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Calibrating commission caps key to widening insurance coverage: Report
Chhavi Singh, Associate Partner, Redseer Strategy Consultants, said, “As the IRDAI finalises the framework, comparing channels on their total cost of acquisition, supporting verified first-time buyers wherever they live, aligning renewal limits with servicing needs...
Chinese AI model carries out complex cyberattacks in controlled tests, researchers say
The findings underscore concerns that increasingly capable AI models lower the technical barriers to sophisticated cyberattacks. This is particularly the case with many Chinese AI models like GLM-5.3 that are open-weight, meaning they are available for users to...
Canada’s major banks limit functioning of AI Agents, Citing Risk
Several US banks have blocked or restricted unauthorized outside AI agents from accessing customer accounts or moving money. Earlier this month, Charles Schwab Corp. Chief Executive Officer Rick Wurster said his company is actively blocking unauthorized AI agents...
Finland launches criminal probe into violation of environmental rules by Google
Authorities have said Tuike Finland, a subsidiary of Alphabet’s Google, conducted forest clearing and drainage at a planned site near the town of Muhos before the environmental impact assessments required under Finnish law had been completed. Finnish police said on...
Barclays seeks insurance on more than $10B of AI funding
Banks frequently use credit risk insurance to hedge portfolios, alongside derivatives, outright loan sales and significant risk transfers. By sharing the risk of losses with insurers or investors, lenders free up regulatory capital that can then be used to bid for...
If permission given for 100% ethanol-run vehicles, how will supply be made: SC asks Govt
"Academically, we want to know if the permission is given to have 100 percent ethanol run vehicles, how will you make the supply," it asked. Responding to the court's query, Attorney General R Venkataramani said, "That will require large scale manufacturing...
India among top countries with highest heatwave exposure for infants, older adults: Report
When normalised by population size, older adults experienced on average 12.8 heatwave days per individual in 2025, while infants experienced on average 8.7 heatwave days per individual, according to the tenth indicator report of the Lancet Countdown on Health and...
MACT awards total compensation of Rs 1.3 cr to two men killed in 2022 road accident
Although the insurance company contested its liability by arguing that the offending vehicle lacked a valid permit at the time of the crash, the tribunal held that the insurer must satisfy the award first and then recover the amount from the vehicle owner. Mumbai:The...
Finance ministry sees FY27 growth at 7.3%, flags inflation risks
The report warned that an intensifying El Niño event could threaten soil moisture during the upcoming Rabi sowing season, while festive demand could add to inflationary pressures. New Delhi: India's inflation outlook faces continued risks from elevated crude oil...
Govt bars import of medicines with less than one year of remaining shelf life
National Pharmaceutical Pricing Authority (NPPA) has revised the Maximum Retail Price (MRP) of 543 brands of anti cancer medicines from Nov 9 New Delhi: After the National Pharmaceutical Pricing Authority (NPPA) revised the Maximum Retail Price (MRP) of 543 brands of...
Banks must compensate digital fraud victims for loss if due-diligence failure established: SC
"We emphasise that the regulatory measures proposed by the RBI must mandate financial institutions to indemnify victims of digital arrest or cyber fraud through suitable compensation, not less than the amount lost by the customer, where the fraud or crime is found to...
Ayushman Vay Vandana: 23.46 lakh authorised hospital admissions, treatment value at ₹5,669 crore in 2 yrs
Under the Ayushman Vay Vandana scheme,cataract surgery is the most frequently availed procedure, with 4.71 lakh treatments constituting approximately 20.1 per cent of all authorised treatments. Chronic haemodialysis ranks next, with approximately 2.90 lakh treatments,...
MS Amlin launches AI wordings tool ahead of January renewal season
Known internally as Wordy Bot, the tool analyses reinsurance contracts against MS Amlin’s underwriting standards, identifying missing clauses, wording differences and potential inconsistencies for review by its underwriters and Wordings team. London: MS Amlin, the...
Anthropic filing reveals concerns over data center pushback
Lionella Pezza, director of impact research at Domini Impact Investments, said Anthropic’s IPO filing is a reflection of just how important sustainability is for AI companies. At the same time, “there is not sufficient disclosure about the company’s environmental...
Climate change a growing health emergency, Lancet Countdown warns
The report's authors call for climate change to be formally recognized and addressed as a global health emergency, and for health considerations to be integrated across climate mitigation, adaptation and financing decisions. Priorities include accelerating reductions...
SBI Life Insurance net profit rises 11% to Rs 549 crore in Q2FY27
Amit Jhingran, MD & CEO of SBI Life SBI Life’s value of new business (VNB), which measures the expected profitability of policies sold during a period, grew 12% year-on-year to Rs 1,860 crore. Its VNB margin improved to 29.2% from 27.9% in the year-ago quarter,...
South Korea’s financial industry hit by a second wave of cyberattacks in a month
Organizations worldwide are also working to patch critical flaws in PHP, an open-source programming language widely used across the internet, amid disruptions that have prompted banks, airlines and governments to take websites offline. South Korea’s financial industry...
US tells ships to avoid unnecessary transits through Hormuz
“Due to the current geopolitical situation, vessels which do not need to transit the area are advised to remain well clear to avoid unnecessary delays to their voyage,” the US Naval Forces Central Command said in an advisory on Wednesday issued via the Joint Maritime...