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[ad_1] New Delhi: Congress leader Rahul Gandhi on Thursday condoled the loss of lives in the accident in Madhya Pradesh’s Indore city in which the roof of a ‘bawdi’ (well) collapsed during a havan, a fire ritual, on the occasion of Ram Navami at a temple. Gandhi said the news of the accident during the…
[ad_1] Bhopal: At least 13 people, a majority of them women, were killed after they fell into a deep steepwell at a temple in Indore on Thursday, while one minor girl was also also missing, Madhya Pradesh Home Minister Narottam Mishra said. Out of the 13 fatalities so far, 10 were women. The death toll…
[ad_1] Brown said the failure of SVB and Signature Bank earlier this month came down to “hubris, entitlement, greed.” “Once again, small businesses and workers feared they would pay the price for other people’s bad decisions,” Brown said. “And we’re left with many questions—and justified anger—toward bank executives and boards, toward venture capitalists, toward federal…
[ad_1] Is it necessary that regional banks continue to exist? Why or why not? This is a fantastic question. The U.S. has nearly 5,000 banks (and another 5,000 or so credit unions). That’s a lot of competition. Part of what’s strange though is a lot of that is a vestige of when we used to…
[ad_1] “If banks are being told they can’t bank the sector, then how does the sector create diversification and banking?” said Dante Disparte, chief strategy officer at stablecoin issuer Circle. “The risk, unfortunately, was too few banks banking too big a sector.” The banking turmoil of the last week is the latest setback for a…
[ad_1] The bank’s collapse “is a major blow to early-stage and even late-stage tech startups looking to get financing,” Daniel Ives, a technology sector analyst at Wedbush Securities, said in an interview. SVB “was the bank that would always pick up the phone when other large money center banks wouldn’t,” Ives said, adding that the…
[ad_1] Washington: The collapse of Silicon Valley Bank, the largest vendor in the startup ecosystem, is likely to adversely impact the Indian startup scenario as well as it has injected a lot of uncertainty in the sector overnight, industry experts say. “Hopefully the matter will get resolved, but I think it is a big hit…
[ad_1] New Delhi: Top venture capitalist (VC) firms on Saturday issued a joint statement on the collapse of Silicon Valley Bank (SVB), one of the largest US banks serving the global startup community, saying they are “deeply disappointing and concerning”. Hemant Taneja, investor and managing partner at General Catalyst, said in a tweet that several…
[ad_1] Morbi: A supplementary charge sheet has been filed in a court here against Oreva Group MD Jaysukh Patel in the case related to the last year’s Morbi suspension bridge collapse which claimed 135 lives. Police filed the supplementary charge sheet in the court of Chief Judicial Magistrate M J Khan on Thursday, Patel’s lawyer…
[ad_1] Press play to listen to this article Voiced by artificial intelligence. LONDON — The U.K. government was scrambling on Sunday to limit the fallout for the British tech sector from the collapse of Silicon Valley Bank, a big U.S. lender to many startups and technology companies. The government is treating the potential reverberations as…