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Digital India Bill to bring smartwatches, wearable devices under regulation

The Digital India Bill proposes to bring smart watches, spy camera glasses or any other wearable devices under stringent regulation. The Bill will replace the Information Technology Act (IT Act) 2000, and will mandate the consumers for these products to go through ‘strict KYC’ process....

Salesforce introduces Einstein GPT for CRM

Salesforce has launched Einstein GPT, the generative AI CRM technology, which delivers AI-created content across every sales, service, marketing, commerce, and IT interaction, at hyperscale. With Einstein GPT, Salesforce will transform every customer experience with generative AI....

MeitY to explore verification process for loan apps with RBI

The Ministry of Electronics and Information Technology (MeitY) expresses a wish to establish a verification process to prevent the proliferation of harmful loan apps in Google or Apple app stores, Minister of State for Electronics and Information Technology Rajeev Chandrasekhar said during an event in Mumbai. Chandrasekhar said that the ministry will meet with the Reserve Bank of India and the Ministry of Finance to discuss this matter. ...

JioThings Smart Utility Platform to deploy smart prepaid meters in Bihar with EESL

JioThings Smart Utility Platform has partnered with Energy Efficiency Services Limited (EESL), the joint venture of leading Public Sector Enterprises under the Ministry of Power, to deploy 1 million smart prepaid meters in Bihar. ...

Foxconn looking for cooperation with India in chip and EV

Foxconn, a major supplier of Apple Inc, said that the company was seeking cooperation in India in areas such as chips and electric vehicles (EVs) after a visit to the country by its Chairman, Liu Young-way....

CAMS to buy majority stake in Think Analytics India

The registrar and transfer agent of mutual funds, Computer Age Management Services has inked an agreement with Mumbai-based AI and data science firm Think Analytics (Think360 AI) to buy a majority stake in it. ...

Parliamentary panel gives nod to Data Protection Bill: Ashwini Vaishnaw

According to Union Minister Ashwini Vaishnaw, the parliamentary standing committee on IT has given a nod to the Draft Digital Personal Data Protection Bill (DPDPB)....

Rockwell Automation acquires Knowledge Lens

Rockwell Automation has acquired Knowledge Lens for an undisclosed sum which will help Rockwell expand its capabilities to unlock the power of data, enable autonomous manufacturing, and drive continuous optimization for more manufacturers....

Japan, U.S., South Korea, Taiwan hold talks for a framework on supply of semiconductors

In a bid to outcompete China technologically, the Biden administration launched a new dialogue forum with Japan and South Korea on friend-shoring semiconductors. Japan, the United States, South Korea and Taiwan have held the first meeting of senior officials under a new U.S.-led framework to help ensure a stable supply of semiconductors. ...

Axis Bank completes acquisition of Citibank's retail biz for Rs 11,603 cr

Axis Bank has completed the acquisition of Citibank's retail business in India which was announced first in March last year, for a final cash consideration of Rs 11,603 crore. The third-largest private sector bank said a total of 2.4 million Citi customers in the country have consented to bank with Axis Bank after the deal, as against 3 million at the time of announcing the deal. 96 per cent or 3,200 of the Citi employees have joined the bank now. ...