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Star Health absolves security chief in data leak incident
The company said that alleged communication between a hacker and...
No offence made out HC quashes FIR against ex-MD of Go First for ‘data theft’
Wolfgang Prock-Schauer, former managing director, Go First From...
Indian traders face ‘absolute havoc’ as bourse suffers four-hour outage
At 11:40 a.m., the NSE shut down completely for trading, leaving traders wondering what would happen to their open positions.
The incident occurred just ahead of the monthly derivatives expiry on the last Thursday of the month, when traders close or roll over their open positions.
“This was an unmitigated disaster because you need to communicate this proactively. Not one person in the market knew they would shut down the exchange,” Varun Khandelwal, director at Bullero Capital, a New Delhi-based proprietary trading firm.
Online platforms emerging as preferred marketplace for vehicle buyers: Survey
But the pandemic notwithstanding, more than half the people surveyed (54 per cent) were keen to buy a vehicle in 2021 as against one-third (34 per cent) of the respondents who had decided not to make any such purchases this year, it said, adding, the interest in buying vehicles during the pandemic can be explained by the necessity of personal mobility.
India 2nd biggest target of cyber criminals in Asia Pacific in 2020: IBM
Uber’s U.K. Court loss spells a reckoning for Gig work in Europe
“It wasn’t just about Uber, it was about the gig economy,” Rix said. “It’s a bogus, false model of employment, and it’s wrong and people are being exploited.”
The decision nevertheless opens the way for additional claims — and not just from Uber drivers. Those making deliveries for companies like Amazon.com Inc., which uses third-party services that employ freelance workers, as well as other, smaller players, now have a clearer path for challenging the terms of working for their platforms, said Mick Rix, a national officer for the GMB union. The GMB, which has more than 620,000 members, will use the decision to take on other tech platforms, he said.
Damage to United Boeing 777 engine consistent with metal fatigue: NTSB
The focus is more on engine maker Pratt & Whitney and analysts expect little financial impact on Boeing, but the PW4000 issues are a fresh headache for the planemaker as it recovers from the far more serious 737 MAX crisis. Boeing’s flagship narrowbody jet was grounded for nearly two years after two deadly crashes.
Mahindra electric vehicles to power Amazon India deliveries
Mahindra Electric’s “Treo Zor”, a three-wheeler vehicle powered by a lithium-ion battery, has been deployed in major metro cities like Bengaluru, New Delhi and Hyderabad, Amazon India said in a statement.
Workers’ rights under threat as online work surges five-fold – U.N
The ILO found significant inequities in the platform economy, with workers in developing countries earning 60% less than those in developed countries, even after controlling for basic characteristics and types of tasks. More than 70% of taxi drivers reported their average daily number of trips and earnings decreased after a platform took over the market.
Boeing recommends Airlines suspend use of some 777s after United incident
The National Transportation Safety Board (NTSB) said its initial examination of the plane indicated most of the damage was confined to the right engine, with only minor damage to the airplane.
It said the inlet and casing separated from the engine and two fan blades were fractured, while the remainder of the fan blades exhibited damage.
Japan’s transport ministry ordered Japan Airlines Co Ltd (JAL) and ANA Holdings Inc to suspend the use of 777s with P&W4000 engines while it considered whether to take additional measures.
Being more transparent, giving users more control can help build trust in tech: Facebook
”When individuals trust the internet, they will participate more freely…It is also very crucial to protect this segment of the population (new users) from fraud and loss of data because such incidents can materially set them back and undo any progress that they might have made in their digital journey, and then getting them back online requires a disproportionate effort,” Kudva said.
RBI issues master direction to ensure security of digital payments
The Master Direction lays down guidelines for internet banking, mobile payments, card payments, customer protection and grievance redressal mechanism.
“In view of the proliferation of cyber-attacks and their potential consequences, regulated entities should implement, except where explicitly permitted/ relaxed, multi-factor authentication for payments through electronic modes and fund transfers, including cash withdrawals from ATMs/ micro-ATMs/ business correspondents, through digital payment applications,” the RBI said.