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“Reinsurance capacities in India may be required only for property, agri and specialty lines like aviation & cyber”
N Ramaswamy, CMD, GIC Re The effort from the Regulator is to create...
Assessing AI: 73% of enterprises have launched AI, 52% of deployments achieving business value, Infosys Survey
Sumit Virmani, EVP and Global Chief Marketing Officer, Infosys,...
IT cos to slash 3 million jobs; 30% of low-skill force by 2022: BoA
The domestic IT sector employs around 16 million, of them around 9 million are employed in low-skilled services and BPO roles, according to Nasscom. Of these 9 million low-skilled services and BPO roles, 30 per cent or around 3 million will be lost by 2022, principally driven by the impact of robot process automation or RPA.
GM boosts spending on electric vehicles, to add two new U.S. battery plants
“EV adoption is increasing and reaching an inflection point,” GM Chief Financial Officer Paul Jacobson told reporters on a conference call. “We want to be ready to be able to produce the capacity that we need to meet demand over time.”The No. 1 U.S. automaker said it will now spend $35 billion through 2025 on EVs, an increase of 75% from March 2020 before the COVID-19 pandemic shut down the industry.
Alibaba victim of huge data leak by consultant: Chinese Court
A central Chinese court ruled that an employee of a consultant that helps merchants on Alibaba’s Taobao online mall was guilty of dredging up more than a billion data items on Taobao users since 2019, using that to serve clients. The court imposed jail terms of more than three years on the staffer and his employer, alongside fines totaling 450,000 yuan ($70,260).
NHAI makes monthly drone survey mandatory for all NH Projects
Since these videos will be permanently stored on the ‘Data Lake’, they can also be used as evidence during the dispute resolution process before Arbitral Tribunals and Courts.
Indian tech firms struggling with Covid-19 trauma
Indian tech firms help young workers in Covid trauma
There is a cultural hurdle companies need to cross as they help staff. Consulting a psychologist or a psychiatrist is often taboo in India so companies sometimes camouflage their support. Workers are given access to “life coaches,” not psychologists, and they’re measured on a “happiness index,” rather than an anxiety or depression scale.
Twitter loses intermediary status over non-compliance with new rules
“The provisions for significant social media intermediaries under the Rules have already come into force on May 26 2021 and it has been more than a week but Twitter has refused to comply with the provisions of these Rules. Needless to state, such non-compliance will lead to unintended consequences including Twitter losing exemption from liability as intermediary available under section 79 of the Information Technology (IT) Act, 2000. This has clearly been provided under rule 7 of the aforesaid Rules,” it said.
Hong Kong watching Chinese nuclear plant after leak reported
Government data showed radiation levels in Hong Kong were normal Monday night, Chief Executive Carrie Lam said. Data on Tuesday from the Hong Kong Observatory showed radiation still normal.
A French company that helps manage the Taishan Nuclear Power Plant in Guangdong province said Monday it was dealing with a performance issue. It said the facility was operating within safe limits.
3 in 4 Indian workers keen on flexible remote work, says Microsoft report
“As every organisation fundamentally reimagines itself for the hybrid work era, we are collectively learning and innovating on how we will shape the future of work in India. It’s time to embrace work as a frame of mind, not a place you go,” said Rajiv Sodhi, Chief Operating Officer, Microsoft India.
No cyber breach into National Informatics Centre email system, says govt
The email system is “totally safe and secure”, the Ministry of Electronics and IT said while dismissing a report claiming that data breaches in organisations such as Air India, BigBasket and Domino’s had exposed email accounts and passwords of NIC emails to hackers.
Fed-up young workers fear they need offices to save their careers
Despite a majority under 30 saying remote work made them more productive, over half of the survey’s respondents across Europe–ranging in age from 18 to 45–say they feel anxious about a lack of training and career opportunities when thinking long-term about the future of work.