27 December 2018 - News Monitor
- Priyanka Kanodia
- Dec 27, 2018
- 4 min read
DiGiSPICE
Industry News
Anil Ambani’s RCom says committed to pay outstanding spectrum dues, as deal with Jio hangs in balance
Publication- The Financial Express
Edition- Online
Anil Ambani-led Reliance Communications Ltd said on Wednesday that it remains committed to paying its outstanding dues, even as the telco’s proposed deal with Mukesh Ambani-controlled Reliance Jio remains uncertain. RCom said it hopes to get long-awaited consent from DoT for its spectrum sale to Reliance Jio Infocomm.
“RCOM being a continuing licensee remains committed to discharge any outstanding or disputed amount subject to final adjudication,” RCom said in a notice to the stock exchanges. The move comes in a response to various media reports, saying that the Department of Communications (DoT) has rejected the deal as it does not conform to its guidelines. Meanwhile, RCom has also missed its December 15 payment deadline to settle dues of unsecured lender Ericsson. RCom expects to get Rs 975 crore from sale of the spectrum which it has promised to pay dues of Rs 550 crore to Ericsson and Rs 230 crore to settle dues of minority stakeholder Reliance Infratel.
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More AI, IoT Based Attacks To Surface Next Year: Symantec
Publication- CXO Today
Edition- Online
In anticipating the major cyber security and privacy trends for the coming year, you can find plenty of clues in the events of the past 12 months. Among the now familiar forms of attack, cyber hacks of major corporate systems and websites continued in 2018 and will inevitably be part of the 2019 cyber security scene. Many well-known organizations around the world suffered significant breaches this year. The single largest potential data leak, affecting marketing and data aggregation firm Exactis, involved the exposure of a database that contained nearly 340 million personal information records.
Beyond all-too-common corporate attacks, 2018 saw accelerated threat activity across a diverse range of targets and victims. In the social networking realm, Facebook estimated that hackers stole user information from nearly 30 million people. A growing assortment of nation-states used cyber probes and attacks to access everything from corporate secrets to sensitive government and infrastructure systems. At the personal level, a breach into Under Armour’s MyFitnessPal health tracker accounts resulted in the theft of private data from an estimated 150 million people.
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IoT to generate revenues of over $11 bn in India by 2022: Report
Publication- Tech Circle
Edition- Online
With the potential to reach an estimated two billion connections in India, Internet of Things (IoT) is expected to fuel $11.1 billion in local revenues by 2022, according to a joint study by consulting firm EY and trade body Associated Chambers of Commerce and Industry of India (ASSOCHAM) "Fast forward to India 2022, five new mobile connections per second are estimated to join the power of internet. Nearly 50% of the households are likely to be connected through fixed broadband," the report stated. Mostly limited to connecting people at present, IoT is well placed now to connect billions of devices, vehicles, household appliances and machines, the study pointed out.
It highlighted that India has huge potential despite lagging behind countries like the US, China and South Korea in optical fibre connections. The report stated that ‘fiberisation’ of towers is critical for the country as only 25% of Indian telecom towers carry optical fibre as opposed to 65-80% in the US, China, and Korea.
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Our Cloud Business Is Growing At A Very Good Pace: Sunil Mehra, Oracle India
Publication- Express Computer
Edition- Online
Oracle’s cloud business is growing at a very good pace with the company having an overall customer base of 15,000 today in India, most of whom are cloud customers, says Sunil Mehra, VP-Cloud Platform, Oracle India , in an interview with Express Computer With Cloud becoming mainstream for businesses, what is the overall growth of cloud witnessed in the past few quarters?
In the digital economy, cloud has become a business imperative. As more and more enterprises look to transform into digital-first businesses, CXOs view cloud as an innovation catalyst. The continued rise of cloud adoption in India is testimony to this trend.
As individuals and end consumers, there’s a lot of AI already in our lives – the virtual assistants on our smartphones or smart devices at home or smart infotainment in our vehicles are some of the many common AI use cases in our everyday lives. It’s therefore quite natural for us to see AI becoming pervasive in the enterprise in a big way. According to research by Accenture, AI could add a whopping $957 billion to the Indian economy by changing the nature of work to create better outcomes for businesses and society.
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International Blockchain Congress Kicks Off Six-Month Hackathon, Genesis Hack
Publication- Crypto News
Edition- Online
While cryptocurrency regulations hang in balance, it has not stopped the blockchain community in India from going forth and exploring how the technology can be utilized to the best of its ability. Keeping that in mind, the International Blockchain Congress (IBC)kickstarted a six-month intensive online and offline hackathon called Genesis Hack.
If readers may recollect, IBC was instrumental in organizing one of the biggest blockchain congress in India in August, in collaboration with the Governments of Telangana, Goa and blockchain company Nucleus Vision.
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