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The Hindu Business Line

All of today’s top news stories from The Hindu Business Line. Get the full analysis behind how media bias impacts breaking news.

Ground News has come across 16,726 headlines reported on by The Hindu Business Line during the past 3 months.

We’ve assigned a media bias rating of leanRight to The Hindu Business Line. You can read more about our methodology here.

The Hindu Business Line’s factuality rating is mixed. Ground News calculates this rating using a combination of the fact and reliability ratings from Ad Fontes Media and Media Bias/Fact Check.

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Top The Hindu Business Line News

UBS to take over Credit Suisse, Swiss central bank confirms

Europe · New York

UBS to take over Credit Suisse, Swiss central bank confirms

52% Center coverage: 215 sources

UBS will take over Credit Suisse, the Swiss central bank has confirmed.The takeover deal comes after the 167-year-old bank was brought to the brink of financial calamity last week despite securing a $54bn (£44bn) credit line from Switzerland's central bank.See the Story

Amazon cuts 9,000 more jobs, bringing 2023 total to 27,000

Business · Seattle

Amazon cuts 9,000 more jobs, bringing 2023 total to 27,000

54% Center coverage: 209 sources

Amazon plans to eliminate 9,000 more jobs in the next few weeks, CEO Andy Jassy said in a memo to staff on Monday. The job cuts would mark the second largest round of layoffs in the company’s history, adding to the 18,000 employees the tech giant said it would lay off in January.See the Story

New York Community Bank to buy failed Signature Bank

Business · New York

New York Community Bank to buy failed Signature Bank

66% Center coverage: 127 sources

New York Community Bank has agreed to buy a significant chunk of the failed Signature Bank in a $2.7 billion deal, the Federal Deposit Insurance Corp. said late Sunday.See the Story

Latest News Stories

Business · Switzerland

Switzerland puts up 260 billion francs for Credit Suisse rescue

Coverage: 5 sources

UBS said it will pay $3.2 billion for the 167-year-old flagship. UBS would also take on the first $5.4 billion in losses from unwinding derivatives. The total of 259 billion francs of support is equivalent to a third of Switzerland's entire economic output.

See the Story

Hindenburg fallout: Adani Group suspends work on Rs 34,900 cr petchem project

40% Right coverage: 10 sources

Adani Group has suspended work on a Rs 34,900 crore petrochemical project at Mundra in Gujarat. The group's flagship Adani Enterprises Ltd (AEL) had in 2021 incorporated a wholly-owned subsidiary, Mundra Petrochem Ltd. The unit was to have a poly-vinyl-chloride (PVC) production capacity of 2,000 KTPA (kilo tonne per annum)

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Jindal Steel gets India's first BIS licence to make fire-resistant steel

75% Right coverage: 4 sources

Jindal Steel and Power (JSP) has received Bureau of Indian Standards (BIS) certification to manufacture India's first fire-resistant steel structures. The hot rolled structural steel, manufactured as per IS 15103, can be used for high-temperature or fire-prone areas and can withstand temperatures up to 600 degrees Celsius.

See the Story

Elon Musk · San Francisco

Twitter to make its code used for recommending tweets public, says Elon Musk

50% Right coverage: 18 sources

Twitter owner Elon Musk on Friday announced that the social media platform will soon make public the long-secret algorithm for recommending tweets. The code through which recommendations for posts are made to users will become "open source" by the end of March, said Musk in a tweet.

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PSU banks earned total profit of ₹70,167 crore in April-December FY23: Govt.

Coverage: 2 sources

Minister of State for Finance Bhagwat K. Karad also said the NPA ratio of public sector banks has improved — declining from the peak of 14.6% in March 2018 to 5.53% in December 2022

See the Story

Pay Pension Dues to Ex-Army Personnel Under OROP Scheme By Feb 28, 2024: SC Tells Centre

100% Right coverage: 3 sources

Supreme Court asks Centre to pay Rs 28,000 crore dues under OROP scheme by February 2024. The top court, on March 13, came down heavily on the government for "unilaterally" deciding to pay OROP dues in four instalments. The defence ministry has recently filed an affidavit and a compliance note in the top court.

See the Story

Business · New York

Midsize U.S. banks reportedly ask the FDIC to insure all deposits for two years

46% Left coverage: 11 sources

A coalition of midsize U.S. banks, Mid-Size Bank Coalition of America (MBCA), has asked regulators to extend FDIC insurance to all deposits for the next two years, Bloomberg News reported on Saturday citing an MBCA letter to regulators.

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Latin America · Quito

At least 16 dead after magnitude 6.8 earthquake shakes Ecuador

51% Center coverage: 214 sources

A strong earthquake shook southern Ecuador and northern Peru on Saturday, killing at least 15 people, trapping others under rubble, and sending rescue teams out into streets littered with debris and fallen power lines.

See the Story

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