Department Financial News

Kudlow panelists Kevin Hassett and David Malpass discuss former President Trumps pro-growth economic package.

An Alabama man has been arrested for his alleged role in the January hack of a U.S. Securities and Exchange Commission social media account that led the price of bitcoin to spike, the Justice Department said

Rajnath Singh on Friday said the private sector must play a leading role in defence sector, citing its ability to drive innovation and adapt to rapid changes. Speaking at the DRDO Industry Workshop on defence technology acceleration in Delhi, Singh said, «Technology's impact on the defence sector is not limited to conventional warfare; it has given birth to unconventional warfare, including drones, cyber warfare, bio-weapons, and space defence. These elements pose challenges to the defence sector.» «I think the time has come for the private sector to take the lead in defence sector participation. I say this because the private industry has the capability not only to absorb rapid changes but also to create new innovations,» he added.

Subscribe to enjoy similar stories. Federal prosecutors charged an employee of India’s intelligence service with allegedly directing an audacious plot to kill a vocal Sikh activist in New York, an escalation in a long-running investigation that has threatened a rift in the U.S.-India alliance. Vikash Yadav, 39, a now-former employee of India’s foreign intelligence service, faces murder-for-hire charges in connection with the alleged plot that was first revealed last year.

Dozens of farmers in Iowa, Minnesota and Wisconsin are scrambling to feed their flocks after a struggling organic broiler chicken producer abruptly closed a year after getting a $39 million federal loan

Karnataka government is looking to address water and sanitation issues in rural areas through the adoption of innovative ideas and relevant technologies. The IT-BT and Rural Development and Panchayat Raj (RDPR) departments will host a ‘Karnataka Rural Water and Sanitation Sustainability Summit’ on October 29 and have invited startups to provide solutions. The event will feature a pitching session where selected startups can present their ideas, with winners receiving a minimum funding of Rs 25 lakhs. These budding startups will also have the opportunity to pilot their projects with the government, the department announced in a release. Entrepreneurs, academia, startups, and researchers can submit their potential pitch decks by October 23. IT-BT and RDPR minister Priyank Kharge said, “I intend to make Karnataka a water-secure state in the country. If I can solve this using deep tech in biotechnology or IT that ensures we get better portability, the government itself can become your (companies') first client.” He added that the government can help startups pilot these solutions within a sandbox environment and provide capital.

Subscribe to enjoy similar stories. New Delhi: The department of consumer affairs (DoCA) has decided to withdraw from framing guidelines for e-gaming and cancelled a planned study for protecting the growing number of online gamers, two people aware of the developmen said, after draft rules were issued by the ministry of electronics and information technology (MeitY). Bengaluru’s National Institute of Mental Health and Neurosciences (Nimhans) was to conduct the study on “disruptive impulse control behavioural patterns of online gaming that may cause vulnerabilities," with the plan to notify new rules after the completion of the detailed pan-India study.

An Alabama man was arrested Thursday for his alleged role in the January hack of a U.S. Securities and Exchange Commission social media account that led the price of bitcoin to spike, the Justice Department said.

Donald Trump at a Pennsylvania campaign rally faulted the Secret Service for poor communications that day and failing to secure the building where the gunman took his shots. The review also found more systemic issues at the agency such as a failure to understand the unique risks facing Trump and a culture of doing «more with less.» The 52-page report issued on Thursday took the Secret Service to task for specific problems leading up to the July 13 rally.

National Board of Wild Life (NBWL) has revoked the permission granted to a temple trust to use 0.35 hectares of land inside a Gujarat wildlife sanctuary. It has also set up a panel to frame protocol for green permissions to religious institutions in forest areas. The move follows concerns raised by a wild life board member over allowing 'religious use' of the sanctuary land. In view of several 'sacred caves and religious places' in forests and wildlife areas and 'mentions in religious texts', a panel has been set up on the issue, as per the minutes of the October 9 meeting of the standing committee chaired by environment minister Bhupender Yadav. The panel will formulate a standard operating procedure for such religious bodies, prescribe applications and documents required to be submitted along with applications seeking recommendations of the standing committee — in accordance with the provisions of the Wild Life (Protection) Act, 1972, as per the minutes.

NorthEnd Private Wealth CIO Alex McGrath discusses his expectations for the upcoming Federal Reserve meeting and the 3Q earnings season.

The number of Americans filing for unemployment benefits last week came back down to more recent ranges after a big jump the week before due to hurricanes in the Southeast

Hammond, who is also head of international distribution for iM Global Partner and CEO of iM Global Partner UK, is departing to pursue other business and personal interests. A spokesperson for the firm told Investment Week: «The company wishes Jamie well in his future endeavours and appreciates his contribution over the last three years in building the international business and positioning iM Global Partner for the future.» iM Global Partner appoints Jamie Hammond as deputy CEO and head of distribution for EMEA Hammond took on the role in 2021, having joined from Alliance Bernstein...

Retail sales rose 0.4% last month after an unrevised 0.1% gain in August, the Commerce Department's Census Bureau said on Thursday. Economists polled by Reuters had forecast retail sales, which are mostly goods and are not adjusted for inflation, would rise 0.3%. Estimates ranged from no change to an increase of 0.8%.

Subscribe to enjoy similar stories. In January-February 1952, India held its first general elections.

adjoining districts to an orange alert on October 17. The weather agency has warned of heavy rainfall in northern Tamil Nadu. With several southern states Tamil Nadu, Karnataka, Kerala continue to receive heavy rainfall, the respective state governments have directed the state officials to announce holiday for schools. Parts of Tamil Nadu, Karnataka, Tamil Nadu have been reeling under incessant rainfall for a few days now and severe water-logging and traffic congestion has been reported in Chennai and its nearby areas. Residential neighbourhoods and roads were left waterlogged with knee-deep water, and public transport services were majorly impacted today. ALSO READ: Tamil Nadu floods: Depression over Bay of Bengal moves closer to Chennai. These states to receive heavy rainfall

Capacity reduction by SpiceJet and ongoing supply chain challenges delaying delivery of new aircrafts are the main reasons why airlines are struggling to add capacity, say experts. According to the winter schedule released by civil aviation regulator Directorate General of Civil Aviation (DGCA), airlines have planned 25007 flights per week in the domestic sector, an increase of 5.37% over scheduled flights last winter, and a 3% increase over the ongoing summer schedule. The winter season runs from the last Sunday of October which is the 27th, to the Saturday before the last Sunday of March.

CC1'an individual named in connection with the alleged assassination plot of US-based Khalistani separatist Gurpatwant Singh Pannun is no longer an employee of the Indian government. On Thursday, the US State Department described a meeting with the Indian Inquiry Committee as «productive,» highlighting India's cooperation in the ongoing investigation. US State Department Spokesperson Matthew Miller expressed satisfaction with the collaboration. Miller stated, «It was a productive meeting. They did inform us that the individual who was named in the Justice Department indictment is no longer an employee of the Indian government. We are satisfied with the cooperation. It continues to be an ongoing process. We continue to work with them on that, but we do appreciate the cooperation and we appreciate them updating us on their investigation as we update them on ours.»

onion prices before Diwali, the government has decided to flood markets across the country with onions disposing from its buffer stocks. For the first time it will transport the kitchen essential by railway rakes to major consumption centers and states. It will also sell onions via ecommerce platforms such as Zepto, private retail stores such as Reliance Retail and Safal. The government will also be selling onions in the retail market through Kendriya Bhandars and mobile vans. Onion prices ruled close to Rs 100 per kg in retail across major several large consumption centres compelling the government to offload from its own stocks in the retail market at subsidized price of Rs 35 per kilo starting last month.

onion prices ahead of the festive season, the government will transport 1,600 tonnes of buffer stock via railways from Maharashtra to Delhi — the first such initiative using rail transport for the kitchen staple. The special rake, dubbed 'Kanda Express', will depart from Maharashtra's Lasalgaon Railway Station and reach Delhi's Kishanganj Railway Station on October 20, Consumer Affairs Secretary Nidhi Khare announced on Thursday. The government expects this bulk movement to help stabilise prices in the Delhi-NCR region, where buffer stock onions are currently being sold at a subsidised rate of Rs 35 per kg. Currently, retail prices are ruling high up to Rs 75 per kg in different cities. «This rail transport initiative marks a historic first,» Khare said, adding that similar arrangements will be extended to Lucknow, Varanasi and northeastern states including Assam, Nagaland and Manipur.

Chinese Communist Party (SCCCP) have urged the U.S. Secretary of Commerce Gina Raimondo to take immediate action against Huawei's rapid development of semiconductor fabrication facilities. They expressed concern that Huawei is attempting to conceal its involvement in these operations to circumvent existing American restrictions, according to a release from the Select Committee. The lawmakers highlighted that these facilities depend heavily on U.S.-produced semiconductor manufacturing equipment (SME), presenting a crucial opportunity for the United States to impede Huawei's ambitions, which they argue pose significant threats to national security.