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Allianz to acquire HSBC’s Singapore insurer in $2.1 billion deal
“Singapore serves as our Asia-Pacific headquarters and is central...
BNP Paribas Cardif to acquire 26% stake in IndiaFirst Life from Warburg Pincus
Pauline Leclerc-Glorieux, CEO, BNP Paribas Cardif said "We are very...
South Korea crypto exchange Bithumb says system flaws led to $40 billion error
The country’s second-largest virtual asset exchange said it accidentally gave away about 620,000 bitcoins to customers during a promotional event, instead of 620,000 won ($426), triggering a 17% slump in bitcoin’s price. South Korea’s Bithumb said on Wednesday that...
Govt deliberates on roadmap for Financial Inclusion 2.0
M. Nagaraju, Secretary, Department of Financial Services Nagaraju emphasized the need for further strengthening measures for achieving goal of presence of at least one bank branch in each subdivision in the North Eastern region, enhancing insurance and pension...
Singapore’s 4 telecom companies targeted by cyber espionage group
Google-owned cyber security firm Mandiant has described UNC3886 as a “China-nexus espionage group” that has attacked defense, technology and telecommunications organizations in the United States and Asia. Singapore:Singapore’s four telecom companies, Singtel, StarHub,...
US insurance broker stocks pummeled on AI disruption fear
Insurify’s app uses ChatGPT to compare auto insurance rates using details about the vehicle, the client’s credit history, driving record and other inputs. The company said the app launched on Feb. 3. US insurance broker stocks were pummeled Monday as the launch of an...
AIIA signs MoU with GI Council to launch cashless ayurveda treatment across 32 insurance companies
The primary benefit of this MoU is the establishment of a cashless treatment facility that spans all 32 insurance companies under the General Insurance Council. This initiative is designed to substantially enhance patient access and affordability, expand Ayurveda's...
Parli Thermal Power Station asked to stop operation of 2 units for non-compliance of pollution norms
Parli Thermal Power Stations (PTPS) had not conducted the annual mandatory third-party safety audits of its ash dykes since 2019. The ash dyke areas were accessible to illegal excavators which can lead to serious environmental hazards, the letter said, adding that...
Cybercrime hubs have moved to Southeast Asian countries: CBI director
In 2025, CBI coordinated with international agencies like the FBI of the USA, and agencies of Britain, Japan, and others to expose big gangs of cybercriminals,” the CBI director Praveen Sood said New Delhi, Feb 10 (PTI) The hubs of cyber crimes have moved from...
Govt makes it mandatory to label AI-generated content to counter deepfake
The amendments aim to address the growing risks posed by deepfakes and AI-driven misinformation, while balancing innovation with user safety and accountability. Non-compliance may attract penalties under the Information Technology Act, 2000, and other applicable...
Govt tightens grip on social media with new three-hour takedown rule
"An intermediary shall periodically inform its users, at least once every three months, in a simple and effective manner through its rules and regulations, privacy policy, user agreement, or any other appropriate means," about the consequences of violating rules...
DIIs solidify their dominance on Indian equities, reach 20.6 pc ownership
On a YoY basis, DIIs raised their holdings in 22 out of 24 sectors. The maximum increase in holdings was visible in EMS, Technology, Telecom, Retail, PSU Banks, and Healthcare, while Media and Logistics sectors experienced a reduction in holdings Mumbai: The domestic...