Notably, a severe heatwave has been prevailing in most parts of...
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ADB commits $2.6 billion in sovereign lending to India
"ADB's portfolio in 2023 supported the government's priority...
Investors’ wealth eroded by Rs 5.12 lakh crore in four straight days before Lok Sabha outcome
''Nifty dropped by 183 points, marking the fourth consecutive...
Govt approves swap of Mitsui Sumitomo’s Max Life stake with Max Financial Services
The transaction entails swapping by MSI of 20.6% stake that it holds in Max Life with a 21.9% stake in MFSL This will result in MFSL’s stake in Max Life increasing to 93.10%.
Commenting on the development, Mohit Talwar, MD, Max Financial and Vice Chairman, Max Group, said, “Once concluded post regulatory approvals, this transaction will mark an important step for Max Financial to consolidate its shareholding in Max Life paving the way for a new beginning in form of a joint venture with Axis Bank.”
India’s economy may continue to face Covid-19 aftershocks till 2025: Report
Balance sheet stress that had been building before the coronavirus outbreak will probably worsen, Priyanka Kishore, head of economics for South Asia and South-East Asia, wrote in the report. She projects potential growth for India at 4.5% over the next five years, lower than 6.5% before the virus.
Indian businesses hit by more ransomware attacks in APAC region:Survey
Indian organisations feel most threatened by eCrime groups (90 per cent), hacktivists (77 per cent) and insider threats (66 per cent) followed by threats from nation states (64 per cent), according to the “2020 CrowdStrike Global Security Attitude Survey.”
COVID-19: India records 45,576 infections, 585 fatalities
There are 4,43,303 active cases of coronavirus infection in the country as on date which accounts for 4.95 per cent of the total caseload, the data stated
The total recoveries have surged to 83,83,602, pushing the national recovery rate to 93.58?per cent, while the COVID-19?case?fatality rate stands at 1.47 per cent
COVID-19 caseload in India breaches 89-lakh mark
The number of active cases remained below 5 lakh for the eighth consecutive day.There are 4,46,805 active cases of coronavirus infection in the country as on date which comprises 5.01 per cent of the total caseload, the data stated.
The total recoveries have surged to 83,35,109 pushing the national recovery rate to 93.52 per cent, while the COVID-19 case fatality rate stands at 1.47 per cent.
Turtlemint closes $30 mn fresh funding from investors
The Mumbai-headquartered startup’s Series D, was led by GGV Capital . American Family Ventures, MassMutual Ventures and SIG; existing investors Blume Ventures, Sequoia Capital India, Nexus Venture Partners, Dream Incubator and Trifecta Capital also participated in the round, which brings Turtlemint’s total to-date raise to $55 million.
Govt appoints S.N. Rajeswari as member(Distribution), IRDAI
“The Appointments Committee of the Cabinet has approved the appointment of Rajeswari, as Whole-Time Member (Distribution) in Insurance Regulatory and Development Authority of India (IRDAI), initially for a period of three years, with effect from the date of assumption of charge of the post, or till attaining the age of sixty-two years, or until further orders, whichever is the earliest, said an order by the Depat of Personnel and Training.on Wdnesday.
Cyber attacks up multi-fold in current environment: India”s cyber security coordinator
“In such unprecedented times, you mentioned two Cs – the challenge of corona and challenge of cyber. Actually, at the perch which I sit, there are 3 Cs. The third ”C” of course is on our northern border, which is another challenge that we are facing.
“In such an environment, cyber-attacks have gone up multi-fold. There are 4 lakh malware, we find every day. 375 cyber-attacks take place,” Pant said at an event organised by largest private sector lender HDFC Bank.
Dip in new COVID-19 cases, India records 29,163 infections in single day
The number of active cases remained below 5 lakh for the seventh consecutive day.There are 4,53,401 active cases of coronavirus infection in the country as?on date?which comprises 5.11 per cent of the total caseload,the data stated.?
The total recoveries have surged to 82,90,370 pushing the national recovery rate to 93.42 per cent,while the COVID-19 case fatality rate stands at 1.47 per cent
Pfizer moves US court against Aurobindo Pharma, Dr Reddy’s on cancer drug
Pfizer filed the possible patent infringement petition against both the companies in the United States District Court for the District of Delaware on two counts last week.