Maria Ponnezhath
Stories by Maria Ponnezhath
First Citizens said to be near deal for Silicon Valley Bank: Report
First Citizens could reach a deal as soon as Sunday to acquire the distressed bank.
Tencent-backed Airwallex secures e-payment licence in China
The firm has also become a third-party payment provider in China, gaining greater access to the local market.
Meta plans to cut thousands of jobs in new round of layoffs
In November, Meta laid off 11,000 employees, or about 13% of its global workforce.
Musk cashes out another $3.6b in Tesla stock
Musk unloaded 22 million shares in Tesla over three days.
SpaceX to seek permit for Starlink services in India, per report
It will be the third company to apply for satellite internet services in India
Uber investigates ‘cybersecurity incident’ after report of breach
Cybersecurity has been an issue for Uber in the past too.
Ethereum blockchain slashes energy use with major software upgrade
The new system will use 99.95% less energy, it claims
US crypto lender Celsius files for bankruptcy
Crypto lenders have tumbled in recent months following a crash in cryptocurrency prices
Revlon files for bankruptcy protection amid stiff competition from startups
The cosmetics maker listed assets and liabilities between $1b and $10 b
LIC’s IPO sees over 59m shares reserved for anchor investors
Norway's Norges Bank and the Government of Singapore are among anchor book subscribers.
