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.
The company said it would grant more time for employees in the first year of parenthood by allowing more flexibility in its ‘Work from home’ policy. As part of the new policy, same-sex couples will also be able to take 12 weeks paid adoption leave, it said. Bereavement leave of three days will also be granted to same-sex partners, the company added.
Clarity on technical challenges of localisation, stipulated in the Data Protection Bill,is still missing.
Actor Amitabh Bachchan also participated in the round. Eduisfun will use the capital to increase its scholarship pool and for technological updates on its app.
In a chat with ET the chief executive said that while China continues to be the key market for the company, it is relying on a diversification strategy by focusing aggressively on growth of other non-captive units including India.
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