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[ad_1] First Republic Bank’s shares closed down 50% on Tuesday, a day after the mid-sized US bank announced a dramatic slump in deposits. On Monday the San Francisco-headquartered reported a more than $100bn plunge in deposits in the quarter in the aftermath, sparking fears that it could be the third bank to fail after the…
[ad_1] Islamabad: Cash-starved Pakistan is likely to ink a deal for additional deposits of USD 2 billion from Saudi Arabia after Eid, authorities said on Saturday, a move that will help the country secure the much-required bailout from the IMF. In March, Pakistan sought Saudi Arabia’s confirmation for funds to ink an IMF deal. Earlier…
[ad_1] Anantapur: Hyderabad-based National Geophysical Research Institute has found large deposits of 15 rare earth elements (REE) in Andhra Pradesh’s Anantapur district. REE of the lanthanide series are critical components in many electronic devices like cellphones, televisions, computers, and automobiles used daily and in various industrial applications. NGRI scientists were conducting a survey for non-traditional…
[ad_1] “If you don’t do this, there’s going to be a run on your smaller banks,” he said. “Everyone’s going to take their money out and run to the JPMorgan’s and these too-big-to-fail banks, and they’re going to get bigger and everybody else is going to get smaller and weaker, and it’s going really be…
[ad_1] SRINAGAR: Kupwara district has huge potential in the industrial sector and thermal power generation as there are around 17 lakh metric tonne major mineral deposits available in different areas of this frontier district. Quoting data available with Geology and Mining (G&M) department an official handout said that 9 Lakh metric tonne Lignite deposits are…
[ad_1] KUPWARA, FEBRUARY 22: Kupwara district has huge potential in the industrial sector and thermal power generation as there are around 17 lakh metric tonne major mineral deposits available in different areas of this frontier district. As per data available with Geology and Mining (G&M) department, 9 Lakh metric tonne Lignite deposits are available at…
[ad_1] New Delhi: The Union Government on Thursday said that 5.9 million tonnes of lithium reserves have been found for the first time in the country in Jammu and Kashmir. Lithium is a non-ferrous metal and is one of the key components in EV batteries. “Geological Survey of India for the first time established Lithium…
[ad_1] Umaisar Gull Ganie Srinagar, Feb 10: The Geological Survey of India on Thursday said it has found lithium deposits for the first time in Reasi district of Jammu and Kashmir. According to a statement GSI said it has found 5.9 million tonnes of Lithium inferred resources in the Reasi district. It said lithium inferred…
[ad_1] Following the outbreak of the Hindenburg report on the Adani group, on Friday, the hashtags ‘Hindenburg Report’, ‘Hindenburg Research’, and ‘Adani scam’ trended on Twitter. Several Twitter users including members of the opposition raised questions on the union government’s role in the development. Along with the Adani Group share pummelling on Friday, with the…