Do Amanda, Clay and their family survive in 'Leave The World Behind'? Ending explained
am Esmail, the creative mind behind Mr. Robot, takes audiences on a suspenseful journey in his apocalyptic thriller, where two families are thrust together in the face of an impending disaster that seems to signal the end of the world. As viewers grapple with the chilling narrative, questions arise: Do the two families manage to survive the impending doom? Key Points
Economic TimesSwiss regulator says two banks' crisis plans are insufficient
It said ZKB has not yet built up the required capital in full and that PostFinance must realign its emergency planning. The assessment released by FINMA gauged the emergency plans of Switzerland's main banks as they stood at the end of 2022. It does not therefore take into account Credit Suisse's merger with UBS. Key Points
Economic TimesBiden to defend US banking system after SVB, Signature collapse
The moves sent waves of relief through Silicon Valley and made stock futures rally, but the crisis is testing confidence in the U.S. financial system and fears remained the fallout would roil global markets in the week to come. Key Points
The Indian ExpressOscars adds ‘crisis team’ to 2023 show after Will Smith-Chris Rock ‘slapgate’
Will Smith slapped Chris Rock at the 2022 Oscars while the latter was presenting the best documentary feature category. Rock made a controversial joke about Jada Pinkett Smith's bald head, which she shaved following an alopecia diagnosis. Key Points
The Indian ExpressView: Banking sector recovery has given leg up to GDP growth
A good starting point for understanding the contemporary banking landscape in India is the policy response to the global financial crisis (GFC). Rightly anticipating the spillover effects of the GFC, the Indian policymakers announced several counter-cyclical measures starting in August 2008. Key Points
Economic Times
Stock Market LIVE: Sensex up, Nifty holds 17K; HCL Tech, HAL soar, PSU banks lag
Share market LIVE updates: Indian shares advanced on Friday, aided by financials, tracking a rebound in peers after a slew of measures to support the global banking system eased worries about a crisis. At 11am, Sensex was up 223.64 pts at 57858.48, and Nifty rose 72.40 pts to 17058 Key Points
mintBe it GFC or Covid crisis, India has emerged as anti-fragile and come out much stronger: Sumit Poddar
Global sentiments continue to be soft. In such a scenario, it is better to focus on the domestic sectors. Manufacturing or capital goods sectors are likely to see a much better situation as compared to global exports. Within that, in order to save the portfolio, maybe in order to be defensive, FMCG continues to look better from a medium-term perspective. Key Points
Economic TimesAnother way to play the real estate boom? 6 home finance stocks with an upside potential of up to 33%
The NBFC crisis of 2018 has just completed its 5 years. If one looks at the root cause of the NBFC crisis, beside the lending issues by Yes Bank, it was housing finance companies which were at the centre of the crisis. If one looks globally also, either directly or indirectly, they have been at the root of a financial crisis or a scam. One of the reasons why this sector carries such risk is that the underlying asset, which is real estate itself, is both cyclical and non-transparent. So, now when the real estate market is in uptrend, are the housing finance companies a way to play that up move? Key Points
Economic TimesPossible outliers; 6 NBFCs with strong parentage have upside potential of up to 35%
In India, there is history to all the major regulatory overhauls. It is a scam which brings in a crisis and that makes our regulators rework on the operating guidelines for that sector. Right from 1992 Harshad Mehta scam, which gave SEBI its teeth, in 2000 it was Ketan parekh scam which brought in major changes on trading instruments and how trades are settled. After the NBFC crisis in 2018. Regulatory changes happened across the board in the financial sector. Whether it was NBFC or bank space, the post NBFC crisis made life tough for all players. But after all the mayhem, things have turned out better for some. Key Points
Economic TimesJamie Dimon says banking crisis has increased the odds of a recession
Only a handful of lenders have the problems that toppled Silicon Valley Bank, and when the industry starts reporting quarterly earnings next week, the numbers will probably be good, JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon told CNN in an interview Thursday. Asked if more bank failures might come, he said he didnt know. “But if there are, I know honestly theyll be resolved and it will probably be the last of them,” Dimon said. “I think were getting near the end of this particular crisis.” Key Points
Economic Times
Sensex sheds 360 points, Nifty closes below 17,000 amid global rout in equities
The 30-share BSE Sensex declined by 360.95 points or 0.62% to close at 57,628.95 as 23 of its stocks ended in the red. Key Points
The HinduIndia's exports may reach $450 billion this fiscal: New FIEO president
India's merchandise exports are projected to hit USD 450 billion this fiscal, overcoming challenges like the Red Sea crisis. FIEO President Ashwani Kumar emphasized the need for marine insurance, reasonable freight charges, easy credit for MSMEs, and concluded free trade agreements to boost exports. Despite obstacles, exports rose 12% in February. Key Points
Economic TimesIndia tells Brics meet to seriously address Palestinian concerns
We are gathered to discuss the deeply concerning situation in the Middle East, with a particular focus on Gaza. South Africa has rightly taken the initiative to convene the Brics, and also to include those who would be part of the group in due course, External affairs minister S Jaishankar said while representing Prime Minister Narendra Modi at the extraordinary Brics meet on Israel-Hamas crisis that was held virtually. Key Points
Economic TimesMaking a comeback? 6 home finance stocks with upside potential of up to 33%
Housing finance is a business where perception is that because it is largely secured lending, chances of companies going down under are very low. But if one looks at the history, there are enough local companies and global corporations which have gone down under in the housing finance space. Despite all the ills, one of the biggest wealth creators in the history of the Indian stock market has been a housing finance company, erstwhile HDFC which now merged with HDFC bank. So, it is a business which is good to own but what you choose to own matters most. Key Points
Economic TimesSensex tumbles 800 points even after Credit Suisse bailout. 5 factors behind the selloff
Even as Swiss regulators averted a financial crisis by negotiating a $3.25 billion buyout of troubled Credit Suisse by rival UBS, investors are worried about the domino effect in the global banking system. Key Points
Economic Times
SVB collapse: 3 reasons why US bank crisis could be blessing in disguise for Nifty bulls
The SVB episode has sparked fears of a financial crisis leading to a drop in crude oil price. While WTI sank to its lowest level since December, Brent dipped to its lowest level since early January. As India imports most of its oil requirements, a fall in crude oil rates is seen as a positive for India. Key Points
Economic TimesSupreme Court weighs landmark Purdue Pharma settlement impacting opioid crisis
The Supreme Court weighs a pivotal Purdue Pharma settlement shielding the Sackler family from opioid crisis lawsuits. The $6 billion agreement, aimed at combatting the epidemic, faces scrutiny over extending bankruptcy protection to non-bankrupt individuals. Supporters view it as crucial, while critics decry special treatment for the Sacklers. The verdict, expected by summer, could reshape opioid litigation, offering direct payouts to victims and addressing the impact of OxyContin's marketing on the crisis. Key Points
Economic TimesSilicon Valley Bank collapse: Who is Greg Becker? 5 points
Becker who started his journey at SVB three decades ago, was appointed the group's president and CEO in 2011. He also co-founded SVB Capital, the company's investment arm and played a prominent role or the firm during the 2008 global financial crisis. Key Points
Hindustan TimesItalian town rocked by series of earthquakes triggered by supervolcano
A 4.2 magnitude earthquake on September 27, the strongest jolt in more than 40 years to rattle the volcanic field, sparked fears that what scientists call a "seismic crisis" may be underway for the first time since the early 1980s. Key Points
India TodayBacking of a strong parent: Beside’s Jio financial 7 such stocks with upside potential of up to 35%
If one looks at the survivor of the NBFC aftermath of 2018, it is very clear that a strong parentage was the common factor among the NBFC’s which not only survived the crisis but also thrived post crisis. A number of them belong to industrial groups from the southern and western part of India. Is it because they are focussed on the southern and western part of India which is more prosperous or they are more focussed on systems and processes ensuring that their loan book grows slowly but sustainably. Key Points
Economic Times
Stringent Norms Shielded Indian Markets From Global Financial Crisis, Says Helios' Samir Arora
Despite the banking crisis in the U.S., Arora remains confident about the Indian market and is becoming more optimistic. Key Points
BQ PrimeThe risk of a 'Lehman moment' in China is rising, says Jefferies' Chris Wood
The risk of a 'real Lehman moment' occurring in China is increasing due to a growing shadow banking crisis in the country, warned Chris Wood, Jefferies' global strategist. Chinese asset manager Zhongzhi's failure to make interest payments is likely just the beginning, Wood said in a newsletter. Another significant concern is that Chinese equities remain a value trap. Furthermore, the anti-corruption campaigns initiated by President Xi Jinping have dampened entrepreneurial spirits, along with last year's Covid-19 lockdowns. Key Points
Economic TimesAsian shares ride high in Q1 but steel for US inflation data
MSCI's broadest index of Asia-Pacific shares outside Japan jumped 1% on Friday, heading for its first March gain in four years with a rise of 2.9%, as fears of a global banking crisis receded. Key Points
FinancialexpressWhy Nifty, Sensex, Bank Nifty rose today; What is boosting investors’ confidence amid global banking contagion
On Wednesday, the NSE Nifty 50 surged 100 pts or 0.6%, hitting an intraday high of 17,207.25; BSE Sensex climbed 350 pts to a day’s high of 58,418.78 and Bank Nifty rose 0.5% to 40,085.60. Key Points
FinancialexpressAfter Putin, Meloni says India can resolve Russia-Ukraine conflict
Italian Prime Minister Giorgia Meloni on Saturday said countries like India and China could play a role in resolving the conflict in Ukraine. Meloni’s remarks, made at the Ambrosetti Forum in northern Italy’s Cernobbio city on Saturday — where she also held a meeting with the visiting Ukrainian President Volodymyr Zelenskyy — came less than 48 hours after Russian President Vladimir Putin also highlighted India’s efforts in solving the ongoing crisis in the region. Key Points
The Tribune
Red Sea crisis could spike inflation & lower growth, but other routes have own issues, says govt
Sectors like fertilisers, oil, auto, chemicals, textiles & metals could be further affected, it warns in monthly report. Diversifying trade routes could lower competitiveness of exports. Key Points
ThePrintBetter placed for recovery? 6 housing finance stocks with an upside potential of up to 30%
Housing finance as an industry had its fair share of controversies. If one looks at the root cause of the NBFC crisis, it is clear, it was housing finance companies which were at the centre of the crisis. If one looks globally also, either directly or indirectly, they have been at the root of a financial crisis or a scam. One of the reasons why this sector carries such risk is that the underlying asset, which is real estate itself, is both cyclical and non-transparent. Despite all the ills, one of the biggest wealth creators in the history of the Indian stock market has been a housing finance company, erstwhile HDFC which now merged with HDFC bank. So, while they must have a portfolio, what you own is more important. Key Points
Economic TimesChina's envoy to Middle East says lack of guarantees for Palestinian rights caused Israel-Hamas war
In Qatar, China's envoy Zhai Jun reaffirms Beijing's alignment with Russia to help de-escalate Israel-Hamas war. crisis has also increasingly put China, Russia in separate camps from US. Key Points
ThePrintSri Lanka lifts import limits on 286 items as crisis eases
Sri Lanka secured a $2.9 billion bailout from IMF that helped to rebuild its foreign exchange reserves. Key Points
mintCredit Suisse wouldn’t have lasted another day, minister says
The impact of a disorderly bankruptcy may have been as much as double Swiss economic output, the minister said, citing expert estimates. More broadly, “we should have expected a global financial crisis” as “the crash of CS would have sent other banks into the abyss.” Key Points
Economic Times
US, European stocks rise after Credit Suisse-UBS deal
The S&P 500 up 0.9%, Dow Jones gains 1.20%. The European STOXX 600 index closes 0.98% higher Key Points
mintUniversal Basic Income does not cause inflation
Universal basic income (UBI) is a policy that would give all citizens an unconditional, predictable income to cover their basic needs. There is widespread belief that any monetary intervention stimulates hyperinflation of the form found in 1920s Germany, 1990s Argentina and 2000s Zimbabwe. However, there is little evidence to support this view. UBI is no more or less inflationary than anything else that raises incomes - its impact would depend on whether the economy is at full employment, whether taxes are raised Key Points
Economic TimesSensex, Nifty tumble as global banking turmoil spooks Dalal Street
The S&P BSE Sensex was down 511.52 points at 57,478.38 at 9:32 am, while the NSE Nifty 50 fell 155.50 points to 16,944.55. Broader markets also fell sharply in early trade. Key Points
India TodaySilicon Valley Bank crisis: Decoding the biggest US banking failure since 2008
Silicon Valley Bank became the largest US bank to fail since the 2008 financial crisis and its sudden collapse has stranded billions of dollars belonging to companies, investors and depositors. Here is all you need to know. Key Points
India Today