The collapse of Silicon Valley Bank in the US has sent startups and VC funds scrambling, but it may also result in enterprise clients pushing their IT spending decisions, said a note by Wedbush Securities. The primary spending impact will be in the banking, financial services and insurance (BFSI) and high-tech verticals. BFSI contributes 20-40 percent of the sector’s revenues and has so far been a reliable spender as compared to 2007-08, and high-tech, which is a headwind, could cause a greater

The Supreme Court will on March 20 hear a plea by Torrent Investments against a National Company Law Appellate Tribunal (NCLAT) order, allowing the lenders of Anil Ambani-promoted Reliance Capital (RCap) to conduct another round of auction.