Additional premiums for vessels transiting high-risk waters are...
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Rising tensions in Middle East may impact trade, push up freight, insurance costs
``The disruption in the Strait of Hormuz threatens a major share of...
India braces for hotter-than-normal summer, more heatwave days expected
In March, the first month of the summer season, minimum...
Tesla ordered by Florida jury to pay $243 million in fatal Autopilot crash
The verdict is a rare win for victims of accidents involving Autopilot. Musk has been pushing to rapidly expand Tesla's recently launched robotaxi business based on an advanced version of its driver assistance software. A Florida jury on Friday found Tesla liable to...
July passenger vehicle sales in slow lane as demand softness impact major players
``The cost increase due to addition of six airbags as a standard fitment across models has led to some challenges, and efforts are on to work with finance companies to address financing issues. Sales growth in the rural areas has slowed down to 2-3 per cent as...
15 more banks to implement RBI’s MuleHunter in next 2 months
MuleHunter is based on artificial intelligence and machine learning-based algorithms, and being given free to banks for now, Suvendu Pati, a chief general manager,RBI Mumbai: At least 15 more banks are set to implement the RBI-developed MuleHunter platform over the...
Building Climate Resilience: Strategies for Indian insurance industry
Climate change is a systemic risk that demands a systemic response. As first responders to disasters, insurers must shift their mindset from viewing climate as a hazard to seeing it as a call to innovate Rakesh Jain, CEO, Reliance General Insurance India, with its...
Nearly 6.6 lakh new PM Jan Dhan Yojana accounts opened in 1 month
A staggering 55.44 crore Jan Dhan accounts have been opened in India, 56 per cent of which belong to women, and the total amount in these deposits has surpassed Rs 2.5 lakh crore as of May 21 this year. New Delhi: Nearly 6.6 lakh new PM Jan Dhan Yojana accounts were...
4 tankers with Russian oil idle off India as refiners seek steer
This week, the Trump administration cited the purchases as a reason to hit India with hefty import tariffs and also threatened more unspecified penalties for taking the oil. New Delhi has since asked refiners to devise and share plans on sourcing crude from elsewhere...
Tsunami warnings fading after one of the largest earthquakes ever recorded
The danger had largely passed more than a day after the 8.8 magnitude quake, which was centered off the coast of the Kamchatka Peninsula in Russia’s Far East. No major damage was reported and tsunami warnings were canceled in most areas. HONOLULU: One of the most...
South Africa’s state-owned insurer sets up $1.1 billion riot buffer, to safeguard anticipated future unrest
“All the ingredients for a protest are in place — someone just needs to light the match,” Mpumi Tyikwe, the insurer’s chief executive officer, said in an interview in Bloomberg’s Johannesburg office last week. “We can handle a significant event now. I think anything...
Tsunami Warnings: All 10 most powerful earthquakes recorded in modern history located on the Ring of Fire
The Pacific region is highly prone to powerful earthquakes and resulting tsunamis because it’s located in the so-called Ring of Fire, a region of heightened seismic and volcanic activity At about 11:30 am local time on Wednesday, a magnitude 8.8 earthquake struck off...
Creating realistic deepfakes getting easier than ever, fighting back may take even more AI
Researchers, public policy experts and technology companies are now investigating the best ways of addressing the economic, political and social challenges posed by deepfakes The phone rings. It’s the secretary of state calling. Or is it? For Washington insiders,...