RBI Extends Deadline for Card Tokenisation Norms Till September 30

The Reserve Bank of India (RBI) on Friday extended the card-on-file (CoF) tokenisation deadline by three months to September 30, 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 the process of replacing actual card details […]

NASA Extends Insight Mars Lander’s Operation for a Few Weeks

NASA’s InSight (Interior Exploration using Seismic Investigations, Geodesy and Heat Transport) Mars Lander will continue to keep its seismometer functional despite the fact that it will lead the mission to run out of power sooner than previously planned by the space agency. The power available to the lander is diminishing with the passing of each […]

DoT Launches Design-Led Scheme, Extends PLI Duration for 5G Spectrum

The Department of Telecom has launched an incentive scheme for design-led manufacturers and extended the duration of the Rs. 12,195 crore production-linked incentive (PLI) scheme by a year, an official statement said on Monday. The incentive for design-led manufacturing is part of the PLI scheme which was notified on February 24, 2021. The DoT has […]

Rupee Extends Losses, A Day After A New All-Time Low Close As Risk Sentiment Remains Fragile

Rupee declines 12 paise to 77.74 against US dollar in early trade. The rupee extended its losses into early Thursday after closing at a new all-time low, even as the dollar took a breather after heavy gains and as global stocks tumbled on increasing concerns that aggressive tightening by global central banks could choke growth. […]

Amazon Extends Prime Subscription Benefits to Merchant Stores

Amazon is extending the benefits of a Prime subscription to online stores beyond its own site, a move geared toward boosting revenue from merchant fees and expanding its logistics footprint. The company said Thursday the new service it calls “Buy with Prime,” will initially be available by invitation for merchants who ship their products using […]

Sensex Extends Fall, Dives 704 Points, Nifty Barely Holds 16,950

Sensex and Nifty extended their fall for the fifth straight session today. New Delhi: Indian equity benchmarks on Tuesday extended their fall for the fifth straight session, dragged by heavy selling pressure in information technology (IT), financial and consumer goods stocks. The domestic indices fluctuated between gains and losses throughout the day before plunging sharply […]

Rupee Extends Losses On A Stronger Dollar And Widening Trade Deficit

Widening trade deficit hurts the rupee The rupee extended its losses on Wednesday as the dollar strengthened after Federal Reserve Governor Lael Brainard said the central bank needs to act and take inflation head-on. In addition, domestic equities weakness, a rise in crude oil prices and a widening trade deficit also weighed on the rupee. […]

RBI Extends Rationalised Home Loan Norms To Facilitate Higher Credit Flow

RBI had rationalised the risk weights by linking them only with LTV ratios for housing loans. Mumbai: Seeking to facilitate a higher credit flow of individual housing loans, the RBI on Friday extended the rationalised home loan norms by another year till March 31, 2023. In October 2020, the Reserve Bank as a countercyclical measure […]

Sensex Extends Losses To Second Day, Tanks 566 Points, Nifty Barely Holds 17,800

Sensex and Nifty extended their fall to the second straight session today. New Delhi: The Indian equity benchmarks fell for the second straight session on Wednesday, dragged by financial and information technology (IT) stocks. Investors turned cautious amid a surge in oil prices and prospects of aggressive rate hikes by the U.S. Federal Reserve.  The […]

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