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Big Plans: Howden charts course for IPO with multi-billion-dollar valuation
David Howden,Chief Executive Officer, Howden Like many sectors, insurance endured a sharp selloff after the debut of a ChatGPT enabled application that in this case enabled customers to compare insurance rates.While master of his own destiny when it comes to the...
Government warns against fake emails asking users to download e-PAN cards
The image shared along with the post showed an email carrying the subject line "Download e-PAN Card Online: A step-by-step guide", with a large "FAKE" stamp superimposed on it. The email claimed to provide instructions for downloading an e-PAN card and described the...
US issues worldwide travel caution amid rising West Asia tensions, warns Americans of potential security threats
The development comes as tensions between Iran and the United States escalated after the collapse of the 14-point MoU, signed last month, aimed at ending the hostilities between the two sides and opening the pathway for further negotiations, particularly on Iran's...
NGT issues slew of directives to Himachal Pradesh on gaps in waste management
The bench said the “state’s compliance obligations are to be understood not merely as administrative targets, but as constitutional imperatives of the highest order". New Delhi/Shimla:The National Green Tribunal has expressed dissatisfaction over the gaps in solid and...
Protecting environment a constitutional obligation, shared moral responsibility: CJI
Surya Kant,Chief Justice of India Referring to Articles 21, 48A and 51A(g) of the Constitution, the Chief Justice said safeguarding the environment is a shared responsibility and essential for ensuring a cleaner, greener and more sustainable future for coming...
Iran declares interim deal with U.S. on hold as conflict deepens
The US has violated its commitments under the deal that was signed about a month ago and now Iran is "no longer implementing them," Kazem Gharibabadi, Iran's deputy foreign minister, told state TV. The United States and Iran exchanged strikes aimed at infrastructure...
US moves to set guardrails for autonomous vehicle behavior
The goal is to craft objective safety standards “so that a manufacturer who is producing the vehicle can know with certainty whether or not the vehicle meets the requirements,” Morrison said. The Trump administration is working to develop new safety requirements...
White House launches AI clearinghouse to strengthen cybersecurity
It will allow for the exchange of information about potential vulnerabilities and is a product of the AI executive order President Donald Trump issued last month. The administration is working with the Software Engineering Institute at Carnegie Mellon University to...
SEBI warns listed firms, regulated entities against ‘Boss Scam’ involving CEO, MD impersonation
According to SEBI, fraudsters are targeting CEOs and other senior officials through email, WhatsApp and other social media platforms. They then communicate with finance officials or other employees by impersonating these senior executives and direct them to transfer...
Govt making all efforts for early release of AI-171 crash report: Naidu
"The investigation is currently ongoing. We are making every effort to complete investigation and get the final report as soon as possible. But we must be mindful that rushing the process could lead us away from the truth," Naidu told reporters when asked about the...
SC takes suo motu cognisance of matter regarding access to life-saving medicines
The matter relates to a woman in Kerala, who was suffering from breast cancer and had moved the state high court challenging the exorbitant prices of medicine for treatment. She died during the pendency of the plea in the high court. New Delhi: The Supreme Court on...
China:Pushing For Real-World Training for Next-Generation Humanoid Robots
A divergence has emerged between Chinese and American firms developing embodied intelligence. In China, models are increasingly trained using data generated by humanoids in the environments in which they will be operated.In contrast, US firms are buying data and...
World faces energy security risks if Hormuz fails to reopen soon: IEA
"It is mainly Asia, because Asia was getting 80 to 90% of this energy from the Strait of Hormuz," he said. Japan and South Korea have suffered, but developing countries including Pakistan, Bangladesh and India have been hit hardest, he said. WASHINGTON: If the...
Allianz Jio Re writes Rs266 crore of prm in maiden qtr, AGCS India to shift its business to JV
``We assure clients of uninterrupted service, continuity of coverage and consistent relationship management, as the existing facultative reinsurance portfolio from Allianz Commercial / Allianz Global Corporate & Specialty (AGCS) will be transitioned to Allianz Jio...
ICICI Lombard loses over $980 million in value on persistent earnings worries
A recent Indian Supreme Court ruling on motor accident compensation, coupled with pricing pressures, has raised the risk of further provisioning and earnings downgrades, analysts said. Mumbai:Shares of ICICI Lombard General Insurance logged their steepest fall in six...
After Hormuz, Iran turns Red Sea into new strategic pressure point
A senior Yemeni official warned on Monday that the country’s armed forces were prepared to close the Bab el-Mandeb Strait – a move he said could send oil prices soaring to $200 a barrel – if Saudi Arabia continued to attack Yemen, according to a report on Iran’s Press...
UK unveils rules to establish Captive Insurance regime
The Bank of England and the Financial Conduct Authority laid out plans for a captive insurance regime, according to a statement Tuesday. Captive insurers are entities set up by companies or public institutions that provide their own cover. The UK has proposed rules to...
China braces for unusually active Typhoon season after Bavi
In its latest midsummer outlook, the National Climate Centre forecast that as many as six tropical cyclones would hit China this summer, a higher number than average. These storms “are expected to be strong overall” and to affect mainly coastal areas of southern and...