News That Matters

Tag: Unit

Postal department to spin off life insurance business into separate unit

Postal department to spin off life insurance business into separate unit

Finance
The postal department plans to spin off the postal life insurance and rural postal life insurance operations into a separate business unit (SBU) for which it has moved a Cabinet note, Communications Minister Manoj Sinha said Wednesday. "For postal Life Insurance and rural postal life insurance we have moved a Cabinet note. In the first phase it will involve creation of an SBU and in second phase a full fledged insurance company," Sinha told reporters on the sidelines of an event to mark the second anniversary celebration of India Post Payments Bank (IPPB). The Minister hoped that the Cabinet approval would be received in next fortnight or so. Sinha said IPPB has rolled out 1.26 lakh access points over the last five months and over the next week or 10 days the number is expected to rise t...
U.S. Navy inaugurates new cyber warfare reserve unit

U.S. Navy inaugurates new cyber warfare reserve unit

Business
Jan. 10 (UPI) -- The U.S. Navy announced it has inaugurated a new Navy Cyber Warfare Development Group Reserve unit. Deputy Commander Rear Adm. James Butler presided over the ceremony on Jan. 4 at Club Meade. "We at U.S. Fleet Cyber Command are determine to increase our competitive advantages over our nation's adversaries by focusing on our capabilities, processes, and mostly importantly, our people," Butler said in a statement. "This new Reserve unit will leverage reservists' skill sets to support the active duty NCWDG component and its overall mission to test and deliver advanced cyber, cryptologic and electronic warfare capabilities to the Navy." The new reserve unit was ordered on Jan. 1. Sailors and Marines previously operated as a directorate within the reserve structure and will no...
UK and Australia blame Russian unit GRU for cyberattacks

UK and Australia blame Russian unit GRU for cyberattacks

Technology
British and Australian officials said on Thursday the Russian military intelligence unit GRU is behind a wave of global cyberattacks. Foreign Secretary Jeremy Hunt said Thursday the GRU is responsible for "indiscriminate and reckless" attacks against political institutions, businesses, media and sports. Britain's National Cyber Security Center has concluded that hackers behind numerous attacks have been identified as GRU personnel. The agency says four new attacks are associated with GRU as well as earlier cyberattacks. It cites attacks on the World Anti-Doping agency, Ukrainian transport systems, the 2016 U.S. presidential race and others as very likely the work of the GRU. Australian Prime Minister Scott Morrison and Foreign Minister Marise Payne issued a joint statement that Australia...
F-35Bs get first operational deployment with Marine Expeditionary Unit

F-35Bs get first operational deployment with Marine Expeditionary Unit

Business
March 7 (UPI) -- The U.S. military sent F-35B Lightning II aircraft this week to the East China Sea for the fighter's first operational deployment with a Marine Expeditionary Unit.A detachment of the aircraft deployed with the 31st Marine Expeditionary Unit landed Monday on the USS Wasp, an amphibious assault ship, according to the U.S. Marines. The expeditionary unit will patrol the Indo-Pacific region this spring.The F-35B aircraft, first deployed abroad to Japan, combines the ability for short takeoffs and vertical landings built specifically for the Marines. The aircraft is one of three variants of the fifth generation F-35 designed for the U.S. military.The F-35B's short takeoff and vertical landing capabilities mean it can land on amphibious assault ships, which include the USS Wasp....