Equity investors suffered an erosion of Rs 13 lakh crore in market...
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Assessing AI: 73% of enterprises have launched AI, 52% of deployments achieving business value, Infosys Survey
Sumit Virmani, EVP and Global Chief Marketing Officer, Infosys,...
Indian patent office cautions people against fraudsters seeking money to facilitate IP applications
"It is, therefore, advised to all the stakeholders who are applying...
Remote work may shift 835,000 jobs out of London, Report Says
With more staff able to work remotely, offices could become venues for “fast-moving, high-value tasks,” the report said. Some roles are best suited to offices, including those that require special equipment or that need a secure, regulated environment, the authors noted.
“Overall, the insurance capacity in Asia is shrinking in the Power sector”
“Overall, the insurance capacity in Asia is shrinking in the Power sector. While the rate of hardening has now decreased for most lines of business from last year’s percentage rises, the pressure to keep pushing for year-on-year increases shows little sign of abating. It is important for Power companies to work closely with their risk advisors, using risk and analytics tools to help them manage their cost of risk through purchasing the right limits and retention levels for their insurance programmes.
Cryptocurrency-related cyberattacks grew by 192%: Report
“The digital format of cryptocurrencies make them decentralised in nature and without any regulations, they have become the currency of choice for cybercriminals,” Murali Urs, Country Manager, Barracuda Networks-India, said in a statement.
In 2019, ransom demands ranged from a few thousand dollars to $2 million at the top end. By mid-2021 most demands were in the millions, with a significant number over $20 million.
UK government set for leading role in insuring live entertainment
After months of closure or pared back performances with reduced audiences to allow social distancing, planning ahead to revive the sector is all but impossible without events cancellation insurance, theatre and music directors say. That makes government intervention crucial if the commercial sector will not pay.
SC directs NDMA to issue norms for financial help to kin of Covid victims
A special bench of Justices Ashok Bhushan and M R Shah said that the court cannot direct the Centre to fix a particular amount of financial help but the government can fix the minimum standard of amount to be paid as ex-gratia to family members of those who lost their lives due to COVID-19 while keeping various aspects in mind.
The top court asked the Centre to consider formulating an insurance scheme for cremation workers as proposed by the Finance Commission.
It also directs the authorities to issue appropriate guidelines for simplification of process of issuance of death certificates for Covid fatalities.
Elon Musk’s Starlink to provide internet nearly worldwide within weeks
SpaceX aims to offer broadband to as much as 5% of the world’s population where conventional fiber and wireless networks can’t reach. Musk said he’s signed two deals with “major country” telecom operators but he couldn’t name them yet, and he’s in discussions with more.
Sebi approves stricter independent dir norms, measures to attract more investors into mkt
Under the proposed changes, a listed company will be required to disclose the resignation letter of an independent director and there will be a one-year cooling period for an independent director transitioning to a whole-time director in the same company/ holding/ subsidiary/ associate company or any company belonging to the promoter group.
The new norms will be effective from January 1, 2022.
Johnson & Johnson exploring ways to accelerate delivery of its COVID vaccine in India
‘We are in ongoing discussions with the Government of India and are exploring how best to accelerate our ability to deliver the Johnson & Johnson single dose COVID-19 vaccine to the people of India,” Johnson & Johnson India spokesperson said in a statement.
As per the recent announcement by the Drugs Controller General of India (DCGI), there is no longer a requirement to conduct bridging clinical studies of COVID-19 vaccines in India, the statement added.
Five Indian drugmakers to jointly start local trial of Merck & Co’s COVID-19 drug
Between March and April, each of these companies, including Sun Pharmaceutical Industries, Torrent Pharmaceuticals and privately held Emcure Pharmaceuticals, partnered with Merck to expand production of the drug, molnupiravir, hastening its availability in India to address a new wave of infections in the country.
Oxford study says mixing COVID-19 vaccines gives good protection
Professor Snape said these results are an invaluable guide to the use of mixed dose schedules, but the interval of four weeks studied here is shorter than the eight to 12-week schedule most commonly used for the Oxford-AstraZeneca vaccine.