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India & US to collaborate on health and to counter ransomware

The White House said both India and the US are committed to continued partnership on cybersecurity, to include efforts to promote critical infrastructure resilience, collaboration to counter cyber-enabled crime such as ransomware, and cooperation to address shared cyber threats, including through workforce development, and exploring common cyber standards and promoting secure software development.
The White House noted that over the 50 years, the US Centers for Disease Control and Prevention (CDC) has successfully collaborated with the Indian government to address India’s public health priorities.

US, India launch task forces on Hydrogen, Biofuels to expand clean energy technologies use

Apart from it, the US invited India to participate in the Agriculture Innovation Mission for Climate (AIM for Climate), which will be launched at COP26 in November. AIM for Climate has the goal of increasing and accelerating global innovation on agriculture and food systems in support of climate action. The United States looks forward to working with India to support the conclusion of a contract to build six Westinghouse Electric Company AP-1000 nuclear reactors in Kovvada, India, and looks forward to a completed techno-commercial offer soon. Once completed, the Westinghouse project will provide clean, reliable power to millions of Indians.

WPP settles with US SEC charges of bribery in India, other FCPA violations; to pay $19 mn to watchdog

Issuing an order after accepting WPP’s offer to settle the matter, the Securities and Exchange Commission (SEC) said the bribery scheme took place at a WPP’s majority-owned subsidiary in India, which through intermediaries paid as much as a million dollars in bribes to Indian officials to obtain and retain government business.

MSMEs vulnerable to cyber threats with growing digitalisation: Officials

There is a need to equip these businesses with knowledge and hands-on training on how to identify and combat these threats, and, become more cyber-resilient, Union MSME ministry’s director SK Sahoo said.

Cyber security remains an “area of serious concern” for the MSMEs, and the vulnerabilities of these businesses stem from several factors such as “lack of understanding of cyber security risks, less prioritisation for safety and limited capital allocation, he said in a workshop here.

Allianz is said planning to offload large U.S. life portfolio

Such deals are attractive to insurers as it helps them manage risk. These insurance blocks have become popular targets for private equity buyers including Apollo Global Management Inc., which set up Athene Holding Ltd., and KKR & Co. as they seek to eke out returns in a low interest-rate environment. American International Group Inc. agreed in July to sell a stake in its life-insurance and retirement-services business to Blackstone, which will also manage some of the unit’s assets. U.S. insurer Prudential Financial Inc. said last week it would sell an annuities subsidiary for $1.5 billion to Carlyle-backed Fortitude Group Holdings LLC. 

Digital cos’ data hegemony may lead to ‘attention economy’, says CCI chief

While noting that rapid changes are happening in markets, which are increasingly shifting towards a digital platform-centric configuration,Competition Commission chief Ashok Kumar Gupta also pointed out that these platform markets are by their very nature “winner-takes-all or winner-takes-most”.

“Network effects, access to large amounts of data, economies of scale and scope, induced behavioural biases among consumers etc., in digital markets, may heighten market concentration and result in the creation of impermeable entry barriers,” Gupta said.

WNS Cares Foundation Partners with CHILDLINE India to Empower Over 7 Lakh Children on Cybersafety

”Cybersafety has become a crucial aspect within the larger issue of child safety, especially in the wake of the pandemic due to the unprecedented unsupervised online exposure that children are experiencing. We are pleased to collaborate with WCF to seed cybersafe behavior among children,” said Dr. Anjaiah Pandiri, Executive Director, CHILDLINE India Foundation (CIF).

Delhi Police to prepare list of 100 ‘bad drivers’, recommend them to attend road safety classes, counselling

“A list of 100 bad drivers will be prepared by the police, who often put other lives at risk by jumping the red light or indulging in rash driving and overspeeding. Letters will be sent at their homes in which we will recommend them to visit classes and counselling sessions on road safety. Classes in physical and video conference mode are available for all,” Chander told ANI.

Govt shortlists 4 law firms for LIC IPO

Now, Cyril Amarchand Mangaldas, India’s largest law firm, Shardul Amarchand Mangaldas, Crawford Bayley and Link Legal have bid to work on the IPO and will make presentations to a government committee on Friday to qualify, a government notification said on Thursday.