“In today’s zero perimeter world, where data is everywhere, defenders need to relook at cybersecurity from strategic point of view. It is important that security adopts new tools like Artificial Intelligence, Machine learning and incorporate best strategies to mitigate risks,” Vishak Raman, Director, Security Sales, Cisco India & SAARC said. 

Speaking at the press conference in Mumbai, VK Sharma, chairman, also stated that recent problems in state owned Punjab and National Bank (PNB) was an unfortunate event and declined to comment further on the issue. “But still as a person or a institutional head I have full faith in the bank and we are going to hold on with our investments,” added Sharma.

Examination date for the promotion may be declared by GIPSA in May, sources familiar with the development said. It means that there will not be any forceful retirement or exit for the time being. Redeployment will be done which  means excess staff will be transferred to other offices and places, the sources said, adding, that things are yet to clear whether there will be `VRS and Pension”.

For both Watsa and Allianz Re, the reinsurance foray will be a matter of further expansion of their existing re/insurance business in the country.

Stating that there was a need for insurance companies and regulators to evolve with changing times, Venkaiah Naidu said the focus should be on curbing unfair trade practices and ensuring availability of policies and products to the common man at affordable prices.