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Israeli Insurtech reaches $1 Billion Valuation

Founded in 2001, Earnix helps its customers provide personalized rates and products using artificial intelligence and analytics. The startup will use the new funds to grow internationally, develop new products and support deals, it said in a statement Sunday.
Israeli startups overall raised a record $1.44 billion in January, with a half-dozen firms announcing funding rounds of at least $100 million, according to a report from Start-Up Nation Central, a non-profit organization that tracks Israel’s tech industry.

GIFT City: Modi’s plan to make a Singapore in Gujarat has fallen flat

In hosting an international financial center, Singapore stole a march over rival Hong Kong, where the bankers were initially against more competition. But it wasn’t tall buildings that made the experiment a success. A freely convertible currency, pragmatic regulation, a stable tax regime, rule of law and speedy dispute resolution played a huge role. (Good schools and pubs helped, too.)

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.

CPSE strategic sale: Govt makes security clearance mandatory for bidders

According to the performa, any interest of more than 10 per cent in the bidding entity would require disclosures of parentage and beneficial ownership to get a security clearance.

In case the acquirer is a sole bidder, then it has to share with the government details, like nationality, address, parentage, unique ID number of the country of residence and passport number, of its directors and partners.

Also a self-declaration regarding the nature and extent of presence/operation of the bidder in China and Pakistan, if any would have to be provided by them.

Govt may consider privatising Oriental Insurance or United India: Report

Both Oriental Insurance and the Chennai-based United India Insurance may be able to generate interest from the private sector because of their improved financials, sources said.

The process of choosing a suitable candidate for privatisation has just started and will take some time to decide, sources said while not ruling out the possibility for listed New India Assurance, where government stake stands at 85.44 per cent.

Max Life outpaces pvt life insurance industry in Apr-Dec, expects over 11 pc biz growth in FY21: CEO

”I think digital is the way forward. For a large organisation, it is extremely important to remain close to customers during COVID-19 times. You make extra efforts to remain in touch with the customers, serve the customer, digitise the customer, continue to communicate again and again. So, that has helped us,” said Max Life Managing Director and CEO Prashant Tripathy t

Maharashtra imposes new COVID-19 lockdowns in some areas

Maharashtra’s Chief Minister Uddhav Thackeray said daily cases in the state had risen to almost 7,000 from about 2,000 earlier this month, demanding stricter measures from Monday to control the spread of the virus in four districts of the state.

“The second wave has been knocking on our door. Whether it has come or not will be confirmed in next eight to 15 days,” he said in a televised address, adding that restrictions could be widened beyond those four districts if necessary.

Delhi reported steep spike in cybercrimes during lockdown period: Police

According to data shared by the city police, 62 per cent of the cybercrimes reported in Delhi were related to online financial fraud, 24 per cent were related to social media and 14 per cent to other cybercrimes.

The data showed that from March to May 2020, when restrictions were in place due to the outbreak of COVID-19, there was a rise in cases related to cybercrimes. It went up from around 2,000 such cases in March to more than 4,000 in May.

Pfizer jab 95.8% effective against Covid: Israel health ministry

Israel’s inoculation campaign is regarded as the world’s fastest, with one dose of the Pfizer/BioNTech vaccine administered to 4.25 million people out of its nine million-strong population since December, according to the latest health ministry figures.

Some 2.88 million people have received the recommended full course of two jabs.

The health ministry said on Saturday the vaccine had proved 95.8 percent effective in preventing coronavirus infection among those vaccinated two weeks after receiving their second shot compared to unvaccinated people, according to data compiled up to February 13.

Will make electric vehicles mandatory for officials of my department, says Gadkari

“If 10,000 electric vehicles are brought into use in Delhi, then about Rs 30 crores per month spent on fuel can be saved and it will reduce pollution. I will make electric vehicles mandatory for officials of my department,” he said. Gadkari also said that electric fuel is a major alternative for fossil fuels which have an import bill of Rs 8 lakh crores.

Upsurge in daily new COVID-19 cases in Kerala, Maharashtra, Punjab, Chhattisgarh and MP: Govt

Only two states, Maharashtra and Kerala, account for 75.87 per cent of total number of active COVID-19 cases, the ministry added.

The ministry said nine states have administered more than five lakh doses each. These are Uttar Pradesh (11,52,042), Maharashtra (8,60,386), Gujarat (8,56,657), Rajasthan (7,99,719), West Bengal (6,50,976), Karnataka (6,29,420), Madhya Pradesh (6,26,391), Bihar (5,50,433) and Odisha (5,01,713).

World’s biggest emitters like China, India, Russia, need to step up and lower emissions: John Kerry

Under the Paris climate change agreement signed in 2015, India has committed to cut GHG (Green House Gas) emissions intensity of its GDP by 33-35 per cent, increase non-fossil fuel power capacity to 40 per cent from 28 per cent in 2015, add carbon sink of 2.5-3 billion tonne of CO2 per annum by increasing the forest cover, all by 2030.