Business News This Week Business News This Week | busines news weekly

Latest Post








Aug 4, 2015

Use a layered approach to protect yourself from Cryptolocker

IN · · Leave a Comment
Cryptolocker and similar ransomware attacks are nothing new, and we’ve blogged about them before. As we said over a year ago, the attackers using these methods continue to adapt their technology and business model to circumvent law enforcement officials and user defenses.
Ransomware is a type of malware that hijacks data on the infected computer and demands a ransom from the user. Here’s a video demonstrating Cryptolocker in action:

So how did that PC get infected? Malware can be delivered by a number of methods:

  • Phishing attacks are by far the most common means of infecting users. The email in question usually invites the victim to click on a malicious link or open an infected attachment. This method is effective in delivering malware to users who do not have the latest email protection or have not been educated on phishing attacks.
  • Drive-by downloads can infect users who visit a compromised website. These websites can be compromised through malicious web code, an infected third-party piece of software, or website code that has been changed by the attackers. This risk can be mitigated with a web filter and up-to-date antivirus software. Other strategies include limiting user permissions and disabling Java in the browser.
  • Computers that are already infected with malware can download and install new malware, including Cryptolocker.

Sometimes the infection is a result of a mix of the above methods, as explained in this post at Malwarebytes. A user attempts to install something, gets tricked into installing something else, and is infected by a drive-by download in the background. Whatever the details, the majority of malware is installed when users are tricked into clicking on something. That’s whyuser education is so important to the overall defense strategy.

Because Cryptolocker and its variants are constantly adapting to new defenses, it isn’t enough to identify the virus and protect yourself from that specific threat. The best approach is to secure the threat vectors, so that the entryways to the network are fully protected. For a better explanation of threats and threat vectors, take a look at this video. Ruoting Sun and Steve Pao explain:

Ruoting Sun – Senior Product Marketing Manager
Steve Pao – GM Security

One break in an attack sequence can prevent the installation of Cry
ptolocker. Using a layered approach to security gives you the opportunity to break the sequence at several levels. Protect your users with email, web, network, and mobile security. In the event that you cannot stop an infection, a proper backup solution and disaster recovery strategy will ensure that compromised data can be restored.

We implement this layered approach with Barracuda Total Threat Protection. Here’s how that breaks down in terms of solutions and threat vectors:
Read the rest of this entry crosses Milestone of 1 Lac orders in a month

IN · · Leave a Comment
Hyderabad Aug 4: has successfully crossed the milestone of processing 100,000 orders in a single month within one year of operations. Having commenced sales in Aug 2014 with 3,000 orders in the first month of business, processed over 1 lac orders in Jul 2015. This further strengthens the position of as the market leader in online sales of tech & mobile accessories. receives 25% of orders from Mumbai-Pune, 20% from Delhi-NCR, 15% from Bengaluru and 40% from rest of India.

In the month of Jul, received more than 1.0 lac visitors daily of which 35% are repeat visitors. Of the one lac orders received in Jul, 20% were placed by repeat customers buying second time or more. Customer Satisfaction levels are high, with replacements & refunds remaining below 1%. By stocking more than 10,000 SKUs in their warehouses, the company offers the widest range of products in the tech, mobile & tablet accessories space, which include covers & cases, audio-video & HDMI cables, blue-tooth devices, power banks, Mini PCs and others. The motto of the company is to offer timely delivery and full product satisfaction to the customers by taking order only for those SKUs, which are already stocked at the company warehouses. As the name suggests, continuously innovates and introduces latest gadgets & accessories on their site. In the month of July introduced Bluetooth virtual laser keyboards & Bluetooth paper planes. In August they will be introducing a new range of health bands & smart watches.

Further as a mark of celebrating this 1 Lac mark, Mr. Ameen Khwaja – CEO &; MD said “The company is launching a Flat 80% off sale on mobile and tablet accessories from 5th of August till 7th of August 2015. This 80% discount sale would be basically our way of showing gratitude towards our customers, who helped us reach this 1 Lac mark in such a short time. I also hope that many new customers take advantage of this big discount sale. It will be the largest of its kind in the country with 10,000 SKUs and more than 3.0 lac pieces offered on sale from a single store online.”
Read the rest of this entry

Celebrity Cruises announces the ‘Grass is Greener’ campaign

IN · · Leave a Comment
Celebrity Cruises
New Delhi, August 4: TIRUN Travel Marketing, the exclusive India representative of Celebrity Cruises, announces the exciting “Grass is Greener” campaign which highlights how holidays onboard the upscale vessels are prefect to satisfy those cravings for outdoor luxury. The endeavour is to engage new-to-cruise and new-to-brand consumers with a multi-layer fun campaign that also includes the trade partners. It turns the spotlight on the unique attributes of Celebrity Cruises such as the Lawn Club where real grass is grown onboard the vessel, along with stellar butler services to give guests a truly indulgent cruising experience.

The campaign boldly and innovatively calls out the brand attributes of Celebrity Cruises in a way that harks to the luscious summertime and resplendent outdoors. Celebrity Cruises is running a digital contest to spur greater excitement with the hashtag, #‎GrassIsGreener. Participants need to post a selfie with anything green it and use the hashtag. 10 particpants with the best Selfie will stand a chance to win Celebrity Cruises merchandise and shopping vouchers every day for 10 days.

Speaking on the campaign, Mrs Ratna Chadha, Chief Executive, TIRUN Travel Marketing and exclusive India representative of Celebrity Cruises said, “The campaign underlines the magnificent, most iconic and unmatched qualities of a Celebrity Cruises vacation. Guests can get their fill of a stylish outdoor experience which many seek in the summer. They can order picnics on a private verandah or bask in the exquisite lawns with exotic cocktails of their choice. The digital campaign has been crafted to further drive awareness about the inspiring experience that awaits vacationers on board this premium cruise line.”

In order to make the campaign equally inviting for its trade partners, TIRUN Travel Marketing has launched a unique incentive programme. For every 10 staterooms they sell on board a Celebrity Cruises ship on double occupancy basis up to 31st December 2015, agents will get a free berth. This programme makes the ‘Grass is Greener’ campaign truly appealing to all stakeholders and guests!

Read the rest of this entry

Manish Khera to be appointed as CEO - Airtel Money

IN · · Leave a Comment
Airtel Money
New Delhi, 3rd August 2015: Bharti Airtel (“Airtel”), the 3rd largest mobile service provider globally, today said that Manish Khera, Co-founder & MD of YTS Solutions will be appointed as CEO of Airtel M Commerce Services Limited (AMSL), which offers Airtel’s flagship semi-closed wallet under the brand name ‘Airtel Money’. Once appointed, Manish will be a part of the Airtel Management Board and report to Gopal Vittal, MD & CEO of Bharti Airtel (India & South Asia).

Commenting on the appointment, Gopal Vittal said, “I am delighted to announce that Manish Khera will join AMSL as Chief Executive Officer. A trend-setter in the domain areas of financial inclusion, payments & banking, Manish combines the spirit of entrepreneurship with a passion for technology and commitment to serve millions. I am confident that his rich domain expertise will add immense value to our plans and help lead our mobile commerce and payments business to reach millions of underserved Indians."

Manish Khera said, “I was fortunate to go through the retail banking explosion in the early part of my career, and then to drive a host of financial inclusion initiatives in the country under the guidance of banking stalwarts. I am now excited at the opportunity of working with India’s largest telecom company and leading its vision of delivering a transformed m-Commerce experience for million across the country.”

Manish is a recipient of several honours, including “Young Global Leader-2011” by World Economic Forum, “Entrepreneur of the Year” by EY, and the “Forbes India Leadership Award – 2012” in the “Outstanding Start-up” category. Prior to founding YTS, Manish was MD & CEO of FINO Pay Tech Ltd, and earlier worked in ICICI Bank.

AMSL, the wholly owned subsidiary of Airtel also announced that it would integrate the payments and remittance businesses of YTS Solutions.

Airtel is India’s largest mobile operator with a customer base of over 230 million customers. It is also India’s largest rural mobile operator with over 100 million customers. The company’s network covers 4,30,000 towns and villages backed by 1.5 million distribution outlets. In 2011, AMSL had announced the launch of Airtel Money – India’s first prepaid mobile wallet by a telecom services provider. In January 2015, AMSL applied to Reserve Bank of India (RBI) for a Payments’ Bank License. Based out of Mumbai, YTS has been developing innovative financial products focused on mass market and micro-transactions. This acquisition will expand Airtel’s portfolio in the mobile commerce segment and bring in a host of new product capabilities targeted at migrants in urban cities and their families in rural towns and villages – thus strengthening Airtel’s long term commitment towards driving financial inclusion in India.
Read the rest of this entry

Jul 31, 2015

Mochi opens its showroom in Indore

IN · · Leave a Comment

Fastest growing fashion footwear brand Mochi opens its showroom at Indore

India’s trendiest shoe store opens at M.G. Road, Indore.

Leading brands and latest styles all under one roof

Mochi opens its showroom in Indore

Indore, 30th July 2015– Mochi –The Shoe Shoppe celebrates the opening of its store in Indore today. Targeted at a fashionable crowd and young professionals, Mochi aims to please the style conscious in the city. The store boasts of a wide product range and scores high on style, quality and the latest international trends.

“Indore being one of the important cities of India and the cultural hub of Madhya Pradesh has resulted in the consumers having a strong tilt towards fashion brands and global/local trends. By opening our store in this region, we hope to build on our already existent consumer base and make our brand accessible to a larger audience .The store will cater to the fashionable youth of the city, with a large variety of party wear, semi-casual and formal footwear focusing on the ever changing trends. We are very optimistic about the popularity the brand will receive here”said Farah Malik Bhanji, Managing Director and Chief Executive Officer, Mochi.

Soheb Arsiwala, Regional Manager added, “The new Mochi store has an area of 1,090sqft and will stock more than 10,000 pairs of men’s and ladies shoes. We have seen customers travel from nearby cities and areas like, New Palasia, Old Palasia, South Tukoganj, Khati Wada Tank, Manik Bagh, Safee Nagar, Gulzar Colony, Sapna Sangeeta Road, Geeta Bhavan, Sindhi Colony, Anpurnanagar, Shree Nagar Colony and Khande Bagh among others… There is a huge demand of formal wear to cater to the young and growing population in this region and we hope through this store, we can fulfill and satiate that need.”

To celebrate the opening, Mochi today announced an inaugural 20% discount on all in-house brands and 10% discount on other brands at the new store this Friday and Saturday, July 31st and August 1strespectively.

Read the rest of this entry

Doctors at Paras Hospitals, Gurgaon report rise in diseases

IN · · Leave a Comment
Paras Hospitals

With Monsoon Arrive a New Set of Health Woes: Doctors at Paras Hospitals, Gurgaon Report Rise in Viral, Bacterial Infections

· Multispecialty, Paras Hospital, Gurgaon talks about some common disease prevalent during monsoon and measures to prevent them
· With high humidity coupled with heat, bacterial, viral and fungal infections become common

Gurgaon, July 2015: The monsoon season is a time for some much-needed relief from the scorching hot summer months, but it is also a time when diseases such as dengue, malaria, conjunctivitis, allergies, gastrointestinal infections and other bacterial and fungal infestations report a rise.

With patients in Gurgaon already reporting a spurt in infections, doctors at Paras Hospitals, Gurgaon are advising people to adopt preventive measures.
“It is just a few days into monsoon and we are already receiving an increasing number of patients (40-50 patients a day) reporting gastrointestinal, respiratory, acute febrile illness as well as eye infections. Poor sanitation, contamination of food and water become more prominent during the season. While common cold and viral fevers are quite common, people are also exposed to several intestinal infections leading to Gastroenteritis, Typhoid and Hepatitis due to intake of unhygienic and infected food and water. Dengue and Malaria are another scourge that rears its head every year during this season. So, we always suggest our patients to keep a watch on health, food ; water hygiene & maintain high level of suspicion of the diseases discussed above and to report to doctor if the symptoms arise. In this season one should avoid eating on roadside joints” says Dr. Rajesh Kumar, Consultant, Internal Medicine.

The best way to prevent from being infected is to have a good knowledge about the cause and spread of the diseases that are common during the monsoon. As only then, you can chalk out the measures to prevent yourself from these diseases. Let’s take a look at the prevalent diseases:

Dengue, malaria, chikungunya
Dengue and chikungunya are acute viral infections transmitted by Aedes aegypti and Aedes albopictus mosquitoes. The common symptoms of the diseases are fever; sever body aches, joint pain and rash. Both are viral infection. Aedes mosquito breeds in clean water (artificial water-filled container habitats). Malaria is caused by female Anopheles mosquito that breeds in the fresh- or salt-water marshes, mangrove swamps, rice fields, grassy ditches, the edges of streams and rivers, and small, temporary rain pools. Malaria is characterized by symptoms such as high fever at regular intervals with shivering, muscle pain, headache and weakness. All the three diseases discussed above can be prevented by preventing mosquito breeding, keeping the surroundings clean and dry; wearing full length clothes; using coils and repellants even during the daytime to keep mosquitoes at bay.

Diarrhea and cholera
Spread by contaminated consumption of foods and water and both spread due to poor hygienic conditions. Increased frequency of watery stools leading to dehydration is the hall mark of diarrhea & Cholera. Adequate intake of fluids with ORS is the key to prevent dehydration & renal failure which may follow loose stools. After every loose stool one should take at least 300 ml of ORS solution. If one is not able to take fluids then one should report to hospital. Both the diseases can be prevented by staying alert on the hygiene quotient.

Typhoid and Jaundice and Gastroenteritis
Spread due to consumption of contaminated water or food, Typhoid incidence increases during monsoon. Poor sanitation and lack of hygiene favors the growth of typhoid bacteria other viruses which cause infection of liver (Hepatitis). High grade fever, sever headache, weakness, pain are common symptoms of typhoid, while symptoms like sever weakness, decreased appetite ,yellow urine and eyes, vomiting and liver dysfunction indicates Jaundice. Avoiding consumption of street-side food or water and drinking lots of healthy fluid can help avoid Typhoid & Jaundice both. If symptoms arise prompt medical consultation can prevent many complications.

After all Monsoon is not that gloomy, one can & should enjoy rains albeit with precautions as mentioned above. Have a pleasant & disease free Monsoon.
Read the rest of this entry

Dr. Reddy’s Q1 FY16 Financial Results

IN · · Leave a Comment
Dr. Reddy’s Q1 FY16 Financial Results
Hyderabad, India, July 30, 2015: Dr. Reddy’s Laboratories Ltd. (NYSE: RDY | BSE: 500124 | NSE: DRREDDY)
today announced its consolidated financial results for the quarter ended June 30, 2015 under International Financial
Reporting Standards (IFRS).
Q1 FY16: Key Highlights
o Consolidated revenues at ₹37.6 billion, year-on-year growth of 7%
o Gross Profit Margin at 61.1%, improved by 180 bps over last year
o Research & Development (R&D) spend at ₹4.4 billion. Continued focus on building complex and
differentiated pipeline.
o Selling, general & administrative (SG&A) expenses at ₹11.0 billion. Marginal year-on-year increase.
o EBITDA for Q1 FY 16 at ₹9.9 billion, 26% of revenues, year-on-year growth of 12%.
o Profit after tax for Q1 FY 16 at ₹6.3 billion, 17% of revenues, year-on-year growth of 14%
Commenting on the results, Dr. Reddy’s co-chairman and CEO, GV Prasad said, "Our first quarter
results, with YoY growth of 7% in topline and 14% in bottom line, reflects healthy performance. We
were able to achieve these results despite limited new launches and headwinds in the form of currency
devaluation in key emerging markets. As we continue to further strengthen our product portfolio and
drive new launches, we are well positioned for the next phase of our growth.”

Segmental Analysis
Global Generics
Revenues from Global Generics segment for Q1 FY16 are at $31.0 billion, year-on-year growth of
8%, primarily driven by North America, Europe, Venezuela and India.
 Revenues from North America for Q1 FY16 at $18.5 billion, year-on-year growth of 14%.
Primarily on account of:
- Sustained performance of the injectable franchise and market share gains in key molecules
- Contribution from products launched subsequent to quarter ended June 30, 2014 majorly
being valganciclovir, sirolimus, Habitrol® etc.
- 6 new product filings in the US during the quarter. Cumulatively, 73 ANDAs are pending
for approval with the USFDA of which 47 are Para IVs out of which we believe 16 to have
‘First to File’ status.
 Revenues from Emerging Markets for Q1 FY16 at $5.8 billion, year-on-year decline of 20%.
- Revenues from Russia at $2.3 billion, year-on-year decline of 45% primarily on account
of the ongoing macro-economic uncertainties and the consequent depreciation of rouble.
In constant currency revenues declined by 22%.
- Revenues from CISR markets at $0.8 billion, and remained flat on a year-on-year basis.
Growth was affected primarily on account of currency depreciation.
- Revenues from Rest of World (RoW) territories at $2.7 billion recorded year-on-year
growth of 21%. Of this Venezuela delivered strong growth of 42% on the back of
continuing volumes uptake.
 Revenues from India for Q1 FY16 at $4.8 billion, year-on-year growth of 19%.
- Growth is driven by continued focus on new product launches and prescription growth.
- As per IMS Jun’15, Dr Reddy’s MAT Gr% at 16.8% versus market Gr% of 13.9%.
Integration of the UCB products portfolio completed during the quarter
 Revenues from Europe for Q1 FY16 at $1.9 billion, year-on-year growth of 43%. Growth was
primarily driven by new products (aripiprazole and pregabalin) launched during the fourth
quarter of fiscal 2015.
Pharmaceutical Services and Active Ingredients (PSAI)
 Revenues from PSAI for FY15 at $5.6 billion, and remained flat on a year-on-year basis.
 During the quarter, 9 DMFs were filed globally. The cumulative number of DMF filings as of
June 30, 2015 is 747.
Income Statement Highlights:
 Gross profit margin at 61.1% and registered an improvement of ~180 bps over that of previous
year. Gross profit margin for Global Generics (GG) and PSAI business segments are at 67.6%
and 23.7% respectively.
 Selling, General and Administration (SG&A) expenses at $11.0 billion, year-on-year increase
of 3%. SG&A as % to sales improved by ~120 bps over previous year.
 Research & development expenses at $4.4 billion, year-on-year increase of 13%. 11.7% of
revenues in Q1 FY16 as compared to 11.0% of revenues in Q1 FY15. The increase is in line
with our planned scale-up in development activities.
 Net Finance income at $216 million compared to $481 million in Q1 FY15. The net decrease
in Finance income is on account of:
- Net forex gain of $12 million in the current quarter vs $476 million in the previous year
- Certain monetary assets and liabilities of the Venezuelan subsidiary that may not qualify
for translation at the CENCOEX rate of VEF 6.3 per USD, have been translated at the
SIMADI rate of VEF 197 per USD and the resultant charge of $100 million has been
recorded as foreign exchange loss.
- Incremental profit on sales of investments of $179 million.
- Net increase in interest income of $120 million.
 Profit after Tax at $6.3 billion, 17% of revenues, year-on-year growth of 14%.
 Diluted earnings per share is at $36.6
 Capital expenditure is at $2.6 billion.
Read the rest of this entry

Rohit Khandelwal wins Provogue Personal Care Mr. India 2015

IN · · Leave a Comment
Rohit Khandelwal wins Provogue Personal Care Mr. India 2015
Mumbai, July 2015: The hunt for India’s most desirable man by country’s oldest and most prestigious pageant for men has come to its climax as Rohit Khandewal from Hyderabad was announced Provogue Personal Care Mr. India 2015.

The Mr. India 2015 winners were announced after multi-city auditions that received an overwhelming response from over 10 thousand participants across the country. This year the pageant comprised of 4 city auditions across 4 zones in the country, which culminated into a gala final round of auditions, and gave wings to larger-than-life aspiration of millions of young men out to redefine their destiny.

Rohit Khandewal from Hyderabad was announced Mr. India 2015 winner, Rahul Rajasekharan from Bangalore was announced 1st Runner up and Prateek Gujaral from Mumbai was announced 2nd Runner up. While Rohit Khandewal will be representing India at the prestigious Mr. World pageant, the runner’s up will be lauded with plentiful opportunities in glamour, modeling and acting fields. Winners were also received gratification from sponsors worth lakhs of rupees.

The grand finale was attended by key personalities from the fashion, TV and Bollywood industry. Mansi Scott gave a dazzling performance to the hit tunes of the Bollywood chartbusters to lighten up the atmosphere for the contestants. The icing on the cake for the winners was when Bollywood’s diva Kareena Kapoor came to congratulate them and celebrate their success.

Other sub-titles that were given away to the contestants were as followed:
Stay On Mr. Active – Rohit Khandelwal
Wahl Mr Metrosexual – Suraj Chhajed
SRM University Mr Sudoku – Suraj Chhajed
Zoiro Mr Perfect Body – Ulhas Dhiman
Dr. A's Mr. Healthy Hair – Sagar Gera
Gio Collection Mr Trendsetter – Suraj Chhajed
Times Mr Personality – Rahul Rajasekharan
Provogue Best Actor – Rahul Rajasekharan and Rohit Khandelwal
Pro Sport Mr Iron Man – Rahul RajaSekharan
Mr Photogenic – Jitesh Thakur
Times Mr Congenial – Ulhas Dhiman
Times Mr. Talented – Neeraj Sharma and Ulhas Dhiman
Times Top Model – Sagar Gera
A retro theme party followed the glamorous grand finale where some of the most sought after celebrities mingled with the winners and contestants. Celebrities like Tushar Kapoor, Director Madhur Bhandakar, Ken Ghosh, Vatsal Sheth, Rocky S, Nishka Lulla, Candice Pinto, Shilpa Agnihotri, Evelyn Sharma, Pernia Qureshi and Prachi Desai amongst others were also seen attending the event.

The contestants were supported by experts from the different verticals of the glamour industry to train and guide them to excel in the contest. The panelists included experts like show director Prasad Bidapa, Fashion Director Nivedita Sabboo, Cricketer Zaheer Khan (Pro Sport Fitness), Bollywood Casting Director Nalini Rathnam, Photography by Amit Khanna and Hair & Make-up by Kromakay.

• Title Sponsor – Provogue Personal Care
• Powered By – Gio Collection
• Associate Partner: Zoiro
• Associate Partner : Stay-On Power Capsules
• Hair Care Partner: Dr. A’s Clinic
• Education Partner : SRM University
• Grooming Partner: Wahl

Read the rest of this entry

We have lost a “Nakshatra” says Anuja Kapur

IN · · Leave a Comment
We have lost a “Nakshatra” says Social Activist Anuja Kapur
Avul Pakir Jainulabdeen Abdul Kalam was a President like no other. He was the President who ignited minds, embodied the potential in every Indian.Born into a poor muslim family in Tamil Nadu, he rose by sheer force and education and a become the “Missile Man” of India. On Monday India’s proud son and a president of all the people died from heart attack while he was giving lecture in IIM shillong. Abdul Kalam was the 11th President of India. Former President, A scientist, a professor, an author these are some titles which come before the name of APJ Kalam.

APJ Kalam was one of the recepient of the India’s highest civilian honor of Bharat Ratna. The man who won India’s heart,who made us proud is no more with us but the things which he had done will always remain immortal like his memories in our heart. APJ Kalam also played a pivotal organizational, technical and political role in India's Pokhran-II nuclear tests in 1998. APJ Kalam spent more than four decades at the Defence Research and Development Organisation (DRDO) and Indian Space Research Organisation and was involved in the India’s civilian space program and military missile development efforts. He was a very kind person by heart and his words are still motivating people in their lives.

The sudden death of a personality like him leaves the nation in tears and shock. Famous social activist Mrs. Anuja Kapur speaks on the sudden demise of Mr.Kalam, “death of Kalam sahab is a big big loss to our nation as people of our country admire him, his words are motivation for youth,he was loved by whole nation for his deeds. Today, we have loose a “Nakshtara” this lose can never be filled. He made whole country proud. A muslim steeped in Hindu culture, a complete Indian. Kalam sir will always live in our heart and mind.
Read the rest of this entry

Jul 26, 2015

BSE Sensex This Week

IN · · Leave a Comment
BSE Sensex This Week
On Friday, a benchmark index of Indian equity markets, the 30-scrip Sensitive Index (Sensex), on Friday provisionally closed 247 points or 0.87 percent down. NSE Nifty fell by 63.20 points or 0.74% at 8,526.60 points. On Thursday, Bombay Stock Exchange Sensex closed 134 points.On Wednesday, Sensex gained 313 points.On Tuesday, the BSE Sensex shed 230 points.On Monday, the BSE Sensex closed flat — just 43.19 points or 0.15 percent down.
Read the rest of this entry