Regulators globally have begun to focus more keenly on the impact...
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Trump says there will either be a deal with Iran or US will ‘finish the job’
Donald Trump,President .US "We're either going to make a deal or...
Google loses final appeal against €4.1 billion EU antitrust fine
The Android fine was imposed in 2018, a year after the Commission...
Chubb to be lead partner on US’s $20 billion Maritime Reinsurance Plan
“Together, DFC and Chubb have identified several American insurance companies to provide reinsurance policies behind Chubb and alongside DFC to expand market capacity,” the agency added. US insurance giant Chubb will be the lead partner on the U.S. International...
Shipping in Straits of Hormuz halted due to safety concerns, not insurance,says IUA chief executive
“Most prominent is shipping in the Straits of Hormuz where trade has been halted, not by a lack of available insurance, but by obvious safety concerns. The market for marine war risks is operating in the manner we would expect, given the increase in threats to...
AI-controlled toys serious threat for safety of children, action being taken: Vaishnaw
"AI-controlled toys are a serious threat to the safety of children. All steps that are required for this are being taken in consultation with the consumer affairs and the home ministries. Whenever we receive reports of any incidents, immediate action is taken," Union...
Amazon not seller but a platform: Court quashes notice against its directors over sale of abortion pills
Kandula Raghava Rao and Noorulamin Mohammed Saheb, directors of Amazon Seller Services Private Limited (ASSPL), had challenged a notice issued by a magistrate court based on a complaint by the Food and Drugs Administration for alleged violation of the Drugs and...
Citi, StanChart evacuate Dubai offices, HSBC closes Qatar branches as fears grow
The moves came after a spokesperson for Tehran's Khatam al-Anbiya military command headquarters said on Wednesday that Iran will target economic and banking interests linked to the U.S. and Israel in the region, after an attack on an Iranian bank. DUBAI/LONDON:...
Drone strikes near Dubai airport deepen Gulf aviation chaos
The U.S.-Israel war against Iran has led to tens of thousands of flight cancellations, reroutings and schedule changes worldwide, shutting much of the Middle East’s airspace – including Qatar's – due to missile and drone threats. DUBAI: Two drones fell near Dubai's...
Investors’ wealth tumbles by Rs 5.14 lakh cr as markets plunge nearly 2 pc
Foreign Institutional Investors (FIIs) offloaded equities worth Rs 4,672.64 crore on Tuesday, according to exchange data. Domestic Institutional Investors (DIIs), however, bought stocks worth Rs 6,333.26 crore. Mumbai:Stock market benchmark indices Sensex and Nifty...
Cyber fraudsters using new tech to bypass UPI security for financial transactions: Report
According to the report, the firm has identified at least 20 active groups on messaging platform Telegram, each with over 100 members, where a toolkit by the name of "Digital Lutera" is being discussed, distributed, and operationalised. New Delhi: Online fraudsters...
Govt undertaking special drive to enable cooperative banks to become insurance distributors: Amit Shah
Amit Shah,Union Minister for Home and Cooperation Under the campaign, in alignment with the goal of Insurance for All by 2047 and to realise the vision of Sahakar se Samriddhi, a special drive has been undertaken by the Ministry of Cooperation to enable Cooperative...
Engagement with global stakeholders essential for building a resilient and forward-looking Indian insurance ecosystem:Seth
“Engaging with international stakeholders allows us to better understand global perspectives,share our regulatory approach and better align with evolving market dynamics,” Seth said while addressing a virtual engagement organised by the IRDAI, in collaboration with...