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SC extends mandatory TP vehicle insurance period by one yr, asks IRDA to implement it immediately
The Supreme Court directed third-party insurance period for new...
SC issues nationwide directions to tackle digital fraud, asks RBI to circulate SOP on mule accounts
Seeking greater accountability, the bench asked the authorities to...
Twin powerful quakes devastate Venezuela; Death toll rises to 164, nearly 1,000 injured
Wednesday evening’s 7.2 and 7.5 magnitude earthquakes were among the strongest to strike Venezuela in more than a century and could be felt throughout the region. The country's main airport was damaged and closed, while buildings were evacuated in places as far away...
RBI proposes guidelines for banks to manage AI risks
Banks should establish human oversight for AI models used in automated decision-making, the draft guidelines said.For generative AI models that interface with customers or external users, additional cybersecurity controls should be implemented. MUMBAI: India's...
Allianz warns of significant marine claims from Iran conflict
“Clearly, loss of life and property damage – in terms of both vessels and their cargo – are the main causes to date,” said Regis Broudin, global head of marine claims at Allianz Commercial. The insurance industry is set to face significant claims for ships that were...
Warming Pacific fuels fears of powerful El Niño event
El Niño is a naturally occurring climate phenomenon that can cause drenching rains in one part of the world and drought in another. Scientists identify it by looking at deviations in temperature levels in the Pacific Ocean, most commonly in a region known as Niño 3.4....
46 drug samples manufactured by various firms to be “not of standard quality
Identification of drug samples as NSQ is done based on failure of the drug sample in one or the other specified quality parameters. The failure is specific to the drug products of the batch tested by the government laboratory and it does not warrant any concerns on...
Govt prepares contingency plans for 315 districts as monsoon falters
The India Meteorological Department defines average, or normal, rainfall as between 96% and 104% of a 50-year average of 87 cm (35 inches) for the June-September monsoon season. The state-run weather office last month forecast an El Nino-weakened monsoon in 2026...
Beyond Brexit: Britain’s financial sector charts a new course
“I did believe the City would have another life after Brexit, but I didn’t know it would be so quick and so strong,” said Soren Jessen, whose 1 Lombard Street restaurant faces the Bank of England. Sales are better than ever, he said. London:In the buildup to 2016’s...
Hormuz tanker transits recover after security jitters
There could be more ships plying the strait with their transponders switched off, plus outages reported with AIS ship tracking data, shipping sources said. AIS is the tracking system which traders follow to get information on ship movements. Oil and liquefied natural...
Hormuz transit security is ‘Hour to Hour’ play, Chubb CEO says
“Mines are the greatest uncertainty” in the strait, Greenberg said, as US and Iranian negotiators held talks in Switzerland on a permanent ceasefire and to lock in free passage through the waterway.We’re talking more about a war-zone environment. Only a narrow channel...
Optimism after first talks as US waives Iran sanctions and Lebanon fighting abates
Iran and the US have set up a communication line to “avoid incidents and miscommunication” related to maritime traffic through the Strait of Hormuz, where shipping volumes have picked up in recent days, even if they’re still far off pre-war levels. BUERGENSTOCK,...