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China’s Kuaishou shares fall to near five-week low after livestreaming cyberattack
The closest rival to TikTok’s Chinese version Douyin on Tuesday...
South Korea online retailer Coupang faces US securities class action over massive data breach
The lawsuit, filed last week in federal court in California, claims...
Dieselgate: Volkswagen’s $54 million settlement with Italian owners
In the settlement, over 60,000 car owners affected by the emissions fraud will be paid up to 1,100 euros each, Italian consumer group Altroconsumo said in a statement. The scandal rocked the automotive industry in 2015 when it emerged that vehicles had been fitted...
Buffett ends suspense, reveals Berkshire’s $6.7 billion stake in insurer Chubb
Warren Buffett, chairman, Berkshire Hathaway Buffett’s Berkshire is deeply familiar with the insurance industry, owning a range of companies including Geico and National Indemnity. The billionaire investor has called Berkshire’s property-casualty insurance operation...
Digital Competition Bill: Strengthen existing regulatory bodies like CCI, NCLAT, says Nasscom
While there may be an enforcement concern, it is pertinent to examine the resource challenge of the Competition Commission of India (CCI) that looks into anti-market practices of the Big Tech platforms New Delhi: As India aims to adopt the Digital Competition Bill to...
World’s super-rich club now has 15 members with fortunes over $100 billion
The combined net worth for these people is up 13 per cent this year to $2.2 trillion, according to the Bloomberg Billionaires Index, beating the pace of inflation and the broader stock market. Between them, they hold nearly a quarter of the wealth of the world’s 500...
Despite geo political challenges Indian exports to grow in FY25: Crisil Report
India's exports in April recorded positive growth in the face of the ongoing disruptions in global trade routes and uneven global growth. Imports, meanwhile, saw steeper growth, leading to a wider trade deficit Mumbai: India's trade deficit faces limited near-term...
Space data fuels India’s farming innovation drive
"We are on a surer footing when it comes to agricultural practices; (using satellite data) safeguards us from climate change, pest and disease, problems with irrigation scheduling," Lokeswara Reddy, an Indian contract farmer with global giant Syngenta. Lokeswara...
98% Indian firms surveyed admit to loss of sensitive information in 2023: Rubrik
According to the report, healthcare organisations experienced 50 per cent more encryption events than the global average across 2023 and cloud continues to drive inherent risk and security blind spots as 70 per cent of all data is typically not machine readable by...
SEBI open to oversight of crypto trade, in contrast to Reserve Bank
Sebi said it could monitor cryptocurrencies that take the form of securities as well as new offerings called Initial Coin Offerings (ICO). It could also issue licenses for equity market-related products, said the person aware of the panel's discussions Mumbai: India's...
Aurm Partners with TATA AIG to offer high-end safe vaults with up to Rs 25 lakh insurance coverage
Aurm, a Bangalore based firm securing vault services has announced a strategic partnership with TATA AIG General Insurance to provide comprehensive insurance coverage up to Rs 25 lakh to Aurm customers for their entrusted valuables. Aurm partners with banks and real...
SBI Gen unveils first industry-wide policyholder servicing e-platform
Kishore Poludasu, MD & CEO, SBI General Insurance This platform allows customers to aggregate their insurance portfolio through an electronic Insurance Account (eIA) and conveniently manage it through a one-stop digital platform-BIMA Central Mumbai: SBI General...