PEs and VCs are taking a closer look at their bouquet of investments.Leading voices in the sector are categorical that cash-burn rates — that’s blowing up equity to acquire market share — as a business model can’t continue to be the polestar. The mess on account of the failures of the Silicon Valley Bank, Signature Bank and the epitaph of […]

‘The aim is also to probe how the ministry and testing agencies made negligence in examining these OEMs, so that such negligence is avoided in the future.’ After initiating a probe into the import of components by electric two-wheeler makers following allegations of wrongly claimed subsidies under the FAME scheme, the Ministry of Heavy Industries (MHI) is widening the investigation […]

Amazon announced that its cloud computing unit Amazon Web Services or AWS, despite having $85 billion annualized revenue run rate, faces short-term headwinds right now. According to the e-commerce and tech major, the companies who opt for AWS services are being more cautious in spending amid the challenging, current macroeconomic conditions. Meanwhile, a filing with the U.S. Securities and Exchange […]

Blink-182 will hit the stage tomorrow night as a last-minute addition to the 2023 Coachella Valley Music & Arts Festival, marking Tom DeLonge, Mark Hoppus and Travis Barkerj’s first appearance together since 2014. The band’s Coachella appearance, set for Friday evening, April 14, on the festival’s Sahara stage, went unannounced until late last night when Coachella posted Friday’s itinerary on […]

The U.S. Department of Transportation has released its updated February 2023 Air Travel Consumer Report (ATCR), which includes airline consumer complaint data for December 2022 and calendar year 2022. In December 2022, DOT received 16,876 airline service complaints from consumers, the third highest total for one month on record. More than half of the complaints were against Southwest Airlines. DOT […]

The share of non-resident Indians (NRIs) and overseas investors in Indian mutual funds has been declining over time, despite adding half-a-trillion rupees to holdings over the last five years. Mutual fund holdings for the segment went up from Rs 0.95 trillion as of December 2018 to Rs 1.54 trillion as of December 2022, shows Business Standard analysis of data from […]

If a bank shuts down, every account holder it has will get back their money for a maximum limit of Rs 5 lakh.It was Rs 1 lakh before. American regulators shut down Silicon Valley Bank on March 10, allowing depositors access to their money three days later. Reforms have made India’s deposit insurance framework banking safer, but more may need […]

This article was written with the assistance of A.I. technology, and has been edited and fact-checked by Colman Andrews. The Vietnam War was the deadliest war of the 1960s, extending into the ‘70s, according to the PRIO Battledeaths Dataset, produced by the Peace Research Institute Oslo, an independent conflict research and policy institute. An estimated 1,461,050 people were killed in […]

EXCLUSIVE: Rachel Nichols is looking to provide some “quiet time” for both basketball stars and viewers with her new Showtime series, Headliners. The host known for her past stints at ESPN and Turner is channeling her basketball knowledge and Rolodex for the new series. On Thursday’s premiere, she will sit down with Joel Embiid, the Philadelphia 76ers star and favorite […]