Business News
Explained: How the collapse of Silicon Valley Bank caused chaos and can it be contained?
Prominent Silicon Valley personalities and executives have been hitting the giant red ‘panic’ button, saying that if Washington does not come to the rescue of Silicon Valley bank's depositors, more bank runs are likely
Gold price today: 10 grams of 24-carat sold at Rs 56,890; silver at Rs 65,700 per kilo
According to the MCX data, gold futures jumped by 0.78 per cent to trade at Rs 56,590 and silver futures rose by 1.17 per cent to stand at Rs 63,625
Oil giant Saudi Aramco reports 46% jump in profits for 2022
The mostly state-owned energy giant, the world's second most valuable company behind Apple, said in a filing with the Saudi stock market that net income for 2022 was $161.07 billion, up from $110 billion in 2021
Gold price today: 10 grams of 24-carat sold at Rs 56,070; silver at Rs 65,250 per kilo
Ten grams of 24-carat gold in India is priced at Rs 56,070 today, 11 March. One kilo of silver is currently trading at Rs 65,250
Singapore’s Keppel to sell its Myanmar hotel for $57 million
According to Keppel Corporation, divestment from Sedona Hotel Yangon is going to allow it to unlock capital which can be used for new growth opportunities
Thai developer Central Pattana to invest $3.85 billion in malls, homes over 5 years
Central Pattana has now scaled up its investment plans, as it expects a quick recovery in the number of foreign tourists
Gap announces executive shakeup amid losses in holiday quarter, drop in sales
Old Navy, which is responsible for the majority of Gap’s revenue, reported $2.2 billion in sales in the last quarter, down 6 per cent from a year earlier
Ulta Beauty posts strong holiday quarter results, exceeds Wall Street expectations; details here
Ulta Beauty is expecting its full-year revenue for 2023 to range between $10.95 billion and $11.05 billion and earnings per share to be between $24.70 and $25.40
Gold price today: 10 grams of 24-carat sold at Rs 55,530; silver at Rs 65,450 per kilo
Ten grams of 24-carat gold in India costs Rs 55,530 today, 10 March. One kilo of silver is being retailed at Rs 65,450
Japan to acquire first stake in heavy rare-earth elements industry to reduce reliance on China
Lynas Rare Earths is going to provide Japan with up to 65 per cent of the dysprosium and terbium, produced at the Mount Weld mine in western Australia
Sompo Japan Insurance to offer satellite coverage, details here
Sompo Japan Insurance wants to form a division dedicated to space in April for accelerating the development of insurance for the sector
Singapore’s Keppel aims to invest in Vietnam amid 'China plus one' shift
The 'China plus one' strategy picked up when US-China trade tensions increased during the tenure of US President Donald Trump
Gold price today: 10 grams of 24-carat sold at Rs 55,630; silver at Rs 65,550 per kilo
The MCX data shows that the gold futures fell 0.10 per cent to Rs 54,858.00 and silver futures fell 0.34 per cent to Rs 61,605.00
Gold price today, 7 March: Rates see a dip in India, check cost in your city
As per the MCX data, gold futures increased by 0.07 per cent to stand at Rs 55,762 and silver futures went down by 0.11 per cent to trade at Rs 64,330
PM Modi asks India Inc to step up investment
Addressing the 10th webinar on Budget, PM Modi said the government has increased outlay on capital expenditure to Rs 10 lakh crore, the highest ever
Medicines beyond reach, falling ill is death sentence, say poor in bankrupt Pakistan
Poor in Pakistan say that it has been "impossible" for them to buy specialised and life-saving medicines. 'If any of us fall ill, only providence can save us,' said Niaz Ahmed, a loom worker from Faisalabad
Eight countries open 50 special rupee vostro accounts in 6 months to trade in INR
Special vostro account holders are allowed to invest surplus balance in Indian government securities. The facility has been provided by the RBI to help popularise the new arrangement
India, Bangladesh chuck the dollar, to settle trade in Rupee-Taka
Trade in Indian Rupee and Taka will bring down the cost of settlement and lower conversion rate, making it beneficial for traders of both the countries
Japanese sake brewers now embracing smaller bottles amid decline in sales
Household demand for big sake bottles has been reducing due to the change in drinking tastes and decrease in multigenerational households
Huawei stepping up efforts for role in Malaysia's 5G rollout as country reviews tender: Report
Malaysia's 5G rollout plans have become a litmus test of its relations with China as well as western nations and a challenge to the country's reputation for respecting the sanctity of commercial contracts