Department Financial News

By Lucia Mutikani

(Reuters) — Futures for the S&P 500 turned positive on Friday after an uptick in the unemployment rate and slowing wage growth boosted expectations that the Federal Reserve could begin cutting interest rates by the middle of this year.

The Merlin range is a series of multi-manager portfolios which invest in a variety of funds. Whitmore manages the £2bn Jupiter UK Special Situations fund and the £926.8m Jupiter Global Value Equity fund, which are both currently included in the Merlin portfolios. Alliance Trust outperforms benchmark in 2023 Whitmore revealed he was departing from Jupiter in January, after 17 years at the firm, to set up his own boutique. In preparation for Whitmore's exit, Jupiter confirmed that the Merlin team is considering all options for the funds, which could include remaining with Jupiter, follo...

Karnataka high-level clearance committee chaired by chief minister Siddaramaiah on Friday approved an investment of Rs 2,095 crore from Wistron Infocomm, along with six new proposals and eight additional investment proposals. Wistron Infocomm has sought 15 acres of land at Narasapura industrial area in Kolar to assemble smartphones, IoT products and biotech devices.

spectrum auction starts May 20 where the government will put airwaves in eight key bands worth Rs 96,317.65 crore on sale. The Department of Telecommunication (DoT) on Friday issued the notice inviting application (NIA), which outlines the auction rules, seeking participation from telecom firms. In the upcoming auction, 5G airwaves in 800 MHz, 900 MHz, 1800 MHz, 2100 MHz, 2300 MHz, 2500 MHz, 3300 MHz and 26 GHz bands will be on sale.

Electric Bike Taxi Scheme, 2021, was withdrawn through a government order on 6 March. A Karnataka government order notified that the 2021 Karnataka Electric Bike Taxi Scheme has now been withdrawn. “It has come to our notice that certain private app-based firms are violating the Motor Vehicles Act and its rules and running illegal non-transport two-wheelers as the transport vehicles," it said.

CBI sleuths on Friday searched the residence of suspended TMC leader Shajahan Sheikh in Sandeshkhali in connection with its probe into an attack on an ED team in the area, officials said. The Central Bureau of Investigation (CBI) also visited areas near his house in Akunchipara locality of Sarberia to collect evidence in connection with the attack. Sheikh, who has been suspended from the ruling Trinamool Congress, was arrested in a case related to a mob attack on ED officials at Sandeshkhali in North 24 Parganas district of West Bengal on January 5 when the central agency had gone to search his premises in connection with an alleged ration distribution scam. The CBI team was also joined by forensic and ED officials to support the investigation.

bike taxi services owing to what the Congress regime sees as an apparent lack of encouraging response from ride-hailing services to offer services with electric two-wheelers and gross misuse of the present policy. Transport department has withdrawn the Karnataka Electric Bike Taxi Scheme, notified on July 14, 2021. ET had on February 9 reported the government planned to end the bike taxi scheme in the state.

Sarbananda Sonowal, has said that the UNNATI scheme announced by the Union cabinet is a gamechanger initiative by PM Narendra Modi, which is going to boost development of newer industries in the Northeast. Sonowal stated, “The UNNATI 2024 is a gamechanger initiative by PM Narendra Modi ji which going to boost development of newer industries in the Northeast. The vision of our Prime Minister Narendra Modi ji for the region as the Powerhouse of India's economic growth is being realised with this massive initiative for economic growth and huge prospect for employment generation in the region. With a financial outlay of more than Rs 10,000 crores, the Northeast adds another reason for newer investment by manufacturing companies to set up their plants. Modiji's commitment to empower 'Act East policy' through the UNNATI 2024 will not only propel growth in the region but also act as a multiplier for trade and commerce of India with Southeast Asia." The Union Cabinet approved the proposal of the Ministry of Commerce and Industry, Department for Promotion of Industry and Internal Trade for Uttar Poorva Transformative Industrialization Scheme, 2024 (UNNATI – 2024) for a period of 10 years from the date of notification along with 8 years for committed liabilities at a total cost of Rs.10,037 crore.

Congress leader said as quoted by PTI. However, the Congress leader denied and said that he was committed to Rahul Gandhi and Priyanka Gandhi Vadra and can't leave them. He also also Mann that if he wishes to join the Congress, he is welcome to join and should talk to the party leadership in Delhi, the Congress leader claimed as reported by PTI. “After this, there was no further discussion," he added.

A United Airlines jetliner that lost a tire on takeoff has made a safe emergency landing in Los Angeles

A major electrical transmission line proposal intended to carry power to New England from Canada through Vermont and New Hampshire has been canceled

The Miami Seaquarium, which was home to the beloved orca Lolita, is being evicted from it's waterfront location in Miami

SpaceX is set to acquire public land from Texas after the Texas Parks and Wildlife Commission approved a land-swapping deal that would cede 43 acres to entrepreneur Elon Musk's company in exchange for 477 acres that are yet to be bought

Mainstay Capital Management CEO David Kudla argues the Fed will be 'very cautious' and there won't be rate cuts for some time.

regional political parties in Kashmir alleged that a major section of the audience for Prime Minister Narendra Modi’s rally in Srinagar on Thursday consisted of government employees directed to attend the meeting by the administration. The leaders accused the administration in J&K of acting as ‘BJP pracharaks’ and mobilising people for the PM’s rally. Former chief minister of J&K Mehbooba Mufti while sharing a video on social media wrote that the government employees were ‘herded’ at 5 am in sub zero temperatures into vehicles at Budgam bus stand and ferried to PM’s rally. “Disheartening to see employees being forcibly mobilised to paint a pretty picture that all is well post 2019 and that people here are celebrating their own collective disempowerment and humiliation,” she wrote. The PDP leader said that this stands contrary to earlier visits by previous PMs like Atal Bihari Vajpayee and Dr Manmohan Singh at the peak of insurgency, when common people thronged to the venues with great enthusiasm and returned with hope in their hearts.

alcohol-related deaths, including 77 women, have been reported in Mizoram during the past ten months since April last year, state Health Minister Lalrinpuii informed the state assembly The Minister while replying to a query of ruling Zoram People's Movement (ZPM) MLA Jeje Lalpekhlua, said that 361 men and 77 women died due to alcohol related issues in between April last year and January this year. The previous Mizo National Front (MNF) government, as part of its election promises promulgated the Mizoram Liquor Prohibition Act, 2019 to curb the misuse of alcohol and drugs.

₹860-crore contract to make five PSLV rockets in four years. This capacity is now being ramped up through more private vendor participation. Another key area is in completely privatizing Isro’s small rocket—the Small Satellite Launch Vehicle (SSLV).

₹528.97 crore for the next two financial years (to FY26), a senior government official said. The scheme is aimed at supporting the development of improved varieties of tea to increase production and quality. India is the largest producer of black tea and the third-largest tea exporter, but exports dipped by more than 4% to $673 million during April-January this fiscal.

The Justice Department is stepping up its focus on artificial intelligence

A Montenegrin court has ruled that cryptocurrency mogul Do Kwon should be handed over to his native South Korea, the latest twist in the months-long legal procedure that followed the arrest of the Terraform Labs founder in the Balkan nation last year