`GIC Re’s broad objective is to maintain its dominance in the...
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IRDAI closely monitoring health insurance claims gaps, says Chairman Seth
Ajay Seth, chairman,IRDAI `While the number of health insurance...
Max Financial Services Q2 profit plummets to Rs 6cr
Axis Max Life reported New Business Margins of 23.3 per cent in H1...
SC seeks Centre’s reply on plea to ensure adequate life support facilities in ambulances
Besides other prayers, the plea has sought directions to the authorities to establish or continue with a telephone or online helpline facility for the public to report complaints pertaining to inadequate or improper facilities in ambulances or overcharging,...
“Ground Boeing 787 aircraft for electrical checks”: Federation of Indian Pilots
"Since June 16, 1925, we have reiterated that all B-787s in the country must be thoroughly checked for their electrical systems. On 04 Oct the RAT deployed on AI-117 a/c while on approach at BHX. On 09 Oct, AI-154 from Vienna to Delhi diverted to Dubai due to major...
Cough syrup deaths: Probe against Coldrif manufacturer exposed lapses by TNFDA
A recent inspection by the Central Drugs Standard Control Organisation (CDSCO) exposed the unit's appalling conditions and total non-compliance with Good Manufacturing Practices (GMP), the sources said The investigation against the Kanchipuram-based manufacturer of...
Minister of Communications cautions against AI’s unchecked risks
``Facial recognition systems have misidentified minorities with up to 80% error rates, while in healthcare, AI misdiagnosed 20% of tuberculosis cases in Uttar Pradesh hospitals—underscoring the danger of opaque, unaccountable systems''Pemmasani Chandra Sekhar,...
Thane MACT awards Rs 1.2 crore compensation to kin of businessman killed in expressway accident
Tribunal member R V Mohite on Thursday directed the owner of the tempo involved in the accident and the insurer, ICICI Lombard General Insurance Co. Ltd, to jointly and severally pay the compensation with 9 per cent interest per annum from the date of the petition...
Govt throws open CMD posts of PSU general re/insurance cos and one position of LIC MD for pvt sector professionals
The new norms now will allow eligible private sector professionals to apply for the CMD post of GIC Re, which has fallen vacant after N Ramaswamy retired on Sep 30 External Candidates applying for posts of CMDs of PSU general insurance companies should have minimum 21...
Canara HSBC Life IPO sees tepid response; subscribed 6 pc on day 1
The retail individual investors (RIIs) category was subscribed 9 per cent, and the portion for non-institutional investors received 3 per cent. The qualified institutional buyers (QIBs) category did not see any participation so far. Canara HSBC Life Insurance Company...
Sitharaman asks fintechs to strengthen risk management to check AI misuse
"Even as AI opens extraordinary possibilities, we must confront its darker side. The same tools that power innovation can be weaponised for deception and for fraud. I'm not personalising it, but I can say, I have seen several deepfake videos of myself being circulated...
NITI Aayog unveils roadmap on AI to empower 490 million informal workers
NITI Aayog's Mission Digital ShramSetu will harness AI, blockchain, immersive learning, and other frontier technologies to dismantle structural constraints — ranging from financial insecurity and limited market access to lack of skilling and social protection — and...
Bajaj Finserv rebrands insurance businesses as Bajaj General Insurance and Bajaj Life Insurance
Sanjiv Bajaj, chairman & managing director, Bajaj Finserv "The acquisition of shares in accordance with the terms of the Share Purchase Agreement( SPA), is expected to be completed in the coming months, making both insurance entities wholly owned by the Bajaj...