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Indian regulators have done world-class job made system more transparent: FM
Union Finance Minister Nirmala Sitharaman asked banks not to be...
Absence of major losses paves the way for competitive pricing in power insurance sector: WTW
A shift in appetite from coal to non-coal power and the phasing out...
Infosys fined $800,000 for worker misclassification, tax fraud in US
Infosys will pay California $800,000 (nearly Rs 56 crore) to resolve allegations that between 2006 and 2017, approximately 500 Infosys employees were working in the State on Infosys-sponsored B-1 visas rather than H-1B visas, California Attorney General Xavier Becerra said.
British watchdog FCA probes data sharing in financial services
Britain’s FCA said on Tuesday that going a step further with open finance could set up “dashboards” to help consumers keep an eye on their finances, encourage shopping around for better deals, and become a means to obtain financial advice.
Rs382 cr collected as fine for violation of pollution norms since 2017: CPCB
The CPCB, which works under the Ministry of Environment, Forest and Climate Change, is responsible for advising the central government on prevention and control of water and air pollution. It is also responsible for coordinating the activities of the state pollution control boards and resolving disputes among them, besidesplaying other roles.
Over 14,000 prosecutions withdrawn under Companies Act
As part of de-criminalisation of technical and procedural violations under companies law and reducing the burden on criminal courts as well as the National Company Law Tribunal (NCLT), the government has shifted 16 offences sections to monetary penalty regime.
US agency probes 12th Tesla crash tied to possible Autopilot use.
While autonomous vehicles are an exciting development, the tech is simply not ready to be deployed safely. Congress must act to protect the public from these vehicles until their safety can be assured,” said Senator Richard Blumenthal of Connecticut, who is a member of the Senate’s Committee on Commerce, Science and Transportation.
Royal Caribbean cruises faces potential liability for New Zealand volcano deaths
Cruise ship passengers were among the tourists on White Island on Monday when it erupted. While no lawsuits have yet been filed, legal experts said they expected action in U.S courts by injured passengers and families of those who died.There were 47 people on the island at the time. Eight have been officially declared dead and more than 20 are being treated for severe burns
Shipping industry and insurers face uncertain new fuel risks and rule
To reduce emissions of toxic sulfur that cause premature deaths, shipowners who have long relied on the dirtiest residues of oil extraction will have to either switch to low-sulfur fuel or install exhaust gas cleaning systems from Jan. 1.
AXA XL announces Collaboration with Slice Labs and Microsoft to Improve Cyber Risk Management
“This new level of integration with Microsoft and Slice Labs reinforces the fact that insurance is no longer an after the fact product that companies should use as a band-aid when an incident occurs,” said John Coletti, Chief Underwriting Officer, AXA XL’s cyber insurance team in North America. “We’re excited to bring a solution to market that only large enterprises have procured in the past to SMB’s who need it just as badly.”
WTW partners with Tricor Hong Kong on people and risk mitigation solutions to its 50,000 global clients
This new partnership will enable Tricor clients base of Fortune 500 listed companies access to offerings and services from Willis Towers Watson (WTW), which include workforce protection and risk transfer solutions. WTW will also complement Tricor’s business solutions and facilitate companies, with mainland Chinese business footprint, in their expansion into the growing markets in Asia, as well as support companies at every stage of their pre-and-post IPO process.
Delhi Anaj Mandi fire: 43 dead, several critically injured, probe ordered
The massive blaze ripped through the four-storey building housing “illegal” manufacturing units in congested Anaj Mandi area in Filmistan locality.Police and fire department officials said most of the fatalities occurred due to suffocation as many people were sleeping when the fire started around 5 am on the second floor of the building that did not have fire safety clearance