Month: June 2019

Traffic violation fines could shoot up almost five times or more

Traffic violation fines will now shoot up drastically as the new Motor Vehicles Bill is expected to be presented in the upcoming Parliament session. The bill was formed after 2019 general elections and has been approved by the cabinet. After the Lok Sabha cleared in 2017, it was still pending in the Rajya Sabha.

Source: Traffic violation fines could shoot up almost five times or more

AI and IoT are the two sides of each coin

Enterprises must pause in their race to join the rate race for IoT to avoid the security and data breaches. AI and IoT: two sides of the same coin. When the leaders think about the benefits of IoT devices – which are undeniably numerous – they often forget to simultaneously assess the risks of data breaches associated with those devices.

Source: AI and IoT are the two sides of each coin

Unacademy Raises $50 Million in Series D Funding

Unacademy, India’s largest learning platform, announced the closing of its $50 million Series D funding round from Steadview Capital, Sequoia India, Nexus Venture Partners and Blume Ventures. Aakrit Vaish (Co-Founder & CEO, Haptik) and Sujeet Kumar (Co-Founder, Udaan) also participated in the round, along with Unacademy Founders, Gaurav Munjal and Roman Saini.

Source: Unacademy Raises $50 Million in Series D Funding

IndiaFirst Life observes Insurance Awareness month

IndiaFirst Life Insurance, promoted by Bank of Baroda and Andhra Bank, successfully carried out a life insurance awareness drive through the month of June 2019, to commemorate the National Insurance Awareness Day. As a part of this drive, the company conducted 50 service camps pan-India, at the partner bank branches – Bank of Baroda (BoB) and Andhra Bank (AB). Spreading awareness on Life Insurance, IndiaFirst Life took this initiative to bring risk protection to every strata of the social fabric, in-line with the Insurance Regulator Development Authority of India (IRDAI) mission.

Source: IndiaFirst Life observes Insurance Awareness month

Nasscom Partners With Nathealth To Boost Digital Health

India’s National Association of Software and Services Companies (NASSCOM) announced its collaboration with apex healthcare industry body NATHEALTH. The partnership is with NASSCOM’s Center of Excellence for the Internet of Things (CoE IoT) and will leverage the benefits that IoT and AI can bring to the healthcare sector. They aim to deploy emerging technologies,to ensure better delivery of healthcare.

Source: Nasscom Partners With Nathealth To Boost Digital Health

Why Sophos Acquires Rook Security

Sophos (LSE: SOPH) announced that it has acquired Rook Security, a pioneer and leader in managed detection and response (MDR) services to Provide Managed Detection and Response. Rook Security provides a 24/7 team of cyberthreat hunters and incident response experts who monitor, hunt for, analyze and respond to security incidents for businesses of all sizes. The privately-owned company was founded in 2008 and is headquartered in Indianapolis, Ind.

Source: Why Sophos Acquires Rook Security