Beyond Financial News

After a successful 30-plus year career, wealth management veteran and former Vanguard consultant Don Bennyhoff, who co-created Vanguard Advisor’s Alpha, is turning over a new leaf post-retirement.

Mass consumers, who drive low average selling price (ASP) purchases in Indian ecommerce, constitute about 80% of the total online shopper population, marketplace Meesho said in a report. Online Indian mass consumers usually have an annual household income of between Rs 2.5 lakh and Rs 10 lakh, the report added. About a third of such users are also under the age of 25. About 80% of these shoppers come from beyond tier 2 towns, while users beyond tier 4 towns are the most frequent repeat shoppers, across categories such as women’s fashion, footwear, and baby care products. States like Uttar Pradesh and Bihar are leading ecommerce growth in this segment.

Beyond Meat says its revenue fell nearly 9% in the second quarter on lower demand for its plant-based burgers, chicken and other products

₹1.5 lakh per house for the economically weaker section (EWS) category. Currently, people with an annual income of ₹6-12 lakh are considered to be in the MIG-1 category and those with ₹12-18 lakh annual income are under MIG-2 category, under the housing scheme.

While the advice and financial industry girds itself for a $90 trillion Great Wealth Transfer, only a minority of Americans expect to leave a financial gift for their descendants, suggests new research from Northwestern Mutual.

AI startups in the United States received $27 billion in funding in the April-June quarter, accounting for nearly half of all startup funding in the country during that period. Funding for AI startups in India on the contrary stood at $8.2 million in the April-June quarter, declining about 91% sequentially and by 82% year on year. Even as year-to-date in 2024, Indian AI startupshave raised nearly $96 million, which is a 61% increase over the same period in 2023, there is a reset of sorts happening in the Indian AI space. The initial euphoria is settling down and investors are looking beyond large language models (LLMs) and are now trying to zero in on companies which could build applications and services on top of LLMs. The greatest value for Indian startups could perhaps accrue from building cost-effective applications and services since LLMs and GPU chips are highly capital-intensive, investors and executives told ET.

Bitcoin (BTCUSD) briefly plummeted below $50,000 Monday for the first time since February as U.S. economic fears spread the market rout beyond stocks, leading to about $1.2 billion in crypto liquidations over the past 24 hours.

Sheikh Hasina, who resigned as Bangladesh Prime Minister following massive anti-government protests, landed at Hindon Air Base in a C-130 transport aircraft on Monday, as per ANI sources. The aircraft will be parked near the Indian Air Force’s C-17 and C-130J Super Hercules aircraft hangars. The aircraft movement was monitored by Indian Air Force and security agencies from its entry into Indian airspace to Hindon airbase in Ghaziabad, the sources added. Hasina resigned on Monday and left the country, reports from Dhaka said.

The quantum of loss in FY22 was Rs 80.33 crore, it was Rs 50.10 crore in FY21 and Rs 44.22 crore in FY20. Chaudhary further said to help customers recover the loss on account of fraudulent transactions, the RBI has issued instructions to banks on limiting the liability of customers in cases of unauthorised electronic banking transactions.

ecologically sensitive areas (ESA) of six Western Ghats states, the expert panel is planning to go beyond that. ET gathers that several measures, such as favourable loan and insurance regimes, incentivised green building norms and a clear-cut ESA regime, have been envisaged to avoid dual interpretation. The five-member expert panel, set up in July 2022 to discuss the Kasturirangan committee report recommendations with states, is expected to submit its report by September-end.

Hamas's political leader in an attack blamed on Israel has prompted fears of a wider regional conflict and sidelined talks aimed at ending the nearly 10-month war in Gaza. Since Hamas's deadly October 7 attack on Israel sparked devastating retaliation in Gaza, Qatar has acted as an important interlocutor with the Palestinian militant group. The movement's slain political chief Ismail Haniyeh was based in the Gulf emirate.

Investors who have been around are wondering if this is 1999 all over again with an imminent NASDAQ crash. Many others are pondering whether to sell, lock in profits, or buy more. The best approach, we believe, is to examine the data and make an objective decision.

Riot Games' free-to-play tactical shooter «Valorant» has expanded beyond PC, launching on Xbox Series X and S and PlayStation 5 in several regions.

West Bank Saturday killed nine Palestinian militants, according to Israel's army, as violence flares in the Israeli-occupied territory. The Israeli army said its forces first struck a vehicle in a rural area northwest of the city of Tulkarem in the northern West Bank early Saturday morning, killing the five occupants. The army said they were on their way to carry out an attack. The Palestinian health ministry said the dead men's corpses were taken to a nearby hospital in Tulkarem. All five men were later identified by Hamas as militants belonging to the group, including one who was a local commander.

Meme coins are generally known for their lack of utility and purpose. The vast majority of the meme coins out there either have no real purpose or prove to be a pump and dump.

Delhi High Court has upheld an order accepting cancellation report filed by the police in a complaint filed against BJP leader Syed Shahnawaz Hussain alleging rape and criminal intimidation. Justice Neena Bansal Krishna said there was no infirmity in the order passed by the additional sessions judge (ASJ) and dismissed the revision petition filed by the complainant challenging the December 2023 order. «In the present case, the overwhelming independent ocular, documentary and scientific evidence collected during the investigations, whereby the presence of the respondent no.2 (Hussain) and complainant on the date of the alleged incident at the place of alleged incident… is completely ruled out, the possibility of the commission of alleged offence is rendered zilch. »Hence, the conclusion of the ASJ in accepting the cancellation report has to be upheld. In view of the foregoing discussions, there is no infirmity in the impugned order dated December 16, 2023 and the revision petition is hereby dismissed," the high court said in the order which was passed on Friday and made available on Saturday.

Based on James Clavell’s epic novel, Shōgun has garnered significant attention, earning 26 Emmy nominations, including Outstanding Lead Actor for Sanada. Originally conceived as a limited series, the show's success has paved the way for the development of additional seasons, expanding the saga beyond Clavell’s original work.

BENGALURU : Goa’s appeal is now extending beyond holidaymakers and retirees. Real estate developers from across the country are gearing up to launch projects in the popular holiday destination, led by high demand from wealthy individuals and non-resident Indians. The launches lined up include luxury villas, apartments as well as plotted development projects.

Delhi Police has sought information from the Maharashtra government, the IAS training academy in Mussoorie and AIIMS Delhi on former IAS prohibitionary officer Puja Khedkar in connection with a cheating and forgery case, sources said on Friday. Khedkar was booked by the Delhi Police Crime Branch on July 19 for wrongly availing OBC and PwD (person with disabilities) quota benefits to secure her candidature in the civil services exam. On Thursday, a Delhi court denied her anticipatory bail, saying there were serious allegations against her which «require a thorough investigation». Khedkar, who has not been arrested in the case, had approached the court through her lawyer, saying she faces «immediate threat of arrest».

Read this | Coal India: A diamond in the rough? The change in accounting policy pertains to stripping activity or overburden removal, with related provisions being written back to the income statement. This reclassification has led to a significant revision in earnings estimates. “On the basis of our operational forecasts as well as incorporating the revised accounting policy for stripping cost, our Ebitda and EPS estimates increase by 15% and 14% respectively, for FY25," said analysts at Emkay Global Financial Services.

Turbulence is knocking a beloved instant noodle offering off Korean Air’s economy menu