Department Financial News

Nippon Steel says it has postponed the expected closing of its $14.1 billion takeover of U.S. Steel by three months after the U.S. Department of Justice requested more documentation related to the deal

Tanzania's meteorology department says Cyclone Hidaya has significantly weakened as it approaches Tanzania’s coastline

The government and Google are making their closing arguments in a high-stakes antitrust trial to a federal judge in Washington who must now decide whether the tech giant’s search engine constitutes an illegal monopoly

Boeing is already facing questions about quality and safety of its aircraft, and now it has a labor showdown on its hands in Seattle

Boeing has locked out its private force of firefighters who protect its aircraft-manufacturing plants in the Seattle area and brought in replacements after the latest round of negotiations with the firefighters’ union failed to deliver an agreement on ...

Three anti-wind power groups are suing New Jersey to overturn a key environmental approval for a wind energy farm planned off the coast of Long Beach Island

WASHINGTON—U.S. District Judge Amit Mehta heard two days of closing arguments last week in the government’s landmark antitrust case against Google. Mehta lobbed skeptical questions toward lawyers for both sides, along the way dropping hints about how he’ll rule when he hands down his long-awaited written decision.

ALSO READ: Instagram to penalise reposting of content from others: Here's what is going to change According to The Telegraph, the 23-year-old social media influencer was suspected of having an affair with a drug trafficker, Leandro Norero – who died during a prison riot over a year ago. Though not confirmed, police suspect Norero's widow might have ordered the murder. Earlier, Goyburo's name even appeared in a corruption enquiry that linked judicial officials to organised crime, added the report.

Jammu-bound train detached from its coaches in Sirhind in Punjab on Sunday, officials said. The incident occurred after the train departed from the Sirhind railway station and the locomotive travelled for three kilometres without its coaches, they said. Keymen, working on section of the Delhi-Katra railway route, alerted the locomotives driver, the officials said. They said its seems that the detachment happened due to loose coupling.

interest rate alone may not help with the repayments by home loan borrowers. Prudential measures like risk weights and loan to value adjustments along with interest rate are more effective in repayments of loans and help in housing credit growth as well as controlling the asset quality of banks' home loan portfolio, a research paper supported by the Reserve Bank shows. «Banks’ capital adequacy had a positive impact on housing credit growth. Macro prudential policies and monetary policies were more effective when used in tandem. Macro prudential policies were not weakened by business cycle booms. While macro prudential policy alone did not seem to affect housing sector NPAs, tighter Macro prudential and monetary policies in conjunction could help to reduce the NPA ratio in the housing sector» said a research paper titled " Assessing the Impact of macro-prudential Policies on Housing Credit Dynamics: Evidence from India" The research paper written is jointly by Amar Nath Yadav, Vivek Kumar and Jyoti Kumari of the Reserve Bank of India's Department of Statistics and Information Management and the external contributor Alok Kumar Chakrawal, vice-chancellor of Guru Ghasidas Vishwavidyalaya, Chhattisgarh. The views expressed are not necessarily of the central bank.

foreign exchange reserves declined for the third week, after having risen for the seventh straight week to hit an all-time high of USD 648.562 billion. As per the latest data released by the Reserve Bank of India (RBI), the country's foreign exchange kitty declined by USD 2.412 billion to USD 637.922 billion in the April 26 week. India's foreign currency assets (FCA), the biggest component of the forex reserves, declined by USD 1.159 billion to USD 559.701 billion, the central bank's weekly statistical data showed.

Uttarakhand Police on Saturday arrested three people from Bihar for allegedly promoting forest fires in the state, officials said. According to the police, a video came to light after it went viral on social media platforms wherein the three youths were promoting forest fires. In the purported video, a youth can be heard saying, «Nobody challenges those who play with fire...and Biharis are never challenged.»

Biden and Donald Trump are two presidents with unfinished business and an itch to get it done. Their track records and plans on abortion, immigration, taxes, wars abroad — you name it — leave no doubt that the man voters choose in November will seek to shape the landscape of American life in ways wholly distinct from the other.

Francis Ford Coppola's ambitious project 'Megalopolis' unveils its first teaser, showcasing Adam Driver in a daring stunt. The film, self-financed by Coppola, promises a star-studded cast and a gripping narrative set against the backdrop of a post-apocalyptic New York City. Coppola's Passion Project

The IRS says it's taken steps to address a wide disparity in audit rates between Black taxpayers and others filers

India Meteorological Department (IMD) and Indian National Centre for Ocean Information (INCOIS), the sea will witness a “swell of surge waves" from 11.30 am on Saturday to 11.30 pm on Sunday, the civic body said. During this time, the height of the waves will rise by 0.5 to 1.5 metres, it said.

income tax return (ITR) filing process commenced for FY 2024. The income tax department (ITD) has already enabled all the return filing forms – ITR-1, ITR-2, ITR-4 and ITR-6 — for filing the returns at the e-filing portal. The department has released the excel utility of ITR-6 for AY 2024-25.

spice mill in Modinagar on Thursday revealed that industrial color used to dye clothes was allegedly mixed with turmeric and chili powder to make them appear brighter. Officials from the food safety department said they found multiple packets of synthetic color with warnings of “for industrial use only” and “poisonous” printed on them. Around 200kg of turmeric and 150kg of red chili powder were seized from the premises of Annapurna Flour Mill, owned by businessman Ashok Garg. Till late on Friday evening, officials had yet to lodge any complaint against him. “When we took the spice samples in our hand, we could feel the extra gritty texture between our fingers. We don’t even allow food color in spices because they have their own color. Adding synthetic colors, which are only for industrial use, is a serious offense. It can be toxic,” said Meera Singh, the food safety officer.

Google and the US Justice Department wrapped up closing arguments on Friday over claims that the Alphabet unit has unlawfully dominated web search and related advertising, in a case the government contends could shape the «future of the internet.» US District Judge Amit Mehta in Washington for hours grilled both sides with questions, probing whether competitive platforms such as ByteDance's TikTok and Meta's Facebook and Instagram are competitive substitutes for search advertising dollars.

aircraft-manufacturing plants in the Seattle area Friday night unless the workers accept the company's last offer on wages. The company said the two sides were far apart in negotiations. It described the lockout as a precautionary move because the union could go on strike at any time once the current contract expires at midnight local time.

With new allegations emerging surrounding U.S. anti-money-laundering investigations into Toronto-Dominion Bank, the lender could face a much higher fine than previously expected as well as a significant hit to its long-term financial performance, according to analysts at National Bank of Canada.