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China poised to impose a record fine on PwC
PwC faces a fine of at least 1 billion yuan ($138 million), the...
Ayushman Bharat: Govt spends Rs 89,000 crore for treating 7 crore people, says Health Secy Apurva Chandra
Apurva Chandra,Union health secretary Union health secretary Apurva...
U.S. COVID-19 cases surpass 20 million as deaths mount
A total of 345,000 have died of COVID-19, or one out of every 950 U.S. residents, since the virus first emerged in China late in 2019.
An analysis of Reuters data shows it took 200 days to reach the first 5 million cases, 93 days to go from 5 million cases to 10 million, 31 days from 10 million to 15 million cases and only 25 days to go from 15 million to 20 million cases.
California has the most total cases of any state, with about 2.28 million infections followed by Texas with 1.76 million cases and Florida with 1.32 million cases.
Chinese regulators reviewing Ant Group’s equity investments: Report
Reuters reported in early December that Ant was considering selling its 30% stake in Indian digital payment processor Paytm amid tensions between the two Asian neighbors and a toughening competitive landscape.
Paytm and Ant had at that time said the information was incorrect. Ant referred Reuters to its previous statement while Paytm did not immediately respond to a request for comment on Thursday.
China’s Bottled Water King Dethrones Mukesh Ambani As Asia’s Richest Person
Zhong’s net worth has surged $70.9 billion this year to $77.8 billion, making him the 11th-richest person on the planet, according to the Bloomberg Billionaires Index. It’s one of the fastest accumulations of wealth in history, and all the more remarkable considering that until this year he was little known outside of China.
after an improbable career spanning journalism, mushroom farming and health care, he’s become Asia’s richest person, eclipsing India’s Mukesh Ambani and a group of Chinese tech titans including Jack Ma.
Health ministry releases communication strategy to support Covid-19 vaccine rollout
“The communication strategy that supports the Covid-19 vaccines rollout in India seeks to disseminate timely, accurate and transparent information about the vaccine(s) to alleviate apprehensions about the vaccine, ensure its acceptance and encourage uptake,” it said.
According to the document, the strategy aims at managing and mitigating any potential disappointment expressed by unmet demand for the vaccine or ‘eagerness’ amongst people and addressing vaccine ‘hesitancy’ that could arise because of apprehensions around vaccine safety, efficacy apart from any other myths and misconceptions.
IndiGo’s servers were hacked, internal documents may get uploaded on public websites
”We would like to make this disclosure that some of our servers were subject to a hacking incident earlier this month,” said India’s largest airline in a statement. Indigo was able to restore systems in a very short span of time with minimal impact, it said.
Our mantra for 2021 is ‘dawai bhi aur kadaai bhi’: PM Modi
“We started working holistically in the health sector. While we stressed on preventive care, on one hand, we also gave priority to modern treatment facilities,” he added. In the last six years, 31,000 new seats have been added in MBBS and 24,000 new seats have been added in post-graduate courses. India is moving towards wholesome changes in the health sector, the Prime Minister stated.
Govt selects Milliman Advisors to ascertain LIC’s embedded value ahead of IPO
LIC needs to develop an Indian Embedded Value (IEV) reporting framework for necessary disclosures for the proposed IPO.
”Government has selected Milliman Advisors LLP India as the Reporting Actuary for the Embedded Value of LIC. Work to start soon,” Department of Investment and Public Asset Management (DIPAM) Secretary Tuhin Kanta Pandey said.
It has already appointed Deloitte and SBI Caps as pre-IPO transaction advisors.
Sensex, Nifty weather tough 2020 with solid gains
The Nifty IT index rallied 55% in 2020, logging its best year since 2013, while the Nifty Phrama index logged a 60.6% rise.
Financials were among the worst performers this year, with the Nifty PSU bank index sliding more than 30%.On Thursday, the IT index closed down 0.32% and the Pharma index settled 0.72% higher.
US court shuts down fraud scheme targeting elderly Americans via India-based call centers
The pop-up messages fraudulently claimed that the consumer’s computer was infected by a virus, purported to run a scan of the consumer’s computer, falsely confirmed the presence of a virus and malware, and then provided a toll-free number to call for assistance.
The Justice Department said that when victims called the toll-free number, they were connected to India-based call centers participating in the fraud scheme.
Call center workers asked victims to give them remote access to their computers and told victims that they detected viruses or other malware on their computers.
Eventually, the call center workers would falsely diagnose non-existent problems and ask victims to pay hundreds of dollars for unnecessary services and software.
Brexit ends Britons’ right to live and work in EU
Under the divorce deal agreed by the two sides on Dec. 24, the roughly 1 million British citizens who are legal residents in the EU will have broadly the same rights as they have now. The same applies to more than 3 million EU citizens living in the U.K.
But British citizens will no longer have the automatic right to live and work in the EU, and vice versa. People who want to cross the border to settle will have to follow immigration rules and face other red tape such as ensuring their qualifications are recognized.