20 Years Since Vajpayee Gave NE Its First STPI, Modi Govt Inaugurates One in Nagaland

As part of a larger push by Prime Minister Narendra Modi to take IT to the far-flung Northeast, the first software technology park of India in 20 years will be inaugurated on Friday in Nagaland.

The minister of state for information and technology and skill development, Rajeev Chandrasekhar, will be present in Kohima for the same.

“PM Narendra Modi has had a clear determined vision to deliver benefits of the technology sector to the youth of Northeast. The strategy has

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India’s IT Rules undermine user security, says WhatsApp CEO

2021-09-15 06:07:03

India’s revised Information Technology Guidelines that requires technology platforms to trace the origin of flagged messages “undermines security that end-to-end encryption provides
WhatsApp CEO Will Cathcart told technology publication The Verge on Monday
, adding that the move could see more countries worldwide following suit.

“With the IT rules in India, the specific thing those rules would require is us to build some system [to comply] if someone comes to us and says “Hey, someone

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TransUnion said to near $3.1-billion deal for Neustar

2021-09-13 10:33:18

Bengaluru: TransUnion could finalise by Monday a deal to buy information services company Neustar Inc. for $3.1 billion, the Wall Street Journal reported, a move that could help the credit ratings company diversify.

The paper
cited people familiar with the matter. TransUnion and Neustar did not immediately respond to a request for comment outside regular business hours.

Virginia, US-based Neustar is a provider of real-time information and analysis that helps businesses identify potential customers and determines which ads

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ETtech Catalyst: How to win new categories in the multi-trillion-dollar SaaS market

2021-09-06 18:24:23

Software as a Service, often shortened as SaaS, is the industry of cloud-hosted software businesses that charge their customers a recurring, usually monthly or annual, subscription fee.

Pioneered by Salesforce, Concur, and the likes in the early 2000s, SaaS has been on a strong uptrend ever since. Today, it is a multi-trillion-dollar opportunity and still growing quickly. It already has more than 50 publicly listed companies, as tracked by
BVP Nasdaq’s Emerging Cloud Index,

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Bengaluru IT Companies to Permit Work From Home till December 2022

The Karnataka government called upon IT parks established along the Outer Ring Road (ORR) stretch in Bengaluru to extend the Work From Home (WFH) period till December, next year. The government urged the companies to extend the WFH option for employees in view of traffic congestion due to the Bengaluru metro construction work.

The Department of Electronics, Information Technology, in a letter to the National Association of Software and Service Companies (NASSCOM), stated that the construction work is happening on

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China’s blue-chip shares end lower as factory activity slows

2021-08-31 14:09:18

SHANGHAI: China blue-chips fell on Tuesday after data showed the services sector in the world’s second-biggest economy slumped into contraction and as analysts noted that Beijing’s scrutiny over online gaming would affect the long-term growth of the industry.

At the close, the blue-chip CSI300 index ended 0.16% lower, with the consumer staples sector down 1.58% and the healthcare sub-index down 1.98%.

China staged an impressive recovery from a coronavirus slump, but momentum has weakened recently due to domestic

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Global 5G standards to push manufacturing operations in India: International trade bodies

2021-08-29 17:29:40

Top trade and technology bodies from the US and UK have told the Indian government that adoption of globally harmonised standard, the 3GPP 5G standard, will give a much needed push to electronic manufacturing in India as companies will be encouraged to set up their operations in India.

They urged the government to allow Indian telcos to independently choose to deploy technologies conforming to the 5G standard of their choice.

Indian telcos, multinational vendors chipset and smartphone makers

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China stocks rise as investors bet on easing hopes

2021-08-27 13:52:27

SHANGHAI: China shares rose on Friday after investors took comfort in the central bank’s biggest weekly cash injection into the banking system since February, and as authorities urged more financial support for retail and trading firms.

The blue-chip CSI300 index rose 0.5%, to 4,827.04, while the Shanghai Composite Index gained 0.6% to 3,522.16 points.

The Shanghai Composite Index logged a weekly gain of 2.8%, the biggest in three months, while the CSI300 index finished up 1.2% for the

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Making money was becoming too easy, it just got fixed: Sunil Singhania

2021-08-27 09:34:17

MUMBAI: Veteran asset manager and founder of Abakkus Asset Manager, Sunil Singhania, believes the recent drawdown in shares of midcap and smallcap companies has been healthy as “money making was becoming too easy.”

“Frankly, in the last six-to-eight months, money making was becoming too easy… you see some tweet, you buy the stock and it is up two circuits. Sectoral rotation was very, very fast,” Singhania said at the launch of Abakkus Smart Premier League in partnership

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A big driver of India’s bull market is taking its foot off the gas

2021-08-26 09:02:49

MUMBAI: Retail investors have poured billions of dollars into stocks over the past 17 months, helping fuel a staggering rally in the secondary and primary equity markets of the country.

The share of individual investors in daily trading volume on the National Stock Exchange has soared to 45 per cent in 2020-21 from 39 per cent in 2019-20. The rise in retail trades became noticeable during the national lockdown last year when well-to-do households diverted their savings to

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Savvy Group to invest Rs 1,000 crore to develop commercial, residential projects in GIFT City

2021-08-25 20:52:45

Realty developer Savvy Group is planning to invest over Rs 1,000 crore in Gift City, India’s first operational smart city and International Financial Services Centre (IFSC). The company will be making this investment to develop both commercial and residential projects in the emerging global financial and information technology services hub.

This is one of the biggest development investment proposals in Gift City after the government of Gujarat recently relaxed one of the key conditions to allow even

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9 NE digital media groups come together to form new association

2021-08-21 18:36:56

Nine digital media organisations of the North-eastern region have come together to form a new association to provide a single platform for the members to voice their concerns. The Northeast Association for Digital Communication and Media (NADCOM) on Saturday said that it was registered with the Ministry of Corporate Affairs as a not-for-profit company.

Guwahati-based East Mojo, G Plus, InsideNE, Northeast Now, Time8 and The News Mill; Shillong-based The Northeast Today (TNT), Garo Hills-based Hub News and Gangtok-based

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ETRise Top MSMEs ’21 Conversations | Can PLI scheme boost Make-in-India capacity of MSME?

2021-08-19 21:52:24

The Production Linked Incentive (PLI) Scheme is an important step towards the Government’s vision of ‘Atmanirbhar Bharat’. The prime objective of the PLI scheme is to make manufacturing in India globally competitive by removing sectoral disabilities, creating economies of scale and ensuring efficiencies. However, in its current form, does the scheme have what it takes to attract global investments, generate large-scale employment opportunities and enhance exports? Join A Sakthivel, President, Federation of Indian Export Organisations (FIEO), Amrit Manwani,

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China rebukes 43 apps including Tencent’s WeChat for breaking data transfer rules

2021-08-18 14:49:00

China’s Ministry of Industry and Information Technology (MIIT) said on Wednesday that 43 apps, including Tencent Holdings Ltd’s WeChat, were found to have illegally transferred user data, and ordered their parent companies to make rectifications.

The move comes as Chinese authorities tighten regulatory oversight on a range of industry, with a particular emphasis on privacy and data.

In a statement published online, the regulator said the apps had illegally transferred users’ contact list and location data,

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The curious case of inverted duty structure: An anomaly in tax rate is squeezing Indian manufacturers

2021-08-18 08:55:23

Complex, arbitrary and cumbersome — that is how several sections of industry describe the Indian taxation framework. The government wants to make India a manufacturing hub, but the taxation maze makes it challenging for manufacturers to function smoothly, they point out.

Making the system more complicated, sometimes even crippling, for businesses is inverted duty structure (IDS) — a situation where the tax rate on the raw materials used to

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How a mechanism for formal trading of unlisted securities can be a gamechanger

2021-08-17 19:44:23

As there is a significant non-founder capital being put into businesses before they go public, an unlisted securities trading platform could be very useful. It could potentially open a new market segment. Globally as well, there is a formal market for unlisted securities. Even Facebook, before going for an IPO, traded, and traded well in the unlisted market.

In fact, NASDAQ’s Private Markets, founded in 2014, provides a way for private companies to trade shares

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Formal trading in unlisted securities can be gamechanger

2021-08-17 19:44:23

As there is a significant non-founder capital being put into businesses before they go public, an unlisted securities trading platform could be very useful. It could potentially open a new market segment. Globally as well, there is a formal market for unlisted securities. Even Facebook, before going for an IPO, traded, and traded well in the unlisted market.

In fact, NASDAQ’s Private Markets, founded in 2014, provides a way for private companies to trade shares

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A scarcity premium on tech talent may work against India

2021-08-13 16:17:10

Pune: One year ago, a US-based firm made plans to move its technology development work to India, buoyed by the easy availability of highly skilled tech workers and a 30% cost saving in hiring. However, by the time it was ready to start recruiting last month, tech salaries had risen significantly, all but erasing the projected cost reduction that had made the proposition so attractive.

This company’s case is not unique.

Several others who are

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Iranians fear new bill will restrict internet even further

For Ali Hedieloo, a 40-year-old making wooden furniture in Iran’s capital, Instagram is more than just a surfeit of glossy images. Like an estimated 1 million other Iranians, it’s how he finds customers, as the app has exploded into a massive e-commerce service in the sanctions-hit country. But now, the social media platform has come under threat. Iran moved last week toward further government restrictions on Instagram and other apps, as hard-line lawmakers agreed to discuss a bill that many
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French Groupe ADP and GMR sign agreement to share expertise

2021-07-27 21:16:58

The GMR group today announced Industrial Partnership with France-based Groupe ADP that would help them leverage on each party’s expertise and resources, with a view to improve service level and product offering to passengers and airlines.

“Groupe ADP and GMR want to further strengthen their cooperation to identify areas of synergy and seize new opportunities to improve efficiency and define world- class new, safe standards of experience for the passengers,” the company said in a statement.

“Sustainability, through

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