Latest news with #IDV
Time of India
6 days ago
- Business
- Time of India
Truck stolen 4 days before policy lapses, forum asks co to pay 75% of insured value
Ghaziabad: The consumer forum granted partial relief to a transporter whose mini truck was stolen just four days before his vehicle insurance was due to expire. In a ruling issued on July 31, the District Consumer Disputes Redressal Commission (DCDRC) directed New India Assurance Company to pay 75% of the insured declared value (IDV) and Rs 5,000 in litigation costs and as compensation for the mental agony caused during the prolonged dispute. Tired of too many ads? go ad free now IDV in vehicle insurance is the maximum amount an insurance company must pay out in case of total loss or theft of an insured vehicle and is typically calculated as the vehicle's market value. The petitioner, Lalman Singh, said his Tata 407 pickup truck was insured under a policy valid from July 1, 2013, to June 30, 2014. On June 26, 2014, just four days before the policy lapsed, the truck was stolen from near his residence in Indirapuram. Singh said that he lodged a police complaint the same day, and an FIR was registered on June 30. Despite submitting a report declaring the vehicle "untraceable", Singh's claim for the full insurance amount of Rs 7.3 lakh was rejected. I nstead, the insurance company released only Rs 5.3 lakh and promised to release the remaining amount later. When the pending amount wasn't paid, Singh approached the consumer forum. New India Assurance argued that the settlement had been completed in line with the policy terms, following an assessment by a certified surveyor. The company's counsel told the commission that Singh had signed a full and final agreement and therefore was not entitled to any further claim. The commission cited a Supreme Court ruling in the 2008 case of National Insurance Company vs Nitin Khandelwal and noted that in cases involving theft, insurance companies were required to pay 75% of the IDV on a non-standard basis, even when procedural lapses exist. Tired of too many ads? go ad free now In Singh's case, this amounted to Rs 5.46 lakh, which was Rs 15,949 short of what was already paid. The commission, led by president Praveen Kumar Jain and members Shailja Sachan and RP Singh, ruled that Singh was entitled to the shortfall in payment. It also took note of the delay and distress caused to the consumer, and ordered the insurance company to pay another Rs 5,000 in compensation. The insurance firm has been given 45 days from the date of the order to comply, failing which interest at 6% per annum would be levied on the unpaid amount.
Toronto Star
30-07-2025
- Automotive
- Toronto Star
Iveco Group announces agreement to sell Defence Business to Leonardo
Iveco Group announces agreement to sell Defence Business to Leonardo Transaction creates Italy-based European land defence champion Turin, 30 th July 2025. Iveco Group N.V. (EXM: IVG) announces the signing of a definitive agreement to sell its Defence Business (IDV and ASTRA brands), to Leonardo S.p.A. (BIT: LDO), a leading European defence and security company, for an enterprise value of €1.7 billion. The transaction will create an Italy-based, European champion in the land defence segment with the scale and capabilities also to compete at a global level. On 7th February 2025, Iveco Group announced that it would separate its Defence Business from its commercial vehicles business in order to provide both with greater focus and strategic flexibility. The landmark transaction announced today means that the employees of IDV and ASTRA will become an integral part of a significantly larger business, that will be better able to invest and compete in a segment whose strategic importance is paramount. By combining IDV and ASTRA's mobility solutions and protected platforms with Leonardo's advanced systems, the partnership will deliver full-spectrum, land defence capabilities for Italy, Europe and at a global level. The transaction is expected to be complete no later than 31st March 2026, subject to customary regulatory approvals and carve-out completion. On completion, Iveco Group intends to distribute the net proceeds of the transaction, subject to closing adjustments, to shareholders via an extraordinary dividend. ARTICLE CONTINUES BELOW Olof Persson, CEO of Iveco Group, commented: 'This agreement propels Iveco Group's Defence Business into its proper dimension as a key contributor alongside Leonardo in the creation of a focused, world-class player in land defence activities. Our colleagues in the Defence Business will become part of a group with the scale and integrated capabilities to compete on all levels and for all platforms, with all the positive potential for innovation and continuous development.' In the context of the transaction, Goldman Sachs Bank Europe SE, Succursale Italia acted as financial advisor and Freshfields acted as legal advisor to Iveco Group. Iveco Group Defence Business: Iveco Defence Vehicles (IDV) and ASTRA are leading providers of military mobility, protection capability, uncrewed applications and purpose-built vehicles, with a portfolio spanning armoured, amphibious, trucks and multirole vehicles. With 6 production sites and 9 commercial offices globally, Iveco Group Defence Business generated revenues of €1.1 billion in 2024. Iveco Group N.V. (EXM: IVG) is the home of unique people and brands that power your business and mission to advance a more sustainable society. The seven brands are each a major force in its specific business: IVECO, a pioneering commercial vehicles brand that designs, manufactures, and markets heavy, medium, and light-duty trucks; FPT Industrial, a global leader in a vast array of advanced powertrain technologies in the agriculture, construction, marine, power generation, and commercial vehicles sectors; IVECO BUS and HEULIEZ, mass-transit and premium bus and coach brands; IDV, for highly specialised defence and civil protection equipment; ASTRA, a leader in large-scale heavy-duty quarry and construction vehicles; and IVECO CAPITAL, the financing arm which supports them all. Iveco Group employs 36,000 people around the world and has 19 industrial sites and 30 R&D centres. Further information is available on the Company's website Media Contacts: Francesco Polsinelli, Tel: +39 335 1776091 Fabio Lepore, Tel: +39 335 7469007 E-mail: mediarelations@ Investor Relations: Federico Donati, Tel: +39 011 0073539 E-mail: Attachment 20250730_PR_Iveco_Group_agreement_to_sell_Defence_Business_to_Leonardo
Hamilton Spectator
30-07-2025
- Automotive
- Hamilton Spectator
Iveco Group announces agreement to sell Defence Business to Leonardo
Iveco Group announces agreement to sell Defence Business to Leonardo Transaction creates Italy-based European land defence champion Turin, 30 th July 2025. Iveco Group N.V. (EXM: IVG) announces the signing of a definitive agreement to sell its Defence Business (IDV and ASTRA brands), to Leonardo S.p.A. (BIT: LDO), a leading European defence and security company, for an enterprise value of €1.7 billion. The transaction will create an Italy-based, European champion in the land defence segment with the scale and capabilities also to compete at a global level. On 7th February 2025, Iveco Group announced that it would separate its Defence Business from its commercial vehicles business in order to provide both with greater focus and strategic flexibility. The landmark transaction announced today means that the employees of IDV and ASTRA will become an integral part of a significantly larger business, that will be better able to invest and compete in a segment whose strategic importance is paramount. By combining IDV and ASTRA's mobility solutions and protected platforms with Leonardo's advanced systems, the partnership will deliver full-spectrum, land defence capabilities for Italy, Europe and at a global level. The transaction is expected to be complete no later than 31st March 2026, subject to customary regulatory approvals and carve-out completion. On completion, Iveco Group intends to distribute the net proceeds of the transaction, subject to closing adjustments, to shareholders via an extraordinary dividend. Olof Persson, CEO of Iveco Group, commented: 'This agreement propels Iveco Group's Defence Business into its proper dimension as a key contributor alongside Leonardo in the creation of a focused, world-class player in land defence activities. Our colleagues in the Defence Business will become part of a group with the scale and integrated capabilities to compete on all levels and for all platforms, with all the positive potential for innovation and continuous development.' In the context of the transaction, Goldman Sachs Bank Europe SE, Succursale Italia acted as financial advisor and Freshfields acted as legal advisor to Iveco Group. Iveco Group Defence Business: Iveco Defence Vehicles (IDV) and ASTRA are leading providers of military mobility, protection capability, uncrewed applications and purpose-built vehicles, with a portfolio spanning armoured, amphibious, trucks and multirole vehicles. With 6 production sites and 9 commercial offices globally, Iveco Group Defence Business generated revenues of €1.1 billion in 2024. Iveco Group N.V. (EXM: IVG) is the home of unique people and brands that power your business and mission to advance a more sustainable society. The seven brands are each a major force in its specific business: IVECO, a pioneering commercial vehicles brand that designs, manufactures, and markets heavy, medium, and light-duty trucks; FPT Industrial, a global leader in a vast array of advanced powertrain technologies in the agriculture, construction, marine, power generation, and commercial vehicles sectors; IVECO BUS and HEULIEZ, mass-transit and premium bus and coach brands; IDV, for highly specialised defence and civil protection equipment; ASTRA, a leader in large-scale heavy-duty quarry and construction vehicles; and IVECO CAPITAL, the financing arm which supports them all. Iveco Group employs 36,000 people around the world and has 19 industrial sites and 30 R&D centres. Further information is available on the Company's website Media Contacts: Francesco Polsinelli, Tel: +39 335 1776091 Fabio Lepore, Tel: +39 335 7469007 E-mail: mediarelations@ Investor Relations: Federico Donati, Tel: +39 011 0073539 E-mail: Attachment
Newsweek
29-07-2025
- Sport
- Newsweek
How to Watch Brazil vs Uruguay: Live Stream Copa América Femenina 2025 Semifinal, TV Channel
Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content. Brazil faces Uruguay in the semifinals of the 2025 Copa América Femenina on Tuesday night. With a spot in the championship match on the line, two of South America's top women's national teams are set to battle it out under the lights in what promises to be an exciting match. Colombia's defender #03 Daniela Arias and Brazil's forward #21 Dudinha fight for the ball during the Women's Copa America 2025 football match between Brazil and Colombia at the IDV stadium in Quito on July 25,... Colombia's defender #03 Daniela Arias and Brazil's forward #21 Dudinha fight for the ball during the Women's Copa America 2025 football match between Brazil and Colombia at the IDV stadium in Quito on July 25, 2025. More Photo by RODRIGO BUENDIA/AFP via Getty Images How to Watch Brazil vs Uruguay Date: Tuesday, July 29, 2025 Time: 7:55 PM EDT Channel: FOX Sports 1 Stream: Fubo (Watch now!) Brazil enters the semifinals after finishing at the top of Group B with a 3-0-1 record. The lone blemish came in a scoreless draw against Colombia on July 25. Historically, Brazil has dominated the Copa América Femenina, winning the tournament eight out of nine times, including each of the last four editions. Their record in the competition is a staggering 47 wins in 50 matches, underscoring their status as the team to beat. Uruguay, on the other hand, is writing a new chapter in its women's football history. The squad finished second in Group A behind Argentina, with a solid 2-1-1 record. This marks Uruguay's best performance in years—its two victories in the group stage are its most in a single tournament since 2014. Uruguay has never reached the Copa América final and has only once made it past the group stage, finishing third in 2006. Tuesday's semifinal presents a golden opportunity for the team to make history. The winner of this game will move on to the final on Saturday, where it will face Colombia, which beat Argentina on penalty kicks 5-4 after neither side scored a goal in Monday night's semifinals game. Live stream the Copa América Femenina on Fubo this year. With games airing on FOX Sports 1 and FOX Sports 2, you'll have a chance to watch many of the top women's soccer players in the world compete in the event, which takes place in Ecuador. In 2022, Brazil won its eighth title in this event while Colombia finished second. Live stream Brazil vs Uruguay with Fubo: Start your subscription now! Regional restrictions may apply. If you purchase a product or register for an account through one of the links on our site, we may receive compensation.
Business Wire
10-06-2025
- Business
- Business Wire
KuppingerCole Recognizes Regula as One of the Innovation Leaders in Identity Verification
RESTON, Va.--(BUSINESS WIRE)-- Regula, a global developer of forensic devices and identity verification (IDV) solutions, has made its inaugural appearance in the KuppingerCole Leadership Compass for Identity Verification 2025. Mentioned in the Innovation Leaders category, the company is recognized for its 100% in-house R&D, forensic-grade technology, global document coverage, and advanced liveness detection capabilities. Regula debuts in KuppingerCole's Leadership Compass, named an Innovation Leader for its powerful in-house verification tech and global ID coverage. Share Specializing in IDV and cybersecurity industry analysis, KuppingerCole forecasts that the global IDV market will grow from $18.4 billion in 2025 to $50.07 billion by 2030, driven by increasing identity fraud, compliance requirements, user expectations, and technological advancements. As identity verification rapidly shifts toward fully remote and automated environments, innovation has become a key differentiator. According to KuppingerCole, innovation leaders in IDV are defined by taking a customer-oriented upgrade approach, delivering customer-requested and forward-thinking features, while ensuring seamless compatibility with existing systems. Positioning Regula in the Innovation Leaders category, KuppingerCole analysts highlight: 'Regula's products are mature and often used to supplement other identity verification vendors' offerings. While not as feature complete as other offerings, Regula is a best-of-breed document and biometric verification solution with strong global coverage. With expertise across diverse industries and a global reach, Regula is positioned as a verification provider with in-house expertise for adaptable and scalable solutions.' In their Leadership Compass, KuppingerCole analysts pay special attention to the fact that IDV vendors have in-house technology development, strong data privacy policies, wide geographical coverage for their ID databases, and automation and machine learning (ML) to facilitate processes and user experience. On these fronts, Regula stands out by: Best-of-breed on-premises document and biometric verification solution. Comprehensive ID template database made of 15,000+ templates from 252 countries and territories. In-house R&D capabilities with significant domain-specific expertise. Advanced liveness detection technology supporting enhanced security. A mature organization with products often used to supplement other IDV vendor offerings. At the heart of Regula's recognition are its flagship software products, which serve clients in finance, government, healthcare, education, aviation, and more. Regula Document Reader SDK provides automated reading and comprehensive verification of all types of identity documents. It reads data in all document zones, verifies security features—including dynamic ones such as holograms—and cross-checks all the data to spot forgery. For biometric checks, Regula Face SDK enables real-time face matching, image quality assessment, and both passive and active liveness detection—the latter tested and certified under iBeta's Presentation Attack Detection (PAD) Level 1 and 2. The solution supports 1:1 face matching and 1:n face identification with advanced spoof detection via texture and movement analysis, using both 2D and 3D methods. Importantly, Regula's solutions are designed for privacy-first deployments. All biometric templates are managed locally by the customer, with no data processed or stored by Regula. The face-matching algorithms undergo continuous testing and are benchmarked through programs like the NIST Face Recognition Vendor Test (FRVT). 'Being named an Innovation Leader by KuppingerCole is a significant milestone for us. It highlights our decades-long commitment to building all our solutions in-house, from document verification to biometrics, and doing so with the precision and trustworthiness that customers demand. As identity verification principles and standards rapidly evolve, our focus remains the same: delivering technology that's not only robust but also deeply practical, scalable, and privacy-conscious,' says Ihar Kliashchou, Chief Technology Officer at Regula. Recently, Regula has: Introduced personal data masking across all its solutions. Become the first IDV vendor that enables verification of all dynamic security features in IDs in remote scenarios. Made its software compatible with most ID readers on the market. The full copy of the KuppingerCole Leadership Compass for Identity Verification is available on the official website. To learn more about Regula's technologies, visit the company's website. About KuppingerCole Founded in 2004, KuppingerCole is a global, independent analyst organization headquartered in Europe. We specialize in providing vendor-neutral advice, expertise, thought leadership, and practical relevance in Cybersecurity, Digital Identity & IAM (Identity and Access Management), Cloud Risk and Security, and Artificial Intelligence, as well as technologies enabling Digital Transformation. We assist companies, corporate users, integrators, and software manufacturers to address both tactical and strategic challenges by making better decisions for their business success. Balancing immediate implementation with long-term viability is central to our philosophy. For further information, please contact clients@ About Regula Regula is a global developer of forensic devices and identity verification solutions. With our 30+ years of experience in forensic research and the most comprehensive library of document templates in the world, we create breakthrough technologies for document and biometric verification. Our hardware and software solutions allow over 1,000 organizations and 80 border control authorities globally to provide top-notch client service without compromising safety, security, or speed. Regula has been repeatedly named a Representative Vendor in the Gartner® Market Guide for Identity Verification.
