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Cyber experts express concern about data security in India
Digital Personal Data Protection (DPDP) Act, 2023 has instilled...
Mind the Gap: Insuring India’s Missing Middle
Alpesh Shah, Managing Director & Senior Partner, Boston...
India to consider shifting dividend tax to investors from firms
The budget statement due February may include a proposal to tax dividends once they are paid to shareholders, rather than the current system where the company pays the levy
Led by India and China,emerging Asia will power global growth:Swiss Re
The main engine of the global economy will be emerging Asia, with near 6% growth in both India and China. The contribution of insurance to resilience will be greatest in this region as well. In China, non-life premiums are forecast to grow by 9 per centin 2020, and life premiums by 11 per cent
Australia braces for another week of Devastating Bushfires
While bushfires have been an important part of Australia’s ecology, some scientists have expressed concern that the season is getting longer. The drought gripping parts of Australia has created hazardous conditions in many regional communities, where some residents have complained that insufficient back-burning has taken place during the winter months, leaving a fuel load of fallen trees and undergrowth.
Ransomware attack hits Mexico’s state oil firm Pemex
An internal email seen by Reuters said Pemex was targeted by “Ryuk,” a strain of ransomware that experts say typically targets companies with annual revenue between $500 million and $1 billion.
Festive buys, new models help PV sales snap 11-month slide in October
“Sales in the festive season have been better than last year which is a good sign. We wish it continues in November and December as well and help us slowly come out of this slowdown,” SIAM President Rajan Wadhera told reporters here.
Cyclone Bulbul makes landfall, 2 dead
“Due to very severe cyclone ‘Bulbul’, operations at Kolkata airport has been suspended from 6.00 pm on November 9 to 6.00 am of November 10,” a home ministry official said in the national capital
Tencent buys 10% of Policybazaar, enters India insurance market
The Chinese technology giant bought 10% of Policybazaar, half of Tiger Global Management LLC’s stake in the company, the person said, asking not be identified as the matter was not public. The $150 million deal was signed earlier this week, the person added.
Moody’s cuts India outlook to negative, predicts ‘prolonged slower growth
“A prolonged period of slower economic growth would dampen income growth and the pace of improvements in living standards, and potentially constrain the policy options to drive sustained high investment growth over the medium-to long term,” William Foster, vice president of Moody’s Sovereign Risk Group, wrote in a statement.
IMF wants govt to be more credible, transparent on fiscal numbers
The comments come amid allegations of the budget math not adding up with some pointing to a Rs 1.7 trillion hole in the estimates, and also over 100 economists questioning the official data computation.
Facebook employing user data as a weapon against rivals: Report
Some 7,000 pages of documents reveal how Facebook chief Mark Zuckerberg and his team harnessed users’ personal information to reward partners by giving them preferential data, while depriving rivals of the same sort of information, it reported.