VARINDIA IT MAGAZINE

Digitalization Will Make Most Of Financial Firms Irrelevant by 2030 : By 2030, 80 percent of heritage financial services firms will go out of business, become commoditized or exist only formally but not competing effectively, according to Gartner, Inc. VARINDIA- INDIA'S FRONTLINE IT MAGAZINE

India's digital economy to cross $1 trillion by 2022 : India's digital economy is likely to cross $1 trillion by the financial year 2022, a KPMG report said here on Thursday. VARINDIA- INDIA'S FRONTLINE IT MAGAZINE

Jensen Huang Took Centre Stage On 4th edition of NITI Lecture Series PIB : In a recently held fourth edition of NITI Lecture Series in Vigyan Bhavan in New Delhi on how artificial intelligence (AI) can be used to democratise innovation by commoditising software. Where the Union ministers, policy makers, experts from different walks of life along with Niti Aayog vice chairman, CEO, members and other senior officials were also present on the occasion. The keynote address was delivered by Jensen Huang, President and Co-Founder of NVIDIA Corporation and Prime Minister Narendra Modi had attended the session. VARINDIA- INDIA'S FRONTLINE IT MAGAZINE

Parag Khurana quits F5 Networks : After a stint of five years, Parag Khurana has quit F5 Networks. He was the Managing Director for India and SAARC at F5 Networks. He had joined the company in April, 2013. VARINDIA- INDIA'S FRONTLINE IT MAGAZINE

Gemalto apology to the people of India : On October 15,2018, Gemalto published an inaccurate Breach Level Index report and press release that included a news article about an alleged and unverified Aadhaar data breach. I, Philippe Vallee, as CEO of Gemalto, extend my sincerest apologies on the grave error on our part for the publication of this erroneous report and press release. VARINDIA- INDIA'S FRONTLINE IT MAGAZINE

Ericsson partners with BSNL to bring 5G to India : Ericsson has signed an MoU with Bharat Sanchar Nigam (BSNL) to work together on developing new 5G use-cases, knowledge sharing on 5G technology concepts, industry and innovation trends including 3GPP standardization progress. The partnership will leverage Ericsson’s 5G Center of Excellence established earlier this year at IIT Delhi to work on evaluating benefits of 5G technology in areas like rural connectivity, connected healthcare, industrial automation, public safety, video surveillance, energy and agriculture, amongst others. VARINDIA- INDIA'S FRONTLINE IT MAGAZINE

HCL continues to create a sustained positive impact on the economic ecosystem it operates in by powering enterprises, stakeholders and partners through next-generation transformational services, participative value creation and innovation driven initiatives. HCL has signed 17 transformational deals reflecting a mix of Mode 1 and Mode 2 services led by Digital & Analytics, Cloud Native, IoT Works, Cybersecurity, along with Infrastructure Services, Engineering and R&D Services and Business Services. Roshni Nadar Malhotra has been appointed as the Vice Chairman of the Board of Directors of the Company with effect from October 22, 2018. She continues to be the Non-Executive Director of the Company. Working with a vision of building enterprises for the digital age. HCL Technologies commemorated its 30-year journey in the United States. Over the past three decades, HCL has built a vibrant and strong ecosystem in the United States through its business and societal ende...

There is a say on the insider threat is much dangerous then outsider threat. At last police able to nab the culprit, none other than his own long associate personal secretary Sonia Dhawan ditched her boss (Paytm founder and CEO Vijay Shekhar Sharma ) to extort Rs. 20 crore in lieu of stolen personal data, However, the company says, that all its consumer data is protected with the "highest and most impenetrable levels of security". Sonia has arrested by UP Police in Noida for allegedly blackmailing her boss to money. This is a case of personal data theft of Vijay Shekhar Sharma, there were three persons arrested so far and at this point, the law enforcement authorities are investigating this matter and we would like to respect the police investigation, and not comment further until the results of such investigation are known," Paytm said in a statement. Sonia was the mastermind of the extortion bid. Sonia has been working with Paytm from the last 10 years ...

Why Sonia, secretary of Paytm Chief Done Blackmailing : There is a say on the insider threat is much dangerous then outsider threat. At last police able to nab the culprit, none other than his own long associate personal secretary Sonia Dhawan ditched her boss (Paytm founder and CEO Vijay Shekhar Sharma ) to extort Rs. 20 crore in lieu of stolen personal data, However, the company says, that all its consumer data is protected with the 'highest and most impenetrable levels of security'. Sonia has arrested by UP Police in Noida for allegedly blackmailing her boss to money. VARINDIA- INDIA'S FRONTLINE IT MAGAZINE

Optoma WU336 Projector – best suited for small to medium rooms : Optoma WU336 gives bright images and high dynamic contrast. This projector is best suitable for small to medium rooms like classrooms, meeting rooms and training labs. Its 3,400 lumens and 20,000 to 1 contrast ratio produces incredibly sharp and vivid images, even with moderate room light. Its support for sRGB and REC.709 colour profiles ensures accurate colour reproduction with any source like PC VARINDIA- INDIA'S FRONTLINE IT MAGAZINE

Valuepoint appoints Raj Reddy as its Founder & CEO : Valuepoint Systems has announced the joining of Raj Reddy as the Founder and CEO of Valuepoint Digital, to drive its journey as digital transformation catalyst in delivering next-gen digital infra, automation, cloud, digital product engineering and support services. VARINDIA- INDIA'S FRONTLINE IT MAGAZINE

The travel records of up to 30,000 U.S. military and civilian workers have reportedly been leaked through a commercial vendor used by the Pentagon. According to a report , an anonymous source familiar with the matter stated that this breach was discovered on October 4th, but may have happened months ago. It says that Pentagon has been hit by a cyber breach of Defense Department travel records that may have compromised the credit card data and other personal information of its workers. A United States official with knowledge of the breach, who spoke with the Associated Press on the condition of anonymity while an investigation is underway, said that as many as 30,000 workers could have been affected. Lt. Col. Joseph Buccino, a spokesman from the Pentagon, confirmed in a statement by email that the Defense Department is investigating the hack, which he said occurred through a yet-unnamed contractor that...

The government is working on a larger plan for the honest taxpayers , an how to give benefits ”Priority Service” while using public services to the Tax payers at airports, railways stations and at tolls on highways, it is definitely a great move by the Government. There are about 8 crore income taxpayers in the country at present could get benefited with this scheme and the CBDT has instructed the taxman to add 1.25 crore to this tally by the end of the current financial year in March 2019.   The proposal will be introduced by the Finance Ministry and sent for final approval to the Prime Ministers Office (PMO) before it is cleared by the Union cabinet. A cabinet note to enhance the output of the Central Processing Centre (CPC) of the department in Bengaluru has already been prepared and sent. They said that a committee under the Central Board of Direct Taxes, the policy-making body for the Income Tax Department (ITD), is working to chalk out the broad parameters for ext...

Ina. recently held conclave on the future of AI,where the speakers had stressed the need for the information technology sector to embrace Artificial Intelligence (AI). Asoke K. Laha, Founder, President and CEO of InterraIT, has emerged as a strong advocate of the adoption of cutting-edge technologies as a strategy to reorient India’s IT industries in the face of challenges posed by rampant protectionism, increased competition, and labor arbitrage in its target markets. “We need to look inward at domestic markets with a view to bringing to the table sophisticated new technologies like open-source software, cloud computing, data analytics, and now artificial intelligence.” Laha said..... Read More

The new corporate office of Bharat Broadband Network Limited (BBNL) in East Kidwai Nagar, New Delhi in the NBCC Building Complex was inaugurated by Minister of State for Communications (Independent Charge) and Minister of State for Railways, Shri Manoj Sinha today. Addressing the members of the press and media immediately after the inauguration, the Minister said – “BBNL has played a key role in leading the successful implementation of the BharatNet project fordigitally connecting all 2,50,000 Gram Panchayats (GPs) in the country. The objective of this flagship project of our Government is to facilitate the delivery of e-governance, e-health, e-education, e-banking and other services to citizens in every part of our country, on a non-discriminatory basis. We have completed approximately 50% of the project, and the remainder is targeted for completion by March 2019.” The new BBNL corporate office has been taken on a 30-years lease from the Ministry of Urban Development, thro...

Minister of State for External Affairs M.J. Akbar on Sunday threatened to take legal action against several women journalists who have accused him of sexual harassment at two newspapers where he had been editor. So seems his resignation is not going to happen. In a detailed statement, Mr. Akbar, who returned India from Africa where he had been leading an Indian delegation on various events, said that “accusation without evidence has become a viral fever among some sections. Whatever be the case, now that I have returned, my lawyers will look into these wild and baseless allegations in order to decide our future course of legal action.” Mr. Akbar attributed the allegations to motives other than the #Metoo movement’s aims of outing sexual predators. “Why has this storm risen a few months before the general election? Is there an agenda? You be the judge. These false, baseless and wild allegations have caused irreparable damage to my reputation and goodwill,” he said.... Read More ...

Modiin Entrepreneurs’ Israel-based Startup Hub is going to set up an India-Israeli Innovation Centre (IIIC) in Bengaluru, which will be its first startup incubation facility in India after the US, the UK and China. A 10,000 square feet area has selected in Bengaluru facility, which is MESH’s fourth such facility globally, will be set up in the central business district of Bengaluru and will be operated by MESH itself. Beside giving Indian startups access to Israeli investors and frontier tech talent, the Bengaluru and other upcoming incubator facilities will bring on board both Israeli and Indian educational institutions for collaboration and co-research, under which Israel’s Technion, Ben-Gurian and Tel Aviv Universities will join hands with India’s IITs and IIIT. It is also fact that, Israel as a country is strong point into security and cyber security portfolio and they are also aligning its India strategy around government initiatives like Startup India and Di...

India Ratings and Research (Ind-Ra) believes that the steps taken by Reserve Bank of India (RBI) to support systemic liquidity and State Bank of India (SBI; IND AAA/Stable) to offer balance sheet liquidity for non-banking financial companies (NBFCs) would help alleviate some of the ongoing tightness in the financial system. These measures however are likely to bring about a temporary effect. For long-term sustainability, restoration of normalcy in the credit market especially for NBFCs is critical. Additionally, development of alternative sources of financing such as an active securitisation market would be beneficial. Actions to Complement System and Balance-sheet Liquidity: The RBI has recently infused INR320 billion of durable liquidity into the system and another INR240 billion is likely to come in the month of October 2018 through open market operations. In addition, to tide over frictional liquidity mismatches, banks are now permitted to reckon SLR securities held by th...

Technology leaders are also getting into their feet with the newer challenges into Cybersecurity is coming up and forget professional sports, celebrities and #MeToo and now, cybersecurity is today’s real headliner ,with the People have embraced social media so persistently that it has become an integral part of our lives now. It is being used not only by individuals but also businesses, organisations and governments, who are utilising S.M platforms for constant engagement with the masses. Anxiety and depression is the most underrated disadvantage of social media. Anyone who gets trolled over social media or is harassed easily get into depression. The person who is trolled by social media can’t get out of depression easily. A survey revealed, there have so many cases where people were harassed and went into severe depression, sometimes leading to deaths and suicides. It’s true that social media has proved to be very useful for everyone and it offers a global platform to ...

If reports are to be believed, internet users across the globe may experience widespread network outrage. The network failure will result because of the key domain servers slated to undergo routine maintenance over the next 48 hours. According to a leading Russian Daily, the main domain servers and its related network infrastructure will be down for some time, because of which global internet users might experience network connection failures. The maintenance work will be carried out by the Internet Corporation of Assigned Names and Numbers (ICANN), during which the cryptographic key will be changed that helps protect the internet's address book or the Domain Name System (DNS). This has been necessitated to counter the rising incidents of cyber-attacks, the ICANN said. In a statement, the Communications Regulatory Authority (CRA) said the global internet shutdown is necessary for ensuring a secure, stable and resilient DNS. "To further clarify, some inter...

VARINDIA, the premium B2B IT and telecom magazine, has launched its first Android app to keep its readers updated daily about the latest happenings in the dynamic IT industry. Now, readers can easily go through the IT- and telecom-related news with just a single click on the app. The app is now available on the Google Play store.  VARINDIA has been the propagator of a technological revolution by continually providing its readers and patrons with the latest news, views and analysis on Indian IT and telecommunication which is most relevant. It has earned its reputation as a one-stop destination for news related to ICT. What the app offers: The Mobile App for all Platforms including iOS and Android was launched on 9th October, 2018 with the latest reader-friendly UX model to reach its readers in a completely different format to experience news items on the go by using the AI-integrated framework and technology platform. This platform delivers both videos and news sto...