Month: May 2008

NIIT Technologies have qualified as Approved Scanning Vendors (ASV) for Payment Card Industry Data Security Standard (PCI DSS). This brings NIIT Technologies into the league of an elite group of Security Service Providers, providing Scanning Services for all Payment Card Network Vendors, Merchants and credit card service providers, who deal in credit card transactions.

The Payment Card Industry Data Security Standard (PCI DSS) requires organizations to conduct quarterly remote network, system and application scans. NIIT Technologies would provide quarterly remote vulnerability scans to help organizations achieve and maintain compliance. NIIT Technologies’ security experts conduct the scan, and then provide comprehensive reporting and remediation documentation support for data security issues that are uncovered.

Rising borrowing costs had a severe impact on India’s industrial production, which grew at the slowest pace since 2002 in March. India IIP Data for March AT 3% Vs 8.6% in Feb. Sonal Verma of Lehman Brothers said,

Industry is facing headwinds from tight monetary conditions, high raw material costs and weakening foreign demand.There is unlikely to be much scope to cut policy rates in 2008 to boost domestic demand.

Analysts expects interest rates not to come down and higher interest rates are discouraging sales of 2 and 4 wheeler automobiles and residential real estate as well.