Intelligent platforms now analyze vast volumes of policyholder,...
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EV manufacturers could lose edge if GST slashed on ICE vehicles: HSBC Report
HSBC outlines three possible scenarios. In the first, GST on small...
India InsurTech Association recognized as a “Champion of National Health Claims Exchange
The India InsurTech Association (IIA) has been formally recognized...
Cyber threat,public liability and geopolitics pose greatest risk to organisations: WTW survey
Ben MacCarthy, Head of Real Estate, Hospitality & Leisure, Asia, at WTW, said: “We found APAC firms pursuing innovative solutions through Proptech, with a focus on SMART buildings and improving ways data is accessed accurately especially to adapt to ESG and...
Deepfake video meeting with fake CFO costs company $25.6 mn
The company employees in the call looked and sounded like real people the targeted employee recognised.They followed instructions given during the meeting and made 15 transfers totalling HK$200 million $25.6 million) to five Hong Kong bank accounts. Hong Kong: A...
Thousands of accounts at Paytm Payments Bank set up improperly – sources
The Reserve Bank of India (RBI) is concerned that some of the accounts could have been used for money laundering, Multiple accounts at Paytm Payments Bank were linked to the same identification proof and that transactions in those accounts ran into millions of rupees....
Temasek Holdings sold its entire 5.42% stake in Policybazaar’s parent firm PB Fintech for Rs 2,425 cr
Billionaire Azim Premji's private equity fund Premji Invest on Friday also divested a 1 per cent stake in Policybazaar's parent firm PB Fintech for Rs 457 crore through an open market transaction Mumbai: On Thursday, Singaporean sovereign wealth fund Temasek Holdings...
RBI cautions public against frauds in KYC updation
In case of financial cyber frauds, members of public should immediately lodge a complaint on the National Cyber Crime Reporting Portal (www.cybercrime.gov.in) or through cybercrime helpline (1930) Mumbai: In the wake of continuing incidents/ reports of customers...
Europe within reach of landmark AI rules after nod from EU countries
Tech lobbying group CCIA which counts Alphabet's Google , Amazon, Apple and Meta Platforms as members, warned of roadblocks ahead Europe on Friday moved a step closer to adopting rules governing the use of artificial intelligence and AI models such as Microsoft-backed...
Identify & remove deepfakes else face legal action, govt reminds intermediaries
Intermediaries have been warned that non-compliance will lead to losing exemption from liability provided under section 79(1) of IT Act,” the minister emphasised,Rajya Sabha, Minister of State for Electronics and IT New Delhi: The government has emphasised that social...
Centre to boost EV Infra, new bio-manufacturing scheme in the offing: FM
Finance Minister Nirmala Sitharaman said through rooftop solarisation, one crore households will be enabled to obtain up to 300 units free electricity every month that will result in savings of Rs 15,000 to 18,000 annually for households New Delhi: As Elon Musk looks...
Microsoft warns other firms of Russian-sponsored group in email hacking
The hackers — a group known as Midnight Blizzard or Cozy Bear — have been identified by Microsoft’s Threat Intelligence team as the same cyber-espionage group that “has been targeting other organizations,” according to the blog post from Microsoft Microsoft Corp. said...
PB Fintech’s first quarterly net profit at Rs 38.05 crore in Q3
Revenue from operations rose nearly 43 per cent to Rs 871 crore as proceeds from its insurance broker services more-than-doubled Mumbai: PB Fintech, the parent of online insurance aggregator Policybazaar, reported on Tuesday its first quarterly profit since listing,...