Chinese Investments targets start-ups to scale up in India
By MYBRANDBOOK
The COVID-19 pandemic has redefined contours of business continuity to lead us to the era of 'digiwork'. The demand placed on digital infrastructure has soared drastically. At the same time the Chinese investors have been making their presence felt in a big way in the Indian start-up ecosystem over the last few years. However, the recently amended FDI rules and the straining relationship following the recent border conflict between both the countries are likely to add roadblocks for Chinese investments in Indian start-ups.
With the majority of the big companies in China being state-owned, acquisitions of/investments in distressed assets by these companies during Covid-19 pandemic are seen as a potential threat and politically motivated move. In view of this, India amended its FDI policy in April 2020, which mandates government approval for all investments from nations with which it shares boundaries. Hence, with the amended FDI regulation, the companies heavily backed by Chinese investments are in a state of uncertainty for the capital raising.
Meanwhile, the Startup Association of India requested the Ministry of Commerce and Industry to review the amendment and sought start-ups raising money from existing Chinese investors to be kept out of the purview of this law. However, irrespective of the outcome, Chinese investments are likely to be clamped down, at least for some time with the latest border dispute taking anti-China sentiments to a new high. Indian start-ups are more likely to turn towards such non-Chinese investments.”
Likewise a person would consider how to do cost optimisation and minimize complexities as the cyber crooks have increased their attack by sending sextortion emails over the last few days. A sextortion or porn scam email is where cybercriminals email you out of the blue to claim that they’ve implanted malware on your computer, and been able to keep tabs on your online activity, along with video recorded from your webcam for creating an embarrassing video that they’re going to send to your friends and family.…unless you pay them blackmail money, usually somewhere from $1,500 to $4,000, paid in bitcoins.
Organisations are turning to chat, phones, email and telemedicine portals for remote counselling, health check-ups and diagnoses of employees. Digital channels are providing entertainment and online learning modules to families and children. There is a new environment that has ushered in the need to strengthen the cyber security framework. IT security professionals who raise their game and protect their companies’ people, technology and data from new or heightened risks of more sophisticated cybercriminals will be crucial players in the economic turnaround of the businesses.
The next target of the cyber crooks are gaming and video streaming as the Global Gaming Market to Witness a CAGR of 12% During 2020-2025 - Players Will Spend $4.5 Billion on Gaming in 2020. Rising internet penetration is driving the demand of the market. Developers are trying to stop hackers who search for vulnerabilities in a game’s code and use it to get special advantages, called cheats.
Last but not the least to secure the infrastructure, many organizations are frantically moving towards cloud computing and software products. As per a new IDC report, 64% of organizations in India are expected to increase their demand for cloud computing, while 56% are expected to demand for cloud software to support the new normal.
BSNL awards ₹5,000 Cr Project to RVNL-Led Consortium
A syndicate led by Rail Vikas Nigam Limited (abbreviated as RVNL), along wi...
Pinterest tracks users without consent, alleges complaint
A recent complaint alleges that Pinterest, the popular image-sharing platf...
Elon Musk's xAI is looking for Hindi-speaking 'AI tutors'
Tech billionaire Elon Musk's AI venture, xAI, is in search of AI tutors ...
Ericsson steps up focus on R&D in India
Ericsson (NASDAQ: ERIC) today announced that it is stepping up its focus o...
EXATRON SERVERS MANUFACTURING PVT. LTD.
BPE INDIA PVT. LTD.
TATA CONSULTANCY SERVICES
POLYCAB INDIA PVT. LTD
Icons Of India : NANDAN NILEKANI
Nandan Nilekani is the Co-Founder and Chairman of Infosys Technologies...
Icons Of India : Dilip Asbe
At present, Dilip Asbe is heading National Payments Corporation of Ind...
ICONS OF INDIA : S KRISHNAN
S Krishnan as the secretary for the electronics and information techno...
GSTN - Goods and Services Tax Network
GSTN provides shared IT infrastructure and service to both central and...
NIC - National Informatics Centre
NIC serves as the primary IT solutions provider for the government of ...
HPCL - Hindustan Petroleum Corporation Ltd.
HPCL is an integrated oil and gas company involved in refining, market...
Indian Tech Talent Excelling The Tech World - RAVI KUMAR S, CEO- Cognizant
Ravi Kumar S, appointed as CEO of Cognizant in January 2023, sets the ...
Indian Tech Talent Excelling The Tech World - Shantanu Narayen, CEO- Adobe Systems Incorporated
Shantanu Narayen, CEO of Adobe Systems Incorporated, is renowned for h...
Indian Tech Talent Excelling The Tech World - Anirudh Devgan , President, Cadence Design
Anirudh Devgan, the Global President and CEO of Cadence Design Systems...