The Indian gaming industry is in a fix after an empowered group of ministers (GoM) unanimously proposed a flat 28 per cent goods and services tax (GST) on gaming activities. Indian gaming companies and the industry body representing the industry had made representations for the continuation of an 18 per cent taxation, saying that this brings the Indian gaming industry at par with global players.

Publication: Business Standard

Taiwan Semiconductor Manufacturing Co., the world’s largest contract chip maker, is considering building a semiconductor factory in Singapore to help address a global supply shortage, according to people familiar with the matter.

Publication : Live Mint

Even before the forced mass adoption of digital in the pandemic, so many of us across all industries were alive to the benefits there is a plethora of game changing technology available that makes our lives easier and helps make smarter decisions faster and more efficiently.

Publication : Tech Radar

Industry players are also saying that by proposing to bring online gaming in the 28 per cent tax slab, the government is equating online games in the same category as horse racing and gambling, this when esports is making its debut at the 2022 Asian Games.

Publication : Business Standard

QwikSkills, a cloud certification and skilling platform, has raised 3.85 crore from Indian Angel Network (IAN) and other investors in a seed fund raising round.

Publication : Live Mint

Predictive analysis is key to making intelligent decisions based on such big data, according to researchers. However, there are problems that must be addressed especially when such big data exists in the cloud. Krishna Kumar Mohbey and Sunil Kumar of the Central University of Rajasthan in Ajmer, India, consider the impact of big data in this context.

Publication : Ele Times

Metaverse is a concept that many people in the tech industry are taking up these days. The latest company that has been reported to be venturing into the metaverse is PlayStation maker Sony.

Publication: News 18

“This is the first step towards making the solution feasible commercially. Over the next few months, ‘Made-in-India’ solution has the potential of going from local to global. It also meets India’s needs indigenously and securely,” the minister said.

Publication: The Times of India

Already, major domestic conglomerates such as Reliance Industries, Bharti Airtel, Adani group, Hiranandani group, and MNCs have joined hands with traditional data centre players like NTT, Sify, CtrlS, STT to invest huge sums in the data centre space.

Publication: The Economic Times

IT stocks were the biggest losers on Thursday with the BSE IT Index falling 5.25 per cent while the NSE IT Index fell 5.74 per cent, mirroring US tech index Nasdaq 100’s fall by 5.06 per cent led by 5 to 7 per cent fall in shares of tech giants Apple, Amazon, Tesla, Microsoft and AMD, among others.

Publication: Deccan Chronicle

Electronic chip company Mediatek expects the supply of chipsets to ease by the end of this year as the capacities to manufacture semiconductors are being built across the world, a senior company official said on Thursday. Mediatek India Managing Director Anku Jain told PTI that it does not have a semiconductor plant of its own and would like to collaborate with chips makers and other vendors that have proposed to set up their facilities in India.

Publication: Economic Times

Ashok Leyland, the commercial vehicle major and the flagship of the Hinduja Group, expects the sector to return to growth. Dheeraj Hinduja, executive chairman of Ashok Leyland, said the semiconductor crisis will ease in six months’ time and commodity prices will ease.

Publication: Business Standard