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Govt to issue new guidelines to tackle unregistered telemarketers and for consumer protection: COAI
''The Committee is working to prepare draft guidelines under the...
Govt working with spice makers to ensure norm compliance; asks Everest to take corrective action
“We have carried out sample testing from both these companies and...
ICICI Pru Life net profit marginally up at Rs 303 crore in Q2FY 2020-21
“On the back of risk averse behaviour of customers, we saw considerable interest for traditional long-term savings products which grew 45 per cent year-on-year for the quarter. Annuity products too registered a robust growth of 73 per cent year-on-year for the quarter. The unit-linked business has shown a strong sequential improvement with Q2-FY2021 nearly doubling over Q1-FY2021,” MD & CEO N S Kannan said.
Delhi nearing third peak, situation worrisome in WB, Kerala: NITI Aayog
“Countries with much better economies, health and infrastructure systems are succumbing to the pandemic, which is a lesson for India. We are fortunate that our journey is in another direction where the cases are showing a downward trend. Recoveries are soaring, and active cases are falling,” he added.
The poor now linked to banking system, have access to loans: PM
The PM SVANidhi scheme was launched on June 1 this year to help poor street vendors, impacted by economic distress due to the COVID-19 pandemic, in resuming livelihood activities. Around 25 lakh applications have been received of which 12 lakh have been sanctioned.
As demand picks steam in Sep, Indian economy’s animal spirits soar
Economists, including those at the Reserve Bank of India, attributed the recovery to pent-up demand after a strict lockdown imposed in March to contain the coronavirus outbreak hit the consumption of goods and services. While inventory re-stocking will underpin business activity in the coming months, the improvement might still not be enough to prevent Asia’s third-largest economy from contracting in the financial year to March 2021.
Cyberattack on Dr Reddy’s Labs sharp reminder to strengthen digital infrastructure: Analysts
Dr Reddy’s faced a major data breach yesterday which triggered a shutdown of its key facilities. The company experienced data breaches in servers in the UK, the US, India, Brazil and Russia. Afterwards, the company released a statement which said that in the wake of a detected cyberattack, it had isolated all data centre services to implement preventative measures. Dr Reddy’s anticipates all services to be up within 24 hours and does not expect any major impact on operations due to the cyberattack.
SBI Life net profit more than doubles to Rs 299.7 cr in Jul-Sep
“Based on the evaluation, the company has kept additional reserve amounting to Rs 64.76 crore resulting from COVID-19 pandemic over and above the policy level liabilities. The company will continue to closely monitor any future developments relating to COVID-19 which may have any impact on its business and financial position,” it added.
Massive ransomware attack hits PTI, services resume
According to a company spokesperson, “The computer servers suffered a massive ransomware attack, disrupting operations and the delivery of news to hundreds of subscribers across India for several hours before they were restored after an all-night effort by engineers”.
According to sources, no ransom was paid and the engineers worked through the night to restore the services by Sunday morning.
The ransomware was identified as LockBit that encrypted data and applications, crippling the news delivery to subscribers.
LockBit functions as ransomware-as-a-service (RaaS).
Blaze at Mumbai mall doused after 56 hours
“It was a level-5 (massive) blaze and was doused around 5 am on Sunday,” a fire brigade official said.
Over 3,500 people from an adjacent residential high- rise were evacuated as a precautionary measure
Earlier this month, a blaze at a cutlery market in south Mumbai took almost 45 hours to be extinguished.
India records 50,129 fresh COVID-19 cases, 578 deaths
There are 6,68,154 active cases in the country which comprise 8.50 per cent of the total caseload, the data stated.
A total of 70,78,123 people have recuperated from the disease so far, pushing the national recovery rate to 90 per cent while the case fatality rate stands at 1.51 per cent.
LIC IPO may spill over to next fiscal as govt looks at valuation of insurer
Department of Investment and Public Asset Management (DIPAM) Secretary Tuhin Kanta Pandey said the pre-IPO work of LIC is going on at four stages — appointment of advisors for ensuring compliance, legislative amendment, LIC’s internal software changes to come out with its ’embedded value’ and appointing an actuary for vetting LIC’s actuarial valuation.
Pandey said only after the four stages converge, then a decision would be taken on the quantum of government stake to be diluted in LIC.
“We are trying our best to do this fiscal. But this IPO is a big issue and I think it will take time,” Pandey said when asked if the offering would happen this fiscal.