HCL Tech’s stock fell 4.57% down on the BSE at Rs 799.30 on a day when the benchmark Sensex was down 1.77% to end at 25,603.10 points.
India also made the second highest requests for user data at 5,561, after the United States which made 19,235 requests for user data in the July-December 2015 period.
India ranked 18 out of 24 countries, falling from rank 17 in the same study conducted three-years ago. BSA is a nonprofit which counts Apple, Microsoft, Adobe, Cisco and IBM as members.
Revenue at HCL's infrastructure services business grew 3.9% in constant currency while in the engineering and R&D services business grew 1.9% during Q3.
Cases of data fraud and stealing sensitive customer data such as credit card information by BPO employees based in India have been reported.
If the clause being debated in RCEP goes through, it will mean opening up a Pandora's box of legal hassles for companies trying to innovate.
"Whether it’s a ‘Smart City’ or a ‘Make in India’ or a ‘Startup India’ or ‘Digital India’, all of these are correlated."
Experts say the legality of such a directive is questionable, but even more worrisome is how the government plans to “look at” conversations among citizens .
They also launched qualification packs, developed in consultation with organizations in sectors such as IT/ITeS, financial services and consultancy advisory services.
“We do use some tools, but these are completely legal and easily available in the market for anyone to buy,” Ramachandran added.
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