The Ministry of Finance on Wednesday extended the deadline for the implementation of a new rule that mandated 20 per cent tax collected at source on foreign remittances. The increase in the TCS rate from 5 per cent, which was set to kick in on July 1, would now be effective from October 1. More importantly, the ministry added that overseas spending using credit and debit cards as well as remittances under the liberalised remittance scheme, up to Rs 7 lakh would not attract TCS. But, how will this new TCS regime affect you?  The long-speculated merger of India’s largest lender HDFC Bank and mortgage entity HDFC Ltd is finalised. HDFC Chairman Deepak Parekh had said that the boards of HDFC twins are going ahead with the merger effectively on July 1. In Today’s Special, we discuss the implications that the merger is going to have on the two entities and how it will affect the banking sector.  Both the HDFC boards will meet on June 30, which would also be the last board meeting of mortgage entity HDFC Ltd, and its shares will go off-market effective July 13. Meanwhile, market action in the first half of the calendar year 2023 was triggered by moderation in domestic inflation, steady interest rates, return of foreign investors and some support from domestic institutions. Against this backdrop, benchmark indices notched fresh lifetime highs during these first six months of 2023. So, which sectors emerged as the top leaders and top laggards in H1CY23? And will the momentum continue in H2CY23 as well?  Below the boundless blue expanses lies the centuries-old wreckage of RMS Titanic surrounded by mesmerising oceanic flora and fauna – this is what the tourists travelling in OceanGate’s Titan submersible must have been looking forward to. While the expedition met with a catastrophic end, it has brought to light how wreck-diving is developing as a popular segment of the global underwater tourism market. Listen to this episode of the podcast and take a deep dive to understand what is wreck-diving.