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As NFT prices drop, taxman could come knocking

The tax department is sure to question the sharp drop in the valuation of these virtual digital assets, tax experts said. The department would scrutinise NFT transactions on suspicion that some of the money may have been accepted in cash to reduce the tax outgo.

from Tech-Economic Times https://ift.tt/bFxipZt

Chips are like oil, India will need at least 10 fab units, says Ashwini Vaishnaw

India cannot always keep importing chips, Vaishnaw said, expressing disappointment over comments by former RBI governor Raghuram Rajan that the country should not get into chip manufacturing.

from Tech-Economic Times https://ift.tt/Rg6hkXw

EV makers asked to submit quality control details to the government

Following a meeting on April 25-- attended by two and three-wheeler electric vehicle manufacturers—the ministry of Road Transport & Highways (MoRTH) has written to original equipment manufacturers asking for details of specific quality control measures.

from Tech-Economic Times https://ift.tt/Lmg6p7S

EV makers asked to submit quality control details to the government

Following a meeting on April 25-- attended by two and three-wheeler electric vehicle manufacturers—the ministry of Road Transport & Highways (MoRTH) has written to original equipment manufacturers asking for details of specific quality control measures.

from Tech-Economic Times https://ift.tt/JSZ4Nay

India remains trigger-happy on internet shutdowns

By the end of the year, India was responsible for at least 106 such incidents, making it the worst offender on internet shutdowns for the fourth year in a row. India accounted for almost half (47%) of the 182 internet shutdowns worldwide in 2021.

from Tech-Economic Times https://ift.tt/jz3qmlU

Swiggy to pilot drone-based deliveries for its grocery service Instamart

Swiggy has selected – Garuda Aerospace, Skyeair Mobility, the consortia between ANRA Technologies and TechEagle, as well as Marut Dronetech– for the pilots.

from Tech-Economic Times https://ift.tt/JKROPkU

Apple reports slower Q2 sales growth, but results top estimates

The technology giant reported quarterly earnings of $25 billion, up 5.8% from the year-ago period as revenues rose nine percent to $97.3 billion.

from Tech-Economic Times https://ift.tt/2fvHaSm

Yellow.ai deploys 30% of global generative AI bots domestically

While markets like the US are mostly using GenAI for customer support in a bid to cut costs, India Inc. is using them as an opportunity to g...