Jan Industrial Output up 5.2% on Mfg Boost
Industrial production rose 5.2% in January, picking up pace from 4.7% in the preceding month, as better-than-expected manufacturing provided a boost.
Jittery D-Street Indices Slide 1%
India’s equity indices slid over 1% on Friday, tracking overnight losses on Wall Street after the crisis in Silicon Valley Bank, an American lender that services startups, raised concerns over the health of the US financial system.
US Govt Shuts SVB; FDIC named Receiver
As news came in on Friday evening of the US government taking over Silicon Valley Bank (SVB), it rattled Indian investors and founders running SaaS companies with accounts at the lender.
