Page 2 - Kiddopia Inc News Today

The Silicon Valley Bank collapse is biggest retail banking failure since the global financial crisis in 2008

India’s state minister for technology said on Sunday he will meet start-ups this week to asses the impact on them of Silicon Valley Bank’s collapse,

Also, digital gaming and sports platform Nazara Tech said its step-down subsidiaries hold cash balances in the SVB – which is currently under the receivership of the FDIC – for around ₹64 crore.

Nazara Technologies Ltds step down subsidiaries Kiddopia Inc and Mediawrkz Inc hold cash balances of USD 7.75 mn at Silicon Valley Bank, which is currently under the receivership of the FDIC.

Listed mobile gaming company Nazara Technologies on Sunday said two of its step-down subsidiaries Kiddopia Inc and Mediawrkz Inc hold cash balances worth Rs 64 crore at Silicon Valley Bank (SVB), which is currently under crisis.

MUMBAI — India’s state minister for technology said on Sunday he will meet start-ups this week to asses the impact on them of Silicon Valley Bank’s collapse,…

Nazara said the Group continues to maintain healthy reserves of cash and cash equivalents in excess of ₹600 crore excluding the SVB-impacted funds.

The combined balances held at SVB cumulatively account for USD 7.75 million or Rs 64 crore, the company told in a BSE Filing.

SVB's failure has roiled global markets, hit banking stocks, and is now unsettling Indian entrepreneurs.

SVB’s failure has hit banking stocks and is now unsettling Indian entrepreneurs