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Tag: Tech-Economic Times

  • Flipkart Aligns Risk Management with Global ISO 31000:2018 Standards

    This article was generated by AI and cites original sources.

    Flipkart, the e-commerce giant, has recently aligned its risk management framework with the global ISO 31000:2018 standards, as verified by an independent assessment conducted by BSI. This alignment encompasses various critical areas such as technology, supply chain, platform management, and human resources.

    By achieving this milestone, Flipkart demonstrates its commitment to governance and trust within its operations. This recognition adds to the company’s past certifications, including the ISO/IEC 27001:2022 recertification.

    Currently serving a vast user base of over 500 million customers and providing a platform for millions of sellers, Flipkart’s adherence to international risk management standards enhances its operational robustness and sets an example in the e-commerce sector.

    Source: Tech-Economic Times

  • Lat Aerospace Demonstrates Progress in Ultra-Short Take-Off Flight Technology

    This article was generated by AI and cites original sources.

    Lat Aerospace, a startup founded by Deepinder Goyal, recently completed the second demonstration of its ultra-short take-off aircraft, marking a significant milestone in the company’s development efforts. The successful test follows an initial trial of the v0.1 prototype, which achieved ultra-short takeoff but unfortunately crashed shortly after.

    The latest demonstration indicates progress in refining the technology and enhancing the aircraft’s performance. Lat Aerospace’s focus on ultra-short take-off capabilities showcases the company’s innovative approach in the aerospace industry. By demonstrating the feasibility of such technology, Lat Aerospace is contributing to the advancement of aviation possibilities and exploring new avenues for future aircraft designs.

    This achievement underscores the importance of continuous testing and iteration in the development of cutting-edge technologies. The ability to achieve ultra-short takeoff has significant implications for various applications within the aerospace sector, potentially leading to the creation of more efficient and versatile aircraft.

    Source: Tech-Economic Times

  • Indonesia Summons Tech Giants Over Social Media Ban for Minors

    This article was generated by AI and cites original sources.

    The Indonesian government has issued a second summons to tech giants Google and Meta, alleging that they have disregarded a new ban on social media access for users under 16. The government has warned of potential sanctions if compliance is not achieved, citing child protection from online risks as the primary motivation behind this move. Meta has stated that an extension was granted and has committed to meeting with the ministry promptly to address the situation.

    Source: Tech-Economic Times

  • Fintech IPOs Stall Amid Market Volatility and Global Uncertainty

    This article was generated by AI and cites original sources.

    The ongoing market volatility driven by the crisis in West Asia has significantly impacted the IPO plans of emerging fintech companies. The decline in the Indian rupee and stock devaluations in Mumbai have led to the highest annual outflow of overseas funds from locally listed equities, dampening the prospects of fintech firms looking to go public.

    This economic turbulence has forced fintech startups to reassess their strategies as they navigate through uncertain market conditions. The war-induced rattling of stock markets has created a challenging environment for these companies, prompting them to tread cautiously with their IPO timelines.

    While fintechs have been eyeing public listings as a means of scaling up and attracting more investment, the current market scenario has introduced a level of caution and prudence. This slowdown in IPO plans reflects the broader impact of geopolitical events on the tech industry, highlighting the interconnectedness of global affairs and technological advancements.

    It remains to be seen how fintech companies will adapt to these changing circumstances and whether they will find alternative avenues for growth amidst the ongoing market uncertainties.

    Source: Tech-Economic Times

  • India’s Tech Job Market Faces Shift: Entry-Level Roles Decline as Mid-Senior Positions Dominate

    This article was generated by AI and cites original sources.

    As India’s tech job market enters FY27, a cautious trend has emerged, particularly impacting entry-level roles designed for candidates with up to two years of experience. According to a recent report, entry-level openings have remained stagnant at 15,000 for the second consecutive month, with a concerning 11% year-on-year decline observed.

    This shift in demand dynamics underscores a challenging scenario for newcomers entering the tech workforce in India. Roles tailored for freshers now constitute a mere 14% of the total job market, while mid-senior professionals continue to dominate, occupying a substantial 54% share of the job opportunities.

    The decline in entry-level positions and the competitive environment favoring experienced professionals are creating heightened pressure for freshers seeking job placements in the tech industry.

    Source: Tech-Economic Times

  • Legacy Automakers Gain Ground in India’s EV Two-Wheeler Market as Ola Electric’s Share Declines

    This article was generated by AI and cites original sources.

    Recent data from the government-run Vahan portal reveals a notable decline in market share for Bengaluru-based electric vehicle (EV) maker Ola Electric, led by Bhavish Aggarwal. The company sold 10,118 electric two-wheelers in March 2026, capturing only 5.4% of the market, a significant drop from the 22.1% share it held in April 2025.

    This shift in market dynamics signals a changing landscape in India’s electric two-wheeler sector, with traditional automakers making headway as Ola Electric faces challenges in maintaining its previous market dominance. As legacy manufacturers strengthen their presence in the EV market, competition is intensifying, potentially driving further innovation and technological advancements in electric mobility.

    While Ola Electric’s market share decline reflects evolving consumer preferences and competitive pressures, it also underscores the importance of continuous innovation and strategic adaptation in the rapidly evolving electric vehicle industry. This trend highlights the need for companies to stay agile and responsive to market dynamics to remain competitive in the ever-growing EV sector.

    Source: Tech-Economic Times

  • Google Introduces AI-Powered Inbox Features for Premium Gmail Users

    This article was generated by AI and cites original sources.

    Google has unveiled a new AI-driven inbox feature for its Gmail service, currently available as a beta version exclusively for premium subscribers. This functionality, powered by Google’s Gemini technology, aims to streamline communication by highlighting crucial messages, creating task lists, providing email summaries, and offering advanced proofreading capabilities. The AI-powered inbox is designed to optimize user productivity and organization by presenting a concise overview of inbox activities and efficiently categorizing incoming updates.

    By incorporating artificial intelligence into the email management process, Google seeks to enhance the user experience and improve email efficiency. The introduction of AI-driven features such as prioritization and summarization represents a significant step towards helping users quickly identify and act upon essential information.

    Source: Tech-Economic Times

  • Anthropic Shifts Focus to Combat Extremism Amid AI Safety Concerns

    This article was generated by AI and cites original sources.

    Anthropic, a crisis contractor for OpenAI, is shifting its focus towards combating extremism. This strategic move aims to address the growing safety concerns surrounding the misuse of AI technologies, as an increasing number of lawsuits accuse AI companies of facilitating violence rather than preventing it.

    By aligning its efforts with combating extremism, Anthropic seeks to enhance the responsible deployment of AI systems and contribute to a safer technological landscape. This transition reflects the evolving landscape of AI ethics and the growing emphasis on accountability within the tech industry.

    Source: Tech-Economic Times

  • Singapore Charges Individual in AI Chip Fraud Case Linked to Dell Technologies

    This article was generated by AI and cites original sources.

    Singapore authorities have charged Jenny Lim in connection with a fraud case involving false representations made to U.S. server supplier Dell Technologies. Lim is accused of conspiring with Alan Wei Zhaolun and Aaron Woon Guo Jie to mislead Dell regarding the end-user of servers purchased from the company. This development follows previous charges against the two individuals in February last year for similar offenses.

    The servers in question were suspected to contain Nvidia chips, with investigations revealing that these servers, supplied by Dell and Super Micro Computer to Singapore-based companies, were eventually sent to Malaysia. The case raises concerns as the United States restricted the export of high-end Nvidia chips to China in 2022 over military use apprehensions, later allowing sales under specific conditions.

    In recent financial disclosures, Singapore emerged as Nvidia’s second-largest market after the United States in 2024, accounting for a significant portion of the chipmaker’s revenue. However, Singapore clarified that only a minimal percentage of Nvidia’s chips were physically deployed in the country’s data centers. The situation underscores the complexities of global chip supply chains and export regulations.

    Meanwhile, separate charges in the U.S. implicated individuals associated with Super Micro, alleging involvement in the illegal transfer of over $2.5 billion worth of U.S. AI technology to China, violating export laws.

    Source: Tech-Economic Times

  • ChatGPT Integrates Shutterstock Content to Enhance AI Workflows

    This article was generated by AI and cites original sources.

    ChatGPT users now have seamless access to Shutterstock’s wide array of images, videos, and sound files directly within the AI platform. This integration streamlines the process for users to incorporate licensed media resources into their AI-native workflows.

    By simply entering a prompt, users can retrieve specific images and explore content from the Shutterstock app without leaving the ChatGPT environment. This collaboration enhances the creativity and visual appeal of AI-generated content and simplifies the search for relevant media assets.

    ChatGPT users can now access professional-grade visuals and audio elements sourced directly from Shutterstock’s extensive library, providing a convenient way to enhance their projects.

    Source: Tech-Economic Times