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Tech Update



16 December 2019




© 2019 All Rights Reserved Tech Update Gives You a Quick Briefing about Disruptive Technology and the Digital Economy from India.


Thought for the Week: While investment is still coming into India in various tech industries, bearish global and domestic news is filling the media as we approach 2020.


This week:


Firms may get 2 years to comply with Personal Data Protection Bill: Government may give firms up to 2 years to comply will the requirements once the Bill is passed. The Bill is said to be modelled on the EU’s GDPR.


Realme may enter fintech market: Realme may enter Indian fintech market following Xiaomi’s Mi Credit. Lots of investment and entrants into India’s fintech and digital payments market.


Alibaba partners ZNet for cloud services in India: Alibaba is expanding its cloud services and data centre presence in India. Investments in cloud services in India are growing.


Telcos in need of govt help: Leaders of the telecoms industry are raising their concerns with the Government. If the industry is to press ahead with 5G government help will be needed. After concerns raised by Vodafone Idea and Airtel, it sounds as though urgent help is needed.


Uber is in talks for a share swap deal with Zomato: UberEats India operations is in play and reports suggest that Uber is in talks with Zomato whereby Zomato will take over UberEats India operations and Uber will invest in Zomato. This way Uber still has a foothold in India’s food delivery market. Will this be a way for Uber to remain in the game in markets where it is facing tough competition and regulatory challenges?


NSDL stops Aadhaar e-sign service: This move will impact fintech firms with eKYC and will make it more time consuming to onboard customers.


Vietnam plans to export electric cars to the US: India will have to work harder to become a manufacturing hub in Asia while Vietnam seems to be benefitting most from trade disputes.


Vishal Sikka joins Oracle’s Board: Former Infosys CEO and one of the leading AI thought leaders, Vishal Sikka has joined the board of Oracle.









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