Section 5 under the draft rules prohibits entities from offering,...
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Cough syrup row Rajasthan govt suspends drug controller, halts distribution of Kaysons Pharma drugs
This comes amid reports of deaths of 11 children, nine in Madhya...
Govt issues notices to 25 offshore crypto assets cos for non-compliance of money laundering law
The government has also instructed these entities to take down...
China blocks use of Intel and AMD chips in government computers, FT reports
The procurement guidance also seeks to sideline Microsoft's Windows operating system and foreign-made database software in favour of domestic options, the report said. According to the FT report, Chinese officials have begun following the guidelines, which were...
Regulatory Revamp: IRDAI approves Bima Sugam, unveils 8 new principle-based consolidated regulations
Debasish Panda, chairman, IRDAI These new regulations encompass pivotal domains such as safeguarding of policyholders' interests, rural and social sector responsibilities, electronic insurance marketplace(Bima Sugam), insurance products and operation of foreign...
V Jagannathan’s new health insurance venture `Galaxy Health’ receives IRDAI nod
V. Jagannathan Galaxy Health and Allied Insurance Company is a joint venture between V Jagannathan's family, who had earlier the founded Star Health Company and TVS group. Former Star Health CEO Dr S Prakash has also joined the new venture as a CEO. Hyderabad: Galaxy...
UN adopts first global artificial intelligence resolution
The resolution is the latest in a series of initiatives - few of which carry teeth - by governments around the world to shape AI's development, amid fears it could be used to disrupt democratic processes, turbocharge fraud or lead to dramatic job losses, among other...
Apple, Meta, Google set to face EU Digital Markets Act probes, sources say
Digital Markets Act breaches could cost the companies as much as 10% of their global annual turnover. The landmark EU tech rule requires the companies to give users and rivals more choices to ensure a level playing field Apple, Meta Platforms and Alphabet's Google are...
US sues Apple, alleging it illegally monopolized the smartphone market
The Justice Department said Apple charges as much as $1,599 for an iPhone and makes larger profits than any others in the industry. Officials also said that Apple charges various business partners — from software developers to credit card companies and even its rivals...
PB Fintech to set up payment aggregator subsidiary
The subsidiary called ‘PB Pay Private Limited’ would carry on the business of payment aggregator’ domestic and/or cross border or both, as may be permitted by the Reserve Bank of India, by facilitating merchants with offline and/or digital payment acceptance...
LIC terminates services of its employee in front-running trades case
Sebi on Tuesday confirmed a securities market ban on five entities, including an employee of Life Insurance Corporation of India (LIC), in a case pertaining to front-running trades of the state-owned insurer Mumbai: Life Insurance Corporation (LIC) on Wednesday said...
French competition watchdog hits Google with 250 mln euro fine
The watchdog said Google's AI-powered chatbot Bard - since rebranded under the name Gemini - was trained on content from publishers and news agencies, without notifying them. Google has pledged not to contest the facts as part of settlement proceedings, the watchdog...
IRDAI Board meets today, to approve Bima Sugam
Bima Sugm will be officially called as Rashtriya Bima Sugam Nigam Ltd, built with an intial corpus of Rs 200 crore and the shareholding of the company will be widely held amongst life insurers, general insurers and health insurers with no single entity having...