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Showing posts from December 29, 2022

5G Services in India to Attract Rs. 1.5 Lakh Crore in Investments in 2023, Tariff Hikes Likely: Report

From connecting people with 5G services to lowering the cost of operations, the country's revitalised telecom sector is witnessing the bloom of reforms, and is set to attract more than Rs 1.5 lakh crore investments to build up networks in the new year. Once the poster boy of India's growth story, then a debt-laden segment that saw many players withering away and now riding the wave of reforms as well as big-ticket investments, the telecom sector turned a new chapter in 2022. While the Adani group is yet to unveil its full-fledged plan for the telecom business, Reliance Industries Chairman Mukesh Ambani has committed Rs. 2 lakh crore investment for rolling out a 5G network across the country by December 2023. "It has been an exciting year because of the launch of 5G, a much-awaited technology for 4-5 years. This is a big step forward. We look forward to a robust rollout of 5G next year because this year is just the beginning. "We are all working on use cases. We

RBI Suggests Common Approach to Crypto Assets to Avoid Potential Financial Risks

To address potential financial stability risks and protect investors, it is important to arrive at a common approach to crypto assets, the Financial Stability Report released by RBI said on Thursday. In this context, various options are being considered internationally, it said . One option is to apply the same-risk-same-regulatory-outcome principle and subject them to the same regulation applicable to traditional financial intermediaries and exchanges, the report said. Another option is to prohibit crypto assets , since their real life use cases are next to negligible and the challenge is that different countries have different legal systems and individual rights vis-à-vis state powers, it noted. A third option is to let it implode and make it systemically irrelevant as the underlying instability and riskiness will ultimately prevent the sector from growing, it said. The third option, however, is fraught with risks as the sector may become more interconnected with mainstream fina

Jio True 5G Launched in Indore, Bhopal; Other Cities to Get 5G Update in January 2023

Reliance Jio on Thursday announced the launch of its 5G services in Indore and Bhopal in Madhya Pradesh. With the launch, Reliance Jio has become the first and the only operator in the state to launch 5G services in these cities. The 5G launch in these two cities is in line with the announcement made by Chief Minister Shivraj Singh Chouhan at Shri Mahakaal Mahalok Ujjain on December 14, 2022. In his speech, CM said that Jio would launch its 5G services in Indore and Bhopal before the end of 2022. The launch of Jio True 5G confirms Jio's commitment and supports the technology readiness for the upcoming 17th edition of the Pravasi Bharatiya Divas and the Global Investor Summit to be held in Indore in January 2023, Jio said in a statement. Starting today, Jio users in the city of Indore and Bhopal, will be invited to the Jio Welcome Offer, to experience Unlimited Data at up to 1 Gbps+ speeds, at no additional cost. "We are proud to rollout 5G in Indore and Bhopal ahead o

5G Services in Odisha Will Launch Before 2023 Republic Day, Says Ashwini Vaishnaw

Asserting that the Centre has sanctioned Rs.. 5,600 crore for telecom services in Odisha this fiscal, Union Minister Ashwini Vaishnaw on Thursday said 5G services will be launched in the eastern state before the Republic Day celebrations next year. In an apparent reference to the ruling BJD in the state, the minister also said, "now, no one can make an allegation that the Centre is neglecting Odisha's telecom sector". "The Modi government has sanctioned a total of Rs. 5,600 crore for telecom services in Odisha in the 2022-23 fiscal, and 5G services will be launched in the state before the Republic Day celebrations on January 26, 2023,” he said. Vaishnaw, the minister of railways, communications, electronics and information technology, said a survey was recently conducted in all villages of Odisha where mobile towers are not available. “Prime Minister Narendra Modi had directed officials to ensure high-quality 4G and 5G services in all villages,” the minister said

TSMC Starts 3nm Chip Mass Production, Says Chip Offer More Power While Using Less Battery

Taiwanese tech giant TSMC said Thursday it had started mass production of its 3-nanometre chips, among the most advanced to come to market. The Taiwan Semiconductor Manufacturing Company operates the world's largest silicon wafer factories and produces high-performance chips used in everything from smartphones and cars to missiles. It is also Apple's primary chip supplier. Its 3nm-process chips are expected to have more processing power while using less power, boosting battery performance. "Our 3nm technology will be used massively in future state-of-the-art technological products, including supercomputers, cloud servers, high-speed internet and many many mobile devices," chairman Mark Liu said at a ceremony announcing mass production at a plant in the southwestern city of Tainan. He added that the company plans to build even smaller 2nm plants in the Taiwanese cities of Hsinchu and Taichung. TSMC's South Korean rival Samsung began mass production of its 3n

China Set to Launch State-Backed NFT Marketplace on Special ‘Cultural Protection’ Chain

China, that is rather infamous for keeping an extremely restrictive approach towards the crypto sector, is taking small steps into exploring the digital assets sector. The country is geared-up to launch an official, state-backed NFT marketplace, that would let Chinese NFT traders to dabble in the space, but under the oversight of China's government. A launch ceremony for this marketplace has been slated for January 1. It will be held in China's capital city of Beijing at a time when the country is yet again, riddled with the COVID-19 crisis. Called the ‘China Digital Asset Trading Platform', the initiative is aimed at creating a safe ecosystem for the secondary sales of NFTs , which if not monitored, can dangerously expose buyers to hack attacks and scams. Three state-owned entities — China Technology Exchange, China Cultural Relics Exchange Center, and Huaban Digital Copyright Service Center Co., Ltd — have collectively created this NFT trading platforms, keeping it in a