Department Financial News

WASHINGTON (Reuters) — Sales of new U.S. single-family homes rose less than expected in January, likely curbed by frigid weather, but demand for new construction remains underpinned by a persistent shortage of previously owned homes.

By Jonathan Stempel

Yogi Adityanath on Monday inaugurated the Adani Ammunition Complex and Missiles Complex in Kanpur, the first leg of the state’s defence corridor. The South Asia’s largest manufacturing complex has been dedicated to the brave warriors of the Balakot strike who carried out 'Operation Bandar' in response to the Pulwama attack that claimed the lives of 40 Central Reserve Police Force (CRPF) soldiers. The two units are being projected as a symbol of India's journey towards self-reliance and technological prowess in the defence sector.

The misconception that cashless transactions are less traceable by the Income Tax Department has arisen due to the increasing prevalence of such transactions. Nevertheless, this belief is incorrect. This is because banks and other financial institutions must notify the Income Tax department of transactions surpassing a specified threshold. This encompasses card payments, UPI transactions, as well as cash deposits, and withdrawals beyond a designated limit.

Election Commission on Monday roped in banks and post offices to spread voter awareness as part of its efforts to increase voting percentage in the upcoming Lok Sabha polls. The poll panel has often expressed concern over urban and youth apathy with many registered voters not turning up at the polling stations to cast ballot in the previous elections. Over 30 crore of the 91 crore electors did not cast their ballot in the previous parliamentary polls. The Election Commission (EC) on Monday signed a memorandum of understanding (MoU) with two prominent organisations — the Indian Banks' Association (IBA) and the Department of Posts (DoP) — to amplify its voter outreach and awareness efforts ahead of the Lok Sabha elections.

The Conference Board delivers its latest monthly snapshot of U.S. consumer confidence Tuesday

Alkem Laboratories nosedived more than 13% on Monday, witnessing their biggest single-day fall in at least three years, following reports of a large-scale tax evasion by the drug major. According to reports, Alkem Labs allegedly claimed over Rs 1,000 crore in bogus deductions.

Internet services were suspended on Monday in Maharashtra's Jalna, Chhatrapati Sambhajinagar and Beed districts to maintain law and order in view of the Maratha quota agitation led by activist Manoj Jarange, officials said on Monday. As a precautionary measure, borders of these districts have also been sealed, they said. The internet services in the three districts have been suspended with effect from 6 am to 4 pm to avoid any untoward incident due to rumours on social media platforms, an official said quoting an order of the state home department. Three cases has been registered in Beed district for agitations without permission, another official said adding that two persons have been arrested for damaging a state transport bus.

According to the India Meteorological Department, the cyclonic circulation over Marathwada and its vicinity, situated at approximately 0.9 km above mean sea level, has weakened. Currently, a trough extends from Chhattisgarh to northern Tamil Nadu, passing through Vidarbha and interior Karnataka at the same altitude. The wind discontinuity from the aforementioned cyclonic circulation above Marathwada to Coastal Andhra Pradesh via Vidarbha and southern Chhattisgarh, also at 0.9 km above mean sea level, has diminished. In the weather forecast for Hyderabad over the next 48 hours, a partly cloudy sky is expected with misty/hazy conditions prevailing during the morning hours. Maximum and minimum temperatures are forecasted to be around 32°C and 21°C, respectively. Surface winds are anticipated to be from the southeast direction with speeds ranging from 06-10 kmph.

U.S. military service member set himself on fire, in an apparent act of protest against the war in Gaza, outside the Israeli Embassy in Washington on Sunday afternoon, authorities said. The man was transported to an area hospital after the fire was put out by U.S. Secret Service officers, DC Fire and EMS posted online. The man remains in critical condition, a Metropolitan Police Department spokesperson said Sunday afternoon. An Air Force spokesperson confirmed that the incident involved an active-duty airman. «I will no longer be complicit in genocide,» said the man, wearing military fatigues, in a video he broadcasted live over the internet, according to the New York Times.

WASHINGTON (Reuters) — President Joe Biden plans to meet with congressional leaders Tuesday to discuss funding the government as a partial shutdown deadline looms on Friday, the White House announced Sunday.

As per the Prime Minister’s Office (PMO), Modi will also lay the foundation stone for more than 200 Health Care Infrastructure Projects worth more than Rs 11,500 crore across 23 States and UTs. After inaugurating one in Jammu last week, during his visit to Gujarat, PM Modi is also set to inaugurate five more All India Institute of Medical Sciences (AIIMS) at Rajkot (Gujarat), Bathinda (Punjab), Raebareli (Uttar Pradesh), Kalyani (West Bengal) and Mangalagiri (Andhra Pradesh).

She is accused of defrauding the U.S. government and two Native American tribes.

Fazil Khan. The Indian Embassy in New York has offered support in the wake of this tragedy, stating that they are in contact with Khan's friends and family to provide assistance during this difficult time. “Saddened to learn about death of 27-year-old Indian national Mr.

PTI, Fazil Khan was killed in the fire that broke out in a six-story residential building at 2 St. Nicholas Place in Harlem, Manhattan that left about 17 other people injured. The New York City Fire Department said that its marshals have determined that the “devastating" fire was caused by a lithium-ion battery.

Indian national, who worked as a journalist here, tragically lost his life in a fire incident in an apartment building in Manhattan. Fazil Khan was killed in the fire that broke out in a six-story residential building at 2 St. Nicholas Place in Harlem, Manhattan that left about 17 other people injured. The New York City Fire Department said that its marshals have determined that the «devastating» fire was caused by a lithium-ion battery.

Himachal Pradesh, the local MeT office has predicted snowfall at many places in high hills from February 25 to March 1 and rains at a few places in mid hills on February 26, 27 and 29 and at many places on March 1 as a fresh western disturbance is likely to affect Himalayan region from February 26. The Met Office also issued a Yellow warning of thunderstorms and lightning at a few places on February 26, 27 and 29 and March 1 as a fresh western disturbance would affect the Himalayan region from February 26.

Directorate of Enforcement (ED) has summoned Niranjan Hiranandani, co-founder and managing director of real estate developer Hiranandani Group, and his son Darshan Hiranandani in a forex violation case. It asked them to appear at the agency’s south Mumbai office on Monday. Darshan Hiranandani was informed by email as he is a non-resident Indian (NRI) and lives in Dubai, people aware of the matter told ET. The agency has registered a case against the Hiranandanis and group entities under the Foreign Exchange Management Act (Fema), they said. On Thursday, the federal agency conducted searches at four sites linked to the realty firm in and around Mumbai, including Niranjan Hiranandani’s home as well as the registered and corporate offices of group entities. “There are certain transactions with which the duo need to be confronted and therefore they have been summoned on Monday,” said an official aware of the development. Ordinarily, while summoning a person for the first time in a case, the agency allows the option of being represented through legal counsel.

By Timothy Gardner and Daphne Psaledakis

Corona period, readings were not taken for many months. They filled out fake readings while sitting in the office. Because of that wrong bills started coming, and the public did not pay the bills.

Air Mauritius flight were stuck on the aircraft for over five hours at Mumbai airport on Saturday before the airline decided to cancel it, one among the flyers said. The Air Mauritius flight MK 749 from Mumbai to Mauritius was to depart at 4.30 am and passengers boarded the plane from 3.45 am onwards, he said. There were nearly 200 passengers on board, including a 78-year-old man who developed a breathing problem as the aircraft's air-conditioning system was not working, he alleged.