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Here is a masonry blog layout with no sidebarChina orders Didi to be removed from app stores, days after mega US listing
FPIs invest Rs 13,269 cr in Indian markets
EU working to allow acceptance of AstraZeneca’s India vaccine jab, Commission says
White House reaching out with assistance to latest ransomware victims
“The two biggest regions we’ve seen are USA and Germany,” Ross McKerchar, chief information security officer at Sophos Group Plc, said of the impact from the latest ransomware. Those affected included schools, small public-sector bodies, travel and leisure organizations, credit unions and accountants, he said.
Picking up speed, tropical Storm Elsa moves towards south-central Cuba
Elsa had arrived earlier in the day in eastern Cuba, whipping palms with strong winds and bringing a steady downpour along with parts of the southern coast. Miami-based NHC said data from an aircraft indicated maximum sustained winds were near 65 miles per hour (100 km per hour) with higher gusts. It had downgraded Elsa from a hurricane on Saturday.
After Didi, China launches cybersecurity probe into more U.S.-listed firms
The three app-based businesses should halt new user registrations during the review, the the Cyberspace Administration of China said in a statement, adding that the investigations are to “prevent national data security risks and safeguard national security”. The cyberspace agency did not offer further details about the investigation into the three apps, but cited China’s national security law and cybersecurity law.
Suez Canal says deal reached to free seized vessel
At first, the Suez Canal Authority demanded $916 million in compensation, which was later lowered to $550 million.
The authority did not reveal details on the settlement deal with the Shoei Kisen Kaisha Ltd., the Japanese owner of the Ever Given. It said the deal will be singed in a ceremony in the Suez Canal city of Ismailia on Wednesday.
The canal authority will receive a tug boat with a pulling capacity of about 75 tonnes as part of a settlement to release the container ship Ever Given, which blocked traffic at the waterway for six days in March, Rabie told a private TV channel.
Getting athletes to Olympics amid global pandemic a logistics nightmare
Although most athletes have been fully vaccinated and Games organizers require negative Covid tests prior to arrival, there have already been some upsets. Two members of Uganda’s Olympic squad tested positive in Japan last month, despite having been inoculated earlier, and over the weekend, a rower from Serbia tested positive.
Edelweiss General Insurance eyes 80-85 pc of business from health, motor segments: CEO
”Our focus areas remain motor and health and we believe that there are so many ways that we can simplify customers’ experiences and journeys. So our focus will remain motor and health, with 80-85 per cent of the business to come from these two segments,” Shanai Ghosh, Executive Director and CEO, Edelweiss General Insurance, explained.
Amazon launches IP Accelerator programme in India to help businesses secure trademark
Our Intellectual Property Accelerator Program enables businesses to protect their intellectual property, which in turn helps to ensure an authentic shopping experience for everyone,” said Mary Beth Westmoreland, vice-president, technology, brand protection at Amazon,.
To date, six IP law firms – Hasan and Singh, Lexorbis, Sujata Chaudhri IP Attorneys, Amitabha Sen & co, Remfry & Sagar, and H K Acharya & Company – have signed up to be service providers as part of the IP Accelerator programme to support sellers on Amazon.in.
IP Accelerator was launched in the US in 2019, and has since then expanded to Europe, Japan, Canada, Mexico, and now India.
Cadila Healthcare arm recalls 21,240 bottles of diabetes drug in US
The voluntary ongoing nationwide recall in the US is a class-II recall, it added.
As per USFDA, a class-II recall is initiated in a situation in which use of, or exposure to, a violative product may cause temporary or medically reversible adverse health consequences or where the probability of serious adverse health consequences is remote.
Corporate payment delay trend stabilized, but risks and uncertainty remain:Coface Asia Corporate Payment Survey 2021
On economic improvement in 2021,Australian firms were the most optimistic, with 80% of respondents anticipating higher growth, followed by India (76%), China (73%), Malaysia (73%) and Taiwan (71%). In contrast, Japan was the only country where less than two-thirds of respondents (61%) expect an improvement in economic growth during 2021.
By sectors, automotive is the most confident regarding year-ahead sales, with 66% of respondents expecting an improvement. This was followed by energy (64%), metals (64%), paper (63%) and pharmaceutical (61%). The highest proportion of companies anticipating an improvement in cash flows over the next 12 months were found in automotive, agri-food, and pharmaceutical at 55% each, followed by metals (53%), paper (52%), and chemicals (51%).
NGT directs Jindal Saw Ltd to pay Rs 4 cr compensation for damaging houses by illegal blasting
Financial services present large opportunity, says Sachin Bansal
Insurers’ response to COVID-19 pandemic has damaged their reputation, finds GlobalData
Ben Carey-Evans, Insurance Analyst at GlobalData, comments: “The pandemic has undoubtedly been an extremely difficult situation for insurers. Claims in some lines have soared and a lot of lines have become hard to insure. The biggest factor behind the industry’s reputational damage is likely to be the legal battles around business interruption claims throughout 2020.
Didi shares dive as China unveils new cyber probe after mega IPO
The move is to prevent data security risks, safeguard national security and protect public interest, according to a statement from the Cyberspace Administration of China. Didi has halted new user registrations during the probe. The company, which only started trading on Wednesday in New York after an initial public offering, fell 7% to $15.26.
Facebook actioned 30 mn content pieces during May 15-Jun 15, shows compliance report
Under the new IT rules, large digital platforms (with over 5 million users) will have to publish periodic compliance reports every month, mentioning the details of complaints received and action taken thereon. The report is to also include the number of specific communication links or parts of information that the intermediary has removed or disabled access to in pursuance of any proactive monitoring conducted by using automated tools.
Insurance companies remain prime targets for Private Equity:AM Best
private equity firms also have infused considerable amounts of capital to spur rapid growth—a strategy that insurers do not typically execute well. In the first year of private equity ownership, 38% of companies reported increases of over 20% in capital and surplus, rising to 43% in year No. 2 and 50% in year No. 3.