UNODC estimates that hundreds of industrial-scale scam centers...
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Ratings: Crisil affirms New India, downgrades National Insurance and United India
NIA's rating is driven by the company’s leadership position in the...
First shockwaves of Trump’s trade tariffs about to hit global economy
“Our new growth projections will include notable markdowns, but not...
Tesla recall: Can make sounds obscuring pedestrian warnings
Last week, Tesla had to recall nearly 54,000 vehicles equipped with "Full Self-Driving'' software that allowed the vehicles to run through stop signs at low speeds, without coming to a complete halt. Seleted Tesla owners are "beta testing" the software on public...
Global executives lack confidence on their own organisations’ approach to Reputational and ESG ‘risk readiness”:WTW Survey
Simon Weaver, Head of Corporate Risk & Broking, Asia and Australasia, and Head of Australasia, Willis Tower Watson said, “In an increasingly digital, service-oriented economy, reputational risk is firmly on the corporate agenda. However, our findings also suggest...
Cryptos a threat to financial stability; value not even a tulip: RBI Guv
Private cryptocurrencies or whatever name you call it are a threat to our macroeconomic stability and financial stability. They will undermine the RBI's ability to deal with issues of financial stability and macroeconomic stability, Das said Mumbai: Governor...
European, U.S. regulators tell banks to prepare for Russian cyberattack threat
Now the European Central Bank, led by former French minister Christine Lagarde and which has oversight of Europe's biggest lenders, is on alert for the threat of cyber attacks on banks launched from Russia, the people said FRANKFURT/LONDON: The European Central Bank...
Former Warburg banker gets jail term in German fraud trial
He is the second person to receive a jail sentence for trading activity that thrived during the years after the financial crash and cost Germany more than five billion euros ($5.72 billion) The fraud involved trading shares rapidly around a syndicate of banks,...
Surety Bond: To Be On a Sure Footing
Rrajesh Sharrma, CEO and Principal Officer, Anand Rathi Insurance Brokers Considering the size of the Indian economy, the market demand for surety insurance will be so huge, it can be another game-changer like agricultural insurance after the introduction of Pradhan...
Cyberbullying a top concern on Safer Internet Day
Young people spend more time online than the rest of the population, International Telecommunication Union (ITU) said. an estimated 71 per cent of people aged 15 to 24 using the Internet, compared to just 57 per cent for all other age groups With more children and...
Reliance Jio faces over 8-hr outage in Mumbai
Users complained of getting a message saying they are not registered on the network while attempting a call while those calling Jio subscribers could not get through Mumbai: Users of the Mukesh Ambani-led telco started facing issues at around noon and the company...
KPMG faces £1.3b lawsuit over UK contractor’s collapse
The UK’s Official Receiver, acting on behalf of Carillion’s creditors, accused KPMG of failing to spot misstatements on the group’s accounts and provided misleading financial statements, according to court documents filed on Jan. 17 and made public Thursday KPMG LLP...
As NFTs flourish, U.S. Treasury raises alarm over money laundering in art
In a study published on Friday, the Treasury found that there is some evidence of money laundering risk in the high-value art market, but limited evidence of terrorist financing risk, the Treasury said in a statement The U.S. Treasury Department on Friday issued a set...