Department Financial News

Also read: Campus gloom at IITs on hiring lull, stagnant salariesA student at IIT Delhi who was placed in the first phase said that from every stream, some students are yet to be hired. "The placement team is reaching out to alumni several times, and students were asked to fill up forms on whether they would still want the placement team to get them a job so that the college can keep a track on who needs to be placed.

Czech constitutional court on Wednesday said it had allowed the extradition of an Indian citizen suspected of involvement in an alleged plot to kill a Sikh separatist in the United States. The US Justice Department last November charged Indian citizen Nikhil Gupta with plotting to assassinate a Sikh separatist leader Gurpatwant Singh Pannun on US soil.

Two private investment firms have created a platform to help athletic departments find funding with college sports on the verge of sweeping change that could have long-term financial implications

Rajasthan continued to reel under the grip of severe heat conditions with Barmer recording the highest temperature at 48 degrees Celsius on Wednesday. Looking at the situation, the state government cancelled the leaves of all divisional commissioners, additional divisional commissioners, district collectors, additional district collectors and sub divisional officers till further orders. Health authorities had already cancelled the leaves of all doctors and paramedical staff in government hospitals as temperatures soared in the state. The maximum temperature recorded during the day was 48 degrees in Barmer, 47.8 degrees in Phalodi, 47.6 degrees in Fatehpur (Sikar), 47.5 degrees in Churu, 47.2 degrees in Jalore and Jaisalmer, and 47.1 degrees Celsius in Vanasthali (Tonk).

heatwave conditions, there is also a major risk to public health. Over the next five days, there could be high to extremely high heatwaves in several regions of the nation, according to the India Meteorological Department (IMD).

Delhi's maximum temperature on Wednesday reached 43.4 degrees Celsius, three notches above the season's average, and remained in the 'Yellow' alert zone, according to the India Meteorological Department (IMD). There is a very high likelihood of developing heat-related illnesses and heat stroke in people of all ages, and a significant health concern for vulnerable individuals, such as infants, the elderly, and those with chronic diseases, the weather office said. «Avoid heat exposure and keep cool. Avoid dehydration,» the IMD advised, adding that people should drink sufficient water and use ORS or homemade drinks like lassi, torani (rice water), lemon water and buttermilk to stay hydrated. According to the IMD, the city will be on orange alert on Thursday.

Karnataka's IT/BT Minister Priyank Kharge on Wednesday said startups, entrepreneurs, venture capitalists and industry captains have been forced to take a “stand” or “endorse” the NDA regime, despite the government having done little to address their issues. «Single handedly, #ModiSarkar has destroyed the ecosystem with Angel Tax and the Govt’s GST killed the gaming industry,» Kharge posted on social media platform X.

Toronto-Dominion Bank and its U.S. money-laundering woes are set to dominate the start of Canadian bank earnings season this week.

Regional Meteorological Department of Rajasthan, in view of the searing and scalding heatwave has issued a red and orange alert for various districts. After the temperature breached the mark of 46 degrees Celsius, the Regional Meteorological Department has expressed the possibility of daytime temperature crossing the mark of 48 degrees Celsius and above in various parts of Rajasthan. Speaking to ANI, Radhe Shyam Sharma, Director of the Regional Meteorological Center, Jaipur said, «There is no respite from the scorching heat, as temperatures have already crossed the mark of 46 degrees Celsius and now mercury is intended to rise beyond 48 degrees Celsius.»

heatwave conditions in several parts of eastern and southern India. People eagerly await monsoon 2024 for respite from the hot and humid weather. The India Meteorological Department on Wednesday predicted that a southwest monsoon will likely hit Kerala on May 31, with a model error of four days on either side.

South Africa’s Department of Home Affairs has refiled significant changes to its work-permit regime, allowing the creation of a "nomad visa" for remote workers. The changes, gazetted on May 20, became law after a previous withdrawal due to procedural lapses in public commentary periods. The new visa aims to attract remote workers employed and paid by foreign companies, provided they earn at least 1 million rand (approximately $55,404) annually. This visa also includes a short-term tax exemption. This move, recommended by the office of the president, addresses criticism from major foreign-owned employers struggling to get technicians and executives into the country due to South Africa's complex permit system. The system's delays, exacerbated by a lack of local skilled workers, have left companies in a bind, with some applicants waiting over a year for a work permit.

Afghanistan's Taliban have confirmed the resumption of Turkish Airlines flights to Kabul’s international airport

The European Union has reprimanded Kosovo over the unilateral closure of six branches of a Serbia-licensed bank

A Texas petrochemical company has pleaded guilty to a violation of the Clean Air Act and agreed to pay more than $30 million in connection with two explosions that injured workers and caused the evacuation of thousands

The sale will be allocated in increments of 100,000 barrels at a time.

Heat wave to severe heat wave conditions are expected to persist over the plains of Northwest India and heat wave conditions over northern Madhya Pradesh and Gujarat State for the next five days, according to India Meteorological Department. Heat wave to severe heat wave conditions have been observed in many parts of Haryana and Delhi, and in some parts of Punjab. Heat wave conditions are also present in parts of Rajasthan and Uttar Pradesh, with isolated pockets in Gujarat and Madhya Pradesh. These conditions have been prevailing over the Gujarat region since May 15, Saurashtra & Kutch since May 16, and over Punjab, Haryana-Chandigarh-Delhi, Uttar Pradesh, and Rajasthan since May 17, 2024. Sirsa (Haryana) had recorded a temperature of 47.8 degrees on Tuesday while Najafgarh (Delhi) was the hottest in India on Monday, recording a temperature of 47.4 degrees.

Heatwave Alert LIVE updates: The India Meteorological Department (IMD) issued a warning on Wednesday of an impending severe heatwave across several states in North India, including Rajasthan, Punjab, Haryana, Delhi, and Uttar Pradesh. The warning comes after a scorching May 21, when maximum temperatures soared beyond 45 degrees Celsius in these regions.The weather office stated that heatwave to severe heatwave conditions are expected in Punjab, Haryana, Delhi, Rajasthan, Uttar Pradesh, and Madhya Pradesh until May 25.

Pune city, had its permanent registration pending since March due to the owner's failure to pay ₹1,758 in fees, PTI reported. The vehicle in question was a luxury electric sports sedan, the Porsche Taycan, reportedly driven by a 17-year-old son of a well-known builder.

Top Events on May 22: India is set to witness various political, legal, technological, and sports events today, May 22, Wednesday. PM Modi will hold a Lok Sabha election rally in Delhi, while the weather office has issued heatwave alert till May 22. Take a look at top events of the day below, - Prime Minister Narendra Modi will address a public rally in West Delhi's Dwarka constituency to support the Bharatiya Janata Party (BJP) in the Lok Sabha elections on Wednesday.

If the final version of the Retirement Security Rule stoked the fire within Marc Cadin, the CEO of Finseca, the subsequent InvestmentNews editorial fanned the flames.

highest ever in the history of the national capital". "Fourth day in a row, Delhi’s peak power demand crossed 7000 MW. For the first time, Delhi’s peak power demand likely to cross 8000 MW, DISCOM officials were quoted by news agency ANI as saying.