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Ransomware attacks hit record 300 mn in 1st half of 2021: Report

In line with spikes in global data, the researchers also recorded alarming ransomware spikes across key verticals, including government (917 per cent), education (615 per cent), healthcare (594 per cent) and retail (264 per cent) organisations.
“In a year driven by anxiety and uncertainty, cybercriminals have continued to accelerate attacks against innocent people and vulnerable institutions,” Bill Conner, President and CEO, Sonic Wall, said in a statement.

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FPIs pull out net Rs 6,105 cr from Indian capital mkts so far this fiscal

FPI pulled out net investments worth Rs 11,308 crore from Indian equities in July.the outflow comes after net FPI investment in June stood at Rs 17,215 crore.

”What is encouraging during the first four months is the fact that the number of new investor registrations in India is up 2.5 times year on year as per data released by the NSE,” said S Ranganathan, head of research at LKP Securities.

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GOQii plans $ 75-100 mn fundraising; sees sustained interest around preventive healthcare

GOQii is into wearable-based smart-tech-enabled fitness and healthcare, and its platform brings together preventive healthcare ecosystem. The smart health ecosystem integrates tools for personalised coaching, a high-growth health e-commerce store, scheduling health check-ups, a health locker, and the ‘GOQii Cash’ programme where healthy behaviour is rewarded with cash discounts and insurance discounts based on health management data.
GOQii Smart Healthcare’s marquee list of investors include Mitsui, NEA, Megadelta, DSG Consumer Partners, Galaxy Digital, Denlow Investment Trust, Edelweiss, Cheetah Mobile, GWC, and corporate leaders like Ratan Tata, and Vijay Shekhar Sharma.

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Businesses can now self-certify GST annual returns, instead of mandatory audit by CA

Under the Goods and Services Tax (GST), filing of annual return — GSTR-9/9A — for 2020-21 is mandatory for all registered businesses, barring those with an aggregate annual turnover of up to Rs 2 crore.

”This will give compliance level relief to thousands of taxpayers, however, would parallelly increase the risk of intentional and unintentional misstatements in the annual filings aggravating the departmental scrutiny,” said AMRG & Associates Senior Partner Rajat Mohan.

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China, India miss UN deadline to submit plans for cutting emissions

The world’s two most populous countries are among dozens that failed to provide an update on their targets for curbing the release of planet-warming gases to the UN climate change agency by July 31, they said on Saturday.

China is the country with the world’s highest emissions, while India is third. The United States (US), which submitted its new target in April, is the second-biggest global emitter.

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Forecasters who predicted India’s coronavirus peak see new wave coming

The country may see a worsening of its outbreak as soon as this month, with the next wave peaking in the best-case scenario with less than 100,000 infections a day, or nearly 150,000 in the worst scenario, according to estimates by researchers led by Mathukumalli Vidyasagar and Manindra Agrawal at Indian Institute of Technology in Hyderabad and Kanpur respectively.

States with high Covid rates, such as Kerala and Maharashtra, could “skew the picture,” Vidyasagar told Bloomberg in an email.

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479 infrastructure projects show cost overruns worth Rs 4.4 trillion

Out of 541 delayed projects, 109 projects have overall delay in the range of 1-12 months, 119 (13-24 months), 192 (25-26 months) and 121 projects (61 months and above).

The average time overrun in these 541 delayed projects is 45.76 months.

Reasons for time overruns as reported by various project implementing agencies include delay in land acquisition, delay in obtaining forest and environment clearances, and lack of infrastructure support and linkages.

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Tata Motors looking at measures to offset impact of semiconductor shortage

“Yes, we are definitely impacted because of uncertainty of supplies but so far we have been able to manage somehow,” Tata Motors President Passenger Vehicles Business Unit (PVBU) Shailesh Chandra told PTI when asked if the company was facing issues in its production activities due to semiconductor shortage.
“We are looking for alternate semiconductors and at times procuring directly from stockists. We are also trying to see if a more standard chip can be used in certain components where we are facing stress. Besides, we are looking at trim mix so that we don’t lose on the sales,” he added.

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