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Govt cracks down on SMS scammers; blacklists 8 principal entities found spewing fraud msgs
The Department of Telecom (DoT), in collaboration with the Ministry...
Tata AIA Life provides instant loan up to Rs 1 lakh against policies
Policyholders of Tata AIA Life Insurance can now avail an instant...
Mastercard commits Rs 7,000 crore investment in India in next 5 years
There were as many as 990.6 million cards (46 million credit cards and 945 million debit cards) at the end of February 2019, according to RBI data.
From its formation to landfall, how IMD tracked cyclone ‘Fani’
Data was processed under different weather models by the Indian Institute of Tropical Meteorology (IITM), Pune and National Centre for Medium Range Weather Forecasting (NCMRWF), Noida. These two institutes have two supercomputers that process data. Twelve hours before the landfall, we kept sending updates on locations to concerned states every half hour using our radars, besides releasing hourly bulletins, IMD’s Director General K J Ramesh. said
Microsoft tools ease access to Blockchain, Artificial Intelligence for businesses
The company is also introducing a cloud-based blockchain service. The block chain, a ledger for keeping track of transactions among many participants, is used in the financial technology space, and Microsoft said it is working with JP Morgan Chase & Co on the bank’s Quorum offering.
Tesla to launch insurance products in May
“The answer is yes we are creating a Tesla insurance product and we hope to launch that in about a month. It will be much more compelling than anything else out there,” Tesla CEO Elon Musk said
Data and alternative risk finance methods are boosters for risk managers:Report
“By effectively marshalling data and risk modeling tools, organizations can better understand changes in their risk profiles and risk bearing capacity allowing them to access the opportunities presented by the growing levels of capital available for risk finance,” said Brian Elowe, North American Chief Client Officer, Marsh.
Privacy practices probe could cost facebook up to $5 billion
Under the terms of the 2011 settlement with the US Federal Trade CommissionC, Facebook agreed to get user consent for certain changes to privacy settings. The agreement stemmed from claims that it deceived consumers and forced them to share more personal information than they intended. That complaint arose after the company changed some user settings without notifying its customers.
Direct-to-Consumer model gains traction in US auto insurance market
What’s driving this trend? In a word: consumerism. The shift in consumer behavior in the auto insurance industry is quickly moving from face-to-face to digital as large, well-capitalized insurers give consumers the tools to shop as they would for any other consumer product. Increasingly, those insurers who get that consumer model right are the ones who will dominate the market.
WHO releases first guideline on digital health interventions
One digital intervention already having positive effects in some areas is sending reminders to pregnant women to attend antenatal care appointments and having children return for vaccinations. Other digital approaches reviewed include decision-support tools to guide health workers as they provide care; and enabling individuals and health workers to communicate and consult on health issues from across different locations.
New crop of satellites will identify biggest contributors to Climate Change
“Space-based technologies are allowing us for the first time to quickly and cheaply measure greenhouse gases,” said Mark Brownstein, a senior vice president at Environmental Defense Fund, which plans to launch its MethaneSAT in 2021. “Oftentimes both government and industry are not fully aware of the magnitude of the opportunity to cut emissions. With that data, they can take action.”
Alphabet’s wing is first commercial Drone Unit certified as Airline
“It’s an exciting moment for us to have earned the FAA’s approval to actually run a business with our technology,” Wing Chief Executive Officer James Ryan Burgess said in an interview. He called it “pivotal” both for his company and the drone industry in general.