Pyramis Companies, Inc. Announces Executive Promotion

 Pyramis’s CEO recently announced the promotion of Adam Acord.

Adam has been promoted to the position of President, following his accomplishments as Vice President and General Manager. An 8-year veteran of the firm, he has helped oversee the tremendous success of Pyramis and its evolution into a premier property management and advisory firm in the residential/boutique office real estate industry. As president, Adam will continue to bring best practices to all segments of the company, as well as explore strategic opportunities to support the firm’s growth.

Pyramis enjoys a talented team of professionals, who have propelled the firm to be looked to by clients as a first stop for expert guidance and advice within the residential and boutique office real estate industry. Adam intends to build upon the success of the team to further expand the firm’s real estate product offerings and services, and geographic reach across Bexar and surrounding counties.

Pyramis founder Craig Acord will continue to play a semi-active role as Chairman. Pyramis remains as bright today as it was 37 years ago, April 15 (tax day), 1985.

Additional information on the firm is available at www.pyramiscompany.com.

Pyramis Companies, Inc.

Craig Acord

210-593-9807

www.pyramiscompany.com

ContactContact

PDF of press release

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A total of 115 companies file their applications under the Production Linked Incentive Scheme for Automobile and Auto Component Industry in India


A total of 115 companies have filed their application under the Production Linked Incentive (PLI) Scheme for Automobile and Auto Component Industry in India which was notified on 23rd September 2021. The scheme was open for receiving applications till 23:59:59 hours IST on 9th January 2022. Incentives are applicable under the scheme for determined sales of Advanced Automotive Technology (AAT) products (vehicles and components) manufactured in India from 1st April 2022 onwards for a period of 5 consecutive years.


The Government has approved the Production Linked Incentive (PLI) Scheme for Automobile and Auto Components Industry in India for Enhancing India’s Manufacturing Capabilities for Advanced Automotive Products with a budgetary outlay of ₹25,938 crore. The Production Linked Incentive (PLI) Scheme for Automobile and Auto components proposes financial incentives to boost domestic manufacturing of Advanced Automotive Technology products and attract investments in the automotive manufacturing value chain. Its prime objectives include overcoming cost disabilities, creating economies of scale and building a robust supply chain in areas of Advanced Automotive Technology products. It will also generate employment. This scheme will facilitate the Automobile Industry to move up the value chain into higher value-added products.


Following is the category-wise distribution of applications received:











Sl. No.

Primary Category

Number of Applications

1

Champion OEM (Except 2W & 3W)

13

2

Champion OEM (2W & 3W)

7

3

New Non-Automotive Investor (OEM) Company

9

4

Component Champion

83

5

New Non-Automotive Investor (Component) Company

3


Total

115




The PLI scheme for the auto sector will incentivize high value Advanced Automotive Technology vehicles and products. It will herald a new age in higher technology, more efficient and green automotive manufacturing. The PLI Scheme for the auto sector envisages to overcome the cost disabilities to the industry for manufacturing of Advanced Automotive Technology products in India. The incentive structure will encourage industry to make fresh investments in indigenous supply chain/ deep localization of AdvancedAutomotive Technology products.


The PLI Scheme for auto sector was open to existing automotive companies as well as new investors who are currently not in automobile or auto component manufacturing business. The scheme has two components viz Champion OEM Incentive Scheme and Component Champion Incentive Scheme. The Champion OEM Incentive scheme is a ‘sales value linked’ scheme, applicable on Battery ElectricVehicles and Hydrogen Fuel Cell Vehicles of all segments. The Component Champion Incentive schemeis a ‘sales value linked’ scheme, applicable on Advanced Automotive Technology components ofvehicles, Completely Knocked Down (CKD)/ Semi Knocked Down (SKD) kits, Vehicle aggregates of 2-Wheelers, 3-Wheelers, passenger vehicles, commercial vehicles and tractors, etc.


This PLI Scheme for automotive sector (₹25,938 crore) along with the already launched PLI scheme for Advanced Chemistry Cell (ACC) (₹18,100 crore) and Faster Adaption of Manufacturing of Electric Vehicles(FAME) (₹10,000 crore) will enable India to leapfrog from traditional fossil fuel based automobile transportation system to environmentally cleaner, sustainable, advanced and more efficient Electric Vehicles (EV) based system.


The PLI scheme for Automobile and Auto Component Industry has been a huge success in terms of the applications received from local as well as globally headquartered groups engaged in/ proposing to manufacture Advanced Automotive Technology vehicles/ products.


Industry has reposed its faith in India’s stellar progress as a world class manufacturing destination which resonates strongly with Hon’ble Prime Minister’s clarion call of AtmaNirbhar Bharat – a self-reliant India.


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Companies Can Now Search Encrypted Data With IronCore Labs’ New Cloaked Search Product

“Cloaked Search plugs a critical hole in the market and in most organizations’ layered defense strategy,” Walsh said. “Before now, protecting data meant encrypting it, and encrypting it meant making it hard to find and use. With Cloaked Search, organizations can encrypt their data without sacrificing functionality.”

IronCore Labs, the leading provider of data security for modern cloud applications, announced today the launch of Cloaked Search, a drop-in encrypted search solution to protect sensitive data held in existing search services, and a partnership with OpenSearch, a community-driven, open-source search service.

“Encrypting data is the best way to protect data from ransomware, hackers, and curious administrators,” said Patrick Walsh, CEO of IronCore Labs. “With Cloaked Search, you can now expand your vital data security measures to cover the data in your search service using encryption you can actually search on.”

How Cloaked Search Works

Cloaked Search by IronCore Labs is a transparent encryption proxy, which means that it encrypts sensitive data before it goes to the search service and decrypts search results as they flow back from the search service. Anyone looking at the stored search data and the search indices who doesn’t have the proper key will only see random bytes instead of meaningful information.

Protecting Multi-tenant Customer Data

With native support for modern cloud applications, Cloaked Search includes features that allow separate master keys to protect different segments of data. This allows multi-tenant architectures to virtually isolate customer data and to eliminate any risk of accidentally leaking data between customers. Cloaked Search works out of the box with OpenSearch and Elasticsearch, the two most popular search services in use today. It also works with managed services that are built on top of OpenSearch or Elasticsearch.

Getting Started

To use Cloaked Search, developers simply point their code to the proxy instead of the search service. Rankings and results operate much the same as before. When indexing or searching documents, the proxy will automatically encrypt the documents and queries as needed.

Cloaked Search Features

  • Easy-to-use no-code approach allows for quick setup.

  • Encrypted search that integrates with an existing search system.

  • Supports wildcard searches, phrase searches, complex queries, phonetic matches, field boosting, and more.

  • Multi-key support allows inexpensive segmentation of data, virtual isolation of the data segments, and protection against search injection attacks.

  • Selective protection allows admins to choose which fields to secure, while other fields pass through as normal. Admins can increase the number of fields protected over time.

  • Integrates with IronCore Labs’ SaaS Shield product so SaaS customers can hold and manage their own encryption keys while getting full audit trails for all access to their data. SaaS applications can charge a premium for this Bring Your Own Key (BYOK) or Customer Managed Keys (CMK) functionality.

  • Simple deployment options integrate well with kubernetes and other cloud orchestration.

  • Self-trial means anyone can try it by downloading and running a docker container locally.

Partnership With OpenSearch

IronCore Labs is an official partner of OpenSearch, bringing strong data security functionalities to the entire OpenSearch community.

“We’re proud to partner with OpenSearch to extend the broader OpenSearch ecosystem with application-layer encryption and encrypted search,” said Riah Solomon, Marketing Director at IronCore Labs. “Our approach with Cloaked Search puts control of sensitive data into the hands of its rightful owners.”

The Importance of Cloaked Search

“Cloaked Search plugs a critical hole in the market and in most organizations’ layered defense strategy,” Walsh said. “Before now, protecting data meant encrypting it, and encrypting it meant making it hard to find and use. With Cloaked Search, organizations can encrypt their data without sacrificing functionality.”

In the broader context, laws like GDPR and CCPA mandate that the private data of consumers be well protected. GDPR requires both secure processing and security by design, which generally means encryption of personal data. When user data is encrypted at a higher layer, hackers who gain access to servers and systems will only see random bytes. Without access to the keys, those random bytes are useless to the attackers. And if no unencrypted personal information was accessed, then there is no obligation to publicly disclose the incident.

Today, search services are typically encrypted only at the lowest level with transparent disk encryption. This approach blocks data theft when hard drives are stolen but does not protect data on a running machine.

Cloaked Search brings meaningful data protection to search indices by making the search services blind to the data they hold. View the live demo of Cloaked Search on the IronCore Lab’s website and watch the webinar on Nov. 4 to learn more.

About IronCore Labs

IronCore Labs (https://ironcorelabs.com), the leading provider of data security for modern cloud applications, offers products that help software developers and businesses rapidly add data protection and application-layer encryption into the heart of their software. Whether navigating Privacy Shield challenges, GDPR mandates, customer security requests, or just handling sensitive data safely, IronCore Labs removes the traditional obstacles to keeping data private and secure, while accelerating time to market for advanced security features.

4,540 companies admitted into CIRP; 394 companies stand resolved with 36% realisation of claims by financial creditors under IBC

As on 30th June 2021, 4,540 companies were admitted into Corporate Insolvency Resolution Process (CIRP) under Insolvency and Bankruptcy Code, 2016 (IBC). This was stated by Union Minister of State for Corporate Affairs Shri Rao Inderjit Singh in a written reply to a question in Rajya Sabha today.

Giving details on the resolution status, the Minister stated that 394 companies were resolved till 30th June 2021 wherein financial creditors (FCs) including financial institutions, had total claims amounting to Rs 6.80 lakh crore, out of which Rs 2.45 lakh crore have been realised, which is 36% of their claims.

The Minister further stated that the insolvency resolution process of the corporate debtor (CD) is market driven and the outcome depends on market forces which varies from case to case and sector to sector. The value realised by creditors depends on available assets at the stage of admission of case under the Code. Details of cases are available in public domain on the website of Insolvency and Bankruptcy Board of India (www.ibbi.gov.in) which is periodically updated.

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MCA amended Companies Act 2013 to mitigate blow by COVID-19 pandemic

The Ministry of Corporate Affairs (MCA) has taken various measures to address the COVID-19 pandemic by making amendments in the Companies Act, 2013, Rules made thereunder, and by issuing various circulars from time to time.  The details of such measures taken by the Ministry are attached as Annexure

This was stated by Anurag Thakur, Union Minister of State for Finance & Corporate Affairs in a written reply to a question in Rajya Sabha today.