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India records one of the fastest poverty declines in the world, poverty down from 27.1% to 2.6%: World Bank
The report attributed the decline mainly to strong consumption...
Assam monitoring situation after glacial lake outburst in Bhutan
A flood caused by the Shintaphu glacial lake bursting its banks has...
Govt plans jobs survey changes to add unpaid work, improve gig worker data
"This initiative to estimate platform gig workers is a half-step as there are a large number of informal gig workers who are not on any platform," said K.R. Shyam Sundar, a labour economist and a former professor at XLRI Jamshedpur. NEW DELHI: India has proposed...
Centre expects anti-Cancer drug prices to fall 20-70% under proposed trade margin cap
In an affidavit filed before the Supreme Court in a pending plea seeking regulation of medicine prices, the Union government, through the Department of Pharmaceuticals, said it had decided to rationalise trade margins on anti-cancer drugs after extensive consultations...
Hacking attempts surge as companies, governments rush to patch PHP flaws
The emergency shutdowns of banking, airline, rail, tax and government services from Tokyo to Helsinki mark one of the most dramatic tests of the decades-old programming tools that keep the web running, exposing how deeply governments and companies depend on code that...
AI-discovered bugs may soon trigger fresh disruptions, cyber experts say
The outages that spread across government sites in Europe and elsewhere beginning on Wednesday happened after the discovery of weaknesses in PHP, a venerable programming language that powers a huge swath of the internet. Operators have been rushing to fix their...
State Bank of India reports cyberattack involving nearly 3,900 customer records
SBI is investigating the breach after a preliminary analysis identified nearly 4,000 records containing customers’ personal information, the bank said in an exchange filing Wednesday. About 375,000 records available on the dark web were analyzed as part of the initial...
Moody’s launches Casualty Risk Intelligence Group, to contribute insights for global casualty (re)insurance market
The casualty industry faces increasing complexity, ranging from longstanding tort exposures and mass litigation to emerging risks such as artificial intelligence liability, as firms navigate a rapidly evolving landscape. Against this backdrop, casualty (re)insurers...
French riots seen as insurance test before new regime kicks in
The damage wrought cross France by the recent street riots will demonstrate the extent of current insurance coverage, just months before a new state-backed system kicks in, according to DBRS Morningstar analysts. The damage wrought cross France by the recent street...
French violence raises alert as protests flare across Europe
Damage from the unrest will cost “hundreds of millions of euros” to repair, according to Alexandre Bompard, chief executive officer of grocer Carrefour SA and also the head of the French trade and distribution federation. He said in a Sunday interview on LCI that...
AI agents can pose insider security risks even without being hacked: Microsoft
Microsoft warned that AI agents increasingly have access to sensitive corporate data, tools and systems, allowing them to make decisions and take actions in critical business processes.The warning comes as companies increasingly use AI agents to automate business...
Nearly 70% of passenger vehicles sold in India are utility vehicles as SUVs drive growth
JM Financial noted that the utility vehicle segment had continued to outperform the broader passenger vehicle market. The growing share of these vehicles has become a key feature of the industry's recent performance. New Delhi: Nearly seven out of every 10 passenger...