Around $200 million worth of deposits of Indian start-ups have been withdrawn from Silicon Valley Bank (SVB), which was taken over by US banking regulators last week after it collapsed, and moved to the Gujarat International Finance Tec-City (GIFT City) IFSC, Rajeev Chandrasekhar, minister of state (MoS) for electronics and information technology said on Thursday. "It turns out that there was over a billion dollars of deposits of Indian start-ups in SVB. "The existential, solvency crisis that was there six-seven days ago has become much more manageable, even the short-term liquidity crisis is being addressed as the bank allows access to deposits," the minister said while speaking at Lenovo's Tech World India Edition event.
Former doubles world No. 1 Leander Paes was recently elected to receive the Ultimate Honour in Tennis - induction into the International Tennis Hall of Fame - as the Class of 2024.
Each bottle of pickle that leaves FarmDidi, headed to a consumer, has a little kahani behind it -- it's linked to the tale of a life, the life of a simple, striving village woman who created it, and that's what gives Manjari Sharma satisfaction and happiness.
Legendary pistol marksman and Manu Bhaker's personal coach Jaspal Rana on Thursday claimed he was asked to leave the Karni Singh shooting range in New Delhi by India's high performance director Pierre Beauchamp, kicking off a controversy in which the national federation appeared to be siding with the Canadian.
Inspired by the peerless P V Sindhu and aspiring to be Indian badminton's aggressive new kid on the block. Tanvi Sharma is nothing like an average 15-year-old.
Khatua was the joint record holder of 18.06m with Manpreet Kaur before this event. But with her fifth round hurl of 18.41m at the Kalinga Stadium, she became the sole national record holder.
'The West has always opposed a strong nationalist leader in India and Narendra Modi is no exception.' 'The West prefers weak leaders who are amenable to Western pressure and Mr Modi's independent stance is not to the liking of the West,' asserts Colonel Anil A Athale (retd).
Olympic champion Neeraj Chopra clinched his first top podium finish of the season by winning the javelin throw event at the Kuortane Games in Finland, beating reigning world champion Anderson Peters of Grenada for the second time in four days, on Saturday.
'Despite the fact that I did not win tonight, I feel very good because I did my best'
Why is the RBI harsh on Paytm Payments Bank? Why did it give Rana Kapoor of Yes Bank Ltd such a long rope?Often, it's a long investigation process, but the RBI doesn't discuss this openly since that can threaten financial sector stability, explains Tamal Bandyopadhyay.
'For experienced and risk-taking investors, now may be the time to go all in.' 'By 'experienced and risk-taking', I refer to those who remained net buyers in equities during the early stages of the 2020 pandemic.' 'On the other hand, those who exited the markets during the pandemic may go the SIP way.'
India's Ram Baboo on Saturday achieved the Paris Olympics men's 20km race qualification standard, clocking a personal best time of 1:20:00 at the Dudinska 50 Meet in Slovakia.
Showtime is watchable but never engrossing, notes Sukanya Verma.
Along with Olympic champion Neeraj Chopra, Kishore Jena, Rohit Yadav and D P Manu have also qualified for the August 19-27 World Championships in Budapest.
Tata Safari - The Legend Lives!
'I found it unbelievable that L&T said 45,000 jobs were waiting to be filled because of unavailability of suitable skillsets.' 'So, when the Opposition sweepingly says there are no jobs, I'm sorry... I'm not saying it's raining jobs, but there are jobs. The (skill) gap has to be bridged.'
To ramp up domestic battery manufacturing capacity and reduce the dependence on imports, the government has initiated talks with a few lithium-rich countries to supply the mineral to Indian companies, industry sources informed Business Standard. The Ministry of External Affairs (MEA) held a meeting with the ambassadors of countries, including Argentina, Chile, and Bolivia, among others, to put forth its request.
'We see mid-and small-caps as a real pot of gold.' 'From a 10-15 years perspective, mid-and small-cap are likely to outperform the larger index, as they have done in the past.'
'Like every Budget, this time, too, there is chatter around tinkering with the long-term capital gains tax.' 'Investors may not want to jump into the markets until there is clarity on this front.'
Olympic champion Neeraj Chopra faces the likes of reigning World champion Anderson Peters of Grenada and Tokyo Olympics silver medallist Jakub Vadlejch of Czech Republic in a star-studded field in Doha.
Asian Games gold-medallist Sudha Singh ran a below par 9:53.94s to finish fifth in women's 3,000m steeplechase in the Bottrop Gala International Meet in Germany.
Chopra has now set his sights on this year's Commonwealth Games in Birmingham.
Chopra had set a new national record of 89.94m, just 6cm shy of the 90m mark, the gold standard in the world of javelin throw, at the prestigious Diamond League in Stockholm last month en route to a silver medal.
Mitchell, 27, becomes only the second Canadian to win an Olympic track cycling gold after Lori-Ann Muenzer took the women's sprint title in 2004.
If hallmarking data are anything to go by, the proportion of spurious jewellery in the country might have shrunk significantly in the past five years.
'I have no doubt that when she was prevented from meeting Kejriwal, she felt humiliated.'
Gold hallmarking is a purity certification of the precious metal and is voluntary in nature at present.
Anamika Pareek answers five most frequently asked questions about investing in silver ETFs
'He has taught us to take the moment and ourselves seriously.'
Youngster Rudrankksh Patil has emerged as a hot contender to emulate 2008 Beijing Olympics champion Abhinav Bindra's feat at the 2024 Paris Games.
Seema Punia hurled the disc to a distance of 57.35m to claim a silver medal at the Qosanov Memorial athletics meet.
alaika Mihambo of Germany snatched the Olympic gold in women's long jump with her final leap of 7.00 metres in an enthralling final at the Tokyo Games on Tuesday.
Gujrathi and Erigaisi will represent India in the men's individual event while Koneru Humpy and D Harika will do so in the women's section.
Images from the World Athletics Championships in Eugene, Oregon, on Tuesday, Day 5.
Olympic champion javelin thrower Neeraj Chopra expects to breach the coveted 90m mark this year but doesn't want to think about "distance" going into the World Athletics Championships, in Eugene, United States.
Despite director Homi Adajania's ease around quirky ensembles and macabre touches, Murder Mubarak fails to draw the viewer into its shallow world of the vain and wealthy, feels Sukanya Verma.
Gold and diamond retail chain Malabar Gold & Diamonds will be investing Rs 1,600 crore in FY22 to launch 56 stores globally with 40 across India and 16 internationally in FY22 to further boost its retail presence across the globe. The move is expected to generate over 1,700 jobs. In India, the expansion strategy is centred in states like Tamil Nadu, Telangana, Andhra Pradesh, Karnataka, Maharashtra, Delhi, West Bengal, Uttar Pradesh, Odisha and Kerala. Internationally, the expansion will be in markets such as Singapore, Malaysia, Oman, Qatar, Bahrain and UAE.
Chopra had said in recent media interactions that he would not put himself under pressure with the thought of throwing beyond 90m and would look to build up gradually to peak during the July 15-24 World Championships in Eugene, USA.
Jewellery stores remained deserted as buyers deferred their non-essential purchases awaiting softness in gold prices.
Fitch Ratings on Wednesday said the recent search by the enforcement directorate at gold-backed lender Manappuram Finance highlights corporate governance challenges that can arise in emerging markets like India. "Such searches need not lead to further regulatory action, but investigations raise reputational risk that could tarnish a lender's business prospects and constrict funding access due to reduced market confidence - potentially affecting an issuer's credit profile - even if no wrongdoing is identified," Fitch added. The rating agency said Manappuram Finance Ltd has disclosed that the Enforcement Directorate's search at its premises pertained to legacy non-compliant activities at its branches up until 2012.
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