Department Financial News

Keith Wakefield, the former head of municipal bond trading at the defunct IFS Securities Inc., was found guilty of securities and wire fraud Wednesday, according to a report from Law360, an online courthouse news service.

₹25,000 crore in the coming months, reported Moneycontrol. Also Read: Financial services secy meets private insurers, discusses key issues According to the MC report, the Central Board of Direct Taxes (CBDT) is doing a reassessment of the tax paid by insurance companies in certain years before April 1, 2023. All the income tax notices will be sent to the insurance companies which paid extra commission during the period, by March this year.

legal risk, cyber risk and the impact artificial intelligence and machine learning (AIML) will have on the banking system as these new technologies take shape for a larger role in public like Reserve Bank of India (RBI) deputy governor T Rabi Sankar said. Sankar who oversees the department of fintech, currency management and department of payment and settlement systems at the RBI among others said banks as risk managers have to be aware of the changes AIML will bring even as they figure out the implementation of these technologies in day to day operations. He suggested that it would be better if the training of people and upgrade of systems can be co-ordinated between banks by industry bodies like the Indian Banks’ Association (IBA) because the nature of AIML technology is very different from before.

HUDCO), is in talks with the government of Maharashtra to support infrastructure and housing projects in the state with funding of over Rs 30,000 crores, said a top company official. “We are in talks with the government of Maharashtra and development agencies involved in developing roads, infrastructure, and housing projects in the state to support several projects. We had a few meetings earlier this week too,” said Sanjay Kulshrestha, chairman & managing director, HUDCO. The public sector undertaking engaged in housing finance and infrastructure project finance is in talks with development bodies including Mumbai Metropolitan Region Development Authority (MMRDA), Maharashtra State Road Development Corporation (MSRDC), Thane Municipal Corporation, state government’s Public Works Department (PWD), and Mumbai Metro Rail Corporation.

Canada’s insurance industry is ahead of the pack when it comes to recognizing the risks from climate change but is still vulnerable to a massive disaster on the scale of the one that struck Japan in 2011, this country’s top financial watchdog said Tuesday.

BEIJING — China is encouraging banks and local businesses to accept foreign bank cards and is considering other steps to make mobile pay for international visitors even easier, said Zhang Qingsong, deputy governor of the People's Bank of China.

DJ Tiësto, Grammy winner has dropped out as the first in–game DJ of the Super Bowl because of a family emergency, as was announced by the musician on Friday. On social media, DJ Tiësto has written that a personal family emergency is compelling him to return home on Sunday morning. It was a difficult decision to miss the game, however family always stands first.

U.S. Treasury Secretary Janet Yellen has expressed the need for increased authority within the Treasury Department to address the alleged utilization of crypto by terrorist groups.

I have spent the past three decades working for a major international bank in Singapore and as I look back on my time here, I see that one thing has dominated my life: the fear of losing my job. 

Waller-Bridge has departed from Mr & Mrs Smith. In the latest interview with The Hollywood Reporter, Donald Glover emphasized that her departure from «Mr. & Mrs. Smith» has been perceived as an actual divorce where the hard part is in knowing when to say it has come to an end. Further, he has talked about the varying casting reiterations of «Mr & Mrs. Smith», the 2005 Amazon Studios Adaptation of the film which stars Angelina Jolie and Brad Pitt. Before Maya Erskine, the «Pen 15» actress was tapped to portray Jane to Glover's John. Donald Glover has stated that it was an unusual separation and noted that a good relationship is one where one does not flicker from the uncomfortable situations. And that he does not know if they are ever going to reach a place where they could be entirely savage towards each other.

The number of Americans filing for jobless claims fell last week despite more layoff announcements from high-profile companies recently

A thief was filmed stuffing dozens of iPhones into his pockets inside an Apple Store in Emeryville, California. (@bustdowncorn/LOCAL NEWS X /TMX)

FOX Business' Charlie Gasparino reports children are trafficked across the border by cartels and provided with fake IDs to work 'dangerous' U.S. jobs on 'The Claman Countdown.'

CoinDesk’s CEO Kevin Worth has stepped down as part of a major restructuring effort led by the crypto exchange Bullish, which recently acquired the media outlet.

Sam Lee, 35, an Australian citizen residing in Dubai was charged for allegedly co-founding 'too-good-to-be-true' online investment platform HyperFund. Rodney Burton, 54, of Miami, and Brenda Chunga, 43, of Maryland, were promotors of HyperFund.According to court documents, HyperFund’s promotional materials allegedly made various false claims, including that investors who purchased HyperFund “memberships” would receive between 0.5% to 1% daily in passive rewards until the company either doubled or tripled the investor’s initial investment. To convince investors that it could make such payments, HyperFund allegedly claimed that its payments would be disbursed in part from its revenues from large-scale crypto mining operations, when in truth, HyperFund did not have such operations.

Delhi court on Monday extended the judicial custody of NewsClick founder and editor-in-chief Prabir Purkayastha and HR department head Amit Chakravarty in a case lodged under anti-terror law UAPA over allegations that the news portal received money to spread pro-China propaganda. While Purkayastha is an accused in the case, former co-accused Chakravarty recently turned approver in the matter. Additional Sessions Judge Hardeep Kaur on Monday extended their judicial custody till February 17, 2024.

Denmark on Monday sent a frigate to the Red Sea, where it will participate in a U.S.-led coalition to safeguard commercial traffic against attacks by Yemen's Houthi militants. The Iran-aligned Houthi have launched waves of exploding drones and missiles at commercial and navy vessels since Nov.

India Meteorological Department (IMD) on Monday said heavy rain and snowfall are likely to occur over the western Himalayan region on January 31 and February 1 under the influence of two back-to-back western disturbances, that started on Sunday. The weather department said it is expecting more rainfall and snowfall activity over the western Himalayas than has been recorded in the past systems during this winter season. IMD scientist Soma Sen said, “We expect up to heavy rainfall and snowfall to occur over Jammu and Kashmir mainly, and Himachal Pradesh afterwards.

The government’s direct tax collections as a share of gross domestic product (GDP) reached a 15-year high of 6.1% in FY23, while the cost efficiency of collecting that amount has increased sharply in the past two decades, showed data released last week by the Central Board of Direct Taxes (CBDT). The dominance of direct taxes over indirect taxes in the government’s tax streams has been consistent over the past decade.

Alerts issued for heavy rainfall, severe cold wave; Varanasi Vande Bharat among several trains delayed: See IMD forecast This decision comes in response to the ongoing cold weather and dense fog experienced in Delhi, as well as several locations in Uttar Pradesh and Bihar on Sunday. The India Meteorological Department (IMD) reported "very dense" fog conditions over Uttar Pradesh at 5.30 am on Sunday.

Delhi, the morning was characterized by moderate fog, contributing to a chilly atmosphere, with the minimum temperature recorded at 6.8 degrees Celsius—two notches below the seasonal average. The weather conditions reflected a continued wintry grip on the northern regions, impacting visibility and emphasizing the lower temperatures experienced in the affected areas. Also Read: Alerts issued for heavy rainfall, severe cold wave; Varanasi Vande Bharat among several trains delayed: See IMD forecast According to the India Meteorological Department (IMD), “Minimum Temperatures and their Departure over the Plains of North India." In recent temperature readings across various regions, Sabaur in Bihar reported a minimum temperature of 5.0°C.