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Microsoft details newly identified capabilities of Zerobot malware

by AIP Online Bureau | Dec 22, 2022 | Data, Technology

The malware affects a variety of devices including firewall devices, routers, and cameras and adds compromised devices to a distributed denial of service (DDoS) botnet Successful DDoS attacks may be used by threat actors to extort ransom payments, distract from other...

Parl panel moots ex-ante regulations, digital competition law to curb unfair biz practices in digital markets

by AIP Online Bureau | Dec 22, 2022 | Eco/Invest/Demography, Indian News, Policy, Regulation, Technology

The suggestions are part of the Standing Committee on Finance’s report on ‘Anti-Competitive Practices by Big Tech Companies’ tabled in Parliament on Thursday and comes against the backdrop of rising concerns over unfair business practices in digital...
Amending Insurance Acts: General Insurers oppose changes in capital requirements, granting composite licenses

Amending Insurance Acts: General Insurers oppose changes in capital requirements, granting composite licenses

by AIP Online Bureau | Dec 22, 2022 | Eco/Invest/Demography, Indian News, Non-Life, Policy, Regulation

On granting composite licenses, general insurers say,suddenly letting companies to enter into any segment will result in chaos and fragmentation of existing markets. This will also harm the interests of the existing policyholders in both life and nonlife segments, On...

Rajya Sabha passes bill to deal with maritime piracy with voice vote

by AIP Online Bureau | Dec 21, 2022 | Indian News, Non-Life, Policy

In the bill, the government has added provisions for death penalty and life imprisonment for those convicted of maritime piracy External Affairs Minister S Jaishankar. told the House, “We will have jurisdiction on foreign ships (which would indulge in...
Reliance Capital Auction: Torrent Group highest bidder at Rs 8,600 crore in phase 1

Reliance Capital Auction: Torrent Group highest bidder at Rs 8,600 crore in phase 1

by AIP Online Bureau | Dec 21, 2022 | Indian News, Life, Non-Life

The acquisition will help Torrent group to venture into the financial services as Reliance Capital has a wholly owned subsidiary- Reliance General Insurance, and 51 per cent stake in Reliance Nippon Life Insurance among other assets. Hinduja Group was the second...

India detects 3 cases of Omicron subvariant BF.7 driving China’s Covid surge, Govt restarts random testing for international passengers

by AIP Online Bureau | Dec 21, 2022 | Eco/Invest/Demography, Indian News, Non-Life, Pandemic

BF.7 is a sub-lineage of the Omicron variant BA.5 and has the strongest infection ability since it is highly transmissible, has a shorter incubation period, and has a higher capacity to cause reinfection or infect even those vaccinated. New Delhi: Three cases of...
Next financial crisis will come from private cryptocurrencies: RBI Governor

Next financial crisis will come from private cryptocurrencies: RBI Governor

by AIP Online Bureau | Dec 21, 2022 | Eco/Invest/Demography, Indian News, Policy, Technology

Shaktikanta Das,governor, Reserve Bank of India RBI governor Shaktikanta Das on Wednesday said underlying economic activity in India continues to be strong, but external factors will cause some ”dent” to the economy Mumbai: India’s central bank chief...

Axis Bank forays into retirement biz with pension fund management, crosses Rs 100 cr in AUM

by AIP Online Bureau | Dec 21, 2022 | Banking & Bancassurance, Indian News, Pension & Social Security

The third largest private sector lender received a commencement of business certificate from the Pension Fund Regulatory and Development Authority (PFRDA) on September 20, and the AUM has been managed in the first 45 days of the business, as per a company statement...

PMFBY number one crop insurance scheme globally in terms of farmers enrollment: Tomar

by AIP Online Bureau | Dec 21, 2022 | Indian News, Non-Life, Reinsurance

The minister said 832.24 lakh farmers enrolled under the PMFBY during 2021-22 fiscal. The premium paid by farmers stood at Rs 3,77,026 crore while claims paid were Rs 13,728.63 crore during 2021-22 New Delhi: The Pradhan Mantri Fasal Bima Yojana (PMFBY) has become the...

ANALYSIS-Global economy bets on China learning to live with COVID

by AIP Online Bureau | Dec 21, 2022 | Eco/Invest/Demography, Health, International News, Non-Life, Pandemic, Policy

The consensus view remains that if China can get a grip on what U.S. Treasury Secretary Janet Yellen this month called the “very complex problem” of switching its COVID-19 stance, this would boost both its domestic economy and the global one Those who...
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