<ul><li><keyword id="20940216" type="General" weightage="20" keywordseo="Synology" source="keywords" meta.keywordsubtype="org" meta.entityname="Synology" meta.hostid="261" meta.entityid="Synology">Synology</keyword> launched several new products at the Synology Solution Exhibition 2024.</li><li>The company has registered double-digit growth in India in the last three years.</li><li>We speak to the company’s <keyword id="22416016" type="General" weightage="20" keywordseo="joanne-weng" source="keywords">Joanne Weng</keyword> to learn more about the company and its plans in India.</li></ul> Taiwanese <keyword id="20653112" type="General" weightage="20" keywordseo="storage-solutions" source="keywords">storage solutions</keyword> provider Synology<a href="https://www.businessinsider.in/tech/news/synology-introduces-new-products-aimed-at-data-protection-and-scalability/articleshow/110711086.cms"> introduced</a> several new products aimed at offering <keyword id="20285436" type="General" weightage="20" keywordseo="data-management" source="keywords">data management</keyword> and protection needs of business organisations at the Synology Solution Exhibition 2024 held in Taiwan. The company announced products such as ActiveProtect, the new GS Series and surveillance solutions at the event. The company also offers Network-attached storage (NAS) devices. Business Insider India spoke with Joanne Weng, Director of International Business, Synology during the event about the company’s operations in India and its future plans. To start, can you tell us about Synology's mission and its recent focus on the Indian market? Synology's mission has always been to simplify IT management, making it accessible for everyone from tech-savvy users to those with minimal technical expertise. Recently, we've been focusing on expanding our presence in India, recognising the country's immense potential as a key market for our solutions. Can you share some insights into Synology's performance in India? Our performance in India has been impressive, with consistent double-digit growth over the past three years. The Indian market is among the top five for Synology in the Asia-Pacific region, reflecting the growing demand for reliable and scalable data storage solutions. Despite the challenges posed by the COVID-19 pandemic, the demand for our products has remained strong, highlighting their relevance in supporting business continuity. How has Synology built its local presence and support in India? We recognise the importance of being present in the market. We've invested in building a dedicated team to look after the Indian market, working closely with local partners to provide on-ground support and consultation. Our strategy of selling through channels ensures that customers can get the help they need from partners familiar with their specific requirements. How does Synology ensure ease of management for its users? Our solutions are designed for easy setup and management, ensuring minimal hassle for users. We focus on user-friendly interfaces and pre-configured settings, making our products accessible for small and medium-sized businesses (SMBs) as well as large enterprises. This approach helps streamline IT management, allowing users to focus on their core business activities. What steps does Synology take to set itself apart in terms of flexibility and scalability? One of our core strengths is the flexibility and scalability of our solutions. As businesses grow, their data storage needs evolve, and Synology offers scalable solutions that can adapt to these increasing demands. This makes us an ideal choice for enterprises experiencing rapid growth, especially with emerging technologies like AI that require robust data management capabilities. Security is a major concern for businesses today. How does Synology address this? Security is a top priority for us. Our solutions come with end-to-end encryption and other advanced security features to protect data. We have a dedicated PSIRT Team that collaborates with global security organisations and ethical hackers to ensure our products remain secure against evolving threats. Additionally, to strengthen our backup solutions, the upcoming ActiveProtect appliances will include features like air-gapping and isolating backup copies in a secure environment to protect against ransomware attacks. How does Synology maintain a customer-centric approach? Customer feedback is extremely valuable to us and drives our continuous improvement efforts. We work with organizations like Gartner for peer reviews to ensure we are meeting customer expectations and delivering high satisfaction levels. This customer-centric approach is a cornerstone of our strategy, ensuring that our products and services evolve in line with user needs. What can we expect from Synology in the future, especially in the Indian market? Looking ahead, we plan to continue focusing on the Indian market, leveraging our robust product portfolio to meet the growing demands of enterprises. Our upcoming products are set to offer even greater scalability and performance, catering to businesses with extensive data management needs. We're excited about the future and are committed to supporting the evolving needs of businesses in India. SEE ALSO: <a href="https://www.businessinsider.in/stock-market/news/the-biggest-ipos-in-indias-history-lic-to-paytm-companies-that-have-raised-the-most-funds/articleshow/111690863.cms">The biggest IPOs in India’s history – LIC to Paytm, companies that have raised the most funds</a> <a href="https://www.businessinsider.in/business/auto/news/its-raining-discounts-maruti-suzuki-hyundai-tata-motors-and-others-offer-discounts-on-cars-as-sales-slowdown/articleshow/111688501.cms">It’s raining discounts – Maruti Suzuki, Hyundai, Tata Motors and others offer discounts on cars as sales slowdown</a> <a href="https://www.businessinsider.in/business/telecom/news/jio-vs-airtel-vs-vi-prepaid-plans-comparison-plan-benefits-and-price-comparison-after-tariff-hike/articleshow/111512587.cms">Jio vs Airtel vs Vi recharge plans comparison – plan benefits and price comparison after tariff hike</a>

Synology bets big on the Indian market amid strong growth, growing demand

<ul><li>Investors' wealth has soared by ₹28.65 lakh crore in the three-day rally to Friday in the stock markets.</li><li>The three days saw benchmark <keyword id="19896382" type="General" weightage="20" keywordseo="Sensex" source="keywords">Sensex</keyword> recouping 4,614.31 points or 6.40% to close at a record high.</li><li>On Friday, the 30-share BSE Sensex jumped 1,720.8 points or 2.29% to hit a new record peak of 76,795.31 in day trade.</li></ul> Investors' wealth has soared by ₹28.65 lakh crore in the three-day rally to Friday in the stock markets, which saw benchmark Sensex recouping 4,614.31 points or 6.40 per cent to close at a record high. The sharp rebound in stock markets follows Tuesday's mayhem which wiped out over ₹31 lakh crore of investors' wealth in a single day as markets crashed after poll results lagged its expectations. On Friday, the 30-share BSE Sensex jumped 1,720.8 points or 2.29 per cent to hit a new record peak of 76,795.31 in day trade. The benchmark ended at 76,693.36, up 1,618.85 points or 2.16 per cent. The NSE <keyword id="19896381" type="General" weightage="20" keywordseo="Nifty" source="keywords">Nifty</keyword> settled with a jump of 468.75 points or 2.05 per cent at 23,290.15. Following the remarkable recovery in equities, the market capitalisation of BSE-listed companies went up by ₹28,65,742.36 crore to ₹4,23,49,447.63 crore (USD 5.08 trillion) in three days. "Domestic markets shrugged off weak global cues, as investors cheered the <keyword id="19899808" type="General" weightage="20" keywordseo="RBI" source="keywords">RBI</keyword>'s higher growth forecast for FY25 in its credit policy announcement which propelled Sensex to a fresh all-time high above the 76k-mark on massive broad-based buying support. "Also, the arrival of monsoon rains on time and expectations of its even spread across the country raised hopes of softening inflation going ahead. With the election uncertainty now over and the NDA party most likely to form the government, investors are hopeful that the action will now shift to reforms and the upcoming Union Budget," Prashanth Tapse, Senior VP (Research) at Mehta Equities Ltd, said. The Reserve Bank of India (RBI) left its key interest rates unchanged on Friday as expected, keeping the focus on inflation amid robust economic growth that is likely to provide the new Modi government headroom for manoeuvring reforms. The Monetary Policy Committee, consisting of three RBI and an equal number of external members, kept the repo rate unchanged at 6.50 per cent for an eighth straight policy meeting and stuck to its relatively hawkish stance of "withdrawal of accommodation", Governor Shaktikanta Das said in his statement. With the <keyword id="19948184" type="General" weightage="20" keywordseo="Indian-economy" source="keywords">Indian economy</keyword>, Asia's third-largest, growing faster than expected in the previous year, the RBI raised its <keyword id="19972825" type="General" weightage="20" keywordseo="GDP-growth" source="keywords">GDP growth</keyword> projection for the current fiscal through March 2025 to 7.2 per cent from 7 per cent while maintaining its inflation forecast at 4.5 per cent. All the 30 Sensex companies ended in the positive territory on Friday, with Mahindra &amp; Mahindra, Wipro, Tech Mahindra, Bharti Airtel, Infosys and Tata Steel emerging as the biggest gainers. "This week, the market experienced extreme volatility, with investor emotions on a roller-coaster ride. The RBI's decision to keep the repo rate unchanged at 6.5 per cent, along with an upward revision in the growth rate to 7.2 per cent from 7 per cent, boosted market sentiment. This indicates solid performance for the domestic economy," Vikram Kasat, Head of Advisory of Prabhudas Lilladher Pvt Ltd, said. In the broader market, the BSE smallcap gauge climbed 2.18 per cent and midcap index rallied 1.28 per cent. All indices ended in the positive territory. Telecommunication jumped 3.78 per cent, IT soared 3.38 per cent, teck (3.33 per cent), auto (2.53 per cent), utilities (2.18 per cent), metal (2.15 per cent), energy (1.99 per cent) and consumer discretionary (1.94 per cent). As many as 2,890 stocks advanced while 970 declined and 92 remained unchanged on the BSE. "The anticipation of stability within the coalition government at the centre, coupled with the RBI's upward revision of its growth forecast for FY25 to 7.2 per cent, fuelled a broad-based rally in the domestic market. The Indian market surpassed its previous record high set on exit-poll day and reached a fresh peak," Vinod Nair, Head of Research at Geojit Financial Services, said. In an eventful week, the BSE benchmark Sensex jumped 2,732.05 points or 3.69 per cent and the Nifty zoomed 759.45 points or 3.37 per cent. SEE ALSO:<a href="https://www.businessinsider.in/tech/news/indian-smartwatch-shipments-remain-flat-in-q1-2024-the-year-expected-to-end-in-a-decline/articleshow/110789121.cms" target="_blank"></a> <a href="https://www.businessinsider.in/tech/news/indian-smartwatch-shipments-remain-flat-in-q1-2024-the-year-expected-to-end-in-a-decline/articleshow/110789121.cms" target="_blank">Indian smartwatch shipments remain flat in Q1 2024, annual shipments expected to end in a decline</a><a href="https://www.businessinsider.in/business/webstories/nvidia-beats-apple-becomes-second-most-valuable-company-top-10-companies-by-market-cap/slidelist/110793951.cms" target="_blank"></a> <a href="https://www.businessinsider.in/business/webstories/nvidia-beats-apple-becomes-second-most-valuable-company-top-10-companies-by-market-cap/slidelist/110793951.cms" target="_blank">Nvidia beats Apple, becomes second most valuable company: Top 10 companies by market cap</a><a href="https://www.businessinsider.in/tech/news/synology-introduces-new-products-aimed-at-data-protection-and-scalability/articleshow/110711086.cms" target="_blank"></a> <a href="https://www.businessinsider.in/tech/news/synology-introduces-new-products-aimed-at-data-protection-and-scalability/articleshow/110711086.cms" target="_blank">Synology introduces new products aimed at data protection and scalability</a>

Investors' wealth soars ₹28.65 lakh crore in three days of market recovery after rout

Heatwaves similar to those experienced in May in <keyword id="19895063" type="General" weightage="20" keywordseo="India" source="keywords">India</keyword> are almost 1.5 degrees Celsius warmer than the warmest <keyword id="20715549" type="General" weightage="20" keywordseo="heat-wave" source="keywords">heat wave</keyword>s previously observed in the country, according to a new rapid attribution study by an independent group of climate scientists and researchers. The analysts at ClimaMeter said the intense and prolonged heat wave India endured in May was a result of the naturally occurring El Nino phenomenon -- unusual warming of the ocean surface in the central and eastern tropical Pacific Ocean -- and the rapidly increasing concentration of <keyword id="20649149" type="General" weightage="20" keywordseo="greenhouse-gases" source="keywords">greenhouse gases</keyword> -- primarily carbon dioxide and methane -- in the atmosphere. The researchers analyzed how events similar to the high <keyword id="19929810" type="General" weightage="20" keywordseo="temperature" source="keywords">temperature</keyword> in India's May heatwave changed in the present (2001-2023) compared to what they would have looked like if they had occurred in the past (1979-2001). "The temperature changes show that similar events produce temperatures in the present climate at least 1.5 degrees Celsius warmer than what they would have been in the past over a large area of the region analyzed. The precipitation changes do not show any significant variations," the analysis read. "ClimaMeter's findings underscore that heatwaves in India are reaching unbearable temperature thresholds because of fossil fuels burning," said Davide Faranda of French National Centre for Scientific Research. "There are no technological solutions for adapting Indian metropoles for temperatures approaching 50 degrees Celsius. We should all act now to reduce <keyword id="19909902" type="General" weightage="20" keywordseo="CO2-emissions" source="keywords">CO2 emissions</keyword> and avoid exceeding vital temperature thresholds in large areas of the subtropics," he said. Gianmarco Mengaldo of National University of Singapore said the findings show the complex interplay between natural variability and <keyword id="19907392" type="General" weightage="20" keywordseo="climate-change" source="keywords">climate change</keyword>, with the latter playing an important role in critical synoptic-weather-pattern changes in tropical and subtropical regions that may significantly aggravate heatwaves in the near future. The world is witnessing weather extremes under a combined effect of the 2023-24 El Nino and human-caused climate change. May 2024 was the warmest May ever and the last 12 consecutive months - June 2023 to May 2024 - have broken temperature records for each corresponding month, according to the European climate agency Copernicus. Northwest India and parts of the central region reeled under a punishing heatwave in May which tested India's disaster preparedness, with several states reporting heat-related deaths. There are concerns that heat waves in April and May have played a role in the lower-than-usual voter turnout during the seven-phase general elections in India that began on April 19 and ended on June 1, the second longest after the 1951-52 parliamentary elections. According to the Central Water Commission, water storage in 150 major reservoirs in India dropped to just 22 per cent of their live storage this week, exacerbating water shortages in many states and significantly affecting hydropower generation. The intense heat has already driven India's power demand to a record 246 gigawatts, with air conditioners and coolers in homes and offices running at full capacity. India recorded nearly 25,000 suspected heat stroke cases and 56 deaths due to heat-related illnesses from March to May, PTI reported earlier, citing data from the health ministry. According to data compiled by the National Centre for Disease Control (NCDC), 46 of these deaths were recorded in May alone (till May 30). Between May 1 and 30, 19,189 suspected heat stroke cases were reported in the country, it said. The data does not include deaths from Uttar Pradesh, Bihar, and Delhi, and the final numbers are expected to be higher, a source said. SEE ALSO:<a href="https://www.businessinsider.in/tech/news/indian-smartwatch-shipments-remain-flat-in-q1-2024-the-year-expected-to-end-in-a-decline/articleshow/110789121.cms" target="_blank"></a> <a href="https://www.businessinsider.in/tech/news/indian-smartwatch-shipments-remain-flat-in-q1-2024-the-year-expected-to-end-in-a-decline/articleshow/110789121.cms" target="_blank">Indian smartwatch shipments remain flat in Q1 2024, annual shipments expected to end in a decline</a><a href="https://www.businessinsider.in/business/webstories/nvidia-beats-apple-becomes-second-most-valuable-company-top-10-companies-by-market-cap/slidelist/110793951.cms" target="_blank"></a> <a href="https://www.businessinsider.in/business/webstories/nvidia-beats-apple-becomes-second-most-valuable-company-top-10-companies-by-market-cap/slidelist/110793951.cms" target="_blank">Nvidia beats Apple, becomes second most valuable company: Top 10 companies by market cap</a><a href="https://www.businessinsider.in/tech/news/synology-introduces-new-products-aimed-at-data-protection-and-scalability/articleshow/110711086.cms" target="_blank"></a> <a href="https://www.businessinsider.in/tech/news/synology-introduces-new-products-aimed-at-data-protection-and-scalability/articleshow/110711086.cms" target="_blank">Synology introduces new products aimed at data protection and scalability</a>

May heat wave in India 1.5 degrees Celsius warmer than warmest heat wave

India's <keyword id="20344433" type="General" weightage="20" keywordseo="Forex-reserves" source="keywords">forex reserves</keyword> jumped USD 4.837 billion to a new all-time high of USD 651.51 billion for the week ended May 31, the Reserve Bank of India (<keyword id="19899808" type="General" weightage="20" keywordseo="RBI" source="keywords">RBI</keyword>) said on Friday. In the previous reporting week, the overall reserves had dropped USD 2.027 billion to USD 646.673 billion. "Touching a new milestone, India's <keyword id="19998537" type="General" weightage="20" keywordseo="foreign-exchange-reserves" source="keywords">foreign exchange reserves</keyword> reached a <keyword id="21975817" type="General" weightage="20" keywordseo="historical-high" source="keywords">historical high</keyword> of USD 651.5 billion as on May 31," RBI Governor <keyword id="19913110" type="General" weightage="20" keywordseo="Shaktikanta-Das" source="keywords">Shaktikanta Das</keyword> said in his statement while announcing the bimonthly policy review. The previous high for the kitty a crucial guard against any disturbances in the external sector was USD 648.87 billion on May 10. For the week ended May 31, foreign currency assets, a major component of the reserves, increased by USD 5.065.51 billion to USD 572.564 billion, the data released on Friday showed. Expressed in dollar terms, the foreign currency assets include the effect of appreciation or depreciation of non-US units like the euro, pound and yen held in the foreign exchange reserves. Gold reserves decreased USD 212 million to USD 56.501 billion during the week, the RBI said. The Special Drawing Rights (SDRs) were down USD 17 million to USD 18.118 billion, the apex bank said. India's reserve position with the IMF was up USD 1 million to USD 4.326 billion in the reporting week, the apex bank data showed. SEE ALSO:<a href="https://www.businessinsider.in/tech/news/indian-smartwatch-shipments-remain-flat-in-q1-2024-the-year-expected-to-end-in-a-decline/articleshow/110789121.cms" target="_blank"></a> <a href="https://www.businessinsider.in/tech/news/indian-smartwatch-shipments-remain-flat-in-q1-2024-the-year-expected-to-end-in-a-decline/articleshow/110789121.cms" target="_blank">Indian smartwatch shipments remain flat in Q1 2024, annual shipments expected to end in a decline</a><a href="https://www.businessinsider.in/business/webstories/nvidia-beats-apple-becomes-second-most-valuable-company-top-10-companies-by-market-cap/slidelist/110793951.cms" target="_blank"></a> <a href="https://www.businessinsider.in/business/webstories/nvidia-beats-apple-becomes-second-most-valuable-company-top-10-companies-by-market-cap/slidelist/110793951.cms" target="_blank">Nvidia beats Apple, becomes second most valuable company: Top 10 companies by market cap</a><a href="https://www.businessinsider.in/tech/news/synology-introduces-new-products-aimed-at-data-protection-and-scalability/articleshow/110711086.cms" target="_blank"></a> <a href="https://www.businessinsider.in/tech/news/synology-introduces-new-products-aimed-at-data-protection-and-scalability/articleshow/110711086.cms" target="_blank">Synology introduces new products aimed at data protection and scalability</a>

You Searched For "Synology india market" and got 4 results

Synology bets big on the Indian market amid strong growth, growing demand

Sourabh Jain

Investors' wealth soars ₹28.65 lakh crore in three days of market recovery after rout

PTI

May heat wave in India 1.5 degrees Celsius warmer than warmest heat wave

PTI

Forex reserves jump $4.84 bn to new all-time high of $651.5 bn

PTI