BUSINESS
Geopolitical conflicts contributed to 53% increase in ransomware attacks on India in 2022: CERT-In
In the India Ransomware Report 2022, CERT-In warned that the use of ransomwares in geo-political conflicts will only increase when it becomes "becomes an arsenal for cyberwarfares"
BUSINESS
Centre issues alert as Indonesian hacker group targets 12,000 Indian websites
The alert also said that the hacktivist group had released a list of government websites that it claims to be targeting, which included state and Central government websites.
BUSINESS
CDS Gen Anil Chauhan calls for safeguarding India’s assets in space
The Chief of Defence Staff called for enhancing the country's space situational awareness, which means to understand the orbital environment better, with accurate data on space radiation and where each object is located.
BUSINESS
Kunal Kamra moves Bombay HC against government's amendment to IT Rules on content fact-checking
The Bombay High Court directed the Ministry of Electronics and Information Technology to explain why the IT Rules 2023 should not be stayed and to "describe the factual background that necessitated the issuance of the amendments."
BUSINESS
Short-term pain but long-term opportunities: How Indian space tech ecosystem is tackling global inflationary trends
There has been a rise in launch prices globally, driven by a tight launch market. For Indian space tech start-ups, which are facing difficulty in obtaining funds from foreign VCs, new financial mechanisms could prove to be the saviour.
BUSINESS
Fact-checking government content: Lawyers acknowledge clarity in IT Rules, media and digital rights groups slam govt for censorship
On April 6, government notified the IT Rules 2023, stating that government will appoint an organisation to fact check content related to the government.
BUSINESS
Bengaluru-based Pixxel eyes India's defence for application of its hyperspectral imagery satellites
Last week, United States' National Reconnaissance Office (NRO) awarded Pixxel a 5-year contract for providing them with hyperspectral imagery (HSI)- enabled remote sensing capabilities via modeling and simulation and data evaluation
BUSINESS
Deep tech investor Speciale Invest to focus on Series A and above rounds with new growth fund
The fund has received approval from the Securities and Exchange Board of India (SEBI), and expects to close the corpus at $24.33 million (Rs 200 crore) in the next 3-4 months
BUSINESS
Skyroot Aerospace successfully tests rocket engine for Vikram II
The Hyderabad-based start-up, which last year became the first Indian company to launch a rocket into space, successfully test fired Dhawan II, a 3D printed rocket engine
TRENDS
All you need to know about Cyberabad Police's crackdown on data theft of 67 crore individuals
A Haryana resident was arrested by the police for allegedly being involved in stealing, holding and selling of personal and confidential data of 66.9 crore individuals and organizations belonging to 24 states and eight metropolitan cities.
BUSINESS
'PhonePe data safe': UPI platform after man held by Cyberabad cops for data theft
Apart from PhonePe, sensitive information about students enrolled with Byju's and Vedantu, users of financial apps such as Paytm, and CRED; and users of Amazon, Netflix, YouTube, Instagram and Zomato were also found to have been allegedly sold by the person arrested by Cyberabad Police
BUSINESS
Cyberabad police arrests Haryana man for selling confidential data of nearly 67 crore people
Sensitive information on students enrolled with Byju's and Vedantu, users of financial apps such as Paytm, Phonepe and CRED; users of Amazon, Netflix, YouTube, Instagram, Zomato and others were found in the accused's database, which he put up for sale, police said.
BUSINESS
Stakeholders air reservation over government's plan to remove safe harbour provisions in Digital India Act
Stakeholders in a discussion organised by Broadband India Forum hoped that the Digital India Act will bring reforms to India's surveillance mechanism
BUSINESS
Employees don't think about security, they come and go: Government's strict diktat on ensuring website security
The third version of the Guidelines for India Government Websites (GIGW 3.0) was jointly drafted by the National Informatics Centre, Indian Computer Emergency Response Team (CERT-In), and Standardisation Testing and Quality Certification (STQC).
BUSINESS
Conversational AI platform Uniphore sets sights on Europe for expansion
The IIT Madras-incubated company, founded in 2008, sells software for conversational analytics, conversational assistants and conversational security.
BUSINESS
Inside IIT Madras: Ace startup mentor Ashok Jhunjhunwala to retire next year, says work still unfinished
IIT Madras Research Park president Ashok Jhunjhunwala is set to step down from the executive role of IIT Madras Research Park in 2024. However, he hopes to keep pushing youngsters to do more.
BUSINESS
Bengaluru's Pixxel wins contract to develop space tech for US surveillance body
Bengaluru-based space tech start-up Pixxel will equip United States' National Reconnaisance Office (NRO), a Department of Defence surveillance and intelligence body, with hyperspectral imagery-enabled remote sensing capabilities
BUSINESS
Inside IIT Madras: Ace startup mentor Ashok Jhunjhunwala says entrepreneurs must be ready to fail multiple times
The renowned academic advised them to be ready to fail multiple times, be realistic that they would not be able to draw any salaries at first, and develop skills in multiple domains in order to make it big as entrepreneurs.
BUSINESS
Inside IIT Madras: Meet the professor who is cofounder of 6 deep-tech startups
Satyanarayanan Chakravarthy is one of almost 100 faculty members of IIT Madras who is involved in entrepreneurship and startups.
BUSINESS
Inside IIT Madras: Institute may work on regional alternative to ChatGPT, says director V Kamakoti
In an interview with Moneycontrol, Kamakoti said a ChatGPT alternative is possible by leveraging data from the government’s Swayam platform
BUSINESS
Inside IIT Madras: Big industry prefers Chinese chips over Indian
The biggest issue IIT Madras-made Shakti faces is that it’s unproven, has less mindshare, and lacks scale, say industry watchers, and add that sometimes great engineers need great marketers
BUSINESS
Inside IIT Madras: What makes the institute's ecosystem a deep tech haven
Over the last two decades, the faculty at IIT Madras took a conscious decision to concentrate more on translational research -- to focus not just on research but also on commercialisation. This and the subsequent establishment of the IIT-M Research Park has resulted in the incubation of over 200 deep tech companies, whose valuation run over Rs 50,000 crore.
BUSINESS
IN-SPACe announces Rs 1 crore seed fund scheme for early space tech start-ups
Indian National Space Promotion and Authorization Centre (IN-SPACe) has come up with this scheme to address the issue of funds crunch that early stage space tech start-ups face as financial institutions or commercials banks do not come forward due to lack of clarity on future prospect
BUSINESS
Inside IIT Madras: Institute working on AI solution for text to speech translation of Indian languages
IIT Madras director V Kamakoti said that researchers working at the Nilekani Centre at AI4Bharat have developed a 9-language text to text translator, and that they are working on converting translated text into speech.
