Ageas Federal Life Insurance partners with NKGSB Co-op Bank
New Delhi, Dec 19 (PTI) Ageas Federal Life Insurance on Tuesday announced a partnership with NKGSB Co-operative Bank to expand its distribution network. NKGSB Co-operative Bank has 104 branches spread over Maharashtra, Goa, Karnataka, Gujarat and Madhya Pradesh. “NKGSB Co-operative Bank, known for its strong customer base and extensive network, adds a valuable dimension to […] Key Points
ThePrintU.S. antitrust enforcer says pressing on with fight against Microsoft/Activision deal
The U.S. Federal Trade Commission said on Friday it remained focused on its appeal opposing Xbox maker Microsoft's (MSFT.O) now-closed $69 billion deal to buy Activision (ATVI.O) but would "assess" the company's agreement with Ubisoft (UBIP.PA). Key Points
ReutersUS Senator Warren: Supreme Court CFPB case threatens all bank regulators
A case due to come before the U.S. Supreme Court next week has the potential to expose every Federal bank regulator to political inference while also jeopardizing Social Security and Medicare, the Federal health insurance program, U.S. Senator Elizabeth Warren said on Thursday. Key Points
ReutersUS SEC chief says government shutdown would reduce agency to 'skeletal' staff
Wall Street's top regulator on Wednesday told U.S. lawmakers that a looming shutdown of the Federal government would reduce his agency's staffing to "skeletal" levels. Key Points
ReutersUS Fed meet outcome: From rate hike to road ahead - Key takeaways from Fed decision
The quarter percentage-point hike, a unanimous decision, lifted the target range for the Fed’s benchmark Federal funds rate to 5.25 per cent to 5.5 per cent, the highest level since 2001. It marked the 11th increase since March 2022, when the rate was near zero. Key Points
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Factbox: What's next after US judge rules in favor of Microsoft-Activision deal?
Microsoft (MSFT.O) cleared a major hurdle in its planned $69 billion purchase of videogame maker Activision Blizzard (ATVI.O), as a judge gave a thumbs-up to the proposed deal a week before the July 18 termination date. Key Points
ReutersUS announces charges in $2.5 billion healthcare fraud takedown
The U.S. Justice Department on Wednesday announced Federal and local criminal charges targeting 78 defendants across 16 states as part of a law enforcement action involving $2.5 billion in alleged healthcare fraud schemes targeting elderly and disabled people, HIV patients and even pregnant women. Key Points
Reuters‘Unabomber’ Theodore ‘Ted’ Kaczynski found dead in U.S. prison
Theodore “Ted” Kaczynski, the Harvard-educated mathematician who retreated to a dingy shack in the Montana wilderness and ran a 17-year bombing campaign that killed three people and injured 23 others, died. He was 81. Key Points
The HinduHow doctors buy their way out of trouble
Hundreds of physicians accused of wrongdoing have paid hefty civil settlements to the U.S. government to keep working and, in some cases, avoid jail time. Key Points
ReutersUS stocks gain after Fed rate hike
The S&P 500 up 0.56%, Dow Jones Industrial Average rises 0.34%, Nasdaq Composite surges 0.83% Key Points
mint
Indian shares open lower on rate fears after Powell's testimony
Indian shares opened lower after U.S. Federal Reserve Chair Jerome Powell reiterated the likelihood of aggressive rate hikes to tackle inflation. Key Points
India TodayUS Supreme Court to decide legality of SEC in-house enforcement
The U.S. Supreme Court on Friday agreed to hear a bid by President Joe Biden's administration to defend certain Securities and Exchange Commission in-house enforcement proceedings in a case that could broadly undercut the power of Federal agencies. Key Points
ReutersData of 237,000 US government employees breached: Report
The personal information of 237,000 current and former Federal government employees has been exposed in a data breach at the U.S. Transportation Department. | World News Key Points
Hindustan TimesUS government agencies target purchasing 9,500 EVs in 2023
U.S. government agencies are targeting buying 9,500 electric vehicles in the 2023 budget year, but face supply issues and higher costs, a Federal report said on Wednesday. Key Points
ReutersBiden's COVID vaccine rule for Federal contractors was valid, US court rules
President Joe Biden had the power to require employees of Federal contractors to receive COVID-19 vaccinations, a U.S. appeals court ruled on Wednesday, throwing out a judge's ruling that had blocked the mandate in Arizona. Key Points
Reuters
India approves new finance commission to suggest how Federal taxes will be shared with states
Presently, India shares 42% of Federal taxes with states. Next Finance Commission will submit its report by October 2025 and its recommendations will be implemented from fiscal yr 2026-27. Key Points
ThePrint5 things that changed for market overnight: Gift Nifty, US Fed minutes to global market cues for Sensex today
A rise in US treasury yields lowered appetite for risky assets amid concerns that the US central bank can continue to raise interest rates to fight inflation. Signs of economic stress in China further dampened investor sentiment. Key Points
mintFederal Reserve still sees significant inflation risk that may merit more rate hikes, minutes show
The response in financial markets to Fed minutes was muted, with Treasury yields little changed and U.S. stocks slightly extending earlier losses. Investors in contracts tied to the Federal funds rate are betting heavily that the Fed won't raise its policy rate again during the current tightening cycle. Key Points
Economic TimesWhat would shutdown mean if US Congress can't reach the last-minute deal
The Senate was meeting late in the evening after Speaker Kevin McCarthy, R-Calif., dropped demands for steep spending cuts. | World News Key Points
Hindustan TimesRupee's upside momentum faces US inflation, RBI test
The Indian Rupee is expected to open mostly unchanged on Tuesday, with investors awaiting U.S. inflation data for possible cues on when the Federal Reserve might begin interest rate cuts. Key Points
Business Today
Gold resumes uptrend after US Fed Federal policy, bullish trend to expand this week; macro forces at play
Gold has resumed uptrend post Federal Reserve policy outcome as traders assessed the latest comments from the Federal Reserve as taking a dovish stance. Further fall in dollar index and bond yields boosting appeal of precious metal. Key Points
FinancialexpressWhy Fed rate cuts must come sooner rather than later
Federal Reserve Chair Jerome Powell should be more worried about tipping the economy into a recession by not lowering rates than he might be with squeezing out the so-called “last mile” of inflation by keeping borrowing costs higher for longer than needed. The reason why is the labor market looks to be deteriorating in ways that are little appreciated. Key Points
Economic TimesVeterans, carpenters and vaccines: What's at stake if US COVID aid is canceled
A Republican proposal to cancel unspent COVID-19 relief money could undercut healthcare for military veterans and pensions for blue-collar workers while doing little to improve the U.S. fiscal picture, a Reuters review of Federal spending figures found. Key Points
ReutersTrump is not immune from prosecution in his 2020 election interference case, US appeals court says
A Federal appeals panel has ruled that Donald Trump can face trial on charges of plotting to overturn the 2020 election results, rejecting his immunity claims. This marks the second time judges have rejected Trump's immunity arguments, and sets the stage for further appeals to the US Supreme Court. Key Points
Economic TimesTMC slams CAG, calls fund-blocking ‘fiscal terrorism’
India News: Trinamool Congress accuses BJP-led NDA government of blocking funds for Bengal, labeling it as 'fiscal Federal terrorism'. TMC highlights the significance of CM Mamata Banerjee's announcement regarding the clearance of dues for NREGS workers. Key Points
Times Of India
US court denies Gupta’s plea for defence material
A judge in the United States has denied a request for defence materials by Indian national Nikhil Gupta, charged by Federal prosecutors in a murder-for-hire... Key Points
The Tribune IndiaUS public debt tops $34 trln as Congress heads into funding fight
The Daily Treasury Statement for Friday showed that the total public debt outstanding rose to $34.001 trillion from $33.911 on Thursday. Key Points
Business TodayIndian shares to open higher as US data boosts rate outlook
Indian shares are set to open higher on Thursday, as rising expectations of an end to the U.S. Federal Reserve's rate hike cycle boosted risk appetite. Key Points
ReutersU.S. Treasury tasks JPMorgan with account validation for Federal agencies
The U.S. Treasury Department has designated JPMorgan (JPM.N) to provide account validation services for Federal government agencies, the investment bank said on Wednesday. Key Points
ReutersUS FCC chair proposes to restore net neutrality rules
U.S. Federal Communications Commission chair Jessica Rosenworcel on Tuesday said she would move quickly to reinstate landmark net neutrality rules rescinded under former President Donald Trump. Key Points
Reuters
Wall Street climbs on signs of easing inflation; chip stocks gain
U.S. annual inflation slowed considerably in June, likely pushing the Federal Reserve closer to ending its fastest interest rate hiking cycle since the 1980s Key Points
Business TodayUS judge blocks FTC bid to review Louisiana hospital deal
A U.S. judge on Wednesday said a hospital consolidation in Louisiana was beyond the reach of Federal antitrust law, delivering a setback to the U.S. Federal Trade Commission in a clash over the scope of its power to review certain acquisitions. Key Points
ReutersA step-by-step guide to Canada's Express Entry programme
There are three Federal economic programs - Canadian Experience Class , Federal Skilled Trades , and Federal Skilled Worker. You can only apply online if you are sent an invitation to apply. Key Points
Economic Times