Department Financial News

05.12 / 00:07

Food Nov Virus cover testing Department infection Raw milk recall in California expands after tests detect more bird flu virus

A California farm has expanded a recall of raw milk sold in stores and has halted production

05.12 / 00:07

UPS BLOCK Airlines reports travelers Department Investigations US senators grill airline officials about fees for seats and checked bags

A U.S. Senate subcommittee has held a hearing to question the growing use of airline fees to charge passengers for things like early boarding and better seats

04.12 / 18:49

Cooper Software awards Experts Department prevention Investigations Ministry of Finance meets PSBs, investigative agencies on bank frauds

public sector banks (PSBs), other ministries and investigating agencies, including Central Bureau of Investigation (CBI), for expeditious and effective investigation in bank fraud cases. In a statement the finance ministry noted that enhance inter-departmental cooperation among different departments, CBI and PSBs for expediting investigation will have salutary deterrent effect and is likely to further catalyse resolution of stressed banking assets. «All measures were discussed for expeditious investigation in bank fraud cases,» it said noting that amendments made to Prevention of Corruption Act, 1988, to prevent investigation and prosecution of bankers for bonafide decisions has had a positive impact.

04.12 / 16:21

markets Software PAM innovations Department Israel’s six key economic clusters seek partnerships with India

Nir Barkat has expressed profound gratitude to India for its unwavering support, highlighting Prime Minister Narendra Modi’s prompt solidarity following the October 7 terror attacks. Speaking to ET on a visit to India to push investment and technology partnership Barkat elaborated on Israel’s innovative economic model, which identifies six key clusters driving exports. These include advanced manufacturing, life sciences, and high-tech and desert-tech sectors. The approach involves aligning infrastructure to these clusters, creating specialized facilities like labs that cater to multiple startups. For instance, shared laboratories for agri-tech companies not only reduce costs but also foster a collaborative ecosystem, Barkat noted.

04.12 / 16:03

markets Provident Software awards information Department recommendations DoT seeks views from Trai on allocation of satellite spectrum: MoS

Department of Telecom (DoT) has sought views on norms for allocating satellite spectrum from sector regulator Trai, Parliament was informed on Wednesday. The government has decided to allocate spectrum for satellite communication services through an administrative mechanism while telecom operators are required to purchase the radiowaves through auction. Minister of State for Communications, Pemmasani Chandra Sekhar in a written reply to the Lok Sabha said that spectrum assigned administratively are also chargeable and hence contribute to revenue.

04.12 / 15:41

Man Extreme Action Celebrity social blues Department This retired police dog’s birthday walk saved a missing man's life – Here's how

04.12 / 13:37

markets COST Google Strategy Justice innovations Department Antitrust officials want to sell Google for parts

Subscribe to enjoy similar stories. The Justice Department wants to turn America’s most successful search engine into a public utility. As part of its proposed remedies in its antitrust case against Google, the department would force the company to share its technology, data and models with competitors at marginal cost.

04.12 / 11:21

Election President Justice Department Courts Relationships US President Biden’s growing worries spurred son’s pardon without delay

Subscribe to enjoy similar stories. Several of President Biden’s close confidants for months said privately that they expected him to pardon his son Hunter, even as he publicly insisted he wouldn’t. But a number of recent events clinched his decision to act despite the likely public backlash, people familiar with the matter said.

04.12 / 09:11

markets Provident Digital Strategy Software awards Department Indian govt denies Elon Musk-owned Starlink connection in satellite spectrum allocation

Elon Musk’s Starlink in India. “No Sir. The Telecommunications Act, 2023 provides for assignment of spectrum through administrative process for satellite-based services, listed in First Schedule of the Act,” Minister of state for communications and rural development Pemmasani Chandra Sekhar said in reply to a question if the decision was made to facilitate entry of Starlink into the Indian market. To a query around projected revenue loss as a result of not auctioning satellite spectrum, the Minister said spectrum assigned administratively are also chargeable and hence contribute to revenue.

04.12 / 01:27

UPS Target Aware Election reports Department Centre likely to miss ₹1.5 trillion capex loan target for states in FY25

Subscribe to enjoy similar stories. The Centre is likely to fall short of fully utilizing the budgeted allocation for states under the ‘Special Assistance for Capital Investment’ scheme in 2024-25, as state spending took a hit during the general elections and a slowdown in economic growth, particularly in the first two quarters, two people aware of the matter told Mint.

04.12 / 00:29

markets security Analysis Trade Experts Justice Department Adani companies on a stronger footing: Bernstein

Adani Group, currently facing impropriety allegations involving one entity of its diversified business empire, is now on a stronger footing than when the to-date unproven charges by US short-seller Hindenburg dramatically shrank the conglomerate's market value early 2023, global brokerage Bernstein said, citing both operating and financing metrics. The brokerage referred to a lower quantum of pledged shares, stronger debt coverage ability, and better relative valuations for some of the companies to justify its current assessment of the group, after billionaire founder Gautam Adani and his nephew Sagar Adani were indicted late November on alleged impropriety charges by the US Department of Justice.

03.12 / 17:35

Citi Citizens awards Healthcare travelers Department Destinations Alliance Air to operate direct flights from Guwahati to Ziro in Arunachal

Alliance Air will operate two flights a week from Guwahati to Ziro in Arunachal Pradesh, an official said on Tuesday. The domestic carrier will operate flights on Mondays and Wednesdays, Lower Subansiri deputy commissioner Vivek HP said. The flight will depart from Guwahati at 12.10 pm and land in Ziro at 1.25 pm. The return flight from Ziro will leave for Guwahati at 1.50 pm and reach there at 3.05 pm. Ziro has established itself as a MICE tourism destination, and with the beginning of the direct flights from Guwahati to Ziro, tourism in the valley will receive a boost, he said.

03.12 / 16:19

markets Reuters Strategy Boeing show reports Department US job openings rise in October, layoffs decrease

Job openings, a measure of labor demand, had risen 372,000 to 7.744 million by the last day of October, the Labor Department's Bureau of Labor Statistics said in its Job Openings and Labor Turnover Survey, or JOLTS report, on Tuesday. Data for September was revised lower to show 7.372 million unfilled positions instead of the previously reported 7.443 million. Economists polled by Reuters had forecast 7.475 million vacancies. Hires fell 269,000 to 5.313 million. Layoffs decreased 169,000 to 1.633 million.

03.12 / 15:35

markets Provident Boeing wellness show reports Department US job openings rose last month, though hiring slowed, in mixed picture for labor market

The number of job postings in the United States rebounded in October from a 3 1/2 year low in September, a sign that businesses are still seeking workers even though hiring has cooled

03.12 / 13:17

security Trade country electronic inclusion Department International China tightens curbs on exports of materials with chip-making applications to US

Subscribe to enjoy similar stories. China will strengthen controls on U.S.-bound exports of some materials that are used in chip making and can have military applications, a move that comes amid rising trade tensions between the two countries. The Chinese Ministry of Commerce said Tuesday that it will ban exports of so-called dual-use materials to the U.S.

03.12 / 10:35

UPS Google Trade President Justice Department Investigations Trump administration FTC opens Microsoft antitrust investigation that Trump administration must carry on or drop

Antitrust enforcers with the Federal Trade Commission have opened a wide-ranging investigation into Microsoft’s business practices, starting off a big legal project that an incoming Trump administration must take up or abandon

03.12 / 07:55

UPS Manufacturing Action Software Matthews President Department US expands list of Chinese technology companies under export controls

The U.S. Commerce Department has expanded the list of Chinese technology companies subject to export controls to include many that make equipment used to make computer chips

03.12 / 07:11

markets Strategy wellness PAM Department prevention Updates KSCAA writes letter to tax dept about taxpayers being wrongly charged late penalty for ITR filing

income tax department making errors in processing income tax returns (ITR). The Karnataka State Chartered Accountants Association (KSCAA) has sent a representation to the CBDT in this regard. KSCAA's representation says that the CPC has erred in considering the due date for filing ITR and has imposed penalties even for those who filed ITR well within the deadline. A chartered accountant, who did not want to be named, also said that her own firm as well as the firm's clients got slapped with the penalty for late filing of ITR even though it was filed on time.

02.12 / 22:03

UPS CEO Parke community show Department US commits to $7.54B loan for Stellantis venture to build 2 EV battery plants

A Stellantis joint venture with Samsung SDI has won a commitment from the U.S. Energy Department for up to a $7.54 billion loan to help build two electric vehicle battery plants in Kokomo, Indiana

02.12 / 20:53

UPS Target Citizens CRA students Department International Layoffs could be on the table for public servants. Here's everything you need to know

The federal government is currently looking for ways to tighten its budget and curb the size of the public service. In order to do that, it’s undertakinga multi-billion dollar spending review.

02.12 / 16:59

markets Strategy Analysis awards reports Department Updates RBI asks banks to bring down inoperative accounts urgently, report their numbers quarterly

The Department of Supervision, RBI, recently conducted an analysis, which revealed that the number of inoperative accounts/unclaimed deposits in several banks was on the higher side vis-a-vis their total deposits as well as in absolute terms, it said. «The banks are ...advised to take necessary steps urgently to bring down the number of inoperative/frozen accounts and make the process of activation of such accounts smoother and hassle free,» a notification to chiefs of all the banks said.

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