Department Financial News

According to a letter sent to shareholders at the end of last week, the strategy's net assets had fallen to approximately €86m. Investors pull £1.1bn from Jupiter's value equity strategies in first quarter As a result of the diminishing assets, «the board of directors…has resolved to liquidate the fund», the letter stated. Lee Manzi and Makeem Asif will depart from Jupiter once the fund has finished its closing checks. A Jupiter spokesperson confirmed their exit from the asset manager, «once they have worked with us to close the fund and return money to investors.» However, t...

Bengaluru received 111 mm rainfall on June 2, breaking the 133-year record for the highest ever rainfall in a single day in June, Met department officials said. N Puviarasan, a scientist at India Meteorological Department (IMD), Bengaluru, confirmed to PTI that June 2 witnessed the highest single day rainfall in June in 133 years. He also said the rainfall received on June 1 and June 2 alone — 140.7 mm — surpassed the monthly average for June. According to 'X' user @Bnglweatherman, as per IMD, June 2 recorded 111 mm, which crossed the June month average of 110.3 mm, in a single day. He further said the highest single-day rainfall in June was recorded on June 16, 1891.

Relatives of passengers who died in two Boeing Max crashes are pushing federal officials to prosecute the company, but they're not getting any promises from the Justice Department

Federal officials say a former technology executive has pleaded guilty to fraud involving a scheme to artificially boost the share price of photo and video distributor Getty Images

The government on Tuesday reports the number of U.S. job openings in April

Water pressure is returning to downtown Atlanta and nearby neighborhoods

Atlanta officials were slowly repressuring the city’s water system after corroding water pipes burst in downtown and Midtown, forcing many businesses and attractions to close and affecting water service in area homes

Live Nation is investigating a data breach at its Ticketmaster subsidiary, which dominates ticketing for live events in the United States

BBC reported on 3 June.The Chinese ministry, in a post on its official WeChat channel, stated that MI6 operatives turned a Chinese man identified only by his surname Wang and his wife surnamed Zhou against Beijing, the report said, adding the duo worked in 'core confidential' departments in a Chinese state agency.ALSO READ: US and allies clash with China and Russia over North Korea's launches and threats to use nukesAccording to the report, the Chinese ministry also alleged the UK's Secret Intelligence Service began cultivating Wang in 2015 when he went to the UK for his studies under a Sino-British exchange programme."Wang was initially hesitant but could not resist [the operatives'] repeated persuasion, enticement and even coercion, and eventually agreed," BBC quoted the ministry said in a statement on WeChat, that added, "Under Wang's strong instigation, Zhou agreed to collect intelligence... and he and his wife became British spies."Adding more, China said that UK took 'special care' of Wang and invited him to dinners.

record-high temperatures. Sea surface temperatures have been record-high for the past 13 months, according to the WMO.The WMO said this is happening due to the naturally occurring El Niño — unusual warming of waters in the central and eastern Pacific Ocean — and the additional energy trapped in the atmosphere and ocean by greenhouse gases from human activities.Amid a prevailing but weakening El Niño, millions of people in South Asia, including India and Pakistan, endured brutal heat in April and May.The latest forecasts from the WMO Global Producing Centres of Long-Range Forecasts give equal chances (50 per cent) of either neutral conditions or a transition to La Niña during June-August.The chance of La Niña conditions increases to 60 per cent during July to September and 70 per cent during August to November.The probability of El Niño redeveloping is negligible during this time, the WMO said.While El Niño is associated with weaker monsoon winds and drier conditions in India, La Niña -- the antithesis of El Niño -- leads to plentiful rainfall during the monsoon.Last month, the India Meteorological Department had forecast above normal rain in the monsoon season in India with favourable La Niña conditions expected to set in by August-September.The monsoon is critical for India's agricultural landscape, with 52 per cent of the net cultivated area relying on it.

₹1.16 crore. However, the buyer proposed a tax-saving idea: make a separate agreement of ₹16 lakh for the furniture and fixtures. This strategy aimed to reduce the capital gains tax by declaring the property sale at ₹1 crore while selling the furniture separately and categorising them as personal effects, which are not taxable.

Also Read: Income Tax Return filing: 60 days to go! A lowdown on the tax forms you can opt forCorrectly filing your ITR form is essential for several reasons. Below is a summary of the principal advantages:Accurate ITR filing ensures that you fulfill your tax obligations, receive any benefits to which you are eligible, and maintain excellent financial standing for many reasons.Also Read: ITR Filing FY24: 6 key points taxpayers must know as July 31 deadline looms largeYou are required to file a revised ITR form if you find any errors or omissions on your initial return.

If a father transfers shares of a company to his daughter or son, are they liable to pay taxes? Several factors will determine the tax liability, including the genuineness of the transaction, the presence of a gift deed, the holding period of the shares, and more.

Israel seeks a 'governing alternative' to Hamas in Gaza. It's been tried and failed beforeIn the call with Gantz, Blinken "emphasized that Hamas should take the deal without delay," the department said in a statement.In a separate statement, the State Department said that in the call with Gallant, Blinken "commended Israel’s readiness to conclude a deal" and "underscored that the proposal would advance Israel’s long-term security interests, including by enabling the possibility of further integration in the region." Biden, whose initial lockstep support for Israel's offensive has given way to open censure of the operation's high civilian death toll, on Friday aired what he described as a three-phase plan submitted by the Netanyahu government to end the war.The first phase entails a truce and the return of some hostages held by Hamas, after which the sides would negotiate on an open-ended cessation of hostilities for a second phase in which remaining live captives would go free, Biden said.

Gold prices steadied on Monday as investors looked forward to more U.S. economic data for clues on when the Federal Reserve might start its monetary policy easing this year. FUNDAMENTALS

Telecom gear makers have pushed back on the July 1 deadline for mandatory security testing of WiFi customer premises equipment (CPE) and IP routers, demanding an extension of a minimum of two years and requesting the government to keep security certification on a voluntary basis for now.

a wind-driven wildfire that continued not only burning but spreading early Sunday in an area straddling the San Francisco Bay Area and central California, authorities said. “Strong winds and dry grass have made it difficult for firefighters to contain," Cal Fire said in a Facebook post Sunday morning.

Click here to read moreThe BJP campaign slogan ‘abki baar char sau paar’ had a halo effect on the stock market. The target of 400 seats was set as a psychological extension of the NDA’s massive 2/3rd majority in 2019 (352 NDA seats).

ALSO READ: Sourav Ganguly bats for Gautam Gambhir to replace Rahul Dravid as India Head Coach: 'He will be a good coach’The Board of Control for Cricket in India (BCCI) had set the deadline for the high-profile job as 27 May, but it needs to be clarified if Gambhir has submitted his application.Meanwhile, former India captain Sourav Ganguly said that Gambhir was a good candidate.“I would love to coach the Indian team. There is no bigger honour than coaching your national team.

Cyclone Remal made landfall in the coastal regions of Bangladesh, near Mongla port, and the adjoining Sagar Islands in India’s West Bengal state with wind speed of up to 135kmph (84mph), according to the India Meteorological Department (IMD). Remal began its landfall at about 9 pm in India on 26 May, a process that continued for about five hours, according to the regional meteorological office in Kolkata.

Hyderabad rains today trended on social media as netizens shared videos of rains that brought slight relief from heat. Monsoon typically reaches Telangana in second week of June. According to India Meteorological Department, favorable conditions are expected to facilitate the Southwest Monsoon's further progression into additional regions, including parts of the central Arabian Sea, Karnataka, Rayalaseema, and coastal Andhra Pradesh, as well as Westcentral and Northwest Bay of Bengal within the next 2-3 days. Currently, a cyclonic circulation persists over Coastal Andhra Pradesh and its vicinity, now situated over the westcentral area adjoining the southwest Bay of Bengal, extending from the south Coastal Andhra Pradesh to the north Tamil Nadu coasts at an altitude of 1.5 km above mean sea level.