by AIP Online Bureau | Aug 2, 2024 | Indian News, Life, Regulation
Signed by RK Sinha, member, Finance, IRDAI and BC Patnaik, member,Life, IRDAI, the regulator has slapped a fine of Rs 1 crore each on two charges and has directed the company to take corrective steps in other matters Mumbai: The IRDAI has slapped fine of Rs 2...
by AIP Online Bureau | Aug 1, 2024 | Eco/Invest/Demography, Health, Indian News, Risk Management, Technology
The study by the Advertising Standards Council of India (ASCI) found that 52 of the top 53 apps have deceptive UI (user interface)/UX (user experience) practices that can mislead or trick users into doing something they originally did not intend or want to do Mumbai:...
by AIP Online Bureau | Aug 1, 2024 | Eco/Invest/Demography, International News, Non-Life, Risk Management, Technology, Workplace/Employee Benefits
In a proposed class action filed on Tuesday night in the Austin, Texas federal court, shareholders said they learned that CrowdStrike’s assurances about its technology were materially false and misleading when a flawed software update disrupted airlines, banks,...
by AIP Online Bureau | Aug 1, 2024 | Climate, Environment, Renewable Energy, Disaster & Management, Eco/Invest/Demography, Indian News, Policy, Risk Management
The bill is aimed to strengthen the efficient working of the National Disaster Management Authority and the State Disaster Management Authorities and has provisions for the constitution of Urban Disaster Management Authority for state capital and large cities having...
by AIP Online Bureau | Aug 1, 2024 | Eco/Invest/Demography, Indian News, Non-Life
“For about two years, the industry has grown substantially. One year of consolidation is expected, so this year would be flattish. Hardly any growth can be expected in the passenger vehicle industry this year” Amit Hiranandani, automobile sector lead...
by AIP Online Bureau | Aug 1, 2024 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Regulation, Risk Management, Technology
The attack had affected C-Edge Technologies, a technology service provider to the banks. India has about 1,500 cooperative and rural regional banks, which largely serve customers in hinterland areas, one-fifth of which were affected by the attack MUMBAI: Nearly 300...
by AIP Online Bureau | Aug 1, 2024 | Eco/Invest/Demography, Indian News, Non-Life, Policy
Nitin Gadkari, Union Minister of Road Transport and Highways of India In a written reply in the Lok Sabha, Union Minister Nitin Gadkari said under the scheme, the eligible victims are administered health benefit packages relating to trauma and polytrauma care at...
by AIP Online Bureau | Aug 1, 2024 | Data, Risk Management, Technology
Out of the total fleet of 56 Boeing 737 Max aircraft registered and operating in India, he said there has been one recent occurrence in May 2024 on B737 Max aircraft of SpiceJet, wherein engine No 2 oil filter bypass light illuminated New Delhi: As many as 56 Boeing...
by AIP Online Bureau | Aug 1, 2024 | Indian News, Risk Management, Technology
The bench referred to the Supreme Court’s K S Puttuswamy judgment in which the right to privacy was held as a fundamental right and said it is a settled proposition that the data provided to the UIDAI while making an Aadhaar card is private and personal information of...
by AIP Online Bureau | Aug 1, 2024 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Policy
The Indian government, which owns 45.48% in IDBI Bank, and state-owned Life Insurance Corporation of India which holds 49.24%, together plan to sell 60.7% of the lender MUMBAI/NEW DELHI: The Reserve Bank of India(RBI) has completed its review of potential buyers for a...
