Russia penalizes Zoom $1.18 million for conducting business without a local office
By MYBRANDBOOK
For operating without setting up a local office, a Russian court fined Zoom Video Communications 115 million roubles ($1.18 million). Moscow and global technology businesses have been at odds over content, censorship, data, and local representation in a long-running confrontation that erupted in February 2022 after Russia pushed its armed forces into Ukraine.
The judge, Timur Vakhrameyev said that the fine had been set at a 10th of Zoom's 2022 revenues in Russia. Zoom was fined 15 million roubles last week in what a court said was a repeated failure to store data that it held on Russian citizens on a server in Russia.
Other companies, such as Alphabet's Google and Apple, have been fined heavily in Russia in the last few years.
Soon after Russia started what it calls a "special military operation" in Ukraine, Meta was found guilty of "extremist activity" in Russia, which it denied, and its Facebook and Instagram platforms were banned.
Singapore to remove One-Time Passwords from Bank Accounts
According to the Monetary Authority of Singapore, clients who utilise secur...
Is 375 million Airtel subscribers database breached?
When a hacker claims to have accessed and put up for sale a customer databa...
The government of India intends to construct a single portal f
A single portal will be launched by the Indian government to list all of it...
OpenAI offers GPT-4o, a faster model available to all users at
GPT-4o, a faster and more sophisticated AI model, is made available to all...
Icons Of India : NANDAN NILEKANI
Nandan Nilekani is the Co-Founder and Chairman of Infosys Technologies...
Icons Of India : Anil Kumar Lahoti
Anil Kumar Lahoti, Chairman, Telecom Regulatory Authority of India (TR...
ICONS OF INDIA : RITESH AGARWAL
Ritesh Agarwal is an Indian billionaire entrepreneur and the founder a...
GSTN - Goods and Services Tax Network
GSTN provides shared IT infrastructure and service to both central and...
STPI - Software Technology Parks of India
STPI promotes and facilitates the growth of the IT and ITES industry i...
BSE - Bombay Stock Exchange
The Bombay Stock Exchange (BSE) is one of India’s largest and oldest...
Indian Tech Talent Excelling The Tech World - Anirudh Devgan , President, Cadence Design
Anirudh Devgan, the Global President and CEO of Cadence Design Systems...
Indian Tech Talent Excelling The Tech World - Vinod Dham, Founder & Executive Managing Partner, IndoUS Venture Partners
Vinod Dham, known as the “Father of the Pentium Chip,” has left an...
Indian Tech Talent Excelling The Tech World - AJAY BANGA, President - World Bank
Ajay Banga is an Indian-born American business executive who currently...