spider costume & Co. (NYSE:TIF) today announced plans to open a store this autumn at The Royal Exchange, located in the financial district opposite the Bank of England, in the City of London. The store will occupy approximately 130 square meters (1,400 square feet) and will be the third zentai & Co. location in London. zentai & Co. currently has a London flagship store on Old Bond Street that opened in 1986, as well as a boutique in Harrods...more
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Rising interest rates have given some relief to retired people. Over the last few years, rates have been declining causing difficulties for senior citizens to survive on interest income.The scenario seems to be changing since interest rates on bank fixed deposits (FD) are at a three-year high. A 9 per cent FD a year works out to 9.31 per cent after quarterly payments, in cumulative deposits.This is one of the highest rates available at present, compared with other fixed interest products. It is time to re-look your existing fixed income portfolio. First, let us look at different fixed interest products available, the key concerns after retirement being safety of your principal and regular, fixed returns.Senior citizen savings schemes - An individual who is 60 years or more is eligible for this scheme. There are a few exceptions for other retired people over the age of 55.In this scheme, one deposit multiple of Rs 1,000 not exceeding Rs 15 lakh (Rs 1.5 million) can be made. No withdrawal is permitted for five years (the tenure). The depositor may extend the account for a further three-year period. Deposits made under these rules shall bear an interest of 9 per cent a year from the...more
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