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Consumers exploring both luxury sustainable mobility alternatives Survey
This growing alignment with hybrids suggests that consumers are...
Cryptocurrencies huge risks to financial stability, RBI Governor
Shantikanta Das,Governor, Reserve Bank of India ``I am actually of...
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”.
Nuclear flash cards: US secrets exposed on learning apps
“By simply searching online for terms publicly known to be associated with nuclear weapons, Bellingcat was able to discover cards used by military personnel serving at all six European military bases reported to store nuclear devices,” wrote Foeke Postma, the author of the Bellingcat article.
Paytm board grants in-principle approval for around Rs 22,000 crore IPO
It is likely to be one of the largest IPOs in India if the company is able to achieve the target as per its plan. Paytm shareholders include Alibaba’s Ant Group (29.71 per cent), Softbank Vision Fund (19.63 per cent), Saif Partners (18.56 per cent), Vijay Shekhar Sharma (14.67 per cent). AGH Holding, T Rowe Price and Discovery Capital, Berkshire Hathaway hold less than 10 per cent stake in the company.
Maharashtra intends to lead in the EV category, say officials
He said some 32,000 electric vehicles in various categories are registered in the state at present.
”The state intends on making the under construction Mumbai Nagpur Expressway and Mumbai Pune Expressway, Mumbai- Nashik and Nashik-Pune highways fully EV ready by 2025,” he said.
India wearables market touches 11.4 mn units in March 2021 quarter: IDC
From style to health monitoring, the wearables have now become one of the most sophisticated devices in recent times. The category is witnessing a constant shift in the competitive landscape with new players entering the segment. The second wave of the pandemic has caused a sudden stir across vendors and channel partners, impacting the planned launches to postpone and delay in deliveries,” Jaipal Singh, Associate Research Manager (Client Devices) at IDC India, said.
Digital divide is there but incorrect to say villages are left out, says CoWIN chief
“The very fact more than half the population in the age group of 45+ are walk-ins and are getting vaccinated, it is proof enough of inclusivity of the system. Obviously problem is occurring in 18- 45 age group because of the fact that supply of vaccine is low. Let me tell you this problem is also a temporary problem, this problem will go away let’s have a little bit of a patience,” he added.
Digitalisation needed for smooth international air travel restart: IATA
“Without an automated solution for COVID-19 checks, we can see the potential for significant airport disruptions on the horizon. Already, average passenger processing and waiting times have doubled from what they were pre-crisis during peak time — reaching an unacceptable three hours,” said Willie Walsh, IATA’s Director General. “And that is with many airports deploying pre-crisis level staffing for a small fraction of pre-crisis volumes. Nobody will tolerate waiting hours at check-in or for border formalities,” he said.