"The widespread acceptance and enthusiasm surrounding AI should...
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NHS ransomware hack caused patient harm in UK, data shows
Ransomware attacks have surged by some 300% in the last decade, and...
US SEC sues Elon Musk over late disclosure of Twitter stake
Elon Musk In a complaint filed in Washington, D.C. federal court,...
India needs $10.1 trn investments for net zero emissions by 2070: CEEW
Majority of the investments would be needed to transform India's power sector. Such investments totaling $8.4 trillion would be required to significantly scale up generation from renewable energy and associated integration, distribution and transmission...
Only 1.2% of world’s top firms make substantial climate disclosures-Arabesque
Health and technology services companies were the worst offenders, with more than 70% making no disclosures, Arabesque’s analysis showed, while energy companies were among those giving the most information. Little more than one percent of 5,000 big companies globally...
Swiss Re PARTNERS Baidu for risk expertise and insurance innovation in autonomous driving
Andrea Keller, Head of Automotive & Mobility Solutions at Swiss Re, said: “Together with our partner Baidu, we analyse how automated cars perceive their surroundings and how they process that information and respond to it. Our goal is to understand how such...
RBI may launch digital currency pilot next year
MUMBAI: The Reserve Bank of India's digital currency may see its pilot launch in the first quarter of the next fiscal year, a senior central bank officer said at the State Bank of India's Banking and Economic Conclave as reported by a local newspaper. "I think...
SC asks general insurers to develop an app for expediting MACT claim payments
If the GI Council and other insurance companies fail to develop the app within two months, the Central government will be called upon to do so,said the SC New Delhi: In a significant development, the Supreme Court has issued a slew of orders in bid to...
Modi urges global cooperation to make cryptocurrencies safe
Prime Minister Narendra Modi . Prime Minister Narendra Modi India's digital currency market was worth $6.6 billion in May 2021, compared with $923 million in April 2020, according to blockchain data platform Chainalysis. MUMBAI: Indian Prime Minister Narendra Modi...
India’s Paytm crashes in market debut, business model questioned
Paytm, backed by China's Ant Group and Japan's SoftBank and Berkshire Hathway, grew rapidly after Uber listed it as a quick payment option in India and has expanded into a plethora of services - insurance and gold sales, movie and flight ticketing, bank deposits and...
India could bar transactions in crypto, permit holding as assets
India's Prime Minister Narendra Modi last week chaired a meeting to discuss the future of cryptocurrencies amid concerns that unregulated crypto markets could become avenues for money laundering and terror financing, sources had said on Saturday. MUMBAI: India is...
India’s first portable wireless spirometer for early diagnosis of COPD, Asthma launched
Currently, COPD( Chronic Obstructive Pulmonary Disorder ) remains the second most common cause of death in India after heart diseases, where India alone bears 32 per cent of the global COPD burden," reads the company statement. On World COPD Day, India's first...
Swiss Re remains positive on global insurance premiums and profitability,expects higher inflation
Jerome Haegeli, group chief economist, Swiss Re Market conditions suggest that positive pricing momentum will continue across all lines and regions. Inflation-driven higher claims development in all lines of business, continued social inflation in the US and...