US President Donald Trump ``We are getting very close to meeting...
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Safer Roads:NHAI to deploy AI powered dashcam monitoring system for 40,000 km of National Highway network
The project aims to enhance remote tracking and road condition...
Crop Loss:Chouhan asks officials to expedite insurance claims to farmers
Shivraj Singh Chouhan, Union Minister for Agriculture and Farmers’...
Jaguar Land Rover hack cost UK economy $2.5 billion, report says
"This incident appears to be the most economically damaging cyber event to hit the UK, with the vast majority of the financial impact being due to the loss of manufacturing output at JLR and its suppliers," the CMC report said. LONDON: The August hack of Jaguar Land...
India’s Cloudburst Challenges:Insurance gaps & Future safeguards
The entire Himalayan belt is increasingly vulnerable to cloudbursts, flash floods, landslides, and potential glacial lake outburst floods (GLOFs), all driven by changing monsoon patterns and accelerated warming in the region. These risks are not onlybecoming more...
Aerospace Industry: Facing strong supply chain headwinds
“Airlines depend on a reliable supply chain to operate and grow their fleets efficiently. Now we have unprecedented waits for aircraft, engines and parts and unpredictable delivery schedules. Together these have sent costs spiralling by at least $11 billion for this...
Tesla’s European regulator says door safety a ‘Key Priority’
The Dutch authority RDW, which inspects and approves Tesla’s vehicles for sale in the European Union, said Thursday that regulators will shore up rules to ensure that occupants can safely exit vehicles after a crash and be rescued by first responders Tesla Inc.’s...
India’s FinTech boom exposes sector to rising cyber threats: PwC Report
Shah Amber, Managing Director at PwC India, emphasised that with the fintech sector projected to reach USD 400 billion by 2030, strong cybersecurity will not only protect businesses but also reinforce customer confidence.Safeguarding customer data and building digital...
Cybercrime causing global economic damage of almost US$10 tn,1% of cyber risks currently insured: Munich Re
Claudia Strametz, who leads Munich Re's business for Germany and who is responsible for cyber business in Europe said, “Over the past 10 to 15 years, cyber insurance has experienced remarkable growth, evolving from a virtually non-existent product to a global market...
Mumbai businessman loses Rs 58 crore in ‘digital arrest’ fraud
The victim transferred Rs 58 crore through RTGS in multiple bank accounts within a span of about two months.He later realised that he had been cheated and approached the cyber police with a complaint, the official said Mumbai: A 72-year-old businessman in Mumbai has...
Munich Re and New India provide first ever large parametric Pandemic Resilience cover to Mumbai’s biggest mall Phoenix Mills
``Munich Re is supporting these solutions with reinsurance capacity, however due to nature of pandemic risks no insurance balance sheet, not even one as strong as Munich Re’s, can absorb the potential losses alone. To make the consequences of a pandemic/epidemic...
Algorithmic decision-making may pose non-traditional risks to financial system RBI DG
Swaminathan J ,Deputy Governor, RBI The senior Reserve Bank official said that digital innovation is extending inclusion beyond payments. Micro-insurance and pension products are increasingly being delivered through digital platforms, helping low-income households...
Gold ETFs record 6-fold jump in Sep inflows amid geopolitical tensions, price rise: Report
Net assets under management for Gold ETFs surged to Rs 90,135.98 crore in September, nearly doubling from Rs 39,823.50 crore a year earlier, marking a 126.34 per cent increase. On a month-on-month basis, net AUM increased by 24.33 per cent from Rs 72,495.60 crore in...