Department Financial News

BEIJING — U.S. government researchers recently visited a South Korean mine to assess progress towards boosting supply of a critical metal called tungsten from areas outside China, the mine operator said Wednesday.

A Mississippi seafood distributor and two managers have pleaded guilty to conspiring to mislabel seafood and commit wire fraud by marketing frozen imported fish as more expensive local species

A shipbuilder for the U.S. Navy has agreed to admit wrongdoing and pay $24 million to settle an accounting fraud investigation

Heavy rains lashed Gujarat and created a flash-floods like situation in several parts of the state. Meanwhile, Surat received 4 cm of rain as per India Met Department and will continue to receive isolated heavy rainfall on Wednesday.

A Vermont man who was fired from his job after he said a random drug test showed he used medical marijuana while off duty for chronic pain has lost his appeal to the Vermont Supreme Court over unemployment benefits

Police officers are starting to use artificial intelligence to help write crime reports

The Justice Department has filed an antitrust lawsuit against real estate software company RealPage, accusing it of an illegal scheme that allows landlords to coordinate to hike rental prices

Nagarjuna, Telangana Chief Minister Revanth Reddy said his government would not spare those who encroached upon lakes and also crack down on such activities even if they are influential in the society. Speaking at a function by the Hare Krishna Movement, Reddy said he would follow the preaching of Lord Krishna which proclaims that for the good of the people, one should follow Dharma in order to defeat Adharma through a fight. Officials of Hyderabad Disaster Response and Asset Protection Agency (HYDRAA), GHMC, Town planning, irrigation and revenue departments on Saturday removed encroachments in the Full Tank Level of the / Buffer zones of Tammidikunta lake and amongst the many structures removed, N- Convention co-owned by Nagarjuna was also one of the unauthorised structures. The N-Convention is built in the FTL / Buffer zone and has no building permission whatsoever, a government release said. «That is the reason despite pressures, though ( some of our) friends have farmhouses, the HYDRAA was created ( for protecting lakes and government properties). I want to do some good to the people as part of that. The sole objective is to liberate these lakes from the encroachers. We will crush encroachments with an iron hand. Though there are pressures, we will not go back and we will remove those encroachments,» the CM asserted.

China has expressed its opposition to the latest U.S. sanctions on Chinese companies over their alleged ties to Russia’s war in Ukraine, saying it would adopt necessary measures to safeguard the rights and interests of the country’s businesses

The Ottawa Police Service is investigating the death of a longtime employee with the Royal Canadian Navy in what the police force on Monday called a “femicide” — the first time it has used the term.

finance department of orchestrating a scheme to withhold funds from the Delhi Jal Board (DJB), resulting in a critical shortage of manpower and equipment necessary for sewer line maintenance and repairs. Atishi alleges that since the beginning of the 2023-24 fiscal year, the finance department has been creating «unnecessary» obstacles and generating an "artificial financial crisis." Documents reviewed by the Times of India reveal that the release of funds allocated for this fiscal year has not adhered to the scheduled timeline, severely impacting the water utility's operations.

The Conference Board issues its monthly index of U.S. consumer confidence Tuesday

The jersey Babe Ruth wore when he called his shot during the 1932 World Series, hitting a home run to center field, has sold at auction for over $24 million

IT services company LTIMindtree informed it has received a stay order from the Karnataka High Court on a Goods and Services Tax (GST) notice worth Rs 378 crore received by the company. “High Court has stayed the proceedings pursuant to above Show Cause Notice till the next date of hearing, which is yet to be notified,” the Mumbai-based IT major said in a regulatory filing. In April, a show cause notice was filed by the Department of Revenue, Ministry of Finance, against LTIMindtree, country’s sixth largest IT major, for alleged non-payment of Integrated Goods and Services Tax on export turnover towards service provided to clients abroad.

A Greek-flagged tanker repeatedly attacked by Yemen’s Houthi rebels in the Red Sea remains ablaze but hasn’t sprung a major oil leak in the waterway

Although the wait time for US visitor visa appointments in India has decreased from a peak of 999 days at the end of 2021, it still exceeds a year. The US Department of State website Friday showed wait times for B1/B2 visa interview at 459 days in Chennai; 450 in Mumbai; 407 in Hyderabad; 381 in Kolkata and 379 in Delhi.

industrial revolution with its new biomanufacturing policy designed to tackle food, energy and climate challenges, officials said on Sunday. Approved by the Union Cabinet on Saturday, the BioE3 policy for fostering high-performance biomanufacturing aims to boost innovation and entrepreneurship in different fields. High-performance biomanufacturing involves the production of products ranging from medicine to materials, tackling farming and food challenges, and promoting the manufacturing of bio-based products through the integration of advanced biotechnological processes. Laying the foundation of the BioE3 policy, Finance Minister Nirmala Sitharaman in the Interim Budget had announced «a new scheme of bio-manufacturing and bio-foundry» to provide environment-friendly alternatives such as biodegradable polymers, bio-plastics, biopharmaceuticals and bio agri inputs.

In the budget for 2024-25, Union finance minister Nirmala Sitharaman had announced a comprehensive review of the Income Tax Act, aiming to make it concise, lucid and easier to understand.  

Chamoli district, reported TOI. The heavy rainfall has also caused significant disruption across the state, blocking 142 roads, including highways and village routes. The State Emergency Operation Centre reported that since the monsoon began in Uttarakhand on June 15, rain-related natural disasters have claimed 62 lives. Additionally, the storms on Sunday resulted in another 63 roads being blocked throughout the state, according to the TOI report. Heavy rains in Uttarakhand has triggered landslides and flash floods in several places. Dehradun India Meteorological Department Director Bikram Singh had issued a two-day red alert in Uttarakhand on August 22. He had said the state will witness very heavy to extremely heavy rainfall in the coming days 2-3 days.

The mother of a touted high school football player who has committed to play in college at Tennessee is suing the state of North Carolina over its restrictions for public-school athletes to cash in on their athletic fame

The U.S. has imposed sweeping sanctions against hundreds of firms across Russia, Europe, the Middle East and Asia, accusing them of providing products and services that enable Russia’s war effort and aiding its ability to evade sanctions