Education on technology

The industry on Thursday said the new rules for online gaming will spur innovation, boost investor confidence and weed out gambling platforms while making the sector globally competitive. The norms are expected to help reduce regulatory fragmentation at the state level, and foster a more stable business environment, the industry said in one voice as it described the regulations as "watershed moment", "game-changer" and "landmark". All India Gaming Federation (AIGF) termed it a decisive first step for comprehensive regulation for online gaming , one that will propel the industry to compete globally, while WinZO games said the move "truly brings the dawn of a global gaming industry right here in India". The government on Thursday released new rules for online gaming that prohibit games involving betting and wagering, and entail an institutional framework of multiple self-regulatory organisations (SROs) to determine permissibility of an online g...

North Korea, cybercriminals, ransomware attackers, thieves and scammers are using decentralized finance (DeFi) services to transfer and launder their illicit proceeds, the US Treasury Department warned on Thursday. So-called DeFi platforms allow users to lend, borrow and save, usually in cryptoassets and stablecoins, without using banks. In a new illicit finance risk assessment on decentralized finance, the Treasury found that illicit actors are exploiting vulnerabilities in US and foreign anti-money laundering and combating the financing of terrorism (AML/CFT) regulation and enforcement as well the technology underpinning the services. DeFi services that fail to comply with these obligations to prevent money laundering and terrorism financing pose the most significant illicit finance risk in this domain, the assessment found. "Our assessment finds that illicit actors, including criminals, scammers, and North Korean cyber actors are using DeFi services in the process of l...

The Ministry of Information and Broadcasting on Thursday advised media entities, media platforms and online advertisement intermediaries to refrain from carrying advertisements/ promotional content of betting platforms. In an advisory issued today, the Ministry has taken strong exception to the recent instances of mainstream English and Hindi newspapers carrying advertisements and promotional content of betting websites . The advisory has been issued to all media formats, including newspapers, television channels, and online news publishers, and showed specific examples where such advertisements have recently appeared in the media. The Ministry has also objected to the promotion by a specific betting platform encouraging the audience to watch a sports league on its website, which prima facie appears to be in violation of the Copyright Act, 1957. While emphasizing on the legal obligation as well as the moral duty of the media, the advisory refers to provisions of the Norms of Journal...

iPhones made in India increased in volume and value last year as Apple moved to shift some of its production away from China to diversify its supply chain, South China Morning Post reported. In 2022, the shipment volumes of iPhones manufactured in India increased by 65 percent year on year. In addition, the value of iPhones rose by 162 percent, South China Morning Post reported citing a report published by market research firm Counterpoint last week. Last year, Apple accounted for 25 percent of the value of India's total smartphone shipments, which shows a rise from 12 percent in 2021, the SCMP reported citing the Counterpoint. China manufactures up to 85 percent of iPhones around the world, Xinmei Shen said in the South China Morning Post report. However, Beijing faces the risk of losing its dominance as Apple is taking measures to shift its manufacturing supply chain outside China. Apple is among the global tech brands that are seeking to reduce their reliance on China for ...

Tecno Spark 10C has been unveiled in Africa as the latest model in the company's Spark 10 lineup. The latest Tecno handset comes in three different colour options and features dual rear cameras, headlined by a 16-megapixel primary sensor. The Tecno Spark 10C has a waterdrop-style notch display with 90Hz refresh rate and includes a 5,000mAh battery that offers 18W fast charging support. The smartphone packs up to 8GB of RAM and Memory Fusion technology allows users to borrow up to 8GB of storage and use it as RAM (effectively 16GB). Tecno Spark 10C price Price of Tecno Spark 10C has been set at GHS 1,290 (roughly Rs. 9,800) for the base 4GB RAM + 128GB storage model. The top-end variant with 8GB RAM + 128GB storage is priced at GHS 1,555 (roughly Rs. 12,000). It is available in three colour options — Meta Black, Meta Blue, and Meta Green. Details about the India launch of the Tecno Spark 10C are yet to be announced. Tecno recently launched the Spark 10 Pro in India with a pri...

In late March, when Tim Cook made his first public appearance in China since the onset of the Covid-19 pandemic, Apple Inc.'s chief executive officer approached it with all the delicacy of a high-stakes diplomatic visit. Cook took colleagues to an Apple retail store in Beijing and met privately with high-ranking government officials to discuss the company's operations. “This has been a symbiotic kind of relationship that I think we both enjoyed,” he told the audience at a state-sponsored technology conference, in an appearance at which he also announced the expansion of a multimillion-dollar rural education program in the country. One of the signature achievements of Cook's career at Apple has been his work crafting its relationship to China, which is unusually positive compared with those of other US tech companies. Over more than two decades, Apple has built a vast manufacturing and assembly operation in the country involving thousands of business partners. There are mo...