The Employees’ Provident Fund Organisation (EPFO) has announced that it will offer an interest rate of 8.25% on provident fund deposits for the financial year 2023-24. This is the highest rate in the last three years and a significant increase…
In a bid to navigate regulatory challenges, India’s Paytm Payments Bank has forged a strategic partnership with Axis Bank, aiming to sustain its operations amidst a looming deadline set by the Reserve Bank of India (RBI). As the central bank…
Understanding the impact of volatility on currency pairs is crucial for navigating the unpredictable nature of the forex market. Volatility, often manifested as market swings, can present both opportunities and risks. In this article, we’ll explore the effects of volatility…
Bitcoin, the world’s most popular cryptocurrency, has reached a new milestone by surpassing $50,000 for the first time since November 2021. The digital currency has been on a strong upward trend since the start of 2024, gaining more than 16%…
Tech giants like Google, Amazon, and others are cutting jobs despite soaring sales and profits primarily to streamline operations and redirect resources toward artificial intelligence (AI) and automation. These companies are increasingly investing in AI technologies and are prioritizing efficiency…
The Reserve Bank of India (RBI) banned Paytm Payments Bank (PPBL) due to money laundering concerns and KYC non-compliance issues. The RBI also found that accounts were created without proper identification, potentially for money laundering. The RBI’s crackdown on Paytm…