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Silicon Valley Bank rocks California as founders join Napa vintners in fear

From wealthy founders to Napa vineyard owners, clients were scrambling to secure funds or find out basic information about what would happen to their deposits

SVB chief Greg Becker sold $3.6 mn in stock days before bank's failure

The sale of 12,451 shares on Feb. 27 was the first time in more than a year that Becker had sold shares in parent company SVB Financial Group, according to regulatory filings

Safety law likely to shut UK WhatsApp services, says Will Cathcart

The Online Safety Bill before Parliament could effectively make the service's privacy features illegal

Inflation going in right direction, Joe Biden says after jobs data

The US added 311,000 jobs in February, beating estimates, but the unemployment rate also rose to 3.6% while monthly wages rose at the slowest pace in a year

SVB shares halted for pending news after sinking another 69% premarket

Adding to SVB's woes, venture capitalists including Peter Thiel's Founders Fund urged portfolio businesses to limit their exposure to the firm

Bitcoin drops below $20,000, set for worst week since FTX crash in November

The largest token fell as much 3.2% on Friday, breaking below $20,000 for the first time since January, after falling more than 8% on Thursday. Smaller coins like Ether, Solana also added to losses

Govt's efforts to avoid power crisis set to boost LNG imports in summers

An early onset of hot weather has already pushed power demand to near-record levels, stoking fears of a repeat of the intense heat wave last year

Why is everyone talking about SVB? Here's all that you need to know

Events snowballed after Silicon Valley Bank announced a share sale to shore up its finances, following a significant loss on its portfolio

Tata Technologies, a unit of Tata Motors, seeks Sebi approval for IPO

The initial sale in the engineering unit of luxury carmaker Jaguar Land Rover's owner will comprise a 23.6% stake, according to a filing

India and Australia plan military drills to boost defence ties over cricket

Australian Prime Minister Anthony Albanese announced new military exercises to be held with Indian forces in a speech on board the INS Vikrant aircraft carrier on Thursday

Vodafone Group, Three UK putting final touches on tie-up with Britain

Talks are ongoing and no final decisions on the structure of the merger or timing of any announcement have been made

Competition Commission of India squeezed by staff vacancies, workload

A void at the top rung of India's competition agency underscores a chronic resource crunch and is undermining its capacity to regulate major companies in the world's fifth-largest economy

US jobless claims jump to 211,000, led by New York, California, shows data

Initial unemployment claims increased by 21,000 to 211,000 in the week ended March 4, Labor Department data showed Thursday

All share-backed loans prepaid, Adani executives tell investors at UK meet

But shares of two more group firms reported to be pledged

Discord adds OpenAI functions to offerings from chat to moderation

Millions of people already use AI apps on Discord every month

How 'excuseflation' is keeping prices and corporate profits high

The key question is, in an economy where the consumer continues to spend freely, how sticky this 'excuseflation' proves to be

Byju's to raise $250 mn via convertible notes in Aakash pre-IPO funding

The pre-IPO round at Aakash will help the startup to tide over a liquidity crunch as talks to raise funds at a parent level are getting delayed with a prolonged due diligence process

ADIA close to buying a $500 million stake in eyewear startup, Lenskart

The Middle Eastern sovereign wealth fund is finalizing an agreement to buy a mix of existing Lenskart shares and new equity, the people said

Mobius bets big on chip stocks as US, China increase investments in sector

Chip stocks have had a great start to 2023 after rising interest rates led to a carnage in 2022. Investor focus has started shifting to the sector's long-term growth prospects and cheaper valuations

Nissan to develop new powertrains, may cut cost of hybrid cars by 30%

By enhancing the common parts that underpin a vehicle, the Yokohama-based automaker expects to be able to lower the cost of its hybrid cars to the same level as gasoline-powered cars by 2026