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SIRC announces panel line-up, Sets stage for crucial conversations to shape re/insurance industry’s future
Andreas Berger, Group CEO, Swiss Re After the keynote address by...
Star Health communications focus on leak distribution instead of potential vulnerabilities Telegram
"The more pressing question that remains largely unaddressed is how...
Fintech players get $2.7 bn from VCs in 2020: Report
As against this, global fintech investments stood at a whopping $105 billion across 2,861 deals in the year, the third-highest annual total ever, as per the data collated by KPMG India.
Specialty insurer and reinsurer SiriusPoint launches with over $3bn in capital
“We aspire to be a disruptive force in the industry and drive technology innovation – with skilled underwriting at the core of everything we do. We have set a goal to challenge the status quo and define new ways of conducting business with diversity of thought and expertise. I am very excited about our future. We are building a company and a culture we can be proud of.”
Govt sets 50 lakh users threshold to define ‘significant social media intermediary’ under IT rules
The move aims to make social media platforms like Facebook, WhatsApp, Twitter and Instagram – which have seen a phenomenal surge in usage over the past few years in India – more accountable and responsible for the content hosted on their platform.
Boeing to pay $6.6 million to FAA over safety lapses
The new settlement covers FAA allegations that Boeing managers exerted undue pressure on Boeing workers performing certification duties for the FAA at the company’s South Carolina plant. The FAA also alleged Boeing “failed to follow its quality control processes” and “interfered with an airworthiness inspection of a Boeing 787-9.”
Indian Insurance industry has recovered, pays Rs 9,000 crore Covid-19 pandemic claims :IRDAI Chief
While stressing the importance of Customer Data privacy, Khuntia added that the usage of data beyond a point of granularity should be avoided and insurers should not deny a coverage to the people on the ground, which is not under the control of the customers.
He was addressing a seminar on the theme of “Navigating Uncertainty: Insight-Driven Innovation “ organized by National Insurance Academy, in association with Swiss Re, on Friday.
Govt plans two-day halt in vaccinations for software upgrade to widen campaign
“The countrywide vaccination exercise is being exponentially expanded,” the ministry said in a statement, adding that a new version of its Co-Win digital platform was being rolled out at the weekend.
Co-Win, wrapped into a government mobile telephone app, is being widely used to fix vaccination appointments, allow health authorities to monitor supplies and download proof of immunisation.
India tightens regulatory grip on Facebook, WhatsApp with new rules
India is the largest market by user numbers for both Facebook and WhatsApp.
The new rules issued by the government, called the Intermediary Guidelines and Digital Media Ethics Code, will be legally enforceable.
They will require big social media companies to set up a grievance redressal mechanism and within three months appoint new executives to coordinate with law enforcement.
Trading on India’s largest stock exchange halted by telecom breakdown
“The NSE outage is unfortunate, especially for this long. Global exchanges should have adequate backups to ensure that even if there is an outage it’s restored fast,” said Sandip Sabharwal, a Mumbai-based fund manager.
“Asian markets saw a significant crash on Wednesday, and at such times, price discovery real-time becomes even more important.”
RBI concerned over impact of cryptocurrency may have on financial stability: Das
”We have certain major concerns about cryptocurrencies. We have communicated them to the government. It is under consideration in the government and I do expect and I think sooner or later the government will take a call and if required Parliament also will consider and decide,” Governor Shaktikanta Das said .
India plans new social media controls after Twitter face-off
The latest draft rules – which would be legally enforcable -say companies should remove content as early as possible, but not later than 36 hours, after a government or legal order.
They must also assist in investigations or other cyber security-related incidents within 72 hours of a request. Further, if a post depicts an individual in any sexual act or conduct, then companies must disable or remove such content within a day of receiving a complaint, the rules added.