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Twitter’s hectic overhaul puts world’s regulators on alert

Twitter’s hectic overhaul puts world’s regulators on alert

by AIP Online Bureau | Nov 12, 2022 | Eco/Invest/Demography, International News, Technology

Elon Musk The US Federal Trade Commission (FTC) regulates how Twitter handles user data and has been overseeing the company’s privacy and data security compliance since it put the company under a consent order in 2011, which requires Twitter to submit to independent...
Insurance contracts have very little option for consumers except to sign on dotted lines: SC

Insurance contracts have very little option for consumers except to sign on dotted lines: SC

by AIP Online Bureau | Nov 12, 2022 | Indian News, Non-Life, Reinsurance

“Such contracts demand a very high degree of prudence, good faith, disclosure and notice on the part of the insurer, being different facets of the doctrine of fairness. Though, a contract of insurance is a voluntary act on the part of the consumer, the obvious...
GIFT-IFSC an attractive entry point for India says its chairman Srinivas

GIFT-IFSC an attractive entry point for India says its chairman Srinivas

by AIP Online Bureau | Nov 12, 2022 | Eco/Invest/Demography, International News

Injeti Srinivas,chairman,IFSCA “I think in the next five years, IFSCA will clearly establish itself as a very attractive entry point for India. It will start emerging as an international financial centre for even non-India businesses… In five (years) it will be...
Need high regulatory standard globally to deal with crypto risks: Yellen

Need high regulatory standard globally to deal with crypto risks: Yellen

by AIP Online Bureau | Nov 11, 2022 | Eco/Invest/Demography, International News, Regulation, Technology, Wealth Management/ Philanthropy

Janet Yellen,US Treasury Secretary “We need a high regulatory standard globally, we need to take steps to reduce the cost of cross-border payments and we are very actively working in the context of financial stability with Financial Action Task Force and...
LIC net profit jumps 11fold to Rs15,952 crore in Q2

LIC net profit jumps 11fold to Rs15,952 crore in Q2

by AIP Online Bureau | Nov 11, 2022 | Indian News, Life

LIC’s net premium income rose more than 26 per cent to Rs 1.32 trillion , the company said in an exchange filing Mumbai: A 27 per cent jump in premium income and massive gains from changes in its accounting policy along with investment income helped national...

ASCI flags concerns around ‘dark patterns’ in digital advertising, proposes to expand code

by AIP Online Bureau | Nov 11, 2022 | Eco/Invest/Demography, Indian News, Risk Management, Technology

A consumer is tricked into buying a more expensive product, paying more than what was initially disclosed, sharing data or making choices based on false or paid-for reviews by deploying ‘dark patterns’. Mumbai: ASCI, a self-regulatory body of the...

FTX scrambles for funds as regulators take action

by AIP Online Bureau | Nov 11, 2022 | Eco/Invest/Demography, International News, Regulation, Technology

FTX’s predicament marks a stunning downfall for the 30-year-old crypto executive who was once worth nearly $17 billion. The U.S. securities regulator is investigating FTX.com’s handling of customer funds and crypto-lending activities, according to a source...

Over 82 pc of biz executives polled in India see cybersecurity budgets rising in 2023: PwC survey

by AIP Online Bureau | Nov 11, 2022 | Data, Eco/Invest/Demography, Risk Management, Technology

In India, cloud-based pathways (59 per cent) and the internet of things (58 per cent) are top areas of concern, followed by mobile devices and software supply chains (54 per cent). Globally, mobile devices are considered most unsecured (41 per cent) New Delhi: More...

Telemedicine will witness revolutionary change with improvements in connectivity: ISRO Chairman

by AIP Online Bureau | Nov 11, 2022 | Health, Indian News, Non-Life, Technology

Telemedicine connectivity can be strengthened, and the services can be expanded in rural areas with the spread of connectivity through satellites,” ISRO Chairman S Somnath “Telemedicine could help bring down the cost of health care. He also noted that 5G...
Lloyd’s picks England for World Cup glory, team’s estimated insurable value at £3.17bn

Lloyd’s picks England for World Cup glory, team’s estimated insurable value at £3.17bn

by AIP Online Bureau | Nov 11, 2022 | International News, Non-Life, Reinsurance

Research published with the support of the Centre for Economics and Business Research (Cebr) ranks the teams based on the collective insurable value of their players. The assessment of each insurable value comprises a variety of metrics such as wages, sponsorships,...
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