GIFT City's overall rating improved, underscoring increasing...
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Global financial watchdogs to ramp up monitoring of AI
Banks have been broadly optimistic that AI will make them more...
Cough syrup deaths: Probe against Coldrif manufacturer exposed lapses by TNFDA
A recent inspection by the Central Drugs Standard Control...
US re/insurance broker Lockton sets up operation in India
Sources point out that some of the employees of Aditya Birla Insurance Brokers, whose acquisition by a private equity fund -Samara Capital- has not been approved by the Indian insurance regulator IRDAI yet, have also joined Lockton’s India operation Singapore: US...
Panda to address 2-day Bima Manthan for insurers
Debasish Panda, chairman, IRDAI The 2-day meet on Jan 23rd and 25th will be participated by CEOs of life and general insurance industry respectively Hyderabad: Debasish Panda, chairman, IRDAI, will be addressing the last Bima Manthan meet of FY 2023-24 on Thursday in...
Yet to finalise mechanism for regulating cryptocurrencies: Centre to SC
A bench of justices Surya Kant and K.V. Viswanathan was told by Additional Solicitor General Vikramjit Banerjee, appearing for the Centre, that the issues related to the digital currency are continuously evolving and the government is deliberating on the mechanism to...
Zuckerberg’s firms fined $2.8bn for wrongful user data processing in last 4 yrs: Report
Mark Zuckerberg, CEO, Facebook "The fines levied on Meta are mainly based on the requirement for companies to store data in the country where it is collected rather than permitting unrestricted movement to global data centres," the report said New Delhi: Mark...
In Davos, AI excitement persists but fears over managing risks
The IMF said AI would affect nearly 40 percent of jobs around the world, and some 60 percent in the advanced world -- replacing some jobs while complementing others Walking around in Davos where the global elites gathered for the World Economic Forum this week, there...
Health ministry urges doctors to make it mandatory to mention reason for prescribing Antibiotics
Director General of Health Services Dr Atul Goel has also appealed to all pharmacists to strictly implement schedule H and H1 of the Drugs and Cosmetics Rules and stop over-the-counter sale of antibiotics and sell them only on the prescription of a qualified doctor...
Innovation is key for achieving Insurance for all by 2047 : LIC Chief
Siddharth Mohanty, chairman, Life Insurance Corporation In the age of high competition for the business in the industry, Mohanty, however,emphasised that insurance companies also need to prioritize purpose before profit and should focus on social consciousness rather...
India’s insurance sector to be fastest growing among G-20, may scale $450 bn of prm in next decade: Swiss Re
Swiss Re officials(L to R) Mahesh H Puttaiah, Head Group Economics & Sigma Research, Hadi Riachi, Market Head (India),Vineet Kumar, Head Cat Perils (APAC) at a press conference in Mumbai to release reinsurer's report ``India's Economy & Insurance Outlook...
Indian exporters face rising costs after Houthi Red Sea attacks
Exporters said 95% of vessels had rerouted around the Cape of Good Hope on the southern tip of Africa, adding 4,000 to 6,000 nautical miles and 14-20 days to journeys from India since Houthi militants began attacking shipping in November. The cost of a 24-foot...
IRDAI imposes a fine of Rs 2 cr on Reliance General for violating norms
Reliance General Insurance Company (RGIC) is yet to decide whether to appeal against the IRDAI order in the Securities Appellate Tribunal, said the company sources Hyderabad: Insurance regulator IRDAI, in an order last week, has imposed a fine of Rs 2 crore against...