Earlier this month, the government said it would amend the...
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Govt planning to use AI for identifying mule accounts to check cybercrime: Amit Shah
Amit Shah, Union Home Minister Union Home Minister Amit Shah said...
Cyber security: RBI introduces ‘bank.in’ as exclusive internet domain for Indian banks
With increased instances of fraud in digital payments becoming a...
LIC deploys IDBI Intech’s Anti Money Laundering solution
IDBI Intech has made steady investments in the latest industry solutions for the BFSI sector, with cutting-edge technology, customer satisfaction and market demands as top priorities. The next generation technologies currently being leveraged include Blockchain, Cybersecurity, Artificial Intelligence and Machine Learning.
Automakers expect better festive season even as chip shortage lingers on
“While we compare with last year, it looks positive this year. But when you compare it to the peak of 2017-19, then we are still 22-23 per cent off that peak so I think we would have to be very careful in saying whether the market situation is better. It looks better than last year but when you compare it with the peak in 2017-19, we are way off, Srivastava noted.
VW CEO says smart cars, not e-cars, are ‘gamechanger’
“Autonomous driving is really going to change our industry like nothing else before,” Diess said in Munich ahead of the official opening of the IAA car show, adding the shift towards electrified cars was “kind of easy” in comparison.
‘Hiving off insurance biz to reinforce focus on core activity in battery segment’:Exide
Google says firmly sees itself as partner to India’s financial ecosystem
According to Google, several of its offerings are built on top of NPCI’s pioneering UPI payment network and infrastructure, “which has grown over 190X in the last 4 years, to processing over INR 6 trillion in value today”.
OneWeb signs unveils insurance programme for its satellites
Marsh arranged a multi-launch insurance programme covering physical loss or damage to the remaining GEN 1 satellites and launch vehicles with a global panel of leading specialist insurers. The insurance programme underpins the next stage in the development of OneWeb’s global communications capabilities.
Maruti to recall over 180,000 vehicles to replace faulty electrical part
As a responsible corporate, keeping in mind customer safety, the company has announced to proactively undertake a recall of some petrol variants of Ciaz, Ertiga, Vitara Brezza, S-Cross and XL6, MSI said in a regulatory filing.This is to inspect for a possible defect in 181,754 units of these models manufactured between May 4, 2018 to October 27, 2020. In the interest of customers, Maruti Suzuki has decided to voluntarily recall the affected vehicles for inspection/replacement of Motor Generator Unit, free of cost,” said the company.
Govt revamps incentives for autos to boost EVs, hydrogen fuel cells: Report
Auto parts makers, however, will get incentives to produce components for clean cars as well as for investing in safety-related parts and other advanced technologies like sensors and radars used in connected cars, automatic transmission, cruise control and other electronics, the sources said.
“The idea is to promote the development of technology that is currently not manufactured in India but is imported either because regulation demands it or customers want those features in their cars,” said the second source.
Surging collision risks Satellite and Space Debris force insurers to exit satellite coverage market
Space coverage has been a lucrative niche for insurers, which took in $475 million in gross premiums to cover satellites, rockets and unmanned space flights last year and paid just $425 million in losses, according to Seradata.
Space premiums are 10-20 times aviation premiums, said Peter Elson, CEO of insurance broker Gallagher Aerospace.
Only 11 spacecraft have suffered a partial or total failure due to suspected debris strikes over the past decade, according to Seradata, making insurer worries largely theoretical for now.
Yet because insurers predict risks over the life of current and future policies, space underwriters fret over doomsday scenarios years ahead.
Ayush ministry launches ‘Yoga-Break’ app for professionals to de-stress at workplace
New Delhi, Sept 02: Union Minister of Ayush Sarbanand Sonowal on Wednesday launched the 'Yoga-Break' application for working professionals to de-stress, refresh and re-focus at their workplace to increase their productivity. The five-minute protocol...