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Centre issues advisory on air pollution
Air quality has worsened in several cities, including Mumbai, Delhi, and regions in northern India, reaching severe levels. The deteriorating air quality has raised concerns over various health risks. The advisory also highlights the heightened risk of air pollution...
Meta fined €798 million by EU over abusing classified ads dominance
“Meta tied its online classified ads service Facebook Marketplace to its personal social network Facebook and imposed unfair trading conditions on other online classified ads service providers,” EU antitrust chief, Margrethe Vestager, said. “It did so to benefit its...
CCI restricts WhatsApp sharing data with other Meta entities, imposes $25.4 mln fine
"Sharing of user data collected on WhatsApp with other Meta companies… for purposes other than for providing WhatsApp service shall not be made a condition for users to access WhatsApp Service in India," the CCI said After the CCI’s decision, a Meta spokesperson...
GST Council to meet in Jaisalmer on December 21; may discuss insurance levy
The group of ministers (GoM) on health and life insurance GST last month met and broadly agreed on exempting insurance premiums paid for term life insurance policies, and senior citizens' health insurance from GST New Delhi: The GST Council will meet on December 21 in...
Cyber Insurance: Largest potential lies in the SME opportunity, says Swiss Re
Dani Tobler.Head Cyber Reinsurance at Swiss Re "North America dominates with 70% premium share followed by Europe (19%) and APAC (8%) according to Swiss Re data. This not only illustrates the varying cyber market maturity levels around the globe but also underpins the...
Strengthen framework to curb unethical practices RBI Guv to bank boards
"While such practices may yield short-term gains, they ultimately expose the bank to significant long-term risks, including reputational damage, supervisory scrutiny, and financial penalties,” RBI Governor Shaktikanta Das said in a keynote address at the Conference of...
8th Bima Manthan: IRDAI and Insurers brainstorm implementation of IFRS and Cyber security measures
In an era where digital transformation is reshaping industries, cybersecurity has emerged as a paramount concern, with an alarming rise in cyber threats. There was dialogue on urgency of strengthening Information Systems (IS) security, which emerged as a critical...
Delhi HC dismisses PIL seeking policy documents for PMJJBY policyholders
The bench, led by Chief Justice Manmohan and Justice Tushar Rao Gedela, rejected the plea, noting that claims of two-thirds of policyholders missing out on benefits were based on assumptions, not factual data. The judges also cautioned that the petition could result...
Foxconn tells India recruiters to nix marital status in iPhone job ads
One new Foxconn template ad reviewed by Reuters described smartphone assembly positions but made no mention of Foxconn, nor age, gender or marital criteria. It listed benefits: "Air conditioned workplace, free transport, canteen facility, free hostel" and a monthly...
Do not relax anti-pollution GRAP-4 curbs in Delhi without court’s nod: SC
A bench of Justices Abhay S Oka and Augustine George Masih pointed out that there was a delay in implementation of preventive measures under stage 4 of the Graded Response Action Plan (GRAP) even after the Air Quality Index (AQI) touched alarming levels in the...
End the secrecy: Insurers call on the EU to regulate private Third-Party Litigation Funding
Currently, the practice whereby private investors who are not party to the legal dispute, finance legal proceedings in exchange for a share of any financial award, is not properly regulated at European level Brussels: Insurance Europe, together with ten other...
DFC provides $50 million in new political risk insurance to expand War Insurance for Ukraine business
The facility will create a portfolio of war risk insurance policies for companies operating in Ukraine, support ARX in expanding its war risk insurance offering in Ukraine, and unlock more than $200 million in new coverage for static assets in Ukraine WARSAW: The U.S....
India clocks 12 pc rise in deal volume in Jan-Oct, China sees 23 pc decline
A total of 11,808 deals (mergers and acquisitions, private equity and venture financing deals) were announced in the Asia-Pacific (APAC) region during January to October 2024, which was a year-on-year (YoY) decline of 4.8 per cent, compared to the 12,406 deals...
Lloyd’s revamps its data, operations and change departments, opts for outsourcing
Lloyd’s oversees a market of nearly 50,000 underwriters and brokers in London. It is in the process of upgrading its technology, moving away from being a totally face-to-face market, where brokers and underwriters meet on the trading floor of its tower in the City of...
Sitharaman responds to X user seeking relief for middle class
"PM @narendramodi's government is a responsive government. Listens and attends to people's voices. Thanks once again for your understanding. Your input is valuable," Sitharaman replied to the user on X New Delhi: Finance Minister Nirmala Sitharaman on Sunday responded...
Centre to hold national workshop on effective redressal of public grievances
Jitendra Singh,Minister of State (Independent Charge) for Personnel, Public Grievances and Pensions Department of Administrative Reforms and Public Grievances will highlight use of artificial intelligence (AI) and data analytics in Centralised Public Grievance Redress...
AHPI launches hospital security manual SOPs for stroke management
Dr Girdhar Gyani, Director General of AHPI, emphasised the critical importance of consistent and rigorous safety and security protocols in healthcare settings to protect patients, healthcare personnel and all those visiting the hospitals New Delhi: The Association of...
India to shift to ‘smartphone era’ for cars embracing 5G, advanced AI in 2025: Report
Most cars priced at Rs 20 lakh and above will feature these technologies as standard. The cumulative revenues from automotive chipset companies have already surpassed USD 1.5 billion, with companies like Qualcomm and MediaTek leading the market India is set to enter a...