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Govt directs telecos to block incoming international spoofed calls
"DoT and Telecom Service Providers (TSPs) have devised a system to...
Shriram Life Insurance reports a flat profit of Rs 158 crore in FY 24
Casparus J H Kromhout, MD & CEO, Shriram Life Insurance said,...
Most Americans continue to be very afraid of Self-Driving cars: Survey
The survey also gauged public reaction to more limited uses of autonomous vehicles. Just more than half of U.S. drivers—53 percent—said they would be comfortable using fully self-driving vehicles as low-speed people-mover systems at airports or theme parks, free from the chaotic traffic of the open road. Even fewer Americans—44 percent—said they would be comfortable with autonomous delivery vehicles that haul food or packages, not passengers.
Boeing to upgrade 737 MAX stall prevention system in 10 days: Source
The company has previously characterised the software upgrades as an effort to make a safe plane even safer. Engineers are making changes to the system designed to prevent an aerodynamic stall if sensors detect that the jet’s nose is pointed too high and its speed is too slow. Satellite-based data showed that both the Ethiopian Airlines and Lion Air planes flew with erratic altitude changes that could indicate the pilots struggled to control the aircraft. Both crews tried to return to t ..
India must address digital payments security issues: Nandan Nilekani
“I think increasing number of transactions, at the same time less security issues, less fraud issues, less disputes… could be what we need to see,” Nilekani said
Binny Bansal and others invest $ 65 mn in Acko general insurance
The company is backed by Amazon, Accel, SAIF, Intact Ventures, RPS Ventures, Binny Bansal -co-founder of Flipkart,Narayan Murthy’s Catamaran Ventures, Swiss Re, Transamerica Ventures, Kris Gopalakrishnan – Co-founder of Infosys,AtulNishar – Founder & Chairman of Hexaware Technologies,Ashish Dhawan of ChrysCapital, Hemendra Kothari of DSP Blackrock, Rajeev Gupta, veteran investment banker and Founder of Arpwood Capital, Subba Rao of NuVentures and Venk Krishnan.
China Re launches renewable energy consortium for offshore windfarm risks
The consortium covers construction all risks (CAR), erection all risks (EAR) and third-party liability (TPL) and can provide capacity of up to USD 225M per risk.
Hannover Re announces the launch of insurtech initiative
The online platform provides access to a diverse range of solutions spanning the entire value chain, propelling the insurance industry forward by making it easier to find and implement new technology.
India’s data usage to grow at 73% CAGR by 2022: Assocham-PwC study
While internet penetration is increasing in India, with mobile internet penetration set to reach 56.7 per cent in 2022 from a mere 30.2 per cent in 2017, connectivity and consistency in speed issues need to be addressed, said the study titled ‘Video on Demand: Entertainment reimagined’.It further said that in a country where approximately 65-70 per cent of the population resides in rural areas, no service meant for the masses can afford to ignore this market.
Hybrid car-plane, van with gemstones: Luxury takes centre stage at Geneva Motor Show
The Battista is the first so-called hypercar – which are ultra-light, ultra-fast aerodynamic cars – that is fully electric, according to a Pininfarina sales rep on the floor.Only 150 Battistas will be made, each with a 1,900 horsepower engine can go from 0 to 100 kilometres (0-62 miles) per hour in less than two seconds. The vehicle, which carries a price tag of around two million euros ($2.2 million), was conceived for enthusiasts who have “money … and a really great passion for cars,” the sales rep said.
Business organisations need to pay up to Rs 20 for using Aadhaar services: UIDAI
“The entities have been incurring a cost of Rs. 150-200 per KYC sans Aadhaar. They have been demanding to use Aadhaar-based authentication and KYC services on account of these being convenient to them and their customers and also the fact that they will save huge amount which they currently incur in doing KYC through traditional means such as paper, physical verification, etc,” an official source told PTI.
Aon partners with insurtech firm on tracking marine risk accumulations
In an era of mega-ports and ultra-large container ships, re/insurers are highly exposed to risk accumulation during a catastrophe, said Aon in a statement. As a result, the need to monitor vessel movement and estimate cargo accumulation has become a critical part of exposure management and risk selection.