Sameer Bansal, MD and CEO designate, PNB MetLife , Bansal had...
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Canadian billionaire Prem Watsa to step down as Fairfax India chairman, replaced by son Benjamin
Benjamin Watsa, chairman, Fairfax India Holdings Corp The firm also...
Investors gain Rs12 lakh crore as stock markets shrug off poll jitters
To be sure, investors say the election outcome - with Modi's...
RBI keeps key rates steady, Sensex hits 45,000 for the first-time
GDP estimated to contract by 7.5% for FY21
Das said the economy was rebounding faster than expected from a coronavirus-induced slump earlier in the year but warned signs of recovery were far from being broad based.
RTGS system to be made 24X7 in next few days, said RBI..
From January onwards, the limit for contactless card transaction will be upped from Rs 2,000 to Rs 5,000 per transaction.
A proposal was made to issue RBI digital payment security control directions for regulated entities.A detailed regime for enhanced disclosure of customer complaints, monetary compensation for any kind of delay in redressal was also announced.
Artificial intelligence alone can add USD 500 billion to economy: Google India
“The COVID-19 pandemic has prompted us to use every tool at our disposal to address the challenges and opportunities before us,” Google India Country Manager & VP, Sajay Gupta, said at the ”ABP Infocom – The Next Normal”.
Millions of bad bots attacks on e-commerce sites detected
Cybercriminals have been using different ways to spoof good “User-Agents” to conduct the attacks.
With the holiday shopping season expected to continue in full swing till the New Year, e-commerce teams should start taking necessary steps to safeguard their applications against bad bots, Barracuda Networks said
Pandemic,Cyber-attack and Data Fraud remain top risk concerns for India Inc:Marsh/RIMs Study
“Cyber attacks, fraud, weather-related risks and, even, pandemics, have long been identified and prioritized by risk professionals.However, risk professionals’ work must go beyond identifying the impacts of these uncertainties. It is incumbent upon us to highlight opportunities and solutions that support shifts in strategy, strengthen organizational resilience and empower business leaders to make strategic-decisions with confidence. We are proud to present these findings with Marsh and provide the global risk management community with the insight to help elevate their programs.”said Laura Langone,President, RIMS 2020
IMA calls for strike on Dec 11 over ayurveda surgery move
Stating that the notification by the Central Council of Indian Medicine to allow the legal practice of surgeries by Ayurveda practitioners and the formation of four committees by Niti Aayog for the integration of all systems of medicine will only lead to “mixopathy”, the IMA demanded an immediate withdrawal of both.
The Union government told the Supreme Court that Ayurveda, unani and homoeopathy practitioners can prescribe drugs for prevention of Covid-19 by boosting immunity but cannot claim that their medicines can cure such patients.
Paytm quashes reports of stake sale by Ant Financial
While reports claimed that Ant Financial is planning to sell its stake in the company, both Paytm and Ant denied them as rumours and called the reports ‘false’ and ‘misleading’.
It has launched new insurance and wealth products which are getting adopted by its users as more people are transacting digitally in India. The progress has helped in instilling more confidence in all its investors and they expect expansion of these services going forward.
Reliance General Insurance and Reliance Nippon Life Insurance put on block, see large PE bidders
For Reliance General Insurance, which is owned 100 per cent by RCAP, there are 18 bidders and prominent among them are, Chryscap, J.C. Flower, Blackstone, KKR, CVC Capital Partners, and Bain Capital.
For Reliance Nippon Life Insurance, in which RCAP owns 51 per cent controlling stake, has received 16 bids, including Bain Capital, NIIF, Arpwood Partners, Dabur Investments, Bandhan Bank, and Multiples Asset Management among others.
COVID-19 caseload breaches 95-lakh mark,death toll climbs to 1,38,648 with 526 new fatalities
The number of people who have recuperated from the disease surged to 89,73,373 pushing the national recovery rate to 94.11 per cent, while the COVID-19 case fatality rate stands at 1.45 per cent.
The active COVID-19 caseload continued to remain below 5 lakh.There are 4,22,943 active coronavirus infections in the country which comprises 4.44 per cent of the total caseload, the data stated.
Committed to engaging with Indian govt to bring Covid-19 vaccine: Pfizer
“During this pandemic phase, Pfizer will supply this vaccine only through government contracts based on agreements with respective government authorities and following regulatory authorisation or approval,” the statement said.
RBI puts curbs on HDFC Bank’s digital, credit card operations
The Reserve Bank of India has asked the bank’s board to examine the lapses and fix accountability, the lender said in a stock exchange filing on Thursday.