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SBI chief pitches for national financial grid to check frauds
Speaking at the CII Financing Summit in Mumbai , SBI Chairman CS Setty said that the sector participants have come together to form the Indian Digital Payment Intelligence Corporation, a not-for-profit entity, which is a shared digital infrastructure to offer...
No firm is immune if AI bubble bursts, Google CEO tells BBC
Alphabet Chief Executive Sundar Pichai said in an interview with the BBC published on Tuesday that the current wave of AI investment was an “extraordinary moment” but acknowledged “elements of irrationality” in the market, echoing warnings of “irrational exuberance”...
UIDAI mulling to issue Aadhaar with photo, QR code to discourage offline verification
UIDAI CEO Bhuvnesh Kumar said that the authority is considering introducing a new rule in December to discourage offline verification by entities such as hotels, event organisers, etc, and enhance the age verification process using Aadhaar while maintaining the...
Need to relook at Rs 15k ceiling for mandatory pension enrolment: DFS Secy
“We need to look at it…how do we secure the future of those who earn a little more also, but have a secure future and not depend on the children in the time of old age,”Department of Financial Services Secretary M Nagaraju Mumbai: The country needs to relook at the Rs...
Everest Grp appoints Gary Haase as EVP&CEO of Legacy operation
Everest Group, announced the appointment of Gary Haase as Executive Vice President and CEO of Legacy Operations, effective December 1, 2025. Mr. Haase will lead the strategy and execution of Everest’s legacy insurance portfolios, driving capital efficiency,...
TRAI mandates pre‑tagging of variables in SMS content templates to curb fraud
Evidence from multiple Unsolicited Commercial Communications (UCC) investigations showed that the absence of predefined tagging has been routinely exploited for fraudulent and phishing activities. Absence of predefined tagging allowed unregistered or malicious URLs,...
Cloudflare outage hits X and several digital platforms globally, including India
Cloudflare confirmed in its initial update that it was “aware of, and investigating an issue which potentially impacts multiple customers”, though it did not share a cause or a timeline for a fix. New Delhi: A worldwide outage at the network of cybersecurity firm...
AIIMS,airport, public projects worth Rs20, 000 cr saved from demolition as SC recalls verdict on environmental clearances
With this recall, these projects now have a chance to be regularized under the now-revived 2017 notification and 2021 office memorandum, pending a final decision on their validity by the Supreme Court. New Delhi: The Supreme Court verdict, recalling its May 16...
Unethical practices of pharma firms: People should have proper remedy, says SC
The plea filed by 'Federation of Medical and Sales Representatives Association of India' and others sought a direction that till an effective law was enacted as prayed, the top court may lay down the guidelines to control and regulate unethical marketing practices by...
India Risk Report 2025: Resilience in the age of AI & shifting geopolitics
``While cyber, legal and technoligical risk remain top concern, the findings highlight rising preparedness and maturity in risk management practices. Yet one insight stands out -true resilience demands a culture that value adaptability , foresight and learning....
Nearly half of Indian enterprises now running multiple GenAI use cases: EY-CII report
91% of leaders reported that speed of deployment was the single biggest factor driving their buy vs build decisionsOperation (63%), customer service (54%) and marketing (33%) are the top three business functions prioritized for GenAI use cases over next 12 months76%...
Indian parents now validating their buying decisions based on what their Gen Z teens recommend: Report
The findings also state that Gen Z and Gen Alpha together are driving the family wallet, with projections that Gen Z will account for more than USD 1 trillion in spending by 2030. New Delhi: Parents across India are increasingly validating their everyday decisions...
Canara HSBC Life Insurance has appointed Dinesh Tak as chief agency officer
Canara HSBC Life Insurance has appointed Dinesh Tak as Chief Agency Officer.Dinesh will oversee the company’s sales and distribution strategy by further reinforcing organisation’s focus on strengthening partnerships, enhancing channel productivity, and driving...
Ukrainian attack halts oil exports from Russia’s Novo, affecting 2% of global supply, sources say
The attack was one of the biggest on Russian oil-exporting infrastructure in recent months. It follows a ramping-up of Ukrainian strikes on Russian oil refineries since August, part of an attempt by Kyiv to degrade Moscow's ability to finance its war MOSCOW: Russia's...
Need to harmonise regulations across regulators to reduce compliance friction:DEA Secy
Given the rapidly evolving landscape, Department of Economic Affairs Secretary Anuradha Thakur(in pic) emphasised the need for continued reforms and sustained focus on areas such as prudent regulation, disclosure and governance standards, gradual and controlled...
Tampering with mobile IMEI non-bailable offence, attracts 3-yr imprisonment, Rs 50 lakh penalty: DoT
"DoT emphasises that these regulations are essential for maintaining telecom cyber security, preventing counterfeiting, facilitating law enforcement, and ensuring proper tax collection. Strict compliance protects India's telecom infrastructure from counterfeit and...
Exempt life insurance from GST to enable insurers to claim ITC benefits: LIC MD Patnaik
Ratnakar Patnaik,managing director,LIC, appealed to the government for a review into the three-year-old policy of taxing maturity proceeds for policies with premium of over Rs 5 lakh. "Is it time to upgrade or revise upwards to up to Rs 10 lakh, the maturity proceeds...
Around 1.3 million transformer failures occur in India annually
In a meeting on Distribution Transformer, it has been highlighted that the "national distribution transformer failure rate averages around 10 per cent, amounting to nearly 1.3 million transformer failures annually". New Delhi: Around 1.3 million transformer failures...