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MeitY Secretary urges Microsoft to locate future data centres closer to power generation hubs
"It will be much more economical if you go closer to where the power itself is generating," Electronics and IT Secretary S Krishnan said, adding that the government would continue to facilitate faster approvals to meet the requirements of both the country and the...
India studying new US law on sanctions against Russian oil buyers: Piyush Goyal
Piyush Goyal,Union Commerce and Industry Minister The new law clears the way for the US administration to impose tariffs of up to 100 per cent on countries that continue to buy Russian oil and gas. The measure could expose major buyers such as India and China to...
Hormuz shuttles keep oil flowing, but at a high cost
Ship-to-ship (STS) transfers have become a vital lifeline for Gulf producers as they adapt to the disruptions caused by the Iran war, now entering its seventh month. Once loaded, a tanker disconnects and heads for its destination, typically a refinery in Asia. The...
Soaring cost making some long-distance crude trades uneconomical
But for oil traders, the risk is that shipping becoming prohibitively expensive. They're concerned that the higher costs make it unprofitable for some refiners to turn crude into fuels, deterring them from buying cargoes that have to sail over long distances, even...
Govt urges bank employees to refrain from strikes, resolve issues through dialogue
"Given that most concerns of the unions have been substantially addressed, that the remaining demand continues to be examined, and that the Government continues to proactively introduce welfare measures for the banking workforce, bank employees are urged to refrain...
SC seeks Centre’s response on PIL for occupational safety for construction workers
The plea sought a direction to the Centre to declare standards on occupational safety and health for workplaces relating to building and other construction work under the 2020 code. New Delhi:The Supreme Court on Monday sought responses of the Centre and others on a...
AI fuels 440% surge in hackers using Blockchains in attacks
The findings add to evidence of generative AI contributing to a boom in cyber threats by spotting more software vulnerabilities and allowing cybercriminals to carry out more attacks. In crypto, the number of hacks rose roughly 150% to 207 in the first half of the...
Zurich Kotak General Insurance launches SMEs solutions on digital platform
Zurich Kotak General Insurance is leveraging Zurich’s globally-proven tech stack – Zurich Edge – the modular solution offers SMEs access to comprehensive business protection through a single interface, supporting their end-to-end insurance journey encompassing...
Strait of Hormuz would not be reopened until Iran’s conditions fulfilled: Parliament Speaker Ghalibaf
"And until these conditions are fulfilled, the legitimate rights of the Iranian people are recognised, and the commitments of the Americans are implemented, there will be no opening for returning to the previous conditions of negotiation and the opening of the Strait...
New US sanctions bill on Russia puts India in a bind
"Tariffs of up to 100% would punish Indian exporters and American consumers, disrupt trade and give the US president excessive power over major partners," said Ajay Srivastava, founder of New Delhi-based think tank Global Trade Research Initiative and a former trade...
NSE’s shareholders retain significant stake even after tendering shares in OFS
The selling shareholders largely comprised institutional investors, who collectively held a 36.82 per cent stake in NSE before the IPO and tendered shares representing a 5.11 per cent stake in the exchange, according to an analysis of data New Delhi: A majority of the...
Oriental Insurance to invest Rs 500 cr over 3 yrs to bolster digital capabilities
Sanjay Joshi, CMD,Oriental Insurance Company On the claim settlement side, Joshi said, "The company recently launched its end-to-end digital journey for Motor Own Damage (OD) claims, aimed at making claims processing faster, more transparent and convenient for...
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Power Assets: AI and data centre growth drive insurance demand across Asia
Lyo Foo, Head of Power, Natural Resources Asia, at Willis said, “AI and data centre growth are making reliable power a strategic asset across Asia. As large, concentrated loads expand, risk can no longer be assessed in silos: generation, grids, cooling, water,cyber,...
FinMin to meet PSB, RRB chiefs on Monday to ensure banking services during 3-day strike
United Forum of Bank Unions(UFBU) claims to represent 90 per cent of the banking workforce, and their other demands include updation and improvement of pension, a uniform dearness allowance formula for all pensioners and an option for employees covered under the...
Gemini hacked three companies in first known breakout by Google’s AI
The hacks occurred in May during a cybersecurity test conducted by Irregular, an independent company that conducts cybersecurity evaluations.During a standard testing evaluation, Gemini found public information online and guessed credentials to access three websites...