Indian

Three insurance-related firms to raise Rs 10,000 cr through IPOs

Policybazaar’s Rs 6,017.5-crore public issue comprises a fresh issue of Rs 3,750 crore and an offer-for-sale of Rs 2,267.5 crore by existing selling shareholders
Star Health, the largest standalone private health insurer, is planning to raise Rs 3,000 crore; while Medi Assist, which is the largest third-party administrator, is lining up a Rs 840-1,000 crore issue, according to their draft red herring prospectus (DRHP) filed with the market watchdog.

Indian tops global cyber attacks on education sector: Report

“In India, schools, universities and research centres make for attractive targets to cyber criminals because they are often under resourced from a security perspective. The short-notice, on-and-off shift to remote learning exacerbates the security risk,” said Sundar Balasubramanian, Managing Director, Check Point, India and SAARC.

From 1,095 days to 306: Quicker disposal of commercial disputes

According to the World Bank’s ‘doing business’ report for India, it used to take 1,095 days in trial and judgment of commercial disputes in 2020.
But following a push for reforms, the number of days has come down to 424 in Delhi and 306 in Mumbai, according to the data put the in public domain by the Department of Justice in the Law Ministry.

International

IBM calls for rules to curb bias in Artificial Intelligence

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.

EU privacy regulators expected to raise fines under GDPR data protection rules

Regulators in France, Germany and Austria levied the biggest fines so far, while the Netherlands, Germany and the U.K. topped the list for the number of data breaches notified to their authorities, the survey by law firm DLA Piper found. France’s data protection commission, the CNIL, last January slapped Google with a 50 million-euro fine over transparency, information and consent failures.

China’s mysterious respiratory virus spreads to health workers, different countries

“The risk from this virus causing pandemonium has increased because it is spreading from different countries, and we are now seeing that it can be more easily transmitted from person to person,” said Sanjaya Senanayake, associate professor of medicine at the Australian National University. In comparison with SARS, he said, “the one good factor, I guess, at the moment seems to be the low mortality rate.”

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