Department Financial News

Occidental is buying oil and gas company CrownRock in a cash-and-stock deal valued at about $12 billion

Investing.com — The Dow closed higher on Monday, extending recent gains as investors looked ahead to a crucial week of market-moving events including fresh inflation data and the Federal Reserve's two-day meeting slated for Tuesday.

A suspect accused of murdering a 16-year-old cheerleader whose body was found days earlier in her bathtub has been arrested.

By Abigail Summerville

The U.S. Department of Justice (DOJ) has announced a sixty-three-month prison sentence against a Miami crew leader for using stolen identities to steal $4 million from a crypto exchange.

Goldman Sachs Group Inc.’s asset management arm is reshuffling senior executives in its $110 billion private credit unit as it seeks to double the size of the business in the medium term, according to its global head of asset and wealth management.

Gujarat International Finance Tec-City (GIFT) to over 3,300 acres along with vibrant social infrastructure from current 886 acres is in the final stages of completion and is likely to be submitted by Gift Urban Development Authority to the Gujarat government’s Urban Development Department in the next few weeks. The second phase development plan with town planning schemes around the GIFT City is expected to be unveiled after the state government’s review and feedback from the public as per the statutory requirements. The development plan is expected to further the efforts to develop GIFT City, counted amongst Prime Minister Narendra Modi’s dream projects, in a global financial activity hub. «The expansion of GIFT City limits, the riverfront development, and the upcoming metro connectivity are pivotal steps in our journey toward an integrated and thriving metropolis.

Himalayan states within a fixed time frame in the wake of landslides and glacial lake outburst floods. In an Action Taken Report tabled in the Lok Sabha, the Parliamentary Standing Committee on Water Resources said that well laid down procedures or regulations for land use planning or zoning in the Himalayan states, especially in those areas that are more prone and susceptible to landslides, landslide lake and glacial lakes outburst floods, would go a long way in mitigating the eventualities that arise in the event of disasters.

Investing.com — U.S. stock futures were muted on Monday, hovering just below the flatline, as investors prepared for the Federal Reserve's final two-day policy meeting this year.

Macy's (NYSE:M) shares surged by 20% in U.S. premarket trading Monday following a $5.8 billion buyout offer from Arkhouse Management and Brigade Capital Management.

Himachal Pradesh high court has stated that a transfer is deemed mala fide when it is not executed for the stated purpose in the regular course, public or administrative interest, or service requirements. The court said that transfer is also not legal if based on the written recommendation of an individual not associated with the state government's affairs. Justice Ranjan Sharma's bench emphasized that even if a transfer is made on the written recommendation of a minister or legislator, there must be a clear and compelling reason based on public interest or administrative exigency to justify it.

Parliamentary panel on Monday said there was a dire need to enact a new law and give wider powers to the federal agency so that it can probe cases without a «state's consent and interference». At the same time, the panel said that some safeguards should also be laid down to ensure objectivity and impartiality in the functioning of CBI so that the states also don't feel discriminated against.

BJP members in the Lok Sabha on Monday raked up the issue of recovery of a huge amount of cash from a distillery company linked to Congress' Jharkhand Rajya Sabha MP Dhiraj Prasad Sahu. Sanjay Seth, the BJP member from Ranchi, raised the issue during the Zero Hour, seeking a reply from the Congress.

“Ministry of Electronics and Information Technology (MeitY) blocked a total of 581 applications under section 69A of IT Act, 2000 which includes 174 betting and gambling related applications, 87 loan lending applications and other applications including gaming applications like PUBG, GArena Free Fire etc,” Chaudhary told in a reply to Lok Sabha. The illegal betting and gambling app has been in the spotlight recently with MeitY last month issuing a blocking order against some 22 'illegal' betting apps and websites, including Mahadev Apps. The order was issued upon a request by the Enforcement Directorate (ED) which was investigating an alleged money laundering syndicate. The government in February had blocked 138 such illegal betting and gaming websites, however some of them were still operating. In July the Centre had amended and notified the IGST Act which mandates that all offshore gaming companies need to be registered in India.

banned onion exports to augment domestic supply and keep prices in check. Though the price of onion has eased in recent days, the government is on watch to not let it increase due to the tightness in supply, one of the officials said. Both the officials declined to be identified.

Spotify’s chief financial officer, Paul Vogel, is leaving next year, the music streaming service said — just days after the company announced its third round of layoffs for 2023

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At a small rural Missouri high school, two English teachers shared a secret: Both were posting adult content on OnlyFans, the subscription-based website known for sexually explicit content

The Federal Trade Commission is investigating Chevron’s acquisition of Hess oil company, the second inquiry the independent agency has opened this week of a major oil industry merger

sovereign gold bonds (SGBs) this month, and one more in February. The date for subscription for 2023-24 Series III is December 18-22, 2023, while Series IV is scheduled for February 12-16. The Bond is issued by the Reserve Bank on behalf of the Government of India.

India Meteorological Department issued a fog alert in isolated areas over five states on December 10 and 11. As per an IMD statement, dense fog during the morning hours is very likely in isolated pockets over north Madhya Pradesh, Sub-Himalayan West Bengal, Sikkim, Assam and Meghalaya on December 10 and 11. IMD further forecasted that a fresh feeble Western disturbance is likely to affect the Western Himalayan Region from December 11. Hailstorms are also likely in isolated places over Sub-Himalayan West Bengal and Sikkim on December 12, the IMD statement mentioned. Also, the weather department has informed that the cyclonic circulation Michaung that ravaged the states of Tamil Nadu and Andhra Pradesh in the last few days has now weakened and converted into a low-pressure area in Jharkhand. «The cyclonic circulation Michaung has weakened and converted into a low-pressure area in Jharkhand causing light to moderate rainfall across the state in short spells,» AE Kujur, a meteorologist from India Meteorological Department (IMD) Ranchi said.