Tetsuya Kikuta, President and CEO, Dai-ichi Life Holdings "This...
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Motor Insurance: Driven by technology
One of the most notable societal benefits of telematics in motor...
Digital payments are now the norm: Nirmala Sitharaman
Nirmala Sitharaman,Union Finance Minister “India is embracing a...
Law firms wooing AI experts as clients demand ‘More for less
Legal services are the most vulnerable to ChatGPT-style software, according to a recent University of Pennsylvania study. The widely-accessible technology is particularly suited to time-consuming legal work, because of its ability to instantly analyze large documents,...
Delhi HC asks NIC to develop public platform to upload names of proclaimed offenders
The Inter-operable Criminal Justice System (ICJS) is an initiative of the e-Committee of the Supreme Court meant to enable seamless transfer of data and information among different pillars of the criminal justice system, like courts, police, jails and forensic science...
Cyber Insurance: Global premiums could exceed $50 billion by 2030, predicts Howden
Dan Leahy, Associate Director, said: “Having navigated the early phases of development that often come with new, fast growing lines of business, the cost of cyber insurance is now more commensurate with loss costs following the recent correction. Whilst the first half...
Wind turbines that shake and break cost their maker billions
Executives and board members are concerned that fixing the problem may far exceed the company’s estimate of more than €1 billion ($1.1 billion) Customers have started to worry. Some who already ordered turbines and others who were in talks with Siemens Energy say...
Odisha train accident: Inquiry finds multi-level lapses, says reporting past red flags could have averted tragedy
The accident on June 2 resulted in the deaths of 292 people and over 1000 were injured The CRS report has also said that the initial response to such a disaster should be faster an advised the Railways to review the system of disaster-response in the zonal railways...
Internet shutdowns in Manipur, Punjab reportedly cost Indian economy $1.9 billion
Shutdowns are extremely disruptive to economic activity: they halt e-commerce, generate losses in time-sensitive transactions, increase unemployment, interrupt business-customer communications, and create financial and reputational risks for companies New Delhi:...
China’s new anti-espionage law puts foreign companies in tough situation: Report
The revision expands the scope of targets for espionage to "all documents, data, materials and articles," and allows law enforcement officials to inspect the baggage, electronic devices and property of a suspect This increases the risk for businesses, which are...
Chandni Chowk traders turn to GPS to shield themselves from robbery incidents
"You can fit this (GPS) device to your bag, put it in the middle of bundles of notes, or keep it in a jewellery box." "It will keep telling the location on your phone in case of a robbery. With the help of this device, police can easily reach the location and arrest...
Consumer Affairs Dept urges online platforms to refrain from adopting ‘dark patterns’ that harm consumer interest
"It is pertinent to note that dark patterns involve using a design and choice architecture to trick, coerce or influence consumers to make choices not in their best interest. Engaging in such deceptive and manipulative conduct by using dark patterns in online...
ICICI Lombard General targets reduction of CR by 200 bps to 102.5 % by FY 2025: Dasgupta
Bhargav Dasgupta, MD & CEO, ICICI Lombard General Insurance `As part of a highly competitive market, where change is being driven constantly by digital players like Fintechs and Insurtechs, we believe that continuous reimagination of its technology and business...