``Believe me, in the next five to seven years time, expenses for...
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NIA CMD cautions on inadequate pricing for natural catastrophe perils
Girija Subramanian, CMD, NIA, explained that while seamless digital...
South-South Cooperation:High-level Kenyan delegation visits India to learn about AB PM-JAY
(Lto R)Dr. Gregory Ganda, County Minister for Health, Kisumu County...
In APAC region 75 pc CFOs see AI agents as revenue drivers, Salesforce report
The findings highlight a shift in AI strategy, moving from cautious spenders to strategic investors, with financial leaders betting on AI not just for cost-cutting, but as a crucial engine for long-term revenue growth. New Delhi: As many as 75 per cent of chief...
Cloudbursts: Hitting Himalayan regions hard
This monsoon season has so far seen at least four major deadly cloudbursts, including in Uttarakhand, India, where video captured the moment when village buildings were swept down a mountain, and in Buner, in the Hindu Kush mountain range in Pakistan, where more than...
Cabinet approves bill to regulate online gaming platforms, real money games may face ban
Sources said that the decision has come following observations from the government that online money gaming provides means to facilitate money laundering, fraudulent financial transactions, and cyber crime, among others The Cabinet has approved the bill to regulate...
AI, deepfakes real challenges before election commission: CEC Gyanesh Kumar
"Artificial Intelligence (AI) and deepfakes are indeed real challenges for us. Just yesterday, an X handle had shared an AI-generated video that was far from truth." Gyanesh Kumar,Chief Election Commissioner New Delhi: Chief Election Commissioner Gyanesh Kumar on...
Generative AI set to improve banking operations in India by 46%: RBI Report
Generative Artificial Intelligence (AI) has the potential to improve banking operations in India by up to 46 per cent, according to a report by the Reserve Bank of India (RBI). The central bank noted that AI can help financial institutions better understand customer...
Aon sued for its role in collapse of Israel insurtech Vesttoo
The lawsuit claims Aon “ignored red flags” about letters of credit and encouraged counterparties to work with Vesttoo despite expressing concerns internally about the business. The trustee, Lawrence Hirsh, alleges the insurance broker partnered with Vesttoo in an...
Mumbai: Crypto exchange platform CoinDCX on Thursday said it has rolled out a nationwide financial literacy initiative with an investment of Rs 10 crore to empower every Indian with the knowledge to participate in the rapidly growing digital asset economy. "India is...
Advent International to acquire Israeli software provider Sapiens International for $2.5 billion in cash
“Insurers are increasingly turning to technology to help unlock growth and profitability… We will work with the company (Sapiens) to accelerate investment into technology innovation, AI, and customer centricity,” Douglas Hallstrom, a director at Advent, said in a...
RBI panel recommends AI framework for finance sector
"The report envisions a financial ecosystem where encouraging innovation is in harmony, and not at odds, with mitigation of risk," the RBI said in a statement MUMBAI: An RBI panel has recommended that banks and other financial institutions formulate a policy to...
Banks to clear cheques within few hours from Oct 4: RBI
To improve the efficiency of cheque clearing and reduce settlement risk for participants, and to enhance customer experience, the RBI has decided to transition CTS from the current approach of batch processing to continuous clearing with 'on-realisation-settlement'....