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Global Cloud services market reaches $55.9 billion in Q1

The top three cloud service providers benefited from increased adoption and scale, collectively growing 42% year on year and accounting for 62% of global customer spend, according to market research firm Canalys.

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

ED seizes Rs 5,500 crore of Xiaomi in FEMA case

Company being probed over alleged illegal royalty payments made to three foreign entities. Smartphone maker denies any wrongdoing, assures cooperation with authorities.

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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/1VmskXc

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.

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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

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...