Department Financial News

British tech magnate Mike Lynch has been cleared of charges alleging he orchestrated a fraud and conspiracy leading up to an $11 billion deal that turned into a costly albatross for Silicon Valley pioneer Hewlett Packard

U.S. antitrust enforcers have decided to investigate the roles Microsoft, Nvidia and OpenAI have played in the artificial intelligence boom, according to people familiar with the pending actions

The number of Americans applying for jobless claims rose last week, but layoffs remain at healthy levels despite lingering inflation and high interest rates

government prepares to take office, the startup industry is calling for clearer regulations, streamlined processes for relocating headquarters to India, and a simplified legal and enforcement framework to support their growth, TOI reported on Friday.

Ministry of Commerce and Industry took center stage at the Indo-Pacific Economic Framework for Prosperity (IPEF) Clean Economy Investor Forum, held at the iconic Marina Bay Sands in Singapore.

Over 100 former US law enforcement officials penned a letter to Secretary Blinken, calling on the State Department to take stronger action to free Tigran Gambaryan, a Binance executive detained in Nigeria.

Delhi will experience light rain and thunderstorms on Friday, with the minimum temperature recorded at 28 degrees Celsius.According to the India Meteorological Department (IMD), the humidity was 46 per cent at 8:30 a.m.A strong dust storm hit several parts of Delhi-NCR overnight.Also Read: Alerts for heavy rainfall issued in Mumbai, Thane, Pune, other Maharashtra districts till June 10 | Full IMD forecastThe city is experiencing a change in the weather due to the impact of a new western disturbance.The MeT has forecast a partly cloudy sky with a dust storm or thunderstorm along with light showers.The maximum temperature is likely to settle around 43 degrees Celsius.The weather agency in its latest weather bulletin said, “Isolated to scattered very light to light rainfall with thunderstorm, lightning & gusty winds (40-50 kmph) very likely over Punjab, Haryana-Chandigarh-Delhi, Uttar Pradesh and Rajasthan during 06th-07th June, 2024. Duststorm very likely over Punjab, Haryana-Chandigarh-Delhi, Uttar Pradesh on 06th and Rajasthan during 06th-07th June, 2024.

personal finance deadlines and events in India. Here’s a concise overview of some essential points to remember:Form 16: Employers typically provide employees with Form 16, a summary of their income and tax deductions for the previous fiscal year (2023–24), by June 15.For Indian employees, Form 16 is a crucial document. It is issued by your employer as a Tax Deduction at Source (TDS) certificate, which you subsequently turn in to the Department of Income Taxation.

Air India and Vistara, forming one of the largest airline groups globally, according to a PTI report.Following the merger announced in November 2022, Singapore Airlines will hold a 25.1 percent stake in Air India. Vistara is a joint venture between Singapore Airlines and Tata Group.Also Read | Air India to operate as merged entity from 2025, no Vistara brand by year-endThe Chandigarh bench of the NCLT issued a 31-page order approving the "composite scheme of arrangement" involving Talace, Air India, and Vistara — all part of the Tata Group.

ITC: Shareholders of ITC have approved the demerger of the company’s hotel business, paving the way for the listing of ITC Hotels. The decision was made during a virtual meeting, with 99.6% of shareholders voting in favor.

Air Canada says one of its flights from Toronto to Paris on Wednesday evening developed an engine issue shortly after take-off and had to land back at Pearson airport.

Gov. Glenn Youngkin says Virginia will abandon California’s stringent vehicle emissions rules aimed at reducing carbon pollution at the end of the year when that state’s current regulations expire

Fines against Toronto-Dominion Bank tied to U.S. money-laundering probes may total as much as US$4 billion following fresh allegations involving the lender, according to Jefferies Financial Group Inc. analysts — double previous estimates of the potential impact on Canada’s second-largest lender.

Certificate Programme in Data Analytics for Business Applications.This high-impact 7-months programme is meticulously designed for professionals from diverse backgrounds. It caters to early professionals seeking to elevate their understanding of data analytics for adept decision-making.

US trade deficit expanded slightly less than analysts expected in April, to the widest since late 2022, as imports rose more quickly than exports, according to government data released Thursday.

New York Times report.The Justice Department and the Federal Trade Commission (FTC) finalized the deal over the past week, with completion expected in the coming days. According to two sources familiar with the matter, who requested anonymity due to the confidential nature of the discussions, the Justice Department will lead the investigation into Nvidia, the top maker of AI chips.

NBCC (India), the state-owned construction firm, jumped 8.4% in today's early morning deals, reaching ₹141 apiece after the company received orders worth ₹491.45 crore from multiple clients.In an exchange filing on Wednesday, the company announced that it secured a ₹112 crore order from the Central Government Health Scheme (CGHS) for the construction of a multi-facility healthcare complex. Additionally, it won a ₹73.27 crore order from the Department of Social Security and Empowerment of Persons with Disabilities for the construction of the Infrastructure Complex (IIC) with peripheral development in Bargarh District, Odisha.Also Read: 4 auto stocks including Bajaj Auto, TVS Motor hit new all-time highs – here's whyThanks to strong order wins this year, the stock has rewarded shareholders with a return of 79% over the past six months and 219% over the last year.

Lebanese militant group, increasing the pressure on the Netanyahu government to secure its northern border, according to a report published by The Wall Street Journal. Hezbollah, a US-designated terrorist organization closely aligned with Iran, opened a battlefront with Israel on October 8, one day after the deadly Hamas-led raid inside Israel triggered the current war in Gaza.On Wednesday, Prime Minister Benjamin Netanyahu said that Israel was prepared for a “very intense operation" along the border with Lebanon.

weather department predicted heatwave conditions likely in a few parts of Uttar Pradesh and isolated pockets of Madhya Pradesh, Bihar, Odisha, and Jharkhand on June 8 and 9.Today, IMD has predicted heatwave conditions in isolated pockets of Uttar Pradesh, East Madhya Pradesh, Bihar and Jharkhand.

Moscow is edging closer to legalizing its fast-growing industrial crypto mining sector, following intensive lobbying from some of the biggest Bitcoin (BTC) miners in Russia.

Gleeson will depart in August to pursue another opportunity outside the firm, a spokesperson confirmed. He will work closely with the investment team to ensure a smooth transition, they added.  In the interim, fund management responsibilities will be taken over by the technology investment team and led by head of global thematic strategies and portfolio manager Tom Riley, as well as technology portfolio managers Brad Reynolds and Pauline Llandric. AXA IM to acquire US private equity boutique W Capital Partners «They are a team of experienced portfolio managers who have worked al...