Consumer Issues
'Dendroid' virus may affect Android phones in India, says CERT-In

Indian cyber security sleuths have alerted users of Android smartphone about malicious activities of a tricky virus called 'Dendroid' whose infection could completely compromise their mobile handsets

Computer Emergency Response Team of India (CERT-In) has issued an alert, warning Android smart phone users, about a potential threat from a malicious toolkit called Dendroid. According to the agency, Dendroid is being used to create trojanised applications that infects Android-based smart phones.


"The malware is created by modifying the required permissions by any clean APK (Android Application Package) with Dendroid RAT functionality that allows detailed management of the infected devices. Once activated, could change the command and control server of a user's personal Android phone and intercept private SMSes coming in or going out," CERT-In said in a release.


CERT-In is the nodal agency to combat hacking, phishing and to fortify security-related defences of the Indian Internet domain.


It said upon installation of this malicious application, a remote attacker could "completely compromise the affected Android-based smartphone and could control it remotely".


The virus can perform a number of malicious activities, CERT-In said, adding, "It can change the command and control server, delete call logs, open web pages, dial any number, record calls and audio, SMS interception, upload images and video to remote location and open an application".


It said the malware infected "is controlled by the attacker through Dendroid Toolkit. Dendroid is a HTTP RAT, having a sophisticated PHP administration panel and an application APK binder package.


What Android phone users can do?

Do not download and install applications from untrusted sources. Install applications downloaded from reputed application market only.

Run a full system scan on your handset/tab with mobile security solution or mobile antivirus solution. There are several reputed and free antivirus, like Avast (Mobile Security & Antivirus), Lookout (Security & antivirus Protection), Avira Antivirus as well apps from Norton, McAfee and Kaspersky are available on Google Play.

Check for the permissions required by an application before installing. Exercise caution while visiting trusted/ untrusted sites before clicking links.

Install Android updates and patches as and when available from device vendors

Install and maintain updated mobile security/ antivirus solution

Use device encryption or encrypting external SD card feature available with most of the android OS

Keep an eye on data usage (application wise usage also) and unusual increase in mobile bills

Keep an eye on device battery usage (application wise usage also)

Avoid using unsecured, unknown Wi-Fi networks. There may be rogue Wi-Fi access points at public places used for distributing malicious applications.

Make a practice of taking regular backup of your Android device


TCS’ March quarter revenues may decline, says SBI Cap

Being an election year, domestic revenues for Tata Consultancy Services are expected to decline in March quarter, thus impacting its overall growth, says SBI Cap Securities

Demand environment for Tata Consultancy Services (TCS) would remain as there is an improvement in discretionary spending. “Generally March is the strongest quarter for India business. However, being an election year, revenue from India is expected to decline quarter-on-quarter in Q4, impacting the overall growth,” says SBI Capital Securities in a note.


According to a research note, geographically, the US and UK are expected to grow close to the average of TCS, whereas Latin America would grow faster.


“For TCS, performance in March quarter is likely to be weaker than December quarter due to seasonal factors and softness in the India business, impacted by the general elections,” the report said.


SBI Cap Securities, in a research note, has lowered its estimates on TCS for Q4 to 2% in constant currency, down from its 3% estimates earlier. According to TCS management, closure and ramp-up of deals are on track. The company expects better FY15 compared with FY14.


In terms of profitability, TCS had maintained its long-term EBIT margin target of 27% and would look at reinvesting in domain capabilities, expanding its offerings and reach, and also being more aggressive in chasing deals, the research report said.


SBI Cap Securities, said, “Despite near-term revenue weakness, we believe TCS is best placed to capture any uptick in spending on the back of its diverse presence across verticals, markets and service lines. Over the last 1M/3M, TCS has corrected by 7%/2% and currently trades at 18.9x/17.0x F15e/F16e EPS. Considering its ability to retain and improve market share and recent stock price underperformance, the research analysts upgrade the rating to BUY from HOLD with a revised target price of Rs2,525 valuing company at 21x F16e earnings.”


The company’s financial summary is shown in table below:



SEBI slaps Rs28 lakh fine on Mafatlal Finance, promoters

SEBI levied a fine of Rs28 lakh on Mafatlal Finance and its two promoters for delay in compliance with its disclosure norms

Market regulator Securities Exchange Board of India (SEBI) has imposed a penalty of Rs28 lakh on Mafatlal Finance Company and its two promoters on failure to disclose information within stipulated time.

In three separate orders, SEBI asked Mafatlal Finance Company to pay a fine of Rs8 lakh, and its two promoters, Mafatlal Industries and Ensen Holdings (now known as PIL Chemicals to pay Rs10 lakh each.

SEBI said the company and its two promoters failed to disclose their holdings in timely manner between 1998 and 2007.


In its reply, Mafatlal Finance said, “The aforesaid delay has occurred on account of our erroneous presumption and understanding of the requirements of SAST regulation believing it to be necessary if and only when there has been a change in the promoter holding either by acquisition of new shares or the sale out of their present holdings. It has not received communication from the Stock Exchanges regarding its non submission in the earlier years.”

“Its shares have continued to remain suspended from the year 2000 onwards and hence no trading entry or exit opportunities were/are available to the shareholders. No pecuniary gain or loss was hence possible due to the delayed disclosures owing to the suspension of trading of the company’s shares. The said suspension in fact continues till date. Further no prejudice is caused to anybody due to the aforesaid delay in disclosures,” the company said.

As per SEBI order, the two promoters were required to make the yearly disclosure to Mafatlal Finance within 21 days from the financial year ending 31st March in respect of their holdings, among others, which they had failed to do.


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