The Reserve Bank of India (RBI) on Friday extended the card-on-file (CoF) tokenisation deadline by three months to September 30, 2022, in view of various representations received from industry bodies. Card-on-file, or CoF, refers to card information stored by payment gateway and merchants to process future transactions. Tokenisation is Read More
JP Morgan CEO Jamie Dimon speaks at the Boston College Chief Executives Club luncheon in Boston, Massachusetts, U.S., November 23, 2021.Brian Snyder | ReutersJPMorgan Chase, one of the largest employers in the U.S. financial industry, told workers that it will pay for travel to states that allow legal abortions, Read More
A shopper inside a women's clothing store in the East Village neighborhood of Des Moines, Iowa, on Saturday, Feb. 5, 2022.Kathryn Gamble | Bloomberg | Getty ImagesA widely followed consumer sentiment survey released Friday showed inflation expectations have eased slightly.The University of Michigan's Surveys of Consumers said consumers expect Read More
State-owned 's board on Friday approved a Rs 9,000 crore capital raising plan through a combination of additional tier-1 and tier-2 bonds while the lender has no equity expansion plan this fiscal.
The bank would look to raise Rs 5500 crore through Basel III compliant additional tier 1 bonds, while Read More
The Reserve Bank of India (RBI) on Friday announced the extension of the deadline for tokenisation of debit and credit cards by another three months to September 30, 2022. The RBI had earlier set a deadline of June 30, whereby merchants and payment aggregators had to delete all card Read More
How a 60/40 portfolio strategy worksThe strategy allocates 60% to stocks and 40% to bonds — a traditional portfolio that carries a moderate level of risk.More generally, "60/40" is a shorthand for the broader theme of investment diversification. The thinking is: When stocks (the growth engine of a portfolio) Read More
Check out the companies making headlines before the bell:CarMax (KMX) – The automobile retailer beat estimates by 7 cents with quarterly earnings of $1.56 per share, and revenue that also beat analyst forecasts amid what the company called a "challenging" used vehicle market. CarMax added 1.1% in the premarket.FedEx Read More
Mint Images | Mint Images Rf | Getty ImagesWomen prefer investing in a way that helps the environment and does social good, some studies have found. Such values-based investing could help raise women's general enthusiasm for investing and boost long-term wealth, according to financial experts. About 52% of women Read More
So-called blockchain bridges have become a prime target for hackers seeking to exploit vulnerabilities in the world of decentralized finance.Jakub Porzycki | NurPhoto | Getty ImagesHackers have stolen $100 million in cryptocurrency from Horizon, a so-called blockchain bridge, in the latest major heist in the world of decentralized finance.Details Read More
New Delhi: Gold prices declined by Rs 70 to Rs 50,557 per 10 grams in the national capital on Friday, according to HDFC securities. In the previous trade, the precious metal settled at Rs 50,627 per 10 grams.
Silver prices also declined by Rs 621 to Rs 59,077 per Read More