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Archive: June 28, 2024

India’s Healthcare Sector Battling 6,953 Weekly Cyberattacks: Report

India, June 28, 2024- Check Point Software Technologies Ltd., a leading AI-powered, cloud-delivered cyber security platform provider, has unveiled its latest Threat Intelligence Report for the Indian market revealing cyber numbers for the last six months. The report reveals that the Indian healthcare sector has become a major target for cybercriminals, experiencing an average of 6,935 cyberattacks per week over the past six months, compared to 1,821 attacks per organization globally. This alarming trend highlights the increased attack surface due to the rapid adoption of technologies such as electronic health records (EHRs), telemedicine, and Internet of Things (IoT) devices.

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The report also highlights that Indian organizations, on average, were targeted 2,924 times per week over the past six months, compared to 1,401 attacks per organization globally. The most prevalent malware in India is FakeUpdates, accompanied by other malicious software such as botnets and a Remote Access Trojan (RAT) named Remcos. Information disclosure is the most commonly exploited vulnerability in India, affecting 72% of organizations, followed by Remote Code Execution impacting 62%, and Authentication Bypass affecting 52%.

In the past 30 days, 63% of malicious files in India were delivered via email, while 37% were delivered through the web. Notably, 58% of the top malicious files delivered via email were executable files, while 59% of malicious files delivered via the web were PDF files.

Sundar Balasubramanian, Managing Director for India and SAARC at Check Point Software Technologies, commented, “The simplicity of spoofing email addresses and the capability to deliver weaponized content make email a powerful tool for spreading malware, stealing credentials, and executing social engineering attacks. Check Point urges users to avoid opening unverified email attachments, use strong passwords, enable multi-factor authentication, and exercise caution with unsolicited or suspicious emails.”

Balasubramanian emphasized the need for a proactive approach to cybersecurity, stating, “Preventive measures, such as regular software updates, employee training, and the deployment of advanced security solutions, are essential to mitigate the growing threat landscape. By staying vigilant and adopting a comprehensive security strategy, organizations can safeguard their assets and maintain the trust of their stakeholders.

The report also highlighted several major cyber-attacks and data breaches like

In March 2024, researchers uncovered a sophisticated cyber espionage campaign named SPIKEDWINE, targeting European diplomats through a malicious PDF disguised as an invitation from the Ambassador of India. This campaign, believed to be orchestrated by a nation-state actor, employs a previously undocumented backdoor called WINELOADER and advanced Tactics, Techniques, and Procedures (TTPs), exploiting geopolitical relations.

In January 2024, the ransomware-as-a-service group Medusa breached the nonprofit organization Water for People, which works to improve access to clean water in countries including Guatemala, Honduras, Mozambique, and India. The cybercriminals demanded a $300K extortion fee to avoid leaking stolen data, although the organization’s financial systems and business operations were not impacted.

In the same month, India’s National Aerospace Laboratories suffered a ransomware attack by the LockBit ransomware group, which leaked several documents allegedly exfiltrated during the breach.

In March 2023, an analysis revealed a campaign targeting Indian and Pakistani Android users through romance scams on messaging apps, which lured victims into downloading a remote access Trojan under the guise of a secure app.

Alembic Pharmaceuticals announces USFDA Final Approval for Doxycycline Capsules, 40 mg

28th June 2024, Mumbai: Alembic Pharmaceuticals Limited (Alembic) announced that it has received final approval from the US Food & Drug Administration (USFDA) for its Abbreviated New Drug Application (ANDA) for Doxycycline Capsules, 40 mg. The approved ANDA is therapeutically equivalent to the reference listed drug product (RLD), Oracea Capsules, 40 mg, of Galderma Laboratories, L.P. (Galderma).

Doxycycline capsules are indicated for the treatment of only inflammatory lesions (papules and pustules) of rosacea in adult patients. Refer label for a detailed indication. Doxycycline Capsules, 40 mg have an estimated market size of US$ 123 million for twelve months ending March 2024 according to IQVIA. Alembic has a cumulative total of 205 ANDA approvals (179 final approvals and 26 tentative approvals) from USFDA.

Mirae Asset Global Investments India becomes Authorized Corporate Partner of FPSB India

Mumbai, India, June 28, 2024— Mirae Asset Global Investments (India) Pvt Ltd (“Mirae Asset”) and FPSB India have initiated a significant engagement to enhance the financial planning services and investment advisory services in the country. The engagement will focus on upskilling and equipping the employees of Mirae Asset with knowledge and skills in financial planning and creating a pathway for continuous professional development.

This collaboration highlights Mirae Asset’s commitment to upskilling its workforce and empowering CFP Professionals.

Focus on Upskilling Employees

As part of this engagement, Mirae Asset will enhance its employees’ skills through targeted training programs and professional development initiatives. The collaboration with FPSB India will provide Mirae Asset team with access to valuable resources and industry expertise helping them remain competitive in the financial sector and offer high quality financial planning services to clients Mirae Asset acknowledges the importance of having skilled and certified financial planners to address the evolving needs of their clients.

Swarup Anand Mohanty, Director, Mirae Asset Global Investments (India) Pvt Ltd, said, “We are thrilled to join FPSB India as an Authorized Corporate Partner. This collaboration reflects our commitment to excellence and our belief in the value of certified financial planners. With the expertise of CFP professionals, we are confident in our ability to deliver top-notch financial services to our clients.”

Krishan Mishra, CEO, FPSB India adds, “FPSB India stands committed to empower individuals with skills required for to make informed financial planning choices. Taking this commitment forward we are happy to work alongside Mirae Asset Global Investments India Pvt Ltd to train and upskill their employees with the nuances of Certified Financial Planning (CFP) professionals.”

FPSB India, the licensing authority for the CFP certification in India, is setting a new benchmark in the financial services industry, emphasizing the importance of continuous learning and professional certification. Financial planning stands as a cornerstone in managing expenses, budgets, and achieving financial goals for organizations. With insights into both present and future financial states, it plays a pivotal role in shaping the success of businesses and individuals alike.

Two99 Org Announces Strategic Insights for Success in India’s Booming Apparel Market

New Delhi, 28th June: The Indian apparel market is undergoing a transformative phase, driven by digital innovation and evolving consumer preferences. Currently valued at $59 billion in 2023, it is projected to grow to $82 billion by 2027, presenting significant opportunities for forward-thinking brands.

Agam, Founder, Two99

“The rapid growth of digital shopping and the influence of social media are reshaping the Indian apparel market. Brands that can adapt to these changes and meet the evolving needs of consumers will thrive,” says Agam Chaudhary, Founder & CEO of Two99 Org.

The shift towards digital shopping is becoming increasingly prominent, particularly among younger demographics. Social media platforms like Instagram and Facebook have become powerful influencers, with 80% of Gen-Z and 70% of millennials actively engaging with brands online. This trend underscores the importance of integrating both digital and in-store strategies to effectively reach these audiences.

Men’s apparel preferences vary significantly across age groups. Boomers (58-76) prefer classic styles and spend approximately ₹12,000 annually. Millennials (27-42), who are trend-savvy and primarily shop online, spend around ₹18,000 annually. Gen-Z (11-26) are heavily influenced by social media trends, with an annual spend of ₹15,000. For the youngest group, Alpha (0-10), parents make purchasing decisions, with spending at ₹8,000 annually. Similarly, women’s apparel choices show distinct patterns. Boomers favor traditional attire and spend ₹10,000 annually, while Millennials seek versatile clothing, heavily influenced by social media, spending ₹20,000 annually. Gen-Z focuses on fashion and sustainability, with a spend of ₹17,000 annually, and parents of Alpha children spend around ₹7,000 annually on their attire.

Successful brands like Levi’s and Nike exemplify how digital engagement and a commitment to sustainability can drive success. Fabindia and BIBA effectively blend traditional craftsmanship with modern retail strategies. The Pant Project sets a benchmark for innovation by utilising AI to offer custom apparel.

“To stay ahead in the market, brands must focus on key strategies like content marketing, social media engagement, sustainability, omni-channel approaches, and e-commerce optimization,” added Agam Chaudhary. “At Two99, we are committed to helping our clients navigate these changes and achieve substantial growth.”

To capitalise on these trends, apparel brands should focus on several strategic recommendations. Content marketing tailored to different demographics can drive traffic and engagement. Social media marketing on platforms like Instagram, TikTok, and Facebook enhances brand visibility and engagement. Emphasising sustainability can foster brand loyalty. An omni-channel strategy that integrates online and offline channels creates a seamless shopping experience. Additionally, optimising e-commerce with AI personalization and ensuring mobile compatibility can enhance the user experience.

Embracing digital innovation and targeted strategies can significantly enhance the growth and consumer satisfaction of Indian apparel brands. By partnering with Two99, brands can accelerate their success in the digital age. “Two99 understands the unique challenges and opportunities in the Indian apparel market. Our experience and expertise make us an invaluable partner for brands looking to excel in the digital landscape,” Chaudhary emphasised.

With a deep understanding of the Indian apparel market’s challenges and opportunities, Two99 has helped over 50 brands achieve substantial growth. Their expertise in marketing and customer engagement, coupled with a presence in the USA, UK, Ireland, and Singapore, makes us a valuable partner for Indian apparel brands aiming to excel in the digital era.

Nibrus Technologies’ Surveyaan V1 Drone Receives Type Certification from DGCA

28th June, 2024: Nibrus Technologies, a pioneering drone manufacturer in India, is pleased to announce that its Surveyaan V1 drone has received Type Certification from the Directorate General of Civil Aviation (DGCA). This significant milestone marks a major achievement for the company, solidifying its position as a leading player in the Indian drone industry.

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The Surveyaan V1 is a cutting-edge survey and mapping drone designed specifically for land surveying and consulting firms. Weighing just 1.99 kg, it falls under the micro category, making it the most affordable type-certified drone in India. This innovative drone is equipped with a high-resolution 23MP camera, capable of capturing detailed images and data. It can achieve speeds of up to 25 km/hr, ensuring efficient and accurate surveying operations.

The Surveyaan V1 boasts a range of advanced features, including Return to Home and resume functionality, ensuring seamless and safe operations. Its fully autonomous design makes it easy to use, even for those without extensive drone experience.

“We are thrilled to receive the Type Certification for our Surveyaan V1 drone from the DGCA,” said Shubham Baranwal, the Co-Founder of Nibrus Technologies. “This certification is a testament to the quality and safety of our product, and we are confident it will revolutionize the surveying industry in India.”

The Surveyaan V1 is manufactured using high-grade carbon fiber composite and machining-grade plastic, ensuring exceptional durability and reliability. Its advanced features and capabilities make it an attractive option for small and medium-sized surveying firms, providing them with a cost-effective and efficient solution for their surveying needs.

With the Type Certification, the Surveyaan V1 can now be operated commercially across India, further expanding the reach and impact of Nibrus Technologies’ innovative drone solutions. This milestone marks a significant step forward for the company, solidifying its commitment to providing high-quality, safe, and reliable drone solutions to the Indian market.

Colliers India Brokers 1.6-Acre Land Deal in Bengaluru’s Sarjapur for Concorde Group

Bengaluru, India, 28 June 2024: Concorde, a leading Bengaluru-based real estate developer has acquired a prime 1.6-acre land parcel located on Sarjapur Road, Bengaluru. Set to be a premium residential complex, this joint development will have a gross development value (GDV) of ₹200 crores. The strategic acquisition was facilitated by well-known real estate consulting firm, Colliers India, and marks a significant milestone for Concorde as it continues to expand its footprint in the city.

The Colliers team was instrumental in conducting a market analysis that assisted in identifying a suitable space that aligned with Concorde’s business objectives and vision. The leading real estate consulting firm held strategic rounds of negotiation with all parties involved to arrive at a deal structure that served the best interests of the landowner and developer.

The proposed project will comprise 2 & 3 BKH units, spread over a high-rise tower of ~2.25 lakh sq.ft. Its strategic location on the Sarjapur main road ensures excellent connectivity and convenience for residents. The upcoming project will feature smart and tech-enabled elements for enhanced security and energy conservation through home automation. Additionally, it will include an Evolve signature clubhouse with world-class amenities, adhering to Concorde’s SMART philosophy.

Commenting on the initiative, Nesara B S, Chairman, Concorde said, “We are thrilled to bring another landmark development to Sarjapur Road. This acquisition reinforces our commitment to delivering innovative and high-quality living spaces that meet the evolving needs of modern homebuyers in strategic locations. With the support of Colliers India, we were able to structure a deal that benefits both the landowners and our development goals.”

“Concorde is building homes of the future with projects that boast modern architecture and tech-infused features, and our team is proud to have facilitated this transaction. By formulating the correct structure, we were able to meet the business requirements of the developer and landlord. With our strong industry relations and long-standing ability to deliver bespoke solutions, we consistently drive success for our clients and the overall real estate sector.” added Piyush Gupta, Managing Director, Capital Markets & Investment Services, Colliers India.

Sarjapur Road boasts excellent connectivity to key IT hubs such as Whitefield, Electronic City, Outer Ring Road, Marathahalli, and Koramangala. The area’s infrastructure is set to improve further with the completion of Namma Metro’s phases two and five, and the proposed 74km Peripheral Road. This region has experienced the highest growth in connectivity, making it an ideal location for residential and commercial development.

Stovekraft introduces ‘Electra’ – the Ultimate Electric Pressure Cooker system under Pigeon Brand

Mayank gupta

Chennai, June 28, 2024: Stovekraft, India’s leading kitchen appliances manufacturer, is thrilled to announce the launch of ‘Electra’, the revolutionary electric pressure-cooking system under its Pigeon brand. Designed to make your cooking experience more convenient, efficient, and safe, Electra is set to unlock culinary creativity and transform the kitchen in Indian households.

The Electra-Electric Pressure Cooker System stands out with features that cater to consumer needs. It ensures consistency in cooking for perfect results every time. The ‘No-Monitoring Needed Functionality’ allows users to multitask, and the ‘Auto-Off feature’ enhances safety. Additionally, it operates without whistle noise, eliminating common disturbances of traditional pressure cookers. The ‘Delay Function’ allows users to schedule cooking ahead of time, ensuring food is ready when desired without compromising freshness or flavor. The ‘Keep Warm’ mode maintains meals at the perfect serving temperature until ready to enjoy, adding extra convenience to the cooking process. These features make it a reliable and convenient kitchen appliance that saves time and energy while creating delicious and nutritious meals for the family.

Expressing his delight at the launch of Electra and sharing his vision for the future of cooking, Mr. Rajendra Gandhi, Managing Director of Stovekraft, said, “With Electra, we are setting a new benchmark in kitchen innovation. This cutting-edge appliance is not just about convenience; it is about transforming the culinary landscape in Indian homes. Electra epitomizes our relentless pursuit of excellence and our commitment to empowering consumers with state-of-the-art technology that enhances their cooking experience.”

Emphasizing the transformative impact of Electra, Dr Nanda, Chief Marketing Officer of Stovekraft, adds, “Electra is more than a product; it is a paradigm shift in kitchen technology. By combining unprecedented convenience with versatile functionality, Electra is poised to redefine home cooking. We are confident that this innovation will inspire users to explore their culinary potential and create delightful homemade meals effortlessly.”

Electra offers a versatile range of cooking modes, including pressure cooking, slow cooking, steaming, sautéing, and baking. This allows users to prepare a diverse array of dishes, from hearty stews to delicate desserts. The user-friendly smart touch interface enhances its appeal, enabling users to easily select cooking settings, adjust temperature and pressure levels, and monitor cooking progress in real-time. Even novice cooks can achieve professional-level results with confidence and ease.

EY GDS joins forces with ICTAK to empower 182 women to rejoin workforce

Thiruvananthapuram and Kochi: EY Global Delivery Services (EY GDS) has partnered with Information and Communication Technology Academy of Kerala (ICTAK) to train women for tech careers, boosting workforce re-entry under Career Reinstate Program.

Women in training at EY GDS's Career Reinstate Program that took place in Thiruvananthapuram

The Career Reinstate Program aims to upskill women and prepare them for reintegration into the workforce. This initiative by EY GDS equips women who plan to return to work with the necessary skills to rejoin the workforce, offering a scalable and robust blueprint for talent development and helping women bridge their career breaks effectively.

The candidates for the program, many hailing from economically disadvantaged backgrounds, were mobilized by ICTAK from diverse socio-economic and geographic backgrounds across Kerala. Each candidate was selected based on merit and eligibility per EY GDS requirements. The program targeted individuals with IT-related backgrounds, having one to two years of work experience, and a career gap of three to five years.

Overall, this was the fourth edition of the Career Reinstate program. From its inception, a total of 246 women have received training, of which 182 have been shortlisted for jobs at EY GDS. This year, 78 women were trained of which 59 have been shortlisted. The candidates received training over a 12-day period, which included in-person sessions at the ICTAK centers in Thiruvananthapuram and Kochi.

Sandeep Kohli, Global Talent Leader, EY GDS, said, “We are thrilled to integrate the new cohort of female trainees into the EY community via the Career Reinstate Program. Collaborating with ICTAK underscores our dedication to fostering a diverse and inclusive environment while also prioritizing skill enhancement. We are committed to supporting women seeking a second career, helping them to seamlessly to return to professional life and reshape their career paths, thereby narrowing the employment hiatus and invigorating our workforce with new insights. Additionally, this initiative aligns with our broader goal of expanding our reach and creating job opportunities in the nation’s high-potential and fast-growing cities.”

Sai Adwaith Krishnamurthy, Assurance Technology Risk Commercial Leader, EY GDS, said, “The Career Reinstate Program is playing a defining role in equipping women with skills and opportunities to redefine their careers and regain professional standing. The passion shown by the participants to rejoin the workforce after an extended career break is remarkable. The strong response to the program fuels our excitement to further build on this success. This talent development model empowers women and helps businesses leverage diverse skills while reducing unconscious bias.”

Speaking about the Career Reinstate program, Muraleedharan Manningal, CEO, ICT Academy of Kerala said, “Our successful collaboration with EY GDS has unlocked an invaluable talent pool of women keen to rejoin the workforce. This initiative goes beyond recruitment; we are enabling and nurturing their careers, providing continuity and support during transitions, and reigniting their professional journeys. It’s not just about jobs; it creates a societal ripple effect, with women becoming role models and ambassadors for change in their communities. By tapping into diverse talent and fostering conscious efforts, we’re turning the tide for women on career breaks.”

The successful collaboration between EY GDS and ICTAK is paving the way for a more inclusive and skilled workforce in the industry. By empowering women to re-enter the workforce with valuable workplace skills, EY GDS is working towards creating a stronger and more diverse tech industry and fulfil its larger purpose of building a better working world.

Beauty Garage Professional becomes first brand in India to highlight 18-MEA benefits with new Shea therapy range

 Garage

Mumbai…June 28, 2024… Beauty Garage Professional, a true made-in-India brand reinventing the hair care industry, has established itself as the first in India to highlight the benefits of 18-methyl Eicosanoic Acid (18-MEA) in hair care with the launch of its innovative Shea Therapy range. This revolutionary treatment preserves 18-MEA to significantly enhance hair health.

18-MEA is a vital component of the hair cuticle, located within the complex structure of the hair shaft. This intricate structure includes layers such as the Epicuticle, Exocuticle, and Endocuticle, followed by the Cell Membrane Complex (CMC). The CMC, acting as a cushion, houses numerous proteins, liquids, and carbon chains, with 18-MEA being the most crucial. Naturally present in our hair, 18-MEA is essential for maintaining hair’s hydrophobicity and overall health. However, factors such as chemical treatments and environmental damage can significantly reduce the levels of 18-MEA, leading to dry and brittle hair.

Mr. Mahesh Ravaria, Founder and CEO of Beauty Garage Professional said, “Shea butter, known for its moisturizing properties, plays a key role in retaining 18-MEA in the hair. This innovative therapy not only replenishes 18-MEA but also works from the fiber surface to the inner cortical layer of the hair, ensuring comprehensive care. Unlike standard spa treatments that focus merely on the outer hair layer, Shea Collagen Therapy penetrates deeply, reaching the CMC and effectively restoring 18-MEA levels”

A notable demonstration of 18-MEA’s importance can be observed through the water droplet test. Hair with adequate 18-MEA levels will repel water, allowing droplets to roll off, while hair deficient in 18-MEA will absorb the water, indicating a loss of the hair’s protective barrier.

Beauty Garage’s Shea Therapy Treatments:

  • Shea Retention Therapy: Focuses on restoring and retaining 18-MEA, enhancing hair’s natural protective barrier.
  • Shea Curl Therapy: Specifically designed for curly hair, ensuring the curls remain defined and hydrated.
  • Shea 18-MEA Collagen Therapy: Combines the benefits of collagen and 18-MEA for improved elasticity and resilience

Beauty Garage Professional has consistently been at the forefront of innovation in hair care. Following the success of Shea Retention Therapy and Shea Curl Therapy, the introduction of Shea Collagen Therapy marks a significant advancement in their commitment to hair health. This pioneering approach not only highlights the critical role of 18-MEA in hair care but also sets a new standard for treatments aimed at restoring and maintaining hair vitality