“There should be broader geopolitical implications from this event,...
Category:
Risk Management
Latest
49 crypto currency exchanges registered with FIU during 2024-25 fiscal Report
The report for the 2024-25 financial year said the crypto currency...
MeitY writes to X over “misuse of Grok AI” for obscene content, seeks action taken report within 72 hours
"Failure to observe such due diligence obligations shall result in...
French publishers and authors sue Meta Platforms for copyright infringement
SNE, the trade association representing major French publishers including Hachette and Editis, along with authors’ association SGDL and writers’ union SNAC, filed a complaint this week in a Paris court dedicated to intellectual property, the group said at a press...
Crop insurance scheme should cover damages caused by stray animals Par Panel
It also recommended free compulsory crop insurance to small farmers with land holdings of up to 2 hectares New Delhi: A parliamentary committee has suggested that the government's crop insurance scheme PMFBY should cover damages caused to crops by stray animals,...
Growing role of insurance companies and retail investors in private credit making it vulnerable: BIS report
“The growing role of insurance companies and retail investors, as well as funds’ leverage and degree of portfolio concentration warrant monitoring, This is especially relevant in light of growing interlinkages between banks and private credit” The Bank for...
Zolve raises $251 million in its latest equity and debt financing round
The neo bank, which was launched in 2021 and has over 750,000 customers, plans to expand into Canada, the UK and Australia, and incorporate sectors like auto, personal and education loans into its business portfolio Zolve raised $251 million in its latest equity and...
North Sea Collision: Total insured losses estimated between $100 million and $300 million, Focus shifts to environmental impact
Total insured losses out of the collision are estimated to range between $100 million and $300 million for all coverages, Canada-based global credit ratings agency Morningstar DBRS . Focus is now shifting to the environmental impact of the blaze. While the incident is...
French households, businesses face soaring costs for insurance due to climate change: Govt
The cost of climate disasters may double in the 30 years through 2050, reaching a cumulative €143 billion ($155 billion), the French government said in an adaptation plan. At a briefing in Paris, Ecology Minister Agnes Pannier-Runacher said climate change is a...
Irdai permits insurers to undertake transactions in bond forwards for hedging
In a circular on 'Exposure to Forward Contracts in Government Securities (Bond Forwards)', Insurance Regulatory and Development Authority of India (Irdai) said that in view of the RBI's directions and considering insurers requests for introduction of Bond Forwards,...
North Sea collision: 32 casualties brought ashore after ships collide catch fire in North Sea off eastern England
The tanker, believed to be the U.S.-flagged chemical and oil products carrier MV Stena Immaculate, was at anchor at the time after sailing from Greece, according to ship-tracking site VesselFinder. The cargo vessel, Portugal-flagged container ship Solong, was sailing...
Elon Musk’s X suffers massive outage, Indian users unable to access platform
During the downtime, X stopped working completely while the users were unable to post tweets or even open pages on the platform New Delhi: Elon Musk-run X went down on Monday in a massive global outage, including in India, as users were unable to access the...
Social media and digital accounts accessed only in search, survey ops: I-T official
"These powers are only to be executed during the course of a search or survey operation, and that too when the assessee being searched or surveyed refuses to share the passwords for digital storage drives, emails, Clouds and communication platforms such as WhatsApp...