Department Financial News

Bata has appointed Meeru Gupta as general counsel and head of legal. An alumnus of Delhi University, Gupta had served previously as Varun Beverages – RJ Corporation, where she led the legal practice, formulated litigation strategies and managed cross-border acquisitions. Over two decades veteran Gupta started her career with Reliance Energy (BSES Rajdhani Power Ltd.) in 2004. Subsequently, she joined Philips India as manager in its legal department in 2008 and rose to became director Legal and Compliance. At Philips India, she was instrumental in key decision-making processes across the Lighting, Consumer Lifestyle, and Healthcare divisions, said the company in its statement.

satellite imagery suggest light to moderate rainfall at many places, with occasional intense spells accompanied by isolated thunderstorms, lightning, and gusty winds in the next couple of hours, bringing much respite from the scorching heat. «Recent satellite imagery suggests: (i) Light to moderate rainfall at many places, with occasional intense spells accompanied by isolated thunderstorms, lightning, and gusty winds likely over West Madhya Pradesh, Gujarat, and the Andaman and Nicobar Islands during the next 3 hours,» the IMD posted on X. «Light to moderate rainfall at a few places, accompanied by isolated thunderstorms, lightning, and gusty winds in Vidarbha and adjoining north Telangana, east Telangana, Rayalaseema, coastal and south interior Karnataka, Kerala, Uttar Pradesh, southeast Rajasthan, East Bihar, Sub-Himalayan West Bengal, Assam, Arunachal Pradesh, Nagaland, Manipur, Mizoram, and and Tripura, during the same period,» it added.

Justice Department officials that criminal charges be brought against Boeing after finding the planemaker violated a settlement related to two fatal crashes, two people familiar with the matter told Reuters. The Justice Department must decide by July 7 whether to prosecute Boeing. The recommendation of prosecutors handling the case has not been previously reported. In May, officials determined the company breached a 2021 agreement that had shielded Boeing from a criminal charge of conspiracy to commit fraud arising from two fatal crashes in 2018 and 2019 involving the 737 MAX jet.

India, said people with knowledge of the matter. That’s prompted some Indian companies to resume their pursuit of government approval for joint ventures (JVs) with Chinese partners, they said. These approvals are being given on acase-by-case basis, the people said. For instance, Haier Appliances India has got government nod to invest Rs 184 crore in AC component manufacturing after almost two-and-a-half years. The Department for Promotion of Industry & Internal Trade had directed the Chinese firm in November 2021 to take Press Note 3 clearance for its proposal under the production-linked incentive scheme for white goods.

California’s workplace regulators passed rules that would protect indoor workers from extreme heat

The cybersecurity firm Kaspersky has denied it is a security threat after the U.S. Commerce Department banned the use of its software in the United States

The Treasury Department has fleshed out its proposed rule that would restrict and monitor U.S. investments in China for artificial intelligence, computer chips and quantum computing

Two Lockheed Martin subsidiaries have agreed to pay the federal government $70 million for overcharging the Navy for aircraft parts

U.S. government inspections of avocados and mangoes in the Mexican state of Michoacan will gradually resume

Disney workers are suing their employer, claiming they were fraudulently induced to move from California to Florida

police have arrested two persons in connection with a burglary at actor Anupam Kher's office this week, an official said on Saturday. Majid Sheikh and Daler Bahreem Khan were taken into custody from the Jogeshwari area on Friday night for committing the crime, he said. Police said the two were serial thieves and would travel to various places in the city by autorickshaws to steal. The two struck on Wednesday at Kher's office on Vira Desai Road in the Amboli area and took away negatives of a film produced by his company and Rs 4.15 lakh. They also committed theft in Vile Parle that day, the official said.

Swiss museum on Thursday pulled down five paintings, including a van Gogh and a Monet, after the foundation that owns them called for a deeper look at their origins following new U.S. guidelines on how to handle artworks once confiscated by the Nazis. The Foundation E.G. Bührle Collection, which owns the works formerly shown at the Kunsthaus Zurich museum, said it was looking to reach a «fair and equitable solution» with the legal successors of the former owners, who were not identified. The foundation's board called for a new assessment of the works under new "Best Practices" published by the U.S. State Department in March on how to deal with Nazi-confiscated art, as an upgrade to principles adopted in 1998.

Amit Shah on Sunday said at least 50 large ponds should be created in the northeast to divert water of the Brahmaputra to help tackle floods and develop agriculture, irrigation and tourism. Chairing a review meeting on preparedness for flood management during the monsoon, Shah also emphasised on optimum use of satellite imagery provided by the Indian Space Research Organisation (ISRO) for flood and water management. He also took stock of the preparations to deal with Glacial Lake Outburst Flood (GLOF). Shah said efforts should be made to upgrade the forecast system of water level of rivers for better flood management.

cloudburst, several areas of Arunachal Pradesh's Itanagar city have been inundated, causing significant damage to residents' property. Reports indicated that numerous houses and vehicles have been damaged due to the floodwaters. The capital complex witnessed incidents of landslides affecting both vehicle and house premises. Denizens are urged to remain vigilant and cautious amid the inclement weather conditions. Authorities have been monitoring the situation closely. Efforts are underway to assist affected residents and manage the aftermath of the natural disaster. The local administration has been taking all the necessary steps.

trade agreement (FTA) moving forward between India and Korea, the department of commerce is engaging with different ministries, including heavy industries, steel, and chemicals, to prepare the offer list, an official said. Preparation of the list is part of the negotiations, which are underway, for the upgrade of the existing FTA between the two countries, dubbed as comprehensive economic partnership agreement (CEPA). The agreement was operationalised in January 2010. So far, 10 rounds of talks have been concluded. The official said both sides have exchanged the request list and «are working on the offer list» and for that the commerce ministry is holding discussions with different ministries, including steel, heavy industries, textiles, chemicals and petrochemicals.

overage vehicles found parked in public places in violation of the guidelines. Reiterating its guidelines for overage vehicles issued this February, the transport department said there is a complete prohibition on parking overage vehicles in areas just outside residences, which are considered public places. «Keep such vehicles in private parking spaces owned by the individual, not in a shared parking space, even if it's part of a residential complex. A parking space allotted to the owner within a residential complex is considered private,» it said.

the Beatles. She is halfway through the most lucrative concert tour ever. A film version of it grossed over $260m at the box office last year.

Filing Income Tax Returns (ITR) is a crucial responsibility for taxpayers in India. Ensuring accurate and timely submissions can prevent unnecessary hassles, penalties, and legal issues. Here are the top mistakes to avoid during the ITR filing process:

under-construction small bridge collapsed in East Champaran district on Sunday in third such incident in Bihar in less than a week, officials said. No casualty was reported in the incident that happened in Ghorasahan block in Motihari, they said. The 16-metre-long bridge was being built over a canal by the state's Rural Works Department (RWD) to connect Amwa village to other areas of the block. It was being built at a cost of Rs 1.5 crore, they added. «The exact cause of the incident is not yet known. It is a serious matter and a departmental inquiry has been ordered. Strict action will be taken against those found guilty,» Additional Chief Secretary of RWD Dipak Kumar Singh told PTI.

Amit Shah on Sunday chaired a high-level meeting in the national capital to review overall preparedness for flood management in the country. Union Minister of Jai Shakti, C R Patil, Minister of State for Home Affairs, Nityanand Rai, Secretaries of Ministries/ Departments of Home Affairs; Water Resources, River Development & River Rejuvenation; Earth Sciences; Environment, Forests & Climate Change; Road Transport & Highways; Chairman, Railway Board; Member & Secretary (I/c) NDMA; Director Generals of NDRF and IMD; Chairman(s) of CWC, NHAI and other senior officers of Ministries concerned attended the meeting. The meeting was held at the Ministry of Home Affairs in North Block.

allegations of question paper leak in the NEET-UG exam 2024. The Bihar Police is actively probing the case.