Newsletter | Trump, Biden set for a re-match; Google, ECI partner to provide critical voting info & more

The former president on Tuesday night crossed the threshold for the number of delegates needed to become the GOP nominee, the Associated Press reported. That allows Trump free rein to consolidate the Republican Party’s political operation and fully turn his attention toward a rematch with President Joe Biden.

Sterling and Wilson Renewable Energy (SWRE) said that the company is unaware of any negotiations about a stake sale by Shapoorji Pallonji & Company (SPCPL), the holding firm of the billionaire Pallonji family.

Issuing a clarification on the stake sale report, Sterling and Wilson said, "There is no information in possession of the company in connection to the captioned news article, which has not been announced or intimated to the stock exchanges that could explain the movement in the trading."

#TechTalks📱

In a bid to fortify India's cybersecurity infrastructure and address the escalating threat landscape, tech giant Cisco has inked a Memorandum of Understanding (MoU) with the Karnataka Innovation Technology Society (KITS) and the Department of Electronics, IT, Bt, Government of Karnataka. The collaboration aims to impart crucial cybersecurity skills and awareness to 40,000 individuals, with a notable emphasis on gender inclusivity.

The initiative comes at a critical juncture as organisations brace themselves against the looming spectre of cyber threats. According to Cisco's Cybersecurity Readiness Index, 90% of Indian businesses anticipate disruptions due to cybersecurity incidents within the next 12-24 months.

Google has announced its collaboration with the Election Commission of India (ECI) to disseminate critical voting information through Google Search and YouTube. The tech major's collaboration with the ECI comes as the country gears up for its General Election, slated to take place in the coming months.

The collaboration will ensure that voters can easily access information on voter registration and the voting process in both English and Hindi.

The US House of Representatives plans to vote on a bill on Wednesday that would give TikTok's Chinese owner ByteDance about six months to divest the short-video app used by about 170 million Americans or face a ban.

The vote is expected around 10 am under fast-track rules that require support by two-thirds of House members for the measure to pass.

The vote comes just over a week since the bill was proposed and after one public hearing with little debate. The House Energy and Commerce Committee last week voted 50-0 in favor of the bill, setting it up for a vote before the full House.

#ExpertEdge💡

In recent months, there have been discussions about the concept of ‘intermediaries and safe harbour’ protection in India and an intermediaries ability to claim safe harbour in the context of deepfakes. It is undeniable that the Information Technology Act needs to be augmented with a modern and up-to-date tech legislation.

The ‘Digital India Act’ which is purposed to meet the challenges of the present-day digital ecosystem in India seems to be the solution. This process of updating the law involves intrinsically reconfiguring safe harbour principles, which perceivably continue to be the default option for all intermediaries

under the present law.

Four years and three months after Parliament passed the Citizenship Amendment Act, PM Narendra Modi government's decision to notify its Rules allowing grant of citizenship to six sections of people from Afghanistan, Bangladesh and Pakistan brought back the issue on the front burner.

The basic touchstone is that six communities – Hindus, Sikhs, Buddhists, Jains, Parsis and Christians – who faced persecution in these countries of residence and sought shelter in India can be rehabilitated and granted citizenship. The cut-off date is the end of 2014 and the aim is that these people can now aspire to lead a life with dignity and protect cultural, linguistic and social identity.

#DailyData📈

In its fourth edition, the Excellence Enablers' Survey on Corporate Governance sheds light on the evolving landscape of gender representation within corporate leadership.

While strides have been made, the report underscores persistent challenges and the need for concerted efforts to ensure equitable opportunities for women across all levels of the corporate hierarchy.

#PersonalFinance💰

Mutual Funds will conduct stress tests on mid and smallcap funds to evaluate liquidity and risk parameters in the event of sudden, heavy liquidation requests. This exercise will be undertaken across all asset managers.

Results will have to be made public in a standard format on March 15.

HDFC Mutual Fund, India's third largest fund house in the mutual fund industry with assets of ₹6.08 lakh crore as on January 31, 2024, has introduced HDFC NIFTY Realty Index Fund. Launched as an open-ended scheme, the subscription window for the new fund offer (NFO) is available until March 21, 2024.

This fund aims to provide investors with an avenue for capitalising on the real estate market in India. The minimum subscription amount allowed for investment in this is ₹100.

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