The value of LIC’s investment in seven Adani group companies has...
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Middle East tensions: India may suspend flight ops to Israel
''We are closely monitoring the developing situation in the Middle...
Finmin for enhanced KYC, due diligence for merchants & banking correspondents to check fraud
During 2023, as many as 11,28,265 cases of financial cyber fraud...
Emerging markets suck in $17.9 billion during October – IIF
Equities were more sensitive to political risk and uncertainty stemming from the upcoming U.S. election. Equity inflows stood at $6.3 billion, of which $4.7 billion were to China.
HDFC ERGO implements AI enabled solution to automate motor claims
Parthanil Ghosh, president – Motor Business HDFC ERGO General Insurance said, ” We have implemented the use of AI in one of the most complex process of claim settlement post exhaustive testing and by leveraging the best-in-class technology. At present almost 75% of our physical inspections are assisted through IDEAS tool and have already processed more than 20,000 motor claims with promising accuracy levels. We look to further revolutionize the way claims will be settled in the insurance sector and very soon move towards instant claim settlements for customers, turning their satisfaction into delight.”
India’s October factory growth at decade high as demand bounces back
“Companies were convinced that the resurgence in sales will be sustained in coming months, as indicated by a strong upturn in input buying amid restocking efforts.”
Both output and new orders, which tracks overall demand, grew at their sharpest rates in more than 12 years and foreign demand expanded at its quickest pace since December 2014.
But firms cut staff for the seventh month in a row, a streak not witnessed since the survey began in 2005, signaling a quick recovery in the consumer-driven economy may be a distant possibility.
There would be significant cyber losses in the next 10 years: Mumenthaler
`There are certain tail risks that are too big, in my view, for the insurance industry to carry. We can carry a certain amount of risk, and we are active in the market, but I think the capacity will run out within the next three years.The shadow of cyber risk still looms large, with bad actors or rogue states capable of launching damaging cyber attacks that could even result in human losses, given our dependence on technology. It’s not a random event. It’s perpetuated by people and on the aggregation side it’s a real challenge,” he explained…
Ransomware attacks surge 40% globally in Q3: Report
While sensors in India, the UK and Germany recorded decreases, the US saw a staggering 145.2 million ransomware hits in Q3 — a 139 per cent year-over-year increase, said the report.
Hackers attack 100 key people to collect intelligence: Microsoft
As always, enabling multi-factor authentication across both business and personal email accounts will successfully thwart most credential harvesting attacks like these, Microsoft said.
UK watchdog fines Marriott 18.4mn pounds over data breach
The personal data involved differed between individuals but may have included names, email addresses, phone numbers, unencrypted passport numbers, arrival/departure information, guests’ VIP status and loyalty programme membership number.
India’s COVID-19 caseload reaches 82.67 lakh, recoveries surge to 76,03,121
A total of 76,03,121 people have recuperated from the infection so far, pushing the national recovery rate to 91.96 per cent, while the case fatality rate stands at 1.49 per cent.
The number of active cases remained below six lakh for the fifth consecutive day.
There are 5,41,405 active cases in the country as on date which comprise 6.55 per cent of the total caseload, the data stated.
India’s COVID-19 caseload crosses 82 lakh-mark, national recovery rate reaches 91.68 %
A total of 75,44,798 people have recuperated from COVID-19 so far, taking the national recovery rate to 91.68 per cent, while the case fatality rate was recorded at 1.49 per cent.
The number of active cases of COVID-19 remained below six lakh for the fourth consecutive day.
There are 5,61,908 active coronavirus cases in the country as on date which comprise 6.83 per cent of the total caseload, the data stated.
India’s COVID-19 caseload climbs to 81,84,082
A total of 74,91,513 people have recuperated from COVID-19 so far taking the national recovery rate to 91.54 per cent while the case fatality rate was recorded at 1.49 per cent.
The number of active cases of COVID-19 remained below 6 lakh for the third consecutive day.
There are 5,70,458 active cases of coronavirus infection in the country as on date which comprises 6.97 per cent of the total caseload, the data stated.