VARINDIA IT MAGAZINE

Savex Technologies signs a distribution agreement with Fortinet: S Savex Technologies, one of India’s largest Information and Communication Technology Distributor , today announced that   Fortinet, a global leader in broad, integrated, and automated cybersecurity solutions , has appointed Savex Technologies as a value-added distributor to further expand its business and security market footprint in India. The appointment builds on the strong demand for new solution requirements to secure the edges that make up the new network including the data center, WAN, local-area network (LAN), remote workers and cloud access.   Savex Technologies Pvt Ltd, which was selected for its long history of ICT distribution in India and its representation of many major IT brands, will work with Fortinet to target all market segments, including large enterprise, telecom and SMB. The new distributor will appoint technical resources to support Fortinet's business, including a dedicated team to handle both

LG invests in TV Data and Measurement firm Alphonso, acquires controlling stake:  LG Electronics   has announced an investment of almost USD 80 million in the TV data and measurement firm   Alphonso . With this investment LG will become Alphonso’s largest investor with a controlling stake of more than 50 percent.   LG will utilize Alphonso software and services which includes data analytics, media planning and activation, and Video AI capabilities with its wide portfolio of home entertainment products. Alphonso’s combined offerings will enrich consumer services including content recommendations and LG’s own streaming service, LG Channels, to create a robust owned and operated first-screen, cross-device advertising platform with integrated analytics platform for LG TVs and the smart TV marketplace as a whole.   “Our investment in Alphonso is a key component of our digital transformation strategy focusing on AI, big data and cloud to fundamentally change how consumers interact with their

Fake GST invoice scam; 215 people arrested, ₹700 cr recovered:  The   Directorate General of GST Intelligence (DGGI)   has recovered more than ₹700 crore from the arrested 215 people and in the last two months. The individuals who have been arrested for   GST fake invoice frauds   and are fly-by-night operators who fraudulently avail, pass on and utilize input tax credit (ITC) in multi-layered scams. The GST intelligence authorities have also registered over 2,200 cases and have unearthed more than 6,600 fake   GSTIN   entities. “Out of the 215 arrests so far there are 71 masterminds, 81 proprietors, 36 director/managing directors, 15 partners, 3 CEOs, 6 chartered accountants and one each of company secretary, broker, and GST practitioner,” the statement said.   The recent usage of data analytics, data-sharing and AI along with BAFTA tools has helped the agency to detect fraudsters with precise inputs. The DGGI in its statement also said that the arrested include several managing dir