Bizz

The banking sector seems to be hit by a pandemic. The crisis so far has been mostly contained to the US, and the European market. After the collapse of two US banks - Silicon Valley Bank (SVB) and Signature Bank - another bank, Credit Suisse, is facing a financial crisis.

Over the weekend, you must have heard of a bank crash in the US. By Monday, there was news of another bank crashing. While the collapse of two banks - Silicon Valley Bank and Signature Bank - has turned the market in the US upside down, here's how the story is unravelling in India.

Shark Tank Season 2 has been winning over audiences much like its predecessor. But with fan-favourite judge and BharatPe founder Ashneer Grover not included in the judging panel, some fans grew disappointed when the season debuted early this year. Now, another talking point around it is the current financial status of its judges and their companies. 

Adani Enterprises on Wednesday announced the withdrawal of its Rs 20,000-crore follow-on public offer (FPO) hours after shares of Adani Group of companies saw a huge crash on Wednesday, triggering volatility in the share market.

Japanese multinational SoftBank was about to enter a deal with Indian car servicing startup GoMechanic but now the deal seems to be off the table given how GoMechanic's own co-founder has admitted to lapses in financial reporting, and has gone on to fire 70% of the company's workforce. 

Be it for the memes or the judges, Shark Tank India's debut season was a huge hit among audiences. Currently in its second season, the financial reality show continues to amass a large viewership. But getting to the business side of it, some companies and startups did manage to increase their valuation and public image significantly with the newfound fame that the show gave them.

Tata Sons Group is on a blazing trail to turn Air India's operations around. In the latest, Air India is reportedly close to placing an order for as many as 500 aircraft, the largest ever in the history of aviation if the order goes through.

The RBI on Tuesday (November 29) announced the launch of the first pilot for retail digital rupee on December 01, 2022. The digital currency will be first launched in Mumbai, New Delhi, Bengaluru, and Bhubaneswar on December 1, and will later be expanded to nine more cities in the initial phase.

The RBI on Tuesday (November 29) announced the launch of the first pilot for retail digital rupee on December 01, 2022. The digital currency will be first launched in Mumbai, New Delhi, Bengaluru, and Bhubaneswar on December 1, and will later be expanded to nine more cities in the initial phase.

The Food Safety and Standards Authority of India (FSSAI) is considering enforcing all packaged foods manufacturers to print warning labels on the front of all snacks and sweet packages with a star rating.