Category:

Technology

Stock exchanges, other officials liable to face penalties for tech glitches: Sebi

Stock exchanges, clearing corporation and depositories will have to pay in the range of Rs 1 lakh each working day to Rs 2 crore for flouting Standard Operating Procedure while Managing Director (MD) and Chief Technology Officer (CTO) of the MIIs concerned will have to cough up 10 per cent of their respective annual pay.

To avoid technical glitches, Sebi has suggested that MIIs should have Business Continuity Planning, disaster recovery policies and system audit processes in place.

read more

9 trends to watch as aviation readies for post Covid-19 takeoff

Says Cristina Schoen, Global Head of Aviation Claims at AGCS,”Covid-19 has not been a direct driver of aviation claims over the past year .
As a result of the significant reduction in commercial airline travel during the pandemic we saw fewer attritional claims than we would during a typical year. However, the insurance sector was not immune to larger losses during the course of the pandemic, with different regions seeing tragic accidents, emergency landings and hull losses to name a few. As air travel begins to return to pre-pandemic levels we expect claims volume to rise accordingly”

read more

After Didi, China launches cybersecurity probe into more U.S.-listed firms

The three app-based businesses should halt new user registrations during the review, the the Cyberspace Administration of China said in a statement, adding that the investigations are to “prevent national data security risks and safeguard national security”. The cyberspace agency did not offer further details about the investigation into the three apps, but cited China’s national security law and cybersecurity law.

read more

Amazon launches IP Accelerator programme in India to help businesses secure trademark

Our Intellectual Property Accelerator Program enables businesses to protect their intellectual property, which in turn helps to ensure an authentic shopping experience for everyone,” said Mary Beth Westmoreland, vice-president, technology, brand protection at Amazon,.
To date, six IP law firms – Hasan and Singh, Lexorbis, Sujata Chaudhri IP Attorneys, Amitabha Sen & co, Remfry & Sagar, and H K Acharya & Company – have signed up to be service providers as part of the IP Accelerator programme to support sellers on Amazon.in.

IP Accelerator was launched in the US in 2019, and has since then expanded to Europe, Japan, Canada, Mexico, and now India.

read more

Corporate payment delay trend stabilized, but risks and uncertainty remain:Coface Asia Corporate Payment Survey 2021

On economic improvement in 2021,Australian firms were the most optimistic, with 80% of respondents anticipating higher growth, followed by India (76%), China (73%), Malaysia (73%) and Taiwan (71%). In contrast, Japan was the only country where less than two-thirds of respondents (61%) expect an improvement in economic growth during 2021.

By sectors, automotive is the most confident regarding year-ahead sales, with 66% of respondents expecting an improvement. This was followed by energy (64%), metals (64%), paper (63%) and pharmaceutical (61%). The highest proportion of companies anticipating an improvement in cash flows over the next 12 months were found in automotive, agri-food, and pharmaceutical at 55% each, followed by metals (53%), paper (52%), and chemicals (51%).

read more

Smartphones, digital technology not making people dumber: Study

Computers, tablets and smartphones, he says, function as an auxiliary, serving as tools that are good at memorization, calculation and storing information and presenting information when you need it.

Additionally, smart technology augments decision-making skills that we would be hard-pressed to accomplish on our own, says the paper’s lead author Lorenzo Cecutti, a PhD candidate at the University of Toronto.

read more

Govt may issue guidelines for ‘flex-fuel’ vehicles by October

The government is also working on an incentive scheme to promote manufacture and use of flex engines in vehicles. The details would be specified when policy in this regard is unveiled.

The use of flexible fuel vehicles (FFVs) is being actively looked at by the government to ensure increased use of bio-fuels for running vehicles, Petroleum Secretary Tarun Kapoor had told IANS earlier.

read more