New Delhi, March 14 (IANS) Minister for Electronics, Railways and Telecom Ashwini Vaishnaw on Tuesday said that the government is focussing on the semi conductor industry for India.
"We are talking to a
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New Delhi, March 14 (IANS) India's Wholesale Price Index (WPI)-based inflation in February 2023 fell to a 24-month low of 3.85 per cent, according to data released by the Commerce Ministry on Tuesday. WP
Washington, March 13 (IANS) US President Joe Biden on Monday attempted to reassure Americans that the banking system will hold up, media reports said. "Thanks to the quick action in my administration ov
London, March 13 (IANS) Banks across the US are sitting on $620 billion of 'unrealized losses' -- assets which have decreased in value but have not yet been sold -- the head of the Federal Deposit Insur
New Delhi, March 13 (IANS) Retail inflation for February 2023 fell marginally to 6.44 per cent compared to 6.52 per cent in January 2023 as commodity prices witnessed a slight slide. Food inflation also slid
Chennai, March 13 (IANS) Credit rating agency Acuite Ratings & Research on Monday reiterated its forecast of Indian gross domestic product (GDP) growth at 7 per cent for FY23. In a report, Acuite said it
London, March 13 (IANS) HSBC UK Bank plc is acquiring Silicon Valley Bank UK Limited (SVB UK) for 1 pound, after a weekend of frantic negotiations by UK officials. In a statement, HSBC says the transaction &
New Delhi, March 13 (IANS) As India ramps up 5G rollout across the country, the Digital Infrastructure Providers Association (DIPA) on Monday said that to meet the growing demand of large bandwidth and ultra-lo
Seoul, March 12 (IANS) The collapse of the US' Silicon Valley Bank (SVB) could heighten volatility and uncertainties in the financial market, South Korea's finance ministry said Sunday, vowing to beef u
New Delhi, March 11 (IANS) Eight years before the second-largest bank failure in American history occurred this week, the bank's president personally pressed Congress to reduce scrutiny of his financial ins
San Francisco, March 11 (IANS) Twitter boss Elon Musk on Saturday said that he is open to the idea of buying the collapsed Silicon Valley Bank (SVB) and turning it into a digital bank. Min-Liang Tan, co-foun
New Delhi, March 11 (IANS) Government data has revealed that Direct Tax collections up to March 10, 2023, stood at Rs 16.68 lakh crore which is 22.58 per cent higher than the gross collections for the correspon
San Francisco, March 10 (IANS) Shares in banks around the world have slid after troubles at one US bank triggered fears of a wider problem for the financial sector, BBC reported. On Thursday, shares of Silic
New Delhi, March 10 (IANS) Growth momentum in the sale of passenger vehicles continued in February this year. As per data released by the Society of Indian Automobile Manufacturers (SIAM) on Friday, Passenge
New Delhi, March 9 (IANS) China and India will play critical roles in determining the trajectory of temperature rise, a report by the US intelligence community said, adding that the two neighbours are the first
New Delhi, March 9 (IANS) The Indian telecom market saw 36 per cent value growth in offline retail last year, and 2023 is expected to be stable with value-driven growth for the domestic telecom market compared
Chennai, March 8 (IANS): On the world International Day for Women, private non-life insurer Shriram General Insurance Company unveiled two exclusive branches managed by women. According to Shriram General In
New Delhi, March 8 (IANS): Any participation in transactions involving virtual digital assets or cryptocurrency, would come under the Prevention of Money Laundering Act or PMLA, the Centre has said. This was
Washington, March 7 (IANS) US Federal Reserve Chairman Jerome Powell stressed on Tuesday that central bank policymakers are prepared to raise interest rates higher than previously expected and pick up the pace
Chennai, March 7 (IANS) The Adani Group on Tuesday said debts, backed by the shares of listed companies, have been prepaid to the tune of Rs 7,374 crore (approx $902 million). The embattled group said the de
