- Asian Private Bankers Go on Blitz to Calm Private Credit Nerves March 16, 2026Private bankers across Asia are scrambling to contain client anxiety as redemption pressures ripple through the $1.8 trillion private credit market, even in a region seen as more insulated from the recent turmoil.
- Bankman-Fried’s Mom Told to Not Call Court on Son’s Behalf March 16, 2026FTX co-founder Sam Bankman-Fried’s mother may have been a law professor at Stanford University. But the judge who sentenced her son to 25 years in prison said she can’t act on his behalf in his bid for a new trial.
- Mark Zuckerberg's tech firm Meta's shares jump on report of plans to cut 20% or more of workforce March 16, 2026If Meta settles on the 20% figure, the cuts will be the biggest since a late 2022 and early 2023 restructuring it dubbed the ‘year of efficiency’, which eliminated around 21,000 jobs.
- Reliance signs $3 billion deal with Samsung C&T for 15-year supply of green ammonia — here's all we know March 16, 2026Reliance Industries has signed a $3 billion agreement with South Korea's Samsung C&T to supply green ammonia for 15 years, beginning in H2FY29. Here's all you need to know about the supply and purchase agreement.
- OpenAI courts private equity to join enterprise AI venture, sources say March 16, 2026OpenAI is in advanced talks with private equity firms to form a JV that would distribute its enterprise products across the firms' portfolio companies and beyond, sources told Reuters.
- Revamped Stand-Up India scheme soon: Nirmala Sitharaman March 16, 2026Replying to a supplementary question in the Lok Sabha, Sitharaman said the modified programme would incorporate lessons from the earlier scheme, which was discontinued in April 2025 after nine years. "With studies done by Niti Aayog and others, this scheme is being redrafted and soon the Cabinet will be given a proposal with which we will launch a new s […]
- Exporters, freight forwarders seek government help as war surcharges on cargo surge March 16, 2026Amid escalating geopolitical tensions, Indian exporters and freight forwarders are appealing for government support. Shipping lines worldwide are imposing significant war-risk surcharges on Middle Eastern shipments, often doubling the previously established rates.
- Bank-NBFC co-lending pacts may be expanded to aid MSMEs March 16, 2026A parliamentary panel suggests boosting bank and NBFC co-lending to help MSMEs access cheaper credit. It also proposes listing profitable regional rural banks and reinforcing state-run general insurers. The committee highlighted a significant credit gap for small businesses and a decline in insurance penetration. Recommendations include developing climate ri […]
- Easier FDI norms notified for border country investors March 16, 2026India has updated its foreign direct investment policy. Investments from countries sharing a land border now face stricter government scrutiny. Overseas companies with up to 10% Chinese shareholding can invest via the automatic route, subject to limits. However, entities registered in China or other bordering nations require government approval. This change […]
- RBI seeks banks’ views on AI-based facial recognition tools at ATMs, branches to curb fraud March 16, 2026As per the draft guidelines, a bona fide victim, being an individual person and having lodged a complaint involving gross loss of an amount up to Rs 50,000 on account of fraudulent electronic banking transaction (s), would be compensated 85% of the net loss amount (calculated after reducing recoveries made, whether before or after paying the compensation, fr […]
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