The plaintiffs had argued in their 2015 lawsuit that the government...
Category:
Eco/Invest/Demography
Latest
Global microinsurance premiums touch $5.8 billion in 2023, cover only 15% of market: Report
The 2023 Study, drawing on from 294 insurers covering 1,040...
Fight climate change with fiscal discipline
The transition to clean energy requires enormous public investment...
Insurance regulatory IRDAI gives in-principle approval for Bharti AXA-ICICI Lombard merger deal
“Further, policyholders should benefit from an enhanced product suite and deeper customer connect touch points,” the company said, adding the employees of the combined business will also benefit via greater opportunities across functions and geographies.
Max Life hires 2,000 executives via digital medium during COVID-19
In the first half of the year, Max Life has hired more than 2000 employees across diverse verticals such as agency, bancassurance, and internal operations.
This includes 170 candidates, some from reputed B-school campuses such as NMIMS-Mumbai; IIM-Calcutta, and IMT-Ghaziabad and MDI-Gurgaon who were offered roles at Max Life pre-COVID; along with over 40 leadership positions across various strategic business verticals
SMBs that quickly disclose hacking face 40% less financial loss
“Proactive disclosure can help turn things around in a company’s favour – and it goes beyond just the financial impact. If customers know what happened firsthand, they are likely to maintain their trust in the brand,” said Yana Shevchenko, Senior Product Marketing Manager at the cyber security firm Kaspersky
Surge in cyber attacks on Indian vaccine makers in Oct-Nov: Report
In October, a total of 54,34,825 and in November (till now), a total 16,43,169 number of cyber-attack events have been identified on the network.
According to the report, exposed systems that are unmonitored and facing the Internet are the most attacked system for the attackers.
Tesla could widen release of ‘self-driving’ software in two weeks
In October, Tesla released a beta, or test version, of what it calls a “Full Self Driving” software upgrade to an undisclosed number of “expert, careful” drivers.
Fiscal deficit at 120 pc of annual target at October-end
The deficit widened mainly on account of poor revenue realisation. The lockdown imposed to curb spreading of coronavirus infections had significantly impacted business activities and in turn contributed to sluggish revenue realisation.
The fiscal deficit at the end of September 2020 was about 114.8 per cent of the annual budget estimate.
Lakshmi Vilas Bank becomes DBS India; 94-year old bank part of history now
LVB has 566 branches and 973 ATMs spread across 19 states and Union Territories.
It is the second private sector bank after Yes Bank that has run into rough weather this year.
In March, capital-starved Yes Bank was placed under a moratorium. The government rescued Yes Bank by asking State Bank of India (SBI) to infuse Rs 7,250 crore and take 45 per cent stake in the lender.
New Delhi ambulance group grapples with surging COVID-19 quarantine deaths
Currently more than 23,000 people are recovering at home in Delhi, which has been recording a total of around 100 deaths a day this month and more than 5,000 infections.
“Corona has gone out of control in Delhi,” said Shunty, who founded the non-governmental organisation more than 25 years ago. It runs 16 ambulances, almost all of them working overtime these days.
“Too many deaths are happening, especially among the old and people with other complications.”
Five COVID-19 patients killed in Gujarat hospital fire
The early morning blaze in Rajkot city in Gujarat gutted the intensive care unit (ICU) of the private hospital, television footage showed. The most likely cause was an electrical short circuit, said government official Udit Agarwal.
The latest fire angered India’s top court, which asked both the federal and state governments to submit a detailed reply on recurring fires in COVID-19 hospitals.
Pharma firm in India to make Russia’s Sputnik V COVID-19 vaccine
Kirill Dmitriev, RDIF head, said earlier this week that Moscow and its foreign partners had the capacity to make more than a billion doses of Sputnik V starting from next year — enough to vaccinate over 500 million people — and that it would cost under $20 per person on international markets.