A U.S. Treasury spokesperson called on G7 and European Union allies...
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BIS working on battery swapping in e-mobility sector, says Director General Tiwari
"For e-mobility, we have already developed several standards. They...
PSU banks ready to play a larger role towards Viksit Bharat 2047: DFS Secretary
M Nagaraju, Financial Services Secretary Key suggestions included...
Asia’s extreme April heat worsened by climate change, scientists say
"Heatwaves have always happened. But the additional heat, driven by emissions from oil, gas and coal, is resulting in death for many people." In the Philippines, one of the worst-hit countries, authorities issued health warnings, shut down schools and rationed...
WTW announces market first facility for cargo and war-on-land risks in Ukraine
Sam Warnes, Director Marine Cargo commented, “This facility complements our other cargo war offerings such as our Black Sea Grain facility and $300m facility offering cover in the Red Sea and other high risk war areas.” London: WTW, a leading global advisory, broking...
Advocates cannot be sued under Consumer Protection Act for professional negligence: Supreme Court
A bench presided over by Justice Bela M Trivedi said that the very purpose and object of the Consumer Protection Act, 2019 was to provide protection to consumers from unfair practices and unethical business practices only, adding that the legislature never intended to...
Sebi detects accounting frauds in IPOs of cos
The findings underscore the vulnerability of millions of traders to the risks of price manipulation in this segment due to fewer compliance requirements. They also highlight the limitation of regulatory warnings aimed at curbing enthusiasm for tiny IPOs in India,...
Catastrophe models underestimate climate risks, find out investors
Catastrophe bonds and other insurance-linked securities, which powered last year’s highest-returning hedge fund strategy, are built on calculations that can underestimate a new breed of risk stemming from high-frequency events such as wildfires and thunderstorms,...
Mumbai hoarding collapse: 8 dead, 64 injured, Case of culpable homicide to be lodged
"There will be an investigation regarding what kind of permission they have for this hoarding, whether they had this permission or not. The CM has directed that a proper audit of all the hoardings in Mumbai be done by the BMC to mitigate such incidents in the future....
TATA AIG General launches India’s first satellite in-orbit 3rd-party liability policy
The Indian space industry is experiencing phenomenal growth, with a projected market size reaching into the tens of billions. With the privatisation of space launches, India targets a five-fold increase in its global launch market share, projected to reach $47.3...
Zoox, Amazon’s self-driving robotaxi unit, being probed by US after rear-end collisions
Both crashes happened during the daytime hours and the motorcyclists suffered minor injuries. In both cases, the agency confirmed that each of the Amazon vehicles was operating in autonomous mode leading up to the crashes Detroit: Zoox, Amazon's self-driving robotaxi...
EU says Booking must comply with strict tech rules, investigates X
The Commission said in March that Elon Musk's X, TikTok owner ByteDance and Booking.com may meet EU criteria subjecting them to tough tech rules as so-called gatekeepers Paris:The European Commission on Monday said it had designated Booking as a so-called "gatekeeper"...
Government mandates anti-fake review rules for e-commerce platforms
Nidhi Khare, Secretary, Consumer Affairs Ministry The government issued the new quality norms for e-tailers a year ago, prohibiting them from publishing paid reviews and demanding disclosure of such promotional content. But fake reviews of products and services on...