Shriram General Insurance Company Exposes Fraudulent Insurance Claims with the Help of SIT

A vigilant claims processing team at Shriram General Insurance Company (SGIC), utilizing modern tools for investigation including AI, has assisted the UP Police in uncovering a significant motor claims fraud in Bareilly district. Additionally, the investigation officer has lodged an FIR against the culprit, and now examining whether the road accident case was actually a genuine one or a fraud for financial gain. The case began with a road accident death claim against SGIC for Rs 12 lakh in 2018. On August 26, 2018, an FIR was registered for a road…

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Indian equities likely to stay buoyant next year; Pvt banks, capital goods, digital commerce to see strong earnings growth

The Indian equity markets remained resilient for a major part of CY 2024, despite challenges posed by sticky inflation, weaker than expected Q2FY25 earnings, general elections outcome, FII outflows and global geopolitical uncertainty. In calendar year 2024, bellwether indices – Nifty 50 and Sensex generated positive returns of 14.32% and 12.55% respectively. While indices related to different market capitalization – Large, Mid and Small represented by Nifty 100, Nifty Mid Cap 150 and Nifty Small Cap 250 were up by 17.80%, 27.60% and 30.71% respectively on an absolute basis. (Data…

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TRAI has successfully implemented a framework to ensure traceability of all commercial SMS

The Telecom Regulatory Authority of India (TRAI) has recently reached a significant milestone in its ongoing efforts to enhance the security and integrity of mobile communication through effective SMS traceability. As mobile messaging continues to proliferate as a primary method of communication for millions of users, the need for secure, reliable, and traceable messaging systems has never been more critical. The initiative, aimed at establishing a robust framework for SMS traceability, is a response to the escalating concerns surrounding spam, fraud, and misinformation prevalent in the digital communication landscape. By…

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Mazagon Dock begins construction of Advanced Patrol Vessels for ICG

On a significant day in Mumbai, the plate cutting ceremony marking the commencement of construction for the first of fourteen Fast Patrol Vessels (FPVs) and the inaugural of six Next Generation Offshore Patrol Vessels (NGOPVs) was held by Mazagon Dock Shipbuilders Limited (MDL) for the Indian Coast Guard (ICG). This event underscores the growing symbiosis between domestic shipbuilding capabilities and national maritime security. The ceremony, attended by distinguished dignitaries, industry experts, and officials from the ICG, serves as a pivotal moment in India’s strategic efforts to bolster its naval fleet.…

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Indian scientists identify nano-plastics as emerging factor in spread of antibiotic resistance

The proliferation of plastic pollution has emerged as a significant challenge in contemporary environmental science, particularly with respect to the rising threat of antibiotic resistance. Recent studies have illuminated the role of nano-plastics—tiny plastic particles less than 100 nanometers in size—as novel vectors in the dissemination of antibiotic-resistant genes among microbial populations. This phenomenon necessitates urgent academic and public policy attention. Environmental ubiquity characterizes nano-plastics, which derive from the degradation of larger plastic items and are now prevalent in various ecosystems, including oceans, rivers, and soils. Their minute size allows…

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Transforming EV Journeys: NIRA Dynamics and GPS Tuner collaborate to include road hazard warnings in EV routing software

Improving their offering of efficient electric vehicle journey, GPS Tuner Systems Kft. has become the first to integrate alert data from NIRA Dynamics in an EV routing applcation. This collaboration is set to redefine how EV drivers experience the road, offering not just directions but a deeper, more insightful understanding of road conditions. The integration was officially launched at the London EV Show. The collaboration between NIRA Dynamics and GPS Tuner Systems brings a new dimension to EV navigation by incorporating real-time road perception data. This innovation allows drivers to safely navigate through…

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