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Scouring the Strait of Hormuz for mines could take weeks
Even the possibility of mines could deter companies. A supertanker and its cargo of crude are worth about $300 million, so war risk underwriters, oil and tanker companies would need assurances that passage is safe before they attempt to pass through the strait,...
Govt to sell up to 5% GIC Re stake tom at Rs 352 per equity share
The Secretary, Department of Investment and Public Asset Management, under Finance Ministry, wrote on its official X account, “Offer for Sale of equity in General Insurance Corporation of India (GIC) opens tomorrow for non-retail investors. Retail investors can bid on...
advisors, customers and insurance companies, allowing users to compare and purchase insurance products across health, life and motor segments. Read...
RBI issues stricter norms to curb mis-selling of financial products
The regulator also laid out a broad definition of mis-selling, which includes practices such as offering products that are unsuitable for the customer, providing misleading or inaccurate information, selling products without obtaining explicit consent from the...
Iran, US agree to halt war and reopen Hormuz
Trump said the Strait of Hormuz, a major shipping route for global oil and gas supplies that Iran has effectively shut for months, would open on Friday, and that he had ordered the end of a U.S. blockade of Iranian ports. DUBAI/BEIRUT:The U.S. and Iran said they...
Liberty and ICEYE partner to deliver market-first Parametric wildfire insurance cover
Jean-Christophe Garaix, Head of Parametrics & Agriculture at Liberty, said: “By pushing the boundaries of technology, we are delivering a new generation of parametric wildfire coverage that is faster, more responsive, and fully data driven. Our property wildfire...
US, Iran reach preliminary agreement to end war, signing set for Friday
Donald Trump,U.S. President Trump said the Strait of Hormuz, a major shipping route for global oil and gas supplies that Iran has effectively shut down for months, would open on Friday, and that he had ordered the end of the U.S. blockade of Iranian ports....
Govt allocates over Rs 9,500 crore for AB-PMJAY in FY27
Prime Minister Narendra Modi The government has also expanded access to affordable medicines through the Pradhan Mantri Bhartiya Janaushadhi Pariyojana. More than 15 lakh people are purchasing low-cost medicines daily through Jan Aushadhi Kendras, generating savings...
ICICI Lombard exposes fraudulent claim in Assam accident case
The final conclusion of SIT formed by Assam police confirms that the insured motorcycle was implanted to the incident to extract compensation by fraudulent means, which exposed a highly organized manipulation of accident records. Mumbai:In a significant development,...
LIC targets stronger market leadership as it approaches its platinum jubilee
R Doraiswamy, CEO and MD,LIC Doraiswamy further said LIC is actively considering establishing a fintech arm either through strategic investment or an organic way to cater to its growing digital needs. New Delhi: LIC CEO and MD R Doraiswamy has said that despite rising...
Embedded Insurance: A key differentiator for Southeast Asian device retailers
As connected devices become indispensable to everyday life across Southeast Asia, retailers are facing intensifying competition and rising customer expectations.Embedded insurance offers retailers a powerful way to differentiate themselves by making protection an...
Govt deploys AI-powered survey vehicles to revolutionise national highway maintenance
The high-tech vehicles, fitted with laser profilers, GPS systems, high-resolution cameras and advanced 3D laser sensors, are designed to scan highway stretches and generate detailed digital maps of road conditions. New Delhi: The Ministry of Road Transport and...
Govt approves 100% ethanol fuel accelerating shift to clean energy
Gadkari stated that several major automakers are preparing to introduce ethanol-compatible vehicles in the coming weeks.Companies such as Toyota, Suzuki, MG and Hyundai will launch 100 per cent ethanol-compatible vehicles within the next month and a half. New Delhi:...
AI risks are here, time for tough rules: Anthropic CEO Dario Amodei
Dario Amodei,CEO,Anthropic To ensure AI develops safely, Amodei identified five key policy areas that need to be rethought: regulation and public safety, macroeconomics and taxation, scientific innovation, the balance of power between governments and citizens, and...
AI171 crash investigators did not give much importance to lone survivor’s statement: Pilots body
Stating that the Boeing 787-8 aircraft is highly dependent upon the electrical (systems), such as electrical brakes and lot of batteries and generators in this aircraft and from the time of manufacture, he said the plane has been having a history of "electrical...
Significant progress made in Air India AI-171 crash probe, evidence being analysed comprehensively: AAIB
Air India's Boeing 787-8 or Dreamliner with registration VT-ANB en route to London Gatwick crashed soon after takeoff on June 12, 2025, killing 241 people onboard and 19 on the ground. New Delhi:Aircraft accident probe agency Aircraft Accident Investigation Bureau...
US, Iran inch closer to deal, timing remains unclear
Trump wrote on Truth Social that after a framework deal is signed, the Strait of Hormuz, a vital artery for global oil supplies that Iran has blocked, would immediately be "open to all." WASHINGTON/DUBAI: U.S. and Pakistani leaders forecast a Sunday signing of a...
Anthropic suspends Fable 5, Mythos 5 AI models globally following US govt directive
Fable 5, released Tuesday, is a locked-down version of Mythos 5, a cutting-edge AI model that Anthropic has held back from the public amid concerns that it had unprecedented abilities to identify software vulnerabilites -- or holes in code that hackers could exploit....