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Indian firms must avoid complacency as cyber incidents mount: Experts

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Indian firms must avoid complacency as cyber incidents mount: Experts

New Delhi, Feb 25 (IANS) – Experts are warning Indian organisations to avoid complacency in the face of cyber threats as cybercriminals are increasingly exploiting new technologies like artificial intelligence (AI) to evade detection. In a recent report, it was highlighted that the average annual cost of responding to compromises exceeded $5 million.

According to cybersecurity researchers, cybercriminals are leveraging AI to make their attacks more sophisticated and effective, raising concerns about the potential damage they can cause. Dr Sanjay Katkar, Joint Managing Director of Quick Heal Technologies, emphasized that while AI offers defensive capabilities, it can also be used as a weapon by attackers.

In 2023, Seqrite Labs analysed approximately 400 million malware detections from over 8.5 million endpoint installations in India, revealing the magnitude of cyber threats faced by organizations. The report also pointed out the growing trend of hackers using generative AI (GenAI) to enhance the impact of their attacks.

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To combat AI-driven cyber threats, experts recommend deploying AI-based defenses that can adapt to evolving threat patterns. Raj Sivaraju, President of APAC at Arete, stressed the importance of implementing ethical frameworks for AI development and enhancing cybersecurity measures through regular software updates and user training.

By prioritizing initiatives like expanded training, security partnerships, automation, and zero trust principles, experts believe that organizations can strengthen their defensive strategies against cyber threats. Through collaboration and strategic technology investments, cyber defenders can effectively mitigate risks and ensure a more secure digital future.

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IANS, established in 1986, is India's largest independent news service, offering 24x7 news from India and South Asia, and a preferred source for diverse content across six business verticals.

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Haier introduces a new TV series in India with four different sizes

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Haier launches new TV series in four sizes in India

New Delhi, April 16 (IANS) Home appliances and consumer electronics brand Haier introduced its latest Smart QLED Series ‘S800QT’ in India, available in 75-inch, 65-inch, 55-inch, and 43-inch sizes. Priced starting at Rs 38,990, the series aims to provide an immersive home entertainment experience to consumers.

Haier India President NS Satish stated, “Catering to consumers who seek uncompromised visual brilliance and an immersive cinematic haven in their own homes, Haier India aims to meet the evolving needs and preferences of consumers, offering them an unparalleled home entertainment solution.”

The new range features DLG technology for ultra-smooth motion reproduction and reduced motion blur during fast-paced action sequences, ensuring an immersive viewing experience. Additionally, the TV series automatically adjusts its refresh rate up to 120Hz based on the content being viewed.

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With seamless integration with Google, the Smart QLED Series provides access to a wide range of apps, content, and streaming services, offering a faster and smoother user interface while delivering clarity in every frame. The series also allows TV control through hands-free voice commands for easy adjustment of settings, channel switching, content search, and other tasks.

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GPS Renewables secures $50 mn in funding from private and public sector banks

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Biofuels firm GPS Renewables raises $50 mn from private, public sector banks

In a recent development, GPS Renewables, a full-stack biofuels company, has secured $50 million in debt financing from various private and public sector banks and NBFCs. Participating institutions include Punjab National Bank, HDFC, Yes Bank, and others.

Chief Finance Controller, Tilak Minocha stated, “To further accelerate our efforts, we not only need financial backing but also strategic industry collaborations. The funding will allow us to promote India’s transition to sustainable green energy.”

This financing round comes after GPS Renewables previously raised $20 million in equity funding. The company has seen significant growth, crossing a turnover of $60 million in FY 2023-24 and expanding full-time employee strength from 72 to over 500.

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Furthermore, GPS Renewables recently acquired Germany-based Proweps Envirotech GmbH, specializing in technologies for biogas production from organic waste. Founded by Mainak Chakraborty and Sreekrishna Sankar, GPS Renewables provides holistic solutions for biofuels development and distribution.

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Mahindra introduces the new Bolero Neo+ with seating for nine, prices starting at Rs 11.39 lakh

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Mahindra unveils new nine-seater Bolero Neo+ starting at Rs 11.39 lakh

Mahindra & Mahindra Launches 9-Seater Bolero Neo+ Starting at Rs 11.39 Lakh

New Delhi, April 16 (IANS) – Mahindra & Mahindra unveiled the 9-seater ‘Bolero Neo+’ in two variants, the P4 and P10, with prices starting at Rs 11.39 lakh (ex-showroom). The P4 serves as the entry-level option, while the P10 is a more premium trim, offering durability, advanced features, and superior comfort.

Nalinikanth Gollagunta, CEO – Automotive Sector, Mahindra & Mahindra, stated, “With the launch of the Bolero Neo+, we are offering a promise of durability, advanced features, and superior comfort that enriches the driving experience for every family and fleet owner alike.” The new vehicle features signature Bolero elements like X-shaped bumpers, a front grille with chrome inserts, and an X-shaped spare wheel cover, along with side body cladding.

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Powered by a 2.2-litre mHawk diesel engine with Micro-Hybrid Technology for fuel efficiency and performance, the Bolero Neo+ also comes equipped with advanced safety features such as ABS, dual airbags, child seats, engine immobiliser, and automatic door locks. The SUV boasts a 22.8 cm touchscreen infotainment system with Bluetooth, USB, and Aux connectivity, along with front and rear power windows, armrests, and generous boot space for comfort and practicality.

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