Department Financial News

technology sectors which they say are too vague and put the onus of compliance on investors. Aiming to protect national security and prevent US capital from aiding China's military, President Joe Biden issued an executive order last month restricting new US investments in sensitive Chinese technologies. The Treasury Department subsequently kicked off a rule-making process to implement the order, and financial firms have been rushing to meet a Sept. 28 to provide input. The rules are expected to be implemented sometime next year.

Norwegian Geotechnical Institute (NGI) to explore feasibility of harnessing geothermal potentials that the state’s numerous hot springs offer. The intention of this MoU is to provide a facilitating mechanism for the two parties to work together on mutually agreed, progressive and supportive activities; aiming for further development in the field of Geotechnics and Rock Engineering by dealing with complex sub-surface geological and geotechnical issues faced by the state. To begin with, NGI will carry out geological, geochemical and geothermal investigation of few selected geothermal sites in Tawang and West Kameng districts that will include MT Survey to decipher the deeper geoelectrical configuration of geothermal springs (hot-springs) and feasibility to utilize the Geothermal Energy resources for further use. The MoU was signed by Repo Ronya, Secretary, Science and Technology, Government of Arunachal Pradesh, and Dr Rajinder Bhasin, Technical Expert, NGI, Norway, in presence of Chief Minister Pema Khandu, Science and Technology Minister Honchun Ngandam, Chief Secretary Dharmendra and Dr Vivek Kumar, Senior Advisor, Norwegian Embassy, New Delhi. Congratulating NGI and the department of science and technology, Chief Minister Pema Khandu said that it’s a right step towards green and clean energy production especially in the light of global warming concerns. “It’s a great coincidence that this MoU is being signed on World Tourism Day as its theme this year is ‘Tourism & Green Investment’ that perfectly goes in tandem with this new initiative,” Khandu pointed. He expressed optimism that the study will lead to development of renewable geothermal sources in Arunachal Pradesh and increase energy supply to meet present and

Telecom Regulatory Authority of India (Trai) has told the Department of Telecommunications (DoT) to refer to its last year’s recommendations on spectrum auction for bands ranging from 600 MHz to 26 GHz for reserve price and other modalities and it will be only giving fresh recommendations for 37 GHz band, which is a new band to be put on sale for the first time. The regulator further said DoT may put to auction the spectrum in the existing bands ranging from 600 MHz to 26 GHZ without waiting for the authority’s recommendations for the new bands. The DoT on August 2 had asked the regulator to furnish recommendations on reserve price, band plan, block size, quantum of spectrum to be auctioned and other conditions for sale of airwaves in bands ranging from 600 MHz to 26 GHz. Frequencies in 37 GHz band, ranging from 37-37.5 GHz, 37.5-40 GHz and 42.5-43.5 GHz bands were added for the upcoming sale. Based on last year’s reserve price, the airwaves of existing bands are worth over Rs 2.5 lakh crore. Trai has highlighted that in its recommendations dated April 11, 2022, it had factored in the fact that auctions would be conducted on annual basis.

India's income tax department conducted searches at the premises of Apple supplier Flex in Tamil Nadu state, a source said on Wednesday. Income tax officials have visited the Chennai factory as part of the inquiry, the source said, adding that Flex has yet to be informed about the purpose of the visit. The income tax department did not immediately respond to a Reuters' request for comment.

income tax department conducted searches at the premises of Apple supplier Flex in Chennai in Tamil Nadu state, local media reported on Wednesday. The IT department did not respond to a Reuters' request for comment.

US government shutdown looming: What is it? Check which services will likely be suspended The US shutdown will impact several departments of the US government, including education, healthcare and law and order even though some highly essential government entities will continue to function. Some of the key economic data, including monthly unemployment figures and price reports, would be temporarily suspended in case of a shutdown, affecting market sentiment and possibly leading to investor uncertainty. Also Read: US economy shows resilience, but is soft landing a strong possibility? The impact of a US shutdown could be significant on its economy but is unlikely to trigger a knee-jerk reaction in the domestic market, experts say.

Festivals in October 2023 Sharad Navratri 2023: Navratri is celebrated twice a year—once in the spring, known as Chaitra Navratri, and again in the autumn, as Sharad or Shardiya Navratri. The latter, Sharad Navratri, unfolds over a span of nine days during the Hindu calendar month of Ashwin, which typically falls between September and October.

Bengaluru against the Karnataka government, specifically concerning the Cauvery water-sharing matter, HD Deve Gowda said. Joining this demonstration is HD Kumaraswamy, who is set to participate in the BJP's protest, confirmed Deve Gowda, another former PM. “I held a discussion with Home Minister Amit Shah for the first time in the last 10 years.

Congress leader Deepak Singh and employees of the Sanjay Gandhi Hospital here against the suspension of licence of the facility were held on Wednesday. While over 400 employees started an indefinite demonstration at the hospital gate on Tuesday, another dharna at the office of the Chief Medical officer by Singh started on Monday.

labour, has recently broadened its restrictions on Chinese imports. Three companies, Xinjiang Tianmian Foundation Textile Co Ltd, Xinjiang Tianshan Wool Textile Co. Ltd, and Xinjiang Zhongtai Group Co.

Also read: Top panel to weigh special regime for big startups According to the sixth annual LinkedIn top-startups list, 20 young companies in the country "have trailblazed their way through recent economic and workplace challenges and managed to stand out to investors and top talent along the way". (Exciting news! Mint is now on WhatsApp Channels. Subscribe today by clicking the link and stay updated with the latest financial insights! Click here!) In compiling the list, LinkedIn measured startups based on four pillars: employment growth, engagement, job interest, and attraction of top talent.

Amazon over allegations the e-commerce behemoth abuses its position in the marketplace to inflate prices on and off its platform, overcharge sellers and stifle competition. The lawsuit, filed Tuesday in federal court in Amazon's home state of Washington, is the result of a years-long investigation into the company's businesses and one of the most significant legal challenges brought against it in its nearly 30-year history.

The US Defence Department said they reviewed progress toward operationalizing major bilateral initiatives on information-sharing, defence industrial cooperation, and joint service engagements. The dialogue was co-chaired by Assistant Secretary of Defence for Indo-Pacific Security Affairs Ely Ratner alongside Assistant Secretary of State for South and Central Asian Affairs Donald Lu, Additional Secretary VRao of the Indian Ministry of External Affairs, and Joint Secretary Vishwesh Negi of the Indian Ministry of Defence, said Department of Defence spokesperson John Supple. The officials underscored the transformative momentum in US-India relations and reaffirmed that a strong US-India partnership is essential to upholding security and prosperity in the Indo-Pacific region, he added.

Hardeep Singh Nijjar's killing, the minister said that it was ‘politically inconvenient'. Speaking at a Council on Foreign Relations event in New York, Jaishankar said, “Canada actually has seen a lot of organized crime relating to the secessionist forces, organized crime, violent extremism." “Our concern is that it’s really been very permissive because of political reasons. So we have a situation where, actually, our diplomats are threatened," he added.

In a new round of sanctions, the US Department of Treasury's Office of Foreign Assets Control (OFAC) has added ten more individuals to its blackbook. 

An engineering conglomerate owned by Berkshire Hathaway just won an initial victory in a lawsuit brought against the company over its 401(k) plan.

By Andrew Goudsward and Mike Scarcella

JPMorgan Chase has agreed to pay $75 million to the U.S. Virgin Islands to settle claims that the bank enabled the sex trafficking acts committed by financier Jeffrey Epstein

A recycling facility will be built in Kentucky to shred electric vehicle batteries in a $65 million venture

The Federal Trade Commission and 17 state attorneys general have filed an antitrust lawsuit against Amazon

FIFA is moving more than 100 jobs from its Swiss headquarters to Florida where a growing workforce is already working on organizing the 2026 World Cup