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Consumer affairs ministry to issue guidelines to curb pesky calls, messages
"The Department of Consumer Affairs had started working on...
Investors with $9.5 trillion seek mandatory Scope 3 emissions disclosures
The group, which includes Allianz SE and the California Public...
India may ease rules for non-Chinese investments from Hong Kong
Prime Minister Narendra Modi’s administration is formalizing investment rules for neighbouring countries amid a bloody border standoff with China earlier this year.
That’s led to over 140 proposals worth more than $1.75 billion, including proposals from China and Hong Kong, getting delayed and complicating deal-making for investors.
The framework is expected to speed up the approval process and bring in much-needed clarity for both private equity firms and hedge funds and companies looking for foreign capital as they struggle amid the pandemic generated economic shocks.
Indian Pharma majors rush to buy covers for developing Covid-19 solutions
The policy provides cover for legal liability arising out of lack of care or negligence resulting in injury or death of the subject participating in the trial,
’Raheja QBE General insurance, has issued 119 `Clinical Trial Liability Insurance’, policies including 53 covers exclusively for developing Covid 19 remedies from April till November 2020.
“Clinical trial premium is more expensive than other liability products. We have taken reinsurance support for this policy;; said Atul Sahay, CMD, New India Assurance..
, ICICI Lombard General Insurance is now getting ready to provide transit cover for transporting Covid -19 vaccine in India, said Sanjay Datta, Chief – Underwriting, Claims, Reinsurance and Actuarial.
Microsoft, Google, Cisco, Dell join legal battle against hacking company NSO
The brief, filed before the U.S. Court of Appeals for the Ninth Circuit, opens up a new front in Facebook’s lawsuit against NSO, which it filed last year after it was revealed that the cyber surveillance firm had exploited a bug in Facebook-owned instant messaging program WhatsApp to help surveil more than 1,400 people worldwide.
Global cos, govt agencies among 200 victims of suspected Russian hacking
Recorded Future Inc., a cybersecurity firm based in Massachusetts, has identified 198 victims that were hacked using the SolarWinds backdoor, said threat analyst Allan Liska. Three other people said the inquiry so far has determined that the hackers further compromised at least 200 victims, moving within the computer networks or attempting to gain user credentials — what cybersecurity experts call “hands on keyboard” activity. The final number could rise from there.
Integrating ESG aspects in financial sector to benefit all stakeholders:E&Y report
Chaitanya Kalia, Partner and National Leader of Climate Change and Sustainability Services (CCaSS) at EY India, said the COVID-19 pandemic has ascertained the importance of ESG in businesses to manage risks, improve returns and build resilience for a crisis-resilient long-term value creation. ”As we look at the financial sector from the ESG lens, investors need to evaluate environmental and social issues that have a profound and direct role in the economic revival,” Kalia added.
‘Powerful tradecraft’: how foreign cyber-spies compromised America
Revelations of the attack come at a vulnerable time as the U.S. government grapples with a contentious presidential transition and a spiraling public health crisis. And it reflects a new level of sophistication and scale, hitting numerous federal agencies and threatening to inflict far more damage to public trust in America’s cybersecurity infrastructure than previous acts of digital espionage.
IMA moves SC on allowing Ayurvedic docs to perform surgeries
The central government had allowed PG students of Ayurveda to perform various kinds of general surgery and medical procedures, including orthopaedic, ophthalmology, ENT and dental, by notifying an amendment in a gazette notification the CCIM issued in November.
The latest amendment allows PG Ayurveda students to receive formal training for such procedures. The training modules for surgical procedures will be added to the curriculum of Ayurvedic studies.
NGT extends time for constitution of biodiversity management committees
The NGT noted that India is one of the recognised mega-diverse countries of the world, harbouring nearly seven to eight per cent of the recorded species of the world, and representing four of the 34 globally identified biodiversity hotspots.
The Biological Diversity Act, 2002 aims to preserve biological diversity in India and provides mechanism for equitable sharing of benefits arising out of the use of traditional biological resources and knowledge.
Govt must indemnify vaccine makers against all lawsuits: Adar Poonawalla
“We need to have the government indemnify manufacturers, especially vaccine manufacturers, against all lawsuits. In fact, COVAX and other countries have already started talking about that,” Serum Institute of India (SII) Chief Executive Officer Adar Poonawalla . said.
It is because when frivolous claims come up, and something is blown out of proportion in the media, skepticism sets in that definitely something can happen due to the vaccine and to dispel that, the government needs to step in to spread the right information,
He also said that the vaccine makers are going to propose this to the government,
Is Covid-19 Vaccine a victory for Big Pharma
It’s an incredible public relations coup for an industry desperate to rescue its image. Just last month, Purdue Pharma pleaded guilty and has agreed to penalties of more than $8 billion after being prosecuted for its role in America’s horrific opioid crisis. Pfizer set an earlier record for a drug industry fraud settlement in 2009 at $2.3 billion, in a case over its fraudulent marketing of a painkiller, an antipsychotic and other drugs for conditions for which it hadn’t received approval.The turpitude of the pharmaceutical industry is so commonplace that it has become part of the cultural wallpaper. The screenwriters of the 1993 movie