The exercise will help assess existing logistics infrastructure,...
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Risk Management
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Cyberattack disrupts check-in systems at major European airports
London Heathrow Airport, Europe's busiest, said a technical issue...
Consumer Affairs Ministry activates dedicated INGRAM portal to handle GST-related complaints
This category features major sub-categories, including Automobiles,...
Cloudburst in Shimla: Malana Hydropower project on Parvati River bursts, 36 missing
No loss of life has been reported in the Kullu and Mandi districts so far. Heavy damage to public and private property was reported on Thursday owing to the downpour that triggered a flash flood downstream in the Beas River from Palchan to Patlikuhal in Himachal...
Fed leaves rates unchanged, nods to possible September cut
Fed Chair Jerome Powell While Fed officials are wary of any actions that could mar their data-not-politics approach to setting monetary policy, the steady drop in inflation in recent months prompted a broad consensus that the inflation battle was near an end...
Spain fines Booking.com $448 million for abusing dominant position
Booking Holdings intends to appeal the fines as it strongly disagrees with the "outcome of CNMC's investigation", a company spokesperson said in an email, adding it considers the issue should be debated under the European Union's Digital Markets Act rules MADRID:...
Ransomware attack forces hundreds of small Indian banks offline, sources say
The attack affected C-Edge Technologies, a provider of banking technology systems to small banks across the country, they said MUMBAI: A ransomware attack on a technology service provider has forced payment systems across nearly 300 small Indian local banks to shut...
Centre alerted Kerala govt on July 23, Amit Shah tells RS on Wayanad disaster
Union Home Minister Amit Shah "Everyone is questioning the government, but I would like to ask what did the Kerala government do. It was a vulnerable situation, but why the people were not shifted to safer places? They were only shifted after the disaster," said HM...
Meta to pay $1.4 billion to settle Texas facial recognition data lawsuit
The lawsuit, filed in 2022, was the first major case to be brought under Texas’ 2009 biometric privacy law, according to law firms tracking the litigation. A provision of the law provides damages of up to $25,000 per violation. Texas accused Facebook of capturing...
Global Nat Cat insured losses at $ 62bn in H1 24, significantly higher than 10-yr average of $ 37bn, Munich Re report
Thomas Blunck,Member of the Board of Management, Munich Re said,”Weather-related natural disasters, especially in North America, are prominent once again in the loss statistics for the first half-year. In addition, there has been flooding in regions where it is...
Companies ‘Paralyzed’ as Australia plans tough climate rules
Authorities estimate the average cost of compliance to be A$1 million ($655,550) but some large organizations calculate the total is likely to be above A$3 million, said Jillian Button, head of climate change at law firm Allens Australia’s plans to introduce stringent...
Global aviation insurance premium to hit a 20-year high of more than $8bn in 2024, says Allianz
Analysis of more than 32,000 industry claims from 2019 - 2024 with a total value of US$15bn (€14bn) shows that collision or crash incidents (63%) and faulty workmanship or defective products (22%) are accountable for 85% of the value. Other incidents like natural...
Future Generali India Insurance launches Disability Income Protection insurance Plan
The Disability Income Protection insurance plan from FGII is a Group Health Insurance product which covers both temporary and permanent disabilities. These include both physical and mental illnesses that are diagnosed while being insured, physical injuries caused by...