DIGITIZED COLLECTION
Delhi forensic lab prepares for surge in crime scene investigations under new BNSS laws
Delhi's Forensic Science Laboratory (FSL) has seen a surge in workload since July 1 due to new BNSS laws mandating rigorous forensic examinations at crime scenes with severe penalties. Now handling over 80 sites daily, up from a few, FSL uses mandatory videography for thorough evidence. With 63 experts currently, plans to expand to 120 aim to boost forensic support across districts. Extensive training ensures FSL's readiness under BNSS for effective crime scene investigations.
Collective Artists Network acquires Terribly Tiny Tales
Collective Artists Network has acquired digital content creator Terribly Tiny Tales (TTT) following funding from Nikhil Kamath. The move aligns with their goal to be India's top new media company. TTT, founded by Anuj Gosalia in 2013, reaches 25 million weekly social media users. This acquisition complements Collective Artists Network's strategy to enhance storytelling and creator support. Anuj Gosalia, TTT's CEO, looks forward to leveraging Collective's resources for greater impact.
Opinion: India's AI journey should follow a path of open innovation guided by strong governance
Stakeholders in India are focused on democratizing AI benefits and reaching a $7 trillion economy by 2030 through the Digital India mission. An open innovation ecosystem with robust governance is crucial for accelerating AI adoption responsibly and unlocking the nation's economic growth potential.
EU accuses Meta of breaking digital rules with paid ad-free option
Meta introduced a no-ads subscription service for Facebook and Instagram in Europe last November. The company stated that users who agree to tracking receive a free service supported by advertising revenue, while those who opt out can choose to pay to keep their data private.
No more licensed biz, Paytm to focus on distribution model
Digital payments major Paytm wants to stay away from getting into any regulated businesses and would rather focus on building distribution heft. The senior leadership have taken a conscious call to not go after regulatory licenses but rather work with licenced entities and distribute products better.
Hyperscalers host EkStep digital public goods, build AI bot
Tech giants Amazon Web Services (AWS) and Google Cloud are providing cloud storage and services to make the digital public goods (DPGs) created by non-profit EkStep Foundation available online. They are also collaborating to develop an AI-based virtual assistant for the foundation.
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Big 4’s management consulting arms gain muscle
The management consulting business has been growing 25-30% for all firms in the last two years. At the Big Four, the total number of partners engaged in strategy, operations, and the top end of digital advisory — areas typically dominated by firms like McKinsey, BCG and Bain — stands close to 300, with consultant numbers at 5,500-6,000. However, the varying number of digital consultants each firm adds to management consulting complicates direct comparisons.
Stability AI appoints new CEO: report
Akkaraju, former CEO of visual effects company Weta Digital, is part of a group of investors including former Facebook President Sean Parker that has stepped in to save Stability with a cash infusion, which could result in a lower valuation for the firm, the report said.
Facial recognition startup Clearview AI settles privacy suit
The case consolidated lawsuits from around the U.S. filed against Clearview, which pulled photos from social media and elsewhere on the internet to create a database it sold to businesses, individuals and government entities.
Crypto money is poised to sway US polls
Cryptocurrency executive Ryan Selkis, from Messari, spoke at an event celebrating Trump's NFTs, emphasizing the political influence of the 50 million U.S. crypto holders.
Go Digit hits second year of profit in FY24, shares surge
The company's shares were up nearly 10% in the early trade on Wednesday, the stock closed at Rs 341,75, up 1% from the previous day. In the last quarter of FY24, Go Digit reported Rs 2,336 crore worth of gross premium collected, up 19.4% from Rs 1,955 crore in the prior quarter. For the full year, the company collected Rs 9,016 crore in premiums, marking a 24% rise from Rs 7,243 crore in FY23.
Unpacking Go Digit’s earnings; PEs in IPO-bound firms
Go Digit General Insurance reported its second consecutive full year of profit in fiscal 2024. This and more in today’s ETtech Top 5.
New UPI scam: Fraudsters send you 'Rs 200.00' and ask to return Rs 20,000; how to protect yourself from UPI overpayment scam
UPI overpayment scam: You should be careful before sending or accepting any UPI collect money request especiallly from unknown numbers or IDs. This is because scamsters have now become more sophisticated and specifically targetting various tricks to make sure you stay distracted enough to not notice the scam. Read here how a individual got saved from this scam and what you can do.
Highway tolls to use satellite-based technology soon; Here's how it works and other details?
India is set to introduce a new satellite-based toll collection system, a global first. Using GNSS and GPS, this system charges vehicles based on the distance traveled, eliminating toll plazas and improving the commuter experience. Unlike FASTag, it operates on the Global Navigation Satellite System, offering precise tracking. This innovation aims to modernize toll collection, potentially increasing revenue to Rs 1.40 trillion in the next few years. Despite challenges, such as infrastructure upgrades, this system signals a significant advancement in India's transportation sector.
Cosmic Kittens (CKIT) Crypto presale prepares to be the defining Altcoin in 2024 bull market forecast
Crypto market pundits believe Cosmic Kittens (CKIT) is among the altcoins to watch in the year's second half.
'Papa stopped the war, but could not stop social media': Congress claims win on YouTube, Instagram in comparison to BJP
Congress has reportedly surpassed BJP on social media platforms, with its digital strategy proving more successful. Figures reveal a significant difference in views and engagement on platforms like YouTube, Instagram, Facebook, and Twitter, indicating a stronger connection between Congress's message and the public. This success underscores the party's ability to understand and address public sentiment effectively, setting a new standard for digital campaigning in Indian politics.
Razorpay launches Q-Zap, new solution for faster offline billing
Razorpay launches Q-Zap for offline payments, reducing billing time by 40% and operating costs by 20%. Offers seamless integrations with 120+ billing partners for efficient processing.
View: Raise a glass to the job creators
In a recent interview, Narendra Modi emphasized the importance of supporting businesses and avoiding demonization. The Prime Minister's stance received positive feedback, contrasting with past socialist inclinations.
China's 'One Person, One File': Road to digital totalitarianism
The Shanghai authorities have proposed the "One Person, One File" (OPOF) mass surveillance program, which aims to triple the deployment of facial recognition cameras and compile exhaustive personal data files on every resident. This escalation of China's efforts to create ruthless digital censorship is more than just another Benthamite panopticon, it is an attempt to construct an omniscient digital surrogate for every Chinese citizen, encoding each person's relationships, activities, behaviors, and existence into ones and zeroes for the Party's domineering oversight.
Over 250 years of Indian diaspora heritage digitally archived in Oman
The National Archives of India digitised and archived oral history and documents of old Indian merchant families in Oman from the state of Gujarat, shedding light on their cultural practices and contributions to Omani society.
ChatGPT meets Beckn in FIDE’s AI agent BecknGPT
The AI agent, Beckn Generative Pre-trained Transformer or BecknGPT, is an open-source demonstration app over Open AI’s ChatGPT.
How Jocata is helping financial services industry move from legacy systems to AI-powered solutions
Jocata’s low-code platform is driving the future of enterprise lending and embedded finance, says Prashant Muddu, Managing Director & CEO.
Adani Group wants a slice of India's payments and e-commerce pie: Report
India's Adani Group is seeking a licence to operate on the public digital payments network and is in talks with banks for a co-branded credit card. The conglomerate also plans to offer online shopping via the govt-backed Open Network for Digital Commerce (ONDC), according to the Financial Times.
India carries out first ever digitisation of documents of diaspora
The Indian Embassy Muscat, in collaboration with the National Archives of India, conducted a pioneering project to archive historical documents of the Indian diaspora in Oman.
ICC, FanCraze extend multi-year partnership
As part of the partnership, ICC Crictos SuperTeam, a Web3 fantasy game featuring officially licensed ICC digital video collectibles, will be launched, allowing fans to build fantasy teams using their ICC Crictos and compete in contests for daily rewards.
NCLAT defers hearing on Google's Play Store billing policy to July 5
Indian Broadcasting and Digital Foundation (IBDF), Indian Digital Media Industry Foundation, People Interactive India which operates Shaadi.com, and Mebigo Labs which operates Kuku FM have filed petitions before the NCLAT against Play Store billing policy.
CCI chief flags 'opacity of algorithms', potential 'data dominance' concerns in digital markets
Competition Commission of India (CCI) chief Ravneet Kaur highlighted the opacity of algorithms in assessing their impact on competition, emphasizing the need for competition law to evolve in digital markets. The CCI is closely monitoring digital markets to combat anti-competitive practices. Kaur also announced a forthcoming market study on Artificial Intelligence during the 15th annual day event.
How Account Aggregator can help digital lenders improve collections
Digital processes like loan monitoring, customer segmentation, and communication are being developed and improved to enhance the debt recovery efforts of digital lenders.
Dharavi redevelopment project survey to commence on March 18
The Adani Group-led Dharavi Redevelopment Project Pvt Ltd (DRPPL) will start the survey to collect data from informal tenement residents of Dharavi from March 18. This data will be used by the state government to determine rehabilitation eligibility criteria under the proposed redevelopment project.
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