Department Financial News

celestial spectacle awaits skygazers and astronomy enthusiasts as a partial lunar eclipse is set to take place tonight. The India Meteorological Department's Positional Astronomy Centre has announced that the moon will enter the penumbra, a dark area on the earth caused by the moon, at midnight on the night of Saturday and Sunday. The umbral phase will begin in the early hours of Sunday.

Cruise, is facing multiple federal investigations over its cars' safety, including two incidents where the robot cars appeared not to yield to pedestrians in crosswalks, according to a U.S. regulator's letter released on Friday. Cruise autonomous cars «may not be exercising appropriate caution around pedestrians in the roadway,» according to the letter dated Oct. 20 from the National Highway Traffic Safety Administration. «This vehicle behavior could increase the risk of a collision with a pedestrian which in turn may result in injury or death.»

West Bengal minister Jyotipriya Mallick, who was arrested by the Enforcement Directorate in connection with an alleged multicrore ration scam, was admitted to a private hospital in Kolkata yesterday evening after complaints of dizziness, nausea and vomiting, officials said on Saturday. As per the medical bulletin of the arrested Bengal minister, released by the private hospital, Mallick was brought to the emergency department of the hospital around 7.05 pm with complaints of dizziness, nausea, vomiting and weakness of the left arm.

export licenses for most civilian firearms and ammunition for 90 days for all non-governmental users, the Commerce Department said on Friday, citing national security and foreign policy interests. The Commerce Department did not provide further details for the pause, which also includes shotguns and optical sights, but said an urgent review will assess the «risk of firearms being diverted to entities or activities that promote regional instability, violate human rights, or fuel criminal activities.» The Commerce Department declined to comment beyond the posting on its website. The halt covers most of the guns and ammunition that could be purchased in a U.S. gun store, said Johanna Reeves, a lawyer who specializes in export controls and firearms with the law firm Reeves & Dola in Washington. Reeves said she had not seen the Commerce Department take such a sweeping action like this before.

RBI) has expressed concern about the brisk growth in personal loans, even as most of the industry seems not-too-worried, except on the specific segment of small loans (under ₹50,000). Mint takes a closer look at the increasing demand for personal loans and why banks seem unfazed by the regulator’s words of caution. While RBI classifies all retail loans as personal loans, there is a specific category of bank loans that it classifies as ‘other personal loans’.

The US government is increasing its efforts to combat cryptocurrency criminal funding, especially in response to terrorist attacks in Israel.

(Reuters) -Johnson & Johnson disclosed on Friday that the U.S. Department of Justice (DOJ) in July had sought documents and information related to the drugmaker's free and discounted eye surgery products in connection with a civil investigation.

Joan Lesley Clarke, a woman who falsely claimed to have cancer in order to fraudulently obtain over £22,000 in benefits has been labeled a deceiver by a judge who remarked that she possessed a persistent dishonesty. Clarke counterfeited correspondence from a cancer treatment center to secure funds from the Department for Work and Pensions (DWP). Judge David Aubrey KC characterized Clarke's actions as «bold» and «severe.» The 62-year-old resident of St Helens pleaded guilty to eight counts of fraud and was sentenced to 10 months in prison at Liverpool Crown Court. During the proceedings, it was revealed that Clarke had fraudulently claimed £22,941.01 in personal independence payments spanning the period from 2016 to 2019.

Maine authorities say they’re getting “more concerned” the longer the search takes for the man wanted in two mass shootings.Mike Sauschuck, commissioner of Maine’s department of public safety, vowed to reporters Friday that 40-year-old Robert Card, the suspect allegedly behind the killings on Wednesday, will be found.“Every minute that this goes on, we’re more and more concerned because, what’s the next thing that’s going to happen? We understand that, and that’s why we’re working 24/7 to bring this individual to justice and to try to bring some closure and overall safety to our communities,” he said.“There’s no question in my mind that we will bring this individual into custody one way or the other.”Sauschuck said Friday one area of focus for police was the Androscoggin River where a white SUV that authorities believe Card used to get away was found near a boat launch in Lisbon, some 11 kilometres to the southeast of Lewiston where the shootings took place.Reuters reported Friday that public records show he owns at least one watercraft made by Sea-Doo, a company known for its jet skis. It’s not clear where that watercraft was docked.Eighteen people were killed and 13 others were injured during two separate shootings at a bowling alley and bar.

An inflation gauge that is closely monitored by the Federal Reserve showed price increases remained elevated in September amid brisk consumer spending and strong economic growth

The Biden administration is launching a multi-agency effort to encourage states and cities to convert more empty office buildings into housing units, with billions of federal dollars available to help spur such transitions

General Motors’ Cruise says it's suspending its driverless operations nationwide as the robotaxi service works to rebuild public trust

By Lucia Mutikani

Peter Kambolin, the former CEO of a Miami-based investment firm, Systematic Alpha Management LLC (SAM), pleaded guilty on October 11, 2023, to a fraudulent scheme involving cryptocurrency futures contracts, as announced by the United States Department of Justice (DOJ) on October 12. This marks a landmark case as it's the first criminal charge against a Commodities Trading Advisor and Commodities Pool Operator for engaging in a «cherry-picking» scheme concerning cryptocurrency futures contracts.

RBI. Expressed in dollar terms, the foreign currency assets include the effect of appreciation or depreciation of non-US units like the euro, pound and yen held in the foreign exchange reserves. Gold reserves were up by USD 1.85 billion to USD 45.42 billion during the week, the RBI said.

WASHINGTON (Reuters) — U.S. consumer spending increased more than expected in September, keeping it on a higher growth path heading into the fourth quarter, while monthly inflation was elevated.

(Reuters) — U.S. stock index futures climbed on Friday as robust forecasts from Amazon.com (NASDAQ:AMZN) and Intel (NASDAQ:INTC) along with a pullback in Treasury yields lifted megacaps, while investors awaited a key inflation data during the day.

Manipur government on Thursday extended the mobile Internet ban for another five days till October 31. After last month's students' agitation, the Manipur government had on September 26, two days after the ban was lifted after 143 days, had suspended mobile Internet data services, internet/data services and after each five days the ban had been extended. A Home Department notification said that the ban was extended following «apprehensions that some anti-social elements might use social media extensively for transmission of images, hate speech and hate videos inciting the passions of the public which might have serious repercussions on the law and order situation». The Director General of Police (DGP) on October 25 had «reported that there are still reports of incidents of violence like confrontation of the public with security forces, attempts to mob elected members residences and civil protests in front of police stations». «To thwart the designs and activities of anti-nationals and anti-socials and to maintain peace and communal harmony and to prevent any loss of life, it has become necessary to take adequate measures to maintain law and order in public interest by stopping the spread of disinformation and rumours through social media platforms,» the notification said.

Vande Bharat express: The Indian Railways is set to increase the operation of the Mumbai-Goa Vande Bharat express from the earlier three days to now six days a week due to rise in demand, media reports have stated. As the festive season is around the corner, the railway department is set to release a new schedule which will be effective from 1 November. As per the new schedule, the semi-high speed CSMT-Madgaon-CSMT Vande Bharat train would run for six days a week expect for Fridays.

The Department of Personnel and Training (DoPT) has modified instructions for booking air tickets on the Government account in respect of Leave Travel Concession (LTC).

A total of 74.1 million income tax returns (ITRs) have been filed for assessment year (AY) 2023-24 till date, which includes 5.3 million first time filers, the Central Board of Direct Taxes (CBDT) said in a release on Thursday.