The top court delivered its verdict on pleas, including the one...
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Middle East Crisis: How US-Israeli war on Iran is upending global business
The war has closed much of the region’s airspace and crippled Dubai...
IRDAI issues licenses to Kiwi General Insurance and Allianz Jio Reinsurance, approves draft regulations for new SBSR Act
Ajay Seth, Chairman, IRDAI In order to expedite the regulatory...
Cyber Risks: Frequency of large claims (>€1mn) up 14%, severity increase 17% in H1 2024
Worldwide, the average cost of a data breach reached an all-time high in 2024 of $4.9mn. In comparison, the average data breach costs in Japan, South Korea, ASEAN, and India are $4.19mn, $3.62mn, $3.23mn, and $2.35mn respectively, according to IBM's Cost of a Data...
RBI holds rates, shifts stance to ‘neutral’ signalling rate cuts ahead
Shaktikant Das,Governor,Reserve Bank of India Annual retail inflation remained below the central bank's target of 4% for a second consecutive month, clocking in at 3.65% in August but higher than the revised 3.60% in July and economists' forecast of 3.5% MUMBAI: The...
Floridians flee looming catastrophe as Hurricane Milton approaches
The storm was on a collision course for the Tampa Bay metropolitan area, home to more than 3 million people, though forecasters said the path could vary before the storm makes landfall late Wednesday night or early Thursday morning. Officials from U.S. President Joe...
Indian regulators have done world-class job made system more transparent: FM
Union Finance Minister Nirmala Sitharaman asked banks not to be "stingy" in appointing cybersecurity professionals who will be highly useful in preventing any attacks Mumbai: Union Finance Minister Nirmala Sitharaman on Tuesday commended Indian financial sector...
No digital labour platform perfect to ensure gig workers’ welfare in India: Report
The report by Bengaluru-based Fairwork India, spearheaded by the Centre for IT and Public Policy (CITAPP), International Institute of Information Technology Bangalore (IIIT-B), in association with Oxford University, assessed the 11 platform against five principles:...
Absence of major losses paves the way for competitive pricing in power insurance sector: WTW
A shift in appetite from coal to non-coal power and the phasing out of underwriting existing coal risks have combined to encourage insurers to seek new opportunities in deploying their capital. We are seeing an increasing number of insurers seeking to offer long-term...
Investors’ wealth erodes by Rs 8.9 lakh cr as Sensex tumbles for sixth straight day
Foreign Institutional Investors (FIIs) offloaded equities worth Rs 8,293.41 crore on Monday, while Domestic Institutional Investors (DIIs) bought equities worth Rs 13,245.12 crore, according to exchange data New Delhi: Market investors became poorer by Rs 8.90 lakh...
Indian auto retail sales fell 19%, inventory piles up
According to FADA President C.S Vigneshwar, “the Shraddh period further impacted sales negatively, leading to a YoY decline in retail sales across various categories” New Delhi: Passenger vehicle retail sales have dropped further and fell sharply by 19 per cent...
NSE Clearing warns investors, clearing members against fake communication
These fake circulars and letters, featuring the unauthorized use of NSE Clearing's logo and letterhead, have been circulating, asking individual investors to make payments concerning their allegedly frozen investment accounts New Delhi: NSE Clearing Ltd, an arm of...
The dark side of technology: AI-driven cyberattacks call for upgraded security measures
In September 2024, insurer firm Star Health experienced a significant breach that exposed the sensitive health information of its clients on Telegram chatbots. "Cyber criminals today are not operating manually; they are using AI to automate attacks. They are using...