MUMBAI: RBI‘s move to get merchants to store tokens instead of card data since 2022 has cut down frauds and improved transaction success rates. Now, allowing alternatives to one-time passwords (OTP) for authentication is expected to make the system more efficient. Speaking to TOI, Visa’s head of products and innovation for South Asia, Ramakrishna Gopalan,…
NEW DELHI: Asian Infrastructure Investment Bank chief economist Erik Berglof says that US tariffs have created more uncertainty than the Covid pandemic or the global financial crisis and argues that global supply chains are here to stay. Excerpts from an interview with TOI:What do you make of current global situation in the wake of the…
Shares of streaming platform Netflix have tumbled almost 5% over the past 5 trading sessions ever since Tesla CEO Elon Musk has started urging his followers to boycott the company and cancel their subscriptions.Netflix shares fell on Friday, marking their biggest weekly decline since April, even as the broader market rallied. Though major indices rose…
French automaker Renault is planning to reduce about 3,000 jobs through a voluntary redundancy programme for staff in support function; Reuters reported on Saturday citing French newsletter L’Informe. The cost-cutting initiative, named “Arrow,” targets human resources, finance, marketing, and other support services, aiming to lower staff numbers by roughly 15% at its headquarters in Boulogne-Billancourt…
Indian equity markets this week will be guided by macroeconomic data, global developments, and quarterly results from IT giant TCS, analysts said. Investors will also keep an eye on foreign fund flows, which have continued to show caution.In September, foreign portfolio investors (FPIs) were net sellers, withdrawing Rs 23,885 crore from Indian equities. This pushed…
Costco members will pay $499 a month out of pocket, the same price offered at CVS and Walmart, and on the manufacturer’s direct-to-consumer website. Source link
Saudi Arabia, Russia and six other members of Opec+ on Sunday decided to raise their oil production quotas by 137,000 barrels per day (bpd) for November, continuing efforts to reclaim market share amid cautious demand projections, AFP reported.“In view of a steady global economic outlook and current healthy market fundamentals, as reflected in the low…
As Commerce and Industry minister Piyush Goyal is set to begin his two-day visit to Doha from October 6, India and Qatar are expected to finalise the terms of reference (ToR) for a proposed free trade agreement (FTA) this week. According to the trade policy think-tank GTRI report, India–Qatar trade stood at $14.15 billion in…
“The Official Release Party of a Showgirl” drastically outperformed “The Smashing Machine,” a vehicle for Dwayne Johnson, known to fans as the Rock. Source link
India and Qatar are expected to finalise the terms of reference (ToR) this week to initiate talks for a free trade agreement (FTA), the commerce ministry said on Sunday. The move comes ahead of Commerce and Industry Minister Piyush Goyal’s two-day visit to Doha, beginning October 6.Goyal will attend the Qatar-India Joint Commission on Trade…
