Tuesday, August 17, 2021

India International Exchange - INX - At GIFT IFSC To Allow Trading In Foreign Stock Exchanges


It has proposed to offer stocks from the US, Canada, the UK, Europe, Australia, and Japan, covering about 80 per cent of the investing universe, the BSE-owned India INX said in a statement.

The India International Exchange (India INX) on Tuesday said it will soon facilitate buying and selling of shares of foreign stocks, including major US-listed companies, through its platform.

It has proposed to offer stocks from the US, Canada, the UK, Europe, Australia, and Japan, covering about 80 per cent of the investing universe, the BSE-owned India INX said in a statement.

The Exchange said it will roll-out the functional details in terms of specifications about the products and will also soon launch trading in international stocks.

Eventually, India INX will in the first phase provide access to over 130 exchanges across 31 countries worldwide covering global exchanges in America, Europe, Asia-Pacific, and Africa.

Among the exchanges to be offered access are -- NYSE, Nasdaq, LSE, Canadian Securities Exchange, Toronto Stock Exchange, BATs Europe, Euronext France and Tokyo Stock Exchange.

India INX said it will add international stocks to trading via its wholly-owned subsidiary India INX Global Access IFSC Ltd.

"Under the LRS route, resident individuals can use the India INX platform to transact and invest in global stocks in an easy and convenient manner," India INX Chairman Ashishkumar Chauhan said.

He added that the addition of global stocks is a significant step that will bring further investment into the region from investors seeking contracts with a strong emphasis on liquidity and investability.

Under the liberalised remittance scheme (LRS) framework, an Indian can only remit up to USD 2,50,000 outside India in a financial year.

Members of India INX can access this facility at no additional membership costs.

India INX is the country's first international exchange based in the international financial services centre (IFSC) at Gujarat International Finance Tec-City (GIFT City).

On Monday, the NSE International Exchange (NSE IFSC) said trading in select US stocks will soon be facilitated through its platform.

Gaming Platform Zupee Closes Series B Funding At Over $500 Million Valuation


* Zupee is a leading innovator in online skill-based gaming in India

* The company has seen over 5x increase in its valuation in 6 months

* Newly raised $30 million will be used to enable scaling with portfolio expansion and deepening user reach

Zupee, a leading innovator in India’s online skill-based gaming industry, has announced that it has raised $30 million at a pre-money valuation of $500 million in Series B funding round. This round of funding has been co-led by Silicon Valley based WestCap Group and Tomales Bay Capital, with participation from Matrix Partners India & Orios Venture Partners.

This round comes within 6 months after its Series A round at a $100 million valuation, which is more than 5x increase in the company's valuation. With total funds raised now at $49 million, Zupee is backed by some of the best in the industry - WestCap Group, Matrix Partners India, Smile Group and Orios Partners. The company has an existing user base of over 10 million users. This new round of funding will be used to enable scaling efforts through expanded product portfolio, deepening market reach and hiring global talent.

Founded in 2018 by graduates of India's leading institution IIT Kanpur, Dilsher Singh and Siddhant Saurabh, and incubated with funding from Smile Group, Zupee innovates by reengineering time-tested games and enabling them to enhance skill, joy and hope. The company's portfolio has innovative gaming formats of multiple popular board games. The flagship gaming app hosts live trivia quiz tournaments and has seen over 250 million gameplays.

Dilsher Singh, Founder and CEO, Zupee said, "Games inherently celebrate the journey and nurture self-expression. That's what I am committed to building with Zupee - an organization which enables people anywhere in the world to enhance their intrinsic happiness through games. We innovate to ensure our games provide an intersection between skill and entertainment, enabling our users to earn while they play. We thank our investors for believing in our purpose and enabling us to progress on our journey to transforming it to reality. Our journey has just begun; 10 million happy users in India, billions more globally we want to touch through our innovative games".

“WestCap remains a key strategic investor and operating advisor to Zupee and we are increasing our interest again as part of this most recent funding round”, commented Laurence A. Tosi, Founder and Managing Partner of WestCap and early investor in Zupee. “Dilsher and his world class team have innovated some of the most compelling and widely used mobile games of skill in India. The enduring appeal of the Zupee games brings engagement, enjoyment and empowerment to the widest audience of any gaming platform in the market. This funding will enable the Zupee team to invest further in innovation, expand its suite of games and aggressively pursue international expansion. Zupee has exponentially accelerated its growth over the last 12 months, making them one of the largest and fastest growing game companies globally”.

According to industry reports, the global online gaming industry is estimated to grow from $98 billion in 2020 to $272 billion in 2030. In 2020, the industry saw over 53 billion mobile gaming downloads worldwide, of which 17% came from India. By the end of this year itself, there will be 2.9 billion players worldwide.

Quintype Technologies Launch Their React Native App Product To Help Publishers Build Their Mobile Presence


Publishers have been moving towards finding smarter solutions to cater to their mobile-first audience. With 67% of the world’s population in possession of a mobile phone, this seems like a step in the right direction. Mobile apps have quickly become the sure way of providing native content to users by reducing the friction created by browsers. 

Quintype announces the launch of their react native apps. A platform where digital publishers can launch their very own news app in the least time possible. The digital publishing tech company has already helped over 10 brands to launch their own app on both android and iOs platforms. Quintype has extended their safety and industry-approved content management features with the react native apps. 

“Today every publisher has a mobile app they use to retain and draw users. The team has come up with react native app, a solution built to help publishers provide a seamless experience to their mobile-first audience without even having to change their CMS.   ” said Chirdeep Shetty, CEO, Quintype India Pvt. Ltd.

Publishers can now sync their native content to the website and mobile app from a single CMS. Quintype takes over the technical responsibilities from the publishers while providing a superior user experience. 

The react native apps come packed with industry approved features like - live video streaming, single sign on, ad integration, subscriptions, in-app purchases, offline features and more. The product is launched to reduce the overall time to build native apps without compromising the quality and security. 

About Quintype :

Quintype was founded in 2016 and is headquartered in Bangalore, India with a global clientele of marquee publishers across USA, Europe, Middle East, Asia and Africa. Quintype's award-winning multi-lingual, digital-first publishing solutions empower content creators to deliver superlative experiences to their readers, every single time.

SonicWall Cyber Threat Report 2021: 304.7 Million Record Ransomware Attacks In Just 6 Months, Eclipses Whole Of 2020

 
●    Government, education, healthcare, retail verticals across the globe increasingly targeted by ransomware

●    185% and 144% increase in Ransomware in the U.S and UK respectively, Asia at an alarming rise of 190% in IoT malware volume

●    IoT Malware up 59% year-to-date globally, increasing steadily since 2008

●    Cryptojacking malware remains a key threat, up 23% year-to-date globally and up 22% in the U.S.

●    SonicWall’s patented RTDMI™ shows a 54% year-to-date increase in Malware over the first half of 2020

According to the  mid-year update to the 2021 SonicWall Cyber Threat Report, in the first half of 2021, ransomware attacks skyrocketed,eclipsing the entire volume for 2020 in only six months.With high-profile attacks against established technology and infrastructure, ransomware is now more prevalent than ever. Through the first half of 2021, SonicWall recorded global ransomware volume of 304.7 million, surpassing 2020’s full-year total (304.6 million) — a 151% year-to-date increase.

“In a year driven by anxiety and uncertainty, cybercriminals have continued to accelerate attacks against innocent people and vulnerable institutions,” said SonicWall President and CEO Bill Conner. “This latest data shows that sophisticated threat actors are tirelessly adapting their tactics and embracing ransomware to reap financial gain and sow discord. With remote working still widespread, businesses continue to be highly exposed to riskand criminals are acutely aware of uncertainty across the cyber landscape. It’s crucial that organizations move toward a modern Boundless Cybersecurity approach to protect against both known and unknown threats, particularly when everyone is more remote, more mobile and less secure than ever.”

Ransomware running rampant

After posting record highs in both April and May, SonicWall recorded another new high of 78.4 million ransomware attacks in June 2021 alone. Ransomware volume showed massive year-to-date spikes in the U.S. (185%) and the U.K. (144%). Accounting for 64% of all recorded ransomware attacks, Ryuk, Cerber and SamSam were the top three ransomware families in the first half of the year, as recorded by SonicWall Capture Labs.

The top five regions most impacted by ransomware in the first half of 2021 were the United States, United Kingdom, Germany, South Africa and Brazil. Across the U.S., the five hardest-hit states were Florida (111.1 million), New York (26.4 million), Idaho (20.5 million), Louisiana (8.8 million) and Rhode Island (8.8 million).

“The continued rise of ransomware, cryptojacking and other unique forms of malware targeted at monetization, along with their evolution of tactics, are evidence that cybercriminal activity always follows the money and rapidly adapts to new opportunities and changing environments,”said SonicWall Vice President of Platform Architecture Dmitriy Ayrapetov.

In line with spikes in global data, SonicWall Capture Labs threat researchers also recorded alarming ransomware spikes across key verticals, including government (917%), education (615%), healthcare (594%) and retail (264%) organizations.

Patented RTDMIfinding, blocking more never-seen-before variants than ever

In the fight against known and unknown threats, SonicWall’s patented Real-Time Deep Memory InspectionTM (RTDMI) identified record numbers of never-before-seen malware, posting a 54% year-to-date increase over the first half of 2020.

RTDMI technology blocks more advanced and unknown malware compared to traditional behavior-based sandboxing methods, and with a lower false-positive rate. This can be seen in the latest ICSA Labs Advanced Threat Defense (ATD) Q2 test results, where the SonicWall Capture Advanced Threat Protection (ATP) service with RTDMI detected 100% of previously unknown threats with zero false positives across 33 consecutive days of testing.

In its most recent test administered in the second quarter of 2021, ICSA conducted a total of 1,144 tests against Capture ATP, with a mixture of 544 new and little-known malicious samples and 600 innocuous applications. Capture ATP correctly identified 100% of malicious samples while allowing all clean samples through. It was the sixth consecutive ICSA ATD certification for Capture ATP, and second ‘perfect score’ in as many quarters.

"Third-party validation is hard earned, particularly in today's fast-moving threat landscape," said SonicWall Vice President of Software Engineering & Threat Research Alex Dubrovsky. "Consecutive perfect certifications is a testament to the SonicWall team and our continued quest to arm organizations with intelligence and technology that help protect them from the most dangerous cyber threats."

Malware continues to fall, non-standard port attacks down

Last year, SonicWall recorded a drop in global malware attacks, a trend that continued in the first half of 2021 with a 24% drop in malware volume worldwide. As threat actors become more sophisticated — using ransomware, cryptojacking and other types of cyberattacks to launch surgical strikes — the need for “spray-and-pray” malware attempts has lessened, decreasing overall volume.

Malware attacks via non-standard ports also fell in 2021 after hitting record highs in 2020. These attacks, which aim to increase payloads by bypassing traditional firewall technologies, represent 14% of all malware attempts in the first half of 2021, down from 24% year to date.

Cryptojacking malware remains a concern

After having made an unexpected revival in 2020, cryptojacking malware continued to climb through the first half of 2021 as cryptocurrency prices remain high. From January to June, SonicWall threat researchers recorded 51.1 million cryptojacking attempts, representing a 23% increase over the same six-month period last year.

Europe was particularly ravaged, recording a 248% year-to-date rise in cryptojacking malware. This increase highlights the volatile shifts of a market cybercriminals have come to leverage due to their high desire for online anonymity when it comes to lucrative payouts.

IoT vector continues to serve threats

Last year, employees packed their belongings and went home in droves, introducing millions of new devices to the network and millions of openings for cybercrime. This year, Internet of Things (IoT) malware attacks have continued to increase, rising 59% year-to-date globally, a trend stemming back to 2018.

While the U.S. saw a slightly smaller 15% year-to-date increase in IoT malware, Europe and Asia also saw alarming rises of 113% and 190%, respectively, in IoT malware volume.

SonicWall Capture Labs threat researchers collect and analyze threat intelligence data from 1.1 million sensors in over 215 countries and territories. This includes cross-vector, threat-related information shared among SonicWall security systems, including firewalls, email security devices, endpoint security solutions, honeypots, content filtering systems and the SonicWall Capture Advanced Threat Protection (ATP) multi-engine sandbox; SonicWall internal malware analysis automation framework; malware and IP reputation data from tens of thousands of firewalls and email security devices around the globe; and shared threat intelligence from more than 50 industry collaboration groups and research organizations.

About SonicWall

SonicWall delivers Boundless Cybersecurity for the hyper-distributed era in a work reality where everyone is remote, mobile and unsecure. SonicWall safeguards organizations mobilizing for their new business normal with seamless protection that stops the most evasive cyberattacks across boundless exposure points and increasingly remote, mobile and cloud-enabled workforces. By knowing the unknown, providing real-time visibility and enabling breakthrough economics, SonicWall closes the cybersecurity business gap for enterprises, governments and SMBs worldwide. 

Taiwan Excellence Steers Social Change With #SharingIsCaring Themed Campaign


* Under the digital campaign, it offers sponsorship for social innovation efforts by individuals, NGOs, and social institutions from across the world

Few people believe that they possess the power to profoundly impact another individual, community, or a society. If this power is multiplied, the moments become a movement that can transform the world to a better place!

In alignment with this thought, Taiwan Excellence launched a global campaign on August 11 through a virtual event.Themed as‘SharingisCaring’, this campaign isacorporate social responsibility (CSR)initiative planned on a global level to harness the power of collective passions, expertise and technology.

The project’s objective is to make a difference in the society by providing philanthropists a platform to work on their ideas about social issues, governance and environment protection. Under it, various social institutions, individuals and NGOs are invited to participate and share thecauses they would like to work on.

After registering, the entries will go for a qualification review by an advisory committeethatwill ensure if they abide by the guidelines.

Upto 12 proposals will be shortlisted by the selecting committee and posted on the website for public voting. The top three entries will win an exclusive grant from Taiwan Excellence to work on their #SharingisCaring idea. Extra points will be given to proposals that include Taiwan Excellence’s award-winning products and brands in their innovation.

Top 3 winning proposals to get prize money of USD 10,000 each and will also get an execution budget of USD 150,000 each along with a partner assigned by TAITRA to execute their respective winning idea. With such a massive sum earmarked to fuel the dreams of social innovators, change-makers from across the world are highly motivated to conceptualize projects to make world a better place!

Taiwan Excellence has a rich history of contributing to communities, as well as to global needs through traditional corporate social responsibility. The organization has always sought greater alignment of these activities with their business interests.

For more details, log in to: share-care.taiwanexcellence.org and refer to the Rules for “Taiwan Excellence: Sharing Is Caring” Philanthropic Events.

Details to take note

1. Launch of Campaign: Aug 11

2. Proposals will be accepted from Sept 1onwards. Proposals must be submitted by 23:59, Oct 31, GMT+8 time.

3. Registration URL: share-care.taiwanexcellence.org

4. Date of Announcement of the Finalists: Dec 16

5. Voting: Jan 13 to Jan 27

6. Campaign Winning Proposals Announcement: Jan 30

About Taiwan Excellence

Taiwan Excellence awards innovative products made in Taiwan that offer added value to users from around the world. All products bearing this symbol have been selected for their excellence in design, quality, marketing, Taiwanese research & development and manufacturing. The Taiwan Excellence Award, initiated by the Ministry of Economy in 1992, and is recognized by 102 countries.

Monday, August 16, 2021

Hero Motocorp Celebrates Its 10Th Anniversary On August 9 With Retail Sales Of More Than One Lakh Units


Hero MotoCorp – the world’s largest manufacturer of motorcycles and scooters – sold a record more than one lakh units of motorcycles and scooters in retail sales in a single day on August 9th, coinciding with the 10th anniversary of the Company.

This retail sale - that included the sales in the domestic market of India and global markets around the world – is a record number of actual sales to customers in a non-festive period.

Naveen Chauhan, Head of Sales & After-Sales, Hero MotoCorp said, “This kind of retail sales on a single day in a non-festive period is unprecedented. The completion of 10 years of our journey on August 9th is a significant milestone at Hero MotoCorp. Our customers have reiterated their faith and trust on us by celebrating the ‘Hero Day’ of August 9th, purchasing our range of products in massive numbers, enabling us to set this record of retail sales on a single day.”

The record number was achieved due to the retail demand for Hero MotoCorp range of products across segments – entry, deluxe and premium, including scooters – and in markets across geographies. 

Hero MotoCorp doubled its daily average sales of scooters on the Hero Day of August 9th with immense demand for the range of scooters – including the newly launched Maestro Edge 125, Destini & Pleasure 110.

In addition to the existing range, the recently launched Glamour XTEC, the new Splendor in Matte Shield Gold color, and the Xtreme 160R also contributed in robust numbers to the overall volume of more than one lakh retail sales on August 9th. 

After the separation from its erstwhile joint venture partner, Hero MotoCorp unveiled its new brand identity at the iconic O2 Arena in London on August 9, 2011. The August 9th this year, therefore, marked the 10th anniversary of the Company. 

This Independence Day, Boys And Machines #MakeAWish Video Campaign Across Social Media


Boys and Machines, a premier dealership specialising in pre-owned luxury cars in association with Chintan Environmental Research and Action Group launched their #MakeAWish video campaign across social media to celebrate the 75th anniversary of India's Independence, with a difference. 

The Boys and Machines team decided to make the dreams of some of India’s young kids come alive. On the eve of Independence Day, they invited 10 teenagers from Chintan Environmental Research and Action Group, to enjoy a special Ferrari joyride at the Buddh Circuit, Delhi-NCR. The NGO supports livelihoods and fights poverty, as a tool that empowers women and children.

To add an element of surprise, Boys and Machines also invited the King of Pop, Daler Mehndi as the guest of honour at the event and the youngsters were excited to meet him. The singer, along with Siddharth Chaturvedi, founder and MD of Boys and Machines, took the teens for a fun drive in the Ferrari. They also interacted with the kids on all things cars, their future aspirations and more. 

Talking about the thought behind this initiative, Mr. Siddharth Chaturvedi, Founder & Managing Director, Boys and Machines shared, “We wanted to commemorate Independence Day by fulfilling a simple wish these kids had. I believe even the smallest of gestures can bring a smile to someone’s face. Through this activity, we wanted to encourage people to take the pledge of making someone else's wish come true, in whatever way they can. The occasion was also energised by the presence of Daler Paaji, who is an inspiration to all young people. His presence has been extremely encouraging.”

Daler Mehndi said, “I am delighted to be part of this campaign by Boys and Machines. Just the very thought of spending a day with these kids and bringing a smile to their faces was what made me associate with it. This is indeed a noble gesture on the part of Siddharth and team to spend this Independence Day with them. And, I wish these kids all the success and luck and may their aspirations come true.”

Ikjot Singh Bhasin, a motorsport catalyst, Times award jury member, and superbike consultant  was a key part of the event. He also actively engaged with the children and encouraged them to participate in motor sports from an early age.

Boys and Machines was founded in 2020. It currently has a presence in Mumbai, Delhi NCR, Hyderabad and Kolkata. The company exclusively buys and retails luxury cars. Its portfolio includes cars from some of the most sought-after automotive brands like Ferrari, Bentley, Porsche, Mercedes, Audi, Lamborghini and BMW.

With demand for pre-owned sports cars only growing, the company is focussed on growing its presence across India and beyond the traditional sports car markets of Mumbai and New Delhi. Its aim is to expand its network to eight cities by the end of 2021. 

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