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RBI raises ceiling on remuneration of non-executive directors to Rs 30 lakh
"Considering the crucial role of non-executive directors in...
Govt formulating action plan to compensate victims of cyber financial frauds
Vivek Joshi, Secretary, Department of Financial Services Also...
Verisk releases New Ransomware Model as part of Cyber Risk Platform
The economic loss from a major systemic ransomware attack can exceed 15 billion USD, causing significant damage to the global economy, thereby making modeling such attacks critical to the insurance industry.
Global coronavirus cases exceed 15 million
The top five countries with the most cases is rounded out by Brazil, India, Russia and South Africa. But, the Reuters tally shows the disease is accelerating the fastest in the Americas, which account for more than half the world’s infections and half its deaths.
Globally, the rate of new infections shows no sign of slowing, according to the Reuters tally, based on official reports.
After the first COVID-19 case was reported in Wuhan, China, in early January, it took about 15 weeks to reach 2 million cases. By contrast, it took just eight days to climb above 15 million from the 13 million reached on July 13.
India watchdog bans former Deloitte partner over IL&FS unit audit
In Wednesday’s 88-page order, the NFRA said Sen failed to disclose certain facts during the audit of the infrastructure firm and was grossly negligent in performing his professional duties. Sen denied all charges of misconduct before the NFRA, the order added.
PM Modi seeks US investments in Indian healthcare,agri,insurance & clean energy sectors
“India invites you to invest in finance and insurance. India has raised FDI cap for investment in insurance to 49%. Now 100% FDI is permitted for investment in insurance intermediaries,” he said.
He said that reforms in many sectors like agriculture, medicine, energy, space, aviation and others have made them attractive destination for investment. FDI limit in sectors like Defence was increased.
Opportunities in technology also include opportunities in the frontier technologies of 5G, Big data analytics, Quantum computing, Block-chain and Internet of things
Double-shot coronavirus vaccine tests raise new pandemic challenge for the world
Vaccine experts have warned that the first shots to gain approval against Covid-19 might not be the most effective or efficient. In fact, history shows two doses is a more likely scenario. Almost all standard vaccines are multiple-shot regimens, according to Tony Moody, an immunologist at the Duke Human Vaccine Institute.
Number of registered cos reaches 20.14 lakh at June-end; over 7.4 lakh closed: Official data
The data showed that there were 20,14,969 registered companies as on June 30.
“Of them,7,46,278 companies were closed. 2,242 companies were assigned dormant status as per the Companies Act, 2013; 6,706 were under liquidation; 43,770 companies were in the process of being struck-off… there were 12,15,973 active companies as on June 30, 2020,” it said.
Update your Google Chrome browser now to avoid hackers, says CERT-In
“Multiple vulnerabilities have been reported in Google Chrome that could allow remote attacker to execute arbitrary code, bypass security restrictions, access sensitive information, contact spoofing attack and denial of service (DoS) attack on the targeted system,” the Computer Emergency Response Team-India (CERT-In) warned in its latest advisory.
U.S.accuses Chinese nationals of hacking spree for COVID-19 data, defense secrets
As early as Jan. 27, as the coronavirus outbreak was coming into focus, the hackers were trying to steal COVID-19 vaccine research of an unidentified Massachusetts biotech firm,
“Corona Kavach”can now be offered as a group policy:IRDAI
t will also be extremely useful for various categories of frontline workers as groups. In case the group consists entirely of doctors, nurses or healthcare workers, a discount of 5% will also be available as a mark of recognition of their contribution in fighting the society’s battle against Covid-19. The group policy can provide protection to a large number of employees engaged in manufacturing, services, SMEs, MSMEs, logistics sector, migrant workers and bring peace of mind to them, their family members and the employers.
China offers more financial support for flood-hit areas
Separately, the CBIRC urged insurers to properly perform investigations and claims settlement and arrange financial resources in advance to help flood-hit companies and people resume production and normal lives in a timely manner.Large parts of China were reeling on Friday from the worst floods in decades, which destroyed homes and affected millions of people.