Insurers, pension companies must back startups: Amitabh Kant

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New KRAs added to CPSE brass' appraisal

Implementation of revised appraisal guidelines means that chairman and managing director as well as other top-level officials of a CPSE could lose their performance-related pay (PRP) in case they are unable to meet their target in key result areas (KRAs) including rationalisation of subsidiaries or joint ventures, market capitalisation improvement goals, return on capital employed, asset turnover ratio.

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'Nifty index to snap seven-year winning run'

The BofA Global Research analysts expect the Nifty 50 index to end the year at around 18,000 points, about 5.5% higher than current levels but roughly flat with end-2022. The brokerage cut its year-end target for the Nifty by 8.3% to 18,000, implying a 0.6% drop for the year after seven straight years of gains of 3%-29%. The Nifty has fallen about 6% so far this year.

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Bitcoin soars 40% in 10 days as bank turmoil sparks crypto rally

Bitcoin rose 26% last week, its best weekly gain since April 2019, and has soared some 40% in 10 days as turmoil in the banking sector rippled around the globe - culminating, so far, in UBS Group's takeover of rival Credit Suisse Group AG over the weekend.

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India’s steadying economy shows signs of weakening consumption

India’s economic growth unexpectedly slowed to 4.4% in the three months to December. Economic expansion may be under pressure as the “full-blown impact” of the Reserve Bank of India’s 250 basis point hike in borrowing cost since May gets transmitted to end-consumers, Crisil Ltd., the local unit of S&P Global Ratings, said in a report.

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US stocks end higher but First Republic shares tumble again

The stock market rose on Monday after Swiss bank UBS agreed to a takeover of troubled rival Credit Suisse. The Federal Reserve and other major central banks unveiled a coordinated effort to improve banks' access to liquidity - with the special drive being launched on Monday. The Dow Jones Industrial Average jumped 1.2 percent to end at 32,244.58, while the broad-based S&P 500 Index rose 0.9 percent to 3,951.57.

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FDIC to break up SVB after failing to find buyer last week

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India to be growth engine: Samsung

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Agri Ministry ropes in Nafed for promotion of millets

It will also establish a millets' experience centre at Delhi Haat, to promote nutritious millets and create awareness on the rich history of India through millet-based dishes. Nafed will extend marketing linkage to millets-centric startups, it added.

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