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Willis urges smarter data centre insurance buying as capacity demand nears $15billion
"Buying more insurance is not always the same as being better protected. When risks are properly modelled, understood and mitigated, clients can build more efficient, resilient insurance programs that reflect their actual exposures. This is especially important where...
Fitch warns AI market correction emerging as major global credit risk
“The extent to which capital markets and economies have become intertwined with AI have created a vulnerability for credit,” Fitch said. The AI boom and the risk of a correction are emerging as major global credit risks, ratings agency Fitch has warned, adding to...
IRDAI grants license to ProTec General Insurance, approves key reforms
To further strengthen policyholder protection, the IRDAI has also approved amendments to the regulations governing insurance intermediaries.A key reform is the mandatory tagging of the authorised sales person to every insurance proposal, policy and certificate of...
India’s growth momentum remains strong despite global challenges: FinMin report
The report observed that India will need to continuously adapt to evolving global challenges, with domestic reforms and prudent macroeconomic management to stay on the high growth path and sustain investor confidence. New Delhi: India's growth momentum remains on a...
Google India’s nodal officer booked over ‘fake’ app on Play Store
The victim stated that fraudsters contacted him through a social media platform in July and the administrators "advised" him to invest through the trading app after opening an account. Hyderabad:A case was registered against Google India's nodal officer in Hyderabad...
Star Health Insurance Q1 profit rises 25 pc to Rs 550 cr
The insurer's underwriting profit surged to Rs 111 crore from Rs 16 crore in the corresponding quarter last year.Combined ratio of the insurer improved from 98.7 per cent in Q1FY26 to 97 per cent in Q1 FY 27. Chennai:Star Health and Allied Insurance Company, the...
PM FB row: Meta writes to govt, outlines rigorous safeguards for posts by prominent accounts
Meta officials, it is learnt, had attributed the error to AI-powered automated content filters that were reviewing shared posts and subsequent content that circulated following the original post by the prime minister. New Delhi: Meta has written to the government...
Rail accidents fall nearly 90 pc in a decade as govt improves safety measures:Govt
Ashwini Vaishnaw, Union Minister for Railways Ultrasonic Flaw Detection (USFD) testing of rails to detect flaws and timely removal of defective rails, along with laying of longer rails, minimising the use of Alumino Thermic Welding and adoption of better welding...
Investigators find no fault in Air India fuel control switch, Examining thrust control module:Govt
While the fuel control switch has been cleared of any defect so far, the examination of the complete thrust control module is still underway, with investigators awaiting the outcome of the ongoing inspection. New Delhi: Investigators have found no abnormality in the...
LIC hands over Rs 12,207 cr dividend to Sitharaman
Union Minister of Finance and Corporate Affairs Nirmala Sitharaman(centre) receiving a dividend cheque from the senior management of Life Insurance Corporation LIC is completing 70 years since its incorporation and as at 31.03.2026 has an asset base of ₹ 59.03 Lakh...
Andhra Pradesh joins PMMSY’s Group Accidental Insurance Scheme
During the current financial year 2026-27, proposal for coverage of 2,84,888 fishers have been received. Besides, the claim filing and settlement process under GAIS is governed by the policy terms and conditions. New Delhi:The Department of Fisheries, Ministry of...
Red Sea shipping slows as security threats, insurance curbs reshape vessel routes: S&P Global
S&P Global said daily traffic through the Bab el-Mandeb remained subdued, recording 32 vessel transits on July 26 after 26 on July 25 and 36 on July 24. The decline coincided with reports that several major insurers had suspended war-risk cargo cover for...
LIC appoints Shatmanyu Shrivastava as CFO, Varadarajan Muthuvenkataraman as Chief Risk Officer
The appointments were approved by LIC's Board of Directors at its meeting held on Tuesday on the recommendation of the Nomination & Remuneration Committee New Delhi: Life Insurance Corporation of India (LIC) has appointed Shatmanyu Shrivastava as its chief...
Tankers divert to Egypt as Houthi threat disrupts Red Sea
Over the past week, only Chinese ships and vessels owned by countries friendly with Iran have continued to transit Bab el Mandeb, while western tankers and more risk-averse Asian shippers have opted for the costlier and longer route via the Suez Canal. Empty...
Iran proposes temporary Hormuz plan giving itself greater control over transit lines
Deputy Foreign Minister Kazem Gharibabadi said Tehran rejected an Omani proposal for an equal division of transit routes between the two countries, saying such a plan did not address Tehran's security concerns until long-term regional stability is achieved. DUBAI:...
Google rivals line up seeking damages after record $1 billion EU fine
The damages claims come as Google’s AI spending spree has left it burning cash, with Alphabet’s free cash flow negative in the second quarter for the first time as a public company. Tech and chip stocks are under pressure as investors question lofty valuations amid...
Major quake hits southern Japan, workers missing after mall blast
“We have already been informed that people have been injured. Power outages and fires have occurred in some areas, and there has also been damage to roads and bridges and the collapse of buildings,” Japanese Prime Minister Sanae Takaichi said. A 7.1-magnitude...
AI finding twice as many cyber flaws in 2026 as it did in 2025
The surge in discovered vulnerabilities lends credence to the warnings governments and security firms have been issuing about the threat posed by hackers armed with powerful, new AI models. The number of software security flaws discovered in popular technology...