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insurance claim rejected

His son died, and LIC denied father Rs 5 lakh over alleged undisclosed heart condition; Consumer Commission finds no reliable medical proof, orders Rs 5 lakh plus 7% interest and Rs 10,000

The father and nominee of the deceased son, approached the consumer commission after LIC refused to honour a life insurance claim. Your child takes life insurance, and after his death the insurer denies the claim on the basis that your son hid a pre-existing condition. What happens then?In one such case, the District Consumer Disputes...
nvidia

Nvidia announces record $150 billion share buyback amid AI boom

Nvidia’s growth outlook remains closely tied to the global AI infrastructure boom. (Reuters) Nvidia has increased its share buyback authorisation by a record $150 billion, taking its total remaining repurchase capacity to $235 billion as the chipmaker bets on continued demand for artificial intelligence hardware amid intensifying competition.The increase surpasses Apple’s $110 billion buyback authorisation...
north east high speed highways

Nitin Gadkari says Rs 61,500 crore, 630-km highway corridor to link Siliguri with Guwahati, Shillong; high-speed between UP & North East in works to cut travel time drastically

Gadkari described the 630-km corridor as the “lifeline” of the North East. (Image for representative purpose only) High-speed highway connectivity is in the works for the North-East connecting it to Uttar Pradesh in the future. Road transport and highways minister Nitin Gadkari on Monday said that the government will soon take up construction of a...
134557350

US exempts India, 19 other countries from 100% tariff on speciality drugs | India News

The zero-duty framework covers medicines and related products used for rare diseases. US has exempted select speciality medicines and related components from import duties for India and 19 other partner jurisdictions, offering potential relief to parts of the pharmaceutical industry.The exemption comes as Washington moves ahead with a 100% tariff on certain patented pharmaceutical products....
it jobs

Infosys plans to shift up to one-third of 320,000 employees into specialist roles, build a team of 6,000 frontier engineers as AI reshapes IT jobs

The company, which has revenue of $20 billion, is navigating the challenges created by one of the most significant technology shifts faced by the IT industry. Infosys is looking to transition anywhere between a quarter to a third of its workforce into specialist positions and also create a team of about 6,000 frontier engineers, according...
imaai secures 150 million as ai silicon push lifts valuation to 14 billion

SiMa.ai raises $150mn to scale physical AI

iMa.ai raises $150 million to power next-gen AI chips for robotics, drones BENGALURU: SiMa.ai, a US-India AI platform company focused on physical AI, has raised $150 million at a $1.4 billion valuation. The funding brings its total capital raised to $500 million as the company prepares to scale its next-generation AI silicon for robotics, drones...
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