Author: Paul Easter

The rupee recovered from its all-time low to close 3 paise higher at 79.30 (provisional) against the US dollar on Wednesday after a sharp fall in crude oil and foreign fund inflows. At the interbank forex market, the local unit opened at 79.29 against the greenback and witnessed an intra-day high of 79.24 and a low of 79.37. It finally settled at 79.30, a rise of 3 paise over its previous close. In the previous session, the rupee had closed at an all-time low of 79.33 against the US dollar. “The Indian rupee recovered on Wednesday from lower levels on…

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State Bank of India (SBI) has renewed the Memorandum of Understanding (MoU) with the Indian Air Force, to offer a specially curated bouquet of benefits and features to all the serving and retired Air Force Personnel and their families through its unique Defence Salary Package (DSP) Scheme, as per an official statement. The MoU was signed in New Delhi in the presence of Air Chief Marshal V R Chaudhari, PVSM, AVSM, VM, ADC, Air Marshal K Ananthraman, VSM, Air Officer In-charge Administration, and Air Vice-Marshal Ashok Saini, VSM, Asstt. Chief of Air Staff (Accounts & Air Veterans), Swaminathan J., Managing…

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Two retirement systems in Fairfax County, Virginia, distributed $35 million into VanEck’s cryptocurrency lending fund. The administrative region has experience in the digital asset industry since years ago its Police Department pension fund invested in blockchain technology and later displayed intentions to add crypto investment managers. VanEck’s Lending Fund Attracted New Investors As presented on its website, VanEck’s New Finance Income Fund aims to offer “attractive income to investors via short-term lending arrangements with digital asset entities.” The company claims its feature provides high-yield income exposure to cryptocurrencies and a simplified approach to the asset class. According to a recent…

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Part of my rich life is buying as much coffee as I want. I never sweat small purchases like that. A car, however, is one of the biggest personal expenses that I’ll ever make. I’m actually thinking of buying a new car myself right now. Sweating the details and purchasing a car will save me thousands of dollars. That’s a lot of lattes. Not to mention the impact that a car has on my life. I’ve had my current pickup for a decade. And purchasing my next car will shape my next decade. You can’t spend too much time buying…

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Fintech firm Bharatpe has said that it has registered over two-fold growth in loan disbursals facilitated by it to over Rs 3,600 crore in the April-June period. See Zee Business Live TV Streaming Below: The company had facilitated loan disbursal of around Rs 1,700 crore through its NBFC partners in the January-March 2022 quarter. Bharatpe said that it facilitated loan disbursal for over 1.2 lakh merchants during the quarter compared to 66,000 merchants that benefitted from the service in January-March quarter. “Post a successful FY’22 that we closed with a 3 times growth in merchant loans, 2.5 fold growth in…

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We’re suckers for alternative data transmission methods, and [Georgi Gerganov]’s ggwave made us smile. At its core, it’s doing what the phone modems of old used to do – sending data encoded as different audio tones. But GGwave does this with sophistication! It splits the data into four-bit chunks, and uses 16 different frequency offsets to represent each possible value. But for each chunk, these offsets are added to one of six different base frequencies, which allows the receiving computer to tell which chunk it’s in. It’s like a simple framing concept, and it makes the resulting data sound charmingly…

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Ethereum’s public testnet Sepolia is now the second major testnet to implement the long-awaited Merge upgrade. This brings the entire protocol a step closer to changing its consensus mechanism from proof of work (POW) to proof of stake (POS). The upgrade involved “merging” the existing Sepolia POW chain with the POS-based beacon chain. The beacon chain – or “consensus layer” – launched in December of 2020,  and still can’t be used for any reason besides staking ETH. The upgrade took place at approximately 2 pm UTC on Wednesday, after node operators on both the POW and POS chains collaboratively upgraded…

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Knowing how to invest in stocks is an important step you can take to achieve financial freedom. It’s a statement backed by TONS of research. The best way to invest in stocks is through index funds. I am not the only one saying that. It’s also recommended by billionaire investors: “When you look at the results on an after-fee, after-tax basis, over reasonably long periods of time, there’s almost no chance that you end up beating the index fund.” – David Swenson “Both large and small investors should stick with low-cost index funds.” – Warren Buffet If you’re worried about…

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ICC Men’s T20 World Cup 2022 tickets are on sale! This gives fans the opportunity to secure their seats to see the world’s top players from 16 overseas teams vying for the top prize throughout Australia from October 16 – November 13. Tickets are on sale for every 45 T20 World Cup matches, including the final one, to be played at the MCG on 13 November 2022! Tickets for kids are available throughout the first and Super 12 rounds game for $ 5, adult tickets are available at selected matches at each location from $ 20. The price of the…

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Gold Price Outlook: Strength in US Dollar Index (DXY) has taken sheen away from the yellow metal. At 107, the DXY is at a two-decade-high levels. Experts estimate weakness in Gold to continue despite fears of recession and Covid19 lockdown in China.    Ideally, fears of recession should have upped the safe heaven demand and added to gold prices, the last 5-7 years these flows have moved towards USD, Pritam Patnaik, Head – Commodities, HNI and NRI Acquisitions at Axis Securities said. DXY rallied to the highest levels in 20 years leading to a sharp crash in gold prices, he…

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