Indian

Ex-director seeks to stall $2 bln Paytm IPO, company calls it harassment

Aug 13, 2021

Irrespective of what the regulator decides, the dispute could become a legal headache ahead of the much-awaited IPO of Paytm, which counts China’s Alibaba and Japan’s SoftBank among its investors. Neither responded to a request for comment.

At the heart of the dispute is a one-page document signed between Saxena and Paytm’s billionaire CEO, Vijay Shekhar Sharma, in 2001. Seen by Reuters, it says Saxena was to get a 55% equity stake in Paytm’s parent, One97 Communications, with Sharma owning the rest.

Maharashtra records third death due to Delta Plus Covid variant in Raigad

Aug 13, 2021

On Wednesday, the Maharashtra Health Department had pegged the number of Delta Plus variant patients in the state at 65 till date, as per data from the Institute of Genomics Integrative Biology lab.

Centre notifies amended rules for identified single use plastic items

Aug 13, 2021

According to the Centre, the manufacture, import, stocking, distribution, sale and use of following single-use plastic, including polystyrene and expanded polystyrene, commodities shall be prohibited with effect from the 1st July, 2022.

Over 5 million domestic air passengers in July, 61% higher than June: DGCA

Aug 13, 2021

The sudden drop in domestic air traffic in May was due to the second wave of the Covid-19 pandemic that had badly hit the country and its aviation sector.

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International

Hopeful all countries will come together on AI regulations: Sundar Pichai

Jan 23, 2020

Pichai added he is clear-eyed about the risks of technology, but the risk of AI is failing to work on it, because it can affect billions of people

Repeat of 2003 SARS crisis? China virus outbreak rattles financial markets

Jan 22, 2020

While the new virus appears much less dangerous than SARS, the most significant Asia risk could lie ahead as the regional peak travel season takes hold, which could multiply the disease diffusion,” said Stephen Innes, chief Asian strategist for AxiCorp.

Ransomware exposure driving up cyber insurance costs

Jan 22, 2020

Cyber-insurance premiums started rising 5% to 25% late last year, said Robert Parisi, U.S. cyber product leader at Marsh & McLennan Companies Inc.

IBM calls for rules to curb bias in Artificial Intelligence

Jan 22, 2020

The European Union is considering new, legally binding requirements for developers of artificial intelligence to ensure the technology is developed and used in an ethical way. IBM advised a European committee of academics, experts and executives that recommended avoiding unnecessarily prescriptive rules.

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