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Strait of Hormuz disruption impact: India considers dedicated Rs 1,000 crore war-risk cover to support insurers

Under a proposal being reviewed by the finance ministry, domestic insurers could be enabled to provide cover for vessels navigating high-risk areas. (AI image) Middle East conflict impact on India: The government is looking at the creation of a specialised fund to assist insurers offering war-risk coverage for ships operating on routes to and from…

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Installation of 13L rooftop solar systems okayed under ULA model for 10 states/UTs

Representational Image (Image credit: AP) NEW DELHI: To accelerate adoption of renewable energy among low-income and vulnerable households, govt has approved installation of over 13 lakh rooftop solar systems under the utility-led aggregation (ULA) model across 10 states/Union territories (UTs).The push is part of Centre’s broader focus on expanding solar energy capacity as a cleaner…

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BTC Slips 1.2% as Volume Thins Near $100K Support

According to CoinDesk Research’s technical analysis data model, bitcoin BTC$101,332.94 pulled back from recent peaks Tuesday, sliding from $103,413 to $101,775 as the world’s largest cryptocurrency consolidated below key $102,000 resistance. The 1.24% decline unfolded on tepid volume just 2.11% above seven-day averages, signaling cautious market participation despite proximity to the critical $100,000 psychological support…

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No irregularities in 133 luxury vehicles’ purchase, claims J&K govt | India News

JAMMU: Facing charges of irregularities in the procurement of 133 luxury vehicles in FY 24-25, Jammu & Kashmir govt on Thursday in a written reply in the assembly denied the allegations and asserted the purchases by various depts and PSUs were strictly in accordance with the prescribed norms.“There has been no deviation,” transport minister Satish…

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Worldcoin Falls 13% as World Expands Iris-Scanning Tech

Worldcoin fell 13.4% to roughly $0.28 on Friday as World, the identity-focused company led by OpenAI CEO Sam Altman, unveiled several new integrations for its “proof of human” stack, which uses iris-scanning technology to verify identities. Video conferencing tool Zoom is integrating World’s Deep Face authentication to prevent deepfakes, while electronic signature platform Docusign is…

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BTC price is building steam, a $3 billion trigger could set it off: Crypto Daybook Americas

By Omkar Godbole (All times ET unless indicated otherwise) Bitcoin BTC$71,859.13 looks to be gathering bullish momentum, with volatility expected to increase as prices near a $3 billion trigger point. The leading cryptocurrency by market value climbed through $72,100 during European hours, the widely tracked average price over the past 50 days. According to analysts,…

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