Department Financial News

Share prices around the world slumped on Wednesday after an overnight drop in US markets led by Nvidia. Stock markets from London to Frankfurt and Tokyo all traded in the red as concerns grew of global growth weakening after a subdued US manufacturing report.

assistant coach for all clubs, permission of concussion substitutes and appeal against «wrongful» red card decisions are some of the new rule changes that were announced by the Indian Super League on Wednesday ahead of the upcoming 11th season beginning on September 13. As per the new rules, «all the teams must have an Indian assistant coach, holding the AFC Pro License (or equivalent)». «If the head coach is relieved from his position or suspended for certain matches, the Indian assistant coach will take over all head coach duties as the Interim head coach,» the new rule stated. A perfect case in point will be regarding FC Goa where Gourmangi Singh will take over the coaching role when Manolo Marquez, who is the current India head coach, is not available.

Manipur police have approached the Army on the use of 7.62mm MMG to train its personnel. Due to the deteriorating law and order situation in Manipur, the Manipur police Department has purchased these arms from Ordnance Factory Jabalpur. Unidentified miscreants torched the house of a retired police officer in Jiribam in Manipur. Assistant Director (Administration) in Manipur Police Training College, Pangei in a letter to the Colonel GS(Operation), 57th Mountain Division, Manipur, “Due to the deteriorating law and order situation in Manipur, the Manipur police Department has purchased a few 7.62mm MMG MK 2A1 from Ordnance Factory Jabalpur.The MMG's have already been collected and have reached the State. However, as Manipur Police does not have any trained manpower on the above-mentioned weapon, it is requested that a training team consisting of an MMG Det may please be provided to Manipur Police Training College, Pangei from your esteemed Troops of 57h Mountain Division”. The letter added, “A Training Schedule of 21(twenty-one) days has been proposed starting from 9th September 2024. Accommodation for the Training Team has been arranged at MPTC, Pangei. It is requested that the Training Team may please be made available before 7 th September 2024 at MPTC, Pangei.”

₹1,000 crore to doctors to prescribe the pain and fever reliever. Two years later, the government has decided to sharpen its glare on the marketing practices of pharmaceutical firms amid reports of these companies offering a range of freebies to doctors to promote their medicines. The department of pharmaceuticals, under the ministry of chemicals and fertilizers, has sought expenditure details from these companies on distribution of free samples, and expenses incurred on organising conferences, workshops, training and seminars, as part of a broader initiative to curb unethical marketing practices by drugmakers.

Ather Energy, Bajaj Auto, and TVS Motor Company, as well as leading electric passenger vehicle makers Tata Motors, MG Motor India and BYD, said that since 30 August, the Delhi government has been charging a road tax of 7%-8% in the case of electric two-wheelers and 10% for four-wheelers. Buyers enjoyed a full road-tax waiver under the now-expired EV policy.

Members of the Nordstrom family are teaming up with a Mexican retail group and are offering to take the department store retailer private at $23 per share cash, months after first expressing interest in a buyout

Hunger reached its highest point in the United States in nearly a decade last year, with 18 million households, or 13.5%, struggling at some point to secure enough food, a Department of Agriculture report released on Wednesday said. Hunger has been on the rise in the country since 2021, after years of decline. U.S. Census Bureau data last year showed a rise in food insecurity after the end of programs that expanded food aid during the Covid-19 pandemic. The report did not provide an explanation for the increase.

Former Trump administration economist Stephen Moore analyzes what it means for the macroeconomy if job growth was significantly overestimated.

Significant traffic jams were reported in various parts of Delhi, including South, Central, and North Delhi, as well as in New Delhi, Noida, and Gurugram. The Delhi Traffic Police has issued a traffic advisory due to severe water logging at Mundka, which has significantly impacted traffic flow on Rohtak Road.

Chicago commuter train on Labour Day morning while they appeared to be asleep, police said. An unnamed suspect was apprehended shortly after the mass shooting.The Forest Park Police Department, which operates in a suburb of Chicago, said it received a 911 call just before 5:30 a.m.

Telangana have been left without access to drinking water. The damage caused by the floods has affected rural water supply pipelines, submerged electricity substations, and pump houses, leaving many villages marooned with limited access to potable water. The floods on Saturday and Sunday severely disrupted the ground support structure of the pipeline network, particularly in the districts of Khammam, Bhadradri-Kothagudem, Mahabubabad, Suryapet, Nizamabad, and Nagarkurnool.

NRI) who has filed an income tax return (ITR) while claiming relief for income tax and double taxation, it's important to follow additional procedures. Failure to do so could lead to rejection of your claim by the tax department. If your claim for double taxation relief is rejected, you'll be impacted in two ways. First, you'll have to pay income tax according to the laws of the foreign country where you're a resident. Second, you'll also have to pay income tax in India. To save NRIs from this trouble, the Indian government has signed a Double Tax Avoidance Agreement (DTAA) with more than 90 countries including USA, the UK, Korea and Taiwan.

Uttarakhand Chief Minister Pushkar Singh Dhami, while reviewing the Agriculture and Horticulture Department in the Secretariat on Tuesday, directed the officials to make effective efforts towards increasing the economy of farmers in the state more rapidly. «It should be ensured that farmers as a package. Programs should be organised at the state and district level so that farmers get the full benefit of various schemes being run by the central and state governments in the interest of farmers,» Dhami said. Dhami directed the officials in the meeting to expedite the construction of polyhouses, which would help increase the income of farmers and promote self-employment.

Rajasthan government might cancel the 2021 sub-inspector recruitment exam after it was revealed that there was a widespread paper leak, which has also led to 66 arrests so far. The government could use the state police's special operations group (SOG) report submitted to the home department to cancel the hiring test, sources said to TOI on Tuesday. SOG is probing multiple allegations of rigged hiring exams for teachers, SIs, junior engineers, and forest guards, all managed by Rajasthan Public Service Commission.

President Droupadi Murmu has delegated powers to the Lieutenant Governor (LG) Vinai Kumar Saxena to constitute and appoint members to any authority, board, commission, or statutory body under any law enacted by the Parliament that is applicable to the national capital, the Ministry of Home Affairs said. The gazette notification issued by the MHA on Tuesday said «In pursuance of clause (1) of article 239 of the Constitution read with section 45D of the Government of National Capital Territory of Delhi Act, 1991 (1 of 1992), the President hereby directs that the Lieutenant Governor of the National Capital Territory of Delhi shall, subject to the control of the President and until further orders, exercise the powers of the President under clause (a) of section 45D of the said Act for constitution of any authority, board, commission or any statutory body by whatever name it may be called, or for appointment of any Government officer or ex officio member to such authority, board, commission or any statutory body. It is likely to cause a fresh showdown between the LG and the ruling Aam Aadmi Party government in the union territory.

General Insurance Corp, ONGC, SpiceJet, GSK Pharma, Cipla among others will be in focus due to various news developments. General Insurance Corp The government has proposed to sell 6.78% stake in General Insurance Corporation of India via offer for sale (OFS) and has set the floor price for the issue at Rs 395 per share.

India Meteorological Department (IMD) has issued weather alerts predicting heavy rains across several regions in India. As the intensity of rainfall diminishes in Telangana, the IMD has forecasted isolated heavy rains in Kumuram Bheem Asifabad, Mancherial, Jayashankar Bhupalpally, and Mulugu districts on September 4. Numerous alerts, ranging from warnings of thunderstorms to severe rainfall, cover regions including Kerala, Mahe, Coastal Karnataka, Northeast India, Rajasthan, and Delhi from early September through the 8th. In Telangana, the IMD anticipates thunderstorms accompanied by lightning and strong surface winds in Adilabad, Bhadradri Kothagudem, Khammam, and Mahabubabad. For Hyderabad and its surrounding areas, generally cloudy weather is expected over the next 24 hours, potentially bringing light to moderate rain or thunder showers with gusty winds. The city's temperatures are predicted to range between a maximum of 27°C and a minimum of 23°C.

Securities and Exchange Board of India (Sebi) officials made an unprecedented complaint to the finance ministry last month, accusing the capital and commodities market regulator's leadership of fostering a toxic work culture. «Shouting, scolding and public humiliation have become a norm in meetings,» said the August 6 letter, which ET has reviewed. The communication has come to light at a time when Sebi chairperson Madhabi Puri Buch is facing accusations of conflict of interest over the regulator's Adani inquiry and the Opposition has raised questions over compensation paid to her by former employer ICICI Bank. Zee Group founder Subhash Chandra accused her of corruption on Tuesday. Buch has denied any wrongdoing as has ICICI Bank. Sebi said matters with employees have been resolved. «The issues referred in your mail have already been addressed by Sebi,» the regulator said in an email.

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A former state employee who said he leaked information about the plans to build golf courses and hotels in Florida’s state parks has apparently been fired

THDC India Ltd on Tuesday signed a memorandum of understanding (MoU) with the Maharashtra government for six pumped hydro storage projects of 6,790 MW capacity that entails an investment of more than Rs33,600 crore. The agreement will facilitate in conducting surveys, investigations, and preparation of detailed project reports as well as in establishing projects in a time-bound manner. This initiative will enable THDC to harness the untapped potential of pumped storage projects in Maharashtra, the government said. The six planned projects under this agreement are the Malshej Ghat pumped storage project of 700 MW, the Aruna project of 1,950 MW, the Kharari project 1,250 MW, the Humbarli Birmani project of 1,000 MW, the Aruna Kolamb project of 1,200 MW, and the Morawadi Majarewadi project of 690 MW.