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Big Tech Alliance Seeks 12-18 Month Extension To Adhere To India’s DPDP Act

The Asia Internet Coalition, a group with members like Meta, Google, Amazon, and other US tech companies, has asked for a time of up to 12-18 months to put into action different provisions of the Digital Personal Data Protection Act.

In a letter to Union and state electronics and information technology minister Ashwini Vaishnaw and Rajeev Chandrasekhar, the industry association explained that putting the DPDP Act’s rules into action will demand structural alterations in organisations and businesses, as per reports. They anticipate encountering various difficulties during these changes.

Big tech companies, in order to adhere to provisions like securing consent from Indian users for personal data processing and crafting a consent management READ framework, would need to make structural alterations to their organisations and operations, as per the industry group’s letter.

AIC stated that this process will be quite new for both local and global businesses, as other data laws like GDPR lack similar provisions. Consequently, businesses will need to make fundamental alterations to their platform’s technology architecture.

“Consent notices would be required to be stored in an accessible manner for Data Fiduciaries to modify or erase Data Principal’s personal data,” the group said.

AIC pointed out that certain sections of the DPDP Act introduce a new idea called “Consent Managers.” The group emphasised that this model hasn’t been tried and tested under Indian law.

Creating, testing, and eventually implementing the Consent Manager framework within the ecosystem would be necessary. Additionally, integration with the Data Fiduciary’s consent structure would also be required.

Last month, MoS Chandrasekhar said that some government entities like those at the panchayat level, micro, small, and medium enterprises (MSMEs), and early stage startups may be granted exemption and will not come under the purview of the DPDP Act immediately.

The ministry may also come up with necessary rules under the Act within this period, he added. While all rules under the data protection code will not be immediately notified, essential ones will be prioritised for initial implementation.

The DPDP Act became law after being passed in the Lok Sabha on August 7 and in the Rajya Sabha two days later. President Droupadi Murmu gave her consent to the Bill on August 11.

The DPDP Bill directs setting up a Data Protection Board of India to ensure its implementation. In case of any personal data breach, the board will be responsible for looking into the matter, inquiring into the breach, and imposing penalties.

It was reported last month that the Data Protection Board, to be set up under the new Digital Personal Data Protection (DPDP) Act, 2023, would be in place within 30 days. However, there is no update yet on the formation of the board.

The law also applies to data processing activities outside India if they relate to offering goods or services to residents in India. It defines key terms, including ‘personal data’ and ‘processing.’ Under the DPDP Act, ‘personal data’ refers to any information that could identify an individual, either directly or in relation to the data.

The post Big Tech Alliance Seeks 12-18 Month Extension To Adhere To India’s DPDP Act appeared first on Inc42 Media.

by Sameera

Binance Responds to User Complaints Global crypto exchange Binance has announced that it will increase compensation for customers who were liquidated during the recent crypto market selloff. The move follows widespread criticism after thousands of traders suffered sudden losses due to extreme volatility earlier this month. According to internal reports, Binance will refund part of the unrealized losses to affected users through its User Protection Fund, which currently holds over $1.2 billion in reserves. The compensation applies mainly to futures traders whose positions were automatically liquidated during rapid price swings in Bitcoin and other major tokens. Bitcoin’s Price Plunge Sparks Liquidations The crypto market experienced one of its sharpest downturns in 2025, with Bitcoin (BTC) falling below $50,000 for the first time in eight months. This triggered billions in forced liquidations across major exchanges, including Binance, OKX, and Bybit. Analysts suggest that a combination of high leverage, macroeconomic uncertainty, and institutional selloffs contributed to the crash. Binance faced particular backlash for what users described as “slippage and server delays” during the event. Binance Enhances Transparency In response, Binance’s management pledged to improve system transparency and risk management mechanisms. The exchange stated it is reviewing its liquidation protocols to ensure fairer treatment of users during periods of extreme volatility. A spokesperson confirmed that Binance would also begin publishing weekly protection fund audits to reassure investors. Why It Matters for Investors Looking to Buy Bitcoin The compensation announcement comes at a crucial time for retail traders considering whether to buy Bitcoin on Binance amid renewed volatility. Analysts note that Binance’s proactive stance could restore confidence among users after months of regulatory scrutiny and market turbulence. Crypto strategist Michael Wu from Amber Group commented, “This move reinforces Binance’s commitment to customer protection. It may also attract new users who are hesitant to trade during volatile periods.” Still, experts warn that volatility remains high, and investors should exercise caution before re-entering the market. The Bigger Picture The event underscores the need for stronger investor safeguards as the crypto industry matures. Binance’s decision to compensate affected users sets a potential precedent for other exchanges facing similar backlash. Meanwhile, Bitcoin prices have started to stabilize around $52,300, with cautious optimism returning to the market. Stay ahead with the latest in crypto, startups, and financial technology on StartupNews.FYI — your source for real-time business insights and innovation updates.

by Sameera

Leadership Change at Indonesia’s Flag Carrier Indonesia’s state-owned airline Garuda Indonesia has appointed Glenny Kairupan as its new Chief Executive Officer, according to a government official cited by Reuters. The decision marks another major leadership shift for the national carrier as it continues efforts to stabilize finances and restore operational efficiency after years of restructuring. While the official announcement did not specify the reason for Kairupan’s appointment, it comes at a critical time for Garuda Indonesia, which has been navigating challenges including post-pandemic recovery, debt management, and fleet modernization. A Strategic Appointment Glenny Kairupan, an experienced aviation executive, steps into the role previously held by Irfan Setiaputra, who led the company through one of its most turbulent periods. Under Setiaputra’s leadership, Garuda Indonesia completed a complex court-led debt restructuring worth more than $9 billion, reducing the airline’s liabilities and securing new lease terms for its fleet. Kairupan is expected to continue implementing efficiency strategies while expanding Garuda’s international partnerships and improving profitability. His appointment aligns with the government’s long-term plan to enhance state enterprise governance and ensure transparency across Indonesia’s aviation sector. Challenges Ahead Despite a return to profitability earlier in 2025, Garuda Indonesia still faces significant operational hurdles. Rising fuel prices, global aviation competition, and the need for sustainable modernization remain key issues for the new CEO. The airline is also working on expanding domestic connectivity to boost tourism and regional economic development, a strategic priority under Indonesia’s national infrastructure plan. Industry analysts believe Kairupan’s leadership will be instrumental in balancing financial discipline with growth ambitions. His experience in corporate restructuring and aviation management is seen as critical to guiding Garuda through the next phase of transformation. Government Support and Public Expectations Garuda Indonesia holds symbolic importance as the nation’s flag carrier. The Ministry of State-Owned Enterprises has reiterated its commitment to supporting the airline’s stability while ensuring it remains competitive in the Southeast Asian aviation market. Kairupan’s appointment is viewed as part of a broader strategy to professionalize state-owned enterprise leadership and rebuild public confidence. Outlook With Glenny Kairupan now at the helm, the airline’s immediate focus will likely be on improving operational reliability, expanding profitable routes, and investing in digital transformation to enhance customer experience. As Indonesia’s aviation industry continues to recover, Garuda Indonesia’s success under new leadership will serve as a key indicator of how effectively the country can balance government oversight with corporate agility in a post-pandemic world. For the latest updates on aviation, business, and global leadership trends, visit StartupNews.fyi for comprehensive coverage and analysis.

by Sameera

Company to Cut Jobs Amid Strategic Consolidation Under “Servus Media” Red Bull, the Austrian beverage giant known globally for its energy drinks and sports ventures, has announced a significant restructuring of its media division, including job cuts at Servus TV and other Red Bull Media House operations. The decision, first reported by ORF Salzburg and Der Standard, marks a pivotal shift in Red Bull’s media strategy as the company aims to streamline operations under a unified brand. Red Bull Media Division Undergoes Major Reorganization According to official sources, Red Bull employs roughly 600 people across its various media activities — including Servus TV in Wals-Siezenheim (Flachgau) and the Red Bull Media House headquarters in Vienna. The company now plans to consolidate its media businesses under a new umbrella brand called “Servus Media”, leading to the elimination of about 60 positions. The restructuring aims to bring together the company’s television, digital, and publishing arms to improve efficiency and focus resources on the most profitable channels. “The goal is to create a more integrated and agile media organization,” a company spokesperson told local outlets. Leadership Overhaul and Strategic Refocus The reorganized Red Bull media unit will be managed by Dietmar Otti, alongside executives Matthias Bruegelmann, Marlene Beran, and Stefan Ebner. The new leadership team is expected to oversee the realignment of editorial direction, digital transformation efforts, and international partnerships. Servus TV, long known for its regional programming and documentaries, will continue broadcasting under the new structure. However, insiders suggest that the channel’s content strategy may shift toward more cost-effective formats, including digital-first productions. Layoffs Signal a Broader Trend in European Media The job cuts at Servus TV and Red Bull Media House come amid a wave of media industry restructurings across Europe, as companies grapple with declining ad revenues, rising production costs, and the growing dominance of streaming platforms. For Red Bull, the restructuring represents a broader shift from traditional broadcasting to digital storytelling, leveraging the brand’s massive global reach in sports, lifestyle, and entertainment. “This isn’t just about cost-cutting — it’s about repositioning for the future,” said media analyst Thomas Heigl. “Red Bull is refocusing on content that aligns more closely with its global sports and brand marketing ecosystem.” Servus TV’s Future Servus TV has been a cornerstone of Red Bull’s Austrian media presence since its launch in 2009, known for its cultural programs, documentaries, and coverage of Red Bull-sponsored events. However, as the company consolidates under Servus Media, it is expected to scale back certain local productions to reduce overlap and operational costs. While the network’s editorial independence and regional focus will likely remain, Red Bull’s new direction suggests a leaner, more digitally integrated future for the brand. Industry and Employee Reaction Reports indicate that notifications of the planned layoffs have already reached Austria’s public employment service (AMS). However, the company has not yet disclosed the exact distribution of job cuts across departments. Employee representatives have expressed concern over the reduction, urging management to ensure fair severance terms and internal …