Mythos’ capabilities to code at a high level have given it a...
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AI London flight: DGCA directs 787 plane’s fuel switch inspection in presence of its officers
On February 2, an Air India pilot reported a defect with the fuel...
Govt unveils Water Metro Policy ahead of national rollout in 18 cities
Sarbananda Sonowal,Union Minister of Ports, Shipping &...
InsuranceDekho weighs an IPO for raising as much as $250 million
The IPO is likely to include a mix of new share issuance and secondary sales by existing investors, and could take place later this year, they said. Girnar Insurance Brokers Pvt., which operates insurance tech startup InsuranceDekho, is weighing an initial public...
Investigation into AI-171 accident still in progress, clarifies AAIB
The preliminary report released earlier provided factual information available at that stage. The final investigation report, containing conclusions and safety recommendations, will be published upon completion of the investigation in line with established...
BMW recalls hundreds of thousands of cars due to a potential fire hazard
BMW said that product inspections and customer complaints revealed that the starter motor in the identified vehicles could be defective, with an increase in wear and tear in the magnetic switch after a high number of starts, making it potentially harder or impossible...
Competition Commission slaps Rs 27 cr fine on Intel Corp for unfair biz practices
The penalty has been imposed on the company for abusing its dominant position in the market for Boxed Micro Processors (BMPs) for desktops in India. New Delhi: Competition Commission has imposed a fine of Rs 27.38 crore on Intel Corp for indulging in anti-competitive...
Japan:Businesses navigating rapidly changing market and geopolitical volatility
Tatsuya Yamamoto, CEO of Japan at Aon, said, “Japanese organisations are operating in an environment of unprecedented complexity. Cyber, weather and geopolitical risks continue to be acute challenges for Japan businesses, underscoring the need for robust risk...
Data-driven governance and research critical for resilient securities markets: SEBI Chairman
He highlighted that while artificial intelligence and advanced analytics can strengthen surveillance and detect fraud, algorithmic markets can create feedback loops, and AI models can introduce opacity. To address these "real and growing" concerns, he called for...
South Korea crypto exchange Bithumb says system flaws led to $40 billion error
The country’s second-largest virtual asset exchange said it accidentally gave away about 620,000 bitcoins to customers during a promotional event, instead of 620,000 won ($426), triggering a 17% slump in bitcoin’s price. South Korea’s Bithumb said on Wednesday that...
Govt deliberates on roadmap for Financial Inclusion 2.0
M. Nagaraju, Secretary, Department of Financial Services Nagaraju emphasized the need for further strengthening measures for achieving goal of presence of at least one bank branch in each subdivision in the North Eastern region, enhancing insurance and pension...
Singapore’s 4 telecom companies targeted by cyber espionage group
Google-owned cyber security firm Mandiant has described UNC3886 as a “China-nexus espionage group” that has attacked defense, technology and telecommunications organizations in the United States and Asia. Singapore:Singapore’s four telecom companies, Singtel, StarHub,...
US insurance broker stocks pummeled on AI disruption fear
Insurify’s app uses ChatGPT to compare auto insurance rates using details about the vehicle, the client’s credit history, driving record and other inputs. The company said the app launched on Feb. 3. US insurance broker stocks were pummeled Monday as the launch of an...