Business
10 countries want to buy Indian BrahMos supersonic cruise missiles, and Akash SAM missile systems

BY S VENKAT NARAYAN,
Our Special Correspondent
NEW DELHI, January 9: India’s plan to emerge as a major arms exporter and bolster strategic ties with “friendly” countries is gaining traction. At least 10 countries want to buy the Akash surface-to-air missile systems, the BrahMos supersonic cruise missiles, and other weapons.
The case for exporting BrahMos missiles, developed jointly with Russia, to the Philippines is already with the Cabinet Committee for Security for final approval, according to sources in the Indian defence ministry.
At least five other countries have shown interest in acquiring the BrahMos missiles. They are: Indonesia, Vietnam, UAE, Saudi Arabia and South Africa. The 290-km range BrahMos has emerged as the “precision-strike weapon of choice” for the Indian armed forces.
And there are nine countries which have shown interest in the indigenously-developed Akash missile systems, which can intercept hostile aircraft, helicopters, drones and subsonic cruise missiles at a range of 25-km. They are Kenya, Philippines, Indonesia, UAE, Bahrain, Saudi Arabia, Egypt, Vietnam and Algeria.”Being over 96% indigenous, there is no need to seek any third country’s concurrence to export Akash. For BrahMos, Russia has to be on board,” said a source.Though the range of BrahMos is now being extended to over 400-km, with India and Russia even planning to test an 800-km variant this year, the export version will be the 290-km one. “This is due to the Missile Technology Control Regime (MTCR), which prevents proliferation of missiles over 300-km range, and some other issues,” said the source.
The Akash export version will also be slightly different from the one inducted by the Indian armed forces. The 100-km range air-to-air Astra missiles, now entering production after successful trials from Sukhoi-30MKI fighters, also have “good export potential”, said sources.India will have to export “bigger weapon systems” if it wants to come anywhere near the ambitious annual export target of $5 billion (INR365 billion) by 2025. Towards this end, the Union Cabinet on December 30 approved the export of Akash systems.It also set up a committee with Defence Minister Rajnath Singh, External Affairs Minister Dr Subrahmanyam Jaishankar and National Security Advisor Ajit Doval to “authorize subsequent exports” to various countries in an expeditious manner.
Both BrahMos and Akash are “tried, tested and successfully inducted systems”. Indian armed forces have ordered Akash systems worth INR240 billion over the years, with another contract for INR100 billion on the way now. Contracts for BrahMos, in turn, have already crossed INR360 billion.
Meanwhile, India continues to be the second-largest buyer of foreign weapons in the world after Saudi Arabia, accounting for 9.2% of the total global arms imports during 2015-2019. Currently India exports some smaller weapons, components and ammunition. In 2018-2019, its arms exports crossed the one-billion-dollar mark for the first time.
Business
Stealer malware leaked over 2 million bank cards

Kaspersky Digital Footprint Intelligence estimates that 2.3 million bank cards were leaked on the dark web, based on an analysis of data-stealing malware log files from 2023-2024. On average, every 14th infostealer infection results in stolen credit card information, with nearly 26 million devices compromised by infostealers, including more than 9 million in 2024 alone. Kaspersky released its report on the infostealer threat landscape while the technology world gathers at MWC 2025 in Barcelona.
Kaspersky experts estimate that approximately 2,300,000 bank cards have been leaked on the dark web. This conclusion is based on an analysis of the log files from data-stealing malware, dated 2023-2024, that were leaked on the dark web market. While globally the share of leaked cards is well below one percent, 95% of the observed numbers appear technically valid.
Infostealer malware is not only designed to extract financial information, but also credentials, cookies and other valuable user data, which is compiled into log files and then distributed within the dark web underground community. An infostealer can infect a device if a victim unknowingly downloads and runs a malicious file, for example one disguised as legitimate software, such as a game cheat. It can be spread through phishing links, compromised websites, malicious attachments in emails or messengers and various other methods. It targets both personal and corporate devices.
On average, every 14th infostealer infection results in stolen credit card information. Kaspersky Digital Footprint Intelligence experts found that nearly 26 million devices running Windows were infected with various types of infostealers in the past two years.
“The actual number of infected devices is even higher. Cybercriminals often leak stolen data in the form of log files months or even years after the initial infection, and compromised credentials and other information continue to surface on the dark web over time. Therefore, the more time passes, the more infections from previous years we observe. We forecast the total number of devices infected with infostealer malware in 2024 to be between 20 million and 25 million, while for 2023, the estimate ranges between 18 million and 22 million,” says Sergey Shcherbel, expert at Kaspersky Digital Footprint Intelligence.
In 2024, Redline remained the most widespread infostealer, accounting for 34% of the total number of infections.
The most significant surge in 2024 was in infections caused by Risepro, whose share of total infections increased from 1.4% in 2023 to almost 23% in 2024. “RisePro is a growing threat. It was first discovered two years ago but seems to be gaining momentum. The stealer primarily targets banking card details, passwords and cryptocurrency wallet data, and may be spreading under the guise of key generators, cracks for various software and game mods,” explains Sergey Shcherbel. Another rapidly growing stealer is Stealc, which first appeared in 2023 and increased its share from nearly 3% to 13%.
Business
UTE Delivers Sri Lanka’s Largest Cat D8 Tractor to NEM Construction

Caterpillar equipment dealer UTE has delivered the country’s largest Cat D8 Track-Type Tractor to NEM Construction Pvt. Ltd., marking a significant milestone in heavy machinery. This delivery strengthens the long-standing partnership between UTE and NEM Construction, which spans over 45 years. The Cat D8 is expected to boost operational efficiency in large-scale projects. As the sole authorized dealer for Caterpillar in Sri Lanka, UTE continues to provide top-tier machinery and after-sales support. The handover is particularly notable as Caterpillar celebrates its 100th anniversary. NEM Construction’s Chairman, Raja Nanayakkara, praised the Cat D8’s superior performance and UTE’s unmatched service and parts support, which have been key to the company’s long-term collaboration. This purchase highlights the continued trust in both Caterpillar and UTE’s expertise in supporting Sri Lanka’s construction industry.
Business
ComBank’s 2023 Annual Report tops Banking sector at ACCA Sustainability Reporting Awards

The Commercial Bank of Ceylon’s prowess in comprehensive disclosure of sustainability-related information to stakeholders has won its 2023 Annual Report two top awards at the 2025 Sustainability Reporting Awards presented by the Association of Chartered Certified Accountants (ACCA).
The Bank was adjudged the overall runner-up and the winner in the Banking category at these awards, repeating the achievement of its 2022 Annual Report which was similarly honoured by the ACCA last year.
The ACCA Sustainability Reporting Awards recognise Annual Reports that clearly acknowledge and explain the economic, environmental and social impacts of the business to internal and external stakeholders, demonstrating the organisation’s policies, targets and long-term objectives towards the goal of sustainable development.
Commercial Bank’s 2023 Annual Report also won two Golds, a Silver and a Bronze at CA Sri Lanka’s ‘TAGS’ Awards 2024, excelling in the key aspects recognised by the awards programme which is dedicated to Transparency, Accountability, Governance, and Sustainability – TAGS.
The Bank won the Gold for ‘Corporate Governance Disclosure’ in the Financial Services sector, the Gold for the Best Annual Report among the private sector banks, the Silver for ‘Digitally Transformative Reporting’ across all sectors, and the overall Bronze award for Excellence in Corporate Reporting.
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