K Rajaraman, chairman, International Financial Services Centres...
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Fitch warns AI market correction emerging as major global credit risk
“The extent to which capital markets and economies have become...
Google India’s nodal officer booked over ‘fake’ app on Play Store
The victim stated that fraudsters contacted him through a social...
GIFT City rises in GFCI rankings, reflecting India’s momentum as a global financial hub
GIFT City's overall rating improved, underscoring increasing confidence among global investors and institutions in India's emerging international financial ecosystem. It also made a significant gain in the FinTech Index, where it rose five positions from 40th to 35th...
IRDAI tightens fraud control measures for re/insurers and distribution partners, to be implemented from next Apr 1
All insurers have to share with Insurance Information Bureau (IIB) the details of distribution channels, hospitals, third party vendors and fraud perpetrators blacklisted and IIB will have to maintain the caution repository concerning all such details in order to...
Indian Healthcare: Transparency Drives Patient Choice
``Establishing a central authority to create, enforce and celebrate standards, empower patients and foster collaboration among providers, payors, clinicians and patients, will be key. With decisive action, India can achieve affordable, world-class healthcare for all...
“Ground Boeing 787 aircraft for electrical checks”: Federation of Indian Pilots
"Since June 16, 1925, we have reiterated that all B-787s in the country must be thoroughly checked for their electrical systems. On 04 Oct the RAT deployed on AI-117 a/c while on approach at BHX. On 09 Oct, AI-154 from Vienna to Delhi diverted to Dubai due to major...
Minister of Communications cautions against AI’s unchecked risks
``Facial recognition systems have misidentified minorities with up to 80% error rates, while in healthcare, AI misdiagnosed 20% of tuberculosis cases in Uttar Pradesh hospitals—underscoring the danger of opaque, unaccountable systems''Pemmasani Chandra Sekhar,...
SIRC announces panel line-up, anchoring conversations on Geopolitics, Sustainability and AI
Anchored on the theme “Staying Ahead, Future Ready”, the 21st edition will bring together global reinsurance leaders to tackle urgent challenges and opportunities in an increasingly volatile world Singapore: The Singapore Reinsurers’ Association (SRA) today announced...
Sitharaman asks fintechs to strengthen risk management to check AI misuse
"Even as AI opens extraordinary possibilities, we must confront its darker side. The same tools that power innovation can be weaponised for deception and for fraud. I'm not personalising it, but I can say, I have seen several deepfake videos of myself being circulated...
NITI Aayog unveils roadmap on AI to empower 490 million informal workers
NITI Aayog's Mission Digital ShramSetu will harness AI, blockchain, immersive learning, and other frontier technologies to dismantle structural constraints — ranging from financial insecurity and limited market access to lack of skilling and social protection — and...
India to introduce RBI-backed digital currency: Piyush Goyal
"We have not been encouraging cryptocurrency, which does not have sovereign backing or which is not backed by assets, say it on the federal bank or local currency. India has also announced that we will be coming out with a digital currency, which will be backed by a...
India advancing towards inclusive and universal social protection: Mansukh Mandaviya
“We are strengthening our social security through comprehensive policy, process, and digital reforms. India is leveraging technology to create new income opportunities and a social security net through a holistic approach that combines financial access, skilling,...