DATA
STP software exports decline in six cities, data shows
Industry experts, however, say the STPI figures don¡¯t reflect the full picture of city-wise software exports. Some of the exports have moved away from STPIs into special economic zones (SEZ) and recorded impressive growth.
India's data centre capacity to more than double by FY27, on rising digitalisation: Crisil Ratings
?To support the strong demand, the incremental capital expenditure would be supported by a higher proportion of debt funding, which will result in a moderate increase in debt levels.
Consortium including World Bank's IFC to lend $900 million for Yondr's Malaysian data centre
The financing arrives as global investors rush to capitalize on the booming data centre market in the Asia-Pacific region, driven by a sharp increase in demand for artificial intelligence services, despite rich valuations. The consortium includes Southeast Asia's largest lender DBS , HSBC, Deutsche Bank, ING, Natixis CIB, and Blackrock's Global Infrastructure Partners.
Qila to expand into the USA to accelerate Web3 adoption
Siddharth Ugrankar, founder of Qila, said that the company has started its pilot projects. He added that Qila is planning to participate in many events so as to promote the adoption of web3 solutions. The company mainly focuses on increasing transparency and traceability in the supply chain, improving data security and interoperability in healthcare, and boosting customer engagement through tokenisation in retail, among others.
RBIH looks to tap Rapido, Swiggy, Amul data for UPI-like lending platform, says CEO Rajesh Bansal
The Reserve Bank Innovation Hub is developing a Unified Lending Interface. It is partnering with companies like Namma Yatri, Rapido, and Amul. The platform will use data to speed up loan approvals. Seven states have already joined the initiative. The goal is to make credit access easier, especially for small businesses and farmers.
Apple complains Meta requests risk privacy in spat over EU efforts to widen access to iPhone tech
Apple and Meta clashed over EU's proposed interoperability guidelines for iOS. Apple argued that Meta's access requests threaten user privacy, citing potential access to sensitive data. Meta countered, accusing Apple of using privacy as a shield for anti-competitive practices. The EU is seeking public feedback on the proposed measures.
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UK regulator criticises Google targeted adverts plans
The UK's data watchdog, the ICO, criticised Google's policy shift allowing "fingerprinting" to track users for targeted ads. This method, unlike cookies, makes it harder for users to control their data. The ICO called the change irresponsible, highlighting Google's past acknowledgement of fingerprinting's privacy issues and the difficulty users face in managing their digital fingerprints.
TikTok's rise from fun app to US security concern
TikTok became one of the most downloaded apps in the world as officials grew increasingly wary of the potential for the Chinese government to influence ByteDance or access user data. India banned TikTok in July of 2020 due to tensions with China.
IN-SPACe attracts several private sector companies & consortiums, to build, operate earth observation satellite constellation
The private space sector regulator IN-SPACe floated the PPP tender, with these firms competing against three other leading companies: Bengaluru-based Ananth Technologies Limited (ATL), Centum Electronics, and Hyderabad-based Tata Advanced Systems Limited (TASL), all of which are part of different consortiums. The tender process is expected to conclude by March, with India Infrastructure Finance Company Limited (IIFCL), under the Ministry of Finance, overseeing the bid.
Dutch watchdog fines Netflix for not properly informing customers about data use
The over-the-top (OTT) platform has objected to the fine. The investigation of this case started in 2019. The Dutch Data Protection Authority said in a statement that Netflix did not clearly inform its customers about how its data is used.
Ireland fines Meta $263 million over Facebook hacks
Meta, Facebook's parent company, has been fined €251 million by Irish regulators for a 2018 data breach affecting 29 million users globally, including 3 million in the EU. Hackers exploited a flaw in Facebook's video upload feature to access personal data like email addresses and phone numbers.
AceCloud announces new cloud region in Noida
A cloud region is a specific geographic location that houses several data centres owned by a service provider. The company said in a statement that the region will provide low-latency access to advanced cloud technologies with enterprise-level reliability, integrated security, and disaster recovery features. The cloud computing solution provider also has a cloud region in Mumbai.
Facebook owner hit with 251 million euros in fines for 2018 data breach
The hack exploited three distinct bugs in Facebook's "View As" feature, which allowed users to see how their profiles appeared to others. The attackers took advantage of these vulnerabilities to steal digital keys known as "access tokens" from the accounts of individuals whose profiles appeared in searches using the "View As" feature.
Facebook-parent Meta settles with Australia's privacy watchdog over Cambridge Analytica lawsuit
Australia's privacy regulator has been caught up in the legal battle with Meta since 2020. The personal data of 311,127 Australian Facebook users was "exposed to the risk of being disclosed" to consulting firm Cambridge Analytica and used for profiling purposes, according to the 2020 statement.
The path to net-zero starts with data
Half of all industrial data has been created in the last two years, says Lisa Wee, global head of sustainability, Aveva, highlighting why companies are struggling to double down on energy efficiency. Pointing to the pace of digitalisation, she said that 70% of the industries still haven't managed to digitalise at a scale.
Salesforce to combine ASEAN, Indian operations under Arundhati Bhattacharya
Bhattacharya will helm the 'South Asia Operating Unit' from February, which will include Singapore, Philippines, Malaysia, Vietnam, Thailand and Indonesia, India, Sri Lanka and Bangladesh. The sales leadership team of ASEAN will report to Salesforce India managing director - sales, Arun Kumar Parameswaran, who will continue to report to Bhattacharya.
Texas probes tech platforms over safety and privacy of minors
Tech platforms have come under increasing scrutiny over their impact on children. Top U.S. social media platforms made an estimated $11 billion in advertising revenue from users younger than 18 in 2022, according to a Harvard study published last year.
Average health insurance claim amount up 30% in three years
Health insurance claims are up over 30% in India. Hospital treatment costs are rising. Indians are seeking better coverage. Policybazaar processed thousands of claims. The average claim is now around Rs 81,000. Tamil Nadu has the highest average claim. More people are getting health insurance. Claims for dengue and other illnesses are increasing. Young people make many claims.
US data agency blames old tech and other failures for missteps
The panel was chaired by a former Labor Department official and consisted mostly of current officials from the department and other federal agencies. It also included two members of the public. Su gave the group 60 days to "identify causes of and fixes to the inaccurate release of data" and report back.
Online gaming firms boost legal firepower to tackle regulatory maze
Online gaming cos are expanding their legal teams to address the evolving regulatory landscape in India. The growth is driven by new laws like the DPDPA and increased M&A activity, creating a demand for legal experts in areas such as data protection, taxation, and intellectual property rights. The gaming market's projected growth further fuels this hiring trend.
ShareChat appoints TikTok¡¯s Nitin Jain as CTO
As CTO, Jain will lead the development and application of technology across both ShareChat and Moj platforms. Jain has played a key role in starting from scratch and rapidly expanding tech companies by nurturing high-performing teams and leveraging technologies such as artificial intelligence, big data, cloud computing, blockchain and modern development operations practices.
India faces 3000% surge in API cyber attacks: report
India witnessed a massive 3000% surge in API cyberattacks during the July-September quarter. API-targeted DDoS attacks outpaced website attacks by 85%, with 1.2 billion total attacks detected. Bot activity increased by 145% year-over-year, impacting 90% of websites. SMBs faced a disproportionately high number of attacks, while the BFSI and healthcare sectors were heavily targeted by bots.
Financial institutions double down on more checks for tech partners
Signzy, a regulatory technology firm, suffered a massive data breach, leaking customer data of financial institutions. This has prompted these institutions to evaluate backup service providers and tighten data-sharing norms. The breach exposed customer IDs, addresses, contact numbers, and video recordings, raising concerns about the vulnerability of third-party data storage.
Satellite imagery help banks assess farmers' income, repayment capacity
The Uttar Pradesh government is partnering with the International Finance Corporation to leverage satellite imagery for digital farm lending. Companies like SatSure and Dhruva Space are using this technology to assess farm risks and provide insights to banks, enabling faster loan processing and better financial services for farmers.
Semiconductor chip import increased 18.5% to Rs 1.71 lakh crore in FY24
To reduce reliance on imports, the government launched the Rs 76,000 crore Semicon India programme to boost domestic semiconductor production and attract foreign investment.
As data centers proliferate, conflict with local communities follows
As data centers like Plaza 500 expand into suburban neighbourhoods, residents like Richard Newman in Virginia face upheaval, fearing environmental and social impacts. Despite protests, economic incentives and tax benefits often sway local governments. The rise of data centers highlights a clash between tech-driven progress and community well-being, fueling debates about their true costs and benefits.
Support homegrown cybersecurity startups, MeitY secretary urges industry and government
India must bolster its cybersecurity defenses against numerous threats due to its geopolitical landscape. The government is promoting domestic cybersecurity companies and public-private partnerships. Growth in this sector is crucial, with potential for Indian companies to become global leaders by leveraging the large domestic market and government support.
Elon Musk's xAI plans massive expansion of AI supercomputer in Memphis
The move represents a massive expansion for the supercomputer called Colossus, which currently has 100,000 GPUs to train xAI's chatbot called Grok. The plan to expand the xAI supercomputer tenfold will likely raise environmental concerns, as activists and lawmakers have scrutinized the growing number of data centers for their vast energy consumption.
Schneider Electric working with Nvidia to design data center cooling systems
Schneider's designs will be used in data centres that use Nvidia's flagship server containing 72 of its most powerful AI chips, which is rolling out early next year. No financial details of the agreement were disclosed.
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