A month into India’s pilot project for using an official digital rupee for inter-bank and institutional transactions, stakeholders are seeing no benefits, several bankers said. Seven bankers told Reuters that using the e-rupee of the Reserve Bank of India (RBI) was much the same as internet-based banking that users were already satisfied with. The RBI […]
India
Apple Inc and Samsung Electronics will upgrade software for their 5G-enabled phones in India by December, the companies said on Wednesday, as Indian authorities press mobile phone manufacturers to adopt the high-speed network. Apple said it would push software upgrades to recent models, including the iPhone 14, 13, 12 and iPhone SE, which, industry sources […]
Reliance Industries Ltd’s Jio will begin rolling out 5G services for its subscribers in the next two months, India’s top telecom company said on Monday. The company has committed 2 trillion rupees ($25 billion) to roll out the 5G services, Chairman Mukesh Ambani said at the company’s annual general meeting. The company will start rolling […]
Since the introduction of first-generation mobile services, which could only carry voice calls, mobile networks have significantly developed. The fourth generation of mobile networks is capable of handling faster data rates. However, a newer generation of mobile networks is required due to the shifting connectivity requirements, increasing mobile data traffic, and a new class of […]
Google has grave reservations about developing a self-regulatory body in India for the social media sector to hear user complaints, though the proposal has support from Facebook and Twitter, sources with knowledge of the discussions told Reuters. India in June proposed appointing a government panel to hear complaints from users about content moderation decisions, but […]
India’s financial crime-fighting agency said on Friday it had frozen the assets of WazirX, linked to the world’s largest digital currency exchange Binance, as part of its investigation into suspected violation of foreign exchange regulations. The federal Enforcement Directorate (ED) said that it froze assets worth 646.70 million rupees ($8.16 million). “We have been fully […]
India’s government on Wednesday withdrew a data protection and privacy bill which was first proposed in 2019 and had alarmed big technology companies such as Facebook and Google, announcing it was working on a new comprehensive law. The 2019 law had proposed stringent regulations on cross-border data flows and proposed giving the Indian government powers […]
Reliance Industries’ Jio emerged as the biggest spender in India’s $19 billion 5G spectrum auction, with the top telco player winning airwaves worth $11 billion as the world’s no.2 mobile market gears up for the high-speed wireless network. India’s government aims to begin the rollout of 5G – which it says can provide data speeds […]
Over the past ten years, especially over the last three, the crypto sector has expanded from a tiny group of creators to a trillion-dollar worldwide business encompassing advanced technology, a wide range of applications, and millions of users. India is at the forefront of these changes. With a sizable portion of the population eager to […]
On Feb. 2, when Meta Platforms reported Facebook’s first-ever quarterly drop in daily users, its finance chief identified higher mobile data costs as a unique obstacle slowing growth in India, its biggest market. On the same day, the U.S. tech group posted the findings of its own research into Facebook’s business in India on an […]