Updater Services Limited initial public offering to open on September 25, 2023

 

New Delhi, 23rd September 2023: Updater Services Limited (the “Company”), shall open its Bid/Offer in relation to its initial public offering of Equity Shares on Monday, September 25, 2023. The Offer comprises of a fresh issue of Equity Shares aggregating up to ₹ 4,000.00 million (“Fresh Issue”) and an offer for sale up to 8,000,000 Equity Shares by selling shareholders (the “Offer for Sale” and together with the Fresh Issue, the “Offer”).

The Anchor Investor Bidding Date shall be Friday, September 22, 2023. The Bid/Offer will open on Monday, September 25, 2023 for subscription and will close on Wednesday, September 27, 2023.

The Price Band of the Offer has been fixed at ₹ 280 to ₹ 300 per Equity Share. Bids can be made for a minimum of 50 Equity Shares and in multiples of 50 Equity Shares thereafter.

The Company, as part of the Objects of the Offer, proposes to utilize the Net Proceeds raised through the Fresh Issue towards Repayment and /or prepayment of certain of its outstanding borrowings, amounting to ₹ 1,330.00 million. Further, the Company intends to utilize ₹ 800.00 million from the Net Proceeds towards pursuing unidentified inorganic initiatives, ₹ 1,150.00 million from the Net Proceeds towards funding its working capital requirements and the balance amount from the Net Proceeds towards general corporate purposes.

The Offer for Sale comprises of up to 4,000,000 Equity Shares by Tangi Facility Solutions Private Limited (The Promoter Selling Shareholder), up to 800,000 Equity Shares by India Business Excellence Fund-II and 3,200,000 Equity Shares by India Business Excellence Fund-IIA (“Other Selling Shareholders”).

The Equity Shares offered through the Red Herring Prospectus dated September 18, 2023 are proposed to be listed on BSE Limited (“BSE”) and the National Stock Exchange of India Limited (“NSE”). For the purposes of the Offer, BSE is the Designated Stock Exchange.

This Offer is being made through the Book Building Process, in terms of Rule 19(2)(b) of the Securities Contracts (Regulation) Rules, 1957 read with Regulation 31 of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018 (“SEBI ICDR Regulations”) and in compliance with Regulation 6(2) of the SEBI ICDR Regulations, wherein not less than 75% of the Offer shall be allocated on a proportionate basis to Qualified Institutional Buyers (“QIBs” and such portion the “QIB Portion”), provided that our Company, in consultation with the Book Running Lead Managers, may allocate up to 60% of the QIB Portion to Anchor Investors on a discretionary basis in accordance with the SEBI ICDR Regulations (“Anchor Investor Portion”), of which one-third shall be reserved for domestic Mutual Funds, subject to valid Bids being received from domestic Mutual Funds at or above the Anchor Investor Allocation Price. In the event of under-subscription, or non-allocation in the Anchor Investor Portion, the balance Equity Shares shall be added to the QIB Portion (other than the Anchor Investor Portion) (the “Net QIB Portion”).

Further, 5% of the Net QIB Portion shall be available for allocation on a proportionate basis only to Mutual Funds, and the remainder of the Net QIB Portion shall be available for allocation on a proportionate basis to all QIBs, including Mutual Funds, subject to valid Bids being received at or above the Offer Price. Further, not more than 15% of the Offer shall be available for allocation on a proportionate basis to Non-Institutional Bidders (out of which (i) one third shall be reserved for applicants with application size of more than ₹ 0.20 million and up to ₹ 1.00 million, and (ii) two-thirds shall be reserved for applicants with application size of more than ₹ 1.00 million, provided that the unsubscribed portion in either of such sub-categories may be allocated to applicants in the other sub-category of Non-Institutional Bidders), and not more than 10% of the Offer shall be available for allocation to Retail Individual Bidders in accordance with the SEBI ICDR Regulations, subject to valid bids being received at or above the Offer Price.

All Bidders, other than the Anchor Investors, are mandatorily required to participate in this Offer only through an Application Supported by Blocked Amount (“ASBA”) process by providing details of their respective ASBA Account (as defined hereinafter) and UPI ID in case of UPI Bidders (as defined on page 11 of the RHP), as applicable, pursuant to which their corresponding Bid Amounts will be blocked by the Self Certified Syndicate Banks (“SCSBs”) or by the Sponsor Bank(s) under the UPI Mechanism, as the case may be, to the extent of respective Bid Amounts. Anchor Investors are not permitted to participate in the Offer through the ASBA process. For details, please see the section entitled “Offer Procedure” on page 514 of the RHP.

IIFL Securities Limited, Motilal Oswal Investment Advisors Limited, and SBI Capital Markets Limited are the book-running lead managers (“BRLMs”) to the Offer.

All capitalized terms referred to in this press release that have not been defined shall have the same meaning as prescribed in the RHP.

Disclaimer:

UPDATER SERVICES LIMITED is proposing, subject to, receipt of requisite approvals, market conditions, and other considerations, to undertake an initial public offer of its Equity Shares and has filed the RHP with the Registrar of Companies, Tamil Nadu at Chennai. The RHP shall be available on the website of SEBI at www.sebi.gov.in, websites of the Stock Exchanges i.e. BSE Limited and National Stock Exchange of India Limited at www.bseindia.com and www.nseindia.com, respectively, the Company at www.uds.in and is available on the websites of the BRLMs, i.e. IIFL Securities Limited, Motilal Oswal Investment Advisors Limited and SBI Capital Markets Limited at www.iiflcap.com, www.motilaloswalgroup.com, and www.sbicaps.com, respectively.

Any potential investor should note that investment in equity shares involves a high degree of risk and for details relating to such risk, please see the section entitled “Risk Factors” on page 34 of the RHP. Potential investors should not rely on the Draft Red Herring Prospectus for making any investment decision instead should rely on RHP.

The Equity Shares offered in the Offer have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws in the United States, and unless so registered, may not be offered or sold within the United States, except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the U.S. Securities Act and in accordance with any applicable U.S. state securities laws. Accordingly, the Equity Shares are being offered and sold only outside the United States in ‘offshore transactions’ as defined in, and in reliance on Regulation S under the U.S. Securities Act and the applicable laws of the jurisdictions where such offers and sales are made.

Glenmark Pharma announces Proposed Divestment of Majority Stake in Glenmark Life Sciences

Bangalore, India, 23rd September 2023 Glenmark Pharmaceuticals Limited (“Glenmark Pharma”), a research-led, integrated, global pharmaceutical company has entered into a definitive agreement with Nirma Limited to divest 75% stake in its subsidiary, Glenmark Life Sciences Limited (“GLS”), at a price of INR 615/- per share for an aggregate consideration of INR 56,515 mn, subject to closing adjustments. Glenmark Pharma own 7.84% in GLS after the divestment. The transaction is subject to customary closing conditions precedent, including receipt of regulatory and shareholder approvals.

Pursuant to the transaction, Nirma Limited will make a mandatory open offer to all public shareholders of GLS.

Commenting on the divestment, Glenn Saldanha, Chairman and Managing Director, Glenmark Pharmaceuticals Limited said, “We are pleased to announce this strategic transaction with Nirma Limited, which marks a significant milestone in shaping an independent growth trajectory for GLS. This deal aligns with our strategic intent of moving up the value chain to become an innovative/brand led organization, with continuous focus on our core therapeutic areas of dermatology, respiratory and oncology. It also presents an opportunity for us to strengthen shareholder value through deleveraging and enhancing our overall return profile.”

Speaking on the announcement Dr. Yasir Rawjee, Managing Director and CEO, Glenmark Life Sciences Limited said, “Today’s announcement marks the next step in the journey of the company, one that will accelerate growth and help create more value for our stakeholders in the long term. We will continue to operate as an independent API company under the new ownership of Nirma Limited. I see this as an opportunity to further strengthen our position in the API industry and continue the growth trajectory.”

Glenmark Pharma will continue to focus on consistent growth across its key markets whilst having a strong emphasis on return ratios with net cash positive balance sheet, ultimately creating value for its shareholders.

Kotak Investment Banking acted as the exclusive financial advisor to Glenmark Pharma and GLS on this transaction. S&R Associates acted as legal advisor to Glenmark Pharma and Trilegal acted as legal advisor to GLS.

LDF, India’s first expo bringing livestock, dairy and fisheries ecosystems under one roof kicked off

DR L NARASIMHA MURTHY_DR TARUN SHRIDHAR SEEN INAUGURATING LDF INDIA 2023 EXPO

Hyderabad, September 22, 2023……. India’s all-in-one and Industry-focused Livestock, Dairy and Fisheries Trade Exposition and knowledge Conclave “LDF India” began at Hitex on Thursday. LDF stands for Livestock, Dairy and Fisheries. The three-day expo which concludes on Sunday features 80 stalls highlights the significant benefits, and showcases the strengths and export potential of the sector.

It is jointly hosted by Hitex and Aqua Farming Technologies and Solutions (AFTS).

It was formally inaugurated by Dr Tarun Shridhar, Former Union Secretary—AHD, Govt of India and Member, Central Administrative Tribunal, Dr L. Narasimha Murthy, ARS, Chief Executive I/c & Senior Executive Director, National Fisheries Development Board (NFDB); Susheela Chintala, Chief General Manager, NABARD, Telangana; D. Chandra Sekhar, IEDS, Additional Development Commissioner; Sri WVR Reddy, IAS and Mr. Venu Dantuluri -AFTS.

Addressing the gathering Dr Tarun Shridhar said livestock never got its due credit. It has always been a subset of Agriculture. India lives in villages. You won’t find a farmer without having a connection to livestock. Livestock is somehow relegated to a secondary role. However, India has a significant livestock population, is a major global fish producer, and leads in global milk production and consumption. A dedicated expo on LDF is the need of the hour and I hope that it will soon graduate on par with Boston SeaFoods at the global level.

India is the Data Capital of the world. Technology has been disrupting. Technology in Animal Husbandry is no exception. However, the livestock industry is overlooked and under-serviced, although it is the most vital and provides much-needed renewable natural resources that we rely on daily. So why is the process of adopting technology so slow within this industry? he asked. Expos like this not only showcase our strengths but also wake up our policyholders Dr Tarun Shridhar said.

LDF

The livestock sector is a fast-growing sector of our economy. It records 8.5% growth, which is higher than the manufacturing and services sector, he added. Dr L. Narasimha Murthy, Chief Executive of the National Fisheries Development Board (NFDB), an autonomous organization under the administrative control of the Department of Fisheries, Ministry of Fisheries, Animal Husbandry and Dairying, Government of India said the livestock sector thrived even during covid and recorded 8 to 9% growth. Speaking about the Pradhan Mantri Matsya Sampada Yojana (PMMSY), he said it is an initiative launched by the Government of India to establish a comprehensive framework and reduce infrastructural gaps in the fisheries sector. It has generated 47.19 lakh employment opportunities. It has achieved 174 lakh tonnes of record fish production in 2022-23. It achieved Rs 63,960 crores of seafood exports. 33.86 lakh fisheries are covered annually under the Ground Accident Insurance Scheme. Further, he said that India is the second largest Aquaculture Producer in the World and about 68% of India’s fish come from the aquaculture sector.

Cattle are power. Livestock has always been an integral part of Agriculture. But it is no longer seen as attractive, though it has very good potential. But good days have come back as the whole world is talking about natural, organic and regenerative farming. The livestock sector now is seen as a very big sector with great potential just as food security but as nutrition security. Livestock products assume greater importance in light of India’s 107 positions out of 121 in the World Hunger Index. With more than 70% of the meat-consuming population, India needs to gear up to meet the projected demand of 18.1 MT and per capita meat consumption of 13.8 kg in 2050, said Suseela Chintala, Chief General Manager, NABARD.

D. Chandra Sekhar, Additional Development Commissioner, Ministry of Micro, Small and Medium Enterprises, Govt of India said the Ministry has enabled 46(23 local and 23 non-local) Micro and Small entrepreneurs to participate in India. WVR Reddy, a retired bureaucrat and a subject expert said we all are connected to livestock from our early childhood. But our youth are no longer interested in it. We must make this sector a blue-collar-like sector so that we can attract youth. To make it attractive. you need to bring technology and innovation.

Dalit Bandhu beneficiaries also plan to visit the expo to explore opportunities.

Godavari Cuts displayed 25 kg of YellowFin Tuna, a rare variety of fish. Yellowfin can live up to six or seven years. They are highly migratory and are found throughout the Pacific, Atlantic and Indian Oceans. Yellowfish tuna is endangered. The species also ranks among the largest tuna species globally. The expo has many stalls such as Country Chicken, which was founded by two young entrepreneurs Saikesh Gound and Mohd Sami Uddin, who talk about the world’s first odorless meat store. Many stress the need for modern meat stores, meat stores which are hygienic. Post-COVID hygiene has been a major concern for everybody. Though we have good, Hygienic shops for vegetables, not many hygienic meat shops are found. People are scared of buying meat from untrusted shops. They are scared to buy frozen fish. They are scared to buy chicken from untidy places. Women go out to buy vegetables, but meat is bought by men. Why is this? Asked many. Now things are changing and meat shops have become more hygienic.

Godrej Security Solutions Leads the Way in Revolutionizing Hospitality Security

New Delhi, 22nd September 2023: In an era where safety and security are paramount concerns, the hospitality industry has taken significant strides to ensure the well-being of its guests. Godrej Security Solutions, a business of Godrej & Boyce, the flagship company of the Godrej Group, is at the forefront of this transformation by introducing the latest innovative security solutions specifically designed for the hotel industry. With an extensive range of products, the company introduced two new ranges of Hotel Safes – Capital and Odyssey. These state-of-the-art safes intend to address the ultimate protection of guests’ valuable possessions while enhancing their overall experience.

These Hotel Safes have been meticulously designed to seamlessly combine compactness with durability, all while incorporating cutting-edge technology. These safes serve as the ultimate secure repository for your guests’ most valuable possessions, including cash, jewelry, passports, and other valuables.

The Capital Safes are available in three convenient sizes: 8L, 15L, and 25L, catering to various storage needs. These safes operate using a secure 4 to 8-digit password, with a 6-digit master code available for situations where you may not remember the password. The safes are equipped with solid steel shooting bolts, a mechanical override key, and a low battery indicator for added peace of mind. On the other hand, the Odyssey Safes take security to the next level with the NX PRO series Motorized lock, which operates using a secure 4 to 6 digit password and a 6 digit master code for emergency situations, ensuring enhanced safety. They offer a comprehensive feature set, including 100 Audit Trail entries, emergency access options via USB and Key, and a mounting provision for effortless installation. Additionally, a portable handheld access unit is available for managerial convenience, eliminating the need for a computer or laptop in certain situations. These safes are designed to provide top-notch security and convenience for both guests and management.

In addition to the Hotel Safes, the company also offers premises security solutions like Flap Barriers, Handheld Metal Detectors, Baggage Scanners, CCTV Cameras, Door Frame Metal Detectors, Pole Detectors, Bollards, Under Vehicle Scanners, Key Management System and Turnstiles for the hotel segment. The Key Management System keeps a digital record of who has which key in a given period, making it easier to identify security irregularity and handle it quickly. These innovative solutions from Godrej Security Solutions are not only designed to enhance the security of hotel guests but also to streamline operations for hotel owners and staff. The solutions are state of art, integrated over centralised software dashboard on premises or cloud.

Godrej Security Solutions highlighted their commitment to the Hospitality Industry as it has been one of the fastest growing industry and is expected to register a CAGR of 4.73% during the forecast period. The Indian hospitality market has been scoring a moderate growth number in the past few years. It has vast potential to score an even greater number in the future.

Mr. Pushkar Gokhale, Business Head, Godrej Security Solutions, said, “At Godrej Security Solutions we are committed to continuously innovate and deliver effective solutions to meet the changing security needs of our customers. The launch of the ‘Godrej Capital’ and ‘Godrej Odyssey’ marks a significant milestone in the evolution of hotels’ security solutions. Our new hotel lockers are a testament to our commitment to the hospitality industry. These lockers not only provide top-tier security but also add a touch of elegance to hotel rooms. In addition to the safes, we provide a comprehensive suite of premises security solutions, including Flap Barriers, Handheld Metal Detectors, Baggage Scanners, Key Management System, CCTV Cameras, Door Frame Metal Detectors, and Turnstiles tailored for the hotel segment. Furthermore, we take immense pride in delivering an exceptional customer service infrastructure. We also provide diverse touchpoints for our customers to connect with us. This is a step towards providing a seamless customer-friendly experience.”

As the hospitality industry continues to evolve, Godrej Security Solutions remains dedicated to providing cutting-edge security solutions that empower hotels to offer a safe and secure environment for their guests. With these innovative products, hotels can enhance their reputation, increase guest satisfaction, and ensure a brighter, more secure future for the industry as a whole.

Narayana Engineering College, Nellore & Intercell launch a 1:1 MNC mentoring program for students

Hyderabad, India 22nd September 2023 Narayana Engineering College based in Nellore and Gudur, AP has been at the forefront of career development for its students, therefore, to continue their efforts, they have partnered with Intercell, the World’s first AI and SaaS-based Career Mentoring platform.

Students at the college campuses in Nellore and Gudur will have access to Industry Mentors from renowned companies and MNCs. Each Mentor is a Senior leader in a top company and an industry expert in his or her field.

Currently, 300 students will participate in the Mentoring program, these students will come from both college campuses together.

With this Mentoring program,

● Narayana Engineering College students can book a 1:1 virtual Live mentoring session with an Industry Mentor

● A Career Mentoring Report will be given to each student who participates in the Mentoring program, this report will have details on the following:

o Student Self-assessment

o Mentor’s assessment of student’s strengths and areas of improvement

o Session highlights

o Next steps for students

● Students can interact with Mentors for up to 6 months via chat support provided by Intercell.

● Students will receive a Mentoring Certificate and Jobs/Internship recommendation.

Mr. Puneet Kothapa, President – Narayana Educational Society “Narayana Engineering College has striven to create academic and professional excellence for students in AP.

By partnering with Intercell, our students will get live access to industry professionals who can guide them in their future career growth. We look forward to a successful partnership.”

Mr.Arunabh Varma, Founder & CEO, of Intercell, said, “We are thrilled to partner with Narayana Engineering College. Our Mentoring program will help their students achieve their career goals.”

Varthana ranks 9th among Asia’s Large Best Workplaces for 2023

Bangalore, 22nd September 2023 Varthana, India’s largest Non-Banking Finance Company (NBFC) that provides loans to affordable private schools and students to pursue higher education in India, has ranked 9th among the Large Best Workplaces in Asia for 2023 by the Great Place to Work® institute. Varthana, in 2023, has also ranked 3rd in best mid size workplaces in India and among the top 25 BFSI firms in the country and top 10 India’s Best Mid-Size Workplaces for Millennials in terms of people practices and workplace culture & environment.

Varthana operates among the economically weaker sections (EWS), low-income group (LIG), and middle-income group (MIG) supporting affordable private schools and students with affordable school loan and education loan finance options. These loans are custom-built to suit a wide range of projects that help school leaders unlock their school’s potential, as well as for college-going students to achieve their educational goals.

Great Place to Work identified the Best Workplaces in Asia™ this year by surveying 2.1 million employees in Asia and the Middle East about the key factors that create great workplaces for all and by analyzing company workplace programs impacting 5.9 million employees in the region.

To be considered, companies had to be identified first as outstanding in their local region by appearing on one or more of the Best Workplaces lists in Bahrain, Greater China (including China, Hong Kong and Taiwan), India, Indonesia, Japan, Kuwait, Oman, Philippines, Qatar, Saudi Arabia, Singapore, South Korea, Sri Lanka, UAE, Vietnam during 2022 or early 2023.

This award is an indicator of the many positives that Varthana offers its employees, including healthy work culture, progressive work environment, equal opportunities for growth, compensation comparable to competitors, and a sound work-life balance.

92% of Varthana’s employees think highly of the organization’s social contributions, the management’s moral character, and their workplace’s safety, according to the results of this year’s poll. Varthana employees also feel a sense of pride in their work, as individuals, and the work organization as a whole, is doing.

Dedicating the award to the company’s employees, Steve Hardgrave, Co-founder and CEO of Varthana, said, “I am immensely grateful to all our valued employees who consistently demonstrate an unwavering passion for transforming affordable education in the country. This recognition is a testament to the collective dedication, hard work and focus of our team. Together, we are driving meaningful change and revolutionizing the way skill-oriented education is delivered to those with little means to receive it.”

Commenting further, Steve said, “Varthana has at its heart the principles of integrity, serving others, encouraging and supporting others and unlocking our own potential. These values provide everyone at Varthana a feeling of purpose, inspiring them to do better each day.”

Commenting on the award, Brajesh Mishra, Co-founder and COO of Varthana, said, “India has a large population of youth that possess the strength to change the world. Unfortunately, India lags behind in offering the skill-oriented education that is required for the country’s growing youth population. This disparity has become more acute in the post-COVID-19 times. At Varthana, we are working to bridge this gap through the support we lend to affordable educational institutions and students. It is heartening to note that as an organization we are able to offer a great work environment for our employees along with a feeling of purpose.”

Chandra Kumar CS, Chief Human Resources Officer & Head – Customer Experience at Varthana, states, “Varthana is committed to improving the nation’s access to skill-oriented education through financial and material assistance to schools to upgrade their facilities and instructional qualities. We also offer financial support to students seeking to get upskilled or higher education in India. For its employees, who are working consistently to make this possible, Varthana offers a stimulating atmosphere that includes sustenance, professional development, equal opportunities, engagement, and a healthy work-life balance.”

4-Year-Old Girl Gets New lease of life at American Oncology Institute (AOI) Hyderabad with Haploidentical Stem Cell Transplantation

4-Year-Old Girl Gets New lease

Hyderabad, 22nd September 2023— American Oncology Institute (AOI) Hyderabad successfully treated a 4-year-old girl through a groundbreaking Haploidentical stem cell transplantation, where her mother served as a donor. The young patient, named Deepika, initially sought medical help due to bleeding gums and frequent nosebleeds (epistaxis).

Her condition was further complicated by a drastically low platelet count (thrombocytopenia), which reached a critical level of 3000. Suspecting immune thrombocytopenia, Dr Ashok Kumar, Haemato-Oncologist and bone Marrow Transplant Physician at AOI initiated treatment with steroids. Upon further investigation, her bone marrow tests indicated amegakaryocytic thrombocytopenia, a rare congenital disorder where the bone marrow fails to produce sufficient platelets.

Dr Ashok Kumar, shared his insights, saying, “Congenital amegakaryocytic thrombocytopenia (CAMT) is a rare, inherited disorder characterized by a severely low number of megakaryocytes, a type of bone marrow cell that makes platelets that are important for clotting and preventing bleeding. Deepika’s case exemplifies the extraordinary resilience of young patients and the power of advanced medical interventions. Our collaborative approach, combined with her mother’s selfless contribution as a donor, paved the way for this heartening success.”

Advancing their diagnostic efforts, the medical team employed Next-Generation Sequencing (NGS) and identified a homozygous MPL mutation, a genetic alteration related to congenital a megakaryocytic thrombocytopenia. Given the complexity of the case, AOI Hyderabad’s experts decided on a curative approach—Haploidentical stem cell transplantation, using Deepika’s mother as the donor.

The peritransplant period proved difficult for Deepika, as she encountered complications such as seizures, hypertension, and others. However, the medical team managed these symptoms with proper medication and ensure her safety and recovery. After five months of rigorous medical care, Deepika made remarkable progress. Her platelet count improved significantly, exceeding 100,000, a positive sign of her body’s response to the treatment. As her health stabilized, her medications were carefully tapered, and she now relies on a single medication.

Dr Prabhakar P, Regional Chief Operating Officer, expressing his views stated, “By embracing cutting-edge treatments and fostering a nurturing environment, we aspire to provide hope and healing to every patient and family that walks through our doors. Deepika’s journey to recovery after undergoing a rare and complex Haploidentical stem cell transplantation underlines AOI’s dedication to pushing medical boundaries for the betterment of patients’ lives.”

American Oncology Institute (AOI) at Citizens Specialty Hospital, Nallagandla in Hyderabad offers a wide range of cancer treatment services in the region. The comprehensive cancer facility, housed within the 300-bed hospital, is dedicated to delivering integrated cancer care of the highest standard, powered by clinical excellence, cutting-edge technology, and international expertise. As a proud member of the elite global network of the International Tumor Board, AOI in Hyderabad collaborates closely with leading medical professionals worldwide. AOI Hyderabad specializes in a range of dedicated services, including Pediatric Hemato Oncology & BMT and Uro-oncology. Additionally, AOI’s Comprehensive Robotic Program employs cutting-edge technology for precise surgical interventions. Advanced Pain Management ensures optimal comfort and relief during treatment, while the Critical Care service ensures round-the-clock monitoring and support for critical cases.

Netscout Systems, Inc. Launches Adaptive Ddos Protection for Its Arbor® Threat Mitigation System

Bengaluru – 22nd September 2023-– NETSCOUT SYSTEMS, INC. (NASDAQ: NTCT), a leading provider of performance management, cybersecurity, and DDoS attack protection solutions, today launched Adaptive DDoS Protection for its Arbor® Threat Mitigation System (TMS) to dramatically improve detection of distributed attacks that dynamically change vectors and target numerous destination IP addresses at once.

NETSCOUT ASERT, the company’s expert security research and DDoS attack mitigation team, has documented a significant increase in dynamic Distributed Denial-of-Service (DDoS) attacks using multiple vectors and techniques to launch botnet-based, direct-path, state exhaustion, and application-layer attacks designed to evade conventional static network and cloud-only-based DDoS defenses. Carpet-bombing attacks have risen by more than 110%. They are particularly challenging for SOC teams to mitigate using conventional means as these attacks target large swaths of IP addresses versus a single host and generate hundreds or thousands of alerts per attack.

“Direct path attacks are overtaking reflection/amplification as the most popular DDoS attack vector, and they are increasingly botnet-driven, multi-vector, and dynamically adjusted in real-time,” said Patrick Donegan, founder and principal analyst, HardenStance. “NETSCOUT knows more about DDoS attacks than any other company. ASERT analyzes highly curated data from its ATLAS Intelligence Feed (AIF) and uses ML-based algorithms to recommend changes to attack countermeasures to stop DDoS attacks. Automating this functionality to bring intelligence into its Adaptive DDoS Protection functionality makes Arbor TMS even more compelling in mitigating DDoS attacks.”

Adaptive DDoS Protection analyzes traffic in real time and automatically implements threat intelligence-driven mitigations and countermeasures to block dynamic DDoS attacks as they evolve. Adaptive DDoS Protection gives SOC teams a scalable, always-on, stateless packet processing solution that uses unmatched visibility into more than 50% of all internet traffic, real-time global DDoS attack threat intelligence, and decades of DDoS mitigation experience to automatically detect, adapt to, and mitigate dynamic DDoS attacks.

Defending Against Carpet Bombing

Carpet bombing attacks are one of the most devastating distributed attacks bad actors can initiate since they target large ranges of IP addresses simultaneously, generating thousands of attack alerts that are impossible for SOC teams to manage. Through Adaptive DDoS Protection, NETSCOUT has introduced a new way to understand DDoS traffic at the network level across all subnets to detect and report on carpet bombing attacks in one, easy-to-understand alert. NETSCOUT’s ML-based Precise Protection Prefix technology automatically determines the specific IP ranges targeted by the attack. It then automatically redirects those to Arbor TMS for mitigation, even as the attack moves around the network to different targets. This Adaptive DDoS Protection capability dramatically improves the detection and mitigation of carpet-bombing attacks.

“Defending a network requires as much knowledge about your adversary as possible,” said Scott Iekel-Johnson, AVP, DDoS and Threat Intelligence at NETSCOUT. “We have embedded our global threat intelligence and decades of attack mitigation experience into this product. It’s like having an ASERT analyst at your side 24/7. Our Adaptive DDoS Protection finds attacks that other solutions miss through dynamic detection and intelligent redirection to enable Arbor TMS to mitigate DDoS attacks better than any other solution on the market.”

Introducing The Good Stuff: A Visionary Health Supplements Brand Promoting Nutrition, Wellness, and Health

22nd September 2023- Emerging as a beacon of wellness in a world where busy schedules and fast-paced lives often lead us to forget the essential nutrients our bodies crave, The Good Stuff, founded in 2019, a trailblazing health and wellness brand is not just another supplement provider but a fun-loving, life-enhancing companion on your journey to better health. With a commitment to harmony between nature’s treasures and human ambition, The Good Stuff is making a significant impact on the lives of people across India

Dedicated to elevating the wellness game, The Good Stuff is offering an exclusive array of products designed to make wellness exciting and accessible. When life’s fast pace leaves you in a nutritional quandary, the Wholesome Meal, a convenient powdered meal, a 400-calorie delight made from real food ingredients, is ready to rescue you anytime, anywhere. And here’s the kicker – it’s 100% vegan, sugar-free, gluten-free, and has no pesky preservatives. It comes in two scrumptious flavors – vanilla and chocolate. The Good Stuff’s flagship products provide vital nutrients to the body for optimal health, Supply6 360 is a superhero of daily wellness routine. Crafted with love and 63+ whole food plant-based ingredients, it’s a go-to source for probiotics that give your gut the TLC it deserves – a whopping 3 billion CFU of them! And that’s not all, it serves up a generous 85% of the daily vitamin D and B12 needs. Better Nutrition, the brand’s other product specializes in functional foods tailored to meet specific health goals. Star of the show “Flawless Skin Gummies” – India’s very own vegetarian collagen peptide gummies, jazzed up with Vitamin C and Hyaluronic Acid.

“The Good Stuff is not just about the products; it’s about empowering you to lead a healthier, happier life, whether one is aiming to live healthier, establish a business empire, or push limits as an athlete. Our products nourish your body to power through the hard days and help you achieve more every day. Creating a joyous harmony between the bountiful treasures of the natural world and the unending spirit of human ambition.” says Vaibhav Bhandari, Co-founder & CEO

“The brand caters to health-conscious individuals, aged 25 to 55, who are dedicated to maintaining a healthy lifestyle and making informed choices about their nutrition and overall well-being”, says Rahul Jacob, Co-founder & COO.

Looking ahead, The Good Stuff has bold plans for expansion into international markets and will be launching an exciting new product line that includes snacks and gels to enhance its offerings and meet the evolving needs of its valued customers. The Good Stuff’s products are a click away, available on their website and through popular platforms like Amazon, Flipkart, and Cred.

UOW Australia & NSE Academy unveil book on Corporate Finance; Adam Gilchrist rings the ceremonial bell

UOW Australia & NSE Academy

The University of Wollongong (UOW) Australia, in collaboration with the NSE Academy, launched their new book titled “Introduction to Corporate Finance (sixth edition)” at the National Stock Exchange (NSE) in Mumbai. The book, authored by first-year lecturers at UOW campuses in Hong Kong and Dubai, is poised to become a seminal work in understanding the complexities and nuances of the corporate finance landscape.

The book was launched by MD & CEO, NSE Ashishkumar Chauhan, UOW’s Vice-Chancellor and President Professor Patricia M. Davidson, Senior Deputy Vice-Chancellor Alex Frino, and Global Brand Ambassador Adam Gilchrist. The book includes a chapter that details how shares are traded on the National Stock Exchange.

The book launch took place on the heels of UOW unveiling its India identity at GIFT City, Gujarat, on September 18 (Monday). The University is on track to being one of the first foreign universities to have a teaching base in India, and to hand out Australian degrees to Indian students.

The event at NSE featured a discussion by Chauhan and Frino on the intriguing subject of the ‘Future of Equities Markets in India’. The highly anticipated talk provided a comprehensive overview of the evolving trends, the formidable challenges, and the abundant opportunities that shape India’s dynamic equities market landscape.

“India has made significant strides in maintaining a regulatory environment that is investor-friendly, a key factor in attracting more foreign investment into our vibrant markets. The ongoing reforms and initiatives, including the establishment of the GIFT City as a financial hub and IFSCA (GIFT City regulator), exemplify our commitment to nurturing global partnerships and welcoming foreign institutions, such as the University of Wollongong, to have a physical presence in India. It is an exciting time for India, and we are dedicated to embracing innovation, facilitating market integration with the global arena, and ensuring a prosperous future for both our domestic and international stakeholders,” said Ashishkumar Chauhan, MD & CEO, NSE.

“India’s remarkable rise in fintech and technological advancements in recent years, coupled with the surge in digital consumption, presents an ideal environment for international businesses to thrive. UOW’s physical presence in India signifies more than just a strategic move; it represents our commitment to fostering deeper research engagements with our Indian partners, resulting in impactful global outcomes. Our presence in India allows us to provide world-class education, nurturing India’s young population and contributing to their holistic development. It also aligns with our vision to expand our international footprint, strengthening our global network and creating a bridge for knowledge exchange,” added Professor Frino from UOW.

On the occasion of the book launch, UOW Global Brand Ambassador and cricketing legend Adam Gilchrist interacted with the delegation from NSE and key Australian government officials and rang the ceremonial bell, signifying stronger Australia – India relations in trade, research and education partnerships.

The University, which has a strong global presence, has been successfully operating campuses in Australia, Dubai, Malaysia and Hong Kong. It will commence its India operations in 2024 with a Graduate Certificate in Computing and a Masters in Computing (Data Analytics), followed by other undergraduate programs. UOW already has close ties with over 30 Indian universities for research and educational collaborations in the areas of software development, advanced medicine solutions, molecular and life sciences, advanced manufacturing, cybersecurity and mining technologies.