Investigators at the finance ministry’s Competition, Consumer...
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DGCA finds various defects in aviation ecosystem during surveillance at major airports
Among other defects, the regulator found that a simulator was not...
Indian insurers say RBI’s limit on duration for state debt STRIPS may dent demand
Earlier this month, the Reserve Bank of India enabled Separate...
Australian companies, directors face new liability for nature-based risks
Directors could be held personally liable for breaching their “duty of care and diligence” under the Australian Corporations Act by not identifying and disclosing nature-based risks. The most egregious violations of director duties can carry large fines or lead to...
Crypto market shows signs of revival after FTX’s disastrous collapse
After peaking at $3 trillion in November 2021, the value of the overall crypto market plummeted through 2022, hitting a two-year low of $796 billion as FTX imploded. It has since clawed back some ground, hovering above $1 trillion most of this year. As of Thursday,...
India First Life gets GIFT City IFSC registration; to commence operation soon
The registration will enable India First Life to expand its reach globally, the company said in a statement. Mumbai: India First Life Insurance on Wednesday said it has received the registration to undertake life insurance business in the Gujarat International Finance...
AIs could soon run businesses – it’s an opportunity to ensure these ‘artificial persons’ follow the law
Many functions inside small and large companies have already been delegated to AI in part, including financial operations, human resources and network management, to name just three. AIs can now perform many tasks as well as humans do. For example, AIs can read...
Biden signs sweeping executive order regulating artificial intelligence
The lengthy executive order, released on Monday, sets new standards on security and privacy protections for AI, with far-reaching impacts on companies. Developers such as Microsoft Corp., Amazon.com Inc and Alphabet Inc.’s Google will be directed to put powerful AI...
“Flight problems, baggage and refund issues are major complaints of air passengers”: DGCA
Consumer Affairs Secretary Rohit Kumar Singh mentioned that the National Consumer Helpline has received about 10,000 complaints related to the airline sector in the last year. The report states further that the maximum number of complaints were received by Indigo (61)...
Sebi turns up heat on unregistered influencers giving tips on social media
Sebi has repeatedly warned investors about the dangers of acting on dubious advice on social media, and has taken action against at least 29 unregistered entities for giving recommendations Mumbai: India’s legion of financial influencers are once again under the...
FACTBOX-Governments race to regulate AI tools
Rapid advances in artificial intelligence (AI) such as Microsoft-backed OpenAI's ChatGPT are complicating governments' efforts to agree laws governing the use of the technology. Here are the latest steps national and international governing bodies are taking to...
23andMe notifies customers of data breach into its ‘DNA Relatives’ feature
In the new emails, 23andMe told customers there was a breach of one or more accounts connected to theirs through the DNA Relatives feature. That feature allows users around the world to connect and share their personal data, including relationship labels, ancestry...
ANALYSIS-Time for central bank digital currencies to prove their worth
"ECB is one of the biggest central banks, so if it comes up with answers to the privacy and cyber security issues and the ability to use it offline, it will be a very influential."Josh Lipsky, who runs a global CBDC tracker at the Atlantic Council. A milestone move by...