John Neal,former chief executive officer,Lloyd's Lloyd’s Chairman...
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Reliance stops Russian oil use at its only-for-export refinery to comply with EU sanctions
The European Union - a big market for Reliance - has imposed...
Agentic AI can improve detection of finance-related crimes, sector currently detects only 2% of it: McKinsey
The report highlighted that agentic AI, an evolution of analytical...
India to focus on climate finance, protecting vulnerable communities COP29
India's key priorities at the conference are likely to focus on ensuring accountability of developed nations on climate finance, strengthening resilience for vulnerable communities, and achieving an equitable energy transition, experts anticipate New Delhi: As world...
Sebi mulls expanding scope of unpublished price-sensitive information
In its consultation paper, Sebi has proposed that only agreements, including shareholder, joint venture and family settlement, that affect the management and control of the firm and are known to the firm should be considered price-sensitive and included in the...
Fraud detection system saves public assets worth Rs 2,500 cr: Scindia
Jyotiraditya Scindia, Union Minister for Communications "In terms of the number of marketing calls you get in your phone, the number of fraud calls that come in, we have put in place a full system to be able to tackle that. Our DoT fraud detection network has saved...
Food companies sell products that are less healthy in poorer countries, says report
“It’s a very clear picture that what these companies are selling in the poorest countries in the world, where they are more and more active, are not healthy products.It’s a wake-up call for governments in these countries to be vigilant,” said Mark Wijne, research...
Boeing to face civil trial over 2019 MAX crash
Boeing has "accepted responsibility for the MAX crashes publicly and in civil litigation because the design of the MCAS … contributed to these events," an attorney for Boeing said at an October 11 court hearing. New York: Beleaguered aviation giant Boeing is set to...
China unveils $1.4 trillion local debt package but no direct stimulus
In an apparent reaction to the U.S. election and the intensifying risks to trade, state media CCTV reported that China's cabinet on Friday approved expanding coverage of export credit insurance and will step up support for trade firms Low wages, high youth...
Emerging Indian Risks: Managing political, technological, environmental, economic, and competitive forces
Neelesh Garg, Managing Director & CEO,TATA AIG General Insurance Company As benign risk environments fade, resiliency is key to thriving amid challenges. Emerging risks are grouped into four categories: Known Knowns (predictable risks), Known Unknowns (risks with...
Max Life partners with Numr to elevate customer experience through predictive analytics
Max Life Insurance Company has announced a strategic partnership with Rebuscode, a wholly owned subsidiary of Numr Canada, a pioneer in digital customer insights and predictive analytics. This collaboration aims to leverage Numr's advanced analytics capabilities to...
To bring down deaths safety must get highest priority while constructing roads Gadkari
Nitin Gadkari,Union Minister of Road Transport and Highways "Every year 1.50 lakh deaths due to road accidents are reported which has now increased to 1.68 lakh. Efforts are on to improve the shortcomings in road engineering and automobile engineering but defective...
Spain floods to trigger total insurance losses in excess of $3.8 billion, will have limited impact on local re/insurers
Another rating agency S&P has said the catastrophic flash floods that hit the Valencia region on Oct. 29 will have limited effects on private insurers and reinsurers. Around 4,500 businesses in the Valencia area have been directly affected, half of which face...