Numerous buildings were destroyed and nearly 3,000 acres (1,200...
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Data protection rules may be refined further to protect children: Vaishnaw
"We will refine it (DPDP Rules) further to take the power of...
“Acquisitions in India remain an option if a compelling opportunity arises aligning with our long-term vision”
Laurent Rousseau, CEO of Europe, IMEA and Global Capital Solutions,...
Automatic recurring payment to comply with RBI direction from April 1
Under the new norms, banks will be required to inform customers in advance about recurring payment due and transaction would be carried following nod from the customer. So the transaction would not be automatic but would be done after authentication from the customer.
Shipping companies may not get insurance claims for’ lost expenses’ incurred from Suez closure chaos
Ships typically have various types of insurance, including protection & indemnity (P&I) for pollution and injury claims. Separate hull and machinery policies cover vessels against physical damage.
“Both exclude loss of earnings,” Claudio Blancardi, underwriting director with ship insurer Nordic Marine, said.
China found using surveillance firms to help write ethnic-tracking specs
The technical standards, published by surveillance research group IPVM, specify how data captured by facial recognition cameras across China should be segmented by dozens of characteristics – from eyebrow size to skin color and ethnicity.
Indian payments firm MobiKwik says it is probing date breach claims
“The company is closely working with requisite authorities, and is confident that security protocols to store sensitive data are robust and have not been breached,” MobiKwik said in a statement. “Considering the seriousness of the allegations, and by way of abundant caution, it will get a third party to conduct a forensic data security audit”.
India extends shelf life of AstraZeneca vaccine
The approval, given to a licensed version of the drug made by the Serum Institute of India (SII) and exported to dozens of countries, could help health authorities minimise vaccine wastage and better plan their inoculation programmes.
Some African countries have only until the middle of next month to use up more than a million doses of the vaccine – branded Covishield by SII – if the shelf life is not extended.
Suez Canal blockage adds to pressure points in global trade
About 12% of global trade by volume goes through the Suez Canal, but it accounts for 30% of the world’s daily shipping container freight. That makes it the most important conduit for trade between Europe and Asia. Some 19,000 vessels passed through the canal last year, according to official figures.
Insurers come to Crypto’s wild west promising 50% plus returns
Now software developers are launching products that claim to reduce the risks by selling something akin to insurance coverage. But here’s the catch: They’re also DeFi apps.
Unlike insurance offered through the likes of Lloyd’s to custodians and large crypto exchanges, these apps — which run on digital ledgers called blockchains — let any investor buy coverage. They also allow anyone to form investment pools to provide coverage — often promising annual returns of at least 50%.
Over 40 mn old vehicles on Indian roads, Karnataka tops list at 700,000
More than four crore vehicles have been found to be older than 15 years, including over two crore which are more than 20 years old, as per the data.
The digitised vehicle records are as per the centralised Vahan database that excludes “Andhra Pradesh, Madhya Pradesh, Telangana, and Lakshadweep”, the ministry said.
Uttar Pradesh occupies the second spot with 56.54 lakh vehicles, of which 24.55 lakh are older than 20 years.
Cairn to seize overseas Indian assets to enforce $1.2-bn arbitration award
India has appealed against the arbitration award on the grounds that taxation-related matters are not covered in its bilateral investment treaty with the United Kingdom under which the case was filed, and therefore the arbitration tribunal does not have the jurisdiction to rule on the matter, sources said.
Ship blocking Suez Canal moves slightly, unclear when it will refloat
Suez (Egypt): Efforts to dislodge a giant container ship blocking the Suez Canal have allowed its stern and rudder to move, but it remains unclear when the vessel will be refloated, the head of the canal authority said on Saturday. The 400 metre (430...