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Search resuls for: "Rajeev Chandrasekhar"


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India tech minister plans to meet startups on SVB fallout
  + stars: | 2023-03-12 | by ( ) www.reuters.com   time to read: +3 min
"Start-ups are an important part of the new India economy. I will meet with Indian Startups this week to understand impact on them and how the government can help during the crisis," Rajeev Chandrasekhar, the state minister for IT said on Twitter. "Spoke to some founders and it is very bad," Ashish Dave, CEO of Mirae Asset Venture Investments (India), wrote in a tweet. "Especially for Indian founders ... who setup their U.S. companies and raised their initial round, SVB is default bank. Software firm Freshworks (FRSH.O) said it has minimal exposure to the SVB situation relative to the company's overall balance sheet.
India tech minister says to meet startups on SVB fallout
  + stars: | 2023-03-12 | by ( ) www.reuters.com   time to read: +2 min
MUMBAI, March 12 (Reuters) - India's state minister for technology said on Sunday he will meet start-ups this week to asses the impact on them of Silicon Valley Bank's (SIVB.O) collapse, as concerns rise about the fallout for the Indian start-up sector. "Start-ups are an important part of the new India economy. I will meet with Indian Startups this week to understand impact on them and how the government can help during the crisis," Rajeev Chandrasekhar, the state minister for IT said on Twitter. "Spoke to some founders and it is very bad," Ashish Dave, CEO of Mirae Asset Venture Investments (India), wrote in a tweet. "Especially for Indian founders ... who setup their U.S. companies and raised their initial round, SVB is default bank.
No issue with crypto in India if laws are followed - minister
  + stars: | 2023-01-19 | by ( ) www.reuters.com   time to read: +1 min
NEW DELHI, Jan 19 (Reuters) - India's junior IT minister on Thursday said there was no issue with cryptocurrencies in India if all laws are followed, in remarks that contradicted the central bank's view advising investors to stay away from crypto. India has been trying to come up with regulation for cryptocurrencies, with a central bank deputy governor even calling for them to be banned, but the government has not been able to formulate legislation yet. In Febraury, a deputy governor of the Reserve Bank of India (RBI), T. Rabi Sankar, said cryptocurrencies were akin to Ponzi schemes or worse and banning them was the most sensible option for India. RBI Governor Shaktikanta Das also said in February that cryptocurrencies lacked the underlying value of even a tulip. Reporting by Shivam Patel in New Delhi; editing by Jason Neely and Emelia Sithole-MatariseOur Standards: The Thomson Reuters Trust Principles.
NEW DELHI, Oct 29 (Reuters) - India continues to favour a self-regulatory body for social media content disputes, a federal minister told Reuters, despite a lack of consensus among Big Tech companies to form a joint appeals panel. Decisions about social media content have been a particularly thorny issue in India. During a press briefing on Saturday, Chandrasekhar said the current system of in-house grievance redressal at tech companies was "broken". The government panel "is a signal to them (social media firms) that they need to up their game," Chandrasekhar told Reuters. Reporting by Munsif Vengattil and Aditya Kalra in New Delhi; editing by Clelia OzielOur Standards: The Thomson Reuters Trust Principles.
NEW DELHI, Oct 28 (Reuters) - Elon Musk's takeover of Twitter will not change India's expectation that it will comply with the country's rules for such companies, a government minister told Reuters on Friday, adding that India's new IT rules would be out in days. Twitter in July asked an Indian court to overturn some government orders to remove content from the platform. "Our rules and laws for intermediaries remain the same regardless of who owns the platforms," said Rajeev Chandrasekhar, India’s minister of state for electronics and information technology. "So, the expectation of compliance with Indian laws and rules remains." Ranaut, an ardent supporter of Indian Prime Minister Narendra Modi, also shared requests from users who appealed to Musk to restore her Twitter account.
What people are saying about Elon Musk's purchase of Twitter
  + stars: | 2022-10-28 | by ( ) www.reuters.com   time to read: +2 min
Oct 28 (Reuters) - U.S. billionaire Elon Musk became Twitter Inc's (TWTR.N) owner on Thursday, firing top executives and providing little clarity over how he will achieve the lofty ambitions he has outlined for the influential social media platform. BIZ STONE, CO-FOUNDER, TWITTER:"Thank you to @paraga, @vijaya and @nedsegal for the collective contribution to Twitter. Massive talents, all, and beautiful humans each!," Stone said in a Tweet, referring to sacked Twitter executives Parag Agrawal, Vijaya Gadde and Ned Segal. CHANGPENG ZHAO, FOUNDER, CEO, BINANCE, CO-INVESTOR IN MUSK'S TWITTER DEAL"We're excited to be able to help Elon realize a new vision for Twitter. We aim to play a role in bringing social media and Web3 together in order to broaden the use and adoption of crypto and blockchain technology."
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