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Tag: Tech-Economic Times

  • Deccan AI Secures $25 Million to Enhance Enterprise-Focused AI Solutions

    This article was generated by AI and cites original sources.

    Deccan AI, an AI technology company, has successfully raised $25 million in funding. The investment round was led by growth equity firm A91 Partners and included contributions from Susquehanna International Group (SIG) and Prosus Ventures. This funding will enable Deccan AI to further develop its high-accuracy AI solutions tailored for enterprises and cutting-edge model labs, as shared by the company’s founder Rukesh Reddy in an interview with ET.

    The growing demand for advanced AI technologies in the business world underscores Deccan AI’s focus on creating enterprise-focused AI systems. By securing this substantial investment, the company is positioning itself to innovate and deliver AI solutions that meet the evolving needs of modern enterprises.

    This funding milestone not only highlights Deccan AI’s potential for growth and expansion but also signals investor confidence in the company’s AI capabilities. With a specific emphasis on serving enterprise clients and frontier model labs, Deccan AI aims to push the boundaries of AI application in various sectors.

    Source: Tech-Economic Times

  • India Explores Social Media Child Locks to Address Growing Concerns

    This article was generated by AI and cites original sources.

    The Indian government is considering the implementation of child locks on social media platforms to regulate and restrict children’s access. Discussions are underway to evaluate the technical capabilities necessary for such controls, as current platforms lack age-based restrictions. Concerns over the negative impacts of social media, including the spread of misinformation and issues of addiction, have prompted this initiative. Various states are also exploring measures to limit children’s social media usage, while global trends are influencing India’s evolving strategy in this domain.

    Source: Tech-Economic Times

  • Government Subsidies Reshape India’s Digital Payments Landscape

    This article was generated by AI and cites original sources.

    The Indian government has provided approximately Rs 8,000 crore in subsidies to the digital payments industry over the past four years, aimed at boosting the adoption of UPI and RuPay debit card transactions. This policy shift, which includes the removal of Merchant Discount Rate (MDR) on these payments, has been a significant driver of this initiative. However, the fintech sector is currently awaiting payouts for the fiscal year 2026, raising concerns about the industry’s operational costs, potential slowdown, and future growth prospects.

    This subsidy injection marks a pivotal move in promoting cashless transactions and accelerating the adoption of digital payment methods across the country. The government’s goal is to incentivize both businesses and consumers to embrace digital payment platforms, streamlining financial transactions and reducing dependency on traditional cash-based payments.

    As the industry navigates these subsidy adjustments, stakeholders are closely monitoring the impact on market dynamics, technological advancements, and user behavior patterns within the digital payments ecosystem. The subsidy reallocation underscores the government’s commitment to fostering a digitally inclusive economy, encouraging innovation, and enhancing financial accessibility for all segments of society.

    Source: Tech-Economic Times

  • India Debates Social Media Restrictions for Children: Implications on Tech Industry and Digital Payments

    This article was generated by AI and cites original sources.

    The Indian government is currently deliberating on implementing social media restrictions for children, sparking discussions on the tech industry’s role in safeguarding young users and the impact on digital payments. As reported by Tech-Economic Times, the proposals include a complete ban on social media for children, tiered access to age-appropriate content on platforms like YouTube and Facebook, and setting minimum age thresholds for access.

    States like Karnataka and Andhra Pradesh are taking proactive steps by proposing bans or restrictions on mobile phones and social media usage for children under 16 or 13, respectively. These measures aim to protect minors from harmful online content and promote responsible digital citizenship.

    Amidst these discussions, the digital payments sector is experiencing a decline in subsidies, with subsidies shrinking to Rs 8,000 crore over four years. Payment firms are grappling with revenue losses linked to MDR and decreasing subsidy payouts despite higher transaction volumes. This trend highlights the challenges faced by the industry in maintaining sustainable unit economics.

    Additionally, the recent conflict in West Asia is impacting India’s semiconductor plans, driving up the real cost of semiconductor production. Rising crude prices are inflating the prices of key petrochemical inputs essential for chip packaging. The sector’s reliance on imports like helium and bromine from specific regions adds vulnerability, necessitating the exploration of alternative, albeit less efficient, substitutes like nitrogen.

    As India navigates these tech and economic challenges, it underscores the importance of industry stakeholders collaborating to address regulatory changes, subsidy dynamics, and supply chain vulnerabilities.

    Source: Tech-Economic Times

  • Reliance Jio Platforms Seeks to Diversify Ownership Through IPO Stake Sale

    This article was generated by AI and cites original sources.

    Reliance Jio Platforms, the telecoms-to-AI conglomerate, is in discussions with 13 foreign investors, including Meta and Google, to sell approximately 8% of their individual stakes in an upcoming initial public offering (IPO) on the Mumbai stock exchange. This stake sale, representing around 2.5% to 3% of the company’s total shares, is part of a strategy to provide value to retail investors.

    The move comes as Reliance Jio Platforms prepares to seek IPO approval this week, indicating a significant shift in the company’s ownership structure that could impact its market standing. By offering a portion of their stakes to retail investors, Reliance Jio Platforms aims to broaden its investor base and generate interest in its future growth prospects.

    This initiative not only showcases the company’s commitment to democratizing ownership but also highlights the confidence foreign investors like Meta and Google have in the potential of Reliance Jio Platforms.

    Source: Tech-Economic Times

  • Ola Electric Expands Nationwide Upgrade Program for Electric Vehicles

    This article was generated by AI and cites original sources.

    Ola Electric is expanding its ‘Ola Insiders’ upgrade program to over 150 cities, allowing 80% of customers nationwide to easily transition to the latest Ola electric vehicles. This strategic move follows a successful initial rollout and underscores Ola’s commitment to enhancing accessibility and adoption of electric mobility solutions.

    By extending the upgrade program to a broader geographical reach, Ola Electric aims to accelerate the transition towards sustainable transportation options on a national scale. The program’s expansion reflects the growing interest and demand for electric vehicles in India, driven by advancements in battery technology and a heightened focus on environmental sustainability.

    This initiative simplifies the process for existing Ola customers to embrace electric vehicles, contributing to reduced carbon emissions and promoting eco-friendly commuting practices across diverse urban landscapes.

    Source: Tech-Economic Times

  • Kaspersky Report Highlights Offline Cyber Threats Targeting Indian PC Users in 2025

    This article was generated by AI and cites original sources.

    A recent report by cybersecurity firm Kaspersky reveals that in 2025, nearly one-third of computer users in India fell victim to local cyber attacks, despite being offline. Kaspersky’s data shows that over 6.46 crore local incidents were blocked in India last year, with threats often delivered through offline mediums like USB drives and other removable media.

    These attacks, which included worms and file viruses, underscore the persistent risks faced by Indian computer users. Notably, cybercriminals are resorting to tactics like distributing fake versions of popular collaboration tools such as Microsoft Teams and Google Drive to deceive users into downloading malware. This malicious software aims to steal sensitive information like login credentials, banking details, and personal data.

    The rise in remote and hybrid work setups has provided cybercriminals with ample opportunities to exploit common tools and devices used daily by individuals. Kaspersky’s Managing Director for Asia Pacific, Adrian Hia, highlighted a significant surge in password stealers and spyware detections globally, alongside a notable increase in malicious files targeting the Asia Pacific region specifically.

    Source: Tech-Economic Times

  • Apple Introduces Age Verification for UK Users to Enhance Online Child Safety

    This article was generated by AI and cites original sources.

    Apple has initiated the rollout of age verification requirements for its UK users through a recent software update. This move aligns with broader efforts by authorities to address concerns regarding online safety and children’s exposure to inappropriate content.

    As part of the software update introduced on Wednesday, Apple users in the UK will now encounter age checks to access certain features or content within the ecosystem. This step reflects Apple’s commitment to meeting regulatory demands and prioritizing user safety, particularly for younger individuals who engage with its products and services.

    By implementing these age verification mechanisms, Apple aims to create a more secure digital environment for its UK user base. While this development may impact user experience by adding an additional layer of authentication, it underscores the company’s proactive stance in addressing societal issues related to online interactions and content consumption.

    Source: Tech-Economic Times

  • Los Angeles Jury Delivers Verdict in Landmark Trial on Social Media Addiction Involving Meta and Google

    This article was generated by AI and cites original sources.

    A Los Angeles jury has reached a verdict in a significant trial focused on the impact of social media platforms, particularly Meta’s Instagram and Google’s YouTube, on user addiction. The outcome of this case highlights the growing concerns surrounding the addictive nature of these platforms and their influence on user behavior.

    The trial, which concluded on Wednesday, has drawn widespread attention to the tech industry’s responsibility in addressing issues related to user engagement and mental health. While the specifics of the verdict have not been disclosed, the decision is expected to have implications for how these tech giants approach the design and implementation of their platforms.

    As society grapples with the influence of social media on well-being, this trial serves as a reminder of the importance of ethical considerations in the development and deployment of technology. The verdict underscores the need for greater transparency and accountability within the tech industry, as it navigates the complex landscape of user engagement and addiction.

    Source: Tech-Economic Times

  • Infosys Expands US Presence with Acquisitions of Optimum Healthcare IT and Stratus

    This article was generated by AI and cites original sources.

    Infosys, the global technology services and consulting company, has announced significant moves to strengthen its presence in the US market. In all-cash deals, Infosys will acquire two American firms – Optimum Healthcare IT and Stratus.

    Infosys will acquire Optimum Healthcare IT, a prominent healthcare consulting firm, for $465 million. This acquisition marks Infosys’ strategic entry into the healthcare sector, expanding its service offerings in this critical industry.

    Additionally, Infosys will acquire Stratus, an insurance technology company, for $95 million. This acquisition aligns with Infosys’ focus on enhancing its capabilities in the insurance domain, diversifying its portfolio to cater to a broader range of client needs.

    These acquisitions not only strengthen Infosys’ foothold in the US but also position the company as a key player in the healthcare and insurance technology sectors. The moves underscore Infosys’ proactive approach to growth and innovation in the evolving tech landscape.

    Source: Tech-Economic Times