WALLIX Appoints Osiglobal IT Distribution As A Value-Added Distributor (VAD) In India

WALLIX, a leader in the Privileged Access Management (PAM) market and the first European cybersecurity software vendor to be publicly traded, today announced that it has appointed Osiglobal IT Distribution as its business partner for India market.

OSI GLOBAL IT DISTRIBUTION is part of OSI INFOTECH LLC(Dubai) group of companies, a leading Security specialized Value-Added Distributor in the Middle East & India region.

Talking about the partnership, Afi Hashim, Regional Manager- Middle East & INDIA, WALLIX said, ‘’Over the last few years, Privileged Access Management Solution has grown rapidly in INDIA. We are excited to collaborate with OSI Global IT Distribution which brings on board immense experience, wide partner network and regional expertise to provide continuous and excellent value-added services to our channel partners and customers. Our aim is to have a good penetration across different verticals and across different market segments in India.”

Mr. Keerthi Kumar, Sales Director- INDIA - OSI Global IT Distribution shares “At OSIGLOBAL ITD, we are keen to create the best products for our channel partners & end-customers. To do this, we count on reliable OEMs with innovative solutions; and that is exactly what WALLIX brings to the table. This partnership allows us to extend the European Leader in Privileged Access Management solutions available to all our Channel Partners & Enterprise End-Customers in INDIA.”

As a leader in the Privileged Access Management (PAM) market and with a strategy based on innovation, agility and the capability to respond to emerging market needs, WALLIX offers a unified solution tailored to meet the specific needs of its customers: WALLIX PAM4ALL.

WALLIX PAM4ALL ensures compliance with the latest IT security standards and protect against cyber-attacks, theft and data leaks linked to stolen credentials and elevated privileges to sensitive company assets.

WALLIX is named a Leader in the 2022 Gartner® Magic Quadrant™ for Privileged Access Management https://www.gartner.com/doc/reprints?id=1-2AN99H9P&ct=220722&st=sb

About WALLIX

A software company providing cybersecurity solutions, WALLIX is the European specialist in digital Identity and Access Security Solutions. WALLIX PAM4ALL, the unified privilege management solution, enables companies to respond to today's data protection challenges. It guarantees detection of and resilience to cyberattacks, which enables business continuity. The solution also ensures compliance with regulatory requirements regarding access to IT infrastructures and critical data. WALLIX PAM4ALL is distributed through a network of more than 300 resellers and integrators worldwide. Listed on the Euronext (ALLIX), WALLIX supports more than 1900 organizations in securing their digital transformation. WALLIX is a founding member of the HEXATRUST group and has been included in the Futur40, the first ranking of growth companies on the stock exchange published by Forbes France and is part of the Tech 40 index.

WALLIX affirms its digital responsibility and is committed to contributing to the construction of a trusted European digital space, guaranteeing the security and confidentiality of data for organizations as well as for individuals concerned about the protection of their digital identity and privacy. Digital technology, whether for professional or personal use, must be ethical and responsible in order to pursue a secure societal digital transformation that respects individual freedoms.

www.wallix.com | info@wallix.com

“It Is About Time That We Celebrate Our Skill Champions” : Rajeev Chandrasekhar, MoS, MSDE

* Team India gets a big send-off for 46th WorldSkills Competition: 58 candidates to compete in 52 skills across 15 countries 

A strong 58-member Indian contingent was given a grand ‘Vijayi Bhava’ send-off ceremony in the capital today as they gear up to compete against the best in the world at WorldSkills Competition 2022, the biggest skills competition in the world. The competitors will be showcasing their skills in 52 trades across 15 countries in Europe, Korea, Japan, and the USA.

In the current edition of the competition, Team India will compete in six new-age skills, including Industry 4.0, Robot System Integration, Additive Manufacturing, and Renewable Energy. The 58-member team has 19% women representation, indicating the rise in the stature of women including in skills that were earlier the preserve of men. All Indian competitors have undergone robust training to polish their skills with support of industries and academia like Toyota, Maruti, NIFT, Mahindra & Mahindra and more.

Addressing the candidates, Shri Rajeev Chandrasekhar, Hon’ble Minister of State for Skill Development and Entrepreneurship, Electronics and Information Technology, said, “I congratulate all competitors, representing states, parents and other supporters for setting new benchmarks in skilling. What we are witnessing today is true Yuva Shakti and we are all spectators of this great phenomenon called skilling that is propelling the economic wheels of our country. I am certain, that with the power of skills, we will soon witness India’s techade. Guided by the vision of our Hon’ble Prime Minister, Shri Narendra Modi, we have been able to create a globally competitive youth that is prepared to make India the Skill Hub of the World. The huge spectrum of skills on display today gives me reason to believe that we will have many skilling champions who we must celebrate.”

Lauding the hard work of students and trainers, Shri Atul Kumar Tiwari, Secretary, MSDE, said, “I wish all candidates the very best. The fact that we embraced big challenges including the pandemic is testimony to our resilience and grit. What we have seen in the national competitions strengthens our belief that we will get more glories for our nation in WorldSkills Competition 2022.”

Displaying extraordinary talent, Likith Kumar YP, candidate in the current Team WorldSkills India has already won a bronze medal in prototype modeling in the first leg of the WorldSkills Competition 2022 (WSC2022), held in Bern, Switzerland.

Various winners of past WorldSkills Competitions also addressed the India team, sharing their experiences of the largest skill competition and inspiring aspiring members to perform to the best of their abilities on the global stage. The 46th WorldSkills Competition will bring together more than 1,400 young professionals, representing over 60 countries. In 2019, from India, 48 candidates took part in WorldSkills International at Kazan, Russia. The team won one gold (Water Technology), one silver (Web technology), two bronze (Jewellery and Graphic Design Technology) and 15 medallions for excellence. 

Aditya Birla Sun Life Insurance Launches ABSLI Akshaya Plan

 

~ Provides a regular income from the end of 1st policy year ~

Aditya Birla Sun Life Insurance (ABSLI), the life insurance subsidiary of Aditya Birla Capital Limited (ABCL), announces the launch of a new-age savings solution ABSLI Akshaya Plan, a non-linked participating individual savings life insurance plan offering immediate liquidity option through Cash Bonus (if declared) facility. This plan provides the benefit of a comprehensive life insurance cover and a regular source of income to ensure the fulfilment of your family’s growing needs.

Key Features of ABSLI Akshaya Plan:

• Immediate Liquidity: Receive Cash Bonus (if declared) from the end of first policy year or as per the cash Bonus pay-out frequency chosen

• Choice of 2 Benefit Options - Flexibility to choose amongst Long Term Income and Whole-Life Income options.

• Flexible bonus pay-outs - Complete flexibility to receive Cash Bonus (if declared) or to accumulate it 

• Agility: Choice of varied premium payment terms and policy terms, to suit one’s requirements

• Customizable Benefits - Option to enhance the insurance cover through riders, which are available at a nominal extra cost

• Financial Security for your loved ones - Comprehensive life cover available for up to 100 years.

ABSLI Akshaya Plan enables the policyholder to draw cash bonus from the end of 1st policy year, providing a regular source of income. Furthermore, policyholders have the option to receive Cash Bonus (if declared) in annual, semi-annual, quarterly or monthly frequency and the same shall be payable at the end of the year, half-year, quarter or month, as the case may be.

Commenting on the launch of ABSLI Akshaya Plan, Mr Kamlesh Rao, MD & CEO, Aditya Birla Sun Life Insurance, said, “ABSLI Akshaya Plan will enable our policyholders to enjoy liquidity from the end of 1st policy year thereby providing them with necessary financial assurance, as well as covering them suitably in the advent of any eventuality. It gives the required cushion of a constant source of income, aiding the policyholder's goal of creating a secure future and a comfortable lifestyle for themselves and their loved ones. It is our constant endeavour at Aditya Birla Sun Life Insurance to help our customers with a life cover while addressing their savings needs as well.”

ABSLI Akshaya plan provides competitive returns with high flexibility. The plan comes with flexible premium payment terms and allows the policyholders to choose from a wide range of policy terms to fit individual needs. Also, they can avail the benefits of this plan on a long-term basis (25, 30, 35, 40 years) or whole life basis (till the age of 85 or 100).  Policyholders will have the flexibility to defer the declared Cash Bonus (if declared) and accrue them in the form of Accumulated Cash Bonus and can withdraw the same partly or fully at any point during the policy term. The policyholders can also switch between the bonus options, as per their convenience.

The maximum entry age to avail ABSLI Akshaya Plan is 55 years, while the minimum age is 30 days. Furthermore, the minimum annualized premium is Rs. 24,000 Policyholders can choose from multiple premium payment term options ranging from 6, 8, 10, 12 & 15 years.

Along with Cash bonus (if declared), a terminal bonus (if declared) may be payable on the death of the Life Insured or surrender or maturity, whichever is earlier.

Bring Home Your Favourite Acer Television At Attractive Prices This Festive Season

* Avail Great Prices On The Premium Range Of Acer Television With An In-Built Soundbar

Setting the mood for the festive season, Indkal Technologies has announced never seen -before prices on the entire range of Acer televisions. This includes the recently launched premium H and S Series with exceptional display features and unparalleled sound and out of the box Android 11 operating system. The new range of products are packed with next-generation features like Dolby Atmos and Vision ensuring customers an unparalleled visual experience with MEMC technology for smoother picture quality. The televisions are also equipped with Hi-Fi Pro audio system with a 60-watt sound output in the H series and a 50-watt soundbar on the 65-inch model that delivers an exceptional audio experience to consumers.  All of this is topped with an industry-leading comprehensive 3-year warranty on all the 4K-UHD models. The products are available through Amazon.in and through a large set of retail stores.  Also, a never seen before price was announced on the brand’s bestselling I Series.

During the sale period that starts from September 23, 2022, consumers can bring home the premium range of Acer televisions available in 32” HD, 43” UHD, 50” UHD, 55” UHD, and 65” UHD options, at a great price. The offer will continue till September 30, 2022, or until stocks last which the brand informed is limited.

Acer Television S-Series 

The Acer television S-Series Android 11 Smart LED TV is the latest generation of Acer televisions that come with an in-built soundbar providing users with an unparallel audio experience. Powered by Dolby Vision and Dolby Atmos, the smart television comes with an extraordinary 4K ultra high-definition display. The premium S-Series is packed with a plethora of segment-first features and connectivity options including Dual-band Wi-Fi, 2-way Bluetooth, 2 HDMI ports 2.1 (HDMI 1 supports eARC), and 2 USB ports 2.0 to connect hard drives or other USB devices.

Available in two screen size options – 32” HD and 65” UHD, the S-Series will be available at a starting price of Rs. 12,999 during the sale period. Consumers can also avail of additional bank discounts on select debit and credit cards.

Acer television H-Series 4K Ultra HD Android Smart LED TV

The H-Series is one of the most advanced Acer televisions, powered by Android 11. Available in a frameless design, the television comes in a premium metal finish shell body with matt finish metal stands offering consumers great value at a great price. Powered by Dolby Vision and Dolby Atmos, the H-Series is also packed with MEMC to create an immersive television viewing experience. Further, complemented by powerful 60W HiFi Pro speakers, H-Series has a gamut of features that allows customers to experience world-class television from the comfort of their homes.

The H-Series Android 11 Smart LED TV is available in 3 size options - 43”, 50”, and 55”. The 43” which is priced at ? 29,999 will be available at an attractive price of ? 25,999. The 50” variant is available for ? 28,999 and the 55” for ? 33,999. Consumers can also avail of additional bank discounts on select debit and credit cards during the sale period.

ABOUT THE ACER BRAND  

Established in 1987, the Acer brand empowers people with the technology to make their mark and the freedom to live their desired lifestyle. Acer-branded products strive to make technology accessible to everyone.  

ABOUT INDKAL  

Indkal Technologies Private Limited is a technology and innovation company based out of Bengaluru. Indkal excels in delivering, high-quality and revolutionary products across a wide spectrum of consumer electronics appliances and products. Founded in the year 2020, the company’s mission is to provide prudent, high-quality, and contemporary alternatives to the growing Indian consumer market.  

Accenture’s Q4 Results Read-Through: In-Line Q4; FY23 Revenue Growth Guidance Remains Healthy Amidst Macro Backdrop

* In-line revenue; Record order booking in the outsourcing business: Accenture's (ACN) revenue rose by 15% YoY to USD15.4bn (22.4% in local currency or LC) in Q4, closer to mid-point of management's guidance in LC. For FY22, revenue grew by 22% YoY to USD61.6bn (26% in LC) and was at the mid-point of the guided range of 25.5% to 26.5% growth. ACN continued to see healthy, broad-based demand across industries, services, and markets and gained market share (2x growth compared to the market), resulting in healthy overall operating performance and strong order booking. ACN posted double-digit growth in Song and very strong double-digit growth in Cloud, Industry X, and Security in Q4. Strategy and Consulting reported double-digit growth, while Technology and Operations reported very strong and strong double-digit growth, respectively, in Q4. Consulting revenue grew 14% YoY to USD8.3bn, while Outsourcing revenue grew 16% YoY to USD7.1bn. New bookings in Q4 were the second highest ever at USD18.4bn (22% YoY, book-to-bill 1.2x). Order booking was at record high in outsourcing, while it was relatively soft in consulting. Consulting bookings stood at USD8.4bn (6% YoY, book-to-bill 1.0x) and outsourcing bookings stood at USD9.9bn (41% YoY, book-to-bill 1.4x). The operating margin increased by 10 bps YoY to 14.7% in Q4. Quarterly annualized voluntary attrition was stable at 20% QoQ. The company added 10,947 employees in Q4, taking the headcount to 721,379 (1.5% QoQ/15.6% YoY).

* Broad-based growth across verticals: Growth in Q4 was driven by Products (25% in LC), CMT (23% in LC), Financial Services (22% in LC), Resources (21% in LC), and Health and Public Services (19% in LC). ACN continues to see healthy demand across its verticals and expects to sustain broad-based growth momentum in the coming quarters.

* FY23 revenue growth guidance of 8-11%: ACN has guided for revenue growth of 8-11% in LC in FY23 (organic 5.5-8.5%). The guidance assumes a negative 6% foreign exchange impact on USD revenue. The operating margin is expected to expand by 10-30bps to 15.3-15.5%. ACN expects Q1FY23 revenue to be USD15.2-15.75bn, assuming negative 8.5% foreign exchange impact (10-14% YoY in LC). The company expects OCF and FCF to be USD8.5-9bn and USD7.7-8.2bn, respectively.

* Earnings call takeaways: 1) ACN expects consulting to grow in high single digit to double digit and outsourcing to grow in double digit in FY23; 2) ACN has highlighted five forces of change, which will drive demand for the next decade - a) total enterprise reinvention, b) talent management, c) sustainability, d) metaverse continuum, and e) ongoing tech revolutions; 3) Clients are seeking compressed transformation amid uncertainties and, thus, managed services have become increasingly important as companies are looking to move faster to leverage digital platforms and talent; 4) ACN continues to gain market share and is currently growing at 2x market growth; 5) ACN has spent ~USD3.4bn on 38 acquisitions, USD1.1bn on R&D, platforms and industry solutions, and USD1.1bn on training and development in FY22; 6) FY23 revenue growth guidance assumes ~2.5% contribution from M&As; 7) ACN has signed deals worth over USD100mn with 26 clients in Q4 (100 clients in FY22 vs. 72 in FY21); 8) Management indicated that order pipeline remains strong even after the second best record bookings in Q4. The company expects seasonally soft bookings in Q1.

* Read-through for Indian IT peers: ACN's Q4 operating performance was in line with management's guidance, although it missed the level of outperformance witnessed in the past few quarters. The company has indicated broad-based demand and guided 8-11% LC (organic 5.5-8.5%) growth for FY23. Outsourcing order booking was at record high in Q4 at USD9.9bn (1.4x book-to-bill in Q4; grew 18% YoY in FY22). Strong order booking and double-digit LC growth outlook for the outsourcing business augur well for Indian IT peers. ACN saw attrition stabilizing sequentially in Q4 but expects tight labor situation and wage inflation to persist in FY23. Clients have become more amenable to price increases amid strong demand for tech skills and tight labor markets, which should support margins. Demand momentum has moderated a bit due to macro weakness but remains resilient, which should alleviate any concerns of sharp fall in demand. Our pecking order is INFO, HCLT, WPRO, TECHM, and TCS among Tier-1 companies, and MTCL, LTI, PSYS, MPHL, FSOL, ECLX, and BSOFT in mid-cap companies.

Ageas Federal Becomes The “First Life Insurance Company” In India To Have 74% Stake Held By A Foreign Shareholder

* Belgium-based, Ageas Insurance International NV completes the acquisition of remaining 25% stake from IDBI Bank taking its overall stake to 74% 

Leading Indian life insurer, Ageas Federal Life Insurance announced that it has become the first life insurance company in India to have 74% stake held by a foreign partner. Its Belgium-based shareholder, Ageas Insurance International NV has completed the acquisition of the remaining 25% stake from IDBI Bank, taking its overall stake to 74% from the earlier-held 49%. Federal Bank continues to hold 26% stake in the joint venture. IDBI Bank exits as a shareholder but remains as a distribution partner. 

Speaking on the shareholding change, Mr. Vighnesh Shahane, MD & CEO, Ageas Federal Life Insurance said, “Further to the announcement by our Hon’ble Finance Minister in the Union Budget 2021 to increase the permissible FDI limit from 49% to 74% in insurance companies, we are proud to become the first life insurance company in the country to have 74% stake held by our foreign shareholder, Ageas.” 

“Despite the various challenges due to the pandemic, as well as the prior uncertainty around the stake sale, we have consistently delivered superior results, achieved new milestones, and declared profit for ten consecutive years. With the continuing support of our shareholders – Ageas and Federal Bank, we are confident that the next chapter of our transformative journey will bring even more success and growth for the organisation,” Mr. Shahane added. 

Founded in 2007, Ageas Federal is one of India’s most trusted life insurance companies, recording ten consecutive years of profit since it first declared profit in FY2012-13. Ageas Federal’s total premium rose by 13% to INR 2,207 crore in FY 2021-22 driven by a 27% rise in Individual New Business Premium and 5% rise in renewal premium. It declared a net profit of INR 94 crore in FY 2022.  

Renowned cricketer, Sachin Tendulkar has been the organisation’s brand ambassador since 2018. With a commitment to creating an exceptional employee experience, Ageas Federal has been recognised as a Great Place to Work® for the fourth consecutive time and has also featured among ‘India’s Best Workplaces in the Insurance sector’ by Great Place to Work® Institute (India) in 2021. Additionally, the organisation was recognised as one of ‘India’s Top 15 Best Employers’ in 2021 by Kincentric.  

NueGo Announces Expansion Of Its Services Across 6 Cities Of South India

* Coaches to ply on the Hyderabad – Suryapet – Vijayawada and Bengaluru – Chittor – Tirupati routes  

* Offering the experience of a ‘Premium Electric AC Coach’ with Safety, Punctuality, and convenience  

NueGo, India’s first premium electric inter-city coach services brand, has announced the expansion of its services to the southern region of India, starting with Karnataka and Telangana. The coaches will soon be plying on the Hyderabad-Suryapet-Vijayawada and on the Bengaluru-Chittor-Tirupati routes. Aimed at the new age traveler, NueGo, the flagship inter-city pan Indian electric mobility coach brand of GreenCell Mobility, will deliver an easy booking experience, exceptional ride quality and in-cabin experience for the inter-city travellers while ensuring a safer and greener ride.    

On the Hyderabad- Suryapet-Vijayawada route the boarding points for the coaches would be BHEL Crossroads, Miyapur Crossroads, KPHB, Kukatpally, S R Nagar, Ameerpet, Lakdikapool, LB Nagar, Hotel Sai Krishna (Suryapet) and at Patamata, NTR Circle, Benz Circle, Hanumanpet and Ibrahimpatnam stops in Vijayawada. While on the Bengaluru-Chittor-Tirupati route the major boarding points are Majestic, Anand Rao Circle, HSR layout, K R Puram Railway Station, Hoskote, Kolar, Palamner and Tirupati.  

A customer centric brand, NueGo coaches go through 25 stringent safety checks including mechanical and electrical inspections. The coaches are sanitized before every trip and coach pilots go through breath analyzer tests. NueGo services feature live coach tracking, drop point geo-location, and monitored in-coach CCTV surveillance. These electric coaches can run 250 kilometers in a single charge, with the air conditioners on, in traffic conditions.  

NueGo has well trained & courteous staff, offers premium lounges in selective cities, and will offer customer assist & luggage management services. In addition, the services will offer curated F&B menu at the lounges and on board with on-time performance.  

Speaking on the occasion, Satish Mandhana, Director, GreenCell Mobility said,  

“NueGo aims to promote usage of sustainable public transportation with zero tail pipe emission on the inter-city routes throughout the country. With the launch of our services in the southern cities we aim to provide our guests a holistic travel experience.” 

NueGo coaches are fitted with innovative technology and offer end to end convenience for inter-city travellers with focus on Safety, Punctuality, and seamless customer experience.  

About NueGo:  

NueGo is the flagship inter-city pan Indian electric mobility coach brand of GreenCell Mobility. NueGo has a service planned roll out across 30 cities wherein 350 state of art buses will redefine the mass transport sector by developing green routes offering world class travel experience for Indian customers. As a trailblazer for sustainable traffic, NueGo is the first pan Indian electric coach brand offering end to end journey experience for travellers. A customer centric brand, NueGo buses are a climate-friendly alternative offering holistic travel solutions through customer assist services like lounges, feature rich mobile app, exhaustive bouquet of VAS services, building towards a seamless travel experience. While NueGo handles technology development, network planning, operations control, marketing and sales, quality management and continuous product expansion, trusted NueGo-partners maintain the daily route operations.  

About GreenCell Mobility Pvt. Ltd: 

GreenCell Mobility (GreenCell) has been set up to become a leading pan-India shared electric mobility player by leveraging proven global experience, developments in e-mobility technology, and the Government of India’s strong push for electrification of transportation in India. GreenCell has been promoted by EverSource (www.eversourcecapital.com), the fund manager of India’s pioneering climate impact fund. EverSource is an equal joint venture between Everstone Group (www.everstonegroup.com), one of Asia’s premier investments manager with assets in excess of US$7 billion across private equity, sustainability and climate change, logistics, digital and venture capital; and Lightsource bp, a global leader in development and management of solar energy projects. 

GreenCell is building a platform to provide Electric Mobility-as-a-Service (eMaaS), initially using electric buses and delivering the core value proposition of cheaper non-polluting on-demand shared transportation, charging infrastructure, and enabling products for the e-mobility value chain. For more information, please visit www.greencellmobility.com