India's oil secretary Pankaj Jain said the deadline, as outlined by...
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OpenAI faces new copyright case, from global book publishers in India
The case was filed on behalf of all the federation's members, who...
NHRC faults probe of Foxconn hiring, orders new inquiry
"The commission has no hesitation in stating that the authorities...
39 lakh people displaced in India in 2020 due to climate disasters, conflicts: Report
The top three countries with high internal displacements last year were China, Philippines and Bangladesh, where over four million people were displaced, according to the State of India’s Environment Report 2021 released by the Centre for Science and Environment.The report stated that 76 per cent of the internal displacements globally in 2020 were triggered by climate disasters.
It said 4.05 crore people were displaced in the world that year, out of which, 3.07 crore people were displaced due to climate disasters and 98 lakh due to conflicts and violence.
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.
Brit launches new consortium for placement of “Marine War breach call risks”
Keel offers up to $152.2m of capacity per risk and provides instant quotes that are fully sanctioned screened – an area of increasing importance in the growing regulatory environment affecting marine war risks.
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.
Ransomware & aggregation issues in US call for new approaches to US Cyber Risk : AM BEST
The loss ratio for cyber insurance rose dramatically in 2020, to 67.8%, from 44.8% in 2019. However, the increase was not limited to just a few insurers—the loss ratio rose for 15 of the 20 largest cyber insurers.
“The rate increases for cyber insurance outpaced that of the broader property/casualty industry, but the increase in cyber losses outstripped the rate hikes, which suggests more trouble for 2021 as ransom demands continue to grow,” said Sridhar Manyem, director, industry research and analytics.
Covid-19 vaccine: After Pfizer, Serum Institute seeks indemnity, say sources
Earlier last year, SII CEO Adar Poonawala had advocated for indemnity for all vaccine manufacturers.
“We need to have the government indemnify manufacturers, especially vaccine manufacturers, against all lawsuits… Frivolous claims come up and you see in the media something being blown out of proportion. The government needs to step in with the right messaging,” he had said.
Amid the nationwide COVID-19 vaccine crunch, US pharma giant Pfizer is seeking an indemnity bond that will exempt it from legal claims in case there are any adverse effects from the vaccine.
HDFC Bank commits to becoming carbon neutral by 2031-32
The bank has a three-pronged strategy to achieve its objective to become carbon neutral: Reduce consumption, transition to renewable energy, and offset carbon footprint.
Google claims new IT rules not applicable to its search engine, HC seeks Centre’s stand
The single judge’s decision had come while dealing with a matter in which a woman’s photographs were uploaded on a pornographic website by some miscreants and despite court orders the content could not be removed in entirety from the World Wide Web and “errant parties merrily continued” to re-post and redirect it to other sites.
Scott Sayce appointed Global Head of Cyber at Allianz Global Corporate & Specialty
In 2020, AGCS generated more than EUR 100 million gross premium written with cyber insurance solutions globally. In March 2021, AGCS announced a partnership with Google Cloud and Munich Re offering a unique cyber risk management solution for cloud customers.
Safety ratings yanked after Tesla pulls radar from 2 Models:Consumer Reports
“If a driver thinks their vehicle has a safety feature and it doesn’t, that fundamentally changes the safety profile of the vehicle,” David Friedman, Consumer Reports’ vice president of advocacy, said in a statement. “It might not be there when they think it would save their lives.”