Reserve Bank of India Governor Sanjay Malhotra said AI built on top...
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Girija Subramanian takes over as member Distribution,IRDAI
Girija Subramanian, member, Distribution, IRDAI Except the post of...
FSSAI warns Diageo its whisky’s ‘matured in American oak casks’ claim was misleading
The FSSAI announced on Sunday it had prohibited sales of Diageo's...
EU needs regulations to manage growing security risks posed by Chinese intelligent vehicles
Intelligent cars, typically electric or hybrid vehicles, allow for expansive data to be collected including geospatial and personal data, Warsaw-based Center for Eastern Studies said. That leaves European countries vulnerable to cyberattack and exposed to the risk...
South Korean insurance majors eye Indian market
Samsung and Hyundai Marine & Fire are interested in potentially entering the non‑life insurance sector, the first source said, while Mirae Asset Financial Group is focusing on life insurance. Mumbai:After Korean Re, South Korean firms Samsung Fire & Marine...
Bajaj Life Insurance to apply for Pension Fund Manager and GIFT City licences
Tarun Chugh, MD & CEO, Bajaj Life Insurance, said, “The Board’s approval for seeking approvals from PFRDA, IFSCA and IRDAI is a pivotal step as there is a pressing need for dedicated pension solutions in India, and a PFM company will allow us to offer a complete...
Banks will pay deposit insurance premiums linked to their risk profile from Apr 1
Under the new framework, banks will be assessed using financial and supervisory indicators such as capital strength, asset quality, earnings and liquidity, as well as the potential loss their failure could impose on the deposit insurance fund, the RBI said. Mumbai:...
RBI announces Rs 25k compensation to bank customers hit by digital fraud
"As long as (the customers) are defrauded whether on their own accord or anyone else's accord, no questions asked… we will compensate them as long as it is unintended,"Reserve Bank Governor Sanjay Malhotra MUMBAI: Amid growing digital fraud, the Reserve Bank on...
Interest rates to remain at low level for long period of time: RBI Guv
"The policy rates will continue to be at low levels for a long period of time (and) they will go down even further," Malhotra said in a post-monetary press conference. Mumbai: Reserve Bank Governor Sanjay Malhotra on Friday said the key policy rates will remain at low...
377 aircraft identified for repetitive defects since Jan last year, says govt
Of these, 405 aircraft belonging to IndiGo were analysed for repetitive defects and 148 were identified for repetitive defects, as on February 3, this year, as per data presented by Minister of State for Civil Aviation Murlidhar Mohol in Lok Sabha. New Delhi:A total...
Competition regulator orders probe into IndiGo after mass flight cancellations
More than 10.4 lakh passengers were affected by flight cancellations in December, with over 93 percent of the total passengers getting impacted by IndiGo cancellations New Delhi: India's competition regulator, Competition Commission of India(CCI), has ordered an...
EU body’s advice on toxin limit in baby formula prompts more recalls
Cereulide, a toxin that can cause nausea and vomiting, has been detected in ingredients from a Chinese factory supplying major formula makers including Nestle, Danone and Lactalis.The contamination triggered infant formula recalls in dozens of countries and heightened...
Air India checking fuel switches on its Boeing Dreamliners, memo says
The checks have not unearthed any issues so far and will not require grounding of the fleet, a source with direct knowledge of the matter said. The carrier, owned by Tata Group and Singapore Airlines, has a fleet of 33 Boeing 787 aircraft, according to Flightradar24....