Earlier this month, the proposed sale of a 60.72 per cent majority...
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Chubb releases details structure of the Gulf Maritime Insurance Facility with DFC
The facility will provide war marine risk insurance for hull &...
Post Brexit,UK seeks closer EU ties on financial services for growth
Six years after Britain left the European Union, Keir Starmer’s...
Indian parents now validating their buying decisions based on what their Gen Z teens recommend: Report
The findings also state that Gen Z and Gen Alpha together are driving the family wallet, with projections that Gen Z will account for more than USD 1 trillion in spending by 2030. New Delhi: Parents across India are increasingly validating their everyday decisions...
Ukrainian attack halts oil exports from Russia’s Novo, affecting 2% of global supply, sources say
The attack was one of the biggest on Russian oil-exporting infrastructure in recent months. It follows a ramping-up of Ukrainian strikes on Russian oil refineries since August, part of an attempt by Kyiv to degrade Moscow's ability to finance its war MOSCOW: Russia's...
Need to harmonise regulations across regulators to reduce compliance friction:DEA Secy
Given the rapidly evolving landscape, Department of Economic Affairs Secretary Anuradha Thakur(in pic) emphasised the need for continued reforms and sustained focus on areas such as prudent regulation, disclosure and governance standards, gradual and controlled...
Tampering with mobile IMEI non-bailable offence, attracts 3-yr imprisonment, Rs 50 lakh penalty: DoT
"DoT emphasises that these regulations are essential for maintaining telecom cyber security, preventing counterfeiting, facilitating law enforcement, and ensuring proper tax collection. Strict compliance protects India's telecom infrastructure from counterfeit and...
Exempt life insurance from GST to enable insurers to claim ITC benefits: LIC MD Patnaik
Ratnakar Patnaik,managing director,LIC, appealed to the government for a review into the three-year-old policy of taxing maturity proceeds for policies with premium of over Rs 5 lakh. "Is it time to upgrade or revise upwards to up to Rs 10 lakh, the maturity proceeds...
Around 1.3 million transformer failures occur in India annually
In a meeting on Distribution Transformer, it has been highlighted that the "national distribution transformer failure rate averages around 10 per cent, amounting to nearly 1.3 million transformer failures annually". New Delhi: Around 1.3 million transformer failures...
DPDP Rules:Centre mulls compressing timeline cites industry’s adherence to global data norms
"So as we go forward once data protection board is put in place and the complete digital framework, which has already been prepared, is rolled out… after that we will have further amendments in rules so that we can compress the timelines," IT Minister Ashwini Vaishnaw...
AI tool in national disease surveillance helped issue over 5 000 alerts to health authorities Data
News reports in print, electronic and online media are scanned by media scanning and verification tool under India's 'Integrated Disease Surveillance Programme' (IDSP) for unusual health events, which are then shared with authorities for further action, if deemed...
One-fourth of Indian firms surveyed report cyber losses PwC report
“…25 per cent of businesses say their most damaging data breach in the past three years cost their organisation at least USD 1 million, with exposure highest among enterprises generating USD 5 billion or more in revenue (45 per cent)'' New Delhi: Nearly a quarter of...
India,China driving air traffic growth in Asia Pacific region: AAPA DG
The Asia Pacific region is projected to require 19,560 new narrow-body and wide-body planes over the next 20 years, majorly driven by demand from India and China, aircraft maker Airbus said on Saturday Bangkok: India and China are driving air traffic growth in the...