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Usage of mobile technology in financial service will help the financial inclusion initiative and enhance delivery systems, said the D&B report on the BFSI sector.
The Indian cyber security agency has issued a warning against 'Royal ransomware' virus that attacks critical sectors like communications, healthcare, education and even individuals and seeks pay-off in Bitcoins for not leaking personal data in the public domain.
With digital adoption fast gaining currency, India is likely to see retail digital payments double to $7 trillion by 2030 from current levels, a study by Kearney and Amazon Pay said. In the report 'How Urban India Pays', Kearney-Amazon Pay said strong adoption of digital payments in online purchases has potentially led to a permanent shift in consumer behaviours, fuelling offline adoption as well.
As per the new guidelines, internet services will be provided on the device's flight mode and will be available 10,000 feet above sea level or before arrival or after departure.
Critics say the programme, launched 10 months ago in India in collaboration with operator Reliance Communications, violates principles of net neutrality
The advent of artificial intelligence, blockchain technology and cryptocurrencies, and the increasing use of Internet of Things devices throw techno-legal challenges regarding privacy and security. Experts say, any expansion of power to the government to block web-services is detrimental to the interests of users, innovation, and India's larger technology ecosystem. The move to block the mobile apps is likely to have a lasting impact on the data security and privacy framework.
HDFC Bank on Thursday said network outages that led to a regulatory ban on new credit card sales were not due to transaction volumes, and affirmed that it continues to stay in touch with the RBI for restarting the services but giving a timeline for it will be difficult. The bank said it is on its way to creating a new technology architecture for the future as part of the "digital factory" and "enterprise factory" initiative. But, it conceded that outages will continue under the older system though it will be working to minimise the time taken to bring the service back. In December 2020, the RBI took the unprecedented step of stopping the largest private sector lender from selling any new credit cards and also launching new digital services, because of a series of network outages.
After disappointing guidances in the first quarter (Apr-Jun) of the 2023-24 financial year (Q1FY24) and valuation downgrades, the Indian IT sector could see some positive repricing as the bad news for IT maybe easing in Q2FY24. A key negative factor was weaker demand from the US financial sector and from North America in general. The latest GDP (gross domestic product) estimates and sector-specific news suggest that the demand situation may not be quite so bad with a gradual recovery in tech spending in Q2.
Pakistan blocked the website of Al-Jazeera on Tuesday after it leaked a controversial report about Al Qaeda leader Osama bin Laden's decade-long stay in the country before he was killed by United States special forces at his Abbottabad hideout.
Within days of announcing mega investments for building in Hyderabad its second data centre cluster in India, Amazon Web Services (AWS) on Monday said it is excited about the India market, where cloud adoption offers massive headroom for growth. Pledging its long-term commitment to the India market, AWS, Amazon's cloud computing unit, said it expects global uncertainties to accelerate the decisions by companies to opt for flexible, on-demand cloud infrastructure to pare costs, gain efficiencies and drive business innovation. "Cloud reacts well to uncertainty," Puneet Chandok, president - commercial business, AWS India and South Asia, Amazon Internet Services Pvt Ltd (AISPL) told PTI.
The ATRs have been sought on a range of matters within four weeks, the officials said.
Though markets and commercial establishments remained shut and students stayed away from schools.
Reliance Jio Infocomm has moved the Bombay High Court seeking approval for amalgamating its long distance services arm Infotel with itself.
Winter Games in Beijing has glaring security problems that could expose sensitive data to interception, according to a report
Not only is the number of native language users set to grow faster than English users over the next five years, these users are more likely to lead a more active digital life. Arundhuti Dasgupta & Urvi Malvania find out how brands are rethinking digital marketing plans to accommodate this.
Facing flak over blocking of 857 websites, the government on Tuesday reviewed its order and decided to lift ban on those sites which did not contain pornographic material but had still faced action.
In fresh violence in Manipur, two houses were torched by a mob in Imphal East district after two armed miscreants forced people to shut their shops on Monday afternoon, police officials said.
Kerala Chief Minister Pinarayi Vijayan on Thursday declared the southern state as India's first fully e-governed state where an entire range of government services have been digitised so that they can be provided to the citizens promptly and transparently.
It will take years for faster Internet to reach this population and those who aren't even connected so far
In a breakthrough, scientists in the UK have achieved the "fastest ever" broadband speeds of 1.4 terabits per second - enough to transmit 44 high-definition movies at once.
A crown of thorns awaits the next telecom minister at Sanchar Bhawan as the new incumbent will have to address a host of tricky issues like industry infighting, tariffs and improving financial health of the Rs 2.3 lakh crore industry.
The court said it saw no merit in the petitions of Facebook and WhatsApp to interdict the investigation directed by the Competition Commission of India.
The Twitter handles of Rahul Gandhi and the Congress which were recently hacked were operated from five countries including the United States, Delhi Police said on Wednesday.
Several legislators cutting across party lines in Maharashtra on Thursday staged an agitation outside the Mantralaya, the state secretariat in south Mumbai, in support of the demand for reservation to the Maratha community.
Cable TV operators can register under the Cable Television Network (Regulation) Act, 1995, to provide Internet Protocol Television services without requiring any licence, the Telecom Regulatory Authority of India has said. In its recommendations, TRAI has also said that the IPTV operators are required to register as cable operators to provide services in the country.
Seven companies, including lifestyle retail brand FabIndia and specialty chemical company Aether Industries, have received capital markets regulator Sebi's go-ahead to raise funds through initial share sales. Syrma SGS Technology, Asianet Satellite Communications, Sanathan Textiles, Capillary Technologies India and Harsha Engineers International too received the watchdog's nod to float Initial Public Offerings (IPOs). These companies, which filed their preliminary IPO papers with Sebi during December 2021 and February 2022, obtained observations during April 27-30, an update with the regulator showed on Monday.
Concerned over the series of attacks on mobile phone towers in the valley, the Centre also issued an advisory to the state government.
Bharti Global is planning to put up more satellites and has set a stiff deadline to launch commercial Internet services by October in the UK, Alaska, northern Russia and northern Europe.
Several major websites across the world, including the UK government's Gov.Uk website, crashed for some time on Tuesday due to an outage at global website hosting service Fastly.
'We emphasise the importance of not basing investment decisions solely on electoral outcomes.' 'Instead, focusing on investing in high-quality businesses capable of prospering regardless of the political landscape is paramount.'
Ailing telecom operator Vodafone Idea has flagged the industry's "unsustainable financial duress" in its latest annual report and hoped that the government would provide the necessary support to address "all structural issues" faced by the sector. In the chairman's letter to shareholders, Himanshu Kapania cited persistent challenges in the operating environment, amid "unsustainable pricing" and "hyper-competition" during FY21. Kapania expressed hope that government will support efforts to generate reasonable returns on massive investments.
WhatsApp will not delete any account for not accepting its new privacy update, but users not agreeing to the controversial terms after "several weeks" will not be able to access their chat list, and eventually, will not be able to answer incoming phone or video calls over the app.
It would be ludicrous to expect Modi, Erdogan or Biden to pay to keep blue ticks on their respective official accounts. It would be equally ludicrous to expect the Delhi Metro or the Income Tax Department to pay, points out Devangshu Datta.
VIL has countered Trai's contention that the RedX plan, which commits higher speeds, should have been informed separately so different aspects could have been examined before such service was launched.
Close to 5 lakh passengers travelling via the New Delhi railway station, the busiest in the country, will now be able to connect to the internet through the Wi-Fi service, which was launched at the station.
NavIC consists of a constellation of seven satellites and a network of ground stations and is touted to be more accurate than GPS.
Nearly two million e-mandates for recurring payments have been registered with banks and card networks after the Reserve Bank of India (RBI) made it mandatory from October 1 to take prior consent of a customer before debiting her account, sources in know of the matter said. Industry estimates peg the recurring transactions at approximately 2.5 per cent of the total volume of transactions, and about 1.5 per cent in terms of value. Of these, around 75 per cent of domestic recurring transactions, and about 85 per cent international recurring payments are below Rs 5,000.
Telecom operators stressed that differential pricing for data is necessary for growth.
In a breakthrough that could end the political uncertainty in Pakistan, the Pakistan Muslim League-Nawaz and the Pakistan Peoples Party have agreed on a power-sharing deal to form a new coalition government after intense negotiations following a fractured poll verdict.
Tech Mahindra is building 5G use cases with US-based hospitals to help manage devices remotely and eventually manage remote surgeries that will require seamless network connectivity.
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