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EV sales almost double to 90,000 in fy 23-24
Tata Motors led the segment with registrations of 64,217 units, up...
AI will be smarter than smartest human next year, says Elon Musk
Elon Musk,CEO,Tesla "If you define AGI (artificial general...
Microsoft most imitated brand by hackers in Q3 2020: Report
In a brand phishing attack, criminals try to imitate the official website of a well-known brand by using a similar domain name or URL and web-page design to the genuine site.
The link to the fake website can be sent to targeted individuals by email or text message, a user can be redirected during web browsing, or it may be triggered from a fraudulent mobile application.
Amazon wins arbitration order against Future’s deal with Reliance
But Amazon’s investment came with contractual rights that include a right of first refusal and a non-compete-like pact, media had reported, and Amazon later started arbitration proceedings in Singapore.
“It’s a comprehensive victory for Amazon,” a source with direct knowledge of the decision said. “They’ve won an injunction to stop the deal.”
Future Retail on Monday hinted that it may challenge the arbitration award from the Singapore-based arbitration center before Indian legal forums, to ensure that its Rs 24,713 crore deal proceeds unhindered and without any delay.
Coronavirus isn’t going away soon, world must reset hopes for economy
While drug companies are making progress in the quest to find a cure for a disease that triggered the worst recession since the Great Depression, questions remain about how effective the first wave of vaccines would be, how easy they will be to distribute to more than 7 billion people and then how many will agree to take them.
India economy on verge of slow recovery as worst is over, says PHDCCI
Demand creation will have a significant effect on the enhanced production sentiments of producers,increased investments and employment creation. Investments in the infrastructure will refuel the growth trajectory with increased demand for commodities such as steel, cement and power which in turn will rejuvenate private investments and create new employment opportunities in the country,said PHDCCI President Sanjay Aggarwal
53,370 new cases take India’s COVID-19 tally to 78,14,682
The COVID-19 case fatality rate has further declined to 1.51 per cent.
According to ICMR, a cumulative total of 10,13,82,564 samples have been tested up to October 23, with 12,69,479 samples tested on Friday.
Insurance costs too steep? Try writing your own
“For many, insurance has become or is becoming more expensive, so people are turning to captives,” said Rodney Bonnard, insurance leader for EY UK Financial Services.
“We are seeing a massive uptick.Seventy-six new captives were formed this year globally, a 200% year-on-year growth, according to insurance broker Marsh. That level of growth is “unprecedented”, Michael Serricchio of Marsh Captive Solutions told a recent webinar.
Swiss Re raises $ 775 mn Cat bond for California Earthquake Authority, to protect Californians against earthquakes
“Swiss Re’s mission as a company is to make the world more resilient. We’re delighted to partner with CEA which has been helping to protect Californians from the financial consequences of earthquakes for almost 25 years,“ said Jonathan Isherwood, Swiss Re’s CEO Reinsurance Americas and Regional President.
“Only around 13% of Californians who purchase residential insurance also have earthquake protection. It’s not a matter of if, but when, the next one strikes. This transaction supports CEA’s ability to extend financial protection to a greater number of California residents who are highly exposed to earthquakes.“
India’s data protection law has potential to propel digital economy: Facebook
The parliamentary panel on Friday quizzed social media giant Facebook about the quantum of their revenue, profit and tax payouts in India and asked what portion of their earnings were being used for data security in the country, sources said.
U.S. breaks daily record for coronavirus cases with over 84,000 new infections
Health experts have not pinpointed the reason for the rise but have long warned that colder temperatures driving people inside, fatigue with COVID-19 precautions and students returning to schools and colleges, could promote the spread of the virus.
The United States has the most cases in the world at 8.5 million and the most fatalities with 224,000 lives lost. The United States has reported over the past week an average of 60,000 new cases per day, the highest seven-day average since early August.
Finance Ministry issues guidelines for implementation of interest waiver on loan
As per the scheme, the lending institutions shall credit the difference between compound interest and simple interest with regard to the eligible borrowers in respective accounts for the said period irrespective of whether the borrower fully or partially availed the moratorium on repayment of loan announced by the RBI on March 27, 2020.