"Collaborative innovation is now seen as a key driver for fintechs,...
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Combination of EVs, hybrids, plug-in-hybrids will drive India’s clean energy auto sector: Report
As per the report, the Indian EV market has seen tremendous growth....
Tech companies commit to fighting harmful AI sexual imagery by curbing nudity from datasets
In a deal brokered by the Biden administration, tech companies...
Machine learning could aid mental health diagnoses: Study
Patients with depression or psychosis rarely experience symptoms of purely one or the other illness. Historically, this has meant that mental health clinicians give a diagnosis of a ‘primary’ illness, but with secondary symptoms. Making an accurate diagnosis is a big challenge for clinicians and diagnoses often do not accurately reflect the complexity of individual experience or indeed neurobiology.
Reliance partners with Google, FB for digital payment network bid: Report
Last year, India’s central bank invited companies to forge new umbrella entities (NUEs) to create a payments network that would rival the system operated by the National Payments Council of India (NPCI), as it seeks to reduce concentration risks in the space.
Fintech players get $2.7 bn from VCs in 2020: Report
As against this, global fintech investments stood at a whopping $105 billion across 2,861 deals in the year, the third-highest annual total ever, as per the data collated by KPMG India.
Specialty insurer and reinsurer SiriusPoint launches with over $3bn in capital
“We aspire to be a disruptive force in the industry and drive technology innovation – with skilled underwriting at the core of everything we do. We have set a goal to challenge the status quo and define new ways of conducting business with diversity of thought and expertise. I am very excited about our future. We are building a company and a culture we can be proud of.”
Govt sets 50 lakh users threshold to define ‘significant social media intermediary’ under IT rules
The move aims to make social media platforms like Facebook, WhatsApp, Twitter and Instagram – which have seen a phenomenal surge in usage over the past few years in India – more accountable and responsible for the content hosted on their platform.
Boeing to pay $6.6 million to FAA over safety lapses
The new settlement covers FAA allegations that Boeing managers exerted undue pressure on Boeing workers performing certification duties for the FAA at the company’s South Carolina plant. The FAA also alleged Boeing “failed to follow its quality control processes” and “interfered with an airworthiness inspection of a Boeing 787-9.”
Indian Insurance industry has recovered, pays Rs 9,000 crore Covid-19 pandemic claims :IRDAI Chief
While stressing the importance of Customer Data privacy, Khuntia added that the usage of data beyond a point of granularity should be avoided and insurers should not deny a coverage to the people on the ground, which is not under the control of the customers.
He was addressing a seminar on the theme of “Navigating Uncertainty: Insight-Driven Innovation “ organized by National Insurance Academy, in association with Swiss Re, on Friday.
Govt plans two-day halt in vaccinations for software upgrade to widen campaign
“The countrywide vaccination exercise is being exponentially expanded,” the ministry said in a statement, adding that a new version of its Co-Win digital platform was being rolled out at the weekend.
Co-Win, wrapped into a government mobile telephone app, is being widely used to fix vaccination appointments, allow health authorities to monitor supplies and download proof of immunisation.
India tightens regulatory grip on Facebook, WhatsApp with new rules
India is the largest market by user numbers for both Facebook and WhatsApp.
The new rules issued by the government, called the Intermediary Guidelines and Digital Media Ethics Code, will be legally enforceable.
They will require big social media companies to set up a grievance redressal mechanism and within three months appoint new executives to coordinate with law enforcement.
Trading on India’s largest stock exchange halted by telecom breakdown
“The NSE outage is unfortunate, especially for this long. Global exchanges should have adequate backups to ensure that even if there is an outage it’s restored fast,” said Sandip Sabharwal, a Mumbai-based fund manager.
“Asian markets saw a significant crash on Wednesday, and at such times, price discovery real-time becomes even more important.”