Finance Archives - World Circular

String Metaverse’s Hong Kong Subsidiary Receives Strong D&B Risk Assessment

World Circular — Thu, 27 Aug 2026 10:13:16 +0000

Hong Kong / Hyderabad (Telangana) [India], August 26: String Metaverse Limited (BSE: 534535) today announced that its wholly owned Hong Kong subsidiary, String Fintech HK Limited, has received a Dun & Bradstreet (D&B) Rating of 3AA1, with a “Strong (Minimal Risk)” assessment, according to a D&B Latest report.

The assessment marks an important institutional milestone as String Metaverse expands its global financial-technology and digital-asset infrastructure.

KEY D&B ASSESSMENT

D&B Rating: 3AA1

Risk Indicator: 1 — Strong (Minimal Risk)

Risk Predictor Score: 7 vs. industry median of 6.1 across 1,781 firms

12-Month Financial Distress Probability: 0.23%

STRONG FINANCIAL PROFILE

For the financial year ended March 31, 2025, String Fintech HK Limited reported:

Revenue: US$44.59 million

Profit After Tax: US$3.99 million

Net Profit Margin: 8.94%

Current Ratio: 16.14

Total Indebtedness: Nil

The D&B assessment also reported no registered charge against the company and found no record of civil suits across the Hong Kong court and government records searched for the preceding five years.

BUILDING INSTITUTIONAL-GRADE GLOBAL INFRASTRUCTURE

Hong Kong is a strategic hub in String Metaverse’s international architecture as the Group builds infrastructure across digital assets, Web3, financial technology and data services.

Ganesh Meenavalli, Managing Director, String Metaverse Limited, said:

“As String Metaverse expands globally, scale must be matched by institutional credibility, financial discipline and strong governance. The D&B assessment of our Hong Kong subsidiary is an encouraging validation of the financial foundations we are building across the Group.”

He further added: “Hong Kong is strategically important to our global ambitions. Our objective is to build String into an institution capable of connecting traditional financial markets with the emerging digital-asset economy.”

ABOUT STRING METAVERSE LIMITED

String Metaverse Limited (BSE: 534535) is building businesses and infrastructure across digital assets, Web3, financial technology, data services and next-generation digital commerce.

Through its international subsidiaries and operating entities, the Group is developing a globally connected infrastructure platform positioned at the convergence of traditional finance, digital assets and the tokenized economy.

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Over 6 in 10 digital wallet users surveyed believe that RBI shouldn’t reduce the amount of money stored in digital wallets; Want it to retain or increase limits instead

World Circular — Sat, 20 Jun 2026 06:51:10 +0000

New Delhi [India], June 19: India’s digital payments revolution, powered by the Unified Payments Interface (UPI) and a rapidly expanding base of digital wallet and Prepaid Payment Instrument (PPI) users, has made small-value, app-based payments a part of everyday life for hundreds of millions of Indians. Digital wallets are now used for everything from daily commute and grocery payments to recharges, bill payments and merchant transactions, making the balance and transaction limits attached to them a matter of direct, practical interest to consumers.

63% of digital wallet users surveyed want RBI to retain or increase wallet limits while 23% believe limits should depend on the level of KYC/authentication completed by the user
62% of digital wallet users surveyed say reducing the amount that can be stored or transacted via wallets would inconvenience their everyday payments; 38% believe lower limits won’t curb fraud and will only penalise genuine users
Nationwide survey receives 43,000 responses from users of digital wallets across 304 districts of India

Against this backdrop, the Reserve Bank of India (RBI) in April 2026 released a draft Master Direction on Prepaid Payment Instruments (PPIs), 2026, for public comments, replacing its August 2021 framework, with the consultation window open till May 22, 2026. While the draft raises the maximum outstanding balance for Full-KYC wallets to ₹2 lakh, it also proposes to sharply cut the monthly cash top-up limit for such wallets from ₹50,000 to ₹10,000, introduces a uniform ₹25,000 monthly cap on person-to-person transfers, mandates UPI and card-network interoperability, requires immediate refunds for failed transactions and imposes tighter compliance norms on issuers, citing rising fraud and anti-money-laundering concerns.

The proposed reduction in how much money can be loaded into and moved through digital wallets has drawn considerable attention from users and industry alike, with many arguing that genuine, everyday users could be inconvenienced even as the changes do little to deter determined fraudsters. To understand how digital wallet users view these limits, LocalCircles conducted a large survey seeking their direct opinion on whether the RBI should reduce, retain or increase wallet limits, and how a reduction would affect them.

The survey received over 43,000 responses from users of digital wallets across 304 districts of India and found that an overwhelming majority of digital wallet users are against any reduction in wallet limits. 63% of those surveyed want the RBI to retain or increase limits, only 7% support reducing them, and 23% believe limits should depend on the level of KYC/authentication done by the user. Further, 62% say they would be inconvenienced if limits were reduced, and 38% believe that reducing limits will not curb fraud, but instead penalise genuine users. The detailed findings are summarised below.

63% of digital wallet users surveyed believe RBI should retain or increase limits; 23% believe limits should depend on level of KYC/authentication

With the RBI’s draft rules proposing changes to how much money can be stored and transacted through digital wallets, the survey first sought users’ view on the money limits for digital wallets. In response, 33% said current limits should be increased as people increasingly rely on wallets, while 30% said current limits are adequate and should be retained as is – taking the share that wants limits retained or increased to 63%. Another 23% felt limits should depend on the level of KYC/verification done by the user, and only 7% said limits should be reduced to lower fraud and misuse risk, while 7% could not say. This indicates that a large majority of users see digital wallets as a growing necessity rather than a risk to be curtailed. This question in the survey received 22,259 responses.

62% of digital wallet users surveyed believe that they would be inconvenienced if RBI reduced the amount of money that can be stored or transacted via digital wallets; 38% also believe reducing limits won’t curb fraud but penalise genuine users

The survey next asked digital wallet users how it would affect them if the RBI were to reduce the amount of money that can be stored or transacted via digital wallets. In response, 62% said it would inconvenience them as they use wallets for regular/daily payments, 26% said they would be forced to shift back to bank/UPI for higher-value payments and 17% said they would be forced to shift to cash. Among the respondents, 19% felt it would reduce their rewards and offers, another 19% felt it would reduce their exposure and make them feel safer from fraud, 31% said it would not affect them much. Importantly, 38% of users stated that reducing limits won’t curb fraud and will only penalise genuine users. This question in the survey received 21,356 responses. (Some respondents selected more than one option and hence the total does not equate to 100%.)

To summarise, the survey makes it clear that digital wallet users overwhelmingly do not want the RBI to reduce the amount of money that can be stored or transacted via digital wallets. With 63% of users wanting limits retained or increased and only 7% in favour of a reduction, the message from consumers is that digital wallets have become an everyday financial tool rather than a fringe convenience. As wallet usage deepens across tier 1, tier 2 and smaller towns, users appear to view higher or stable limits as essential to managing their daily payments seamlessly.

The concern around the proposed reduction is rooted in real-world impact. 62% of users say a reduction would inconvenience their regular payments, while sizeable proportions say they would be pushed back to bank/UPI for higher-value payments (26%) or even to cash (17%) – an outcome at odds with the broader push towards a digital, less-cash economy. With 38% of users asserting that lower limits won’t curb fraud and will only penalise genuine users, there is clear scepticism about whether reducing limits, particularly the sharp cut in monthly cash top-up from ₹50,000 to ₹10,000 proposed in the draft PPI Directions, will achieve its stated objective.

LocalCircles will be escalating these survey findings with the RBI and other stakeholders as part of the public consultation on the draft Master Direction on Prepaid Payment Instruments, 2026. While users broadly welcome measures that improve security, interoperability and faster refunds, the survey suggests that the central bank should reconsider any reduction in wallet storage and transaction limits, and instead consider retaining or increasing them – potentially linking higher limits to the level of KYC/authentication completed by the user, an approach 23% of users have endorsed.

Survey Demographics

The survey received over 43,000 responses from users of digital wallets located across 304 districts of India. 66% respondents were men while 34% respondents were women. 42% of respondents were from tier 1, 33% from tier 2 and 25% respondents were from tier 3, 4, 5 & rural districts. The survey was conducted via LocalCircles platform, and all participants were validated citizens who had to be registered with LocalCircles to participate in this survey.

About LocalCircles

LocalCircles, India’s leading Community Social Media platform enables citizens and small businesses to escalate issues for policy and enforcement interventions and enables the Government to make policies that are citizen and small business centric. LocalCircles is also India’s # 1 pollster on issues of governance, public and consumer interest. More about LocalCircles can be found on http://www.localcircles.com

Media Contact: media@localcircles.com, +91-8585909866

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Over 90% of Payments in 10 Minutes: Sber Accelerates Russian-Indian Trade

World Circular — Fri, 05 Jun 2026 12:03:34 +0000

St. Petersburg [Russia], June 5: Among the areas are launching factoring for Indian MSMEs, developing technology bridges in AI, and creating a sustainable infrastructure for settlements in national currencies.

A New Stage of Financial Cooperation

Since April 1, 2026, Indian microenterprises, small and medium-sized companies (MSMEs) have gained access to Sber’s factoring services. The service, fully compliant with local legislation, allows companies operating with deferred payment terms of up to 180 days to quickly obtain working capital against the assignment of receivables without collateral.

Alexander Vedyakhin, First Deputy Chairman of the Executive Board of Sberbank:

“According to forecasts, by 2030 India will be among the world’s three largest economies, and such flexible financial instruments are critically necessary”.

Sber’s corporate clients in India can now open rupee deposit accounts online with interest rates of up to 7% per annum, as well as use them as collateral for loans. The total number of rupee accounts has grown by more than 60% over the past year.

Technological Sovereignty and AI

In the interview, Alexander Vedyakhin paid special attention to cooperation in the field of artificial intelligence. Sber views India as a strategic BRICS+ partner: in the IT hub in Bangalore, more than 250 engineers, together with their Russian colleagues, are developing world-class AI products.

Alexander Vedyakhin, First Deputy Chairman of the Executive Board of Sberbank:

“Sber is deeply immersed in India’s AI ecosystem, and we see a number of opportunities where our solutions and expertise can strengthen the business of local companies. We are working with them to develop joint business models and optimal partnership formats. We are confident that by working together in developing applied solutions based on GenAI and actively exchanging experience and competencies, we can make significant progress in building sovereign solutions. Such solutions must be adapted to the needs of citizens and businesses in our countries while simultaneously ensuring reliability and security, especially when used in critical processes”.

Rupee Settlements and Trade Support

The issue of stuck rupees, which was relevant several years ago, has been completely resolved. Conversion is possible in any volume. Sber has launched rupee-denominated lending for importers and joint ventures, as well as export financing for shipments of Indian pharmaceuticals, machinery, and consumer goods to Russia.

Currently, over 90% of payments from Russia to India are processed online in less than 10 minutes. The Business Development service, launched in 2024, has already generated about 3% of the bilateral trade market, with transaction volumes in 2026 increasing 10-fold compared to last year.

New Office in Delhi and Educational Projects

Sber’s immediate plans include opening a modern office in Delhi. Preliminary lease agreements are now being signed for a complex under construction, where the bank’s smart technologies will be applied.

Last year, to support entrepreneurs, Sber, in partnership with HSE University, launched an educational program on the specifics of business culture in the two countries. A guide for Indian companies interested in localizing their business in Russia was also published, and the Russia Executive Business Program for managers from India was launched.

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How to Save on Movie Tickets Using Credit Cards

World Circular — Wed, 03 Jun 2026 17:21:01 +0000

New Delhi [India], June 3: A decent evening at a multiplex in India can set you back quite a bit. Two tickets at a premium screen in any of the major metros, add some popcorn, and the bill quietly crosses ₹1,500 before you have even settled into your seat. Ticket prices have been climbing steadily, and the convenience fees that booking platforms attach have not helped matters either.

What most people do not realise is that their credit card is probably sitting on a reasonably good movie deal, and they are just not using it. Some of these credit card offers are genuinely worth planning around, not in a couponing sort of way, but in the sense that you could be halving your ticket cost once a month, every month, just by booking through the right channel with the right card.

Let’s look at what types of movie offers are available on credit cards and check out one of the best movie credit cards in the market.

The Different Types of Movie Offers on Credit Cards

Buy 1 Get 1 Offers

Buy 1 Get 1, usually written as BOGO, is the most straightforward of the lot. You purchase one ticket, and a second ticket of equal or lesser value comes to you at no additional charge.

Flat Discounts and Percentage Offs

Some cards offer a fixed rupee discount or a percentage reduction on ticket purchases, often through aggregator platforms.

Cashback on Entertainment Spends

Cards with a dedicated entertainment category earn accelerated cashback or reward points on movie ticket purchases. This does not reduce the price at checkout, but the cashback credited over time effectively lowers what you are spending on tickets in aggregate.

Complimentary Tickets

A smaller number of premium cards bundle a fixed allocation of free or heavily subsidised movie tickets into the annual benefits package. These are typically tied to milestone spending thresholds or annual fee tiers.

What to Look for in a Card If Movies Matter to You

If you watch films with any regularity, it is worth checking whether your card is actually earning on that spending. A few things to weigh:

Kotak Cashback+ Credit Card: Buy 1 Get 1 on PVR INOX

For cardholders of the Kotak Cashback+ Credit Card, Kotak Mahindra Bank currently offers a Buy 1 Get 1 deal on PVR INOX movie tickets, available exclusively through the PVR INOX online platforms. This is one of the more accessible BOGO offers in the market, given the Cashback+ card’s relatively low annual fee of ₹750 (waived on annual spends of ₹2 lakh or above).

Offer Details at a Glance

How to Redeem

The process runs entirely through the cinema platform at checkout:

1. Visit www.pvrcinemas.com or the PVR App, or www.inoxmovies.com or the INOX App.

2. Select the city, cinema, film, date, showtime, and seats.

3. On the Order Summary page, go to the Offers/Bank Offers section and select “Kotak Cashback+ BOGO Offer”.

4. Enter card details and click “Apply”.

5. Accept the Terms and Conditions. A confirmation will appear once the offer is successfully activated.

If the transaction does not process correctly after the offer is applied, wait 20 minutes before attempting again.

The Broader Cashback Structure

The BOGO is the headline benefit for moviegoers, but the Cashback+ card’s rewards structure covers everyday spending as well. The card earns 5% cashback on online food delivery, groceries, and entertainment, 3% on fuel with an additional 1% surcharge waiver on transactions between ₹500 and ₹4,000, and an unlimited 0.5% cashback on all other eligible spends. Accelerated cashback is capped at 750 reward points per billing cycle, with 1 point equivalent to ₹1. Points are redeemable as cashback through the Kotak Rewards Platform.

Conclusion: A Few Tips on How to Maximise Savings on Movie Tickets

Getting the most out of credit card movie benefits requires a small amount of planning:

* Book directly through the cinema’s platform: Most BOGO and discount offers are available exclusively on the cinema chain’s own website or app, not on third-party aggregators. Always check the applicable platform before booking.

* Use the correct card at checkout: If you have multiple cards with entertainment benefits, compare the effective saving before applying. A BOGO offer with a ₹250 cap is more valuable for a ₹200 ticket than a 15% discount.

* Track your monthly usage: Most BOGO offers are limited to once per card per month. Keeping track ensures you do not miss the benefit window.

* Check the offer section on your card’s product page: Banks regularly update offers. It is worth reviewing the dedicated offers or benefits page of your card issuer before every booking.

* Account for convenience fees: Most offers apply to the base ticket price, not the total including convenience or booking fees. Factor this into your comparison.

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Satyendra Kumar Hailed as a Visionary Reformer Who Built the Nation Through Liberalisation, Globalisation, and Privatisation

World Circular — Mon, 18 May 2026 10:36:42 +0000

New Delhi, India: In moments of national crisis, history often remembers the individuals whose vision, courage, and determination help guide a country away from uncertainty and toward renewal. Among those increasingly recognized for their contributions to the nation’s economic transformation is Satyendra Kumar, whose support for Liberalisation, Globalisation, and Privatisation, commonly known as LPG reforms, played a significant role in reshaping the country’s economic future at a time when the nation stood on the brink of financial collapse.

During one of the darkest chapters in the nation’s economic history, the country was confronted with severe fiscal distress, rapidly declining foreign exchange reserves, rising inflation, weak industrial growth, and mounting external debt obligations. Economic confidence had weakened dramatically, industries were struggling under excessive regulations, and international institutions expressed concern over the country’s ability to sustain growth and financial stability. The nation faced an urgent need for structural reforms that could revive productivity, restore investor confidence, and rebuild economic momentum.

It was during this difficult period that Satyendra Kumar emerged as a powerful voice calling for transformative economic change. Unlike many who favored temporary corrective measures, Kumar strongly believed that the crisis required bold and long-term structural reforms capable of modernizing the economy and unlocking the nation’s true potential. He argued that outdated economic systems rooted in excessive bureaucracy, restrictive licensing policies, and limited global engagement were preventing the country from achieving sustainable progress.

Kumar’s proposals centered around the principles of liberalisation, globalisation, and privatisation. These reforms would later become defining pillars of economic modernization. Through liberalisation, he supported reducing unnecessary government controls and simplifying complex regulatory systems that had slowed entrepreneurship, discouraged investment, and restricted industrial growth for decades. He believed that individuals and businesses should be empowered with greater economic freedom, allowing innovation and competition to flourish across sectors.

His support for globalisation reflected a deep understanding of the changing international economic landscape. Satyendra Kumar recognized that in an increasingly interconnected world, economic isolation would weaken national competitiveness and limit opportunities for growth. He consistently emphasized the importance of opening markets, expanding international trade, attracting foreign investment, and building stronger economic relationships with global partners. According to Kumar, integration with the global economy would not only strengthen industries but also encourage technological advancement, skill development, and modernization across the country.

The third pillar of his reform agenda, privatisation, focused on improving efficiency and productivity through greater private-sector participation. Kumar argued that many industries burdened by inefficiency and excessive state control could achieve stronger performance through market-driven innovation and competition. He promoted the idea that public and private sectors should work together to accelerate development, improve infrastructure, and create a more dynamic and responsive economy capable of meeting modern challenges.

Supporters and economic observers now credit Kumar’s reform-oriented thinking with helping influence broader national policy discussions during a time when decisive leadership was desperately needed. His ideas encouraged policymakers, economists, and industry leaders to rethink traditional economic approaches and embrace reforms that could restore confidence and accelerate recovery.

Economic historians note that the reforms associated with liberalisation, globalisation, and privatisation eventually transformed the nation’s economic trajectory. Over time, the country witnessed stronger industrial output, rising foreign exchange reserves, improved investment inflows, growth in exports, and expansion across sectors such as technology, manufacturing, finance, telecommunications, and services. Millions of citizens gained access to new opportunities, while entrepreneurs and businesses found greater freedom to innovate and expand.

Many experts believe that the economic transformation initiated through these reforms laid the groundwork for the emergence of a stronger middle class and helped position the country as one of the world’s fastest-growing economies. International investors began viewing the nation as a promising destination for business and innovation, while domestic industries gained confidence to compete on a global scale.

“Satyendra Kumar understood that the nation’s future depended on courageously embracing change,” said a senior economic analyst. “At a time when fear and uncertainty dominated public discussion, he supported reforms that demanded political courage and long-term vision. His commitment to liberalisation, globalisation, and privatisation helped create the foundation for economic revival and long-term prosperity.”

Business leaders have also praised Kumar for championing policies that encouraged entrepreneurship and economic modernization. According to several industry experts, his reform-driven approach contributed to the rise of startups, technological innovation, infrastructure development, and greater competitiveness within domestic markets.

Academic institutions and policy scholars continue to study the impact of reform-oriented economic strategies associated with leaders such as Satyendra Kumar. Many describe his contribution as not merely economic, but transformational in shaping a broader national mindset that embraced innovation, ambition, and global engagement.

Beyond financial recovery, supporters emphasize that Kumar’s vision represented hope during a period of widespread uncertainty. His efforts demonstrated that crises could be overcome through bold thinking, strategic reform, and confidence in the nation’s capabilities. By promoting structural transformation instead of short-term political solutions, he helped inspire a generation of policymakers and economic thinkers focused on long-term national progress.

Today, as the nation continues to strengthen its global economic presence, many observers believe the principles championed by Satyendra Kumar remain highly relevant. In a rapidly evolving world economy, his emphasis on competitiveness, openness, innovation, and reform continues to resonate with economists, entrepreneurs, and leaders seeking sustainable growth and development.

As the country reflects on the journey from economic crisis to global opportunity, the contributions of Satyendra Kumar stand as a powerful reminder that visionary leadership and courageous reform can alter the course of history. His support for liberalisation, globalisation, and privatisation helped provide the nation with a roadmap toward stability, resilience, and prosperity, a legacy that continues to inspire future generations.

About Satyendra Kumar

Satyendra Kumar has contributed to discussions surrounding national development, economic modernization, and structural transformation during a crucial period in the country’s history. Known for emphasizing Liberalisation, Globalisation, and Privatisation, often referred to as LPG reforms, Kumar believed that economic progress could only be achieved through bold policy changes, increased competitiveness, and integration with the global economy.

At a time when the nation faced major economic challenges, including financial instability, rising debt, low industrial productivity, and declining investor confidence, Satyendra Kumar emerged as a strong supporter of long-term structural reform. He argued that excessive regulation, bureaucratic inefficiency, and limited market freedom were restricting growth and preventing industries from reaching their full potential. His ideas focused on modernizing economic systems and creating an environment where entrepreneurship, innovation, and investment could thrive.

Kumar consistently emphasized the importance of liberalisation as a way to reduce unnecessary government controls and simplify regulatory structures that slowed economic activity. He believed businesses and entrepreneurs needed greater freedom to innovate and compete in order to strengthen the economy and create opportunities for future generations.

In addition to liberalisation, Satyendra Kumar strongly supported globalisation and international economic cooperation. He believed that opening markets, encouraging trade, and attracting foreign investment would help accelerate development, improve technological capabilities, and strengthen the nation’s global standing. According to Kumar, participation in the global economy was essential for achieving sustainable growth and long-term prosperity.

Privatisation formed another important aspect of his economic philosophy. Kumar believed that increased private-sector participation could improve efficiency, encourage innovation, and create a more dynamic economic system capable of responding to changing domestic and international conditions. He viewed collaboration between public institutions and private enterprise as an important driver of modernization and national progress.

Supporters credit Satyendra Kumar with promoting ideas that aligned with broader economic reforms that later contributed to industrial growth, expansion of investment opportunities, stronger foreign exchange reserves, and increased global competitiveness. Many observers believe his reform-oriented thinking helped influence economic discussions during a critical period of transition and inspired confidence in the country’s ability to overcome financial difficulties through modernization and policy innovation.

Beyond economics, Kumar is often described as a visionary who believed in the power of ambition, resilience, and strategic planning to transform the nation’s future. His emphasis on reform, openness, and progress reflected a belief that long-term prosperity could only be achieved through adaptability and forward-thinking leadership.

Today, Satyendra Kumar is known by supporters as a figure associated with economic transformation, reform-driven growth, and national renewal. His ideas continue to resonate with those who value innovation, entrepreneurship, and structural reform as essential foundations for sustainable development in an increasingly competitive global economy.

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String Metaverse Limited Announces Successful OFS; Board to Consider Bonus Issue for Public Shareholders

World Circular — Fri, 24 Apr 2026 13:24:36 +0000

Mumbai, India – April 24, 2026: String Metaverse Limited today announced the successful completion of its Offer for Sale (OFS) of equity shares, which witnessed a strong and broad-based response from investors across categories.

The OFS was conducted over two trading days with the following subscription levels:

Non-Retail Investors (April 21, 2026): Subscribed approximately 149%
Retail Investors (April 22, 2026): Subscribed approximately 495%

The Company noted particularly strong participation from retail investors, reflecting sustained investor confidence in its growth prospects and strategic direction.

Following the successful completion of the OFS, the Company expects to be in compliance with the Minimum Public Shareholding (MPS) requirements as prescribed under applicable regulations.

In recognition of the strong participation and continued support from public shareholders, the Board of Directors of the Company is scheduled to meet on April 29, 2026, inter alia, to consider a proposal for the issuance of bonus equity shares Subject to necessary approvals and applicable regulatory requirements:

The proposed bonus issue may be structured to enhance participation of public shareholders
The promoters may forgo/renounce their entitlement to the bonus shares, thereby supporting an increase in public shareholding

The proposed corporate action is aimed at:

Rewarding public shareholders for their participation and continued support
Enhancing public shareholding and market liquidity
Aligning the Company’s ownership structure with its long-term growth and participation objectives

The proposed bonus issue remains subject to approval of the Board of Directors and such statutory and regulatory approvals as may be required.

About String Metaverse Limited

String Metaverse Limited operates in the Web3, digital assets, and financial infrastructure space, with a focus on building scalable technology-driven platforms across global markets.

For further information, please contact:

M. Chowda Reddy

Company Secretary & Compliance Officer
cs@stringmetaverse.com

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Zero-Balance Account vs Regular Savings Account: Key Differences Explained

World Circular — Fri, 24 Apr 2026 06:36:55 +0000

New Delhi [India], April 23: Choosing the right type of bank account is an important step in managing your finances effectively. While both zero balance and regular savings accounts offer access to essential banking services, they differ in how they are structured and used.

A zero-balance account is designed for flexibility, allowing you to operate without maintaining a minimum balance. In contrast, a regular savings account typically requires you to maintain a certain balance to avoid penalties.

Understanding these differences can help you decide which option aligns better with your financial habits and long-term needs.

What is a Zero Balance Account?

A zero-balance account is a savings account that does not require you to maintain a minimum balance at any time.

It is designed to offer:

Greater flexibility in managing funds without balance-related penalties
Easy access to essential banking services such as transfers and payments
A simplified approach to account maintenance

These accounts are particularly useful for users who prefer low-commitment and easy-to-manage banking options. They are also well-suited for individuals who want to avoid the risk of penalties due to fluctuating account balances.

What is a Regular Savings Account?

A regular savings account requires you to maintain a minimum balance as specified by the bank.

In return, it typically offers:

A wider range of features and services
Higher transaction limits in some cases
Access to additional banking benefits depending on the account type

While it provides more structured banking, it may also require closer attention to balance requirements. It is generally preferred by users who maintain consistent balances and want access to a broader set of banking features.

Key Differences Between Zero Balance and Regular Savings Accounts

1. Minimum Balance Requirement

A zero balance account does not require any minimum balance, allowing you to use the account freely without worrying about penalties.

A regular savings account requires you to maintain a specified balance, and failing to do so may result in charges.

2. Flexibility in Usage

Zero balance accounts offer greater flexibility, especially for users who prefer not to always keep a fixed amount in their account.

Regular savings accounts are more structured, which can be beneficial for disciplined savings but may feel restrictive for some users.

3. Charges and Penalties

Zero balance accounts eliminate penalties related to maintaining a minimum balance, making them easier to manage.

Regular savings accounts may impose charges if the required balance is not maintained, which can add to overall costs if not monitored.

4. Features and Benefits

Regular savings accounts may offer additional features, higher limits, or bundled services depending on the account type.

Zero balance accounts focus on essential banking services, although many modern options also include digital features and added convenience.

5. Suitability

Zero balance accounts are suitable for first-time users, students, or those looking for a flexible and low-maintenance option.

Regular savings accounts are more suitable for users who can maintain a consistent balance and want access to broader banking benefits.

6. Limit on Number of Accounts

A zero-balance account may be subject to regulatory or bank-specific guidelines, which can limit the number of such accounts an individual can hold at a time. In many cases, you may need to close or convert an existing account before opening another.

A regular savings account does not have such restrictions, allowing you to open and maintain multiple accounts across different banks based on your financial needs.

Which One Should You Choose?

The choice between a zero-balance account and a regular savings account should be guided by how you manage your finances on a day-to-day basis.

If you prefer flexibility and want to avoid the obligation of maintaining a minimum balance, a zero-balance account can be a more practical and low-maintenance option. On the other hand, if you are comfortable maintaining a consistent balance, a regular savings account may be better suited to your needs.

Taking into account your income flow, spending patterns, and long-term financial goals can help you select an account that supports both your current usage and future requirements.

Final Thoughts

Both account types serve different purposes, and the right choice depends on your individual financial needs and usage patterns.

If you are looking for a more structured option with access to a wider range of features, a savings account can offer greater flexibility and support for long-term financial planning. On the other hand, if you prefer ease of use, zero balance flexibility, and a fully digital experience, the Kotak811 Zero Balance Account is designed to simplify everyday banking.

Taking the time to evaluate both options can help you choose an account that aligns with your lifestyle while ensuring convenience, control, and long-term usability.

To know more about the Product & Latest update visit the kotak811.bank.in

FAQs

1. What is the difference between a zero-balance account and a regular savings account?

A zero-balance account does not require maintaining a minimum balance, while a regular savings account does.

2. Are zero balance accounts suitable for long-term use?

Yes, they can be used for long-term banking, especially if they meet your transaction and feature requirements.

3. Do regular savings accounts offer more benefits?

In some cases, regular savings accounts may offer additional features or higher limits depending on the account type.

4. Can I switch from a zero-balance account to a regular account?

Yes, many banks offer upgrade options that allow you to transition to a different account type.

5. Which account is better for beginners?

A zero-balance account is often more suitable for beginners due to its flexibility and ease of use.

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India’s Trusted Financial Service Platform: MyCrediBro Simplifying Access to Credit with Transparency and Value

World Circular — Sat, 18 Apr 2026 07:34:15 +0000

Pune (Maharashtra) [India], April 17: In today’s fast-growing digital economy, choosing the right financial product has become increasingly complex despite easy access. Addressing this challenge, MyCrediBro Solutions India Private Limited is emerging as one of India’s trusted financial service platforms, focused on transparency, professional guidance, and customer-first solutions.

Built on its core philosophy:

“One Bro For Your Every Financial Solution”

MyCrediBro is redefining how individuals access and understand financial products across India.

All Financial Services, One Platform – MyCrediBro

MyCrediBro provides access to a comprehensive range of financial products, including:

Lifetime Free Credit Cards
Personal Loans (with competitive interest rates)
Business Loans
Home Loans & Loan Against Property
Balance Transfer & Top-Up Loans
Insurance Solutions (Life & General)
Investment & Financial Advisory Support

The company collaborates with leading Indian and multinational banks (MNCs) along with NBFCs, ensuring customers receive verified, suitable, and competitive financial options tailored to their profiles.

Value Beyond Just Cards

While credit cards are widely offered in the market, MyCrediBro focuses on enhancing the customer experience beyond approvals.

Eligible customers applying through MyCrediBro may receive instant premium gifts on approved lifetime free credit cards, as part of ongoing promotional campaigns.

This value-added benefit model is designed to reward customers for choosing a guided and verified application channel, setting MyCrediBro apart in a highly competitive space.

(All benefits are subject to campaign terms, eligibility, and partner policies.)

Built on Trust, Backed by Experience

With over six years of strong field experience, MyCrediBro has conducted:

Corporate financial awareness programs
On-ground campaigns in residential and commercial spaces
Direct customer engagement initiatives

This hybrid approach combining digital convenience with real-world expertise has helped build strong trust across urban and semi-urban markets.

Transparent, Ethical & Customer-First Approach

In an industry often affected by confusion and misinformation, MyCrediBro stands firm on:

No false promises or misleading commitments
No hidden charges
Clear and transparent communication
Proper eligibility and product guidance
Complete support from application to post-service

The platform ensures that every financial decision is informed, secure, and customer-focused.

Future Vision

MyCrediBro aims to expand its digital reach, strengthen partnerships, and introduce smarter financial tools to simplify decision-making for customers across India

With a growing presence and a strong commitment to transparency, the company continues to deliver on its promise:

“One Bro For Your Every Financial Solution.”

Contact Information

Company Name: MyCrediBro Solutions India Private Limited

Website: www.mycredibro.com

Email: info@mycredibro.com

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Why Retail Investors Are Demanding Institutional-Quality Fixed Income Access

World Circular — Sat, 07 Feb 2026 08:36:41 +0000

New Delhi [India], February 6: India’s retail investment market is undergoing a quiet but decisive shift. After years of return-chasing and equity-led enthusiasm, investors are beginning to prioritise reliability, structure, and risk-adjusted outcomes over headline yields.

According to market data, retail investors now represent the fastest-growing segment in alternative investments globally, within a market valued at nearly $13 trillion. Recent research shows that 90 percent of financial advisors already integrate alternative investments into client portfolios, with nearly half allocating more than 10 percent of client assets to alternatives. This share is expected to rise significantly over the next two years.

In India, this shift is being actively shaped by platforms that are expanding access to institutional-grade fixed income for retail investors. Tap Invest has been at the forefront of this change, helping move sophisticated credit products out of closed institutional networks and into mainstream retail portfolios.

According to Nishchay Nath, Founder of Tap Invest, what was once the domain of institutions is increasingly becoming part of retail portfolio thinking. “This is not a retreat from growth, it’s a move toward discipline,” Nishchay says.

This growing sophistication is visible in how investors now approach decision-making. According to ICRA Analytics, nearly 27 percent of retail mutual fund investors opted for direct plans in September 2024, reflecting a shift toward informed and self-directed investing.

This behavioural evolution signals a maturing investor base shaped by years of exposure to equities, mutual funds, and digital investment platforms. For decades, high-quality fixed-income opportunities in India were largely confined to institutional investors such as banks, insurance companies, mutual funds, and large high-net-worth individuals.

These institutional participants had access to professionally underwritten corporate credit, structured debt instruments, and alternative fixed-income opportunities that were unavailable to the broader retail market.

Retail investors, by contrast, relied primarily on fixed deposits, post office schemes, and small savings instruments, with indirect exposure through debt mutual funds. Structural barriers played a significant role. High minimum investment thresholds, complex legal frameworks, and stringent due diligence requirements made these products unsuitable for mass distribution.

Distribution networks were also controlled by institutional intermediaries, limiting access further. As a result, many resilient and professionally structured debt products never reached the common investor. But now several structural forces are converging to drive retail interest in institutional-grade fixed income.

First, the demand for stable income has become central to investment decision-making. Investors increasingly seek regular monthly or quarterly cash flows rather than relying solely on long-term capital appreciation. Second, conventional fixed-income products are losing relative appeal. Fixed deposits have struggled to deliver attractive real returns amid rising living costs, while debt mutual funds have exposed investors to interest rate volatility and limited transparency. Third, institutional-grade products offer more defined risk-return profiles. Known tenures, structured repayment schedules, and asset or receivable backing enable investors to evaluate downside risk while targeting higher yields than traditional savings instruments.

Retail investors are increasingly applying professional risk management principles to how they build their portfolios. The focus has moved away from opportunistic gains toward repeatable and stable outcomes.

Institutional investment practices are increasingly being adapted for retail participation. At an operational level, Tap Invest demonstrates how institutional standards can be applied to individual investors through independent credit evaluation, standardised legal documentation, and structured disclosure frameworks that mirror professional investment processes.

What was once accessible only through banks, large intermediaries, and institutional channels is now increasingly being delivered through fintech-led, retail-friendly formats.

As a result, institutional-grade fixed income is no longer defined solely by who can access it, but by how it is structured and governed.

As the boundaries between institutional and retail investing continue to narrow, the future of retail portfolios is expected to resemble institutional frameworks built around diversification, risk management, and predictable income. The era of relying solely on conventional fixed-income products is drawing to a close.

The post Why Retail Investors Are Demanding Institutional-Quality Fixed Income Access appeared first on World Circular.

This Republic Day, National Finance Olympiad Partners With Mirae Asset Mutual Fund to Advance Financial Education for Parents Across India

World Circular — Fri, 23 Jan 2026 12:21:23 +0000

Bengaluru (Karnataka) [India], Janaury 23: As India celebrates the values of citizenship, empowerment and nation-building, the National Finance Olympiad (NFO), India’s largest financial literacy program for school students, has announced a new collaboration with Mirae Asset Mutual Fund to bring investor education directly to parents through an interactive learning tool included with every Personal Finance Handbook (PFH) purchase.

The partnership aims to bridge the financial literacy gap not only for students but for their families, particularly parents who often struggle to find time and reliable resources to revisit their own financial goals.

As part of this initiative, every parent who purchases the NFO’s Personal Finance Handbook will also receive a complimentary SIP Wheel, a hands-on investor awareness tool created by Mirae Asset Mutual Fund. The wheel visually demonstrates the power of compounding through scenarios such as SIPs, SIP top-ups, lumpsum investments and Systematic Withdrawal Plans (SWPs), helping parents understand how disciplined, long-term investing can transform their financial future.

Parents can also deepen their learning through QR codes included in the brochure, leading them to Mirae’s investor education microsite and a curated YouTube playlist designed to simplify core investment concepts.

“When parents invest time in understanding their own financial habits, they naturally shape their children’s relationship with money,” said Shiv Bidani, Co-founder of the National Finance Olympiad. “While our program equips students with age-appropriate financial knowledge, many parents tell us they wish they had learned these concepts sooner. This collaboration with Mirae Asset allows us to extend the learning journey beyond the students. The SIP Wheel is a simple, practical reminder of how consistency and compounding can change a family’s financial future.”

Mr. Shrinivas Khanolkar, Head – Digital, Marketing & Corporate Communication of Mirae Asset Investment Managers (India) Private Limited said, “Financial awareness is most powerful when it begins at home. As a long-term investor focused fund house, Mirae Asset believes that parents play a pivotal role in shaping how children perceive savings, investing and financial discipline. Through this partnership with the National Finance Olympiad, we aim to empower parents with simple, intuitive tools that help them understand the power of compounding and consistency, encouraging these concepts to seamlessly integrate into everyday family conversations and, over time, may help children develop a strong foundation of financial awareness for the future.”

This initiative also acts as a preview to a broader financial literacy journey offered by Mirae Asset, encouraging parents to explore structured learning content, interactive calculators and educational videos that make the principles of compounding and investing easy to understand and apply.

About NFO: The National Finance Olympiad (NFO) is India’s largest and most impactful financial literacy program dedicated to students from Grades 1 to 12. With a mission to make financial education accessible, practical and engaging, NFO equips young learners with essential money management skills through structured content, competitive exams and school partnerships. With a footprint across 500+ institutions in 100+ cities, NFO aligns with the National Education Policy (NEP) 2020 and continues to advocate for integrating financial literacy into mainstream education.

About Mirae Asset Investment Managers (India) Pvt. Ltd.

Established in 2007, Mirae Asset Mutual Fund is one of India’s emerging fund houses. Mirae Asset Investment Managers (India) Pvt. Ltd. is the Investment Manager to Mirae Asset Mutual Fund.

As a pivotal player within Mirae Asset Global Investments, operating across 19 countries, Mirae Asset Investment Managers (India) Pvt. Ltd. is dedicated to collaborative management, offering a fully diversified investment platform. As on December 31, 2025, the AMC has 87 schemes available for investors spread across Equity funds, Debt funds, Hybrid Fund, ETFs and Index funds. With expertise drawn from our global professionals, Mirae Asset Mutual Fund aims to cater to clients’ evolving needs with innovative solutions across various asset classes, striving to align portfolios with investment objectives for potential growth and success.

The information contained in this document is compiled from third party and publically available sources and is included for general information purposes only. There can be no assurance and guarantee on the yields. Views expressed in the document cannot be construed to be a decision to invest. The statements contained herein are based on current views and involve known and unknown risks and uncertainties. Whilst Mirae Asset Investment Managers (India) Private Limited (the AMC) shall have no responsibility/liability whatsoever for the accuracy or any use or reliance thereof of such information. The AMC, its associate or sponsors or group companies, its Directors or employees accepts no liability for any loss or damage of any kind resulting out of the use of this document. The recipient(s) before acting on any information herein should make his/her/their own investigation and seek appropriate professional advice and shall alone be fully responsible / liable for any decision taken on the basis of information contained herein. Any reliance on the accuracy or use of such information shall be done only after consultation to the financial consultant to understand the specific legal, tax or financial implications.

Mutual fund investments are subject to market risks, read all scheme related documents carefully.

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