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Indian companies to focus more on cybersecurity: Survey
New Delhi, May 30 (IANS) With data breaches becoming more common than ever, Indian companies are gearing up to strengthen their cybersecurity infrastructure in 2018 in order to protect data of consumers, suppliers and employees, the results of a new survey of chief financial officers (CFOs) shows.
Indian finance executives are likely to increase spending on travel and entertainment and invest on mobile technology, hardware and infrastructure in 2018, showed the “Global Business and Spending Outlook Survey” commissioned by American Express.
Conducted by Institutional Investor Thought Leadership Studio, the survey, which is in its 11th edition, said that 97 per cent of survey respondents from India anticipate an uptick in their companies’ headcount in the year.
“India is leading the way in terms of both business confidence and investments,” said Saru Kaushal, Vice President and General Manager, Global Commercial Services, American Express Banking Corp., India.
“Businesses are reiterating the need for increasing spend on travel and entertainment, optimising cash flow and using it judiciously to grow and protect the business,” she added.
The findings are based on a survey of 870 senior finance executives from companies around the world with annual revenues of $500 million or more.
While one third of the Indian CFOs surveyed are likely to spend more on transportation / logistics and 53 per cent on hardware and infrastructure, half of the senior financial executives aim to increase spending on mobile technology, the results showed.
About 40 per cent of the CFOs surveyed said that they are likely to invest more than last year in improving administrative process efficiency to help meet business objectives.
About 87 per cent of the respondents believes that commercial innovations of the so-called “sharing economy” – those used by ride-sharing services like Uber or lodging services such as AirBnB – will have a substantial impact on their industry in the next five years.
About 60 per cent of the executives agreed that their company’s travel policy allows employees to use sharing economy services for lodging or transportation when travelling on business.
–IANS
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Dr. Abhishek Verma Dedicates a Shelter in Memory of His Mother, Veena Verma, at KGMU; Inaugurated by Daughter Nicolle Verma
World-renowned business tycoon Dr. Abhishek Verma has supported Foodman Vishal Singh’s Hunger-Free World mission. In memory of his mother, Late Veena Verma, who was a 3 term Rajya Sabha MP.
Dr. Verma dedicated a state-of-the-art free permanent shelter for the attendants of patients at KGMU Medical University, Lucknow, under the aegis of Vijay Shree Foundation. His daughter, Nicolle Verma, inaugurated the shelter.
During the event, Foodman Vishal Singh honored Nicolle Verma by presenting her with a memento. Mrs. Nidhi Sharma and Avantika Yadav, associated with the organization, welcomed her with garlands. Following this, Nicolle Verma distributed essential items to the attendants and also handed out fruits. She became emotional remembering her grandmother on her birth anniversary.
On this occasion, she also inaugurated the “Veena Verma Sevalaya” in memory of her grandmother, Veena Verma, to serve the attendants. She expressed, “I feel proud that my family is engaged in nation-building as well as social service. Today, in collaboration with Vijay Shree Foundation founder Foodman Vishal Singh Ji, I feel immensely proud to dedicate this shelter for the poor, helpless, and needy attendants of patients battling serious illnesses like cancer. I am honored to be associated with the Hunger-Free World Mission for humanity.”
Inspired by the continuous humanitarian service provided by Vijay Shree Foundation over the past 17 years, Nicolle Verma donated 10 lakh rupees to support the cause. The purpose of this donation is to ensure that services continue for the needy attendants of patients suffering from severe illnesses in hospitals, as facilitated by Foodman Vishal Singh.
It is noteworthy that Dr. Abhishek Verma’s family has a legacy of public and philanthropic service. They are helping millions to carry forward the values and service work of their parents. On the occasion of his mother’s birth anniversary, Dr. Abhishek Verma dedicated this state-of-the-art permanent shelter at Lucknow Medical College to serve the attendants of patients through the Vijay Shree Foundation.
Supporting Foodman Vishal Singh’s Hunger-Free World mission, Dr. Abhishek Verma assured that he would continually support keeping this flame of humanity alive. He also promised to assist in providing medicines to the helpless patients.
Continuing her grandmother’s legacy of service, Nicolle Verma personally served food to the needy patients and attendants. She said, “It is our good fortune to have received the joy of doing this noble work today through Foodman Vishal Singh. I have taken another step forward in carrying my family’s values and cooperation by joining hands with the Vijay Shree Foundation. My father taught me to serve and help the needy, and I feel happy when I bring a smile to someone’s face.”
On the birth anniversary of the late Veena Verma, the event organizer, Vijay Shree Foundation founder Foodman Vishal Singh, said, “We feel proud and happy that Dr. Abhishek Verma, a globally renowned business tycoon, has extended his support to uplift our country from the hunger index. Today, on his mother’s birth anniversary, he inaugurated a state-of-the-art permanent shelter at Lucknow Medical College, which will always be helpful for the needy attendants of patients. It is a pleasure for me and the organization to receive the affection of Mr. Verma.”
The event was attended by General Manager Verma Family Office Hemant Garg, Sonu Rajput, and the organization’s volunteers, including Sandeep Singh, Parmeshwar Ji, Prashant Rao Gautam, Balram Singh, Ramesh Chaudhary, Suman, Jeetu, Anil, Suraj, Vinay, Manish Bhadauria, Manas Mehrotra, Vivek, Apurv, Happy, and others.