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”.

"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.

Private banks including HDFC Bank, ICICI Bank and Axis have been spending a lot on expanding their operations into the hinterlands of the country, contrary to public sector banks which have been investing in building capabilities and enhancing their digital functions. What’s driving this change? Is phygital the new norm in banking? Find out more here.

The 24% quarterly growth follows a slower-than-expected 16% growth in the January to March quarter, as reported by ET in May. While certain segments like pharma and eye wear have grown at a faster clip, senior ecommerce industry executives said there is an emerging trend of slowdown in online sales of low-priced items across categories like fashion, appliances, etc.

The past 18 months have seen turmoil in the crytpo market, including the failure of TerraUSD, an unbacked stablecoin, in May 2022, the collapse of crytpo exchange FTX in November and the bankruptcy of banks such as Silicon Valley Bank and Signature Bank, which serviced crypto providers.

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.

Services that have been automated include issuance of health & general insurance policies, RE-KYC, nomination facility, and online bill payment.

Cloud Compute is our latest cloud based data centre service allowing you to self-service and access cloud based infrastructure globally.It's all about choice and flexibility, building the service you need as for long as you need it. Setting up infrastructure that perfectly aligned, faster than ever with near instant provisioning times across private and public availability zones.

There’s a growing phenomenon in CIOs’ lives, and it’s called Shadow IT: other departments like finance and marketing bypassing the IT department and buying their own technology.

It’s no longer enough to follow cybercrime trends and react to them. You need to be constantly monitoring and anticipating threats, because these days the stakes are simply too high not to.

A BT One Enterprise Cisco solution makes voice calls between the UK and India simple and immediate. In most cases they’re free of charge too. Best of all, the employees feel as one with the BT global team.

Cisco unified communications give your teams the freedom to be productive from anywhere, on any device, with Cisco Jabber. Available as one of our Cisco cloud services or as an on-premises solution, Cisco Jabber lets you access presence, instant messaging, voice, video, voice messaging, desktop sharing, and conferencing.Now you can find the right people, see if and how they are available, and collaborate using your preferred method.

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.

SASOL has adopted telepresence for collaboration between far-flung executives in Europe, North America and Africa. Running over the BT IP Connect global network it also enables federation with customers and suppliers. The solution’s earned Alec’s team a special recognition award from the CEO for bringing the company’s One SASOL philosophy and vision vibrantly to life

Care isn’t just part of the name at GSK Nutritional Healthcare. It’s at the heart of its customer help lines. But Ashley Thomas knew that the company’s legacy telephone technology was becoming a bit of a hindrance. Keen to boost customer service with new technology, a review of the market led Ashley to BT Cloud Contact

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 .

Tesco, one of the world’s largest retailers, is using the BT Cloud Contact solution to give its UK customers an enhanced, more flexible and more responsive contact centre service.

TECH-AI-OpenAI and rivals seek new path to smarter AI as current methods hit limitations

A new survey of over 500 HR professionals, titled "HR Report on AI: Insights on HR’s Readiness and Risk Management" reveals that while 63% are concerned about data privacy and security related to AI, 40% of organisations lack clear policies governing its use. This highlights a critical need for HR to establish guidelines and training for responsible AI adoption to mitigate risks and leverage its potential benefits.

The maker of SN40L reconfigurable dataflow unit (RDU) chip has positioned itself as a power-efficient alternative meant for better inferencing speed and accuracy as compared to Nvidia GPUs. Backed by investors like SoftBank, Blackrock, Intel Capital, GV, Walden International, Temasek and GIC, the AI chip maker is valued at $5.1 billion and serves customers like Saudi Aramco, Accenture and Analog Devices.

The country's leading search engine company is among tech firms shifting their focus to the commercialisation of large language model (LLM) applications after nearly two years of heavy investment in research and development in models that they tout as alternatives to OpenAI's GPT.

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.

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.

Prashant Kumar on Tuesday said the security arrangements at the Mahakumbh Mela will be equipped with advanced technology, including the use of Artificial Intelligence (AI). After a review meeting on preparations for the Mahakumbh Mela with Chief Secretary Manoj Kumar Singh, the DGP told reporters, "Our control room will have data of around 1 million suspicious individuals, and we will closely monitor all types of anti-social elements."

In this exclusive interview with ETCIO, Derek Gittoes, Vice President of Supply Chain Management Product Strategy at Oracle, shares valuable insights into the current trends shaping the future of supply chain management.

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.

The government of Assam is planning to pass a law that will require residents in the city of Guwahati to have closed-circuit television (CCTV) cameras installed in their homes and in apartments. The purpose of this law is to help the police detect crime, similar to the system in Hyderabad. The police also decided at a review meeting that family members of police personnel killed in terror attacks will be given government jobs.

The No.1 cryptocurrency has clocked a 26% gain in January, leaping 22% in the past week alone, breaking back above the $20,000 level and putting in on course for its best month since October 2021 - just before the Big Crypto Crash.

Previously, users were able to access Apple TV without needing any other Apple hardware. Users were allowed to set up the Apple TV, install apps, and make purchases completely independently. Sometimes users needed a web browser on a PC to perform the typical Apple ID management duties (if its necessary).

OpenAI took the internet by storm as its AI chatbot ChatGPT wowed people with its ability to formulate detailed and human-like answers on a wide range of subjects in a few seconds.

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.

Oppo aims to make generative artificial intelligence accessible to 50 million users by 2024 through collaborations with Google and Microsoft, joining other handset makers like Samsung and Xiaomi in leveraging AI for sales growth.

The association suggested that All India Radio separately assess DRM and HD Radio for MW and SW bands, which fall under its exclusive remit. It also recommended that analogue transmission should not be interrupted until digital receivers are adopted by more than 80% of the population to ensure accessibility.

In the business world, AI advocates tell companies and workers that they will fall behind if they fail to integrate generative AI into their operations. In the sciences, AI advocates promise that AI will aid in curing hitherto intractable diseases.

With global temperatures rising, an international group of 22 top biologists is calling for a coordinated effort to gather important species information that is urgently needed to improve predictions for the impact of climate change on future biodiversity.

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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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A Johns Hopkins University researcher noticed the bats he works with cocked their heads to the side, just like his pet Pug.

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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.

Amazon's shares were 1.2% higher at $128.84 in early afternoon trading.

In just four hours of its launch, the social media platform has recorded over five million signups, Zuckerberg announced on Thursday.

In a meeting with IT minister Ashwini Vaishnaw, held earlier this week, the companies said the import licensing requirement puts "unnecessary pressure" since there is no ecosystem in place in India at present to manufacture these products such as laptops, tablets and servers, executives present at the meeting told ET.

Industry executives have informed the Ministry of Electronics and Information Technology (MeitY) about the extended timelines for acquiring BIS (Bureau of Indian Standards) certification. This is due to the mandatory separate tests for battery packs installed on laptops, after running viability tests for making the products with local contract manufacturers.

During this year’s festive season sales, credit cards and credit-based payment instruments like pay-later products saw a significant increase, according to industry reports. Transactions rose by 35-50% compared to last year, with a large share being made through credit cards, EMIs, and pay-later options. Unified Payments Interface (UPI) remained the dominant payment method, with a 34% rise in transactions and over 500 million daily payments recorded.