Given the low base and huge demand, the digital lending industry remains in an expansive phase. According to a recent report by IIFL FinTech, the digital lending market is expected to grow to a whopping USD 515 billion by 2030.

Over a third of Indonesia's population do not have access to the web, especially in far-flung areas of the world's fourth most populous country.

Internet and Mobile Association of India (IAMAI) had submitted its views to the CDCL opposing the prescription of ex-ante regulations for digital companies, saying that ex-ante measures “may limit growth not only of the market in question but the digital economy altogether”.

Under the proposed legislation, the owners of platforms like Facebook, Google, Twitter, TikTok and podcasting services would face penalties worth up to five percent of annual global turnover -- some of the highest proposed anywhere in the world.

"With the development of Asia's largest airport at Jewar, the freight corridor, data centres, food park, toy park, medical device park, an Integrated Industrial Township in Greater Noida, multi-modal transportation hub, the region managed by the Noida, Greater Noida and Yamuna Expressway authorities has got a new identity," Nand Gopal Gupta said.

The draft was due to be released earlier this month, but was held back for fresh consultation with legal and industry leaders. This follows feedback from experts during the government’s outreach on the proposed Act, which began in March across multiple cities, including Bengaluru and Mumbai. The proposed regulations may also include provisions requiring companies to inform consumers how their data is being processed, sources said.

Digital euro enthusiasts say it will complement cash and ensure the ECB does not leave a gap that could be filled by private, usually non-European, players and other central banks. Critics question the need for a digital euro and banks warn of major risks, while the ECB's own study found the public was concerned over payment privacy.

Google was fined 2 billion roubles in February 2022. The Federal Antimonopoly Service (FAS) at the time said Google's YouTube had a "non-transparent, biased and unpredictable" approach to "suspending and blocking users' accounts and content". The FAS said the previous fine it imposed on Google had been doubled due to non-payment.

The shutdowns also led to a loss of nearly $118 million in foreign investment and triggered over 21,000 job losses, the global non-profit Internet Society said in its report 'Netloss'.

Meta announced the LLaMA in February this year in several sizes (7B, 13B, 33B, and 65B parameters) so it can be used by a range of users and companies. At I/O 2023, Google also talked about multiple LLMs that are suited to companies of different sizes.

Every year some of the world’s best young musicians would jet into London to audition for a bursary with the Southbank Sinfonia. Simon Over wanted to cut down on those thousands of air miles and hours in transit. He also didn’t want to miss out on youngsters who couldn’t afford the fare.

A BT cloud-based virtual contact centre helps Etihad deliver own-language service excellence to guests from 37 countries

An infrastructure offering high levels of quality and flexibility was required as a platform for a new system. Buying or renting new servers – and connecting and configuring them in short timescales – would be an expensive and challenging task. The IMV technical team turned to BT and asked whether it would be possible to set up the system in a virtual environment .

The Bangalore-based firm, backed by investors such as Peak XV Partners and Lightspeed India Partners, has held talks with investment banks to help prepare for a potential IPO in Mumbai next year, as per sources.

India is leading in Artificial Intelligence (AI) adoption, according to new research by Boston Consulting Group (BCG), which pegged that 30 per cent of Indian companies are maximizing value through the use of such emerging technology.

By adjusting global cybersecurity tools and strategies to fit Indian requirements, distributors help companies of all sizes -- small businesses to large corporations -- adopt security solutions that are practical, effective, and scaled appropriately for their environments.

"In 2025, Indian chief information officers (CIOs) will start allocating budgets for generative AI (GenAI) beyond initial proof-of-concept projects," said Naveen Mishra, VP Analyst at Gartner.

"Every other telco will have to follow this new wave," SoftBank Group CEO Masayoshi Son said at an AI event where he was speaking alongside Nvidia CEO Jensen Huang.

AWS said researchers from Carnegie Mellon University and the University of California, Berkeley, are taking part in the program. The company plans to make 40,000 of the first-generation Trainium chips available for the program.

With AI-driven transformation, India is projected to increase its workforce from 423.73 million in 2023 to 457.62 million by 2028, a net gain of 33.89 million workers, according to a report on Wednesday.

India's digital economy is booming, with fintech driving digital payments and e-markets expanding rapidly. Deputy Governor of Reserve Bank of India, Michael Debabrata Patra, stated that the digital economy currently makes up a tenth of India's GDP and is projected to reach a fifth by 2026.

About 73% of Instagram business accounts that self-identify as a women-owned business were set up in the last three years in India, the company revealed.

Nvidia CEO Jensen Huang has requested SK Hynix to expedite the delivery of HBM4 chips by six months. This request, revealed by SK Group Chairman Chey Tae-won, highlights the surging demand for Nvidia's AI accelerators, which heavily rely on HBM chips.

India's smartphone market is estimated to grow 7-8 per cent this year, driven by strong demand for premium, 5G and AI smartphones, according to a new report.

Certain antibiotic resistance genes are easily transferred from one bacterial species to another, and can move between farm animals and the human gut. A team led by Chinese researchers has characterized this "mobile resistome," which they say is largely to blame for the spread of antibiotic resistance. They found that many antibiotic resistance genes that are shared between the human and animal gut microbiome are also present in multiple human pathogens. These findings are published September 9 in Applied and Environmental Microbiology, a journal of the American Society for Microbiology.

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Many bacteria possess molecular spear guns, which they fire at enemies and rivals, thus putting them out of action. The tips of these nano-spear guns, known as Type VI secretion system (T6SS), are loaded with toxic molecules that lead to death of their adversaries. However, sometimes close related bacteria come under fire.

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For the first time, researchers from the Wellcome Trust Sanger Institute and their collaborators have been able to identify in human cancers two characteristic patterns of DNA damage caused by ionising radiation. These fingerprint patterns may now enable doctors to identify which tumours have been caused by radiation, and investigate if they should be treated differently.

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Top wearables brands such as Boat and Gizmore are making most products locally in key categories audio and smartwatch through electronics contract manufacturers such as Dixon Technologies and Optiemus Electronics. Domestic shipments of wearables jumped 81% on-year in the first quarter of calendar year 2023 to 25 million units, with India surpassing China to become the largest market in the world, according to IDC India.

According to RBI’s Bulletin for June, UPI transactions in May reached a record Rs 14.3 trillion in terms of value and 9.41 billion in volume. Unified Payments Interface (UPI) is expected to account for 90% of retail digital transactions volume in the next five years.

Apple has removed 25 VPN apps from its App Store in Russia, complying with orders from the communications regulator. This move comes amidst Russia's crackdown on VPNs and ongoing tensions with big tech companies over content regulation and censorship.

The research project "The Social Costs of incarceration" is the largest study of imprisonment and return to a normal life that has ever been conducted in Europe.

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An innovative underground radar technology developed at Louisiana Tech University is helping the City of Slidell in south Louisiana to identify and document underground infrastructure damage that had gone undetected in the months and years following Hurricane Katrina.

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The use of the technology will also require individual's consent, the CAC said in a statement. It added that non-biometric identification solutions should be favored over facial recognition in cases where such methods are equally effective.

For users in India between 13 and 18 years of age, apps may now have to get parental consent by verifying the identity of the children and their parents.. The Digital Personal Data Protection bill defines children as those below 18 years, which is above the global threshold. Users above 13 years of age, for example, are typically allowed on many social media platforms.

If Mehta rules that Google has been running an illegal monopoly in search, the punishment could open up new online avenues for consumers and businesses to explore in pursuit of information, entertainment and commerce.

Organizations can apply controls to identify, set and enforce policy, and gain visibility across all users, devices, and entities on the network to empower and enable work from anywhere.

At least 40 states have introduced bills this year to regulate AI, and a half dozen have adopted resolutions or enacted legislation aimed at the technology, according to The National Conference of State Legislatures.

Even as it’s suffering from a heavy debt load, billionaire Anil Agarwal’s metals and mining conglomerate is expanding in electronics components to take advantage of India’s push to become a technology manufacturing hub. The display business is separate from Vedanta’s struggling chip venture and may find an easier path to success as it’s a less techically demanding undertaking.

The open internet — comprising news and general websites, over-the-top (OTT) and connected TV (CTV), music streaming and online gaming — reaches almost 600 million consumers, which equates to nearly every internet user in India.

The Seattle-headquartered firm has reached 1.25 lakh exporters through the programme, officially called Amazon Global Selling, since inception, the statement said. Of them, over 1,200 exporters had crossed Rs 1 crore in sales in 2022, it added. Toys saw the greatest growth among all product categories, witnessing over 50% growth year on year, followed by kitchenware at over 35%, beauty at over 25%, and luggage at over 20%, the firm said in the statement.

One of the primary ways data and analytics are influencing the FMCG industry is through demand forecasting and inventory management. By analyzing historical sales data, market trends, and external factors like seasonality and economic indicators, FMCG companies can optimize their production and supply chain processes.

Fintech applications have simplified purchasing and put financial independence at everyone’s fingertips, challenging the traditional banking and lending system.

The round was led by venture capital firm IVP and valued the company at about $520 million, according to the company. NEA, NVIDIA, Databricks, and Bessemer Venture Partners also participated in the round.

Commerce Secretary Sunil Barthwal stressed how India's growth rate is nearly double that of other emerging market economies. He was speaking at an event in Singapore organized by the commerce ministry to showcase various investment opportunities in India.

While, traditionally, the financial services sector has taken a cautious approach to cloud adoption, the tide is turning, and adoption rates are accelerating across all cloud models.

Cloud major looking to export ‘great ideas’ from here, says Gaurav Arora, director and head of startup business in Asia Pacific and Japan at AWS.

Microsoft's clusters of Advanced Micro Devices' flagship MI300X AI chips will be sold through its Azure cloud computing service. AMD, which expects $4 billion in AI chip revenue this year, has said the chips are powerful enough to train and run large AI models.

The PCS market includes infrastructure-as-a-service (IaaS), platform-as-a-service (PaaS) and software-as-a-service (SaaS) solutions. Public Cloud adoption in India continued to rise as enterprises preferred public cloud services for their digital transformation initiatives, application modernization, and productivity enhancements.

According to the IT company Thales, Cloud security spending has now topped all other security spending categories. About 37 per cent of organizations have experienced a Cloud data breach in India, with 14 per cent having had one in the past year.

Leveraging Snowflake's AI Data Cloud has significantly reduced data processing time from days to minutes. This newfound agility has allowed Shiprocket to optimise operations, improve decision-making, and ultimately deliver a seamless e-commerce experience for its seller base, the company said.