India’s new drone regulations distilled

The central government has issued the Drone Rules 2021, which establish a far more permissive framework for unmanned aircraft systems than existed previously. Several procedures and permissions have been eliminated under the revised guidelines, a version of which was issued in July, and this is intended to simplify drone operations for civilian drone operators. “The new Drone Rules usher in a landmark moment for this sector in India. The rules are based on the premise of trust and self-certification. Approvals, compliance requirements and entry barriers have been significantly reduced,” Prime…

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Apple to ease payment limits on apple store

Apple has agreed to ease payment limits on its App Store, a significant shift revealed in a deal with small developers as the US technology behemoth suffers increased scrutiny and legal challenges over its tightly regulated online marketplace. The move would enable small developers to inform their consumers about payment methods other than the official App Store. In a class-action complaint, the developers accused Apple of monopolistic distribution methods by acting as the exclusive portal for getting applications or other content onto iPhones and other iOS-powered devices. “The agreement clarifies…

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T-Mobile apologizes for the data breach

T-Mobile claims to have contacted virtually all of the millions of customers whose personal information was taken and to be “sincerely apologetic” for the incident. T-Mobile CEO Mike Sievert said in a written statement Friday that the company spends lots of effort to try to stay ahead of criminal hackers “but we didn’t live up to the expectations we have for ourselves to protect our customers. Knowing that we failed to prevent this exposure is one of the hardest parts of this event.” The company said earlier this month that…

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Popular electric vehicle maker Rivian announces IPO

Rivian Automotive, an Amazon-backed maker of electric trucks and utility vehicles, filed for a stock market listing on Friday as it prepared to ramp up manufacturing and deliveries. The California-based company said that it has filed for an initial public offering (IPO) on a confidential basis, in accordance with a provision that allows it to keep its financial data private. The offering’s size and pricing range were not disclosed. Rivian has garnered more than $10 billion in investment since its inception in 2009, notably from Amazon, which has committed to…

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