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Archegos Founder Jailed For 18 Years For Massive Fraud: Report
The founder of US investment firm Archegos, Bill Hwang, was jailed for 18 years on Wednesday for a multibillion-dollar fraud that contributed to the fund's 2021 implosion, US media reported.
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Meta Says App Stores Should Police Australia Under-16 Social Media Ban
Australia will impose a ban on social media for people aged under 16 despite calls by Meta Platforms for it to consider shifting responsibility for policing. The legislation will be brought before parliament in the week beginning November 18.
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OpenAI Backs California AI Bill Requiring 'Watermarking' of Synthetic Content
OpenAI is supporting a California bill that would require tech companies to label AI-generated content. OpenAI believes that for AI-generated content, transparency and requirements around provenance such as watermarking are important, especially in an election year
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Punjab Uncovers Fake Billing Scams Of Thousands Of Crore
Two firms dealing in gold were found to have generated fake bills of Rs 860 crore, while 303 firms dealing in iron were involved in fake billings of Rs 4,044 crore.
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14 Work Hours A Day, 70 A Week: Karnataka Plans New Bill For Techies
Amid a huge uproar over a bill that directed private firms in Karnataka to reserve jobs for Kannadigas, the state government is now planning to raise the IT staff's working hours to 14 per day, the Karnataka State IT/ITeS Employees Union (KITU) said.
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Amid Huge Row, Karnataka Pauses Bill For Reservation In Private Sector Firms
The Karnataka government late Wednesday night paused a contentious bill directing private firms in the state to reserve jobs for Kannadigas amid a massive row.
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Karnataka Okays Bill Mandating 100% Quota For Kannadigas In Private Firms For These Posts
The Karnataka cabinet has approved a bill mandating 100 per cent reservation for Kannadigas in private firms for Group C and Group D posts, Chief Minister Siddaramaiah said on Tuesday.
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New Zealand To Bring Law That May Get Media Firms Revenue From Facebook, Google
New Zealand's conservative coalition government will proceed with a bill that would make it compulsory for digital technology platforms to pay media companies for news, it said on Tuesday.
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Apple, Google, Amazon Lobby Group Opposes India's EU-Like Antitrust Proposal
A US lobby group representing tech giants Google, Amazon and Apple has asked India to rethink its proposed EU-like competition law, arguing regulations against data use and preferential treatment of partners could raise user costs, a letter shows.
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CCI to Probe Google Amidst Dispute With Indian Firms Over In-App Billing Policy
The Competition Commission of India (CCI) on Friday ordered a probe into Google amidst an ongoing dispute with companies in India over the former's in-app billing system. The antitrust body has said that the search giant implemented its policies in a "discriminatory manner".
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Parliament Winter Session Highlights: Both Houses Adjourned Till 11 am Tomorrow
The winter session of Parliament begins today. It is expected to be stormy with the opposition parties firm on opposing some bills on the agenda of the government including the Bill to regulate the appointments for the Chief Election Commission and O
-
Apple Filing Reveals iPhone Maker Expects to Change App Store Policy to Comply With EU Regulation
Apple has revealed in a recent filing that it expects it will be compelled to make changes to its App Store policies in the EU. The iPhone maker will soon have to comply with the European Union's new Digital Markets Act (DMA) which will entail policy changes related to applications running on iOS and iPadOS, including allowing sideloading of apps a...
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Cryptocurrency Firms Gemini, DCG, Genesis Sued in US for Alleged $1 Billion Fraud
New York Attorney General Letitia James on Thursday sued cryptocurrency firms Genesis Global, its parent company Digital Currency Group (DCG) and Gemini for allegedly "defrauding" investors of more than $1 billion.
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UK Admits Encryption Hurdles to Online Safety Law After WhatsApp, Signal Threaten to Pull Out
The UK has admitted there could be technical challenges in the country's upcoming Online Safety Bill which plans to allow regulator Ofcom to compel tech firms to scan their services for illegal content. WhatsApp and Signal had warned of the threat to privacy and encryption of user data posed by the UK's Online Safety Bill, even threatening to pull ...
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Digital Personal Data Protection Act Will Ensure Firms Handle Data of Indians Legally: IT Minister
Union Minister of State for Electronics and Information Technology Rajeev Chandrasekhar on Thursday said the Digital Personal Data Protection Act (DPDP Act) passed by Parliament recently will make digital companies handle the data of Indian citizens under absolute legal obligation.
-
Archegos Founder Jailed For 18 Years For Massive Fraud: Report
The founder of US investment firm Archegos, Bill Hwang, was jailed for 18 years on Wednesday for a multibillion-dollar fraud that contributed to the fund's 2021 implosion, US media reported.
-
Meta Says App Stores Should Police Australia Under-16 Social Media Ban
Australia will impose a ban on social media for people aged under 16 despite calls by Meta Platforms for it to consider shifting responsibility for policing. The legislation will be brought before parliament in the week beginning November 18.
-
OpenAI Backs California AI Bill Requiring 'Watermarking' of Synthetic Content
OpenAI is supporting a California bill that would require tech companies to label AI-generated content. OpenAI believes that for AI-generated content, transparency and requirements around provenance such as watermarking are important, especially in an election year
-
Punjab Uncovers Fake Billing Scams Of Thousands Of Crore
Two firms dealing in gold were found to have generated fake bills of Rs 860 crore, while 303 firms dealing in iron were involved in fake billings of Rs 4,044 crore.
-
14 Work Hours A Day, 70 A Week: Karnataka Plans New Bill For Techies
Amid a huge uproar over a bill that directed private firms in Karnataka to reserve jobs for Kannadigas, the state government is now planning to raise the IT staff's working hours to 14 per day, the Karnataka State IT/ITeS Employees Union (KITU) said.
-
Amid Huge Row, Karnataka Pauses Bill For Reservation In Private Sector Firms
The Karnataka government late Wednesday night paused a contentious bill directing private firms in the state to reserve jobs for Kannadigas amid a massive row.
-
Karnataka Okays Bill Mandating 100% Quota For Kannadigas In Private Firms For These Posts
The Karnataka cabinet has approved a bill mandating 100 per cent reservation for Kannadigas in private firms for Group C and Group D posts, Chief Minister Siddaramaiah said on Tuesday.
-
New Zealand To Bring Law That May Get Media Firms Revenue From Facebook, Google
New Zealand's conservative coalition government will proceed with a bill that would make it compulsory for digital technology platforms to pay media companies for news, it said on Tuesday.
-
Apple, Google, Amazon Lobby Group Opposes India's EU-Like Antitrust Proposal
A US lobby group representing tech giants Google, Amazon and Apple has asked India to rethink its proposed EU-like competition law, arguing regulations against data use and preferential treatment of partners could raise user costs, a letter shows.
-
CCI to Probe Google Amidst Dispute With Indian Firms Over In-App Billing Policy
The Competition Commission of India (CCI) on Friday ordered a probe into Google amidst an ongoing dispute with companies in India over the former's in-app billing system. The antitrust body has said that the search giant implemented its policies in a "discriminatory manner".
-
Parliament Winter Session Highlights: Both Houses Adjourned Till 11 am Tomorrow
The winter session of Parliament begins today. It is expected to be stormy with the opposition parties firm on opposing some bills on the agenda of the government including the Bill to regulate the appointments for the Chief Election Commission and O
-
Apple Filing Reveals iPhone Maker Expects to Change App Store Policy to Comply With EU Regulation
Apple has revealed in a recent filing that it expects it will be compelled to make changes to its App Store policies in the EU. The iPhone maker will soon have to comply with the European Union's new Digital Markets Act (DMA) which will entail policy changes related to applications running on iOS and iPadOS, including allowing sideloading of apps a...
-
Cryptocurrency Firms Gemini, DCG, Genesis Sued in US for Alleged $1 Billion Fraud
New York Attorney General Letitia James on Thursday sued cryptocurrency firms Genesis Global, its parent company Digital Currency Group (DCG) and Gemini for allegedly "defrauding" investors of more than $1 billion.
-
UK Admits Encryption Hurdles to Online Safety Law After WhatsApp, Signal Threaten to Pull Out
The UK has admitted there could be technical challenges in the country's upcoming Online Safety Bill which plans to allow regulator Ofcom to compel tech firms to scan their services for illegal content. WhatsApp and Signal had warned of the threat to privacy and encryption of user data posed by the UK's Online Safety Bill, even threatening to pull ...
-
Digital Personal Data Protection Act Will Ensure Firms Handle Data of Indians Legally: IT Minister
Union Minister of State for Electronics and Information Technology Rajeev Chandrasekhar on Thursday said the Digital Personal Data Protection Act (DPDP Act) passed by Parliament recently will make digital companies handle the data of Indian citizens under absolute legal obligation.
