ReutersNazara informed that both the companies -- Kiddopia Inc and Mediawrkz Inc -- have been given unrestricted access to the entire amount of USD 7.75 million (Rs 64 crore) that was held at SVB.
Wednesday, 15 Mar, 2023- Front Page
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D-Street Indices Extend Losses for Fourth DayIndian shares retreated on Tuesday, extending losses for the fourth straight session amid a selloff in global equities with investors panicking that the fallout from the collapse of two American banks may have a ripple effect on the world economy.
Summer Rush: Consumer Cos’ Production in Top GearFor the first time in 18 months, consumer goods companies are ramping up production — anticipating a pick-up in demand — particularly for ‘summer products’ due to higher-than-usual temperatures.
Govt Urges SVB-hit Cos to Bank LocallyDomestic startups must “trust the Indian banking system more,” according to top lawmaker Rajeev Chandrasekhar, who also assured them of the Centre’s support to “navigate” the fallout from the abrupt collapse of US lender Silicon Valley Bank (SVB).
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