Risk Management

Cyclone Titli in India; resultant storm surge, high winds and inland flooding killed at least 85 people and prompted economic damage above USD920 million

U.S. Agencies Split Over Cell Phone Cancer Risk

Nov 7, 2018 | International News, Risk Management, Technology

“We believe that the link between radio frequency radiation and tumors in male rats is real, and the external experts agreed,” said John Bucher, the toxicology agency’s senior scientist

Crashed Lion Air Boeing Jet Previously Had Problems with Altitude, Speed Sensors

Nov 7, 2018 | International News, Reinsurance, Risk Management

Erroneous sensors could be an explanation for the flight track data, said John Cox, president of Safety Operating Systems and a former airline pilot. But Cox and others cautioned that it’s too soon to say what happened on the Lion Air flight and some of the flight data — such as speeds that weren’t extreme and none of the highly abrupt maneuvers that preceded the Air France jet’s loss of control — may suggest some other cause

Data of almost all Pakistani banks hacked: Report

Nov 6, 2018 | International News, Risk Management

The State Bank of Pakistan (SBP) has been informed by several commercial banks that they have blocked international payments on debit and credit cards as a precautionary measure following cyber attacks on the accounts of their clients, the Dawn reported quoting sources.Data of over 8,000 account holders of about 10 Pakistani banks was sold in a market of hackers, the report said quoting a digital security website krebsonsecurity.com.

TCS faces US jury over why it fires so many Americans

Nov 5, 2018 | International News, Risk Management

Mumbai-based TCS denies any unlawful bias in its U.S. operations and says in court filings that the Caucasian American leading the lawsuit was removed from one of its projects and ultimately terminated over “performance concerns.” TCS said it can’t comment specifically on the pending litigation, but believes it has a strong case and will prevail at trial.

Over Rs 83 lakh penalty imposed for violating pollution norms: CPCB

Nov 4, 2018 | Indian News, Risk Management

A total of 119 complaints of construction and demolition activities were received. Other complaints included that of vehicular emission, traffic congestion, industrial emission, open or garbage burning, leaf burning, road dust, unpaved road, fire in landfill sites, air pollution from generators among others

1,198 corporates admitted under IBC: Official

Nov 4, 2018 | Indian News, Risk Management

IBBI’s Chief General Manager I. Sreekara Rao said around 192 cases, regarding preferential, fraudulent, undervalued and extortionate (PFUE) transactions, have so far been filed before different benches of National Company Law Tribunal (NCLT)

India’s digital journey to accelerate with stronger safeguards: UIDAI CEO

Nov 4, 2018 | Indian News, Risk Management, Technology

The Supreme Court had in a landmark verdict in September restricted the use of Aadhaar authentication by private entities in the absence of a legal provision, but allowed its mandatory use for welfare schemes, filing of Income Tax (IT) returns and allotment of Permanent Account Number (PAN).

Delhi HC directs e-commerce site to ensure products for sale on portal are not counterfeits

Nov 4, 2018 | Indian News, Risk Management

“In the world of e-commerce, intellectual property (IP) owners face challenging times. This is because sellers of counterfeit or infringing products seek shelter behind the platform’s legitimacy.Moreover, if the sellers themselves are located on foreign shores and the trade mark owner cannot exercise any remedy against the seller who is selling counterfeits on the e-commerce platform, then the trade mark owner cannot be left remediless,” the court said.