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India's CCTV crack down could impact Chinese players
Economic Times
ยท
10m ago
Medial
The Indian government plans to exclude Chinese vendors from surveillance equipment supply chains following the coordinated pager explosions in Lebanon. The move is expected to benefit local companies. The government aims to implement guidelines on CCTV cameras by October 8, and Chinese players will be affected, allowing Indian companies to gain market share. The focus on CCTV cameras predates the pager explosions, with an emphasis on security and data leakage concerns. The government seeks to ensure that manufacturing chains are secure and do not have backdoors for data leakage. The regulations also promote the use of secure elements in surveillance equipment and stricter checks on hardware and software. Existing players, such as CP Plus, Hikvision, and Dahua, may need to invest heavily in R&D to comply, potentially impacting their short-term growth. The government has also shown a preference for European players like Bosch, despite their higher cost.
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Centreโs Probe Against Chinese Entities Linked To Loan Apps In Final Stages
Inc42
ยท
1y ago
Medial
The Ministry of Corporate Affairs in India is conducting investigations into Chinese loan apps for alleged violations. Some cases are being probed by the Serious Fraud Investigation Office. The government aims to crack down on the operations of illegal Chinese loan apps by cancelling registration and freezing accounts if fraud is found. This investigation follows the Enforcement Directorate's search of office premises linked to Chinese entities involved in unauthorized lending apps. Despite concerns about predatory lending practices, these illegal entities continue to operate in India's digital lending space.
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MCA may remove up to 400 Chinese companies in 3 months over financial fraud; more than 700 under probe: Report | Mint
Livemint
ยท
1y ago
Medial
The Ministry of Corporate Affairs (MCA) in India is reportedly planning to remove around 400 Chinese companies in the next three months. Over 700 Chinese companies are currently being investigated by MCA. The investigation focuses on loan apps, online job companies, and other businesses accused of predatory lending practices, fraud, and financial violations. This move is part of India's efforts to crack down on unethical practices and protect consumers. Companies that do not respond to notices will be removed from the official Registrar of Companies (RoC) and will no longer be recognized as valid businesses.
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US curbs on Nvidia chips to have limited impact on South Korean chipmakers
Economic Times
ยท
3m ago
Medial
The new US restrictions on Nvidia's H20 AI chip exports to China will have limited impact on South Korean chipmakers, according to experts. SK hynix, supplying HBM3E memory for these chips, is primarily focused on their latest generation destined for non-Chinese markets. The export ban will not affect SK hynix's financials, as contracts are already secured. However, uncertainty lingers as the broader Chinese AI chip market could slow down, affecting future opportunities.
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Threat of Chinese overcapacity looms over memory chips
Livemint
ยท
9m ago
Medial
Investors are concerned about the potential impact of China's significant increase in memory-chip production on the market. While it is not an immediate risk, the expansion by Chinese manufacturers, such as ChangXin Memory Technologies (CXMT), could pose a challenge down the road. However, CXMT currently lags behind its more advanced rivals in terms of bit density and production yield. The impact of increased supply has mostly been felt in lower-end legacy chips, with prices falling. Export controls and geopolitical tensions may also slow down China's progress in catching up to global peers.
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Citing Hamas, the US Wants to Treat Crypto Anonymity Services as Suspected Money Launderers
Wired
ยท
1y ago
Medial
On October 7, Hamas' attacks on Israel have led to the United States Department of the Treasury proposing new rules to crack down on cryptocurrency anonymity services. The rules would designate foreign cryptocurrency mixers as money laundering tools posing a national security threat, subjecting them to sanctions and regulations. This move could significantly impact cryptocurrency holders looking to cash out at US exchanges. While the rules were likely in development before the attacks, the Treasury links the push for policy change directly to the use of cryptocurrency by Hamas and other groups. The proposal is open for public comment and debate.
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TikTok and government clash in last round of Supreme Court briefs
Economic Times
ยท
7m ago
Medial
The Supreme Court is set to hear arguments regarding a government measure that could force TikTok's US operations to sell or shut down due to security concerns about Chinese influence. This case, with significant First Amendment implications, could impact 170 million American TikTok users. TikTok's brief argues for free speech protections even for foreign entities, while the government insists on more stringent controls. The Supreme Court's decision, expected soon, will determine TikTok's future in the US.
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The White House Warns Cars Made in China Could Unleash Chaos on US Highways
Wired
ยท
1y ago
Medial
The US government has launched an investigation into the national security risks posed by foreign-made vehicles with internet connectivity, particularly those made in China. Secretary of Commerce Gina Raimondo expressed concerns about the potential for Beijing to remotely disable Chinese-made vehicles on American roads. The investigation will explore how these vehicles could be used for espionage, data collection, or sabotage. The move is part of a broader concern about China's technology ambitions and its impact on the US auto market. Chinese automakers, such as BYD, have become major players in global car manufacturing, including electric vehicles.
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Indiaโs semiconductor industry could play key role as global supply chains shift: Chris Miller
Economic Times
ยท
7m ago
Medial
India's semiconductor industry could become crucial as global supply chains shift away from Chinese chips, opening market opportunities for Indian chipmakers. Infrastructure challenges remain, but investment and governmental pushes align with India's role in international supply chains. Chris Miller notes the US-India technology partnership's potential in semiconductors, amidst geopolitical shifts and AI's impact on the industry. Indiaโs progress has been notable, though realizing investment announcements remains a challenge in developing this evolving sector.
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Zerodha's Nithin Kamath sounds alarm: Phony trading apps mimic brokers in India
Livemint
ยท
1y ago
Medial
Zerodha CEO, Nithin Kamath, has raised concerns about phishing websites and fake trading apps targeting Indian investors. Fraudsters are creating websites and apps that resemble those of Indian brokers, tricking users into downloading them and transferring money. This comes after the Chinese loan app scandal and amidst a rising number of fraud cases in India. The government is planning to crack down on such apps on Google Play Store and Apple app store. The Reserve Bank of India reported around 13,000 bank fraud cases in fiscal year 2023.
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YouTube prepares crackdown on 'mass-produced' and 'repetitive' videos, as concern over AI slop grows | TechCrunch
TechCrunch
ยท
1m ago
Medial
YouTube is updating its Partner Program Monetization policies on July 15 to crack down on "inauthentic" content, including mass-produced and repetitive videos facilitated by AI technology. The change aims to clarify guidelines, ensuring only original content is monetized. While some creators worry about impacts on their revenue, YouTube assures it won't affect reaction videos or similar content. The move addresses concerns over AI-generated content flooding the platform, which could harm YouTube's reputation and value.
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