Risk Management

Howden acquiers cyber and tech specialist broker Safeonline

International News       Nov 23, 2020

  London: Howden, the international insurance broker, announced it has reached an agreement to acquire Safeonline, a London-based cyber and tech specialist broker and Lloyd’s coverholder. Safeonline offers a range of product lines including cyber and tech, financial & professional lines, programmes & binders and contingency...

India bans 43 more mobile apps as it takes on China

Indian News       Nov 23, 2020

NEW DELHI: India banned 43 mobile applications on Tuesday including Alibaba Group Holding Ltd’s e-commerce app Aliexpress in a new wave of web sanctions targeted at China with whom it has engaged in a months-long standoff at a Himalayan border site. The 43 mostly Chinese...

LDF govt puts on hold controversial Kerala Police Act amendment

Indian News       Nov 23, 2020

 Thiruvananthapuram:  The CPI(M)-led Left Democratic Government in Kerala on Monday put on hold implementation of the controversial amendment to the state Police Act citing criticism from various quarters. Chief Minister Pinarayi Vijayan said his government was not intending to implement the amendment act now as...

Will India's banking system go from being state-dominated to tycoon-led?

Articles       Nov 23, 2020

  By  Andy Mukherjee  A working group set up by the Reserve Bank, the regulator, has suggestions for what to do with ownership of private-sector banks. Large industrial houses may be permitted to own controlling stakes, it says, but only after strengthening regulation and supervision to...

S&P sceptical of allowing corporates into Indian banking

Indian News       Nov 23, 2020

  Singapore: International rating agency S&P Global Ratings said on Monday a recommendation from an Indian central bank committee to allow industrial conglomerates to set up banks as part of proposed changes to the banking sector, is fraught with risk. A working group at the Reserve...

Europe to lift Boeing 737 MAX grounding in January, follows US action

International News       Nov 22, 2020

Paris: Europe is set to lift its flight ban on the Boeing 737 MAX passenger jetliner in January after US regulators last week ended a 20-month grounding triggered by two fatal crashes. The head of the European Union Aviation Safety Agency (EASA) said in remarks...

Kerala's new law imposes 5-year jail term or fine of Rs 10,000 for offensive post

Indian News       Nov 22, 2020

  Thiruvananthapuram: Kerala Governor Arif Mohammed Khan has signed the Kerala Police Act Amendment ordinance, envisaged by the Left government in the state to prevent cyber attacks against women and children which the opposition had alleged would curtail freedom of expression. A Raj Bhavan source confirmed...

Johnson & Johnson ordered to pay $120 million damages in New York baby powder case

International News       Nov 20, 2020

  NEW YORK: Johnson & Johnson has been ordered by a New York state judge to pay $120 million in damages to a Brooklyn woman and her husband, after she blamed her cancer on asbestos exposure from using the company’s baby powder. Justice Gerald Lebovits of...

Govt releases backend code of Aarogya Setu to enhance transparency

Indian News       Nov 20, 2020

New Delhi: The government on Friday released the backend code of Aarogya Setu in the open domain that will help people understand the functioning of the COVID-19 contact-tracing app and allay apprehensions they may have around privacy and security. The source code of the Android...

Wealthy countries block COVID-19 drugs rights waiver at WTO - sources

International News       Nov 20, 2020

GENEVA: Wealthy nations on Friday reiterated their opposition to a proposal to waive intellectual property rules for COVID-19 drugs, three trade sources said, despite pressure to make an exception to improve access to drugs for poorer countries. Supporters of the waiver say existing intellectual property...