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News on Medial
‘Tighter tech rules spur business for global CDN firms’
Livemint
·
1y ago
Medial
Regulations on data use and localization have created business opportunities for global content delivery networks (CDNs) and cloud service operators. Akamai, a leading CDN provider, claims to have invented CDN technology. With increasing data monitoring and fragmented regulations, CDNs like Akamai see potential in helping companies comply with global tech regulations and manage their data-driven operations across different countries. Compliance with regulations such as India’s Digital Personal Data Protection Act and the EU's General Data Protection Regulations requires significant investments in infrastructure and network presence. Akamai has reported solid revenue growth and employs over 2,500 people in India.
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DOGE’s federal spends slash unlikely to bleed Indian IT companies
Economic Times
·
6m ago
Medial
The Department of Government Efficiency’s (DOGE) cancellation of federal contracts may affect US-based consulting technology companies but will minimally impact Indian IT firms. Indian IT's exposure to US federal contracts is less than 2% of its revenue, often working with state and local governments instead. While uncertainties exist, DOGE’s tech-focused initiatives might spur opportunities for global tech players, especially those with local US investments. Major consultancies could face significant effects from these changes.
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US on-site openings shrink for techies as IT hits pause button
Economic Times
·
2m ago
Medial
Indian software majors like TCS, Infosys, and Wipro are pausing on-site deputations to the US amidst business uncertainties and tighter immigration policies. Though they cleared workers for foreign assignments, visa processes remain delayed. This pause is influenced by business dynamics, demand slowdown, AI efficiencies, and tighter US visa regulations. Additionally, hiring locals or subcontractors overseas increases costs, prompting firms to temporarily hold such deputations until more clarity from the US government emerges.
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'This hack works no more...': Angel investor flags dying $200K tech job path for Indian students in US
Business Today
·
3m ago
Medial
Angel investor Rajesh Sawhney warns that a US master’s degree no longer guarantees high-paying tech jobs for Indian students, with $200,000 starting salaries now elusive. Tighter H-1B rules and fraud crackdowns have led to fewer opportunities, increased documentation, and longer wait times. F-1 visa delays and potential changes to the OPT program further threaten job prospects, signaling a major shift in the value of international degrees for Indian students and families.
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Centre planning to raise odds against illegal betting companies
Economic Times
·
1y ago
Medial
The Indian government is considering tighter rules for UPI transfers to curb illegal gambling and betting platforms operating in India. It has discovered 114 such illegal platforms and plans to implement measures including tax collection at source, blocking unregistered online gaming firms, and a stricter verification process. These platforms are using proxy bank accounts to collect UPI payments and then remitting the funds through illegal channels. Offshore platforms like Parimatch, Fairplay, and Dafabet are among those operating illegally, using surrogate news websites and changing payment proxies to avoid detection.
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Nasscom neutral on India joining global Cross Border Privacy Rules forum
Economic Times
·
2m ago
Medial
Nasscom, India's leading tech industry body, remains neutral on India joining the global Cross Border Privacy Rules (CBPR) forum, concerned about potential compliance burdens versus benefits. The CBPR, driven by the US and other member countries, aims to standardize data privacy through certification. Nasscom plans to release a White Paper assessing CBPR's alignment with India's legal framework. Key Indian tech firms participated in discussions, though some declined to comment on the forum's impact.
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Microsoft will urge Trump to overhaul curbs on AI chip exports: report
Economic Times
·
6m ago
Medial
Microsoft is urging President Trump to relax AI chip export restrictions, particularly for allies like India, Switzerland, and Israel, according to a Wall Street Journal report. Microsoft's appeal aligns with concerns that tighter U.S. controls on AI chip exports, especially to China, hamper American technology firms. Microsoft warns allied nations may look to China for access to advanced computing solutions. The plea is in response to existing and proposed export restrictions that complicate global AI infrastructure competitiveness.
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Jensen Huang Dismisses Fears: US AI Chips Unlikely in China’s Military
StartupTalky
·
1m ago
Medial
Nvidia CEO Jensen Huang believes US concerns about their AI chips enhancing China's military capabilities are unfounded, as Chinese forces are unlikely to adopt US technology due to risks. The US, citing security threats, banned exports of Nvidia’s advanced semiconductors to China. Huang argues that such restrictions unfairly hinder US firms' global competitiveness and could spur China to develop rival technologies. Despite meeting US leaders, including Trump, Huang faces bipartisan pressure to avoid Beijing’s military-linked entities.
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Biden administration puts quotas on global AI chip sales
Arstechnica
·
7m ago
Medial
The US government has imposed new regulations on global AI chip exports, dividing countries into three tiers of access. Close allies enjoy unrestricted access, while approximately 120 countries face quotas, and bans remain on China, Russia, Iran, and North Korea. The rules, effective in 120 days, aim to prevent misuse of AI chips for national security threats. Major tech firms and industries express concern, viewing the regulations as potentially driving markets toward Chinese competitors.
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Lead auditors to be held accountable for group lapses. So why are the small audit firms fretting? | Mint
Livemint
·
1y ago
Medial
India's audit watchdog, the National Financial Reporting Authority (NFRA), is looking to close a regulatory loophole that allowed business groups to divert funds through subsidiaries without being held accountable. The proposed rules would make the lead auditors of conglomerates responsible for any fund diversions, aligning with international standards. However, concerns have been raised that this could lead to smaller audit firms being edged out by larger firms. The proposed changes will include exceptions for unlisted companies, public sector entities, and state-run banks. Industry experts have differing opinions on the potential impact of the proposed rules.
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Big Four, other global firms push back against draft ICAI rules
Economic Times
·
2m ago
Medial
Top global professional services firms are contesting draft guidelines proposed by the Institute of Chartered Accountants of India (ICAI), which aim to regulate overseas networks involved in multi-disciplinary advisory services in India. The firms argue that the rules demand excessive disclosures, raising confidentiality concerns and operational complexity. Key issues include ambiguous terminology, extensive financial disclosure requirements, and perceived overreach of the ICAI. Critics argue that these guidelines could hinder global networks and smaller Indian firms, impacting their functionality and collaboration.
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