The case is the latest example of how oil traders and shippers are...
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QatarEnergy extends force majeure on Edison LNG supply to early July
Based on the information received so far, Edison now expects a...
Berkshire taps Charlie Shamieh to succeed Ajit Jain as insurance chief, WSJ reports
Charlie Shamieh,chairman, Gen Re Berkshire owns reinsurer Gen Re,...
SC terms siphoning of over Rs 54,000 cr by digital fraud ‘dacoity’, asks Centre to frame SoP
Noting that such offences may be due to either collusion by or the negligence of bank officials, the top court stressed the need for timely actions from the RBI and the banks. Issuing a slew of fresh directions, it asked the Ministry of Home Affairs to consider the...
Public-private insurance programmes must boost risk reduction to keep disasters insurable:Geneva Association
Jad Ariss, managing director of the Geneva Association, said, “Public-private insurance programmes can’t just be passive shock absorbers that pay out after disaster strikes. To remain viable in a world of escalating risks, they must become resilience engines –...
Cybersecurity breaches emerge as top risk for India Inc: FICCI-EY Survey
"Organisations are navigating a phase where multiple risks are converging rather than occurring in isolation. Inflation, cyber threats, AI governance, climate exposure and regulatory change are interacting in ways that directly influence India Inc’s performance and...
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...
Dubai launches driverless taxi service
The vehicle functions through an integrated system powered by artificial intelligence, advanced sensing technologies, and autonomous decision-making systems. The system ensures safe and seamless mobility within a real urban environment and on roads open to live...
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...
Govt deactivates 2.5 crore Aadhaar IDs of deceased to avoid fraud
Jitin Prasada,Union Minister of State for Electronics and Information Technology The primary motivation for this purge is to close any loopholes that could enable the misuse of personal identities. According to the statement by the Ministry of Electronics & IT,...
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...
Space Insurance:Govt prepares policy framework for covering 3rd party damages due to Indian Space Objects
A draft “Policy framework and guidelines addressing State’s Liability towards third party damages arising due to Indian Space Objects”, is presently undergoing various consultations, which envisages, among others, the third-party liability insurance to be maintained...
Air India 787 fuel switch:Incorrect procedure may have led to issue DGCA to look at other aspects
Meanwhile, Air India is carrying out an inspection of the fuel control switches in all its Boeing 787 planes. The airline has 33 Boeing 787 planes comprising 26 legacy 787-8s and 7 Boeing 787-9s New Delhi/Mumbai: Aviation watchdog DGCA's initial examination of the...