The success of Ant Group Co., the operator of China’s ubiquitous...
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New Nuclear Bill spares suppliers from accident liability
The new bill, named the Sustainable Harnessing of Advancement of...
IndusInd General announces strategic partnership with Citroën
IndusInd General Insurance (formerly known as Reliance General...
Cybersecurity professionals limited, big challenge for future: SBI chief Setty
CS Setty,Chairman,SBI "But we also feel that the professional support for many of the cyber security activities is limited one. I think that's going to be a big challenge going forward," said Setty, who took over as the chairman of the country's largest lender late...
Cyber Protection: Public-private action to bridge gap and boost resilience
Mario Greco, Group Chief Executive Officer, Zurich Insurance Group, said: “The threat of cyberattacks poses a significant risk to both societal and economic stability. As insurers, we can offer some degree of protection, but we must acknowledge that large-scale,...
GM to face big class action over faulty transmissions
Drivers said the vehicles shudder and shake in higher gears, and hesitate and lurch in lower gears, even after repair attempts. They also accused GM of telling dealers to provide assurance that harsh shifts were “normal.” General Motors was ordered by a federal...
HP to continue $4 billion damages case against Mike Lynch
HP had bought Autonomy for $11.1 billion in 2011 in one of the UK’s biggest tech deals. But in late 2012 the company said it had discovered a massive accounting scandal at the British tech firm Hewlett Packard said Monday it would continue legal proceedings to seek up...
Average annual NatCat losses for global insurance industry reaches new high of $151 billion: Verisk
“While actual annual insured losses over the past five years have been high, averaging $106 billion, they should not be seen as outliers,” said Rob Newbold, president of Verisk Extreme Event Solutions BOSTON, MA: Verisk, a global data analytics and technology...
Prasun Sikdar set to become the first CEO of Bima Sugam
Prasun Sikdar,MD & CEO designate, Bima Sugam India Federation Sources point out that a formal decision to appoint Sikdar, who is already a board member of the Bima Sugam India Federation, as the CEO of the company has been taken by the IRDAI in consultation with...
Gen insurers sue govt for being ordered to fund treatment of accident victims of uninsured vehicles
To the consternation of the general insurers, who do motor business, the Ministry of Road Transport and Highways had issued a directive under Motor Vehicle Accident Fund scheme saying that the insurers have to even fund the cashless medical care of victims of...
New SHe-Box portal to create workplace safer, more inclusive for women
Annapurna Devi, Union Ministrer, Ministry of Women and Child Development All women facing sexual harassment in the workplace, irrespective of being in organised or unorganised, private or public sector, can register a complaint and track it using the portal. Once...
Brazilian judge suspends Musk’s X platform for refusing to name a legal representative
Elon Musk X has clashed with de Moraes over its reluctance to comply with orders to block users.Elon Musk showed his total disrespect for Brazilian sovereignty and, in particular, for the judiciary, setting himself up as a true supranational entity and immune to the...
Govt taking various measures at policy level to help fintech sector: PM Modi
Prime Minister Narendra Modi Addressing the Global Fintech Fest 2024 in Mumbai, the Prime Minister also asked the regulators to take more measures to stop cyber frauds and further increase digital literacy among people.The Prime Minister also said that in the last 10...