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GIFT City rises in GFCI rankings, reflecting India’s momentum as a global financial hub
GIFT City's overall rating improved, underscoring increasing...
IRDAI tightens fraud control measures for re/insurers and distribution partners, to be implemented from next Apr 1
All insurers have to share with Insurance Information Bureau (IIB)...
Canada plans harsher laws, equipment bans to fight car theft
Canadian car thefts were a C$1.2-billion ($880 million) “gift” to organized crime in 2022, Brampton Mayor Patrick Brown said at the event Monday Canada’s government is banning key-programming machines and other equipment used to steal cars, while implementing harsher...
AI-intensive sectors are showing a productivity surge, PwC
The data suggested that the rise of artificial intelligence could help countries to break out of a rut of low productivity growth which would boost economic growth, wages and living standards, PwC said in a report published on Tuesday The types of business which are...
Govt to issue new guidelines to tackle unregistered telemarketers and for consumer protection: COAI
''The Committee is working to prepare draft guidelines under the Consumer Protection Act, 2019, to safeguard consumers from unwarranted commercial communications. We believe that these guidelines, once notified, will be helpful in addressing the menace of UCC...
AIIMS Delhi conducting groundbreaking research on ageing
Driven by a team of dedicated scientists and healthcare professionals, the research initiative seeks to delve deeper into the mechanisms underlying ageing, with a focus on identifying key factors that influence lifespan and quality of life in later years The...
Proactive measures essential to combat cyberattacks: RBI DG
''The potential impact of a successful cyberattack on a bank's operations, reputation, and financial stability cannot be overstated, underscoring the critical importance of robust cybersecurity measures and proactive risk mitigation strategies,'' RBI deputy governor...
8 of 10 business leaders globally adopting AI for growth: TCS study
Most, at 65 per cent, believe AI will augment and enhance human capabilities, enabling people to focus on higher-value activities that require creativity and strategic thinking. Harrick Vin, Chief Technology Officer, TCS, said, "2023 was a year of exuberance, with...
Dieselgate: Volkswagen’s $54 million settlement with Italian owners
In the settlement, over 60,000 car owners affected by the emissions fraud will be paid up to 1,100 euros each, Italian consumer group Altroconsumo said in a statement. The scandal rocked the automotive industry in 2015 when it emerged that vehicles had been fitted...
Buffett ends suspense, reveals Berkshire’s $6.7 billion stake in insurer Chubb
Warren Buffett, chairman, Berkshire Hathaway Buffett’s Berkshire is deeply familiar with the insurance industry, owning a range of companies including Geico and National Indemnity. The billionaire investor has called Berkshire’s property-casualty insurance operation...
Digital Competition Bill: Strengthen existing regulatory bodies like CCI, NCLAT, says Nasscom
While there may be an enforcement concern, it is pertinent to examine the resource challenge of the Competition Commission of India (CCI) that looks into anti-market practices of the Big Tech platforms New Delhi: As India aims to adopt the Digital Competition Bill to...
World’s super-rich club now has 15 members with fortunes over $100 billion
The combined net worth for these people is up 13 per cent this year to $2.2 trillion, according to the Bloomberg Billionaires Index, beating the pace of inflation and the broader stock market. Between them, they hold nearly a quarter of the wealth of the world’s 500...