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SVB fallout: Sensex tanks 900 points and Nifty tests 17k as US bank’s collapse panics investors

Virendra Pandit   New Delhi: Although the Indian startup ecosystem is relatively free from the contagion’s likely spread across the US after last week’s collapse of America’s 16th largest bank, Silicon Valley Bank, the fears of a banking sector crisis led to Sensex losing nearly 900 points and Nifty testing 17,000 on Monday. Senses closed […]

Image makeover: A year after turmoil, China assures Colombo of IMF bailout

Virendra Pandit   New Delhi: Nearly a year after Sri Lanka declared default amid widespread economic and political turmoil—which ended the China-friendly Rajapakse dynasty’s long stranglehold on the island nation—Beijing has mercifully assured Colombo to support Sri Lanka’s debt restructuring. This comes days after China similarly assured its ‘all-weather friend’ Pakistan also as a face-saver […]

Roving Periscope: Amid multiple challenges and lower GDP growth, China hikes defense budget

Virendra Pandit   New Delhi: With US President Joe Biden and many other American leaders, cutting across party lines, warning against China’s increasing hegemony and belligerence, Beijing has increased its defense budget for 2023 by 7.2 percent despite its lowest economic growth in 25 years in a post-Covid recovery year. According to the media reports, […]
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