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Patrick Tiernan appointed as Lloyd’s CEO
Patrick Tiernan, CEO-designate, Lloyd's “My primary focus will be...
Govt notifies cashless treatment scheme for road accident victims nationwide
"Any person being a victim of a road accident arising out of the...
Sebi’s new disclosure norms for listed cos to kick in from Saturday
The regulator has asked companies to disclose agreements entered into by shareholders, promoters, related parties, directors, key managerial personnel, and employees of the listed entity or of its subsidiary, which can impact the management and control of such firms...
India to consider new drugs bill to regulate imports, manufacturing
India's $41 billion pharmaceutical industry is one the largest in the world and has for years helped provide cheaper alternatives to Western products, especially to poor and developing nations. But the recent cough syrup-related deaths and at least one other instance...
The meds they bought were toxic. Now Gambian parents seek justice
20 Gambian children who died after consuming cough syrups made in India will take their government to court this month for allegedly mishandling drug imports Three Gambian lawyers said this is the highest profile case of its kind against the nation's health ministry...
FTC opens investigation into OpenAI over misleading statements
The FTC this week sent a 20-page demand for records about how OpenAI addresses risks related to its AI models. The agency is investigating whether the company engaged in unfair or deceptive practices that resulted in "reputational harm" to consumers The U.S. Federal...
IRDAI announces 3 winners for its first hackathon – “Bima Manthan 2022”
The winners are- AiBorne Tech, which has won the contest for its ` Motor Fraud Prevention/Mitigation’ project, Policybazaar Insurance Brokers Private Limited has become the 1st runner in the contest for its project `Last mile insurance coverage’ while Vlinder is the...
Allianz US unit ordered to pay $6 billion in securities fraud case
US District Judge Colleen McMahon imposed the sentence Wednesday in Manhattan on Allianz Global Investors US, which had agreed to the payout last year when it pleaded guilty to a single criminal charge of securities fraud as part of a deal with federal prosecutors. It...
China issues temporary rules for generative AI services
The Cyberspace Administration of China, which released the set of rules on its website, said that service providers will need to conduct security assessments and perform algorithm filing procedures before product launches. The measures will go into effect on Aug. 15...
UK polluters to face unlimited fines to protect environment
“We are scrapping the cap on civil penalties and significantly broadening their scope to target a much wider range of offenses – from breaches of storm overflow permits to the reckless disposal of hazardous waste,” Environment Secretary Thérèse Coffey said Polluters...
EU Widens Probe of Suicide Risks Linked to Weight-Loss Drugs
The European Medicines Agency said Monday that it was looking at three adverse events in connection with Ozempic and Saxenda after receiving reports from the Icelandic Medicines Agency. Two cases of suicidal thoughts were reported to the EMA relating to the drugs,...
Tangirala joins IRDA and LIC as govt’s nominee
The government has nominated M. P. Tangirala, additional secretary, Department of Financial Services, as as part-time member of the Insurance Regulatory and Development Authority of India as well as director on the board of the Life Insurance Corporation with...