Page 14 - Information Technology

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

MeitY begins Indian Web Browser Development Challenge for tech enthusiasts

The Ministry of Electronics and Information Technology (MeitY) launched the Indian Web Browser Development Challenge (IWBDC) on Wednesday, according to a release. The IWBDC is an open challenge competition that seeks to inspire and empower technology enthusiasts, innovators, and developers from all corners of the country to create an indigenous web browser. The programme saw participation from more than 200 participants from government departments, industry, startups and academia through online and offline modes, the release said. A panel discussion was also organised wherein the queries of the participants were answered by MeitY, CCA and C-DAC officials, it added.

India's success is case study in using tech to transform lives: MoS IT

He emphasised the milestones achieved through Digital India in the past nine years, which catalysed the country's rapid progress towards a five trillion US dollar economy by 2026

Trouble for new engineering graduates as IT hiring to hit 3-yr low in FY24

The fear of a recession in the US has emerged as a major hurdle for the IT sector. There is also a dearth of new projects which may impact the recruitment of new engineers

India skilled workers in huge demand as Germany tries to woo nurses

German Chancellor Olaf Scholz expressed the country's intention to simplify work visa rules for Indian IT workers in February to fulfil the demand for software expertise

TCS extends partnership, will strengthen GE Healthcare's tech operations

IT services firm's service will enable GE Healthcare to provide care solutions to more than 1 bn patients

Nifty IT index gains 6% in 2 days; Tech Mahindra, Coforge hit 52-week highs

Mphasis surged 4 per cent, while TCS, Infosys, HCL Technologies and L&T Technology Services gained in the range of 2 to 3 per cent

Ministers concerned over including GST IT network in money laundering act

India's state ministers have raised concerns over the inclusion of goods and services tax's (GST) information technology network under the country's money laundering act

Global capability centres expand operations in India, hiring more IT talent

GCCs are expected to hire around 2.6 million people in India by the end of 2030, according to a report by EY

Fake news: If effect of law is unconstitutional, it has to go, says HC

The Bombay High Court on Thursday said that no matter how laudable or high the motives are while framing rules, if the effect of a rule or law is unconstitutional then it has to go. A division bench of Justices Gautam Patel and Neela Gokhale made the observation while hearing a bunch of petitions challenging the recently amended Information Technology Rules that empower the Centre to identify fake news against the government in social media. Stand-up comedian Kunal Kamra, the Editors Guild of India and the Association of Indian Magazines filed petitions in the high court against the rules terming them as arbitrary, unconstitutional and saying that they would have a "chilling effect" on the fundamental rights of citizens. On April 6 this year, the Union government promulgated certain amendments to the Information Technology (Intermediary Guidelines and Digital Media Ethics Code) Rules, 2021, including a provision for a fact-checking unit to flag fake, false or misleading online ...

WhatsApp bans more than 6.5 million accounts in India under new IT rules

Meta-owned, WhatsApp banned over 6.5 million accounts in India in the month of May 2023. The company took action to comply with the new IT Rules 2021

Karnataka High Court rejects Twitter plea against govt blocking orders

'You are not a farmer but a billon-dollar company': Karnataka High Court tells platform for not complying with centre's orders

Multi Commodity Exchange tanks after extending IT contract at higher cost

MCX's transition to the TCS-run platform has been delayed, despite the company assuring analysts and its investors that the transition would take place by end-June