The green body was hearing a plea claiming unauthorised extraction...
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US renews sanctions waiver for purchase of Russian oil
Earlier, the US had granted an exemption from sanctions to India...
Govt says El Nino threat to agri sector manageable due to better irrigation and reserves
Shivraj Singh Chouhan,Union Agriculture Minister India has expanded...
Managing Customers: Banks and insurers deploy AI agents to fight fraud and process applications
-Three in five banks and insurers cite customer onboarding among top reasons for AI agent adoption,-33% of firms are actively developing proprietary AI agents in-house, though only 10% have deployed at scale,-Nearly half of banks and insurers are creating new jobs to...
Google sued for secretly amassing user data via Gemini AI
In the past, users of Gmail, Chat and Meet were given the option to turn on Google’s artificial intelligence program. But in October, the Alphabet Inc. unit “secretly” turned on Gemini for all those applications, enabling it to collect private data “without the users’...
IRDAI closely monitoring health insurance claims gaps, says Chairman Seth
Ajay Seth, chairman,IRDAI `While the number of health insurance claims settled is high, the amount settled especially in full is sometimes lower than expected.This is an area we are monitoring closely. Our expectation from the insurers is clear. Prompt, fair and...
Asia’s wealthy families unprepared for successive planning as their fortunes near $99 trillion
Chaotic handovers have the potential to freeze assets in legal disputes, fragment family empires, and destabilize companies that have grown rapidly but lack the governance structures that many Western dynasties built over generations Asian private wealth is projected...
Willis announces senior Cyber appointments in Asia
Willis, a WTW business has appointed Conor Keating as Head of Cyber, Asia, and Carlos Grijalva as Head of Cyber Sales, in Asia, effective immediately. Based in Singapore, Conor Keating transitions into the role of Head of Cyber, Asia, from his previous position as...
Aon launches AI-enabled claims copilot
“It empowers our professionals to turn insight into action, helping clients achieve faster claims resolution, maximize recoveries, and make better informed risk and coverage decisions,” said Joe Peiser, CEO of Commercial Risk at Aon DUBLIN: Aon plc, global...
Hurricane Melissa triggers 100% payout of $150 million World Bank Catastrophe Bond for Jamaica
Catastrophe insurance backed by catastrophe bonds are part of the World Bank’s Crisis Preparedness and Response toolkit which provides developing countries with an innovative suite of tools to better respond to crises and prepare for future shocks. This includes fast...
Willis launches Data Centre Practice in Asia
The Data Centre sector in Asia is experiencing unprecedented growth, with the region likely to be the fastest growing one for data centre colocation over the next five years.According to Global Data, the pipeline of data centre construction projects is estimated to be...
Super Typhoon Fung-wong slams into Philippines, two dead
The typhoon could cover two-thirds of the Southeast Asian archipelago with its 1,800-kilometre-wide rain and wind band, forecasters said. It approached from the Pacific while the Philippines was still dealing with the devastation wrought by Typhoon Kalmaegi, which...
Data Centers: AI and cloud computing drive global construction boom
According to market research, up to $7 trillion will be spent on data centers by 2030 – a huge sum driven largely by technology companies in the US and China, while Europe lags a few paces behind. The tech industry’s big three, Amazon, Microsoft and Google Cloud,...