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Billionaire Elon Musk’s close proximity to President Trump was the first indication of the President-elect’s willingness to further a neo-tech agenda. Musk has been given the responsibility, along with Vivek Ramaswamy, to head the the Department of Government Efficiency (DOGE), which will work towards cutting wasteful government spending and reducing budget deficits. Musk, the founder of new-gen technology firms like SpaceX, Neuralink and Starlink, is touted to be the 'world’s second most powerful person' after Trump takes office in January, according to an Axios report. Also Read: Real shame? After being pelted with mud in flood-hit Valencia, Spain's King Felipe and Queen Letizia cause political scandal for not showing up at Notre Dame reopening ceremony

The approved projects include a 99 MW wind power project, five ground-based solar projects of 91.77 MW and one rooftop solar project of 1.64 MW, it said. These projects will leverage Odisha's natural potential for renewable energy generation, emphasising the state's commitment to achieving its renewable energy goals under the Odisha Renewable Energy Policy-2022, the department said.

Subscribe to enjoy similar stories. When the PGA Tour announced a stunning alliance with the Saudi backers of LIV Golf that it had spent months battling on and off the course, the plan was for the two sides to have a final agreement by the end of the year. That is, the end of last year.

Two Jersey City dealership owners told Fox News Digital they are not fully convinced EVs should be the only vehicle in the household.

Bonthron will work on the natural resources equity strategies and is set to report to Colm O'Connor, who oversees portfolio management across the natural resources equity suite.  O'Connor noted that Bonthron will bring «complementary skills and experience to the team, adding further depth to our expertise».  James Sym set to depart River Global for Goodhart Partners but deal over RGI European still in 'advanced discussions' The move marks his return to KBIGI after 14 years at a raft of other firms.  Bonthron previously spent two years as a portfolio manager on the firm's long-on...

Subscribe to enjoy similar stories. President-elect Donald Trump said his administration would speed the approval of big construction projects for companies that invest more than $1 billion, signaling his intention to push the limits of federal law to boost the economy. In a post on his social-media site, Truth Social, Trump said Tuesday that any person or company investing $1 billion or more in the U.S.

Bonthron will work on the natural resources equity strategies and is set to report to Colm O'Connor, who oversees portfolio management across the natural resources equity suite.  O'Connor noted that Bonthron will bring «complementary skills and experience to the team, adding further depth to our expertise».  James Sym set to depart River Global for Goodhart Partners but deal over RGI European still in 'advanced discussions' The move marks his return to KBIGI after 14 years at a raft of other firms.  Bonthron previously spent two years as a portfolio manager on the firm's long-on...

Budget 2025: Every year, the Department of Economic Affairs in the Ministry of Finance prepares the Union Budget, which is then presented by the Finance Minister. The Budget which is tabled annually serves as a financial plan for the country and lays out the estimated earnings and expenditures of the government for the upcoming fiscal year. Here are the five essential steps involved in the formation of the Union Budget: Initial Processes: The process starts approximately six months before the Budget is presented. The Finance Ministry releases Budget Circulars to the relevant ministries and departments, providing essential instructions and guidelines. These circulars are then circulated among disbursing and field officers, who provide information about their department’s financial expenditures, receipts for the current and previous fiscal years, and their financial needs for the upcoming fiscal year.

Department of Government Efficiency (DOGE) under US-President elect Donald Trump's administration is already making waves. Headed by tech billionaire Elon Musk and entrepreneur Vivek Ramaswamy, DOGE aims to cut wasteful government spending and eliminate excessive regulations by the 250th anniversary of the United States. Musk, now Trump's closest ally, has warned Republicans against standing in Donald Trump’s way – or his, reports news agency AP. Musk, who recently visited Capitol Hill with Ramaswamy, the two issued a warning to Republicans who do not go along with their plans to slash spending as part of the president-elect’s proposed DOGE. ALSO READ: What is Willow? Google's quantum computing chip explained in 10 points

Adani Group faces nearly $1.7 billion in upcoming debt maturities at three of its businesses -ports, cement, and renewable energy-over the next quarter, investment banking sources aware of the syndicated loan terms and coupon timelines told ET. The biggest of these maturities is a $1.05-billion construction loan taken for Adani Green Energy, which is due March next year. Adani Cement-which houses Ambuja Cements and ACC-also has a $300-million loan due March, while there is a $290-million credit facility for Adani Ports and SEZ due January, according to the sources cited above.

ghost guns, a type of untraceable firearm. Law enforcement has connected these homemade weapons to criminal activities.

Truck drivers have blocked some major highways in central Mexico to protest the fact the government hasn't paid them for work they did on a tourist train line

During a recent meeting with the PM, Karnataka CM Siddaramaiah is learnt to have raised the issue of 'raw deal that the state received' at the hands of the 15th Finance Commission, which 'lowered' the state's share in the divisible pool of taxes. Siddaramaiah has even written to the PM, demanding that the 16th Finance Commission and finance ministry should not punish states like Karnataka, which contribute a larger share to central taxes, by a 'severe cut' in their share. Eyes on Appointments

Sym, who is head of equities, has been at River Global since February 2020, joining back when it was called River & Mercantile (R&M) and has run the £124.7m RGI fund since its launch that year. Goodhart Partners bolsters wealth division with double hire People familiar with the matter told IW that clients of RGI were briefed two weeks ago that Sym was leaving the firm to join Goodhart Partners. Indeed, Square Mile Research said in a note last week that it was suspending RGI's rating «following news that Sym is moving to Goodhart Partners, but he will be managing the fund on a sub a...

Sanjay Malhotra from the Ministry of Finance in New Delhi to the Reserve Bank of India in Mumbai has left a key position vacant, just seven weeks before Finance Minister Nirmala Sitharaman is set to present the Union Budget. This development poses a unique challenge as the government has yet to announce Malhotra's successor for a role that demands extensive expertise in both direct and indirect taxation. Historically, the government has refrained from extending terms of finance officials even in the crucial lead-up to the budget. The vacancy now highlights the delicate balance required to ensure seamless coordination within the finance ministry, which comprises six departments—Revenue, Expenditure, Economic Affairs, Financial Services, DIPAM, and Public Enterprises. Of these, Revenue, Expenditure, and Economic Affairs play critical roles in shaping the Union Budget. This year's scenario is further complicated by recent changes in leadership. DIPAM Secretary Tuhin Kanta Pandey, now serving as the Finance Secretary due to his seniority, is juggling multiple responsibilities, including overseeing the Department of Public Enterprises and the Department of Personnel. For Expenditure Secretary Manoj Govil and Financial Services Secretary M. Nagaraju, the upcoming budget will be their first experience in such a high-stakes exercise.

have arrested a man in connection with the killing of UnitedHealthcare CEO Brian Thompson, with officials saying Luigi Mangione is a “strong person of interest” in the case.Thompson, 50, was killed last Wednesday in what police said was a “brazen, targeted” attack as he walked alone to the Hilton from a nearby hotel, where UnitedHealthcare’s parent company, UnitedHealth Group, was holding its annual investor conference.The shooter appeared to be “lying in wait for several minutes” before approaching the executive from behind and opening fire, according to police. He used a 9 mm pistol that police said resembled the guns farmers use to put down animals without causing a loud noise.Here’s what police have said so far about Mangione.According to Joseph Kenny, chief of detectives with the New York Police Department, Luigi Mangione is a 26-year-old man who was born and raised in Maryland, with ties to San Francisco and Honolulu.Police said it’s believed he also may have attended college in Pennsylvania.The 26-year-old reportedly has no prior arrest history in New York and prior to the release of his name on Monday, he was not known to the city’s police nor was his name found in any other U.S.

Indian Administrative Services (IAS) officer Sanjay Malhotra as the next governor of the Reserve Bank of India (RBI) for a three-year term, succeeding Shaktikanta Das, whose tenure ends Tuesday. Malhotra takes over at a time of high inflation and slowing growth amid calls for rate cuts to bolster the economy. The IAS officer, currently secretary, department of revenue, is from the 1990 batch and belongs to the Rajasthan cadre. «The Appointments Committee of the Cabinet has approved the appointment of Sanjay Malhotra as governor, RBI, for a period of three years starting from December 11, 2024,» the government announced Monday. The department of financial services in the finance ministry later issued a notification on Malhotra's appointment by the central government.

RBI since Chakravarthy Rangarajan had to firefight from day one. Sanjay Malhotra may be an exception. As Malhotra walks into Mint Street as the 26th guv, he doesn't face challenges like his predecessors did — a currency crisis, or a ruptured relationship with GoI. Instead, what lies before him are a stable economy that requires some fuel, a fit banking system that's looking to fly, and a financial market that's impatient to grow. After deft handling of the Covid crisis, surge in money supply led to spiralling of prices, forcing it to raise interest rates. But the dual mandate of growth and inflation needs MPC to consider lowering policy rates, as there are signs of inflation cooling and also because of the negative impact of high real interest rates. Malhotra has the ground laid out by the departing Shaktikanta Das, who has signalled that the next move could be a cut in rates. That the two external members of MPC have already voted for a reduction could make his job easier. While monetary policy and interest rates may keep RBI in limelight, its full-service nature — by which it regulates banking, NBFCs and currency markets — has even broader implications for the economy.

TikTok and its Chinese owner ByteDance have turned to a veteran US Supreme Court lawyer as they prepare to ask the justices to block a law that could ban the popular short video platform in the United States. Noel Francisco, who served as US solicitor general during Republican President-elect Donald Trump's first administration, will represent TikTok along with his partner Hashim Mooppan at law firm Jones Day, court papers show. As the Justice Department's top Supreme Court advocate from 2017 to 2020, Francisco defended Trump's ban on people from six predominantly Muslim countries entering the United States. He has argued more than 20 cases before the high court.

Activist investor Barington Capital Group is calling on department store retailer Macy’s to develop an internal real estate subsidiary, reduce capital expenditures, and explore strategic options for its Bloomingdale’s and Bluemercury chains among other...

Cyprus and the U.S. say they’re doubling down on a joint effort to crack down on illicit finance with additional training of Cypriot law enforcement authorities to identify, investigate and prosecute financial crimes