data servers

To combat data breaches, India considering mandatory local storage

Headed by former Supreme Court judge B.N. Srikrishna, a government panel has submitted its recommendations to the parliament to be tabled soon. The report says all critical personal data on people in India should be processed within the country, so as to prevent data breaches. Jul 28, 2018

Crippled by bad loans, ICICI posts first ever loss in 16 years

Hurt by higher provisions for bad loans and bond losses, as well as the ongoing investigation into former Chief Executive Chanda Kochhar, ICICI Bank posted its first loss in 16 years, reporting Rs 1.2 billion in losses for the first fiscal quarter. Jul 28, 2018