Category: Insights

Risk Category – Cyber Risk A ransomware attack that targeted C Edge Technologies, a tech service provider, has led to a shutdown of payment systems for approximately 300 small banks across India. The attack, reported by Reuters, has caused significant disruptions in financial transactions and raised serious concerns about the cybersecurity vulnerabilities within the banking… […]

Risk Category- Cyber Risk Meta has launched Llama 3.1, its largest and most advanced open-source Artificial Intelligence (AI) model to date, boasting 405 billion parameters. This model aims to rival the closed-source models from industry leaders such as OpenAI and Anthropic. Mark Zuckerberg emphasised the importance of open-source AI, drawing a parallel to the transformative… […]

Risk Category- Political Risk Introduction  Nationwide protests erupted in Kenya against a finance bill proposing tax hikes. The demonstrations turned violent on Tuesday, in the capital city of Nairobi. More than five people were shot dead and around 31 injured after Kenyan police fired at the demonstrators. Kenya’s Parliament was set ablaze as protesters stormed… […]

Risk Category – Cyber Security /Economic Risk Introduction The Biden administration has decided to ban the sale and use of Kaspersky Lab software in the United States. This move builds on previous actions, where US government agencies were already prohibited from using Kaspersky products due to concerns about potential espionage by the Russian government. The… […]

Risk Category: Economic Risk Introduction Zomato, India’s leading food delivery and restaurant discovery platform, is in advanced discussions to acquire Paytm’s movies and events business. The deal is estimated to be worth between ₹1,600 crores and ₹2,000 crores. This acquisition represents a significant strategic shift for both companies. Zomato aims to diversify its service offerings… […]

Risk Category: Cybersecurity Risk Introduction: After Russian hackers exploited a vulnerability in a widely used Microsoft program during one of the most massive cyberattacks in US history, the software giant Microsoft downplayed its involvement. However, a recent ProPublica investigation revealed that a whistleblower inside Microsoft’s ranks had repeatedly attempted to persuade the business to remedy… […]

Risk Category: Economic Risk Introduction  Fitch Ratings, in its quarterly Global Economic Outlook (GEO) report, revised India’s GDP forecast in the current fiscal year 2024-25 from 7% to 7.2% even as the Reserve Bank of India (RBI) is expected to cut policy interest rates only by 25 basis points to 6.25 per cent. The rating… […]

Risk Category – Economic/ Technological Risk Introduction Volvo Cars, owned by China’s Geely, is shifting its production of electric vehicles (EVs) from China to Belgium in anticipation of potential tariffs imposed by the European Union (EU) on Chinese-made electric cars. This move comes amid growing trade tensions between the EU and China, with the EU… […]

Risk Category – Economic/ Geopolitical Risk Introduction: In a recent move by the European Union (EU), cars imported from China will face additional duties of up to 38.1%. The import duty will come into effect from July 2024. The EU stated that additional import duty has been placed on Chinese electric vehicles (EVs) after a… […]

Risk Category- Economic Risk Introduction Moody’s Credit Ratings agency has declared its predictions for fiscal policy of the newly elected government. Fiscal policy is the use of government tax policies and spending to influence a country’s macroeconomic conditions such as aggregate demand, employment, and inflation. Prime Minister Narendra Modi’s Bharatiya Janata Party (BJP) and BJP-led… […]