The digital revolution in India is another sector where the country...
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Ayush ministry’s event on Monday for linking Ayush hospitals with insurance industry
The program will discuss the regulatory framework and policy...
Govt directs telecos to block incoming international spoofed calls
"DoT and Telecom Service Providers (TSPs) have devised a system to...
TikTok quits Hong Kong as U.S. giants suspend processing data requests
The U.S. companies’ social media platforms are generally banned in China, where access is blocked by Beijing’s “great firewall”. Most have operated freely in Hong Kong, but will now have to determine how to comply with new rules for the city, which rights groups say threaten freedoms enjoyed for decades.
Facebook (FB.O), which also owns WhatsApp and Instagram, said in a statement on Monday it was pausing reviews of user data requests for all of its services “pending further assessment of the National Security Law.”
Google and Twitter (TWTR.N) said they had suspended their reviews of data requests from Hong Kong authorities immediately after the law went into effect last week. Zoom and Microsoft’s LinkedIn issued similar statements on Tuesday.
Govt may appoint ecommerce regulator; impose stricter rules on Google, Amazon: Report
The suggested norms may mandate that online companies provide the government access to their source codes and algorithms, the report said.
Panel probing deadly south Indian gas leak finds LG Polymers negligent
“There were no proper preventive mechanisms to avert such incidents and the warning siren facility was also not in order,” the Andhra Pradesh government statement on the committee’s findings said
Audi, EnBW to turn electric car batteries into grid support tools
Electric vehicle battery recycling and reuse has become a priority for car and battery makers while renewable energy companies face the problem of how to absorb surpluses of wind and solar power to avoid waste and disruption to the stability of grids, slowing the transition to purely carbon-free energy systems.
SoftBank-backed Lemonade raises $319 million in IPO
Lemonade, started in late 2016, says it has digitized the entire insurance process, replacing brokers and paperwork with algorithms. It says it provides insurance policies to homeowners and renters in as little as 90 seconds and claim payments in three minutes.The IPO values Lemonade at $1.6 billion. That is less than the $2.1 billion it was valued at last year, after it raised $300 million in a funding round led by Japan’s SoftBank and which included insurer Allianz SE and Alphabet Inc’s venture capital arm GV. Lemonade has pursued breakneck revenue growth at the expense of widening losses.
Cybersecurity top priority for Indian CIOs post Covid-19 pandemic:Adobe
“As we rapidly moved from functioning in an increasingly-digital world to one that is digital-only, CIOs have had to pivot their strategies to prioritise the online needs of their customers and employees,” said Scott Rigby, Head of Digital Transformation, Adobe Asia Pacific.
Nearly 98 per cent of organisations across India have seen Covid-19 impact business functioning, with CIOs facing challenges in helping their teams to communicate effectively and having the right technology deployment to ensure smooth business continuity.
AIIMS partners IIT-Delhi to launch app for patients needing plasma therapy
“This app will act as a bridge between patients seeking plasma therapy and are moderately and severely symptomatic and donors who have recovered from COVID-19 and have completed 28 days post recovery,” Dr Verma explained.
AGCS embarks on global overhaul to regain profitability and market leadership
Joachim Mueller, AGCS CEO since December 2019, said “We will now focus our entire business under a new strategic direction. We will put technical excellence in underwriting before growth, simplify and strengthen our global model to ensure that we think and act as one team, and become more efficient, leaner and faster – benefitting us and our clients. Our joint ambition is set high: The ‘New AGCS’ will be the market leader in our target segments. We expect to see significant profitability improvements of our underwriting results from 2021 onwards and aim to achieve the full turnaround and transformation of our company by 2024.”
Car crashes deadlier as drivers speed during lockdowns:Study
-Police in New York said they were aware of the increased speeds and had deployed additional patrols. Data from traffic analytics company INRIX shows speeds in New York City increased 44% from 28 miles (45 km) per hour in April last year to 41 miles (66 km) per hour this April.
– Speeding offenses increased 187% in London during the lockdown compared to the same period a year ago, Cox said, but extreme speeding offenses increased even more — by 236%.
– Despite the overall drop in collisions and fatalities, the fatality rate among crashes was 70% higher in France.
India bans 59 apps including TikTok,WeChat on security concerns
The Indian Cyber Crime Coordination Centre, Ministry of Home Affairs, has also sent an exhaustive recommendation for blocking these malicious apps, the statement said, adding that there has been a strong chorus in the public space to take strict action against apps that harm India”s sovereignty as well as the privacy of citizens.