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IPO Price

Markets trade higher in early trade on buying in Reliance, HDFC twins; firm Asian equities

Stock benchmark indexes rose in the opening hours of trading on Tuesday, following a strong trend in Asian markets and buying in index heavyweights Reliance Industries, HDFC Twins, and Technology counters.In early trading, the 30-share BSE Sensex increased 295.59 points to 57,949.45. The NSE Nifty index as a whole increased by 76.05 points to 17,061.75.Early…

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Silicon Valley Bank

First Citizens buys Silicon Valley Bank

First Citizens BancShares Inc. has agreed to purchase Silicon Valley Bank, which was taken over by authorities after a run on the lender, in NEW YORK.According to a statement from the Federal Deposit Insurance Corp., the Raleigh, North Carolina-based bank entered into a buy and assumption arrangement for all of SVB’s deposits and debts. The…

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