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STT, Tata Delhi data centre fire leaves clients fearing decades of data lost; Google hit
The blaze at the STT Global Data Centres India facility, owned by Singapore's ST Telemedia and India's Tata Communications , caused "extensive damage" to parts of the site, making data recovery difficult, a Tata Communications unit said in a letter to a client NEW...
RBI proposes guidelines for banks to manage AI risks
Banks should establish human oversight for AI models used in automated decision-making, the draft guidelines said.For generative AI models that interface with customers or external users, additional cybersecurity controls should be implemented. MUMBAI: India's...
IRDAI launches Rs 800 cr Policyholders’ Education and Protection Fund, set to widen policyholder services
The consequences of this lack of awareness are significant. At the beginning of FY2025, insurers were holding more than ₹9,305 crore in unclaimed amounts, including maturity proceeds, death claims and surrender values. In a move aimed at enhancing policyholder...
Howden Re makes 3 sr appointments for China market
This is the latest in a series of senior hires reinforcing Howden Re’s commitment to Hong Kong and China as a strategic focus for Howden Re as it continues to build specialist capabilities across the Asia-Pacific region. London: Howden Re, the global reinsurance,...
Tesla faces lawsuit after car using driver-assistance software crashes into home, killing woman
The electric-vehicle maker’s automated technology failed to detect the end of the roadway and stop before slamming into a brick house, according to the lawsuit filed Tuesday in Texas state court. The complaint also includes a claim of deceptive marketing against the...
Allianz warns of significant marine claims from Iran conflict
“Clearly, loss of life and property damage – in terms of both vessels and their cargo – are the main causes to date,” said Regis Broudin, global head of marine claims at Allianz Commercial. The insurance industry is set to face significant claims for ships that were...
UK based re/insurance broker BMS sets up Global Capability Centre in Mumbai
Nick Cook, Group CEO, said: “The opening of our GCC in Mumbai is more than an operational milestone. It is a platform for building the data and AI capability that will help BMS serve clients better and compete more effectively. India has extraordinary professional...
Warming Pacific fuels fears of powerful El Niño event
El Niño is a naturally occurring climate phenomenon that can cause drenching rains in one part of the world and drought in another. Scientists identify it by looking at deviations in temperature levels in the Pacific Ocean, most commonly in a region known as Niño 3.4....
46 drug samples manufactured by various firms to be “not of standard quality
Identification of drug samples as NSQ is done based on failure of the drug sample in one or the other specified quality parameters. The failure is specific to the drug products of the batch tested by the government laboratory and it does not warrant any concerns on...
Bajaj Auto says ransomware attack hits systems
India's Bajaj Auto on Tuesday said a ransomware attack earlier in the day impacted the automaker and its unit Bajaj Auto Technology's systems.The company said it initiated necessary precautionary actions and protocols to mitigate the impact of the...
Govt prepares contingency plans for 315 districts as monsoon falters
The India Meteorological Department defines average, or normal, rainfall as between 96% and 104% of a 50-year average of 87 cm (35 inches) for the June-September monsoon season. The state-run weather office last month forecast an El Nino-weakened monsoon in 2026...
India achieves landmark milestone of 5 lakh organ donation pledges
Facilitating this endeavour, the Aadhaar-based organ donation pledge registration portal, notto.abdm.gov.in, has significantly streamlined the registration process by making it more accessible, secure and transparent. The platform has enabled citizens across the...
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Beyond Brexit: Britain’s financial sector charts a new course
“I did believe the City would have another life after Brexit, but I didn’t know it would be so quick and so strong,” said Soren Jessen, whose 1 Lombard Street restaurant faces the Bank of England. Sales are better than ever, he said. London:In the buildup to 2016’s...
Hormuz tanker transits recover after security jitters
There could be more ships plying the strait with their transponders switched off, plus outages reported with AIS ship tracking data, shipping sources said. AIS is the tracking system which traders follow to get information on ship movements. Oil and liquefied natural...
Hormuz transit security is ‘Hour to Hour’ play, Chubb CEO says
“Mines are the greatest uncertainty” in the strait, Greenberg said, as US and Iranian negotiators held talks in Switzerland on a permanent ceasefire and to lock in free passage through the waterway.We’re talking more about a war-zone environment. Only a narrow channel...
Optimism after first talks as US waives Iran sanctions and Lebanon fighting abates
Iran and the US have set up a communication line to “avoid incidents and miscommunication” related to maritime traffic through the Strait of Hormuz, where shipping volumes have picked up in recent days, even if they’re still far off pre-war levels. BUERGENSTOCK,...
Tata Electronics hit by cyber breach, Apple, Tesla trade secrets exposed
"A few weeks ago, Tata Electronics identified a cybersecurity incident on some of our systems. Our response protocols were deployed immediately, and the incident has had no impact on our operations across businesses, which remain unaffected," Tata Electronics told...