The court said US based Burger King Corporation has "miserably...
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FSSAI launches project to address microplastic contamination in Indian food
In a recent report, the Food and Agriculture Organization (FAO)...
Indian biz need to align cyber security budgets with growth objectives, says Kaspersky
Adrian Hia, Managing Director, APAC, Kaspersky In India, malware...
Going to court over losses when Robot is to blame
In the hedge fund world, pursuing AI has become a matter of necessity after years of underperformance by human managers. Quantitative investors—computers designed to identify and execute trades—are already popular. More rare are pure AI funds that automatically learn and improve from experience rather than being explicitly programmed. Once an AI develops a mind of its own, even its creators won’t understand why it makes the decisions it makes.
SCOR to implement an alternative natural catastrophe reinsurance scheme in France
Paris: SCOR notes the decision of the General Court of the European Union, which confirms the decision of September 26, 2016, by the European Commission concerning the guarantee granted by the French State to the CCR regarding natural catastrophe...
Boeing did not disclose 737 MAX alert issue for more than a year, says FAA
Sunday’s statement marked the first time since the two fatal accidents that Boeing explicitly acknowledged doing something inadvertently in the development of the 737 MAX, albeit on an issue that it contends has no impact on safety.
Forgers are forcing $9-trillion global trade financing into digital age
As much as 80 percent of global flows of merchandise — worth about $9 trillion — is financed by some form of credit, guarantee or insurance, according to a global survey by the International Chamber of Commerce. Trade finance revenues were $39 billion in 2017.
Volkswagen gets relief as SC stays Rs 500-cr penalty imposed by NGT
The green panel on November 16, 2018 had said use of ‘cheat device’ by Volkswagen in diesel cars in India led to the inference of environmental damage and had directed it to deposit an interim amount of Rs 100 crore with the Central Pollution Control Board (CPCB).
India’s e-car plan has just one potentially flaw
India is home to over 2 million electric two-wheelers and rickshaws — more than the number of electric cars in China. Sales of such smaller electric vehicles continue to rise. But in the absence of charging infrastructure, many of their drivers have been illegally siphoning power. Only 10 per cent of the latest subsidy program is allocated for charging stations.
Britannia violated listing norms in not reporting Ness Wadia’s arrest: InGovern
“The arrest of promoter was a material event and that was to be disclosed to the stock exchanges. That was not done by Britannia,” Subramanian told PTI.
This is a violation of LODR by the company, he said, adding Wadia must step down in the interest of larger corporate governance.
Cybersecurity Costing Large Financial Firms $3,000 Per Employee: Survey
Some of the largest banks tripled cyber-defense budgets in the last three to four years amid a surge of attacks on client information, accounts and other data. The finance sector was the focus of 19 percent of all attacks monitored by International Business Machines Corp. last year, the technology firm said in a February report. Spending more on security doesn’t necessarily translate to better defenses, Deloitte said.
Stephen Catlin launches a specialty entity for complex risks,invests $1.8bn capital
Stephen Catlin said: “The launch of Convex distils vast industry experience and client focus to create the insurance company of the future. We begin unencumbered by legacy but rich with expertise and the strength of independence. There is evidence of pricing momentum in many classes and we are well equipped to prosper in a challenging market. We are thrilled to have the support of Onex and our co-investors and believe they will be valuable partners to us as we build our business.
Privacy practices probe could cost facebook up to $5 billion
Under the terms of the 2011 settlement with the US Federal Trade CommissionC, Facebook agreed to get user consent for certain changes to privacy settings. The agreement stemmed from claims that it deceived consumers and forced them to share more personal information than they intended. That complaint arose after the company changed some user settings without notifying its customers.