Quote of the day by the Dalai Lama: “If you concern yourself with taking care of others, there’ll be no room for lies, bullying and cheating. If you’r,e truthful you can live transparently, which will enable you to establish trust, the basis for making friends…”; Why the Dalai Lama advises being honest to be trustworthy

HDFC Bank and ICICI Bank have raised FCNR(B) deposit rates by twenty-five basis points. This increase applies to select US dollar FCNR(B) deposit tenures, effective August 2026. The government will bear hedging costs on three to five-year FCNR(B) deposits until September 2026.

India’s services sector growth slowed significantly in July, reaching its weakest pace in over four years. New business inflows expanded at the slowest rate since early 2022, driven by softer demand. Overseas demand remained relatively resilient, with export business outperforming overall sales growth. Employment growth improved modestly, while business confidence weakened to a seven-month low….

SBI Funds Management’s Rs 11,693-crore IPO has earmarked up to 1.3 crore shares worth nearly Rs 750 crore for eligible SBI shareholders. The offer opens on July 14, with over 38 lakh SBI shareholders eligible to apply under the reserved category, subject to meeting the company’s eligibility criteria.