Daniels says the company had already held discussions with Indian law enforcement officials this summer on ways to source the limited information that WhatsApp collects for solving and preventing crimes.

US-based card companies asking for a 1-year extension of data localisation norms include card payments firms like Visa, Mastercard and American Express.

RBI is unwilling to budge, but the pressure has been building up. Apart from the US companies already lobbying for a deadline extension, the co-chairs of the US Senate India Caucus wrote to Prime Minister Narendra Modi on Friday requesting a relaxation in the norms.

The RBI had made it clear that global payment companies will have to store transaction data of Indian customers within India. The US government is backing its tech giants on the issue.

The Reserve Bank of India (RBI), in a circular in April, said all system providers will have to ensure that the entire data relating to payment systems operated by them are stored in a system only in India.

Buffett's interest in Paytm raised eyebrows not only because it was one of his rare investments in the tech space but also because it was his first investment in a private tech firm, and an Indian one to boot.

SC sends three directors of Amrapali group to policecustodyThe Supreme Court on Tuesday sent three directors of theAmrapali group to police custody admonishing them for playing \"hide andseek\" with the court and ordered they hand over all the documents of theembattled real estate major's 46 group companies to forensic auditors.It ordered that the three directors-- Anil Kumar Sharma,Shiv Priya and Ajay Kumar-- will remain in police custody till they hand overall the docume...

With the clock ticking down to the RBI's deadline for compliance with its data localisation norms, mobile messaging platform WhatsApp today announced that it has built a system that stores payments-related data in India.

One97 Communications, Paytm's parent, has approved the investment of $300 million from Warren Buffett's company Berkshire Hathaway.

WhatsApp has said Lahiri will be based in the US, and people can also contact her via WhatsApp or post at the company's Menlo Park address in California.  The company says nothing on 'tracing' of the origins of incendiary messages.

Recognising the weaknesses of password-based systems, companies the world over are increasingly betting on biometric security.