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PB Fintech to set up payment aggregator subsidiary

by AIP Online Bureau | Mar 21, 2024 | Indian News, Intermediaries, Regulation, Technology

The subsidiary called ‘PB Pay Private Limited’ would carry on the business of payment aggregator’ domestic and/or cross border or both, as may be permitted by the Reserve Bank of India, by facilitating merchants with offline and/or digital payment acceptance...
GIC Re provides CSR funds for key rural development project in Maharashtra

GIC Re provides CSR funds for key rural development project in Maharashtra

by AIP Online Bureau | Mar 20, 2024 | Eco/Invest/Demography, Health, Indian News, Reinsurance

L to R- N Ramaswamy, CMD, GIC Re, Praveen Pardeshi, CEO,Maharashtra Institution for Transformation (MITRA),Eknath Shindhe, Chief Minister, Maharashtra and Ajit Pawar, Dy Chief minister, Maharashtra, at an occasion in Mumbai to hand over GIC Re’s cheque of over...
LIC terminates services of its employee in front-running trades case

LIC terminates services of its employee in front-running trades case

by AIP Online Bureau | Mar 20, 2024 | Eco/Invest/Demography, Indian News, Life, Regulation

Sebi on Tuesday confirmed a securities market ban on five entities, including an employee of Life Insurance Corporation of India (LIC), in a case pertaining to front-running trades of the state-owned insurer Mumbai: Life Insurance Corporation (LIC) on Wednesday said...
Meta to operationalise Elections Centre; to curb misinformation, misuse of AI-made content

Meta to operationalise Elections Centre; to curb misinformation, misuse of AI-made content

by AIP Online Bureau | Mar 20, 2024 | Eco/Invest/Demography, Indian News, Risk Management, Technology

The social media giant said the India-specific Elections Operations Centre will bring together experts from across the company from intelligence, data science, engineering, research, operations, content policy and legal teams, to identify and mitigate threats in...
French competition watchdog hits Google with 250 mln euro fine

French competition watchdog hits Google with 250 mln euro fine

by AIP Online Bureau | Mar 20, 2024 | Eco/Invest/Demography, International News, Policy, Regulation, Technology

The watchdog said Google’s AI-powered chatbot Bard – since rebranded under the name Gemini – was trained on content from publishers and news agencies, without notifying them. Google has pledged not to contest the facts as part of settlement...
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