Archives January 2024

24th January, 2024: Rockwell Automation, Inc. (NYSE: ROK) today published its 2023 Sustainability Report detailing the company’s sustainability progress and outcomes, and how Rockwell is partnering across the manufacturing industry and communities worldwide to create sustainable impact and change.

In India, Rockwell undertook initiatives including solar light installation projects in schools, environmental projects including sapling distribution and sponsoring robotic and STEM education programs. Most recently the company detailed how it is helping to modernize farming practices in rural India in partnership with ISAP India Foundation.

“We’ve been improving the efficiency of industrial processes for more than 120 years, which includes making the most of scarce resources,” said Rockwell Automation Chairman & CEO Blake Moret. “Today, our technology and expertise help manufacturers in diverse industries address the complex challenge of making high-quality products at scale while minimizing negative impacts on the environment.”

Smart manufacturing technologies play a critical role in driving Environmental, Social, and Governance (ESG) and sustainability success. Survey results from the company’s 8^th annual State of Smart Manufacturing Report indicate the driving factor for manufacturers to pursue sustainability and ESG policies and programs is to improve efficiencies, confirming that sustainability is critical for operational improvement and profitability.

Rockwell Automation’s 2023 progress on its ESG journey

In addition to showcasing how Rockwell supports customers’ sustainability efforts with its innovative, sustainable products and solutions, the report also highlights the company’s ESG initiatives and programs that are making Rockwell more sustainable while at the same time fostering a culture that empowers employees to operate safely, sustainably, and responsibly.

In 2020, Rockwell announced its goal to be carbon neutral by 2030 (Scope 1 and 2 emissions). The report discusses the company’s work toward this goal, and includes information about Rockwell’s Scope 3 emissions baseline, explaining that indirect emissions from its value chain represent 99% of its Scope 3 carbon footprint.

The report highlights new 2023 ESG initiatives, including:

• UN Global Compact: The company joined the UN Global Compact and the report discusses the eight UN Sustainable Development Goals (SDG) on which Rockwell believes it can have the greatest impact.
• The Science Based Targets initiative (SBTi): Rockwell joined this partnership between the United Nations Global Compact, Carbon Disclosure Project (CDP), World Resources Institute (WRI), and the World Wide Fund for Nature (WWF), which is designed to address corporate climate action.
• Product Design for Sustainability: The creation of a new team responsible for the integration of sustainability design principles, measurement criteria, and requirements into common product development processes.

Partnering to build sustainable communities

Advanced manufacturing is creating demand for people who have the knowledge and skills to optimize technology, yet workforce and skill shortages continue to impact companies across every industry. The 2023 Sustainability Report underscores the work the company is doing to help create a skilled, engaged workforce that is comfortable using these tools, and the importance of partnering across government, educational institutions, and industry to develop needed workforce skills, now and in the future.

“In a time when workforce and skill shortages impact manufacturers in every industry, enabling people to become comfortable with the newest technology and giving them opportunities to upskill along the way can be the difference between success and failure,” said Moret.

He added, “When a human-centric approach is applied to technology implementation, we see improvement in nearly every aspect of the manufacturing operation—from efficiency to worker safety—delivering results that have a positive impact on both the bottom line and sustainability.”

Learn more in Rockwell Automation’s 2023 Sustainability Report.

Bengaluru, 24th January, 2024: Plum, India’s leading insurtech platform offering group health insurance and business insurance solutions to over 3500+ corporations has flagged disconcerting facts on Indian working women’s awareness on cervical cancer and its vaccination. A whopping 88% of working women are not vaccinated against cervical cancer. Of these unvaccinated working women, 63% are oblivious to the existence of vaccines and screenings. With age-standardised incidence and mortality rates of 22 and 12.4 per 100,000 women per year, cervical cancer is the second leading cause of cancer deaths among women in India (source).

With January observed as Cervical Cancer Awareness Month, Plum surveyed 250+ working women aged between 21 and 47 from India’s metro cities and observed that the high cost ranging from ₹3,700  to ₹10, 000 per dose* of vaccination is a hurdle to cervical cancer prevention  – 26% of unvaccinated working women cited cost as a significant barrier, while an unexpected 60% of those who underwent vaccination reported costs exceeding their expectations. Accessibility too has been a concern with 10% of the unvaccinated women who have the intention of getting vaccinated don’t know where to begin.

*It is crucial to note that the vaccination regimen for cervical cancer prevention requires two-three doses.

Dr. Nupur Gupta, Director-Obstetrics & Gynaecology, Fortis Memorial Research Institute, Gurugram and senior gynaecologist from Plum Telehealth highlighted the critical need for screening and early detection as a top priority, stating, “Prioritised screening and early detection can prevent and manage cervical cancer. Regular pap smears, especially the more sensitive Liquid-Based Cytology (LBC) testing, offer strong detection when paired with Human Papillomavirus (HPV) screening. Making certain lifestyle decisions is also essential for lowering hazards.”

In the conversation, Dr Gupta shared a few guidelines for preventing cervical cancer (perhaps the only cancer that can be prevented through screening and vaccination).

Saurabh Arora, Co-founder at  Plum, expressed, “At Plum, it has been our endeavour to positively impact the health and financial well-being of every human. With a workforce of 39 million women driving business growth, employers bear a crucial responsibility to champion the health of their employees. Acknowledging the significant challenges related to awareness, cost and accessibility, companies can proactively address these issues by organising screening camps and facilitating vaccination drives for cervical cancer awareness, detection and prevention.”

Plum has partnered with Proactive for Her, a women’s health tech company that offers in-clinic and virtual women’s menstrual, sexual and reproductive healthcare across all life stages through expert consultation, diagnostic support and cancer screening services to offer discounted consultation, diagnostics and screening camps to its member corporations.

Achitha Jacob, Founder & CEO, Proactive for Her said, “India has the highest rate of Cervical Cancer in Asia. Cervical Cancer Awareness Month gives us the opportunity to highlight the importance of prevention and screening in the fight against the HPV virus, the leading cause of cervical cancer. We are committed to vaccinating tens of thousands of women against the HPV virus. It is important for insurtech companies to spotlight all areas of women’s health and we are thrilled to see Plum taking such steps.”

Plum has been at the forefront to drive a transformative cultural shift in corporate healthcare practices and as an insurtech player dedicated to making insurance more accessible, efficient, and user-friendly for all. Recently, Plum introduced super-top health insurance plans in group policy settings helping individuals to enhance their health insurance coverage and making it accessible for them with convenience and affordability.

24th January 2024:  TPV Technology Limited, the world’s largest LCD manufacturer, has announced the appointment of Carol Anne Dias as its new Managing Director, to spearhead operations of AOC and Philips monitor divisions in India. Under her new strategic role, Carol will be responsible to drive the company’s monitor business to the next level, by aligning the business operations towards growth and aggressively penetrating all major metro cities across India.

The move comes in line with the company’s goal to meet local market demands and ensure availability of its innovative portfolio of monitor solutions. Carol will be aggressively promoting Philips and AOC monitors, along with AOC’s sub-brand ‘AGON by AOC’, one of the world’s strongest portfolios of high-performance gaming monitors. She will oversee the channel, retail (organized, micro-retail & e-commerce), network of gaming systems integrators, and the overall sales and marketing by leveraging key distribution channels across India.

Commenting on the appointment, Kevin Wu, General Manager – APMEA, said “We are thrilled to have Carol onboard with us to head our Indian operations. She has already played a pivotal role in  accelerating the growth of our innovative state of the art monitors portfolio in the Middle East and Africa, thereby capturing a significant market share in the region. Carol in her new role, will help place AOC and Philips at the center of the digital transformation and gaming monitor business in India. We are confident in her abilities to further strengthen our footprint in India. Under her able leadership, we are looking forward to changing our market strategy as a whole and also focus more on establishing our gaming monitors brand in the Indian market.”

Currently, the gaming monitors industry is on the rise in the Indian market, expected to reach from US$ 108 million in 2023 to US$ 235.53 by 2033. The popularity of eSports, the increase in gamers, and the accessibility of inexpensive gaming displays are some of the key factors contributing to the growth. TPV Technology looks forward to encash on the opportunity and is eyeing a boost in the growth of AOC’s leading gaming monitor sub-brand, AGON by AOC, which is the world’s number one gaming monitor according to the Q3/2023 IDC Quarterly Gaming Tracker report.

“As the horizon of 2024 beckons, we stand primed for an era of even grander achievements. The thrust for 100Hz high speed Thunderbolt™ 4 in B2B, along with the continued surge of high refresh gaming monitors for B2C clientele, chart our course. We anticipate a dazzling suite of mini-LED and OLED monitors, each affirming our dedication to redefining excellence. Furthermore, as we innovate, we act with responsibility, honoring our pledge to do our part in creating a better world and reducing our carbon footprint,” added Kevin Wu.

Commenting on her new role and responsibilities, Carol Anne Dias, said, “I am glad to accept my new role to further strengthen both AOC and Philips growth plans in the Indian market. The Indian gaming market is going through a paradigm shift, which has induced a demand of high quality and reliable gaming monitors amongst the end consumer. Our aim will be to further solidify our position in the Indian market through expanding our gaming monitor portfolio and providing our customers with everything they would want”.

Carol brings over 22 years of working experience in the technology and IT segment, where she has a proven track record of achieving profitability and market leadership in her previous positions. Before joining AOC, Carol held leadership positions at prominent organizations such as Belkin International and Redington Gulf, where she played a pivotal role in driving sales and market expansion. She holds a degree in Economics from India.

24th January, 2024:  Embrace the magic of cinema as the 69th Hyundai Filmfare Awards 2024 with Gujarat Tourism, is poised to captivate audiences at GIFT City Gujarat on January 28th. Prepare for an unforgettable evening featuring stellar performances by Ranbir Kapoor, Varun Dhawan, Kareena Kapoor Khan, Janhvi Kapoor, Sara Ali Khan, and Kartik Aaryan. It will be a celebration packed with star-studded excitement, honouring the best in Indian Cinema.

This glamorous event will be hosted by the dynamic trio, Karan Johar, Ayushmann Khurrana, and Maniesh Paul, promising an evening filled with entertainment, laughter, and celebration of cinematic excellence.

Cinephiles eager to witness this extravaganza can secure their tickets exclusively on Bookmyshow.com, please note that these tickets are non-transferable, and stringent measures will be taken against any individuals found engaging in the unauthorised resale of tickets. The evening will see stars and filmmakers showered with accolades, with the winners receiving the coveted Black Lady for their excellent performances throughout the remarkable year of 2023.

Join Filmfare in GIFT City, Gujarat for an extraordinary celebration of the finest in Indian cinema at the 69th Hyundai Filmfare Awards with Gujarat Tourism.

So, don’t miss the chance to be a part of this enthralling evening! Grab your non-transferable tickets now on BookMyShow before it’s all sold out.

Don’t miss the star-studded kickoff! Witness the Curtain Raiser of the 69th Hyundai Filmfare Awards 2024 LIVE, at Mahatma Mandir Convention & Exhibition Centre, Gandhinagar Gujarat on 27th January 2024. Click here to book your non-transferrable tickets on Bookmyshow for Filmfare’s premiere night now!

Welcome to the world where buffering, dead zones, and slow internet connections are relics of the past. If you’re ready to experience effortless connectivity with seamless high-speed Wi-Fi for your entire property, Orbi delivers elite performance with zero compromises.

Looking for the Ultimate Mesh System?

This Ultimate Buyers’ Guide for the NETGEAR Orbi Mesh Systems will take you on an informative journey into the future of Wi-Fi. If you’ve been dreaming of a home network that defies limitations, Orbi is the right solution to enhance your digital experience with a seamless network of speed, coverage, and unmatched performance.

Why Choose Orbi?

In the realm of cutting-edge Wi-Fi connectivity, Orbi Mesh Systems are the undisputed champions. Here’s why choosing Orbi over other mesh routers and systems is not just a decision – it’s a strategic investment in a superior networking experience.

Blanket Coverage, No Dead Zones:

Orbi Tri-Band and Quad-Band technology ensures that every corner of your home is enveloped in a seamless web of connectivity. Say goodbye to frustrating dead zones and experience uninterrupted browsing, streaming, and gaming, regardless of where you are within your home.

Unparalleled Speeds:

Orbi Mesh Routers and Satellites utilize the latest Wi-Fi 6 and Wi-Fi 7 technology, delivering lightning-fast speeds that can handle the demands of modern online activities. Whether you’re streaming 4K videos, engaging in online gaming, or hosting video conferences, Orbi ensures that lag and buffering are no more than relics of the past.

Easy Setup:

Setting up an Orbi Mesh Network is a breeze. With the user-friendly Orbi app guiding you through the process, you’ll have your network up and running within minutes. The Orbi app is compatible with both iOS and Android devices.

Seamless Roaming:

Orbi’s unique mesh design ensures that your devices seamlessly transition between router & satellite units as you move around your home. You’ll experience no drops in signal strength or disruptions, allowing you to roam freely without interruption.

Advanced Security Features:

Protecting your network and personal data is a top priority. Orbi takes this seriously, providing robust security features such as built-in NETGEAR Armor to safeguard against online threats, malware, and phishing attacks.

Scalability and Customization:

Whether you have a small apartment or a sprawling estate, Orbi’s modular system allows you to customize your network’s size according to your needs. Expand Wi-Fi effortlessly by adding more Orbi Satellites to your setup and enjoy consistent performance throughout your space.

Unrivaled Performance in a Stylish Package:

Orbi doesn’t just excel in performance; its sleek and modern design complements any home environment. No more unsightly antennas and clunky hardware – Orbi Routers and Satellites are available in black and white and are engineered to blend seamlessly with your decor.

“India’s rapidly growing digital ecosystem has proved to be a boon to its economy and is estimated to contribute over 20% to the country’s GDP by 2026. However, with digital evolution, India has also emerged as the most targeted country in terms of cyber-attacks, accounting for 13.7% of all attacks worldwide. Indian government agencies witnessed a 95% increase in cyberattacks in 2022, as compared to the previous year.

We have recently released a joint Threat report in collaboration with DSCI that delves into the geographic and sectoral impact of cyber threats, shedding light on the top states, cities, and industries targeted throughout the year. From our analysis, it’s evident that no region or sector is immune to the reach of these malicious attacks. This first-of-its-kind India-centric report brings actionable insights based on data from 8.5 million endpoints and 400 million detections. Industries including the Automobile supply chain, Government, and Education sectors have emerged as the most vulnerable, followed by Power and energy, hospitality, healthcare, logistics, and other industries.

Our team of experts at Seqrite Labs, the country’s largest malware analysis lab has observed a notable increase in Trojans and Infectors, with 25% of attacks originating from malicious links. In the mobile sector, where the Android operating system held a dominant 71% market share, there were on average 3 attacks per device per month observed on .5 million devices which were covered in the research. G20-related Hacktivist attacks on public and private websites raised concerns, a trend expected to continue around major events in 2024 with Indian general elections and global events like the Olympics being planned in the year ahead. Advanced threats like AI-powered malware, “living off the land” binary (LoLBins) attacks, and Hactivist-fueled campaigns are on the horizon. Deep Fakes, Vishing, dating app scams, and ransomware will continue to exploit vulnerabilities in the cybersecurity supply chain.

While the misuse of AI’s potential for phishing and spear-phishing breaches exists, its integration into cybersecurity solutions offers immense promise in mitigating the risks posed by such attacks. Adaptive learning allows systems to evolve with threats, continuously refining models for improved accuracy and effectiveness.

With this and more, we stand committed to simplifying cybersecurity for enterprises and government organizations by providing comprehensive & innovative solutions that are powered by state-of-the-art threat intelligence and playbooks backed by world-class service provided by best-in-class security experts.” said, Vishal Shalvi, Chief Executive Officer, Quick Heal Technologies Limited.

“As we navigate the ever-evolving landscape of cybersecurity, it’s crucial to reflect on the lessons learned in 2023 to fortify our defenses in 2024. Our commitment to staying ahead of cyber threats drives us to embrace adaptive learning and statistical analysis as powerful tools in our arsenal. By continuously learning from the evolving threat landscape, we empower ourselves to predict, prevent, and respond to cyber threats with unparalleled precision. In 2024, let us not only anticipate the challenges that lie ahead but also leverage cutting-edge technologies to enhance cybersecurity resilience, ensuring a safer digital future for all.” Raj Sivaraju, President APAC, Arete IR LLP

As we navigate the complexities of an ever-evolving digital landscape, this dynamic duo not only fortifies our defenses but empowers us to proactively stay ahead of emerging threats. By embracing continuous learning and leveraging the insights derived from statistical analysis, we not only safeguard our digital fortresses but also lay the groundwork for a secure and adaptive cybersecurity ecosystem. As we forge ahead.

Mumbai (S.N)- Crafting the Future of Excavation: Building on a legacy of Reliability and Performance, the New Advanced EX 200LC Prime inherits a strong lineage from its predecessors. With a history of proven durability and efficiency, this upgraded machine continues to uphold Tata Hitachi’s commitment to delivering High-quality Construction Equipment. The legacy of the EX 200LC series lays the foundation for the Prime’s reputation as a Dependable and Innovative Solution for diverse construction needs.

The launch took place at Hotel Renganza by Tunga, in the presence of esteemed customers, senior management of Tata Hitachi, and AUTOBAHN Terra Go (Authorised Dealer Partner). With higher fuel efficiency, lower maintenance cost, and higher resale value, the all-new EX 200LC Prime promises the highest return on investment to the customers in this category.

Regarding this launch event, Mr. BKR Prasad, General Manager – Marketing of Tata Hitachi, said:‘’This ground-breaking addition to Tata Hitachi’s product line-up is a testament to the company’s unwavering commitment to innovation and its dedication to crafting the future of excavation. The EX 200LC Prime promises to elevate industry standards and set new benchmarks for excellence.’’

Bengaluru, India,24th January 2024: From India’s Personal Data Protection Bill to Brazil’s General Data Protection Law, the past year saw new developments and updates to privacy regulations across the globe. According to ISACA’sPrivacy in Practice 2024 survey report, half (51 percent) of the India-based respondents say their organizations find it easy to understand their privacy obligations, and a majority (62 percent) are very or completely confident in their organization’s privacy team’s ability to ensure data privacy and achieve compliance with new privacy laws and regulations.

More than 1,300 professionals globally, including 71 from India, who work in data privacy roles responded to the survey, weighing in on privacy topics such as staffing, organization structure, policies, budgets and training.

Privacy Challenges
In addition to finding it easy to understand the privacy regulatory landscape, organizations in India also feel that the budget is currently mostly appropriate. More than half of respondents (51 percent) say their privacy budget is appropriately funded and only 23 percent say their budget is somewhat or significantly underfunded. When looking at the year ahead, 42 percent say that they expect their budget will increase (down 20 points from last year), and only 1 percent say it will remain the same (down 8 points from last year). However, a third of respondents (32 percent) expect a decrease in budget, which is higher than last year, when only 6 percent expected a decrease in budget.

The path to forming a privacy program is not always a smooth one, either, with Indian respondents indicating that the top obstacles include:

• • Lack of competent resources (44 percent)
  • Complex international legal and regulatory landscape (35 percent)
  • Management of risks associated with new technologies (35 percent)
  • Lack of clarity on the mandate, roles, and responsibilities (34 percent)

In seeking those competent resources, technical privacy positions are in highest demand, with 75 percent of Indian respondents indicating there will be increased demand for technical privacy roles in the next year. Legal/compliance roles come a close second with 73 percent feeling that there will be increased demand. However, respondents indicate there are skills gaps among these privacy professionals; they cite experience with different types of technologies and/or applications (58 percent) as the biggest one.

When looking at common privacy failures, respondents in India pinpointed the non-compliance with applicable laws and regulations (44 percent), data breach/leakage (42 percent) and not practicing privacy by design (41 percent) as the main concerns.

“When privacy teams face limited budgets and skills gaps among their workforce, it can be even more difficult to stay on top of ever-evolving and expanding data privacy regulations and even increase the risk of data breaches,” says SafiaKazi, ISACA principal, privacy professional practices. “By understanding where these challenges lie, organizations can take the necessary measures to remedy them and change course to strengthen their privacy teams and programs.”

Taking Action
One of the ways that organizations are mitigating both workforce gaps and privacy failures is through training. A majority of India-based respondents (61 percent) note they are training to allow non-privacy staff to move into privacy roles, while 45 percent have increased reliance on credentials to attest to actual subject matter expertise.

To assess the effectiveness of privacy programs, survey respondents in India note their organizations are most often taking the approach of: –

• Performing a privacy risk assessment (68 percent)
• Performing a privacy impact assessment (PIA) (61 percent)
• Undergoing a privacy audit/assessment (46 percent)
• Performing a privacy self-assessment (41 percent)

Global Insights
With employee training, 86 percentglobally indicate their organization provides privacy awareness training for employees, with 66 percentare providing training to all employees annually, and 52 percent of global respondents are providing privacy awareness training to new hires.Sixtypercent of organizations review and revise privacy awareness training at least annually. Seventy-one percent believe that privacy training has had a strong or some positive impact on privacy awareness in the organization. Interestingly, respondents note that their organizations are most often looking at the number of employees completing training (65 percent) as the main metric used to track effectiveness of privacy training and not a decrease in privacy incidents (56 percent).

Organizations are also taking action to strengthen data privacy by using a variety of privacy controls beyond what may be legally required, with the top three globally being identity and access management (74 percent), encryption (73 percent), and data security (72 percent).

Despite the challenges faced, 63 percent of global organizations say they did not have a material privacy breach in the past 12 months, and 18 percent are not seeing a change in the number of breaches they are experiencing. Respondents are also optimistic about the coming year: less than 1 in 5 (16 percent) say they expect a material privacy breach in the next 12 months.

Value of Privacy by Design
One of the clearest takeaways from the survey results is that globally, organizations that practice privacy by design experience some key advantages:

• They have more employees in privacy roles (median staff size 15 vs. nine among all respondents) and are more likely to say their technical privacy department is appropriately staffed (42 percent vs. 34 percent among all respondents).
• They strongly believe their board of directors prioritizes organization privacy (77 percent vs. 57 percent total).
• They are much less likely to see organizational privacy programs as purely compliance driven (35 percent vs. 44 percent total), and more likely as a combination of compliance, ethics and competitive advantage (39 percent vs. 29 percent total).
• They are much more likely to see their organization’s privacy strategy aligned with organizational objectives (90 percent vs. 74 percent total).

• They use many more privacy controls in total, overall, than are legally required:

o Data minimization and retention controls (54 percent vs. 39 percent among all respondents)
o Data quality and integrity (50 percent vs. 38 percent)
o Cryptographic protection (59 percent vs. 46 percent)

• Feel their privacy budget is appropriately funded (50% vs. 36% total)
Ultimately, organizations globally that always practice privacy by design are also much more likely to be very or completely confident in their organization’s privacy team’s ability to ensure data privacy and achieve compliance with new privacy laws and regulations (71 percent versus 43 percent).

“As privacy regulations world over continue to evolve, it’s promising to see the growing confidence among Indians in overcoming issues. ISACA’s survey clearly shows that organizations today are more adept at understanding their privacy obligations and are also confident in the ability of their teamsto ensure compliance and data privacy,” says R.V. Raghu, ISACA India Ambassador, and Director, Versatilist Consulting India Pvt Ltd. “However, the anticipated shifts when it comes to budgetary expectations show that it is important for companies to strategically enhance their resource allocation, especially with impending financial constraints.”

Recently, ISACA explored other privacy themes in new white papers. Eliminating Deceptive Privacy Practices: Building Trust by Addressing Privacy Dark Pattern explores the problematic nature of dark patterns and strategies that can be used to replace them for consumer-centric alternatives. Applied Data Management for Privacy, Security and Digital Trust examines the connection between privacy and data management and how privacy and security can support digital trust, and educates readers on building and maintaining a data management program that works for their needs.

The Privacy in Practice 2024 survey report is complimentary and can be accessed at www.isaca.org/privacy-in-practice-2024Additional privacy resources can be found at: www.isaca.org/resources/privacy.

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24th January 2024: With the onset of 2024, ShopClues celebrates its 13th anniversary on January 26, 2024. The brand started its journey in 2011 with its launch on Facebook with a team of 5 members. Currently, the team has 300+ employees and continues to grow.

ShopClues revolutionized the bazaars of India and received 100 million monthly visits, with 10+ lakhs merchants, 100 Million SKUs, and delivering to 40000 pincodes in India. It brought together the concept of India’s first online wholesale marketplace, receiving the largest merchant base in e-commerce shopping in 2017. The brand has its own merchandising properties such as Sunday Flea Market, Refreshing Monday sale, Wednesday Brand Bazaar, and Triple Value Friday.

The brand received many accolades and was selected as a super startup in 2017 by Superbrands India. Radhika Ghai was awarded the ASSOCHAM Entrepreneur of the Year award in 2017. She was also awarded the First Ladies Award in 2018 for being the first lady in the Indian e-commerce ecosystem to run a Unicorn company. President Shri Ram Nath Kovind presented the award, instituted by the Ministry of Women and Child Development.

In November 2019, The Clues Network, the holding company of ShopClues, merged with Qoo10, a leading e-commerce platform from Singapore. Qoo10.com is a leading e-commerce platform, catering to customers and sellers worldwide. Currently, the parent firm will invest Rs 165 crore to speed up cross-border e-commerce. It will target Asian markets like Singapore, Korea, and Japan, and sell products from the Indian market through the e-commerce route there. ShopClues is now changing its positioning and rebranding itself as a cross-border e-commerce platform from a value-based domestic e-commerce player. They will now be taking Indian products to the Asian markets.

Celebrating the milestone, Mr. Anuraag Gambhir, MD ShopClues, said, “We are ecstatic and overjoyed on reaching this landmark. It has been a tremendous journey of growth and learning. We started our ride as an online bazaar for people to shop, and today our focus is on cross-border trade targeting international countries. I am thankful to everyone who has contributed to making ShopClues what it is today and looking forward to celebrating more milestones together.

ShopClues also plans to bring international brands to India. The orders are serviced through Qxpress, the logistic arm of Qoo10. The Ayodhya Development Authority recently onboarded ShopClues as its technology partner to manage and develop a Tourism Centric Platform for Ayodhya. ShopClues is also in talks with the Directorate General of Foreign Trade (DGFT), Ministry of Commerce and Industry, Government of India, etc. to take part and promote e-commerce exports from the country.