Tech & Internet
DPDP likely to offer consent framework instead of exact rules
Rules under the Digital Personal Data Protection (DPDP) Act may prescribe an umbrella framework for companies on consent management instead of issuing exact rules, sources in the know told ET. The rules may provide certain exemptions to schools, colleges, and universities on processing and obtaining parental consent, but edtech companies will not be out of the net.
Banks step up vigil on fraudulent account opening via digital banking channels
“Some of the largest banks in the country could be processing around Rs 300-400 crore worth of fraudulent transactions through mule accounts on a monthly basis; for mid-tier banks, the amount could be around Rs 50-100 crore," a senior banker with a private sector bank said on the condition of anonymity.
Google offered to sell advertising marketplace AdX in EU antitrust probe
The European Commission last year charged Google with favouring its own advertising services, opening its fourth case against the world's most popular search engine and targeting a highly lucrative business.
Zomato gets fresh GST demand, penalty order of Rs 17.7 crore
The demand order, received by the company on Tuesday, is with respect to non- payment of GST on delivery charges and interest, penalty thereon.
Amazon boosts warehouse worker pay by at least $1.50 an hour
Employees will start receiving Prime, Amazon’s speedy shipping and video subscription service, as part of their compensation beginning early next year, the company said. The additional investment in pay and benefits, $2.2 billion, is the company’s largest, logistics chief Udit Madan said in the blog.
Cabinet clears establishment of National Centre of Excellence for animation, VFX
The government in its statement on Wednesday said the AVGC-XR sector plays an indispensable role in the entire realm of media and entertainment including filmmaking, over the top (OTT) platforms, gaming, advertisements and several other areas including health, education and other social sectors.
Facebook parent Meta Platforms beats lawsuit over Apple privacy, COO Sandberg disclosures
The Oakland, California-based judge also turned aside claims that Meta knew its transition to Reels, which copied TikTok's short-form video format, would hurt revenue because it offered fewer ads per hour than older formats.
Google urges tribunal to throw out $9.3 billion UK lawsuit over search 'dominance'
The lawsuit - valued at up to 7 billion pounds ($9.3 billion) - is the latest case focusing on the business practices of Google, which is currently facing a major antitrust trial in the United States over its online advertising business.
Qualcomm loses court appeal against European Union antitrust penalty in chipset case from 2019
The European Union's General Court said it was rejecting most of Qualcomm's appeal against the 242 million euro ($269 million) fine that the bloc's regulators issued in 2019, accusing the company of "predatory pricing" to drive a competitor out of the market.
Union Cabinet approves Chandrayaan-4, Venus Orbiter Mission
The project is estimated to cost Rs 2,104 crore. The Indian government has also approved the construction of the first unit of the Bharatiya Antariksh Station, extending the scope of the Gaganyaan programme.