Beyond Financial News

rupee closed at an all-time low versus the dollar Thursday as the likelihood of a prolonged phase of higher US interest rates and deepening concerns over the Chinese economy prompted global investors to reduce exposure to emerging market currencies. The rupee closed at 83.15 per US dollar on Thursday versus 82.95 per dollar at previous close. The previous record closing low for the Indian currency was 83.02 per dollar on October 19, 2022.

Davidson Kemper, Ares SSG, and Varde Partners. Going beyond consortium loans with a fixed coupon and tenor, advisors are cobbling together lenders to fund borrowers at different rates and with different tenors to create more grades in the seniority of claimants in repayment schedule.

Oppenheimer. In my last column, I touched on the connection between the Galton-Watson process and Oppenheimer’s Manhattan Project colleague Leo Szilard’s work. Time, this week, for a look at another Oppenheimer colleague, the physicist Enrico Fermi.

Indian market in 2014. According to industry insiders, the razor-thin profit margin on smartwatches raises concerns over the long-term viability of many brands. Even those that manage to survive this might struggle to woo budget-conscious customers into transitioning to more lucrative premium products, they said.

Homeworkify is an AI-powered educational platform that has revolutionized the way students approach learning, homework and  academic needs . This article delves into the various aspects of Homeworkify, including its features, impact on education, and more.

It’s been clear for some time that US recession risk has been sliding in recent months, but this week’s updates of a widely followed GDP nowcast published by the Atlanta Fed has been revised up – a lot – for the third quarter.

Gotthard Base Tunnel, renowned as the world's longest rail tunnel, has been abruptly shut down for passenger services due to a derailment that occurred earlier this month. Swiss authorities are grappling with extensive damage that is projected to necessitate months of intricate repairs.

A resilient stock market helped boost gains for savers with retirement accounts through the first half of this year

₹3.00 lakh on Ordnance Equipment Factory Prarambhik Sahkari Bank Ltd., Kanpur for non-compliance with specific directions issued by RBI under Supervisory Action Framework (SAF). The bank had offered interest rate on deposits more than those offered by State Bank of India in violation of specific directions issued under SAF.

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covid-19 pandemic and the induced lockdown, outbound tourism from China was a valuable international commodity. Statistics from the World Tourism Organization suggest Chinese travellers spent $255 billion in 2019, accounting for 20 per cent of all international tourism spending.

Pepe Coin was launched in April 2023 and has since gained a lot of attention from crypto enthusiasts. Pepe Coin aims to create a fun and engaging community around its token. Pepe aims to use this community for tipping, gaming, and NFTs.

Housing affordability saw a steady improvement from 2010 to 2021 across the eight leading cities of India, even during the Covid-19 pandemic, when the Reserve Bank of India (RBI) cut repo rates to decadal lows, the data showed. However, things changed after the Russia-Ukraine war started last year which pushed global inflation due to supply chain disruptions.

iQoo. Shwetank will get a salary of ₹10 lakh for 6 months. His selection was the outcome of a rigorous evaluation process that encompassed factors such as Gameplay, Gaming Knowledge, and Personality & Communication skills.

(Reuters) — Government targets to increase wind power installations globally by five-fold annually by 2030 are unrealistic and would require $27 billion in investment in the supply chain by 2026, Wood Mackenzie said in a report.

SK Ghosh, Group Chief Economic Adviser, SBI, says analysing I-T data showed that “close to 14% of the overall tax filers have left the income group of less than Rs 5 lakh and moved on to a higher income group. The threshold income, which means the weighted income across all income classes, whereby we can define a middle income class in India, has moved up from Rs 4 lakh to Rs 13 lakh. The number of taxpayers is three times more than what it was 10 years back.”How did you slice the Income-Tax data to make the inference on the growing Indian middle class and jump in per capita income?The data put out by the Income Tax department for the last 10 years has a plethora of information and that busts a lot of myths.

The Associated Press has issued guidelines for its journalists on use of artificial intelligence, saying the tool cannot be used to create publishable content and images for the news service

Chandrayaan-3 has made a major achievement in its lunar quest as the 'Vikram' lander module of the spacecraft successfully separated from the propulsion module. The Lander Module 'Vikram' that was with the Propulsion module for the past one month in their journey from Sriharikota in India to Earth's satellite Moon, have now separated. ISRO posted the update on microblogging site ‘X’, formerly known as Twitter.

electric scooter. Slated for debut on August 23, 2023, in Dubai, the electric two-wheeler is expected to draw inspiration from the Creon e-scooter concept, which was initially showcased at the Auto Expo 2018. In their latest teaser, TVS Motor Company has granted us a sneak preview of the electric scooter's instrument console.

electric vehicle (EV), you may be hearing sounds composed by AR Rahman. These days, M&M not only focuses on augmenting the number of EV models but also centres on enhancing the overall experience of passengers and drivers within these battery-powered vehicles. This collaboration is poised to infuse the auditory realm of upcoming Mahindra EVs with creativity and innovation.

By Lewis Jackson and Praveen Menon