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Three-quarters of companies globally are not ready for ESG rules: KPMG Report

by AIP Online Bureau | Sep 26, 2023 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News, Policy, Regulation

“Now there will be regulatory and assurance requirements to report accurate information, which raises the bar on controls and processes as well as qualitative statements that will need to be made around the data,” Mike Shannon, Global Head of ESG Assurance at KPMG,...

US urges court to consider Amazon.com asset sales for breaking antitrust law

by AIP Online Bureau | Sep 26, 2023 | Eco/Invest/Demography, International News, Regulation, Risk Management

“The FTC and its state partners say Amazon’s actions allow it to stop rivals and sellers from lowering prices, degrade quality for shoppers, overcharge sellers, stifle innovation, and prevent rivals from fairly competing against Amazon,” the agency said in a statement...
Cough syrup deaths overseas prompt US crackdown on toxic testing

Cough syrup deaths overseas prompt US crackdown on toxic testing

by AIP Online Bureau | Sep 26, 2023 | Health, International News, Regulation, Risk Management

Cough syrups made in India and Indonesia have been linked to deaths of more than 300 children globally. The medicines were found to contain high levels of DEG and EG, leading to acute kidney injury and death. The poisonings have sparked criminal probes, lawsuits and a...

Climate change, tech and geopolitics will shape future of business: Tata Steel CEO

by AIP Online Bureau | Sep 26, 2023 | Eco/Invest/Demography, Indian News, Technology

CEO and Managing Director Tata Steel Ltd, T.V Narendran pointed out that the global steel industry contributes 8 per cent of the total emissions and the governments in Europe are discussing green steel with the industry New Delhi: CEO and Managing Director Tata Steel...

Monsoon rainfall deficit at 6% below normal

by AIP Online Bureau | Sep 26, 2023 | Data, Eco/Invest/Demography, Non-Life

While northwestern India (2 per cent above normal) and central India (normal) received above normal and normal rainfall respectively, South Peninsula (9 per cent below normal) and eastern and northeastern regions (17 per cent below normal) have witnessed deficient...

Tax department notifies ‘Angel Tax’ rules for valuing investments in startups

by AIP Online Bureau | Sep 26, 2023 | Eco/Invest/Demography, Indian News, Policy, Regulation, Technology

“These changes offer taxpayers a broader range of valuation methods to choose from, including internationally recognized approaches, thereby attracting foreign investments and fostering clarity. Moreover, the notified final rule introduces an additional...
OpenAI CEO says possible to get regulation wrong, but should not fear it

OpenAI CEO says possible to get regulation wrong, but should not fear it

by AIP Online Bureau | Sep 26, 2023 | Eco/Invest/Demography, International News, Policy, Regulation, Risk Management

Sam Altman, CEO,ChatGPT “Models that are like 10,000 times the power of GPT4, models that are like as smart as human civilization, whatever, those probably deserve some regulation,” The CEO of ChatGPT maker OpenAI said on Monday that it was possible to get regulation...

Cipla introduces drone-powered critical medicine delivery in Himachal

by AIP Online Bureau | Sep 26, 2023 | Health, Indian News, Technology

The Mumbai-based firm aims to deliver medicines for cardiac, respiratory and other essential chronic therapies as part of the initiative. The use of drones will support on-time deliveries of the company’s medicines to chemists and clinics in remote areas while...

AI, robots and satellite sensors are helping in the fight against wildfires

by AIP Online Bureau | Sep 26, 2023 | Eco/Invest/Demography, Features, Risk Management, Technology

“It’s a huge game changer for the fire service,” says Schneider of the technology created by Pano AI, which acts as a second set of eyes looking out for fires. While AI alone won’t completely ease the burden of wildfire management, it’s one of a growing number of...

US energy regulator recommends revising reliability standards for extreme weather

by AIP Online Bureau | Sep 26, 2023 | Disaster & Management, Eco/Invest/Demography, International News, Regulation

FERC said the report recommends completing cold weather reliability standard revisions from Winter Storm Uri in 2021 – which resulted in the largest controlled blackout in U.S. history – and making U.S. natural gas infrastructure more reliable The Federal Energy...
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