Category:

Eco/Invest/Demography

AI & IoT have created an urgent need and legislative rigour for comprehensive framework on data protection: Meenakshi Lekhi

Speaking on the data privacy , chairperson of Parliamentary Committee on Data Protection Bill and BJP MP Meenakshi Lekhi , said there are many who are unaware of the kinds of warring systems that exist in the digital ecosystem today. ”When you look around the systems, you see that we are dealing with an unfair system. Unfair not just in India but globally, there is lot of intellectual property theft which is going on right now stealthily, which people may not even know about,” she said.

read more

FPIs invest Rs 14,886 cr in first half of January

The strong flows are on account of the positive bias towards emerging markets and because of strong third-quarter earnings thus far besides decreasing domestic COVID-19 cases, said Rusmik Oza, executive vice president, head of fundamental research at Kotak Securities.

The forthcoming US stimulus could be another trigger for positive FPI bias towards emerging markets and India, he added.
”Going ahead, the market could be volatile given the ongoing earning season and the weak global cues. Run-up to the Budget would also add to the volatility,” said Siddhartha Khemka, Head – Retail Research, Motilal Oswal Financial Services Ltd.

read more

Pfizer vaccine worries Norway as 29 elderly people die after taking shot

Official reports of allergic reactions have been rare as governments rush to roll out vaccines to try to contain the global pandemic. U.S. authorities reported 21 cases of severe allergic reactions from Dec. 14-23 after administration of about 1.9 million initial doses of the Pfizer vaccine. The first Europe-wide safety report on the Pfizer-BioNTech vaccine is due to be published at the end of January.

read more

EPFO settles 56.79 lakh COVID-19 advance claims, releases over Rs 14,000 cr till Dec

According to the source, the EPFO has settled 197.91 lakh claims related to final settlement, death, insurance, advance claims and disbursed Rs 73,288 crore till December 31, 2020.

The amount of disbursals under COVID-19 claims to subscribers is a sizable amount of over one fifth of the total disbursement during the period by the EPFO.

read more

Metropolis Healthcare to acquire Hitech Diagnostic Centre in a cash, stock deal

By the acquisition, Metropolis will get an access to 31 laboratories, including three NABL- and ICMR-accredited laboratories and 68 collection centres of Hitech. The acquisition is expected to be completed within three months, it added.

Metropolis Healthcare Managing Director Ameera Shah said, “In line with the strategy to grow, gain market share and increase B2C (business-to-consumer) revenues in focus cities, we are acquiring Hitech Diagnostic Centre which will strengthen our leadership position in the South India market.”

read more