Page 11 - Information Technology

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 ...

Govt to make IT hardware import authorisation process online, seeks data

The government on Friday informed IT hardware players that the process of import authorisation for laptops, tablet, servers etc. will be completely online and has sought data of the past three years for the inbound shipments of mobile, IT and telecom products, sources aware of the development said. Industry players have been informed that the "import management system" portal, which will be managed by Directorate General of Foreign Trade (DGFT), will go live by the end of this month. "MeitY has informed companies that 'import management system' will go live by September end. It will be managed by DGFT. It has asked importers to feed their organisation data and import data subsequently for the past 3 years," a source, who did not wish to be identified, told PTI. The government has proposed to implement new rules for import of IT hardware from November 1. The new rule will allow imports of IT hardware by authorised firms. The import management system will handle imports related to .

Indian IT cos don't see any immediate challenges due to India-Canada tussle

So far, both Canada and India have expelled senior diplomats in reciprocal moves. On Thursday, September 21, India temporarily suspended visa services for Canadian citizens

Smartphone, auto makers may be mandated to enable NavIC on devices: MoS IT

He also shared that Accord Software & Systems, a domestic start-up, was the first Indian company to design NavIC chips

Enventure launches centre for advanced digital construction in Shivamogga

The centre plans to hire about 100 engineers from PESITM in the next year and train them for three months to make them industry-ready to handle projects related to Building Information Modelling (BIM)

Biz messaging going to be our next growth engine: Meta India's Devanathan

In a video interview with Shivani Shinde, Devanathan talks about the next big bets for Meta in India and her priorities

Panic buying? IT hardware imports rise 50% ahead of licence deadline

The rise in imports is expected to continue in September as well, as it takes 4-6 weeks for consignments to reach India

Clean Air Survey 2023: Indore ranks first followed by Agra and Thane

A total of 131 cities have been identified for the implementation of the city-specific action plans under this programme, for reducing air pollution by up to 40% by FY26

Nearly 63% firms use cloud services for monetising data and insights

20% cost optimisation achieved by large firms by using Cloud

HP, Dell, Lenovo among 38 firms to apply under IT hardware PLI 2.0

The scheme aims to generate incremental production worth Rs 3.35 trillion over the next six years, said Ashwini Vaishnaw, Union Minister of Communications and IT

In letter to govt OTTs pledge self-regulation and responsible creation

OTT platforms are also worried about the impact of a consultation paper proposed by the Telecom Regulatory Authority of India (Trai) on regulation

Computer import curbs not part of FTP Principles of Restrictions

The duty rates on computer software and hardware were cut to zero after India became a signatory to the Information Technology Agreements (ITA-1 and ITA-2) at the World Trade Organisation

Meghalaya to soon announce IT policy for attracting investments: CM Sangma

The Meghalaya government will soon announce an IT policy which will benefit investors and create employment opportunities in the state, Chief Minister Conrad K Sangma said on Friday. Addressing a programme here, he said investors will be provided incentives in terms of capital investment, GST and electricity tariff, among others, under the policy. "We are on the verge of announcing the IT policy. It has taken us about a year's time, and we had elections in between. We are waiting for the final comments from the Industries Department, and within a couple of weeks, maximum of three weeks, we will roll out the IT policy," he said. Under the CM-ELEVATE program, the state government plans to provide financial support to 20,000 startups and businesses, including those in the IT sector, in the future, Sangma said. "We feel the government should provide subsidies to such industries that give direct benefit to our people in terms of employment, rather than giving benefits to large industrie

Companies using GenAI should follow self-regulation, says Mastercard CEO

Mastercard CEO Michael Miebach on Friday said Generative Artificial Intelligence (GenAI) offers 'tremendous opportunities' and companies should follow self-regulation to unlock its potential. Miebach also suggested that companies using GenAI should follow four key principles -- transparency, privacy and security, accountability and integrity -- before a full fledged regulation comes in for the sector. When there were concerns of data security and privacy, digital finance companies had adopted a self-regulation model, he said. Mastercard very simply said you are a customer, you control your data, you benefit from your data and it's the industry's job to keep it safe. Can we do the same thing with AI. As an industry can (we do) a self regulation and that (can) lead into regulatory frameworks. Absolutely we can, said the CEO of the US-based payments technology major. As a company that deals in trust, and safety and security, our focus in AI has always been to make payment transactio

Digital economy to contribute over 20% of GDP by 2026: Chandrasekhar

Union Minister of State for Electronics and Information Technology Rajeev Chandrasekhar on Thursday forecast that the digital economy will contribute more than 20 per cent of the country's GDP in 2026. Addressing the 'G20 Digital Innovation Alliance Summit' here, he said India is a preeminent nation that adopted technology very fast and has started offering solutions to the world. "The digital economy has gone from 4-4.5 per cent in 2014 of the total GDP to 11 per cent of the total GDP today. And we expect the digital economy to contribute over 20 per cent of our GDP by 2026," Chandrasekhar said. According to him, India adopted technology not just for innovation in a broader sense, but to deliver real solutions that have transformed people's lives, governance and democracy in the last few years. "This pace of digitalisation means we are now looking at every citizen, every consumer consuming digital products or services, whether it is Instagram reels or Digital Public Infrastructure

Infosys signs 5-year deal with Liberty Global estimated at $1.64 bn

Collaboration will enable London-based video and broadband company to realise run-rate savings of more than $109 bn