BUSINESS
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.
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.
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