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23 Jun

Max Life Insurance scales new heights with its Claims Paid Ratio at an all-time high of 99.22%

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Max Life Insurance Co. Ltd(“Max Life/ “Company), today announced that it has paid 15,342 death claims amounting to Rs. 563 crore in FY 2019-20, thus achieving an all-time high individual death claims paid ratio of 99.22%in the company’s last five year performance, which also becomes Max Life’s new ‘Bharose Ka Number’. The Company has consistently improved its claims paid ratio in the last 5 years to breach the remarkable 99% mark this financial year, thereby reiterating its commitment towards cementing customer trust.Since inception, Max Life has paid individual death claims of Rs. 3,238 crore to family members of its 1,12,946…

23 Jun

Indiabulls Reportedly Breached by CLOP Ransomware

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Indiabulls, a diversified financial services group with more than Rs. 28,580 crore (as on March 31, 2019) in net worth, has been reportedly breached by CLOP Ransomware operators. These operators, as per the report, claim to have stolen data that includes four spreadsheets related to the Indiabulls Pharmaceuticals and Indiabulls Housing Finance Limited subsidiaries, among other files. Till now, CLOP Ransomware operators have uploaded six screenshots of stolen files and asked Indiabulls to contact them in 24 hours. According to a report by Bleeping Computer, the cyberattack on Indiabulls has come from CLOP Ransomware operators that steal unencrypted files and…

22 Jun

Apple’s ARM-Based Chip to First Launch on 13.3-Inch MacBook Pro

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Just hours before the Worldwide Developers Conference (WWDC), noted analyst Ming-Chi Kuo has released an investor note detailing Apple's long-anticipated move from Intel to its own custom-designed ARM processors for its Mac range. Kuo says that the first models to spearhead this transition will be the 13.3-inch MacBook Pro and a completely redesigned iMac. These new models are reported to arrive in the fourth quarter of 2020 or early 2021, however Apple is expected to announce the first ARM processor at WWDC. The WWDC special keynote is set to begin at 10am PDT (10:30pm IST) today. Kuo's latest investor note,…

21 Jun

Government Asks BSNL, MTNL Not To Use Chinese Equipment For Network Upgrade: Report

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The effective ban on the use of Chinese network gear could extend to private telcos like Bharti Airtel and Vodafone Idea The government has told two state-run telecoms firms to use locally-made rather than Chinese telecom equipment to upgrade their mobile networks to 4G, a senior government source said on Thursday. New Delhi's move comes amid a backlash against companies from China after the killing this week of 20 Indian soldiers by Chinese forces in a Himalayan border dispute. The instruction is aimed at Chinese telecom gear makers Huawei and ZTE, the source said, after India last year announced an…

20 Jun

Apple may make it’s latest iPhone ‘cheaper’ in India.

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Apple’s make-in-India push is set to get a shot in the arm as it has been reported that the new iPhone SE could be assembled in India. According to a report by The Information, Apple has informed one of supplier in China to begin shipping components for the latest iPhone SE to India. Apple’s manufacturing partners will get the components to assemble the new iPhone in India. What it will do is that it will help the Cupertino-based tech giant to avoid high import taxes it has to pay. It could also make the iPhone SE — which starts at…

20 Jun

Realme Narzo 10A Next Sale on June 23 via Flipkart

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Realme Narzo 10A will next go on sale in India on June 23. The flash sale for the phone will be held via Flipkart and the Realme India website. The phone was launched in May after many initial delays due to the coronavirus lockdown. It has been available via flash sales ever since. Realme Narzo 10A was introduced alongside the Realme Narzo 10 that is also available via flash sales currently. The next sale for the Realme Narzo 10 is also set for June 23. Realme Narzo 10A sale will begin at 12pm (noon) IST on Flipkart and Realme.com on June…

20 Jun

Offers Of Upto ₹ 1 Lakh On The Honda City & Amaze In June

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In a bid to attract new customers this month, Honda Cars India is offering lucrative deals and offers on selected models. As a part of the offer, the Japanese car manufacturer is providing discounts of up to ₹ 1 lakh on select models, namely the Honda Amaze and Honda City. Notably, these offers on Honda cars are subject to variant, grade and location and it may vary by the model or by variants. All the offers are valid till June 30, 2020, or till the stocks last.

20 Jun

Glenmark Pharmaceuticals launches COVID-19 drug after DCGI nod.

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Glenmark Pharmaceuticals on Saturday said it has launched antiviral drug Favipiravir, under the brand name FabiFlu, for the treatment of patients with mild to moderate COVID-19.The Mumbai-based drug firm had on Friday received manufacturing and marketing approval from the Drugs Controller General of India (DCGI). FabiFlu is the first oral Favipiravir-approved medication for the treatment of COVID-19, the company said in a statement. "This approval comes at a time when cases in India are spiralling like never before, putting a tremendous pressure on our healthcare system," Glenmark Pharmaceuticals Chairman and Managing Director Glenn Saldanha said.The company hopes that the availability…

20 Jun

Supreme Court Demands Explanation From Registry Why Vijay Mallya’s Plea Not Listed For 3 Years

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New Delhi: The Supreme Court has directed its registry to explain why the petition filed by businessman Vijay Mallya, who has sought review of its 2017 order holding him guilty of contempt of court for transferring USD 40 million to his children, was not listed before the concerned court for last three years. A bench of Justices UU Lalit and Ashok Bhushan, which took up Vijay Mallya's review petition in-chamber on June 16, directed the top court registry to furnish all the details including names of officials who had dealt with the file concerning the review petition for last three years.…

20 Jun

Becomes ‘net debt-free’, announces Mukesh Ambani

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New Delhi: Reliance Industries (RIL) chairman Mukesh Ambani on Friday announced that the oil-to-telecom conglomerate has become debt free after raising over Rs 1.69 trillion over the last few weeks through stake sales in its digital arm and a rights issue. In a statement, the company said that the Reliance Industries has "fulfilled promise to shareholders much before the original schedule of March 31, 2021". "The combined capital raised has no precedence globally in such a short time. Both of these are also unprecedented in Indian corporate history and have set new benchmarks. This is even more remarkable that this was achieved amidst a global lockdown caused by the…