Beyond Financial News

Shashi Tharoor on Friday took a swipe at those who have a problem with the term 'India' but are comfortable calling themselves 'Hindu', although both the words, India and Hindu, are derived from the same etymology, which is river Sindhu. Dwelling on the origin of the term 'Hindu' during the launch of 'Nanu Yaake Hindu', the Kannada version of his book 'Why I am a Hindu', the Thiruvananthapuram MP said both the words were given by foreigners to describe people beyond the river Sindhu or Indus. Tharoor's book has been translated from English to Kannada by Congress leader Prof K E Radhakrishna.

Fast-fashion giant Shein is expected to announce Friday new leadership overseeing its global growth initiatives as the company seeks to diversify its supply chain beyond China. Marcelo Claure, a former SoftBank Group executive, will serve as group vice chairman, a New York-based role that involves expanding manufacturing beyond China to be closer to Shein consumers, he said. “We’re not saying that we’re replacing China," Claure said.

urbanisation, infrastructure development and housing affordability is expected to push growth of real estate development across key tier II cities including Bhubaneswar, Coimbatore, Indore, Jaipur, Kochi, Lucknow, Nagpur, Surat, Thiruvananthapuram, and Visakhapatnam. A joint study conducted by Cushman & Wakefield and the Confederation of Real Estate Developers' Associations of India (CREDAI), has identified 17 cities across India based on healthy traction in overall real estate development, organised retail penetration, and mature residential market development. Of these cities, the cities mentioned above have been identified as the 10 emerging cities that hold the highest potential for growth in the foreseeable future. The cities have been selected based on indicators pertaining to population, infrastructure, talent pool, income, and ease of living, among several factors. While Delhi NCR, Mumbai, Bengaluru, Pune, Hyderabad, Chennai, Kolkata, and Ahmedabad continue to be the key 8 real estate markets, the study anticipates that these 10 tier-II are soon going to add more power to the India-growth-story. “As India continues its remarkable journey of economic growth and witnesses a higher rate of urbanization, we anticipate newer cities to fuel the future growth of the commercial real estate market.

In the realm of personal finance, few decisions loom as large and daunting as the choice between buying a home or a renting one. It’s a decision that can have a profound impact on your financial well-being, and there are compelling arguments on both sides of the divide. Both options have their advantages and disadvantages, and the decision to buy or rent should be based on individual financial situations and long-term goals.

The Reserve Bank of India's (RBI) Monetary Policy Committee unanimously decided to keep the repo rate- key lending rate- unchanged at 6.5 per cent for the fourth time in a row. The rate-setting panel also left the policy stance unchanged with focus on withdrawal of accommodation. The central bank now sees inflation for Q2, Q3 and Q4 at 6.4%, 5.6% and 5.2%, respectively.

Synthesis empowers creators of all backgrounds, offering education, cutting-edge tools, and innovative models to harness the potential of web3, AI, and XR. Their vision is to connect artists, creators, and technology, transforming the digital landscape.We're excited to announce, a strategic alliance between Synthesis and ANSG, a renowned name in Web3 marketing, we have found ourselves another disrupter in the space. This collaboration marks a commitment to expand the horizons of what digital assets can achieve, transitioning beyond mere speculation to a world of tangible value creation and diversified market penetration.

Violent moves in the bond market this week have hammered investors and renewed fears of a recession, as well as concerns about housing, banks and even the fiscal sustainability of the U.S. government.

The dollar fell against all of its major peers before pivotal US payroll data due Friday, but strategists say the pullback may just be temporary. 

Two decades back, the merger of a development financial institution and a bank--ICICI and ICICI Bank--faced significant challenges, expected given the size of the entities involved . Strict regulatory demands, including the cash reserve ratio (CRR) and statutory liquidity requirements (SLR), posed complications and the banking regulator was not willing to grant any forbearances. The economic landscape and corporate finances were also undergoing recovery.

Typhoon Koinu's storm encircled Taiwan between 6 am Wednesday (October 4) and 6 am Thursday (October 5), its defence ministry (MND) tracked one Chinese military aircraft and three navy vessels across the nation, Taiwan News reported. The People's Liberation Army Air Force (PLAAF) military aircraft and three PLAN boats were reportedly spotted, according to the defence ministry. Taiwan's Defence Ministry (MND)said that no graphic of the flight paths had been supplied since there had been no indication that any PLAAF aircraft had crossed the Taiwan Strait's middle line or gotten as far as Taiwan's Air Defence Identification Zone (ADIZ)'s southwest sector. The MND said that it used its intelligence, surveillance, and reconnaissance apparatus to keep an eye on the situation. It responded by dispatching navy ships, combat patrol aircraft, and land-based air defence missile systems. Beijing has been using «grey zone tactics» more often since September 2020, such as deploying military aircraft and naval vessels beyond the middle line and within Taiwan's ADIZ, Taiwan News reported. Notably, Grey zone tactics are «an effort or series of efforts beyond steady-state assurance and deterrence that attempts to achieve one's security objectives without resorting to the direct and substantial use of force.» Typhoon Koinu on Wednesday pounded Taiwan with heavy rain and winds.

Despite public reassurances about the robustness of the U.S. economy, the Federal Reserve is preparing to downsize its workforce, according to Reuters. The central bank has confirmed plans to eliminate approximately 300 positions by the end of this year. This decision marks the institution's first notable personnel reduction since 2010. Currently, the Federal Reserve system, which consists of 12 regional reserve banks, employs around 21,000 individuals.

Investing — Costco reported Wednesday comparable store sales grew 4.5% in September amid stronger growth beyond its core domestic markets in the U.S. and Canada.

Despite positive developments like the launch of futures-based Ether ETFs and a UAE Dirham-based stablecoin driving digital asset adoption, Bitcoin (BTC), the world's most valuable cryptocurrency, failed to stop its losing streak and is currently trading below the $28,000 mark. 

A Jersey Shore town where childhood cancer cases rose is suing to overturn a settlement between the state and the corporate successor to the company that dumped toxic waste into the water and ground for decades

Once bitten, twice shy? Not with dollar bulls, and not when the prey is the yen.

Officials say Ukraine, Poland and Lithuania have agreed on a plan they hope will help expedite Ukrainian grain exports

A New York judge has imposed a limited gag order with a stern warning after Donald Trump disparaged a key court staffer during his civil business fraud trial

The European Union has announced plans to better protect its cutting-edge technologies from foreign snooping that might threaten its economy and security

WisdomTree, Inc. (NYSE: WT), a prominent global financial entity, has declared its intention to close and liquidate five of its ETFs. The ETFs in question will cease accepting creation orders after October 20, 2023, marking the same day as their final trading day on their respective exchanges.

With over 20,0000 downloads in its Open Alpha stage, Haven's Compass is revolutionizing the gaming landscape and invites all gamers to join, play for free, and share their invaluable feedback.

Gandhiji on October 2 every year has been a ritual we have been practicing religiously ever since Independence. But there is need to go beyond that. Gandhiji was a leader, activist, Mahatma and, more importantly, a politician all rolled into one. But he was a politician of a different mettle and it is this role of Gandhiji that is most relevant today.