Electric Two-Wheeler Sales Increase by 305% in 2022; UPI transactions reach all-time high🚀
Apple suppliers created 50,000 direct jobs in India in 16 months
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Now back to the news 👇
Online Gaming Industry praises Meity’s Draft Amendments to IT Rules 2021
The Indian government proposes a self-regulatory mechanism, age verification, and a know-your-customer (KYC) process for online gaming companies in the draft amendments to IT Rules 2021. The online gaming industry has praised the proposed amendments.
IMF chief predicts 2023 to be a tougher year for the global economy than 2022
Kristalina Georgieva, head of the International Monetary Fund, predicts one-third of the world economy to be in recession in 2023. She expects a “bush fire” of COVID-19 infections to sweep China.
Experts suggest two-year compliance period for companies to meet new personal data regulations
Experts suggest a two-year compliance period for companies to meet the provisions of the draft DPDP Bill of 2022. The provisions are aimed at creating a “behavioural law” that will bring a “cultural shift” in the way privacy and digital data protection are seen in India.
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Tesla delivers record number of vehicles in Q4, but falls short of Wall Street expectations
Tesla reported 405,278 vehicles delivered in the fourth quarter of 2022. This brings Tesla’s total annual deliveries to 1.31 million and total production in 2022 to 1.37 million. Tesla also reported total production of 439,701 vehicles in the fourth quarter.
IAMAI calls draft data protection bill industry-friendly, seeks clarity on implementation timelines
The Internet and Mobile Association of India (IAMAI) calls the draft data protection bill industry-friendly and urges the government to clearly indicate reasonable timelines for the implementation of the bill.
Electric Two-Wheeler Sales Increase by 305% in 2022
Electric vehicle industry had a record-setting year in 2022. Total of 9,95,319 EVs across vehicle segments were sold, up 208% from 2021. This was a 509% increase from 1,63,458 EVs sold in 2019. Electric two-wheeler industry was the biggest contributor to this growth.
Indian internet industry projected to reach $5 trillion by 2030
Despite some challenges this year, the industry is expected to continue to grow. “Interestingly, but not surprisingly, most online users come from tier 2 cities and beyond," the report mentioned.
UPI Transactions Reach All-Time High in December 2022
UPI transactions hit an all-time high in December 2022. The figure was 7% higher than in November. In value terms, the amount transacted last month was 8% more than the preceding one.
Private firm in Chennai holds biometric data of thousands, raising risk of identity theft
Private firm in Chennai holds biometric data of thousands of people. No legal framework is in place to protect this data. Chennai civic body denies this. Possession of biometric data poses a risk of identity theft.
NASA Administrator warns of China claiming the moon if it beats the US to the lunar surface
NASA Administrator Bill Nelson warns that China could claim the moon as its own territory if it beats the US to the lunar surface. Nelson pointed to Chinese military aggression in the South China Sea as an indication of what could happen on the moon.
Apple suppliers created 50,000 direct jobs in India in 16 months
Apple suppliers created 50,000 direct jobs in India in 16 months. Nearly 100,000 indirect jobs may have been created by the Apple manufacturing ecosystem in the country.
OYO sees over 4.5 lakh bookings on New Year’s Eve, says founder Ritesh Agarwal
Oyo experienced its busiest day of the year on New Year’s Eve. Founder Ritesh Agarwal shared the news in a series of tweets. Varanasi saw higher bookings than Goa.