Latest news with #Defender
Economic Times
10 minutes ago
- Automotive
- Economic Times
Tata Motors shares can fall to Rs 550, predicts Jefferies. Should you sell?
Global brokerage Jefferies warns that Tata Motors' share price could drop to Rs 550, citing a 37–41% year-on-year (YoY) decline in Q1 EBITDA and pre-ex PBT, which also came in 13–22% below its estimates (JEFe). ADVERTISEMENT 'We cut FY26-28E EPS by 8-15% on lower volumes and margins for JLR and India PVs. We expect a 19% EPS decline in FY26E, followed by just 8% CAGR over FY26-28E. Our FY27-28 EPS estimates are 12-21% below Street. We see multiple above-mentioned challenges across business; and we are unconvinced about the Iveco acquisition (A Risky Detour). TTMT stock has lagged Nifty-50 by 21% since Jan (Downgrade to UNPF), and we retain UNPF with a revised Rs 550 PT (earlier Rs 600). We prefer MM & TVSL in autos,' according to a report by the brokerage. Also Read | How to choose a mutual fund: A beginner's simple step-by-step guide The report mentioned that fall in Q1 EBITDA below JEFe was led by lower margins in JLR and India PVs. JLR wholesales fell 11% YoY with lower sales across the US (tariff impact), UK, and Europe. India PV volumes fell 10% YoY, and EBITDA declined 37% YoY as margin fell to 4.0% (14-qtr low). India CV volumes also fell 6% YoY, but EBITDA was flat YoY as margin rose 60bp YoY to 12.2%, the Jefferies report the rising headwinds at JLR, the global brokerage said while the US trade deals with UK/EU at 10-15% tariffs bring some relief, we believe JLR will continue to face severe business pressures due to rising competition and additional 10% consumption tax in China, high customer acquisition cost & warranty expenses, and BEV transition, while its key models (RR, RR Sport and Defender) are now 2-4 years old. ADVERTISEMENT After a strong 45% CAGR over FY21-23, truck industry wholesales were flat in FY24 and fell 4% YoY in FY25/1QFY26; we expect a modest 3% CAGR over FY25-28E, the report said. Unlock 500+ Stock Recos on App On the long-term view, the Jefferies report said that JLR is facing pressures including increased competition and tariffs in China, higher warranty costs and BEV transition, while its key models are starting to age, In India, TTMT's PV market share is slipping, and CV demand is weak, and we are unconvinced on Iveco acquisition too. ADVERTISEMENT The company reported a steep 63% year-on-year (YoY) decline in consolidated net profit for the June quarter (Q1FY26). For the quarter ended June 2025, Tata Motors' consolidated net profit fell to Rs 3,924 crore from Rs 10,514 crore in the same period last year. Also Read | Parag Parikh Flexi Cap Fund increase stake in ITC and 11 other stocks in July The company's total revenue from operations stood at Rs 1.04 lakh crore, marginally down 0.3% from Rs 1.07 lakh crore recorded in the corresponding quarter of the previous financial year. ADVERTISEMENT The company attributed the moderation in performance to a challenging demand environment and stated it will focus on strengthening its business fundamentals. Measures outlined include mitigating tariff impacts through brand leverage, improving product mix, and implementing targeted actions to enhance contribution margins. In the current calendar year so far, the shares of Tata Motors have fallen by 13% and in the last one year have gone down by 39.98%. (You can now subscribe to our ETMarkets WhatsApp channel)
Forbes
2 days ago
- Forbes
Emergency Microsoft Security Warning Confirmed — Act Now, CISA Says
Update, August 9, 2025: This story, originally published on August 7, has been updated with additional information regarding the Microsoft Exchange vulnerability directive issued by CISA, as well as a new protection that adds to the Microsoft Defender security arsenal. Hot on the heels of an official security advisory from America's Cyber Defense Agency warning of camera hack attacks, the U.S. Cybersecurity and Infrastructure Security Agency has issued another alert. This time, it impacts users of Microsoft Exchange Server and, without immediate remediation, could enable an attacker to escalate privileges and 'impact the identity integrity of an organization's Exchange Online service.' But it's not all bad news on the Microsoft security front; the technology giant has confirmed new AI-powered protections to autonomously reverse engineer and classify malware, importantly, without any prior context requirement. Here's what you need to know. CISA And Microsoft Warn Users Of CVE-2025-53786 Attack Danger There have been a number of security warnings impacting Microsoft users of late that may have caught your attention: the Windows JPEG hackers and, of course, the by now infamous SharePoint Server attacks to name but two. The very latest, however, comes with the added weight of a CISA alert attached. 'CISA is aware of the newly disclosed high-severity vulnerability, CVE-2025-53786,' the August 6 advisory warned, 'that allows a cyber threat actor with administrative access to an on-premise Microsoft Exchange server to escalate privileges by exploiting vulnerable hybrid-joined configurations.' Microsoft, meanwhile, has said that 'starting in August 2025, we will begin temporarily blocking Exchange Web Services traffic using the Exchange Online shared service principal,' as part of a 'phased strategy to speed up customer adoption of the dedicated Exchange hybrid app and making our customers' environments more secure.' Although CISA confirmed that there has not been any observed active exploitation of CVE-2025-53786, it strongly urged organizations to follow the Microsoft guidance on this issue. CVE-2025-53786 is officially listed as a Microsoft Exchange Server Hybrid Deployment elevation of privilege vulnerability that follows an accompanying non-security hot fix when the hybrid deployments were announced on April 18. 'Following further investigation,' the official Common Vulnerabilities and Exposures database entry reads, 'Microsoft identified specific security implications tied to the guidance and configuration steps outlined in the April announcement.' CISA added that it 'highly recommends entities disconnect public-facing versions of Exchange Server or SharePoint Server that have reached their end-of-life (EOL) or end-of-service from the internet.' Microsoft Announces Project Ire, Calling It The Gold Standard In AI Malware Classification To balance the Microsoft security news scales a little, it has also been announced that a new 'autonomous AI agent that can analyze and classify software without assistance.' In other words, fully reverse engineer a software file in order to classify potential malware and do so without 'any clues about its origin or purpose.' Something that, Microsoft said, is not only a step forward in cybersecurity and malware detection, but also the gold standard in malware classification. Project Ire, born out of Microsoft Research, Microsoft Defender Research and the Microsoft Discovery & Quantum teams working together, uses decompilers alongside other tools to determine whether the software in question is malicious or not. 'The system uses advanced language models and a suite of callable reverse engineering and binary analysis tools to drive investigation and adjudication,' Microsoft said. And does so, according to Microsoft's figures, with a 0.08 precision rate using public datasets of Windows drivers.
IOL News
3 days ago
- Automotive
- IOL News
Jaguar Defender owner frustrated after 13 repairs in three years
The luxury 2022 Defender 4x4 Image: Supplied Jaguar Land Rover says it cannot be held responsible for repairs to a R1.633 million Jaguar Defender which has apparently been returned at least thirteen times over a three-year period due to recurring mechanical failures. The consumer's attorney, Trudie Broekmann said what should have been a dream purchase of a 4x4 utility vehicle designed for travel on bumpy, wet, muddy and uneven roads and advertised as being able to 'tackle up to 900 MM of water', quickly turned into a nightmare for her client. 'During May 2025, our client drove through a puddle of mud on the road, while in Koster in the North-West Province. Shortly thereafter, the vehicle's exhaust system started releasing excessive smoke, the vehicle went into limp mode and an 'exhaust filter full' warning light started flashing. 'As a result, the vehicle had to be towed and taken to the dealership for repairs, where it was discovered that there was a build-up of soot in the vehicle's Diesel Particulate Filter ('DPF') and that the vehicle's turbo as well as other components were damaged. However, Jaguar Land Rover South Africa rejected a warranty claim and our client received a quotation for the necessary repairs in the amount of a shocking R523 054.32, which is almost half of the vehicle's purchase price,' an open letter addressed to Jaguar read. She said it was alarming that a 4x4 utility vehicle, designed to 'tackle up to 900MM of water', advertised as being 'unstoppable', 'tough. Inside and out' and able to 'go from road, to mud, to snow, to anywhere' would suffer a failure of the air filter and DPF systems after driving through a shallow mud puddle. The incident was not isolated; the driver allegedly experienced several other issues with the vehicle, including "unusual scratching noises from the vehicle's front speakers, brake warning lights flashing unexpectedly, malfunctioning front sensors", among others. "Despite repeated requests, our client's demand for a replacement vehicle was rejected. "It is completely unacceptable that our client has had to return a brand new vehicle on no fewer than thirteen separate occasions within a three year period since taking delivery, all the while being deprived of the use of the vehicle for a combined total of 206 days and counting, having to pay monthly instalments and insurance premiums on a vehicle which cannot be utilised and which remains unusable due to yet another defect, one which our client is expected to repair at his own cost,' said Broekmann. Jaguar Land Rover however maintained they were not liable to replace the vehicle, saying that their investigation of the problem found it was not a manufacturing defect. 'We investigate all vehicle-related claims rigorously and remain fully committed to resolving issues fairly and transparently. In this instance, our investigation confirmed that the issue raised by Ramoremi Trading CC was caused by the vehicle being submerged in water, and/or mud, exceeding the prescribed operating parameters of the vehicle, clearly defined in the warranty terms. This was not a manufacturing defect. These findings were communicated directly to Ramoremi Trading CC and its legal representatives, in line with standard procedure. We stand firmly by our assessment and our obligation to uphold the terms of the warranty agreement,' said Jaguar. Cape Times
IOL News
4 days ago
- Automotive
- IOL News
Businessman sues Jaguar Land Rover over defective Defender 4x4
The luxury 2022 Defender 4x4 Image: Supplied A North West businessman is taking on Jaguar Land Rover after his dream purchase of a luxury 2022 Defender 4x4 turned into a mechanical and financial disaster. Represented by Trudie Broekmann Attorneys, William 'Liam' Cussons says he was sold a defective vehicle that spent more time in repairs than on the road and was ultimately rejected under warranty. Cussons bought the brand-new Defender in June 2022 from Jaguar Land Rover Rustenburg for over R1.63 million, drawn in by the iconic brand's promise of rugged endurance. But within a year, the vehicle began to fail and what followed was a litany of complaints, repairs, ignored pleas, and spiralling costs. 'Yes, we find ourselves compelled to again take the extraordinary step of addressing you through this open letter, a step necessitated by your ongoing silence in a matter that strikes at the heart of the integrity of your brand,' wrote Trudie Broekmann Attorneys in a strongly worded letter to Jaguar Land Rover South Africa and the dealership. They say that between 2022 and 2025, Cussons had to return the vehicle no fewer than 13 times, and was without its use for a total of 206 days — while continuing to pay instalments and insurance on a car he could barely drive. 'From experience we know that consumers can understand that not every product that leaves a manufacturer's factory is perfect. However, the response of the manufacturer when a manifestly defective product is returned in accordance with consumer law, determines consumer confidence in the brand.' The last straw came in May 2025, when Cussons drove the vehicle through a shallow puddle of mud in Koster. The Defender, marketed as being able to 'tackle up to 900MM of water', began emitting excessive smoke, went into limp mode, and had to be towed. At the dealership, he was allegedy told that the diesel particulate filter (DPF) was blocked and the turbo and other parts had failed. His warranty claim was rejected and he was handed a repair bill for over R523,000, nearly a third of the vehicle's original price. 'It is particularly alarming that a 4x4 utility vehicle, designed to 'tackle up to 900MM of water', advertised as being 'unstoppable', 'tough. Inside and out' and able to 'go from road, to mud, to snow, to anywhere' would suffer a failure of the air filter and DPF systems after driving through a shallow mud puddle.' Broekmann Attorneys also raise concern that the issue may not be isolated. They cite class actions in the UK and Australia relating to similar failures in Jaguar Land Rover vehicles with DPF systems. Video Player is loading. Play Video Play Unmute Current Time 0:00 / Duration -:- Loaded : 0% Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 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 Transparency Opaque Semi-Transparent Background Color Black White Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Transparent Window Color Black White Red Green Blue Yellow Magenta Cyan Transparency Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Dropshadow 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. Advertisement Video Player is loading. Play Video Play Unmute Current Time 0:00 / Duration -:- Loaded : 0% Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 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 Transparency Opaque Semi-Transparent Background Color Black White Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Transparent Window Color Black White Red Green Blue Yellow Magenta Cyan Transparency Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Dropshadow 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. Next Stay Close ✕ Jaguar Land River said the damages were caused by the vehicle being submerged in water, and/or mud,exceeding the prescribed operating parameters of the vehicle Image: Supplied 'The class actions instituted in the UK and Australia coupled with the consumer complaints and comments on X, indicate that some Jaguar Land Rover vehicles are unsafe and defective, and that the defects in question are the result of inherent manufacturing defects...' Cussons' frustrations didn't begin in Koster. In fact, problems started within the first year of ownership with the vehicle failing to start, giving off warning lights, malfunctioning parking systems, and rattling noises. These issues persisted despite multiple repair attempts. He eventually requested a replacement, which was flatly denied. 'Our client sought to be provided with a replacement vehicle... Despite repeated requests, our client's demand for a replacement vehicle was rejected and our client was forced to continue dealing with a 'lemon'.' By 2025, new issues emerged, including vibrating brakes, power drainage, software failures, and loose bolts. Despite seven more repair visits, Jaguar Land Rover and the dealership allegedly continued to ignore his repeated calls and correspondence. After receiving a letter of demand on 23 June 2025, Jaguar Land Rover's lawyers acknowledged receipt but have yet to formally respond. 'Our office has made every reasonable attempt to engage with Jaguar Land Rover Rustenburg and Jaguar Land Rover South Africa, in an attempt to resolve the matter and just like our client's previous attempts, our correspondence has been met with nothing but disregard.' The matter has since been escalated, with Trudie Broekmann Attorneys inviting the dealership and manufacturer to resolve it before it proceeds to court or a tribunal. 'Consumers hate being ignored. We are happy to meet the dealership and manufacturer in Court or before a Tribunal, but this vast expense and effort could be saved by constructive engagement from the manufacturer.' Cussons, a repeat customer who previously owned two other Land Rovers, said this experience has shattered his faith in the brand. His lawyers have warned that the handling of the case could damage Jaguar Land Rover's reputation more broadly. 'Public perception, after all, is a delicate thing and it would be unfortunate if a small minority of 'lemons', paired with your continued indifference were to stain an otherwise prestigious name.' In a response to media enquiry Jaguar Landrover South Africa said they investigate all vehicle-related claims rigorously and remain fully committed to resolving issues fairly and transparently. 'In this instance, our investigation confirmed that the issue raised by RamoremiTrading CC was caused by the vehicle being submerged in water, and/or mud, exceeding the prescribed operating parameters of the vehicle, clearly defined in the warranty terms. This was not a manufacturing defect. 'These findings were communicated directly to Ramoremi Trading CC and its legal representatives, in line with standard procedure. We stand firmly by our assessment and our obligation to uphold the terms of the warranty agreement.' Weekend Argus
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Business Standard
4 days ago
- Business Standard
Project Ire: Know about Microsoft's AI agent to detect malicious software
Microsoft's Project Ire is an AI-powered agent that can reverse engineer unknown software, analyse its behaviour, and autonomously classify it as malicious or benign - without human intervention New Delhi Microsoft has unveiled a prototype AI agent called Project Ire that can autonomously reverse-engineer software and identify cybersecurity threats like malware, without any human input. The company shared details of this research project in a recent blog post, calling it a step forward in using AI to analyse and classify software more efficiently. What is Microsoft's Project Ire? Project Ire is a prototype developed by researchers from Microsoft Research, Microsoft Defender Research, and Microsoft Discovery & Quantum. It's designed to act like a digital analyst that can inspect unknown software, understand how it works, and determine if it's harmful or not. The system is built on the same underlying framework as Microsoft's earlier Discovery platform. It uses large language models (LLMs) and a set of advanced tools that specialise in reverse engineering, the process of taking apart a software program to figure out what it does. How does it work? Microsoft said that its Defender products currently scan over a billion devices every month for threats. But when software looks suspicious, it often requires a security expert to investigate. That process is slow, difficult, and prone to burnout, especially since it involves combing through countless alerts and making judgment calls without clear right answers. That's where Project Ire comes in. Unlike many other AI systems used in cybersecurity, this one is not just reacting to known threats. It's making informed decisions based on complex signals, even when there's no obvious answer. For instance, some programmes might include reverse engineering protection not because they're malicious, but simply to guard their intellectual property. Project Ire attempts to solve this by working like a smart agent. It starts by scanning a file using automated tools that identify its type, structure, and anything unusual. Then it reconstructs how the software works internally, mapping out its functions and flow using tools like Ghidra and Angr. From there, the AI model digs deeper. It calls on a variety of tools through an application programming interface (API) to inspect specific parts of the code, summarise key functions, and build a detailed 'chain of evidence' that explains every step it took to reach a conclusion. At the end of the process, the system generates a final report and classifies the file as either benign or malicious. It can even cross-check its findings against expert-validated data to reduce errors. How will Microsoft use Project Ire? In tests using real-world malware data from Microsoft Defender, Project Ire was able to correctly identify many malicious files while keeping false alarms to a minimum — just four per cent false positives, according to Microsoft. Thanks to this strong performance, Microsoft says it will begin integrating the technology into its Defender platform under the name 'Binary Analyzer.' The goal is to scale the system to work quickly and accurately across all types of software, even those it's never seen before. Ultimately, Microsoft wants Project Ire to become capable of detecting brand-new malware directly from memory, at a large scale.
