Page 11 - Bs Web Reports

PNB, IOB, DCB bank to offer AT1 bonds; may have to offer premium rates

It is important to note that AT1 bonds are unsecured, perpetual bonds that banks issue to improve their core capital base

How Elon Musk's empire has made him a problem for the Biden administration

Elon Musk's unilateral decision-making, which more often than not is opposite to the official stance of the US, has caused a headache for the Biden government, and it is difficult to shrug off

What are AT1 bonds, and why are Credit Suisse's worth $17 bn now wiped out?

The wipeout of $17 billion worth of AT1 bonds in the UBS-Credit Suisse deal has spooked investors as they now assess if this can happen to their AT1 holdings in other banks as well

BS VI phase 2: Hyundai joins peers, bids farewell to diesel engine sedans

Diesel engine vehicles have seen a steep hike in prices after the second phase of BS-VI norms was implemented by the government

Windfall tax on crude oil slashed to Rs 3,500/tonne, duty on diesel hiked

Petrol and Aviation Turbine Fuel (ATF) have been exempted from the export levy

India to see avg salary hikes of 10.2% in 2023, biggest in e-commerce: EY

Average salary hikes in India will be lower in 2023 compared to 2022, says EY's 'Future of Pay 2023' report. E-commerce, professional services and IT to the biggest hikes

WhatsApp introduces new features for groups, gives more control to admins

Mark Zuckerberg, CEO of WhatsApp parent Meta, introduced the features on his Instagram Broadcast channel

Metros continue to dominate Tier-2 cities in residential real estate market

The year 2022, saw maximum residential property sales in the last eight years, with total absorption increasing by 28 per cent year-on-year, according to a recent report

Crypto exchange WazirX blocked 2,431 accounts between Oct 2022-March 2023

WazirX received 431 requests from law enforcement agencies, against a total transaction volume of $390 million during the above-mentioned period

Amid staff shortage, peak demand, Air India to cancel long-haul flights

As of now, six weekly flights to the US, three to Newark and three to San Francisco, will be trimmed due to a crew shortage for the coming 2-3 months, said CEO & MD of Air India, Campbell Wilson

In a bid to counter rival Jio, Airtel introduces new 'postpaid family plan'

Airtel is offering its "exclusive" Airtel Black postpaid service, which brings DTH, broadband, landline, and cellular services under one umbrella

SC to decide if electoral bonds need to be referred to bench on April 11

The electoral bond scheme was implemented by the Centre in 2018 as a source of political funding

Planning a 'negative list' of nations for cross border data transfer: Govt

The legislation will empower the cross-border flow of data across all countries "by default" unless a country features on the negative list

Amul aiming to become a total foods and beverages company: MD Jayen Mehta

Commenting on high inflation in the dairy sector and three price hikes in the last one year, Mehta said that it was 'imperative' as 'cost of feed and fodder is a direct cost to the farmer'

Samsung eyes expansion, planning to make India smartphone manufacturing hub

The South Korean electronics major plans to invest in setting up smart manufacturing capabilities at its second-largest mobile phone plant in Noida

Please don't stall Delhi's budget, Arvind Kejriwal writes to PM Modi

The presentation of the Delhi government's Budget, which was scheduled for Tuesday, was put on hold with the state government and the Centre trading charges over allocations under various heads

Crypto decouples from global financial markets amid banking sector gloom

The collapse of several banks in the last two weeks has spread fears of contagion in global markets, but crypto markets saw a bull run, with Bitcoin climbing to its nine-month high on Monday

Reliance planning hotels, resorts, lodging facility near Statue of Unity

The Tata Group's Indian Hotels Company already is already in a partnership with Sardar Sarovar Narmada Nigam (SSNNL) and plans to launch two properties, namely Vivanta and Ginger

Flipkart undertakes management rejig amid resignations, high costs: Report

Ravish Sinha, senior VP at Flipkart, has resigned. He was the VP of engineering before taking up the role of SVP of supply chain

Foreign law firms can only advise foreign clients on foreign law: BCI

Bar Council of India also said that the new rules will help India become a global hub of international commercial arbitration