Beyond Financial News

interest rate cuts and with the view that President-elect Donald Trump's policies could be inflationary. The dollar has benefited from market expectation that Trump administration policies, including tariffs and tax cuts, could stoke inflation, leaving the Federal Reserve less room to cut interest rates.

X users are again flocking to Bluesky, a newer social media platform that grew out of the former Twitter before billionaire Elon Musk took it over in 2022. While it remains small compared to established online spaces such as X, it has emerged as an alternative for those looking for a different mood, lighter and friendlier and less influenced by Musk. What is Bluesky? Championed by former Twitter CEO Jack Dorsey, Bluesky was an invitation-only space until it opened to the public in February. That invite-only period gave the site time to build out moderation tools and other features. The platform resembles Musk's X, with a «discover» feed and a chronological feed for accounts that users follow. Users can send direct messages and pin posts, as well as find «starter packs» that provide a curated list of people and custom feeds to follow. Why is Bluesky growing? Bluesky said in mid-November that its total users surged to 15 million, up from roughly 13 million at the end of October, as some X users look for an alternative platform to post their thoughts and talk to others online. The post-election uptick in users isn't the first time Bluesky has benefited from people leaving X. The platform gained 2.6 million users in the week after X was banned in Brazil in August — 85% of them from Brazil, the company said. About 500,000 new users signed up in one day in October, when X signaled that blocked accounts would be able to see a user's public posts.

Subscribe to enjoy similar stories. Some time ago, I came across a podcast episode with US-based sound artist Brian House, who records everyday sounds that are beyond the range of human hearing and makes them audible for us. While he had been recording all sorts of sounds, what he was talking about in that podcast was rats.

Nayanthara, who recently debuted in Hindi cinema with the blockbuster Jawan alongside Shah Rukh Khan, shared her love story with husband Vignesh Shivan in the Netflix documentary Nayanthara: Beyond the Fairytale. A clip from the documentary, released on Thursday, shows the couple reminiscing about how they fell in love. Nayanthara recalled a moment during a shoot in Pondicherry when she saw Vignesh differently for the first time. Sitting on the road between takes, she observed him directing Vijay Sethupathi and was struck by his charm and demeanour. She said, “I don't know, for some strange reason, all of a sudden, I looked at him, and I looked at him differently.” She also confessed that the first thing that crossed her mind was “he’s a cute guy”.She found his approach to filmmaking captivating and began to see him in a new light.

Powell, asked at an event in Dallas whether he would consider being the first Fed chair in more than seven decades to remain on the Fed board after no longer serving as its leader, said only that he is committed to serving out his term as chair. «I'll certainly serve to the end… of my chair term,» Powell said. «And that's really all I've decided, and all I'm thinking about.»

Subscribe to enjoy similar stories. Bitcoin and cryptocurrencies in general got supercharged by Donald Trump’s victory in the US presidential election.

«Yes, there is substantial evidence and analysis suggesting that Elon Musk has spread misinformation on various topics, including elections, to a very large audience through his social media platform, X,» Grok answered. This response has led to a flurry of reactions online, with many users pointing out the irony of Musk's own creation calling him out for misinformation. The fact that Grok—an AI developed under Musk's leadership—acknowledged the issue has prompted widespread mockery and debate.

Subscribe to enjoy similar stories. The alchemy of the venture capital process, in which investments are catalyzed over a number of years into a successful IPO or a big M&A deal, is under pressure. Investors are demanding to extract returns from VC firms and startups even though the IPO market is still in a state of recovery, reflecting lingering economic anxieties and other factors.

TCS shares and got allotted have seen their wealth become 20 times in 20 years, if they have held on to the shares. And they have to thank former Tata group chief Ratan Tata for that. TCS had issued shares at Rs 850 to investors in its IPO in 2004. And since then, it has issued 1:1 bonus shares twice: First time in 2009 and later in 2018. So if an investor got 1 share allotted in TCS IPO, he holds 4 shares after two bonus issuance. Currently, TCS shares are trading around Rs 4200 in Mumbai market, making investors 20 times wealthier in 20 years. After the death of Ratan Tata last month, former TCS CEO S. Ramadorai, who was at the helm when the company went public, shared how Ratan Tata made the wealth creation possible for Indian retail investors. Ratan Tata had served as the chairman of Tata Group from 1991 to 2012 and later in interim interim chairman from October 2016 to February 2017. Speaking to Rediff.com, Ramadorai highlighted Ratan Tata’s vision during the landmark TCS listing in 2004, emphasizing Tata's commitment to empowering retail investors across India. While many suggested international listing, Tata insisted on listing TCS exclusively within India. His focus was on ensuring that small investors, regardless of how many shares they could afford had access to TCS’s growth potential. Tata believed in setting a share price that would allow for future appreciation, rather than pricing so high that it left investors with limited gains, the former TCS CEO said.

Subscribe to enjoy similar stories. The Indian stock market has been in the global spotlight for what The Economist has called the “largest-ever experiment in participatory capitalism." As share indices hit one peak after another over the past five years, attracting retail interest, India’s investor base has grown explosively. Of the country’s 176 million plus ‘demat’ accounts for equity holdings, a vast majority were opened only in the past five years.

Subscribe to enjoy similar stories. BRITAIN WAS the first country to generate electricity from coal. On September 30th that era came to an end when it closed its last coal-fired plant, amid much self-congratulation.

360 ONE Wealth and CRISIL on Tuesday released the Wealth Index report. It is a detailed research and analysis on the investment behaviours, preferences, and wealth management trends of India’s ultra-high-net-worth individuals (UHNIs) and high-net-worth individuals (HNIs). The survey has been conducted on 388 UHNIs and HNIs. The index offers a detailed understanding of the investment strategies and priorities of India’s wealthy. India is an emerging global wealth, with the country now host to 334 billionaires as of 2024. Mumbai has solidified its status as Asia’s billionaire capital and ranks third globally. It has raced based some of the cities in US and China. This economic momentum is expected to further fuel wealth creation across sectors like fintech, e-commerce, space, and defence.

Subscribe to enjoy similar stories. The first race I ever ran was the half marathon at the Standard Chartered Mumbai Marathon in 2009. I have been running ever since.

Swiggy and Zomato, are testing various services to diversify beyond their core operations, sources close to the matter shared. Bengaluru-based Swiggy is piloting a new services marketplace called 'Yello,' offering customers access to professionals such as lawyers, astrologers, dieticians, therapists, and fitness trainers. According to insiders, this initiative could potentially be hosted within the main Swiggy app or as a separate platform. This move aligns with Swiggy’s larger goal of expanding beyond food and grocery delivery. Swiggy is also exploring a premium membership service named ‘Rare,’ catering to affluent customers with perks like access to exclusive events and priority restaurant reservations. These offerings signal a strategic push into high-value services as Swiggy nears its planned stock market listing on November 13.

Swiggy and Zomato are both assessing several new services as the food and grocery delivery majors diversify beyond their core businesses, people in the know told ET. Bengaluru-based Swiggy is all set to launch a pilot programme for a services marketplace, labelled ‘Yello’, which will host professionals such as lawyers, therapists, fitness trainers, astrologers, dieticians, according to sources in the know. The company, which is slated to list on the bourses on November 13, is yet to decide if this service will be spun off into a separate app or kept on the main Swiggy platform, these people added. It is also testing a premium membership service called ‘Rare’, for affluent customers providing them access to high-end events such as Formula 1 races, music concerts, upscale art exhibitions, in addition to VIP hospitality and priority reservations at luxury restaurants. For Swiggy, these moves mark a clear diversification beyond its core offerings.

Dolly Ki Tapri ka hero Sunil Patil a.k.a. Dolly Chaiwala, there is a rising batch of food-providers whose USP is how they serve their fare, rather than what they serve.

Congress on Sunday claimed that India was facing a «demand crisis» due to sustained income stagnation and said the 'double engine' of private investment and mass consumption that powered the UPA's decade of sustained GDP growth has been «derailed» in the last ten years of the Modi government. Congress general secretary in-charge communications Jairam Ramesh urged the government to accept what the Congress has been proposing — raising MGNREGA wages to a minimum of Rs. 400 per day, guaranteeing MSP and a loan waiver for farmers, and a monthly income support scheme for women — to kickstart income growth in rural India. He said that with each passing day, the tragedy of India's dying consumption story becomes more evident. Last week, several CEOs from India Inc raised the alarm over the 'shrinking' middle class and now, new data from NABARD's All India Rural Financial Inclusion Survey (NAFIS) 2021-22 adds to the evidence that India's demand crisis is a result of sustained income stagnation, he said in a statement.

Kangana Ranaut has suffered a great personal loss. The actress-politician’s nani (maternal grandmother) breathed her last on Friday. The ‘Tanu Weds Manu’ actress took to Instagram Stories and paid homage to her late grandmother. “"कल रात मेरी नानी जी इंद्राणी ठाकुर जी का देहांत हुआ। सारा परिवार शोक में है। कृपया उनकीलिये प्रार्थना करें", which translates to, «Last night my grandmother Indrani Thakur ji passed away. The whole family is in mourning. Please pray for them,” she wrote on Instagram Stories.

Subscribe to enjoy similar stories. For years, Goldman Sachs’s private-wealth team has focused on providing investment advice to the ultrarich. Now, it wants to organize their financial paperwork, manage their house staff and find them home insurance.

Pantomath Capital Management, in exchange for a minority stake.

By John Graham