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RBI flags AI-Powered cyberattacks as biggest threat to banks, NBFCs
"AI-enabled cyber attacks emerged as the most important near-term challenge," it said in the comments that come amid heightened commentary around the capabilities of systems like Mythos. Mumbai:Artificial intelligence-enabled cyberattacks were classified as the "most...
IRDAI issues license to Prudential HCL Health Insurance
Prudential Health India.Prudential plc (UK) and HCL Group announced a 70:30 joint venture in March 2025 to launch a standalone health insurance business in India. Hyderabad: The Insurance Regulatory and Development Authority of India (IRDAI) has granted Certificate of...
Hormuz half-open: tanker fleet prices in recovery hope
Daily rates for a VLCC from the Middle East to China are currently quoted around $287,000, which is down from more than $500,000 shortly before the peace accord was announced.In contrast, rates for chartering smaller tankers have edged higher as the heavy...
Australian consumer regulator sues Amazon over Prime Video advertising
The Australian Competition & Consumer Commission said Tuesday it has commenced proceedings in the Federal Court alleging Amazon breached consumer law by including unfair contract terms in its Prime subscription contracts. It also alleges Amazon later relied on...
Stop miscommunicating, build trust, not fear, to achieve insurance for All: Seth urges life insurers
R Doraiswamy, MD&CEO, Life Insurance Corporation and Ajay Seth, Chairman, IRDAI at an event on Tuesday in Mumbai , Seth raised concerns over selling long-term products without considering customer needs, questioning the rationale for selling term insurance to an...
Economy resilient but risks from monsoon, geopolitical uncertainties remain: FinMin report
Nirmala Sitharaman,Union Finance Minister At the same time, moderation in select indicators, including core industries, fuel consumption, air passenger traffic, consumer confidence, and labour market indicators, suggests some...
India records fifth driest June since 1901 as monsoon rains lag
India received 99.5 mm of rainfall in June against a normal of 165.3 mm, the weather department data showed, as the monsoon reached the southern state of Kerala three days late and its advance across western farming regions stalled for about two weeks....
Renewed vessel attacks disrupt shipping through Strait of Hormuz
Global investors, shipowners and insurers are zeroed in on activity in the chokepoint, which stands as a litmus test of whether the peace deal will endure and whether heavily disrupted supply chains can start to normalize. Commercial traffic through the Strait of...
AI Boom, high debt and market fragilities threaten global stability: BIS
The central bank umbrella group’s Annual Economic Report published on Sunday warned of a complex mix of vulnerabilities, including strained fiscal positions, lingering supply shocks and the risk of a renewed bout of stubbornly high inflation. Global pressures from...
India’s social protection coverage, renewables capacity nearly triples in a decade: Ministry
The data released by the Ministry of Statistics and Programme Implementation on SDG indicators showed that the proportion of the population covered by social protection systems rose from 22 per cent in 2016 to 65.3 per cent in 2026. New Delhi: India has significant...
Enhanced insurance cover for exports to West Asia extended till Sept 30
"The eligibility timelines under Component II of the EPM RELIEF intervention are extended up to 30th September 2026 to support Indian exporters and mitigate logistics challenges arising out of the continuing West Asia Crisis," the Directorate General of Foreign Trade...
Delhi govt clears EV policy; cars under Rs 30 lakh to be exempt from road tax, registration fees
Addressing a press conference, Chief Minister Rekha Gupta said that around Rs 15,000 crore will be invested under the new policy over the next four years to promote electric mobility and reduce vehicular pollution in the national capital. New Delhi: All electric cars...
Venezuela faces $6.7 billion in economic losses from earthquakes:UNDP
Direct physical damage is estimated at $6.7 billion (range of $4.7 billion to $8.7 billion), driven by losses to housing and economic assets, according to the preliminary assessment. This does not include infrastructure damage, wider economic disruption and...
Iran and US step up attacks and threaten to escalate
Iran's foreign minister, Abbas Araqchi, said responsibility for returning maritime traffic in the strait to pre-war levels lay solely with Tehran and urged others not to intervene "in Iran's administration of the strait". DUBAI/WASHINGTON: Iran launched missiles and...
Extreme heat kills more than 1,300 across Europe
And across Europe, "more than 1,300 excess deaths have been recorded since 21 June linked to high temperatures in Europe, Heat stress is often called the 'silent killer' - and European homes, workplaces and schools were not built for these temperatures," WHO chief...
CertIn warns against malware campaign spreading through WhatsApp web
"It has been observed that a large-scale malware distribution campaign is targeting WhatsApp Desktop and WhatsApp Web users. The campaign distributes malicious Visual Basic Script (VBScript) files through direct messages on the platform," CertIn said on June 25. New...
Nadda to launch Aarogya Setu 2.0 and other digital Initiatives for health sector on Monday
The initiatives being launched include citizen-facing applications, provider-focused solutions, interoperability frameworks, registries and data standards. They are expected to enhance accessibility, efficiency and interoperability across the healthcare ecosystem...
Cyber fraudsters use fake court order to dupe bank into defreezing accounts in Kerala
The email contained a forged letter on the Cyber Police letterhead, a fake legal notice and a fabricated court order carrying the forged signature and seal of the Additional Chief Judicial Magistrate Court, Thiruvananthapuram, officials said. The email directed the...