Digital Companies

The government may undertake a market study to establish a solid foundation for ex-ante regulations under draft Digital Competition Bill, said Harsh Malhotra, Minister of State for Corporate Affairs

Techfino to use fresh funding from Stellaris and Saison Capital to scale secured loans, expand branches, and boost tech-led lending in underserved MSME markets

Company will use investment to expand business, product innovation and hiring

Digital commerce in electronics and durables is expected to grow three times from $24-26 billion in 2022 to $70-72 billion in 2030

Committee also seeks status of the proposed digital competition law

Minister of State for Corporate Affairs said while strict interventions were required to enforce the law, self-regulation and compliance should also be promoted

Continuous investment in digital infrastructure, including data centres and high-speed internet, along with policy support, has propelled India's services exports to a "historic" milestone of USD 34.31 billion in October, a commerce ministry official said. The official said India has established itself as a global leader in digitally delivered services exports, leveraging its robust IT sector and skilled workforce. Services traded through computer networks, such as the internet, apps, emails, and digital intermediation platforms, have grown exponentially. "India's services sector reached a historic milestone in October 2024, recording an all-time high in monthly exports of USD 34.31 billion, a 22.3 per cent increase compared to October 2023," the official added. The key enabling factors that are helping the sector's growth included continuous investment in digital infrastructure, such as data centres and high-speed internet connectivity; initiatives like Digital India that have ...

Similar to other food aggregator applications such as Zomato and Swiggy, customers using the feature would be able to track their orders on a real-time basis

Meesho has distinguished itself from its peers by becoming a prominent choice among the younger generation, with one in every three users under the age of 25.

The proposed legislation will be in addition to the proposed Digital Competition Bill, for which public consultations have already been completed

Sundaresan also added that they are working with TPG on a plan that will allow Altimetrik to tap into these opportunities

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Waid discusses the pivotal role India will play in FICO's technological advancements and the company's plans to expand its operations, including enlarging its R&D team in the country

Union Minister of State for Electronics and Information Technology Rajeev Chandrasekhar on Thursday said the Digital Personal Data Protection Act (DPDP Act) passed by Parliament recently will make digital companies handle the data of Indian citizens under absolute legal obligation. Calling the law an important milestone in the cyber law framework, Chandrasekhar said there will be punitive consequences of high penalty and even blocking them from operating in India. "The Digital Personal Data Protection Act that was passed by Parliament a few days ago is a very important milestone in the global standard cyber law framework that Prime Minister Narendra Modi wanted to build for the India Techade' (a decade of technology) for a trillion dollar digital economy," the union minister told PTI. The DPDP Bill is aimed at giving Indian citizens a right to have his or her data protected and casts obligations on all companies, all platforms be it foreign or Indian, small or big, to ensure that th

Several Indian startup founders have recently criticized IAMAI for allegedly promoting "pro-foreign" big tech views on government regulations and other contentious matters

"The whole idea behind the law is to protect the startups and small businesses from abuse of dominance of the big tech"

Digital map company CE Info Systems, which operates under MapMyIndia brand name, posted nearly 18% increase in its consolidated profit at Rs 24.2 crore in the April-June quarter of FY23.

The SIDIs would have to submit a report to the CCI every year describing the measures implemented to fulfill their obligations

To curb anti-competitive practices in digital markets, a Parliamentary panel on Thursday proposed ex-ante regulations, category of systemically important digital intermediaries and a new digital competition law. Besides, the committee has asked digital market entities to desist from "anti-steering", "deep discounting", "self preferencing", "search & ranking preferencing" and other practices that will impact competition in the market. The suggestions are part of the Standing Committee on Finance's report on 'Anti-Competitive Practices by Big Tech Companies' tabled in Parliament on Thursday and comes against the backdrop of rising concerns over unfair business practices in digital markets. In its report, the panel has mentioned about the peculiar challenge posed by the winner-take-all markets where winners emerge within 3-5 years after the market starts to develop and the market tips in one direction by the time policies are formulated. "Therefore, the committee recommends that ...

Experts say AR/VR tech has yet to mature; also, immersive experiences with 360° video applications require a lot of data