In a social media post, the Food Safety and Standards Authority of...
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Banks to remain open on next Sunday, ahead of proposed 3-day strike, Sept salaryof govt employees to be paid on 25th: MoF
The release said the decision was aimed at ensuring that the...
Hydropower Risks: Mapping interdependencies and building resilience
From an insurance perspective, events such as recent floods in...
RBI Governor advises fintech firms against expanding business by exploiting regulatory gaps
Sanjay Malhotra,Governor, Reserve Bank of India Reserve Bank of India Governor Sanjay Malhotra cautioned companies against adopting a strategy of scaling first and seeking regulatory forgiveness later, saying that firms attempting to outrun regulations could...
SEBI preparing markets for quantum computing risks, post-quantum cryptography: Tuhin Kanta Pandey
Pandey said sufficiently advanced quantum computing could pose a risk to the cryptographic systems currently used to secure digital information. Mumbai: The Securities and Exchange Board of India (SEBI) is preparing the securities market for cybersecurity risks that...
BRICS Climate Agenda: Focus on Global South as India pushes for sustainable future
While energy transition focuses on reducing future emissions, climate adaptation is becoming increasingly important for countries already dealing with climate-related risks. As India prepares to host the 18th BRICS Summit, climate action is emerging as an important...
Equity MF inflows hit 4-Month high in August: AMFI Data
The overall mutual fund industry saw a decline in net inflow to Rs 41,353 crore in August compared to a staggering Rs 2.36 lakh crore in July. This was primarily driven by debt-oriented schemes, which experienced an outflow of Rs 8,127 crore as compared to an inflow...
China to pump $45 billion into state banks, insurers in capital-boosting push
Last week, the National Financial Regulatory Administration published draft amendments to the Insurance Law. The first such revisions since 1995 propose tighter oversight of insurers’ shareholders, higher minimal capital thresholds, a wider scope of insurers that...
Alternative-fuel car: Sales more than petrol vehicles on cost, E20 concerns, dealers’ body says
Alternative-fuel models, including compressed natural gas, hybrid and electric models, accounted for nearly 42% of passenger-vehicle sales, while petrol vehicles stood at about 41%, according to the Federation of Automobile Dealers Associations (FADA), which...
Atlantic Hurricane season remains most Tranquil since 1941
The tranquil Atlantic is good news for the millions of people who live along the US East and Gulf coasts, or on Caribbean islands. It also means fewer disruptions for the oil and gas export terminals that line the Gulf of Mexico. September is usually the month when...
OpenAI commits $1 billion to cyberdefense effort amid AI safety scrutiny
OpenAI has faced increased scrutiny since its own AI agent breached systems at open-source platform Hugging Face during a July test and attempted to hide its actions. Similar concerns have emerged at rival Anthropic. Both firms are preparing for mega IPOs. OpenAI said...
Data Centres: Global investment boom could create USD200 billion commercial insurance opportunity amid rising accumulation risks, says Swiss Re
Gianfranco Lot, Swiss Re's Chief Underwriting Officer P&C Re, says: "We are seeing the digital economy become a real economy. AI needs data centres, power grids and increasingly complex infrastructure – and all of it needs insurance. That creates growth...
Nepal floods could cost insurers over $130 million even before death, injury claims
Eleven Nepali hydropower projects lie in the affected region, some covered by standard commercial insurance policies that are still being assessed, said Toton Chakraborty, CEO of Oriental Insurance Company Nepal. MUMBAI:The devastating flood in Nepal last week could...