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Bloodbath on D-Street: Sensex slumps over 4,000 points amid election uncertainty, investors lose Rs 31 lakh crore
The Nifty index dropped as much as 5.43% to 22,000.60 points while...
Strong growth, lower fiscal deficit may lead to India rating
"A faster-than-anticipated pace of fiscal consolidation could pave...
Kaspersky partners CERT-In to create secure cyberspace
The partnership would create mechanisms to detect latest cyber security threats that can adversely affect the information assets and privacy of the general users in the country, and devise appropriate security measures to enable such users to secure their systems.
“The pandemic has amply highlighted that we are codependent, interconnected and vulnerable. Our partnership with Kaspersky will help towards creating a robust, safe, secure and resilient digital economy in a vibrant digital India,” said Dr Sanjay Bahl, Director-General, CERT-In.
No direct correlation between health expenditure and Covid outcomes: Report
A significant part of the health care cost in India has to be borne by non-governmental entities, of which out of pocket expenses of households (including medical insurance) accounted for 2.2 per cent of the GDP and the remaining 0.4 per cent was accounted for by non-governmental organisations/ external donor/local bodies, it said, citing official data of FY17.
The share of government in the current expenditure on health in India is only 27.1 per cent and an a large share of 62.4 per cent is borne by households, it said.
DCGI and institutional ethics committee investigating claim of adverse event in COVID vaccine trial: Officials
A 40-year-old Chennai-based business consultant, who was a volunteer for the third phase of the vaccine trial conducted by Pune-based Serum Institute of India (SII), has sought Rs 5 crore compensation for allegedly suffering serious neurological and psychological symptoms after taking the dose
“It is evident that the intention behind the spreading of such malicious information is an oblique pecuniary motive. The Serum Institute of India, will seek damages in excess of 100 crore for the same and will defend such malicious claims,” Serum Institute said.
Finmin asks PSU general insurers to cut flab; rationalise branches, other expenses: Sources
The finance ministry has asked these companies to cut the flab by rationalising branches and rein in other avoidable expenses like guest houses, etc, sources said.
Besides, sources said, they have been asked to expand their business through digital medium.
Insurance regulatory IRDAI gives in-principle approval for Bharti AXA-ICICI Lombard merger deal
“Further, policyholders should benefit from an enhanced product suite and deeper customer connect touch points,” the company said, adding the employees of the combined business will also benefit via greater opportunities across functions and geographies.
Max Life hires 2,000 executives via digital medium during COVID-19
In the first half of the year, Max Life has hired more than 2000 employees across diverse verticals such as agency, bancassurance, and internal operations.
This includes 170 candidates, some from reputed B-school campuses such as NMIMS-Mumbai; IIM-Calcutta, and IMT-Ghaziabad and MDI-Gurgaon who were offered roles at Max Life pre-COVID; along with over 40 leadership positions across various strategic business verticals
SMBs that quickly disclose hacking face 40% less financial loss
“Proactive disclosure can help turn things around in a company’s favour – and it goes beyond just the financial impact. If customers know what happened firsthand, they are likely to maintain their trust in the brand,” said Yana Shevchenko, Senior Product Marketing Manager at the cyber security firm Kaspersky
Surge in cyber attacks on Indian vaccine makers in Oct-Nov: Report
In October, a total of 54,34,825 and in November (till now), a total 16,43,169 number of cyber-attack events have been identified on the network.
According to the report, exposed systems that are unmonitored and facing the Internet are the most attacked system for the attackers.
IRDAI approves swap of Mitsui Sumitomo’s Max Life stake with its listed parent
MFSL will now proceed for the implementation of the share swap transaction, which will entail swapping by MSI of its 20.57% stake in Max Life with a 21.87% stake in MFSL by way of issue and allotment of 7,54,58,088 equity shares of Rs. 2/- each at a price of Rs. 565.11 per equity share on a preferential allotment basis.
The share swap transaction will effectively result in MFSL’s stake in Max Life increasing to 93.10%. Presently, MFSL holds a 72.5% stake in Max Life and MSI owns 25.5% stake.
EPFO extends deadline to submit life certificate by pensioners till Feb 28
Presently, a pensioner can submit JPP anytime during the year up to 30th November, which is valid for a period of one year from the date of issue. All such pensioners can submit life certificates till February 28, 2021.