The statement comes after the company was made party to an Indian...
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Toyota cheated on forklift engine emissions, lawsuit in US claims
Toyota suspended some forklift sales in Japan in March 2023 because...
MP govt will take all steps to protect IPR in view of future challenges: CM Yadav
In the coming days, challenges will arise regarding determination...
Number of active internet users in India likely to reach 900 mn by 2025, rural may lead: IAMAI
”Vernacular, Voice and Video will emerge as the game changers for the digital ecosystem over the next few years,” Biswapriya Bhattacharjee, Executive Vice President, Insights Division, Kantar said in a statement on the report.
”While internet users grew by 4 per cent in urban India — reaching 323 million users (67 per cent of urban population) in 2020, digital adoption continues to be propelled by rural India – clocking a 13 per cent growth to 299 million internet users (31 per cent of rural population) over the past year,” the report said.
Google women in US suing over gender bias win class-action status
A San Francisco state judge certified the class action Thursday, allowing the four lead plaintiffs to represent 10,800 women over claims that Google pays men more for doing the same job. A previously disclosed analysis showed that the case seeks more than $600 million in damages. The women allege violations of California’s Equal Pay Act, one of the strongest measures of its kind nationwide.
Safety ratings yanked after Tesla pulls radar from 2 Models:Consumer Reports
“If a driver thinks their vehicle has a safety feature and it doesn’t, that fundamentally changes the safety profile of the vehicle,” David Friedman, Consumer Reports’ vice president of advocacy, said in a statement. “It might not be there when they think it would save their lives.”
Google claims new IT rules not applicable to its search engine, HC seeks Centre’s stand
The single judge’s decision had come while dealing with a matter in which a woman’s photographs were uploaded on a pornographic website by some miscreants and despite court orders the content could not be removed in entirety from the World Wide Web and “errant parties merrily continued” to re-post and redirect it to other sites.
Tencent-owned startup reinsurer FuSure receives license for Hong Kong operation
With an initial capitalisation of HKD 1 billion (approximately USD 129 million), the company is 85.01% owned by Tencent Holdings Limited (Tencent), a technology conglomerate listed on the Hong Kong Stock Exchange, and 14.99% owned by Grand Azure Limited, a privately owned investment company.
Scott Sayce appointed Global Head of Cyber at Allianz Global Corporate & Specialty
In 2020, AGCS generated more than EUR 100 million gross premium written with cyber insurance solutions globally. In March 2021, AGCS announced a partnership with Google Cloud and Munich Re offering a unique cyber risk management solution for cloud customers.
Chubb report reveals risk and uncertainty faced by digital SMEs
Chubb partnered with Accenture to survey small and mid-sized businesses in nine markets around the world and the results revealed four mega-trends that impact businesses pursuing digital transformation.
German ‘insurtech’ Wefox raises $650 mln at valuation of $3 bln
Wefox founder and CEO Julian Teicke told Reuters the Series C round had drawn strong investor demand because Wefox was growing both rapidly and more profitably than rival online insurers that are losing money.
He put that down to Wefox’s strategy of offering digital tools that enable insurance agents to streamline and automate labor intensive processes. Agents sell nine out of every 10 policies in Europe, leaving direct-to-consumer competitors like Lemonade fighting for a smaller piece of the market.
Global chip supply shortages could take couple of years to address: Intel CEO
Intel CEO Pat Gelsinger noted that the work and study-from-home trends during the COVID-19 pandemic have led to a ”cycle of explosive growth in semiconductors” that has placed huge strain on global supply chains around the world
Biden budget sets aside $750 mln for SolarWinds response
The money comes on top of a $500 million fund for federal cybersecurity as the U.S. government recovers from the cyber attack that hit nine agencies including the State Department and Treasury.
The hack of information technology company SolarWinds, which was identified in December, gave access to thousands of companies and government offices that used its products. Microsoft President Brad Smith described the attack as “the largest and most sophisticated attack the world has ever seen”.