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Reduce Focus On Profits, Improve Transparency, Curb Misselling’Irdai has sought to link insurance company CEO salaries to customer outcomes, introduce clawbacks and increase transparency. This follows a study by the regulator which showed that CEO salaries were all over the place with key management at times accounting for a big chunk of the wage cost….
A legendary tale of culinary rebellion in 1853 Saratoga Springs saw George Crum, a chef, invent the potato chip out of spite. What began as a prank, slicing potatoes paper-thin and over-salting them, unexpectedly delighted a picky diner. Image Credits: Wikimedia Commons In reality, there is a strange joy in stories of food wars, particularly…
Airbnb and Anysphere, maker of AI coding platform Cursor, may be in trouble. According to a report in Semafor, two Republican-led House committees are probing Airbnb and Anysphere over their use of Chinese AI models. According to the report, the House Homeland Security Committee and House China Select Committee have jointly sent letters to the…
In a shocking turn of events at The Deli café in Bolton, a courageous patron stood up to an assailant brandishing a knife. The staff quickly sprang into action, subduing the attacker and securing the safety of all present. Authorities have taken a man in his 50s into custody on assault charges, characterizing the incident…
A delivery worker associated with Blinkit has been arrested in Bengaluru after allegedly assaulting a customer during a dispute over a delivery address, police said. BENGALURU: A delivery worker associated with Blinkit has been arrested in Bengaluru after allegedly assaulting a customer during a dispute over a delivery address, police said. The incident took place…
MUMBAI: The RBI is proposing to compensate customers for losses arising from small-value digital frauds, with payouts of up to Rs 25,000, as part of a broader overhaul of consumer protection rules amid rising risks from mis-selling, cyber fraud and aggressive loan recovery practices.Governor Sanjay Malhotra said the central bank has reviewed its 2017 framework…
The Economic Survey frames insurance as a growth problem disguised as a coverage problem. To close India’s protection gap and deliver “Insurance for All by 2047,” it says the sector must outpace nominal GDP, not inch alongside it. The binding constraint is not demand but distribution.“The escalating cost of acquisition is not merely an operational…
NEW DELHI: A 30-year-old Bangladeshi Hindu man, employed at a fuel station, died after being allegedly run over by a driver who attempted to leave without paying for fuel, police said.The incident took place on Friday in Rajbari district. The victim was identified as Ripon Saha.Police have seized the vehicle, an SUV, and arrested its…
Michael Burry is betting against Oracle. The investor, who is also known from the movie “The Big Short,” has revealed bearish positions against the company founded by Larry Ellison after its recent expansion into artificial intelligence (AI) infrastructure. In a latest Substack post, Burry revealed that he holds put options on Oracle shares and has…
MUMBAI: In a win for the restaurant industry, Zomato has agreed to share customers’ phone numbers with eateries after seeking consent from users, the National Restaurant Association of India (NRAI) said. The restaurant industry had been at loggerheads with food delivery platforms – Zomato and Swiggy – over their refusal to share consumer data, which…
