TECHNOLOGY
Key defence body flags two loan apps, citing security risks for personnel data
Loan app CASHe, named in the CGDA advisory, denies all allegations, stating they don't request customer contact details.
BUSINESS
Budget 2024: Space tech industry urges govt to expand GST exemption to satellites, launch vehicles
The space industry has expressed the need for clarity on the FDI policy in the space sector, which is still pending release. This clarification is eagerly anticipated by the industry, which has witnessed increased investments from both domestic and foreign sources.
BUSINESS
What IT ministry's new draft roadmaps for cybersecurity in critical sectors say
Through the five draft roadmaps that MeitY has floated, the government has put a lot of emphasis on indigenisation of software and hardware in the mobile, IoT, cyber forensics, cryptography and quantum computing sectors
BUSINESS
Swipe left on unknown dating sites: MHA issues cyber security SoP as honey trap cases increase
In 2023, a Defence Research and Development Organisation official was arrested by the police for divulging secrets in a suspected case of honey trap
TECHNOLOGY
Davos 2024: PM Modi’s successful foreign policy will make India major semiconductor destination in 5 years, says Ashwini Vaishnaw
In an interview with Moneycontrol, Minister for Electronics and Information Technology Ashwini Vaishnaw said that the government will be investing in developing AI computing power and making it accessible to startups and MSMEs.
TECHNOLOGY
Davos 2024: Going forward India will have stronger regulations on deepfakes, says Ashwini Vaishnaw
With General Elections around the corner, IT Minister Ashwini Vaishnaw said that the government will work on the existing framework to tackle deepfakes.
BUSINESS
MeitY in talks with FinMin for tariff adjustments to boost mobile manufacturing
The Indian Cellular and Electronics Association (ICEA), in its recent report, highlighted that India has the highest tariffs of inputs in electronics manufacturing, which contradicts the government's policy objectives of building a local ecosystem and increasing domestic value addition.
SPACE
Space tech startup Pixxel inaugurates 30,000 sq ft satellite manufacturing facility in Bengaluru
At full capacity, the startup claims that the facility will be equipped to manufacture more than 20 satellites simultaneously that can be turned around within a timeframe of six months
TECHNOLOGY
eSIM apps crackdown: India imp market, working to ensure DoT compliance, says Airalo
Earlier, based on directions of the department of telecommunications, Google and Apple took down eSIM apps Holafly and Airalo from their respective app stores
TECHNOLOGY
Govt wants social media platforms to take legal action against users posting CSAM content
The government intends to invoke the "bystander rule" of the Protection of Children from Sexual Offences (POCSO) Act on social media platforms, according to people familiar with the matter.
TECHNOLOGY
Expect more FIRs against social media platforms, users on CSAM content: NCPCR chief
Earlier, based on directions of the National Commission for Protection of Child Rights (NCPCR), the Maharashtra Police registered an FIR against YouTube for hosting videos that portray "potentially indecent acts involving mothers and sons"
TECHNOLOGY
Exclusive: TikTok parent ByteDance to shut down music streaming service Resso in India on January 31
ByteDance's decision comes after Resso was removed from Google Play and Apple App Store following an order by the Indian government.
TECHNOLOGY
What are the government's AI Centres of Excellence, and what will the three of them do?
Approved with a financial outlay of Rs 990 crore from 2023-2028, the three centres have been set up in the sectors of healthcare, agriculture and sustainable cities
BUSINESS
Deepfakes: ShareChat aligns content policy with IT Rules, highlights legal ramifications for violations
In response to Indian government's call for stringent IT Rules compliance, and combatting deepfakes, social media platform ShareChat has updated its content policy
BUSINESS
Space tech startup PierSight raises $6 million from Alpha Wave, Elevation Capital
Headed by ex-ISRO scientist Gaurav Seth and Vinit Bansal, a former engineer at National Instruments, Piersight aims to tackle the challenge of constant ocean surveillance with multiple satellites
TECHNOLOGY
Government's 3 AI Centers of Excellence gains steam
As part of establishing three centers of excellence, Ministry of Education established a central project management unit in IIT Jammu.
TECHNOLOGY
SetinelOne to acquire cybersecurity startup PingSafe for around $100 million
SentinelOne will acquire PingSafe for an estimated $100 million, with about half in cash and half in stock, and the deal is expected to close in the first quarter of FY 2025, a client note by Barclays said
BUSINESS
Google removes foreign eSIM apps Holafly, Airalo amid DoT crackdown
The department of telecommunications asked Google and Apple to take down the apps as they were selling eSIM cards without permission
TECHNOLOGY
COAI suggests 4 to 5 large traffic generators pay fair share for telcos' network costs
On January 4, the Cellulars Operators Association of India (COAI) released a white paper comprising of five models which can be used to address the increasing network costs on telecom operators due to large traffic
TECHNOLOGY
DoT investigates Khalistani threat calls, asks Finance Ministry, SEBI to ensure cyber security of stock exchanges
The DoT has also directed international long distance operators to block incoming calls from the concerned international number.
BUSINESS
Invesco raises IPO-bound Swiggy's valuation for second time in a row to $8.3 billion
Other investors in Swiggy, such as US-based Baron Capital, have also adjusted the company's valuation in recent months.
BUSINESS
SentinelOne announces acquisition of Bengaluru-based cybersecurity startup Pingsafe
SentinelOne will acquire PingSafe for a combination of cash and stock and the acquisition is expected to close in SentinelOne’s first quarter of fiscal year 2025
TECHNOLOGY
MeitY looks to tap startups, IITs to develop safe AI
The ministry has invited science and technology educational institutions and startups to take up research and develop safe artificial intelligence tools
BUSINESS
Govt warns of threat actors using 'Mythic framework' to target Indian defence, research organisations
The Mythic framework provides a set of tools and a structure to create, deploy, and manage a Command and Control system for controlling a network of compromised computers.
