Page 4 - Reuters

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

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

Relief over Credit Suisse deal crumbles as focus shifts to bond risks

In a package orchestrated by Swiss regulators on Sunday, UBS Group AG will pay 3 billion Swiss francs ($3.23 billion) for 167-year-old Credit Suisse Group AG and assume up to $5.4 billion in losses

Indian rupee, bond yields await Fed Reserve's policy move for cues

The move could bring early relief to the market when they open on Monday. The rupee non-deliverable forwards market signalled a slightly weaker rupee on open

Central banks try to calm markets after UBS deal to buy Credit Suisse

Soon after the announcement late on Sunday, the US Federal Reserve, European Central Bank and other major central banks came out with statements to reassure markets

India's economic, banking systems strong even amid global turmoil: PM Modi

"Amidst a global crisis, today India's economic system is strong, the banking system is strong. This is the power of our institutions," Modi said

UBS eyeing swoop for Credit Suisse amid fears of banking contagion

UBS AG was examining on Saturday a takeover of its embattled Swiss peer Credit Suisse, sources said

Credit Suisse under pressure to merge with UBS, meets to weigh options

Credit Suisse Group AG began a make-or-break weekend after some rivals grew cautious in their dealings with the bank as regulators urged it to pursue a deal with Swiss rival UBS AG

Credit Suisse meets to weigh options, under pressure to merge with UBS

Credit Suisse Chief Financial Officer Dixit Joshi and his teams will hold meetings over the weekend to assess strategic scenarios for the bank