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Deepfakes in a democratic country like India a big concern: PM Modi
Narendra Modi,Prime Minister "Someone can even misuse my voice to...
Foreign firms’ losses from exiting Russia top $107 billion
Moscow demands discounts of at least 50% on foreign asset sales and...
M&M offers free coronavirus insurance plan for Bolero pick-up range
The Free Corona Insurance is a floater health insurance cover for up to Rs 1 lakh that will cover the customer, his/her spouse and up to two of the customer’s children and will remain valid for a period of 9.5 months from the date of purchase of the new vehicle, Mahindra and Mahindra (M&M) said.
Microsoft to let employees work from home permanently: Report
“The Covid-19 pandemic has challenged all of us to think, live and work in new ways,” Microsoft’s Chief People Officer Kathleen Hogan said in a note to employees obtained by the tech news outlet.
“We will offer as much flexibility as possible to support individual workstyles, while balancing business needs and ensuring we live our culture.”
Google chalks out a plan to turn YouTube into the next shopping destination
For months now, Google executives have signaled that YouTube will be central to their e-commerce strategy. On a recent earnings call, Chief Executive Officer Sundar Pichai suggested YouTube’s sea of popular product “unboxing” videos could be turned into a shopping opportunity. The video site is full of other popular categories, such as makeup and cooking tutorials, where creators tout commercial products on air.
Amazon and Walmart Inc. have tinkered with shoppable videos for several years. Thus far, neither retailer has shown much progress. In China, though, this business model has taken off. On Douyin, the Chinese version of TikTok, influencers use live streamed videos to hawk wares from lipstick to smartphones in real-time to hundreds of millions of users.
ICICI Prudential Life Insurance to raise up to Rs 1,200 crore via NCDs
“The Board of Directors has at their meeting held on October 7, 2020 approved raising capital by issuance of subordinated debt instruments in the nature of rated, listed, redeemable, unsecured, fully paid-up, non-cumulative, non-convertible debentures (NCDs) up to Rs 12 billion,” ICICI Prudential Life Insurance Company said in a regulatory filing.
U.S. forecaster sees 85% chance of La Niña through winter
La Niña is characterized by unusually cold temperatures in the equatorial Pacific Ocean and linked with floods and drought.
World Bank praises efforts to arrest COVID-19 spread in Mumbai’s Dharavi
Dharavi, which is located in India’s commercial capital Mumbai, is spread over an area of 2.5 square kilometres and has a population of 650,000. People live in shanties and dilapidated buildings with narrow lanes and open sewers.
Observing that effective approaches have tapped the skills and dedication of community members, the World Bank said that in Mumbai, city officials were able to stem the rapid spread of the coronavirus in Dharavi, one of the city’s largest urban settlements, by mobilising community members and staff from private medical clinics for a strategy based on mass screening for fever and oxygen levels.
AXA XL announces appointments for Asia & Europe Business Unit
Xavier Veyry, Chief Executive Officer, Asia & Europe at AXA XL, said: “I’m delighted we could find the right people within our organisation to lead our underwriting, captives and claims capabilities in Europe and Asia, as well as our local teams. It reflects the quality of talent at AXA XL.”
Maharashtra becomes first state to regulate prices of masks during COVID-19 pandemic
According to the recommendation of the committee, the N-95 mask will be available for around Rs 19 to Rs 50 depending on the type, while the double and triple layer masks will be available for just Rs 3 to 4. The process of deciding on the price fixed by the committee is in the final stage and after the approval of the government, it will be mandatory to sell the masks at the revised rate, said an official release.
India’s coronavirus infections rise by 70,496 to 6.91 million
The COVID-19 case fatality rate due to the coronavirus infection was recorded at 1.54 per cent.
India’s death toll from the novel coronavirus rose past 100,000 on Saturday, only the third country in the world to reach that bleak milestone, after the United States and Brazil, and its epidemic shows no sign of abating.
Life insurers see recovery in new premium income, subdued growth in policy sales in H1 FY 20-21
The life insurance behemoth LIC is at the verge of recovery as its new premium income, at Rs88, 018 crore, has shown a de growth of just two per cent.
Among the listed players, HDFC Life reported robust growth of 43 per cent y-o-y , followed by Max Life (16 per cent y-o-y growth), while SBI Life posted 4 per cent y-o-y-o decline. On the other hand, ICICI Prudentail Life Insurance (IPRU Life), which declined 24 per cent y-o- y continued to witness pressure.