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V Jagannathan’s new health insurance venture `Galaxy Health’ receives IRDAI nod
V. Jagannathan Galaxy Health and Allied Insurance Company is a joint venture between V Jagannathan's family, who had earlier the founded Star Health Company and TVS group. Former Star Health CEO Dr S Prakash has also joined the new venture as a CEO. Hyderabad: Galaxy...
UN adopts first global artificial intelligence resolution
The resolution is the latest in a series of initiatives - few of which carry teeth - by governments around the world to shape AI's development, amid fears it could be used to disrupt democratic processes, turbocharge fraud or lead to dramatic job losses, among other...
Apple, Meta, Google set to face EU Digital Markets Act probes, sources say
Digital Markets Act breaches could cost the companies as much as 10% of their global annual turnover. The landmark EU tech rule requires the companies to give users and rivals more choices to ensure a level playing field Apple, Meta Platforms and Alphabet's Google are...
US sues Apple, alleging it illegally monopolized the smartphone market
The Justice Department said Apple charges as much as $1,599 for an iPhone and makes larger profits than any others in the industry. Officials also said that Apple charges various business partners — from software developers to credit card companies and even its rivals...
Hackers carrying out disruptive attacks on water systems: US
In a letter released Tuesday, National Security Advisor Jake Sullivan and Environmental Protection Agency Administrator Michael Regan warned that “disabling cyberattacks are striking water and wastewater systems throughout the United States.” The letter singled out...
Girija S selected as CMD of New India, BS Rahul for UII
Girija Subramanian, CMD,Agriculture Insurance Company This is also for the first time that a serving CMD of a PSU entity again participated in the selection exercise meant to choose a CMD of another PSU insurer New Delhi: The Financial Services Institutions...
India’s fertility rate down from 6.2 to under 2 since 1950, will fall to 1.3 in 2050: Lancet study
Poonam Muttreja, Executive Director of Population Foundation of India (PFI), a non-profit organisation promoting gender sensitive population and health policymaking, said the findings have "profound implications" for India and includes challenges such as an aging...
India stares at summer water crisis as reservoir levels slide
In other industrial states such as Maharashtra, Andhra Pradesh and agricultural states Uttar Pradesh and Punjab levels are below their 10-year averages. Longer term, there is a risk of water wars if governments do not act now, said Sandeep Anirudhan, convener of the...
India’s Reliance refusing Sovcomflot oil shipments after sanctions, sources say
India's crude imports from Russian may decline as the number of vessels would be reduced and that could jack up freight costs India's Reliance Industries, operator of the world's biggest refining complex, will not buy Russian oil loaded on tankers operated by shipper...
UN climate report: Doctors warn of rise in heat-related health risks
Climate change poses significant health risks, particularly in the realm of respiratory health. Climate change exacerbates air pollution, which worsens conditions of people who already have respiratory ailments like asthma, pneumonia, lung cancer, etc,” Dr Vikas...
SC stays Centre’s notification setting up PIB’s Fact Check Unit
"We are of the view that notification dated March 20, 2024, after rejection of application of interim relief, needs to be stayed. The challenge to the validity of 3(1)(b)(5) involves serious constitutional question and the impact of the rule on free speech and...
PB Fintech to set up payment aggregator subsidiary
The subsidiary called ‘PB Pay Private Limited’ would carry on the business of payment aggregator’ domestic and/or cross border or both, as may be permitted by the Reserve Bank of India, by facilitating merchants with offline and/or digital payment acceptance...
GIC Re provides CSR funds for key rural development project in Maharashtra
L to R- N Ramaswamy, CMD, GIC Re, Praveen Pardeshi, CEO,Maharashtra Institution for Transformation (MITRA),Eknath Shindhe, Chief Minister, Maharashtra and Ajit Pawar, Dy Chief minister, Maharashtra, at an occasion in Mumbai to hand over GIC Re's cheque of over Rs...
LIC terminates services of its employee in front-running trades case
Sebi on Tuesday confirmed a securities market ban on five entities, including an employee of Life Insurance Corporation of India (LIC), in a case pertaining to front-running trades of the state-owned insurer Mumbai: Life Insurance Corporation (LIC) on Wednesday said...
Meta to operationalise Elections Centre; to curb misinformation, misuse of AI-made content
The social media giant said the India-specific Elections Operations Centre will bring together experts from across the company from intelligence, data science, engineering, research, operations, content policy and legal teams, to identify and mitigate threats in...
French competition watchdog hits Google with 250 mln euro fine
The watchdog said Google's AI-powered chatbot Bard - since rebranded under the name Gemini - was trained on content from publishers and news agencies, without notifying them. Google has pledged not to contest the facts as part of settlement proceedings, the watchdog...
Records smashed – new WMO climate report confirms 2023 hottest so far
Celeste Saulo (centre), Secretary-General of the World Meteorological Organization (WMO) at the launch of the State of the Global Climate 2023 report on Tuesday From 2021 to 2022, global climate-related finance flows nearly doubled compared to 2019-2020 levels,...
Amitabha Ray to succeed Hadi as CEO of Swiss Re’s India Branch
Ray succeeds Hadi Riachi, who has been shifted as Head of the Global Underwriting Centre for Swiss Re Corporate Solutions Singapore: Swiss Re, the second largest global reinsurr, has elevated Amitabha Ray, Head of P&C Client Markets and Chief Underwriting Officer...