Department Financial News

House Republicans have approved two bills rolling back Energy Department efficiency standards for home refrigerators and dishwashers

The Biden administration is telling emergency room doctors they must perform emergency abortions when necessary to save a pregnant woman’s health

Wall Street stock indexes closed firmer on Friday, with the tech-heavy Nasdaq and benchmark S&P 500 hitting record highs, as megacap stocks rallied on data signaling U.S. labor market weakness and pulled Treasury yields lower. Microsoft, Meta Platforms, Amazon.com and Apple advanced, pushing the information technology sector to an all-time high.

Ford is due to retire in September this year, ending a 12 and a half years tenure at Premier Miton, where he was co-manager of the firm's US Smaller Companies and US Opportunities funds alongside Hugh Grieves. He moved over to the company from Scottish Widows in 2012, where he was global director of equities for more than five years. Prior to that, he held roles at F&C, Gartmore, HBOS and RSA. Mark Barnett departs Premier Miton following Tellworth integration Grieves, who began his stint at Premier Miton in 2013, will continue managing both funds. As part of the transition, Alex...

The American job market likely cooled last month while still remaining fundamentally healthy, which would be welcome news for the Federal Reserve in its drive to fully tame inflation

kabuli chana from the purview of the stock limit. This move is expected to help importers bring in more Kabuli chana into India ahead of the festival season. Pulses, including kabuli chana, are widely used in snack making and consumed as a source of proteins. An official gazette notification was put out late on Thursday, but it did not mention the reasons behind the exemption given on this particular pulse.

In what was their first structured meeting since July 2023, Jaishankar and Wang, who is also a member of the political bureau of the Communist Party of China, decided that the Working Mechanism on Consultation and Coordination on India-China Border Affairs (WMCC) should hold an early meeting towards the process to achieve complete disengagement, officials said. The last (29th meeting) of the WMCC was held on March 27 this year in Beijing. The joint secretary (East Asia) at the Ministry of External Affairs had led the Indian delegation. The Chinese side was led by the director general of the Boundary & Oceanic Department of the Chinese Ministry of Foreign Affairs.

Arunachal Pradesh on Thursday, officials said. The districts affected by landslides are Siang, East Siang, Upper Siang, West Siang, Shi Yomi, Leparada and Upper Subansiri. A portion of the NH-13 along the Pasighat-Pangin-Aalo road has blocked following a landslide on Thursday morning. A huge boulder has completely blocked the road in between Lokpeng and Pangin tri-junction in Siang district, PWD Highways assistant engineer Gemar Padu said. The road is being cleared by engaging men and machinery for light motor vehicles to pass through, he said.

The Biden administration is awarding nearly $2 billion in grants to help restart or expand electric vehicle manufacturing and assembly sites in eight states, including the presidential battlegrounds of Michigan, Pennsylvania and Georgia

Junagadh district of Gujarat were cut off as roads leading to them got submerged following heavy rains. Vanthali in this district recorded 361 mm of rain in the 24-hour period ending Tuesday morning. Drone visuals by news agency PTI highlight the extent of the flooding.

Mumbai for the second day, disrupting roads and local train services in India's financial capital, prompting authorities to close some schools and colleges. The India Meteorological Department (IMD) issued a Red Alert for Mumbai, which continued to experience severe rainfall on Tuesday. The Navi Mumbai Municipal Corporation Education (NMMC) Department also announced a holiday for all schools under its jurisdiction on Tuesday due to the heavy rain warning. Both government and private schools remained closed as per the orders from the NMMC and Education Department. The Brihanmumbai Municipal Corporation (BMC) urged residents to leave their homes only if absolutely necessary. The Regional Meteorological Centre (RMC) in Mumbai issued red alerts for Mumbai, Raigad, Ratnagiri, and Sindhudurg for Monday. Similar alerts were issued for Pune and Satara. The IMD predicted heavy rainfall in isolated places in Mumbai until July 12. Pune district administration has also announced the closure of all schools up to class 12 on Tuesday, July 9, to prevent any incidents or emergencies related to the severe weather. The IMD forecast indicated a generally cloudy sky with intermittent moderate to heavy rain in the city and suburbs.

U.S. job openings rose slightly to 8.1 million in May despite the impact of higher interest rates

Eknath Shinde on Monday stressed the state administration's zero tolerance for injustice and directed the police to handle hit-and-run incidents involving powerful and influential individuals with utmost seriousness to ensure justice is served. Shinde's statement follows a hit-and-run incident involving a BMW car allegedly driven by the son of a Shinde-led Shiv Sena leader who fatally knocked down a 45-year-old woman riding pillion on a scooter in Mumbai. Expressing his deep concern over the rising number of hit-and-run cases in Maharashtra, Shinde said, «It is intolerable that the powerful and influential misuse their status to manipulate the system. Such miscarriages of justice will not be tolerated by my government.» He underlined the importance of protecting the lives of ordinary citizens and directed the state police to treat these cases with the highest priority.

Reynolds has been the MP for Wycombe since the general election last week and was formerly an MP between 2010 and 2019. In 2010 she was selected by then-Labour leader Ed Miliband as a shadow junior Foreign Office minister and in 2011 she was promoted to the role of shadow Europe minister. In 2013, she became shadow housing minister and in 2015 she became shadow communities and local government secretary. Tulip Siddiq appointed Labour's City minister On Monday (8 July), the Department for Work and Pensions (DWP) announced Reynolds had been appointed as a parliamentary secretary at t...

commerce ministry has sought views of different departments on proposed measures to revive special economic zones and facilitate business transactions between SEZ and the domestic market, a senior official said on Monday. The official said that the ministry has suggested allowing the sale of products manufactured in Special Economic Zones (SEZs) in the domestic market on payment of duty foregone on inputs as that would help promote value addition. «The main issue in SEZs is that we are not able to get economies of scale. The connect between SEZs and the domestic tariff area (DTA) or domestic market has to be improved. There are also issues if DTA is selling to SEZs,» the official said. «So we have suggested duty foregone basis sales. There are also issues with regards to job work. For example if an IT firm has to get some work from the domestic market, they need permission. We have sent a draft cabinet note,» the official added.

Under the Income Tax Act, certain groups living in specific areas of select states in India are exempted from paying income tax. These exemptions are granted based on specific criteria, such as income levels, socio-economic status and occupation of the people forming these groups. This unique approach to taxation helps in lessening the financial burden on disadvantaged people living in these areas, providing them with a level-playing field.

Indian Renewable Energy Development Agency (IREDA) rose 6% to the day’s high of Rs 202 on the BSE after the company reported significant growth of 382.62% and 67.61% on a year-on-year (YoY) basis in its sanctioned loans and loan disbursements, respectively. For the first quarter of FY25, the company recorded loan sanctions of Rs 9,136 crore, compared to Rs 1,893 crore in the corresponding quarter of the previous year. Meanwhile, loan disbursements for the quarter amounted to Rs 5,320 crore.

Boeing a plea deal that will allow it to avoid a trial related to two deadly 737 MAX crashes, a lawyer for the victims' families said Sunday, expressing outrage.

A Quiet Place: Day One, has arrived in theaters nationwide. For those wondering when they can catch the apocalyptic thriller on Paramount+ and other digital platforms, here’s what you need to know.

landslide blocked Kishtwar-Paddar road Sunday as light to moderate rains lashed isolated places in Jammu division, providing some relief to people from the scorching heat. Officials said the landslide, triggered by rains, hit Kishtwar-Paddar road near Patharnaki in Kishtwar district this afternoon, forcing suspension of vehicular movement.

Two people were killed in a shooting at OneLife Fitness, a gym and health club in southwest Alexandria, Virginia, according to police, news agency AP reported.