Twitter loses immunity over user's content in India: A high court in India has ruled that Twitter, unwilling to follow the country's new IT law passed at the end of May, 2021, has lost immunity over user-generated content, suggesting that the social media platform will have to take legal responsibility for its user's speech in India.
Thirty-seven firms apply for telecom incentive plan: A total of 37 operators including Nokia, Cisco, Flextronics, Hon Hai, and Jabil have applied for India's Production Linked Incentive, which encourages investment and production of routers and wireless access devices and establishment of their own supply chains, but only 20 firms will be selected. The plan aims to reduce India's trade deficit.
Local video-sharing startups benefit from TikTok ban: India banned several Chinese apps including TikTok one year ago, leaving a huge market gap. In the year since the ban was announced at the end of last June, local video apps such as MaxTakaTak, Moj, and Josh have seen a surge in download of over 600 million times, and local video-sharing startups have raised nearly US$1 billion during the same period, according to Sensor Tower.
Government official pitches Indo-Pacific service trade zone: India's minister of Commerce & Industry Piyush Goyal has suggested India sign service trade agreement with countries in the Indo-Pacific region to remove non-tariff barriers to service trade and to unlock the market potential of e-commerce, IT-enabled services and AI.
Tata projects huge sales drop due to lack of chips: Tata Motors has warned that shortage of chips could hit hard the global sales of its Jaguar Land Rover, with a 50% drop in projected shipments in the third quarter this year. Meanwhile, a worldwide shortage of chips could extend into 2022.