Anil Wadhwani, Chief Executive Officer, Prudential plc, said:...
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Meta fined €798 million by EU over abusing classified ads dominance
“Meta tied its online classified ads service Facebook Marketplace...
CCI restricts WhatsApp sharing data with other Meta entities, imposes $25.4 mln fine
"Sharing of user data collected on WhatsApp with other Meta...
Zoom to settle US privacy lawsuit for $85 mn
The suit charged that Zoom’s sharing of users’ personal data with Facebook, Google and LinkedIn was a breach of privacy for millions.
While Zoom denied wrongdoing, it did agree to improve its security practices.
e-RUPI will give new dimension to digital governance: PM Modi
Noting that if any organization wants to help persons in their treatment, education or for any other work, they will be able to give an eRUPI voucher instead of cash, he said it will ensure that the money given is used for the work for which the amount was given. The Prime Minister noted that technology is bringing transparency and integrity in transactions and creating new opportunities.
Tata Motors looking at measures to offset impact of semiconductor shortage
“Yes, we are definitely impacted because of uncertainty of supplies but so far we have been able to manage somehow,” Tata Motors President Passenger Vehicles Business Unit (PVBU) Shailesh Chandra told PTI when asked if the company was facing issues in its production activities due to semiconductor shortage.
“We are looking for alternate semiconductors and at times procuring directly from stockists. We are also trying to see if a more standard chip can be used in certain components where we are facing stress. Besides, we are looking at trim mix so that we don’t lose on the sales,” he added.
RBI’s new rules on interchange fee, 24/7 bulk clearing facility functional
National Automated Clearing House (NACH) has been made available on all days of the week, effective August 1, 2021.
NACH, a bulk payment system operated by the National Payments Corporation of India (NPCI) facilitates one-to-many credit transfers such as payment of dividend, interest, salary and pension.
It also facilitates collection of payments pertaining to electricity, gas, telephone, water, periodic instalments towards loans, investments in mutual funds and insurance premium.
Simplified patent, copyright registration helping India become an innovation hub: Piyush Goyal
The number of patents granted has gone up from 6,326 in 2015-16 to 28,391 in 2020-21, while Trade Marks registration has shot up from 65,045 in 2015-16 to 2,55,993 in 2020-21. Similarly, while 4,505 Copyrights were granted in 2015-16, a total of 16,402 were granted last fiscal, said the ministry.
Industry Minister Piyush Goyal reiterated the Government’s commitment to bolster the ecosystem of patents, design, trademarks, GI (Geographical Indication) systems; to encourage innovation, research and development in the country and bring newer inventions and knowledge from India’s heritage systems to a global platform.
COAI warns mobile users against fraud messages, calls relating to KYC
COAI cautioned that mischievous elements are sending fake messages and calling people, threatening to block SIM cards. If the false directives are followed, it can potentially lead to privacy breach or financial or data loss, Cellular Operators’ Association of India (COAI) said.
“The messages and calls falsely claim that the customer’s KYC documents are incomplete, pending or expired. Receivers of such messages are falsely advised to call a particular number or download an app on their phones,” S P Kochhar, Director General of COAI said in a statement.
Rajnath Singh launches AI-based grievance analysis app
The Centralized Public Grievance Redress And Monitoring System is the platform based on web technology which primarily aims to enable submission of grievances by the aggrieved citizens from anywhere and anytime (24×7) basis to Ministries/Departments/Organisations who scrutinize and take action for speedy and favorable redress of these grievances.
Lloyd’s of London plans electric vehicle, hydrogen insurance in climate change fight
Lloyd’s will design insurance for electric vehicles which will cover a breakdown in internet connections, and look at ways to insure hydrogen transportation, it said in a report.
PM Modi launches website dedicated to AI, says will open way for AI-driven economy
“The Artificial Intelligence program, which has just been launched, will also make our youth future-oriented, opening the way for AI-driven economy. This will bring the digital revolution in the field of education,” he said.
Space Activities Bill under consideration to promote private players in sector
The Indian National Space Promotion and Authorization Centre (IN-SPACe) was created as an independent nodal agency under the Department of Space with the mandate of promoting, handholding, licensing, authorization and monitoring of private space activities in India. Access to Department of Space (DOS) facilities and expertise is extended to private entities to support their space activities.