Latest news with #SISA
Time of India
4 days ago
- Business
- Time of India
Operation Sindoor wake-up call, need to be self reliant in digital-defence: Cybersecurity executive
A top cybersecurity executive has cautioned about heavy import dependence in securing the banking, financial services and insurance sector, saying it could be vulnerable if India had to engage in a war against a formidable rival. Drawing parallels with Operation Sindoor , Dharshan Shanthamurthy , founder and CEO of SISA, a cybersecurity solutions company, said the defence of India's banking and financial services sector was equally important in times of conflict as any attack on the payment ecosystem could have a crippling effect. "We did equally good in terms of defending our digital payment ecosystem, like the way we have defended against drone attacks. I'm sure we would have defended against the cyber attacks as well," Shanthamurthy told PTI. Play Video Pause Skip Backward Skip Forward Unmute Current Time 0:00 / Duration 0:00 Loaded : 0% 0:00 Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 1x Playback Rate Chapters Chapters Descriptions descriptions off , selected Captions captions settings , opens captions settings dialog captions off , selected Audio Track default , selected Picture-in-Picture Fullscreen This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Text Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Transparent Caption Area Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Drop shadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like New Container Houses Serbia (Prices May Surprise You) Container House | Search ads Search Now Undo He said Operation Sindoor should serve as a wake up call for achieving self-reliance in defending India's financial services ecosystem. "Now it was an inferior armed force. But if such a conflict is against a formidable armed force such as China or any other western power, we should be able to defend our financial ecosystem equally well," Shanthamurthy said. Live Events He said that currently less than 10 per cent cyber security products used by various enterprises were of Indian origin. Discover the stories of your interest Blockchain 5 Stories Cyber-safety 7 Stories Fintech 9 Stories E-comm 9 Stories ML 8 Stories Edtech 6 Stories "Every medium size enterprise uses 68-80 cybersecurity products, of which only 10 per cent are made in India," Shanthamurthy said, adding that in times of war or a limited conflict there is always a possibility of denial of technology or updates for cyber security products, leaving various enterprises in the country vulnerable to attacks. "Operation Sindoor is a really good wake up call for us to increase and level up our cyber defence," he said. Last month, SISA and CERT-IN released the Digital Threat Report-2024 for the banking, financial services and insurance sector, highlighting the emerging cyber threats and offering practical strategies for emulating and mitigating these risks.
Time of India
4 days ago
- Business
- Time of India
Operation Sindoor wake-up call, need to be self reliant in digital defence: Cybersecurity executive
A cybersecurity executive has warned that India's heavy reliance on imported cybersecurity products poses a significant risk to the banking, financial services, and insurance sector, especially during potential conflicts with formidable adversaries like China. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads A top cybersecurity executive has cautioned about heavy import dependence in securing the banking, financial services and insurance sector, saying it could be vulnerable if India had to engage in a war against a formidable parallels with Operation Sindoor , Dharshan Shanthamurthy, founder and CEO of SISA, a cybersecurity solutions company, said the defence of India's banking and financial services sector was equally important in times of conflict as any attack on the payment ecosystem could have a crippling effect."We did equally good in terms of defending our digital payment ecosystem, like the way we have defended against drone attacks. I'm sure we would have defended against the cyber attacks as well," Shanthamurthy told said Operation Sindoor should serve as a wake up call for achieving self-reliance in defending India's financial services ecosystem."Now it was an inferior armed force. But if such a conflict is against a formidable armed force such as China or any other western power, we should be able to defend our financial ecosystem equally well," Shanthamurthy said that currently less than 10 per cent cyber security products used by various enterprises were of Indian origin."Every medium size enterprise uses 68-80 cybersecurity products, of which only 10 per cent are made in India," Shanthamurthy said, adding that in times of war or a limited conflict there is always a possibility of denial of technology or updates for cyber security products, leaving various enterprises in the country vulnerable to attacks."Operation Sindoor is a really good wake up call for us to increase and level up our cyber defence," he month, SISA and CERT-IN released the Digital Threat Report-2024 for the banking, financial services and insurance sector, highlighting the emerging cyber threats and offering practical strategies for emulating and mitigating these risks.
Business Standard
20-05-2025
- Business
- Business Standard
Redington gains as Q4 PAT soars 104% YoY to Rs 666 crore; declares dividend of Rs 6.80/sh
Redington added 1.61% to Rs 284.80 after the company's consolidated net profit zoomed 104.43% to Rs 665.62 crore as against Rs 325.59 crore in Q4 FY25 over Q4 FY24. Revenue from operations jumped 17.85% year on year to Rs 26,439.68 crore in Q4 FY25. Profit before tax spiked 201.71% to Rs 1,148.14 crore in Q4 FY25, compared with Rs 380.54 crore posted in Q4 FY24. EBITDA (global performance) stood at Rs 667 crore in Q4 FY25, registered a growth of 24%, compared with Rs 539 crore recorded in same quarter last year. On the segmental front, SISA (Singapore, India & South Asia) revenue was at Rs 13,453.52 crore (up 24.61% YoY) while ROW (Rest of the World) was at Rs 12,998.65 (up 11.57% YoY) crore. Global revenue stood at Rs 26,510 crore in Q4 FY25, registering the growth of 18% YoY while net profit jumped 23% YoY to Rs 400 crore in Q4 FY25. On a full year basis, the company's consolidated net profit jumped 46.98% to Rs 1,820.62 crore on 11.17% rise in revenue from operations to Rs 99,333.65 crore in FY25 over FY24. V.S. Hariharan, Group CEO, Redington, said, Building on the momentum from Q3, our Q4 results reaffirm Redingtons commitment to profitable growth and market leadership. This year, weve achieved stable growth across all business units and geographies. Our focus on strategic markets, both established and emerging, has delivered sustainable results. While technology distribution remains our core, our Cloud business has grown over 40% YoY, driven by increasing adoption of subscription and consumption models. We continue to strengthen our positioning with brands through our focus on software, services, and professional capabilities, especially around AI-enabled solutions. These results reflect our agility and our strategic readiness to lead in the next wave of digital transformation. Meanwhile, the board of directors has recommended a final dividend of Rs 6.80 per equity share, equivalent to 39.5% of consolidated profits without divestment gains, subject to approval by the shareholders at the ensuing annual general meeting (AGM). Redington is a leading distributor of IT and mobility products and a provider of supply chain management solutions and support services in India, the Middle East, Turkey and Africa.
CBC
18-03-2025
- Politics
- CBC
Families of men who died outside Halifax bars blast government for 'lack of accountability'
Two women told MLAs Monday that a government bill would wipe out mandatory training laws for bouncers The families of two young men who died outside Halifax bars have harsh criticisms for Nova Scotia legislators who they say sat on potentially lifesaving rules for more than 10 years and now are poised to pass legislation that would wipe it out altogether. Theresa Giffin and Lee Sawyer appeared before the legislature's standing committee on public bills Monday night and warned MLAs that a government bill described as a "housekeeping measure" risks repealing legislation that was created in hopes of preventing future tragedy. Giffin's brother Stephen died after being beaten by bouncers outside a downtown bar in 1999. Her family lobbied successive governments until the passage of the Security and Investigative Services Act (SISA) in 2010. The bill would require all bouncers and security officials working at bars and lounges in the province to have criminal background checks, training and be licenced. But the bill has never been proclaimed and as such hasn't taken effect. Now, the Progressive Conservative government has proposed Bill 21, the Justice Administration Amendment Act. It would automatically repeal any legislation that has been passed but not proclaimed after a decade. Right now that can only happen through open debate in the legislature. "Clearly, this government has no intention of ever proclaiming SISA into force and if the legislature enacts Bill 21, clause 10 will repeal SISA once and for all," Giffin told MLAs on the legislature's standing committee on public bills. Giffin's late father, Cyril, led the charge to create and implement SISA. The family presumed that the bill had been proclaimed, until they learned of the death of Ryan Sawyer in December of 2022. Sawyer died following an altercation with bouncers outside a bar in similar circumstances. Ryan's mother, Lee, told MLAs that she cannot understand why the government has not proclaimed the act or come up with some kind of replacement legislation. "I cannot help but wonder, if it had been the child, the nephew or grandson of a member of the government, how urgent the call to action would be and legislation proclaimed?" Recent changes fall short The two women noted regulatory changes the government announced following Ryan's death, but they said they do not go far enough because they are not enshrined in law and only apply to the handful of bars in the province with cabaret licences. "An individual who applies at a cabaret and is denied because of a criminal background, can in fact work at any one of the other bars or lounges in the province because it is not a requirement for employment and there is no legislation in place to mandate it," Sawyer told MLAs. "I'm not sure how the public is supposed to have the confidence of safety with this knowledge, nor should the government expect them to." Other provinces, such as B.C., Alberta, Quebec and Ontario all have legislation regarding bouncers and security staff and it's been in place for years, she said. In Nova Scotia, meanwhile, the bill remains unproclaimed 15 years after it was passed and it risks being repealed if Bill 21 passes and is proclaimed. "Talk about a lack of accountability," said Sawyer. Giffin asked MLAs to amend Bill 21 so unproclaimed legislation cannot be automatically repealed. If the government wants to repeal a bill, she said, members should do it on the floor of the legislature in open debate. Failing that, she called on the government to provide an exemption in Bill 21 for the Security and Investigative Services Act. Progressive Conservative MLAs Susan Corkum-Greek, Adegoke Fadare, Nick Hilton and Nolan Young defeated a motion by the NDP to send the bill back to the Justice Department for further review. Government MLAs then voted to send the bill back to the House, where it will next move to the committee of the whole House on bills.
Yahoo
13-03-2025
- Business
- Yahoo
SLB announces successful early tender results and amendment of Exchange Offer
SLB subsidiaries announce successful early tender results and amendment of Exchange Offer and Consent Solicitations HOUSTON, March 13, 2025--(BUSINESS WIRE)--Schlumberger Limited ("SLB") (NYSE: SLB) today announced the early tender results and the amendment of the previously announced offers by Schlumberger Holdings Corporation, an indirect wholly owned subsidiary of SLB ("SHC"), to exchange certain series of notes listed below (the "Existing SISA Notes"), issued by Schlumberger Investment S.A. ("SISA"), for up to $2,000,000,000 aggregate principal amount (such amount, as it may be amended, the "Maximum Exchange Amount") of new notes listed below (the "New SHC Notes"), to be issued by SHC, and to be fully and unconditionally guaranteed on a senior unsecured basis by SLB. The offers to exchange each series of Existing SISA Notes for the corresponding series of New SHC Notes are collectively referred to herein as the "Offers" and each such offer individually as an "Offer." The Offers are made upon the terms and subject to the conditions set forth in the Exchange Offer Memorandum and Consent Solicitation Statement, dated February 27, 2025 (as may be amended or supplemented from time to time, the "Exchange Offer Memorandum"). Capitalized terms used but not defined in this press release have the meanings given to them in the Exchange Offer Memorandum. All documentation relating to the Offers, including the Exchange Offer Memorandum, together with any updates, are available from the Information Agent and Exchange Agent (as defined below) and are available at the following website: The table below identifies the aggregate principal amount of each series of Existing SISA Notes validly tendered (and not validly withdrawn) in the Offers as of 5:00 p.m., New York City time, on March 12, 2025 (the "Early Tender Time"), and accepted for exchange: Title of Existing SISA Notes CUSIP Number /ISIN Principal AmountOutstanding AcceptancePriorityLevel PrincipalAmountTendered Percent ofOutstandingPrincipalAmountTendered 5.000% Senior Notes due 2034 ("2034 Notes") 806854 AM7 / US806854AM76 $500,000,000 1 $394,428,000 78.89% 4.850% Senior Notes due 2033 ("2033 Notes") 806854 AL9 / US806854AL93 $500,000,000 2 $382,552,000 76.51% 4.500% Senior Notes due 2028 ("2028 Notes") 806854 AK1 / US806854AK11 $500,000,000 3 $309,302,000 61.86% 2.650% Senior Notes due 2030 ("2030 Notes") 806854 AJ4 / US806854AJ48 $1,250,000,000 4 $793,042,000 63.44% According to information provided by D.F. King & Co., Inc., the Information Agent and Exchange Agent for the Offers (the "Information Agent and Exchange Agent"), a total of (i) $394,428,000 aggregate principal amount of 2034 Notes, (ii)$382,552,000 aggregate principal amount of 2033 Notes, (iii) $309,302,000 aggregate principal amount of 2028 Notes, and (iv) $793,042,000 aggregate principal amount of 2030 Notes was tendered for exchange by registered holders of Existing SISA Notes (the "Holders") as of the Early Tender Time. The Existing SISA Notes tendered for exchange are subject to the Acceptance Priority Levels set forth in the table above (the "Acceptance Priority Levels"), the Maximum Exchange Amount, and proration, as described in the Exchange Offer Memorandum. SHC expects to accept all 2034 Notes, 2033 Notes, 2028 Notes, and 2030 Notes validly tendered, and not validly withdrawn, at or before the Early Tender Time. SHC also announced the amendment of the Maximum Exchange Amount, from up to $2,000,000,000 aggregate principal amount of New SHC Notes to be issued by SHC, to $1,879,324,000 (such amount, as amended, the "New Maximum Exchange Amount"), in order to accept for exchange all Existing SISA Notes validly tendered, and not validly withdrawn, at or prior to the Early Tender Time. Because any additional Existing SISA Notes that would be validly tendered, and not validly withdrawn, after the Early Tender Time would exceed the New Maximum Exchange Amount of New SHC Notes to be issued pursuant to the Offers, SHC does not anticipate accepting any additional tenders of Existing SISA Notes in the Offers. In conjunction with the Offers, and on the terms and subject to the conditions set forth in the Exchange Offer Memorandum, SISA announced that, as part of its solicitations (the "Consent Solicitations") of consents (the "Consents") from Holders to certain proposed amendments (the "Proposed Amendments") to the indentures governing the Existing SISA Notes (the "SISA Notes Indentures"), SISA has received, as of the Early Tender Time, Consents in connection with more than 50% of the aggregate outstanding principal amount of each of the series of 2034 Notes, 2033 Notes, 2028 Notes, and 2030 Notes, and all 2034 Notes, 2033 Notes, 2028 Notes and 2030 Notes tendered have been accepted for exchange in the related Offer, which satisfies the requirements for the effectiveness of the Proposed Amendments for all such series of Existing SISA Notes. SISA and SLB intend to execute a supplemental indenture to the applicable SISA Notes Indentures with The Bank of New York Mellon as trustee with respect to the Proposed Amendments, with respect to the 2034 Notes, 2033 Notes, 2028 Notes, and 2030 Notes, promptly following the Early Tender Time. Withdrawal rights for the Offers and Consent Solicitations expired as of the Early Tender Time, at 5:00 p.m., New York City time, on March 12, 2025. Holders of Existing SISA Notes who validly tendered and did not previously withdraw their Existing SISA Notes in the Offers may no longer withdraw Existing SISA Notes except in certain limited circumstances where additional withdrawal rights are required by law. Details of the Offers and Consent Solicitations The Offers will expire at 5:00 p.m., New York City time, on March 27, 2025 (unless the Offers are extended or earlier terminated) (such date and time, as the same may be extended, the "Expiration Time"). Holders who validly tendered their Existing SISA Notes at or before the Early Tender Time are eligible to receive the applicable Early Exchange Consideration (which includes the applicable Total Exchange Consideration and the applicable Early Exchange Premium (as each term is defined in the Exchange Offer Memorandum)). The issuance of New SHC Notes in exchange for Existing SISA Notes validly tendered at or prior to the Early Tender Time and accepted for exchange will occur reasonably promptly following the Early Tender Time and is expected to be on March 17, 2025, the third business day after the Early Tender Time (the "Early Settlement Date"). The Offers are not conditioned upon any minimum amount of any series of Existing SISA Notes being tendered. The Offers are subject to the Acceptance Priority Levels, the New Maximum Exchange Amount and proration, as described in the Exchange Offer Memorandum. None of the Offers or the Consent Solicitations is conditioned upon the completion of any other Offer or Consent Solicitation. Eligible Holders of Existing SISA Notes that have tendered such Existing SISA Notes have been deemed to have given Consent to the Proposed Amendments with respect to the Existing SISA Notes. Each New SHC Note issued in exchange for an Existing SISA Note will have an interest rate and maturity date that are the same as the current interest rate and maturity date of such tendered Existing SISA Note, as well as the same interest payment dates and optional redemption terms. No accrued and unpaid interest will be paid on the Existing SISA Notes in connection with the Offers. Holders of Existing SISA Notes that are accepted for exchange will be deemed to have waived the right to receive any payment from SISA for interest accrued from the date of the last interest payment date for their Existing SISA Notes. However, the first interest payment for the New SHC Notes issued in the exchange will include interest from the most recent interest payment date for such corresponding tendered Existing SISA Note on the principal amount of such New SHC Notes. SHC has retained Goldman Sachs & Co. LLC, Morgan Stanley & Co. LLC and SG Americas Securities, LLC to act as the Dealer Managers in connection with the Offer (collectively, the "Dealer Managers"). Questions regarding terms and conditions of the Offers and the Consent Solicitations should be directed to Goldman Sachs & Co. LLC by calling toll-free at (800) 828-3182 or collect at (212) 934-0773 (collect), Morgan Stanley & Co. LLC by calling toll-free at (800) 624-1808 or collect at (212) 761-1057, or SG Americas Securities, LLC by calling collect at (855) 851 2108 or via email at us-glfi-syn-cap@ Questions in connection with the Offers and the Consent Solicitations may be directed to D.F. King & Co., Inc. by calling toll free (800) 791-3320 or collect at (212) 269-5550 or via e-mail at slb@ You may also contact your broker, dealer, commercial bank, trust company or other nominee for assistance concerning the Offers and the Consent Solicitations. The Exchange Offer Memorandum can be accessed at the following website: Neither this press release nor the Exchange Offer Memorandum, or the electronic transmission thereof, constitutes an offer to sell or buy Existing SISA Notes or New SHC Notes, as applicable, in any jurisdiction in which, or to or from any person to or from whom, it is unlawful to make such offer or solicitation under applicable securities laws or otherwise. The distribution of this press release in certain jurisdictions may be restricted by law. In those jurisdictions where the securities, blue sky or other laws require the Offers to be made by a licensed broker or dealer and the Dealer Managers or any of their respective affiliates is such a licensed broker or dealer in any such jurisdiction, the Offers shall be deemed to be made by the Dealer Managers or such affiliate (as the case may be) on behalf of SHC in such jurisdiction. About SLB SLB (NYSE: SLB) is a global technology company that drives energy innovation for a balanced planet. With a global footprint in more than 100 countries and employees representing almost twice as many nationalities, we work each day on innovating oil and gas, delivering digital at scale, decarbonizing industries, and developing and scaling new energy systems that accelerate the energy transition. Find out more at Cautionary Statement Regarding Forward-Looking Statements: This press release contains "forward-looking statements" within the meaning of the federal securities laws, which include any statements that are not historical facts. Such statements often contain words such as "expect," "may," "can," "plan," "potential," "expectations," "estimate," "intend," "anticipate," "target," "think," "should," "could," "would," "will," "see," "likely," and other similar words. Forward-looking statements address matters that are, to varying degrees, uncertain, such as statements regarding the terms and timing for completion of the Offers and the Consent Solicitations, including the acceptance for exchange of any Existing SISA Notes validly tendered and the expected Early Settlement Date, and the consideration of the Offers. SLB, SHC and SISA cannot give any assurance that such statements will prove correct. These statements are subject to, among other things, the risks and uncertainties detailed in SLB's most recent Forms 10-K, 10-Q, and 8-K filed with or furnished to the Securities and Exchange Commission. If one or more of these or other risks or uncertainties materialize (or the consequences of any such development changes), or should SLB's, SHC's or SISA's underlying assumptions prove incorrect, actual results or outcomes may vary materially from those reflected in the forward-looking statements. The forward-looking statements speak only as of March 13, 2025, and SLB, SHC and SISA disclaim any intention or obligation to update publicly or revise such statements, whether as a result of new information, future events or otherwise. View source version on Contacts Media Josh Byerly – SVP of CommunicationsMoira Duff – Director of External CommunicationsSLBTel: +1 (713) 375-3407media@ Investors James R. McDonald – SVP of Investor Relations & Industry AffairsJoy V. Domingo – Director of Investor RelationsSLBTel: +1 (713) 375-3535investor-relations@ Sign in to access your portfolio
