The study indicated that the net losses of individual traders...
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Carrier becomes latest global firm to sue govt over electronic waste rules
All of the companies0South Korea's Samsung Electronics and LG...
RBI advises banks to integrate DoT’ s financial fraud technology
Banks and financial institutions can use the Financial Fraud Risk...
Fight against inflation not over, job only half done: RBI Governor
Shaktikanta Das,Governor,Reserve Bank of India "Our job is only half done, having brought inflation within the target band (4-6 per cent). Our fight against inflation is not yet over," the RBI Governor said at the latest monetary policy meeting held from June 6-8, the...
Britain says insurer capital rule changes to start by end of 2023
The risk margin refers to the potential cost for a failing insurer to transfer its policies to a third party to avoid disruption to customers. "It is considering options to enable reforms to the matching adjustment to come into force by the end of June 2024, and the...
Amazon duped millions of consumers into enrolling in Prime, US FTC says
The consumer protection agency filed a lawsuit claiming that Amazon’s website manipulates users into enrolling in Prime, where subscribers pay $139 a year for privileges like speedy free delivery, video streaming and access to 100 million songs. The cancellation...
US Slips in supply-chain ranks after child-labor violations
The downgrade follows months of revelations first reported by the New York Times that companies have been employing children as young as 12 to work in dangerous conditions The composition of supply chains is set to play an increasingly important role for businesses...
FSSAI warns HP nutraceutical firms; launches drive to curb menace of spurious products
The National Human Rights Commission (NHRC) has taken cognisance of reports claiming that an industrial area in Himachal Pradesh has become a hub for producing spurious vitamins, syrups, and drugs in the name of food supplements, and sent notices to the Health...
Zero tolerance on spurious medicines, 71 firms issued notices: Mandaviya on cough syrup row
Union Health Minister Mansukh Mandaviya said, ''We have conducted risk-based analysis at more than 125 companies and our squads have visited their facilities. Of these, 71 companies have been served show-cause notices and 18 have been given closure notices.'' New...
SC to hear IRDA’s appeal against SAT order `staying transfer of Sahra Life’s biz to SBI Life’ on July 3
Though, Solicitor General Tushar Mehta, appearing for the IRDA had sought urgent hearing of the matter, SC’s vacation bench presided by Justice Surya Kant said there was no urgency and directed the matter to be heard on July 3 Earlier, in a big relief to Sahara India...
IRDAI asks insurers to put up special measures for any cyclone Biparjoy claims
It needs to be ensured that all claims are surveyed immediately and claim payments/ on account payments are disbursed at the earliest and in any case not exceeding the stipulated timeline Hyderabad: Insurance regulator IRDAI has asked the chiefs of all general...
IRDAI fine-tuning Bima Sugam plans, revamping claim settlement process and ombudsman network: Chairman
(Lto R) SN Rajeswari, member(Distribution), IRDAI, Debasish Panda, chairman,IRDAI, Sumit Bohra, president,Insurance Brokers Association at the Annual Brokers' Meet in Mumbai on Friday "We are working to make the platform and the product as glitch-free as possible,"...
How Europe is leading the world in the push to regulate AI
The measure, first proposed in 2021, will govern any product or service that uses an artificial intelligence system. The act will classify AI systems according to four levels of risk, from minimal to unacceptable. Riskier applications, such as for hiring or tech...