E-commerce, social media and gaming platforms will fall under the...
Category:
Technology
Latest
LIC remains 4th largest global life insurer in S&P’s latest ranking
Published a week back, S&P has Allianz SE, ($807 billion,...
Commercial aviation suffers deadliest year since 2018
The spike in fatalities marks a reversal from 2023, which became...
Insurtech: HDFC Life to identify innovative startups
Encouraged by the success of the last three phases, HDFC Life and IvyCamp announced a fourth phase for the program. In the third phase, Futurance scouted startups across the blockchain applications, virtual reality, non-invasive medical innovation and Insta agent.
Madras HC quashes order increasing speed limit to 120 kmph on highways
The present bench observed that though there was a better engine technology and improved road infrastructure, there was no improvement in compliance of the road safety rules by the motorists.
From the report released by the Ministry of Road Transport and Highways, the number of deaths taking place on roads would prove that more accidents were occurring due to over speeding.
When over speeding was a major cause for road accidents, it is not known as to how the improvement in road infrastructure and engine technology would reduce accidents. In fact, better engine technology would always be a reason for uncontrolled speed and thereby, cause more accidents, the bench said.
Large claims push up Cyber premiums by 39% for all European industries: Marsh
Malicious cyber events accounted for 80% of cyber claims made in Continental Europe last year, up from 70% in 2019,according to a report published by Marsh, the world’s largest insurance broker and risk advisor, in collaboration with Microsoft, international law firm CMS, and Kivu, a global cyber security firm,
Ransomware attacks accounted for 32% of cyber claims in 2020 – more than double that recorded for 2016-2020 (14%). Overall, cyber insurance claims across Continental Europe rose by 8% in 2020.
Aviation Ministry grants ICMR conditional permission to use drones for vaccine delivery
The ICMR has been permitted to use drones up to a height of 3,000 metre to deliver vaccines, the ministry’s statement added.
RBI cautions against frauds in the name of KYC updation
The central bank has been receiving complaints about customers falling prey to frauds being perpetrated in the name of KYC updation. The usual modus operandi in such cases include receipt of unsolicited communication, like calls, SMSs and emails by customer urging him/her to share certain personal details, account/login details/card information, PIN and OTP or install some unauthorised/unverified application for KYC updation using a link provided in the communication.
India, US agree to collaborate on emerging fuels
”Minister Puri emphasized that the revamped clean energy partnership will intensify the efforts from both sides to take advantage of the complementarities that exist between the US and India – advanced US technologies and rapidly growing India’s energy market, for a win-win situation through a cleaner energy route with low carbon pathways,” said a statement from the oil ministry
Medicine delivery by drones to be piloted in 16 zones in Telangana: Scindia
Launching Medicines from the Sky’ project here, Scindia said the new Drone Policy brought out by the NDA government at the Centre recently eased rules regarding drone operations in the country by reducing the number of forms that need to be filled to operate them from 25 to 5 and decreasing the types of fee charged from the operator from 72 to 4. Under the Green zone, no permission is needed to fly drones.
CoWIN launches new API: KYC-VS — Know Your Customer’s/Client’s Vaccination Status
To provide proof of vaccination for each of these individuals, Co-WIN is already issuing a digitally verifiable certificate. This certificate can be saved on a digital device (smartphone, tablet, laptop, etc), or stored in Digi Locker from where it can be digitally shared as and when required as proof of vaccination, the ministry said in a statement.
Similarly, at entry points where such certificate is required (e.g., in malls, office complexes, public events, etc), it may be shown in both digital and physical forms.
Govt launches drive to on-board 8.68 lakh street vendors for digital payments
”The special drive aims to accelerate on-boarding of street vendors on the UPI QR code and handhold them to start accepting and making digital payment transactions. Five major aggregators including Paytm, Phone Pe, Bharat Pe, Mswipe and Aceware have agreed to participate in 45-day special drive for digitally onboarding the street vendors with BHIM-UPI QR code on pro-bono basis,” Ministry of Electronics and IT said in a statement.
IBM Watson launches new AI and automation features to help businesses transform customer service
“We believe industries in India such as BFSI, Retail, Telecom, e-commerce etc. will benefit from these features to seamlessly automate tasks by providing a superior customer and agent experience,” said Viswanath Ramaswamy, Vice President, Technology, IBM Technology Sales, IBM India / South Asia.
“One critical challenge facing nearly every business today is the need to better communicate with their customers and employees across all channels,” said Daniel Hernandez, General Manager of Data and AI, IBM. “We’re continuously delivering new innovations in natural language processing, automation and advancing responsible AI, and building a strong, open ecosystem with partners like IntelePeer to help businesses transform customer care with Watson Assistant.”