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Indian News

Economy hit by COVID-19 second wave to start recovering from July, says Chief Economic Advisor

Commenting on the stock market situation in the country, he said that the stock market is at a record high as investors believe that the Indian economy will do well.

The CEA said that the prediction of good economic growth and investment by developed nations in the Indian stock market has led the market to a record high. 

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India’s biggest torn between BlackRock and funding coal

State Bank of India hasn’t decided whether to help finance the Carmichael mine for Adani Enterprises Ltd, whose main shareholder is Indian billionaire Gautam Adani, following mounting pressure from climate activists and investors, Bloomberg reported in April.

Funding for global energy is at a tipping point. Green bonds and loans from the global banking sector so far this year exceeded the value of fossil financing for the first time since the clinching of the Paris Agreement at the very end of 2015.

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General insurers seek cooperation from hospitals for faster settlement Covid-19 claims

The insurance companies are ready to extend their maximum cooperation to hospitals in completing the discharge process in the quickest possible time in all cashless claims as per the HC directives and solicit the kind cooperation of all hospitals in this regard, said Atul Sahai, chairman of GI Council and CMD of New India Assurance, the largest general insurer in the country.

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Number of active internet users in India likely to reach 900 mn by 2025, rural may lead: IAMAI

”Vernacular, Voice and Video will emerge as the game changers for the digital ecosystem over the next few years,” Biswapriya Bhattacharjee, Executive Vice President, Insights Division, Kantar said in a statement on the report.
”While internet users grew by 4 per cent in urban India — reaching 323 million users (67 per cent of urban population) in 2020, digital adoption continues to be propelled by rural India – clocking a 13 per cent growth to 299 million internet users (31 per cent of rural population) over the past year,” the report said.

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1 Indian firm paying average Rs 55 lakh after ransom attack

The average ransom payment in India was $76,619 (over Rs 55 lakh). However, paying up often doesn’t pay off as Indian organizations that paid the ransom got back, on average, 75 per cent of their data and only 4 per cent got all their data back, according to ‘The State of Ransomware 2021’ report by global cybersecurity leader Sophos.

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