ETtech Top 5: India’s social media scrutiny, IT firms underneath cyber assault & extra

What’s the news?

Social media, content material, and gaming apps are grappling for a manner to address heightened regulatory scrutiny as Indian courts step in to stem the flood of so-referred to as objectionable content on those structures, in one of the international’s quickest growing internet markets.

Content businesses including Facebook, Google-owned YouTube in addition to Chinese apps such as TikTok and Bigo Live are predicted to stand even more regulatory scrutiny within the future.

What’s the news?

RBI’s draft framework to enable regulatory sandbox (RS) for fintech innovation has been well-obtained by a majority of fintech gamers, whilst some have cautioned a few tweaks so that you can make it even more comprehensive.

What are the proposed modifications?

The regulators should additionally have opened the sandbox for established agencies as nicely and no longer simply startups considering the fact that it might have widened the scope of improvements, said Mandar Agashe, founder of Pune-based Sarvatra Technology. He said loads of fintech companies might have benefited from these findings.

What’s the news?

India’s biggest retailer Reliance Retail’s cellphone and purchaser electronics retailing commercial enterprise crossed the $five-billion sales mark within the 12 months to March, underscoring the breadth of its marketplace presence.

 

Sales in those classes — which account for about a third of the overall — through Reliance Digital and Reliance Jio stores extra than doubled to Rs 39,a hundred and seventy crore in FY19 from Rs 15,154 crore in FY18, in step with the organisation’s investor presentation made to analysts.

Why this matters?

Reliance Retail now has the size in client electronics and cellular telephones to be the only brick-and-mortar store that can take the combat to e-trade groups Walmart-owned Flipkart and Amazon, analysts say.

What’s the information?

After Wipro, cyber attackers might also have focused IT majors Infosys, Capgemini and Cognizant to get admission to statistics of 0.33-party company sources.

Whom are the attackers concentrated on?

The attackers are targeting corporations that, in one shape or every other, have to get right of entry to to a big quantity of third-party organization assets, and/or groups that may be abused to behavior gift card fraud. Capgemini has shown that it faced a pattern of an assault similar to Wipro’s, however, took short remedial action.

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