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IndiaTV Business: Google News Feed: Digest for March 15, 2023

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Silicon Valley Bank collapse: The sudden collapse of Silicon Valley Bank (SVB) in the United States has caused shockwaves around the world. California-based Silicon Valley Bank, the 16th largest bank in the US, was closed on Friday (March 10) by the California Department of Financial Protection and Innovation which later appointed the Federal Deposit Insurance Corporation (FDIC) as its receiver.
Annual Budget Session 2023: Vice President Jagdeep Dhankar on Sunday conducted an all-party meeting at his residence in Delhi. VP Dhankar called this meeting ahead of the Second Phase of the 2023-24 Annual Budget Session. The second leg of the Budget session will commence on Monday. The session, which began on January 31, is likely to conclude on April 6.
Embattled Adani Group said it has repaid loans aggregating USD 2.65 billion to complete a prepayment programme ahead of the March 31 deadline to cut overall leverage in an attempt to win back investor trust post a damning report of a US short seller.
Bitcoin is currently trading at relatively higher prices on the Coinbase crypto exchange due to the crisis at Silicon Valley Bank and resulting volatility in the world's second-largest dollar-pegged stablecoin, USD Coin (USDC). The Coinbase Premium Index, which measures the spread between BTC's U.S. dollar-denominated price on Coinbase and BTC's tether-denominated price on offshore giant Binance, rose to 0.8, the highest since March 2020, according to data tracked by analytics firm CryptoQuant.
In the last 24 hours, the price of gold has increased across major cities in India. As of Monday, the 24 carat gold (10 grams) cost Rs 55,670 while the 22 carat (10 grams) is priced at Rs 50,990. This increase in prices has been attributed to the fluctuations in the international market.
Nirman Agri Genetics IPO subscription will open on Wednesday, March 15. Nirman Agri Genetics is a specialized agri-input provider. The subscription window will close on March 20.
After shutting down two banks in last week, New York regulators shut down another significant one in the crypto industry, the Signature Bank. US Treasury Secretary Janet Yellen, Federal Reserve Board Chair Jerome Powell and Federal Deposit Insurance Corporation (FDIC) Chairman Martin Gruenberg said in a joint statement that all depositors of Signature Bank 'will be made whole'.
Sensex tumbled over 900 points on Monday to settle at 58,237.85 due to a massive sell-off in banking, finance and auto stocks as markets across the world continue to face the consequences of the Silicon Valley Bank collapse. Nifty too declined 258.60 points to settle at 17,154.30 points.
According to government data, released on Monday, the retail inflation decreased marginally to 6.44 per cent in February, mainly due to a slight easing in prices of food and fuel items. 
Banks and traders in India have been asked to avoid payment settlements for Russian imports in the Chinese yuan till the time ties between India and China improve.
Embattled Adani Group said it has repaid loans aggregating USD 2.65 billion to complete a prepayment programme ahead of the March 31 deadline to cut overall leverage in an attempt to win back investor trust post a damning report of a US short seller.
Bitcoin is currently trading at relatively higher prices on the Coinbase crypto exchange due to the crisis at Silicon Valley Bank and resulting volatility in the world's second-largest dollar-pegged stablecoin, USD Coin (USDC). The Coinbase Premium Index, which measures the spread between BTC's U.S. dollar-denominated price on Coinbase and BTC's tether-denominated price on offshore giant Binance, rose to 0.8, the highest since March 2020, according to data tracked by analytics firm CryptoQuant.
In the last 24 hours, the price of gold has increased across major cities in India. As of Monday, the 24 carat gold (10 grams) cost Rs 55,670 while the 22 carat (10 grams) is priced at Rs 50,990. This increase in prices has been attributed to the fluctuations in the international market.
Nirman Agri Genetics IPO subscription will open on Wednesday, March 15. Nirman Agri Genetics is a specialized agri-input provider. The subscription window will close on March 20.
After shutting down two banks in last week, New York regulators shut down another significant one in the crypto industry, the Signature Bank. US Treasury Secretary Janet Yellen, Federal Reserve Board Chair Jerome Powell and Federal Deposit Insurance Corporation (FDIC) Chairman Martin Gruenberg said in a joint statement that all depositors of Signature Bank 'will be made whole'.
Sensex tumbled over 900 points on Monday to settle at 58,237.85 due to a massive sell-off in banking, finance and auto stocks as markets across the world continue to face the consequences of the Silicon Valley Bank collapse. Nifty too declined 258.60 points to settle at 17,154.30 points.
According to government data, released on Monday, the retail inflation decreased marginally to 6.44 per cent in February, mainly due to a slight easing in prices of food and fuel items. 
Banks and traders in India have been asked to avoid payment settlements for Russian imports in the Chinese yuan till the time ties between India and China improve.
Parliament Budget Session: The second leg of the Budget session of Parliament began on Monday (March 13) and will continue till April 6. The BJP-Congress slugfest escalated on the first day of the second leg of the Budget Session with the BJP MPs seeking an apology from Gandhi and counter-slogans from the Opposition benches demanding a Joint Parliamentary Committee (JPC) probe into the Adani-Hindenburg issue. After obituary references in the House, Defence Minister and Deputy Leader of the Lok Sabha Rajnath Singh stood up and charged that Gandhi has tried to defame India in London through his remarks on Indian democracy. The Opposition Congress protested strongly too and came to the well of the House. Meanwhile, the focus of the second part of the Budget Session will be on demand for grants and passage of the Union Budget. As per the records, about 26 Bills are currently pending in the Rajya Sabha and close to 9 in the Lok Sabha for passage. Two Bills - The Multi-State Co-operative Societies (Amendment) Bill, 2022 and The Jan Vishwas (Amendment of Provisions) Bill, 2022 were referred to a Joint Committee by the government last Winter Session and they are currently being examined by the panel. The government will also list The Biological Diversity (Amendment) Bill, 2021, which was scrutinised by a Joint Committee of Parliament. 
Ki Young Ju, the CEO and co-founder of CryptoQuant, has tweeted that there will be a massive $1 billion worth of buying pressure on Bitcoin (BTC), Ethereum (ETH), and Binance Coin (BNB). Ju's announcement was based on a tweet by Binance, the leading cryptocurrency exchange in daily trading volume, which stated that it would convert the remaining $1 billion Industry Recovery Initiative funds from BUSD to native cryptos including BTC, BNB, and ETH.
Bitcoin is currently trading at relatively higher prices on the Coinbase crypto exchange due to the crisis at Silicon Valley Bank and resulting volatility in the world's second-largest dollar-pegged stablecoin, USD Coin (USDC). The Coinbase Premium Index, which measures the spread between BTC's U.S. dollar-denominated price on Coinbase and BTC's tether-denominated price on offshore giant Binance, rose to 0.8, the highest since March 2020, according to data tracked by analytics firm CryptoQuant.
Nirman Agri Genetics IPO subscription will open on Wednesday, March 15. Nirman Agri Genetics is a specialized agri-input provider. The subscription window will close on March 20.
After shutting down two banks in last week, New York regulators shut down another significant one in the crypto industry, the Signature Bank. US Treasury Secretary Janet Yellen, Federal Reserve Board Chair Jerome Powell and Federal Deposit Insurance Corporation (FDIC) Chairman Martin Gruenberg said in a joint statement that all depositors of Signature Bank 'will be made whole'.
Sensex tumbled over 900 points on Monday to settle at 58,237.85 due to a massive sell-off in banking, finance and auto stocks as markets across the world continue to face the consequences of the Silicon Valley Bank collapse. Nifty too declined 258.60 points to settle at 17,154.30 points.
According to government data, released on Monday, the retail inflation decreased marginally to 6.44 per cent in February, mainly due to a slight easing in prices of food and fuel items. 
Banks and traders in India have been asked to avoid payment settlements for Russian imports in the Chinese yuan till the time ties between India and China improve.
Parliament Budget Session: The second leg of the Budget session of Parliament began on Monday (March 13) and will continue till April 6. The BJP-Congress slugfest escalated on the first day of the second leg of the Budget Session with the BJP MPs seeking an apology from Gandhi and counter-slogans from the Opposition benches demanding a Joint Parliamentary Committee (JPC) probe into the Adani-Hindenburg issue. After obituary references in the House, Defence Minister and Deputy Leader of the Lok Sabha Rajnath Singh stood up and charged that Gandhi has tried to defame India in London through his remarks on Indian democracy. The Opposition Congress protested strongly too and came to the well of the House. Meanwhile, the focus of the second part of the Budget Session will be on demand for grants and passage of the Union Budget. As per the records, about 26 Bills are currently pending in the Rajya Sabha and close to 9 in the Lok Sabha for passage. Two Bills - The Multi-State Co-operative Societies (Amendment) Bill, 2022 and The Jan Vishwas (Amendment of Provisions) Bill, 2022 were referred to a Joint Committee by the government last Winter Session and they are currently being examined by the panel. The government will also list The Biological Diversity (Amendment) Bill, 2021, which was scrutinised by a Joint Committee of Parliament. 
Ki Young Ju, the CEO and co-founder of CryptoQuant, has tweeted that there will be a massive $1 billion worth of buying pressure on Bitcoin (BTC), Ethereum (ETH), and Binance Coin (BNB). Ju's announcement was based on a tweet by Binance, the leading cryptocurrency exchange in daily trading volume, which stated that it would convert the remaining $1 billion Industry Recovery Initiative funds from BUSD to native cryptos including BTC, BNB, and ETH.
The Union Territory of Jammu and Kashmir has been allocated a budget of ₹1.18 lakh crore for the year 2023-24, with a focus on providing housing in rural areas and water tap connections to 18.36 lakh households. Finance Minister Nirmala Sitharaman presented the budget on Monday in the Lok Sabha, while Union Minister of State for Finance Pankaj Chaudhary tabled it for the Union territory of Jammu and Kashmir.
A report from Challenger, Gray & Christmas, a firm that provides outplacement services to executives, reveals that in the past two months, a number of companies in the United States have cut jobs due to concerns over a global recession, resulting in more than 180,000 employees losing their jobs. In January, US companies cut 1,02,943 jobs, while 77,770 staff cuts were made in February. Among them, technology companies cut 21,387 jobs in February, accounting for 28% of all cuts.
Bitcoin is currently trading at relatively higher prices on the Coinbase crypto exchange due to the crisis at Silicon Valley Bank and resulting volatility in the world's second-largest dollar-pegged stablecoin, USD Coin (USDC). The Coinbase Premium Index, which measures the spread between BTC's U.S. dollar-denominated price on Coinbase and BTC's tether-denominated price on offshore giant Binance, rose to 0.8, the highest since March 2020, according to data tracked by analytics firm CryptoQuant.
Nirman Agri Genetics IPO subscription will open on Wednesday, March 15. Nirman Agri Genetics is a specialized agri-input provider. The subscription window will close on March 20.
After shutting down two banks in last week, New York regulators shut down another significant one in the crypto industry, the Signature Bank. US Treasury Secretary Janet Yellen, Federal Reserve Board Chair Jerome Powell and Federal Deposit Insurance Corporation (FDIC) Chairman Martin Gruenberg said in a joint statement that all depositors of Signature Bank 'will be made whole'.
Sensex tumbled over 900 points on Monday to settle at 58,237.85 due to a massive sell-off in banking, finance and auto stocks as markets across the world continue to face the consequences of the Silicon Valley Bank collapse. Nifty too declined 258.60 points to settle at 17,154.30 points.
According to government data, released on Monday, the retail inflation decreased marginally to 6.44 per cent in February, mainly due to a slight easing in prices of food and fuel items. 
Banks and traders in India have been asked to avoid payment settlements for Russian imports in the Chinese yuan till the time ties between India and China improve.
Parliament Budget Session: The second leg of the Budget session of Parliament began on Monday (March 13) and will continue till April 6. The BJP-Congress slugfest escalated on the first day of the second leg of the Budget Session with the BJP MPs seeking an apology from Gandhi and counter-slogans from the Opposition benches demanding a Joint Parliamentary Committee (JPC) probe into the Adani-Hindenburg issue. After obituary references in the House, Defence Minister and Deputy Leader of the Lok Sabha Rajnath Singh stood up and charged that Gandhi has tried to defame India in London through his remarks on Indian democracy. The Opposition Congress protested strongly too and came to the well of the House. Meanwhile, the focus of the second part of the Budget Session will be on demand for grants and passage of the Union Budget. As per the records, about 26 Bills are currently pending in the Rajya Sabha and close to 9 in the Lok Sabha for passage. Two Bills - The Multi-State Co-operative Societies (Amendment) Bill, 2022 and The Jan Vishwas (Amendment of Provisions) Bill, 2022 were referred to a Joint Committee by the government last Winter Session and they are currently being examined by the panel. The government will also list The Biological Diversity (Amendment) Bill, 2021, which was scrutinised by a Joint Committee of Parliament. 
Ki Young Ju, the CEO and co-founder of CryptoQuant, has tweeted that there will be a massive $1 billion worth of buying pressure on Bitcoin (BTC), Ethereum (ETH), and Binance Coin (BNB). Ju's announcement was based on a tweet by Binance, the leading cryptocurrency exchange in daily trading volume, which stated that it would convert the remaining $1 billion Industry Recovery Initiative funds from BUSD to native cryptos including BTC, BNB, and ETH.
The Union Territory of Jammu and Kashmir has been allocated a budget of ₹1.18 lakh crore for the year 2023-24, with a focus on providing housing in rural areas and water tap connections to 18.36 lakh households. Finance Minister Nirmala Sitharaman presented the budget on Monday in the Lok Sabha, while Union Minister of State for Finance Pankaj Chaudhary tabled it for the Union territory of Jammu and Kashmir.
A report from Challenger, Gray & Christmas, a firm that provides outplacement services to executives, reveals that in the past two months, a number of companies in the United States have cut jobs due to concerns over a global recession, resulting in more than 180,000 employees losing their jobs. In January, US companies cut 1,02,943 jobs, while 77,770 staff cuts were made in February. Among them, technology companies cut 21,387 jobs in February, accounting for 28% of all cuts.
Nirman Agri Genetics IPO subscription will open on Wednesday, March 15. Nirman Agri Genetics is a specialized agri-input provider. The subscription window will close on March 20.
After shutting down two banks in last week, New York regulators shut down another significant one in the crypto industry, the Signature Bank. US Treasury Secretary Janet Yellen, Federal Reserve Board Chair Jerome Powell and Federal Deposit Insurance Corporation (FDIC) Chairman Martin Gruenberg said in a joint statement that all depositors of Signature Bank 'will be made whole'.
Sensex tumbled over 900 points on Monday to settle at 58,237.85 due to a massive sell-off in banking, finance and auto stocks as markets across the world continue to face the consequences of the Silicon Valley Bank collapse. Nifty too declined 258.60 points to settle at 17,154.30 points.
According to government data, released on Monday, the retail inflation decreased marginally to 6.44 per cent in February, mainly due to a slight easing in prices of food and fuel items. 
Banks and traders in India have been asked to avoid payment settlements for Russian imports in the Chinese yuan till the time ties between India and China improve.
Parliament Budget Session: The second leg of the Budget session of Parliament began on Monday (March 13) and will continue till April 6. The BJP-Congress slugfest escalated on the first day of the second leg of the Budget Session with the BJP MPs seeking an apology from Gandhi and counter-slogans from the Opposition benches demanding a Joint Parliamentary Committee (JPC) probe into the Adani-Hindenburg issue. After obituary references in the House, Defence Minister and Deputy Leader of the Lok Sabha Rajnath Singh stood up and charged that Gandhi has tried to defame India in London through his remarks on Indian democracy. The Opposition Congress protested strongly too and came to the well of the House. Meanwhile, the focus of the second part of the Budget Session will be on demand for grants and passage of the Union Budget. As per the records, about 26 Bills are currently pending in the Rajya Sabha and close to 9 in the Lok Sabha for passage. Two Bills - The Multi-State Co-operative Societies (Amendment) Bill, 2022 and The Jan Vishwas (Amendment of Provisions) Bill, 2022 were referred to a Joint Committee by the government last Winter Session and they are currently being examined by the panel. The government will also list The Biological Diversity (Amendment) Bill, 2021, which was scrutinised by a Joint Committee of Parliament. 
Ki Young Ju, the CEO and co-founder of CryptoQuant, has tweeted that there will be a massive $1 billion worth of buying pressure on Bitcoin (BTC), Ethereum (ETH), and Binance Coin (BNB). Ju's announcement was based on a tweet by Binance, the leading cryptocurrency exchange in daily trading volume, which stated that it would convert the remaining $1 billion Industry Recovery Initiative funds from BUSD to native cryptos including BTC, BNB, and ETH.
The Union Territory of Jammu and Kashmir has been allocated a budget of ₹1.18 lakh crore for the year 2023-24, with a focus on providing housing in rural areas and water tap connections to 18.36 lakh households. Finance Minister Nirmala Sitharaman presented the budget on Monday in the Lok Sabha, while Union Minister of State for Finance Pankaj Chaudhary tabled it for the Union territory of Jammu and Kashmir.
A report from Challenger, Gray & Christmas, a firm that provides outplacement services to executives, reveals that in the past two months, a number of companies in the United States have cut jobs due to concerns over a global recession, resulting in more than 180,000 employees losing their jobs. In January, US companies cut 1,02,943 jobs, while 77,770 staff cuts were made in February. Among them, technology companies cut 21,387 jobs in February, accounting for 28% of all cuts.

Gold prices skyrocket in India on Tuesday

Tuesday 14 March 2023 11:38 AM UTC+00
Gold prices today: The gold market in India has seen a significant surge in prices in the last 24 hours. As of Tuesday, 14th March, the cost of 24 carat gold (10 grams) has risen to Rs 57,220, while 22 carat gold (10 grams) is priced at Rs 52,450.
Nirman Agri Genetics IPO subscription will open on Wednesday, March 15. Nirman Agri Genetics is a specialized agri-input provider. The subscription window will close on March 20.
After shutting down two banks in last week, New York regulators shut down another significant one in the crypto industry, the Signature Bank. US Treasury Secretary Janet Yellen, Federal Reserve Board Chair Jerome Powell and Federal Deposit Insurance Corporation (FDIC) Chairman Martin Gruenberg said in a joint statement that all depositors of Signature Bank 'will be made whole'.
Sensex tumbled over 900 points on Monday to settle at 58,237.85 due to a massive sell-off in banking, finance and auto stocks as markets across the world continue to face the consequences of the Silicon Valley Bank collapse. Nifty too declined 258.60 points to settle at 17,154.30 points.
According to government data, released on Monday, the retail inflation decreased marginally to 6.44 per cent in February, mainly due to a slight easing in prices of food and fuel items. 
Banks and traders in India have been asked to avoid payment settlements for Russian imports in the Chinese yuan till the time ties between India and China improve.
Parliament Budget Session: The second leg of the Budget session of Parliament began on Monday (March 13) and will continue till April 6. The BJP-Congress slugfest escalated on the first day of the second leg of the Budget Session with the BJP MPs seeking an apology from Gandhi and counter-slogans from the Opposition benches demanding a Joint Parliamentary Committee (JPC) probe into the Adani-Hindenburg issue. After obituary references in the House, Defence Minister and Deputy Leader of the Lok Sabha Rajnath Singh stood up and charged that Gandhi has tried to defame India in London through his remarks on Indian democracy. The Opposition Congress protested strongly too and came to the well of the House. Meanwhile, the focus of the second part of the Budget Session will be on demand for grants and passage of the Union Budget. As per the records, about 26 Bills are currently pending in the Rajya Sabha and close to 9 in the Lok Sabha for passage. Two Bills - The Multi-State Co-operative Societies (Amendment) Bill, 2022 and The Jan Vishwas (Amendment of Provisions) Bill, 2022 were referred to a Joint Committee by the government last Winter Session and they are currently being examined by the panel. The government will also list The Biological Diversity (Amendment) Bill, 2021, which was scrutinised by a Joint Committee of Parliament. 
Ki Young Ju, the CEO and co-founder of CryptoQuant, has tweeted that there will be a massive $1 billion worth of buying pressure on Bitcoin (BTC), Ethereum (ETH), and Binance Coin (BNB). Ju's announcement was based on a tweet by Binance, the leading cryptocurrency exchange in daily trading volume, which stated that it would convert the remaining $1 billion Industry Recovery Initiative funds from BUSD to native cryptos including BTC, BNB, and ETH.
The Union Territory of Jammu and Kashmir has been allocated a budget of ₹1.18 lakh crore for the year 2023-24, with a focus on providing housing in rural areas and water tap connections to 18.36 lakh households. Finance Minister Nirmala Sitharaman presented the budget on Monday in the Lok Sabha, while Union Minister of State for Finance Pankaj Chaudhary tabled it for the Union territory of Jammu and Kashmir.
A report from Challenger, Gray & Christmas, a firm that provides outplacement services to executives, reveals that in the past two months, a number of companies in the United States have cut jobs due to concerns over a global recession, resulting in more than 180,000 employees losing their jobs. In January, US companies cut 1,02,943 jobs, while 77,770 staff cuts were made in February. Among them, technology companies cut 21,387 jobs in February, accounting for 28% of all cuts.

Gold prices skyrocket in India on Tuesday

Tuesday 14 March 2023 11:38 AM UTC+00
Gold prices today: The gold market in India has seen a significant surge in prices in the last 24 hours. As of Tuesday, 14th March, the cost of 24 carat gold (10 grams) has risen to Rs 57,220, while 22 carat gold (10 grams) is priced at Rs 52,450.
Nirman Agri Genetics IPO subscription will open on Wednesday, March 15. Nirman Agri Genetics is a specialized agri-input provider. The subscription window will close on March 20.
After shutting down two banks in last week, New York regulators shut down another significant one in the crypto industry, the Signature Bank. US Treasury Secretary Janet Yellen, Federal Reserve Board Chair Jerome Powell and Federal Deposit Insurance Corporation (FDIC) Chairman Martin Gruenberg said in a joint statement that all depositors of Signature Bank 'will be made whole'.
Sensex tumbled over 900 points on Monday to settle at 58,237.85 due to a massive sell-off in banking, finance and auto stocks as markets across the world continue to face the consequences of the Silicon Valley Bank collapse. Nifty too declined 258.60 points to settle at 17,154.30 points.
According to government data, released on Monday, the retail inflation decreased marginally to 6.44 per cent in February, mainly due to a slight easing in prices of food and fuel items. 
Banks and traders in India have been asked to avoid payment settlements for Russian imports in the Chinese yuan till the time ties between India and China improve.
Parliament Budget Session: The second leg of the Budget session of Parliament began on Monday (March 13) and will continue till April 6. The BJP-Congress slugfest escalated on the first day of the second leg of the Budget Session with the BJP MPs seeking an apology from Gandhi and counter-slogans from the Opposition benches demanding a Joint Parliamentary Committee (JPC) probe into the Adani-Hindenburg issue. After obituary references in the House, Defence Minister and Deputy Leader of the Lok Sabha Rajnath Singh stood up and charged that Gandhi has tried to defame India in London through his remarks on Indian democracy. The Opposition Congress protested strongly too and came to the well of the House. Meanwhile, the focus of the second part of the Budget Session will be on demand for grants and passage of the Union Budget. As per the records, about 26 Bills are currently pending in the Rajya Sabha and close to 9 in the Lok Sabha for passage. Two Bills - The Multi-State Co-operative Societies (Amendment) Bill, 2022 and The Jan Vishwas (Amendment of Provisions) Bill, 2022 were referred to a Joint Committee by the government last Winter Session and they are currently being examined by the panel. The government will also list The Biological Diversity (Amendment) Bill, 2021, which was scrutinised by a Joint Committee of Parliament. 
Ki Young Ju, the CEO and co-founder of CryptoQuant, has tweeted that there will be a massive $1 billion worth of buying pressure on Bitcoin (BTC), Ethereum (ETH), and Binance Coin (BNB). Ju's announcement was based on a tweet by Binance, the leading cryptocurrency exchange in daily trading volume, which stated that it would convert the remaining $1 billion Industry Recovery Initiative funds from BUSD to native cryptos including BTC, BNB, and ETH.
The Union Territory of Jammu and Kashmir has been allocated a budget of ₹1.18 lakh crore for the year 2023-24, with a focus on providing housing in rural areas and water tap connections to 18.36 lakh households. Finance Minister Nirmala Sitharaman presented the budget on Monday in the Lok Sabha, while Union Minister of State for Finance Pankaj Chaudhary tabled it for the Union territory of Jammu and Kashmir.
A report from Challenger, Gray & Christmas, a firm that provides outplacement services to executives, reveals that in the past two months, a number of companies in the United States have cut jobs due to concerns over a global recession, resulting in more than 180,000 employees losing their jobs. In January, US companies cut 1,02,943 jobs, while 77,770 staff cuts were made in February. Among them, technology companies cut 21,387 jobs in February, accounting for 28% of all cuts.

Gold prices skyrocket in India on Tuesday

Tuesday 14 March 2023 11:38 AM UTC+00
Gold prices today: The gold market in India has seen a significant surge in prices in the last 24 hours. As of Tuesday, 14th March, the cost of 24 carat gold (10 grams) has risen to Rs 57,220, while 22 carat gold (10 grams) is priced at Rs 52,450.
Nirman Agri Genetics IPO subscription will open on Wednesday, March 15. Nirman Agri Genetics is a specialized agri-input provider. The subscription window will close on March 20.
After shutting down two banks in last week, New York regulators shut down another significant one in the crypto industry, the Signature Bank. US Treasury Secretary Janet Yellen, Federal Reserve Board Chair Jerome Powell and Federal Deposit Insurance Corporation (FDIC) Chairman Martin Gruenberg said in a joint statement that all depositors of Signature Bank 'will be made whole'.
Sensex tumbled over 900 points on Monday to settle at 58,237.85 due to a massive sell-off in banking, finance and auto stocks as markets across the world continue to face the consequences of the Silicon Valley Bank collapse. Nifty too declined 258.60 points to settle at 17,154.30 points.
According to government data, released on Monday, the retail inflation decreased marginally to 6.44 per cent in February, mainly due to a slight easing in prices of food and fuel items. 
Banks and traders in India have been asked to avoid payment settlements for Russian imports in the Chinese yuan till the time ties between India and China improve.
Parliament Budget Session: The second leg of the Budget session of Parliament began on Monday (March 13) and will continue till April 6. The BJP-Congress slugfest escalated on the first day of the second leg of the Budget Session with the BJP MPs seeking an apology from Gandhi and counter-slogans from the Opposition benches demanding a Joint Parliamentary Committee (JPC) probe into the Adani-Hindenburg issue. After obituary references in the House, Defence Minister and Deputy Leader of the Lok Sabha Rajnath Singh stood up and charged that Gandhi has tried to defame India in London through his remarks on Indian democracy. The Opposition Congress protested strongly too and came to the well of the House. Meanwhile, the focus of the second part of the Budget Session will be on demand for grants and passage of the Union Budget. As per the records, about 26 Bills are currently pending in the Rajya Sabha and close to 9 in the Lok Sabha for passage. Two Bills - The Multi-State Co-operative Societies (Amendment) Bill, 2022 and The Jan Vishwas (Amendment of Provisions) Bill, 2022 were referred to a Joint Committee by the government last Winter Session and they are currently being examined by the panel. The government will also list The Biological Diversity (Amendment) Bill, 2021, which was scrutinised by a Joint Committee of Parliament. 
Ki Young Ju, the CEO and co-founder of CryptoQuant, has tweeted that there will be a massive $1 billion worth of buying pressure on Bitcoin (BTC), Ethereum (ETH), and Binance Coin (BNB). Ju's announcement was based on a tweet by Binance, the leading cryptocurrency exchange in daily trading volume, which stated that it would convert the remaining $1 billion Industry Recovery Initiative funds from BUSD to native cryptos including BTC, BNB, and ETH.
The Union Territory of Jammu and Kashmir has been allocated a budget of ₹1.18 lakh crore for the year 2023-24, with a focus on providing housing in rural areas and water tap connections to 18.36 lakh households. Finance Minister Nirmala Sitharaman presented the budget on Monday in the Lok Sabha, while Union Minister of State for Finance Pankaj Chaudhary tabled it for the Union territory of Jammu and Kashmir.
A report from Challenger, Gray & Christmas, a firm that provides outplacement services to executives, reveals that in the past two months, a number of companies in the United States have cut jobs due to concerns over a global recession, resulting in more than 180,000 employees losing their jobs. In January, US companies cut 1,02,943 jobs, while 77,770 staff cuts were made in February. Among them, technology companies cut 21,387 jobs in February, accounting for 28% of all cuts.

Gold prices skyrocket in India on Tuesday

Tuesday 14 March 2023 11:38 AM UTC+00
Gold prices today: The gold market in India has seen a significant surge in prices in the last 24 hours. As of Tuesday, 14th March, the cost of 24 carat gold (10 grams) has risen to Rs 57,220, while 22 carat gold (10 grams) is priced at Rs 52,450.
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