Press release from Business Wire India
Source: Hindustan Construction Co. Ltd (HCC)
Tuesday, June 30, 2009 05:30 PM IST (12:00 PM GMT)
Editors: General: Consumer interest, People; Business: Advertising, PR & marketing, Construction, Heavy industries, Real estate
--------------------------------------------------
Sonia Gandhi Inaugurates Bandra-Worli Sea Link
Mumbai Gets a New Age Landmark; HCC Engineers Set New Standards in Precision Engineering; India's First Open-Sea and Longest Cable-Stay Bridge
Mumbai, Maharashtra, India, Tuesday, June 30, 2009 -- (Business Wire India) -- Ms. Sonia Gandhi, Chairperson, United Progressive Alliance (UPA) and Member of Parliament, inaugurated the Bandra-Worli Sea Link on June 30, 2009. Bandra-Worli Sea Link, India's first and longest open sea cable-stay bridge is commissioned by Maharashtra State Road Development Corporation (MSRDC) and built by the leading engineering and construction company, HCC (Hindustan Construction Company).
The inauguration was also graced by the presence of Mr. Sharad Pawar, Minister for Agriculture, Food and Civil Supplies and Consumer Affairs, Govt of India, Mr. Ashok Chavan, Chief Minister, Maharashtra, Mr. Chhagan Bhujal, Dy. Chief Minister, Maharashtra, Dr. Vimaltai Mundada, Minister for Public Works (PU), Govt. of Maharashtra & Chairman, MSRDC, Mr. Satish Gavai, Vice Chairman and Managing Director, MSRDC and Mr. Ajit Gulabchand, Chairman & Managing Director, HCC.
The Bandra-Worli Sea Link will connect Mumbai's Mahim intersection of the Western Express Highway and Swami Vivekananda Marg at the Bandra end to Khan Abdul Gaffar Khan Road at the Worli end. Motorists will now benefit from enhanced route options and easing of traffic congestion along the western corridor, especially at the Mahim, Dadar and Worli intersections.
Mr. Ajit Gulabchand, Chairman & Managing Director, HCC, said, "Construction of the Bandra-Worli Sea Link has been one of the most challenging infrastructure projects undertaken in recent times in India. Reflecting on the hard work of our engineers and over 3000 workers who have raised this Sea Link in rough open sea conditions, I am proud to say we have truly built a monument to human skills, enterprise and determination.
We took on this project with the quest to set new benchmarks in precision engineering and prove India's infrastructure development capabilities. We are confident that Bandra-Worli Sea Link will be a precedent for superior infrastructure development in India."
The highlight of the Bandra-Worli Sea Link are the two aesthetically designed cable-stayed bridges -- viz., the Bandra and Worli Cable-Stayed Bridges of 500 and 150 metre spans, respectively -- with the highest towers soaring to a height of 126 metres, equivalent to the height of a 43-storied building. The Bandra-Worli Sea Link is a pre-cast segmental box girder continuous bridge with twin carriage-ways of four lanes each. Immediately, one carriage-way will be opened to traffic with two-lane traffic in both directions.
The HCC team endured several challenges to put together the 2,342 pre-cast segments connected together in precise coordination with an accuracy of ±5 mm while fighting the rough sea conditions. Construction of the cable-stay bridge was another daunting task, wherein the gradual slant of the 126 metre high towers were built with an accuracy of ±1 mm for every three metres.
The Bandra-Worli Sea Link is equipped with state-of-the-art systems for traffic management and monitoring, emergency support and an automated toll system. A modern toll plaza with 16 lanes (with eight lanes operating initially) has been installed at the Bandra end. The toll plaza is designed as much to act as a control centre for traffic surveillance, as for monitoring the control systems for an intelligent bridge, which includes electronic tolling, counting and classifying variable traffic message signs as well as a remote weather information station. It also houses emergency telephones.
A team of engineers, workers and experts from HCC and its partners across the world, braved rough open sea conditions, building the Bandra-Worli Sea Link, a true tribute to Mumbaikars.
About HCC
HCC is a leading engineering, construction and infrastructure development company with a rich heritage of experience. The company specializes in large-scale infrastructure development deploying new age construction technologies. The Company has managed and executed several technically complex and high value projects across segments like transportation, hydro & nuclear power generation, marine, irrigation & water supply projects as well as integrated urban development and management. (Please visit: www.hccindia.com).
CONTACT DETAILS
Sandeep Sawant, Hindustan Construction Co. Ltd (HCC), +91 9833992874, sandeep.sawant@hccindia.com
Pratip Biswas, Comma Consulting, +91 (22) 40562525, pbiswas@comma.in
Neha Agarwal Haria, Comma Consulting, +91 (22) 40562525, nharia@comma.in
KEYWORDS
CONSUMER, PEOPLE, MARKETING, CONSTRUCTION, HEAVY INDUSTRIES, REAL ESTATE
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Tuesday, June 30, 2009
BWI: Citi Brings Next-Generation NFC Mobile Payments to India
Press release from Business Wire India
Source: Citi
Tuesday, June 30, 2009 05:04 PM IST (11:34 AM GMT)
Editors: General: Consumer interest; Business: Advertising, PR & marketing, Banking & financial services, Business services, Telecommunications; Technology
--------------------------------------------------
Citi Brings Next-Generation NFC Mobile Payments to India
Nokia, Vodafone, MasterCard, ViVOtech partner Citi in launch, Bengaluru to Tap into the Future with Largest Ever Marketplace Pilot
Bengaluru, Karnataka, India, Tuesday, June 30, 2009 -- (Business Wire India) -- Citi today announced the launch of Citi Tap and Pay in the city of Bengaluru, thus bringing to India next-generation contactless credit card payments based on Near Field Communications technology. The launch of the Citi Tap and Pay pilot service will be one of the world's largest and most comprehensive pilots ever undertaken and is part of Citi's ongoing efforts to harness new innovative technologies to provide enhanced convenience, accessibility and mobility for customers. Reinforcing its leadership role in accelerating the adoption of this emerging technology, Citi has established a fully secure, scalable and interoperable mobile payments ecosystem in Bengaluru in collaboration with Nokia, Vodafone, MasterCard and ViVOtech.
With the launch of Citi Tap and Pay in India, customers in Bengaluru will experience the simplicity, ease and convenience of using their mobile phone as a credit card. The technology will allow customers to tap their mobile phone on a contactless reader at the point of sale to pay for purchases, eliminating the need for the traditional swiping of credit cards. The service also does away with the need for customers to send SMS or incur mobile data charges to make these payments.
Early adopters of this technology will enjoy promotional offers such as discounts at popular merchant establishments, which cover a wide range of categories including department stores, food courts at shopping malls and office buildings, restaurants and fast food chains, bookstores and multiplexes.
Nokia will support the service with its NFC-enabled Nokia 6212 classic phones The 3G phone provides consumers the capability to conduct NFC-based interactions with other such everyday devices and services. Most importantly, NFC-enabled phones can replace the multitude of cards in consumer wallets. Vodafone is the Mobile Network Operator for the pilot service. MasterCard will offer its MasterCard® PayPassT contactless payment and security infrastructure. ViVOtech is providing the underlying technology, including the NFC wallet, the Over-the-Air (OTA) card provisioning software, the smart posters and the mobile coupon application in addition to the contactless readers that participating merchants will use to accept payments.
Jeff Semenchuk, EVP and Head of Growth Ventures, Citi Innovation, said: "Citi believes contactless mobile payment services will be a key lifestyle driver for our highly mobile, international and increasingly urban customer base, and we are delighted to be the first to deliver this innovative service to them. Exceptional customer value creation needs collaboration and we will always look to work together with key ecosystem partners in applying smart, everyday, everywhere technology around the globe, while keeping the customer at the forefront of everything we do."
N. Rajashekaran, Country Business Manager, Global Consumer Group, Citi India, said: "We are very pleased to offer this breakthrough service to our cardholders in Bengaluru and bring to reality the convergence of the wallet with the mobile phone. Our goal is to ensure that Citi Tap and Pay successfully embeds itself into our customers' mobile lifestyles."
GK Chakrapani, Director, Corporate Business Development, Nokia India, said, "Nokia is the pioneering global leader in the evolution of NFC standards and solutions. The core NFC strategy is to provide market leading devices for consumers and develop services that add value to the consumer experience and allow the NFC ecosystem to evolve. Nokia believes that NFC has the potential to be a disruptive technology, enabling a human way of interaction, transforming everyday tasks, making things easier, more intuitive and more effective.
"Nokia's NFC-enabled devices like the Nokia 6212 classic, combine payment, ticketing and potential loyalty applications all in one device, which makes it interesting for many businesses. Today, we are happy to associate with Citi to offer the Citi Tap and Pay service that would make secure credit card payments a reality."
Rajesh Dongre, COO, Mobile Commerce, Vodafone Essar, said, "The mobile phone has become a key personal device and it is our strategy to employ the latest technology and innovation to drive even greater value for our customers. We hope this pilot will provide a new dimension to making electronic payments and prepare the ground for secure, large-scale, SIM based sustainable deployment of NFC-enabled payments based on internationally standardized NFC technology, adding more choice and hence more value to our subscribers."
"We are delighted to work with Citi to bring contactless payments technology to consumers and retailers in Bengaluru. With our increasingly busy lives, its easy to appreciate the ease and convenience of paying for your everyday items with your everyday device - no more fumbling for wallets and change," said T.V. Seshadri, vice president and country general Manager, South Asia, MasterCard Worldwide. "Both MasterCard and Citi understand the needs that influence consumers' lifestyle choices and have been working closely with the industry to spur the growth of NFC mobile payments by developing open, global standards and driving product innovation. Citi is known world over for its cutting-edge products, and we are confident that with this collaboration, NFC mobile payments is set to take off in India."
Michael Mullagh, CEO of ViVOtech, said: "We are delighted to provide the end-to-end technology from the handset to the reader in one of the world's largest NFC launches. This new technology promises to revolutionize the payment and shopping experience and bring enormous benefits to consumers and the payment, retail and mobile ecosystems."
Citi Tap and Pay customers will use the new NFC-capable Nokia N 6212 classic phone, which they can purchase at designated Nokia stores, pre-loaded with the Citi Tap and Pay application enabled with MasterCard's PayPassTM contactless payments technology. They will then be able to securely execute an Over-The-Air (OTA) download of their Citibank MasterCard Credit card onto their mobile phone. Once personalized, their credit card on the phone is ready. Customers can use the phones to make Tap and Pay transactions at locations displaying the Citi Tap and Pay and MasterCard PayPassTM acceptance marks. Citi Tap and Pay transactions are absolutely secure, and require a PIN validation that ensures complete peace of mind. In addition to the built-in security features, the contactless payment transactions will be automatically charged to a customer's Citibank MasterCard card account through the same secure payment network that processes traditional credit card transactions.
Through this pilot, Citi will gather user insight across a wide range of parameters. In addition to assessing customer acceptance to making contactless transactions through mobile NFC, the pilot will also track the response to NFC-enabled interactive posters and mobile coupon redemptions.
This is one of many innovative solutions Citi is testing and rolling out around the world. In addition to mobile, Citi is developing and delivering products and services for customers who commute via public transit, manage their money online, and are seeking a more convenient retail branch experience.
Bengaluru has a distinct place in Citi's history of innovation as it was the launch-site for Citi's pilot Suvidha program in 1998. The pilot proved so successful that Suvidha went on to create a new product platform called Bank@Work for Citi globally.
Citi
Citi, the leading global financial services company, has approximately 200 million customer accounts and does business in more than 140 countries. Through its two operating units, Citicorp and Citi Holdings, Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, and wealth management. Additional information may be found at www.citigroup.com or www.citi.com.
About Nokia
Nokia is a pioneer in mobile telecommunications and the world's leading maker of mobile devices. Today, we are connecting people in new and different ways - fusing advanced mobile technology with personalized services to enable people to stay close to what matters to them. We also provide comprehensive digital map information through NAVTEQ; and equipment, solutions and services for communications networks through Nokia Siemens Networks.
About Vodafone Essar
Vodafone Essar is the Indian subsidiary of Vodafone Group and commenced operations in 1994 when its predecessor Hutchison
Telecom acquired the cellular license for Mumbai. The company now has operations across the country with over 74.08 million
customers**. Vodafone Group is the world's leading international mobile communications corporation. It currently has equity interests in 27 countries across 5 continents and 40 partner networks with over 303 million proportionate customers worldwide. The Essar Group is Vodafone's principal partner in India. The Essar Group is a diversified business corporation with a balanced portfolio of assets in the manufacturing and services sectors of Steel, Energy, Power, Communications, Shipping Ports & Logistics, and Projects. Essar employs more than 50,000 people across offices in Asia, Africa, Europe and the Americas.
**Figures from Cellular Operators Association of India, May 31, 2009
About MasterCard Worldwide
MasterCard Worldwide advances global commerce by providing a critical economic link among financial institutions, businesses,
cardholders and merchants worldwide. As a franchisor, processor and advisor, MasterCard develops and markets payment solutions, processes approximately 21 billion transactions each year, and provides industry-leading analysis and consulting services to financial institution customers and merchants. Powered by the MasterCard Worldwide Network and through its family of brands, including MasterCard®, Maestro® and Cirrus®, MasterCard serves consumers and businesses in more than 210 countries and territories. For more information go to www.mastercard.com.
About ViVOtech
ViVOtech (www.vivotech.com) is the market leader in Near Field Communication (NFC) mobile payments, promotions and over-the-air (OTA) provisioning infrastructure software, transaction management software, NFC smart posters, and contactless terminals. ViVOtech's products are used by most prominent retailers all over the globe and the company has shipped over 500,000 contactless terminals to more than 35 countries. In 2009, ViVOtech received the prestigious Frost and Sullivan North American Smart cards Product Line Strategy of the Year Award. ViVOtech's investors include Citi, First Data Corporation, Motorola Ventures, NCR, and Nokia Growth Partners.
CONTACT DETAILS
Indu Aishwerya Anand, Citi, +91 (124) 418 6766/ +91 9811771912, indu.anand@citi.com
Godwin Chellem, Citi, +91 9833548882, godwin.chellem@citi.com
KEYWORDS
CONSUMER, MARKETING, BANKING, BUSINESS SERVICES, TELECOMMUNICATIONS, TECHNOLOGY
If you wish to change your Business Wire India selection please click on this link http://www.businesswireindia.com/media/news.asp and use your personal username and password to login.
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Source: Citi
Tuesday, June 30, 2009 05:04 PM IST (11:34 AM GMT)
Editors: General: Consumer interest; Business: Advertising, PR & marketing, Banking & financial services, Business services, Telecommunications; Technology
--------------------------------------------------
Citi Brings Next-Generation NFC Mobile Payments to India
Nokia, Vodafone, MasterCard, ViVOtech partner Citi in launch, Bengaluru to Tap into the Future with Largest Ever Marketplace Pilot
Bengaluru, Karnataka, India, Tuesday, June 30, 2009 -- (Business Wire India) -- Citi today announced the launch of Citi Tap and Pay in the city of Bengaluru, thus bringing to India next-generation contactless credit card payments based on Near Field Communications technology. The launch of the Citi Tap and Pay pilot service will be one of the world's largest and most comprehensive pilots ever undertaken and is part of Citi's ongoing efforts to harness new innovative technologies to provide enhanced convenience, accessibility and mobility for customers. Reinforcing its leadership role in accelerating the adoption of this emerging technology, Citi has established a fully secure, scalable and interoperable mobile payments ecosystem in Bengaluru in collaboration with Nokia, Vodafone, MasterCard and ViVOtech.
With the launch of Citi Tap and Pay in India, customers in Bengaluru will experience the simplicity, ease and convenience of using their mobile phone as a credit card. The technology will allow customers to tap their mobile phone on a contactless reader at the point of sale to pay for purchases, eliminating the need for the traditional swiping of credit cards. The service also does away with the need for customers to send SMS or incur mobile data charges to make these payments.
Early adopters of this technology will enjoy promotional offers such as discounts at popular merchant establishments, which cover a wide range of categories including department stores, food courts at shopping malls and office buildings, restaurants and fast food chains, bookstores and multiplexes.
Nokia will support the service with its NFC-enabled Nokia 6212 classic phones The 3G phone provides consumers the capability to conduct NFC-based interactions with other such everyday devices and services. Most importantly, NFC-enabled phones can replace the multitude of cards in consumer wallets. Vodafone is the Mobile Network Operator for the pilot service. MasterCard will offer its MasterCard® PayPassT contactless payment and security infrastructure. ViVOtech is providing the underlying technology, including the NFC wallet, the Over-the-Air (OTA) card provisioning software, the smart posters and the mobile coupon application in addition to the contactless readers that participating merchants will use to accept payments.
Jeff Semenchuk, EVP and Head of Growth Ventures, Citi Innovation, said: "Citi believes contactless mobile payment services will be a key lifestyle driver for our highly mobile, international and increasingly urban customer base, and we are delighted to be the first to deliver this innovative service to them. Exceptional customer value creation needs collaboration and we will always look to work together with key ecosystem partners in applying smart, everyday, everywhere technology around the globe, while keeping the customer at the forefront of everything we do."
N. Rajashekaran, Country Business Manager, Global Consumer Group, Citi India, said: "We are very pleased to offer this breakthrough service to our cardholders in Bengaluru and bring to reality the convergence of the wallet with the mobile phone. Our goal is to ensure that Citi Tap and Pay successfully embeds itself into our customers' mobile lifestyles."
GK Chakrapani, Director, Corporate Business Development, Nokia India, said, "Nokia is the pioneering global leader in the evolution of NFC standards and solutions. The core NFC strategy is to provide market leading devices for consumers and develop services that add value to the consumer experience and allow the NFC ecosystem to evolve. Nokia believes that NFC has the potential to be a disruptive technology, enabling a human way of interaction, transforming everyday tasks, making things easier, more intuitive and more effective.
"Nokia's NFC-enabled devices like the Nokia 6212 classic, combine payment, ticketing and potential loyalty applications all in one device, which makes it interesting for many businesses. Today, we are happy to associate with Citi to offer the Citi Tap and Pay service that would make secure credit card payments a reality."
Rajesh Dongre, COO, Mobile Commerce, Vodafone Essar, said, "The mobile phone has become a key personal device and it is our strategy to employ the latest technology and innovation to drive even greater value for our customers. We hope this pilot will provide a new dimension to making electronic payments and prepare the ground for secure, large-scale, SIM based sustainable deployment of NFC-enabled payments based on internationally standardized NFC technology, adding more choice and hence more value to our subscribers."
"We are delighted to work with Citi to bring contactless payments technology to consumers and retailers in Bengaluru. With our increasingly busy lives, its easy to appreciate the ease and convenience of paying for your everyday items with your everyday device - no more fumbling for wallets and change," said T.V. Seshadri, vice president and country general Manager, South Asia, MasterCard Worldwide. "Both MasterCard and Citi understand the needs that influence consumers' lifestyle choices and have been working closely with the industry to spur the growth of NFC mobile payments by developing open, global standards and driving product innovation. Citi is known world over for its cutting-edge products, and we are confident that with this collaboration, NFC mobile payments is set to take off in India."
Michael Mullagh, CEO of ViVOtech, said: "We are delighted to provide the end-to-end technology from the handset to the reader in one of the world's largest NFC launches. This new technology promises to revolutionize the payment and shopping experience and bring enormous benefits to consumers and the payment, retail and mobile ecosystems."
Citi Tap and Pay customers will use the new NFC-capable Nokia N 6212 classic phone, which they can purchase at designated Nokia stores, pre-loaded with the Citi Tap and Pay application enabled with MasterCard's PayPassTM contactless payments technology. They will then be able to securely execute an Over-The-Air (OTA) download of their Citibank MasterCard Credit card onto their mobile phone. Once personalized, their credit card on the phone is ready. Customers can use the phones to make Tap and Pay transactions at locations displaying the Citi Tap and Pay and MasterCard PayPassTM acceptance marks. Citi Tap and Pay transactions are absolutely secure, and require a PIN validation that ensures complete peace of mind. In addition to the built-in security features, the contactless payment transactions will be automatically charged to a customer's Citibank MasterCard card account through the same secure payment network that processes traditional credit card transactions.
Through this pilot, Citi will gather user insight across a wide range of parameters. In addition to assessing customer acceptance to making contactless transactions through mobile NFC, the pilot will also track the response to NFC-enabled interactive posters and mobile coupon redemptions.
This is one of many innovative solutions Citi is testing and rolling out around the world. In addition to mobile, Citi is developing and delivering products and services for customers who commute via public transit, manage their money online, and are seeking a more convenient retail branch experience.
Bengaluru has a distinct place in Citi's history of innovation as it was the launch-site for Citi's pilot Suvidha program in 1998. The pilot proved so successful that Suvidha went on to create a new product platform called Bank@Work for Citi globally.
Citi
Citi, the leading global financial services company, has approximately 200 million customer accounts and does business in more than 140 countries. Through its two operating units, Citicorp and Citi Holdings, Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, and wealth management. Additional information may be found at www.citigroup.com or www.citi.com.
About Nokia
Nokia is a pioneer in mobile telecommunications and the world's leading maker of mobile devices. Today, we are connecting people in new and different ways - fusing advanced mobile technology with personalized services to enable people to stay close to what matters to them. We also provide comprehensive digital map information through NAVTEQ; and equipment, solutions and services for communications networks through Nokia Siemens Networks.
About Vodafone Essar
Vodafone Essar is the Indian subsidiary of Vodafone Group and commenced operations in 1994 when its predecessor Hutchison
Telecom acquired the cellular license for Mumbai. The company now has operations across the country with over 74.08 million
customers**. Vodafone Group is the world's leading international mobile communications corporation. It currently has equity interests in 27 countries across 5 continents and 40 partner networks with over 303 million proportionate customers worldwide. The Essar Group is Vodafone's principal partner in India. The Essar Group is a diversified business corporation with a balanced portfolio of assets in the manufacturing and services sectors of Steel, Energy, Power, Communications, Shipping Ports & Logistics, and Projects. Essar employs more than 50,000 people across offices in Asia, Africa, Europe and the Americas.
**Figures from Cellular Operators Association of India, May 31, 2009
About MasterCard Worldwide
MasterCard Worldwide advances global commerce by providing a critical economic link among financial institutions, businesses,
cardholders and merchants worldwide. As a franchisor, processor and advisor, MasterCard develops and markets payment solutions, processes approximately 21 billion transactions each year, and provides industry-leading analysis and consulting services to financial institution customers and merchants. Powered by the MasterCard Worldwide Network and through its family of brands, including MasterCard®, Maestro® and Cirrus®, MasterCard serves consumers and businesses in more than 210 countries and territories. For more information go to www.mastercard.com.
About ViVOtech
ViVOtech (www.vivotech.com) is the market leader in Near Field Communication (NFC) mobile payments, promotions and over-the-air (OTA) provisioning infrastructure software, transaction management software, NFC smart posters, and contactless terminals. ViVOtech's products are used by most prominent retailers all over the globe and the company has shipped over 500,000 contactless terminals to more than 35 countries. In 2009, ViVOtech received the prestigious Frost and Sullivan North American Smart cards Product Line Strategy of the Year Award. ViVOtech's investors include Citi, First Data Corporation, Motorola Ventures, NCR, and Nokia Growth Partners.
CONTACT DETAILS
Indu Aishwerya Anand, Citi, +91 (124) 418 6766/ +91 9811771912, indu.anand@citi.com
Godwin Chellem, Citi, +91 9833548882, godwin.chellem@citi.com
KEYWORDS
CONSUMER, MARKETING, BANKING, BUSINESS SERVICES, TELECOMMUNICATIONS, TECHNOLOGY
If you wish to change your Business Wire India selection please click on this link http://www.businesswireindia.com/media/news.asp and use your personal username and password to login.
Submit your press release at http://www.businesswireindia.com
BWI: MoneyWorks4me.com Crosses 1000 Registered Users
Press release from Business Wire India
Source: MoneyWorks4me
Tuesday, June 30, 2009 03:40 PM IST (10:10 AM GMT)
Editors: General: Consumer interest; Business: Accounting & management consultancy services, Advertising, PR & marketing, Banking & financial services, Business services, Information technology, Stock exchanges; Technology
--------------------------------------------------
MoneyWorks4me.com Crosses 1000 Registered Users
Pune, Maharashtra, India, Tuesday, June 30, 2009 -- (Business Wire India) -- Stock Investing on the basis of Business Fundamentals is the new toast of the Indian stock market. It is evident from the response to 'MoneyWorks4me.com' launched in May 2009. The site has crossed the first milestone of 1000 registered users! The initial response has validated the confidence, the founders of the site had shown in the concept of value investing.
According to Sreeram Thiagarajan, co-founder of MoneyWorks4me.com, and an IIM- Ahmedabad Alumnus, "We have been confident about the success of the website right from the time we initiated work on it. The concept of investing in shares based on their fundamentals is always a sensible approach. This is our first attempt to help individual investors who are totally confused by the recommendations and stock analysis by different sources. The initial response has shown us that there are many who believe in this concept and has inspired us to serve them better."
'MoneyWorks4me.com'- a one-of-its-kind portal has been created to make sensible stock investing decisions in Indian Stocks. It enables the investor to take charge of his stock investment decisions without taking away loads of his precious time and effort.
With MoneyWorks4me.com, the investor can
-- Find if the stock is worth investing in
Using the 10 Year X-ray- Here, the investor can get the Vital Financial Numbers of a company for 10 years. These numbers as well as their growth rates are colour coded as Green Orange and Red for easy assessment of Financial Track Record of the company.
-- Know at what price to invest in the selected stock sensibly
Using the Price Calculator - Here, the investor can check out our guidance Buy/Sell prices based on Intrinsic Values. He can also do his own 'What-if' calculations to arrive at buy/sell prices that make sense to him.
MoneyWorks4me.com also has many other interesting features like
1. Screen - helps in identifying companies that have strong fundamentals thereby setting the foundation for building a strong portfolio
2. Wiki Reports-helps the investor understand the past, present and future prospect of various companies, industries as well as economy
3. Portfolio Management Tools-help in building and tracking a portfolio of companies in which he wants to invest
About The Alchemists Ark Private Limited:
The Alchemists Ark Private Limited, the company behind MoneyWorks4me.com, is a Pune-based Consulting Company that has partnered market-leading companies like Castrol, Firepro, Fleetguard, Foseco, Goodyear, M&M, Tata Motors & Toyota, in shaping and implementing their Business & Customer Management strategies. It has a team of over 30+ people comprising Economists, Engineers, MBAs & Tech geeks headed by Raymond Moses and Sreeram Thiagarajan, graduates from IIT/ IIM. To find out more, please visit http://www.moneyworks4me.com.
CONTACT DETAILS
Nandhitha Dorai, Head - Sales & Marketing, MoneyWorks4me, +91 (20) 27293990-95, nandhitha.dorai@moneyworks4me.com, alchemistsark@vsnl.net
KEYWORDS
CONSUMER, CONSULTANCY SERVICES, MARKETING, BANKING, BUSINESS SERVICES, IT, STOCK EXCHANGES, TECHNOLOGY
If you wish to change your Business Wire India selection please click on this link http://www.businesswireindia.com/media/news.asp and use your personal username and password to login.
Submit your press release at http://www.businesswireindia.com
Source: MoneyWorks4me
Tuesday, June 30, 2009 03:40 PM IST (10:10 AM GMT)
Editors: General: Consumer interest; Business: Accounting & management consultancy services, Advertising, PR & marketing, Banking & financial services, Business services, Information technology, Stock exchanges; Technology
--------------------------------------------------
MoneyWorks4me.com Crosses 1000 Registered Users
Pune, Maharashtra, India, Tuesday, June 30, 2009 -- (Business Wire India) -- Stock Investing on the basis of Business Fundamentals is the new toast of the Indian stock market. It is evident from the response to 'MoneyWorks4me.com' launched in May 2009. The site has crossed the first milestone of 1000 registered users! The initial response has validated the confidence, the founders of the site had shown in the concept of value investing.
According to Sreeram Thiagarajan, co-founder of MoneyWorks4me.com, and an IIM- Ahmedabad Alumnus, "We have been confident about the success of the website right from the time we initiated work on it. The concept of investing in shares based on their fundamentals is always a sensible approach. This is our first attempt to help individual investors who are totally confused by the recommendations and stock analysis by different sources. The initial response has shown us that there are many who believe in this concept and has inspired us to serve them better."
'MoneyWorks4me.com'- a one-of-its-kind portal has been created to make sensible stock investing decisions in Indian Stocks. It enables the investor to take charge of his stock investment decisions without taking away loads of his precious time and effort.
With MoneyWorks4me.com, the investor can
-- Find if the stock is worth investing in
Using the 10 Year X-ray- Here, the investor can get the Vital Financial Numbers of a company for 10 years. These numbers as well as their growth rates are colour coded as Green Orange and Red for easy assessment of Financial Track Record of the company.
-- Know at what price to invest in the selected stock sensibly
Using the Price Calculator - Here, the investor can check out our guidance Buy/Sell prices based on Intrinsic Values. He can also do his own 'What-if' calculations to arrive at buy/sell prices that make sense to him.
MoneyWorks4me.com also has many other interesting features like
1. Screen - helps in identifying companies that have strong fundamentals thereby setting the foundation for building a strong portfolio
2. Wiki Reports-helps the investor understand the past, present and future prospect of various companies, industries as well as economy
3. Portfolio Management Tools-help in building and tracking a portfolio of companies in which he wants to invest
About The Alchemists Ark Private Limited:
The Alchemists Ark Private Limited, the company behind MoneyWorks4me.com, is a Pune-based Consulting Company that has partnered market-leading companies like Castrol, Firepro, Fleetguard, Foseco, Goodyear, M&M, Tata Motors & Toyota, in shaping and implementing their Business & Customer Management strategies. It has a team of over 30+ people comprising Economists, Engineers, MBAs & Tech geeks headed by Raymond Moses and Sreeram Thiagarajan, graduates from IIT/ IIM. To find out more, please visit http://www.moneyworks4me.com.
CONTACT DETAILS
Nandhitha Dorai, Head - Sales & Marketing, MoneyWorks4me, +91 (20) 27293990-95, nandhitha.dorai@moneyworks4me.com, alchemistsark@vsnl.net
KEYWORDS
CONSUMER, CONSULTANCY SERVICES, MARKETING, BANKING, BUSINESS SERVICES, IT, STOCK EXCHANGES, TECHNOLOGY
If you wish to change your Business Wire India selection please click on this link http://www.businesswireindia.com/media/news.asp and use your personal username and password to login.
Submit your press release at http://www.businesswireindia.com
BWI: Patel Engineering FY09 Consolidated Revenues Up 32.28%, Net Profit Up 18.82% Board Recommends Final Dividend Rs 0.95 Per Share
Press release from Business Wire India
Source: Patel Engineering Limited
Tuesday, June 30, 2009 03:05 PM IST (09:35 AM GMT)
Editors: General: Consumer interest, Economy; Business: Banking & financial services, Construction, Financial Analyst, Stock exchanges; Technology
--------------------------------------------------
Patel Engineering FY09 Consolidated Revenues Up 32.28%, Net Profit Up 18.82% Board Recommends Final Dividend Rs 0.95 Per Share
Mumbai, Maharashtra, India, Tuesday, June 30, 2009 -- (Business Wire India) -- Civil-infrastructure construction company, Patel Engineering Ltd, today reported 32.28 per cent rise in consolidated net sales at Rs 2,459.84 crore for financial year ended March, 2009 as compared to Rs 1,859.64 crore in the last fiscal year. The EBDITA margin was at 15.84 per cent as against 14.74 per cent in the last fiscal year registering a growth of 110 basis points. Net profit rose by 18.82 per cent to Rs 180.48 crore, as against Rs 151.90 crore posted in the last fiscal year. The diluted Earnings per Share (EPS) for the year stood at Rs. 30.25 compared to Rs. 25.47 for the last fiscal year.
Q4FY09 Performance
Consolidated net sales for the quarter ended March 31, 2009 stood at Rs 964.99 crore as compared to Rs. 726.77 crore, registering a growth of 32.78%. Net Profit during the fourth quarter grew by 25.24 per cent to Rs. 63.22 crore as compared to Rs. 50.48 crore posted in the same period of last fiscal year. The diluted Earnings per share (EPS) stood at Rs. 10.60 as compared to Rs 8.47 in the corresponding period of last fiscal year.
Order Book Position
The company order backlog stood appx at Rs 7,200 crore as on March 31, 2009. During the year, the company bagged new orders amounting more than Rs 3,000 crore. The Company has been declared as the lowest bidder for projects worth more than Rs 2,500 crore.
Management Outlook
The buoyancy in the order book position to continue in the coming next two quarters and we expect our order book position to cross Rs 9,000 crore by mid-year," said Rupen Patel, Managing Director, Patel Engineering Ltd. He also added, "We expect government spending to increase in the area of hydropower, irrigation and urban infrastructure in the coming months.
About Patel Engineering Ltd (BSE:531120, NSE:PATELENG-EQ)
An ISO 9001-2000 certified company set up in 1949, Patel Engineering has blossomed into a front-runner civil engineering construction company in the country with many achievements to its credit. It has executed projects in the field of tunnelling, underground works for hydroelectric & irrigation projects, nuclear and thermal power projects, bridges and marine works and public health projects. Patel Engineering has till date completed in excess of 175 Km of tunnelling work, 78 Dams, and 40 hydroelectric projects in India and 33 micro tunnelling projects in North America. Patel engineering is one of the few Indian companies in this segment, which have presence in the US market. The company has two high technology companies namely, ASI RCC Inc and Westcon Microtunnelling Inc. for undertaking and executing complex projects in various parts of the world including India.
CONTACT DETAILS
Shveta Singh, Sampark Public Relations, +91 (22) 40425550, shveta.singh@sampark.com
Naheed Contractor, Sampark Public Relations, +91 (22) 40425550, naheed.contractor@sampark.com
KEYWORDS
CONSUMER, ECONOMY, BANKING, CONSTRUCTION, Financial Analyst, STOCK EXCHANGES, TECHNOLOGY
If you wish to change your Business Wire India selection please click on this link http://www.businesswireindia.com/media/news.asp and use your personal username and password to login.
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Source: Patel Engineering Limited
Tuesday, June 30, 2009 03:05 PM IST (09:35 AM GMT)
Editors: General: Consumer interest, Economy; Business: Banking & financial services, Construction, Financial Analyst, Stock exchanges; Technology
--------------------------------------------------
Patel Engineering FY09 Consolidated Revenues Up 32.28%, Net Profit Up 18.82% Board Recommends Final Dividend Rs 0.95 Per Share
Mumbai, Maharashtra, India, Tuesday, June 30, 2009 -- (Business Wire India) -- Civil-infrastructure construction company, Patel Engineering Ltd, today reported 32.28 per cent rise in consolidated net sales at Rs 2,459.84 crore for financial year ended March, 2009 as compared to Rs 1,859.64 crore in the last fiscal year. The EBDITA margin was at 15.84 per cent as against 14.74 per cent in the last fiscal year registering a growth of 110 basis points. Net profit rose by 18.82 per cent to Rs 180.48 crore, as against Rs 151.90 crore posted in the last fiscal year. The diluted Earnings per Share (EPS) for the year stood at Rs. 30.25 compared to Rs. 25.47 for the last fiscal year.
Q4FY09 Performance
Consolidated net sales for the quarter ended March 31, 2009 stood at Rs 964.99 crore as compared to Rs. 726.77 crore, registering a growth of 32.78%. Net Profit during the fourth quarter grew by 25.24 per cent to Rs. 63.22 crore as compared to Rs. 50.48 crore posted in the same period of last fiscal year. The diluted Earnings per share (EPS) stood at Rs. 10.60 as compared to Rs 8.47 in the corresponding period of last fiscal year.
Order Book Position
The company order backlog stood appx at Rs 7,200 crore as on March 31, 2009. During the year, the company bagged new orders amounting more than Rs 3,000 crore. The Company has been declared as the lowest bidder for projects worth more than Rs 2,500 crore.
Management Outlook
The buoyancy in the order book position to continue in the coming next two quarters and we expect our order book position to cross Rs 9,000 crore by mid-year," said Rupen Patel, Managing Director, Patel Engineering Ltd. He also added, "We expect government spending to increase in the area of hydropower, irrigation and urban infrastructure in the coming months.
About Patel Engineering Ltd (BSE:531120, NSE:PATELENG-EQ)
An ISO 9001-2000 certified company set up in 1949, Patel Engineering has blossomed into a front-runner civil engineering construction company in the country with many achievements to its credit. It has executed projects in the field of tunnelling, underground works for hydroelectric & irrigation projects, nuclear and thermal power projects, bridges and marine works and public health projects. Patel Engineering has till date completed in excess of 175 Km of tunnelling work, 78 Dams, and 40 hydroelectric projects in India and 33 micro tunnelling projects in North America. Patel engineering is one of the few Indian companies in this segment, which have presence in the US market. The company has two high technology companies namely, ASI RCC Inc and Westcon Microtunnelling Inc. for undertaking and executing complex projects in various parts of the world including India.
CONTACT DETAILS
Shveta Singh, Sampark Public Relations, +91 (22) 40425550, shveta.singh@sampark.com
Naheed Contractor, Sampark Public Relations, +91 (22) 40425550, naheed.contractor@sampark.com
KEYWORDS
CONSUMER, ECONOMY, BANKING, CONSTRUCTION, Financial Analyst, STOCK EXCHANGES, TECHNOLOGY
If you wish to change your Business Wire India selection please click on this link http://www.businesswireindia.com/media/news.asp and use your personal username and password to login.
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BWI: Lifetime Investment Opportunity with SVP Group: Assured 15% Returns in 18 Months
Press release from Business Wire India
Source: SVP Builders India Ltd.
Tuesday, June 30, 2009 03:15 PM IST (09:45 AM GMT)
Editors: General: Consumer interest; Business: Advertising, PR & marketing, Banking & financial services, Construction, Real estate
--------------------------------------------------
Lifetime Investment Opportunity with SVP Group: Assured 15% Returns in 18 Months
Specially Designed Offer for Newly Launched 2 and 3 Bedroom Apartments in Gulmohur Greens; Minimum Booking Amount Required is Rs. 1 Lakh
New Delhi, Delhi, India, Tuesday, June 30, 2009 -- (Business Wire India) -- SVP Group, the leading real estate group of NCR, is presenting a new lifetime investment opportunity in the form of its extremely high-potential project: Gulmohur Greens at Mohan Nagar, Near Hindon Airforce Station, Ghaziabad. The company offers property buyers an assured return of Rs. 3,00,000/- on the booking down payment of Rs. 1,00,000/- only.
This offer is specially designed for their newly launched 2 and 3 bedroom apartments of 1190 sqft and 1370 sqft respectively at a price of Rs. 2700 per sqft. A minimum booking amount of Rs.1, 00,000/- [Rupees One Lakh] for both 2&3 BHK is required, followed with 55% financed by the financial institution.
Presenting the scheme of the lifetime, Mr. Vijay Jindal, CMD, SVP Group said, "This scheme will enable buyers to reap high returns in future if they opt to retain the flat. We are confident that the scheme presented here will definitely further reinforce our indisputable status as a pioneer in the highly-competitive realty sector and attract buyers to buy their dream home in the real green project which is going to be handed over soon."
This is an irresistible scheme that proposes a total win-win proposition for the property buyers. Under the scheme, property buyers will be handed over a cheque of Rs. 3,00,000/- bearing the current date, unlike the industry practice of post dated cheque, on which the financial institution would disperse the booking amount.
About the Project:-
"GULMOHUR GREENS" is SVP Group's largest, most prestigious & luxurious residential project, which is unique in its strategic location with green surroundings on the corridor of Delhi. The project has been designed by architects of international repute and is equipped with state of art technology, ultra modern amenities, facilities and features.
Its location next to Hindon Air base is its USP. Spread over 23 acre with 80 per cent green surroundings and 20 acre basement parking, the project has 1200 residential units including flats, villas, apartments and penthouses with terrace garden and pool. Facing a green belt of 450 acres, it is the highest project in the vicinity providing an unrestricted view of the greens and the horizon having central park of 4.5 acres with open amphitheater. Parking is available for 1800 cars in the project with individual parking area of around 112sq ft. There is three tier swimming pool at the club site, which will also have gym, sauna bath, billiards and a badminton court.
Facing a green belt of 450 acres and conceived with the latest environmental standards in mind, Gulmohur Greens has been designed to offer its residents a taste of the healthy green life. Also, this does not permit the building of sky-scrapers in the area, Gulmohar Greensis the highest project in the vicinity, providing you with an unrestricted view of the greensand an unparalleled vision of the horizon. The project has been designed by C.P. Kukreja, and landscape architect is Paul Friedberg.
CONTACT DETAILS
Jayanta Barua, SVP Group, +91 9717095552, jayanta@svpgroup.in
KEYWORDS
CONSUMER, MARKETING, BANKING, CONSTRUCTION, REAL ESTATE
If you wish to change your Business Wire India selection please click on this link http://www.businesswireindia.com/media/news.asp and use your personal username and password to login.
Submit your press release at http://www.businesswireindia.com
Source: SVP Builders India Ltd.
Tuesday, June 30, 2009 03:15 PM IST (09:45 AM GMT)
Editors: General: Consumer interest; Business: Advertising, PR & marketing, Banking & financial services, Construction, Real estate
--------------------------------------------------
Lifetime Investment Opportunity with SVP Group: Assured 15% Returns in 18 Months
Specially Designed Offer for Newly Launched 2 and 3 Bedroom Apartments in Gulmohur Greens; Minimum Booking Amount Required is Rs. 1 Lakh
New Delhi, Delhi, India, Tuesday, June 30, 2009 -- (Business Wire India) -- SVP Group, the leading real estate group of NCR, is presenting a new lifetime investment opportunity in the form of its extremely high-potential project: Gulmohur Greens at Mohan Nagar, Near Hindon Airforce Station, Ghaziabad. The company offers property buyers an assured return of Rs. 3,00,000/- on the booking down payment of Rs. 1,00,000/- only.
This offer is specially designed for their newly launched 2 and 3 bedroom apartments of 1190 sqft and 1370 sqft respectively at a price of Rs. 2700 per sqft. A minimum booking amount of Rs.1, 00,000/- [Rupees One Lakh] for both 2&3 BHK is required, followed with 55% financed by the financial institution.
Presenting the scheme of the lifetime, Mr. Vijay Jindal, CMD, SVP Group said, "This scheme will enable buyers to reap high returns in future if they opt to retain the flat. We are confident that the scheme presented here will definitely further reinforce our indisputable status as a pioneer in the highly-competitive realty sector and attract buyers to buy their dream home in the real green project which is going to be handed over soon."
This is an irresistible scheme that proposes a total win-win proposition for the property buyers. Under the scheme, property buyers will be handed over a cheque of Rs. 3,00,000/- bearing the current date, unlike the industry practice of post dated cheque, on which the financial institution would disperse the booking amount.
About the Project:-
"GULMOHUR GREENS" is SVP Group's largest, most prestigious & luxurious residential project, which is unique in its strategic location with green surroundings on the corridor of Delhi. The project has been designed by architects of international repute and is equipped with state of art technology, ultra modern amenities, facilities and features.
Its location next to Hindon Air base is its USP. Spread over 23 acre with 80 per cent green surroundings and 20 acre basement parking, the project has 1200 residential units including flats, villas, apartments and penthouses with terrace garden and pool. Facing a green belt of 450 acres, it is the highest project in the vicinity providing an unrestricted view of the greens and the horizon having central park of 4.5 acres with open amphitheater. Parking is available for 1800 cars in the project with individual parking area of around 112sq ft. There is three tier swimming pool at the club site, which will also have gym, sauna bath, billiards and a badminton court.
Facing a green belt of 450 acres and conceived with the latest environmental standards in mind, Gulmohur Greens has been designed to offer its residents a taste of the healthy green life. Also, this does not permit the building of sky-scrapers in the area, Gulmohar Greensis the highest project in the vicinity, providing you with an unrestricted view of the greensand an unparalleled vision of the horizon. The project has been designed by C.P. Kukreja, and landscape architect is Paul Friedberg.
CONTACT DETAILS
Jayanta Barua, SVP Group, +91 9717095552, jayanta@svpgroup.in
KEYWORDS
CONSUMER, MARKETING, BANKING, CONSTRUCTION, REAL ESTATE
If you wish to change your Business Wire India selection please click on this link http://www.businesswireindia.com/media/news.asp and use your personal username and password to login.
Submit your press release at http://www.businesswireindia.com
BWI: Disha Direct to Showcase its Success Story at BMM’09 Convention in Philadelphia
Press release from Business Wire India
Source: Disha Direct
Tuesday, June 30, 2009 02:00 PM IST (08:30 AM GMT)
Editors: General: Consumer interest; Business: Advertising, PR & marketing, Construction, Real estate
--------------------------------------------------
Disha Direct to Showcase its Success Story at BMM'09 Convention in Philadelphia
India's Leading Real Estate Marketing Organization, Disha Direct, is One of Only Two Companies from India to be Part of the Event Organized by the Bruhan Maharashtra Mandal
Mumbai, Maharashtra, India, Tuesday, June 30, 2009 -- (Business Wire India) -- Disha Direct Marketing Services, the leader in real estate marketing in India, has been chosen to be a part of the very prestigious BMM'09 Convention 2009 and Trade Fair & Expo to be held at Pennsylvania Convention Center, Philadelphia, USA from July 2 to July 5, 2009.
Disha Direct is one of the only two Indian companies that have been chosen from India to be a part of the prestigious event.Mr. Santosh Naik, MD & CEO of the Disha Direct Group will present the story of how the organisation has strived to emerge a market leader in the realm of marketing real estate.
Disha Direct will also showcase the finest array of properties the company markets at its exhibition stall No.417 at the expo, which runs from Jul 3-5.
Over 1500 entrepreneurs, industrialists, students of management, prominent personalities and dignitaries are expected to attend the event. In addition, members of more than 10,000 Maharashtrian families settled in America are expected to visit the convention to establish a direct connect with India.
The BMM'09 Convention 2009 and Trade Fair & Expo is organised by Bruhan Maharashtra Mandal, an umbrella organisation of Marathi Associations based in North America. BMM was established in 1981 in Chicago to address the concerns and needs of the increasing Maharashtrian population in North America. The organization has been hosting hosting biennial conferences since its first convention in 1984 in Chicago to bring together Marathi speaking people under one roof to celebrate the rich Marathi culture. The 2009 convention is the 14th in its series of hugely successful conventions that attracts the attendance of prominent Maharashtrians travelling from India.
For Disha Direct, the BMM Convention is an excellent platform to network with commendable groups of NRIs settled in America.
Commenting on their participation at this prestigious event, Mr. Santosh Naik, MD & CEO of Disha Direct said, "Opportunities like these come once in a life time. I am eager to interact with our own people who in spite of staying abroad continue to love their country and still speak the same language of trust. Being chosen to present ourselves as Disha Direct at the convention, we feel privileged to share a platform with global Indians who are eager to discover the India that has embarked on a journey towards a golden future. Definitely we will continue with our tradition of being innovative and presenting the best at BMM."
The Disha Direct Group is the pioneer of the Second Homes concept. In the past 6 years Disha Direct has grown into a widely recognized and hugely popular brand that is now a household name for providing services across the entire spectrum of real estate services- be it residential or commercial properties; second homes or plots of land; charismatic homes or vast expanses of land. Adhering to strong ethics, coupled with strong marketing skills and driven by unique innovative concepts, Disha Direct has translated many real estate investments into huge success stories.
The stupendous success of the ISO 9001:2008 certified conglomerate owes itself to the strong base provided by its research team and the confidence, vision and marketing acumen of its founder which gives the much needed impetus for the growth of organisation. The organization continues to chart its course as a customer-centric organization that never compromises quality for quantity, a vision with which Mr. Santosh Naik had ventured into the highly competitive sector to revolutionise realty marketing.
About Disha Direct:
Disha Direct is a leading real estate marketing organisation. It offers services across the entire spectrum of real estate - be it residential properties in cities and towns, 2nd homes away from the city, plots of developed land, commercial properties, expansive acres of land or some rare charismatic homes and investment opportunities. Well-equipped with a team of over 200 professionals, 7 brands, 10 offices, International Offices at Dubai & New York, 1 Real Estate Expert Advisory, 8 completed projects, 28 ongoing projects and 4000 happy customers; Disha Direct is not just a real estate conglomerate but a philosophy etched in the minds of many. For more details, log on to www.dishadirect.in
CONTACT DETAILS
Saju Nair, Disha Direct, +91 9987684721, sajum.nair@dishadirect.in
KEYWORDS
CONSUMER, MARKETING, CONSTRUCTION, REAL ESTATE
If you wish to change your Business Wire India selection please click on this link http://www.businesswireindia.com/media/news.asp and use your personal username and password to login.
Submit your press release at http://www.businesswireindia.com
Source: Disha Direct
Tuesday, June 30, 2009 02:00 PM IST (08:30 AM GMT)
Editors: General: Consumer interest; Business: Advertising, PR & marketing, Construction, Real estate
--------------------------------------------------
Disha Direct to Showcase its Success Story at BMM'09 Convention in Philadelphia
India's Leading Real Estate Marketing Organization, Disha Direct, is One of Only Two Companies from India to be Part of the Event Organized by the Bruhan Maharashtra Mandal
Mumbai, Maharashtra, India, Tuesday, June 30, 2009 -- (Business Wire India) -- Disha Direct Marketing Services, the leader in real estate marketing in India, has been chosen to be a part of the very prestigious BMM'09 Convention 2009 and Trade Fair & Expo to be held at Pennsylvania Convention Center, Philadelphia, USA from July 2 to July 5, 2009.
Disha Direct is one of the only two Indian companies that have been chosen from India to be a part of the prestigious event.Mr. Santosh Naik, MD & CEO of the Disha Direct Group will present the story of how the organisation has strived to emerge a market leader in the realm of marketing real estate.
Disha Direct will also showcase the finest array of properties the company markets at its exhibition stall No.417 at the expo, which runs from Jul 3-5.
Over 1500 entrepreneurs, industrialists, students of management, prominent personalities and dignitaries are expected to attend the event. In addition, members of more than 10,000 Maharashtrian families settled in America are expected to visit the convention to establish a direct connect with India.
The BMM'09 Convention 2009 and Trade Fair & Expo is organised by Bruhan Maharashtra Mandal, an umbrella organisation of Marathi Associations based in North America. BMM was established in 1981 in Chicago to address the concerns and needs of the increasing Maharashtrian population in North America. The organization has been hosting hosting biennial conferences since its first convention in 1984 in Chicago to bring together Marathi speaking people under one roof to celebrate the rich Marathi culture. The 2009 convention is the 14th in its series of hugely successful conventions that attracts the attendance of prominent Maharashtrians travelling from India.
For Disha Direct, the BMM Convention is an excellent platform to network with commendable groups of NRIs settled in America.
Commenting on their participation at this prestigious event, Mr. Santosh Naik, MD & CEO of Disha Direct said, "Opportunities like these come once in a life time. I am eager to interact with our own people who in spite of staying abroad continue to love their country and still speak the same language of trust. Being chosen to present ourselves as Disha Direct at the convention, we feel privileged to share a platform with global Indians who are eager to discover the India that has embarked on a journey towards a golden future. Definitely we will continue with our tradition of being innovative and presenting the best at BMM."
The Disha Direct Group is the pioneer of the Second Homes concept. In the past 6 years Disha Direct has grown into a widely recognized and hugely popular brand that is now a household name for providing services across the entire spectrum of real estate services- be it residential or commercial properties; second homes or plots of land; charismatic homes or vast expanses of land. Adhering to strong ethics, coupled with strong marketing skills and driven by unique innovative concepts, Disha Direct has translated many real estate investments into huge success stories.
The stupendous success of the ISO 9001:2008 certified conglomerate owes itself to the strong base provided by its research team and the confidence, vision and marketing acumen of its founder which gives the much needed impetus for the growth of organisation. The organization continues to chart its course as a customer-centric organization that never compromises quality for quantity, a vision with which Mr. Santosh Naik had ventured into the highly competitive sector to revolutionise realty marketing.
About Disha Direct:
Disha Direct is a leading real estate marketing organisation. It offers services across the entire spectrum of real estate - be it residential properties in cities and towns, 2nd homes away from the city, plots of developed land, commercial properties, expansive acres of land or some rare charismatic homes and investment opportunities. Well-equipped with a team of over 200 professionals, 7 brands, 10 offices, International Offices at Dubai & New York, 1 Real Estate Expert Advisory, 8 completed projects, 28 ongoing projects and 4000 happy customers; Disha Direct is not just a real estate conglomerate but a philosophy etched in the minds of many. For more details, log on to www.dishadirect.in
CONTACT DETAILS
Saju Nair, Disha Direct, +91 9987684721, sajum.nair@dishadirect.in
KEYWORDS
CONSUMER, MARKETING, CONSTRUCTION, REAL ESTATE
If you wish to change your Business Wire India selection please click on this link http://www.businesswireindia.com/media/news.asp and use your personal username and password to login.
Submit your press release at http://www.businesswireindia.com
BWI: PayPal Launches New Seller Protection for its eBay Sellers
Press release from Business Wire India
Source: PayPal
Tuesday, June 30, 2009 02:00 PM IST (08:30 AM GMT)
Editors: General: Consumer interest; Business: Advertising, PR & marketing, Banking & financial services, Business services, Information technology; Technology
--------------------------------------------------
PayPal Launches New Seller Protection for its eBay Sellers
Mumbai, Maharashtra, India, Tuesday, June 30, 2009 -- (Business Wire India) -- PayPal, an eBay company, today announced that it is launching new protection for its eBay sellers. The new coverage will provide protection against unauthorised payments and claims for items not received for eligible items sold on eBay websites.
Additionally, as part of PayPal's new seller protection coverage, sellers will benefit from a new feature which alerts them of potential, high-risk transactions within moments of receiving a payment so that they don't ship their items until the payment clears - helping them to reduce their losses.
"PayPal's number one priority has always been providing the safest online payment service for buyers and sellers. We are excited to offer our sellers industry-leading protection which will help to them to better manage their risks and reduce their costs. For our eBay sellers in India, we also believe that seller protection will provide them greater confidence to grow their businesses safely in more markets." said Mario Shiliashki, General Manager of PayPal Southeast Asia and India.
PayPal currently has over 70 million active accounts globally. The addition of seller protection helps sellers by reducing their burdens of online risk and for making selling on eBay with PayPal even safer and easier. Seller protection is free and has no annual coverage limit. To qualify, sellers will need to submit the appropriate shipping documentation for eligible items when a transaction issue arises. Additionally, it is available for payments from 190 PayPal accepted markets for eligible eBay items.
About PayPal
PayPal is the faster, safer way to pay and get paid online. The service allows members to send and receive payments without sharing financial information, with the flexibility to pay or get paid using a variety of secure payment options, including account balances, bank accounts (in approved countries), credit cards or promotional financing. With more than 70 million active accounts in 190 markets and 19 currencies around the world, PayPal enables global ecommerce.
In the U.S., PayPal is the most preferred payment service on the Web after Visa. In the UK and Australia, PayPal is the most preferred payment service on the Web. (Source: PayPal Brand Tracker Q4 08 and Nielsen Consumer Report 2H 2008)
PayPal's Total Payment Volume, the total value of transactions in 2008 represented nearly 9 percent of global e-commerce. (based on Forrester estimates of US e-commerce with the addition of eBay Inc. internal metrics totaling $256B)
PayPal is headquartered in San Jose, California. Its international headquarters (PayPal Private Limited) are located in Singapore. PayPal is an eBay company. More information about the company can be found at www.paypal.com.
Consumer advisory - PayPal Pte. Ltd., the holder of PayPal's stored value facility, does not require the approval of the Monetary Authority of Singapore. Users are advised to read the terms and conditions available at www.paypal.com carefully before use.
CONTACT DETAILS
Preeti Gupta, Account Director, Vox Public Relations, +91 9871401722, preetig@voxpr.co.in
KEYWORDS
CONSUMER, MARKETING, BANKING, BUSINESS SERVICES, IT, TECHNOLOGY
If you wish to change your Business Wire India selection please click on this link http://www.businesswireindia.com/media/news.asp and use your personal username and password to login.
Submit your press release at http://www.businesswireindia.com
Source: PayPal
Tuesday, June 30, 2009 02:00 PM IST (08:30 AM GMT)
Editors: General: Consumer interest; Business: Advertising, PR & marketing, Banking & financial services, Business services, Information technology; Technology
--------------------------------------------------
PayPal Launches New Seller Protection for its eBay Sellers
Mumbai, Maharashtra, India, Tuesday, June 30, 2009 -- (Business Wire India) -- PayPal, an eBay company, today announced that it is launching new protection for its eBay sellers. The new coverage will provide protection against unauthorised payments and claims for items not received for eligible items sold on eBay websites.
Additionally, as part of PayPal's new seller protection coverage, sellers will benefit from a new feature which alerts them of potential, high-risk transactions within moments of receiving a payment so that they don't ship their items until the payment clears - helping them to reduce their losses.
"PayPal's number one priority has always been providing the safest online payment service for buyers and sellers. We are excited to offer our sellers industry-leading protection which will help to them to better manage their risks and reduce their costs. For our eBay sellers in India, we also believe that seller protection will provide them greater confidence to grow their businesses safely in more markets." said Mario Shiliashki, General Manager of PayPal Southeast Asia and India.
PayPal currently has over 70 million active accounts globally. The addition of seller protection helps sellers by reducing their burdens of online risk and for making selling on eBay with PayPal even safer and easier. Seller protection is free and has no annual coverage limit. To qualify, sellers will need to submit the appropriate shipping documentation for eligible items when a transaction issue arises. Additionally, it is available for payments from 190 PayPal accepted markets for eligible eBay items.
About PayPal
PayPal is the faster, safer way to pay and get paid online. The service allows members to send and receive payments without sharing financial information, with the flexibility to pay or get paid using a variety of secure payment options, including account balances, bank accounts (in approved countries), credit cards or promotional financing. With more than 70 million active accounts in 190 markets and 19 currencies around the world, PayPal enables global ecommerce.
In the U.S., PayPal is the most preferred payment service on the Web after Visa. In the UK and Australia, PayPal is the most preferred payment service on the Web. (Source: PayPal Brand Tracker Q4 08 and Nielsen Consumer Report 2H 2008)
PayPal's Total Payment Volume, the total value of transactions in 2008 represented nearly 9 percent of global e-commerce. (based on Forrester estimates of US e-commerce with the addition of eBay Inc. internal metrics totaling $256B)
PayPal is headquartered in San Jose, California. Its international headquarters (PayPal Private Limited) are located in Singapore. PayPal is an eBay company. More information about the company can be found at www.paypal.com.
Consumer advisory - PayPal Pte. Ltd., the holder of PayPal's stored value facility, does not require the approval of the Monetary Authority of Singapore. Users are advised to read the terms and conditions available at www.paypal.com carefully before use.
CONTACT DETAILS
Preeti Gupta, Account Director, Vox Public Relations, +91 9871401722, preetig@voxpr.co.in
KEYWORDS
CONSUMER, MARKETING, BANKING, BUSINESS SERVICES, IT, TECHNOLOGY
If you wish to change your Business Wire India selection please click on this link http://www.businesswireindia.com/media/news.asp and use your personal username and password to login.
Submit your press release at http://www.businesswireindia.com
BWI: IAMAI and IndiaMART.com Announce First Ever Conference on 'ICT for SMEs'
Press release from Business Wire India
Source: IndiaMART
Tuesday, June 30, 2009 01:17 PM IST (07:47 AM GMT)
Editors: General: Consumer interest; Business: Business services, Information technology, Media & entertainment, Telecommunications; Technology
--------------------------------------------------
IAMAI and IndiaMART.com Announce First Ever Conference on 'ICT for SMEs'
New Delhi, Delhi, India, Tuesday, June 30, 2009 -- (Business Wire India) -- -- First ever conference on ICT for SMEs.
-- SMEs poised to benefit out of conference on ICT
The Internet and Mobile Association of India (IAMAI) and IndiaMART.com, India's largest online B2B marketplace are organizing a first of its kind conference on "ICT for SMEs" to focus on technology-driven growth avenues for the small and medium enterprise (SME) sector.
The one-day conference, to be held on July 10th in New Delhi will provide SME's owners and managers the opportunity to understand and choose the right technology for their respective growth plans.
Among a host of relevant issues, speakers at the conference will shed light on potential barriers to technology adoption by SMEs which effectuate issues like operational flexibility, reaching potential clients globally, competitiveness in domestic market and boosting ROI with minimum resources. IAMAI President - Dr Subho Ray said, "Since SMEs are the largest source of employment in India, it becomes imperative for us to build and equip them with the latest and available technologies so that they can achieve their business objectives and run their businesses effectively. Being the nodal body of India's internet and mobile industry, it gives us immense pleasure to be able to play a constructive role for the SME sector".
"Given the humongous base of SMEs that India has, it is only imperative that they be encouraged and hand-held for better adoption of ICT. This conference will go a long way in exhorting SMEs to graduate to the next level", said Dinesh Agarwal, Founder and CEO of IndiaMART.com.
The conference will have distinguished speakers like Mr. Dinesh Rai, Secretary, Ministry of Micro, Small and Medium Enterprises (MSMEs), Government of India, Mr. Dinesh Agarwal, Founder and CEO of IndiaMART.com, Mr. Shekhar Kirani, Vice President, VeriSign, Mr. Ramraj Pai, Director-SME Ratings, CRISIL, Mr. Rajiv Sodhi, Director, Emerging Geographies, Microsoft India, Mr. Gurmukh Singh, Head Business Marketing, Intel South Asia, Mr. Sugata Sarkar, Group Business-Director, IMRB, Mr. Harish Bahl Founder & Chief Executive Officer, Smile Interactive Technologies Group, Mr. B. Muralikrishnan Director- Category & Product Management, eBay India.
For more information please visit: http://iamai.in/events/ICT/index.htm
About IndiaMART.com
IndiaMART.com is India's largest online B2B marketplace connecting global buyers with suppliers through business directories, online product catalogs, buy-sell offers, industry specific marketplaces, printed media and trade shows participation.
Founded in 1996, the company has a presence in over 100 cities pan-India. With approximately 1000 employees, IndiaMART.com offers an extensive range of value-added products and services to over 500,000 members and over 5 million global buyers across industries and verticals.
IndiaMART.com has won numerous awards over the years including Red Herring 100 Asia & Emerging India and the company has been widely covered by media such as CNBC, BBC, BusinessMoney, CNN, Businessworld, Economic Times, Financial Express, etc. Its existing investors include Intel Capital and Bennett, Coleman & Co. Ltd. (Times Group), India's largest print media group.
For more information, please visit: www.indiamart.com/press-section/
About IAMAI
The Internet & Mobile Association of India (IAMAI) is a not-for-profit industry body registered under the Societies Act, 1896. Its mandate is to expand and enhance the online and mobile value added services sectors. It is dedicated to presenting a unified voice of the businesses it represents to the government, investors, consumers and other stakeholders. The association addresses the issues, concerns and challenges of the Internet and Mobile economy and takes a leading role in its development.
For more information, please visit: www.iamai.in
CONTACT DETAILS
Arun Tyagi, Marketing and PR, IndiaMART, +91 (120) 6777777, 3911000/ + 91 9711003832, pr@indiamart.com
Kalyan Biswas, Internet and Mobile Association of India (IAMAI), +91 (11) 4657 0328/ +91 9971768811, kalyan@iamai.in
KEYWORDS
CONSUMER, BUSINESS SERVICES, IT, MEDIA, TELECOMMUNICATIONS, TECHNOLOGY
If you wish to change your Business Wire India selection please click on this link http://www.businesswireindia.com/media/news.asp and use your personal username and password to login.
Submit your press release at http://www.businesswireindia.com
Source: IndiaMART
Tuesday, June 30, 2009 01:17 PM IST (07:47 AM GMT)
Editors: General: Consumer interest; Business: Business services, Information technology, Media & entertainment, Telecommunications; Technology
--------------------------------------------------
IAMAI and IndiaMART.com Announce First Ever Conference on 'ICT for SMEs'
New Delhi, Delhi, India, Tuesday, June 30, 2009 -- (Business Wire India) -- -- First ever conference on ICT for SMEs.
-- SMEs poised to benefit out of conference on ICT
The Internet and Mobile Association of India (IAMAI) and IndiaMART.com, India's largest online B2B marketplace are organizing a first of its kind conference on "ICT for SMEs" to focus on technology-driven growth avenues for the small and medium enterprise (SME) sector.
The one-day conference, to be held on July 10th in New Delhi will provide SME's owners and managers the opportunity to understand and choose the right technology for their respective growth plans.
Among a host of relevant issues, speakers at the conference will shed light on potential barriers to technology adoption by SMEs which effectuate issues like operational flexibility, reaching potential clients globally, competitiveness in domestic market and boosting ROI with minimum resources. IAMAI President - Dr Subho Ray said, "Since SMEs are the largest source of employment in India, it becomes imperative for us to build and equip them with the latest and available technologies so that they can achieve their business objectives and run their businesses effectively. Being the nodal body of India's internet and mobile industry, it gives us immense pleasure to be able to play a constructive role for the SME sector".
"Given the humongous base of SMEs that India has, it is only imperative that they be encouraged and hand-held for better adoption of ICT. This conference will go a long way in exhorting SMEs to graduate to the next level", said Dinesh Agarwal, Founder and CEO of IndiaMART.com.
The conference will have distinguished speakers like Mr. Dinesh Rai, Secretary, Ministry of Micro, Small and Medium Enterprises (MSMEs), Government of India, Mr. Dinesh Agarwal, Founder and CEO of IndiaMART.com, Mr. Shekhar Kirani, Vice President, VeriSign, Mr. Ramraj Pai, Director-SME Ratings, CRISIL, Mr. Rajiv Sodhi, Director, Emerging Geographies, Microsoft India, Mr. Gurmukh Singh, Head Business Marketing, Intel South Asia, Mr. Sugata Sarkar, Group Business-Director, IMRB, Mr. Harish Bahl Founder & Chief Executive Officer, Smile Interactive Technologies Group, Mr. B. Muralikrishnan Director- Category & Product Management, eBay India.
For more information please visit: http://iamai.in/events/ICT/index.htm
About IndiaMART.com
IndiaMART.com is India's largest online B2B marketplace connecting global buyers with suppliers through business directories, online product catalogs, buy-sell offers, industry specific marketplaces, printed media and trade shows participation.
Founded in 1996, the company has a presence in over 100 cities pan-India. With approximately 1000 employees, IndiaMART.com offers an extensive range of value-added products and services to over 500,000 members and over 5 million global buyers across industries and verticals.
IndiaMART.com has won numerous awards over the years including Red Herring 100 Asia & Emerging India and the company has been widely covered by media such as CNBC, BBC, BusinessMoney, CNN, Businessworld, Economic Times, Financial Express, etc. Its existing investors include Intel Capital and Bennett, Coleman & Co. Ltd. (Times Group), India's largest print media group.
For more information, please visit: www.indiamart.com/press-section/
About IAMAI
The Internet & Mobile Association of India (IAMAI) is a not-for-profit industry body registered under the Societies Act, 1896. Its mandate is to expand and enhance the online and mobile value added services sectors. It is dedicated to presenting a unified voice of the businesses it represents to the government, investors, consumers and other stakeholders. The association addresses the issues, concerns and challenges of the Internet and Mobile economy and takes a leading role in its development.
For more information, please visit: www.iamai.in
CONTACT DETAILS
Arun Tyagi, Marketing and PR, IndiaMART, +91 (120) 6777777, 3911000/ + 91 9711003832, pr@indiamart.com
Kalyan Biswas, Internet and Mobile Association of India (IAMAI), +91 (11) 4657 0328/ +91 9971768811, kalyan@iamai.in
KEYWORDS
CONSUMER, BUSINESS SERVICES, IT, MEDIA, TELECOMMUNICATIONS, TECHNOLOGY
If you wish to change your Business Wire India selection please click on this link http://www.businesswireindia.com/media/news.asp and use your personal username and password to login.
Submit your press release at http://www.businesswireindia.com
BWI: Progressive Infotech Accelerates Growth in South East with a New International Subsidiary in Singapore
Press release from Business Wire India
Source: Progressive Infotech
Tuesday, June 30, 2009 12:36 PM IST (07:06 AM GMT)
Editors: General: Consumer interest; Business: Advertising, PR & marketing, Business services, Information technology; Technology
--------------------------------------------------
Progressive Infotech Accelerates Growth in South East with a New International Subsidiary in Singapore
New Delhi, Delhi, India, Tuesday, June 30, 2009 -- (Business Wire India) -- Progressive Infotech, a leading independent provider of ICT Infrastructure Services opens a new international subsidiary in Singapore. In 2008, Progressive had set up a subsidiary in Dubai to expand its presence in the Middle Eastern market.
After venturing into the UAE market, Progressive's focus is on developing, leading and delivering the company's strategy and growth initiatives in Singapore. This global expansion marks Progressive's foray into the ASEAN markets which includes countries like Malaysia, Indonesia, Thailand, Philippines, Vietnam etc besides Singapore . The operations in this region would be spear headed by Mr. Bhaskaran S - Regional Vice President (bhaskaran.s@sg.progressive.in).
Leveraging on strengths and competencies in India, Progressive Singapore will offer a complete suite of managed as well as professional services to this market. Managed Services offered include Integrated Infrastructure Management, Remote Infrastructure Management, Managed Support and Managed Hosting. On the other hand, the Professional Services encompass Data Centre Design & Integration, Enterprise Management Practice based on HP software, Microsoft Core Technology and Linux Technology Practice, Virtualization, Information Lifecycle Management, Business Continuity and Availability and Consulting Practice.
"The opening of international subsidiary is a milestone in an aggressive expansion into critical international markets as we continue to capitalize on global growth in IT infrastructure services. This International expansion presents a tremendous growth opportunity and is an initiative as part of our Global Business Strategy. With direct operations in Singapore, Progressive has transited to a multinational organization," said Mr. Prateek Garg, Managing Director and CEO, Progressive Infotech.
About Progressive Infotech
Progressive Infotech is a leading independent provider of ICT Infrastructure Services encompassing Provisioning, Integration and Management of ICT Infrastructure. Progressive's services offering span across the ICT infrastructure needs of an enterprise and has three strategic business units; Infrastructure Provisioning & Integration, Managed Services and Professional Services. It is the Premier Enterprise Partner of HP and has strategic alliances with all the industry majors and provides ICT Infrastructure Management services across the industry verticals. Founded in 1998, the company employs over 800 associates and operates from its head office in Noida, covering more than 110 locations country wide including regional offices in all major cities like Mumbai, Chennai, Bangalore, Hyderabad and Kolkata. For more information about the company, please visit www.progressive.in.
CONTACT DETAILS
Binal Kamdar, Positive Communications, +91 (11) 26601800/ +91 9990609553, binal@positiveindia.biz
KEYWORDS
CONSUMER, MARKETING, BUSINESS SERVICES, IT, TECHNOLOGY
If you wish to change your Business Wire India selection please click on this link http://www.businesswireindia.com/media/news.asp and use your personal username and password to login.
Submit your press release at http://www.businesswireindia.com
Source: Progressive Infotech
Tuesday, June 30, 2009 12:36 PM IST (07:06 AM GMT)
Editors: General: Consumer interest; Business: Advertising, PR & marketing, Business services, Information technology; Technology
--------------------------------------------------
Progressive Infotech Accelerates Growth in South East with a New International Subsidiary in Singapore
New Delhi, Delhi, India, Tuesday, June 30, 2009 -- (Business Wire India) -- Progressive Infotech, a leading independent provider of ICT Infrastructure Services opens a new international subsidiary in Singapore. In 2008, Progressive had set up a subsidiary in Dubai to expand its presence in the Middle Eastern market.
After venturing into the UAE market, Progressive's focus is on developing, leading and delivering the company's strategy and growth initiatives in Singapore. This global expansion marks Progressive's foray into the ASEAN markets which includes countries like Malaysia, Indonesia, Thailand, Philippines, Vietnam etc besides Singapore . The operations in this region would be spear headed by Mr. Bhaskaran S - Regional Vice President (bhaskaran.s@sg.progressive.in).
Leveraging on strengths and competencies in India, Progressive Singapore will offer a complete suite of managed as well as professional services to this market. Managed Services offered include Integrated Infrastructure Management, Remote Infrastructure Management, Managed Support and Managed Hosting. On the other hand, the Professional Services encompass Data Centre Design & Integration, Enterprise Management Practice based on HP software, Microsoft Core Technology and Linux Technology Practice, Virtualization, Information Lifecycle Management, Business Continuity and Availability and Consulting Practice.
"The opening of international subsidiary is a milestone in an aggressive expansion into critical international markets as we continue to capitalize on global growth in IT infrastructure services. This International expansion presents a tremendous growth opportunity and is an initiative as part of our Global Business Strategy. With direct operations in Singapore, Progressive has transited to a multinational organization," said Mr. Prateek Garg, Managing Director and CEO, Progressive Infotech.
About Progressive Infotech
Progressive Infotech is a leading independent provider of ICT Infrastructure Services encompassing Provisioning, Integration and Management of ICT Infrastructure. Progressive's services offering span across the ICT infrastructure needs of an enterprise and has three strategic business units; Infrastructure Provisioning & Integration, Managed Services and Professional Services. It is the Premier Enterprise Partner of HP and has strategic alliances with all the industry majors and provides ICT Infrastructure Management services across the industry verticals. Founded in 1998, the company employs over 800 associates and operates from its head office in Noida, covering more than 110 locations country wide including regional offices in all major cities like Mumbai, Chennai, Bangalore, Hyderabad and Kolkata. For more information about the company, please visit www.progressive.in.
CONTACT DETAILS
Binal Kamdar, Positive Communications, +91 (11) 26601800/ +91 9990609553, binal@positiveindia.biz
KEYWORDS
CONSUMER, MARKETING, BUSINESS SERVICES, IT, TECHNOLOGY
If you wish to change your Business Wire India selection please click on this link http://www.businesswireindia.com/media/news.asp and use your personal username and password to login.
Submit your press release at http://www.businesswireindia.com
Monday, June 29, 2009
BWI: Bandra-Worli Sea Link to be Inaugurated on June 30
Press release from Business Wire India
Source: Hindustan Construction Co. Ltd (HCC)
Monday, June 29, 2009 06:52 PM IST (01:22 PM GMT)
Editors: General: Consumer interest, People; Business: Advertising, PR & marketing, Business services, Construction, Heavy industries, Real estate; Technology
--------------------------------------------------
Bandra-Worli Sea Link to be Inaugurated on June 30
Mumbai to get New Age Landmark; The Bridge will Open to Public from July 01, 2009; Indian Engineers Set New Standards in Precision Engineering; India's First Open-Sea and Longest Cable-Stay Bridge
Mumbai, Maharashtra, India, Monday, June 29, 2009 -- (Business Wire India) -- Smt. Sonia Gandhi, UPA Chairperson and Member of Parliament, will inaugurate the Bandra-Worli Sea Link on June 30, 2009. This was announced today by the Minister for PWD (Public Undertaking), Dr. (Smt.) Vimaltai Mundada, at a press conference jointly organised by Maharashtra State Road Development Corporation (MSRDC) and HCC (Hindustan Construction Company). India's first bridge to be constructed across the open sea, the Bandra-Worli Sea Link is also the country's longest cable-stayed bridge.
The Bandra-Worli Sea Link is yet another transport infrastructure offering from MSRDC to the city of Mumbai. Designed by M/S Dar Consultants, UK, and built by the leading engineering and construction company, HCC, the Sea Link will connect the Mahim intersection of the Western Express Highway and Swami Vivekananda Marg at the Bandra end to Khan Abdul Gaffar Khan Road at the Worli end. Motorists will now benefit from enhanced route options and easing of traffic congestion along the western corridor, especially at the Mahim, Dadar and Worli intersections.
Announcing the inauguration date, Minister Dr. (Smt.) Vimaltai Mundada said, "The Bandra-Worli Sea Link is the new landmark of Mumbai, a testimony to Government of Maharashtra's determination to build state-of-the-art infrastructure for Mumbai. I am proud to be associated with the development of this iconic structure."
Speaking on the occasion, Mr Satish Gavai, Vice-Chairman and Managing Director, MSRDC, said, "The inauguration of the Bandra-Worli Sea Link is a golden moment in the history of Mumbai. For all Mumbaikars, it is celebration time as Mumbai takes a dramatic step in improving the city's infrastructure. MSRDC is dedicated to create modern infrastructure to the city as we aim to make Mumbai the city of the future. We congratulate HCC and other project partners and commend each person involved in the project for bringing it to a successful conclusion."
Mr. Ajit Gulabchand, Chairman & Managing Director, HCC, said, "Construction of the Bandra-Worli Sea Link has been one of the most challenging infrastructure projects undertaken in recent times in India. We took on this project with the quest to set new benchmarks in precision engineering and prove India's infrastructure development capabilities. Reflecting on the hard work of our engineers and over 3000 workers who have raised this Sea Link in rough open sea conditions, I am proud to say we have truly built a monument to human skills, enterprise and determination."
The Bandra Worli Sea Link is a pre-cast segmental box girder continuous bridge with twin carriage-ways of four lanes each. Immediately, one carriage-way will be opened to traffic with two-lane traffic in both directions. The highlight of the Bandra-Worli Sea Link are the two aesthetically designed cable-stayed bridges ― viz., the Bandra and Worli Cable-Stayed Bridges of 500 and 150 metre spans, respectively ― with the highest towers soaring to a height of 126 metres, equivalent to the height of a 43-storied building.
Over 3,000 people worked towards the creation of this mammoth landmark. The team endured several challenges to put together the 2,353 pre-cast segments connected together in precise coordination with an accuracy of ±5 mm while fighting the rough sea conditions. Construction of the cable-stay bridge was another daunting task, wherein the gradual slant of the 126 metre high towers were built with an accuracy of ±1 mm for every three metres.
The Bandra-Worli Sea Link is equipped with state-of-the-art systems for traffic management and monitoring, emergency support and an automated toll system. A modern toll plaza with 16 lanes (with eight lanes operating initially) has been installed at the Bandra end. The toll plaza is designed as much to act as a control centre for traffic surveillance, as for monitoring the control systems for an intelligent bridge, which includes electronic tolling, counting and classifying variable traffic message signs as well as a remote weather information station. It also houses emergency telephones.
About Maharashtra State Road Development Corporation:
Maharashtra State Road Development Corporation (MSRDC) has the mandate to pursue infrastructural development in the state. The projects of Mumbai - Pune express way and Mumbai flyover implemented by MSRDC have received country wide acclaim. In addition to several projects successfully executed by MSRDC within Maharashtra in its existence for over a decade, the construction of Bandra Worli Sea Link is yet another milestone in MSRDC's continual efforts to deliver strategic infrastructure for the state and the country. (For more, please visit www.bandraworlisealink.org)
About HCC:
HCC is a leading engineering, construction and infrastructure development company with a rich heritage of experience. The company specializes in large-scale infrastructure development deploying new age construction technologies. The Company has managed and executed several technically complex and high value projects across segments like transportation, hydro & nuclear power generation, marine, irrigation & water supply projects as well as integrated urban development and management. (Please visit: www.hccindia.com)
CONTACT DETAILS
T. Raman, MSRDC, Bandra, +91 9815457333, traman@msrdc.org
Sandeep Sawant, HCC, +91 9833992874, sandeep.sawant@hccindia.com
Pratip Biswas, Comma Consulting, +91 9987022573, pbiswas@comma.in
Neha Agarwal Haria, Comma Consulting, +91 9833916643, nharia@comma.in
KEYWORDS
CONSUMER, PEOPLE, MARKETING, BUSINESS SERVICES, CONSTRUCTION, HEAVY INDUSTRIES, REAL ESTATE, TECHNOLOGY
If you wish to change your Business Wire India selection please click on this link http://www.businesswireindia.com/media/news.asp and use your personal username and password to login.
Submit your press release at http://www.businesswireindia.com
Source: Hindustan Construction Co. Ltd (HCC)
Monday, June 29, 2009 06:52 PM IST (01:22 PM GMT)
Editors: General: Consumer interest, People; Business: Advertising, PR & marketing, Business services, Construction, Heavy industries, Real estate; Technology
--------------------------------------------------
Bandra-Worli Sea Link to be Inaugurated on June 30
Mumbai to get New Age Landmark; The Bridge will Open to Public from July 01, 2009; Indian Engineers Set New Standards in Precision Engineering; India's First Open-Sea and Longest Cable-Stay Bridge
Mumbai, Maharashtra, India, Monday, June 29, 2009 -- (Business Wire India) -- Smt. Sonia Gandhi, UPA Chairperson and Member of Parliament, will inaugurate the Bandra-Worli Sea Link on June 30, 2009. This was announced today by the Minister for PWD (Public Undertaking), Dr. (Smt.) Vimaltai Mundada, at a press conference jointly organised by Maharashtra State Road Development Corporation (MSRDC) and HCC (Hindustan Construction Company). India's first bridge to be constructed across the open sea, the Bandra-Worli Sea Link is also the country's longest cable-stayed bridge.
The Bandra-Worli Sea Link is yet another transport infrastructure offering from MSRDC to the city of Mumbai. Designed by M/S Dar Consultants, UK, and built by the leading engineering and construction company, HCC, the Sea Link will connect the Mahim intersection of the Western Express Highway and Swami Vivekananda Marg at the Bandra end to Khan Abdul Gaffar Khan Road at the Worli end. Motorists will now benefit from enhanced route options and easing of traffic congestion along the western corridor, especially at the Mahim, Dadar and Worli intersections.
Announcing the inauguration date, Minister Dr. (Smt.) Vimaltai Mundada said, "The Bandra-Worli Sea Link is the new landmark of Mumbai, a testimony to Government of Maharashtra's determination to build state-of-the-art infrastructure for Mumbai. I am proud to be associated with the development of this iconic structure."
Speaking on the occasion, Mr Satish Gavai, Vice-Chairman and Managing Director, MSRDC, said, "The inauguration of the Bandra-Worli Sea Link is a golden moment in the history of Mumbai. For all Mumbaikars, it is celebration time as Mumbai takes a dramatic step in improving the city's infrastructure. MSRDC is dedicated to create modern infrastructure to the city as we aim to make Mumbai the city of the future. We congratulate HCC and other project partners and commend each person involved in the project for bringing it to a successful conclusion."
Mr. Ajit Gulabchand, Chairman & Managing Director, HCC, said, "Construction of the Bandra-Worli Sea Link has been one of the most challenging infrastructure projects undertaken in recent times in India. We took on this project with the quest to set new benchmarks in precision engineering and prove India's infrastructure development capabilities. Reflecting on the hard work of our engineers and over 3000 workers who have raised this Sea Link in rough open sea conditions, I am proud to say we have truly built a monument to human skills, enterprise and determination."
The Bandra Worli Sea Link is a pre-cast segmental box girder continuous bridge with twin carriage-ways of four lanes each. Immediately, one carriage-way will be opened to traffic with two-lane traffic in both directions. The highlight of the Bandra-Worli Sea Link are the two aesthetically designed cable-stayed bridges ― viz., the Bandra and Worli Cable-Stayed Bridges of 500 and 150 metre spans, respectively ― with the highest towers soaring to a height of 126 metres, equivalent to the height of a 43-storied building.
Over 3,000 people worked towards the creation of this mammoth landmark. The team endured several challenges to put together the 2,353 pre-cast segments connected together in precise coordination with an accuracy of ±5 mm while fighting the rough sea conditions. Construction of the cable-stay bridge was another daunting task, wherein the gradual slant of the 126 metre high towers were built with an accuracy of ±1 mm for every three metres.
The Bandra-Worli Sea Link is equipped with state-of-the-art systems for traffic management and monitoring, emergency support and an automated toll system. A modern toll plaza with 16 lanes (with eight lanes operating initially) has been installed at the Bandra end. The toll plaza is designed as much to act as a control centre for traffic surveillance, as for monitoring the control systems for an intelligent bridge, which includes electronic tolling, counting and classifying variable traffic message signs as well as a remote weather information station. It also houses emergency telephones.
About Maharashtra State Road Development Corporation:
Maharashtra State Road Development Corporation (MSRDC) has the mandate to pursue infrastructural development in the state. The projects of Mumbai - Pune express way and Mumbai flyover implemented by MSRDC have received country wide acclaim. In addition to several projects successfully executed by MSRDC within Maharashtra in its existence for over a decade, the construction of Bandra Worli Sea Link is yet another milestone in MSRDC's continual efforts to deliver strategic infrastructure for the state and the country. (For more, please visit www.bandraworlisealink.org)
About HCC:
HCC is a leading engineering, construction and infrastructure development company with a rich heritage of experience. The company specializes in large-scale infrastructure development deploying new age construction technologies. The Company has managed and executed several technically complex and high value projects across segments like transportation, hydro & nuclear power generation, marine, irrigation & water supply projects as well as integrated urban development and management. (Please visit: www.hccindia.com)
CONTACT DETAILS
T. Raman, MSRDC, Bandra, +91 9815457333, traman@msrdc.org
Sandeep Sawant, HCC, +91 9833992874, sandeep.sawant@hccindia.com
Pratip Biswas, Comma Consulting, +91 9987022573, pbiswas@comma.in
Neha Agarwal Haria, Comma Consulting, +91 9833916643, nharia@comma.in
KEYWORDS
CONSUMER, PEOPLE, MARKETING, BUSINESS SERVICES, CONSTRUCTION, HEAVY INDUSTRIES, REAL ESTATE, TECHNOLOGY
If you wish to change your Business Wire India selection please click on this link http://www.businesswireindia.com/media/news.asp and use your personal username and password to login.
Submit your press release at http://www.businesswireindia.com
BWI: GVK Biosciences Announces Agreement with University of Tokyo on GPCR Database
Press release from Business Wire India
Source: GVK Biosciences Private Limited
Monday, June 29, 2009 05:24 PM IST (11:54 AM GMT)
Editors: General: Consumer interest; Business: Advertising, PR & marketing, Business services, Education & training, Healthcare, biotechnology & pharmaceutical, Information technology; Technology; Healthcare
--------------------------------------------------
GVK Biosciences Announces Agreement with University of Tokyo on GPCR Database
Hyderabad, Andhra Pradesh, India, Monday, June 29, 2009 -- (Business Wire India) -- GVK Biosciences (GVK BIO) today announced that it has entered into an Agreement with Dr. Kimito Funatsu, University of Tokyo on its GPCR Databases. Dr. Kimito Funatsu, a world-renowned professor, teaches at University of Tokyo's prestigious Department of Chemical System Engineering.
The Agreement covers the GPCR class of targets curated at GVK BIO. Professor Kimito Funatsu will utilize the manually curated GPCR inhibitor database that contains over 1 million published and patented inhibitors and over 4 million quantitative structure-activity points, to develop advanced cheminformatics tools. Chemical Biological and Pharmacological Information of G protein-coupled receptors (GPCR) inhibitors from International Journals, US and International Patents have been curated to form this database which is available in various formats like in ISIS/Base DB, SD, XML and Oracle.
Prof. Kimito Funatsu heads the Funatsu Laboratory at University of Tokyo. He is also the Chairman of Chemical Information and Computer Sciences in The Chemical Society of Japan. The principal research theme of the Funatsu laboratory is Chemoinfomatics, which is the novel research area for solving various chemical problems by using technologies of information sciences.
GVK BIO is a leader in SAR, PK/Tox, Clinpharm and Biomarker databases manually curated from various journals, patents, clinical trials and literature. Apart from GPCR, GVK BIO has MedChem database and 9 other target inhibitor databases namely, Kinase, Protease, Ion-channel, NHR, Transporter, Phosphotase, Transferase, Lipase and Phosphodiesterases. MedChem Database has information from Medicinal Chemistry journals.
Sreeni Devidas, Vice President Business Development, GVK BIO commented: "We are honored to initiate this collaboration with Professor Kimito Funatsu. The efforts of the collaboration would result in the development of advanced cheminformatics tools that would utilize the vast amount of published and patented knowledge to further accelerate drug discovery".
About GVK BIO
GVK Biosciences Private Limited (GVK BIO) is Asia's leading Contract Research Organization and preferred partner of choice to 15 of the top 20 Big Pharma and 55 Biotech/Mid-pharma companies. Spread across multiple locations and headquartered at Hyderabad, India, GVK BIO employees 1500+ employees to assist our clients create new standards in healthcare.
CONTACT DETAILS
Sreeni Devidas, Vice President - Business Development, GVK Biosciences Private Limited, 001-443-838-6260, sreeni.devidas@gvkbio.com
Sharada Alvakonda, Dy General Manager, Corporate Communications, GVK Biosciences Private Limited, +91 (40) 66929999, sharada@gvkbio.com
KEYWORDS
CONSUMER, MARKETING, BUSINESS SERVICES, EDUCATION, HEALTHCARE, IT, TECHNOLOGY, HEALTHCARE
If you wish to change your Business Wire India selection please click on this link http://www.businesswireindia.com/media/news.asp and use your personal username and password to login.
Submit your press release at http://www.businesswireindia.com
Source: GVK Biosciences Private Limited
Monday, June 29, 2009 05:24 PM IST (11:54 AM GMT)
Editors: General: Consumer interest; Business: Advertising, PR & marketing, Business services, Education & training, Healthcare, biotechnology & pharmaceutical, Information technology; Technology; Healthcare
--------------------------------------------------
GVK Biosciences Announces Agreement with University of Tokyo on GPCR Database
Hyderabad, Andhra Pradesh, India, Monday, June 29, 2009 -- (Business Wire India) -- GVK Biosciences (GVK BIO) today announced that it has entered into an Agreement with Dr. Kimito Funatsu, University of Tokyo on its GPCR Databases. Dr. Kimito Funatsu, a world-renowned professor, teaches at University of Tokyo's prestigious Department of Chemical System Engineering.
The Agreement covers the GPCR class of targets curated at GVK BIO. Professor Kimito Funatsu will utilize the manually curated GPCR inhibitor database that contains over 1 million published and patented inhibitors and over 4 million quantitative structure-activity points, to develop advanced cheminformatics tools. Chemical Biological and Pharmacological Information of G protein-coupled receptors (GPCR) inhibitors from International Journals, US and International Patents have been curated to form this database which is available in various formats like in ISIS/Base DB, SD, XML and Oracle.
Prof. Kimito Funatsu heads the Funatsu Laboratory at University of Tokyo. He is also the Chairman of Chemical Information and Computer Sciences in The Chemical Society of Japan. The principal research theme of the Funatsu laboratory is Chemoinfomatics, which is the novel research area for solving various chemical problems by using technologies of information sciences.
GVK BIO is a leader in SAR, PK/Tox, Clinpharm and Biomarker databases manually curated from various journals, patents, clinical trials and literature. Apart from GPCR, GVK BIO has MedChem database and 9 other target inhibitor databases namely, Kinase, Protease, Ion-channel, NHR, Transporter, Phosphotase, Transferase, Lipase and Phosphodiesterases. MedChem Database has information from Medicinal Chemistry journals.
Sreeni Devidas, Vice President Business Development, GVK BIO commented: "We are honored to initiate this collaboration with Professor Kimito Funatsu. The efforts of the collaboration would result in the development of advanced cheminformatics tools that would utilize the vast amount of published and patented knowledge to further accelerate drug discovery".
About GVK BIO
GVK Biosciences Private Limited (GVK BIO) is Asia's leading Contract Research Organization and preferred partner of choice to 15 of the top 20 Big Pharma and 55 Biotech/Mid-pharma companies. Spread across multiple locations and headquartered at Hyderabad, India, GVK BIO employees 1500+ employees to assist our clients create new standards in healthcare.
CONTACT DETAILS
Sreeni Devidas, Vice President - Business Development, GVK Biosciences Private Limited, 001-443-838-6260, sreeni.devidas@gvkbio.com
Sharada Alvakonda, Dy General Manager, Corporate Communications, GVK Biosciences Private Limited, +91 (40) 66929999, sharada@gvkbio.com
KEYWORDS
CONSUMER, MARKETING, BUSINESS SERVICES, EDUCATION, HEALTHCARE, IT, TECHNOLOGY, HEALTHCARE
If you wish to change your Business Wire India selection please click on this link http://www.businesswireindia.com/media/news.asp and use your personal username and password to login.
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BWI: Transmission and Distribution: AREVA Awarded an Order from Hindalco for Conversion Substations
Press release from Business Wire India
Source: Areva T&D India
Monday, June 29, 2009 04:35 PM IST (11:05 AM GMT)
Editors: General: Consumer interest; Business: Accounting & management consultancy services, Business services, Energy companies, Heavy industries
--------------------------------------------------
Transmission and Distribution: AREVA Awarded an Order from Hindalco for Conversion Substations
Noida, Uttar Pradesh, India, Monday, June 29, 2009 -- (Business Wire India) -- AREVA's Transmission and Distribution (T&D) division has won a prestigious order for 2x220 kV Conversion Substations from Hindalco Industries Limited, India's major Aluminum Producer. This order involves design, supply, installation and commissioning of 5x100kA, 1650V DC rectifier stations, at each location of Bargwan (Singrauli-Madhya Pradesh) and Lapanga (Sambalpur-Orissa). Both Substations will be delivered to Hindalco by 2011.
AC-DC Conversion Substations are used for electrolysis plants producing non-ferrous metals (aluminium, zinc, copper, etc)
AREVA T&D has been the pioneer in providing Conversion substation solutions in the country for the Aluminium industry since early 1980s. With this new Conversion Substations order from Hindalco, AREVA T&D has consolidated its leading position in the electrolysis segment in India and is looking for the future growth of the electrolysis industry in the country.
"AREVA T&D has globally proven expertise and a leading position in high current rectifiers. HINDALCO is the largest potline project in India today and we are proud to bring in our state of the art technology for these two projects and play an important role in its success," commented Michel Augonnet, Executive Vice President for AREVA's Transmission and Distribution Systems Business Unit.
More about
All over the world, AREVA provides its customers with solutions for carbon-free power generation and electricity transmission. With its knowledge and expertise in these fields, the group has a leading role to play in meeting the world's energy needs.
Ranked first in the global nuclear power industry, AREVA's unique integrated offering covers every stage of the fuel cycle, reactor design and construction, and related services.
In addition, the group is developing a portfolio of operations in renewable energies. AREVA is also a world leader in electricity transmission and distribution and offers its customers a complete range of solutions for greater grid stability and energy efficiency.
Sustainable development is a core component of the group's industrial strategy. Its 75,000 employees work every day to make AREVA a responsible industrial player that is helping to supply ever cleaner, safer and more economical energy to the greatest number of people.
AREVA's T&D division is an active player around the globe. It designs, manufactures and supplies a complete range of equipment, systems and services for all stages in the transfer of electricity, from the generator to the large end-user. www.areva-td.com
AREVA T&D currently employs over 4,600 people in India. AREVA T&D India Ltd. currently has 14 manufacturing units and 22 sales offices. The company has been a trend-setter in the field of High-Voltage Switchgear; first to build the 765 kV substation in India with NTPC at SIPAT, Chhattisgarh. Around 70% of load flow in India is managed by AREVA T&D's Automation Solutions Division. The company has to its credit a complete range of T&D Products, Systems, Services and Automation solutions.
CONTACT DETAILS
Marie Emery-Leleu, AREVA T&D Press Office, +33 1 34 96 31 82
Anais de Bourayne, AREVA T&D Press Office, +33 1 34 96 31 81
Vandana Dhir, Areva T&D, +91 9717791521, vandana.dhir@areva-td.com
KEYWORDS
CONSUMER, CONSULTANCY SERVICES, BUSINESS SERVICES, ENERGY, HEAVY INDUSTRIES
If you wish to change your Business Wire India selection please click on this link http://www.businesswireindia.com/media/news.asp and use your personal username and password to login.
Submit your press release at http://www.businesswireindia.com
Source: Areva T&D India
Monday, June 29, 2009 04:35 PM IST (11:05 AM GMT)
Editors: General: Consumer interest; Business: Accounting & management consultancy services, Business services, Energy companies, Heavy industries
--------------------------------------------------
Transmission and Distribution: AREVA Awarded an Order from Hindalco for Conversion Substations
Noida, Uttar Pradesh, India, Monday, June 29, 2009 -- (Business Wire India) -- AREVA's Transmission and Distribution (T&D) division has won a prestigious order for 2x220 kV Conversion Substations from Hindalco Industries Limited, India's major Aluminum Producer. This order involves design, supply, installation and commissioning of 5x100kA, 1650V DC rectifier stations, at each location of Bargwan (Singrauli-Madhya Pradesh) and Lapanga (Sambalpur-Orissa). Both Substations will be delivered to Hindalco by 2011.
AC-DC Conversion Substations are used for electrolysis plants producing non-ferrous metals (aluminium, zinc, copper, etc)
AREVA T&D has been the pioneer in providing Conversion substation solutions in the country for the Aluminium industry since early 1980s. With this new Conversion Substations order from Hindalco, AREVA T&D has consolidated its leading position in the electrolysis segment in India and is looking for the future growth of the electrolysis industry in the country.
"AREVA T&D has globally proven expertise and a leading position in high current rectifiers. HINDALCO is the largest potline project in India today and we are proud to bring in our state of the art technology for these two projects and play an important role in its success," commented Michel Augonnet, Executive Vice President for AREVA's Transmission and Distribution Systems Business Unit.
More about
All over the world, AREVA provides its customers with solutions for carbon-free power generation and electricity transmission. With its knowledge and expertise in these fields, the group has a leading role to play in meeting the world's energy needs.
Ranked first in the global nuclear power industry, AREVA's unique integrated offering covers every stage of the fuel cycle, reactor design and construction, and related services.
In addition, the group is developing a portfolio of operations in renewable energies. AREVA is also a world leader in electricity transmission and distribution and offers its customers a complete range of solutions for greater grid stability and energy efficiency.
Sustainable development is a core component of the group's industrial strategy. Its 75,000 employees work every day to make AREVA a responsible industrial player that is helping to supply ever cleaner, safer and more economical energy to the greatest number of people.
AREVA's T&D division is an active player around the globe. It designs, manufactures and supplies a complete range of equipment, systems and services for all stages in the transfer of electricity, from the generator to the large end-user. www.areva-td.com
AREVA T&D currently employs over 4,600 people in India. AREVA T&D India Ltd. currently has 14 manufacturing units and 22 sales offices. The company has been a trend-setter in the field of High-Voltage Switchgear; first to build the 765 kV substation in India with NTPC at SIPAT, Chhattisgarh. Around 70% of load flow in India is managed by AREVA T&D's Automation Solutions Division. The company has to its credit a complete range of T&D Products, Systems, Services and Automation solutions.
CONTACT DETAILS
Marie Emery-Leleu, AREVA T&D Press Office, +33 1 34 96 31 82
Anais de Bourayne, AREVA T&D Press Office, +33 1 34 96 31 81
Vandana Dhir, Areva T&D, +91 9717791521, vandana.dhir@areva-td.com
KEYWORDS
CONSUMER, CONSULTANCY SERVICES, BUSINESS SERVICES, ENERGY, HEAVY INDUSTRIES
If you wish to change your Business Wire India selection please click on this link http://www.businesswireindia.com/media/news.asp and use your personal username and password to login.
Submit your press release at http://www.businesswireindia.com
BWI: InfoPrint Boosts Solutions Developer Program with Support for InfoPrint ProcessDirector (IPPD) Partners
Press release from Business Wire India
Source: InfoPrint Solutions
Monday, June 29, 2009 04:08 PM IST (10:38 AM GMT)
Editors: General: Consumer interest; Business: Business services, Education & training, Information technology; Technology
--------------------------------------------------
InfoPrint Boosts Solutions Developer Program with Support for InfoPrint ProcessDirector (IPPD) Partners
Bangalore, Karnataka, India, Monday, June 29, 2009 -- (Business Wire India) -- InfoPrint Solutions Company, a joint venture between IBM and Ricoh, today announced a major enhancement to its developer support program, aimed at enabling partners to test and integrate new components into InfoPrint ProcessDirector (IPPD), the flagship output management workflow system.
This developer program extension creates a systematic and programmatic way for independent software vendors (ISVs) who want to expand IPPD functionality to interact with the InfoPrint technical team and InfoPrint development support resources. Larger ISVs can extend their packaged offering by being able to market with print workflow software, while smaller ISV partners gain additional reach by selling their components as part of IPPD bids.
The program includes several elements such as an integration guide, written samples, case studies and technical tutorials for partners. Users gain access to an external development system, or a loan of the required software for testing purposes. Placing a focus on ongoing learning, InfoPrint also offers an education series and technical support to all participating partners.
This also builds on the services offered via the InfoPrint Solutions Developer Program, such as InfoPrint's Virtual Print Facility (VPF). This innovative function provides partner developers with remote access to InfoPrint's high-speed production machines, enabling real-time testing of generated print data streams.
"Enabling our partners to test and integrate their offerings with our core workflow products means that we go to market with the best solutions possible, that will meet current business demand and ensure customers remain competitive," said Enrico Parodi, Vice President WW Software & Services. "'Through working to support our established partnerships, we continue to bring our customers the most innovative products and services."
InfoPrint ProcessDirector is a cost-effective software solution scalable to enable flexible control of print and mail production processes, meaning that service bureaus and in-house operations can streamline operations, improve job-level process integrity, enhance customer service, all while reducing errors, and lowering costs.
It utilizes a database-driven process engine with an extensible backbone for process management, along with automated print management with job-level workflow control functions and add-on modules include indexing and manipulation of bar codes for document reprint operations.
About InfoPrint Solutions Company
InfoPrint Solutions Company, headquartered in Boulder, Colorado, is a joint venture between IBM and Ricoh built on IBM's nearly 50 years in the production print space and Ricoh's excellence in technology innovation. Together, the two companies are bringing to market a portfolio that includes solutions for production printing for enterprises and commercial printers, as well as office workgroup environments and industrial segments.
Operating in 36 countries worldwide, InfoPrint holds more than 200 technology patents in the printing and output related industry including the invention of the Advanced Function Presentation (AFP) Architecture, which is a de-facto industry standard for production printing environments. In 2010, InfoPrint will become a fully owned subsidiary of The Ricoh Company, joining an extensive portfolio of innovative technology brands in the Ricoh family. Ricoh Company Ltd. is 72-year-old leading supplier of office automation equipment and electronics, with fiscal year 2007 sales in excess of $22 billion, a 7.3 percent increase over the previous year.
Visit www.infoprint.com for more information.
CONTACT DETAILS
Celia Chua, Priority Consultants, 65 6338 1006, celia.chua@priorityconsultants.com
KEYWORDS
CONSUMER, BUSINESS SERVICES, EDUCATION, IT, TECHNOLOGY
If you wish to change your Business Wire India selection please click on this link http://www.businesswireindia.com/media/news.asp and use your personal username and password to login.
Submit your press release at http://www.businesswireindia.com
Source: InfoPrint Solutions
Monday, June 29, 2009 04:08 PM IST (10:38 AM GMT)
Editors: General: Consumer interest; Business: Business services, Education & training, Information technology; Technology
--------------------------------------------------
InfoPrint Boosts Solutions Developer Program with Support for InfoPrint ProcessDirector (IPPD) Partners
Bangalore, Karnataka, India, Monday, June 29, 2009 -- (Business Wire India) -- InfoPrint Solutions Company, a joint venture between IBM and Ricoh, today announced a major enhancement to its developer support program, aimed at enabling partners to test and integrate new components into InfoPrint ProcessDirector (IPPD), the flagship output management workflow system.
This developer program extension creates a systematic and programmatic way for independent software vendors (ISVs) who want to expand IPPD functionality to interact with the InfoPrint technical team and InfoPrint development support resources. Larger ISVs can extend their packaged offering by being able to market with print workflow software, while smaller ISV partners gain additional reach by selling their components as part of IPPD bids.
The program includes several elements such as an integration guide, written samples, case studies and technical tutorials for partners. Users gain access to an external development system, or a loan of the required software for testing purposes. Placing a focus on ongoing learning, InfoPrint also offers an education series and technical support to all participating partners.
This also builds on the services offered via the InfoPrint Solutions Developer Program, such as InfoPrint's Virtual Print Facility (VPF). This innovative function provides partner developers with remote access to InfoPrint's high-speed production machines, enabling real-time testing of generated print data streams.
"Enabling our partners to test and integrate their offerings with our core workflow products means that we go to market with the best solutions possible, that will meet current business demand and ensure customers remain competitive," said Enrico Parodi, Vice President WW Software & Services. "'Through working to support our established partnerships, we continue to bring our customers the most innovative products and services."
InfoPrint ProcessDirector is a cost-effective software solution scalable to enable flexible control of print and mail production processes, meaning that service bureaus and in-house operations can streamline operations, improve job-level process integrity, enhance customer service, all while reducing errors, and lowering costs.
It utilizes a database-driven process engine with an extensible backbone for process management, along with automated print management with job-level workflow control functions and add-on modules include indexing and manipulation of bar codes for document reprint operations.
About InfoPrint Solutions Company
InfoPrint Solutions Company, headquartered in Boulder, Colorado, is a joint venture between IBM and Ricoh built on IBM's nearly 50 years in the production print space and Ricoh's excellence in technology innovation. Together, the two companies are bringing to market a portfolio that includes solutions for production printing for enterprises and commercial printers, as well as office workgroup environments and industrial segments.
Operating in 36 countries worldwide, InfoPrint holds more than 200 technology patents in the printing and output related industry including the invention of the Advanced Function Presentation (AFP) Architecture, which is a de-facto industry standard for production printing environments. In 2010, InfoPrint will become a fully owned subsidiary of The Ricoh Company, joining an extensive portfolio of innovative technology brands in the Ricoh family. Ricoh Company Ltd. is 72-year-old leading supplier of office automation equipment and electronics, with fiscal year 2007 sales in excess of $22 billion, a 7.3 percent increase over the previous year.
Visit www.infoprint.com for more information.
CONTACT DETAILS
Celia Chua, Priority Consultants, 65 6338 1006, celia.chua@priorityconsultants.com
KEYWORDS
CONSUMER, BUSINESS SERVICES, EDUCATION, IT, TECHNOLOGY
If you wish to change your Business Wire India selection please click on this link http://www.businesswireindia.com/media/news.asp and use your personal username and password to login.
Submit your press release at http://www.businesswireindia.com
BWI: Biocon Announces Strategic Collaboration with Mylan to Enter the Global Generic Biologics Market
Press release from Business Wire India
Source: Biocon Limited
Monday, June 29, 2009 02:04 PM IST (08:34 AM GMT)
Editors: General: Consumer interest; Business: Advertising, PR & marketing, Business services, Healthcare, biotechnology & pharmaceutical; Healthcare
--------------------------------------------------
Biocon Announces Strategic Collaboration with Mylan to Enter the Global Generic Biologics Market
Bangalore, Karnataka, India, Monday, June 29, 2009 -- (Business Wire India) -- Biocon Limited today announced that it has executed a definitive agreement with Mylan Inc. (Nasdaq: MYL) for an exclusive collaboration on the development, manufacturing, supply and commercialization of multiple, high value generic biologic compounds for the global marketplace. Through this partnership, Mylan and Biocon bring together highly complementary capabilities that will significantly advance their efforts to secure a leading position in the emerging generic biologics industry.
The generics segment in the pharmaceutical industry, which is currently based almost entirely on chemically synthesized drugs, is poised for a changing paradigm. The pressure to lower health care costs is galvanizing governmental efforts globally to facilitate the entry of generic bio-tech or protein derived drugs. An estimated $25 billion worth of biologics will have lost patent protection by 2016, creating a significant market opportunity for protein therapeutics like insulin and its analogs, erythropoietin, human growth hormone, monoclonal antibodies and many others. The complexity and costs involved in developing generic biologics are expected to see only a few players being able to gain entry into the highly regulated markets of Europe and USA. Bio-generics in the emerging markets are expected to grow from the current estimate of $1.5 billion at a projected rate of over 20% per annum over the next 5 years. Biocon is well positioned to capitalize on these opportunities through its early investments in research, development and manufacturing of high quality protein therapeutics, including both novel biologics and bio-generics. Combining this with Mylan's regulatory and commercialization capabilities in US and Europe creates a cost effective model to address a large, emerging opportunity for generic biologics recently supported by the Obama administration.
Biocon Chairman and Managing Director, Kiran Mazumdar-Shaw commented: "Biocon is extremely pleased to have found a partner as strong as Mylan to accelerate our work in generic biologics and take it to the next level around the world, especially in regulated markets. I am confident that our shared vision for the sector, complementary skills, mutual respect and work ethic will make this collaboration a remarkable success while bringing additional value to Biocon and its shareholders. Monoclonal antibodies are emerging as the most dominant class in biologics. Through this partnership we hope to deliver high quality, affordable bio-generic antibodies and biologics, thereby addressing a critical need to lower spiraling healthcare costs in both the developed and emerging economies."
Mylan's Chairman and CEO, Robert J. Coury commented: "I am extremely excited to be able to announce what I consider to be one of the more comprehensive and high quality biologics initiatives reported within the industry to date. This unique collaboration combines Biocon's scientific expertise; excellent product development track record; appreciation of complex regulatory requirements; and state-of-the-art, cost-efficient and scalable biologics manufacturing with Mylan's one-of-a-kind global commercial footprint and our regulatory expertise around the world. Biocon also has a unique corporate culture that is very similar to Mylan's. All of these attributes will provide a critical synergy and create a strong and effective long-term partnership. Generic biologics, especially monoclonal antibodies, are expected to become the next great bolus of growth in the generic pharmaceutical industry, and through this alliance, Mylan and Biocon have covered all four corners of what any organization would want or need to have secured to offer a highly competitive and distinct generic biologics product portfolio with tremendous growth potential for the coming decade."
As part of this collaboration, Mylan and Biocon will share development, capital and certain other costs to bring products to market. Mylan will have exclusive commercialization rights in the U.S., Canada, Japan, Australia, New Zealand and in the European Union and European Free Trade Association countries through a profit sharing arrangement with Biocon. Mylan will have co-exclusive commercialization rights with Biocon in all other markets around the world. All other financial terms and product details remain confidential.
About Mylan Inc:
Mylan Inc., which provides products to customers in more than 140 countries and territories, ranks among the leading diversified generics and specialty pharmaceutical companies in the world. The company maintains one of the industry's broadest - and highest quality - product portfolios, supported by a robust product pipeline; owns a controlling interest in the world's third largest active pharmaceutical ingredient manufacturer; and operates a specialty business focused on respiratory and allergy therapies.
For more information, visit www.mylan.com
About Biocon Limited
Established in 1978, Biocon Limited is one of India's premier biotechnology companies. Together with its group companies, Biocon forms a fully integrated biotechnology enterprise, specializing in biopharmaceuticals, custom research and clinical research which deliver products and solutions to partners and customers across the globe. Biocon launched the world's first recombinant human insulin, INSUGEN in November 2004 using Pichia expression and India's first indigenously produced monoclonal antibody BIOMAb-EGFRTM.
A leading US trade publication, Med Ad News, in its 2007/08 listings has ranked Biocon 20th amongst the leading biotechnology companies in the world and the 7th largest Biotech employer in the world. Biocon recently received the 2009 BioSingapore Asia Pacific Biotechnology Award for Best Listed Company.
Focusing on unmet medical needs in cancer, diabetes and inflammatory diseases, Biocon offers novel therapies on a platform of affordable innovation. Biocon's strategic licensing partnerships provide market penetration and global access to deliver breakthrough therapeutics to millions of patients the world over.
For more information, www.biocon.com
This press release includes statements that constitute "forward-looking statements," including with regard to the collaboration and commercialization of the products, the company's future opportunities and the transaction's impact on future earnings. These statements are made pursuant to the safe harbor provisions contained in relevant regulations. Because such statements inherently involve risks and uncertainties, actual future results may differ materially from those expressed or implied by such forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to: the content and timing of decisions by regulatory authorities related to the development and commercialization of the products; difficulties or delays in manufacturing; demand for and market acceptance for the products; the impact of competitive products and pricing; and the other risks. The company undertakes no obligation to update these statements for revisions or changes after the date of this release.
CONTACT DETAILS
Paula Sengupta, Biocon Limited, +91 (80) 28082808, paula.sengupta@biocon.com
Sonia Sharma, Brodeur India, +91 (80) 4042 9047, ssharma@brodeurindia.com
KEYWORDS
CONSUMER, MARKETING, BUSINESS SERVICES, HEALTHCARE, HEALTHCARE, BIOCON.NS
If you wish to change your Business Wire India selection please click on this link http://www.businesswireindia.com/media/news.asp and use your personal username and password to login.
Submit your press release at http://www.businesswireindia.com
Source: Biocon Limited
Monday, June 29, 2009 02:04 PM IST (08:34 AM GMT)
Editors: General: Consumer interest; Business: Advertising, PR & marketing, Business services, Healthcare, biotechnology & pharmaceutical; Healthcare
--------------------------------------------------
Biocon Announces Strategic Collaboration with Mylan to Enter the Global Generic Biologics Market
Bangalore, Karnataka, India, Monday, June 29, 2009 -- (Business Wire India) -- Biocon Limited today announced that it has executed a definitive agreement with Mylan Inc. (Nasdaq: MYL) for an exclusive collaboration on the development, manufacturing, supply and commercialization of multiple, high value generic biologic compounds for the global marketplace. Through this partnership, Mylan and Biocon bring together highly complementary capabilities that will significantly advance their efforts to secure a leading position in the emerging generic biologics industry.
The generics segment in the pharmaceutical industry, which is currently based almost entirely on chemically synthesized drugs, is poised for a changing paradigm. The pressure to lower health care costs is galvanizing governmental efforts globally to facilitate the entry of generic bio-tech or protein derived drugs. An estimated $25 billion worth of biologics will have lost patent protection by 2016, creating a significant market opportunity for protein therapeutics like insulin and its analogs, erythropoietin, human growth hormone, monoclonal antibodies and many others. The complexity and costs involved in developing generic biologics are expected to see only a few players being able to gain entry into the highly regulated markets of Europe and USA. Bio-generics in the emerging markets are expected to grow from the current estimate of $1.5 billion at a projected rate of over 20% per annum over the next 5 years. Biocon is well positioned to capitalize on these opportunities through its early investments in research, development and manufacturing of high quality protein therapeutics, including both novel biologics and bio-generics. Combining this with Mylan's regulatory and commercialization capabilities in US and Europe creates a cost effective model to address a large, emerging opportunity for generic biologics recently supported by the Obama administration.
Biocon Chairman and Managing Director, Kiran Mazumdar-Shaw commented: "Biocon is extremely pleased to have found a partner as strong as Mylan to accelerate our work in generic biologics and take it to the next level around the world, especially in regulated markets. I am confident that our shared vision for the sector, complementary skills, mutual respect and work ethic will make this collaboration a remarkable success while bringing additional value to Biocon and its shareholders. Monoclonal antibodies are emerging as the most dominant class in biologics. Through this partnership we hope to deliver high quality, affordable bio-generic antibodies and biologics, thereby addressing a critical need to lower spiraling healthcare costs in both the developed and emerging economies."
Mylan's Chairman and CEO, Robert J. Coury commented: "I am extremely excited to be able to announce what I consider to be one of the more comprehensive and high quality biologics initiatives reported within the industry to date. This unique collaboration combines Biocon's scientific expertise; excellent product development track record; appreciation of complex regulatory requirements; and state-of-the-art, cost-efficient and scalable biologics manufacturing with Mylan's one-of-a-kind global commercial footprint and our regulatory expertise around the world. Biocon also has a unique corporate culture that is very similar to Mylan's. All of these attributes will provide a critical synergy and create a strong and effective long-term partnership. Generic biologics, especially monoclonal antibodies, are expected to become the next great bolus of growth in the generic pharmaceutical industry, and through this alliance, Mylan and Biocon have covered all four corners of what any organization would want or need to have secured to offer a highly competitive and distinct generic biologics product portfolio with tremendous growth potential for the coming decade."
As part of this collaboration, Mylan and Biocon will share development, capital and certain other costs to bring products to market. Mylan will have exclusive commercialization rights in the U.S., Canada, Japan, Australia, New Zealand and in the European Union and European Free Trade Association countries through a profit sharing arrangement with Biocon. Mylan will have co-exclusive commercialization rights with Biocon in all other markets around the world. All other financial terms and product details remain confidential.
About Mylan Inc:
Mylan Inc., which provides products to customers in more than 140 countries and territories, ranks among the leading diversified generics and specialty pharmaceutical companies in the world. The company maintains one of the industry's broadest - and highest quality - product portfolios, supported by a robust product pipeline; owns a controlling interest in the world's third largest active pharmaceutical ingredient manufacturer; and operates a specialty business focused on respiratory and allergy therapies.
For more information, visit www.mylan.com
About Biocon Limited
Established in 1978, Biocon Limited is one of India's premier biotechnology companies. Together with its group companies, Biocon forms a fully integrated biotechnology enterprise, specializing in biopharmaceuticals, custom research and clinical research which deliver products and solutions to partners and customers across the globe. Biocon launched the world's first recombinant human insulin, INSUGEN in November 2004 using Pichia expression and India's first indigenously produced monoclonal antibody BIOMAb-EGFRTM.
A leading US trade publication, Med Ad News, in its 2007/08 listings has ranked Biocon 20th amongst the leading biotechnology companies in the world and the 7th largest Biotech employer in the world. Biocon recently received the 2009 BioSingapore Asia Pacific Biotechnology Award for Best Listed Company.
Focusing on unmet medical needs in cancer, diabetes and inflammatory diseases, Biocon offers novel therapies on a platform of affordable innovation. Biocon's strategic licensing partnerships provide market penetration and global access to deliver breakthrough therapeutics to millions of patients the world over.
For more information, www.biocon.com
This press release includes statements that constitute "forward-looking statements," including with regard to the collaboration and commercialization of the products, the company's future opportunities and the transaction's impact on future earnings. These statements are made pursuant to the safe harbor provisions contained in relevant regulations. Because such statements inherently involve risks and uncertainties, actual future results may differ materially from those expressed or implied by such forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to: the content and timing of decisions by regulatory authorities related to the development and commercialization of the products; difficulties or delays in manufacturing; demand for and market acceptance for the products; the impact of competitive products and pricing; and the other risks. The company undertakes no obligation to update these statements for revisions or changes after the date of this release.
CONTACT DETAILS
Paula Sengupta, Biocon Limited, +91 (80) 28082808, paula.sengupta@biocon.com
Sonia Sharma, Brodeur India, +91 (80) 4042 9047, ssharma@brodeurindia.com
KEYWORDS
CONSUMER, MARKETING, BUSINESS SERVICES, HEALTHCARE, HEALTHCARE, BIOCON.NS
If you wish to change your Business Wire India selection please click on this link http://www.businesswireindia.com/media/news.asp and use your personal username and password to login.
Submit your press release at http://www.businesswireindia.com
BWI: Clutch Group Recognized as Leader in Legal Process Outsourcing (LPO) for a Second Year in a Row in 2009 Black Book of Outsourcing
Press release from Business Wire India
Source: Business Wire
Monday, June 29, 2009 02:09 PM IST (08:39 AM GMT)
Editors: General: Consumer interest; Business: Accounting & management consultancy services, Business services, Law firms; Technology
--------------------------------------------------
(BW)(DC-CLUTCH-GROUP)Clutch Group Recognized as Leader in Legal Process Outsourcing (LPO) for a Second Year in a Row in 2009 Black Book of Outsourcing
The #1 Legal Support Services Outsourcing Company Ranks among the 50 Best Managed Global Outsourcing Vendors
Bangalore, Karnataka, India, Monday, June 29, 2009 -- (Business Wire India) --
CONTACT DETAILS
CONTACTS :
Clutch Group
Varun Mehtam, 585-755-6946
varun.mehta@clutchgroup.com
http://www.clutchgroup.com
KEYWORDS
CONSUMER, CONSULTANCY SERVICES, BUSINESS SERVICES, LAW FIRMS, TECHNOLOGY
If you wish to change your Business Wire India selection please click on this link http://www.businesswireindia.com/media/news.asp and use your personal username and password to login.
http://www.businesswire.com
Submit your press release at http://www.businesswireindia.com
Source: Business Wire
Monday, June 29, 2009 02:09 PM IST (08:39 AM GMT)
Editors: General: Consumer interest; Business: Accounting & management consultancy services, Business services, Law firms; Technology
--------------------------------------------------
(BW)(DC-CLUTCH-GROUP)Clutch Group Recognized as Leader in Legal Process Outsourcing (LPO) for a Second Year in a Row in 2009 Black Book of Outsourcing
The #1 Legal Support Services Outsourcing Company Ranks among the 50 Best Managed Global Outsourcing Vendors
Bangalore, Karnataka, India, Monday, June 29, 2009 -- (Business Wire India) --
Clutch Group, a global provider of legal solutions, was ranked as the #1 Legal Process Outsourcing (LPO) company for the second year in a row in the 2009 Black Book of Outsourcing's Top Vendors survey, conducted by the outsourcing research consultant firm Brown-Wilson Group.
Clutch Group was also ranked ahead of all other LPO companies in the 2009 Black Book of Outsourcing's list of the 50 Best Managed Global Outsourcing Vendors. The company was ranked 30th on the prestigious list, which includes Oracle, Accenture, IBM Global and Hewlett Packard EDS.
"We are thrilled to be recognized as the Top LPO for the second year in a row," said Clutch Group CEO Abhi Shah. "Corporate legal departments and law firms are under tremendous pressure to cut costs in the current economic environment, and I am grateful to our clients for this recognition for helping them achieve their goals without sacrificing quality."
The Black Book of Outsourcing is widely recognized as the most comprehensive and objective survey of global outsourcing services. For the 2009 Black Book of Outsourcing, nearly 24,000 surveys were analyzed to rank 4,839 outsourcing vendors in various industries. Due to the growth of the study's database of outsourcing vendors, a Top 50 ranking now places a firm in the top 1% of all vendors.
"Not only does this award recognize Clutch Group as the leader in the legal process outsourcing industry, it recognizes them as one of the best managed companies in a category with Oracle, Accenture, IBM and EDS," said former Citibank General Counsel Michael Ross. "That's a great feat."
The rankings are entirely based upon the results of surveys completed by the competing vendors' clients. Survey questions cover C-level commitment, human capital performance, corporate direction and leadership impact, as well as questions on accountability, trust and transparency that are all new for the 2009 surveys.
"This year's expanded survey questionnaire offers even greater insights into the performance of leading LPOs, making it even more impressive for Clutch Group to retain the top spot," said Scott Wilson, Partner of Brown-Wilson Group.
About Clutch Group
Clutch Group is a global provider of legal solutions, with expertise in cost-effective litigation document review, compliance, contract management, and legal research services, to Fortune 500 clients and leading global law firms. Clutch Group ranks as the #1 Legal Process Outsourcing (LPO) firm worldwide in the 2008 and 2009 Black Book of Outsourcing Reports and is listed as the top legal outsourcing company by Dun & Bradstreet. Clutch Group's workforce comprises more than 300 attorneys and paralegals across the United States and India.
CONTACT DETAILS
CONTACTS :
Clutch Group
Varun Mehtam, 585-755-6946
varun.mehta@clutchgroup.com
http://www.clutchgroup.com
KEYWORDS
CONSUMER, CONSULTANCY SERVICES, BUSINESS SERVICES, LAW FIRMS, TECHNOLOGY
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BWI: Biocon Announces Strategic Collaboration with Mylan to Enter the Global Generic Biologics Market
Press release from Business Wire India
Source: Biocon Limited
Monday, June 29, 2009 02:04 PM IST (08:34 AM GMT)
Editors: General: Consumer interest; Business: Advertising, PR & marketing, Business services, Healthcare, biotechnology & pharmaceutical; Healthcare
--------------------------------------------------
Biocon Announces Strategic Collaboration with Mylan to Enter the Global Generic Biologics Market
Bangalore, Karnataka, India, Monday, June 29, 2009 -- (Business Wire India) -- Biocon Limited today announced that it has executed a definitive agreement with Mylan Inc. (Nasdaq: MYL) for an exclusive collaboration on the development, manufacturing, supply and commercialization of multiple, high value generic biologic compounds for the global marketplace. Through this partnership, Mylan and Biocon bring together highly complementary capabilities that will significantly advance their efforts to secure a leading position in the emerging generic biologics industry.
The generics segment in the pharmaceutical industry, which is currently based almost entirely on chemically synthesized drugs, is poised for a changing paradigm. The pressure to lower health care costs is galvanizing governmental efforts globally to facilitate the entry of generic bio-tech or protein derived drugs. An estimated $25 billion worth of biologics will have lost patent protection by 2016, creating a significant market opportunity for protein therapeutics like insulin and its analogs, erythropoietin, human growth hormone, monoclonal antibodies and many others. The complexity and costs involved in developing generic biologics are expected to see only a few players being able to gain entry into the highly regulated markets of Europe and USA. Bio-generics in the emerging markets are expected to grow from the current estimate of $1.5 billion at a projected rate of over 20% per annum over the next 5 years. Biocon is well positioned to capitalize on these opportunities through its early investments in research, development and manufacturing of high quality protein therapeutics, including both novel biologics and bio-generics. Combining this with Mylan's regulatory and commercialization capabilities in US and Europe creates a cost effective model to address a large, emerging opportunity for generic biologics recently supported by the Obama administration.
Biocon Chairman and Managing Director, Kiran Mazumdar-Shaw commented: "Biocon is extremely pleased to have found a partner as strong as Mylan to accelerate our work in generic biologics and take it to the next level around the world, especially in regulated markets. I am confident that our shared vision for the sector, complementary skills, mutual respect and work ethic will make this collaboration a remarkable success while bringing additional value to Biocon and its shareholders. Monoclonal antibodies are emerging as the most dominant class in biologics. Through this partnership we hope to deliver high quality, affordable bio-generic antibodies and biologics, thereby addressing a critical need to lower spiraling healthcare costs in both the developed and emerging economies."
Mylan's Chairman and CEO, Robert J. Coury commented: "I am extremely excited to be able to announce what I consider to be one of the more comprehensive and high quality biologics initiatives reported within the industry to date. This unique collaboration combines Biocon's scientific expertise; excellent product development track record; appreciation of complex regulatory requirements; and state-of-the-art, cost-efficient and scalable biologics manufacturing with Mylan's one-of-a-kind global commercial footprint and our regulatory expertise around the world. Biocon also has a unique corporate culture that is very similar to Mylan's. All of these attributes will provide a critical synergy and create a strong and effective long-term partnership. Generic biologics, especially monoclonal antibodies, are expected to become the next great bolus of growth in the generic pharmaceutical industry, and through this alliance, Mylan and Biocon have covered all four corners of what any organization would want or need to have secured to offer a highly competitive and distinct generic biologics product portfolio with tremendous growth potential for the coming decade."
As part of this collaboration, Mylan and Biocon will share development, capital and certain other costs to bring products to market. Mylan will have exclusive commercialization rights in the U.S., Canada, Japan, Australia, New Zealand and in the European Union and European Free Trade Association countries through a profit sharing arrangement with Biocon. Mylan will have co-exclusive commercialization rights with Biocon in all other markets around the world. All other financial terms and product details remain confidential.
About Mylan Inc:
Mylan Inc., which provides products to customers in more than 140 countries and territories, ranks among the leading diversified generics and specialty pharmaceutical companies in the world. The company maintains one of the industry's broadest - and highest quality - product portfolios, supported by a robust product pipeline; owns a controlling interest in the world's third largest active pharmaceutical ingredient manufacturer; and operates a specialty business focused on respiratory and allergy therapies.
For more information, visit www.mylan.com
About Biocon Limited
Established in 1978, Biocon Limited is one of India's premier biotechnology companies. Together with its group companies, Biocon forms a fully integrated biotechnology enterprise, specializing in biopharmaceuticals, custom research and clinical research which deliver products and solutions to partners and customers across the globe. Biocon launched the world's first recombinant human insulin, INSUGEN in November 2004 using Pichia expression and India's first indigenously produced monoclonal antibody BIOMAb-EGFRTM.
A leading US trade publication, Med Ad News, in its 2007/08 listings has ranked Biocon 20th amongst the leading biotechnology companies in the world and the 7th largest Biotech employer in the world. Biocon recently received the 2009 BioSingapore Asia Pacific Biotechnology Award for Best Listed Company.
Focusing on unmet medical needs in cancer, diabetes and inflammatory diseases, Biocon offers novel therapies on a platform of affordable innovation. Biocon's strategic licensing partnerships provide market penetration and global access to deliver breakthrough therapeutics to millions of patients the world over.
For more information, www.biocon.com
This press release includes statements that constitute "forward-looking statements," including with regard to the collaboration and commercialization of the products, the company's future opportunities and the transaction's impact on future earnings. These statements are made pursuant to the safe harbor provisions contained in relevant regulations. Because such statements inherently involve risks and uncertainties, actual future results may differ materially from those expressed or implied by such forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to: the content and timing of decisions by regulatory authorities related to the development and commercialization of the products; difficulties or delays in manufacturing; demand for and market acceptance for the products; the impact of competitive products and pricing; and the other risks. The company undertakes no obligation to update these statements for revisions or changes after the date of this release.
CONTACT DETAILS
Paula Sengupta, Biocon Limited, +91 (80) 28082808, paula.sengupta@biocon.com
Sonia Sharma, Brodeur India, +91 (80) 4042 9047, ssharma@brodeurindia.com
KEYWORDS
CONSUMER, MARKETING, BUSINESS SERVICES, HEALTHCARE, HEALTHCARE, BIOCON.NS
If you wish to change your Business Wire India selection please click on this link http://www.businesswireindia.com/media/news.asp and use your personal username and password to login.
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Source: Biocon Limited
Monday, June 29, 2009 02:04 PM IST (08:34 AM GMT)
Editors: General: Consumer interest; Business: Advertising, PR & marketing, Business services, Healthcare, biotechnology & pharmaceutical; Healthcare
--------------------------------------------------
Biocon Announces Strategic Collaboration with Mylan to Enter the Global Generic Biologics Market
Bangalore, Karnataka, India, Monday, June 29, 2009 -- (Business Wire India) -- Biocon Limited today announced that it has executed a definitive agreement with Mylan Inc. (Nasdaq: MYL) for an exclusive collaboration on the development, manufacturing, supply and commercialization of multiple, high value generic biologic compounds for the global marketplace. Through this partnership, Mylan and Biocon bring together highly complementary capabilities that will significantly advance their efforts to secure a leading position in the emerging generic biologics industry.
The generics segment in the pharmaceutical industry, which is currently based almost entirely on chemically synthesized drugs, is poised for a changing paradigm. The pressure to lower health care costs is galvanizing governmental efforts globally to facilitate the entry of generic bio-tech or protein derived drugs. An estimated $25 billion worth of biologics will have lost patent protection by 2016, creating a significant market opportunity for protein therapeutics like insulin and its analogs, erythropoietin, human growth hormone, monoclonal antibodies and many others. The complexity and costs involved in developing generic biologics are expected to see only a few players being able to gain entry into the highly regulated markets of Europe and USA. Bio-generics in the emerging markets are expected to grow from the current estimate of $1.5 billion at a projected rate of over 20% per annum over the next 5 years. Biocon is well positioned to capitalize on these opportunities through its early investments in research, development and manufacturing of high quality protein therapeutics, including both novel biologics and bio-generics. Combining this with Mylan's regulatory and commercialization capabilities in US and Europe creates a cost effective model to address a large, emerging opportunity for generic biologics recently supported by the Obama administration.
Biocon Chairman and Managing Director, Kiran Mazumdar-Shaw commented: "Biocon is extremely pleased to have found a partner as strong as Mylan to accelerate our work in generic biologics and take it to the next level around the world, especially in regulated markets. I am confident that our shared vision for the sector, complementary skills, mutual respect and work ethic will make this collaboration a remarkable success while bringing additional value to Biocon and its shareholders. Monoclonal antibodies are emerging as the most dominant class in biologics. Through this partnership we hope to deliver high quality, affordable bio-generic antibodies and biologics, thereby addressing a critical need to lower spiraling healthcare costs in both the developed and emerging economies."
Mylan's Chairman and CEO, Robert J. Coury commented: "I am extremely excited to be able to announce what I consider to be one of the more comprehensive and high quality biologics initiatives reported within the industry to date. This unique collaboration combines Biocon's scientific expertise; excellent product development track record; appreciation of complex regulatory requirements; and state-of-the-art, cost-efficient and scalable biologics manufacturing with Mylan's one-of-a-kind global commercial footprint and our regulatory expertise around the world. Biocon also has a unique corporate culture that is very similar to Mylan's. All of these attributes will provide a critical synergy and create a strong and effective long-term partnership. Generic biologics, especially monoclonal antibodies, are expected to become the next great bolus of growth in the generic pharmaceutical industry, and through this alliance, Mylan and Biocon have covered all four corners of what any organization would want or need to have secured to offer a highly competitive and distinct generic biologics product portfolio with tremendous growth potential for the coming decade."
As part of this collaboration, Mylan and Biocon will share development, capital and certain other costs to bring products to market. Mylan will have exclusive commercialization rights in the U.S., Canada, Japan, Australia, New Zealand and in the European Union and European Free Trade Association countries through a profit sharing arrangement with Biocon. Mylan will have co-exclusive commercialization rights with Biocon in all other markets around the world. All other financial terms and product details remain confidential.
About Mylan Inc:
Mylan Inc., which provides products to customers in more than 140 countries and territories, ranks among the leading diversified generics and specialty pharmaceutical companies in the world. The company maintains one of the industry's broadest - and highest quality - product portfolios, supported by a robust product pipeline; owns a controlling interest in the world's third largest active pharmaceutical ingredient manufacturer; and operates a specialty business focused on respiratory and allergy therapies.
For more information, visit www.mylan.com
About Biocon Limited
Established in 1978, Biocon Limited is one of India's premier biotechnology companies. Together with its group companies, Biocon forms a fully integrated biotechnology enterprise, specializing in biopharmaceuticals, custom research and clinical research which deliver products and solutions to partners and customers across the globe. Biocon launched the world's first recombinant human insulin, INSUGEN in November 2004 using Pichia expression and India's first indigenously produced monoclonal antibody BIOMAb-EGFRTM.
A leading US trade publication, Med Ad News, in its 2007/08 listings has ranked Biocon 20th amongst the leading biotechnology companies in the world and the 7th largest Biotech employer in the world. Biocon recently received the 2009 BioSingapore Asia Pacific Biotechnology Award for Best Listed Company.
Focusing on unmet medical needs in cancer, diabetes and inflammatory diseases, Biocon offers novel therapies on a platform of affordable innovation. Biocon's strategic licensing partnerships provide market penetration and global access to deliver breakthrough therapeutics to millions of patients the world over.
For more information, www.biocon.com
This press release includes statements that constitute "forward-looking statements," including with regard to the collaboration and commercialization of the products, the company's future opportunities and the transaction's impact on future earnings. These statements are made pursuant to the safe harbor provisions contained in relevant regulations. Because such statements inherently involve risks and uncertainties, actual future results may differ materially from those expressed or implied by such forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to: the content and timing of decisions by regulatory authorities related to the development and commercialization of the products; difficulties or delays in manufacturing; demand for and market acceptance for the products; the impact of competitive products and pricing; and the other risks. The company undertakes no obligation to update these statements for revisions or changes after the date of this release.
CONTACT DETAILS
Paula Sengupta, Biocon Limited, +91 (80) 28082808, paula.sengupta@biocon.com
Sonia Sharma, Brodeur India, +91 (80) 4042 9047, ssharma@brodeurindia.com
KEYWORDS
CONSUMER, MARKETING, BUSINESS SERVICES, HEALTHCARE, HEALTHCARE, BIOCON.NS
If you wish to change your Business Wire India selection please click on this link http://www.businesswireindia.com/media/news.asp and use your personal username and password to login.
Submit your press release at http://www.businesswireindia.com
BWI: Club Alanzo Cruises Project to Divest 58%, Seeks Partner
Press release from Business Wire India
Source: BRUS CHAMBERS
Monday, June 29, 2009 11:25 AM IST (05:55 AM GMT)
Editors: General: Consumer interest, Lifestyle; Business: Banking & financial services, Business services, Financial Analyst, Heavy industries, Hospitality, Stock exchanges
--------------------------------------------------
Club Alanzo Cruises Project to Divest 58%, Seeks Partner
Mumbai, Maharashtra, India, Monday, June 29, 2009 -- (Business Wire India) -- Alanzo I and Alanzo II are the two traditional wooden ships under Club Alanzo Cruises and are expected to be the luxuriest traditional wooden ships, these ships are also known as Chinese junks. Alanzo I, which is 49.5 m (162.40 ft) long, will accommodate 12 passengers while Alanzo II, which is 160 m (524.93 ft) long, can accommodate about 160/ 200 passengers. Club Alanzo Cruises is seeking project partner and the volume of the investment for Club Alanzo Cruises comprising of Alanzo I and Alanzo II is estimated to be about Euro 250 million, this includes the construction cost and one year running of the cruises.
The promoters are willing to divest 58% stake in the project and has already invested Euro 1.3 million.
The ships in the Club Alanzo series represent a unique and new concept at an international level. They combine the Chinese traditional wooden shipbuilding design of the junks with luxury interiors inspired by various traditional cultural styles by taking advantage of the advances of modern technology. This combination results in the production of ships in the 'extra' class which are solely intended for clients in the growth markets of luxury cruises and luxury chartered yachts.
The first ship Alanzo I that is currently being constructed, occupies a niche in both market segments because of its design, the way in which she is constructed will offer the comfort of a cruise traveling to some of the most beautiful areas of the world which have previously only been accessible to smaller sailing yachts. Both the ships are really innovative which can also act as catalysts for economic success.
Alanzo II, although planning and design of the cruise is ready, is now waiting to start its construction work. The implementation phase for this ship will start once Alanzo I have been put into service or may be earlier. This vessel historically was first built during 1405-1435 known as Zheng He treasure ships in the fleet of Chinese Admiral Zheng.
Both the ship is completely made of wood and is a reproduction of a historic and pirate Chinese junk.
Project manager Ms. Shweta Jain states that the ships will be repositioned at Europe and will be based in Barcelona for cruises to Nice, Cannes, Monaco or the Balearic Islands. From January to the end of May, the ships are mainly to be used in the Caribbean before it moves to the Mediterranean. Ms. Jain also one percent equity holder states that it makes more business sense to divest to a professionally managed equity partner preferably who can share its expertise and backed with strong financial support in a professional manner as the project clientele is targeted for the high-end market and there exist a vacuum for this segment.
Partners of Brus Chambers, Solicitors, and the best-known shipping law firm are also partners and advisers to this project.
The project has already hotel partnered with Dubai's iconic Burj Al Arab and the Sandy Lane hotel in St James, Barbados. The emphasis remains largely on the luxury end of the market.
A Goettingen, Germany born conceptualiser and Promoter, Mr. Alanzo Langecker. holds the right to the ships. A new company is proposed to be established and subsequently the title rights for the wooden ship will be transferred to the new company. Mr. Langecker states that the project is conceptualized to sail as a luxury ship and the whole business idea is centered around building heritage replica vessels.
More details at http://www.alanzo.de/cruises.php
To view the Alanzo II, please click on the link given below:
Alanzo II
For picture(s)/data to illustrate this release click below:
http://www.BusinessWireIndia.com/attachments/pIC_1(4).gif
pIC_1(4).gif
CONTACT DETAILS
Shrikant Hathi, Brus Chambers, +91 (22) 22659969, shrikant@bruschambers.com
KEYWORDS
CONSUMER, LIFESTYLE, BANKING, BUSINESS SERVICES, Financial Analyst, HEAVY INDUSTRIES, HOSPITALITY, STOCK EXCHANGES
If you wish to change your Business Wire India selection please click on this link http://www.businesswireindia.com/media/news.asp and use your personal username and password to login.
Submit your press release at http://www.businesswireindia.com
Source: BRUS CHAMBERS
Monday, June 29, 2009 11:25 AM IST (05:55 AM GMT)
Editors: General: Consumer interest, Lifestyle; Business: Banking & financial services, Business services, Financial Analyst, Heavy industries, Hospitality, Stock exchanges
--------------------------------------------------
Club Alanzo Cruises Project to Divest 58%, Seeks Partner
Mumbai, Maharashtra, India, Monday, June 29, 2009 -- (Business Wire India) -- Alanzo I and Alanzo II are the two traditional wooden ships under Club Alanzo Cruises and are expected to be the luxuriest traditional wooden ships, these ships are also known as Chinese junks. Alanzo I, which is 49.5 m (162.40 ft) long, will accommodate 12 passengers while Alanzo II, which is 160 m (524.93 ft) long, can accommodate about 160/ 200 passengers. Club Alanzo Cruises is seeking project partner and the volume of the investment for Club Alanzo Cruises comprising of Alanzo I and Alanzo II is estimated to be about Euro 250 million, this includes the construction cost and one year running of the cruises.
The promoters are willing to divest 58% stake in the project and has already invested Euro 1.3 million.
The ships in the Club Alanzo series represent a unique and new concept at an international level. They combine the Chinese traditional wooden shipbuilding design of the junks with luxury interiors inspired by various traditional cultural styles by taking advantage of the advances of modern technology. This combination results in the production of ships in the 'extra' class which are solely intended for clients in the growth markets of luxury cruises and luxury chartered yachts.
The first ship Alanzo I that is currently being constructed, occupies a niche in both market segments because of its design, the way in which she is constructed will offer the comfort of a cruise traveling to some of the most beautiful areas of the world which have previously only been accessible to smaller sailing yachts. Both the ships are really innovative which can also act as catalysts for economic success.
Alanzo II, although planning and design of the cruise is ready, is now waiting to start its construction work. The implementation phase for this ship will start once Alanzo I have been put into service or may be earlier. This vessel historically was first built during 1405-1435 known as Zheng He treasure ships in the fleet of Chinese Admiral Zheng.
Both the ship is completely made of wood and is a reproduction of a historic and pirate Chinese junk.
Project manager Ms. Shweta Jain states that the ships will be repositioned at Europe and will be based in Barcelona for cruises to Nice, Cannes, Monaco or the Balearic Islands. From January to the end of May, the ships are mainly to be used in the Caribbean before it moves to the Mediterranean. Ms. Jain also one percent equity holder states that it makes more business sense to divest to a professionally managed equity partner preferably who can share its expertise and backed with strong financial support in a professional manner as the project clientele is targeted for the high-end market and there exist a vacuum for this segment.
Partners of Brus Chambers, Solicitors, and the best-known shipping law firm are also partners and advisers to this project.
The project has already hotel partnered with Dubai's iconic Burj Al Arab and the Sandy Lane hotel in St James, Barbados. The emphasis remains largely on the luxury end of the market.
A Goettingen, Germany born conceptualiser and Promoter, Mr. Alanzo Langecker. holds the right to the ships. A new company is proposed to be established and subsequently the title rights for the wooden ship will be transferred to the new company. Mr. Langecker states that the project is conceptualized to sail as a luxury ship and the whole business idea is centered around building heritage replica vessels.
More details at http://www.alanzo.de/cruises.php
To view the Alanzo II, please click on the link given below:
Alanzo II
For picture(s)/data to illustrate this release click below:
http://www.BusinessWireIndia.com/attachments/pIC_1(4).gif
pIC_1(4).gif
CONTACT DETAILS
Shrikant Hathi, Brus Chambers, +91 (22) 22659969, shrikant@bruschambers.com
KEYWORDS
CONSUMER, LIFESTYLE, BANKING, BUSINESS SERVICES, Financial Analyst, HEAVY INDUSTRIES, HOSPITALITY, STOCK EXCHANGES
If you wish to change your Business Wire India selection please click on this link http://www.businesswireindia.com/media/news.asp and use your personal username and password to login.
Submit your press release at http://www.businesswireindia.com
Saturday, June 27, 2009
BWI: Climate Change Your Biggest Enemy: Dr. Pachauri Warns Indian Army
Press release from Business Wire India
Source: The Energy and Resources Institute (TERI)
Saturday, June 27, 2009 07:50 PM IST (02:20 PM GMT)
Editors: General: Consumer interest, Economy, Environment, People, Social issues; Business: Advertising, PR & marketing, Defence & security, Energy companies, Information technology; Technology
--------------------------------------------------
Climate Change Your Biggest Enemy: Dr. Pachauri Warns Indian Army
New Delhi, Delhi, India, Saturday, June 27, 2009 -- (Business Wire India) -- Dr. R.K. Pachauri, Padma Vibhushan, Director General, The Energy and Resources Institute (TERI) and Chairman of the Intergovernmental Panel on Climate Change (IPCC), gave this warning while delivering the keynote address at the convocation ceremony at the Military College of Telecommunication Engineering, Mhow. As the Chief Guest, he presented the Chief of Army Staff Trophy and other awards to the winners.
In his Valedictory Address, Dr. Pachauri complimented the officers for their performance on the course. He praised the Corps of Signals for their good work in the field of modern communications and computer networks and their remarkable use of advanced systems of Optical Fiber, Satellite Communications, and other networks to conduct its operations, including Low Intensity Conflict Operations and UN missions. Corps of Signals has done exemplary work during various natural calamities across the length and breadth of the country. He stressed on the global issue of climate change. "Climate change poses new threats to India." "Melting snows in the north open up passages for terrorists, just as melting glaciers affect water supply in the subcontinent's northern part, sharpening possibility of conflict with our neighbours. Changing rainfall patterns affect rain fed agriculture, worsening poverty which can be exploited by others."
He added, "Our defence forces might find themselves torn between humanitarian relief operations and guarding our borders against climate refugees, as rising sea-levels swamp low-lying areas, forcing millions of 'climate refugees' across India's border."
The Commandant, Military College of Telecommunication Engineering in his farewell address, exhorted the passing out officers to apply their knowledge in their units and to keep abreast with the latest in the field of technology.
CONTACT DETAILS
Mr. Rajiv Chhibber, The Energy and Resources Institute (TERI), +919810426698, rajivc@teri.res.in
Ms. Tushita Mukherjee, The Energy and Resources Institute (TERI), +919871204990, tushitam@teri.res.in
KEYWORDS
CONSUMER, ECONOMY, ENVIRONMENT, PEOPLE, SOCIAL, MARKETING, DEFENCE, ENERGY, IT, TECHNOLOGY
If you wish to change your Business Wire India selection please click on this link http://www.businesswireindia.com/media/news.asp and use your personal username and password to login.
Submit your press release at http://www.businesswireindia.com
Source: The Energy and Resources Institute (TERI)
Saturday, June 27, 2009 07:50 PM IST (02:20 PM GMT)
Editors: General: Consumer interest, Economy, Environment, People, Social issues; Business: Advertising, PR & marketing, Defence & security, Energy companies, Information technology; Technology
--------------------------------------------------
Climate Change Your Biggest Enemy: Dr. Pachauri Warns Indian Army
New Delhi, Delhi, India, Saturday, June 27, 2009 -- (Business Wire India) -- Dr. R.K. Pachauri, Padma Vibhushan, Director General, The Energy and Resources Institute (TERI) and Chairman of the Intergovernmental Panel on Climate Change (IPCC), gave this warning while delivering the keynote address at the convocation ceremony at the Military College of Telecommunication Engineering, Mhow. As the Chief Guest, he presented the Chief of Army Staff Trophy and other awards to the winners.
In his Valedictory Address, Dr. Pachauri complimented the officers for their performance on the course. He praised the Corps of Signals for their good work in the field of modern communications and computer networks and their remarkable use of advanced systems of Optical Fiber, Satellite Communications, and other networks to conduct its operations, including Low Intensity Conflict Operations and UN missions. Corps of Signals has done exemplary work during various natural calamities across the length and breadth of the country. He stressed on the global issue of climate change. "Climate change poses new threats to India." "Melting snows in the north open up passages for terrorists, just as melting glaciers affect water supply in the subcontinent's northern part, sharpening possibility of conflict with our neighbours. Changing rainfall patterns affect rain fed agriculture, worsening poverty which can be exploited by others."
He added, "Our defence forces might find themselves torn between humanitarian relief operations and guarding our borders against climate refugees, as rising sea-levels swamp low-lying areas, forcing millions of 'climate refugees' across India's border."
The Commandant, Military College of Telecommunication Engineering in his farewell address, exhorted the passing out officers to apply their knowledge in their units and to keep abreast with the latest in the field of technology.
CONTACT DETAILS
Mr. Rajiv Chhibber, The Energy and Resources Institute (TERI), +919810426698, rajivc@teri.res.in
Ms. Tushita Mukherjee, The Energy and Resources Institute (TERI), +919871204990, tushitam@teri.res.in
KEYWORDS
CONSUMER, ECONOMY, ENVIRONMENT, PEOPLE, SOCIAL, MARKETING, DEFENCE, ENERGY, IT, TECHNOLOGY
If you wish to change your Business Wire India selection please click on this link http://www.businesswireindia.com/media/news.asp and use your personal username and password to login.
Submit your press release at http://www.businesswireindia.com
BWI: Shri B M Vyas, Managing Director of GCMMF Gets Prestigious ‘Charotar Ratna’ Award
Press release from Business Wire India
Source: Amul
Saturday, June 27, 2009 06:21 PM IST (12:51 PM GMT)
Editors: General: Consumer interest, Food & drink; Business: Advertising, PR & marketing, Business services, Commodities & materials
--------------------------------------------------
Shri B M Vyas, Managing Director of GCMMF Gets Prestigious 'Charotar Ratna' Award
Anand, Gujarat, India, Saturday, June 27, 2009 -- (Business Wire India) -- Shri B M Vyas, Managing Director of Gujarat Cooperative Milk Marketing Federation Ltd., (GCMMF Ltd.), Anand Gujarat, has been awarded the prestigious 'Charotar Ratna' award, for his exemplary service to the Indian dairy industry and to the farmers of Gujarat. This highly prestigious award instituted by Rotary Club, Roundtown, Anand, will be presented to Shri B M Vyas by the Hon. Member of Parliament from Anand, Shri Bharat Solanki, on 27th June 2009 at a special ceremony organized in the auditorium of Institute of Rural Management, Anand.
Shri B. M. Vyas has joined GCMMF in the year 1978 as Deputy Manager and rose to the present level of Managing Director in 1994 - within a short span of 16 years, during which he served the organization different in capacities. Having grown from the cadre in multi-function environment, he has in-depth knowledge of dairy business. He has travelled widely within India and overseas. Under his leadership GCMMF has been honored with various Awards for outstanding performance in the Industry including the coveted Rajiv Gandhi National Award for Quality and Business World Award of Most Respected Indian Company in 2002.
He is passionate about developing products that meet the unique requirements of the consumers. He believes that all organizations can achieve their goal of customer satisfaction by harnessing the manpower talent through HR initiatives and use of information technology to integrate their activities with their suppliers and consumers to retain the competitive edge.
Some of his significant achievements as Managing Director of GCMMF are :-
-- Under his able leadership, the turnover of GCMMF grew almost 600%, from Rs. 988.90 crores in 1993-94, to Rs. 6711.31 crores in 2008-09. The business of the organization, has increased seven-fold, during his 15 year tenure as CEO.
-- This achievement is even more significant, since this was the period when the new economic policy of liberalization took roots in India. Shri B M Vyas steered GCMMF through a period of intense competitive environment, when MNCs as well as regional brands challenged the leadership of Amul in domestic market. Under his leadership, GCMMF successfully weathered all challenges and the 'Amul' brand retained its supremacy in the Indian market.
-- When he assumed charge as CEO in April 1994, his first task was to transform GCMMF into a vibrant modern organization. This was critical if GCMMF was to continue to thrive in the era of liberalization. He set forth on a five-pronged strategy: -
-- He initiated TQM (Total Quality Management) in GCMMF in 1994. TQM helped to transform the organizational culture, equipping it with the means to meet the challenges of liberalization.
-- He focused on integrating the key business processes through the use of Information Technology. He implemented ERP in the organization and initiated development of Enterprise-wide Integrated Information system, which has become the backbone of the organization. Due to his initiative, GCMMF was one of the first business organizations in India, to have their own websites (www.amul.com) since 1995. Amul's Cyberstore from where customers could order Amul products and get doorstep delivery is his unique innovation
-- He is the fountainhead of innovative and creative initiatives, within GCMMF. His reputation as a product-innovator is well known in FMCG industry. He has enabled introduction of several innovative products, through fusion of available technologies. Innovation is not limited to new product development alone. Every new product introduction is supported by creative marketing strategies. During his tenure as CEO of GCMMF, more than 60 new products have been launched by the organization. Most of these new launches have proved to be grand successes, including Amul Ice-cream, Amul Masti Dahi, Amul Kool Flavoured Milk, Amul Long Life UHT milk and several other products. Packaging has also been revamped for major Amul products, so that they have a world-class appearance.
-- In order to gain direct access to final consumers, Amul Parlours have been started in major cities. With this initiative, GCMMF has also ventured into direct retailing. Shri Vyas started this initiative for two important reasons :- (1) It enhances brand visibility of Amul at retail level. (2) It helps the organization to get direct feedback from consumers, regarding its products. GCMMF has also opened such parlors at major centers of excellence, such as the campus of INFOSYS at Bangalore, Campuses of various IIMs and IITs, NID and ISRO campuses at Ahmedabad and plans to open several more. Currently, Amul has more than 4000 parlours in all major towns of the country.
-- In order to gain presence in the global dairy market, GCMMF has introduced Amul products in various countries. Amul has a significant presence in Middle-East, with our own brand office located in Dubai. This has also happened at the initiative of Shri B M Vyas. Amul also entered the prestigious US market and initiated tie-ups with major retail chains. Shri Vyas also paved the way for entry of Amul products in Singapore, Hong Kong, Sri Lanka, Thailand, Bangladesh, China, Australia, Japan and several African countries.
-- Shri B M Vyas is a member of the Boards and Governing bodies of several organizations and institutions. He has actively participated in formulating and influencing National policy on several industrial sectors including, dairy industry, packaging industry and export sector. Some of the organizations in which Shri Vyas is a board member are :-
-- PERMANENT COMMITTEE OF COMMISSION C, INTERNATIONAL DAIRY FEDERATION
-- BOARD OF GOVERNORS, INSTITUTE OF RURAL MANAGEMENT, ANAND (IRMA) - till 2008
-- GOVERNING BODY, INDIAN INSTITUTE OF PACKAGING, MUMBAI (2000-2004)
-- EXPORT INSPECTION COUNCIL OF INDIA, MINISTRY OF COMMERCE AND INDUSTRY, GOVERNMENT OF INDIA, NEW DELHI
-- KAIRA CAN COMPANY, MUMBAI
-- NATIONAL COMMITTEE ON FOOD PROCESSING, CONFEDERATION OF INDIAN INDUSTRIES, NEW DELHI.
-- VIDYA DAIRY, ANAND.
-- RUDI MULTI-TRADING COMPANY LIMITED, AHMEDABAD (AN INITIATIVE OF SEWA)
-- GYAN SHALA PROJECT, AHMEDABAD (FREE EDUCATION INITIATIVE)
OTHER HONOURS & AWARDS RECEIEVD BY SHRI B M VYAS, MD, GCMMF
-- 'BEST OF ALL RAJIV GANDHI NATIONAL QUALITY AWARD' - 2002 (GCMMF)
-- 'IMC-RAMKRISHNA BAJAJ CERTIFICATE OF MERIT FOR QUALITY' - 2003 (GCMMF)
-- 'BUSINESS WORLD - INDIA'S MOST RESPECTED COMPANY AWARD' - 2002 (GCMMF)
-- 'QIMPRO - GOLD STANDARD AWARD' - 2003 (IN PERSONAL CAPACITY)
-- INDIAN DAIRY ASSOCIATION (IDA)'S CH. V NAGAR AWARD - 2008.
-- 'NATIONAL CITIZEN AWARD' - 2001 (IN PERSONAL CAPACITY)
-- 'CERTIFICATE OF APPRECIATION FOR EXEMPLARY MARKETING PRACTICES'
-- BY ROTARY CLUB, NADIAD - 2002. (IN PERSONAL CAPACITY)
-- 'CERTIFICATE OF APPRECIATION' BY SHETH MC COLLEGE OF DAIRY SCIENCE, ANAND - 2005. (IN PERSONAL CAPACITY)
-- 'SHALIN MANAV RATNA' AWARD BY ANUPAM MISSION, MOGRI - 2006 (IN PERSONAL CAPACITY)
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Picture
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CONTACT DETAILS
R. S Sodhi, Chief General Manager,, G.C.M.M.F. Ltd, +91 (02692) 221211/ +91 9824011058, sodhi@amul.coop
KEYWORDS
CONSUMER, FOOD, MARKETING, BUSINESS SERVICES, COMMODITIES
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Source: Amul
Saturday, June 27, 2009 06:21 PM IST (12:51 PM GMT)
Editors: General: Consumer interest, Food & drink; Business: Advertising, PR & marketing, Business services, Commodities & materials
--------------------------------------------------
Shri B M Vyas, Managing Director of GCMMF Gets Prestigious 'Charotar Ratna' Award
Anand, Gujarat, India, Saturday, June 27, 2009 -- (Business Wire India) -- Shri B M Vyas, Managing Director of Gujarat Cooperative Milk Marketing Federation Ltd., (GCMMF Ltd.), Anand Gujarat, has been awarded the prestigious 'Charotar Ratna' award, for his exemplary service to the Indian dairy industry and to the farmers of Gujarat. This highly prestigious award instituted by Rotary Club, Roundtown, Anand, will be presented to Shri B M Vyas by the Hon. Member of Parliament from Anand, Shri Bharat Solanki, on 27th June 2009 at a special ceremony organized in the auditorium of Institute of Rural Management, Anand.
Shri B. M. Vyas has joined GCMMF in the year 1978 as Deputy Manager and rose to the present level of Managing Director in 1994 - within a short span of 16 years, during which he served the organization different in capacities. Having grown from the cadre in multi-function environment, he has in-depth knowledge of dairy business. He has travelled widely within India and overseas. Under his leadership GCMMF has been honored with various Awards for outstanding performance in the Industry including the coveted Rajiv Gandhi National Award for Quality and Business World Award of Most Respected Indian Company in 2002.
He is passionate about developing products that meet the unique requirements of the consumers. He believes that all organizations can achieve their goal of customer satisfaction by harnessing the manpower talent through HR initiatives and use of information technology to integrate their activities with their suppliers and consumers to retain the competitive edge.
Some of his significant achievements as Managing Director of GCMMF are :-
-- Under his able leadership, the turnover of GCMMF grew almost 600%, from Rs. 988.90 crores in 1993-94, to Rs. 6711.31 crores in 2008-09. The business of the organization, has increased seven-fold, during his 15 year tenure as CEO.
-- This achievement is even more significant, since this was the period when the new economic policy of liberalization took roots in India. Shri B M Vyas steered GCMMF through a period of intense competitive environment, when MNCs as well as regional brands challenged the leadership of Amul in domestic market. Under his leadership, GCMMF successfully weathered all challenges and the 'Amul' brand retained its supremacy in the Indian market.
-- When he assumed charge as CEO in April 1994, his first task was to transform GCMMF into a vibrant modern organization. This was critical if GCMMF was to continue to thrive in the era of liberalization. He set forth on a five-pronged strategy: -
-- He initiated TQM (Total Quality Management) in GCMMF in 1994. TQM helped to transform the organizational culture, equipping it with the means to meet the challenges of liberalization.
-- He focused on integrating the key business processes through the use of Information Technology. He implemented ERP in the organization and initiated development of Enterprise-wide Integrated Information system, which has become the backbone of the organization. Due to his initiative, GCMMF was one of the first business organizations in India, to have their own websites (www.amul.com) since 1995. Amul's Cyberstore from where customers could order Amul products and get doorstep delivery is his unique innovation
-- He is the fountainhead of innovative and creative initiatives, within GCMMF. His reputation as a product-innovator is well known in FMCG industry. He has enabled introduction of several innovative products, through fusion of available technologies. Innovation is not limited to new product development alone. Every new product introduction is supported by creative marketing strategies. During his tenure as CEO of GCMMF, more than 60 new products have been launched by the organization. Most of these new launches have proved to be grand successes, including Amul Ice-cream, Amul Masti Dahi, Amul Kool Flavoured Milk, Amul Long Life UHT milk and several other products. Packaging has also been revamped for major Amul products, so that they have a world-class appearance.
-- In order to gain direct access to final consumers, Amul Parlours have been started in major cities. With this initiative, GCMMF has also ventured into direct retailing. Shri Vyas started this initiative for two important reasons :- (1) It enhances brand visibility of Amul at retail level. (2) It helps the organization to get direct feedback from consumers, regarding its products. GCMMF has also opened such parlors at major centers of excellence, such as the campus of INFOSYS at Bangalore, Campuses of various IIMs and IITs, NID and ISRO campuses at Ahmedabad and plans to open several more. Currently, Amul has more than 4000 parlours in all major towns of the country.
-- In order to gain presence in the global dairy market, GCMMF has introduced Amul products in various countries. Amul has a significant presence in Middle-East, with our own brand office located in Dubai. This has also happened at the initiative of Shri B M Vyas. Amul also entered the prestigious US market and initiated tie-ups with major retail chains. Shri Vyas also paved the way for entry of Amul products in Singapore, Hong Kong, Sri Lanka, Thailand, Bangladesh, China, Australia, Japan and several African countries.
-- Shri B M Vyas is a member of the Boards and Governing bodies of several organizations and institutions. He has actively participated in formulating and influencing National policy on several industrial sectors including, dairy industry, packaging industry and export sector. Some of the organizations in which Shri Vyas is a board member are :-
-- PERMANENT COMMITTEE OF COMMISSION C, INTERNATIONAL DAIRY FEDERATION
-- BOARD OF GOVERNORS, INSTITUTE OF RURAL MANAGEMENT, ANAND (IRMA) - till 2008
-- GOVERNING BODY, INDIAN INSTITUTE OF PACKAGING, MUMBAI (2000-2004)
-- EXPORT INSPECTION COUNCIL OF INDIA, MINISTRY OF COMMERCE AND INDUSTRY, GOVERNMENT OF INDIA, NEW DELHI
-- KAIRA CAN COMPANY, MUMBAI
-- NATIONAL COMMITTEE ON FOOD PROCESSING, CONFEDERATION OF INDIAN INDUSTRIES, NEW DELHI.
-- VIDYA DAIRY, ANAND.
-- RUDI MULTI-TRADING COMPANY LIMITED, AHMEDABAD (AN INITIATIVE OF SEWA)
-- GYAN SHALA PROJECT, AHMEDABAD (FREE EDUCATION INITIATIVE)
OTHER HONOURS & AWARDS RECEIEVD BY SHRI B M VYAS, MD, GCMMF
-- 'BEST OF ALL RAJIV GANDHI NATIONAL QUALITY AWARD' - 2002 (GCMMF)
-- 'IMC-RAMKRISHNA BAJAJ CERTIFICATE OF MERIT FOR QUALITY' - 2003 (GCMMF)
-- 'BUSINESS WORLD - INDIA'S MOST RESPECTED COMPANY AWARD' - 2002 (GCMMF)
-- 'QIMPRO - GOLD STANDARD AWARD' - 2003 (IN PERSONAL CAPACITY)
-- INDIAN DAIRY ASSOCIATION (IDA)'S CH. V NAGAR AWARD - 2008.
-- 'NATIONAL CITIZEN AWARD' - 2001 (IN PERSONAL CAPACITY)
-- 'CERTIFICATE OF APPRECIATION FOR EXEMPLARY MARKETING PRACTICES'
-- BY ROTARY CLUB, NADIAD - 2002. (IN PERSONAL CAPACITY)
-- 'CERTIFICATE OF APPRECIATION' BY SHETH MC COLLEGE OF DAIRY SCIENCE, ANAND - 2005. (IN PERSONAL CAPACITY)
-- 'SHALIN MANAV RATNA' AWARD BY ANUPAM MISSION, MOGRI - 2006 (IN PERSONAL CAPACITY)
To view the photographs, please click on the link given below:
Picture
For picture(s)/data to illustrate this release click below:
http://www.BusinessWireIndia.com/attachments/bmv-pp.jpg
bmv-pp.jpg
CONTACT DETAILS
R. S Sodhi, Chief General Manager,, G.C.M.M.F. Ltd, +91 (02692) 221211/ +91 9824011058, sodhi@amul.coop
KEYWORDS
CONSUMER, FOOD, MARKETING, BUSINESS SERVICES, COMMODITIES
If you wish to change your Business Wire India selection please click on this link http://www.businesswireindia.com/media/news.asp and use your personal username and password to login.
Submit your press release at http://www.businesswireindia.com
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