As per the report, as of FY23, India's household debt has reached...
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Tech companies commit to fighting harmful AI sexual imagery by curbing nudity from datasets
In a deal brokered by the Biden administration, tech companies...
India jumps to Tier 1 in Global Cybersecurity Index 2024
India topped the chart for adopting measures like legal,...
NBFC sector faces imminent crisis, says Corporate Affairs Secretary
“There is an imminent crisis in the NBFC sector. There is a credit squeeze, over-leveraging, excessive concentration, massive mismatch between assets and liabilities, coupled with some misadventures by some very large entities, which is a perfect recipe for disaster,” Srinivas said.However, he added that “responsible” companies are managing the risk well and are not facing such a dire situation.
U.S. warns merchant ships of possible Iranian attacks; cleric threatens U.S. fleet
Iran has dismissed both moves – which the United States said it took after U.S. intelligence signalled possible preparations by Tehran to attack U.S. forces or interests – as “psychological warfare” designed to intimidate it.
G7 countries to simulate cross-border cyber attack next month: France
“Cyber threats are proof that we need more multilateralism and more cooperation between our countries,” French Finance Minister Bruno Le Maire told the conference.
“Privacy Not A Luxury Good, Must Be Equally Available”: Sundar Pichai
“Privacy is personal, which makes it even more vital for companies to give people clear, individual choices around how their data is used,” wrote Mr Pichai.
Govt notifies thresholds for filing class action lawsuits
An application for class action can be filed by a member or members representing five per cent of the total members of a company. It can also be done by 100 members of a company, whichever is less, according to the ministry.The same criteria will also be applicable for depositors of deposit-taking companies.In case of an unlisted company, a member or members holding at least five per cent of the issued share capital can file for class action. For listed companies, this threshold would be two per cent.
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).