Page 2 - Information Technology

Indian shares hit record highs helped by gains in IT and consumer firms

The consumer goods index was up 0.4 per cent and was among the top gainers of the 13 major sub-indexes

Balance privacy & AI innovation in DPDP rules: Global tech body urges govt

Asks for a compliance period of 18-24 months to the data protection legislation

Global tech body concerned over future after import mgmt scheme expires

ITI represents 80 technology firms around the world, including giants like Apple, Amazon, Google, Dell, Microsoft, and Tata Consultancy Services

Microsoft acquires 16.4-acre land parcel for Rs 520 crore in Pune

The information technology conglomerate recently acquired a 16.4-acre land parcel for Rs 520 crore in Pune's Hinjewadi

MeitY urges swift removal of fake content by intermediaries after HC order

The Bombay High Court ordered the deletion of false information following the circulation of fake videos featuring NSE's MD and CEO Ashishkumar Chauhan

Ashwini Vaishnaw, Anil Kapoor among Times 100 most influential people in AI

The Times has released its list of the 100 most influential people in artificial intelligence. Who are the Indians featured on it?

HCL Tech's market cap nears Rs 5 trillion; stock zooms 46% from June low

With HCL Tech's stock up 3 per cent at 11:58 AM, the market cap of the company stood at Rs 4.9 trillion, and 2 per cent away from the Rs 5-trillion-mark, exchange data showed.

Why brokerages are bullish on IT stocks going ahead? Check details here

"Indian IT services growth would continue to outpace the global market and other key geographies materially," said Prabhudas Lilladher

Telegram issue: IT Ministry asks MHA to check status, violations in India

In light of Telegram Chief Pavel Durov's arrest in Paris for offences related to his messaging app, IT Ministry has asked the Ministry of Home Affairs for an update on where things stand in the Indian context and if there are any violations here as well, sources said. An email query sent to IT Ministry on the issue, elicited no immediate reply. Sources, meanwhile, said, "In light of what has happened in France, IT Ministry has asked Ministry of Home Affairs to check on complaints pending against Telegram and what action can be taken." They pointed out that IT Ministry is not an investigating agency in this regard, and that even CERT-In under the Ministry focuses on cybersecurity offences not cybercrimes per se. "The basic question here is are there any complaints, is there similar situation in India, and what is the status, and what action is required," according to sources. Asked if Telegram, being a messaging app, can cite safe harbour clause, sources said in that case they will

20 years since listing: TCS gives 77.5% cash returns to investors

In 2004, TCS made history with the first $1 billion initial public offering (IPO) by a private-sector company in India. Tata Sons diluted 14 per cent of its equity shares

Merely stating facts not enough to overcome misinformation: Study

Refutational approaches are more effective in combating science misinformation rather than just stating facts, according to a study. Researchers found that among 152 college students exposed to misinformation, those who read an article purely carrying facts retained more misconceptions than those who read an article with a refutation. The findings are published in the Journal of Research in Science Teaching. "Refutational approaches seem to work really well. While it's always best to get out in front as a teacher or communicator, students have smartphones. They're going to run into misinformation quickly. If we take this refutational approach, we're more likely to overcome misinformation," lead author Robert Danielson, a Washington State University educational psychology researcher, said. For the study, the researchers first tested what the student participants knew about putting fluoride in water. The students then read two articles: one with false information saying that ...

Meity asks social media platforms to comply with SC order in Kolkata case

The Supreme court had directed for removal of name and all media content of the deceased from the Internet

Orient Technologies' Rs 215 cr IPO to open for subscription on Aug 21

Information technology solutions provider Orient Technologies Ltd on Friday said it has fixed a price band of Rs 195-206 a share for its Rs 215-crore initial public offering. The initial share sale will open for public subscription on August 21 and conclude on August 23, the company announced. The initial public offering (IPO) is a combination of a fresh issue of Rs 120 crore and an offer for sale of up to 46 lakh equity shares valued at Rs 95 crore, at the upper end of the price band, by promoters. This aggregates the transaction size to Rs 215 crore. Those offloading shares in the OFS are Ajay Baliram Sawant, Umesh Navnitlal Shah, Ujwal Arvind Mhatre, and Jayesh Manharlal Shah. Proceeds from the fresh issue to the tune of Rs 79.65 crore will be used for funding capital expenditure requirements, Rs 10.35 crore for the acquisition of office premises at Navi Mumbai, and a portion will also be used for general corporate purposes. Investors can bid for a minimum of 72 equity shares a

90% women view GenAI as crucial for career growth, says Nasscom-BCG report

As GenAI is projected to dominate 33 per cent of the global AI landscape by 2027, the AI market is expected to reach $320-380 billion, growing at a CAGR of 25-35 per cent, said the report

The tax issue: Karnataka withdraws Infosys notice, Centre may go for review

DGGI to examine if June 26 circular can apply in this case

Indian IT firms cautiously advance GenAI projects, facing scaling hurdles

Despite the hype, top IT firms and analysts caution over slow adoption and high abandonment risks in generative AI projects

First draft of new I-T law to be prepared by tax dept panel: Revenue Secy

The first draft of a new simplified income tax law, as proposed in the Budget, will be prepared by an internal committee of the tax department and will undertake stakeholder consultation before finalising the legislation, Revenue Secretary Sanjay Malhotra said on Thursday. Malhotra said that the exercise is not linked to bringing a new direct taxes code, but a comprehensive review of the income tax law. Finance Minister Nirmala Sitharaman in her Budget speech earlier this week announced that a comprehensive review of the Income-tax Act, 1961 will be completed in six months. "The purpose is to make the Act concise, lucid, easy to read and understand. This will reduce disputes and litigation, thereby providing tax certainty to the taxpayers. It will also bring down the demand embroiled in litigation," Sitharaman said. To a question whether the review would mean that the government will come with a direct tax code, Malhotra said "It is not a new direct tax code... It is a comprehensiv

Kotak Mahindra Bank hires GT Bharat as external auditor to review IT system

The private sector lender has also beefed up internal teams to fix issues and tone up the working of the systems

IT ministry asks tech firms to find age verification methods under data law

They have to 'figure out' how they want to implement age-gating requirement, says source

Bharti Airtel bags multi-yr contract from CBDT to provide network solutions

The Central Board of Direct Taxes (CBDT) on Thursday signed a multi-year contract with telecom major Bharti Airtel, under which the latter will provide network and connectivity solutions for CBDT's Taxnet-2.0 programme. This contract is an extension as Airtel has been the network partner to CBDT since 2008 in Taxnet-1.0. "The formal Letter of Award was handed over to Bharti Airtel by the Central Board of Direct Taxes (CBDT) and the Letter of Acceptance has been given by Bharti Airtel to CBDT. The occasion was graced by Mr. Sunil Bharti Mittal, Founder and Chairman, Bharti Enterprises, and Mr Ravi Agarwal, Chairman, CBDT," Airtel said in a statement. Airtel will provide robust dual connectivity with Software Defined Network for WAN, and Secure LAN amongst other technology solutions for CBDT's Taxnet-2.0 programme, which aims to modernise the current system for collection, processing, monitoring and accounting of direct taxes, it said.