Beyond Financial News

Some analysts who favor one or two indicators to forecast US recessions have had a rough year. The reliance on a generally robust predictor may yet prove its worth in the months ahead. But so far the months-long calls by some pundits that recession is near have been wrong, or at least premature.

Central bank digital currencies (CBDCs) have the potential to replace cash in the coming decade, according to a report by venture capital firm Blume Ventures shared with ET. The report, titled ‘Future of Money’, said CBDCs have the capacity to boost financial inclusion by offering a safe and affordable means of making transactions for people with no access to traditional banking services.

Geneva: WTO Deputy Director-General Xiangchen Zhang said developing countries need to think about development from a broader perspective and look at inclusiveness to encourage small businesses and women empowerment. At the ongoing WTO Public Forum in Geneva on Wednesday, he said development goes beyond special and differential treatment (S&DT). S&DT allows developing and poor countries benefits such as taking longer time to implement agreements and binding commitments. Emphasising that S&DT is a core principle of the WTO, he said it is required because of asymmetries in capabilities and knowledge among countries and that «discussions on specific S&DT provisions in WTO agreements are continuing in the house». «Meanwhile, development goes beyond S&DT.

NEW DELHI : Electric vehicle maker Tesla is looking to source components worth around $1.9 billion from India this year, commerce and industry minister Piyush Goyal said on Wednesday. The minister said that going forward, demand for electric vehicles will increase and help the sector grow. “Tesla already last year bought $1 billion of components from I think all of you sitting here," he told members of the Automotive Component Manufacturers Association of India (ACMA).

NEW DELHI : Medical technology giant GE HealthCare plans to scale up manufacturing in India and has chosen the country as part of its strategy to diversify beyond China, a top executive said. An official announcement on the manufacturing boost is expected soon. “India for India makes sense.

A renaissance for the nuclear-power industry has run into a problem: Prices have soared for the radioactive uranium required to fuel reactors in the decades ahead. New reactors have connected to the grid in the U.S., Asia and Europe, while the lifetime of existing plants has been extended. Japan is bringing power stations that were closed after the 2011 Fukushima disaster back online.

Edited excerpts: What is Infosys’ AI-first approach? We have been working on AI for some time, with a lot of our initial investments in technologies like machine learning and deep learning. So, while a lot of work or the building blocks for AI were already in place, last year, we saw the potential of the foundational models. The AI-first strategy simply means that we are reimagining everything that we do from a business standpoint to incorporate AI.

The prospect of an auto workers strike could test Joe Biden’s treasured assertion he’s the most pro-union president in U.S. history

TD Cowen started plant-based meat company Beyond Meat (NASDAQ:BYND) with an Underperform rating and $10 per share price target in a note Wednesday.

Americans with at least $1 million in investable assets are generally pretty good at managing their long-term financial future according to a new survey.

Three quarters of family offices are shifting their primary focus towards wealth and investment management according to a new global survey from Citi Private Bank’s Global Family Office Group.

Stable Money, an online marketplace providing fixed-income investment opportunities to investors was launched and is now ready for customers to download, said the company through its press release on Wednesday. The digital platform compares FD interest rates from over 200 banks, enabling customers to manage and track their FDs using digital tools. Stable Money, which recently secured funding from Matrix and Lightspeed, has on-boarded quite a few partner banks and NBFCs, such as Utkarsh Small Finance Bank, Shivalik Small Finance Bank, Shriram Finance Limited, among others, to offer their fixed-income products, said the press release. The company, while launching the platform, introduced a set of new features such as Break FD, FD Laddering and Switch FD. 'Break FD' offers investors to access funds before maturity without returns. Next is 'FD Laddering' which will guide investors to maintain a balanced portfolio by considering both liquidity and returns.

Everlodge offers a tantalizing promise: luxury real estate ownership that's not just the preserve of the elite. This democratization becomes real with their tokenized approach, where properties can be broken down into more affordable units and thus made available to a much wider demographic. The ELDG token is currently priced at $0.012 per token, allowing investors a ground-floor opportunity to participate in the platform's potential upside.

(Reuters) — Futures contracts that settle to the Federal Reserve's policy rate on Wednesday reflected growing confidence that the U.S. central bank probably will not increase borrowing costs any further, even after the U.S. government reported August inflation accelerated.

Amritsar will soon have the opportunity to witness the Indian tricolor flying high once again. As per a TOI report, India is preparing to install a national flag on a pole that stands an impressive 418 feet tall, surpassing the Pakistan flagpole in height. In response to India's tricolor flying atop a 360-foot pole on the border, Pakistan had erected its own 400-foot-high national flagpole six years ago.

Indian market regulator Sebi on 14 September, Thursday. Zee Entertainment Enterprises' Punit Goenka and Subhash Chandra have been barred by the Sebi from holding key positions within four Zee group firms and other organisations. Also read: Punit Goenka: SAT postpones ZEEL chief's plea against SEBI order; next hearing on... The case pertains to a Sebi order alleging that Goenka and Chandra, former chairman of ZEEL, abused their position as directors or KMPs of a listed company by siphoning off funds for their own benefit.

IndiGo will soon wear a wrist gadget and use a ground device to detect fatigue and check their alertness level before and after their flights. The airline will start this experiment in collaboration with French aerospace conglomerate Thales group to collect data and use it to make flight patterns and roster which are reduces tiredness of their pilots, The airline will also on board a sleep researcher who will work on its fatigue management system, according to an internal memo reviewed by ET. “After six years of research, they have developed a fatigue detection model, offering detailed insights into demographic data, including routes, pairings, crew profiles, and more, going beyond traditional scheduling- models. “IndiGo will conduct a proof-of-concept trial for their technology-driven interface to assess pilot alertness levels over the next few months. Once completed, we will collectively evaluate the efficacy and accuracy of the data,” Ashim Mitra, senior vice president of Flight Operations wrote in a note to pilots. However IndiGo will continue the existing system where pilots can ask for removal from duty when they feel tired. Initially, the ground devices will be set up at large bases of IndiGo like Delhi, Mumbai, Bengaluru and Chennai where pilots will undergo a five minutes test.

best dieticians in Delhi NCR and discovered Niwi. Niwi transformed Madhav’s health by solving issues around weight with a holistic approach on: ● how to improve mental health ● how to lose weight fast ● how to overcome work related stress ● how to improve confidence ● how to leave bad lifestyle habits ● how to live a guilt free life ● how to eat mindfully ● how to be calm and peaceful Obesity, chronic diseases, inappropriate sleep cycles, low immunity, and overall dissatisfaction owing to bad lifestyle choices, particularly in terms of nutrition, plague the market today. Niwi recognizes that developing a healthy relationship with food is critical to addressing a major portion of this issue.

Also Read: UBS's Credit Suisse takeover, 'deal of the century'? In case of delay in releasing of original property documents or failing to file charge satisfaction form with relevant registry beyond 30 days after settlement of loan, the RE shall communicate to the borrower reasons for such delay. However, if the delay is attributable to the RE, it shall compensate the borrower at the rate of ₹5,000 for each day of delay, the RBI said.

Harsh Goenka, Chairman of RPG Enterprises, recently took to X (formerly Twitter) to engage in a discourse regarding the salary of ISRO Chairman S Somanath. In his tweet posted on September 12, Goenka raised the question of whether S Somanath's monthly income of ₹2.5 lakhs was justifiable. Goenka acknowledged that individuals like S Somanath are primarily driven by non-financial factors, including their profound passion for science, unwavering commitment to research, and a deep-seated desire to contribute to their nation's advancement.

Libya's eastern city of Derna on Tuesday, and it was feared the toll could surpass 5,000 after floodwaters smashed through dams and washed away entire neighborhoods of the city. The startling death and devastation wreaked by Mediterranean storm Daniel pointed to the storm's intensity, but also the vulnerability of a nation torn apart by chaos for more than a decade. The country is divided by rival governments, one in the east, the other in the west, and the result has been neglect of infrastructure in many areas. Outside help was only just starting to reach Derna on Tuesday, more than 36 hours after the disaster struck.