Charlie Shamieh,chairman, Gen Re Berkshire owns reinsurer Gen Re,...
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Geopolitical and legal volatility accelerates for insurance buyers:Aon says
“Conflicts, supply‑chain disruption and sanctions exposure are...
PSU banks looks to scale up IT spend in view of cyber threat posed by Anthropic Mythos
Mythos’ advanced coding capabilities give it an unprecedented...
Ukrainian attack halts oil exports from Russia’s Novo, affecting 2% of global supply, sources say
The attack was one of the biggest on Russian oil-exporting infrastructure in recent months. It follows a ramping-up of Ukrainian strikes on Russian oil refineries since August, part of an attempt by Kyiv to degrade Moscow's ability to finance its war MOSCOW: Russia's...
Need to harmonise regulations across regulators to reduce compliance friction:DEA Secy
Given the rapidly evolving landscape, Department of Economic Affairs Secretary Anuradha Thakur(in pic) emphasised the need for continued reforms and sustained focus on areas such as prudent regulation, disclosure and governance standards, gradual and controlled...
Tampering with mobile IMEI non-bailable offence, attracts 3-yr imprisonment, Rs 50 lakh penalty: DoT
"DoT emphasises that these regulations are essential for maintaining telecom cyber security, preventing counterfeiting, facilitating law enforcement, and ensuring proper tax collection. Strict compliance protects India's telecom infrastructure from counterfeit and...
Around 1.3 million transformer failures occur in India annually
In a meeting on Distribution Transformer, it has been highlighted that the "national distribution transformer failure rate averages around 10 per cent, amounting to nearly 1.3 million transformer failures annually". New Delhi: Around 1.3 million transformer failures...
DPDP Rules:Centre mulls compressing timeline cites industry’s adherence to global data norms
"So as we go forward once data protection board is put in place and the complete digital framework, which has already been prepared, is rolled out… after that we will have further amendments in rules so that we can compress the timelines," IT Minister Ashwini Vaishnaw...
One-fourth of Indian firms surveyed report cyber losses PwC report
“…25 per cent of businesses say their most damaging data breach in the past three years cost their organisation at least USD 1 million, with exposure highest among enterprises generating USD 5 billion or more in revenue (45 per cent)'' New Delhi: Nearly a quarter of...
Maruti Suzuki India is recalling 39,506 units of Grand Vitara
Affected vehicle owners will receive communication from Maruti Suzuki authorised dealer workshops for inspection and replacement of the faulty part, free of cost, the automaker stated. New Delhi: Maruti Suzuki India is recalling 39,506 units of Grand Vitara to replace...
Airlines need to be properly rewarded says,IATA chief amid supply chain woes
The global aviation industry has been grappling with supply chain issues, especially after the pandemic, resulting in delayed aircraft deliveries even as airlines are looking to expand their fleets to meet rising passenger traffic demand Bangkok: With supply chain...
Performance Reviews by AI: What Could Go Wrong?
Bringing AI into annual assessments can save managers time, and even result in more useful feedback than employees get from human bosses alone, executives and management experts say. Yet they caution that outsourcing too much could turn reviews into AI workslop....
DPDP Rules: From prompt data breach reporting to annual audits Indian firms’ new obligations
The DPDP rules require companies (those collecting/ seeking the personal data and termed as data fiduciaries) to undertake reasonable security safeguards to protect personal data, including use of appropriate measures like encryption, obfuscation, masking, or virtual...