China's first white paper on cyber security justifies curbs on social media, says it will thwart 'external interference'

March 3, 2017

Beijing, Mar 3: Justifying its curbs on Facebook, Twitter and Youtube, China on Thursday said such controls were needed to prevent "external interference".

socialmedia"Safeguarding China's sovereignty, security and development interests in cyberspace has become an important strategic goal," China's first white paper on cyber security released here said.

Titled "International Strategy of Cooperation on Cyberspace", the white paper highlighted how several countries including China and Russia pushed for a "sovereign" and nationally-administered and controlled internet to avoid external interference.

While it said China "supports a free and open Internet", senior Chinese officials who released the paper to the media put up a strong defence to Beijing's internet controls by blocking global social media websites like Facebook, Twitter and Youtube with Great firewalls, saying that it is keeping in line with protecting China's national interests.

Releasing the white paper, Wang Jianchao, International Cooperation Department of the Cyberspace Administration of China said, "the Chinese Internet is fully open".

"As long as they comply with Chinese laws and regulations, refrain from undermining China's national interests and interests of Chinese consumers, all Internet companies are welcome in China," Wang said.

Long Zhou, Coordinator, Cyber affairs division of the Foreign Ministry said, China was "deeply worried that around the world cyber attacks are increasing".

China, which has only state-controlled media, is trying to grapple with spread of social media like Weibo, a Chinese version of twitter which has hundreds of millions of users.

Weibo itself has over 313 million users. The ruling Communist Party of China (CPC) worries that it could be effectively used to subvert its over six decades of rule.

China's concept of cyber sovereignty will be discussed in the BRICS, (Brazil, Russia, India, China, South Africa) to be held in Xiamen in September this year, officials said.

It will be discussed in the cyber security working group of the bloc, they said.

"As BRICS host this year, China stands ready to work together with Russia and other BRICS partners," Long said.

On the allegations of Russian interference in the US election, Long said, "especially in recent years, the number of cyber security events throughout the world increasing, posing challenges to all countries' efforts to maintain political, economic stability and protecting all citizens' rights and interests".

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Agencies
July 19,2020

New Delhi, Jul 19: Three of the 10 most valued companies added a total of Rs 98,622.89 crore to their market valuation last week, led by stellar gains in IT major Infosys.

Seven companies from the coveted list witnessed a decline in their market valuation last week, but their cumulative loss of Rs 37,701.1 crore was less than the total gain made by three firms -- Reliance Industries Limited, Hindustan Unilever Limited and Infosys.

The market capitalisation of Infosys zoomed Rs 52,046.87 crore to Rs 3,85,027.58 crore. Shares of Infosys had rallied over 9 per cent on Thursday after the company posted a stronger-than-expected 12.4 per cent rise in the first quarter consolidated net profit.

Hindustan Unilever Limited added Rs 25,751.07 crore in its market valuation which stood at Rs 5,48,232.26 crore at close on Friday. Reliance Industries' m-cap jumped Rs 20,824.95 crore to Rs 12,11,682.08 crore.

In contrast, HDFC's valuation plunged Rs 13,920.21 crore to Rs 3,13,269.70 crore and that of Tata Consultancy Services (TCS) declined Rs 7,617.34 crore to Rs 8,26,031.21 crore.

The valuation of ICICI Bank tumbled Rs 4,205.71 crore to Rs 2,29,156.24 crore and that of Kotak Mahindra Bank by Rs 4,175.28 crore to Rs 2,62,864.37 crore.

Bharti Airtel's m-cap dipped Rs 4,009.83 crore to Rs 3,09,521.05 crore and HDFC Bank's by Rs 3,403.97 crore to Rs 6,03,463.97 crore.

The valuation of ITC declined by Rs 368.76 crore to Rs 2,38,469.29 crore.

In the ranking of top-10 firms, RIL was at the number one rank followed by TCS, HDFC Bank, HUL, Infosys, HDFC, Bharti Airtel, Kotak Mahindra Bank, ITC and ICICI Bank.

During the last week, the 30-share BSE index advanced 425.81 points or 1.16 per cent.

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Agencies
June 12,2020

Mumbai, Jun 12: Following an overwhelming response for the mega rights issue of Mukesh Ambani-owned Reliance Industries, the partly paid-up rights shares are set to debut on stock exchanges on June 15.

The biggest ever Rs 53,124 crore rights issue was subscribed 1.59 times and received bids worth Rs 84,000 crore on June 3.

Reliance said the rights issue saw a huge investor interest, including from lakhs of small investors and thousands of institutional investors, both Indian and foreign.

In 2019, Ambani said in the Reliance's annual general meeting that the company will be net zero debt by March 2021. The company is on course to achieve its target ahead of the deadline.

"In spite of the COVID-19 crisis and the lockdowns, the due-diligence by Saudi Aramco for the planned investment in the O2C business is on track as both the parties are committed and actively engaged," he said recently.

"With a strong visibility to these equity infusions, Reliance is set to achieve net zero debt status ahead of its own aggressive timeline. We believe rights issue was a part of the company's strategy of deleveraging its balance sheet," said Ambani. 

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Agencies
March 3,2020

Facebook on Monday launched a new consumer marketing campaign in India titled 'More Together'. India is the first country in the Asia Pacific region where such a campaign is being rolled out.

It is also the first time that Facebook is rolling out a 'high decibel campaign of this stature in India', the company said in a statement.

It is also the first time that Facebook is rolling out a 'high decibel campaign of this stature in India', the company said in a statement.

"India is at the heart of Facebook and one of our focus areas this year is to tell the exciting story of a service that is deeply embedded in the fabric of India," said Ajit Mohan, Vice President and Managing Director, Facebook India.

The campaign would have multiple campaigns over the next few weeks in eight languages and the one will be set in the context of Holi.

Facebook in 2019 introduced a new company logo to further distinguish the company from the Facebook app.

The company recently announced the appointment of Avinash Pant as the Marketing Director for India operations, to drive the consumer marketing efforts across the family of apps.

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