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BusinessToday.in
New Delhi, July 17, 2018
TRAI has recommended a series of measures on 'privacy, security, and ownership of data in telecom networks'. It said consumers have the primary right over their data. Watch Business Today's Senior Associate Editor Manu Kaushik talk about new recommendations with Danny D'Cruze.


BusinessToday.in
New Delhi, July 17, 2018
TRAI released new recommendations for telecom service providers (TSPs)TRAI has recommended a series of measures on 'privacy, security, and ownership of data in telecom networks'. It said consumers have the primary right over their data. \"The right to choice, notice, consent, data portability, and right to be forgotten should be conferred upon the telecommunication consumers,\" TRAI recommended to the Department of Telecom.Xiaomi Mi A2 Lite listed on AliExpress at $190Xiaomi Mi A2 is one of the most anticipated mid-range smartphones in India. The Mi A2 will be the second generation Android One smartphone launched by Xiaomi. Xiaomi introduced its first Android One smartphone last year and the device will be completing its update cycle in September this year.Galaxy Note 9 spotted in Samsung Mobile chief Dj Koh's handsSamsung Galaxy Note 9 is one of the most anticipated flagship smartphones. We know that the phone will launch on August 9 but it seems Samsung Mobile Chief couldn't wait for the launch date. The executive was spotted with a Samsung Galaxy Note 9 device. Though it looked a lot like the Galaxy Note 8, the placement of fingerprint sensor gave it away.


BusinessToday.in
New Delhi, July 17, 2018
TRAI released new recommendations for telecom service providers (TSPs); Xiaomi Mi A2 Lite listed on AliExpress at $190; Galaxy Note 9 spotted in Samsung Mobile chief Dj Koh's hands. Watch more in this episode of Daily Tech Wrap with Danny D'Cruze.


BusinessToday.In
New Delhi, July 17, 2018
Changes in visa rules to have serious adverse consequences on US economy: Nasscom  Indian IT body Nasscom has said the recent work visa-related changes announced by the US will have \"potentially serious adverse consequences\" on the American economy as it will make it more difficult for companies to employ skilled foreign nationals to fill critical skills gaps in the US. One of the changes, which come into effect on September 11, allows US Citizenship and Immigration Services (USCIS) adjudicators full discretion to deny applications, petitions, and requests without first issuing a Request for Evidence (RFE) or Notice of Intent to Deny (NOID).  People should have rights over their data; firms mere custodians: Trai  Trai has said firms collecting user data don't have a right over it and emphasised that consumers' consent should be mandatory and they should also be given the 'Right to be Forgotten'. Terming the existing data protection framework as inadequate, the Telecom Regulatory Authority of India (Trai) recommended to DoT that companies should not use meta-data to identify users and should disclose any data breaches. It said entities controlling and processing user data are \"mere custodians\" and all of them should be brought under a data protection framework.  Jaypee ready to sell cement business to refund homebuyersJaiprakash Associates Limited (JAL) pleaded before the Supreme Court on Monday that the company would deposit another Rs 600 crore to refund homebuyers if it was allowed to dispose of its identified assets, which included a cement plant at Rewa in Madhya Pradesh. Senior advocate Fali S Nariman, counsel for JAL, informed a bench headed by Chief Justice Dipak Misra that the Noida-based real estate company has already deposited Rs 750 crore with the Supreme Court's registry and it would pay another Rs 600 crore in seven instalments for paying the principal amount to the homebuyers.ICICI Bank decides to postpone AGM by a month  ICICI Bank has decided to postpone its annual general meeting (AGM) by a month amidst independent enquiry on alleged cases of impropriety against the bank's CEO Chanda Kochhar. The meeting has been rescheduled to September 12. Meanwhile, Kochhar has gone on leave till the completion of an external enquiry into alleged conflict of interest in extending loans to some corporates like Videocon. Kochhar and her family members are facing allegations of quid pro quo and conflict of interest with respect to a loan extended to certain entities, including the Videocon group. Multiple agencies, including the CBI and regulator Sebi, are already probing the alleged lapses involving Kochhar and her family members. SBI tells its 70,000 employees to return 'compensation' paid for working overtime during note banMore than 70,000 employees of associate banks of the State Bank of India are angry. Banking staff worked overtime post-demonetisation to meet the demands of long queues of people waiting to exchange old notes with the new ones. The bank staff had been promised \"overtime compensation\" by the employer banks for the \"extra hours\" they worked post-demonetisation. The 70,000 officers and employees of banks like State Bank of Patiala, State Bank of Hyderabad, State Bank of Mysore, State Bank of Travancore and State Bank of Bikaner & Jaipur - these all merged with the SBI on April 1, 2017 - got the compensation but now they are being asked to \"return the compensation for extra work\". IMF warns of rising risks to global growth amid trade tensions  The global economy is still expected to grow at a solid pace this year, but worsening trade confrontations pose serious risks to the outlook, the International Monetary Fund has said. The IMF's updated World Economic Outlook (WEO) forecast global growth of 3.9 per cent this year and next, despite sharp downgrades to estimates for Germany, France and Japan. The US economy is still seen growing by 2.9 per cent this year, and the estimate for China remains 6.6 per cent, with little impact expected near term from the tariffs on tens of billions of dollars in exports the countries have imposed on each other so far.


BusinessToday.In
New Delhi, July 16, 2018
According to a survey conducted by a global consulting firm EY, over 70 per cent of Indian respondents see data protection and data privacy compliance as increasing areas of concern while 46 per cent are worried about cyber breach and insider threats.


Ajita Shashidhar
New Delhi, July 16, 2018
The retail business globally is moving towards platform play. The rationale behind this is to own the consumer at every possible touch point.


BusinessToday.In
New Delhi, July 13, 2018
1. Telecom Commission approves Net Neutrality rules for IndiaThe Telecom Commission, the highest decision-making authority under the Ministry of Telecom approved the net neutrality rules earlier this week. These rules mandate that internet service providers cannot diferentiate between web content, ensuring the Indian contiue to get non-discriminatory and unrestricted Internet access. However, mission critical services like autonomous cars and remote access surgery, which need high-speed internet lanes have been kept out of the ambit of net neutrality.2. WhatsApp issues circular to protect users against fake newsAs a part of its digital literacy initiatives, WhatsApp released a 10-point circular to help users to identify false information. These 10 points take cognisanceof loopholes usually exploited by fake news generators. The circular asks WhatsApp users to look for telltale signs to identfiy fake news. It also warns WhatsApp users to never take information they get on the instant messaging platform on its face value.3. JioPhone gets Google Maps supportGoogle Maps extended support to KaiOS, the feature-phone operating system running on JioPhone and Jiophone. The new update has alrady found its way to JioPhone. Users need to update their operating system to its latrst version following which they can find Google Maps on the Jio Store. After this, they cam intall and use the application.4. Oppo Find X launched in India at Rs 59,990Oppo Find X, the all-screen, no-notch flagship smartphone by the company has been launched in India at Rs 55,990. The device comes with a flagship spec-list - Snapdragon 845, coupled with 8GB of RAM and 256GB of internal storage. What sets it apart is the screen which dominates the entire front, amounting to a screen-to-body ratio of 93.8 per cent. The front camera, other sensors and the rear dual cameras have been mounted on a motorised slider that pops out of the top.5. New Apple MacBook Pro laptops launched with better processorsApple unveiled new 13-inch and 15-inch models of Macbook Pro with faster performance, more memoory and enhanced security. The new 15-inch Macbook Pro performs 70 per cent faster than its predecessor, whereas the 13-inch Macbook Pro boasts a 100 per cent boost in performance. The new Macbook Pro laptops also come with Apple's virtual assistant Siri. With Apple's T2 chip, not only can these laptops access Siri, but also offer more secure interface.6. Xiaomi Mi Max 3 to be launched on July 19Xiaomi confirmed that it will launch the Mi Max 3 on July 19. In a poster released by the company on its Weibo account, Xiaomi claimed that the Mi Max 3 will come with a larger screen and a bigger battery. The Xiaomi Mi Max 3 is likely to come with an octa-core processor clocked at 1.8GHz, coupled with either 3GB, 4GB, or 6GB of RAM, along with 32GB, 64GB or 128GB of internal storage. A higher-specced Mi Max 3 Pro with the Snapdragon 710 is also expected.7. Moto E5 Plus, Moto E5 launched in IndiaMotorola launched its budget offerings, the Moto E5 and Moto E5 Plus, in India at Rs 9,999 and Rs 11,999 respectively. Both devices are Amazon exclusives and are available for purchase as of now. The Moto E5 is powered by Snapdragon 425 along with 2GB of RAM and 16GB of internal storage, whereas the Moto E5 Plus comes with the Snapdragon 430, coupled with 3GB of RAM and 32GB of internal storage. The USP of the Moto E5 Plus is its humongous 5000mAh battery. In the optics department, the Moto E5 Plus comes a 12MP rear camera and a 8MP front camera. The Moto E5 comes with a 13MP rear camera, albeit with lesser features and the same 8MP front snapper as the Moto E5 Plus.


BusinessToday.In
New Delhi, July 13, 2018
Telecom Commission approves Net Neutrality rules for India; WhatsApp issues circular to protect users against fake news; JioPhone gets Google Maps support; Oppo Find X launched in India at Rs 59,990; new Apple MacBook Pro laptops launched with better processors; Xiaomi Mi Max 3 to be launched on July 19 and Moto E5 Plus, Moto E5 launched in India. Watch BusinessToday.In Weekly Tech Wrap with Vivek Punj.


BusinessToday.In
New Delhi, July 13, 2018
As RIL stock surged to a record high of Rs 1,101 after touching an all-time high of 1,106.65 during the day on Friday, the net worth of Mukesh Ambani -- who holds 44.5 per cent stake in the company -- also jumped to $44.3 billion.


Manu Kaushik
New Delhi, July 12, 2018
At present, telcos pay different levies such as spectrum usage charge (SUC), licence fees and Universal Service Obligation Fund (USOF). On top of this, telcos charge 18 per cent GST from consumers that goes to the government's kitty.


BusinessToday.In
New Delhi, July 12, 2018
Oppo Find X launched in India launched at Rs 19,990; Xiaomi Mi Max 3 to launch on July 19; KaiOS beats iOS to achieve third spot in Indian market share and Telecom Commission approves net neutrality recommendations from TRAI. Watch more in this episode of Daily Tech Wrap with Danny D'Cruze.


BusinessToday.In
July 13, 2018
A day after entering the $100 billion m-cap club, RIL stock continued its rally on Friday to breach the 7 lakh crore market valuation.


BusinessToday.In
July 12, 2018
The Reliance Industries stock rose to its intra day high of 1091 level, a rise of 5.27% from previous close. Its market capitalisation rose to Rs 6,88,766 crore  on the BSE.


BusinessToday.in
New Delhi, July 12, 2018
Govt may levy higher tax on petrol, diesel cars to promote electric vehicles: ReportIf the finance ministry has its way, then petrol and diesel cars might get more expensive in the near future. According to Mint, the government is considering a proposal to impose a marginally higher tax on conventional cars in an effort to push electric vehicles (EVs).Connaught Place is one of the world's 10 most expensive office markets: ReportAccording to property consultant CBRE, New Delhi's Connaught Place has moved one position higher to become ninth most expensive office location in the world with an annual rent of $153 per sq ft. Mumbai's Bandra Kurla Complex (BKC) slipped to 26th position with an annual prime rent of $96.51 per sq ft from 16th rank.Govt increases threshold limits for tax dept appeals in tribunals, courtsTo reduce the long-pending grievances of taxpayers and to minimise tax litigations, the government on Wednesday decided to increase the threshold monetary limits for filing appeals in appellate tribunals, high courts and the Supreme Court to Rs 20 lakh, Rs 50 lakh and Rs 1 crore, respectively.Telecom Commission gives nod to net neutrality, new telecom policyThe principles of net neutrality have been approved by the Telecom Commission, paving the way for unrestricted access to the internet in the country. The net neutrality rules bar service providers from discriminating against internet services and content by blocking, throttling or granting them higher speed access.UPI 2.0 to be launched this weekTo give a boost to cashless transactions in the country, the NPCI, after the delay of over a year, will launch the upgraded version of the Unified Payment Service (UPI) platform, UPI 2.0, this week. Though the latest UPI version will be loaded with features like auto debit and double transaction limit, etc., the Reserve Bank of India's decision to withhold 'Standing Instruction' feature could be a dampener.


Mail Today Bureau
July 12, 2018
The decision on net neutrality ensures that internet for Indians will continue to remain non-discriminatory and unrestricted.


BusinessToday.In
New Delhi, July 11, 2018
The net neutrality rules bar service providers from discriminating against internet services and content by blocking, throttling or granting them higher speed access.


BusinessToday.In
New Delhi, July 10, 2018
With the NCLT on Monday rejecting Cyrus Mistry's allegations of lapses in governance on part of the Tata Group in dealings with Aircel, Sivasankaran has reportedly bucked up and is planning a counter-attack.


Manu Kaushik
New Delhi, July 10, 2018
The demand by DoT is unjustifiable on two grounds. Firstly, the telcos have got stay orders from various high courts against the payment of OTSC to DoT. Since the telcos are still contesting the matter, the demand for spectrum charges is untenable.


Aseem Thapliyal
July 10, 2018
The market capitalisation of India's second-largest firm in terms of M-cap rose to Rs 6,49,956 crore.  The stock rose amid reports that brokerage Credit Suisse has initiated coverage and gave a target price of Rs 1,180 assigning 'outperform' rating for the share of Mukesh Ambani-owned conglomerate.


BusinessToday.in
New Delhi, July 10, 2018
China agrees to cut tariffs on Indian cancer drugsChina said on Monday it had reached an agreement with India to reduce tariffs and increase imports of Indian medicines, particularly anti-cancer drugs. The decision was part of its efforts to broaden trade relations amid its on-going spat with the United States. Both India and China slashed import tariffs of a range of products starting July 1, following the fourth round of negotiations under the Asia Pacific Trade Agreement (APTA), which also includes Bangladesh, Laos, South Korea and Sri Lanka.Income Tax dept sells Cairn Energy shares in Vedanta for $216 millionCairn Energy said it would write down the value of its investment in Vedanta Ltd after Indian tax authorities sold $216 million worth of its shares in the Indian mining company to recover a part of Rs 10,247-crore demanded as retrospective tax. The UK company said it still holds about 3 per cent in Vedanta Ltd after the sale, while warning that it was possible that the Indian tax department might make further sales.Department of Telecom conditionally approves Idea-Vodafone merger dealThe Department of Telecom (DoT) gave its nod to the Vodafone India-Idea Cellular deal to form the biggest telecom entity in India, but with some riders. An official told PTI that DoT has cleared the Vodafone-Idea merger. They will have to meet conditions for final approval. Earlier, it was reported the DoT was looking to raise a fresh demand of around Rs 4,700 crore ahead of the merger deal between Vodafone India and Idea Cellular over one-time spectrum charges on Vodafone.Mark Zuckerberg overtakes Warren Buffet to emerge world's third-richest man with $81.6 bn net worthFacebook's stock has not only recovered from the hammering it took in the wake of the Cambridge Analytica privacy scandal earlier this year, but spiked 2.4 per cent to hit an all-time high on Friday. And in the bargain, it has propelled its co-founder and CEO Mark Zuckerberg into the Top 3 list of billionaires. He is now the world's third-richest man after Amazon's Jeff Bezos and Microsoft co-founder Bill Gates.Malaysia's IHH Healthcare Berhad outbids TPG-Manipal in the battle for Fortis: ReportIn its second round of bidding, cash-strapped Fortis Healthcare received only two binding bids, from Malaysia's IHH Healthcare Berhad and TPG-backed Manipal Health Enterprises Ltd. And the buzz is that the former has an edge over FHL's earliest suitor. According to Mint, IHH is likely to acquire control of India's second-largest private hospital chain with a binding offer for a stake of at least 51 per cent for Rs 4,700-5,400 crore.Yahoo Japan buys back $2 billion of shares in three-way deal with SoftBank, AltabaYahoo Japan Corp is buying back around $2 billion worth of its shares from SoftBank Group Corp as part of a three-way deal with its top shareholders, U.S. investment firm Altaba Inc and SoftBank.The deal will see Altaba, which was formerly the internet giant Yahoo! Inc, sell down its stake in Yahoo Japan by around $2 billion and SoftBank raise its stake slightly in Yahoo Japan to around 48 percent.


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