Department Financial News

Jos Buttler hit an unbeaten 100 to trump Virat Kohli's first century of the IPL season as Rajasthan Royals beat Royal Challengers Bengaluru by six wickets on Saturday. England's Buttler reached his ton, from 58 balls, with a six in his 100th IPL match when Rajasthan needed one for victory in their chase of 184, with five balls to spare in Jaipur. Buttler, who struck form after he scored 35 across the previous three matches, put on 148 runs for the second wicket with skipper Sanju Samson, who made 69.

Apple TV+, promising more laughs, drama, and philanthropic adventures with Maya Rudolph. Fans of the show can remember correctly that it's been a whirlwind journey since Molly Wells vowed to distribute $120 billion in the Season 1 finale of "Loot," but now, as Season 2 of the Apple TV+ comedy unfolds will the Wells Foundation fulfill her ambitious pledge?

IMD's special bulletin, the eastern, Central and Peninsular India will witness a fresh spell of thunderstorms accompanied with rainfall, gusty winds and hail from April 6. Odisha is likely to receive heavy rainfall at isolated places on April 8, and hailstorm on April 7, forecasted the weather department. Odisha, the special bulletin said, will receive light to moderate rain accompanied with thunderstorm and lightning at isolated places on April 6.

India Meteorological Department (IMD) has issued forecasts indicating the likelihood of heat wave conditions in specific areas across Tamil Nadu, interior Karnataka, Telangana, Odisha, Jharkhand, Gangetic West Bengal, Coastal Andhra Pradesh and Yanam, and Rayalaseema. Additionally, warm night conditions are expected in isolated pockets over North Interior Karnataka, Telangana, East Madhya Pradesh, Madhya Maharashtra, Marathwada, and Odisha. The period from April 6th to 10th will see hot and humid weather prevailing over various regions, including Kerala & Mahe, coastal areas of Saurashtra & Kutch, Coastal Karnataka, Konkan & Goa, and Coastal Andhra Pradesh and Yanam, and Rayalaseema, the IMD said. Maximum temperatures recorded on Friday soared between 40-43 degrees Celsius over most parts of Vidarbha and Odisha, among other regions, with temperatures exceeding normal levels by 2-4 degrees Celsius in certain areas. Furthermore, minimum temperatures were above normal by 3-5 degrees Celsius at a few places over Uttar Pradesh and at isolated places over Bihar, Gujarat Region, Madhya Maharashtra, West Bengal & Sikkim, Nagaland, Manipur, Mizoram & Tripura.

Stocks on Wall Street rallied and the dollar rose on Friday, as bond prices fell, after another blowout U.S. jobs report suggested the Federal Reserve may delay cutting interest rates while it awaits further inflation data. Gold prices hit record highs and the Mexican peso, which tends to benefit from strong U.S. consumer demand, appreciated the most since late 2015.

New Jersey at 17.59 local time on Friday. The quake was at a depth of 9 kilometres, according to the European Mediterranean Seismological Centre (EMSC). In a post on X (formerly Twitter), Governor of New Jersey, Phil Murphy wrote, “New Jersey just experienced an aftershock.

The hacking prowess seems to have taken a massive surge and the suspicion falls upon Xi Jinping's China government which has a long history of cyber-hacking Western government officials, mostly in the United States and United Kingdom.

₹263.70 crore, including interest and penalty from the Maharashtra State Goods & Service Tax (GST) Department. In a regulatory filing to the stock exchanges, the Kingfisher Beer manufacturer said, "The Deputy Commissioner of State Tax, Raigad Division, Maharashtra State GST Department passed an order levying an additional tax of ₹1,19,82,34,560, interest of ₹1,15,03,04,218 and penalty of ₹28,86,97,379 -- totalling to ₹2,63,72,36,156 for FY 2019-20.'' Also Read: United Breweries Q3 FY24 results: Profit at ₹85.34 crore, Revenue increased by 12.28% YoY UBL said the tax demand order passed by the GST department was for fiscal year 2019-20 (FY20).

World markets today: US stocks surge on robust jobs data; Krispy Kreme, Shockwave Medical among top gainers on NYSE “Gold and silver closed on a mixed note, after both precious metals hit fresh lifetime highs in the domestic market. Silver fell after reaching its highest level since June 2021, as investors awaited the important US employment data for fresh indications regarding the Fed's monetary easing. Gold and silver are also getting support due to escalating tensions in the middle-east.

A 'Mornings with Maria' panel reacts to the March jobs report, the Fed's expected rate cuts, inflation, A.I. stocks and Biden's 2025 budget proposal.

Federal Reserve Governor Michelle Bowman said Friday that it's possible interest rates may have to move higher to control inflation, rather than the cuts her fellow officials have indicated are likely and that the market is expecting.

Montenegro’s top court has overturned a decision to hand over a South Korean mogul known as “the cryptocurrency king” to his native country

Apple is laying off more than 600 workers in California, marking the company’s first big wave of post-pandemic job cuts amid a broader wave of tech industry consolidation

Federal officials are looking into an engine fire on a Southwest Airlines plane

US hiring rose much more than expected last month, according to government data published Friday, keeping up the pressure on the Federal Reserve as it weighs when to start cutting interest rates. The world's largest economy added 303,000 jobs in March, up from a revised 270,000 new jobs created a month earlier, the Department of Labor announced.

The Bahnsen Group CIO David Bahnsen previews Fed Chair Jay Powell’s testimony before Congress and shares his expectations for upcoming job data.

Comparing the statistics between the two cities, the Indian Institute of Science's latest study underscores a striking resemblance. Over the years, Bengaluru's urban sprawl has surged from a mere 8 per cent in 1973 to a whopping 93.3 per cent in 2023, marking an unprecedented 1055 per cent increase in concrete structures. This unchecked expansion has led to a drastic 79 per cent reduction in water spread area, significantly impacting water availability. Hyderabad's trajectory isn't too far off. Data from the municipal administration and urban development department (MAUD) indicates a substantial surge in commercial and residential built-up areas. Between 2010 and 2014, the city witnessed a growth of 50.7 million square feet (sft) in commercial built-up area, followed by an expansion of 100.4 million sft from 2015 to 2019. Additionally, the built-up residential area saw a surge of over 500 million sft from 2015 to 2021. Although precise current figures are unavailable, experts estimate a surge of 70 per cent to 80 per cent in the last three years.

Immigration Services (USCIS) has unveiled a temporary final rule (TFR) to make work permits more accessible to immigrants. This move builds upon recent efforts to modernize immigration processes, particularly regarding eligibility for employment authorization documents (EADs). Under the new rule, the automatic 180-day period for certain EADs will be extended to 540 days. This decision follows substantial improvements in EAD processing times over the past year, ensuring that work-authorized noncitizens do not face interruptions in their employment status while awaiting USCIS decisions on EAD renewal applications. By extending the validity period of EADs, the USCIS aims to maintain continuity for both immigrants and US employers. The Biden Administration has been actively working to integrate work-authorized individuals into the labor force, thereby supporting local economies.

According to the US Treasury Department, the fintechs, along with two individuals, have "either helped build or operate blockchain-based services or enabled virtual currency payments in the Russian financial sector, thus enabling potential sanctions evasion".

Jonathan Levin, an economist and Stanford alumnus who led the Stanford Graduate School of Business as dean for the last eight years, was appointed the next president of Stanford University, the Board of Trustees announced on Friday. Levin will assume office effective August 1, 2024. Jerry Yang, BS, MS ’90, chair of the Board of Trustees, thanked the 20-member Presidential Search Committee (PSC) for their work, and said Levin was the unanimous choice of the search committee and of the trustees. The PSC conducted a comprehensive search for Stanford’s next president. Levin will become president effective Aug. 1, 2024.

Airtel and Reliance Jio, found themselves on a new battlefront — the satellite communication or satcom, a futuristic technology that promises to revolutionise India's telecom sector. Companies such as Reliance Jio’s JV with Luxembourg-based SES; Starlink; Amazon; Bharti-backed OneWeb; and the Tata-Telesat combine are working on creating a constellation of satellites to deliver ‘broadband-from-space’ services in India. India's current telecom market has just two big players, Reliance Jio and Bharti Airtel, but satcom will attract more big players. Since satcom does not require installation of towers on earth, the entry barrier is not as formidable as it is in traditional terrestrial mobile telecom.