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World Bank in talks with dozens of countries about crisis aid, Banga says
Ajay Banga,president, World Bank A sharp spike in diesel and fertilizer prices and other factors, including the looming super El Niño weather effect, were adding to challenges facing developing countries, Banga said in an interview ahead of this week's annual...
4 dead from storm as Isaias brings threat of floods across the Southeast
The Atlantic hurricane season has been unusually quiet this year, and Isaias was the first hurricane to hit the eastern U.S. since 2024 PANAMA CITY BEACH, Fla: Isaias peeled off hotel and condominium rooftops and facades along the Florida Panhandle before charging...
Landslide, possible dam breach may have triggered Nepal flash flood,damages two hydropower projects damaged
The flood that struck Nepal around 4 am local time swept away houses and bridges in Gorkha district and damaged two hydropower infrastructure. At least 10 people remain missing, while nearly 50 people have been rescued, according to Nepali authorities. Kathmandu: A...
In one alarming announcement after another, artificial intelligence companies in recent months have shared examples of their technology acting in ways that appeared to evade instructions from humans. The episodes have highlighted the vulnerabilities in AI security and...
Protecting Growth: Insurance every Indian business should have
For service-based MSMEs, particularly IT and ITES companies serving foreign clients, professional liability can be critical. A missed deadline, processing error, incorrect information or system-related mistake can cause a client financial loss and lead to an Errors...
Govt appoints IAS officer Tamboli Fakirbhai from Cabinet Secreteriate as IRDAI executive director
Tamboli Ayyaj Fakirbhai, IAS, executive director, IRDAI Fakirbhai’s appointment is expected to further strengthen the regulator’s executive structure as it undertakes a major overhaul of insurance regulations to push higher FDI, larger number of players and achieving...
The GenAI Revolution: Transforming insurance operations beyond automation
People need to move from asking : “Will AI take my job?” to:“Which parts of my job should AI take away so that I can do something more valuable?” Mohit Sharma, Chief Digital, AI & Transformation Officer, Generali Central Life Insurance As businesses and societies...
Life insurers projected to post 10–20% VNB growth in 2QFY27: Report
"We expect 2QFY27 earnings call discussion and stock price performance to be centered around the impact of the proposed distribution norms and EoM guidelines, with less emphasis on the quarterly financial performance itself," a research report by Kotak Institutional...
Cybersecurity emerges as core economic driver requiring new governance and capital allocation: WEF
To establish consistency across industries and jurisdictions, the report identified six distinct yardsticks: service continuity, recovery credibility, dependency concentration, tail-loss exposure, value preserved, and the effect of cyber posture on the cost of...
Set up panel to examine ‘unethical’ pharma marketing practices: SC to Govt
The bench said the committee would make its recommendations to the Centre regarding appropriate regulatory and/or statutory framework for effectively regulating pharmaceutical marketing practices, keeping in view the need for transparency, accountability and effective...
Consultation paper on AI regulations in a month; safety, deepfakes key focus areas: Vaishnaw
Ashwini Vaishnaw, Union IT Minister The minister made it clear that the industry must shoulder the bulk of the responsibility. ‘The industry has to take the primary responsibility,” he said, listing out issues such as cybersecurity, safety, user harm, psychological...
Medical bodies join hands to push ‘culture of care’ for doctors, tackle stigma
An Indian meta-analysis has found depressive symptoms in approximately one in two undergraduate medical students. A study of resident doctors and faculty at a tertiary-care hospital found that 30.1 per cent screened positive for depression, 16.7 per cent reported...
Over 54% of urban households say economic conditions worsened, finds RBI survey
"The consumer sentiments are optimistic on income and spending amid some concerns regarding economic situation, employment and prices going forward," New Delhi: More than 54 per cent of urban households feel that economic conditions have worsened over the past year,...
Proposed insurance commission caps may hit NBFC earnings from FY28: Report
Nuvama's analysis showed that insurance distribution income accounted for as much as 25.6 per cent of profit before tax for some lenders in FY26, indicating significant earnings exposure to the proposed restrictions. New Delhi: Proposed restrictions on insurance...
Distribution reforms to generate employment, make new players’ entry easier: IRDAI Member
Girija Subramanian,member, Distribution, IRDAI The effective dates under consideration for implementing the new reforms are Jan. 1 and April 1, said Girija Subramanian,member, Distribution, the Insurance Regulatory and Development Authority of India(IRDAI)....
Keralam to bring law guaranteeing care for senior citizens in next Assembly session: CM
V D Satheesan,Chief Minister, Keralam "We are preparing legislation to provide a legal guarantee to senior citizens that they will be protected and that somebody will be there to take care of them," Satheesan said, ahead of the commencement of the Assembly session on...