The chief executive of Netmagic, Sharad Sanghi told ET that the company has held discussions with the information technology ministry, which is looking at adopting cloud not just for people services but also some of the government projects. "The ministry wants to ensure a common level of technical competency across players, have a rate card agreed and then pick and choose whoever it wants," said Sanghi.

Big Data is expected to be a market worth $1 billion in India by 2015, growing at a CAGR of 83 per cent since 2012, according to a Nasscom report. At the Techcircle Big Data Forum 2014, eminent panellists discussed how they have monetised, implemented and scaled Big Data.engineering, McAfee Software India; and Sunil Gupta, president and COO, Netmagic Solutions.

NTT Communications subsidiary Netmagic has successfully used wind energy to power the first LEED Gold certified data center in India, located in Chennai. The high cost of fuel and frequent power outages prompted Netmagic to look for alternatives. "The most cost-effective energy source for a data center can be either wind energy or a gas based power plant," explained President and COO, Sunil Gupta.

Data centres, those racks and racks of hard-drives stacked up to provide for whenever businesses need computing space, are looking at renewable power sources for uninterrupted operations in power-starved Tamil Nadu. Netmagic, an NTT Communications company providing storage space for ecommerce companies such as Flipkart, is running its Chennai unit on wind power. The company's large facilities in Maharashtra tap into conventional sources including thermal power. The green initiative was prompted mainly by frequent power outages.

Japan's NTT Communications Corp (NTT Com) is exploring options to acquire a unified telecom licence in India, even as its sister concern NTT DoCoMo is on the verge of exiting the country. "NTT Communications is exploring acquiring a licence for unified communications through its India subsidiary, NTT Communications India," Sharad Sanghi, Managing Director and Chief Executive Officer at Netmagic, told BusinessLine in an interaction.

In an interview with Rashi Varshney, Govind Desikan, Business Development Head - Cloud Services, Netmagic discusses how cloud market is shaping up in India, why hybrid cloud is going to be the future, and the company’s growth plans post NTT Communications association.

Netmagic, an NTT Communications company and India’s leading managed IT hosting services provider, today announced that it has achieved Cloud Security Alliance’s Security, Trust & Assurance Registry (CSA STAR) certification after a rigorous audit process. Netmagic thus becomes the first cloud service provider in India to receive the CSA STAR certification, an industry benchmark for the specific security requirements of multi-tenant service providers. Netmagic is also the first service provider in the world to be certified for CSA STAR Cloud Capability Maturity Model (CCM) version 3.0.1. This further strengthens Netmagic’s commitment to deliver cloud computing solutions that facilitate interoperability, portability, and security for various enterprise end user scenarios.

The story focuses on the idea of busy-ness in the office, and how it doesn’t always equate to greater productivity and Dr. Deepak Deshpande has been quoted on differentiating and clearing the confusion between empowering manager vs suspicious manager. He has also been quoted about how employees can manage their unplanned activities by organizing their day correctly.

Riding on a Technology Wave the Banking and Financial Services sector is all set to create a paradigm shift in how it explores new avenues for growth.