VARINDIA IT MAGAZINE

China’s security officials test the way and means on how internet addresses of services hosting or using illegal content work in their country. Once found the irregularity, the authorities would ask internet service providers to tell their clients to stop. If the clients doesn’t act rightfully, they said, the service providers and Chinese officials would cut their connection in a matter of minutes, which includes making some news websites inaccessible and passing rules that result in app removals - has left big players like Facebook, Google, Instagram, Twitter and Gmail are all blocked in the country for years. With an audience size of more than 700 million internet users who buy $750 billion of stuff online a year in China, but they are served by local tech companies that have developed their own way of doing business that can seem exotic to Silicon Valley. Facebook is blocked in 2009 after ethnic unrest in western China and similarly, Instagram blocked in 2014 during protests...

Axis Bank has entered into an agreement with Jasper Infotech Pvt Ltd to acquire 100 per cent stake for $60 million (Rs 385 crore) in its subsidiaries, namely, FreeCharge Payment Technologies Pvt Ltd and Accelyst Solutions Pvt Ltd, which together constitute the digital payments business under the 'FreeCharge' brand. The transaction is expected to close by the end of September 2017 subject to regulatory approvals. Shikha Sharma, Managing Director and chief executive of Axis Bank, added that the deal is key from a strategic perspective for the bank. While the bank is expecting regulatory clearance of the deal in two months, it might be looking to merge its wallet business with the latter. While adding to the conversation, Axis Bank’s chief financial officer Jairam Sridharan told the media that the acquisition might double their customer base of the bank leapfrogging its digital journey by years. Secondly, sources revels the leadership team of Axis Bank is committed to the ...