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US says it struck Iranian military sites, Tehran responds with air base attack
The strikes on Iran's Gulf coast were in response to "aggressive Iranian actions that included the shootdown of a U.S. MQ-1 drone that was operating over international waters," the U.S. Central Command said in a post on X. DUBAI: The U.S. said it struck Iranian...
LIC considers fintech arm amid push for technology-led expansion
"So, both go hand in hand…we are engaging the fintech players but whether it can be a strategic partner, we are looking at various options available and we may be coming up with something…our first aim is to modernize our IT applications and become as agile and...
Govt launches AI-enabled Chatbot to help citizens lodging grievances online
Citizens can now lodge grievances by simply speaking, in their own native language; the system automatically identifies the right Ministry and Department New Delhi:The Centre on Saturday unveiled an Artificial Intelligence (AI)-enabled chatbot to help citizens raise...
Finance Ministry flags inflation,crude oil and monsoon risks in monthly economic assessment
With the IMD projecting monsoon rainfall at around 92% of the long-period average, the department cautioned that "any significant rainfall deficit coupled with current geopolitical conditions could translate into food inflation, weakening rural demand and aggregate...
Indian court ruling on Google keyword ads could reshape online advertising
The court said Google allowed rivals of India's Hindware to use "Hindware" as a keyword to target their own advertising. The ruling said, "the manner in which Google operates its AdWords Policy makes it clear that Google sells or auctions the use of the trademark …...
Trump ends Situation Room meeting without announcement; WH says ceasefire deal must “satisfy red lines”
"The Hormuz Strait must be immediately open, no tolls, for unrestricted shipping traffic, in both directions. All water mines (bombs), if any, will be terminated (we have removed, through detonation, numerous such mines with our great underwater mine sweepers. Iran...
Govt amends CSR norms; provides more leeway for cos
"This amendment is aimed at providing significant ease of compliance to the companies and will also help Not for Profit Organisations (NPOs), to raise funding for public welfare projects in a transparent and regulated manner. New Delhi:In a significant move, the...
Health insurance providing financial protection to over 60% of Indian households:Govt Survey
Flagship schemes such as Ayushman Bharat – Pradhan Mantri Jan Arogya Yojana (PM-JAY) have played a pivotal role in increasing access to affordable healthcare services, particularly for vulnerable populations.Expansion marks a critical step towards universal health...
DFS launches Common Landing Portal for unclaimed financial assets
M. Nagaraju,Secretary, DFS The portal, accessible at https://www.unclaimedassetsportal.in, serves as a unified platform providing access to search facilities relating to unclaimed bank deposits, insurance claims, shares, dividends and mutual funds available across the...
India expects 2026 monsoon rains to be below average
An El Nino weather effect is likely to develop soon and influence rainfall during the four-month monsoon season from June to September, M Ravichandran, secretary in the earth sciences ministry New Delhi:The India Meteorological Department announced on Friday monsoon...
Iran, US reach deal to extend ceasefire, lift restrictions on shipping through Hormuz, pending Trump’s approval
According to four sources familiar with the matter, the agreement would extend the truce for another 60 days and allow traffic to flow through the strategic waterway while negotiators tackle difficult issues such as Iran's nuclear program. WASHINGTON/CAIRO: The United...
Indian BFSI sector faces cyberattacks at 1.6 times global average: Report
76 per cent of CISOs now rank AI-enabled attacks among their top cyber priorities for 2026, while 83 per cent are embedding AI into cyber operations, according to the report. New Delhi: India’s banking, financial services and insurance (BFSI) sector is facing...
Cybersecurity & AI:Building a synchronous BFSI enterprise
Mid-size organisations face the sharpest exposure: having digitized aggressively and built deep interconnections across the financial system, they carry the risk profile of large players with a fraction of the cyber investment to match it. Data Security Council of...
AIC chief Lavanya Mundayur selected as CMD of New India Assurance
Lavanya Mundayur, CMD, Agriculture Insurance Company The FSIB had interviewed six candidates on Thursday and chose Mundayur for the post of NIA CMD. New Delhi:The Financial Services Institutions Bureau(FSIB), on Thursday, has selected Lavanya Mundayur, 57,CMD,...
Global temperatures to reach near-record highs in next five years, report finds
"There's very clear evidence that the climate is warming and that the global average temperature is continuing to rise," Melissa Seabrook, a research scientist at the UK Met Office. Average global temperatures are forecast to reach near-record levels in the next five...
SC says right to trauma care of citizens integral part of right to life; passes slew of directions
A bench of Justices J K Maheshwari and A S Chandurkar also directed the states and UTs to establish functional (physical and digital) good samaritan grievance redressal systems with designated nodal authorities at state and district level within three months, and...
Bajaj Finserv to Invest in AI, Tech Startups
"Bajaj Finserv companies will invest Rs 1,500-2,000 crore over a five-year period in startups and early-stage companies with strong scalability potential across AI, cybersecurity, quantum technologies, fintech and consumer technology platforms," the statement said....
Wealthy families cut dollar exposure, survey finds
"For the first time, we are feeling that family offices want to build up in Asia Pacific and, to a certain degree, also in Western Europe," UBS executive Benjamin Cavalli said. "That mainly affects family offices outside the United States, but we are also seeing...