Under the revised framework, Sebi said, the stock brokers can...
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PB Fintech floats a healthcare subsidiary for aligning interests between insurers and hospitals
PB Fintech had clarified that it's planned foray into healthcare...
Over 1.5 lakh startups recognised by government till October
Under the Startup India initiative, the Government is implementing...
China plans to ban U.S. IPOs for data-heavy tech firms – WSJ
Officials from China’s stock regulator have told some companies and international investors in recent weeks, that the new rules would prohibit internet firms holding a swath of user-related data from listing abroad, according to the report.
Microsoft warns thousands of cloud customers of exposed databases
Microsoft told Reuters that “customers who may have been impacted received a notification from us,” without elaborating.
The disclosure comes after months of bad security news for Microsoft. The company was breached by the same suspected Russian government hackers that infiltrated SolarWinds, who stole Microsoft source code. Then a wide number of hackers broke into Exchange email servers while a patch was being developed.
Tech companies pledge billions in cybersecurity investments
Google has committed to invest $10 billion in cybersecurity over the next five years, money aimed at helping secure the software supply chain and expand zero-trust programmes.
India’s wearable mkt logs over 118% growth to 11.2 mn units in Q2: IDC
The second wave of COVID-19 had a marginal impact as the overall wearable (which includes smartwatches, wrist bands and earwear) shipments declined by 1.3 per cent sequentially in the June quarter. Partial lockdowns, weekend curfews, and disrupted supply chains resulted in a skewed slump in the early-quarter shipments, IDC said.
Air taxis will be possible in coming days under drone rules: Scindia
“That time is not far when taxis, like the ones of Uber etc that you see on roads, you will see in the air under the drone policy. I believe this is very much possible,” he added.
In a notification dated August 25, the Ministry of Civil Aviation eased the rules regarding drone operations in the country by reducing the number of forms that need to be filled to operate them from 25 to 5 and decreasing the types of fees charged from the operator from 72 to 4.
Lloyd’s forms partnership to deliver faster claims service through geospatial technology
The GEO platform will provide the Lloyd’s market with real-time analysis of global perils including storms, wildfires and flooding. The data, which includes innovative resolution drone imagery, allows Lloyd’s market insurers to instantly assess damages at a time when physical access to the risk location may be limited following a natural catastrophe.
Satellite imaging combined with other intelligence data sources is an innovative way of assessing damage to insured infrastructure and businesses. The technology will help insurers support customers around the world during periods of crisis, whilst reducing operational costs and the carbon footprint of insurers.
Millions of Microsoft-stored data records mistakenly exposed
Among the 47 affected organizations were American Airlines, Ford, JB Hunt and public agencies such as the Maryland Department of Health and New York City’s public transit system.
They all used a Microsoft product called Power Apps, which allows for the creation of websites and mobile apps to interact with the public.
IBM’s new processor to detect fraud in real-time
It features an innovative centralised design, which allows clients to leverage the full power of the AI processor for AI-specific workloads, making it ideal for financial services workloads like fraud detection, loan processing, clearing and settlement of trades, anti-money laundering and risk analysis.
Munich Re unveils predictive technology for life insurers
ALLFINANZ Predictor allows clients to seamlessly deploy cutting edge predictive modelling technology into their underwriting process.
Tobias Frenz, Head of Digital Solutions Life & Health, Asia Pacific, Middle East and Africa for Munich Re said: “The co-creation of model development by Munich Re’s AI and Analytics team, and deployment with ALLFINANZ Predictor, has led to the successful launch of the first comprehensive predictive underwriting solutions for life and health insurance in Asia Pacific. This marks the beginning of a new era in underwriting using AI, rules and data to fundamentally transform the onboarding experience.”
Govt to launch incentive scheme to support 75 start-ups in areas of telemedicine, digital health
”The government will soon launch a special incentive scheme to support 75 start-ups in areas of telemedicine, digital health and artificial intelligence to coincide with the ‘Azadi ka Amrit Mahotsav’ being celebrated from August 15 this year,” the minister said.