VARINDIA IT MAGAZINE

Internet Access In India Has Crossed 50-Crore Milestone - TRAI : With the target fixed by Modi Govt. within three years the number of Internet connection has grown by 65% from March 2016 to cross the 50 crore mark in 2018, as per the last report submitted by Telecom Regulatory Authority of India (TRAI) by the end of September 2018 and there were 56 crore narrow-band and broadband connections in India. VARINDIA- INDIA'S FRONTLINE IT MAGAZINE

Cabinet approves death penalty for sexual crimes against children - Child Sexual Abuse : The Modi Govt. has approved the proposal for the Amendment to the Protection of Children from Sexual Offences (POCSO) Act, 2012 to provide the option of stringent punishment, including the death penalty, for sexual crimes against children on Friday. VARINDIA- INDIA'S FRONTLINE IT MAGAZINE

Instagram accidentally roll out new scrolling update to surprise users : The social media platform Instagram surprised users with a sudden change with a feed that scrolled from left to right rather than its traditional vertical format on Thursday, December 27. On a report The social It said that the update was 'supposed to be a very small test but we went broader than we anticipated.” VARINDIA- INDIA'S FRONTLINE IT MAGAZINE

Indian IT Services Industry has a stable outlook - ICRA : ICRA has a stable outlook on Indian IT Services industry. The credit profile of Indian IT Services companies remains stable underpinned by its ability to sustain free cash flows despite pressure on revenue growth and margins. With aggregate operating margins of ICRA sample set at 22.5% for FY2018 coupled with moderate capex (organic as well as inorganic) and working capital requirements, the free cash flows have remained robust historically. Despite pressures on growth and margins over the medium term, these factors are unlikely to impact the free cash flow generation ability of Indian IT Services companies though there could be moderation in the quantum of such cash flows. The credit profile is also supported by net cash position with significant liquidity in the form of surplus investments generated out of past cash flows. Our sample set (13 leading Indian companies) reported surplus liquidity (net of debt) of approximately Rs