Amid Go First bankruptcy, SpiceJet has put its strategy in motion to resurrect 25 of its out-of-service planes. The revival expenses will be financed through the Emergency Credit Line Guarantee Scheme (ECLGS) provided by the government and improved cash inflow.  The airline has already secured appro...

Go First airline counters at Delhi Airport turned deserted as the beleaguered airline on 2 May filed for bankruptcy at the National Company Law Tribunal (NCLT). Besides, Go First has also cancelled flight operations for the next three days ( May 3, 4, and 5) over mounting losses The Wadia Group-back...

Let’s start with the basics. Roughly 5% of the human race currently live in the United States of America. That very small fraction of humanity, until quite recently, enjoyed about a third of the world’s energy resources and manufactured products and about a quarter of its raw materials. This didn’t ...

First BuzzFeed, now Vice: one by one all the woke "media giants" of the new normal are going broke. Just two weeks after we reported that BuzzFeed News - which was instrumental in spreading fake news to get us suspended on twitter - was shuttering it not filing for bankruptcy just yet, today the NYT...

Credit started tightening six to nine months ago,” said the developer, a close friend, entrepreneur, with large residential projects across the nation. “It started with the money center banks,” he continued. “This pushed us to regional banks for our latest projects, but then SVB happened.” The marke...

Most of the green energy tax benefits provided by President Joe Biden’s $750 billion Inflation Reduction Act (IRA) of 2022 are going into the coffers of big banks and billion-dollar corporations, according to House Ways and Means Committee Chairman Jason Smith (R-Mo.). “While President Biden’s super...

Central bank digital currencies (CBDCs) pose a foundational threat to America’s economic systems with absolutely no upsides, according to a recent analysis from the Cato Institute, which stressed that a U.S. CBDC will threaten citizens’ “core freedoms” from financial privacy to personal liberty. Eve...

Trust in central and commercial banks is eroding quickly. The internet and social media are oil in the fire and Bitcoin is the extinguisher... TRUST US, BRO’ AS THE ONLY TOOL LEFT Banking only works when there is trust. It’s fundamentally based on the belief that the banking system is strong and res...

Q1 2023 - and even more specifically the month of March - can be summarized with one simple image... Bank crisis in US and EU, global war rhetoric rising, de-dollarization actions escalating, US layoffs exploding? Makes you wonder about the state of the dollar eh? BUT Everything must be ok right - t...

BO'AO, China — China's small banks have problems — but they don't carry the same risks as those exposed by the collapse of Silicon Valley Bank, said Zhu Min, vice president of the China Center for International Economic Exchanges, a state-backed think tank. Issues at a handful of smaller Chinese ban...

Silicon Valley Bank stock has reopened for trading after being halted for nearly three weeks, and the stock is swinging wildly. The collapsed bank's stock was halted for trading on March 9 after it failed to raise $2.1 billion and ease concerns about its deposit base. One day later, the bank failed ...

The recent collapse of the Silicon Valley Bank (SVB) in the United States, and its cascading effect on India’s tech startup ecosystem, has thrown a much-needed spotlight on why such startups domiciled – or resided – in the US in the first place, and why it is pertinent to bring them “back to India”....