Department Financial News

Subscribe to enjoy similar stories. The nation’s largest workforce could soon be ordered back to the office full-time. President-elect Donald Trump has vowed to slash government bureaucracy and appointed uber-wealthy entrepreneurs Elon Musk and Vivek Ramaswamy to lead the efficiency effort.

public transport to minimise vehicular pollution. «These measures may be adopted by ministries/departments/organisations as per their functional requirements ensuring that it should not have an adverse impact on efficiency and productivity in any manner,» the order read. Given the severe-plus air pollution levels in Delhi, various ministries, departments and organisations of the central government are advised to adopt staggered timing in respect of offices located in the Delhi-National Capital Region, it said.

Subscribe to enjoy similar stories. Two whistleblower complaints flagging financial impropriety at a small New York Stock Exchange-listed company marked the start of a two-year probe by the US government into the Adani group.

Subscribe to enjoy similar stories. With the incoming Trump administration’s new Department of Government Efficiency under Elon Musk and Vivek Ramaswamy in the US, the issue of government efficacy is in focus. India has been steadily leading its own quiet revolution through rigorous process reforms, systematically streamlining governance and dismantling bureaucratic red tape.

Gautam Adani charged in an alleged bribery and fraud case in the US, Trinamool Congress MP Saket Gokhale on Thursday asked if the Narendra Modi-led government was involved in it. Gokhale said while markets were reacting to the news of the indictment, the government was «silent» on the issue. Adani has been charged by US prosecutors over his role in an alleged years-long scheme to pay USD 250 million bribe to Indian officials in exchange for favourable terms for solar power contracts. The BJP, reacting to Congress's attack on the issue, questioned the timing of the development, as it came just before the start of the Parliament session and Donald Trump's impending presidency. All the states mentioned in the indictment where government officials were paid bribes allegedly by the Adani Group were Opposition-ruled during that time, BJP's IT department head Amit Malviya said.

Subscribe to enjoy similar stories. The Justice Department on Wednesday said Google should have to sell off its popular Chrome browser as part of a court-ordered fix to its monopolization of the online search market. The request follows the government’s victory this year in an antitrust case against Google and is likely to kick off a heightened legal fight with wide-reaching implications for the tech giant’s core business.

It is not immediately clear how a mountain of sensitive data, pertaining to resident Indians' undisclosed properties in Dubai and other cities in the UAE, landed in the hands of German authorities. Nonetheless, the ownership details of over 1,000 Indians have reached the income tax (I-T) department as per the 'spontaneous exchange of information' mechanism under the Double Taxation Avoidance Agreement (DTAA) between India and Germany, sources told ET.

Subscribe to enjoy similar stories. State-run Energy Efficiency Services Ltd (EESL) plans to sell its 49% stake in IntelliSmart Infrastructure Pvt. Ltd, its joint venture with National Investment and Infrastructure Fund Ltd (NIIF) for smart metering and digital solutions, two people aware of the development said.

Subscribe to enjoy similar stories. GCCs are offshore units set up by multinational companies to take on key technology-driven tasks. GCCs include tech operation centres run by companies headquartered abroad, driven by India’s tech talent and cheap real estate.

Asteroid 2024 PT5. According to The U.S. Sun, the asteroid which was discovered by NASA's Asteroid Terrestrial-impact Last Alert System (ATLAS) on August 7 measures approximately 33 feet wide and will remain in Earth's orbit for about two months before departing on November 25, 2024. In spite of its size which is significantly smaller than Earth's actual moon, it genuinely poses no hazard to our planet. Asteroid 2024 PT5 hails from the Arjuna asteroid belt and follows an Earth-like orbit, reported The U.S. Sun. Also Read: The Sex Lives of College Girls Season 3: Release date, episode schedule, what to expect & more

Video shows flames spewing from engine of Hainan Airlines plane following bird strike after departing Rome, Italy. (Credit: Viral Press)

infrastructure projects of different ministries, including roads and railways, worth Rs 15.89 lakh crore have been recommended for approval under the PM GatiShakti initiative so far, a top government official said on Wednesday. These projects have been recommended by the Network Planning Group (NPG) constituted under the PM GatiShakti initiative launched on October 13, 2021. «So far, 228 projects have been assessed under the initiative worth Rs 1,588,919 lakh crore,» Additional Secretary in the Department for Promotion of Industry and Internal Trade (DPIIT), Rajeev Singh Thakur told reporters here. There are several benefits of using the PM GatiShakti system, including significant cuts in time and cost for planning these infrastructure projects.

Assam chief minister Himanta Biswa Sarma said that the Swahid Smarak Kshetra, once completed will be a pilgrimage to honour the sacrifice of men and women who laid down their lives during the Assam Agitation. Sarma visited Paschim Boragaon and inspected the Swahid Smarak Kshetra which is being built in the honour of supreme sacrifice of men and women of Assam Agitation. It may be noted that the Smarak Kshetra being built with a financial outlay of Rs. 100 crore, will be dedicated to the people either on 10 December of this year or early next year.

Elon Musk has been a very important figure in the US Presidential elections 2024, and has been quite instrumental in Donald Trump's thumping victory in the polls against Kamala Harris. The Tesla CEO, after the victory of Trump, was announced as the co-head of a special department to begin in Trump's regime, that will keep a check on federal expenses.

Grainger left Schroders after eight years in September 2023 following a reorganisation of his desk, which was rebranded the global unconstrained fixed income team, now led by Julien Houdain. In his 25 years in the industry, he also held roles at Wellington Management, F&C Asset Management, Gartmore and Barclays Global Investors. Schroders global fixed income head Paul Grainger departs «Paul is a highly respected global fixed income portfolio manager and leader. He adds depth and breadth to our growing fixed income platform bringing a proven track record,» said Ashok Bhatia, co-chie...

Subscribe to enjoy similar stories. Donald Trump’s transition team is ramping up plans to replace FBI Director Christopher Wray before the end of his 10-year-term, the start of what the president-elect hopes will be a major shake-up of the agency that has been his perennial punching bag. Vice President-elect JD Vance on Tuesday tucked an announcement of the search at the end of a social-media post that began with him referring to someone as a “mouth breathing imbecile." Vance said he had recently met with Trump to interview people to be the bureau’s director, in the search for a candidate who would “dismantle the deep state." He later deleted the post.

power outages, and dangerous weather conditions. Known as a “bomb cyclone,” the storm intensified rapidly, bringing powerful winds and heavy rain to Washington, Oregon, and California.

U.S. Department of State's Bureau of Consular Affairs. The closure comes as a precautionary measure, with embassy staff instructed to shelter in place. «Out of an abundance of caution, the embassy will be closed, and embassy employees are being instructed to shelter in place,» the department said.

Donald Trump has chosen Howard Lutnick to be the next Commerce Secretary. Lutnick heads the brokerage and investment bank Cantor Fitzgerald. The Commerce Department oversees a variety of areas including computer chip factory funding, trade restrictions, economic data, and weather monitoring. The position also requires strong ties to business leaders. Lutnick served as co-chair of Trump's transition team alongside Linda McMahon. He also appeared on Trump's show «The Apprentice.»

Babulal Marandi exuded confidence saying that the BJP-NDA alliance will secure more than 51 seats in the polls and form the government as the people were discontented with the ruling Hemant Soren led-JMM party in the state. Speaking to ANI, Babulal Marandi said, «Today voting will take place for the second phase of the Jharkhand Assembly elections. The mood of the people in Jharkhand is to change Hemant Soren led-JMM government as they have suffered under their rule in these past 5 years. People will vote for a change.» The State BJP Chief further said that the Income Tax department recently conducted raids at several locations linked to the Chief Minister's personal assistant, alleging that such actions are only possible due to involvement with black money.

Donald Trump has chosen Linda McMahon to lead the U.S. Department of Education. McMahon, who previously served as the head of the Small Business Administration under Trump’s first term, has long been a staunch supporter of the former president’s policies. Her appointment is part of Trump’s broader initiative to shift federal responsibilities for education to state governments. Trump described McMahon as a «fierce advocate for Parents' Rights» and pledged, «We will send Education BACK TO THE STATES, and Linda will spearhead that effort.» This echoes his longstanding plan to decentralise control over education, moving away from federal oversight. Also Read: Donald Trump taps former wrestling executive Linda McMahon as education secretary