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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)...
Electric vehicles are less reliable than gas-powered cars: US consumer report
Consumer Reports noted that lingering concerns about reliability will likely add to the issues that give many buyers pause when considering a switch to the new technology, joining concerns about higher costs, too few charging stations and long charging times Electric...
“We are likely to come out with a set of pension regulations soon”
Gujarat International Finance Tec-City, India’s newest financial hub and a flagship project of Prime Minister Narendra Modi, is preparing for its next phase of growth. The first phase followed the creation in 2020 of a new regulator, the International Financial...
Finance and insurance sector jobs most affected by adoption of AI:UK Report
Management consultants were singled out as the occupation most exposed to any of the 10 AI applications included in the study, from image recognition to language modeling or translation. The technology is most likely to transform professional roles such as lawyers,...
First bond to insure against cyber attacks issued
Long Walk Reinsurance Ltd. issued a $75 million so-called cat bond, sponsored by AXIS Capital, to insure against “a cyber-catastrophe event” across its main underwriting units, the Bermuda-based firm said Tuesday. “We expect this transaction will serve as a template...
Current solar cycle intensity to peak in 2024 may impact Earth’s satellites find researchers
"During intense solar storms, the Earth's upper atmosphere expands outwards, thereby introducing friction on the low-Earth satellites. The friction can lead to a decay in the satellites' orbits and reduce their lifetime. Thus, they are able to live in space for a much...
Cybersecurity, customer protection essential for digital payments momentum: RBI paper
The authors further said despite the traction observed in digital payments, cash persists due to a strong inclination of the populace to transact and save in cash Mumbai: Cybersecurity, customer protection, and cost-effectiveness are essential for sustaining the...
US, Britain, other countries ink agreement to make AI ‘secure by design’
The agreement is non-binding and carries mostly general recommendations such as monitoring AI systems for abuse, protecting data from tampering and vetting software suppliers The United States, Britain and more than a dozen other countries on Sunday unveiled what a...
Govt disconnects 70 lakh mobile involved in financial frauds: DFS Secretary
Vivek Joshi, Secretary, Department of Financial Services About Rs 900 crore of defrauded money has been saved, benefitting 3.5 lakh victims, an official statement said New Delhi: To check digital frauds, the government has disconnected 70 lakh mobile numbers so far...
Net zero goal calls for USD 5 trillion in annual green investments: IMF
Of the 50 per cent cut to emissions needed by 2030 to stay on track for the 1.5-degree target, more than 80 per cent can be achieved from technologies available today. Getting to net zero by 2050 will, however, require technologies that are still under development or...
Tata Group unit owes $210 mln in US trade-secret fight, jury says
The jury said on Friday that Tata owed DXC $70 million for misappropriating its trade secrets and an additional $140 million because its misuse was "willful and malicious." A jury in Dallas, Texas federal court has decided that India-based Tata Consultancy Services...