OpenAI has faced increased scrutiny since its own AI agent breached...
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Data Centres: Global investment boom could create USD200 billion commercial insurance opportunity amid rising accumulation risks, says Swiss Re
Gianfranco Lot, Swiss Re's Chief Underwriting Officer P&C Re,...
ChatGPT, Gemini, Claude face widespread outages; AWS also hit
According to data from Downdetector, reports of outages began...
E20 may cut mileage by up to 5 pc but offers cleaner combustion, energy security benefits: Oil Min
In a detailed question-and-answer document issued to counter criticism of the Ethanol Blended Petrol Programme, the Ministry of Petroleum and Natural Gas said E20 was a "cleaner, higher-quality and more efficient fuel" than E10 or pure petrol and had been rolled out...
InsuranceDekho taps banks for $400 million India IPO
The offer from Girnar Insurance Brokers Pvt., backed by Investcorp and BNP Paribas Cardif, could launch this year or early 2027, with a target to raise as much as $400 million, the people said, asking not to be identified because the information is private. Indian...
Backlash on ethanol-blend fuel intensifies in India, puts carmakers in the dock
Hundreds of motorists have posted complaints on X alleging reduced fuel efficiency and increased wear and tear of car parts from E20. One of the main complaints is that they have no option to buy unblended petrol if they prefer. NEW DELHI:Indian Prime Minister...
Aviva and AXIS launch new Lloyd’s consortium to power UK renewable energy growth
The partnership brings together two of the London Market’s leading renewable energy insurers, combining underwriting expertise and capacity across onshore wind, solar and battery energy storage systems into a single, coordinated solution. It is also the first Lloyd’s...
Social media platforms accountable to Indian laws, investigation agencies: Allahabad High Court
The court made the observations when an investigation officer informed it that the social media platform X was not providing the URL ID and IP address of the handle on which the petitioner’s alleged obscene videos and photographs were posted.Under the circumstances,...
Allianz unit to cut up to 1,800 jobs in AI-driven overhaul
The cuts, which they expect to take the forms of severance agreements, early retirements and similar options, will amount to between 1,500 to 1,800 positions across Europe, the unit’s chief executive officer Tomas Kunzmann said at an event late Tuesday in Munich....
Financial services AI dangers highlighted by regulator’s review
Regulators globally have begun to focus more keenly on the impact of AI, from cyber and operational risks associated with frontier AI models such as Anthropic’s Mythos to the challenges posed by the agentic systems capable of acting with limited human intervention....
AI’s biggest challenge is restoring trust in Indian insurance industry: PwC
L-R-Girija Subramanian, CMD, New India Assurance, G Srinivasan, MD&CEO, Galaxy Insurance,SK Kanwar of Reliance Industries, BC Patnaik, Director, National Insurance Academy, Amit Roy, Partner and Leader, Insurance & Allied Business, PwC releasing PwC's new...
Google loses final appeal against €4.1 billion EU antitrust fine
The Android fine was imposed in 2018, a year after the Commission fined Google €2.42 billion ($2.77 billion) for using its shopping comparison service to gain an unfair advantage over smaller rivals. Google lost an appeal against that in 2021. Alphabet’s Google last...
UK’s Cooper warns AI is emerging as decade’s greatest security risk
Yvette Cooper, foreign secretary , UK A recent report for the United Nations warned of potentially “catastrophic outcomes” from AI being used to facilitate cybercrime, fraud and disinformation. It said the development of the technology was outpacing governments’...