Sensex dives 390 points in early trade; Nifty below 11,600

This post was originally published on this siteOn the 30-share BSE index, major laggards include Tata Motors, Yes Bank, Tata Steel, Vedanta, HDFC and IndusInd Bank with their shares diving as much as 4 per cent. On NSE, all sub-indices started on a negative tone with Nifty Metal sliding the most, down 2.42 per cent. … Read moreSensex dives 390 points in early trade; Nifty below 11,600

Former Banker Extradited from Malaysia to United States to Face Charges in Multi-Billion Dollar Money Laundering and Bribery Scheme Relating to the 1MDB Fund

This post was originally published on this siteA Malaysian national, Ng Chong Hwa, 46, also known as “Roger Ng,” has been extradited from Malaysia to the United States to face charges of conspiring to launder billions of dollars embezzled from 1Malaysia Development Berhad (1MDB), Malaysia’s investment development fund, conspiring to violate the Foreign Corrupt Practices … Read moreFormer Banker Extradited from Malaysia to United States to Face Charges in Multi-Billion Dollar Money Laundering and Bribery Scheme Relating to the 1MDB Fund

Former FBI Linguist Arrested on False Statement and Obstruction Charges

This post was originally published on this siteA Virginia man who previously served as a linguist for the FBI was arrested Saturday night on charges of making multiple false statements to FBI officials and obstructing a federal investigation. Assistant Attorney General for National Security John C. Demers, U.S. Attorney G. Zachary Terwilliger for the Eastern … Read moreFormer FBI Linguist Arrested on False Statement and Obstruction Charges

Notice of Petitions by Firms for Determination of Eligibility To Apply for Trade Adjustment Assistance

This post was originally published on this siteThe Economic Development Administration (EDA) has received petitions for certification of eligibility to apply for Trade Adjustment Assistance from the firms listed below. Accordingly, EDA has initiated investigations to determine whether increased imports into the United States of articles like or directly competitive with those produced by each … Read moreNotice of Petitions by Firms for Determination of Eligibility To Apply for Trade Adjustment Assistance

Good Riddance to a "Nothing-Burger" Trade Deal

This post was originally published on this siteChina has expanded its domestic debt to fund its growth, much of which qualifies as malinvestment, creating financial vulnerabilities its government is anxious to mask. As I noted in Trade Deal Follies: The U.S. Has Embraced the World’s Worst Negotiating Tactics (April 8, 2019), the trade deal was a Nothing-Burger … Read moreGood Riddance to a "Nothing-Burger" Trade Deal

US court stops adverse visa policy, gives relief to Indians

This post was originally published on this siteThis action by the court, pending disposal of the lawsuit, is significant as unlawful presence can result in being barred from re-entering US for a certain period. It spells good news for the 2 lakh odd students from India currently studying in the US. Please follow and like … Read moreUS court stops adverse visa policy, gives relief to Indians

Cognizant: Mighty growth engine comes to near halt

This post was originally published on this siteThe first signs that something had changed came in 2016, when growth suddenly slumped to 8.6%. And it remained thereabouts for the next two years. And now, the company’s new CEO, Brian Humphries, says growth is expected to be between 3.6% and 5.1% this year. Please follow and … Read moreCognizant: Mighty growth engine comes to near halt

(What’s Left of) Our Economy: Are Trump’s Metals Tariffs Starting to Backfire?

This post was originally published on this site Friday’s monthly U.S. jobs report (covering April) not only included the third straight month of weak manufacturing employment gains. It contained the first notable evidence that President Trump’s tariffs (at least on imports of steel and aluminum) contributed to a payroll slowdown. Industry created only 4,000 new … Read more(What’s Left of) Our Economy: Are Trump’s Metals Tariffs Starting to Backfire?

In abrupt turn, Donald Trump vows higher US tariffs on China goods

This post was originally published on this site US president Donald Trump on Sunday dramatically increased pressure on China to reach a long-sought trade deal by announcing he will markedly increase US tariffs on certain Chinese goods. Trump said on Twitter that tariffs will increase to 25% on Friday and that more Chinese goods will … Read moreIn abrupt turn, Donald Trump vows higher US tariffs on China goods

F1 Unlawful Presence Memo Lawsuit – Blocked by Court. Why? Next?

This post was originally published on this site As many of you know last year news, USCIS published F1 Unlawful Presence Memo in 2018, with effective date of August 9th, 2018 that changed the way they calculate the unlawful presence. There was a lawsuit filed on this memo by a group of institutions late last … Read moreF1 Unlawful Presence Memo Lawsuit – Blocked by Court. Why? Next?

Sign the petition for Dr. Noah Carl

This post was originally published on this siteFree speech is about more than just the First Amendment’s limitation on government power. It’s a principle that should underlie all political discourse. When institutions that promote themselves as open platforms banish those with whom they disagree, it has the same kind of chilling effect as government censorship. … Read moreSign the petition for Dr. Noah Carl

People gossip for average 52 minutes a day

This post was originally published on this site New York, May 5 (IANS) While people gossip 52 minutes a day on average in 16 waking hours, women don’t engage in “tear-down” gossip any more than men, reveals an interesting study. According to researchers from University of California-Riverside, lower income people don’t gossip more than their more … Read morePeople gossip for average 52 minutes a day

US geophysicist on India’s blacklist to get visa next time around

This post was originally published on this site Bengaluru, May 4 (IANS) Renowned US geophysicist Roger Bilham, who was denied a visa to attend a International workshop on climate change and extreme events in the Himalayan region last month, will receive the document the next time he applies it, the California-based convenor of the event has … Read moreUS geophysicist on India’s blacklist to get visa next time around

Govt sees little scope for Jet Airways’ revival: Sources

This post was originally published on this siteThe government sees little hope of a bidder emerging for Jet Airways, which halted operations last month, two finance ministry officials said. Parties that initially expressed interest in Jet, saddled with roughly $1.2 billion of debt, have so far failed to come forward with firm bids to bail … Read moreGovt sees little scope for Jet Airways’ revival: Sources

This Week in Conflicts: Trump Files Lawsuit to Stop Release of Financial Documents, New Emolument Concerns and Taxpayers Cover Cost of Alcohol Bill at Mar-a-Lago

This post was originally published on this site Donald Trump stands in Trump Tower after signing the loyalty pledge to the Republican Party. (Image Credit: Michael Vadon) This week, President Donald Trump and his company filed a lawsuit to stop the release of financial documents, news about foreign governments renting space in Trump World Tower … Read moreThis Week in Conflicts: Trump Files Lawsuit to Stop Release of Financial Documents, New Emolument Concerns and Taxpayers Cover Cost of Alcohol Bill at Mar-a-Lago

Income tax e-filers drop by over 6.6 lakh in FY19: Official data

This post was originally published on this siteIn a first in recent history of tax filings, income tax e-filings in FY2019 have dropped by more than 6.6 lakh, a trend that analysts said was surprising as tax base was expected to increase post demonetisation. According to statistics put out on Income Tax Department’s website, tax … Read moreIncome tax e-filers drop by over 6.6 lakh in FY19: Official data

Tata Motors may drop small diesel cars from its portfolio

This post was originally published on this site Auto major Tata Motors may phase out small diesel cars from its portfolio as demand is expected to slow down due to upcoming BS-VI emission norms that would make such vehicles expensive, according to a senior company official. Already, market leader Maruti Suzuki India (MSI) has stated … Read moreTata Motors may drop small diesel cars from its portfolio