Beyond Financial News

Investment in manufacturing: The Production-Linked Incentive (PLI) scheme is invigorating India's manufacturing sector by strategically targeting 14 key industries, including electronics, automobiles, pharmaceuticals, and more. As a result, early signs of success are evident, especially in the electronics sector.

By Shreyash Devalkar

Coffee badging,' reflecting the evolving dynamics of workplace culture amid the return to physical office spaces, as per Forbes reports. What is 'Coffee badging'? This phenomenon, seen as a contemporary response to presenteeism, involves employees strategically managing their time in the office, participating in coffee breaks, socialising, and promptly leaving.

small finance banks (SFBs) scoring above the rest. For example, Unity Small Finance Bank leads with the most attractive FD interest rate at nine percent per annum, followed by Shivalik Small Finance Bank offering rates at 8.65 percent per annum. Within scheduled private sector banks, SBM Bank stands out with the highest FD interest rates, reaching up to 8.25 percent.

Gold rate today: On account of diminishing expectations of the US Fed rate hike, gold price climbed to a new peak of ₹61,914 per 10 gm levels on Multi Commodity Exchange (MCX) in the week gone by. However, profit booking triggered on higher levels and finally MCX gold rate ended at ₹60,745 per 10 gm levels on Friday, logging weekly gain of 1.62 per cent.

Toronto police say an estimated street value of $90 million in cocaine and crystal methamphetamine was seized in what the force is calling its single-largest seizure of those types of drugs in its history.At a press conference on Friday, Supt. Steve Watts, from the organized crime unit, said officers were investigating a major importation and distribution network for illicit drugs in the Toronto area in a 3.5-month investigation dubbed Project Finito.Watts said 551 kilograms of cocaine and 441 kilos of crystal meth was seized following search warrants in October.“It is the single-largest seizure of crystal methamphetamine and powder cocaine in the history of the Toronto Police Service,” Watts said.“The drugs were destined for the streets of Toronto and beyond and would have inflicted significant damage on our communities,” Watts continued.

The Helium Foundation, a trade association under the 501©(6) designation focused on promoting decentralized wireless access, announced the listing of its HNT token on SwissBorg, a notable cryptocurrency platform in Europe. The announcement, dated November 2, 2023, signifies a crucial step towards increasing the accessibility and expansion of the Helium Network.

Ethos, Mac and Pret A Manger. The also comes as apparel retailers that typically occupy anchor space in malls are doing more business online.

Alexa assistant, according to a memo sent to employees on Friday. Daniel Rausch, an Amazon vice president who leads teams working on Alexa and the company’s Fire TV streaming franchise, said the company was “shifting some of our efforts to better align with our business priorities," including focusing on building capabilities powered by generative artificial intelligence. “These shifts are leading us to discontinue some initiatives, which is resulting in several hundred roles being eliminated." Rausch didn’t specify which initiatives would be eliminated.

₹6,252 per bbl, having swung between ₹6,070 and ₹6,261 per bbl during the session so far, against a previous close of ₹6,026 per barrel. -Oil's decline this week was mainly triggered by a steep rise in US crude inventories and production sustaining at record levels, while signs of thawing demand in China also triggered concerns.

Climate scientists have long said that eating more plants and fewer animals is among the simplest, cheapest and most readily available ways for people to reduce their impact on the environment

Meme Moguls is building a platform that combines the world of memes with the financial markets. Users of this platform can channel their inner Elon Musk to trade meme-based stocks and become meme moguls themselves. As the popularity of memes continues to grow, Meme Moguls allows users to tap into their meme knowledge and turn it into real profits.

coal ministry aims a 14% reduction in rail logistics cost through railway network optimization for coal logistics, the government said Friday, a day after the 60th meeting of the Network Planning Group (NPG). “The meeting focused on discussions on Sectoral Plan for efficient Logistics (SPEL)by individual line ministries/departments,” the commerce and industry ministry said in a statement. This initiative, among the various initiatives proposed under the Comprehensive Logistics Action Plan (CLAP) of National Logistics Policy (NLP), was proposed to ensure that a focused approach is taken in addressing logistics-related requirements at the individual sector level. The ministries of steel and coal presented their plans to address logistics issues pertaining to infrastructure, processes, digital improvements, policies and regulatory reforms, and capacity building for a better workforce. Steel ministry outlined their SPEL approach, encompassing in-depth supply and demand analysis for iron ore and steel, forecasted requirements up to 2030-31 and beyond, and strategic planning for future readiness in logistics.

State Bank of India’s chairman Dinesh Kumar Khara on Friday said the Reserve Bank of India’s move on consumer loans would not affect the lender’s ability to grow. “I think overall, we are not really impacted as much in terms of our ability to grow and support the book which we have. But yes, of course, there could be certain other entities which might experience some kind of a pressure as far as supporting this kind of book is concerned,” Khara said in an interview with ET Now. The impact of the increased risk weight on personal loans, including credit cards, will be 55-60 bps, said the SBI chairman. Further, Khara said that SBI's capital adequacy ratio stood at 14.28% as of September end.

The festive quarter brings a significant shift in financial focus, with the real estate sector emerging as a prominent highlight. Real estate investments are seen as a robust and enduring asset class, often overshadowing traditional investment options. Several factors contributing to the increased appeal of real estate investments include increased financial liquidity, heightened market activity, and the opportunity to acquire property at an opportune moment.

Mark Mobius, whose name has been synonymous with investing in developing countries for a third of a century, isn’t planning to slow down even as he steps back from the firm that bears his name. The 87-year-old money manager said he’s busier than ever as he looks to set up a new venture in Dubai. The firm will be “involved in investment,” he said, declining to provide specifics because he said it’s still in the negotiating stage.

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Navi Mumbai. The government aims to build a strong network of metro lines in the Mumbai Metropolitan Region.

Chhath Puja festivities are slated to take place from November 17 to 20, with offerings to the setting sun and the rising sun, known as Arghya, set for November 19 and November 20, respectively. Below are quotes and wishes that you can share with your dear ones during the Chhath Puja celebrations.

collapsed tunnel on the Char Dham route in Uttarakhand has entered sixth today on Friday. A heavy-duty drilling machine began the process of digging through the debris of the collapsed tunnel and rescuing the trapped workers. Officials said that a six-meter section of a steel pipe had been inserted into the bored passage.