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Heat is surging across India, Risking blackouts and even deaths
A majority of India’s 1.4 billion population work outdoors, often without protection. Many construction workers, hawkers and rickshaw pullers die each year during the summer as they don’t have the means to beat the heat. India suffers from the most pronounced...
NHA invites participation on the ‘National Health Claims Exchange-Sandbox’ under Ayushman Bharat Digital Mission
The current health insurance claims settlement process in the country is mostly manual, non-digital and laborious in nature posing challenges at every stage. The current process of exchanging claims lacks standardization across the ecosystem with most data exchange...
Ransomware attacks, human error as main cause of cloud data breaches in India and worldwide: Report
More than a third (38 per cent) of respondents in India (37 per cent globally) have experienced a data breach in the past 12 months, including 23 per cent (22 per cent globally) reporting that their organisation had been a victim of a ransomware attack Respondents...
Cybersecurity nightmare in Japan can pose global risks
The country produces about 80% of fine chemicals for electronics and dominates the global supply of photoresist, a light-sensitive material that’s used in making semiconductor chips, according to Ulrike Schaede, professor of Japanese Business at the School of Global...
India to have 2.9 mln more people than China by mid-2023, UN estimate shows
The demographic data from the United Nations Population Fund’s (UNFPA) “State of World Population Report, 2023” estimates India’s population at 1,428.6 million or 1.4286 billion against 1.4257 billion for China India is on its way to become the world’s most populous...
Elon Musk says he will launch rival to Microsoft-backed ChatGPT
The move came even after Musk and a group of artificial intelligence experts and industry executives called for a six-month pause in developing systems more powerful than OpenAI’s newly launched GPT-4, citing potential risks to society SAN FRANCISCO: Billionaire Elon...
Nine more US states join federal lawsuit against Google over ad tech
The government, which filed the ad tech lawsuit in January along with eight states, had argued that Google should be forced to sell its ad manager suite because it illegally abused its dominance of online advertising The Justice Department’s ad tech lawsuit followed a...
Poor diet linked to 14 million cases of Type 2 diabetes globally: Study
Of the 30 most populated countries studied, India, Nigeria, and Ethiopia had the fewest case of type 2 diabetes related to unhealthy eating, the researchers said The researchers found that Of the 11 dietary factors considered, three had an outsized contribution to the...
Women outshine men for GM promotions in PSU general insurance companies
Out of 16 vacancies of general mangers across five companies including GIC Re, 11 have been cornered by women candidates New Delhi: The public sector general insurance companies, for the first time, have seen a few senior women officers (deputy general managers)...
U.S. SEC sees decentralized crypto platforms as exchanges, seeks public input
The SEC voted 3-2 to take additional comments from the public after crypto firms criticized the plan as vague and aimed at roping in decentralized finance platforms, also known as DeFi platforms that would otherwise not be subject to the regulator’s oversight...
Political Risk loss frequency surges in 2022,Ukraine war delivers widespread financial losses
Looking to the year ahead, Ukraine heads the list of interview panel members’ top risks for 2023, followed closely by decoupling from China and crisis and new regulations in the EU The 6th annual political risk survey produced by WTW, found that an unprecedented 92%...
Heatwaves can turn fatal for kids, pregnant women, elderly’
"Heatstroke is a serious medical condition that can be fatal if not treated promptly with rapid cooling," said Dr Ajay Aggarwal, Director and Head - Internal Medicine, Fortis Hospital Noida New Delhi: Even as summers have set in, India has started seeing extreme heat...
ICICI Lombard reports 40 pc jump in net income to Rs 437 crore in Mar quarter
Gopal Balachandran,chief financial officer and chief risk officer The key profitability metric, the combined ratio of the company stood at 104.5 in FY23 against 108.8 per cent in FY22. In the March quarter, it was 104.2 against 103.2 a year ago The insurer's...
Indian insurance industry to cross Rs10 trillion of premium and Rs 59 trillion of assets in fy2022-23:IRDAI Chief
Debasish Panda,Chairman, IRDAI ” Insurers need to further to further collaborate with insurtechs more. I would also expect insurers to engage with the Insurance Information Bureau (IIB) more closely to make it a more vibrant body where they actually become the data...
General insurers to take action against errant hospitals, to set up Health Exchange Platform for 100 % cashless settlement of policies
S Prakash, managing director, Star Health and Allied Insurance Company “We would indentify honest hospitals and reward them. We will also penalise hospitals for fraud, overcharging and deficiency in services . Insurance Information Bureau (IIB) is working on a a...
India likely to receive normal monsoon rains in 2023 -govt official
Skymet, a weather forecasting and agriculture risk solution company, expects the upcoming monsoon to be 'below normal' to the tune of 94% ( with an error margin of +/-5%) of the long period average (LPA) of 868.6mm for the 4- month long period from June to September...
Electric two-wheeler sales in India rise over two-and-half fold to 8,46,976 units in FY23: SMEV
"In the electric two-wheeler segment, the industry sold 7,26,976 high-speed E2W (top speed more than 25km/hr) in FY 2023," it added. In 2021-22, sales of low-speed e-scooters were at 75,457 units, while those of high-speed e-scooters were at 2,52,443 units. SMEV said,...
Reliance Cap second auction postponed again; new date yet to be fixed
According to sources, the bidders who have confirmed their participation in the second round of auction are IndusInd International Holdings Ltd (IIHL) of Hinduja Group, Torrent Investment and Singapore-based Oaktree Mumbai: Lenders of debt-ridden Reliance Capital...