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Govt allows use of 100 pc ethanol fuel in flex-fuel vehicles, amends emission norms
According to the Gazette notification, the government has included...
PM inaugurates RBI’s Rs 169-cr data centre, Cybersecurity Training Institute in Odisha
Prime Minister Narendra Modi inaugurating the Reserve Bank of...
India can achieve over 10% economic growth, says Sitharaman
Nirmala Sitharaman,Union Finance Minister Sitharaman cited the use of technology to speed up harvesting and prepare land for the next crop, as well as drones and aerial geospatial instruments for precision mapping of land parcels that were earlier mapped manually....
Meta misled consumers in case over Cambridge Analytica scandal, jury says
The lawsuit accused the company of making statements that misled New Mexicans about how their personal information would be shared with third parties; how it handled hate speech and misinformation on the platform; and whether it gave some users preference in how it...
Airbus detects surface coating issue with A321 neo fuselage; some IndiGo planes see impact
Around a dozen of A321 neo planes with IndiGo have been impacted, the sources said while there is no impact on the aircraft in the Air India fleet New Delhi: Airbus has detected a quality issue with the surface protection coating on the fuselage of a significant...
Interconnected Risks: AI and supply chains open new pathways to systemic stress, find Swiss Re and LSE
Ivan Gonzalez, chief executive officer of Corporate Solutions at Swiss Re, said: "A company may look diversified until you discover that its suppliers, technology providers and customers depend on the same infrastructure. One disruption can therefore affect more parts...
IRDAI plans sweeping reset of insurance distribution, say experts
“The changes would directly affect automobile dealers, OEM-linked brokers, insurers and other motor insurance distributors quite drastically. By reducing upfront earnings from new-vehicle policies and tightening dealer-linked arrangements, the proposals could further...
UN chief calls for AI pact to prevent rise of killer robots
Antonio Guterres,secretary general of the United Nations “We are witnessing an extraordinary transfer of power away from government to a handful of private corporations and individuals,” Antonio Guterres,secretary general of the United Nations, said as he appealed for...
Marsh launches Broker WorkBench: AI-powered platform to reduce placement times for specialty risk
“This new platform will enhance the value of the broker-client relationship by equipping our brokers with data-driven insights and greater efficiency. This gives them more time to deliver tailored insurance solutions that reduce our clients’ total cost of risk,...
Future of Claims Management: Simplified, smarter and seamless for general insurance customers
The ability to submit claims through dedicated microsites or mobile apps can slash claim intimation lead times and help insurers in subsequent claims processing without the need to deploy additional human resources. Varsha Gujarathi, Chief Customer Officer, Universal...
Insurance and bank stocks erase $14 billion on IRDAI’s fee cap plan
PB Fintech, which owns Policybazaar, plunged as much as 34%, while Turtlemint dropped 20%. Shares of HDFC Life, Bajaj Finserv, the holding company for Bajaj Life and Bajaj General Insurance and Max Financial Services, the holding company of Axis Max Life Insurance...
FSSAI starts penal action against Amazon, Swiggy, BigBasket, others
In a social media post, the Food Safety and Standards Authority of India (FSSAI) informed that it has launched a "major crackdown on e-commerce platforms, including Amazon, Swiggy Instamart, BigBasket, Flipkart India and Zepto over regulatory non-compliances". The...