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₹5/share ever will get more shares so their holding cost comes to ₹5/share. Simply even last round VC investors who invested at ₹55/ share will get 10x more shares for free so their holding comes to ₹5/share.

South Africa’s Financial Sector Conduct Authority (FSCA) has mandated that all crypto exchanges register and obtain operational licenses by the end of 2023. 

fixed deposit (FD) scheme for senior citizens offering higher interest rates will end tomorrow, 7 July, according to the HDFC Bank website. HDFC Bank's special FD for senior citizens.

NEW DELHI : Economists project that retail inflation will hover around 5% in the July-September and October-December quarter of the current financial year due to skyrocketing prices of food and some vegetables. In May, the consumer price index-based inflation eased to 4.25% from 4.70% in April. Cereals and pulses inflation, however, were high at 12.7% and 6.6%, respectively.

Nifty witnessed some profit booking on Wednesday (July 5) amid weak global cues ahead of the minutes of the Federal Reserve's last policy meeting.  Moreover, concerns over the global economic slowdown hit the risk appetite of investors after China's services sector data came below expectations. "China's services activity expanded at the slowest pace in five months in June, a private-sector survey showed on Wednesday, as weakening demand weighed on post-pandemic recovery momentum," reported Reuters.

South Africa's financial regulator has announced that all crypto exchanges in the country will be required to obtain licenses by the end of the year, according to a report by Bloomberg.

Senior Citizen Care FD Senior Citizen Care FD offers an additional 0.75% interest rate on their term deposits. The scheme was launched on May 18, 2020. The eligible deposit tenure ranges between 5 years 1 day to 10 Years. This special offer will be applicable to new Fixed Deposit booked as well as for the Renewals, by Senior Citizens during the above period. This offer is not applicable to Non-Resident Indian. According to the HDFC bank website, “An Additional Premium of 0.25% (over and above the existing premium of 0.50%) shall be given to Senior Citizens who wish to book the Fixed Deposit less than 5 crores for a tenure of 5 (five) years One Day to 10 Years, during special deposit offer commencing from 18th May'20 to July 7, 2023.”Senior Citizen Care FD interest rate

HDFC Bank on Wednesday said its merged loan book with Housing Development Finance Corporation stood at about 22.45 trillion rupees ($273.77 billion) as at the end of the June quarter.HDFC Bank merged with HDFC on July 1 in a $40 billion merger, the largest in India's corporate history, entering the coveted list of the world's top 10 banks by market capitalisation. HDFC Bank said its loan book rose 13.1% in the June quarter from a year ago on a proforma basis, though some numbers may not be directly comparable with those of the previous year.

Indian market continued on Tuesday as the frontline indices the Sensex and the Nifty settled at their record closing highs for the fourth consecutive session. Sensex opened at 65,503.85 against the previous close of 65,205.05 and hit its fresh record high of 65,672.97 in intraday trade before ending 274 points, or 0.42 per cent, higher at 65,479.05.

NCST) chairman and a social rights activist Harsh Chouhan resigned with eight months left for his term to end. This has left the tribal rights body headless and functioning with a lone member. Chouhan, who hails from Madhya Pradesh, resigned on June 26 and his resignation was accepted by President of India last week.

Wall Street got more signs the Federal Reserve’s war against inflation isn’t breaking the economy — or at least not yet — with traders sending Treasury yields soaring amid bets on further rate hikes.

The Supreme Court’s bombshell ruling Thursday striking down race-conscious college admissions programs will likely hurt diversity within the financial advice profession — but the degree to which it will do so is unclear, observers said.

Singapore’s central bank is introducing new measures to improve investor protection and market integrity in the cryptocurrency industry.

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In his early 30s, Brijesh Goel had it all. After starting his career at Deutsche Bank in New York, he joined Goldman Sachs aged 26 and was already a vice president on the structured credit team. Aged 36, he achieved a position at Apollo, the buyside firm with a reputation forindecently high pay. 

Maharashtra's political waters have been muddied so much in recent years that there is little clarity on the political prospects of different leaders and parties. Ever since the elections in Maharashtra in 2019, the state politics has been on a roller-coaster ride — the BJP's failed attempt to form a government with Ajit Pawar, a leader of its opponent NCP, as deputy CM; the unlikely emergence of the Maha Vikas Aghadi (MVA) when Shiv Sena allied with opponents — the NCP and the Congress; the splitting of Shiv Sena and the ascendency of rebel Eknath Shinde as the CM with BJP support; and now Ajit Pawar joining the Shinde-Fadnavis government as a deputy CM. By effecting a vertical split in his party, has the BJP been able to bring NCP leader Sharad Pawar down from his powerful perch in state politics? Or does Pawar have some new trick up his sleeve?

Retailers are concerned over the tepid response to end of season sales (EOSS) and are offering discounts of up to 75% amid worries they will need to extend the period as business is yet to reach last year's levels. The next few weeks will be crucial as retailers look to clear out inventory before new-season stock is due to come in. According to ICICI Securities, higher discounts are reflective of the relative stress in underlying inventory.

The entire day, we try to contain our excitement and eagerly wait for the clock to hit 6 so that we can peacefully settle into the weekend vibes. Especially these days, with several companies offering four-day work weeks, employees feel more productive and efficient towards the end of the week. However, the moment Sunday evening arrives, we start experiencing certain emotions, popularly known as “Sunday scaries” – basically when Sundays become stressful, instead of rejuvenating. Just the thought of returning to the normal work routine pushes you into a state of panic and despair. And, you find it hard to prepare your mind and body to transition back to the rise-and-grind environment. But what if we told you there is a new workplace trend to help you get rid of these Sunday scaries and Monday blues? It allows you to get the important work done and smoothly ease your way into the rest of the week. It is called “bare minimum Mondays”.What exactly is ‘bare minimum Mondays’?

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And, who would know it better than Rafael Nadal right now. After exhausting all other options, he finally decided to go under the knife earlier in June for a tendon injury that kept him out of competition since January. When he, for the first time in 19 years, missed the French Open, which has become synonymous with him, many thought that his sheer doggedness might just result in a ‘see you soon’.

journalism came to an end asWiener Zeitung, one of the world's oldest newspapers, bid farewell to its daily print edition on Friday. This conclusion came after more than three centuries. The final front page of Wiener Zeitung’s print edition paid homage to the newspaper’s remarkable legacy, featuring the statement, «320 years, 12 presidents, 10 emperors, 2 republics, 1 newspaper.» It was shared by a Twitter user along with the tweet, «The oldest newspaper in the world — the Wiener Zeitung — has been printed for the last time. This is the final front page.» Reactions started to pour in soon after the announcement was made. A user wrote, «Damn. I'm in Vienna today, June 30th, I'm gonna find this, frame & preserve it.»