Bank of America has been fined $1.2 billion by U.S. regulators. The penalty addresses violations related to money laundering controls at the bank. The issue stems from inadequate monitoring and reporting of suspicious transactions. The fine was imposed to enforce compliance with federal anti-money laundering laws.
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The Indian government is formulating a 25-year strategic plan to decrease national reliance on critical foreign technology. The initiative aims to build self-sufficiency in key technological domains over a long-term horizon. This move is driven by national security and economic considerations. The plan is currently in its proposal stage, as reported by the Economic Times.
The Reserve Bank of India (RBI) has indicated it is open to implementing additional measures to curb speculation in the foreign exchange market. The central bank's stance was reported by the Economic Times, citing recent official comments. This move aims to stabilize the Indian rupee by managing excessive volatility driven by speculative trades. The RBI has previously used interventions and policy tools to maintain orderly market conditions.
Saurav Das and Ashutosh have been remanded to judicial custody at Tihar jail. The arrest relates to a defamation case filed by BJP leader Amit Malviya. The case concerns the alleged sharing of a doctored video. The legal action was initiated following a complaint by Malviya alleging the video was fabricated to harm his reputation.
A US federal judge issued a temporary restraining order against the White House on Friday. The order prevents the administration from suspending the press passes of journalists from CNN and Politico. The judge found the White House's action likely violated the reporters' First Amendment rights. The case stems from a contentious press conference where the journalists' credentials were revoked.
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