Department Financial News

Bitcoin investment company Swan Bitcoin has abandoned plans to go public soon and intends to shut down its managed mining operations.

An energy group says a $1.3 billion chemical production facility to be built in Louisiana by Japanese conglomerate Mitsubishi Chemical Group is economically questionable and unnecessarily increases greenhouse gas emissions

Meta’s WhatsApp cut business messaging prices by 16-97% in several countries, including by 63% in India, in an aggressive attempt at countering growing competition from Google’s Rich Communication Services (RCS) and Apple’s upcoming foray into the segment.

Mumbai continues to experience heavy rainfall, resulting in significant waterlogging and traffic snarls across the city. The India Meteorological Department (IMD) has issued a red alert for parts of central Maharashtra, predicting heavy rain until July 24.

A defamation suit against Fox News by a government official who served on a short-lived U.S. government media disinformation board is being dismissed by a federal judge

The National Association of Realtors releases its June tally of U.S. home sales Tuesday

Some people develop a weird allergy to red meat after being bitten by a lone star tick yet find they can still eat pork from a surprising source — certain pigs originally bred for human organ transplants

Airlines, including Delta Air Lines, continued to struggle to restore operations two days after a faulty software update caused technological havoc worldwide and resulted in several carriers grounding flights

Thousands of flights have been canceled after a worldwide internet outage hit many leading airlines, forcing passengers to scramble to save their vacations and other trips

Sangh is seen as an attempt by the BJP-led Union government to improve the equations between the two.

Karnataka Government to amend a labour law to extend the working hours in the tech services companies by up to 14 hours, during exigencies, has come under resistance, putting the government on the backfoot.

Income Tax department has issued a warning about fake news that was published in a popular newspaper in Gujarat. The department stated that a clipping of the news is circulating on social media, claiming that the date for e-filing of ITR has been extended to August 31, 2024. The department clarified that this information is fake, and that the last date to file ITR for FY2023-24 is July 31, 2024.

Economic Survey FY24, prepared by the Department of Economic Affairs, cast worries over artificial intelligence possibly impacting workers across skillsets and thereby affecting India's economic growth rate.

Economic Survey 2024 Live UpdatesThe Union government tabled the Economic Survey 2023-24 in Parliament. The Economic Survey document, prepared by the Economic Division of the Department of Economic Affairs in the Ministry of Finance and formulated under the supervision of the chief economic adviser, gives insights into the state of the economy and various indicators of 2023-24 (April-March) and some outlook for the current year.

fiscal deficit is expected to drop to 4.5 per cent of GDP or lower by fiscal 2026, according to the Economic Survey 2023-2024.

Economic Survey 2023-24 will be tabled in Parliament today by Finance Minister Nirmala Sitharaman. This document reviews the economic performance of the past fiscal year and provides a future outlook. It covers India's fiscal policy trajectory, the evolution of banking and capital markets, and the performance of the manufacturing and services sectors.

US Homeland Security Secretary Alejandro Mayorkas has appointed a bipartisan, independent panel to review this month's assassination attempt on former President Donald Trump, officials said Sunday. The panel members will have «extensive law enforcement and security experience to conduct a 45-day independent review of the planning for and actions taken by the US Secret Service and state and local authorities before, during, and after the rally, and the US Secret Service governing policies and procedures,» the Department of Homeland Security said in a statement. The first people named to the panel are former Homeland Security Secretary Janet Napolitano; Frances Townsend, former Homeland Security adviser to President George W. Bush; Mark Filip, a former federal judge and deputy attorney general to President George W. Bush; and David Mitchell, former Secretary of the Department of Public Safety and Homeland Security for the state of Delaware. Additional experts could be asked to join the group in the coming days, the statement said.

orphan drugs from the government-set price controls, people in the know told ET. It has asked the government to do away with the existing practice of 50% price cuts upon patent expiry, arguing that the government's price-setting provisions will stymie innovation. In a recent meeting held with the Department of Pharmaceuticals (DoP), the OPPI also sought exemption from price controls for drugs used for rare diseases.

LEH: Expanding its probe into the seizure of 108 kilogrammes of gold bars from the Line of Actual Control (LAC) along the India-China border, the Directorate of Revenue Intelligence (DRI) found that gold bars were smuggled from seven countries, including the United States, Canada, Germany, Saudi Arabia and Dubai, and were brought to Tibet, from where they were meant to be smuggled into India. A total of five suspects, including a couple who ran two cafes in upmarket Leh, have been arrested and taken to Ludhiana for interrogation by a joint team of the DRI, customs and Intelligence Bureau, officials told ET. They said the couple, identified as Tender Tashi and Tashi Dolma, recruited Tenzin Samphel, a native of Hanley in eastern Ladakh, who in turn hired two couriers, Tenzin Targy and Tsering Chamba, from Hanley. The interrogation of the suspects revealed the name of the alleged kingpin, who is believed to be based in Delhi and is presently on the run, according to the people.

Mallikarjun Kharge on Sunday dissolved the Odisha Pradesh Congress Committee, days after the party's poor showing in the Lok Sabha and assembly polls in the state. Kharge has approved the proposal of a complete dissolution of the Odisha Pradesh Congress Committee, including its president, PCC, office-bearers and executive committee, District/Block/Mandal Committees, frontal organisations, departments and cells, with immediate effect, a statement issued by the party said. «The current DCC presidents will serve as acting presidents until new DCC Presidents are appointed,» the statement said. Sarat Pattanayak was the president of the now-dissolved Odisha PCC.

Heavy rains pounded Mumbai and its suburbs on Sunday, disrupting flight operations and inundating roads in many parts of the city, officials said. Flight operations at Chhatrapati Shivaji Maharaj International Airport were suspended twice for a brief period due to inclement weather and low visibility, a source said. At least 15 flights were diverted to the nearby airports, mainly Ahmedabad, till 4 pm. As intermittent heavy spells of rain hit the city, runway operations were suspended at 12.12 pm for eight minutes and from 1 pm to 1.15 pm, the source said.