Department Financial News

Since it was founded in 2010, WeWork has not once turned a profit. For years its cash-torching ways went unchallenged, thanks to the reality-distorting powers of its flamboyant founder, Adam Neumann, who succeeded in convincing investors, most notably SoftBank, that it was not an office-rental business but a zippy tech firm on a mission to “elevate the world’s consciousness". At the height of the silliness in early 2019, in the lead-up to an initial public offering (IPO), the company was valued at $47bn.

Elon Musk's Starlink, officials told The Economic Times. A source said that Starlink gave "satisfactory" answers with regard to the company's data storage and transfer norms. "The company will be given a global mobile personal communication by satellite services (GMPCS) license to offer services after the security check is completed," they added.

Yatharth Hospital & Trauma Care Services, one of the leading private super specialty hospitals in Delhi NCR, jumped 10.75% to ₹414.95 apiece in Wednesday's early trade. This strong spike was in response to the company's stellar performance in Q2FY24. The company on Tuesday posted a 34% YoY improvement in revenues, reaching ₹171 crore.

The Times Of India (TOI), for the first time, students will explore the astute business decisions of prominent industrialists such as JRD Tata, Azim Premji, Dhirubhai Ambani, Narayan Murthy, Sunil Mittal, and Birla. Also Read: Renaming row in UP: After Allahabad and Faizabad, now Aligarh may soon get a new name Shefali Nandan, the course coordinator, mentioned that the curriculum for the Indian Management Thought and Practices course will offer students a comprehensive education encompassing the traditional aspects of the subject, the report noted.

DGCA) has issued a show cause notice to Air India for failing to adhere to regulations concerning the provision of facilities to passengers in cases of denied boarding, flight cancellation, and flight delay. The notice highlights the importance of passengers being aware of their rights in such situations.

Dhanteras, a significant day in the Indian calendar, marks the auspicious occasion when households across the nation invest in gold. This tradition is deeply rooted in the belief that buying gold on this day brings prosperity and wards off negativity. As the festivities approach, investors face the perennial question: should they opt for physical gold, gold ETFs, or the lesser-known Sovereign Gold Bond Schemes (SGBs)? In this article, we'll delve into the historical significance of Dhanteras, explore the merits and demerits of each investment avenue, and shed light on why this year, SGBs deserve serious consideration.

India Meteorological Department (IMD) forecasted heavy to very heavy rainfall in Kerala and Tamil Nadu till Thursday. In response to this, the weather department has issued both orange and yellow alerts for the southern states. As reported by ANI, due to the adverse weather conditions in the state, schools in several districts have been closed.

Delhi, NCR air pollution news: After enduring days of dense smog, Delhi may finally be on the cusp of much-needed relief from its hazardous air conditions which were aggravated by the stubble burning in the neighbouring states. The ‘hazardous’ air situation in the national capital also forced the Commission for Air Quality Management (CAQM) to invoke Stage IV of the Graded Response Action Plan (GRAP) in the entire National Capital Region (NCR) with immediate effect to prevent further deterioration of air quality. However, the movement of western disturbances might improve the air quality in the coming days, weather officials said on Tuesday.

South Korean police have swooped on a group of suspected “international” crypto fraudsters, freezing over $12 million and arresting 49.

The Circus' ' wraps up its eighth season, it signifies the end of an era. The show, led by hosts Mark McKinnon, John Heilemann, and Jennifer Palmieri, will air its final episode on Paramount+ via Showtime at 7 p.m. ET on Sunday. The decision to conclude «The Circus'' comes against the backdrop of the upcoming 2024 presidential cycle and changes within Showtime. .

The yearslong criminal investigation into Hunter Biden has aired a lot of dirty laundry about the president’s son’s attempts at foreign business and his descent into drug addiction. A parallel congressional probe is now airing a lot of dirty laundry about the government officials investigating him.

Last Thursday, the House of Commons finance committee called on Finance Minister Chrystia Freeland to scrap the proposed merger between Royal Bank of Canada and HSBC Bank Canada. Led by Conservative MPs, who echoed media interviews given by Conservative leader Pierre Poilievre, the report from the 12-person committee dismissed the due diligence process used to assess proposed bank mergers.

Last month, Australians were allowed their say on a constitutional amendment that proposed giving Indigenous groups a new lever of control over the country’s federal institutions. Called “The Voice,” it would have empowered a native assembly to make representations directly to parliament to promote Indigenous political objectives.

government has allowed wholesalers of tur and urad dal to increase stocks of the pulses to 200 metric tonnes from 50 metric tonnes earlier, according to a notification from the department of consumer affairs. «This relaxation will help the industry in increasing the supply of these pulses in the market,» said Suresh Aggarwal, president of All-India Dal Mill Association. The industry had recommended this in its last meeting with officials, he said. The government also doubled the time period for which importers can hold their stocks after clearance to 60 days. While there has been no change in the holding capacity for small retailers, which is 5 metric tonnes, big chain retailers can hold up to 200 metric tonnes per depot, up from 50 metric tonnes. The notification also said millers can stock up to 25% of the last three months' production or annual installed capital, whichever is higher.

Evan Ellingson, renowned for his roles in CSI: Miami and the movie My Sister's Keeper with Cameron Diaz, has passed away at 35. He was discovered deceased in a Fontana residence's bedroom on Sunday, as reported by the San Bernardino County Sheriff's Department.

incentives under PLI for white goods in the last quarter of this financial year as certain selected beneficiary firms have started production, DPIIT Secretary Rajesh Kumar Singh said on Tuesday. The production linked incentive (PLI) scheme on white goods seeks to encourage domestic manufacturing of air conditioners and LED light components. «In the last quarter (January-March), we are expecting some disbursements,» Singh told reporters on the sidelines of the India Korea Business Partnership Forum meeting here.

Tamil Nadu rains: The India Meteorological Department (IMD) predicted more showers till tomorrow, November 8 in view of presence cyclonic circulation over Southeast Arabian Sea. Tamil Nadu and Coastal Andhra Pradesh witnessed heavy rainfall during past 24 hours till 8:00 am today.

On Sunday the Manipur government extended the mobile internet ban in the state till November 8. An order issued by the division bench comprising Chief Justice Siddharth Mridul and Justice Golmei Gaiphulshillu Kabui asked the state «to extend the services to areas» which were unaffected by violence. The order stated, “The State of Manipur is directed to open and operationalize mobile towers, on a trial basis, in all those District Headquarters which have not been affected by violence and thereafter, if found feasible, extend the services to other areas where the law and order situation, so permits. It is clarified that even in the Districts that are partially affected by violence, those areas which are not so affected — in the same District — mobile towers shall be operationalized forthwith”.

Ludhiana administration has issued an advisory allowing the bursting of firecrackers on the occasion of Diwali, Guruparva and Christmas. According to the orders issued by Ludhiana Deputy Commissioner Surabhi Malik, firecrackers can be lit from 8 to 10 pm on Diwali and from 11:55 pm to 12:30 am on Christmas. Similarly, on the day of Guruparva, firecrackers can be burnt for two hours between 4:00 am to 5:00 am in the morning and 9:00 pm to 10:00 pm at night. The decision is aimed at ensuring that the festivities are carried out in a safe and eco-friendly manner. As per the orders, there will be a ban on the burning of firecrackers before and after the above-mentioned time. Likewise, there will be a ban on the burning of firecrackers within 100 meters of hospitals, educational institutions, religious institutions and courts. Earlier, the Chhattisgarh government also issued an advisory allowing the bursting of firecrackers for two hours on the occasion of Diwali, Chhath, Guruparva, Christmas and New Year. Firecrackers are burst with great pomp and show during the festivals, especially Diwali, but in view of the increasing pollution in the environment, the Housing and Transport Department of Chhattisgarh issued guidelines regarding the burning of firecrackers. In September 2023, the Supreme Court of India rejected a petition by the Firecracker Manufacturers Association to include barium in green crackers. The court upheld the Delhi government's decision to ban all firecrackers ahead of Diwali.

Federal Reserve's Neel Kashkari has stated that it's too early to declare victory on inflation.

Intel is the leading candidate to potentially receive billions of dollars in government funding for secure facilities producing microchips for U.S. military and intelligence applications. The facilities—which have yet to be disclosed publicly—would be explicitly designated as a “secure enclave," according to people familiar with the development.