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Indian News

Indian payments firm MobiKwik says it is probing date breach claims

“The company is closely working with requisite authorities, and is confident that security protocols to store sensitive data are robust and have not been breached,” MobiKwik said in a statement. “Considering the seriousness of the allegations, and by way of abundant caution, it will get a third party to conduct a forensic data security audit”.

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MoF shortlists 10 GMs for selecting CMDs of National Insurance & United India

The candidates who have been shortlisted are: Madhulika Bhaskar, GM, GIC Re, Suchita Gupta, GM, GIC Re , Surya SwaroopS Saxena,GM, Agriculture Insurance Company, Rajeshwari Singh, GM, AICL, SL  Tripathy, GM, GIC Re, Inderjeet Singh, GM, New India Assurance, S Tuli(Nagpal), NIC, Rekha Gopal Krishna, GM, NIA, N Ramaswami, GM, currently heading London operation of GIC Re, Neerja Kapur, currently heading London operations of NIA.

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Over 40 mn old vehicles on Indian roads, Karnataka tops list at 700,000

More than four crore vehicles have been found to be older than 15 years, including over two crore which are more than 20 years old, as per the data.

The digitised vehicle records are as per the centralised Vahan database that excludes “Andhra Pradesh, Madhya Pradesh, Telangana, and Lakshadweep”, the ministry said.

Uttar Pradesh occupies the second spot with 56.54 lakh vehicles, of which 24.55 lakh are older than 20 years.

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IPO gold rush: Buoyed by global liquidity, firms lap up Rs 31k cr in FY21

Companies including LIC, HDB Financial Services, NCDEX, ESAF Small Finance Bank are expected to come out with their IPOs in 2021-22, said Rajendra Naik, Managing Director – Investment Banking, Centrum Capital.
Sandeep Bhardwaj, CEO, Retail at IIFL Securities said the IPO pipeline remains strong with 28 companies holding markets regulator Sebi’s approval for raising nearly Rs 28,710 crore through initial share-sale going forward.

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Banks to conduct special clearing operations for closure of govt accounts on Mar 31: RBI

Under this, presentation clearing will take place between 1700 to 1730 hrs and return clearing will take place between 1900 and 1930 hrs at the three CTS (cheque truncation system) grids located in New Delhi, Chennai and Mumbai.
Under the CTS system, there is no need to present a cheque physically for clearance, instead an electronic image is being transmitted to the paying branch through the clearinghouse, with the relevant data.

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