#Investment

Provident Fund is a government-backed retirement scheme. (Photo credit: unsplash)

  • Provident Fund is one of the retirement-focused investment options
  • The EPFO allows employees to withdraw before retirement, too
  • However, if an employess withdraws before 5 years of opening the account, TDS may be charged

Read to know if investing in PPF is beneficial or not. (Photo credit: unsplash)

  • There are four government-backed retirement schemes
  • While the EPF and VPF are available to the salaried class, NPS and PPF are open to all
  • Of the 3 schemes, NPS is market-linked and the returns are based on the performance of the other investments

.New Delhi, Delhi, India
Cryptocurrency trade regulations have often been a point of contention for Indian investors. (Photo Credit: Representative Image/Unsplash)

  • Indian banks have allegedly warned customers against crypto trade
  • Banks were citing a 2018 circular to warn users
  • RBI's announcement was welcomed by cryptocurrency exchange platforms

.New Delhi, Delhi, India
Koo has witnessed a massive growth in its user base in recent months. (Photo credit: Representational image/Unsplash)

  • Indigenous microblogging platform Koo has managed to raise $30 million in series B funding
  • Apart from Tiger Global, existing investor are Accel partners, Kalaari Capital, Blume Ventures and Dream Incubator
  • The funding comes amid new IT intermediary rules asking for greater accountability from social media corporations

- Announces partnership with global multi-asset Investment firms, Woodstock Fund and Fracton Ventures - Winners to receive up to $200,000 in grants funding and resources along with mentorship ...

The move of collaborating the Discord with PlayStation is seen as a big step by Sony. (Photo credit: Unsplash)

  • Japan's Sony has invested in Discord, an instant messaging and networking app
  • The company has planned to bring Discord to its PlayStation console in 2022
  • Discord is known to be a popular group chatting platform among the gaming community

The company said that it would follow-up the current investment with a second phase of funds. (Photo credit: Representational image/Unsplash)

  • The company's valuation currently stands at $1.4 billion
  • Gupshup is now the 10th Unicorn company to come out of India in 2021
  • The application helps users categorise enterprise messages and portrays important pieces of information in cards

Due to rising COVID cases, stock market has fluctuated a lot in the recent days leading to a huge crash on Monday. (Photo Credit: Money Control)

  • Sensex dropped as much as 1,400 points on Monday, pulled down by huge losses in financial stocks amid rising COVID cases
  • The stocks hit hard by the crash, included IndusInd Bank, Axis Bank, SBI, Bajaj Auto, ICICI Bank and Reliance Industries amongst others
  •  The stock market is a vote of confidence, a reflection of the mood of the economy and a market crash affects investor confidence leading to loss of wealth for businesses

.Washington D.C., DC, USA
Joe Biden has an ambitious plan. (Photo Credit: Facebook Screengrab/The White House)

  • Democrats and Republicans agree on the need to modernise aging infrastructure
  • Biden believes that large investments are needed to promote sustainable growth
  • The Democrat has not confirmed how much it will all cost