Discount broking firm Zerodha said on Thursday it had applied for an asset management company (AMC) licence, which will permit it to build mutual fund products. Nithin Kamath, founder and CEO of Zerodha, told ET that the application to markets regulator Securities and Exchange Board of India (Sebi) is aimed at building such products targeted […]
Archives for 2020
Azure Security Center for IoT RSA 2020 announcements
We announced the general availability of Azure Security Center for IoT in July 2019. Since then, we have seen a lot of interest from both our customers and partners. Our team has been working on enhancing the capabilities we offer our customers to secure their IoT solutions. As our team gets ready to attend the […]
I-T dept moves HC against Flipkart’s ITAT ruling
The income tax (I-T) department has taken Walmart-owned Flipkart to high court over its Rs 110-crore demand. The case relates to the treatment of discounts as capital expenditure instead of revenue expenditure, according to court listings reviewed by TOI. Flipkart was issued a notice last month to appear and represent its case following the tax […]
Walmart bets on PhonePe cash withdrawal facility
Walmart’s top executives are betting big on its Indian payments enterprise PhonePe’s foray into digital ATM business to claim the top spot in the country’s increasingly competitive digital payments market where the global retailer faces stiff competition from peers Google, Amazon, Facebook and Alipay-backed Paytm. The recently-launched digital ATM feature by PhonePe plans to enable […]
IIT-M admits e-mail servers are down
IIT Madras has roped in technology services company Microsoft to resolve a server-related dysfunction impacting official e-mails since late Monday evening, said a senior professor aware of the network issue plaguing one of the top engineering and research institutes in the country. In a statement to the press on Wednesday, IIT-Madras said the e-mail sever […]
CCI fails to prove e-commerce marketplaces’ exclusive deals with smartphone makers
India’s competition watchdog did not have any material on record to prove that ecommerce marketplaces Amazon and Flipkart entered into exclusive deals with smartphone manufacturers on their platforms, according to a detailed transcript of a court order. The Karnataka High Court had on Friday stayed the Competition Commission of India’s January 13 directive ordering a […]
AICPA requests clarity on Sec. 465 reporting relief
The AICPA has requested that Treasury and the IRS issue a notice clarifying that relief on certain reporting under Sec. 465 will also apply to S corporations. On Dec. 9, 2019, Treasury and the IRS issued Notice 2019-66 to provide — among other relief — a delay in certain reporting under Sec. 465 at-risk activities […]
How one company is using Ubuntu Linux to make its IoT platform safer and faster
Engineers at Bosch Rexroth have chosen an open source way to power their app-based automation platform, citing better security and faster time to production. Ubuntu manufacturer Canonical has announced a partnership with Bosch Rexroth to put Ubuntu Core in its app-based ctrlX AUTOMATION platform. Ubuntu Core, which is designed for embedded environments and IoT devices, […]
AG Barr hits a key legal protection for Big Tech, says don’t entrust ‘profit-seeking private firms’ with public safety
Attorney General William Barr participates in a press conference at the Department of Justice on February 10, 2020 in Washington, DC. Sarah Silbiger | Getty Images Attorney General William Barr took aim Wednesday at a key legal protection for the tech industry, calling into question whether it is still needed as a small number of […]
ETMoney now lets users invest in NPS through its app
ETMoney has introduced an option to invest in National Pension Scheme (NPS) to help customers save on taxes and increase flow to the PFRDA controlled pension corpus.Through the feature, the fintech platform expects to double the NPS users across the country, a company spokesperson said. “India has one of the youngest working populations in the […]