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PM Modi pitches for framing global dos don’ts for ethical use of technology
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Sebi urges investors to deal with only registered persons & entities
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Govt approves 72 amendments to Companies Act to decriminalise offences: FM
As many as 23 offences would be recategorised out of 66 compoundable offences under the Act. Besides, seven compoundable offences would be omitted, she said.
Sitharaman said the government would remove provisions of imprisonment in various sections and also reduce penalties in case of various compoundable offences.
Britain’s Financial Conduct Regulator admits data breach
The Information Commissioner’s Office, the body responsible for investigating and imposing sanctions on organizations found guilty of breaches of sensitive data, said the FCA had reported the incident and it would assess the information provided.
US expands its reinsurance program,transfers $400 mn in flood risk to capital markets
As part of the agreement, FEMA will pay $50.28 million in premiums for the first year of reinsurance coverage. Additionally, the agreement will cover 3.33 percent of losses for any single flood event with losses between $6 and $9 billion, and 30 percent if that same flood event has losses that rise to $9 to $10 billion.
Aon aligns leadership team, appoints Andersen as President
Most recently, Aon has entered a new phase of its Aon United growth strategy with the rollout of a single colleague mission called the Aon Impact Model, the scaling of its Delivering Aon United client value and sales effectiveness program, the development of the Aon Business Services platform to improve delivery of middle- and back-office client services and the formation of the firm’s New Ventures Group to drive innovation at scale and expand its addressable market.
FPIs remain bullish on India; invest Rs 23,102 crore in February so far
Globally, he said, there has been a risk-off sentiment among foreign investors with the outbreak of coronavirus epidemic. FPIs have been particularly wary of investing in markets, which rely on tourism, as the spread of virus can adversely impact their prospects and economic growth.
US lawmakers to introduce bipartisan Bill aimed at internet firms’ Liability shield
The move is the latest example of how regulators and lawmakers in Washington are reconsidering the need for incentives that once helped online companies grow, but are increasingly viewed as impediments to curbing online crime, hate speech and extremism.
How pharma firms are using Blockchain to track down counterfeit drugs
-“The current point-to-point systems infrastructure lacks the ability to keep data in sync across the healthcare supply chain, which ultimately increases the risk of counterfeit, diverted or otherwise illegitimate products,” David Vershure, head of channel and contract management for Roche’s Genentech unit, said in a statement.
-Among the 24 participating companies are Amgen Inc., FedEx Corp., GlaxoSmithKline Plc, Novartis, AmerisourceBergen Corp., Sanofi, Walgreens Boots Alliance Inc. and Walmart Inc.
-The World Health Organization estimates that counterfeit medicines worth 73 billion euros ($79.26 billion) are traded annually.
Boeing failure to fix 737 Max cockpit light may draw FAA penalty
The fines could accrue quickly. The agency’s enforcement guidelines say large businesses such as Boeing can be assessed $3,000 to more than $34,000 per violation. That could be applied to each of the more than 300 planes on which the alert didn’t work.
Tech Mahindra and Virsec collaborate to deliver advanced Cybersecurity Solutions to customers globally
The Virsec Security Platform stops fileless and in-memory advanced application threats that escape detection by conventional security tools. It also protects applications from the inside, against known and unknown zero-day threats. Virsec patented technology maps acceptable application execution, and instantly detects code execution deviations triggered by cyberattacks. This deterministic process detects and blocks application attacks within milliseconds, with precise forensics at every step.
Coronavirus triggers major dislocation in global supply chains
“All the signs are that there has been a major dislocation in global supply chains and commodity trade as well,” said Caroline Bain, chief commodities economist at Capital Economics. For some products “it’s only going to get worse in February data.”