Department Financial News

Chinese tech companies, including memory chipmaker ChangXin Memory Technologies Inc., according to people familiar with the matter, in a fresh bid to restrain the Asian country’s development of advanced semiconductors. The US Commerce Department’s Bureau of Industry and Security is considering adding ChangXin to its so-called Entity List, which restricts companies’ access to US technology, said the people, who asked not to be identified because the conversations are private. BIS is also considering restricting five other Chinese firms, the people said, while emphasizing that the list isn’t final.

Shahjahan Sheikh, appeared before the Basirhat court on Sunday. The court is set to deliver a verdict on his custody, marking the end of his 10-day police remand. Earlier in the day, Sheikh Shahjahan was brought out of the Central Bureau of Investigation (CBI) office at Nizam Palace in Kolkata on Sunday.

ByteDance to divest TikTok, rather than simply banning the short video app used by 170 million Americans, the Justice Department told Congress in a document seen by Reuters. Lawmakers and the Biden administration say TikTok poses enormous national security risks because the Chinese government could gain access to data from millions of American users.

Arun Goel before the Lok Sabha elections, emphasizing the widespread concern across the nation regarding the upcoming Lok Sabha polls. Congress General Secretary KC Venugopal also slammed the Centre and said that the government is uninterested in ensuring a transparent and impartial electoral process. Also Read: Lok Sabha polls LIVE The resignation of Election Commissioner Arun Goel was announced on Saturday and subsequently accepted by the President.

The Justice Department has started a criminal investigation into the Alaska Airlines incident where a door panel blew out mid-air two months ago, The Wall Street Journal reported Saturday.

skydiving in Madhya Pradesh, exploring a “seabeach” in Rajasthan or going on a temple trail in Goa? You could even board a special tourist train to cover lesser-known spots in Uttarakhand. State tourism departments across the country are working on promoting new destinations and activities in a bid to attract more travellers, said officials. While Goa, for instance, wants tourists to explore more of the coastal state beyond its beaches, Rajasthan wants to develop destinations other than forts and palaces, they said.

charge as Election Commissioner on November 21, 2022. He is an Indian Administrative Service (IAS) officer of the 1985 batch, Punjab cadre. Arun Goel served as a secretary at the Ministry of Heavy Industry, Government of India, after more than 37 years of service.

Samajwadi Party chief Akhilesh Yadav on Saturday termed the upcoming Lok Sabha elections as the one meant to save the Constitution and the democracy. «This is the election to save the Constitution and the democracy. This is the election to save reservation and save one's own honour. At one point of time, 'Samudra Manthan' (churning of the sea) had taken place. This is the time for 'Samvidhaan Manthan',» Yadav told reporters at his party office here. «On one hand, there are people who want to defend the Constitution, and on the other hand, there are people who want to end the Constitution,» he added. The Samajwadi Party (SP) chief said the people of Uttar Pradesh give a grand welcome and also bid a great farewell.

food poisioning case, as many as 76 students were hospitalised in a Greater Noida hostel after they consumed food made for those observing Mahashivratri fast. The incident happened in Aryan Residency in the Knowledge Park area where students of different colleges were staying. The students had 'puris' made of 'kuttu ka atta' (buckwheat flour) on account of Mahashivratri on Friday. Soon after many of them complained of uneasiness, dizziness and vomiting.

Donald Trump on Friday posted a $91.6 million bond to cover the defamation verdict in favor of writer E. Jean Carroll, and began his appeal of the case that arose from his branding her a liar after she accused him of raping her decades ago. The bond from Federal Insurance Co, part of the insurer Chubb, would cover Carroll's $83.3 million judgment if Trump were to lose his appeal of the Jan. 26 verdict and refuse to pay.

PTI has reported. The weather department has also predicted isolated light to moderate rainfall or snowfall over Jammu-Kashmir, Ladakh, Gilgit-Baltistan, Muzaffarabad, Himachal Pradesh on 10th March while scattered to fairly widespread light to moderate rainfall or snowfall with isolated thunderstorms, lightning over the region during 11th-14th March. For today, IMD has predicted dry weather in districts of Uttarakhand.

PTI, Chhattisgarh Chief Minister Vishnu Deo Sai announced this decision after watching the film, which focuses on the abrogation of provisions of Article 370 of the Indian Constitution granting special status to Jammu and Kashmir, at a mall in the evening. A day before, the BJP government in neighbouring Madhya Pradesh had decided to give the film the tax-free status. “Sai was accompanied by wife Kaushalya Devi Sai and cabinet colleagues Ramvichar Netam and Kedar Kashyap," a statement issued by the state public relations department said.

finance ministry ordered state-run banks to review gold loan processes amid fears about risky debt given a rally in prices of the metal, said people familiar with the matter. The worry is that the surge led to lenders giving top-up loans over existing debt, said people familiar with the matter. In a February 27 letter to all PSU bank chiefs, the department of financial services (DFS), part of the finance ministry, has asked banks to review every gold loan account since January 1, 2022, assess the collateral value, analyse collection charges and check if there has been any evergreening. The concern comes amid a 17% rise in gold loans on a year-on-year basis and a 16.6% rally in the yellow metal's prices. Loans against gold jewellery stood at ₹1,01,934 crore as of January 26 and gold prices have touched a high of ₹65,140 per 10 grams on March 5. The finance ministry stated that it had noticed instances of non-compliance regarding the gold loan portfolio and had hence issued the directive.

foreign portfolio investors (FPIs) have been asked by the Indian tax office on whether they have borrowed money to trade on stock exchanges. It’s unclear why the information was sought, but the Income Tax (I-T) department has directed these offshore funds to disclose the identities of the lenders, the latter’s source of money, and the nature of agreement between the two parties. The move to fish out such information could well be to trace any possible and indirect links between overseas portfolio managers with Indian companies and promoters, feel some of the tax and finance professionals.

Terra founder Do Kwon has been caught in a legal battle between the United States and South Korea over which nation gets to extradite the crypto mogul to their turf.

By David Shepardson

three of its four leases in the Butler Valley Basin would not be renewed. Fondomonte was simultaneously notified that the fourth lease would be canceled as well.

Federal Reserve policymakers weighing when to start interest-rate cuts got another reason Friday to sit tight for now, after a government report showed jobs growth surged in February but the overall labor market continued to show signs of cooling. Employers added a robust 275,000 jobs last month, a Labor Department report showed on Friday, handily beating the 200,000 that economists expected.

As per an internal assessment, there are about 10,000 cases where taxpayers have received notices from both the central and state GST authorities. Courts have made adverse comments in many such cases of parallel investigations. The matter was discussed at a recent meeting of enforcement officials from the central and state GST departments, chaired by union finance minister Nirmala Sitharaman. «There are instances where both the Centre and states have issued notices or have started investigations in the same case. We are working on a detailed directive on that,» a senior official told ET.

By Ann Saphir and Howard Schneider

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