Page 17 - Information Technology

Banned websites, apps given 48 hrs to prove genuineness: Official

The IT ministry has given 48 hours to banned websites and apps to prove their genuineness, a senior government official said on Thursday. Another senior official from the ministry said the ban has been imposed on the platforms because their businesses were not genuine. "Why would there be any ban if they were genuine? Action has been taken on them," the ministry official said. The government last week ordered blocking of 232 apps operated by overseas entities, including Chinese, for being involved in betting, gambling and unauthorised loan services. "They have been given 48 hours under the rule to submit documents. The decision will be taken based on their presentation. It is going on now," another senior official said. The Ministry of Electronics and Information Technology (MeitY) issued blocking orders on Saturday, based on an emergency request issued by a nodal officer of the home ministry, against 138 betting and gambling websites and 94 loan apps that were engaging in illegal

Govt set to ban 138 betting apps, 94 loan apps with Chinese links: Report

The communication was issued to Ministry of Electronics and Information Technology (MeitY) by the Union Home Ministry

Cognizant Q4 net profit down 9.6% YoY, meets annual guidance for FY22

IT services firm reports rise in headcount, says voluntary attrition declining

Tech Mahindra's Q3 profit slides 5.3% as expenses jump on macro challenges

India's Tech Mahindra reported a fall in third-quarter profit on Monday, hurt by higher expenses and a subdued performance by its communications division

India's dream of 'techade' will be fulfilled by innovators: PM Modi

Prime Minister Narendra Modi said on Sunday that domestic patent filings have outscored the country's foreign patent filings as he expressed confidence that India's dream of "techade" will be fulfilled on the strength of its innovators. This underscores the country's increasing scientific capabilities, he said in the first episode of 'Mann ki Baat' in the new year . Modi has in the past used "techade" to describe the decade being dominated by technologies and India making most of it. He said India's rank in patent filling is seventh globally while it is fifth in trademark registration. India's patent registration has risen by 50 per cent in the last five years, the prime minister said, noting that its ranking in the global innovation index has surged to 40 from below 80 in 2015. "I am confident that India's dream of techade will be fulfilled by its innovators and their patents," he said. The premier Indian Institute of Science had 145 patents in 2022 which is a rare record, Modi .

IT and start-up hiring to stay muted in 2023, niche tech roles to keep pace

This layoff period, coupled with a lull in hiring, is expected to last over the next two or three quarters, say experts

'India Stack' conference to showcase our innovations to the world: MoS IT

The India Stack is widening access to financial services in an economy where retail transactions are heavily cash-based

Google cuts add to tech wipeout that has claimed over 100,000 jobs

Big tech companies benefitted from boom in e-commerce sector that kicked off during Covid lockdowns in 2020 but now they are reporting declining growth rates as customer behavior returns to normal

Govt alone cannot determine fake news, says Editors Guild of India

The Guild said that already multiple laws exist to deal with content that is found to be factually incorrect

Gaming firms recommend self-declaration mechanism, graded KYC to MeitY

The ministry is also expected to release some guidelines to prevent a conflict of interest for the board of SRO soon

India team a core innovation engine across Applied Systems: CTO Belanger

India offered a large base of talented and capable engineers, said Rich Belanger, Chief Technology Officer (CTO) of Illinois-based Applied Systems

Nadella advocates tech for inclusivity; says Microsoft committed to India

Microsoft Chairman and CEO Satya Nadella on Wednesday highlighted the importance of driving inclusivity and empowerment through technology and economic growth and asserted that the company is "very committed to India". He was speaking at Microsoft's Tech for Good and Education showcase, an event that highlighted the impact created by technology in the areas of philanthropic work and education. Nadella did a walk through, interacting with teachers, students and professionals who are making a difference in the society, by leveraging various Microsoft programs, initiatives and tools. "Looking at what you all have done, your passion, imagination and ingenuity is truly inspiring. One of the things that keeps me grounded is seeing our mission in action," Nadella said. Microsoft's top boss further said the Wednesday's event underlined that technology and economic growth are not an end, rather a "means to an end that we all aspire for." He urged the participants to think of growth in term

GACs to have wider scope, will hear all types of grievance appeals

MeitY had stated there was a need to set up GACs as grievance officers hired by the platforms often did not address issues satisfactorily

Brokerages pick banks, infra and telecom for 2023 play; IT, metals may drag

The banking sector was a standout performer in 2022 with the Nifty PSU Bank rallying almost 70 per cent

No proposal before govt to lower threshold for generating e-invoice: CBIC

The CBIC on Monday said there is no proposal before the government to lower the threshold from January 1 for mandatory generation of e-invoices. Currently, businesses with a turnover of Rs 10 crore and above are required to generate an electronic invoice for all B2B transactions. "There is no proposal before the Government, at present, to reduce this threshold limit to Rs 5 crore with effect from 01.01.2023, as no such recommendation has been made by GST Council as yet," the Central Board of Indirect Taxes and Customs (CBIC) tweeted. The tweet came after media reports in some quarters said that though GST Council has recommended reducing the threshold for the generation of e-invoices to Rs 5 crore with effect from January 1, 2023, the government has yet to issue a notification on the matter. Under Goods and Services Tax (GST) law, e-invoicing for business-to-business (B2B) transactions was made mandatory for companies with a turnover of over Rs 500 crore from October 1, 2020, which

Software exports from Technopark grow 15% to touch Rs 9,775 crore

IT exports from the Technopark campus in Thiruvananthapuram grew 15 per cent to touch Rs 9,775 crore for fiscal 2021-22 fiscal, according to the figures released on Wednesday

To ease debt, L&T looks to offload Nabha Power, pare Hyd Metro stake

The objective is to reduce the Rs 18,000-crore debt on the books of these firms, said D K Sen, whole-time director and senior executive vice-president (development projects), L&T

BS BFSI Insight Summit 2022: Who's leading the way in banking technology?

From Ranjeeth Bellary, Partner, EY Forensic & Integrity Services to Rajsri Rengan, HoD - Banking & Payments, India & Philippines, FIS here are panelists who will speak on Technology in Banking

Paytm, Nykaa: Will 2022's bloodbath in new-age stocks continue in 2023?

Paytm, Policybazaar, Zomato, and Nykaa have been the worst hit, falling between 50.5 per cent and 60 per cent thus far in 2022

Infinite Solutions to invest Rs 500 cr for IT campuses in Noida, Lucknow

Uttar Pradesh government delegation led by state Finance Minister Suresh Khanna met with Chairman, of Infinite Computer Solutions Sanjay Govil on Tuesday in New York