Indian

Guidelines for ex-gratia payment to kin of Covid victims under consultation: Govt

Jul 28, 2021

The apex court, on June 30, directed the NDMA to issue guidelines in six weeks for ex-gratia compensation to the families of Covid victims. The court also said the NDMA has failed to perform its statutory duty.

Cost of data breach hits record high during pandemic: IBM

Jul 28, 2021

As per the India insights, Rs 5,900 was the cost per lost or stolen record in the 2021 study, an increase of 6.85 percent from 2020.

The top three primary initial attack vectors for data breaches included phishing, malicious insider, and physical security compromise.

Depositors to get up to Rs 5 lakh within 90 days of banks being put under moratorium: Centre

Jul 28, 2021

With the recent amendment, depositors will get an insurance of Rs 5 lakh even if a bank is put under RBI’s watch and its operations are suspended.The law will protect 98.3 percent of the bank accounts

Domestic operators lead in growing Indian e-commerce market: Fitch

Jul 28, 2021

While there are a growing number of opportunities, said Fitch, there is also increasing competition between new and existing players.

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International

Post-Brexit UK will continue to offer significant opportunities:PwC

Nov 21, 2019

“We received a clear message that the UK will remain a very important part of Europe’s finance ecosystem beyond Brexit. To this end, and to prevent further fracture, uncertainty and costs for business and investors, there is a strong desire among our clients for close alignment based on regulatory equivalence between the UK and the EU27,” said Andy O’Callaghan, Global Asset and Wealth Management Advisory Leader.

Aon to acquire small-medium business digital insurance agency Cover Wallet

Nov 20, 2019

The acquisition provides Aon with additional access to the fast-growing, $200+ billion premium digital insurance market for small and medium-sized businesses, as well as the opportunity to leverage CoverWallet’s platform to develop and scale innovative digital client experiences that support the firm’s Aon United growth strategy.

Aviva to retain China, Singapore businesses after conducting Asian review

Nov 18, 2019

London: Aviva Plc, the U.K. insurer that’s overhauling...

Microsoft puts Israeli facial recognition startup under ethics microscope

Nov 18, 2019

Microsoft itself markets a facial recognition tool and backed a U.S. Senate bill, announced on Thursday, that would require a court order before federal law enforcement could use the technology for targeted, ongoing surveillance.

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Briefs