Data breach case: US court approves Infosys McCamish's proposed $17.5 million settlement

A US court has granted final approval for Infosys McCamish's $17.5 million settlement in class action lawsuits stemming from a 2023 cybersecurity incident. The settlement resolves all allegations related to the breach, which Bank of America identified as originating from the Infosys subsidiary and affecting over 57,000 customers. The agreement becomes effective if no appeals are filed within 30 days.

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Commodity trade entry by banks, insurers on table

Sebi is collaborating with RBI and the insurance regulator to allow banks and insurance companies to participate in commodity derivatives markets. Working groups are also reviewing measures to deepen the Agri Commodity Derivatives ecosystem and optimize the regulatory framework for margins, position limits, and delivery mechanisms.

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