Bank of America hit with nearly $2 billion in US penalties after US regulators accused the lender of serious anti-money laundering and sanctions compliance failures. FinCEN, the OCC and OFAC cited suspicious transaction monitoring gaps, reporting failures and sanctions violations. Bank of America AML failures US regulators have imposed penalties totaling nearly $2 billion on Bank of America after identifying major weaknesses in its anti-

Tata Consultancy Services has withheld quarterly variable pay from employees at the C3A grade and above after missing internal targets for the September quarter. The decision comes as the company reported its weakest sequential September-quarter revenue growth in three years, even as annualised AI revenue rose sharply. TCS Withholds Variable Pay From Senior Employees TCS will pay no quarterly variable allowance (QVA) to employees in the C3A grade and above for the July

Trump aides Bosnia work has raised questions after James Blair and Chris LaCivita advised Republika Srpska while helping Republican midterm strategy. Trump initially threatened action over any conflict, but later said he did not believe one existed. Trump advisers face scrutiny over Bosnia consulting work President Donald Trump has distanced himself from two senior political advisers after reports revealed that they carried out paid cons

The Tumbler Ridge shooting investigation has widened after US authorities arrested James Cody Bryant, alleging he helped the attacker with advice, money and a livestream plot. The Bryant arrest adds a cross-border criminal case as British Columbia also pursues legal action involving OpenAI. US suspect charged over alleged role in Tumbler Ridge shooting A 30-year-old Washington state resident has been arrested and charged over an alleged

The Trump RAF shift came amid security concerns surrounding RAF Fairford, while the B1 move and Fairford risk remain under investigation. Trump also addressed the Russia plague reports, praised the Flavio vote result and reacted as the Brazil runoff approaches. B1 move follows threat concerns US President Donald Trump said on October 5 that American B-1 bombers had been moved from RAF Fairford in Britain after what he described as “som

The SBI bank strike September 28-30 advisory urges customers to complete branch work early. SBI branch services during bank strike may face disruption, while digital banking services during SBI strike are expected to remain available.   SBI branch services during bank strike State Bank of India has issued an advisory to customers ahead of the three-day nationwide bank strike scheduled for Sept

The 18th BRICS Summit in Delhi 2026 brings leaders together for BRICS bilateral meetings, the BRICS Business Forum, trade cooperation and Global South diplomacy under India’s BRICS chairship.  

A restaurant lease checklist USA helps NRI buyers determine whether an existing location can support the acquisition. Rent, additional charges, remaining lease term, assignment rights, renewal options, permitted use and landlord conditions should be reviewed before closing. A restaurant's lease can be one of its most important operating commitments.

US taxes for NRI restaurant owners depend on tax residency, business structure and location. Foreign owners may face federal income tax, EIN or ITIN requirements, foreign-owner reporting, payroll obligations and state or local taxes when operating a U.S. restaurant. Owning a restaurant in the United States can create tax responsibilities even wh

Does buying a restaurant in USA give an NRI a visa? A restaurant purchase can create business ownership, but immigration permission is separate. Indian investors must independently qualify for an appropriate visa or work-authorized status before managing or working in the business. Buying or investing in a restaurant in the United States does

Restaurant licenses and permits USA are governed mainly by state and local authorities. NRI buyers should verify food establishment approvals, health permits, zoning, occupancy, fire requirements, tax registrations and any liquor licensing before taking over a restaurant. Buying an operating restaurant does not guarantee that every license or pe

Restaurant asset purchase vs entity purchase can significantly change what an NRI buyer acquires. Equipment, inventory, goodwill, contracts, liabilities and tax treatment must be identified before closing an existing U.S. restaurant acquisition. A restaurant advertised “for sale” does not necessarily m

A restaurant due diligence checklist USA helps NRI buyers verify whether an existing business is worth its asking price. Financial records, taxes, leases, permits, equipment, liabilities and contracts should be examined before a purchase agreement becomes final. Buying an operating restaurant can save time compared with starting from scratch, bu

Choosing an LLC or corporation for an NRI-owned restaurant affects liability, taxes, paperwork and foreign-owner reporting. This guide explains how LLCs and C corporations differ, why S-corp status may be unavailable, and what Indian investors should review before forming the business. Choosing a legal structure is one of the first decisions for an NRI planning to

Can an NRI own a restaurant in USA? Generally, foreign ownership is possible, but business structure, state registration, tax reporting and immigration status must be handled separately. This guide explains the key rules before an Indian investor opens or buys a restaurant. An Indian citizen living outside the United States can generally have an ownership interest in a

Buying a restaurant in USA as an NRI can offer access to an established business, but ownership, immigration status, taxes, licenses, leases and financial due diligence must be reviewed separately. This guide explains the key legal and business checks before a purchase. Buying an existing restaurant can provide an operating location, equipment and an established customer base, but an NRI buyer must also consider U.S. business,

Investigators have recovered both flight recorders from the Miami cargo plane crash as federal officials examine how a Boeing 767-300 overran the runway and struck vehicles near Miami International Airport. Five people were killed and five others were seriously injured, according to information provided by the National Transportation Safety Board. Runway Overrun The Boeing 767-300, operated by

The San Diego fatal plane crash at Montgomery-Gibbs Executive Airport killed two people Monday evening, September 7, after a small aircraft crashed on the runway and erupted in flames. Fire crews contained the runway blaze and fuel leak as an airport closure remained in effect and authorities began a crash probe. Fuel leak According to the San Diego Police Department, the plane crashed at Montg

Labor Day gas prices are forecast to average a record $4.03 per gallon nationwide in 2026. GasBuddy says geopolitical uncertainty continues to affect fuel markets, while Columbus and central Ohio prices remain well above year-ago levels. Labor Day gas prices are forecast to reach their highest level on record for the holiday, with GasBuddy projecting a national average of about $4.03 per gallon during the 2026 Labor Day weekend. GasBuddy said on Tuesday, S

Can an F-1 student start a business in the US? Ownership and employment are separate. F-1 students may pursue entrepreneurship through qualifying OPT, while unauthorized day-to-day work can violate status. STEM OPT startups face additional employer and training requirements. An F-1 international student may be able to own or invest in a U.S. business, but actively working for that business is a separate immigration