Individual cyber insurance is now necessary
In a report published in the Economic Times, TA Ramalingam, Chief Technical Officer, Bajaj Alliance General Insurance said that cyber insurance has now become necessary for individuals. According to the IRDAI circular, there will be certain rules for individual cyber insurance, such as theft of funds, theft of identity, theft of social media data, cyber stalking/bullying, malware cover, phishing cover, un-authorized online transactions, It will be necessary to cover email spoofing, media liability claims, cyber extortion, data breaching and privacy breaching.
Four major categories on the basis of loss
The liability of individuals towards cyber insurance has also been fixed in the ITRDAI circular. In this it has been told when the company can reject the claim. What will be the rule in case of financial loss. Apart from this, the damage done through cyber fraud is divided into four different categories. Necessary instructions have been issued for each category.The market is currently at an all time high. Sentiment is strong but profit-booking can also be seen in between. After exiting PCA, the stock of UCO Bank is showing a wonderful move.
Share Market Today: The direction of the stock markets will be decided this week by the inflation data and the global trend. Analysts have expressed this opinion. Analysts said the overall sentiment in the market is positive. This is supported by better economic data and quarterly results of companies. However, some profit-booking can also be seen in the market amid high valuations. The Sensex gained 175 points last week.
Santosh Meena, Head of Research, Swastika Investmart said, “Global indicators will continue to influence our market behavior. Some macroeconomic data like China’s industrial output and US inflation are to come this week. On the domestic front, the WPI inflation data for the month of August is due on September 14.” Siddharth Khemka, head of retail research, Motilal Oswal Financial Services, said that the cases of delta variants are increasing. Due to this, there is a possibility of economic slowdown. In such a situation, the eyes of investors will be on global indicators.
Inflation data will be important
Vinod Nair, Head of Research, Geojit Financial Services, said, “Inflation data will be important from the market point of view this week.” A note by Samco Securities said that the market is strongly bullish. In such a situation, some ‘obstacles’ can also be seen this week. Nair said that the Indian markets could not sustain the bullish trend recorded during the week of August 30 to September 3. The market remained volatile due to a weak global trend. Vinod Modi, Head of Strategy, Reliance Securities, said that after record highs, there is some ‘fatigue’ in the domestic markets.
SBI Life sold 1171 crore shares
Canada Pension Fund has sold 2.3 crore shares of SBI Life Insurance for 1171 crores. However, BNP Paribas Arbitrage has also bought 9635692 shares from the Mumbai Stock Exchange at the rate of Rs 1171.
Reliance Infra gets relief from Supreme Court
Anil Ambani’s company Reliance Infrastructure has got good news from the Supreme Court. The company got victory in the ongoing dispute with Delhi Metro Railway Corporation ie DMRC and the court asked DMRC to return its 2950 crores along with interest. The company has stated this amount with interest as close to 4600 crores.
UCO Bank rises on PCA exit
UCO Bank has been removed from PCA by RBI. Due to this, the stock gained about 11 percent on Friday. Its stock closed at Rs 14.20. According to market experts, this stock may rise further by 40 percent. If the sentiment is right, then this stock can reach up to Rs 20. After UCO Bank, Indian Overseas Bank and Central Bank are also expected to exit from PCA.
