Education on technology

Mahesh Kumar Jain, the Deputy Governor of the Reserve Bank of India (RBI), has predicted that technologies like blockchain and Artificial Intelligence (AI) would be part of the future of finance. The RBI recently met with the directors of Indian banks. The aim of this meeting was to address concerns and risk mitigation measures that India must be ready for in the future. The up-and-coming blockchain technology is the underlying system that supports cryptocurrencies, NFTs, and the overall Web3 sector. Linking AI and blockchain to existing financial systems, the RBI official said, is essential to ensure the growth and stability of India's digital finance sector. “Indian banks will need to focus on digital transformation, enhance customer experience, adopt innovative technologies such as AI and blockchain, invest in cybersecurity measures, look for opportunities to derive synergistic benefits through collaboration with other players as well as upskilling their workforce to meet t...

Instant messaging application WhatsApp has launched a new global 'Security Center' page which will act as a one-stop window for users to learn more about how to protect themselves against spammers and any unwanted contacts. WhatsApp on Thursday said it has created this page to build awareness about the various safety measures and in-built product features that empower users to take control of their safety. The 'Security Center' will be available in English and 10 Indian languages -- Hindi, Punjabi, Tamil, Telugu, Malayalam, Kannada, Bengali, Marathi, Urdu, and Gujarati. "Protecting personal messages with end-to-end encryption is one of the best lines of defence against scammers and fraudsters and in addition to that WhatsApp is consistently working on new and innovative ways to enhance people's safety and privacy," it said. The new feature will inform users about the layers of privacy that WhatsApp provides and lists some top tips to give users more ...

Samsung launched new OLED TV models in India on Thursday. The new range includes S95C and S90C series TVs and they are offered in 77-inch, 65-inch, and 55-inch display sizes. Samsung's S95C and S90C TV series are powered by AI-enabled Neural Quantum Processor 4K and they feature PANTONE-certified display with up to 144Hz refresh rate. All new OLED TV models are said to be made in India. They come equipped with Motion Xcelerator Turbo Pro for gaming. Further, they are bundled with a solar-powered remote control. Samsung OLED TV series price in India, availability Price of the new Samsung OLED TV series starts at Rs. 1,69,990. As mentioned, the new range includes — S95C and S90C series – and both come in 77-inch, 65-inch, and 55-inch sizes. The new TVs will be available via Samsung and other leading retail stores starting today. All OLED TV models launched today are claimed to be manufactured in India and they come with a two-year warranty. Samsung is offering up to 20 percent c...

A former employee of Amazon's Ring doorbell camera unit spied for months on female customers in 2017 with cameras placed in bedrooms and bathrooms, the Federal Trade Commission said in a court filing on Wednesday when it announced a $5.8 million (roughly Rs. 47 crore) settlement with the company over privacy violations. Amazon also agreed to pay $25 million (roughly Rs. 200 crore) to settle allegations it violated children's privacy rights when it failed to delete Alexa recordings at the request of parents and kept them longer than necessary, according to a court filing in federal court in Seattle that outlined a separate settlement. The FTC settlements are the agency's latest effort to hold Big Tech accountable for policies critics say place profits from data collection ahead of privacy. The FTC is also probing Amazon's $1.7 billion (roughly Rs. 14,000 crore) deal to buy iRobot , which was announced in August 2022 in Amazon's latest push into smart home devi...

A planned $3 billion (roughly Rs. 24,700 crore) semiconductor facility in India by chip consortium ISMC that counted Israeli chipmaker Tower as a tech partner has been stalled due to the company's ongoing takeover by Intel , three sources said, dashing India's chip making plans. A second mega $19.5 billion (roughly Rs. 1,60,800 crore) plan to build chips locally by a joint venture between India's Vedanta and Taiwan's Foxconn is also proceeding slowly as their talks to rope in European chipmaker STMicroelectronics as a partner are deadlocked, a fourth source with direct knowledge said. The challenges faced by the companies deal a major setback to Prime Minister Narendra Modi , who has made chipmaking a top priority as he wants to "usher in a new era in electronics manufacturing" by luring global companies. India, which expects its semiconductor market to be worth $63 billion (roughly Rs. 5,19,600 crore) by 2026, last year received three applications to se...

Apple opened its first stores in India, one each in Mumbai and Delhi, amid vigorous fanfare and media frenzy back in April. Apple BKC and Apple Saket not only serve as prominent physical storefronts for all Apple products, but also mark the tech giant's 15-year journey in India. Now, just weeks after they opened their doors to Indian customers, the two Apple stores have reportedly become the country's largest electronics retail store in terms of sales. According to a report in The Economic Times on Thursday, Apple BKC and Apple Saket have recorded monthly sales of over Rs. 22 to 25 crore each. These figures, the report claims citing industry executives familiar with the details, are over twice the possible highest revenue for an electronics store in India outside of festive seasons like Diwali. The report says that Apple BKC, the iPhone maker's premium store in Mumbai's financial district, received a footfall of over 6,000 people and sold over Rs. 10 crore wort...