Anand Roy,Managing director and CEO ,Star Health and Allied...
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Vaishnaw calls for global collective efforts to deal with risks, dangers posed by AI
“The whole package… the whole AI Mission which was approved by the...
Sensex crosses 80,000 in record opening, banking stocks lead rally
"Higher global markets are setting up a positive open for Indian...
Robots in finance could wipe out some of its highest-paying jobs
“Financial machine learning creates a number of challenges for the 6.14 million people employed in the finance and insurance industry, many of whom will lose their jobs — not necessarily because they are replaced by machines, but because they are not trained to work alongside algorithms,” Lopez de Prado told the US House Committee on Financial Services.
India ranks 73rd in UN index assessing e-commerce readiness
India is ranked 73rd in the 2019 index, slightly improving its position from 80 in 2018 and 83 in 2017. According to the report, in India Internet shoppers as a share of Internet users was 11 per cent and Internet shoppers as a share of population 3 per cent in 2017.
LIC removes convenience fee on credit card payments
Henceforth, all digital collections will be free of charges for customers. With this initiative, LIC’s valued policyholders can transact online seamlessly, free of charges. This facility of free transactions using credit card shall be applicable to and implemented across all collecting systems (Card less payment and card dip / swipe on Point of Sale machines).
IndiGo asks pilots to stop pushing Airbus engines to limit after shutdowns
All the budget airline’s A320neo aircraft now use a lower thrust setting following take off, according to a spokeswoman from IndiGo, which has suffered 13 engine shutdowns during ascents this year. The decision was taken “in order to make every possible effort to minimize exposure of engines,” she wrote in an email, adding that manufacturer Pratt & Whitney stated there’s no evidence of a connection between climbing procedure and engine incidents.
Swiss Re outlines strategies for further profitable growth in reinsurance
“We are investing in research and technology to give us an edge in accessing growing risk pools, such as natural catastrophe, and drive forward our Corporate Solutions and Life Capital businesses. The Group’s superior capital strength allows us to capture such opportunities and maintain attractive shareholder returns.“
Sebi plans to rope in agency to implement data analytics project
The analytics/model development would include developing new models, implementing analytics project, establishing linkages between various entities in the market, automated extraction of details from documents filed with Sebi and prediction of market manipulations such as insider trading and front running.
Cyber attacks top the India Inc’s risk chart: Marsh & RIMS Survey
Some other risks which are identified as a part of Top 10 risks for India Inc are- data fraud or theft, fiscal crises, failure of critical infrastructure, failure of critical infrastructure, failure of climate change adaption, asset bubble, energy price shock, terrorist attacks and failure of urban planning
Vulnerability detected in WhatsApp; CERT-In issues advisory
The advisory comes in the backdrop of recent developments where WhatsApp had informed the Indian government in September that over hundred Indian users were targeted by the Israeli spyware Pegasus.
Watch Out Finance, Business, Tech Workers. Artificial Intelligence Is Coming.
AI is less likely to be able to take over in situations where relationships between people are key, which means men are more likely to be affected than women, Webb said in an interview. “Women are much more likely to be in occupations that require strong interpersonal skills,” Webb said in a phone interview.
Govt finalising new IT rules for social media entailing traceability of info originator
The proposed new norms include the deployment of technology-based automated tools or appropriate mechanisms for proactively identifying and removing or disabling public access to unlawful information or content, Minister of State for Electronics and IT Sanjay Dhotre said in a written reply to the Rajya Sabha on Thursday.