"Right now we are in a conversation regarding deepfakes, regarding...
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PSU banks and insurers playing a central role in advancing national priorities: Govt
(Lto R) R Doraiswamy, CEO &MD, LIC, CS Shetty,Chairman, SBI and...
Goa govt studying possibility of restriction on social media use for children below 16: Minister
"The state plans to constitute a task force comprising...
Bima Sugam achieves financial closure, mops up Rs 340 crore from insurers and GIC Re
The Ministry of Finance has prohibited three PSU general insurers- Oriental Insurance Company , National Insurance Company and United India Insurance- from providing any capital to Bima Sugam as currently, they lack shareholders’ capital and they are not permitted use...
Delhi’s ‘old car no fuel’ policy to kick in soon, fuel stations get cameras to scan vehicles
In March, the Delhi government unveiled its plans that fuel pumps in the national capital will not provide petrol and diesel to vehicles older than 15 and 10 years, respectively. The city has 500 fuel refilling stations New Delhi: With 477 fuel refilling stations in...
AAIB plans granular analysis of data related to incidents involving aircraft in Indian airspace
Coming under the civil aviation ministry, AAIB is responsible for classification of safety occurrences involving aircraft operating in the Indian airspace into accidents, serious incidents, and incidents New Delhi: Aircraft Accident Investigation Bureau (AAIB) plans...
Banks seek power to freeze accounts in illicit transactions cases to rein in cyber fraud
``Banks freeze/block accounts based on internal triggers, however, as per the Prevention of Money Laundering Act (PMLA), they do not have the authority to freeze or block customer accounts without proper authorisation from a court or law enforcement agencies (LEAs. In...
WhatsApp faces outage In India, Users report issues with sending messages
Earlier in the day, many people even faced difficulties while making payments via Unified Payments Interface (UPI). New Delhi: Meta-owned messaging app WhatsApp faced issues in India on Saturday evening, with users reporting issues in sending messages. Taking to...
Maharashtra Cyber issues advisories to depts on online threats acts against Wikipedia Proton Mail
The departments include Maharashtra Public Service Commission, the Directorate General of Information and Public Relations (DGIPR), the Electricity Department, Maha DBT, among others, as Maharashtra Cyber and the Computer Emergency Response Team (CERT) in many cases...
AI in Insurance: GenAI tools driving over 30% productivity gains, industry leaders getting results, BCG Report
Pallavi Malani, India Leader - Insurance Practice, BCG said, “Generative AI is reshaping the insurance industry. From underwriting and claims automation to customer service and AI enabled agency channel – we expect AI to structurally change the industry. Particularly...
FM Nirmala Sitharaman chairs India-UK Investor Roundtable in London
The key priorities for the India-UK Economic and Financial Dialogue on the Indian side have been flagged as cooperation in IFSC GIFT City, investment, insurance and pension sectors, fintech and digital economy, and mobilising affordable and sustainable climate finance...
Govt showcases new Aadhaar app for instant authentication, says verification will be as simple as UPI payment
"Now with just a tap, users can share only the necessary data, giving them complete control over their personal information - New Aadhaar App (in beta testing phase)... Aadhaar verification becomes as simple as making UPI payment. Users can now digitally verify and...
Flipkart fined Rs1.06 cr for flouting IRDAI norms
Flipkart Internet Pvt Ltd ( FIPL) is a registered corporate agent under composite category Hyderabad: The Indian insurance regulator IRDAI has slapped a fine of Rs 1,06 crore on prominent e-commerce company Flipkart, promoted by Binny Bansal and Sachin Banls, for...