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Most investments mature after a long time, and after their maturity we try to make use of the funds based on our requirements. However, some people often have no idea what to do with the matured amount, especially when they do not have any immediate financial need.

The subscription for the last tranche of sovereign gold bonds (SGBs) for this financial year will open on February 12 and close on 16. The issue price has been fixed at Rs 6,262 per gram. The last tranche issued in December 2023 was priced at Rs 6,199 per gm. As these bonds have outperformed returns from physical gold and gold exchange traded funds (ETFs), individuals should look at investing in them to earn tax-free returns.

I think things like GIFT City is a great way, it is clearly an initiative designed to bring money into India and those kind of incentives are incredibly effective, says Jenny Johnson, President & CEO, Franklin Templeton. Edited Excerpts

Bandhan Bank is targeting to increase its share of the secured loan portfolio to 50% of the total loan book by FY26, Chandra Shekhar Ghosh, MD and CEO of Bandhan Bank, informed analysts soon after declaring its Q3 results. Last November, the Reserve Bank of India (RBI) warned banks about the increased share of unsecured loans and raised risk weightage. The bank had earlier said that it aims to raise the share of the secured portfolio to 70% by arch 2025, as reported by ET on October 14, 2022. On Friday, the bank reported a 152% rise (over the corresponding period) in net profit to Rs 733 crore for the quarter ending December 2023.

Ecommerce enabler GoKwik said there is an increasing proliferation of fake orders on ecommerce platforms from people who provide gibberish contact and address details, impacting the cost of operations for companies. «Over the last two weeks, we have observed 2-10% of total orders being fraudulent on the affected merchants. For some, it has been as high as 15-20%. However, with our return to origin (RTO) risk intelligence and fraud prevention mechanisms, we were able to intervene and safeguard merchants immediately. We fear that the actual number of brands affected in the overall ecosystem outside of GoKwik network will be far higher,» said Chirag Taneja, cofounder and CEO of GoKwik.

OpenAI CEO Sam Altman is reportedly setting his sights on a new frontier: the semiconductor industry. According to a Wall Street Journal report published on Thursday, Altman is engaged in conversations with investors, including those from the United Arab Emirates, to secure trillions in funding aimed at bolstering global production of chips specifically designed for AI technology. This initiative could require raising as much as $5 trillion to $7 trillion, as per the report.

wrote. Musk's comment was followed by the Delaware Court of Chancery's Judge Kathaleen McCormick's remark on the Tesla CEO's $56-billion salary. Judge McCormick termed called it "an unfathomable sum".

₹70 lakh for Hyderabad posting); Accenture ( ₹60 lakh), Asian Paints, and Emami Group ( ₹15-18 lakh). Amongst banks, Axis, ICICI, HDFC and IDFC have rolled out offers for ₹20-24 lakh. Government-run banks are raking in hefty profits.

Interest in sustainable investing among individual investors globally is surging – and American investors are leading the way on several fronts, according to a new report from Morgan Stanley.

The first suit, filed in October, charged Genesis and its former CEO Soichiro Moro, its parent company, DCG, and DCG’s CEO Barry Silbert with defrauding investors and the public by trying to conceal more than $1.1 billion in losses, which were borne by investors. The suit has been amended after more DCG investors came forward claiming they had been misled about the safety of their investments, says AG James. “After months of false promises, we pulled the curtain back and revealed that DCG was lying to investors and defrauding them out of billions,” says Attorney General James. “The fraud and deceit were so expansive that many additional people have come forward to report similar harm.” The suit relates to a failed partnership between Gemini and DCG unit Genesis on the former's Earn interest-bearing product.

This is the first time that PayPal Ventures has used PYUSD for an investment since the stablecoin's launch last summer. The funds were transferred on chain using Mesh’s APIs. The investment comes on the heels of Mesh’s $22 million Series A funding round, backed by new investors including Money Forward, Galaxy, and Samsung Next. Mesh helps businesses to integrate crypto transfers and payments directly into their existing platforms, eliminating the need for users to switch between platforms. Established in 2020 as an account aggregation platform, the firm now has over 300 integrations with different exchanges, wallets and brokerages. Bam Azizi, CEO, Mesh, says: “We’re thrilled to have the backing of PayPal Ventures as we execute against our vision of becoming the connection layer for a critical mass of crypto platforms and financial service providers.”

₹3,000 crore. Meanwhile, demand in urban markets outperformed rural markets in the December quarter for the tea and salt maker, reflecting a broader trend in the market. This was also helped by TCPL’s own push to reach more towns and cities, apart from greater growth for its packaged foods portfolio that reported a 5% jump in quarterly volumes.

Airbus is looking for partnerships in Indian defence and space sectors, Michael Schoellhorn, CEO of Airbus Defence and Space, said on Friday. The European aerospace major is also looking for tie-ups with both private and government companies to develop a sourcing and manufacturing base in India, he said. «In a world that is changing so rapidly, it is important to have partners that you can trust and are reliable. The relationship of Airbus and India is one such partnership,» Schoellhorn said, adding «we can say that we make in India, skill in India and innovate in India.»

Indigo Books & Music Inc.’s chief executive says the retailer’s last year has been “challenging” and it could be a while until its financial results recover.

Hershey is cautioning on its 2024 profit growth as the company contends with rising cocoa costs that are leading to increased prices for chocolate

Tether announced today that it led a $25 million Series A funding round for crypto mobile payments app Oobit.

Meta surged more than 17 per cent on Friday as the Facebook parent’s first dividend declaration and robust results increased expectations of strong returns from its investments in “metaverse” technologies and artificial intelligence infrastructure.

BitMEX co-founder and former CEO Arthur Hayes earlier posted on X a scenario where he sees Bitcoin price touching $1 million.

Brookfield Asset Management Ltd. reported earnings that beat estimates and raised its quarterly dividend, as its results were boosted by strong fundraising and capital deployment.

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