Research analysts and investment advisers cannot guarantee profits...
Category:
Risk Management
Latest
DICGC’s cover on bank deposit beyond Rs 5 lakh, Bill allowing Composite licenses soon, says DFS Secy
Union Finance Minister Nirmala Sitharaman is launching Mutual...
Willis and Global Parametrics deliver new parametric solution to coffee farmers in Vietnam
If the rainfall dips below predefined values, the insurance is...
Irish health service may take weeks to recover from ransomware attack
There was widespread cancellation of radiology services across the country due to its reliance on the IT system and particular challenges in laboratories, the HSE said.
Second wave of COVID-19 to impact blue-collar, gig jobs : Report
However, it stated that in the ongoing second wave of the pandemic (April and May 2021), India is witnessing a decline in the economic activity owing to the localised lockdowns, but the impact on the economy is unlikely to be as devastating as in 2020.
Cairn identifies $70 bn Indian assets for seizing to recover amount due from govt
The assets identified range from Air India”s planes to vessels belonging to the Shipping Corporation of India, and properties owned by state-owned banks to oil and gas cargoes of PSUs, three people familiar with the matter said.
These assets are across several jurisdictions, they said without giving further details.
Cairn plans to move courts in the US to Singapore for seizure of the assets in absence of Indian government”s refusal to honour an international arbitration award.
Facebook faces prospect of ‘devastating’ data transfer ban
The case stems from EU concerns that U.S. government surveillance may not respect the privacy rights of EU citizens when their personal data is sent to the United States for commercial use.
Meanwhile, Germany’s lead data protection regulator for Facebook is banning the social network from processing personal data from WhatsApp users because it views the messaging app’s new terms of use as illegal, it said on Tuesday.
Crypto crime down in 2021 through April, but ‘DeFi’ fraud at record -CipherTrace
Globally, crypto criminals ran away with $432 million as of end-April, according to the CipherTrace report. About 56% of that, or $240 million were DeFi-related, a record peak.
For the whole of 2020, losses in the crypto sector through fraud and crime were $1.9 billion. In 2019, crypto crime losses hit a record $4.5 billion.
Cairn Energy sues Air India to enforce $1.2 bln arbitration award – court filing
Cairn filed the lawsuit on Friday in the U.S. District Court for the Southern District of New York, seeking to make Air India liable for the judgement that was awarded to Cairn. The lawsuit argued that the carrier as a state-owned company, is “legally indistinct from the state itself.”
The move ratchets up pressure on India’s government to pay the sum of $1.2 billion plus interest and costs that the British firm Cairn was awarded by an arbitration tribunal in December. The body ruled India breached an investment treaty with Britain and said New Delhi was liable to pay.
India is home to 13 of the 20 riskiest cities in the world, extreme levels of air and water pollution
Globally, 1.5 billion people live in 414 cities that are at high risk from pollution, water shortages, extreme heat, natural hazards and the physical impacts of climate change.
Adani and other Australian coal miners flag finance, insurance difficulties
The withdrawal of global insurers risks making even some ancillary business unviable, said contractor BMD Constructions Pty Ltd, which is building a section of a 210 km (130 mile) rail line to service Adani’s Carmichael mine in northern Queensland state, which is due to start operating this year.
The coal miners argued that Australia’s high-energy coal offers a comparatively lower emissions alternative to export markets compared with coal from other regions. They say coal also provides billions of dollars to government coffers and supports regional jobs.
Fire tragedy: FIR against trustees of Bharuch hospital
Sixteen COVID-19 patients and two trainee nurses died in the blaze in the ICU ward of the ‘Welfare Hospital’, run by a charitable trust, on May 1.
The FIR was registered against the Bombay Patel Welfare Society’s president, Khalid Patel, other trustees and key functionaries of the trust which runs the hospital, Parmar said, adding that no one has been arrested so far.
Government pro-actively looking for action on WhatsApp privacy rules issue: MeitY official
“The ministry is cognisant of this problem. Today, Germany has banned this privacy policy of WhatsApp. The ministry is proactively looking at what we can do about it,” MeitY Special Secretary and Financial Advisor Jyoti Arora said at an Assocham event.