Department Financial News

Mike Tyson who was preparing to take on internet sensation Jake Paul is set to undergo rigorous health check-ups before the final bout. The fight which had been schedule for July has been postponed and will now be held on November 15. The news of this postponement came after Tyson had a health scare during a flight. The bout which is being viewed by many as ‘controversial’ will still take place after completely adhering to the rules and regulations at the AT&T stadium in Texas.

Bharti Airtel has prepaid ₹7,904 crore to the telecom department, clearing the remaining part of the payment relating to spectrum bought in 2012 and 2015 auctions, a move which will lead to interest cost savings. This comes after India's second largest telecom operator prepaid ₹8,325 crore in January 2024, clearing a sizable chunk of the deferred liabilities. This will help Airtel to save interest costs annually and boost cash flows, as its nationwide 5G rollout nears completion, said analysts.

India-UK bilateral trade pact such as the one about minimum import price (MIP) for Scotch whisky and those related to finalisation of a bilateral investment treaty will be discussed after the general elections in Britain, a top official said. The issues that need to be ironed out include duties in sectors like electric vehicles, alcoholic beverages and services. General elections in the UK will be held on July 4. «The outstanding issues to seal the deal will be resolved once the general elections in the UK are over,» said L Satya Srinivas, additional secretary, department of commerce.

A federal judge says the government’s antitrust case against Google over its advertising technology will go to trial in September, rejecting both sides’ request to rule in their favor as a matter of law

₹7,904 crore, the company said in a statement. It did not reply to a Mint query on how much it has prepaid in total.The move will save costs for the No 2 telco which was paying the highest interest rate of 9.75% and 10% for auction years 2012 and 2015, respectively.In the 2015 auctions, Airtel acquired 111.6 MHz of spectrum for ₹29,130.20 crore.

U.S. Supreme Court on Friday declared unlawful a federal ban on «bump stock» devices that enable semiautomatic weapons to fire rapidly like machine guns, rejecting yet another firearms restriction — this time one enacted under Republican former President Donald Trump. The justices, in a 6-3 ruling authored by conservative Justice Clarence Thomas, upheld a lower court's decision siding with Michael Cargill, a gun shop owner and gun rights advocate from Austin, Texas, who challenged the ban by claiming that a U.S. agency improperly interpreted a federal law banning machine guns as extending to bump stocks. The conservative justices were in the majority, with the liberal justices dissenting.

Heat wave conditions continued unabated in Haryana and Punjab, with Abohar sizzling at 47.6 degrees Celsius, the Met Centre here said on Friday. Blistering heat also continued to prevail in Chandigarh, the common capital of the two states, which recorded a maximum temperature of 44 degrees Celsius, according to the centre's weather report. While blistering heat swept Abohar in Punjab, intense heat also prevailed in Gurdaspur, which recorded a maximum of 45.5 degrees Celsius, followed by Patiala, which registered a high of 45.2 degrees Celsius, it said. Amritsar and Ludhiana also reeled under intense heat at 44.8 degrees Celsius and 44.2 degrees Celsius, respectively, the weather office said.

A man in Quebec has been arrested after being caught filming his sexual encounters with dozens of women and later extorting them, and sex work advocates say cases like this are frequent.Martin Pillay, 43, was arrested Tuesday morning in Montreal by officers who say their investigation into the case found that the man had filmed his sexual relations with at least 34 women without their consent, the majority of whom were sex workers.Spokesperson Ghislain Vallières from the Longueuil police department, the local force in charge of the investigation, says they arrested the 43-year-old at his home in Montreal’s Saint-Laurent borough for voyeurism, soliciting and purchasing sex, extortion and possession of a prohibited weapon.Police say investigators were able to identify and contact at least three women from the man’s footage, which was taken over several years, dating back to 2019.Authorities released a photo of the suspect earlier this week, asking anyone who believes they may have been victimized by him to come forward in the investigation.Sex work advocate Sandra Wesley says coming forward to police often puts the community at an even greater risk.Wesley, who is the director of Stella, a Montreal-based organization by and for sex workers, told Global that extortion in her line of work is a regular, consistent occurrence.She said that while it can often come in the form of a perpetrator using nonconsensual footage as a threat, it’s often done when the real identities of sex workers are exposed.“When people find out our real identity, they can say, ‘Well, I’ll tell your family or your employer or your kids’ school’.”She says the extortion demands can vary.

legal actions to reclaim these overpayments, which arose due to a currency conversion error from US dollars to Australian dollars. Internal communications from X's Asia Pacific HR department reveal that the overpayments, which occurred in January 2023, ranged from $1,500 to $70,000 per individual.These payments were linked to a 'deferred cash compensation' plan tied to employee shares initially priced at $54.20 USD each, the amount Elon Musk paid when he acquired Twitter in 2022.

Telugu textbooks carrying the previous year's foreword referring to K Chandrasekhar Rao as the Chief Minister was used in this year's books causing embarrassment to the Congress government in Telangana. Books for classes 1 to 10, carrying the old foreword, were also distributed to students of state-run schools when they reopened on June 12 after the summer vacation. Sources on Friday claimed that the officials initially sought the textbooks to be returned but now suggested pasting the foreword page on the backside of the (inner) cover page so that the reference to the previous government is not visible. When contacted, a senior Education department official on Thursday said a particular textbook was not distributed to students as some rectifications are to be carried out, but did not elaborate.

Cabinet the report of the high-level committee on 'one nation, one election' «at the earliest» as part of the 100-day agenda of the Legislative Department, sources said on Friday. Ahead of the Lok Sabha elections, Prime Minister Narendra Modi had directed all union ministries and departments to draw up a 100-day agenda for the next government. The high-level committee on 'one nation, one election', headed by former president Ram Nath Kovind, submitted its report to President Droupadi Murmu on March 15, recommending simultaneous elections for Lok Sabha and state assemblies as the first step followed by synchronised local body polls within 100 days. The panel had also proposed setting up an 'Implementation Group' to look into the execution of the recommendations made by the committee.

Delhi's Chandni Chowk area. Flames were still simmering under some collapsed portions of buildings and a cooling operation is underway, officials said on Friday. The fire broke out in Chandni Chowk's Old Katra Marwadi Market around 5 pm on Thursday. There were no casualties. Delhi Fire Services (DFS) chief Atul Garg said the fire was brought under control at 4.30 am.

Delhi experienced its fifth consecutive day of heatwaves on Thursday and IMD predicted that this trend will continue for the next five days, with maximum temperatures expected to range between 44 and 45 degrees Celsius. There is, however, a chance of thunderstorms, lightning, and light rain at isolated locations on Friday afternoon or evening. The maximum temperature on Thursday recorded at the Safdarjung Observatory, considered the official marker of the city, was 4.9 notches above normal at 44.8 degrees Celsius. The Najafgarh weather station recorded a maximum temperature of 45.1 degrees Celsius, the India Meteorological Department (IMD) said.

Police have arrested a co-owner of the Rajkot game zone, where a fire claimed 27 lives last month, taking the number of arrests in the case to ten, an official said on Friday. Ashoksinh Jadeja, one of the six owners of the TRP game zone, surrendered before the police on Thursday evening, the official said. Jadeja, who owns the land on which the game zone had come up, had been absconding after a fire devastated the recreation facility on May 25 in Gujarat's Rajkot city. Rajkot Police Commissioner Brajesh Kumar Jha confirmed on Friday that Jadeja is in the custody of the crime branch after his surrender.

Advance tax means paying your income tax in installments throughout the year, rather than all at once at the end of the year. This is also known as «pay as you earn» tax because you pay as you receive income. The tax laws specify when these installments are due. The first instalment of advance tax payment for this fiscal year is June 15, 2025.

Wholesale price increases fell in May, the latest sign that inflation pressures in the United States may be easing as the Federal Reserve considers a timetable for cutting interest rates

The California Legislature is signaling that it could cancel a $400 million loan payment to help finance a longer lifespan for the state’s last nuclear power plant

The United States has imposed a $1.8 million fine against Middle Eastern airline Emirates for flights that passed too low over Iraq, in violation of U.S. restrictions

State Department has announced a pilot project to facilitate online renewal of passports. This will enable Americans to apply for a passport from the comfort of their homes without having to step out and submit the forms physically. There are many requirements for this process and not all are eligible. Further, there will be a limit on the number of applications which are accepted every day. Pilot Project:

The U.S. Food and Drug Administration took 15 months to act on a whistleblower complaint about the Abbott Nutrition factory at the center 2022's nationwide infant formula shortage

access to some patented medicines, the government has allowed global tenders to be floated for procurement of 120 drugs, including anti-diabetic medication Semaglutide, after the health ministry raised concerns over lack of domestic options. The decision was notified by the finance ministry last week, people in the know told ET. With this, it will become easier for people in India to procure medicines which are either not available in the country because they are patented, or are not being produced here due to technological barriers. «This will open doors to various such products and will benefit the Indian patient,» said an industry insider.