BUSINESS
Ashwini Vaishnaw counters Raghuram Rajan, says local value addition in IT hardware can go up to 48%
The Rs 17,000 crore PLI scheme for IT hardware gives extra incentives to manufacturers for domestic procurement of components, rather than depending on imports
BUSINESS
IT hardware PLI: Eleventh-hour rush takes number of applicants to 38
Government gets six fresh applications in the last few hours before window closes at midnight on August 30 for Rs 17,000 crore production-linked incentive scheme
BUSINESS
Govt gets 32 proposals from likes of Dell, Foxconn, Lenovo, Asus for Rs 17,000 crore IT hardware incentive scheme: Ashwini Vaishnaw
While Apple has not yet submitted an application for the laptop and tablet production incentive scheme, the company is expected to start making such computing devices in India in the future
BUSINESS
Real income of food delivery workers drops as prices rise
A study found that more than a third of food delivery workers have a graduate degree, and this number rose to 39.7 percent in tier-2 cities.
BUSINESS
India’s small-town startups more resilient to funding winter than big-city counterparts
The funding winter has served as a great leveller—the average deal size in tier 2 and tier 3 geography startups is now at Rs 42 crore, almost matching the Rs 43 crore level of tier 1 city startups
BUSINESS
PhonePe processes 5 billion transactions in a month for the first time in July quarter
Flipkart showed strong GMV and ad sales growth as the core business continues to perform well, says top Walmart executive
BUSINESS
Government cracks down on fraudulent phone calls, prohibits bulk SIM card connections
Telecom minister Ashwini Vaishnaw said that the government has blocked 66,000 fraudulent WhatsApp accounts, blacklisted 67,000 SIM card dealers, registered 300 FIRs against fraudsters and blocked 8 lakh payment wallet accounts for fraudulent transactions.
BUSINESS
Bullish on India | Startup ESOP cashouts hit $1.5 billion over 3 years
ESOPs turn into real bank balance for thousands of startup employees despite a taxation regime that is seen as adverse to availing of share-based compensation
BUSINESS
MC Exclusive | Laptop, tablet import curbs to ensure trusted supply chain for digital economy, says Rajeev Chandrasekhar
The government will work out a plan with industry so that there is no disruption due to the policy, Minister of State for Electronics and Information Technology has said
BUSINESS
MC Exclusive | Platforms can’t pass the buck for data breaches to cloud service providers, says Rajeev Chandrasekhar
‘We have made it very clear that we will not go looking around for who's liable for the breach. It will be the platform regardless of how many other data processors the platform uses,’ the Union Minister says
BUSINESS
MC Exclusive | Data Protection Board will not be a regulator like RBI or Sebi, says Rajeev Chandrasekhar
Whether it has to be independent or not independent is an extraneous debate, says Minister of State for Electronics and Information Technology
BUSINESS
Govt, industry have started work on implementation of data protection law: Ashwini Vaishnaw
Sectoral regulations will supersede Digital Personal Data Protection's provisions in case of conflict, says Union Minister for Electronics and Information Technology.
BUSINESS
MC Exclusive | Govt won't have unfettered access to citizens' personal data, says Rajeev Chandrasekhar
Don't expect law enforcement to knock door of terrorist for consent, says Minister of State for electronics and information technology.
BUSINESS
Govt to incubate 'Aatmanirbhar' web browsers that compete with Google Chrome, Mozilla Firefox
According to sources, the government sees this programme as giving it bargaining power to convince major US browser companies like Google and Mozilla Firefox to include the country's web security certification authority in their 'trust stores'.
BUSINESS
After noisy foray into food, ONDC marks fintech push with blueprint of credit, gift card purchases
Buying and selling of gift cards, personal loans and invoice-based credit feature in the first draft of specifications for financial services on ONDC. The specifications will be finalised in two or three weeks based on the feedback
BUSINESS
GSAT24, India's first 'demand-driven' satellite, to start beaming TV channels for TataPlay
GSAT-24 is a 24-Ku band communication satellite weighing 4,180 kg with pan-India coverage for meeting DTH application needs
BUSINESS
Chandrayaan 3 landing process on track, alternative plans in place in case of difficulties: Isro Chairman
The successful soft landing on the surface of the Moon would make India the fourth country in the world to achieve such a significant technological capability
BUSINESS
ONDC sees orders from 620 cities, plans to double down on Tier 2 and 3 geographies
At least 24 cities have seen more than 100 orders twice in a week in the last few months
BUSINESS
DPDP Bill strikes fine balance between individual’s privacy and business innovation, says industry
As the landmark Digital Personal Data Protection Bill gets tabled in Parliament, industry experts laud the legislation for being better than GDPR — from cross border data flows to children’s safety. Here’s why
BUSINESS
Devil in the details: How Zomato didn’t turn in a profit before tax, but a profit after tax
A critical tax provision helped Zomato PAT its own back. Of course, Zomato has upped its game in terms of operational efficiencies. For example, its delivery costs aren't rising as fast as its revenue is scaling.
BUSINESS
Blinkit will deliver more value to shareholders than Zomato in 10 years: Deepinder Goyal
Zomato's quick commerce bet enters positive unit economics territory, aims to become operationally profitable in next 4 quarters
BUSINESS
DPDP bill: Govt proposes Rs 25 crore one-time expense to set up Data Protection Board, annual expenditure of Rs 10 crore
The Data Protection Board has been given the power to advise the Central government to block digital platforms.
BUSINESS
India needs more than govt funding to become chipmaking hub: Chip War author Chris Miller
The West's massive chip subsidies are not a signal of de-globalisation, but an effort to remove China from the cutting edge of semiconductor technology, argues economic historian Chris Miller in an exclusive interview with Moneycontrol
BUSINESS
ONDC sells 10,000 kilos of tomato in Delhi in a week; crosses 1.1 million retail orders
ONDC plans to run the initiative for at least one more week and the tomato orders would continue to be delivered at zero delivery fees.
