HP had bought Autonomy for $11.1 billion in 2011 in one of the UK’s...
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Average annual NatCat losses for global insurance industry reaches new high of $151 billion: Verisk
“While actual annual insured losses over the past five years have...
Prasun Sikdar set to become the first CEO of Bima Sugam
Prasun Sikdar,MD & CEO designate, Bima Sugam India Federation...
Twitter says will not fully comply with India govt orders to take down some accounts
The government has played hardball, sending Twitter a notice of non-compliance last week that threatens its executives with jail terms of up to seven years and the company with fines if it does not block the content. Twitter said it had suspended more than 500 accounts that were engaging in clear examples of platform manipulation and spam, and had also taken actions on hundreds of others that breached its rules relating to the inciting of violence and abuse.
Personal care, Beauty and Wellness segment leads in E-commerce volume Q4 2020: Report
Partner, Kearney, Siddharth Jain, said”The Personal Care, Beauty & Wellness category is an incredibly interesting area of growth online, as it has seen stupendous volume growth of over 95 per cent in Q4-2020, as compared to the same period last year”.
AXA XL appoints new global chief underwriting officer for Cyber
New Delhi: AXA XL announced that Michael Colao has joined as Global Chief Underwriting Officer, Cyber, reporting to the recently promoted Global Chief Underwriting Officer for Financial Lines, Libby Benet. Commenting on the development,Benet said: “Michael...
Lloyd’s launches global resilience platform for systemic risks
“The COVID-19 pandemic has shown that a hypothetical systemic risk, is never far from becoming a reality and that we must do everything we can to prepare and mitigate against the worst impacts of the constantly changing and challenging risk landscape,” commented John Neal, CEO of Lloyd’s.
IRDAI asks insurers to promote Govt’s Digilocker for e-storing their policy documents
Digilocker is an initiative under the Digital India program by the Government of India where citizens can get authentic documents/ certificate in digital format from original issuers of these certificates.
The insurers should inform their retail policyholders about Digilocker and how to use it. Insurers are also advised to enable the process by which the policyholders can place their policies in the digilocker., said the IRDAI.
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Govt to soon bring bill on crypto currencies: MoS Finance Anurag Thakur
Thakur said regulatory bodies like RBI and SEBI do not have any legal framework to directly regulate crypto currencies as they are not currencies, assets, securities or commodities issued by identifiable users.
Govt asks people to register as cyber crime volunteers to check unlawful online content
The project known as Indian Cyber Crime Coordination Centre (I4C) is an initiative of the Union Ministry. It was started in militancy-hit Jammu and Kashmir last week where the police issued a circular asking citizens to register themselves as volunteers.
Joint Panel on Data Protection Bill can submit its report by 15 March
Opposition parties had criticised the central government for a growing “snooping industry” under its watch and alleged that the bill violated the Constitution of India. Electronics and Information Technology Minister Ravi Shankar Prasad had refuted the charge.
Exxon unveils carbon-removal tech venture in green image push
The move comes as Exxon looks to burnish its environmental credentials as it engages in a proxy fight with hedge fund Engine No. 1, which is attempting to appoint candidates on the oil company’s board and push toward a more renewables-focused future.
The oil major said it would invest $3 billion on lower-emission solutions through 2025, by which time it plans to reduce the intensity of its oilfield greenhouse gas emissions by 15%-20% from 2016 levels.
Police seize $60 million of bitcoin! Now, where’s the password?
Bitcoin is stored on software known as a digital wallet that is secured through encryption. A password is used as a decryption key to open the wallet and access the bitcoin. When a password is lost the user cannot open the wallet.