Non-bank PSPs have been authorised to access the NEFT, RTGS by RBI. The PSPs will be eligible to participate in CPS as direct members in the first phase. Risk or delay of fund transfer will also be avoided and customer data will be protected since non-banks can do transactions themselves. A new IFSC will be allocated to such non-banks and a current account will be opened with RBI in its core banking system.
Shares of Dell fell by 1% while that of HP dropped by 6% after they said their supply of PCs could be affected by the global shortage of chips. Dell said even its printer supply would be affected at least till the end of 2021. Dell reported a growth of 20% in its revenue from the client solutions group –desktops, notebooks, and tablets– in the quarter ending April 30. HP’s PC-related sales grew by 27% and notebook by 47%, compared to the same period during the last year.
IDC, as per its latest report, said that the Indian PC market saw a growth of 73.1% after a sale of 3.1mn units in 1Q. Notebooks sales lead the growth during the period with 116.7% increase compared to the same period last year. Desktops also showed some recovery with 49.5% YoY. HP topped the chart with a staggering growth of 102.1% YoY, followed by Dell (102.1%) and Lenovo ( 73.4%). The strong annual growth could be due to the less-than-normal shipments in Q1 of 2020.
In the modern era of do-anything-from-anywhere edge computing market has grown and continues to rise due to the WFH and learning process amidst crisis. Dell Technologies, Founder and CEO Michael Dell in his keynote highlighted that with constantly growing data, 75% of it will be processed on edge by 2025 and will require real-time analytics and intelligence to transform into conclusions. He further said that the data decade is here.
Dell has issued patches for 5 high-severity vulnerabilities for millions of computers dating all the way till 2009. Dell has also listed almost 200 affected computers that it considers to be no longer receiving service. The undisclosed flaws could allow any user on the computer, even without privileges, to escalate their privileges and run code in kernel mode, however, they haven’t seen evidence of the vulnerability being exploited by hackers in 12 years.
Dell would spin off its 81% stake in VMware to lower its long-term debt of $41.62 bn, mostly taken during its 2016 acquisition of EMC. The cloud computing firm will disburse a special cash dividend of around $12 bn to all its stakeholders, including Dell, which will receive around $9.7 bn, in a likely tax-free transaction. Dell, with the spinoff, will also get an investment-grade rating and simplify the capital structure. VMware, at present, is Dell’s best-performing unit.
India’s overall server market declined 11.2 % (YoY) in terms of revenue to reach $266.1 mn in Q4 2020, said IDC. The x86 server market contribution grew to 92.9 % in terms of revenue, growing 4.8 percentage points over Q4, 2019. Dell emerged as the market leader in the India x86 server market with a revenue of $73.1 mn, HPE was second ($48.2 mn), Lenovo was third ( $27.0 mn) said Harshal Udatewar, Market Analyst, Server, IDC India.
Dell is expanding its Hybrid Client, a client computing software that helps users to have easy access to apps and data on any platform like cloud, data centre or device. Hybrid Client 1.5 gives provide access through a secure single-sign-on and makes it easy to find anything the user needs by using a global file search. There is also a follow-me feature that ensures that users get a consistent experience regardless of the device they are using.
Dell will invest $50 mn for the next three years to set up an innovation facility in Singapore with the aim to focus on R&D work in digital transformation tech. Amit Midha, Dell’s president of APJ and global digital cities said, out of the total investment, $23 mn will be invested this year itself. Dell launched a skills programme in Singapore for over 3,000 people to learn new skills in cloud computing, data protection, data science, and big data analytics.