While global conversations often centre on AI's role in automation...
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Investigation into AI-171 accident still in progress, clarifies AAIB
The preliminary report released earlier provided factual...
China charges former AstraZeneca regional head with “unlawful collection of personal information and medical insurance fraud”
a former executive vice president and a former senior employee of...
Cough syrup deaths: Probe against Coldrif manufacturer exposed lapses by TNFDA
A recent inspection by the Central Drugs Standard Control Organisation (CDSCO) exposed the unit's appalling conditions and total non-compliance with Good Manufacturing Practices (GMP), the sources said The investigation against the Kanchipuram-based manufacturer of...
US targets Iran’s energy trade, 8 Indian nationals several firms sanctioned
``The State Department imposed sanctions on approximately 40 entities, individuals and vessels to "deny the Iranian regime funds it uses to conduct its malign activity," the department said in a press release on Thursday Washington: Eight Indian nationals and several...
Minister of Communications cautions against AI’s unchecked risks
``Facial recognition systems have misidentified minorities with up to 80% error rates, while in healthcare, AI misdiagnosed 20% of tuberculosis cases in Uttar Pradesh hospitals—underscoring the danger of opaque, unaccountable systems''Pemmasani Chandra Sekhar,...
Widening Protection Gap: Role of Specialty Brokers
“Specialty brokers are the connective tissue of the global insurance market. They act as strategic advisers — identifying emerging risks, building the data to make them insurable, aggregating demand for new solutions and uniting diverse sources of capital. In doing...
Rokstone expands Singapore Marine operation with senior hires
Rokstone Singapore is supported by a multi-year, $25 million Lloyd’s capacity agreement with Tokio Marine Kiln (TMK), covering marine classes including Construction (Builders Risk), Cargo, Hull, and Liabilities Singapore: Rokstone, the international specialty...
Sitharaman asks fintechs to strengthen risk management to check AI misuse
"Even as AI opens extraordinary possibilities, we must confront its darker side. The same tools that power innovation can be weaponised for deception and for fraud. I'm not personalising it, but I can say, I have seen several deepfake videos of myself being circulated...
India to introduce RBI-backed digital currency: Piyush Goyal
"We have not been encouraging cryptocurrency, which does not have sovereign backing or which is not backed by assets, say it on the federal bank or local currency. India has also announced that we will be coming out with a digital currency, which will be backed by a...
Net-Zero Banking Alliance winds up operations
The alliance, set up in 2021, was the banking industry’s main body leading the sector’s global effort to cut carbon emissions. An overhaul was proposed in August after many big banks left, to create a “framework initiative” rather than a membership-based organization....
MP and TN ban sale of Coldrif syrup after nine children die of suspected renal failure in month
Taking cognisance of the infant deaths, the Union Health Ministry on Friday issued an advisory to all States and Union Territories, directing that cough and cold medications should not be prescribed to children under the age of 2 years Chennai/Bhopal: The Tamil Nadu...
Govt issues notices to 25 offshore crypto assets cos for non-compliance of money laundering law
The government has also instructed these entities to take down their applications/websites from public access in India, the finance ministry said in a statement New Delhi: Financial Intelligence Unit-India, under the finance ministry, has issued notices to 25 offshore...