Department Financial News

New Delhi: The department of telecommunications (DoT) intends to hold the next spectrum auctions within the ongoing financial year or latest by early next financial year, at the same reserve prices as the 2022 auctions for existing spectrum bands, a senior official said. “The Union cabinet had decided that there has to be auction every year.

According to a document that was submitted by the United States Department of Justice (DOJ) on October 4, 2023, two luxury aeroplanes worth several millions of dollars that are held by Samuel Bankman-Fried are now potentially vulnerable to forfeiture. The petition states that the foundation for the action to forfeit the property belongs to «offences described in Counts One through Four and Seven of Indictment 22 Cr. 673 (LAK)» committed by Bankman-Fried. Both a Bombardier Global 5000 BD-700-1A11 and an Embraer Legacy EMB-135BJ are named as the aircraft in question here.

By Lucia Mutikani

Initial claims for state unemployment benefits dropped 13,000 to a seasonally adjusted 198,000 for the week ended Oct. 14, the Labor Department said on Thursday.

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Applications for unemployment benefits fell to their lowest level in eight months last week as businesses continue to retain workers despite elevated interest rates meant to cool the economy and labor market

gold jewellery. The HUID Code will be unique to each item of jewellery, and customers will be able to readily verify its authenticity and other details using the BIS Care App. At present two precious metals namely gold and silver have been brought under the purview of Hallmarking. Many individuals buy gold during upcoming festivals, however, they should make sure that they buy the hallmarked jewellery and confirm the same. How much gold can you buy in cash without and with PAN, Aadhaar proof? The move aims to ensure quality of gold jewellery and artefacts to consumers. Note that White gold alloy is covered under mandatory hallmarking. The BIS hallmark on gold jewellery and artefacts is made up of three parts: the BIS emblem, the Purity of Gold, and a six-digit alphanumeric HUID (Hallmark Unique Identification).

Ashok Gehlot on Thursday said he wants to leave the state's top post but the post is not leaving him and probably may not leave him. He, however, also said that there would be something in him that the party high command had chosen him to lead the state thrice but any decision taken by the leadership going forward would be acceptable to all. Gehlot, whose government had faced a rebellion led by his bete noire Sachin Pilot in 2020, said he has adopted the policy of «forgive and forget» and moved on. Taking strong objection to the raids by the Enforcement Directorate and Income Tax Department against opposition leaders, he sought the prime minister's intervention to stop them immediately as the model code was in force. He also urged the Election Commission to intervene. Asked whether there were any differences within the party on the grant of party tickets, he said there are no differences and all decisions are taken unanimously. Rajasthan polls would take place on November 25 and votes would be counted on December 3.

Telugu Desam Party (TDP) Chief N Chandrababu Naidu's remand in the alleged multi-crore skill development scam case till November 1. Chandrababu Naidu was presented virtually before the court from the Rajahmundry Central Prison. The former Andhra Pradesh chief minister and TDP chief was arrested by the Criminal Investigation Department (CID) on September 9 in connection with the multi-crore skill development scam case, leading to apolitical turmoil in the state with several TDP leaders alleging that the arrest was nothing but a political «witch-hunt» and that Naidu was held on the basis of false allegations. Earlier on Tuesday, the Supreme Court reserved its judgment on a plea filed by Chandrababu Naidu seeking to quash the FIR registered against him in the skill development scam case. Naidu had approached the top court seeking quashing of FIR and cited Section 17A of the Prevention of Corruption Act, 1988, to challenge his arrest by the Andhra Pradesh police's CID in skill development scam. He had challenged the High Court judgment rejecting his plea for the quashing of FIR.

ANI. The deceased identified as K Kiran Chandra was found hanging in his hostel room. Chandra was from the Electrical Engineering Department of the institute.

₹1.5 crore prize in online gaming was suspended due to alleged misconduct, reported HT. Somnath Zende shot to fame after winning on a fantasy sports platform. He was serving in the Pimpri Chinchwad police was found to have breached the code of conduct by engaging in online gaming activities and discussing it with the media, stated a police official.

Secretary of State Antony Blinken says new U.S. sanctions are “directed at Hamas terrorists and their support network," not at Palestinians

Barcelona says it is on track to reducing its debt without having to resort to new financial levers

Scientists are setting out to collect genetic material from 500,000 people of African ancestry to create the world’s largest database of genomic information from the population

Officials say surveys have detected that the population of young lobsters has declined nearly 40% in some of the most critical fishing waters off New England

Chicago’s new police chief says the city’s use of police stations as temporary housing for thousands of migrants seeking asylum has been a “burden” on the nation’s second-largest police department

Beijing has vigorously protested the U.S. Commerce Department's latest update of export controls to prevent exports to China of advanced computer chips and the equipment to make them

By Clark Mindock

Senator Elizabeth Warren (D-Mass.) has called on the Biden administration to address crypto's use as a terrorist financing tool. Her concerns were documented in a bipartisan letter signed by over 100 lawmakers, including Sen. Roger Marshall (R-Kan) and Rep. Sean Casten (D-Ill). 

By Matt Spetalnick