Tag: Google

The Reserve Bank of India ("RBI") has reportedly been planning to initiate the establishment of a Digital India Trust Agency ("Agency"), in order to curb financial frauds and cybercrimes which have been uprising in the digital lending space. This Agency is intended to be involved in creating a systematic procedure of verifying legitimate digital lending application and resolving the concerns surrounding unauthorised digital lending apps. ......

False or incomplete disclosures can be costly - this follows from a recent decision of the Delhi High Court, where the global technology giant Google had to not just forgo its patent application for not meeting conditions of patentability, but also pay a fine for not providing complete and correct information of corresponding foreign filings in connection with the application. ......

Patents help innovators shield their ideas from being copied by competitors. Having a patent separates you from the crowd and puts you one step ahead of others. But patents are not just about standing out in a crowd. They help beat competitors, earn royalty through licensing, bring others to trial, earn returns, create a defensive mechanism, and much more. There is a whole world of benefits that patents open up. ......

Can it be a good strategy for companies building new-age technologies? The world right now appears to be split between two groups of people having different set of ideologies when it comes to the future of innovation and proprietorship of technology. The first kind are the open-source evangelists and the second, the pro-patent capitalists. ......

If the 21st century has been defined by the information age, data then is the new global currency. Clive Humbly, who built Clubcard, the world’s first supermarket loyalty scheme a decade ago, used the metaphor ‘Data is the new Oil’, to explain how data is worthless, when left ‘unrefined’. Much like diamonds, only once it is mined and analysed does it create either extraordinary value, or can be manipulated into a dangerous tool. ......