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Underwrite disruptions to improve market penetration: IRDAI chief to insurers
Debasish Panda,chairman, IRDAI "There is a need to come out of the traditional and conventional roles and embrace dynamism and agility and also there is a need to see the sector from a different lens," IRDAI's chief Debasish Panda said, acknowledging the role of...
EU to probe TikTok faces over risks to minors, may pay hefty fines
The bloc singled out 19 online platforms and search engines last year as large entities worthy of scrutiny and has been quizzing them for information. That includes X, Meta Platforms Inc., Alphabet Inc. and others with more than 45 million monthly active users in...
Gallagher appoints Sneha Gokarn as its new CEO for India
Sneha Gokarn, CEO and principal officer of Gallagher, India ``Sneha, who has been a board member and executive director of our business a number of years has extensive experience in both the Indian insurance market and Gallagher, and we are delighted Sneha will be...
AIIMS Delhi moves to cashless system with introduction of digital patient care card service
Calling it a significant step for digital India, the Health Minister stated that this initiative marks the first move towards "One Nation, One AIIMS, One Card." "AIIMS Smart Payment Card will resolve the long-pending issue of patients from far-flung areas carrying...
Mahindra Finance & IBM collaborate to drive financial inclusion with Super App
This app will be housing Mahindra Finance’s various vehicle and non-vehicle lending businesses, including personal loans, enterprise loans, mortgage loans, leasing solutions, payments, fixed deposits, insurance solutions, and other investment & wealth management...
Marine insurers continue to support trade in the Red Sea & Black Sea
The impact on Suez Canal transits and global supply chains are significant but this has not affected the ability of the marine insurance market to provide adequate cover – both for Red Sea/Suez Canal transits or for the longer route around the Cape of Good Hope,...
JN.1 Covid variant has increased transmissibility, immune escape: Study
The researchers found that the reproductive number of JN.1 was found to surpass that of its counterparts in the three countries studied, suggesting a potential global dominance in the near future The JN.1 variant of the SARS-CoV-2 virus not only spreads easily but...
DGCA takes necessary steps to prevent runway incursions following Haneda airport incident
Apart from establishing a runway safety team at all aerodromes and ensuring their effective functioning, the regulator has emphasised on comprehensive training for pilots, air traffic controllers, aircraft maintenance engineers, and drivers operating inside an airport...
RBI Deputy Governor urges banks to prioritize legal and cyber risks arising from AI
''With the adoption of AI and GenAI, laws are to be redefined. Industry needs to note that Digital Personal Data Protection (DPDP) Act rules are going to come soon, and banks may be in violation of some of it so it's important to start preparing for it,'' RBI Deputy...
Parliament passes Water Act, decriminalises minor water pollution related crimes
According to the statement of objects and reasons of the bill, the amendment proposes to rationalise criminal provisions and ensure that citizens, businesses and companies operate without fear of imprisonment for minor, technical or procedural defaults. Also, the...
Adani Ports secures top position for climate actions
The company also secured the top rank in the marine ports sector on a low carbon transition rating by Sustainalytics New Delhi: Adani Ports and Special Economic Zone Ltd (APSEZ) on Sunday said it has secured top position for its climate actions and environmental...
Weakening El Nino conditions raise hopes of ‘bountiful monsoon’ in India
Weather scientists in India, tracking the developments closely, have said that La Nina conditions setting in by June-August could mean monsoon rains would be better this year than the last year.The southwest monsoon delivers about 70 percent of India’s annual...
RCap administrator objects Rs 118 crore special payment proposal to key team of Reliance General Insurance
`This action of yours in provisioning for the KMPs runs contrary to your representation on the solvency ratio post infusion of the additional funds, Also, we, have not granted any approval under section 197 of the Companies Act 013 for the payment of such remuneration...
In 2050, one-third of global river sub-basins could face water scarcity: Study
“These water scarcity hotspots were mainly distributed in southern parts of North America, Europe, parts of Northern Africa, the Middle East, Central Asia, India, China, and Southeast Asia,” the researchers wrote. In 2050, one-third of global river sub-basins are...
Delhi HC orders Delhi Government to provide Rs 50,000 ex-gratia compensation to families of COVID-19 victims
In a judgment, the apex court had made clear that irrespective of the cause of death mentioned in the death certificate, if a family member satisfies the requisite eligibility criteria, he or she shall also be entitled to the ex gratia payment of Rs 50,000 on...
Amid political uncertainty, Pak biz tycoons shift business to Dubai
The political and economic uncertainties along with the deteriorating law and order situation frightened the business community who regularly pay ‘extortion money’ to one or another group in Karachi, Dawn reported Karachi: During the past 20 months, Pakistani...
Maruti Suzuki may see some increase in costs due to Red Sea crisis
Similarly, the situation in the Red Sea is creating supply chain issues for German luxury carmaker Audi, impacting car deliveries to customers in India in the first quarter but recovery is expected in the coming months, according to a senior company official. New...
Study finds body temperature is linked to depression
A small body of existing, causal studies has found that using hot tubs or saunas can reduce depression, possibly by triggering the body to self-cool, for example, through sweating A study from UC San Francisco revealed that individuals with depression may benefit from...