Provident Financial News

Post Office Fixed Deposit/Time Deposit Interest Rate July-September 2023: The Post Office Fixed Deposit interest rates for the July-September quarter of FY 2023-24 will be announced today (June 30). Post Office Fixed Deposit account holders are hoping for a further hike in the interest rate. However, another hike is less likely as the Post Office Fixed Deposit interest rates for various tenors increased by up to 0.5% in the last quarter.

By Nishant Thakkar

Avanta India, India’s leading co-working space provider, is on an expansion spree. It has acquired a new space spread across a 10,000 sq. ft area at its Nehru Place premises due to an increase in demand.

The Nasdaq 100 achieved remarkable gains of nearly 37% in the first half of the year, marking its best performance in over 20 years since 1999. This raises concerns about a potential repeat of the dot-com bubble, and this time primarily because of the Artificial Intelligence (AI) boom. Despite the absence of market panic, several factors suggest the possibility of a continued correction.

As fears of a looming recession begin to mount, investors seek refuge in stable and income-generating investments. In such times, high-quality dividend-paying stocks stand out as attractive options that can offer a combination of potential capital appreciation and regular income, regardless of economic conditions.

Energy providers in China are adding digital yuan payment options, allowing companies and individuals to settle their bills in the nation’s central bank digital currency (CBDC).

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French hardware wallet maker Ledger has ventured into the institutional trading technology market with the launch of the custodial trading platform Ledger Enterprise TRADELINK.

The deputies of Slovakia's National Council, the country's legislative body, voted on June 28 to endorse an amendment that will reduce the taxation of cryptocurrencies in the country.

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Swiss private banking giant Julius Baer Group, that began offering Bitcoin and other crypto services to wealthy clients in May last year, is now expanding its crypto presence in Dubai.

The Render Token price has risen by 1% in the past 24 hours, with its climb to $2.00 helping to compensate a little for the 10% drop it has witnessed in the past week.

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Warner Music Group and Polygon Labs have joined forces to launch a game-changing music accelerator program. This program aims to fuel innovation at the intersection of Web3 and music by supporting developers and dApps on the Polygon network. 

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Rebranded as One Trading, the crypto exchange has now fully separated from digital investment platform Bitpanda, although the latter still retains a stake in tis former subsidiary.

Argentina’s top financial regulator says it wants to adopt the crypto regulations set out by the Financial Action Task Force (FATF), the international money laundering and terrorist financing watchdog.

All 23 of the U.S. banks included in the Federal Reserve's annual stress test weathered a severe recession scenario while continuing to lend to consumers and corporations, the regulator said Wednesday.

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The Law Commission of England and Wales has recommended a national legal framework tailored to dealing with digital assets that addresses collateral arrangements using crypto to back loans.The commission, funded by the Ministry of Justice, noted that such collateral arrangements offer “various benefits” such as improving market liquidity and allowing investors to “extract” the value of otherwise “underutilized” assets. However, risks exist for borrowers providing such collateral if the lender they operate with goes bankrupt, in which case they may not have a claim on all of their funds.“If a collateral taker enters insolvency proceedings, a collateral provider would have only an unsecured claim for the amount constituting surplus proceeds, rather than a proprietary claim to the assets,” wrote the commission in a 304-page report published on Wednesday.