logo
Tech Mahindra partners with Cisco to launch managed services for multicloud defense

Tech Mahindra partners with Cisco to launch managed services for multicloud defense

Zawya5 hours ago

Pune: Tech Mahindra (NSE: TECHM), a leading global provider of technology consulting and digital solutions to enterprises across industries, today announced the launch of a new managed services offering for Cisco Multicloud Defense, a component of Cisco's Hybrid Mesh Firewall. Tech Mahindra's managed services offering will provide enterprises with robust cloud security solutions that enable secure, scalable, and seamless operations across multi-cloud environments.
As enterprises continue to adopt multi-cloud strategies to accelerate agility and innovation, securing these complex environments has become increasingly critical. This new collaboration combines Tech Mahindra's expertise in managed services and cloud transformation with Cisco Multicloud Defense to deliver multidirectional protection across any public or private cloud. This helps block inbound attacks, lateral movement, and data exfiltration using a single software-as-a-service (SaaS) control plane, eliminating inefficient, complex, and costly point solutions.
Kunal Purohit, President – Next Gen Services, Tech Mahindra, said,"The increasing complexity of multi-cloud environments demands robust security solutions that are simple, effective, and scalable. Our partnership with Cisco marks a significant step in empowering enterprise customers around the world with cutting-edge cloud security technologies, enabling them to focus on innovation and growth while we manage their security needs. Together, we are committed to providing a secure and seamless cloud experience for our customers."
With these managed services offerings, Tech Mahindra will deliver end-to-end security, leveraging Cisco's cutting-edge technology and its own expertise in managed services and cloud transformation.
Key benefits of the managed services offering include:
Enhanced Security: Comprehensive threat protection for workloads across multiple cloud platforms, ensuring business continuity and data integrity.
Simplified Operations: Streamlined management of cloud security policies through automation and centralized control.
Expert Support: 24/7 monitoring and support from Tech Mahindra's cloud and cybersecurity specialists.
Scalability: Flexible and scalable solutions tailored to meet the unique needs of enterprises as they grow and evolve.
Shannon Leininger, Vice President of Global Partner Sales, Cisco, said, "Cisco Multicloud Defense is designed to deliver best-in-class security for today's multi-cloud world. By partnering with Tech Mahindra, we are extending the reach of our solution through their proven expertise in managed services. This partnership will empower customers to strengthen their cybersecurity posture amid today's complex security landscape.'
The collaboration with Cisco will also expand Tech Mahindra's security service portfolio, enhance its market reach, and provide valuable upskilling opportunities for its workforce. Tech Mahindra has a vast network of customers in security engineering and a strong presence across key global markets, including the Americas, Europe, and Asia-Pacific. Demonstrating its commitment to building future-ready digital ecosystems, the company launched a dedicated Cisco Business Unit in 2023 to accelerate the development and implementation of hybrid, secure, and collaborative network services.
About Tech Mahindra
Tech Mahindra (NSE: TECHM) offers technology consulting and digital solutions to global enterprises across industries, enabling transformative scale at unparalleled speed. With 150,000+ professionals across 90+ countries helping 1100+ clients, Tech Mahindra provides a full spectrum of services including consulting, information technology, enterprise applications, business process services, engineering services, network services, customer experience & design, AI & analytics, and cloud & infrastructure services. It is the first Indian company in the world to have been awarded the Sustainable Markets Initiative's Terra Carta Seal, which recognizes global companies that are actively leading the charge to create a climate and nature-positive future. Tech Mahindra is part of the Mahindra Group, founded in 1945, one of the largest and most admired multinational federation companies.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Oil slumps, shares rally on Iran-Israel ceasefire
Oil slumps, shares rally on Iran-Israel ceasefire

Gulf Today

time15 minutes ago

  • Gulf Today

Oil slumps, shares rally on Iran-Israel ceasefire

Oil tumbled nearly 4%, global shares surged and the dollar dropped on Tuesday as markets took heart from a ceasefire between Israel and Iran and shrugged off what US President Donald Trump said were violations by both sides. Brent futures had already slid 7% on Monday and US shares jumped after Iran made only a token retaliation against a US base to an attack over the weekend, and signalled it was done for now. With the immediate threat to the vital Strait of Hormuz shipping lane seemingly over, the Brent benchmark touched its lowest since June 11 and was last at $68.81 a barrel, down 3.7%. US crude futures dropped 3.7% to $65.91 a barrel. 'Investors mostly shrugged at what appeared on the surface a seismic geopolitical event over the weekend and those who kept their nerve and held off from de-risking have so far been proven right,' said Kenneth Broux, head of corporate research FX and rates at Societe Generale. While the ceasefire so far has seemed shaky - Trump said he was 'not happy' with either side for violating the truce, particularly with Israel - risk assets held onto their earlier gains. S&P 500 futures rose 0.8% and Nasdaq futures were 1% higher. Europe's Stoxx 600 gained 1.3%, with travel stocks including airlines surging 3.8%, while oil and gas names shed 2%. Earlier in the day, MSCI's broadest index of Asia-Pacific shares outside Japan jumped 2.2%, while Japan's Nikkei rallied 1.1%. A further sign of the sudden improvement in sentiment is that emerging market countries - from Mexico to Kazakhstan via Turkey - have rushed to issue debt in the past two days, as have many companies. But the positive news did not spill over into the bond market where the focus instead was on Germany's draft budget, which includes record investment, requiring higher borrowing. The impact was particularly felt on longer dated bonds. Germany's 30-year yield rose 8 basis points to 3.06% and its 10-year yield rose 5 bps to 2.60%. Those moves rippled across markets, with the US 10-year yield up 3 bps at 4.35% and Britain's 10-year yield up 2 bps to 4.51% , though increasing bets on US rate cuts this year kept US bonds in check. Investors are also keeping a close eye on remarks from Federal Reserve policymakers, who in aggregate have been nervous in recent months about giving any signs that rate cuts are imminent. However, Vice Chair for Supervision Michelle Bowman said on Monday the time to cut interest rates was getting nearer as risks to the job market may be on the rise. That followed Fed Governor Christopher Waller saying on Friday he would consider a rate cut at the July 29-30 meeting, though Atlanta Fed President Raphael Bostic told Reuters in a story published on Tuesday that the Fed need not cut interest rates with companies planning to raise prices later this year. Fed Chair Jerome Powell will appear before Congress later on Tuesday and, so far, has been more cautious about a near-term easing. Markets still only imply around a 20% chance the Fed will cut at its next meeting on July 30, but a September cut is near to fully priced. News of the ceasefire saw the dollar extend an overnight retreat and slip 0.8% to 144.9 yen, having come off a six-week high of 148 yen on Monday. The euro rose 0.2% to $1.1602 on Tuesday, having gained 0.5% overnight. The yen and euro benefited from the slide in oil prices as both the EU and Japan rely heavily on imports of oil and liquefied natural gas, while the US is a net exporter. The risk-on mood saw gold prices ease 1.4% to $3,319 an ounce. Copper prices hit their highest in almost two weeks on Tuesday as the dollar fell and the yuan strengthened after US President Donald Trump's announcement of a ceasefire between Israel and Iran. Three-month copper on the London Metal Exchange was up 0.7% at $9,730 a metric tone in official open-outcry trading after touching $9,760.50 for its highest since June 11 earlier in the session. Global markets largely ignored signs that the ceasefire could be fragile, with Trump accusing both Israel and Iran of violating the agreement on Tuesday. The metals market's attention was on continuing outflows from copper stocks in LME-registered warehouses, which combined with large holdings of cash copper contracts and warrants - title documents conferring ownership - to inflate premiums for near-term contracts. Reuters

India aviation regulator says multiple defects reappearing on aircraft
India aviation regulator says multiple defects reappearing on aircraft

Khaleej Times

timean hour ago

  • Khaleej Times

India aviation regulator says multiple defects reappearing on aircraft

India's aviation regulator said on Tuesday it had found multiple instances of aircraft defects reappearing "many times" at Mumbai and Delhi airports, two of the country's busiest, indicating what it said were inadequate checks on jetliners. The findings were part of a special audit being carried out by the Directorate General of Civil Aviation (DGCA) to strengthen safety in the wake of a deadly Air India crash that killed 271 people earlier this month. The regulator did not name the airlines where the defects were found or detail the type of defects. The two airports in the world's third largest aviation market serve major Indian airlines such as IndiGo, Air India and Air India Express, as well as many international carriers. The repeated instances of defects indicated "ineffective monitoring and inadequate rectification action", the DGCA said. The government body also found other violations such as an aircraft maintenance engineer not taking prescribed safety precautions, not addressing defects in some places and work order not being followed in jet maintenance. At one airport that the DGCA did not name, the regulator found no survey had been conducted despite new construction around the vicinity, an issue now under scrutiny after the Air India jet crashed into a doctors' hostel, killing dozens. The findings have been communicated to the concerned operators so they can take corrective measures within seven days, the DGCA said. The shortcomings were found as part of a "comprehensive surveillance" during night and early morning hours at major airports including those at Delhi and Mumbai. After the June 12 crash, the regulator ordered renewed checks on Air India's Boeing 787 fleet but it said these did not reveal any major safety concerns. Reuters reported, citing sources, that the DGCA cancelled its planned visit to Air India headquarters on Tuesday for an annual regulatory audit as the airline was tackling the fallout from several Middle Eastern countries temporarily closing their airspaces due to the Israel-Iran conflict.

NRIs in UAE: How can I take a loan against my gold belongings?
NRIs in UAE: How can I take a loan against my gold belongings?

Khaleej Times

time2 hours ago

  • Khaleej Times

NRIs in UAE: How can I take a loan against my gold belongings?

Question: My brother in India wants to take a loan for his business against the security of gold belonging to the family. Are there any rules or guidelines for determining the amount of loan which would be sanctioned by a bank against security of the gold? ANSWER: The Loan-to-Value (LTV) ratio is fixed by the Reserve Bank of India. If the loan amount is upto Rs250,000, the LTV is 85 per cent. For loans upto Rs500,000, the LTV is capped at 80 85 per cent, and for loans above this figure, the LTV is 75 85 per cent. For valuing the gold, banks and non-banking finance companies are required to take into account the lower of the average closing price of the gold over the previous thirty days, or the latest closing price. If gems and other precious stones are part of the security, their value will be excluded and the intrinsic metal value alone will be taken into account. Re-pledging of collateral or using it to obtain loans from other institutions is not permitted. Banks and other lenders are required to follow standardised assaying procedures in the borrower's presence and disclose the valuation method. A declaration will have to be made by the borrower as proof of his ownership of the pledged gold. Question: Is satellite based communication going to be a reality in India in the near future? There are media reports that several companies, both foreign and Indian, are keen to enter this space. ANSWER: In May this year, the Telecom Regulatory Authority of India recommended administrative allocation of satellite based communication spectrum, subject to certain conditions being complied with. The regulator has fixed the fee for such allocation at four per cent of the Adjusted Gross Revenue. Consequently, multiple players have applied for a licence and therefore it is expected that the rollout of the satellite network will happen at a fast pace. The revenue is expected to grow from the current level of $2.3 billion to around $20 billion by 2028. The Government is keen to push forward the satcom policy at the earliest and, once permissions are given by the authority, satellite based internet services would be available throughout the country. One of the major global players Starlink has agreed to the stringent conditions laid down by the Department of Telecom and the Government has cleared its application for a Global Mobile Personal Communication by Satellite licence. It has already paid the fees required by law and therefore it will be in a position to start its operations as soon as it secures approval from the Indian Space and Authorisation Centre. Strict security requirements have been laid down, including the need to establish methods of interception as well as having a command and control centre in India. Question: With the growing population of under-40s in India, the number of persons seeking jobs is increasing every year. Will it be possible to provide such persons with gainful employment opportunities? ANSWER: The only way to ensure that the demographic dividend is reaped by the country is to provide training and skills to millions of prospective young workers. The Government is therefore devising a new framework for skilling young citizens so that they may either be employed or are capable of being self-employed as carpenters, electricians, plumbers, etc. where tremendous opportunities exist in view of the large number of residential properties that are coming up. Government is also thinking of handing over industrial training institutes (ITIs) to manufacturing companies. At present, there are 15,034 ITIs functioning in the country, of which 3,298 are run by the Government and the balance by private enterprises. The Central Government runs schemes to provide financial support to State Governments for strengthening the infrastructure of ITIs and improving the quality of training provided by them. The Government has approached Chambers of Commerce to encourage companies which are their members to take over the Government-run ITIs and run them as polytechnics. The companies would decide on the curriculum in conformity with their requirement for a skilled workforce. The objective is that every sector of industry should have a large pool of skilled talent which will be available for future growth. The Government has allocated Rs.88 billion for the Skill India Programme and these funds will be available to the corporate sector which undertakes the training of its employees. HP Ranina is a practising lawyer, specialising in corporate and fiscal laws of India.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store