VARINDIA IT MAGAZINE

Report: Airbus to sell jets made for AirAsia in 'fire-sale' move : Weeks after unlimit halt on air travel, due to COVID-19, Airbus is putting the six jets it built for AirAsia up for sale, in what may herald a “fire-sale of unwanted planes” as per reports. VARINDIA- INDIA'S FRONTLINE IT MAGAZINE

The government has announced stringent restrictions on  foreign direct investments (FDIs)  from countries sharing land borders with India, especially the recent episode by  Chinese companies functioning in India . The sources said, within China, the Chinese private sector, and particularly tech firms, work closely with the government and the Communist Party in pursuing many of its goals at home. It is quite obvious true that more  Chinese companies investing in India  ,as India attempts to gain market access in China for its information technology, agricultural and pharmaceutical industries have hit a wall for over a decade. As per the sources, actual Chinese investment in India is at least three to four times higher than the official Indian figure. With this China has emerged as one of the fastest-growing sources of  Foreign Direct Investment (FDI) into India . Indian statistics could record, those are the direct investments came from mainland C...

The department for Promotion of Industry and Internal Trade issued a press note 3 (2020 series) stating that foreign investments from countries with which India shares land border shall be under approval route. Also, transfer of ownership of any existing or future FDI in an entity in India, directly or indirectly, resulting in beneficial ownership falling within this restriction will require government approval. The move comes close on the heels of market regulator Sebi asking custodian banks to disclose details of `ultimate beneficial owners’ of  foreign portfolio investors  (FPIs) based in China and Hong Kong. The press note states that this review is for curbing opportunistic takeovers or acquisitions of Indian companies due to current Covid 19 pandemic. The move is likely to have implications for future investments by venture capital funds and the startup segment that had seen rise in Chinese investments over last few years and may have deals inked for future in...

The  Pentagon  is reconsidering its awarding of a major cloud computing contract to  Microsoft  after rival tech giant  Amazon  protested what it called a flawed bidding process. U.S. government lawyers said in a court filing this week of March 13, 2020 that the Defense Department “wishes to reconsider its award decision” and take another look at how it evaluated technical aspects of the companies’ proposals to run the $10 billion computing project. The Pentagon’s process for awarding a highly lucrative cloud computing contract to Microsoft instead of Amazon was in line with legal and government purchasing standards, a government watchdog agency said Wednesday. The Defense Department inspector general found no evidence of White House interference in the contract award process. But the report said investigators could not fully review that aspect of the matter because the White House would not allow unfettered access to witnesses. The contract,...

Vidya Balan makes masks out of a blouse piece : Vidya Balan has shared a video of preparing a mask at home using a blouse piece. She has shared the video on Instagram where she can be seen making a mask with a blouse piece and two bands used for tying hair. VARINDIA- INDIA'S FRONTLINE IT MAGAZINE

Amyra Dastur goes vocal on live in relationship and more : Actress Amyra Dastur currently was on chat through social media with her fans amid lockdown due to pandemic. Amyra, who featured in the cast of the 2017 Jackie Chan action comedy 'Kung Fu Yoga' VARINDIA- INDIA'S FRONTLINE IT MAGAZINE

Amid  Coronavirus , people are also being advised to refrain from touching their face, as it may put them at the risk of contracting coronavirus pandemic. As known, the virus, which is primarily transmitted from human contact, can get on to your hands from contaminated surfaces and move into your respiratory system, eventually making you sick. The device buzzes to stop you from touching your face (or even bringing your hand close to it). Slightly Robot, a US based start up,  modified its Immutouch, smart band to work as a face-touch detector. Here how it works: Once the user calibrate the band to detect hand-to-face gestures, its accelerometer starts working with a personalized algorithm to track the position of the hand. It senses hand movement about 10 times per second and starts vibrating (a signal of hazardous action) as soon as one touches his/her face or come close to touching. As the buzzer rings every time user brings his/her hand to the ...

IIT-Delhi startup brings mask 'at par' with N95 worth ₹45 : As masks are in short supply, an IIT Delhi startup has launched N95 masks for just ₹45. The mask is at par with N95 in terms of proper fitting, and engineered filtration layer that could provide up to 98% filtration efficiency.  The price is affordable so that it can reach masses for enhanced protection. VARINDIA- INDIA'S FRONTLINE IT MAGAZINE

Do you know what is off-Facebook activity ? : One can improve the security of your Facebook account by getting an alert when someone tries logging in from a device or web browser we don't recognize. These alerts will tell you which device tried logging in and where it's located. VARINDIA- INDIA'S FRONTLINE IT MAGAZINE

COVID-19 spurs cyberattacks on healthcare sector : The global healthcare sector has been subjected to an array of cyberattacks as it deals with the COVID-19 pandemic, says GlobalData, a leading data and analytics company. VARINDIA- INDIA'S FRONTLINE IT MAGAZINE

Eros merges with US filmmaker STX : Eros International Plc, Indian movie producer is merging with U.S. filmmaker STX Entertainment in an all-stock deal that brings together Bollywood and Hollywood. VARINDIA- INDIA'S FRONTLINE IT MAGAZINE

TCS to honour 40000 job offers made to Freshers in 2019 & 2020 : Amid this pandemic, Tata Group is doing its every bit to help India sustain itself from Coronavirus. Tata Consultancy Services (TCS) said it will honour all the 40,000 job offers made to fresher’s this year. However, the company said it has decided not to give any salary hikes this year amid the pandemic. VARINDIA- INDIA'S FRONTLINE IT MAGAZINE

Microsoft gains boost from Affirmed Networks acquisition but needs to maintain momentum to remain competitive : With two major announcements in the past month, Microsoft has significantly sharpened its focus on addressing emerging 5G priorities for network operators. Despite the strong step forward with these two announcements, Microsoft VARINDIA- INDIA'S FRONTLINE IT MAGAZINE

AWS, Microsoft and Google are into the same boot, which one to choose the best ? : The cloud service providers offers a wide range of services includes , IaaS, PaaS, and SaaS, which have allowed businesses to develop virtualized IT infrastructure and deliver software through the cloud, independent of a user's operating system. VARINDIA- INDIA'S FRONTLINE IT MAGAZINE

IT services contracts signed in February 2020 suffered a monthly decline of 33% : Following this week’s results announcements from leading Indian IT services vendors Wipro and TCS. VARINDIA- INDIA'S FRONTLINE IT MAGAZINE

Cybercrime forums are listing an increasing number of stolen or cracked accounts for sale of Zoom teleconferencing software. : Cybercrime forums are listing an increasing number of stolen or cracked accounts for sale of Zoom teleconferencing software. VARINDIA- INDIA'S FRONTLINE IT MAGAZINE

Government waves off rent worth Rs 5 cr of mini IT Units operating from SPTI centers : The government has decided to waive off the rent being paid by IT units till June; that is for a period of four months. This will certainly come as a huge relief to IT and ITeS companies operating out of Software Technology Parks of India. VARINDIA- INDIA'S FRONTLINE IT MAGAZINE

MIT scientists' team build glove to hack one's dreams : Dreams are the thoughts we see while asleep. It is said, dreams are what we feel or think of. “Dreaming is really just thinking at night,” says Adam Horowitz, a PhD student at MIT Media Lab’s Fluid Interfaces Group and a Dream Lab researcher. VARINDIA- INDIA'S FRONTLINE IT MAGAZINE

FAIITA Raises Concern On the e-trailers Tantrum : The Information Technology Federation , consitutes of several IT Associations from across the country,wrote a request to the Prime Minister Modi, to look into the future of the Brick and Mortar shops spreed across the country VARINDIA- INDIA'S FRONTLINE IT MAGAZINE

Changing business landscape of VC - Zoom Out !!! : The talk of the world in the pandemic era is on how to connect and re-connect through video conferencing app Zoom. The whole world seems to have taken to it in this time of lockdowns and social isolation. VARINDIA- INDIA'S FRONTLINE IT MAGAZINE