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MUMBAI: India is witnessing a sharp increase in companies purchasing cyber insurance and expanding cover sizes, as boards and management reassess digital risks following high-profile global outages, like the one involving Jaguar Land Rover, and tighter data protection rules. The time taken to put a cyber insurance cover in place has shrunk dramatically to just a few days from six to seven months earlier, as companies move quickly to hedge against operational disruption, regulatory fines and pot ...Read More >
New Delhi, Jun 30 (PTI) The Supreme Court on Monday junked a plea filed by former cricket administrator Lalit Modi seeking an order to the BCCI to pay a penalty of Rs 10.65 crore imposed on him by the ED for violating the Foreign Exchange Management Act (FEMA). A bench of Justices P S Narasimha and R Mahadevan, however, said Modi will be entitled to avail civil remedies as available according to law. The Bombay High Court on December 19 last year had imposed a cost of Rs 1 lakh on Modi while d ...Read More >
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