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Hackers hit Bitcoin’s safest hiding place in ongoing attack
Hackers have found a software flaw in a brand of “cold” Bitcoin wallet — considered one of the safest places to store cryptocurrency — and are siphoning tens of millions of dollars in an ongoing attack. Hackers have found a software flaw in a brand of “cold” Bitcoin...
Wildfires fan record sales of Cat Bonds to backstop risk
Wildfire risk is now the fastest-growing category of natural-catastrophe peril globally, with insured losses rising roughly 12% a year, according to KatRisk, a risk modeling firm. At the same time, investors are getting more comfortable with the financial models being...
SC says catastrophically injured child loses childhood, dignity and future, enhances compensation
Recomputing the compensation under various heads, including future earnings, attendant charges, pain and suffering, loss of amenities and future prospects, the Supreme Court enhanced the compensation to Rs 83.38 lakh with interest at 9 per cent per annum from the date...
US FAA certifies Boeing 737 MAX 7 in win for planemaker
Boeing has faced a more stringent certification process since two fatal MAX 8 crashes in 2018 and 2019, as well as scrutiny of the company's production and quality systems after a January 2024 mid-air cabin panel blowout on a nearly new Alaska Airlines MAX 9. The U.S....
India sees post-Covid dip in highway fatalities as safety measures pay off
According to figures tabled in the Lok Sabha by the Ministry of Road Transport and Highways (MoRTH), deaths on national highways and centrally managed expressways dropped 4.1 per cent in the past year, sliding from 64,772 to 62,122. New Delhi: For the first time since...
Average cost of data breach in India hits record Rs 25 crore: IBM Report
"India's accelerating AI adoption is creating immense opportunities for innovation, but it is also enabling cyber threats to evolve rapidly. The findings underscore that organisations using AI and strong governance, were significantly better positioned to fend off...
Domestic investors overtake FIIs in Indian equities as DII ownership hits record high
Over the past 22 months, DIIs have invested a record $166 billion in Indian equities, more than offsetting cumulative foreign outflows of $58 billion during the same period. Mumbai: Backed by strong mutual fund inflows and sustained retail participation, DIIs have not...
100 pc FDI can make insurance more cheaper: Sanjeev Mantri
Sanjeev Mantri,MD&CEO, ICICI Lombard General Insurance said that the penetration will not suffer even if regulator Irdai changes the commission structures to the proposed persistency-based one rather than the long-standing one of payments to distributors over the...
Govt launches 2.5% OFS in LIC; floor price fixed at Rs 382 per share, may raise Rs 31,410 crore
"Offer for Sale in LIC opens tomorrow for Non-Retail investors. Retail investors can bid on Wednesday. Government offers to disinvest 2.5% equity with an additional 4% as a green shoe option. Floor price has been fixed as Rs 382 per share. This will help achieve MPS...
GI Council defends fever admission advisory, says it controls misuse by hospitals and inflating of premiums
Between 2019 and 2024, unnecessary hospital admissions have surged dramatically. Data shows Rs 94,247.6 crore in total health claims settled in 2024–25, with cashless-only admissions accounting for 66.4 per cent of the volume.The insurance industry receives hundreds...
No plan to monetise subsidiaries, focus on enhancing their value: PNB MD
He said all subsidiaries also are well capitalised whether the PNB MetLife India Insurance, PNB Housing Finance or PNB Gilts. NEW DELHI: With its capital adequacy ratio exceeding 18 per cent, Punjab National Bank has no immediate plans to monetise its subsidiaries,...
India forecasts below-average August monsoon rainfall
Mrutyunjay Mohapatra, director-genera,India Meteorological Department, Moderate El Nino conditions are prevailing and are expected to strengthen gradually, with the weather pattern likely to become strong by September MUMBAI: India is likely to receive below-average...
FSSAI acts against liquor makers over flavour, labelling violations
The Ministry said laboratory testing of rum and whisky samples from multiple manufacturers found the presence of external artificial or nature-identical flavours. It quoted laboratory findings as saying that "the addition of artificial flavours is masking its natural...
Ebola outbreak in DR Congo spiralling out of control: WHO
The continued increase in cases, expanding geographic spread, and persistently high mortality underscore the rapidly evolving nature of this public health emergency. The World Health Organisation (WHO) has warned that the Ebola outbreak in the Democratic Republic of...
India records over 265 million cyberattack attempts: Report
It noted that the Indian Computer Emergency Response Team (CERT-In) recorded more than 29.44 lakh cybersecurity incidents in 2025. India's rapidly expanding digital ecosystem is facing an increasingly sophisticated wave of cyber threats, with more than 265 million...
India’s passenger vehicle market logs robust July sales at nearly 4.7 lakh units
Overall, passenger vehicle industry witnessed robust growth in July as leading automakers posted strong year-on-year sales, led by sustained demand for SUVs, a sharp rise in electric vehicle sales and healthy export momentum. New Delhi:Buoyed by tax relief and GST...
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Drone strike in Egypt sparks security concerns about Suez oil exports
"The passage through the Red Sea, even via the longer Mediterranean route, could be put at risk, which threatens up to five million barrels per day of oil supply that can currently bypass the Strait of Hormuz," said Saul Kavonic, head of energy research at advisory...