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BEIJING — The U.S. Congress increasingly has its eye on American capital that's allegedly funded China's military development, indicating that greater scrutiny on U.S. investments into China may outlast presidential terms and become part of law.

WASHINGTON — Below is the statement the Federal Reserve released Wednesday after its latest policy meeting ended:

The United Steelworkers Union has endorsed President Joe Biden, giving him support from another large labor union

An expected long legal battle has begun over a new rule that requires companies to disclose some emissions and climate-related information

Burmans, who own consumer-goods major Dabur and are the biggest shareholders of Religare Enterprises, have sought the cancellation of stock options worth ₹350 crore granted by Care Health Insurance to Religare chairperson Rashmi Saluja, intensifying the dispute between the management of the company and one of India's most prominent business families. Care Health is a Religare subsidiary and Saluja is the non-executive chairperson of Care Health. The Burmans have threatened the Care board that if it fails to nullify the employee stock options, then legal action will be taken against the directors, including attachment of their personal assets.

Omkara ARC has acquired Park Hyatt Hyderabad's loans for ₹300 crore from lenders at a 34% discount from sellers that included BlackRock and JM Financial. The all-cash deal involved Omkara paying ₹300 crore to buy the ₹450 crore principal outstanding of Park Hyatt in Hyderabad, a 5-star luxury hotel consisting of more than 200 rooms including 25 suites and 40 serviced apartments in Hyderabad. The total debt outstanding including interest and principal is ₹700 crore. «Omkara has bought hotel debt from JM Financial and BlackRock at 66% of the debt,» said a source. «The transaction involved acquiring the NCDs from lenders.» Spokespersons of both Omkara ARC and JM Financial did not respond to requests for comment immediately while BlackRock could not be reached immediately for comment.

Crypto hardware wallet Trezor’s X account fell in the hands of hackers on Tuesday, sounding alarm to its 528,000 followers.

Australia has received its most senior Chinese leadership visit in nearly seven years with stability a key theme of the discussions between the countries’ foreign ministers

phase of the Lok Sabha elections in West Bengal, covering three constituencies, was issued on Wednesday. The constituencies slated for the first phase are Cooch Behar, Jalpaiguri, and Alipurduar, all of which were clinched by the BJP in the 2019 Lok Sabha elections. Voting for these seats in the northern part of the state will be held on April 19. The process for filing nominations by candidates for this phase began on Wednesday and it will continue till March 28, with the withdrawal deadline being April 2.

EV policy, slashing customs duties on imported cars. This policy concession, announced ahead of the general elections, is an incentive for automobile MNCs, such as the world's largest EV manufacturer, Tesla, to make India a global hub for EVs. However, the policy comes with strings:

Aspire & Innovative IPO: The initial public offering (IPO) of small- and medium-sized enterprise (SME) Aspire & Innovative Limited will open for subscription on March 26, 2024 and fixed the price band for the issue today. The company is involved in sales and doorstep delivery of consumer durables products to un-banked and underbanked customer segments through commercial agreements with non-banking financial companies (NBFCs) and micro finance institutions (MFIs). Also Read: Blue Pebble IPO: Here's date, price band, size and other key details Aspire & Innovative IPO Details: Aspire & Innovative Advertising Limited has established a price band of ₹51 to ₹54 per share for the upcoming IPO.

₹18.14 crores through the issuance of 10.80 lakh new shares. The company has established a price band of ₹159 to ₹168 per share for its upcoming small and medium enterprise (SME) IPO. The shares of Blue Pebble IPO is proposed to be listed on the NSE Emerge, with a projected listing date of Wednesday, April 3, 2024.

Tamil Nadu's main opposition party AIADMK on Wednesday finalised seat sharing arrangement for the Lok Sabha polls with allies DMDK, SDPI and Puthiya Tamizhagam. Announcing the electoral pacts here at the party headquarters, AIADMK general secretary Edappadi K Palaniswami said the DMDK would contest from Tiruvallur (SC), Central Chennai, Cuddalore, Thanjavur and Virudhunagar Lok Sabha constituencies. Puthiya Tamizhagam has (PT) been allocated Tenkasi constituency and SDPI the Dindigul segment, Palaniswami said. The poll pacts were signed with DMDK general secretary Premalatha Vijayakanth, PT chief K Krishansamy and SDPI's state unit chief Nellai Mubarak.

Jitendra Chaudhury on Wednesday recognised as Leader of the Opposition (LoP) in the Tripura Assembly. The post of LoP has been lying vacant after incumbent, Tipra Motha Party (TMP) MLA Animesh Debbarma quit before becoming minister in Chief Minister Manik Saha-led BJP government on March 7. Speaker Biswabandhu Sen invited Chaudhury on Wednesday and discussed the LoP-related issues and then recognised him for the post.

Life Insurance Corporation (LIC) on Wednesday said it terminated services of Yogesh Garg against whom a confirmatory order issued by capital market regulator Sebi in front-running trades case. Front-running refers to an illegal practice in the stock market where an entity trades based on advanced information from a broker or analyst before the information has been made available to its clients. Sebi on Tuesday confirmed a securities market ban on five entities, including an employee of Life Insurance Corporation of India (LIC), in a case pertaining to front-running trades of the state-owned insurer.

Assam chief minister Himanta Biswa Sarma on Wednesday said that Assam is looking forward to new investment opportunities from Hindustan Unilever Limited (HUL) including enhanced value addition to the tea industry. Sarma stated on X, “Today in Mumbai, I had an excellent discussion with Mr. Dev Bajpai of Hindustan Unilever Limited & Mr. Prashant Mehta and Mr Saurav Sharma of Lilavati Medical Trust. Assam is looking forward to new investment opportunities by HUL including enhanced value addition to our tea industry. We anticipate an enthusiastic participation by Lilavati Trust in the State’s healthcare sector.” Sarma early this month said that within one month and without any investment summit Assam has secured Rs 80,000 Crore investment.

pirates off Somalia's coast shows how India's military has developed special forces capabilities on par with some of the world's best, according to Western analysts. The Indian Navy seized MV Ruen, a former Maltese-flagged bulk carrier, rescued 17 hostages and captured 35 armed pirates in the nearly 40-hour operation around 2,600 km from the Indian coast last week. «The success of the operation marks the Indian Navy as a top-class force in terms of training, command and control and other capabilities,» CNN quoted John Bradford, Council on Foreign Relations International Affairs fellow, as saying. «What marks this operation as impressive is how risk was minimised by using a coordinated force that includes the use of a warship, drones, fixed- and rotary-wing aircraft, and marine commandos,» Bradford said.

A report by a European business group says that uncertainty and “draconian regulations” have drastically raised risks for foreign businesses in China

These devices offer customizable massage experiences, allowing users to target specific areas of tension and pain with ease. From gentle vibrations to deep tissue relief, they cater to a variety of needs and preferences. By promoting blood circulation, relieving muscle tension, and reducing stress, these body massagers play a crucial role in enhancing overall well-being. They enable individuals to prioritise self-care and enjoy the benefits of regular massages from the comfort of their own homes.

Sarbananda Sonowal said that Congress and its allies are flag bearers of nepotism, corruption, division and corruption. He addressed multiple meetings where he met and interacted with party cadres of BJP and AGP at Makum, Tinsukia and Dibrugarh Legislative Assembly constituencies under the Dibrugarh Parliamentary constituency. Highlighting the good work done by the Prime Minister Narendra Modi led National Democratic Alliance (NDA) government in the last one decade, the “Shakti” of Bharat would triumph over inept, inefficient, indifferent of Congress led opposition, added Sonowal, the BJP nominated candidate for Dibrugarh Lok Sabha constituency. Sonowal called upon party cadres to harness their Shakti to trounce any opposition towards realization of the vision of Viksit Bharat, Atmanirbhar Bharat.

However, a depreciating rupee and selling pressure in smallcap stocks restricted the gains, traders said.