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Total 81 results found. Search for [ data localisation ]

Results 1 to 21 of 81
BusinessToday.In
New Delhi, September 21, 2018
The critical payments data collected by them (foreign payments companies) is being processed and stored outside of India, which can have severe security implications in case of a data breach, Paytm writes to the NCPI.


BusinessToday.In
New Delhi, September 20, 2018
Alibaba is the first foreign company to openly claim it's ready to accept the data localisation rules, while other prominent giants like Amazon, Microsoft, American Express, Google and Facebook have shown reluctance.


BusinessToday.In
New Delhi, September 13, 2018
Vouching for a level-playing field, PhonePe said all payments companies doing business in India must abide by the law of the land and protect our citizen's financial data and pay fair taxes on income earned in India.


BusinessToday.In
September 11, 2018
As global tech giants slug it out to take a bigger piece of India's booming digital payments pie, Facebook-owned messaging service is reportedly scouting for talent to lead its payments team.


BusinessToday.In
New Delhi, September 10, 2018
Pichai also said that Google's team in India will be in touch with Prasad's office to follow up on some of the specific topics that were discussed during their meeting.


Mail Today Bureau
New Delhi, September 10, 2018
The policy faced backlash over its suggestions dealing with data localisation, curbing deep discounting which has been the mainstay of online retailers and Foreign Direct Investment (FDI) norms


BusinessToday.in
New Delhi, September 6, 2018
This development comes at a time when WhatApp Payments and Amazon's plans to launch its own UPI payment service in the country have run into regulatory trouble.


BusinessToday.in
New Delhi, September 6, 2018
The 170,000 sq mt facility in Singapore is expected to be operational in 2022.


Joe C Mathew
New Delhi, September 3, 2018
The Trump administration believes that there are a lot of US food and agricultural exports that are facing unfair trade barriers. It wants the Indian market to be reopened to US poultry and be opened for pork.


BusinessToday.In
August 28, 2018
Digital payments in India is now poised for a great leap forward as global tech giants slug it out for a bigger slice of the pie.


BusinessToday.in
New Delhi, August 20, 2018
Home ministry has directed that ATMs will not be replenished with cash after 9 pm in cities and post 6 pm in rural areas from February 8, next year; an RBI study has concluded that MSMEs had been worst hit by DeMo as well as the hurried GST rollout; and US tech firms such as Facebook, Google, Microsoft, Amazon, and Twitter, besides foreign telcos and IT firms plan to redouble their efforts to lobby against India's data localisation norms. BusinessToday.In Editor Rajeev Dubey explains this and more on The Good, The Bad and The Ugly.


Reuters
August 18, 2018
Technology executives and trade groups have discussed approaching Prime Minister Narendra Modi's office to appraise him of their worries. Separately, the industry is considering pitching the issue as a trade concern, including at the India-US talks in September in New Delhi.


BusinessToday.In
New Delhi, August 6, 2018
PM Modi to inaugurate India Post Payments Bank on August 21; govt panel wants localisation of cloud storage data in possible blow to big tech firms; Wipro to move workforce to a new 50-acre campus; and Indian Oil to invest Rs 1.75 lakh cr for expansion, says Chairman Sanjiv Singh. Watch more in this episode of business wrap.


BusinessToday.in
New Delhi, August 6, 2018
Bank credit has grown by 12.44 per cent to Rs 86.13 lakh crore, services sector saw a growth of 23 per cent against just 4.7 per cent in the previous month; the draft Personal Data Protection Bill has left the crucial issue of data localisation rather open-ended; and it was revealed in the parliament that central and state governments were unable to fill 24 lakh vacancies including in the railways, and army. BusinessToday.In Editor Rajeev Dubey explains this and more on The Good, The Bad and The Ugly.


BusinessToday.in
New Delhi, August 6, 2018
Banks collect Rs 5,000 cr as minimum balance penalty in FY 2017-18As many as 21 public sector banks (PSBs) and three major private sector lenders have collected a whopping Rs 5,000 crore from customers for non-maintenance of minimum balance in their accounts in 2017-18. Among the PSBs, the State Bank of India emerged the highest earner with Rs 2433 crore penalty - nearly half of the total collection.PM Modi to inaugurate India Post Payments Bank on August 21Prime Minister Narendra...


Reuters
August 6, 2018
A decision by the RBI in April that all payments data should, within six months, be stored only in the country for \"unfettered supervisory access\" has led to furious lobbying by global firms that worry it would cost them millions of dollars.


Reuters
August 5, 2018
The policy will be the latest in a series of proposals that seek to spur data localisation in India, as the government finalises an overarching data protection law.


Reuters
July 31, 2018
The RBI in April had said that payments firms such as Mastercard and Visa should within six months store data only in the country for \"unfettered supervisory access\". But US firms protested and the Finance Ministry has recommended relaxing the directive.


BusinessToday.In
New Delhi, July 27, 2018
Regrading WhatsApp Payments, Facebook's co-founder and CEO Mark Zuckerberg remains bullish on India - it is, after all, the largest market for WhatsApp, accounting for over 200 million of its total 1.3 billion user base.


BusinessToday.In
New Delhi, July 24, 2018
The moment data leaves the country, it falls under various jurisdictions, which in many cases, are beyond our control. It is important to keep all the data here so that the laws of the land can be made applicable to them, says Paytm COO Kiran Vasireddy.


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