Department Financial News

26.07 / 13:31

markets FIVE security Justice Department Investigations Federal grand jury charges short seller Andrew Left in $16M stock manipulation scheme

A federal grand jury in California has charged activist short seller Andrew Left with multiple counts of securities fraud for a $16 million stock market manipulation scheme

26.07 / 12:58

Research community Experts Universities Department patient Veterans lobbied for psychedelic therapy, but it may not be enough to save MDMA drug application

Military veterans have spent years lobbying for the use of psychedelic drugs to treat PTSD, but a sharply critical review of the club drug MDMA has put the therapy's approval in doubt

26.07 / 11:28

UPS Citi Manufacturing stage country innovations Department India to get 12 new industrial cities to boost manufacturing; DPIIT to approach Cabinet

New Delhi: The country will have 12 new industrial cities in different states like the ones developed in Greater Noida, Uttar Pradesh and Dholera in Gujarat to further boost domestic manufacturing, a top government official said. Out of this, two are coming up in Andhra Pradesh and one in Bihar.

26.07 / 07:26

WhatsApp social travelers Department Destinations Travelling to Uttarakhand by car? You must carry a dustbin, or garbage bag with you

Uttarakhand government issued a directive mandating that all vehicles entering the state must carry dustbins or garbage bags. This measure aims to address the ongoing issue of garbage disposal, particularly along the Char Dham route and near popular tourist destinations such as Mussoorie, Dehradun, and Nainital.

26.07 / 06:34

markets UPS Analysis Department recommendations Interviews Indexation benefits: FM Sitharaman says you are missing the larger picture behind Budget's big tax change

indexation benefits on realty sales. However, Finance Minister Nirmala Sitharaman told ET in an interview that those who are criticising the move are missing the larger picture.

26.07 / 06:15

markets Provident Target Manufacturing Enterprise country Department BSNL’s subscriber count is surging. These four stocks could benefit.

Indian telecom market operates as an oligopoly, with a few major players offering similar services and greatly affecting pricing. When one company lowers prices the others typically follow suit, but the reverse is not always true. We saw an instance of this when Reliance Jio entered the market, prompting price cuts across the board.

25.07 / 20:23

UPS Mobile country electronic Department rights Interviews Will suggest correction of duty inversion in some electronics and leather goods: Rajesh Kumar Singh, DPIIT

DPIIT) will suggest the finance ministry to correct duty inversion in some electronics and leather goods in the upcoming customs duty review and is also looking at suggestions on a crackdown on tobacco firms' proxy ads, DPIIT secretary Rajesh Kumar Singh said. In an interview, he also told ET that the government has instruments such as Quality Control Orders (QCO) and import tariffs to trigger investment decisions. Edited excerpts:

25.07 / 20:10

markets COST Provident Department prevention Interviews ET Interview: New capital gains regime to aid future home buyers, says CBDT chairman Ravi Agarwal

CBDT chairman Ravi Agarwal said the new capital gains provision will be beneficial to prospective home buyers and investors, as they will have to pay substantially less tax than earlier even without indexation benefits if they sell the property after two years at a higher price.

25.07 / 18:23

markets Manufacturing economy 2020 reports Department jobless claims Fewer Americans file for jobless claims as applications remain at elevated, but not troubling levels

Fewer Americans filed for unemployment benefits last week, but applications remained at recently elevated, though not troubling levels

25.07 / 17:57

markets UPS Waters Experts reports Department A plan to replenish the Colorado River could mean dry alfalfa fields. And many farmers are for it

A plan to help shore up the Colorado River by cutting off water to alfalfa fields in California’s crop-rich Imperial Valley is finding support among water managers and farmers

25.07 / 17:44

Provident Food Department Courts Investigations rowing Prisoners fight against working in heat on former slave plantation, raising hope for change in South

As daily temperatures hit record highs across much of the South, a federal judge has taken an unusual step, challenging the treatment of mostly Black incarcerated workers in the fields

25.07 / 16:03

markets Strategy Allianz stars Department Portfolio manager trio from Mike Riddell's former bond team to exit Allianz GI

Joe Pak, Ravin Seeneevassen and Jack Norris, members of the firm's macro unconstrained fixed income team, will depart this summer. The trio co-managed the £2.7m Allianz Fixed Income Macro fund, which is set to close due to low assets under management. The SICAV version of the strategy closed on Friday (19 July), while the OEIC will close in September. Allianz GIobal Investors star bond manager Mike Riddell exits to join Fidelity Until its closure, the Fixed Income Macro OEIC will be run by members of the global markets team, led by core fixed income CIO Julian Le Beron, who have a...

25.07 / 15:21

markets UPS Manufacturing economy Department US economy grew faster than expected during the second quarter

New Century Advisors chief economist Claudia Sahm and Piper Sandler chief investment strategist Michael Kantrowitz discuss whether the economy is on the cusp of recession on 'Making Money.'

25.07 / 09:57

UPS Provident Digital economy information Department After India Stack, why Sitharaman proposed another stack for economic boost

Agriculture sector provides livelihood support to about 42.3% of the population of India and has a share of 18.2 per cent in the country’s GDP at current prices. As a sector, it has been buoyant, which is made evident by the average annual growth rate of 4.18% at constant prices over the last five years. It, however, can't be denied that there are a host of difficult, entrenched issues, which have kept the sector from reaching the next level, where it can be among the economy's saviours.

25.07 / 09:56

Citi Waters wellness reports Department evacuation Schools Pune Rains: Nearly 400 evacuated due to flooding as rains lash Pune

evacuated to safety on Thursday following flooding in Sinhagad Road and some other areas along the riverbank in Pune city due to incessant rains, officials said. Two columns of the Army were deployed in Sinhagad Road area which was severely affected by flooding, they said.

25.07 / 07:37

Provident WhatsApp Department International First draft of new simplified I-T law to be prepared by tax dept panel: Revenue Secretary Sanjay Malhotra

income tax law, as proposed in the Budget, will be prepared by an internal committee of the tax department and will undertake stakeholder consultation before finalising the legislation, Revenue Secretary Sanjay Malhotra said on Thursday. Malhotra said that the exercise is not linked to bringing a new direct taxes code, but a comprehensive review of the income tax law.

25.07 / 03:55

Airlines Software Boeing Justice Department prevention Courts US files details of Boeing’s plea deal related to plane crashes. It's in the hands of a judge now

The Justice Department has filed an agreement in which Boeing will plead guilty to a fraud charge for misleading regulators who approved the 737 Max jetliner before two of the planes crashed, killing 346 people

25.07 / 03:53

Progressive CEO Airlines Software Olympics travelers Department Delta CEO, in Paris for the Olympics, says outage-related cancellations should end Thursday

The chief executive of Delta Air Lines expects flight cancellations and delays that resulted from a global technology breakdown last week to be resolved by Thursday

25.07 / 03:33

Extreme Yellow show isolate Department Videos Updates Mumbai rains LIVE Updates: Andheri Subway shut, trains delayed amid waterlogging; IMD issues yellow alert in Mumbai

Catch all LIVE Updates on Mumbai rains hereMumbai rains LIVE: Mumbai witnessed heavy showers today amid IMD's yellow alert.Mumbai rains LIVE: Central Railway rescheduled “CSMT-MADGAON TEJAS EXPRESS" with Train Number 22119 following heavy showers. It was earlier scheduled to depart at 5:50 pm today but will now leave for its journey at 7:30 pm.Mumbai rains LIVE: Andheri Subway has been closed for vehicular movement amid waterlogging following heavy rainfall.Mumbai rains LIVE: The India Meteorological Department (IMD) issued a yellow warning for heavy showers on Thursday, July 25, in Mumbai and Sindhudug districts of Maharashtra's Konkan region.

24.07 / 18:59

UPS Progressive Assurant inclusion Department Budget only for 2 states: Oppn in LS; BJP's biplab calls it Modi's guarantee

government over the budget even as the ruling side came out hailing the proposals.

24.07 / 18:04

FIVE Inside hospital Department Relationships Washington back to its old India ways?

Modi and Vladimir Putin. America is deep in the throes of election politics — Donald Trump's escape from near-death, Joe Biden's exit and Kamala Harris' entry into the presidential race are dominating the headlines. Tempers have calmed somewhat but all is not well in the realm.

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