MYRE Capital Closes Commercial Property of INR 70 Crores With Massive Demand In Bengaluru

* MYRE’s Vaishnavi Tech Park Opportunity 1 & 2, saw demand from investors hailing from  11 countries and 18 cities

* This is the second Bengaluru property to be oversubscribed, by 30%+, indicating an increased interest in CRE

* This opportunity witnessed ~26% of the aggregate interest stemming from NRIs

* The investor profile consisted of senior employees and CXO’s at firms such as Goldman Sachs, Deloitte, Amazon, Intel etc.

* MYRE Capital crosses AUM of INR 200 crores; aims to cross INR 350Cr by end of FY22

MYRE Capital, India’s first Neo-Realty investment platform has successfully closed the second offering in Vaishnavi Tech Park (VTP), Bengaluru. Post witnessing a huge demand with 38% oversubscription to the last offering in VTP, MYRE Capital launched another property in the same building and closed the opportunity with equal enthusiasm and demand from investors. The property was oversubscribed yet again by 30%.

Bengaluru being the IT/ITES capital of the world, has witnessed continued increasing demand from MNCs and has been able to sustain market growth whilst keeping vacancies in single digits. Vaishnavi Tech Park (VTP) is located strategically at the intersection of Outer Ring Road (ORR) and Sarjapur Micro Market. ORR is the largest IT hub of Bangalore whilst the Sarjapur Micro Market has a 0% vacancy rate. These micro markets are home to some of the most prominent MNC tenants, including - LinkedIn, Deloitte, Microsoft, Accenture, HCL, Tata, Wipro. Due to the favourable micro markets, investors have shown 100% commitment as MYRE Capital has been able to bring to the table a rare off market opportunity. Bengaluru has always been one of the top cities for commercial real estate investments as per MYRE Capital’s Neo Realty Survey.

Speaking on the development, Mr. Aryaman Vir, Founder & CEO, MYRE Capital said “At MYRE Capital we strive to bring the best available real estate investment opportunities for our investors. We value the trust that our investors have instilled in us and we are overwhelmed with the response received for the both the opportunities in VTP. With the closure of this property, we have reached an AUM of INR 200 crore and we target to reach INR 350 crore by the end of the fiscal year. It has been a phenomenal year so far for MYRE Capital as we are also in works to launch India’s First Neo-Realty alternative investment fund to cater to this ever-rising demand for Grade-A assets in commercial real estate. Apart from this, we have also garnered investor interest to invest in overseas CRE opportunities. We are in talks with an international platform to bring a variety of global selection of curated real estate investment opportunities for Indian investors.”

The entire VTP building has been designed for IGBC platinum rating and has been leased to Smartworks, the market leader in managed leasing solutions, for a total tenure of nine years. Managed leasing comes with an additional layer of rental security and stability with minimal vacancy risk. This is because the operator is liable to pay the rental agreed upon irrespective of sub-tenant occupancy as per contract.

This asset offered by MYRE Capital is pre-leased and managed so investors can look to earn stable monthly rental income and long-term capital appreciation. The assets are spread across NCR, Mumbai, Pune, and Bangalore. Since inception, MYRE has maintained a 100% occupancy rate across its portfolio and has 35,000+ users on its platform.

About MYRE Capital:

MYRE Capital, a venture by Morphogenesis, is a tech-enabled NEO-Realty fractional ownership platform that provides easy access, transparency, and liquidity to a curated selection of rent-yielding commercial real estate assets. Each asset is shortlisted based on stringent criteria involving predictive analytics across 150+ data points, 25 years of industry expertise, and our proprietary technology solutions. The company was founded by Mr. Aryaman Vir with his expertise in technology, finance, and real estate.

MYRE Capital provides real estate owners and developers a reliable source of stable finance whilst providing potential investors and stakeholders with end-to-end investment management and execution thus enabling them to redevelop trust in this asset class and reposition the Indian real estate market on a global platform.       

SonicWall Backs Cybersecurity Awareness Month, Places Emphasis On Empowering People

* This year’s theme — ‘See Yourself in Cyber’ — demonstrates that while cybersecurity may seem like a complex subject, ultimately, it’s really all about people

SonicWall announced today its global commitment to support Cybersecurity Awareness Month this October with an added emphasis on the ‘people’ component of cybersecurity. This intiative helps provide information and resources to educate Cybersecurity and Infrastructure Security Agency (CISA) partners and the public, and ensure all individuals and organizations make smart decisions whether on the job, at home or at school.

“We’ve all come to understand that sound protection includes people as the most important pillar of a sound cybersecurity strategy,” said SonicWall Executive Vice President and CMO Geoff Blaine. “An organization cannot be secure until the entire workforce is engaged in reducing cyber risks. Each member of the group has the power to harm or to help, since each one has access to information, systems, handles sensitive data, and makes decisions every day that could maintain, erode or strengthen the human “attack surface” of the organization.”

“Placing emphasis on the people in security awareness is a critical first step in what often feels like an extraordinary task of guarding any organization,” said Debasish Mukherjee, Vice President, Regional Sales APJ at SonicWall Inc. “Employees must do their part to remain vigilant and educated against threats that are rapidly growing in volume and sophistication. October’s awareness efforts present an opportunity for the IT industry to update users on the latest tactics cybercriminals are leveraging and share essential best practices for staying safe online.”

Individuals, employees and consumers alike need to take basic steps to protect online information and privacy, while vendors and suppliers can take ownership by putting strong cybersecurity guidelines in place at work to help prevent cyberattacks and incidents. There continues to be a global need for skilled, diverse workers with technical skills to meet the cyber challenges of today and tomorrow.

Four Steps to Keep Safe Online

Since 2004, the President of the United States and Congress have declared October to be Cybersecurity Awareness Month, helping individuals protect themselves online as threats to technology and confidential data become more commonplace.

This intiative is co-led by the National Cyber Security Alliance (NCSA) and the Cybersecurity and Infrastructure Agency (CISA) of the U.S. Department of Homeland Security. This year’s theme of ‘See Yourself in Cyber’ is the idea that cybersecurity comes down to us all as individuals. Throughout October, CISA and NCSA will highlight key action steps that everyone should take to help stay more digitally safe:

Enable Multi-Factor Authentication (MFA)

Use Strong Passwords

Recognize and Report Phishing

Update Your Software (i.e., maintain strick patching policies)

“Moving the needle on cybersecurity awareness requires a collective approach,” said Lisa Plaggemier, NCA’s executive director. “Businesses, nonprofits, and governments all have a role to play in helping to up-level preparedness for cyber threats.”

For additional information about Cybersecurity Awareness Month, visit StaySafeOnline.org or read more on the SonicWall blog.

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. For more information, visit www.sonicwall.com or follow us on Twitter, LinkedIn, Facebook and Instagram.

About Cybersecurity Awareness Month

Cybersecurity Awareness Month is designed to engage and educate public- and private-sector partners through events and initiatives with the goal of raising awareness about cybersecurity to increase the resiliency of the nation in the event of a cyber incident. Since the Presidential proclamation establishing Cybersecurity Awareness Month in 2004, the initiative has been formally recognized by Congress, federal, state and local governments and leaders from industry and academia. This united effort is necessary to maintain a cyberspace that is safer and more resilient and remains a source of tremendous opportunity and growth for years to come. For more information, visit staysafeonline.org/cybersecurity-awareness-month/.

Cygnet TaxTech Launches Vendor Postbox, A Root Cause Fix To Maximize Input Tax Credits

Cygnet TaxTech, part of Cygnet Infotech has launched Vendor Postbox. A vendor Invoice digitization solution to extend its TaxTech suite beyond tax compliances, creating synergies across tax and account payable teams. The platform enables posting only government authenticated purchase invoices directly into ERP systems to ensure the taxpayer claims maximum Input tax credits (ITC) with minimum reconciliation efforts.

Cygnet Vendor Postbox is a solution created with and customized for businesses operating across industries, keeping in mind the accounting and tax functions and their specific challenges. The procurement process typically goes through multiple stages starting with pre-onboarding checks for vendors, recording of the purchase invoices, multiple validations, and reconciliation such as those with the purchase orders (PO), goods receipt notes (GRN), invoice documents and finally processing payments based on invoice availability in GSTR-2B.

The solution addresses the concerns of overlapping manual processes in recording of invoices, validating with PO and GRN, GSTR-2B reconciliations and making payment based on it. The Vendor Postbox workflow digitalizes the invoices with Intelligent Document Processing (IDP), or AI based OCR capabilities and streamlines every step of the workflow from recording of the invoices to vendor reconciliation, thereby eliminating the scope or errors or delay in recording of invoices. It also addresses the challenges such as shortage in working capital due to blockage of input tax credits by linking the payment to vendors by the availability of the invoices in GSTR-2B, while allowing rule-based exceptions, to minimize exposure to blocked credits.

Niraj Hutheesing, the founder, and MD of Cygnet Infotech said “Cygnet’s Vendor Postbox is designed to capture the synergies in the Invoice posting, thereby reducing the cost overheads, and increasing efficiencies. Industry leaders tell us repeatedly that they absolutely relate to these challenges and see tangible benefits associated with implementing a solution to streamline this process.”

Commenting on the launch, Kevin Permenter, Research Director at International Data Corporation said, “The role of tax compliance is shifting closer to the center of the rapidly evolving technology footprint within the office of the CFO. This is especially so regarding constantly shifting global complexities for invoicing compliance. The Cygnet Postbox technology is an impactful step toward addressing the current technology gap around global invoicing compliance. IDC believes this product enhancement from Cygnet will be welcomed addition to their rapidly growing tax compliance product portfolio.”

ABD Launches Two Innovative Products, Srishti With Curcumin And Sterling Reserve B7 Whisky Cola

* Srishti Premium Whisky is a disruptive innovation with the infusion of curcumin, the active ingredient of turmeric. Sterling Reserve Whisky Cola is with the infusion of cola, the choice of young adults.

Allied Blenders and Distillers (ABD) Ltd., India’s largest domestic Spirits company, fired consumer imagination with the launch of two new whiskies with a twist Srishti Premium Whisky and Sterling Reserve B7 Whisky Cola Mix. 

Srishti Premium Whisky is a blend of rare Scotch Malts paired with select Indian grain spirits and its unique expression is rounded off with curcumin. Interestingly, the infusion has no change in the sensorial; that is in taste, aroma or colour. Research across categories shows that Curcumin has anti-inflammatory properties and the ability to increase antioxidants that the body produces, though the company does not make any claim of this with the product.

Sterling Reserve B7 Whisky Cola Mix is the award-winning whisky blend, infused with cola to add a zing to every drinking occasion. The whisky cola mix retains the colour of whisky in the bottle, in a glass with water, soda or when consumed as a shot.

Speaking on the occasion, Shekhar Ramamurthy, Executive Deputy Chairman, ABD said “At ABD, we are living our core value of ‘Think Differently’. Srishti and Sterling Reserve B7 Whisky Cola are testaments to the disruptive innovation mindset that we nurture and thrive on. Both products are rooted in consumer insight and are the first of their kind in the Indian market.”

Talking about the launch, Bikram Basu - Chief Strategy, Marketing, Business Development Officer, said “Srishti is truly disruptive. From its infusion with curcumin, naming of the product, to its launch in the Metaverse today before its market launch. Srishti and has been in the making for a few years and gives consumers a great whisky with an interesting natural ingredient. Sterling Reserve B7 Whisky Cola is aimed at young adults who prefer whisky with a flavour, and cola is a global winner”. 

Commenting on the launch, Arun Barik, Executive Director, ABD, said “Crafting these new products have involved the experience of a blender and the use of technology, years of research and most importantly, loads of passion of the teams involved. We relished the challenge of delivering these first-of-their-kind products and am confident that consumers will love them too.”

Speaking on the launch of Srishti, Sohini Pani, Founder and Managing Director – River, said “We took inspiration from nature for crafting the brand packaging, visual identity and communication idea for Srishti. This brand is a celebration of nature and authenticity.  Srishti will appeal to those who believe in products that are made of good.”

In continuing with its trend of offering unique experiences to consumers, Srishti Premium Blended Whisky has been first launched in the Metaverse at the ‘ABD MetaBar’ https://abdmetabar.com/ and will be subsequently launched in key markets soon. Sterling Reserve B7 Whisky Cola has been recently launched in Assam and will extend nationally this season. Both the brands are available in three pack sizes i.e., 750 ml, 350 ml and 180 ml. 

About ABD: 

Allied Blenders and Distillers (ABD) is the largest Indian-owned spirits company and the 3rd largest IMFL company in the country. Its flagship brand, Officer's Choice is one of the highest selling whiskies in the world in terms of volume and is one of the largest spirits brands exported out of India. Sterling Reserve Whisky, its premium offering, has met with record-beating success. ABD is a multi-brand company that produces and supplies alcoholic beverages with presence in the whisky, brandy, rum, and vodka categories that are sold in over 22 countries. Today, its network includes 9 owned bottling units, 1 distilling unit and 20 non-owned manufacturing units.

India’s First Most Affordable Lava 5G Smartphone ‘Blaze 5G’ Unveiled By Ashwini Vaishnaw, Minister of Communications And Electronics & IT

* Unveiled at India Mobile Congress 2022, Lava Blaze 5G will be priced around Rs.10,000

·         The smartphone is powered by MediaTek Dimensity 700 chipset and comes with Premium AG Glass Back finish

·         Lava Blaze 5G will come with 4GB RAM + 3GB Virtual RAM & 128GB ROM UFS storage

·         The smartphone comes with 50MP AI triple camera and an 8MP selfie camera

·         It is compatible with all major 5G bands auctioned  1/3/5/8/28/41/77/78 making it best device which is 5G ready

Lava International Limited, an end-to-end mobile handset and mobile solutions company based in India, has announced the launch of country’s first 5G smartphone in the 10k price range – Lava Blaze 5G. The Lava Blaze 5G was unveiled by Ashwini Vaishnaw, Minister of Railways, Communications and Electronics & IT at the India Mobile Congress 2022 today. Pre-bookings for the Lava Blaze 5G will commence around Diwali this year.

Powered by MediaTek Dimensity 700, Lava Blaze 5G offers Indians accessible 5G technology at a never-before price. With a clock speed of 2.2 GHz, the 5G smartphone provides great all-round smartphone experience enabling users to perform tasks using multiple applications including games, simultaneously.

It features a premium glass back design, Android 12 OS with anonymous call recording feature, 50 MP AI triple rear camera and 8MP front camera for a superior photography experience and selfies.  It also has a 4GB+ 3GB Virtual RAM for a high end & lag free user experience and 128 GB ROM equipped with a large 5000 mAh battery for uninterrupted daily usage. It further has an optimised battery consumption due to its ultra-efficient 7nm chipset.

Speaking about the product, Sunil Raina, President & Business Head, Lava International Limited said, “It has always been our desire to develop an accessible 5G smartphone that is made in India. The product aligns with the larger vision of providing the next generation 5G technology to Indians at an affordable price point. The Lava Blaze 5G is dedicated to every #ProudlyIndian smartphone user that dreams of seeing their country emerge as the next tech superpower. With the launch of this smartphone we are making the power of 5G technology accessible to all”

“MediaTek has had a long-standing association with Lava and we congratulate them on the launch of Lava Storm 5G, powered by MediaTek Dimensity 700 that enables robust 5G smartphone experiences. The chip supports upto 64MP camera with AI-color, AI-beauty & AI-bokeh enhancements to deliver incredible photos, videos & streaming. The new 5G smartphone aims to make cutting-edge technology accessible to all. This collaboration is a part of our commitment furthering the government’s Design in India vision,” added Anku Jain, Managing Director, MediaTek India.

The Lava Blaze 5G features a large 6.5 inch HD+ IPS display with Widevine L1 support along with a 90 Hz refresh rate that cut blur in animations providing a crystal clear and lag free viewing everyday experience during gaming or while watching videos. The phone also features latest security features with a side mounted ultra-fast fingerprint unlock.

For a superior after-sales consumer experience, a ‘free service at home’ will be provided to the customers in which service will be provided at customers’ doorstep (Customers can avail the service within the phone's warranty period).

About Lava International Limited

#ProudlyIndian l Made in India, Made for India

Lava International Limited is a leading end-to-end focused mobile handset and mobile handset Solutions Company based in India, with growing international presence. With the vision “to empower people to do more, to be more”, the Company was established in the year 2009. Lava International Limited’s corporate office and its manufacturing and repair facility is located in in Noida, Uttar Pradesh. As of August 31, 2021, the manufacturing facility had an aggregate production capacity of manufacturing 42.52 million feature phone equivalent handsets per annum.

Maxivision Eye Hospitals Launches A Mobile App To Make Patient Care Easier

* Your mobile phone can now keep your eye health in check: V.S. Sudheer CEO

Maxivision, India’s leading eye hospitals chain, has launched a mobile application for the ease of patients served. Patients will now have access to a variety of options, including the ability to download their medical data, schedule doctor appointments, receive post-operative instructions, and receive medication reminders.

Additionally, it contains tools for online medication ordering, and patients can include their family members in the app. New users of the app can access video tutorials on eye care, medicine reminders, online consultations, appointment booking, and medication ordering features. With this software, patients can arrive at their hospitals with an appointment and save time waiting around for registration and other procedures.

“Our goal of launching a mobile application is to reach a maximum number of patients who are looking for quality eye care services. The patients will now be able to book an appointment with their preferred doctor, from the ease of their homes. With the introduction of this app, we have turned a new page in advancing our digital technology in eye care and making our services more easily accessible than before,” said V.S.Sudheer – GROUP CEO MaxiVision Group of Eye hospitals.

The Maxivision mobile application will allow the patients to add their family members too so that they can book appointments for them or access their medical records. Apart from that, the patients can also order medicine for themselves with just a click. The app can also be used to set reminders for taking medication.

It is quite easy to use the application as the user only has to download it for Android or IOS devices. Post that, they have to share basic information about themselves and then register using their mobile number. The app will also serve as a depository of all the medical records of the patients anywhere anytime. The app will eventually include optical frames and lenses that can be ordered online, as well as the ability to schedule lab testing through Neuberg Diagnostics' cutting-edge facilities.

Cygnet TaxTech Launches Vendor Postbox, A Root Cause Fix To Maximize Input Tax Credits

Cygnet TaxTech, part of Cygnet Infotech has launched Vendor Postbox. A vendor Invoice digitization solution to extend its TaxTech suite beyond tax compliances, creating synergies across tax and account payable teams. The platform enables posting only government authenticated purchase invoices directly into ERP systems to ensure the taxpayer claims maximum Input tax credits (ITC) with minimum reconciliation efforts.

Cygnet Vendor Postbox is a solution created with and customized for businesses operating across industries, keeping in mind the accounting and tax functions and their specific challenges. The procurement process typically goes through multiple stages starting with pre-onboarding checks for vendors, recording of the purchase invoices, multiple validations, and reconciliation such as those with the purchase orders (PO), goods receipt notes (GRN), invoice documents and finally processing payments based on invoice availability in GSTR-2B.

The solution addresses the concerns of overlapping manual processes in recording of invoices, validating with PO and GRN, GSTR-2B reconciliations and making payment based on it. The Vendor Postbox workflow digitalizes the invoices with Intelligent Document Processing (IDP), or AI based OCR capabilities and streamlines every step of the workflow from recording of the invoices to vendor reconciliation, thereby eliminating the scope or errors or delay in recording of invoices. It also addresses the challenges such as shortage in working capital due to blockage of input tax credits by linking the payment to vendors by the availability of the invoices in GSTR-2B, while allowing rule-based exceptions, to minimize exposure to blocked credits.

Niraj Hutheesing, the founder, and MD of Cygnet Infotech said “Cygnet’s Vendor Postbox is designed to capture the synergies in the Invoice posting, thereby reducing the cost overheads, and increasing efficiencies. Industry leaders tell us repeatedly that they absolutely relate to these challenges and see tangible benefits associated with implementing a solution to streamline this process.”

Commenting on the launch, Kevin Permenter, Research Director at International Data Corporation said, “The role of tax compliance is shifting closer to the center of the rapidly evolving technology footprint within the office of the CFO. This is especially so regarding constantly shifting global complexities for invoicing compliance. The Cygnet Postbox technology is an impactful step toward addressing the current technology gap around global invoicing compliance. IDC believes this product enhancement from Cygnet will be welcomed addition to their rapidly growing tax compliance product portfolio.”