Sri Lanka looks set to get a sign-off on a long-awaited $2.9 billion four-year bailout from the International Monetary Fund (IMF) on March 20 after the crisis-hit country secured new financing support from China. The IMF and the island nation confirmed on Tuesday that Sri Lanka
IOB celebrates Women’s Day
Indian Overseas Bank Celebrated Women’s Day from 1 to 8 March as advised by Department of Financial Services, Government of India. A press release said that the week-long celebration included special events for Women employees all over India
WhatsApp rolling out ‘Push name within chat list’ feature on iOS beta
Meta-owned messaging platform WhatsApp is rolling out a new “Push name within the chat list” feature on iOS beta. Beta testers will now see push names within the chat list instead of the phone numbers every time they receive a message
Kotak Bank has small exposure to Adani
Private sector lender Kotak Mahindra Bank has a ”small exposure” to the embattled Adani Group which has been made in line with its credit philosophy, a senior official has said. Paritosh Kashyap, president and head for wholesale banking
SBI raises Rs 3,717 crore via bond issuance
he State Bank of India (SBI), the country’s largest lender, has raised Rs 3,717 crore through its third Basel III compliant Additional Tier 1 bond issuance in the current financial year on Wednesday, at a coupon rate of 8.25 per cent.
Kauvery Hospital gets $70 mn from PE fund managed by IIFL AMC
Sri Kauvery Medical Care (India) Limited (Kauvery Hospitals), has successfully raised equity funding of $70 mn from private equity fund managed by IIFL Asset Management Limited (IIFL AMC) for a minority stake. Kauvery Hospitals, a leading hospital chain in South India,
Indian telecom market sees 36% value growth in offline retail
The Indian telecom market saw 36 per cent value growth in offline retail last year, and 2023 is expected to be stable with value-driven growth for the domestic telecom market compared to 2022, a report said on Thursday.
TikTok unveils paywalled content for creators to make money
Chinese short-video making app TikTok has introduced paywalled content where creators will be able to put premium content behind paywalls for their viewers to purchase. Creators will be able to set their rates from $1 to $190, and their viewers can buy
Spotify to soon launch ‘Discover Mode’ in India
Music streaming platform Spotify has announced new features for creators and fans at its “Stream On” event in Los Angeles on Wednesday, including “Discovery Mode” which will soon be launched in India. Discovery Mode is a tool
Little deterioration in mental health linked to pandemic: Study
According to a study published in The BMJ, mental health in the general population has not altered much throughout the covid-19 pandemic compared to pre-pandemic levels. Some specific groups, particularly women, appear to have been more negatively
