Silicon Valley Bank shut down by California

Silicon Valley Bank had about $209 billion in total assets and about $175.4 billion in total deposits, as of Dec. 31, 2022.

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Tata Technologies files IPO papers with Sebi

The IPO is being launched by way of an offer for sale (OFS) of up to 95,708,984 equity shares, representing approximately 23.60% of its paid-up share capital.

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Is Silicon Valley Bank’s swoon a recession signal?

A bank in Silicon Valley, California, which is the parent company of Silicon Valley Bank, raised money on short notice to avoid having to cut jobs in the technology and startup industries. This has caused the stock prices of other banks to drop, as investors become more cautious.

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AM Scoop: Binny Bansal eyes $100 -150 million stake in PhonePe; Draft Digital India Bill to be ready by July

It’s Friday and we are breaking a big story as we roll into the weekend. Flipkart cofounder Binny Bansal is eyeing an over $100 million stake in online payments major PhonePe. The deal is in the works, per sources.

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Flipkart cofounder Binny Bansal looks to recharge PhonePe with $100-150 million investment

PhonePe deal to be among largest individual investments in a new-age firm; Bansal also finalising $25-30 million funding in Curefoods.

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Still buffering in Bangalore: resetting expectations in Startup town

What started eight months ago, with investors asking for profitability, tighter control on costs and unit economics, to layoffs and downsizing, has now turned into a full static mode for the past few months. To add to this, a bunch of companies have seen major corporate governance lapses, highlighting how the excesses of previous years are throwing up concerns about basic business fundamentals.

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Sam Bankman-Fried's lawyers say October trial may need to be delayed

In January, Bankman-Fried pleaded not guilty to the original eight counts that he cheated investors and caused billions of dollars in losses, in what prosecutors have called an "epic" fraud.

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