Department Financial News

India is slowly becoming a convenient hub for travel between Southeast Asia and the Middle East as airlines prefer to transfer people by connecting through Indian cities, a top industry official said. There is huge growth in India and many domestic routes are used by airlines for connectivity, V Sumantran, the Chairman of the Board of Directors of InterGlobe Aviation Ltd (IndiGo Airlines) said here on Saturday. Delivering his address at the 65th Institute Day of the Indian Institute of Technology, Madras, he said that IndiGo Airlines started off as a low-cost airline in 2006 and has made the largest single order in the aviation industry by ordering 500 aircrafts in France. «India needed an airline that will provide affordable travel for many of us and the net result we can see. Even now we see India really moving forward with a lot more speed on infrastructure development. We have about 140 operating airports now and that would become 220 by 2030. We are seeing a huge increase in regional travel,» Sumantran, an IIT-Madras alumni, said.

Narendra Modi is scheduled to arrive in Bengaluru on Saturday afternoon, the city police department has issued a traffic advisory to alleviate congestion and facilitate uninterrupted traffic flow for commuters. Meanwhile, security measures have been beefed up during the VVIP movement.

Chef Andrew Gruel discusses how California's minimum wage hike is resulting in layoffs on ‘The Bottom Line.’

Rahul also surpassed MS Dhoni's record for most fifties by a wicketkeeper in IPL history. Rahul hit his 25th half-century against CSK, moving one ahead of MS Dhoni, who held the record with 24 half-centuries. KL Rahul battled injury problems before the IPL, which also forced him to miss part of the India-England Test series.

Alejandro Mayorkas, whose impeachment charges were dismissed this week. Gov. Michelle Lujan Grisham says she voiced concerns that the scrutiny of cannabis companies appears to be greater in New Mexico than states with regulated markets that aren't along the U.S.

The U.S. Border Patrol is asserting its authority to seize cannabis shipments amid complaints by licensed cannabis suppliers that shipments worth more than $300,000 have been confiscated in recent months at Border Patrol checkpoints in southern New Mexico

Tesla's Elon Musk likely to unveil ₹3 billion India investment during visit Additionally, he was likely to explore opportunities for his satellite internet business, Starlink, in India, pending regulatory approvals. Musk had in the past called for import duty reduction in India for it to be able to sell Tesla cars in the country.

The Biden administration has finalized rules that would restrict new oil and gas leasing and development in portions of a federal petroleum reserve in Alaska that are considered particularly sensitive as the Arctic continues to warm

TORONTO — TD Bank chief executive Bharat Masrani says he hopes to be able to say more soon on the investigation into the bank’s anti-money laundering measures.

The U.S. has hit Iran with a new wave of sanctions and export controls in response to the country’s recent air attack on Israel, a move aimed at grounding Iran’s drone program and pinching its national revenue. The U.S.

The ONS figures, published today (19 April), showed sales were «mixed» within retail, as fuel and non-food stores sales increased by 3.2% and 0.5%, respectively, over the month. This was offset by drops in both food stored and non-store retailers sales of 0.7% and 1.5%, respectively, the ONS noted. Department stores suffered the most in March, with sales volumes dropping 3.8%. UK inflation falls less than expected over March to 3.2% However, on a quarterly basis, sales volumes rose by 1.9% in the first quarter of the year from the last three months of 2023, which suffered low sales...

The number of Americans filing for jobless benefits didn’t change last week as the labor market continues to defy efforts by the Federal Reserve to cool it off

The Biden administration is moving to let conservationists lease government land for restoration

Russian Ministry of Internal Affairs officials took a $53.2 million Bitcoin and ETH bribe from a crypto exchange executive, a major newspaper in the country claimed this week.

Congressional Budget Office director Phillip Swagel analyzes where lawmakers stand to slow down debt growth.

Toronto-Dominion Bank is confronting shareholders at a moment when investors and executives alike are clamouring for clarity on potential penalties in a U.S. probe and the future of the firm’s leadership.

anthrax and small pox. The US officials' warning was reported by UK-based The Times in an article titled "Adherence to and Compliance with Arms Control, Nonproliferation and Disarmament Agreements and Commitments". North Korea have remained a coenobite when it comes to foreign reporting.

Asian central banks to focus on domestic inflation and avoid tying their policy decisions too closely to anticipated moves by the U.S. Federal Reserve. Receding expectations for a near-term interest cut by the Fed have fed steady dollar gains that have pushed down some Asian currencies such as the Japanese yen and the South Korean won.

Indian Institute of Science (IISc) on Thursday announced the launch of the Longevity India Initiative, a project focused on efforts to extend human 'healthspan' and tackle ageing-related challenges. The initiative has also started a large-scale clinical study that will involve researchers from multiple IISc departments, clinicians, industry, philanthropists and civil society, according to a statement from IISc. This initiative seeks to enhance the understanding of ageing through both fundamental and applied research, and to develop solutions that can improve quality of life. The initiative has received initial grant funding support from Prashanth Prakash, founding partner at Accel India, the statement added.

Employees who invest in health savings accounts use health care services differently than those with a preferred provider plan, according to new research.

India is prepared to take adequate steps to mitigate any impact of the Iran-Israel conflict on its economy and will «remain alert», Finance Minister Nirmala Sitharaman said on Thursday. «Can't say that we are fully ready. As developments unfold, we are preparing to take adequate steps in India's interests,» Sitharaman told the CNBC Awaaz news channel in an interview. The conflict has not yet significantly impacted global oil prices. However, any escalation of tension in the oil-rich middle east could raise India's oil import bill. India is the world's third biggest oil importer, and ships in about 85% of its oil needs from overseas.