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SBI Life Insurance reports a 71% rise in net profit at Rs 551 crore for Q3FY25
SBI Life's expense of management increased during the quarter to Rs 2,417 crore as compared to Rs 2,188 crore in the third quarter of the previous fiscal Mumbai: SBI Life Insurance on Friday reported a 71 per cent rise in net profit at Rs 551 crore for the third...
SC reconstitutes Gender Sensitisation and Internal Complaints Committee
The GSICC is tasked with addressing issues related to gender sensitivity within the judiciary. Its functions include the evaluation of complaints and the implementation of policies designed to ensure a safe and respectful working environment for all court employees,...
SC stays order asking Delhi govt to sign MoU over Centre’s health scheme
In its order passed on December 24 last year, the high court referred to the minutes of the meeting held in December 2024 and noted the PM-ABHIM would have to be implemented in its entirety to ensure Delhi residents were not deprived of the funds and facilities under...
Maharashtra to set up Innovation City on lines of GIFT City: CM Fadnavis
Chief Minister Devendra Fadnavis said this initiative would create a hub for technology and innovation, providing fertile ground for start-ups, particularly in emerging areas such as artificial intelligence (AI). Mumbai: Chief Minister Devendra Fadnavis on Thursday...
CoreLogic estimates California wildfire insured losses at $35 to $45 billion
This analysis of both residential and commercial properties accounts for both fire and smoke damage as well as demand surge, debris removal, clean up and Additional Living Expenses (ALE). The majority of losses are to residential properties. Many of the potentially...
Family of former Leicester owner files $2.6 billion fatal accident claim after helicopter crash
“My father trusted Leonardo when he bought that helicopter but the conclusions of the report into his death show that his trust was fatally misplaced,” said Aiyawatt, who succeed Vichai as chairman of Leicester. “I hold them wholly responsible for his death.” The...
Country can’t afford to take cyber security resources from even friendly country: IT Secretary
"There is a crucial story, especially in something like cyber security. The crucial story is that you have to have an independent resource within the country. You can't afford not to have it. This is not something where you can actually take it from other countries....
Make faulty road construction non-bailable offence: Gadkari
According to the minister, the ministry data of road accidents in 2023 shows five lakh mishaps in the country resulting in 1,72,000 deaths. "Of this, 66.4 per cent, or 1,14,000, were in the 18-45 years age bracket while 10,000 deaths were of children," Union Road...
AM Best maintains stable outlook on India’s non-life insurance segment
“We expect that India’s non-life premium growth will be bolstered over the medium term by the country’s economic development, rising insurance demand, and regulatory initiatives which are designed to increase insurance penetration and promote financial inclusion,”...
Wish to bring as many Indians into market ecosystem to help in wealth creation: Buch
"'… a system that is efficient but is exclusive does not serve the nation. We wish for our market ecosystem to be inclusive and to bring as many citizens of the country into the fold and into the opportunity of wealth creation for our nation," Sebi chairperson Madhabi...
Apple, Amazon fight off $600 million UK lawsuit over alleged ‘collusion’
The lawsuit was brought by consumer law academic Christine Riefa on behalf of around 36 million British consumers who had bought Apple or Beats products LONDON: Apple and Amazon have successfully fought off a mass lawsuit in Britain over alleged collusion between the...
India evaluating impact of proposed US restriction on AI chip export: Sources
The proposal has no restriction for 18 key allies of the US, which have been clubbed under Group 1, but there are restrictions on the quantity that can be exported to other countries under Group 2, including India New Delhi: India is evaluating the impact of the US...
90k salaried individuals withdraw wrongful tax deductions: Rs 1,070 cr
During investigation, it was revealed that such individuals are employees of organisations operating in diverse fields including PSUs, big corporations, MNCs, LLPs, Private Ltd Companies, etc, sources said. Also, most of them who claimed wrongful deductions were...
Women in Goa stride towards empowerment with ‘Bima Sakhi’ scheme
Pramod Sawant, Chief Minister, Goa The Bima Sakhi Yojana was launched by Prime Minister Narendra Modi in December 2024, while the Pramod Sawant-led Goa government launched this initiative in association with Life Insurance Corporation (LIC) last week Panaji: The...
Electric Vehicles: Indian Automakers plan to launch dozen of new models
While EV sales growth in India is also slowing, rising 20 per cent in 2024 from a year ago to about 100,000 units, it outpaced the overall car market growth of 5 per cent over the same period Automakers operating in India plan to launch close to a dozen new electric...
Form panel to consider phasing out petrol, diesel vehicles: HC to Maha govt
A division bench of Chief Justice D K Upadhyaya and Justice Girish Kulkarni directed the government to form a committee of experts and civil administrators within a fortnight to consider whether it will be feasible to phase out diesel- and petrol-based vehicles from...
AI agents can create leverage for threat actors in scaling widespread cyber attacks, CyberCube report
A more advanced and concerning development is emerging: AI agents that operate autonomously to scale cyber attacks with unprecedented speed and efficiency. While AI has obvious applications in defensive cybersecurity, we believe that in the near term, threat actors...
Internet users to surpass 900 million in India this year, AI a gamer changer
"The widespread acceptance and enthusiasm surrounding AI should encourage digital companies to introduce more next-generation AI features in India," Biswapriya Bhattacharya, Director, B2B and Technology, Kantar Insights–South Asia, said New Delhi: Driven by the...