Hinduja Group welcomes RBI report on

 Hinduja Group welcomes RBI report on Ownership Guidelines in the Indian Private Sector Banks

The Chairman of the Hinduja Group of Companies (India), Mr. Ashok Hinduja has welcomed the Reserve Bank of India Internal Working Group’s report on the Review of Extant Ownership Guidelines and Corporate Structure of Indian Private sector Banks (Mohanty Report).

He said “The Working Group has taken a timely and bold stand by proposing a uniform regulatory framework for the entire banking system, dispensing with the regulatory arbitrage available between banks, NBFCs, small finance banks and payment banks. Like in many other fields, we should move to a One Nation, One Banking Regulatory Framework if we are to move towards  realizing our aspiration to be a 5 trillion $ economy. Solid banking apparatus is a must”.

 Shareholder equity has to be the first line of defense in a robust banking system. “The Report rightfully puts a greater onus on the promoter-shareholders to exercise oversight through a higher shareholding limit of 26%, with commensurate voting rights. It helps strengthen the institutional framework by ensuring the promoter responsibility with more skin in the game, Supervisory stance for large conglomerates, including consolidated supervision will ensure the necessary check and balance in the system.”, Shri Ashok Hinduja noted.

Striking a note of caution, “Ring fencing the banking sector from a myriad of emerging risks has to be a constant endeavour, and I am certain the Reserve Bank of India will exercise a continuous vigil as it has done in the past. We hope the RBI will be able to implement these guidelines within a specified time frame. With the past policy interventions and this forward looking guidelines, undoubtedly the year 2020 belongs to RBI” he said.

Hinduja Foundation launches ‘iCHinduja Foundation launches ‘iCare’: an interactive learningare’: an interactive learning

Hinduja Foundation launches ‘iCare’: an interactive learning & engagement programme for Government school students & families

608 employees from 11 Hinduja Group Companies participated in the volunteer
from home programme

The volunteers conducted 197 online sessions and submitted 112 offline learning videos 

which was uploaded on iCare’s YouTube channel

More than 5500 students were impacted through online education as part of this initiative 

and the number has been increasing on regular basis

Hinduja Foundation, a philanthropic arm of the Hinduja Group, launches ‘iCare: Volunteer from Home’ initiative that engages Hinduja Group Companies’ employees as COVID-19 warriors. The mission was to reach out to the deprived and the underprivileged students across the country and deliver quality education. 

As part of this initiative, employees of all Hinduja Group Companies including Ashok Leyland, Gulf Oil, Bharat Financial, NXTDigital, Hinduja Foundation and Hinduja Tech among others were given an opportunity to interact with students of government schools and their families across the country and engage with them in a wide range of activities through technology based online and offline interactive modes. 

With the programme being underway, the foundation looks to progressively examine the possibility of enhancing the scope of the program to support its (Road to School) RTS target group of 80000 kids across multiple states.

The programme covered more than 8 states namely -- Rajasthan, Maharashtra, Madhya Pradesh, Odisha, Chhattisgarh, Karnataka, Tamil Nadu, Telangana. In order to reach out to students from different geographies, 6 different language preferences were offered wherein the highest number of sessions were undertaken in Hindi, followed by Tamil.

Learning Links Foundation, an NGO working with several of the Hinduja Group Companies, also extended its support to the iCare program by implementing all the on-field volunteering activities.

Commenting on the initiative, Mr. Paul Abraham, President, Hinduja Foundation said, “The impact of the COVID-19 pandemic has been critical in the country’s education sector where all the stakeholders are affected, the most vulnerable are the children. Amid the physical closure of schools, Covid-19 has also restricted their social engagements like meeting their friends, family or simply playing outside in the playground, hence affecting their overall development. The ‘iCare: Volunteer From Home’ program is one of its kind initiative that seeks to not just constructively engage the volunteers, the children (4 to 8 grade level) and their families, but also supports in helping children learn subject based content, build crucial skills as self-confidence and self-esteem, while advocating physical, mental, and social-emotional health a priority during these challenging times.”

The interaction of the volunteers under iCare program was through technology whereby the volunteers, while staying at home, had a choice to conduct 30 minutes sessions using live audio/video calls or pre-recorded audio/videos sessions using commonly available communication mediums, thereby ensuring accessibility to all the beneficiaries.  

As part of this initiative, children were engaged in diverse activities that focused on helping them learn subject-based content better and build skills critical in these challenging times. These included ‘fun with math’ activities and others that centred on the theme of COVID-19, which were aimed at generating awareness on preventive measures to be taken during the pandemic. In addition, story-telling sessions, poetry sessions, mentoring sessions, wellness sessions and craft activities kept students interested and gave a boost to their self-esteem and confidence while also nurturing their physical and emotional wellbeing. 

Post their iCare journey, volunteers shared their positive experience of engaging with children and conveyed interest in continuing with the activities in future. All the target beneficiaries, the parents and especially the children expressed their satisfaction with all the sessions.

Tech Mahindra and Hinduja Group’s

Tech Mahindra and Hinduja Group’s CyQureX Sign
a Global Strategic Partnership

Offer world class cyber security solutions to support clients through successful digital transformation

Tech Mahindra, a leading provider of digital transformation, consulting, and business re-engineering services and solutions, announced a global strategic partnership with Hinduja Group’s CyQureX, a leading provider of advanced Cyber Security solutions world-wide, with a view to offer world class cyber security solutions in support of clients through successful digital transformation.  

The strategic partnership will enable the organizations to become leaders in the emerging ‘Zero Trust’ environment, leveraging CyQureX’s core SDP (Software Defined Perimeter) technology and solutions, alongside Tech Mahindra’s strategic focus on cybersecurity and other next generation technologies. The partnership will enable Global customers to have access to state-of-the-art cyber security protection for Data Assets across the entire life cycle i.e “Data in Motion”, “Data in Use” and “Data at Rest”.

With decades of consulting and digital transformation expertise, Tech Mahindra will provide consulting, planning, designing, integration, orchestration and automation of services. CyQureX, which represents a new and critical business vertical of the well diversified, multimillion dollar turnover transnational Hinduja Group, with research and development centers in India and USA and offices spread across USA, Europe/United Kingdom, Middle East and India, will prioritize capabilities in the ‘Cyber Security domain - the new middleware of the future’.

CP Gurnani, Managing Director and Chief Executive Officer, Tech Mahindra, said, “Organisations have accelerated their digital transformation journey to emerge stronger and smarter from the current crisis. As a global leading provider of digital services, Tech Mahindra is committed towards leveraging new-age technologies to unleash new business opportunities and experiences for our customers and partner ecosystem through strategic partnerships and world class solutions. We see cybersecurity not only as an essential service but as a key business differentiator for our clients. The partnership with Hinduja Group’s CyQureX aligns with our core business proposition, and will further strengthen our position as the cybersecurity partner of choice for our customers globally

GP Hinduja, Co-Chairman, Hinduja group is of the view that “This partnership is a game changer in the cyber security domain. It brings the leading security services company Tech Mahindra, and our newest technology company, CyQureX, together to create a highly secure, agile and resilient digital world. I am extremely delighted to see this strategic partnership formed, as it is in line with one of the core principles of our founder, Partnership for Growth. With rapid transformation of business to digital, we believe cybersecurity will be the cornerstone to protect all digital assets, particularly for digital transformation of India and other geographies. We are committed to develop many more indigenous state-of-the-art cyber security products and technologies in the coming years, with a vision to be a major global player in the emerging cyber security solutions market”.

 “I am very excited about the alliance with Tech Mahindra” observes M.K.Narayanan, Executive Chairman of CyQureX, a Former National Security Advisor and Special Advisor on Intelligence and Security to the Prime Minister of India.  “This is a critical alliance and I am hopeful that it will be the catalyst to leverage next generation technologies like Cyber Security, Artificial Intelligence, Blockchain and create Cyber Security platforms to protect businesses, critical infrastructure and government. It promises to take digitalisation to the next level, providing clients across the globe with fully integrated cyber security solutions.”

The strategic partnership between Tech Mahindra and Hinduja Group’s CyQureX  will not only provide affordable protection to critical data, and defend nations against ‘stealth offences’, but would provide Cyber Security solutions for agile deployment that are critically important for business continuity, competitiveness and flexibility. Together, given TechMNxt charter, which focuses on leveraging next-generation technologies, and Hinduja Group’s CyQureX as a leading provider of cyber security solutions, exciting new opportunities have become available in the arcane world of Cyber security. Simultaneously, Tech Mahindra and Hinduja Group’s CyQureX will work towards Product Development, Consulting Services and Delivery in the Cyber Security space.