The company’s data centers are currently located in Singapore. “We don’t have a stated plan yet but we may look at opening an Indian data centre to be closer to customers in India. Some customers prefer local presence,” said Nikhil Arora, managing director, GoDaddy India.
The central bank said this in a response to a petition filed by the Internet and Mobile Association of India (IAMAI), which wanted it to reconsider a 2018 circular directing regulated entities not to deal in cryptocurrencies. RBI said it had not banned crypto but only ringfenced regulated entities like banks from risks associated.
The Bengaluru-based engineering services provider forecast better performance in the year ahead and for the fiscal year 2021, after reporting flat growth in the third quarter.
Obviously, people react to what it is but anticipating something that is going to happen in an election and being sensitive to that is not the typical US culture, says Gopinath.
In 2019, the firm noticed that criminals were carrying out targeted attacks on financial institutions like banks. This is set to increase in 2020, it said. It expects an increase in the activity of groups specializing in the sale of network access (to financial institutions) in the African and Asian regions, as well as in Eastern Europe.
Cloud computing and virtualization software company, VMWare had made a $2 billion investment in its Indian arm in 2018, which employs close to 6000 people. On the recent consultation paper on cloud services introduced by the Telecom Regulatory Authority of India, it was proposed that cloud-focussed companies would become members of a cloud industry body.
Legal experts close to the matter said TCS might have decided to postpone the board meeting because it wasn’t expecting to get any hearing before January 9, when it is scheduled to consider thirdquarter results.
"...the company, based on a legal opinion, has on January 3, 2020 filed an appeal in the Hon'ble Supreme Court of India (i) to set aside the said Judgement qua the company and (ii) in the interim stay on operation of the said judgement to the extent it relates to the company," it added.
Group to file an appeal on January 2 although a hearing is possible only when SC opens on January 6.
“The (Indian) regulatory ecosystem is...not (focusing) on decentralised systems like smart contracts, so innovation will not happen at the same pace as in those countries who do allow for experimentation in such aspects of the technology,” said Nitin Sharma, founder of Incrypt Blockchain.
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