Writing crop business does not make economic sense right now, says ICICI Lombard CEO

The crop insurance business is not making business sense for the largest private sector general insurer ICICI Lombard General Insurance. In the post results earnings call, Bhargav Dasgupta, MD and CEO, ICICI Lombard General Insurance, said that they have not been able to write any new crop business in H1FY20 due to the prevailing rates. “On the […]

Auto slowdown | Millennials want gadgets over cars, says Maruti’s RC Bhargava

Ride-hailing companies such as Ola and Uber have hit demand for new cars in India as young buyers don’t need to buy cars for commuting and can spend most of their income on electronic gadgets, said RC Bhargava, chairman of Maruti Suzuki India Ltd, the country’s largest carmaker. Bhargava’s latest statement supports the contention of finance minister […]

Sushma Swaraj passes away: ‘Personal loss; source of inspiration to millions,’ says PM Modi in heartfelt tribute

Prime Minister Narendra Modi pushed out a series of heartfelt tweets after news of former External Minister Sushma Swaraj’s death emerged on late Tuesday night. PM Modi called the death of the beloved minister a personal loss. He said that she was a source of inspiration for crores of people across the country. Grieving Sushma […]

Budget 2019: M&A boost imperative for business revival, says KPMG

Prashant Kapoor and Akshay Srivastava While India Inc. has pinned high hopes on the recently elected government, multiple challenges await the government in their new term. Unemployment rate and bankruptcy cases are on the rise and economic growth needs a serious push. In this backdrop, when the new Finance Minister presents her maiden budget inter […]

Internet Spreads Hate Speech Like Wildfire, Says UN chief

United Nations: UN Secretary-General Antonio Guterres has warned that hatred speech has been spreading like wildfire through the Internet, saying attention should be given to “physical aggressions” as the recent attacks against the Jewish, Christian or Muslim centres. “This situation requires a huge investment, an investment in social cohesion and investment in diversity to make people […]

India’s Business Intelligence, Data Warehouse market to grow fastest globally, says Amit Ray of Protiviti India

In India, with over 400 start-ups in the Artificial Intelligence or Machine Learning domain and over $150 million privately invested fund in the last two years, the growth seems obvious but there is a substantial lag in growth, compared to the US and China, tells Amit Ray, MD-Data Analytics Practice, Protiviti Member Firm for India. […]

Mark Zuckerberg Says He Will Highlight Steps Taken to ‘Fix Facebook’

As countries over the world including India face elections amid the spread of fake news and political interference on social media platforms, Facebook CEO Mark Zuckerberg said in a post on Friday that the company had started sanitising itself in 2017 and “even this work will extend through 2019, I do expect us to end this year on a significantly better […]

WhatsApp Says No to Indian Government’s Demand to Make Messages Traceable

WhatsApp has turned down the Indian government’s demand to provide it with a solution to track origin of messages on its platform. The Facebook-owned WhatsAppsays creating a software to trace the origin of messages will go against the idea of user privacy and end-to-end encryption. Sources in the IT Ministry had told PTI that the government […]

Facebook Must Protect Children From Addictive Habits, Says UK NHS Chief

Speaking of an “insidious grip” that social media activities may have on young people, a top health official in England has asked social media companies like Facebook to do more to protect children from addictive habits and dangerous content, The Telegraph reported. “There is emerging evidence of a link between semi-addictive and manipulative online activities and mental […]

Telegram Block Begins in Russia, Says Regulator Roskomnadzor

Russia’s state telecommunications regulator said on Monday it had begun blocking access to messenger service Telegram after the service’s owner refused to comply with an order to give Russian state security access to users’ secret messages. The watchdog, Roskomnadzor, said in a statement on its website that it had sent telecoms operators a notification about blocking access […]