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Biden issues executive order to better shield Americans’ sensitive data from foreign foes
US President Joe Biden The officials said activities like computer hacking are already prohibited in the US, but that buying potentially sensitive data through brokers is legal. That can represent a key gap in the nation's national security protections when data is...
Number of ultra-rich in India increases 6 pc last year to 13,263: Knight Frank
Knight Frank India Chairman and Managing Director Shishir Baijal said ''In a transformative era of wealth creation, India stands as a testament to thriving prosperity and burgeoning opportunities in the global economic spectrum. A remarkable surge in its UHNWI...
Hinduja Group to delist Reliance Capital from bourses, shares to be extinguished
“The liquidation value of the equity shareholder of RCL (Reliance Capital) is nil and hence, equity shareholders will not be entitled to receive any payment and no offer will be made to any shareholder of RCL,” according to an exchange filing by RCL Mumbai: Hinduja...
Study finds high rate of lung damage in Indians after acute Covid, experts decode why
"It is clear from the study that lung function is affected more in the Indian population compared to data from other countries across every category of disease severity," said study lead researcher D J Christopher, professor of pulmonary medicine at CMC Vellore...
2 crore tokens for OPD registrations generated through ABHA-based scan and share service: Govt
The service is currently operational in over 3,860 healthcare facilities across 465 districts in 33 states and Union territories. On an average, one lakh patients use the scan and share service daily and save time spent in queues, the statement stated The service is...
Govt highlights GIFT City as funding destination for Startups
''So far, the startup founders have largely used VC from abroad for funding. The government would prefer that they use other avenues for funding including the offshore financing framework that we set up in GIFT City,'' Rajesh Kumar Singh, the secretary of the...
Scientists announce sequencing of 10,000 genomes of Indian population
Creating a database of Indian genomes means that researchers anywhere can learn about genetic variants that are unique to India's population groups and use that to customise drugs and therapies New Delhi: Scientists on Tuesday announced that they have sequenced...
Berkshire posts record profit on insurance, investments
Berkshire Hathaway has reported net underwriting earnings across its re/insurance operations of $5.4 billion for the full year 2023 compared with a loss a year earlier. Warren Buffett’s Berkshire Hathaway on Saturday posted its second straight record annual operating...
Companies to dole out 10 pc average salary hike this year, says survey
'This trend showcases India's strong economic performance and its growing appeal as a hub for innovation and talent. Employees in the automobile, manufacturing & engineering and life sciences in India are projected to see the highest salary increment increases,...
New Zealand set to scrap world-first tobacco ban
Set to take effect from July, the toughest anti-tobacco rules in the world would have banned sales to those born after Jan. 1, 2009, cut nicotine content in smoked tobacco products and reduced the number of tobacco retailers by more than 90% New Zealand will repeal on...
Munich Re sees positive environment in upcoming April and July renewal rounds
``2023 was another successful year for Munich Re. With the exception of systemic risks – such as cyber and pandemic – our appetite for covering existential risks for people and enterprises is far from exhausted, '' said Joachim Wenning, Chair of the Board of...
Govt involvement necessary to manage rising global CAT and Cyber risks: Munich Re
The private sector cannot provide cover for the greatest systemic cyber risks, such as the failure of critical infrastructure or cyber war. But a potential solution to this complex problem is a governmental backstop – a precautionary measure of last resort, Munich Re...
Maha to inspect outlets of global fast-food chains after McDonald’s cheese crackdown
McDonald's biggest India franchisee, Westlife Foodworld, has been defending its use of "real cheese" after media reported that state authorities last year found some products made use of so-called cheese analogues of vegetable oil, rather than real cheese Mumbai:...
NCLT approves Hinduja Group firm IndusInd International Holdings’ resolution plan for Reliance Capital
However, no final decision on the matter can be taken by the lenders of RCL now as the Supreme Court's stand on the Torrent Investment's plea against the second round of auction held by the lenders of RCL is still pending with the apex court Mumbai: The National...
Govt may look at enhanced KYC requirements for certain class of corporates
As many as 26,28,865 companies were registered in the country as on January 31, 2024, and out of the total, 16,65,438 companies, or 63 per cent were active, as per the latest official data New Delhi: The matters related to KYC (Know Your Customer), including a...
Houthi attacks has led to an “environmental disaster” in the Red Sea, US says
The Houthi assaults have continued despite waves of airstrikes by the US and the UK The missile attack by Houthi militants on a ship carrying a cargo of fertilizer has led to an “environmental disaster” in the Red Sea, US Central Command said Friday evening. Hours...
FM Sitharaman stresses on compliance of norms at meet with fintech heads
While the government has made it clear that there can be no compromise over the compliance to regulatory norms, it has also given the assurance that the fintech sector is seen as playing a key role in the Indian economy and various steps have been taken to nurture the...
Aegon Life acquired by Bandhan Financial Holdings
Karni Singh Arha, managing director, BFHL, said, “ Given Bandhan’s focus of making formal financial services available to masses, this acquisition further enhances that endeavour Mumbai: Aegon Life, a digital life insurance company, today announced the transfer of the...