Department Financial News

The Nirman Bhawan, located near Parliament in Lutyens' Delhi, houses the Ministry of Health besides other departments. Resident doctors are standing on the side of the road outside Nirman Bhawan, with a heavy presence of police officers who have placed barricades on both sides of the road.

A tribal leader and conservationists urged state officials to reject plans to relocate part of an aging northern Wisconsin pipeline, warning that the threat of a catastrophic spill would still exist along the new route

The data, published today (16 August) by the Office for National Statistics, met economist forecasts, with department stores and sport equipment retailers seeing an uptick due to summer sales and sporting events such as the European Football Championship. Non-food stores sales volumes, the total of department, clothing, household, and other non-food stores, rose by 1.4% in July, following a fall of 1.9% the previous month.  UK inflation creeps up less than expected to 2.2% after two months at target Non-store retail sales volumes rose by 0.7%, which the ONS attributed mainly to a r...

Taking Odisha's dues into account, the total arrears for mineral-rich states since 2005 are expected to exceed the industry estimate of Rs 1.5 lakh crore. This figure includes financial impacts for both public sector undertakings, estimated at Rs 70,000 crore, and private industries. Starting in April 2026, Odisha will receive these pending dues in installments spread over 12 years. Additionally, the state will collect an annual tax of approximately Rs 12,000 crore under the Orissa Rural Infrastructure and Socio-Economic Development (ORISED) Act, 2004, according to government sources. Odisha enacted the ORISED Act in February 2005, but it was struck down by the Odisha High Court later that same year. However, the Supreme Court's recent verdict overturned the High Court's decision. This law permits Odisha to levy up to 20% of the annual value of mineral-bearing land. Tata Steel, in a July 31 exchange filing, disclosed that it would owe Rs 17,300 crore in mineral tax to Odisha under the Supreme Court's ruling.

The companies, in a filing disclosed Thursday, have asked the Commerce Department to apply the duties right away, amid a surge in imports from Vietnam and Thailand. An existing trade case already poses the risk of anti-dumping and countervailing duties, but the new filing raises the prospect of duties being imposed even before a final decision in the case. If imports have surged during a trade investigation, the government can determine that “critical circumstances” exist — a finding that paves the way for such retroactive tariffs. Companies importing panels and cells would need to post cash deposits while awaiting a final decision in the trade case.

US lawmakers want the Biden administration to probe China's TP-Link Technology Co and its affiliates for potential national security risks from their widely used WiFi routers over fears they could be used in cyber attacks against the U.S. Republican Representative John Moolenaar and Democratic Representative Raja Krishnamoorthi, who lead the House Select Committee on China, requested a Commerce Department probe in a Tuesday letter seen by Reuters. According to research firm IDC, TP-Link, which focuses on the consumer market, is the top seller of WiFi routers internationally by unit volume.

TikTok told a federal appeals court on Thursday that the U.S. Department of Justice has misstated the social media app's ties to China, urging the court to overturn a law requiring China-based ByteDance to sell TikTok's U.S. assets or face a ban. TikTok, which has sued to overturn the law, said the Justice Department has made factual errors in the case. The department's lawyers said last month that the app poses a national security risk by allowing the Chinese government to collect the data of Americans and covertly manipulate what content they see. TikTok said on Thursday it is undisputed that the app's content recommendation engine and user data are stored in the US on cloud servers operated by Oracle and that content moderation decisions that affect US users are made in the US.

Flights and trains in the Tokyo area have been canceled, and people were warned of strong winds, heavy rains and potential flooding and mudslides as a typhoon swerved near Japan on its way further north in the Pacific Ocean

The number of Americans applying for unemployment benefits fell last week, another sign that the job market remains resilient in the face of high interest rates

Former President Donald Trump on Thursday gave his second news conference in as many weeks as he adjusts to a newly energized Democratic ticket ahead of next week’s Democratic National Convention

Former Reagan economist Art Laffer reacts to a recent report that consumer prices rose 2.9% year-over-year in July on ‘The Big Money Show.’

The Justice Department is defending a plea deal it struck with Boeing over planes that crashed and killed 346 people

NASA says it's still deciding whether to keep two astronauts at the International Space Station until early next year and send their troubled Boeing capsule back empty

IndiGo, mints pilots out of fresh college graduates. It was here, during the six months of training that many women graduates sat in an aircraft for the first time. They were part of a batch of 77 that the airline inducted yesterday to mark Independence Day. The airline has 800 women pilots, the highest among any commercial airlines in the world but it is still 14% of the 5,038 pilots it employs whereas overall female representation in the company is 44%.

United States soared past analyst expectations in July, according to government data released Thursday, helped by the autos segment and bringing some relief to policymakers. US consumption has remained resilient despite high interest rates, and experts are closely monitoring if this continues to hold up until the central bank begins rate cuts. A weaker than expected labor market report recently sparked market turmoil, over fears that the world's biggest economy was in worse health than anticipated.

job market remains resilient in the face of high interest rates. Jobless claims dropped by 7,000 to 227,000 last week, the Labor Department reported Thursday. The four-week average of claims, which smooths out week-to-week ups and downs, fell by 4,500 to 236,500. In the week that ended Aug. 3, 1.86 million Americans were collecting jobless benefits, down by 7,000 from the week before.

Director General of Delhi Prisons Satish Golcha announced the grant of remission to more than 1,160 convicts. In addition, he revealed the prisons have installed 1,248 additional face recognition system-fitted CCTV cameras to enhance the safety of inmates in the prisons. According to a statement from Delhi Prisons, Tihar, Golcha announced the special remission for convicts on Thursday after hoisting the tricolour on the premises. A total of 1,160 eligible convicts were granted remission ranging from 15 to 25 days based on their conduct during their time in prison, it said.

A startup developing a high-tech battery that is seen as a potential game-changer in the booming industry plans to invest $1.4 billion to build its first big plant in North Carolina, according to people familiar with the matter. Natron Energy is one of the few U.S. companies focusing on sodium, an abundant mineral that can produce batteries that are cheaper and safer than the lithium-based batteries that power electric vehicles.

Campbell, who has been with the Edinburgh-based asset manager for 25 years and a partner for 12, will take over as managing partner alongside Malcolm MacColl and Amy Atack, once Telfer retires in March 2025.  He started his career at the firm in 1999 as an investment trainee and later became an investment manager on the emerging markets team.  In 2007, he transitioned to the clients department, where he managed relationships with clients involved in emerging markets strategies. He became a partner in 2012 and now serves as the chair of the firm's management and group risk committees. ...

National Bank of Canada’s co-head of U.S. fixed income sales and trading, Noel Heavey, has left the firm, according to people familiar with the matter.

Governor CV Ananda Bose visits the RG Kar Hospital campus following the rampage and vandalization by miscreants on August 15 at midnight mayhem. The Governor went to the emergency building which was vandalized last night yesterday. He visited the emergency departments, which are inoperative, and other departments. Bose also went to nursing stations and spoke to the nurses.The Governor also went to the chest medicine ward and the seminar hall where the PG students was raped and murdered. The seminar hall remains sealed and police have claimed that it was secured. Bose spoke to the protesting students about last night's incident.Machines at the ICU and HDU were also broken. The machines in the Emergency building have been uprooted, lights and fans shattered, medical equipment and medicines scattered across the floor amid shards of glass and beds and IV drips overturned.