Sanjay Garg, Director General, BIS noted that Indian Standards...
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Singapore lawmakers amend bill to stop Allianz’s insurance deal
The move comes two days after the government — in a rare move — said it wouldn’t be in the public interest for the Income Insurance Ltd. transaction to go ahead in its current form. It wasn’t satisfied the firm can continue to fulfill its social mission as a...
Star Health confirms data breach, Hacker ‘selling 57.5 lakh insurance premium records for $150K
“We acknowledge that we were the victim of a targeted malicious cyberattack, resulting in unauthorized and illegal access to certain data. We make it absolutely clear that our operations remain unaffected, and all services continue without disruption,'' Star Health...
Cyber Risks: Frequency of large claims (>€1mn) up 14%, severity increase 17% in H1 2024
Worldwide, the average cost of a data breach reached an all-time high in 2024 of $4.9mn. In comparison, the average data breach costs in Japan, South Korea, ASEAN, and India are $4.19mn, $3.62mn, $3.23mn, and $2.35mn respectively, according to IBM's Cost of a Data...
Green Banking: RBI to create Reserve Bank Climate Risk Information System
``Climate change is emerging as a significant risk to the financial system world over. This makes it necessary for regulated entities to undertake robust climate risk assessment, which is sometimes hindered by gaps in high quality climate related data,'' said...
No digital labour platform perfect to ensure gig workers’ welfare in India: Report
The report by Bengaluru-based Fairwork India, spearheaded by the Centre for IT and Public Policy (CITAPP), International Institute of Information Technology Bangalore (IIIT-B), in association with Oxford University, assessed the 11 platform against five principles:...
Cognizant adopted discriminatory practices against non-Indians: US jury
The verdict came after the IT firm failed to persuade a Los Angeles federal judge last month to toss a 2017 job bias class-action lawsuit when a previous trial ended with a deadlocked jury California: Cognizant Technology Solutions Corp. engaged in a pattern of...
Brazil drought drops Amazon port river level to 122-year low
Scientists predict the Amazon region may not fully recover moisture levels until 2026 The river port in the Amazon rainforest’s largest city of Manaus on Friday hit its lowest level since 1902, as a drought drains waterways and snarls transport of grain exports and...
AI can be as dangerous for world as nuclear weapons: EAM Jaishankar
S. Jaishankar,External Affairs Minister On the ongoing Middle East conflict, he said that today the fight is taking place only for economic corridors, land and sea, but in the future, there will be fights over climate change also. He further highlighted that the...
“Despite evolving global economic challenges, the study indicates a positive business outlook across several sectors in India. This sentiment continues in many of the domestically driven sectors illustrated by the projected increments in the manufacturing, life...
UK closes its last coal power plant, to generate all of its energy from renewable sources by 2030
The shutdown makes Britain the first country from the Group of Seven major economies to phase out coal — though some other European nations, including Sweden and Belgium, got there sooner. The UK government hailed the closure as a milestone in efforts to generate all...