Year: 2020

RBI governor Shaktikanta Das ease bank credit, reverse repo rates

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RBI Governor Shaktikanta Das unveiled the measures to ease liquidity and bank credit and to support the economy and enable normal functioning of markets, as part of the economic relief to mitigate the fallout of coronavirus lockdown.  He cut the reverse repo rate by 25 basis points to 3.75%, while keeping the repo rate unchanged, in emergency measures to provide more relief to an economy fighting the fallout of coronavirus.   Earlier, last month, the RBI advanced its Monetary Policy Committee meet and cut the repo rate by a massive 75 basis points,…

Hurt by advert decline, Indian newspaper cut jobs & salaries

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India’s vibrant newspaper industry that reaches tens of millions of readers daily has been ravaged by declining advertising revenues due to a nationwide lockdown to fight the coronavirus, pushing leading titles to slash jobs and salaries.   Advertising revenues at some top dailies published by market leaders have nosedived as businesses slash ad spending to conserve cash, senior executives said.   Our print advertisement revenue, which is 80 to 85 percent of our total revenue, is almost zero post lockdown,” said D. D. Purkayastha, Chief Executive of ABP publication.    The most…

Vahan and Airtel collaborate to bring relief services to millions of COVID-19 lockdown impacted Indians

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With millions of blue-collar workers and migrants impacted due to the COVID-19 lockdown, especially in top metros, there is an urgent requirement to keep providing them access to basic relief services such as food, shelter, healthcare and even jobs, wherever possible.    Bengaluru based AI tech start-up Vahan, which matches job seekers with employers inside messaging apps such as Whatsapp, and Bharti Airtel (“Airtel”) are bringing together their resources and using technology to connect such impacted workers in Delhi and Bengaluru with the nearest support centres and NGOs.   Airtel will launch…

Cyber Threat Landscape Driven by COVID-19

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Though COVID-19 has had enormous effects on our society and economy, its effects on the cyber threat landscape remain limited. For the most part, the same actors we have always tracked are behaving in the same manner they did prior to the crisis. There are some new challenges, but they are perceptible, and we—and our customers—are prepared to continue this fight through this period of unprecedented change. says, Sandra Joyce , Head of Global Intelligence, FireEye.   There is a significant shifts in the threat landscape we are currently tracking include:…

The Virus Changed the Way We Internet

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Stuck at home during the coronavirus pandemic, with movie theaters closed and no restaurants to dine in, Americans have been spending more of their lives online.   But a New York Times analysis of internet usage in the United States from SimilarWeb and Apptopia, two online data providers, reveals that our behaviors shifted, sometimes starkly, as the virus spread and pushed us to our devices for work, play and connecting. We are looking to connect and entertain ourselves, but are turning away from our phones     Note: Averages are…

Indian Government raises Red Flag on ZooM video calling app

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The ongoing lockdown had forced the several people all over the world has forced to connect through the video call apps to stay connected. Zoom has rapidly become one of the most essential apps as people adapt to remote working. It was reported that over 500 thousand Zoom accounts were sold on the dark web, which is available for a penny. Now, as the platform is not safe, as per the Ministry of Home Affairs has raised alarm bells, and said is unsafe and vulnerable to cyber-crimes.   The ministry’s notification comes at a time when…

Zoom video calling app not a safe platform: GoI

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The ongoing lockdown had forced the several people all over the world has forced to connect through the video call apps to stay connected. Zoom has rapidly become one of the most essential apps as people adapt to remote working. It was reported that over 500 thousand Zoom accounts were sold on the dark web, which is available for a penny. Now, as the platform is not safe, as per the Ministry of Home Affairs has raised alarm bells, and said is unsafe and vulnerable to cyber-crimes.   The ministry’s notification comes at a time when…

Building a digital nervous system for your business

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How connecting the right technologies, strategies and people can help future proof your business   Think about the systems and processes your business uses daily. These systems are your company’s nervous system. The key to sustaining your business is understanding where these systems are struggling and developing strategies to ensure your enterprise stays healthy and robust in the long term.   Bill Gates popularised the phrase ‘digital nervous system’ in his 1999 book Business @ the Speed of Thought, outlining how all systems and processes should be brought together under one…

COVID-19 donation: ICMR receives testing kits from Hyundai

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Hyundai has announced that it had handed over Covid-19 advanced diagnostic testing kits imported from South Korea to Indian Council of Medical Research (ICMR) to further help in India’s fight against the outbreak. The South Korean car maker had placed the order for the kits back in late March.   According to Hyundai, the testing kits from South Korea worth ₹4 crore offer high levels of accuracy and can meet the testing requirements of 25,000 individuals. The company said that these kits are also being exported from South Korea to…

Ex Marine Commando auctions his medals for PM CARES Fund

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Marathon runner cum marine commando who was injured during the 2008 Mumbai terror attacks, Praveen Teotia is auctioning his marathon medals to raise funds for the battle against COVID-19, and has already contributed Rs 2 lakh.   Praveen Teotia was among the Indian Navy’s MARCOS marine commandos who were part of ‘Operation Black Tornado’ at Mumbai’s Taj Hotel in 2008. The Shaurya Chakra awardee took four bullets to the chest, suffered a serious injury to the right part of his chest and suffered damage to his left ear.   Today,…