Major global cyber attack; JNPT port affected
The Dollar Business Bureau A major global cyber attack which disrupted Russia’s major oil company, Ukrainian banks and multinational banks, has affected the computer terminals at Jawaharlal Nehru Port Trust (JNPT), Mumbai, shutting down one out of its three operations. Sources from Press Trust of India report that the virus has affected many other terminals in the country. The powerful ransomware has impacted many central banks and large corporations in Europe. It has been rapidly spreading since Tuesday amidst growing concerns that many vital government infrastructure and networks are poorly equipped to deal with such an attack. It has been reported that many businesses in the Asia-Pacific region experienced disruptions due to the ransomware which has been code named as ‘Eternal Blue’ and ...
Dip in services sector FDI not a major concern, say experts
Sai Nikesh | The Dollar Business Foreign Direct Investments (FDI) in various sectors saw a negative trend in the first two months of the current fiscal year. In services sector, the inflow has declined 15% to $488 million during the first two months of the current fiscal, as compared to the figure of the same period of last year. “FDI in services sector has dipped, but it should not be a major cause of concern as overall FDI inflows in April-May 2015 period has touched $7.5bn, which is roughly 30% more than what we received last year during the same period,” Sanjay Budhia, Co-Chairman, CII National committee on International Trade Policy& Exports, told The Dollar Business. He said that the definition of ...
