The Federal Deposit Insurance Corporation (FDIC) entered into a purchase and assumption agreement for all deposits and loans of recently failed US-based Silicon Valley Bridge Bank by First-Citizens Bank and Trust Company, Raleigh, North Carolina.
The investor-friendly climate is critical -policies such as tax breaks, incentives, sector-specific subsidies, free trade zones, and business regulations are only marginally or partially investor friendly.
China is forcing Nepal into its ambitious but controversial Belt and Road Initiative (BRI) project. The Nepal-China railway has also been discussed for a long time. Even during the visits of Chinese President Xi Jinping and Former Chinese Foreign Minister Wang Yi, there have been various
For the first time in the history of Jammu and Kashmir, the Union Territory has recorded its first Foreign Direct Investment (FDI) as a United Arab Emirates (UAE)-based Emaar, a real estate company has come up with a mall in the outskirts of Srinagar, the summer capital of UT.
Sweden-headquartered multinational hospital chain Medicover, which plans to double its India footprint, expects the country's healthcare market size to treble in a decade from now.
US President Joe Biden on Monday morning (local time) will deliver remarks on how his government will maintain a resilient banking system after two US-based banks collapsed and were closed by regulators in a matter of two-to-three days.
New Delhi [India], March 13 (ANI/BusinessWire India): In light of the sudden collapse of Silicon Valley Bank, Dr Mukesh Aghi, President and CEO of the US-India Strategic Partnership Forum's Startup Connect Program thanks the U.S. Federal Reserve, the Federal Deposit Insurance Corporation (FD
New York-based Signature Bank was closed by the state regulators, becoming the second US bank after Silicon Valley Bank to have collapsed in a matter of less than a week.
The SVB collapse has sent ripples across the tech industry in the United States, the United Kingdom and other countries, including Israel, where the tech lender has branches.
According to Business Recorder, the State Bank of Pakistan (SBP) on Monday reported that the country has fetched FDI amounting to USD 683 million during July-Jan of FY23 as against USD 1.22 billion in the same period of last fiscal year (FY22).
While replying to a question in Lok Sabha on space startups, the minister said that a new seed fund scheme has been approved by IN-SPACe Board to provide initial financial assistance to Indian space start-ups.