When an Indian resident becomes an NRI, they can continue contributing to their existing PPF account until its 15-year maturity, though extensions are prohibited. However, acquiring foreign citizenship forces immediate account closure. The account stops earning the standard PPF interest rate and instead earns the Post Office Savings Account interest rate from that date until it is formally closed.

The 28-36 rule is a standard guideline used by lenders to determine how much home loan or mortgage a borrower can afford. It suggests spending a maximum of 28% of monthly income on housing costs and no more than 36% on total debt payments. The rule also helps borrowers avoid taking on excessive debt and maintain a manageable monthly budget.

A ₹1 crore retirement corpus can last 30 years with an 8% annual return and disciplined withdrawals, Moneycontrol reported. Starting with ₹3.5 lakh in the first year, withdrawals rise 5% annually to account for inflation. Under these assumptions, the corpus grows to around ₹3.37 crore after 30 years, despite annual withdrawals, highlighting the power of compounding.

Apple is planning to hike the price of the iPhone 17 from August 10, Weibo leaker Fixed Focus Digital reported. It's unclear whether the prices are expected to rise across the iPhone 17 lineup, which includes the 17e, 17 Pro, 17 Pro Max and the iPhone Air. The leaker also claimed that Apple had deferred plans to raise production capacity.

The price of gold jumped by over ₹7,000 in just five sessions of August, taking it to ₹1,49,621 per 10 grams, as per IBJA data. Meanwhile, the price of silver with 99.9% purity rose by a staggering ₹14,000 to hit ₹2,31,381 per kg. Gold has risen by just ₹4,000 in the past month, while silver prices have dipped by ₹1,777.

Senior Lashkar-e-Taiba commander Qari Saeed died under mysterious circumstances in a mosque in Pakistan's Islamabad. Qari reportedly ate at an undisclosed location before arriving at the mosque, where he suddenly collapsed and died. Notably, Qari's role included providing pensions to the families of terrorists killed in India and recruiting terrorists. He was one of Hafiz Saeed’s close commanders.

Several brokerage firms recommended eight stocks that investors may buy for long-term investment. Motilal Oswal recommended buying shares of Transport Corporation of India (with a target price of ₹1,150), GAIL (₹206), Raymond Lifestyle (₹880), Persistent Systems (₹6,400), Glenmark Pharma (₹2,570) and Cello World (₹480/share). ICICI Securities recommended buying Blue Jet Healthcare (₹680).

WishCare Hair Growth Serum Concentrate has set a new benchmark in efficacy & science-forward haircare solutions, it stated. Clinically tested & dermatologist-recommended, WishCare's In-Vivo study revealed that the serum delivered encouraging results: 93% users noticed visible hair growth, 100% saw reduced hair fall & 90% reported healthier hair after consistent use, with no reported side effects.

Iran has shared seven conditions to reopen Strait of Hormuz. Iran said it must never be threatened again; aggression against Iran and its allies must end permanently; the US naval blockade must be lifted; US naval and air forces must withdraw from around Iran; war damages must be compensated; sanctions must be lifted and Iran's frozen assets must be released.

Jose Mourinho, returning to Real Madrid as head coach after 13 years, previously won La Liga, the Supercopa de Espana and Copa Del Rey with the club. He has also claimed three Premier League titles with Chelsea, UEFA Champions League trophies with Porto and Inter Milan, and the UEFA Europa League with Manchester United during the 2016–17 season.