Increasing cyber-attacks show why stringent cyber-security laws are need of the hour
While large companies and organisations have the capital and the resources to deploy various technologies and solutions, on an individual level, the threat looms large
Nidhi Singal | January 10, 2021 | Updated 09:03 IST
India is likely to have a robust cybersecurity policy soon
Dr Reddy s, BigBasket and now JusPay, there are just a handful of data breach instances that have been reported over the last quarter, and not to mention the ones that we aren t aware of yet. Surprising it may sound but in 2019, India was amongst world s top 5 cyber-targeted nations along with US, UK, Singapore and Ukraine wherein it held the top position for three months. A growing economy and also an outsourcing hub, India is on the radar of cybercriminals.
The News Scroll 08 January 2021
Last Updated at 12:10 pm | Source: PTI
Shardul Amarchand Mangaldas & Co. Tops the Mergermarket League Table Rankings for India for 2020 Outlook January 08, 2021 12:10 IST Shardul Amarchand Mangaldas & Co. Tops the Mergermarket League Table Rankings for India for 2020 outlookindia.com 1970-01-01T05:30:00+0530
(Eds: Disclaimer: The following press release comes to you under an arrangement with Newsvoir. PTI takes no editorial responsibility for the same.) New Delhi, Delhi, India (NewsVoir)
Shardul Amarchand Mangaldas & Co. has once again topped the Merger Market league table rankings for India for 2020. The Firm has secured the top spot as deal advisor both by deal value and deal count, having advised on 110 deals with a combined value in excess of USD 41 billion. The Firm was also previously the leading advisor on the MergerMarket India league table rankings for 2018 and 2019, making this the third cons
Cyber security is becoming big business. Here s why
Illustration by Raj Verma
Grocery is a boring, low-margin business. But that did not prevent cyber criminals from stealing data of 20 million customers of online grocer BigBasket and selling it for a staggering $40,000 or nearly Rs 30 lakh on the dark web. And that too non-financial data such as name, email ID, PIN, contact number, address, date of birth, location, IP address.
BigBasket had thankfully not stored customers financial data such as debit/credit card details. But companies and their customers are not always so fortunate. In 2016, security of close to 3.2 million debit cards issued by major banks, including SBI, HDFC Bank, ICICI Bank, Yes Bank and Axis Bank, among others, was compromised. The breach, caused by a malware on an ATM network, resulted in not just financial loss to consumers and banks but also dented people s trust in digital banking.
GST collections hit an all-time high of ₹1.15 lakh cr in Dec
January 01, 2021
Strong economic recovery, crackdown on evaders push up the numbers
Signalling a strong economic recovery, GST collection in December hit an all-time high of ₹1,15,174 crore. The higher numbers were also due to the crackdown on evaders.
According to data released by the Finance Ministry on Friday, the December mop-up was the highest since the introduction of the Goods and Services Tax in July 2017. The previous best was ₹1,13,866 crore, in April 2019. April revenues tend to be high as they pertain to the returns of March, which marks the end of the financial year.
3 reasons why GST collections hit record high of Rs 1.15 lakh crore
GST collections in December 2020 showed an unexpected year-on-year growth of 11.6 per cent to Rs 1.15 lakh crore, the highest monthly GST collection so far
Dipak Mondal | January 8, 2021 | Updated 14:35 IST
Monthly GST collections have been showing higher year-on-year numbers since September 2020
The New Year started with a bang for the government as far as its finances are concerned. GST collections in December 2020 showed an unexpected year-on-year growth of 11.6 per cent to Rs 1.15 lakh crore, the highest monthly GST collection so far.
So, what could be the reasons for such jump in collection in December? We talked to number of experts to explain why GST collections in December 2020 showed unexpected jump. Here are some of the reasons: