Page 11 - Information Technology

Govt to enable citizens to file FIR against social media companies

The government will assist citizens in filing FIR against social media platforms for violation of IT rules in case they are aggrieved from objectionable content like deep fakes. Minister of State for Electronics and IT Rajeev Chandrasekhar said the Ministry of Electronics and Information Technology (Meity) will develop a platform on which users can notify about IT rule violation by social media platforms. "Meity will assist users to very easily notify it about violation of IT rules and assist them in filing FIRs," the minister said. He was speaking to the media after a meeting with social media platforms. "From today onwards there is zero tolerance for violation of IT rules," Chandrasekhar said. The FIR will be registered against the intermediary and if they disclose the details from where the content has originated then the FIR will be filed against the entity that has posted the content, the minister said. He said that social media platforms have been given seven days time to al

Goa poised to become nurturing ground for startup creativity: IT minister

The Goa government will introduce a number of initiatives to provide support to startups as the state is poised to become a nurturing ground for startup creativity, a minister has said. Addressing the closing ceremony of three-day-long Tech Media Startup 2023 event on Thursday, Goa Information Technology Minister Rohan Khaunte also said the government's aim is to position the state as a premier startup destination in Asia. "Goa, with its vibrant spirit, is poised to become a nurturing ground for startup creativity. In the coming months, we will introduce a spectrum of initiatives to further catalyse business growth and provide startups with the support they need," he said. "Under the leadership of Chief Minister Pramod Sawant, the aim is to position Goa as a premier startup destination in Asia...The state's unique blend of natural beauty, cultural heritage and burgeoning entrepreneurial spirit sets the stage for the convergence of startups and information technology," he said. The

Amid muted earnings, Infosys to hand out 80% variable pay for Q2FY24

The IT sector has faced challenges as the Western markets have struggled with the possibility of a recession. Most clients for Indian IT companies are from the USA and Europe

1.39 million cyberattacks handled in 2022, phishing attacks rise: Cert-In

Among 1.39 million cyber security cases last year, vulnerable services made up 875,892 of the total incidents tackled by Cert-In

IT companies to diversify, draw 30% revenue from non-western mkt by 2030

Japan, Australia, and countries from West Asia will play a major role in this shift as they expand their share in the Indian IT outsourcing space

Regulated entities to follow new IT framework from April 2024: RBI

The framework will specify the roles and responsibilities of the board of Directors, board level Committee and Senior Management

Centre issues advisory for social media platforms regarding deepfakes

Deepfakes are videos creating delusion with the use of deep learning, AI, and photoshopping techniques to make images of fake events

Rashmika Mandanna's deepfake video goes viral, IT Minister issues warning

The video shows a woman wearing a black outfit entering a lift. However, her face changes to that of the actor Rashmika Mandanna in the deepfake video

Sonata Software surges 6% in weak market on healthy Q2, 1:1 bonus issue

The board also declared an interim dividend of Rs 7 per share (700 per cent on par value of Rs 1) for the financial year 2023-24

TCS to revise rates for staffing cos to enhance transparency, better talent

The changes in rate cards are for contract staffing employees and not for permanent employees. TCS is revamping its hiring mechanism

Power, building materials, IT stocks bear biggest brunt of FPI selloff

During the first fortnight of October, foreign portfolio investors (FPIs) withdrew Rs 2,069 crore from the power sector and around Rs 1,500 crore each from infrastructure and IT

MeitY to support development of AI chips under national programme

The Ministry also invited industry suggestions on its draft National Strategy on Robotics released last month

Sasken hits 52-week high; zooms 35% in one week after pact with Qualcomm

The company said its pact with Qualcomm marks a significant milestone in the realm of IoT innovation and underscores both firms' commitment in shaping the future of connected devices and services.

Stronger misinformation norms on the cards for social media companies

The committee members also expressed dissatisfaction with the inefficiencies and delays in redressing user grievances about the content on social media platforms

Stock of this industrial products company has zoomed 293% so far in 2023

Shares of Kaynes Technology India hit a new high of Rs 2,954.20 on rallying 16 per cent on the BSE in Monday's intra-day trade

TCS hits 52-week high, gains 1% in weak market on share buyback plan

Sharekhan believes, despite the challenging environment, TCS is well placed to grab cost takeout as well as digital transformation programs along with opportunities from vendor consolidation

Govt to YouTube, X: Remove child abuse content or lose safe harbour

As reported earlier, law enforcement agencies have recorded an uptick in cybercrime against children with an increasing use of artificial intelligence

Tech giants Apple, Samsung likely to benefit from MeitY's new import regime

Meanwhile, companies like HP and Acer, which do not sell mobile phones in India, are likely to miss out

Policy incoherence

Import management system for IT is licence raj by another name

30 out of 40 applicants may qualify for Rs 17k-cr PLI for IT hardware

Around 30 out of 40 applicants are expected to qualify for Rs 17,000-crore production linked incentive scheme for IT hardware, according to a government official. As many as 40 companies, including Dell, HP, and Lenovo, have applied for the IT hardware PLI (production linked incentive) scheme with a commitment to make personal computers, laptops, tablets, servers and other equipment worth Rs 4.65 lakh crore during the scheme period. "Around 30-32 company may qualify for the (IT hardware PLI) scheme. Some are looking ineligible for the scheme due to financial issues and organisation structure issues," the official, who did not wish to be named, said. Against the budgetary allocation of Rs 17,000 crore for the scheme, applicants have projected the incentives to the tune of Rs 22,890 crore. The official said that the selected companies will get incentives well within the fund allocated for the scheme. Major IT hardware companies like Dell and HP are participating directly in the ...