HSBC Holdings plc announces that its UK ring-fenced subsidiary, HSBC UK Bank plc, is acquiring Silicon Valley Bank UK Limited (SVB UK) for £1.
SVB UK has been swept up in the implosion of California-based Silicon Valley Bank, which US regulators shut.
SVB UK will become part of HSBC’s ringfenced UK business, which has 14mn customers and 18,500 staff.
Noel Quinn, HSBC Group CEO.
India's retail inflation edged down slightly to 6.44 per cent in February from January's 3-month high of 6.52 per cent, according to the data released by the Ministry of Statistics and Programme Implementation (MoSPI).
The Consumer Price Index (CPI) based retail inflation was 6.52 per cent in January, after declining to a one-year low level of 5.72 per cent in December.
As per documents laid in the Parliament, the total budget estimates for the fiscal is Rs. 1,18,500 crore, of which developmental expenditure is of the order of Rs. 41,491 crore.
The capital component of the budget has increased substantially.
The expected revenue receipts are Rs 1,06,061 crore whereas Revenue expenditure is expected to be Rs 77,009 crore.
The Reserve Bank of India (RBI) granted an ‘Infrastructure Finance Company (IFC)’ status to Indian Renewable Energy Development Agency (IREDA). It was earlier classified as an ‘Investment and Credit Company (ICC)’.
With the IFC status, IREDA can now take higher exposure in RE financing.
Pradip Kumar Das, chairman and managing director of IREDA.
The IBA Women's World Boxing Championship 2023 will be held in India from March 15 to 26 at the Indira Gandhi Sports Complex in New Delhi.The Boxing Federation of India (BFI) has announced Mahindra as the title sponsor for this championship, while appointing MC Mary Kom and Bollywood star Farhan Akhtar as brand ambassadors.
Ajay Singh, President, Boxing Federation of India.
India is hosting the event for the third time in history.
Commerce and industry minister Piyush Goyal said that India’s goods and services exports will cross $750 billion in the financial year 2022-23, and that country is expanding rupee trade with several countries, many of which are at an advanced stage of dialogue and finalisation.
Earlier, exports used to hover at around USD 500 billion every year,
Embassy Office Parks REIT (Embassy REIT), has committed over Rs 300 crore to its environmental, social, and governance (ESG) program across its 43.6 million sq ft pan-India portfolio.
On March 10, 2023, the company commissioned first phase of its 20 MW solar project, which aims to generate 30 million units of solar power,offsetting around 25,000 tonnes of CO2 emissions.
India is organising an international conference on 'shared Buddhist heritage' here on March 14-15, as it seeks to focus on the country's civilisational connect with the Shanghai Cooperation Organization (SCO) nations.
This event is a follow-up to the announcement made by PM Modi on strengthening cooperation in this domain at the previous SCO Summits.
The two-day multilateral maritime exercise La Perouse has begun in the Indian ocean region.
This edition witnessed participation of personnel, ships and integral helicopters of Royal Australian Navy, French Navy, Indian Navy, Japanese Maritime Self Defence Force, Royal Navy and the United States Navy.
International Day of Mathematics, also known as Pi Day, is an annual celebration observed on March 14th.
The theme for International Day of Mathematics 2023 is "Mathematics for Everyone," which was proposed by Marco Zarco Rotairo from the Trece Martires City National High School in the Philippines.
Surekha Yadav, Asia's first woman loco pilot, has now become the first female to operate the newly-introduced semi-high speed Vande Bharat Express train.
She achieved the feat as she piloted the semi-high speed train between Solapur station and Chhatrapati Shivaji Maharaj Terminus (CSMT) in Mumbai.
Over 4,439 crore rupees have been allocated under Pradhan Mantri Kisan Sampada Yojana during 2017-18 to 2022-23.
The scheme is a comprehensive package for creation of modern infrastructure with efficient supply chain management from farm gate to retail outlet.
Every year on March 14, the International Day of Action for Rivers is observed to promote awareness of the importance of the river systems on the planet earth.
This year marks the 26th International Day of Action for Rivers.
The focus is given to river protection with the involvement of the community.
Previously, the day was known as World Day against Dams for Rivers, Water, and Life.