BUSINESS
Financial sector courts multiple risks as it turns to AI for innovation, efficiency
Established in 2010 under the Dodd-Frank Wall Street Reform and Consumer Protection Act, the Financial Stability Oversight Council provides comprehensive monitoring of the stability of US financial system.
Nifty Midcap100 Records 44% Surge, Nifty Smallcap100 Soars 54% in Impressive Market Performance
The positive developments led to upgrades in India's rating and GDP growth forecasts by various global firms, resulting in BSE-listed companies' market cap crossing the all-time high of $4 trillion. The NSE also surpassed the Hong Kong stock exchange to become the world's seventh-largest exchange by market cap.
Broader market rally cannot continue for long, warn analysts
Retail exuberance and sustained flows into the mid and small-cap mutual funds are driving this rally, which has slipped into a frothy zone. This broader market rally cannot continue for long, he said.
Government Extends LIC Exemption from 25% Public Shareholding Rule Until 2032
This rule stipulates that an entity with a market capitalization exceeding Rs 1 lakh crore must ensure a minimum 25 per cent public shareholding within five years of being listed.
Government Secures Rs 22,627 Crore Japanese Loan for Bullet Train Project Financing
Described as a historic milestone by JICA, this loan stands as the most extensive commitment through a single project loan agreement across the globe, as articulated in the agency's statement released on Thursday.
Zomato Reportedly Eyes $2 Billion Acquisition of Shiprocket Logistics Platform
Citing sources familiar with the matter, Bloomberg revealed that Zomato has proposed the acquisition, though a final decision on the deal is yet to be made.
Markets likely to move in a range
Nifty recovered smartly from lower levels on Thursday following rebound in global markets and closed with gains of 105 points (up 0.5 per cent) at 21,255 levels, while the Sensex gained 358.79 points (0.51 per cent) to close at 70,865.
Rise in oil prices can hinder market rally of last 2 months
After a subdued start, the market reversed from the day’s low amid buy-on-dips strategy.
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.
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