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US lenders face scrutiny as Federal Reserve's rate decision looms

The Fed's relentless rate hikes to rein in inflation have been partly blamed for sparking the biggest meltdown in the banking sector since the 2008 financial crisis

India dampens hopes for more air access in drive to be aviation force

We are going to see an explosion of air traffic in India in the years to come, he said, adding he wanted domestic carriers to look at international expansion with greater focus

Lanka economic crisis: From protests to IMF's $3-billion rescue

The IMF has approved a nearly $3-billion bailout which could help the country unlock up to $7 billion more from other lenders

'Weakened' Macron sticks with pension bill, eyes new reforms: Report

Macron does not plan any reshuffle or snap elections and has ruled out withdrawing the pension law, which will raise the retirement age by two years to 64

Indian banks can endure global banking turmoil fallout: S&P Global Ratings

S&P also said Indian banks had sufficient buffers to withstand losses on their sizable government securities portfolio due to rising interest rates

Air India's expansion plans stir tension over airline flying rights

Tensions over plans to transform AI into a global airline with hundreds of new jets rippled across aviation sector as foreign carriers clamoured for more access to the world's fastest-growing economy

Powered by US boutique investment firm GQG, FPIs turn net buyers

FPIs bought equities worth $1.52 billionbetween March 1 and 15, the most since November 2022, acco­rding to National Securities Depo­sitory data

RBI sells net $384 million in spot foreign exchange market in January

The Reserve Bank of India sold net $384 million in the spot foreign exchange market in January, the central bank's monthly bulletin showed on Tuesday

Karnataka govt approves $968 million investment from Foxconn unit

The southern Indian state of Karnataka has approved an 80 billion rupee ($967.91 million) investment in the state by a unit of Taiwan's Foxconn

Shares rise after Credit Suisse deal, but investors fear another surprise

Global shares rose, after the rescue of Credit Suisse arrested a rout in bank stocks, but signs of stress in the financial system are making investors wonder if another lender may deliver a surprise

Bank stocks steady after Credit Suisse rescue, focus turns to Fed, US banks

The demise of 167-year-old Credit Suisse was triggered by the collapse of U.S. mid-sized lenders Silicon Valley Bank (SVB) and Signature Bank, and investors are concerned about potential bombs ticking

India not looking to increase air traffic rights for UAE, says Scindia

India is one of the world's fastest-growing aviation markets where demand for air travel is outstripping the supply of planes. Air India last month placed a record order for 470 jets

Indian banks' dependence on AT1 bonds limited, impact on pricing: Analysts

"Another instance of AT-1 bond write-off questions seniority of claims of AT-1 bond holders and dampens sentiments for AT-1 market issuances," Citi analysts wrote in a note

Oil prices hit lowest levels since 2021 on banking fears recession

The slide in oil occurred despite an historic deal in which UBS, Switzerland's largest bank, agreed to buy Credit Suisse in an attempt to rescue the country's second-biggest bank

Supreme Court directs market regulator to refund Rs 3 bn to NSE

The top court also refused to stay a tribunal order, which had set aside the regulator's ruling against NSE, the lawyers added

JPMorgan CEO leading talks for new First Republic rescue plan: Report

A spokesperson for First Republic pointed to an earlier statement where the bank said it was "well-positioned to manage short-term deposit activity"

UN chief urges faster shift to 'net zero' after report shows climate threat

New climate report details urgent need to cut emissions

FDIC to break up Silicon Valley Bank, seeks separate sale of private unit

It will seek bids for Silicon Valley Private Bank until March 22 and for the bridge bank until March 24

BioNTech signs deal to co-develop OncoC4's cancer antibody drug

A late-stage trial for the drug has been planned for this year, the companies said

Govt may extend diesel, gasoline export curbs beyond March 31: Report

The extension of rules may discourage some Indian refiners, mainly private companies, from buying Russian fuels for re-exports to countries