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Renowned industrialist Keshub Mahindra, the Chairman Emeritus of the industrial conglomerate Mahindra Group, passed away here on Wednesday morning, an official said. He was 99 and breathed his last peacefully at his home.

Oil prices have surged after several of the world's largest oil exporters announced surprise cuts in production. The price of Brent crude oil was trading above $84 a barrel in Asia after jumping by more than $4, or 5 per cent, the BBC reported.

New York-based investment firm BlackRock in a private assessment has slashed the valuation of edtech major BYJU's to $11.15 billion from its $22 billion valuation that the company keeps referring to, according to a report in The Arc, citing the filings.

Globally too the markets rallied up with foreign institutional investors (FII) being the net buyers. However, volatility in the market will continue owing to the banking crisis in the US and Europe, they added.

According to the findings by a working group constituted by the Reserve Bank of India (RBI), between 2017 and 2020, the quantum of loans disbursed, rose from Rs 11,671 crore to Rs 1,41,821 crore, i.e. a 12-fold rise.

Corporate insolvency resolution process (CIRP) was initiated in the cases of DHFL, ABG Shipyard and Bhushan Power and Steel (BPSL), and resolution plans were approved in cases of DHFL and BPSL, with amount realisable to creditors of Rs 37,167 crore and Rs 19,895 crore, respectively.

Asian markets fell on Monday and European markets were trying to recover after a negative opening as steps taken by central banks to boost liquidity and a deal to rescue Credit Suisse failed to quell investor worries of severe turbulence in the banking sector.

"We expect gold to gain further and touch new highs in the next few months. Domestically, it is expected to trade in the range of Rs 61,000-62,000/10gm. Internationally, it may scale levels of $2,050-2100/oz," he added.

Wall Street stocks have fallen, dragged down by banks. The S&P 500 financial sector index has lost 2.2 per cent while the KBW regional banking index has tumbled 3.8 per cent, the media reported.

Sources said that nearly 2,100 employees meet the criteria to avail of the latest voluntary retirement offer. Air India's current workforce stands at nearly 11,000, which includes flying and non-flying staff.

Over 150 staffers of the Kerala-based Federal Bank staged a noisy demonstration outside its corporate office in the Bandra Kurla Complex here on Friday to protest against the management's harassment tactics and related issues, union leaders said.

He shall take over as the Chief Executive Officer and Managing Director of the Company in the next financial year, subject to shareholder's approval, effective date of which would be intimated in due course.

Credit Suisse shares crashed more than 20 per cent in Zurich, dragging down European bank stocks along with it. US stock futures fell Wednesday morning after rallying strongly on Tuesday.

In a Facebook post, Zuckerberg said overall, "we expect to reduce our team size by around 10,000 people and to close around 5,000 additional open roles that we haven't yet hired" in the company's "year of efficiency".

Asian stocks fell broadly on Tuesday, dragged down by banking shares, as fears over the fallout of Silicon Valley Bank's collapse gripped the market despite US government efforts to stabilize the financial system, media reports said.

India's Wholesale Price Index (WPI)-based inflation in February 2023 fell to a 24-month low of 3.85 per cent, according to data released by the Commerce Ministry on Tuesday.

"Sustainability has been at the core of G20 agenda for several years now, the core of all multilateral and bilateral engagements over the last few years, but for India, sustainability is a way of life," he said.

US President Joe Biden's words of reassurance on Monday have done little to calm markets as "worries raced around that other smaller US banks could become the latest dominos to fall", as per an expert, media reports said.

"Health Ministry has taken note of malpractices reported in the sector which lead to concerns over data privacy, sales of medicines without prescription, and predatory pricing," the source added.

The Delhi High Court had earlier issued summons to Grover and his wife Madhuri Jain Grover on a suit filed by the company seeking to restrain them from making defamatory statements against the fintech firm, which has accused the couple of misappropriating funds.

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".

Hoping to allay their clients' apprehensions, the SVC Bank issued a statement late on Saturday pointing to the case of a 'mistaken' identity and clarifying that it had no links with the SVB, USA, and even threatened legal action against mischief mongers.

CIL had in May 2022 said that it is planning to divest 25 per cent stake in its unlisted arm BCCL and go for the subsequent listing of the subsidiary on stock exchanges after obtaining further clearances.

Global defence aerospace player Lockheed Martin and Indias Tata Group have inked an agreement for the production of fighter plane wings at their joint venture Tata Lockheed Martin Aerostructures Ltd (TLMAL) in Hyderabad.

Recently, Wilson had informed that incidents surrounding unruly behaviour by inebriated passengers are quite frequent, adding that the airline has now got strict and is reporting all such cases of unruly behaviours.