Department Financial News

Planning for retirement can be a complicated problem.

Deal makers are on alert for a round of consolidation in the flagging rare earths sector and in other critical metals as capital markets turn off the tap on exploration companies.

Pension plans for the largest U.S. companies are at their healthiest in more than a decade — and that's largely good news for the workers who participate in such plans, said retirement experts.

RBI Deputy Governor M Rajeshwar Rao for a period of one year, according to sources. The Appointments Committee of the Cabinet has approved the re-appointment of M Rajeshwar Rao, Deputy Governor Reserve Bank of India, for a period of one year with effect from October 9, 2023, they said. He was appointed as the RBI Deputy Governor in October 2020 for a period of three years. Rao was elevated as the RBI executive director in November 2016. An economics graduate and a Master of Business Administration from the University of Cochin, Rao joined the central bank in 1984. As a career central banker, he has exposure to various aspects of the RBI's functioning.

By Mike Scarcella

By Lucia Mutikani

(Reuters) — Contract chipmaker GlobalFoundries said on Monday it has submitted applications for funding under the U.S. CHIPS act to expand capacity and modernize its local manufacturing facilities.

Wildfires fueled by climate change have ravaged communities from Maui to the Mediterranean this summer, killing many people, exhausting firefighters and fueling demand for new solutions

By Andy Sullivan and David Morgan

Jefferies upgraded shares of AstraZeneca (LON:AZN) to Buy from Hold, lifting the price target to 13,000p per share, up from 10,500p in a note Monday.

Google's Pixel 8 series and now new leaks have surfaced shedding light on the colour choices for the upcoming smartphones. The Google Pixel 8 and Pixel 8 Pro are scheduled to make their official debut on October 4, and while much has been speculated about their features and specifications, the recent leak provides a glimpse into the aesthetic aspects of the devices.

Taiwanese company canceled all shifts for the day at the factory located near Chennai in Tamil Nadu state. It has not yet communicated to assembly workers whether the facility will resume operations on Tuesday, as per the Reuters sources. In a statement given to the agency, Pegatron confirmed that there was a spark incident at the facility, which is now under control.

Goods and Service Tax department seeking ₹21,000 crore from an online gaming platform. A bench of Chief Justice D Y Chandrachud and Justices J B Pardiwala and Manoj Mishra issued notice and sought a response to a plea of the Directorate General of Goods and Services Tax intelligence from the Karnataka-based online gaming platform Gameskraft. “There are over 100 companies registered domestically with online gaming federations.

The Labor Department said it is investigating plants operated by poultry giants Perdue Farms and Tyson Foods following a report that some of the companies’ contractors employed migrant children to clean meat-processing plants. The New York Times magazine last week published an article that said migrant children were working overnight shifts at some of the companies’ plants. Perdue and Tyson said they would cooperate with any federal investigation.

PTI. In a statement by IMD, it said, "(The) southwest monsoon has withdrawn from parts of southwest Rajasthan today, September 25, 2023, against its normal date of withdrawal from southwest Rajasthan of September 17," it said in a statement.

ANI, HD Devegowda said, “I request the Center to send a team to Karnataka and let them investigate the present water situation in the state...I'm alive not for politics or power. We are here to save the people of the state, my party exists for this." Gowda further noted, “I have made an appeal to the PM on the prevailing situation. In my letter to the PM, I wrote that the Jal Shakti department should file a review petition and a committee of experts should be sent to Karnataka to study the water and standing crop situation." The protestors demanded the sharing of Cauvery water to save the standing ‘kuruvai’ crop cultivation in Tamil Nadu.

A spokesperson for Janus Henderson confirmed that Hillenbrand will be leaving the company «to pursue opportunities outside of the firm», effective 31 December. Hillenbrand has served as head of retail since joining the firm in 2009, prior to which he held roles at New Star Asset Management and Invesco Perpetual. Ex-Janus Henderson head of Americas equities resurfaces at Principal Asset Management The spokesperson for Janus Henderson said the company would begin a search for his replacement «shortly», initiate the recruitment process for both internal and external candidate via a re...

Virgin Australia says the federal government’s “hard to understand” decision not to allow Qatar Airways to fly more services into Australia has undermined its ability to compete with Qantas.

Exciting news! Mint is now on WhatsApp Channels :rocket: Subscribe today by clicking the link and stay updated with the latest financial insights! Click here! https://whatsapp.com/channel/0029Va91YSeGehEM6oMesj3d Cong Lin, a former executive at China Renaissance Holdings Ltd. who was called in by regulators a year ago and has since been arrested, worked with him at ICBC, according to the Financial Times, said Bloomberg in its report.

Dainik Bhaskar, parents have been notified of these changes through SMS and WhatsApp messages over the past two days. However, it's worth noting that the Education Department has not officially declared a holiday, with DEO Anjani Kumar stating that there has been no directive to close schools. Mint could not independently confirm the development. As per the report, a significant number of schools situated in the BHEL area will not be in session on Monday.

FDI) policy for the space sector by allowing up to 74% overseas ownership through the automatic route and up to 100% through the government route to attract top dollars from marquee global investors in satellite communications, senior officials told ET. Liberalised FDI limits are on the cards so that companies based in India can access the latest global technologies in a host of space-sector activities, including satellite manufacturing, satellite communications/operations and local production of satellite components, user devices and ground segment systems such as earth stations. Foreign direct investment up to 49% may also be permitted in satellite launch vehicle and associated system operations. «We expect the new FDI policy for the space sector to be approved soon.