Gunmen in Nigeria release schoolchildren abducted three months ago

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The students were released after their parents paid a ransom of $140,000 (70 million naira) and gave motorbikes in ransom to the kidnappers, according to the school headmaster Abubakar Alhassan. While addressing journalists after the children regained freedom, Alhassan said the money was raised after Nigerians from different sectors contributed funds to secure their freedom. … Read more

Govt looking at more broad-based IBC, says MCA Secy

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The government is looking to make the Insolvency & Bankruptcy Code more comprehensive and broad-based so that there is an enhanced ease of exit, a senior official said Friday. ”We continue to work together to make this insolvency framework more effective and efficient. It will surely be one of the important chapters in the success … Read more

Government sets the ball rolling for mega listing of LIC

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The government has selected leading global and Indian merchant bankers among 10 that will manage the initial public offer of Life Insurance Corporation of India (LIC), which is being pegged as the largest public listing for the Indian markets. The government has selected Goldman Sachs, JP Morgan, Citigroup, Nomura, Bank of America Securities, JM Financial, … Read more

TikTok Milk Crate Challenge Puts Kids at Serious Risk

Aug. 27, 2021 — A milk crate climbing challenge that has had a sudden rise on social media this past week has led to many of its participants taking a hard fall. The TikTok trend, which involves stacking milk crates in a pyramid-shaped staircase and attempting to climb up one side and down the … Read more

IBBI proposes code of conduct for committee of creditors; seeks public comments

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Seeking to bring in more transparency, the Insolvency and Bankruptcy Board of India (IBBI) on Friday proposed a code of conduct for the committee of creditors under the insolvency law. IBBI, a key institution in implementing the Insolvency and Bankruptcy Code (IBC), has also proposed further measures to strengthen the regulatory framework for liquidation process. … Read more

T-Mobile CEO apologizes for massive hack, announces cybersecurity deal with Mandiant | ZDNet

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T-Mobile’s CEO has finally spoken out about the massive hack that exposed millions of customers’ sensitive information, apologizing for the leak and announcing a cybersecurity pact with Mandiant. CEO Mike Sievert on one hand sought to downplay the incident — which led to the leak of nearly 48 million social security numbers alongside other information … Read more