"In UP, around 10 crore Jan Dhan accounts were opened and a...
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RBI proposes to use biz correspondent network to tackle KYC inoperative account issues
"In order to further ease the process for the convenience of...
Prudential appoints Naveen Tahilyani as its regional CEO for India and Africa
Naveen Tahilyani Earlier, Prudential plc had announced its plan to...
U.S. air travel rumbles back to life after FAA computer outage
The cause of the problem with a pilot-alerting system, which delayed thousands of flights in the United States, was unclear, but U.S. officials said they had so far found no evidence of a cyberattack. Washington DC: U.S. flights were slowly resuming departures and a...
Beazley launches industry’s first Cyber Catastrophe Bond
This is the first time that a liquid Insurance-Linked Securities (ILS) instrument has been created for cyber catastrophe risks, said Beazley The $45 million bond gives Beazley indemnity against all perils in excess of a $300 million catastrophe event, with the...
Hackers use AI tool to write malicious code
"Cybercriminals are finding ChatGPT attractive. In recent weeks, we're seeing evidence of hackers starting to use it to write malicious code. ChatGPT has the potential to speed up the process for hackers by giving them a good starting point," said Sergey Shykevich,...
InsuranceDekho receives Rs 300 crore of funding from Goldman Sachs Grp, valued at Rs 1100 crore
The sole source of income for Insurance Dekho is insurance brokerage and commission, which increased by 61% to Rs 47.91 crore in FY22 from Rs 29.71 crore in FY22. In the most recent fiscal year, the company’s losses increased by 55.6% to Rs 72.29 crore. At the group...
India only reached halfway on its digital journey: Nilekani
Infosys chairman-co-founder Nandan Nilekani Payments through the UPI interface touched a record high of Rs 12.82 lakh crore in December, registering 782 crore transactions BENGALURU: India has reached only halfway on its digital journey and the big question lurking at...
Ant Group founder Jack Ma to give up control in key restructuring
Chinese billionaire Jack Ma Ma only owns a 10% stake in Ant, an affiliate of e-commerce giant Alibaba Group Holding Ltd, but has exercised control over the company through related entities, according to Ant's IPO prospectus filed with the exchanges in 2020. Hangzhou...
RBI allows 6 entities to test fintech products to deal with financial frauds under sandbox scheme
The six entities are -- Bahwan Cybertek, Crediwatch Information Analytics, enStage Software (Wibmo), HSBC in collaboration with Wibmo, napID Cybersec and Trusting Social Mumbai: Six entities, including HSBC and Creditwatch, have been allowed to test their fintech...
US firm ASKA unveils world’s first 4-seater flying electric car
The vehicle also fits into existing parking spaces and can be charged at home and at EV charging stations, according to the company The company said that the vehicle is also built to meet the highest safety standards US-based firm ASKA has unveiled the first...
Delhi registers highest monthly electric vehicle sales in December across states
In December, Delhi registered 7,046 electric vehicles with a year-on-year growth of 86 per cent. Since the launch of the EV policy, the UT registered 93,239 electric vehicles, of which two-wheelers contribute nearly 55 per cent of the total EV sales in the year 2022....
Samsung shares vision for connected homes as future way of life
The South Korean tech giant shared its vision to create a future where all home gadgets are connected and seamlessly communicate with each other to make people's lives easier and more convenient, reports Yonhap News Agency. It will help save energy and reduce climate...