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The Post Office Monthly Income Scheme (POMIS) is a savings scheme offered by India Post that provides investors with a regular monthly income. POMIS is a low-risk investment option with a fixed interest rate and tenure of 5 years. The scheme is particularly attractive to retired, old citizens and those seeking a regular monthly income Read more: ‘Post Office Monthly Income Scheme’ best option after retirement?..
Oyo, the Indian hospitality startup, is aiming to raise Rs.1,000 crore (approximately $120 million) in fresh funding. The funding is expected to come primarily from family offices of prominent Indian corporate executives and stock market experts. This fundraise is likely to value Oyo at $2.5 billion, a significant decrease from its peak valuation of $9 Read more: Oyo is aiming to raise Rs.1,000 Cr from family offices..
The People’s Bank of China (PBOC) maintained its key policy rates unchanged in its latest announcement on June 17, 2024. The People’s Bank of China (PBOC), China’s central bank maintains its key policy rates unchanged amidst concerns over narrowing bank profit margins and a weakening Yuan. The PBOC kept the medium-term lending facility (MLF) rate Read more: China’s PBOC maintains its key policy rates unchanged..