Page 10 - Information Technology

Crypto players see surge in activity after crackdown on global companies

The Financial Intelligence Unit (FIU) under the finance ministry issued the show cause notices to VDA platforms like Binance, the largest cryptocurrency exchange, and Kucoin last month

Govt officials, experts brainstorm on use of AI for grievance redressal

Senior government officials and industry experts discussed the use of artificial intelligence (AI) for redressal of public grievances and promotion of universalised face authentication processes for simplification of service delivery during a brainstorming session, said an official statement issued on Friday. The session -- 'Emerging and Future e-Governance Initiatives, e-Commerce Initiatives, and Emerging Technologies' -- was organised by the Department of Administrative Reforms and Public Grievances (DARPG) here on Thursday. The session marked a significant effort to promote knowledge exchange among key players in the realm of e-service delivery, e-governance and innovative technology implementation, said the statement issued by the Personnel Ministry. Fifteen domain experts and distinguished representatives from leading organisations, including Deloitte, PwC, Primus Partners, KPMG, QCI, and EY attended the session along with the Department of Administrative Reforms and Public ...

MeitY unveils domain registration portal for educational institutions

Secretary Krishnan also inaugurated the new conference hall of ERNET India and interacted with officers and staff on the occasion

Deepfake issue: Govt will keep an eye on platforms' approach, says MoS IT

Terming the menace of deepfakes and misinformation as "a very problematic issue" for the Indian democracy, Union Minister Rajeev Chandrasekhar has said the government will "keep an eye" on the remedial measures taken by the platforms on the advisories. The minister also promised that inaction on their part may prompt amendment to the IT Rules that will be more "prescriptive". In an interview with PTI, Chandrasekhar, who is Minister of State for IT and Electronics, counted the Digital Personal Data Protection (DPDP) legislation, setting up of grievances appellate panels and tighter accountability enforced on digital platforms for user safety as being among the big achievements for 2023. Chandrasekhar, however, said that the Digital India Act (that will supersede the 22-year-old Information Technology Act) despite undergoing extensive pre-consultations "ran out of time" and termed it "an unfinished agenda". "...The Digital India Act which we put a lot of effort into...spent almost a

For salary hikes, IT firms now considering tenure along with performance

The IT majors are making changes in their pay increment structure to maintain margins at a time when the sector is going through a tough time globally

Here's how govt's PLI scheme is fuelling Dixon Technologies' global dreams

The pace of activity will only increase. Last week Dixon won a similar contract from Lenovo, the Chinese personal computer maker and the third largest information technology hardware brand in India

The world is not flat

Despite the illusions that ICTs have levelled the global playing field for companies and nations, the reality is quite the opposite

IT hiring easier than last year; founders hopeful of resumption in funding

Even as the technology sector witnessed a decline in funding across the globe, founders are hopeful that a 'warmer funding season' is on its way in 2024

Nifty IT logs biggest two-day gain since July 2020; Sensex soars past 71K

Bellwether stocks Tata Consultancy Services, Infosys, and HCL Technologies each witnessed a 5 per cent jump on Friday, accounting for over half of the market gains

Wipro inks three-year cloud migration deal with insurance company RSA

Wipro said it will help RSA build a "compliant, secure, and scalable IT infrastructure". The three-year engagement builds on Wipro and RSA's existing relationship, which began in 2016

GPAI summit 2023: Talks over AI declaration on, says Ashwini Vaishnaw

Talking about the summit, Vaishnaw said, "This (GPAI) will be a very large congregation attended by startups, policymakers, academia, and others"

Esconet Tech aims 3-fold jump in revenue to Rs 300 crore by March 2026

IT solution firm Esconet Technologies Ltd is aiming to achieve a three-fold jump in revenue to Rs 300 crore by March 2026 and plans to launch a public issue to raise funds for expansion. The company posted a revenue of Rs 94.97 crore and a Profit After Tax (PAT) of Rs 3.03 crore in 2022-23. In the first half of this year, the company posted a revenue of Rs 71.46 crore and a PAT of Rs 3.05 crore. In a statement, Esconet said it plans to expand its manufacturing capacity comprising high-end servers, workstations and storage systems. It is also expanding its Private Cloud vertical, further strengthening its integrated solutions offerings. "To meet the capex and working capital needs to support expanding operations, the company plans to tap the capital markets -- through listing on NSE Emerge," the company said. Corporate Capital Ventures has been appointed as the book running lead manager to the issue. "Driven by unwavering commitment in providing innovative and reliable solutions to

Mobile manufacturing to hit $50 billion in FY24: Ashwini Vaishnaw

Overall, electronic exports from the country stood at $15.77 billion in FY24. In the previous year, this was $28 billion

Need guardrails to ensure that AI can never be misused: Chandrasekhar

"We see AI as a kinetic enabler for the $1 trillion digital economy goal that we set for ourselves as a nation. So, it's a very big deal for us," said Chandrasekhar

Mobile phone PLI has created 500k incremental jobs: Ashwini Vaishnaw

As many as 5,000 people will work to manufacture smartphones and feature phones at a large scale in the new unit, Vaishnaw said

IT hiring slowdown to continue for 2-3 quarters, global slowdown to blame

Sekhar Garisa, CEO of foundit, said that companies do not need as many designers and content writers as before since technology can help make some of these jobs more efficient

GenAI can transform industries, only if applied responsibly: Rishad Premji

Premji also pointed out that human capital is the most important driver of social economic development and there is a need to continue to invest in world-class infrastructure

Small-town freshers learning new-age tech skills to crack IT sector jobs

More and more candidates are registering to learn these skills in hopes of finding better employment opportunities in an increasingly competitive job market

Capgemini to double data, AI teams to 60,000 in 3 yrs: Nisheeth Srivastava

'Leveraging our global data and AI campus, we will train most of our employees, starting with our data and AI teams'

Internet, tech can do harm if not regulated via prism of safety: MoS IT

Internet and technology - unless regulated carefully through the prism of safety and trust - have the power to harm users, Union Minister Rajeev Chandrasekhar said on Friday, adding that 'guardrails' have to be carefully developed without over-regulating innovation. The Minister of State for IT and Electronics said that while artificial intelligence (AI) is one of the biggest inventions of recent times, the government is committed to ensuring the safety of users on digital platforms, given that India is one of the largest connected nations in the world with almost 850 million Indians already using the internet and 1.2 billion estimated to do so by 2025-26. In a video message at the 'DATE with Tech' event, the minister also drew attention to the issue of deepfakes. "You have heard recently our Prime Minister call out the risks of deepfakes. We have all been aware, especially some of us from my generation, who always believe that technology is a great enabler and is a force for good,