Department Financial News

Subscribe to enjoy similar stories. Donald Trump vowed during his campaign to dismantle the Department of Education. He said it to wild applause at his rallies, and it isn’t a crazy idea.

Researchers at investment banks might be less popular than before, but that doesn’t mean that some banks aren’t interested in bolstering their offerings.

Subscribe to enjoy similar stories. NEW DELHI : A tiny bottle of coconut oil--Would you use it to cook up a meal, or to nourish your hair? The seemingly trivial question is close to being answered, after winding through a tax tribunal, a government department, and India's top court for over 15 years. At stake: Heavy taxes and higher prices if the product is labelled a kitchen ingredient, and potential impact on other dual-use products.

Subscribe to enjoy similar stories. New Delhi: A blueprint to spruce up India’s tourism industry is in the works. The Centre is preparing a five-year plan to develop about 100 tourist destinations to global standards, and position them according to their individual potential, according to two officials close to the discussions.

Two Australian tourists are being treated in Thailand for suspected severe alcohol poisoning after apparently consuming tainted drinks in neighboring Laos

President-elect Donald Trump has chosen Howard Lutnick, head of brokerage and investment bank Cantor Fitzgerald and cryptocurrency enthusiast, as his nominee for commerce secretary

The Cabinet had in August, approved 12 new project proposals under the National Industrial Corridor Development Programme (NICDP) with an estimated investment of Rs 28,602 crore spanning across 10 states. “These industrial smart cities, represent the next generation of connected, self-sustaining hubs that will support local communities and elevate India’s global standing,” the Department for Promotion of Industry and Internal Trade (DPIIT) said in a statement on the eighth anniversary of four industrial corridors namely Amritsar-Kolkata Industrial Corridor (AKIC), Chennai-Bengaluru Industrial Corridor (CBIC), East Coast Economic Corridor (ECEC), and Bengaluru-Mumbai Industrial Corridor (BMIC).

Radha Raturi, who held a meeting with the officials of the transport department on Tuesday, has directed the Uttarakhand Transport Department to work on a short-term action plan and increase the number of the rounds of roadways buses to Delhi, especially increasing the frequency of buses on weekends. For this, she has also given instructions to coordinate with the UP. The state administration is worried over inconvenience caused to the public due to the ban on the entry of old model buses of Uttarakhand Transport Corporation in Delhi. Recently, all the state buses, except electronic buses, CNG buses, and BS VI diesel buses, have been prohibited from entering Delhi due to the pollution. According to a press release, chief secretary Raturi has directed the Secretary Transport to hold talks at the appropriate level today itself on the decision of the proposal to purchase 175 buses. She also directed the officials concerned to start the operation of CNG buses purchased by the Corporation recently. The tender process for the purchase of 100 CNG buses has been completed and 30 buses have been received.

The Income Tax (IT) department is taking a lenient approach this year to address the non-disclosure of foreign assets in income tax returns filed in the current assessment year. This week, the department has sent out emails to taxpayers who have not reported foreign assets, asking them to revise their tax return. 

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

TCIL) is likely to sell its remaining 15% share in Bharti Hexacom in multiple tranches for a windfall income. «The government is considering selling out 15% share in Bharti Hexacom in two or more tranches to maximise the proceeds.Decision not to sell the complete stake in one go previously helped the government to maximise its return by more than 60% over its target value of Rs 9,500-crore. Selling the balance stake in multiple tranches will further enhance value maximization for the government,» a senior Department of Telecommunications (DoT) official told ET. In April this year, the public sector firm sold 15% equity of the total 30% it had in Sunil Mittal-driven Bharti's unit Bharti Hexacom that fetched Rs 4,275-crore to the state exchequer at Rs 570 per share.

He said the district administration has implemented several measures to engage voters and improve the overall turnout, including introducing a QR code system, which will guide voters across 18 assembly constituencies. The official said the QR codes will direct voters to their designated polling booths, providing them with critical information such as the exact location and address.

Subscribe to enjoy similar stories. WASHINGTON—The Biden administration’s top antitrust officials plan to take more shots at the tech industry before leaving office, in a race to cap four years of aggressive enforcement. No action looms larger than the Justice Department’s next move in the antitrust case it won challenging Google’s efforts to maintain a monopoly in search.

Trump’s planned administration. Benchmark indexes advanced in Japan, South Korea and Australia, while futures climbed in Hong Kong. The Nasdaq 100 outperformed Monday after its longest rout since January, with Tesla Inc. rising 5.6% on a news report Trump’s transition team have told advisers they plan to make a federal framework for fully self-driving vehicles one of the Transportation Department’s priorities. Nvidia Corp., which reports results this week, fell.

Sean Duffy to be transportation secretary and oversee a huge federal portfolio of infrastructure spending and transit regulations. As the incoming Republican administration promises a swath of spending cuts, Trump in a statement praised Duffy's advocacy in congress for "fiscal responsibility." Still, with the leader of the Department of Transportation tasked with overseeing major infrastructure upgrades and maintenance, the president-elect said Duffy, from Wisconsin, worked with Democratic colleagues in Congress on a major road and bridge project.

M Nagaraju, secretary, department of financial services (DFS), expressed strong doubts about cryptocurrencies, urging caution over the asset class. Speaking at the SBI Banking & Economics Conclave, Nagaraju expressed personal and professional doubts about the legitimacy and safety of digital currencies.

U.S. House of Representatives Ethics Committee is expected to discuss next steps on Wednesday in its investigation into President-elect Donald Trump's attorney general pick Matt Gaetz, two sources with knowledge of the panel's plans said. The sources were granted anonymity to discuss the bipartisan panel's inner workings. A growing number of Trump's fellow Republicans in the U.S. Senate, which has a constitutional duty to confirm or reject high-level presidential appointments, have called on the House panel to turn over its findings on allegations of sexual misconduct involving a teenager and drug use by Gaetz.

Fossil fuel executive Chris Wright, Donald Trump's choice for Energy secretary, is a strong supporter of oil and gas development, including fracking, a key pillar of the president-elect’s quest for U.S. “energy dominance” in the global market

A Mississippi Gulf Coast restaurant and its co-owner have been sentenced on federal charges of mislabeling inexpensive imported seafood as local premium fish

The largest budget airline in the U.S., has filed for Chapter 11 bankruptcy protection

President-elect Donald Trump says he is naming former Wisconsin Rep. Sean Duffy as his nominee to be transportation secretary, as he continues to roll out picks for his Cabinet