FedEx Express Study 'Future is Now’ Reveals India Is Future-Ready

* Indians ready to embrace a dynamic, experimental, and sustainable future

FedEx Express, a subsidiary of FedEx Corp. (NYSE: FDX) and the world’s largest express transportation company, today revealed the findings of its ‘Future is Now’ study* that offers insights into India’s readiness to embrace the future.

India is at the cusp of change, with the pandemic accelerating the country’s digital transformation. From healthcare to education, banking to manufacturing, technology is transforming every sector, giving rise to a future full of possibilities. According to the study, which surveyed more than 4,000 respondents in 18 cities, 79% stated that India was prioritizing technology like Artificial Intelligence, the Internet of Things, and Blockchain to deliver a future-ready world. Approximately 83% believed technology they’d seen in science fiction movies is either already a part of their daily lives, or likely to be in the next few years. 

With the trend of technology-led change likely to continue, specific industries were identified as major drivers in shaping the cities of the future, with healthcare (35%), infrastructure and logistics (21%), and banking and finance (18%) believed to be leading the change.

Mohamad Sayegh, Vice President, India Operations for FedEx Express, said, “At FedEx we have a legacy of innovation spanning several decades, and we constantly innovate to create solutions for the world in responsible and resourceful ways.

With the shift towards digital transformation accelerating, innovations and cutting-edge technologies with a focus on sustainability are poised to drive the future of business. Further progress in Blockchain, IoT, Automation, and Robotics is not only going to lead the way for the logistics industry, but all industries in the future.”

The ‘Future is Now’ study focused on three main views: being dynamic, how India is open to experimentation and innovation, and to what degree the country is sustainability conscious. The findings indicated that future success will likely rely on businesses structuring their approach around these three outlooks.

The future is dynamic

Regardless of industry, companies must monitor the pulse of their consumers, anticipate their needs, and stay one step ahead of their rapidly evolving expectations. The pandemic accelerated change in almost every aspect of life, from how we live and work, to how businesses interact with their customers, and how customers purchase products and services.

The FedEx study shows that businesses are already working to keep pace with this change, with about 87% respondents stating that over the past year, companies demonstrated their ability to understand ‘What’s next?’ and present possible solutions.

An openness to experimentation is indispensable to a future-ready mindset

India has jumped ranks in the Global Innovation Index and is home to a thriving start-up ecosystem that propels transformation with new ideas and solutions.

In an increasingly dynamic environment, success for businesses hinges upon pushing the envelope and fostering a culture of experiment-led innovation. A majority of 91% of those polled in the FedEx survey, believe that organizations, communities, or even individuals who experiment and adopt change are better equipped to navigate through future challenges.

A sustainable mindset isn’t a choice, but rather, a business imperative for success

Consumers today are growing more conscious of the impact their choices have on the world around them - whether it pertains to the environment or their communities. Even their purchasing decisions are increasingly influenced by their perception of an organization being sustainable and responsible. According to the FedEx study, three quarters (75%) agreed that individuals, communities, etc. that have a ‘futuristic’ outlook are more environmentally conscious. In fact, 71% of the respondents claimed that, as decision-makers in a futuristic business, sustainability would be crucial and their top priority.

The response from the study participants is clear: organizations must continue to re-evaluate and revamp their sustainability strategies to help ensure relevance to their customers and resilience for the long term.

As the world keeps evolving, technology and trends will likely drive changes in lifestyle, behaviors and attitude. For both businesses and individuals, embracing a future that offers endless possibilities and having a mindset that is dynamic, experimental, and sustainable will be imperative to staying one step ahead of the curve.

FedEx ‘Future is Now’ study* Methodology

The above findings are based on research fieldwork conducted by Innovative Research Services (India) Pvt. Ltd., Mumbai, through face-to-face and telephonic interviews with 4,210 respondents in 18 Tier 1 and Tier 2 cities. Out of these 18 cities, nine are Tier 1 cities which include Ahmedabad, Bengaluru, Chennai, Delhi, Hyderabad, Kolkata, Mumbai, Pune, and Secunderabad, while the other nine are Tier 2 cities which include Coimbatore, Dehradun, Gurgaon, Jaipur, Kochi, Lucknow, Surat, Udaipur, and Varanasi. Respondents included a representative sample of people from the above cities aged between 18-60 years.

About FedEx Express

FedEx Express is one of the world's largest express transportation companies, providing fast and reliable delivery to more than 220 countries and territories. FedEx Express uses a global air-and-ground network to speed delivery of time-sensitive shipments, by a definite time and date.

About FedEx Corp.

FedEx Corp. (NYSE: FDX) provides customers and businesses worldwide with a broad portfolio of transportation, e-commerce and business services. With annual revenue of $87 billion, the company offers integrated business solutions through operating companies competing collectively, operating collaboratively and innovating digitally under the respected FedEx brand. Consistently ranked among the world’s most admired and trusted employers, FedEx inspires its 560,000 team members to remain focused on safety, the highest ethical and professional standards and the needs of their customers and communities. FedEx is committed to connecting people and possibilities around the world responsibly and resourcefully, with a goal to achieve carbon-neutral operations by 2040. 

LTI Becomes Microsoft Azure Expert Managed Services Provider

Larsen & Toubro Infotech Ltd. (BSE: 540005, NSE: LTI), a global technology consulting and digital solutions company has become a Microsoft Azure Expert Managed Services Provider. This recognition signifies LTI’s expertise in Azure capabilities to help clients accelerate their digital transformation journey.

The Managed Services Provider (MSP) program is a global initiative launched by Microsoft that enables its leading partners to differentiate by proving real-world proficiency and skills in data and cloud competencies. The Azure Expert MSP Program further strengthens LTI’s position as a trusted advisor that can offer repeatable, highly automated solutions to enable and support hyperscale cloud implementations for customers.

Sanjay Jalona, Chief Executive Officer and Managing Director, LTI, said: “LTI has been investing in building capabilities and strong alliance with industry-leading platform and solution providers. We are proud of our recognition as a Microsoft Azure Expert MSP. Our Microsoft Azure expertise makes us the preferred partner for customers looking to embrace cloud-based transformation.”

This recognition will provide customers an access to expert level service, a broader range of Azure services from IaaS to PaaS migrations, and wide-ranging benefits based on LTI’s collaboration with Microsoft.

Rodney Clark, Corporate Vice President, Global Partner Solutions, Channel Sales and Channel Chief, Microsoft, said: “As our customers move to Microsoft Azure to host their strategic datacenter solutions, it is critical that they have the support of experienced service providers to guide and support them in that journey. LTI’s designation as a Microsoft Azure Expert MSP recognizes their proven ability to seamlessly deliver the managed services our customers demand at scale across the globe.”

Through this recognition, LTI finds a place among the top Microsoft partners with the Azure Expert MSP badge. Over 150+ LTI associates contributed to successful completion of the robust external audit process by an independent third-party to achieve this badge. The rigorous process completed over last 12 months included customer demos and evidence and 120+ controls in the audit checklist of more than 15 diverse areas such as Managed Services, Migration, Security and Governance.

About LTI

LTI (NSE: LTI) is a global technology consulting and digital solutions Company helping more than 460 clients succeed in a converging world. With operations in 33 countries, we go the extra mile for our clients and accelerate their digital transformation with LTI’s Mosaic platform enabling their mobile, social, analytics, IoT and cloud journeys. Founded in 1997 as a subsidiary of Larsen & Toubro Limited, our unique heritage gives us unrivalled real-world expertise to solve the most complex challenges of enterprises across all industries. Each day, our team of more than 40,000 LTItes enable our clients to improve the effectiveness of their business and technology operations and deliver value to their customers, employees, and shareholders. Find more at http://www.Lntinfotech.com or follow us at @LTI_Global.

Attacks Surge In 1H 2021 As Trend Micro Blocks 41B Cyber Threats

* In India, the company blocked a total number of 1,11,028 email spam, malicious URLs and malware 

Global cybersecurity leader Trend Micro Incorporated (TYO: 4704; TSE: 4704) announced that it blocked 40.9 billion email threats, malicious files, and malicious URLs for its customers worldwide in the first half of 2021, a 47% year-on-year increase. In this period, the company detected and blocked a total number of 1,11,028 email spam, malicious URLs and malware, in India.  

Globally, ransomware remained the standout threat in the first half of the year as cyber criminals continued to target big-name victims. Working with third parties to gain access to targeted networks, they used Advanced Persistent Threat tools and techniques to steal and encrypt victims’ data. In India, the total ransomware threats for 1H 2021 stands at 12.98%, the second highest in Asia after China. 

The banking industry was disproportionately affected, experiencing a 1,318% year-on-year increase in ransomware attacks in the first half of 2021, globally. The total number of online banking malware detected by Trend Micro in India is 4497, in 1H 2021. 

Trend Micro’s report also reveals: 

Business email compromise (BEC) attacks increased by 4%, potentially as a result of new COVID-19 opportunities for threat actors. 

Cryptocurrency miners became the most detected malware, having surged ahead of WannaCry and web shells in recent months. 

The Zero Day Initiative detected 770 vulnerabilities, a slight (2%) drop from 1H 2020. 

A total of 164 malicious apps related to COVID-19 scams were detected, 54% of which impersonated TikTok. 

“The first step towards effectively mitigating cyber risk is understanding the scale, complexity, and specific characteristics of the threat landscape,” said Vijendra Katiyar, Country Manager, India & SAARC, Trend Micro. “In addition to comprehensive protection against fast-evolving threats like ransomware, phishing and BEC that Trend Micro offers, our biannual roundup reports provide global organizations and stakeholders invaluable insights to help them build a more secure connected world.” 

The report’s overall findings highlight the effectiveness of – and increasing need for – a holistic and scalable cybersecurity solution at the enterprise level. As threats continue to increase in frequency and sophistication, enterprise SOC teams will require a platform that can streamline security processes without sacrificing reliability. 

To read a full copy of the report, Attacks from All Angles: 2021 Midyear Security Roundup, please visit: https://www.trendmicro.com/vinfo/us/security/research-and-analysis/threat-reports/roundup/attacks-from-all-angles-2021-midyear-security-roundup. 

About Trend Micro 

Trend Micro, a global cybersecurity leader, helps make the world safe for exchanging digital information. Fueled by decades of security expertise, global threat research, and continuous innovation, Trend Micro's cybersecurity platform protects hundreds of thousands of organizations and millions of individuals across clouds, networks, devices, and endpoints. As a leader in cloud and enterprise cybersecurity, the platform delivers a powerful range of advanced threat defense techniques optimized for environments like AWS, Microsoft, and Google, and central visibility for better, faster detection and response. With 7,000 employees across 65 countries, Trend Micro enables organizations to simplify and secure their connected world. www.TrendMicro.com.

QuEST Global Expands Its Leadership Team, Appoints Aidan Quilligan As President Of Corporate Development

* Aidan is a seasoned leader in Industrial Digital Transformation and M&A strategy, bringing over three decades of experience working at Accenture. 

QuEST Global, a global product engineering and lifecycle services company, announced the appointment of Aidan Quilligan as President, Corporate Development. Aidan will be responsible for identifying and pursuing acquisitions that strengthen the company’s verticals, add substantial new capabilities, and aid execution of the corporate plan to become a multi-billion-dollar company. He will be based out of UK and will report directly to Ajit Prabhu, Chairman & CEO, QuEST Global.

M&A plays a key role in strengthening QuEST’s vertical growth strategy and helping to achieve the organization’s long-term growth plans. Aidan will take ownership of identifying and executing these deals. Once finalized, he will plan and execute their integration within QuEST and will provide leadership to both QuEST and acquired entities to advance their collective businesses. 

Aidan brings in more than three decades of experience working with Accenture. His most recent role focused on Industrial Digital Transformation (the Industry X business). Aidan was Global Managing Director of Industry X, where he led the establishment and growth of this new business to reach sales and revenues of multi-billion dollars. The business focused on the application of digital technology to the core of industry – Product Engineering, Manufacturing, Production, Operations and Service, across many verticals.

Welcoming Aidan into the company, Ajit said, “It is a pleasure to have Aidan on board and be part of our growth story. His in-depth understanding of opportunities in Intelligent Products and Platforms, IoT, and Digital technologies applied to Engineering, Manufacturing, and Production, will help in driving growth opportunities for QuEST. His extensive experience in M&A will play a crucial role in strengthening our verticals and aid in meeting our long-term growth plans. I wish him a very successful journey with QuEST Global.”

Commenting on his appointment, Aidan said, “This is an exciting time to join QuEST and help accelerate the organization’s growth. The company is leading the convergence of mechanical, electronics, software, and digital engineering innovations to engineer solutions for a safer, cleaner, and sustainable world. QuEST’s impressive ecosystem of partners and a notable client portfolio with in-depth domain experience offers a great market opportunity and I look forward to utilizing my experience in helping QuEST accelerate its growth journey.”

About QuEST Global

For more than 24 years, QuEST Global has been a trusted global product engineering services partner to many of the world’s most recognized companies in the Aerospace & Defense, Automotive, Energy, Hi-Tech, Healthcare and Medical Devices, Rail and Semiconductor industries. With a presence in 13 countries, 54 global delivery centers and 11,500+ personnel, QuEST Global is at the forefront of the convergence of the mechanical, electronics, software and digital engineering innovations to engineer solutions for a safer, cleaner and sustainable world. QuEST Global’s deep domain knowledge and digital expertise help its clients accelerate product development and innovation cycles, create alternate revenue streams, enhance consumer experience and make manufacturing processes and operations more efficient.

Snap Inc. Announces Reaching 100 Million Snapchatters In India

* At “Snap in India 2021” event, Snap Inc. commits to India-focused investments to further strengthen localised experiences for Snapchatters, Creators and Partners~   

Snap Inc. today virtually hosted the second edition of “Snap in India” to celebrate Snap’s growing community of Indian partners, creators, brands, storytellers and Snapchatters.  

At the event, Snap Co-Founder and CEO Evan Spiegel announced the milestone of reaching 100 million Snapchatters monthly in India, and overviewed the consistent localisation efforts and innovations driven by the Snap team in India

“We have made significant investments to localize the Snapchat experience for the Indian community. We have added culturally relevant content, developed highly active and creative local creator communities, and invested in local products, marketing initiatives, and language support,” said Evan Spiegel.

“Following these efforts to bring a localized experience to Indian Snapchatters, we now reach 100 million Snapchatters monthly in India. We will continue to anchor our efforts around celebrating local culture and talent, while empowering, growing, and providing resources for our community of Indian creators.”

Bobby Murphy, Snap Co-Founder and Chief Technology Officer, highlighted the importance of Augmented Reality (AR) experiences on Snapchat that have helped the company engage with partners, creators, and Snapchatters around the country:

“Augmented reality is at the core of Snapchat’s offerings in India. Our efforts to stay culturally relevant and offer unique AR experiences have resonated with 100 million Indian Snapchatters. We have worked towards empowering students and youth with essential AR Skills through workshops and lensathons,” said Bobby Murphy. “We aim to partner with more local creators in India to grow the number of incredible experiences available to Snapchatters. At Snap, our intent is to make AR more accessible, useful and practical than ever before.”

KEY HIGHLIGHTS FROM SNAP IN INDIA 2021

BUILDING STRATEGIC BRAND PARTNERSHIPS

Snap’s partners have played an instrumental role in developing localised experiences for India.

Snap announced a strategic partnership with India's homegrown e-commerce marketplace, Flipkart, to develop innovative AR experiences for eCommerce. This will be an India-first eCommerce partnership for Snap, and Snap’s Camera Kit will be an integral part of Flipkart’s “Camera Storefront”. Through this partnership, shoppers will be able to begin their shopping and eCommerce engagement journey through Snapchat  AR, making the process easy from the comfort of their homes!

Snap is enabling virtual try-ons for Snapchatters, as Sugar Cosmetics and MyGlamm have adopted Snap’s AR shopping beta program to offer virtual beauty and makeup try-on experiences to consumers.

Samsung Mobile launched a unique “Fun Mode” feature to bring some of Snap’s AR-powered Lenses to their native camera app, and extended this partnership locally with their “Made in India” M Series smartphones.         

India is now the first and only market where Snapchat has distribution partnerships with all the top Android OEMs (Original Equipment Manufacturers), which total over 100 million devices in India. By pre-installing Snapchat on devices, Snap reduces friction for on-boarding new Snapchatters, encouraging them to try the app as an engaging new way to visually communicate with their friends.

Snap Map, which serves as a personal map to each Snapchatter’s surroundings, connecting people and places, has entered into a partnership with Zomato. This is the first Snap Map partnership in India, and Snapchatters will have access to restaurant information and be able to place food orders right from their personal Map on Snapchat.

Snap will launch a free, early-stage founder focused program in India: Yellow Tree Bootcamp. This will serve as an intersection of creativity and technology, bringing together experts from Snap and the Indian startup community to discuss fundraising, operations, growth, including how to leverage tools like Snap Kit and Snapchat Ads Manager to grow.

India is the second largest and fastest growing market for Bitmoji, Snap’s personalized emoji app, with the Bitmoji library constantly evolving in India with new localized content. The Bitmoji “Holi Hai” filter was the #1 Snapchat geofilter in India during Holi in 2021. 

Select OnePlus devices, including the OnePlus 9R, includes a Bitmoji “always-on display” feature that helps liven up the ambient display with the user’s personal Bitmoji avatar. Josh, a leading Indian short video app, enables users to add Bitmoji stickers to videos, use Bitmojis as profile pictures and in the comments section to express themselves.

CONTENT PARTNERSHIPS

Snap has curated made-for-mobile shows with a commitment to offer entertaining, local content.

Snap launched the localized Hinglish version of one of the most popular Snap Originals ‘Phone Swap’ that has been watched by 16 million Snapchatters since its launch[1] and is one of the most-watched shows in India.

Snap also released a slate of Creator Shows, including What’s On My Plate feat. Anushka Sen and Vir Das’ and The Most Epic Max Show, and a combined 16 million viewers have watched both the shows![2]

Snap has steadily increased offerings of local content to the Indian community through partnerships with leading channels. Today, Snapchat’s “Discover” content section has 70 local Indian channels[3] across news, fitness, fashion, entertainment and comedy, publishing premium content on Snap in 2021 -- more than 200% over Q2 of 2020.[4]

This has led to total daily time spent by Snapchatters in India watching Shows and publisher content increasing by 150% year-over-year (Q2 ‘21 vs. Q2 ‘20)[5], with over 125 million unique viewers having watched a show in India on Snapchat.[6]

To strengthen its commitment to offer relevant content to Indian Snapchatters, Snap is doubling down on Original series in India with fresh, original, exclusive, local content to watch and enjoy, and has commissioned over 120 episodes of new content for 2022! [7]

Snap has also partnered with some of India’s leading entertainment channels, including Sony Entertainment Television and Zee TV, to offer curated content that is popular amongst Indians.

Snap will present two new seasons of “Phone Swap India” -- featuring new surprise celebrity guests!  And to continue investment in the creator community, Snapchat will launch exclusive Creator Shows featuring top creators Shehnaaz Gill, Avneet Kaur, Harsh Beniwal and Sushant Divgikar.

Viewers will also be able to enjoy entertaining content from popular creators - Ruhi Singh, Adnan Shaikh, Samiksha Sood, and Vishal Panday, whose series ‘Retro Rewind’ premieres on Snapchat today, starting 27th October.

AUGMENTED REALITY AND DIGITAL UPSKILLING 

The Snapchat Camera links the digital and physical worlds, bringing together the creativity and utility of computing and the remarkable world around us through the power of Augmented Reality.

To celebrate the diversity and festive spirit in India, Snap created festive AR Lenses for 75 local festivals[8], and introduced over 350 hyperlocal geofilters across cities[9] to help Snapchatters engage with their communities at a hyperlocal level.

To celebrate Independence Day this year, Snap brought the India Gate to life with the third Landmarker Lens in India -- after the Taj Mahal and the iconic Gateway of India.

Snap is committed to democratizing the ability to use and create augmented reality, and Snap’s Lens Studio is a powerful, accessible to all application that helps people create AR experiences. Local Lens Studio workshops have helped students to create shared experiences and express their ideas in compelling ways.

Snap has conducted Lens Studio workshops to teach AR to over 5000 students[10] from different schools and colleges across India including IIT & SIES - Mumbai, NIFT - Hyderabad, Pearl Academy - Delhi, Krishna Public School - Raipur, Punjab Engineering College, Christ University - Bangalore and more.

Snap also partnered with Navjyoti India Foundation and leading skill acceleration platform Skillenza to host a special Lens Studio workshop for International Women’s Day earlier this year. This introduced young women from across the country to augmented reality and other emerging digital skill sets.

GROWTH & MONETISATION

Snap India has been rapidly expanding its monetisation capabilities to cater to businesses of all shapes and sizes, and now Snap serves a wide variety of advertiser objectives across the marketing funnel.

Snap has also assembled best-in-class measurement tools to help advertisers track key metrics spanning conversions, to purchases, to sign-ups.

All of these have helped Snap in India see an increase of net new advertisers by 70% in 2020[11], from sectors including FMCG, eCommerce, Entertainment, Video streaming, Mobile wallets, Tech OEM’s and more. In the past year, Snap worked with ITC Yippee Noodles, Intel Evo, LG, OnePlus, Spotify, Swiggy, and more.

SNAP GAMES

Games have redefined how Snapchatters connect on the app resulting in more exciting shared experiences.

In a collaboration with Mojiworks for one of Snap’s most popular games - ‘Ready Chef Go!’ - Snap introduced a localised challenge called ‘Dosa Dash.’ This introduction of ‘Dosa Dash’ to ‘Ready Chef Go’ led to twice the number of players, matches, and overall engagement in India. With this success, Snap will be partnering further with Mojiworks to implement India-themed trivia in their second hit game, ‘Trivia Party’.

Snap also partnered with Moonfrog Labs to launch Ludo Cub, which in six months has been played by over 27 million Snapchatters, with nearly 30% of them coming from India. Snap will now introduce ‘Carrom,’ another classic multi-platform social board popular amongst Indians.

EMPOWERING INDIA’S CREATOR COMMUNITY

Snap is focused on growing the community of creators in India, and has introduced features like Gifting and the Creator Marketplace to empower them.

With the launch of Spotlight, Snap empowered a new generation of creators to make their way to center stage, with their passions and talents on full display. Since its launch in India in March 2021, the daily Spotlight story view time has quadrupled[12]. Innovating and improving Spotlight continues to be a focus with addition of new features like the Trending Page.

Beyond Spotlight, emerging and established Creators are thriving on Snapchat and meaningfully growing their audiences as they connect with fans through Public Stories, Shows and Snap Originals on Discover. The Indian Snap Star community has grown extensively with 300 Snap Stars since 2020.[13] Indian creators have an opportunity to syndicate their existing shows on Discover, giving their content a new audience via Snapchat.

Snap Stars in India now have access to Gifting, a new monetisation opportunity which will allow Snap Stars to receive a share of the revenue from Gifts they receive from their fans through Story Replies.

Snap also recently launched Creator Marketplace, which allows brands to connect with creators directly and pay them to produce branded content with 100% of the transaction going to the creator. AR Lens Creators in India are currently participating, and it will be rolling out to Snap Stars in India soon.

From Spotlight to Discover, to Gifting and the Creator Marketplace, Creators in India have actively used new offerings to use Snap’s content and product offerings to establish deeper connections with fans.

About Snap Inc.

Snap Inc. is a camera company. We believe that reinventing the camera represents our greatest opportunity to improve the way people live and communicate. We contribute to human progress by empowering people to express themselves, live in the moment, learn about the world, and have fun together. For more information, visit snap.com.

Solve.Care And AliveCor Partner To Connect KardiaMobile Users With Physicians On Global Telehealth Exchange

* Collaboration provides KardiaMobile users quick access to doctors worldwide for consultations about their ECG readings

Solve.Care announced today that they have partnered with AliveCor to enable users of AliveCor’s KardiaMobile devices and services to easily book teleconsultations with physicians on the Global Telehealth Exchange (GTHE) network. Through this partnership, physicians on the network will be able to seamlessly access users’ KardiaMobile electrocardiogram (ECG) readings, upon their consent. The KardiaMobile 6L device is the first and only six-lead personal ECG cleared by the US Food and Drug Administration (FDA). It detects more arrhythmias than any other personal ECG device. GTHE is an open global cross-border telehealth network that enables doctors and patients to connect worldwide.

The partnership will see KardiaMobile devices integrated with Solve.Care’s blockchain platform to enable its users to connect with a physician on GTHE directly through the Kardia app to share their ECG readings during their teleconsultations. As physicians have access to previous ECG readings stored by KardiaMobile, this will provide physicians with a more complete understanding of the patient's symptoms to facilitate more effective ongoing care.  As GTHE is built using blockchain technology, all data is fully secured and remains in control of the patient.

Conversely, GTHE patients can purchase KardiaMobile devices directly in their Care.Wallet using SOLVE tokens, Solve.Care’s native digital currency that is used to pay for healthcare services. Care.Wallet is Solve.Care’s healthcare management app (available in the Apple App Store and Google Play Store) that is used to access various healthcare networks, including GTHE.

The agreement facilitates greater access to care, widening their choice of instantly booking a tele-consult with any specialized physician throughout the world directly through their mobile devices.

Mark Bogart, Senior Vice President, U.S. Healthcare, AliveCor said, “Our partnership with Solve.Care is important to us as it provides an additional layer of peace of mind to our KardiaMobile users who wish to connect with physicians through the Solve.Care Global Telehealth Exchange network.”

Pradeep Goel, CEO of Solve.Care said, “The healthcare industry is rapidly moving towards digitization. But we should never lose sight that the end-goal of healthcare is to improve the quality of life for the patient. This collaboration will immensely improve the quality of care for users of Care Networks on the Solve.Care Platform. With easy access to patients’ ECG readings, physicians can provide better care to patients on GTHE, as well as the Diabetes Care Network, as patients with type 2 diabetes are at greater risk of cardiovascular diseases.

GTHE was recently launched in India in September 2021, with HealthLink Technologies as the official distributor. This partnership announcement is welcome news to the over 260 million heart patients, and those at risk, enabling them to directly connect and have a tele-consult with a doctor for their ECG readings, without having to visit a hospital.

This service is expected to be made available to the market in Q1 of 2022. GTHE is currently available in 27 countries and growing. Users can access GTHE via Care.Wallet, downloadable at the Apple App Store and Google Play Store.

Birlasoft: Broad-Based Revenue Performance In Q2 Of 2021-22

 

BUY

CMP: Rs400  |  Target Price: Rs520

■    Birlasoft's Q2FY22 operating performance was a tad better than expectations. Revenue grew 6.6% QoQ to USD136.9mn. EBITM declined 90bps QoQ to 13.1% due to salary hike, increase in subcontracting costs, investment in capabilities and higher recruitment costs.

■    Revenue growth was broad-based and was driven by the BFSI (10.3% QoQ), Lifesciences (10.3%), Manufacturing (4.7%) and E&U (2.3%) verticals. Management expects broad-based revenue growth momentum to continue in the coming quarters.

■    The company signed deals of TCV USD140mn in Q2, including net new TCV of USD104mn. Management indicated that net new ACV growth remains robust, although reported net new TCV remained flat YoY in H1. The deal pipeline grew by 50% YoY in Q2.

■    We raise our FY22E/FY23E/FY24E EPS by 0.1-1.6%, factoring in Q2 performance. We maintain Buy with a revised Sep'22 TP of Rs520 at 25x Sept'23E EPS (Rs500 earlier), on strong earnings momentum (26% EPS CAGR over FY21-24E) and reasonable valuations.