Representative Image Social media giant Facebook is expected to face more trouble in India after a former employee accused the US-based company of failing to disclose the existence and removal of “a politically-sophisticated network of more than a thousand actors working to influence” the assembly elections in Delhi earlier this year. A former data scientist […]
Government plans to introduce law to ban cryptocurrency trading
India plans to introduce a new law banning trade in cryptocurrencies, placing it out of step with other Asian economies which have chosen to regulate the fledgling market. The bill is expected to be discussed shortly by the federal cabinet before it is sent to parliament, according to people familiar with the development who who […]
Government plans to introduce law to ban cryptocurrency trading
India plans to introduce a new law banning trade in cryptocurrencies, placing it out of step with other Asian economies which have chosen to regulate the fledgling market. The bill is expected to be discussed shortly by the federal cabinet before it is sent to parliament, according to people familiar with the development who who […]
Record transactions worth Rs 5.99 lakh crore via mobile apps in June
Illustration: Rahul Awasthi More Indians used their mobile phones to make payments and to transfer funds in June, than in any previous month since the Reserve Bank of India started recording such data in July 2011. A total of 1.66 billion transactions worth Rs 5.99 lakh crore were processed by various mobile-based banking and payment […]
Record transactions worth Rs 5.99 lakh crore via mobile apps in June
Illustration: Rahul Awasthi More Indians used their mobile phones to make payments and to transfer funds in June, than in any previous month since the Reserve Bank of India started recording such data in July 2011. A total of 1.66 billion transactions worth Rs 5.99 lakh crore were processed by various mobile-based banking and payment […]
Fashion etailers, brands look to get back in shape during festivals
Illustration: Rahul Awasthi Online fashion and beauty marketplaces Myntra and Nykaa as well as brands are gearing up for a strong rebound this festive season after a weak first half impacted by the Covid-19 pandemic, top executives told ET. The fashion and beauty categories were the hardest hit by the nationwide lockdown as people cut […]
Fashion etailers, brands look to get back in shape during festivals
Illustration: Rahul Awasthi Online fashion and beauty marketplaces Myntra and Nykaa as well as brands are gearing up for a strong rebound this festive season after a weak first half impacted by the Covid-19 pandemic, top executives told ET. The fashion and beauty categories were the hardest hit by the nationwide lockdown as people cut […]
No regulation needed for communication apps: Trai
In key recommendations regarding operations of global communication apps in India, telecom regulator Trai has said services such as WhatsApp, Facebook Messenger, Apple FaceTime, Google Chat, Skype, Telegram and even newer players such as Microsoft Teams, Cisco Webex and Zoom should not be bound by a regulatory regime as of now and there should not […]
Former Facebook employee accuses firm of failing to act on political manipulation: Report
Former Facebook data scientist Sophie Zhang has alleged in a 6600-word memo that the social media giant knew leaders of countries around the world, including India, were using their site to manipulate voters — and failed to act, according to a news report by Buzzfeed. Her memo is filled with concrete examples of heads of […]
No easing of India ban post TikTok’s Oracle deal, say officials
New Delhi | Bengaluru: TikTok and Oracle’s business partnership in the US is unlikely to lead to an easing of the ban on the short-video platform in India, two senior government officials told ET. The officials said the partnership, even if it extends to India, will not be adequate as it does not assure the […]