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 ...
India trims US securities holdings to $118.8 bn
The Dollar Business Bureau India reduced its holdings of the US government securities to $118.8 billion in February this year, amid continuing economic uncertainties across the globe. This could be due to a slowing down in US GDP to 1.4% in the fourth quarter of 2015 from 2% in the third quarter. After hiking the exposure to these securities for the past few months, India has trimmed the exposure in the month of February, even as China purchased more such securities. According to the recent data from the US Treasury Department, India's holding came down to $118.8 billion in February this year, compared to $119.8 billion in January. Since November last year, India had been increasing its exposure to holding American government securities, which stood ...
Energy body refutes reports of centre not pursuing solar plants with 1 lakh MW
Jayarama Emani| The Dollar Business President of Solar Energy Society of India (SESI), Ajay Prakash Shrivastava, refuted reports in certain sections of the Media that claimed that the government is not pursuing installation of solar plants with 1 lakh megawatt capacity in the year 2015-16. Speaking to The Dollar Business, Shrivastava said, “The reports are not entirely true. The activities are there though at a slow speed which should be speeded up. Various state governments have come up with solar energy policy and others are in line and are hoping for joint ventures with foreign investors.” Stating that the implementation of the scheme is taking time as solar energy is a new venture and before implementation of the scheme, ...
