The primary objective "is to unlock the next phase of EV adoption,...
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Safety assessment rating for trucks, heavy vehicles on lines of Bharat NCAP soon: Gadkari
The road transport and highways minister Nitin Gadkari further said...
Renewable Energy: Nat Cat and unmodelled extreme weather risks emerge as a defining challenge
A new report by GCube Insurance calls for action from insurers,...
Rethink needed to regulate Big Tech in finance, says BIS official
Data-rich Big Tech companies such as Alibaba and Amazon have been involved for some time in financial services such as banking, payments, asset management and insurance, with some also providing cloud computing to run key services for banks Their size and reach in...
Banks’ exposure to Adani group “insufficient”, face limited risk: Fitch
''Fitch Ratings believes that Indian banks' exposure to the Adani group is insufficient in itself to present a substantial risk to the banks' standalone credit profiles,'' the rating agency said in a note. New Delhi: Indian banks' exposure to Adani group is...
Edelweiss General Insurance rebrands itself as Zuno General Insurance
Shanai Ghosh, MD & CEO, Zuno General Insurance, said, “Telematics is a silver lining for motor insurance industry in India. It allows us to offer personalized solutions and experience to our customers. Given the exponential growth of smartphone users in the...
Hackers who breached ION say ransom paid; company declines comment
The ransomware outbreak that erupted at ION on Tuesday has disrupted trading and clearing of exchange-traded financial derivatives, causing problems for scores of brokers, sources familiar with the matter told Reuters this week. The hackers who claimed responsibility...
50 govt websites hacked, 8 data breaches in 2022-23 alone: IT Minister informs Rajya Sabha
" There have been attempts from time to time to launch cyber-attacks on Indian cyberspace from both outside and within the country. It has been observed that such attacks compromised computer systems located in different parts of the world and use masquerading...
Citigroup wealth unit stops margin loans against India Adani’s securities – source SI
The group's flagship firm Adani Enterprises called off its $2.5 billion share sale in a dramatic reversal on Wednesday as a rout sparked by the U.S. short-seller's criticisms wiped billions more off the value of the Indian tycoon's stocks. Singapore: Citigroup's...
Reputational Risk: Kidnapped for ransom, 26/11 survivor Gautam Adani faces his biggest challenge yet
Gautam Adani,Founder of Adani Group Hindenburg Research, a tiny New York firm that specialises in short selling, brought out a scathing report that has led to his group shedding more than USD 50 billion in market value in just two trading sessions and Adani himself...
A Class-action wave is coming for ESG claims
The US Securities and Exchange Commission is still reviewing thousands of comments on its proposal to force publicly traded companies to disclose more about the risks they face due to a changing climate, as well as the greenhouse gas emissions in their production and...
Twitter sued in Germany to force the platform to remove antisemitic content
HateAid and the European Union of Jewish Students filed the suit against Twitter to require the platform to clarify basic obligations when moderating criminal content, according to a statement on Wednesday. By filing this lawsuit, HateAid and EUJS said they’re seeking...
Qantas’ safety reputation under spotlight after spate of technical issues
The recent problems have put Australia’s largest airline under scrutiny again, months after it appeared to have resolved an embarrassing run of cancellations, delays and baggage losses. Joyce, who has forged a reputation for shredding expenses to deliver bumper...