The committee noted that under the proposed compensation framework,...
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Kerala partners with SAS to strengthen social welfare schemes delivery using Artificial Intelligence
The collaboration marks an important milestone in Kerala’s ongoing...
Liberty Mutual Reinsurance makes world’s first earthquake parametric payment triggered by Safehub’s Shake Network
Jean-Christophe Garaix, head of parametrics and agriculture at...
Hackers hit Bitcoin’s safest hiding place in ongoing attack
Hackers have found a software flaw in a brand of “cold” Bitcoin wallet — considered one of the safest places to store cryptocurrency — and are siphoning tens of millions of dollars in an ongoing attack. Hackers have found a software flaw in a brand of “cold” Bitcoin...
Wildfires fan record sales of Cat Bonds to backstop risk
Wildfire risk is now the fastest-growing category of natural-catastrophe peril globally, with insured losses rising roughly 12% a year, according to KatRisk, a risk modeling firm. At the same time, investors are getting more comfortable with the financial models being...
SC says catastrophically injured child loses childhood, dignity and future, enhances compensation
Recomputing the compensation under various heads, including future earnings, attendant charges, pain and suffering, loss of amenities and future prospects, the Supreme Court enhanced the compensation to Rs 83.38 lakh with interest at 9 per cent per annum from the date...
India sees post-Covid dip in highway fatalities as safety measures pay off
According to figures tabled in the Lok Sabha by the Ministry of Road Transport and Highways (MoRTH), deaths on national highways and centrally managed expressways dropped 4.1 per cent in the past year, sliding from 64,772 to 62,122. New Delhi: For the first time since...
Average cost of data breach in India hits record Rs 25 crore: IBM Report
"India's accelerating AI adoption is creating immense opportunities for innovation, but it is also enabling cyber threats to evolve rapidly. The findings underscore that organisations using AI and strong governance, were significantly better positioned to fend off...
Domestic investors overtake FIIs in Indian equities as DII ownership hits record high
Over the past 22 months, DIIs have invested a record $166 billion in Indian equities, more than offsetting cumulative foreign outflows of $58 billion during the same period. Mumbai: Backed by strong mutual fund inflows and sustained retail participation, DIIs have not...
No plan to monetise subsidiaries, focus on enhancing their value: PNB MD
He said all subsidiaries also are well capitalised whether the PNB MetLife India Insurance, PNB Housing Finance or PNB Gilts. NEW DELHI: With its capital adequacy ratio exceeding 18 per cent, Punjab National Bank has no immediate plans to monetise its subsidiaries,...
India forecasts below-average August monsoon rainfall
Mrutyunjay Mohapatra, director-genera,India Meteorological Department, Moderate El Nino conditions are prevailing and are expected to strengthen gradually, with the weather pattern likely to become strong by September MUMBAI: India is likely to receive below-average...
FSSAI acts against liquor makers over flavour, labelling violations
The Ministry said laboratory testing of rum and whisky samples from multiple manufacturers found the presence of external artificial or nature-identical flavours. It quoted laboratory findings as saying that "the addition of artificial flavours is masking its natural...
Ebola outbreak in DR Congo spiralling out of control: WHO
The continued increase in cases, expanding geographic spread, and persistently high mortality underscore the rapidly evolving nature of this public health emergency. The World Health Organisation (WHO) has warned that the Ebola outbreak in the Democratic Republic of...