Action Financial News

Lesson one when regulating Canada’s financial system is ensuring the cure isn’t worse than the disease.

Vikram lander's soft landing near the lunar south pole last year, India became a league of its own. And, yet, it ranks 40th on the Global Innovation Index. Isro-like successes remain isolated. R&D expenditures in India have stagnated at about 0.6% of GDP. While there is a need to increase public sector spending on R&D, it is often argued that private sector should step up its investments. Paradoxically, while MNCs are increasingly leveraging India as their innovation hub, the broader innovation ecosystem's output leaves much to be desired, and local enterprises lament limited availability of well-trained R&D professionals. There is limited clarity on the modalities of the Anusandhan National Research Foundation that came into effect on Monday, and the ₹1 lakh crore corpus for research and innovation announced in the interim budget. While these are welcome experiments in innovation financing, publicly supported industry consortia remain largely underutilised.

PTI. According to police, Noronha suspected that Ghosalkar had implicated him in a rape case. Police said that Noronha (48) used his bodyguard Amarendra Mishra's licensed pistol to shoot Ghosalkar on Thursday evening and later killing himself.

The cost of housing remains a hot-button topic with both Millennials and Gen-Z. Plenty of articles and commentaries address the concern of supply and affordability, with the younger generations getting hit the hardest. Such was the subject of this recent CNET article:

CERT-In has pinpointed vulnerabilities in Google Chrome OS that could potentially be exploited by remote attackers, allowing them to execute arbitrary code, attain elevated privileges, circumvent security restrictions, or induce denial of service conditions on impacted systems. The root causes of these vulnerabilities lie in a "use after free" flaw within the Side Panel Search feature and inadequate data validation in extensions.

Americans were prioritizing retirement savings in 2023 despite the challenging economic environment.

Following an exhaustive investigation, the Department of Labor has successfully obtained an emergency temporary restraining order against a Pittsburgh-based company that allegedly misappropriated millions of dollars from hundreds of retirement plans it had been entrusted to administer.

NCP MP Supriya Sule on Friday alleged that apps like Google Pay and PhonePe are «two ticking time bombs» and sought to know what steps the government is taking to check money laundering. Participating in a discussion on 'The White Paper on Indian economy' in Lok Sabha, Sule said whatever happened in Paytm Payments Bank Ltd (PPBL) is «very alarming» and is almost like money laundering. The Reserve Bank of India (RBI) last month directed PPBL to stop accepting deposits or top-ups in customer accounts, wallets, FASTags and other instruments after February 29.

DPRs) in respect for national highways and centrally sponsored road works issued by it. This will help in timely approval of various reports which is a critical requirement for preparation of quality DPRs, the ministry said in a circular on Friday. ET had on January 28 first reported that the provision of deemed approval could come in as part of the revamped DPRs for road construction.

NEW DELHI : ArcelorMittal Nippon Steel and Indian Oil Corp (IOC) informed the Supreme Court on Friday that they have agreed to appoint an arbitrator to settle their dispute involving Essar Steel. Both sides urged the apex court to set aside the Delhi high court's judgment, which has been challenged in the current petition. The legal counsels requested the court to refrain from passing further orders in the case.

By Jonathan Stempel

The Indian rupee ended weaker on Friday, pressured by dollar demand from importers, including local oil companies, traders said.The rupee closed at 83.0350 against the U.S. dollar, weaker by 0.1% compared with its close at 82.9550 in the previous session. The local unit also logged a weekly decline of 0.1%.The dollar index was largely steady near 104.2 and most Asian currencies were rangebound but ended the week lower, pressured by moderation of bets on early rate cuts by the U.S. Federal Reserve.Odds of the Fed cutting rates in March have dropped below 20%, while those for May have also fallen to about 60%, down from about 73% a week earlier, according to CME’s FedWatch tool.

BSE filing on Friday. The announcement came after the Reserve Bank of India's (RBI) action against Paytm's banking arm. In January, the Reserve Bank of India ordered Paytm Payments Bank to suspend its deposits or top-ups in customer accounts, wallets, FASTags and other instruments after February 29.

TORONTO — New York City pension funds are pushing Royal Bank of Canada to disclose details on its clean energy funding.

—Name withheld on request

Haldwani on Friday to assess the situation. The state government issued a high alert across the state on Friday, and security was tightened in Banbhoolpura. Meanwhile, the district administration has ordered the suspension of internet services and the closure of all schools and colleges.

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Morgan Stanley analysts are turning bullish on major US banks on expectations that pending regulatory changes for higher capital levels will be less onerous than the current proposal, opening the door for an increase in buybacks.

foreign interference program.The Immigration and Refugee Board ruled that Jing Zhang had worked for the Overseas Chinese Affairs Office (OCAO), which it said conducts espionage in Canada.While immigration officials did not argue that Zhang committed espionage, the Refugee Board found that as an 11-year OCAO employee, she had contributed to its efforts to pressure the Chinese diaspora.According to the 32-page decision, the Peoples Republic of China (PRC) uses the OCAO to silence dissent overseas.The organization “was and remains involved in espionage against the PRC‘s targeted individuals and groups in Canada,” the IRB added.“The OCAO conducting espionage, surveillance or covert monitoring of Chinese and ethnic Chinese dissidents or minorities in Canada is against Canada, and contrary to its security interests.”The decision to deport Zhang for security reasons was handed down on Aug.

Iran denied Monday any links to a drone strike in Jordan that killed three US military personnel and said it was not seeking an «expansion» of conflict in the Middle East. The killing of three American troops on Sunday in a strike in Jordan marked the first US military losses in the region since the Israel-Hamas war began. US President Joe Biden said "radical Iran-backed militant groups operating in Syria and Iraq" were behind the strike on the frontier base in Jordan's northeast. British Foreign Secretary David Cameron reiterated a call for Iran «to de-escalate in the region». Iran lambasted what it described as «baseless accusations» and said they were a «projection» and part of a «conspiracy of those who see their interests in dragging America's foot into a new battle». «The Islamic Republic of Iran does not welcome the expansion of conflict in the region,» Iran's foreign ministry spokesman Nasser Kanani said in a statement, adding that Tehran «is not involved in the decisions of the resistance groups». Iran has previously said it sees it as «duty» to support what it calls «resistance groups» in the region but insists they are «independent» in decision and action. Sunday's strike also left 34 personnel wounded, eight of whom required evacuation, according to the US Central Command. US troops operate at the base known as Tower 22 near Jordan's border with Iraq and Syria as part of an international coalition against the Islamic State jihadist group. Tensions have surged in the Middle East since Palestinian militant group Hamas launched an unprecedented attack on Israel on October 7, leaving around 1,140 deaths, mostly civilians, according to an AFP tally of official figures. Israel has since launched a

Uttarakhand Chief Minister further said that after receiving the report on February 2, it will be brought to the Uttarakhand Cabinet. After that, action will be taken in the state assembly to enact the Uniform Civil Code Act. The Uniform Civil Code (UCC) proposes a common set of laws dealing with a range a issues, including marriage, inheritance, adoption and gender equality for every citizen in India.