MET Financial News

WASHINGTON (Reuters) — The FAA on Wednesday granted SpaceX a license to test-launch the company's Starship rocket system from Texas, according to the agency's website, paving the way for another early demonstration of a spacecraft crucial to Elon Musk's satellite launch business and NASA's moon program.

The head of the U.N. atomic agency has observed firsthand the Fukushima Daiichi nuclear power plant’s ongoing radioactive wastewater discharges for the first time since the contentious program began six months ago

Britain has signed a trade agreement with Texas

Amitabh Bachchan has finally met his doppelganger! The ‘living legend’ was seen greeting his Siamese twin in a video that has since gone viral. In the clip, the ‘Kabhie Khushi Kabhie Gham’ star is seen offering blessings to the men, who is shown to be touching his feet. The lookalike, who is named Shashikant Pedwal shared the clip on his Instagram handle and wrote, “With the blessings of Gurudev and all of you, I have reached 2 million followers today (sic).” The video quickly gained traction on the image and video sharing website, gaining more than 300K likes. On the work front, Bachchan Sr. was last seen in Tiger Shroff-starrer ‘Ganpath’. He will next be seen in the Nag Ashwin directorial 'Kalki 2898 AD'. This will also star Telugu superstar Prabhas and Deepika Padukone in lead roles.

Deccan Herald, BRS workers allegedly tried to "kidnap" Aroori, a former BRS MLA in Warangal city of Telangana. He had met Telangana BJP chief G Kishan Reddy on Tuesday, which sparked rumours of him planning to quit the BRS and join the BJP, the report added. "Former minister Errabelli Dayakar Rao had arrived to convince Aroori Ramesh and began taking him to Hyderabad," IANS reported.

Reserve Bank of India's liquidity stance has not convinced several experts, including even a member of the Monetary Policy Committee. What is it that the RBI is doing with liquidity, and why is it affecting the market. ET explains: What is the RBI’s approach towards liquidity management? The central bank follows a “corridor” liquidity management system – with a ceiling and a floor rate – where the repo rate--the rate at which the RBI injects liquidity--is the policy rate which acts as the ceiling for the corridor, while the reverse repo rate works as the floor of the corridor. The ideal situation is one where call rates move within this corridor which the central bank ensures through its liquidity adjustment facility (LAF). The operating framework of monetary policy aims at aligning the weighted average call rate (WACR) with the policy repo rate through proactive liquidity management to facilitate transmission of repo rate changes through the entire financial system. How does this work? Banks try to borrow their shortfall of reserves from the inter-bank market. If reserve requirements like cash reserve ratio and statutory liquidity ratio cannot be met in the inter-bank market, then banks borrow funds from the RBI under LAF. If banks are net borrowers under LAF, the system liquidity can be said to be in deficit. Conversely, if banks deposit more than the reserve requirement, then it becomes a net lender to RBI, and the system liquidity can be said to be in surplus.

Met Department further forecasted light rainfall over Odisha from March 14 till March 17. Jharkhand, Madhya Pradesh, and Chhattisgarh regions are also set to witness light rain from March 16 to March 18.

By David Shepardson

(Reuters) — White House officials met with UnitedHealth Group (NYSE:UNH) CEO Andrew Witty and others in the industry on Tuesday to discuss a hack at the healthcare conglomerate's tech unit that has disrupted operations across the United States.

Nayab Singh Saini was sworn in as Haryana chief minister on Tuesday replacing Manohar Lal Khattar. The state also saw the break up in the ruling alliance as BJP and JJP parted ways just a month ahead of the Lok Sabha polls. All this happened a day after Prime Minister Narendra Modi praised Khattar at a public event in Gurgaon while recalling his old association with the leader and how they used to ride on the Haryana leader's motorbike to different parts of the state. The break up between the BJP and Jannayak Janata Party (JJP) happened as the saffron party denied two Lok Sabha seats to the Dushant Chautala's party.

Officials are investigating what caused a “strong shake” before a sudden plunge on a plane traveling between Australia and New Zealand

The Kentucky House has voted to allow the state’s smallest coal mining operations to reduce the number of miners with emergency medical training on a shift

Political parties in Jammu and Kashmir met the visiting delegation of the Election Commission of India in Srinagar on Tuesday and urged it to hold assembly elections concurrently with the Lok Sabha elections. The ECI team, led by chief election commissioner Rajiv Kumar, arrived in Srinagar on a three-day visit and held interactions with parties, including National Conference, People's Democratic Party, Congress, BJP and CPI (M). The Panthers Party delegation, led by Harsh Dev Singh, was not allowed to meet the ECI team. The party protested outside the meeting venue in Srinagar, alleging «BJP-ECI nexus» is ruining the democratic institution. Leaders of other parties said the ECI delegation heard their suggestions with passion and its attitude seemed to be «considerate».

regional developments and the urgent need to address the issue of humanitarian assistance to Gaza which is facing catastrophic levels of food insecurity. ET has learnt that Doval tried to impress upon Netanyahu the need for an immediate ceasefire in the backdrop of Ramazan. NSA also referred to the need for a two-state solution to achieve a permanent and durable peace even as the two sides discussed stronger responses to terror attacks. They also discussed efforts to release hostages and the issue of humanitarian assistance. This was the first high-level visit from India to Israel since the October 7 terror attack.

Pure Storage (NYSE:PSTG) stock fell nearly 6% on Tuesday after Wedbush analyst Matt Bryson commented on the latest developments involving Meta (NASDAQ:META) Platforms’ new AI clusters.

Richard Hughes, chair of the OBR, told the Treasury Committee at a hearing today (12 March) that Jeremy Hunt's Budget was responsible, given that it met the objectives the chancellor had set for himself, namely to have debt beginning to fall as a share of GDP in five years' time. However, Hughes argued Hunt has done so with «one of the narrowest margins any chancellor has had against fiscal targets» at £9bn. The OBR chair noted this was the second narrowest, as the top spot was taken by Hunt's Spring Budget in 2023. As such, he said there are «significant risks to the fiscal outlooks»...

Nayab Singh Saini took oath as the Haryana Chief Minister, MP from Hisar, Brijendra Singh on Tuesday said that the Bharatiya Janata Party's alliance with Jannayak Janata Party (JJP) was a dangerous one. «We have been continuously speaking about this alliance publicly and on party forums for the last 1.5 years that it is very dangerous,» said Brijendra Singh. Notably, Brijendra Singh resigned from BJP and joined Congress on March 10.

Bengaluru on Tuesday, brandishing empty colourful water pots and wearing Siddaramaiah-masks to protest the Congress regime's alleged inefficiency in the face of the water scarcity crisis in the city. Bengaluru south MP Tejasvi Surya slammed the government, accusing it of leaving the people high and dry to appease its ally DMK in Tamil Nadu. “To keep its alliance partners in TN happy, Congress even took steps detrimental to the city, forgetting the interests of residents of Bengaluru…Both CM Siddaramaiah and Deputy CM DK Shivakumar did not even care to visit the affected areas and see how the situation was on the ground,” he said. The leader met with the Bangalore Water Supply and Sewerage Board (BWSSB) Chairman Ram Prasath Manohar after the protest to submit a memorandum regarding the water crisis. “The Congress government in Karnataka does not have any plan of action for resolving this. We've demanded that CM Siddaramaiah and deputy CM DK Shivakumar visit water-stressed areas, come up with a detailed action plan and address the situation on a war footing. We also offered our suggestions to the Chairman on tackling the water crisis in the city,” he posted on social media platform X.

resigned as Haryana chief minister hours after the BJP alliance with the Jannayak Janata Party (JJP) fell apart. The BJP has claimed that it has 41 MLAs, along with five Independent candidates, to take it past the halfway mark of 45 seats in the assembly. The JJP is led by Deputy CM Dushyant Chautala.

India will have the option of temporarily withdrawing customs duty concessions on EFTA country goods under the trade agreement between the two sides, if the four European nation bloc would not fulfil its USD 100 billion investment obligations. Though the investments have to flow in 15 years — USD 50 billion in the first 10 years (counted after implementation of the pact) and another USD 5 billion in next five years, the trade deal also provides for a three-year grace period to the EFTA bloc to meet the obligations, according to the documents accompanying the agreement. India and four-nation European Free Trade Association (EFTA) bloc signed Trade and Economic Partnership Agreement (TEPA) on March 10 under which New Delhi received a foreign direct investment commitment of USD 100 billion in 15 years from the member countries of the grouping. The EFTA members are Iceland, Liechtenstein, Norway, and Switzerland.

This week will be dominated by inflation data and the bond auction returning to the 1 PM ET time slot. Today, a 3-year Treasury auction will be at 1 PM ET.