It encompasses basic concepts related to AI, its use in various...
Category:
Risk Management
Latest
Sebi mandates cooling-off period for directors at market infrastructure institutions
In two separate notifications dated April 30, Sebi said that a...
TikTok fined $600 million for sending EU data illegally to China
“TikTok did not address potential access by Chinese authorities to...
SpiceJet’s Dubai-Madurai flight delayed after aircraft’s nose wheel malfunctioned
This is reportedly the ninth technical malfunction in a SpiceJet aircraft in the last 24 days. This comes after, DGCA on Wednesday (July 6) issued a show-cause notice to SpiceJet after eight technical malfunctions in its aircrafts since June 19. The aviation...
Data Privacy: How Razorpay became victims of Alt News vs Delhi Police fight
For companies like Razorpay, the only hope lies in a data protection law, which has already been five years in the making. It may help them build trust if service providers are required to provide color codes indicating whether a particular piece of personal data...
Passengers avoid SpiceJet after mid-air safety failures: Survey
In a rare occurence, India’s aviation regulator on Wednesday said SpiceJet failed to build “safe, efficient and reliable” services in the wake of recent issues. It’s given the airline three weeks to explain why action shouldn’t be taken against it New Delhi:...
Heat stress rising in India, heat waves second biggest killer among natural forces
Data from the National Crime Records Bureau (NCRB) that also captures accidental deaths including those from climatic stress, shows that between 2015 and 2020, 2,137 people had reportedly died due to heat stroke in the states in the northwest. But the southern...
8 mid-air incidents in 18 days: DGCA issues show-cause notice to SpiceJet
As a DGCA review of the incidents showed that ''poor'' internal safety oversight and ''inadequate'' maintenance actions have resulted in ''degradation'' of the safety margins of SpiceJet, the airline's chief Ajay Singh asserted it will be ''doubly careful'' and...
Razorpay shared donor data with police without informing, Alt News alleges
In a statement, Razorpay, without referring to the specific allegation of Alt News, said that it was mandated to comply with the written order from legal authorities under the provisions of the law New Delhi: Fact-checking website Alt News on Tuesday alleged that...
Gallagher Re & Africa Re team up to address protection gap in Africa
Antoine Bavandi, Global Head of Public Sector, Parametric & Climate Resilience Solutions at Gallagher Re, added: “We are thrilled to begin this journey with Africa Re and its partners. We will be putting to work our expertise in various domains to come up with the...
German road traffic agency asks Tesla to recall 59,000 units globally
The U.S. National Highway Traffic Safety Administration (NHTSA) early in June upgraded its probe into 830,000 Tesla vehicles with the advanced driver assistance system Autopilot, a required step before it could seek a recall Germany's road traffic agency said it was...
COVID-19 Pandemic: Risk lessons in a complex, inter-connected world
Today’s interconnected world is an evolving system, and disastrous events are often the results of systemic failures. The new UN report shows that It’s time to develop a deeper understanding of systemic risks, how they trigger other hazards and shocks, often in...
Cryptocurrencies a clear danger to financial systems: RBI Governor
In the foreword to the 25th issue of the Financial Stability Report (FSR) released on Thursday, Das also said that as the financial system gets increasingly digitalised, cyber risks are growing and need special attention "We must be mindful of the emerging risks on...