Infosys (NSE, BSE, NYSE: INFY), a global leader in nextgeneration digital services and consulting, today announced that it has obtained regulatory approvals for its Binding Corporate Rules (BCR) from the Hesse Data Protection Authority, Germany, following concurrence from the EDPB (European Data Protection Board).
BCR provides a lawful framework within which organizations can transfer personal data internationally within their group companies. Two sets of BCRs have been approved for Infosys, one as a data controller (BCR-C) and the other as a data processor (BCR-P).
This BCR certification, which has been achieved for both Infosys' own and client data, strengthens the company's focus in maintaining consistent standards of data privacy and protection. This further enables seamless transfer of personal information from Europe to any Infosys Group location globally, and it is a milestone achievement in today's AI-first world in addressing concerns around cross-border data transfers.
"This accomplishment reinforces Infosys' commitment towards responsible business practices. Today, the need to protect personal data is critical, and Infosys is helping clients carry out their business in a compliant environment. This recognition is a key differentiator for us when it comes to processing personal data and further affirms our dedication to accountability and trust," said Inderpreet Sawhney, Group General Counsel and Chief Compliance Officer, Infosys.
Shares of Infosys Limited was last trading in BSE at Rs. 1978.90 as compared to the previous close of Rs. 1976.65. The total number of shares traded during the day was 91783 in over 5892 trades.
The stock hit an intraday high of Rs. 1984.45 and intraday low of 1962.15. The net turnover during the day was Rs. 181299649.00. |
