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Meta reaches $16.68 billion settlement over social media harms to children
The settlement resolves claims brought by 29 U.S. states, and will end a federal trial that had been one of the highest-profile tests yet of allegations that social media companies harmed young users. Meta will impose daily usage limits and restrict nighttime usage by...
MS Amlin expands cyber portfolio with senior underwriting hires
“As market conditions evolve, we are focused on broadening out parts of our existing portfolio where we see the potential for further growth. Cyber is one of those areas, and we believe there is a clear opportunity to build a larger and more meaningful position in the...
SSB alerts India-Nepal border formations after flash flood in Nepal, 11 rescue teams
The flash floods in Nepal have caused significant damage in bordering areas, including the loss of at least eight lives. Local reports indicated that several people are missing after floodwaters surged through Nepal’s Nuwakot and Dhading districts, with the Bhote...
Sudden flood sweeps through northern Nepal, Nearly 100 killed, over 750 missing
Nepal Foreign Minister Shisir Khanal told the parliament that an earthquake hit the Tibet region at 8:37 am (local time) and the flash floods were reported three minutes later, suggesting the tremors may have caused a glacial outburst which triggered the floods. The...
Some oil companies to avoid ships on Iran blacklist
Some of the tankers Iran listed are owned or chartered by Saudi Aramco and Abu Dhabi National Oil Co (ADNOC). The ships have been used for shuttling crude, refined products and liquefied natural gas (LNG) out of the Gulf for STS transfer off Fujairah in the UAE or...
Chinese hackers ramping up attacks after integrating DeepSeek
DeepSeek is the AI of choice for Chinese hackers because it’s relatively powerful with very low cyber guardrails,” said Charles Li, chief analyst at TeamT5. “Western models are highly sought-after but their guardrails are much more strict and require a lot more effort...
Japan’s Tokio Marine eyes insurer Suncorp as preferred takeover target, FT reports
Tokio Marine reviewed several takeover targets over the past months, including Insurance Australia Group (IAG) and Suncorp, as well as Canada’s Intact Financial Corp., the report said. Japanese insurer Tokio Marine has identified Australian insurer Suncorp as a...
62% of Indian businesses report rise in fraud attacks: Report
Authorised Push Payment (APP) fraud was identified as the most difficult type to detect and prevent, with 58 per cent of organisations finding it challenging to manage. Identity theft was challenging for 54 per cent, while money mule activity stood at 53 per cent....
‘Conflicts choking global trade arteries…’: UN Secretary General calls for protection of global shipping, restoration of navigational freedoms
In a post on X, United Nations Secretary-General Antonio Guterres said, "Conflicts in different regions are choking arteries of global trade & squeezing the global food system. Navigational rights & freedoms are vital for international peace & security...
SC asks Centre to consider devising safeguards to ensure no misuse of EPFO, ITR data
A bench comprising Chief Justice Surya Kant and justices Joymalya Bagchi and V Mohana, on Monday, expressed concern over the emergence of a commercial technology ecosystem allegedly accessing, retrieving and verifying sensitive personal information contained in...
Breaching EoM: IRDAI restricts Edelweiss Life and Pramerica Life from opening any new branches for next 6 months
IRDAI is committed to ensuring that insurers operate within the regulatory guardrails governing their expenses, thereby promoting sound financial management, transparency and accountability across the insurance sector. It will continue to take appropriate supervisory...
Centre proposes complete ban on Carbosulfan insecticide over health, environmental risks
Citing concerns over its toxicity and risks to human health and the environment, the Ministry proposed a draft order for a complete ban on the insecticide, including the prohibition on the import, manufacture, sale, transport, distribution and use of Carbosulfan from...
Govt mulls drug tests for all commercial pilots
K Rammohan Naidu,Civil Aviation Minister The issue of possible substance use by pilots has come to the spotlight after an Air India captain of Phuket-Delhi flight involved in a sudden altitude loss incident was tested positive for marijuana. Currently, drug tests for...
India’s Junk Food Label Battle: Big food fights back
``The threat that warning labels pose to profits means the industry is incentivized "to hold out for as long as possible, not informing the Indian public about the healthiness of the foods that they're selling.Lobbying by interest groups has "almost paralyzed"...
India faces weakest monsoon in nearly two decades as El Nino strengthens
A climate pattern marked by unusually warm sea surface temperatures in the central and eastern equatorial Pacific, El Nino disrupts global weather patterns and can bring drier conditions to parts of Southeast Asia and other regions. MUMBAI: India is on course for...
US warns of expanded sanctions against Iran and its partners – as it happened
US President Donald Trump has vowed to hit Iran hard economically and Tehran has threatened to shut down all oil exports from the Gulf 'if the economic war continues'. Washington:The US announced a new economic sanctions plan targeting Iran and its trade partners....
SEBI launches Cyber Suraksha Portal for cyber alerts, vulnerability warning
"Through this portal, market participants can directly access the latest cybersecurity circulars, vulnerability warnings and incident insights," SEBI said Mumbai: The Securities and Exchange Board of India (SEBI) on Monday launched the Cyber Suraksha Portal, a...
SEBI drops fraud allegations against Max Financial, Axis Bank in Rs 3,912-crore case
The scrutiny originated with the Insurance Regulatory and Development Authority of India (IRDAI). In November 2022, IRDAI informed SEBI that MFSL and Axis Bank had entered into a series of buy-and-sell transactions involving unlisted equity shares of Max Life. IRDAI...