BUSINESS
RBI Directs Banks to Implement Card-on-File Token Facility for Enhanced Customer Security
Traditionally, the creation of CoF tokens was limited to merchant applications or webpages. With the recent circular issued by the RBI on Wednesday, the facility for CoF token creation is extended to the issuer bank level.
Worldcoin, Founded by Altman, Discontinues Orb-Verification in India, Brazil, France
The foundation explained that it is committed to collaborating with global partners to ensure compliance with regulatory standards, providing a secure, transparent, and safe experience for verified users.
Growing Concerns Over Escalating Global Debt in Post-COVID Era, report
The report by CareEdge Ratings delves into the consequences of this surge in global debt, particularly examining the post-2008 Global Financial Crisis debt cycles. The findings reveal that the rapid increase in debt levels following the COVID-19 pandemic has led to a steady rise in the quantum of debt distress, elevating the risk of defaults, particularly in low-income countries.
Merger Talks: Warner Bros. Discovery Explores Potential Union with Paramount Global
With a market value of approximately $29 billion as of Wednesday, Warner Bros. Discovery (WBD) significantly surpasses Paramount's market value, which stands just over $10 billion.
Lava Unveils Latest 5G Smartphone Featuring a 6.78-Inch Display and 8GB RAM
The Storm 5G will hit the shelves in two enticing color variants — Gale Green and Thunder Black, offering a special introductory price of Rs 11,999 along with exclusive bank offers. Scheduled for release on December 28, it will be available for purchase on Amazon and the official Lava e-store.
realme C67 5G Sets New Record with Highest Offline Sales in C Series
The latest addition to realme's Championship series is the realme C67 5G, standing out as the most feature-packed device in the lineup and the first C Series phone to offer 5G compatibility.
Mid & small-caps remain vulnerable to correction since valuations are excessive
Two trends are important: one, the correction in mid and small-caps is almost double the correction in large-caps; two, DIIs turned big buyers towards the end of the trading day, he said.
Report Reveals 761 Cyber Threat Detections per Minute in India for 2023
Behavior-based detections accounted for 49 million instances, constituting 12.5 percent of the total detections.
Nifty Records Largest Single-Day Decline in a Year on Wednesday
This session marked the most substantial one-day fall for Nifty in the past year, signifying a potential short-term correction.
Nifty Opens Positively but Ends Lower at Close
Subash Gangadharan, Senior Technical and Derivative Analyst at HDFC Securities, noted that broader market indices like the BSE Mid Cap and Small Cap indices experienced greater declines, showcasing an underperformance compared to the Sensex/Nifty.
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