• Indian Govt proposes law to intercept encrypted messages on WhatsApp, Signal
    The government has proposed a law to bring under a legal framework the interception of over-the-top communication services, such as WhatsApp and Signal which are encrypted, According to definitions in the bill, telecommunication services means, service of any description (including broadcasting services, electronic mail, voice mail, voice, video and data communication services, audiotex services, videotex services, fixed and mobile services.
  • Amazon India witnesses 2-fold jump in customer base from tier 2, 3 cities during festive season
    Tier 2 and 3 cities accounted for 75 per cent of the total customer base of Amazon during its ‘Great Indian Festival’ sale. The e-commerce gainst claims to have recorded sale of 10 lakh unique products offered by small and medium business and startups from its platform during the first 36 hours of its festive season sale.
  • Apple is imposing up to 30% sales commission on in-app NFT trades
    Startup and trading NFT firms say they ignore the App Store because Apple’s rules, and 30% commission make it untenable for them. Apple is now insisting that its regular 30% commission from in-app purchases be also paid on all trades. This has specifically stopped NFT startup Magic Eden from ever offering trading on its app.
  • PM Modi set to inaugurate India’s 5G services on October 1
    Earlier, Electronics and Information Technology Minister Ashwini Vaishnaw had stated that India is gearing up for the rollout of 5G services by October. Reliance Industries’ Chairman Mukesh Ambani, Bharti Airtel’s Sunil Mittal and Vodafone Idea India head Ravinder Takkar will be on stage with PM Modi on the occasion
  • Google Is Showing Ads To Sell Your Kidney For $1m In India
    Despite being illegal in India, Google is showing advertisements of hospitals engaging in the sale of kidneys for $1 million. As far as the blamed organization is concerned, it’s Bangalore Baptist Hospital. Group of cyber criminals created a fake website with the name of this hospital and used it to trick people, asking for their kidneys in exchange for crores of rupees.
  • FYI: Bitcoin Is Up Nearly 2,000% Since the 2016 U.S. Election
    In the four years since the previous U.S. presidential election, Bitcoin has appreciated by nearly 2,000%. On November 8th, 2016, the day of the election that made Donald Trump president, Bitcoin traded at approximately $700, while today, one coin goes for $14,300 – a gain of more than 1,900%.
  • Byju’s clears $230 million payment to Blackstone for $1 billion Aakash deal
    The Bengaluru-headquartered startup, valued at $22 billion, had pushed back on some payments for the approximately $1 billion acquisition of the physical education chain last year, citing regulatory clearance. Blackstone, which is also an investor in Byju’s, owned about 38% of Aakash prior to the acquisition.
  • DGCA fears interference of 5G signals in flight operations
    DGCA has flagged the possibility of 5G signals disrupting the altimeter signals, a significant instrument used in aviation that provides information on the distance between the ground and the aircraft. An official of the DoT dismissed the suspected impact of 5G rollout on altimeters, pointing out the “significant” 500 MHz gap between the frequency ranges.
  • Do not suppress employees: Rajeev Chandrasekhar’s take on ‘Moonlighting’
    Companies trying to prevent their employees from ‘consulting for other firms’ are indulging in an exercise that is ‘doomed to fail,’ said Union minister Rajeev Chandrasekhar. “Employees want to achieve multiple things with their skills. My strong recommendation to the industry is ‘do not try and suppress that’ because it’s an idea whose time has come,” he said.
  • Google slowly replacing Fitbit accounts by its own
    New Fitbit users will be required to sign-up with a Google account, from next year, while it also appears one will be needed to access some of the new features in years to come. Fitbit accounts will only be supported until 2025. From that point on, a Google account will be the only way to go.
  • Italy’s AC Milan and MonkeyLeague partner to launch NFT game
    The new NFT partnership will let fans mint Rossoneri-branded wearables and give them access to game tournaments, such as football players playtesting the game. Earlier this year, the club started new partnerships to issue official NFT video highlight moments and entered an NFT-based fantasy football game, allowing users to collect, trade and play with digital cards from AC Milan.
  • Zomato decides to look over cloud kitchens hosting more than 10 brands
    The food aggregator pointed out that in the recent past, the statutory body FSSAI has also stated that cloud kitchen entities are free to operate multiple brands on a single FSSAI licence. However, it argued that some fly-by-night operators misuse this flexibility in law by creating innumerable brands from the same kitchen.
  • Wipro announces salary hike for 96% of its employees
    Wipro has rolled out its scheduled salary hikes that it had announced would take place in September, with employees receiving their merit salary increase letter. The rollout in September is consistent with the company’s previous announcements. However, these hikes have been delayed by three months, as the previous hikes were effective from June 2021.
  • India will allow Apple’s Chinese vendors to set up plants if they meet certain condition
    The move will be finalised if Apple assures the government that it has no other option for sourcing components. The manufacturers would be required to import components if there are some concerns around the vendor and no other alternatives are available. The government may also ask the manufacturers to transfer the technology to local manufacturing.
  • New telecom bill is expected to take effect in 6-10 months: Communications minister Vaishnaw
    The bill seeks to replace three laws: the Indian Telegraph Act, 1885, the Indian Wireless Telegraphy Act, 1933 and the Telegraph Wires (Unlawful Possession) Act, 1950. However, with a view to ensuring smooth transition to the new framework and avoid any possible disruption, the bill provides for continuity of actions taken under the repealed laws.
  • JPMorgan chief calls crypto a ‘decentralised Ponzi scheme’
    While Dimon’s views on crypto are not new, it is controversial considering that JP Morgan launched their own digital currency JPM Coin in 2019, which was trialed in Bahrain earlier this year and are active in pursuing Blockchain technology. In 2017, Dimon stated that cryptocurrency was a “fraud” that is “not a real thing, eventually it will be closed.”
  • Bitcoin Mining Firm Compute North Files for Bankruptcy
    The filing comes seven months after the company secured a $385 million round that includes a Series C fundraise and debt financing. More recently, it broke ground on a 300-megawatt co-location facility in Texas. The shutdown follows a 50% rise in energy costs.  Compute North revealed that it owed as much as $500 million to at least 200 creditors
  • Centre to cover 50% cost for semiconductor manufacturing
    Indian government had raised fiscal support for new semiconductor facilities to cover 50% of project costs. Centre also announced that the ceiling for maximum permitted investment shall be removed to enable incentives for display manufacturing. Previously, the government announced that it will cover between 30% and 50% of the cost of setting up new display and chip plants.
  • Ola backtracks on its plan to fire 200 software engineers
    The layoffs would have constituted 10% of the company’s engineering workforce. Employees were informed about the change in the plan by some of the senior tech leaders of the company. Ola had already laid off over 1,000 employees. The uncertainty within the firm comes at a time when late stage startups are struggling to raise amid global macroeconomic headwinds.
  • VI struggles to find vendors for 5G equipments owing to its 4G-related dues
    Vodafone Idea owes around ₹3,000 crore to Nokia and up to ₹1,000 crore to Sweden’s Ericsson in 4G-network-related dues. It also owes around ₹7,000 crore to tower company Indus Towers and ₹2,000 crore to American Tower Co. (ATC). Vendors are asking the cash-strapped telco to clear their 4G-related dues and fork out advance payments for fresh contracts.