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India’s tech state Karnataka bans social media for children under 16
Less than one-quarter of Karnataka's population is under the age of...
Markets bleed as crude spikes, Nifty drops 582 pts
The sharp fall in domestic equities comes as crude oil prices...
Over 1000 banks, third party apps, payment firm join DoT’s Digital Intelligence Platform
The Department of Telecom said that the players that have joined Digital Intelligence Platform (DIP) have started fraud risk indicators that have helped in preventing potential financial losses of approximately Rs 660 crore across the banking ecosystem New Delhi:Over...
Private credit ratings face fresh scrutiny from global watchdogs
The Financial Stability Board, which monitors global risks, has high-level concerns about the potential for “ratings shopping” in private markets, where firms can seek grades on transactions from multiple providers and opt for the most favorable one, one of the people...
Swiss court admits Indonesian islanders climate case against Holcim
Holcim said it intends to appeal the decision and that the question of “who is allowed to emit how much CO2” should be a matter for lawmakers, not a civil court A court in Switzerland said on Monday it would admit a legal complaint against Swiss cement maker Holcim,...
Hong Kong plans new crypto,infrastructure rules for insurers
The insurance regulator would impose a 100% risk charge on cryptoassets, according to a presentation on Dec. 4 seen by Bloomberg News. Stablecoin investments would attract risk charges based on the fiat currency the Hong Kong-regulated stablecoin is pegged to, the...
AI,cyber, and climate change will be key insurance themes in 2026, predicts GlobalData
Cyber and climate change/natural catastrophes are also key themes. Cyber insurance is continuing to see rapid growth, and this is forecast that to continue through 2030. GlobalData estimates the global cyber insurance market to be worth $22.2 billion in 2025 and $35.4...
Natural disaster blamed for landslide deaths as J-K court quashes plea against Vaishno Devi board
The plea alleged that despite weather advisories issued by the meteorological centre in Srinagar and the J-K Disaster Management Authority, the pilgrimage was not suspended, which amounted to criminal negligence by the CEO and other officials of the Shri Mata Vaishno...
Data breach case: US court approves Infosys McCamish’s proposed USD 17.5 mn settlement
Under the proposed terms, Infosys McCamish Systems had agreed to pay $17.5 million into a fund to settle all the pending class action lawsuits related to a cybersecurity incident in 2023, which identified the Infosys subsidiary as the main source. New Delhi:A US court...
Cyber Insurance in India: Premiums, Ransomware and the AI
At this time the Indian cyber premium pool is expanding rapidly — industry estimates place market size in about one thousand of crores and forecast double-digit growth with cumulative premium estimate of about ₹60Bn for FY ending 2026. Vibhaw Kumar, Executive Vice...
Eggs safe for consumption, cancer risk claims unfounded: FSSAI
In a statement issued on Saturday, the food safety regulator clarified that eggs available in the country are safe for human consumption and that reports alleging the presence of carcinogenic substances in eggs lack a scientific basis New Delhi: The Food Safety and...
India AI Governance Guidelines do not allow unrestricted deployment of high-risk AI systems: Govt
Jitin Prasada,Union Minister of State for Electronics and Information Technology It can also pose risks to individuals and society. Some of these include bias, discrimination, unfair outcomes, exclusion, and lack of transparency New Delhi:The India AI Governance...