Press release from Business Wire India
Source: Infrastructure Development Finance Company Limited
Saturday, April 30, 2011 10:21 AM IST (04:51 AM GMT)
Editors: General: Consumer interest, Economy; Business: Banking & financial services, Financial Analyst, Stock exchanges
--------------------------------------------------
IDFC Consolidated Net Profit Increased by 21% in FY 2011 over FY 2010
Mumbai, Maharashtra, India, Saturday, April 30, 2011 -- (Business Wire India) -- Highlights of FY 2011
--- Profit After Tax of ` 1,282 crore for FY 2011 compared to ` 1,062 crore in FY 2010
--- EPS (diluted) increased from ` 8.12 per share to ` 8.71 per share : an increase of 7%
--- Dividend increased from ` 1.50 per share to ` 2.00 per share : an increase of 33%
--- IDFC is notified as Infrastructure Finance Company by the Reserve Bank of India
--- IDFC raised ` 2,654 crore through the QIP route by allotment of equity shares to QIBs and ` 840 crore of capital through a preferential issue of CCCPS.
--- Balance sheet size as on March 31, 2011 - ` 47,554 crore : an increase of 42%
--- Net NPAs at 0.10% of outstanding loans; No new NPA in FY 2011
--- Net Interest income (NII) of `1,645 crore : an increase of 47%
--- Non Interest Income of ` 875 crore
--- Assets under management - USD 7.5 billion
At its 83rd Board Meeting held on April 29, 2011, the Board of Directors of Infrastructure Development Finance Company Limited (IDFC) approved financial results for the period April 01, 2010 to March 31, 2011 and recommended Dividend at the rate of ` 2.00 per equity share for FY 2011.
INCOME
-- Net Interest Income (NII) increased by 47% from ` 1,117 crore in FY 2010 to ` 1,645 crore in FY 2011.
- Net Interest Income (NII) from infrastructure loans increased by 47% from ` 1,021 crore in FY 2010 to ` 1,501 crore in FY 2011.
- Net Interest Income from treasury operations increased by 49% from ` 96 crore in FY 2010 to ` 144 crore in FY 2011.
-- Non Interest Income decreased by 8% from ` 950 crore in FY 2010 to ` 875 crore in FY 2011.
- Fees from IDFC's asset management business decreased by 20% from ` 362 crore in FY 2010 to ` 291 crore in FY 2011.
- Income from Investment banking and broking activity increased by 9% from ` 183 crore in FY 2010 to ` 199 crore in FY 2011.
- Income from principal investments decreased by 27% from ` 261 crore in FY 2010 to ` 191 crore in FY 2011.
- Loan related and other fees increased by 35% from ` 144 crore to ` 194 crore
PROFITS
-- Profit before tax (PBT) increased by 25% from ` 1,429 crore in FY 2010 to ` 1,779 crore in FY 2011.
-- EPS (diluted) increased by 7% from ` 8.12 per share to ` 8.71 per share.
-- After accounting for tax and share of profit in associate company, the profit after tax (PAT) increased by 21% from ` 1,062 crore in FY 2010 to ` 1,282 crore in FY 2011. Profit after tax (PAT) from the core business (excluding income from principal investments) increased by over 40%.
BALANCE SHEET
-- The balance sheet size grew by 42% from ` 33,562 crore as at March 31, 2010 to ` 47,554 crore as at March 31, 2011.
-- Net Loan book increased by 50% from ` 25,031 crore to ` 37,652 crore.
-- Exposure was ` 58,273 crore as on March 31, 2011.
CONTACT DETAILS
Mr. Arun Raste, Infrastructure Development Finance Company Limited, + 91 22 4222 2019, arun.raste@idfc.com
Mr. K.V. Venkatraman, Infrastructure Development Finance Company Limited, + 91 22 4222 2019, venkatraman.kv@idfc.com
KEYWORDS
CONSUMER, ECONOMY, BANKING, Financial Analyst, STOCK EXCHANGES
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Saturday, April 30, 2011
Friday, April 29, 2011
BWI: Wipro Unveils Lab in Bellevue to Test Unified Communications Solutions
Press release from Business Wire India
Source: WIPRO
Friday, April 29, 2011 07:57 PM IST (02:27 PM GMT)
Editors: General: Consumer interest, Economy; Business: Business services, Information technology; Technology
--------------------------------------------------
Wipro Unveils Lab in Bellevue to Test Unified Communications Solutions
Redmond, United States, Friday, April 29, 2011 -- (Business Wire India) -- Wipro Technologies, the Global Consulting, System Integration and Outsourcing business of Wipro Limited (NYSE: WIT), today unveiled a state-of-the-art testing facility in Bellevue, WA, USA, to provide Microsoft Lync Server 2010 qualification testing services for unified communication products. Wipro's testing facility will provide faster time to market to companies developing telephony infrastructure solutions on Microsoft's Unified Communication platforms.
The product development cycle for telephony infrastructure solutions involves a testing period of 3-4 weeks. Wipro's collaboration with Microsoft and Wipro's testing facility providing both pre-qualification and qualification testing services will help unified communication solution providers speed up product testing by around 50 percent. Wipro's Pre-Qualification Program can help the vendor assess the product's compliance towards the interoperability qualification. Changes required can be identified early on in the product lifecycle allowing quick turnaround for the interoperability qualification.
Wipro's Bellevue testing facility will use Microsoft's well-defined and focused testing procedures to independently test products submitted by manufacturers across the globe. Wipro has been involved in Microsoft Unified Communications Open Interoperability Program for Lync Server 2010 and developed in-depth expertise in areas like PSTN Gateways, IP-PBXs and SIP Trunking.
"Over the past five years, we have been on a journey to transform communications with the power of software," said Warren Barkley, General Manager for Lync at Microsoft. "Lync Server 2010 delivers on this vision by unifying enterprise voice, instant messaging, and web, audio and videoconferencing into a connected communications experience. We value Wipro's tradition and experience in managing qualification programs as well as their infrastructure product testing. We are excited to have Wipro as a UCOIP qualification partner for Lync Server 2010"
"Wipro is happy to announce the launch a new testing lab for unified communication products/solutions. Our collaboration with Microsoft will help Wipro's Testing capabilities reach its zenith," says C. S. Raghavendra, General Manager, Product Engineering Services, Wipro. "The new testing facility supplemented by our offshore testing facility in Hyderabad presents a unique value proposition of round-the-clock productivity making 24x7 testing services a reality. This will help bring down production cycle time for customers developing unified communication solutions."
The testing lab was inaugurated by K.D Singh, Vice President, Wipro Technologies, Kam S. Toor, Sr. Program Manager, Lync Partner Engineering Team, and Kapil Sharma, Principal Group Program Manager, Lync Partner Engineering Team.
New and existing Microsoft UCOIP participating vendors can now start submitting their solutions to Wipro Testing Services for Lync Server 2010 qualification testing. Full details of the program are available on the Microsoft UCOIP Website at http://technet.microsoft.com/UCOIP and on www.taas.wipro.com
About Wipro Technologies
Wipro Technologies, the global IT business of Wipro Limited (NYSE:WIT) is a leading Information Technology, Consulting and Outsourcing company, that delivers solutions to enable its clients do business better. Wipro Technologies delivers winning business outcomes through its deep industry experience and a 360 degree view of "Business through Technology" - helping clients create successful and adaptive businesses. A company recognized globally for its comprehensive portfolio of services, a practitioner's approach to delivering innovation and an organization wide commitment to sustainability, Wipro Technologies has 120,000 employees and clients across 54 countries.
For more information, please visit www.wipro.com
Forward-looking and Cautionary Statements
Certain statements in this release concerning our future growth prospects are forward-looking statements, which involve a number of risks, and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding fluctuations in our earnings, revenue and profits, our ability to generate and manage growth, intense competition in IT services, our ability to maintain our cost advantage, wage increases in India, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, restrictions on immigration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks, our ability to successfully complete and integrate potential acquisitions, liability for damages on our service contracts, the success of the companies in which we make strategic investments, withdrawal of fiscal governmental incentives, political instability, war, legal restrictions on raising capital or acquiring companies outside India, unauthorized use of our intellectual property, and general economic conditions affecting our business and industry. Additional risks that could affect our future operating results are more fully described in our filings with the United States Securities and Exchange Commission. These filings are available at www.sec.gov. We may, from time to time, make additional written and oral forward-looking statements, including statements contained in the company's filings with the Securities and Exchange Commission and our reports to shareholders. We do not undertake to update any forward-looking statement that may be made from time to time by us or on our behalf.
Media Contacts
India:
Dirk Lewis
Wipro Technologies
+91- 7760983976
dirk.lewis@wipro.com
US:
Kathleen Ulrich
Wipro Technologies
+1 (732) 509-1337
kathleen.ulrich@wipro.com
UK:
Rahul Kadavakolu
Wipro Technologies
+44 7920205496
rahul.kadavakolu@wipro.com
KEYWORDS
CONSUMER, ECONOMY, 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: WIPRO
Friday, April 29, 2011 07:57 PM IST (02:27 PM GMT)
Editors: General: Consumer interest, Economy; Business: Business services, Information technology; Technology
--------------------------------------------------
Wipro Unveils Lab in Bellevue to Test Unified Communications Solutions
Redmond, United States, Friday, April 29, 2011 -- (Business Wire India) -- Wipro Technologies, the Global Consulting, System Integration and Outsourcing business of Wipro Limited (NYSE: WIT), today unveiled a state-of-the-art testing facility in Bellevue, WA, USA, to provide Microsoft Lync Server 2010 qualification testing services for unified communication products. Wipro's testing facility will provide faster time to market to companies developing telephony infrastructure solutions on Microsoft's Unified Communication platforms.
The product development cycle for telephony infrastructure solutions involves a testing period of 3-4 weeks. Wipro's collaboration with Microsoft and Wipro's testing facility providing both pre-qualification and qualification testing services will help unified communication solution providers speed up product testing by around 50 percent. Wipro's Pre-Qualification Program can help the vendor assess the product's compliance towards the interoperability qualification. Changes required can be identified early on in the product lifecycle allowing quick turnaround for the interoperability qualification.
Wipro's Bellevue testing facility will use Microsoft's well-defined and focused testing procedures to independently test products submitted by manufacturers across the globe. Wipro has been involved in Microsoft Unified Communications Open Interoperability Program for Lync Server 2010 and developed in-depth expertise in areas like PSTN Gateways, IP-PBXs and SIP Trunking.
"Over the past five years, we have been on a journey to transform communications with the power of software," said Warren Barkley, General Manager for Lync at Microsoft. "Lync Server 2010 delivers on this vision by unifying enterprise voice, instant messaging, and web, audio and videoconferencing into a connected communications experience. We value Wipro's tradition and experience in managing qualification programs as well as their infrastructure product testing. We are excited to have Wipro as a UCOIP qualification partner for Lync Server 2010"
"Wipro is happy to announce the launch a new testing lab for unified communication products/solutions. Our collaboration with Microsoft will help Wipro's Testing capabilities reach its zenith," says C. S. Raghavendra, General Manager, Product Engineering Services, Wipro. "The new testing facility supplemented by our offshore testing facility in Hyderabad presents a unique value proposition of round-the-clock productivity making 24x7 testing services a reality. This will help bring down production cycle time for customers developing unified communication solutions."
The testing lab was inaugurated by K.D Singh, Vice President, Wipro Technologies, Kam S. Toor, Sr. Program Manager, Lync Partner Engineering Team, and Kapil Sharma, Principal Group Program Manager, Lync Partner Engineering Team.
New and existing Microsoft UCOIP participating vendors can now start submitting their solutions to Wipro Testing Services for Lync Server 2010 qualification testing. Full details of the program are available on the Microsoft UCOIP Website at http://technet.microsoft.com/UCOIP and on www.taas.wipro.com
About Wipro Technologies
Wipro Technologies, the global IT business of Wipro Limited (NYSE:WIT) is a leading Information Technology, Consulting and Outsourcing company, that delivers solutions to enable its clients do business better. Wipro Technologies delivers winning business outcomes through its deep industry experience and a 360 degree view of "Business through Technology" - helping clients create successful and adaptive businesses. A company recognized globally for its comprehensive portfolio of services, a practitioner's approach to delivering innovation and an organization wide commitment to sustainability, Wipro Technologies has 120,000 employees and clients across 54 countries.
For more information, please visit www.wipro.com
Forward-looking and Cautionary Statements
Certain statements in this release concerning our future growth prospects are forward-looking statements, which involve a number of risks, and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding fluctuations in our earnings, revenue and profits, our ability to generate and manage growth, intense competition in IT services, our ability to maintain our cost advantage, wage increases in India, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, restrictions on immigration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks, our ability to successfully complete and integrate potential acquisitions, liability for damages on our service contracts, the success of the companies in which we make strategic investments, withdrawal of fiscal governmental incentives, political instability, war, legal restrictions on raising capital or acquiring companies outside India, unauthorized use of our intellectual property, and general economic conditions affecting our business and industry. Additional risks that could affect our future operating results are more fully described in our filings with the United States Securities and Exchange Commission. These filings are available at www.sec.gov. We may, from time to time, make additional written and oral forward-looking statements, including statements contained in the company's filings with the Securities and Exchange Commission and our reports to shareholders. We do not undertake to update any forward-looking statement that may be made from time to time by us or on our behalf.
Media Contacts
India:
Dirk Lewis
Wipro Technologies
+91- 7760983976
dirk.lewis@wipro.com
US:
Kathleen Ulrich
Wipro Technologies
+1 (732) 509-1337
kathleen.ulrich@wipro.com
UK:
Rahul Kadavakolu
Wipro Technologies
+44 7920205496
rahul.kadavakolu@wipro.com
KEYWORDS
CONSUMER, ECONOMY, 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: UFLEX Ltd Q4 FY10-11 Net Profit Up 277% at Rs. 181 crore
Press release from Business Wire India
Source: UFLEX Limited
Friday, April 29, 2011 07:00 PM IST (01:30 PM GMT)
Editors: General: Consumer interest, Economy; Business: Agriculture, Banking & financial services, Business services, Financial Analyst, Stock exchanges
--------------------------------------------------
UFLEX Ltd Q4 FY10-11 Net Profit Up 277% at Rs. 181 crore
New Delhi, Delhi, India, Friday, April 29, 2011 -- (Business Wire India) -- --- The Expansion in Mexico to be completed by June, 2011 and produce 30000 TPA of PET film.
--- The first phase of expansion in Egypt to produce 35000TPA of BOPP film commenced operations. Second phase under implementation, to commence by December, 2011 and produce 30000 TPA of PET film and 12000 MTS of CPP film.
--- Announced First Greenfield investment to be made in Poland of $80 million for manufacturing of 30,000 MTs of polyester film to commence operations by June, 2012 and in US of $90 million for manufacturing of 30000 MTS of Polyester film to be commenced by December, 2012
Uflex Ltd, the Bombay Stock Exchange (UFLEX: 500148) and NSE listed, India's largest flexible packaging company closed the financial year ended March 31, 2011 on a strong note registering an exponential growth of 266% increase in its consolidated net profit at Rs. 695 crore as against Rs. 190 crore for the corresponding period last year, on the back of strong demand trends globally and increasing manufacturing capacities across its facilities in Egypt, Mexico, Dubai and India.
Maintaining a consistent record of highest growth by any company in the sector so far in a quarter, Uflex registered a growth of 277% in its consolidated net profit for the fourth quarter ended March 31, 2011 at Rs. 181 crore as against Rs. 48 crore for the same period last year.
The firm's consolidated revenue for the March quarter of 2010-'11 stood at Rs. 947 crore as against Rs. 679 crore for the same quarter last year, up 40 %.
For the Financial Year ended March 31, 2011, UFlex recorded net revenue at Rs.3410 crore compared Rs.2314 crore in the same period in previous fiscal, up by 47%.
According to Mr. Ashok Chaturvedi, Chairman and M.D. of UFLEX Ltd, "Demand for flexible packaging in India is expected to continue to grow sharply and we remain focused on delivering quality products which has translated in to strong financial results and successful long term relationships globally. UFLEX posted strong volume growth in both its Packaging products and Films Businesses, this quarter. Volume in international operations increased and with the commencement of operation of our expansion facilities in India, Mexico & Egypt during the year, we are expecting a further volume growth and Rs 4,500-crore revenue by end-this fiscal".
Expansion Plans
Uflex recently initiated the setting up of a new plant for manufacturing of 30,000 MTs of polyester film at Poland. The company will set up the plant in Wrzesnia in Poland with an investment of $80 million (around Rs 360 crore), which is expected to be operationalised by June 2012.
The Company has recently announced plans to invest Rs 380-crore to set up a polyester films plant in Kentucky, US with an annual capacity of 30,000 metric tonnes. The US facility will start production by December 2012.
In Mexico, the company is implementing expansion of PET film capacity by 30000 TPA which is expected to be completed by June, 2011.
In Egypt, the Company is ramping up production capacities for BOPP films (Bi-axially Oriented Poly Propylene film) to 35,000 TPA; 30000TPA of PET (Polyester) and 12000TPA of CPP films aggregating to total capacity of 77,000 TPA. The company's planned investments in Egypt are pegged at US$ 135 million. This facility has trade pacts with GCC nations, Southern Europe & Africa, Middle East, West Asia and CIS to access larger markets.
The first phase of this expansion involving added capacities in BOPP films has already commenced operations, while the second phase of setting up facilities for PET and CPP films is expected to be completed by the 3rd quarter of FY 2011-12.
With plans of new manufacturing lines and corresponding investments UFLEX is all set to achieve the next milestone of touching the $1 billion revenue mark by FY 2012 - the first company in the flexible packaging sector in India to achieve this milestone.
Uflex's present strong manufacturing base in India, Mexico, Dubai and Egypt caters to global markets spanning USA, Canada, South America, UK, Europe, Russia, CIS countries, South Africa and other African countries, the Middle East and the South Asian Countries.
Uflex is the only integrated unit of its kind in the world with flexible packaging at its core. It has vast capacities for production of Polyester chips, Biaxially Oriented Polyethylene Teraphthalate (BOPET) and Biaxially Oriented Polypropylene (BOPP) films, Printing & Coating Inks, facilities for Holography, Metalization & PVDC coating, making Gravure Printing Cylinders & Flexo Printing plates, Gravure Printing, Lamination and Pouch formation.
The company's partial client list includes Unilever, Pepsi, Wrigley, Procter & Gamble, Colgate, Palmolive, Nestle, Gillette, Ranbaxy, Perfetti, Joyco, Monsanto, ITC, Godrej Pillsbury, Tata Tea, Hindustan Petroleum, Indian Oil, Britannia, Dabur, Haldiram, Wockhardt, HUL, Parle Biscuit, and Birla 3M, among others.
About UFLEX Ltd
UFLEX Ltd is the Bombay Stock Exchange (UFLEX: 500148) and NSE listed India's largest flexible packaging company with large manufacturing capacities of plastic film and packaging products providing end-to-end solutions to clients across more than 108 countries.
Synonymous with flexible packaging industry in the country, UFLEX group has Gross annual revenue of Rs. 47 billion and Gross Capital Investment across the world of about Rs. 32 billion.
UFLEX offers finished packaging of a wide variety of products such as snack foods, candy and confectionery, sugar, rice & other cereals, beverages, tea & coffee, desert mixes, noodles, wheat flour, soaps and detergents, shampoos & conditioners, vegetable oil, spices, marinates & pastes, cheese & dairy products, frozen food, sea food, meat, anti-fog, pet food, pharmaceuticals, contraceptives, garden fertilizers and plant nutrients, motor oil and lubricants, automotive and engineering components etc.
CONTACT DETAILS
T. Anand Mahesh, Mavcomm Consulting Pvt. Ltd., +919350266285, anand@mavcommgroup.com
Neeraj Atri, Mavcomm Consulting Pvt. Ltd., +919811714871, n.atri@mavcommgroup.com
KEYWORDS
CONSUMER, ECONOMY, AGRICULTURE, BANKING, BUSINESS SERVICES, Financial Analyst, 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: UFLEX Limited
Friday, April 29, 2011 07:00 PM IST (01:30 PM GMT)
Editors: General: Consumer interest, Economy; Business: Agriculture, Banking & financial services, Business services, Financial Analyst, Stock exchanges
--------------------------------------------------
UFLEX Ltd Q4 FY10-11 Net Profit Up 277% at Rs. 181 crore
New Delhi, Delhi, India, Friday, April 29, 2011 -- (Business Wire India) -- --- The Expansion in Mexico to be completed by June, 2011 and produce 30000 TPA of PET film.
--- The first phase of expansion in Egypt to produce 35000TPA of BOPP film commenced operations. Second phase under implementation, to commence by December, 2011 and produce 30000 TPA of PET film and 12000 MTS of CPP film.
--- Announced First Greenfield investment to be made in Poland of $80 million for manufacturing of 30,000 MTs of polyester film to commence operations by June, 2012 and in US of $90 million for manufacturing of 30000 MTS of Polyester film to be commenced by December, 2012
Uflex Ltd, the Bombay Stock Exchange (UFLEX: 500148) and NSE listed, India's largest flexible packaging company closed the financial year ended March 31, 2011 on a strong note registering an exponential growth of 266% increase in its consolidated net profit at Rs. 695 crore as against Rs. 190 crore for the corresponding period last year, on the back of strong demand trends globally and increasing manufacturing capacities across its facilities in Egypt, Mexico, Dubai and India.
Maintaining a consistent record of highest growth by any company in the sector so far in a quarter, Uflex registered a growth of 277% in its consolidated net profit for the fourth quarter ended March 31, 2011 at Rs. 181 crore as against Rs. 48 crore for the same period last year.
The firm's consolidated revenue for the March quarter of 2010-'11 stood at Rs. 947 crore as against Rs. 679 crore for the same quarter last year, up 40 %.
For the Financial Year ended March 31, 2011, UFlex recorded net revenue at Rs.3410 crore compared Rs.2314 crore in the same period in previous fiscal, up by 47%.
According to Mr. Ashok Chaturvedi, Chairman and M.D. of UFLEX Ltd, "Demand for flexible packaging in India is expected to continue to grow sharply and we remain focused on delivering quality products which has translated in to strong financial results and successful long term relationships globally. UFLEX posted strong volume growth in both its Packaging products and Films Businesses, this quarter. Volume in international operations increased and with the commencement of operation of our expansion facilities in India, Mexico & Egypt during the year, we are expecting a further volume growth and Rs 4,500-crore revenue by end-this fiscal".
Expansion Plans
Uflex recently initiated the setting up of a new plant for manufacturing of 30,000 MTs of polyester film at Poland. The company will set up the plant in Wrzesnia in Poland with an investment of $80 million (around Rs 360 crore), which is expected to be operationalised by June 2012.
The Company has recently announced plans to invest Rs 380-crore to set up a polyester films plant in Kentucky, US with an annual capacity of 30,000 metric tonnes. The US facility will start production by December 2012.
In Mexico, the company is implementing expansion of PET film capacity by 30000 TPA which is expected to be completed by June, 2011.
In Egypt, the Company is ramping up production capacities for BOPP films (Bi-axially Oriented Poly Propylene film) to 35,000 TPA; 30000TPA of PET (Polyester) and 12000TPA of CPP films aggregating to total capacity of 77,000 TPA. The company's planned investments in Egypt are pegged at US$ 135 million. This facility has trade pacts with GCC nations, Southern Europe & Africa, Middle East, West Asia and CIS to access larger markets.
The first phase of this expansion involving added capacities in BOPP films has already commenced operations, while the second phase of setting up facilities for PET and CPP films is expected to be completed by the 3rd quarter of FY 2011-12.
With plans of new manufacturing lines and corresponding investments UFLEX is all set to achieve the next milestone of touching the $1 billion revenue mark by FY 2012 - the first company in the flexible packaging sector in India to achieve this milestone.
Uflex's present strong manufacturing base in India, Mexico, Dubai and Egypt caters to global markets spanning USA, Canada, South America, UK, Europe, Russia, CIS countries, South Africa and other African countries, the Middle East and the South Asian Countries.
Uflex is the only integrated unit of its kind in the world with flexible packaging at its core. It has vast capacities for production of Polyester chips, Biaxially Oriented Polyethylene Teraphthalate (BOPET) and Biaxially Oriented Polypropylene (BOPP) films, Printing & Coating Inks, facilities for Holography, Metalization & PVDC coating, making Gravure Printing Cylinders & Flexo Printing plates, Gravure Printing, Lamination and Pouch formation.
The company's partial client list includes Unilever, Pepsi, Wrigley, Procter & Gamble, Colgate, Palmolive, Nestle, Gillette, Ranbaxy, Perfetti, Joyco, Monsanto, ITC, Godrej Pillsbury, Tata Tea, Hindustan Petroleum, Indian Oil, Britannia, Dabur, Haldiram, Wockhardt, HUL, Parle Biscuit, and Birla 3M, among others.
About UFLEX Ltd
UFLEX Ltd is the Bombay Stock Exchange (UFLEX: 500148) and NSE listed India's largest flexible packaging company with large manufacturing capacities of plastic film and packaging products providing end-to-end solutions to clients across more than 108 countries.
Synonymous with flexible packaging industry in the country, UFLEX group has Gross annual revenue of Rs. 47 billion and Gross Capital Investment across the world of about Rs. 32 billion.
UFLEX offers finished packaging of a wide variety of products such as snack foods, candy and confectionery, sugar, rice & other cereals, beverages, tea & coffee, desert mixes, noodles, wheat flour, soaps and detergents, shampoos & conditioners, vegetable oil, spices, marinates & pastes, cheese & dairy products, frozen food, sea food, meat, anti-fog, pet food, pharmaceuticals, contraceptives, garden fertilizers and plant nutrients, motor oil and lubricants, automotive and engineering components etc.
CONTACT DETAILS
T. Anand Mahesh, Mavcomm Consulting Pvt. Ltd., +919350266285, anand@mavcommgroup.com
Neeraj Atri, Mavcomm Consulting Pvt. Ltd., +919811714871, n.atri@mavcommgroup.com
KEYWORDS
CONSUMER, ECONOMY, AGRICULTURE, BANKING, BUSINESS SERVICES, Financial Analyst, 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
BWI: International Meet on Fire, Safety, Security Kicked off in Delhi Today
Press release from Business Wire India
Source: Greentech Foundation
Friday, April 29, 2011 04:40 PM IST (11:10 AM GMT)
Editors: General: Consumer interest, People; Business: Advertising, PR & marketing, Business services, Defence & security, Information technology, Media & entertainment; Technology
--------------------------------------------------
International Meet on Fire, Safety, Security Kicked off in Delhi Today
New Delhi, Delhi, India, Friday, April 29, 2011 -- (Business Wire India) -- - New technologies introduced bring in new threats. Prediction and Preparedness is the best way to handle safety and security threats: Bhaskar Chatterjee, Secretary, Department Of Public Enterprises, Government of India
- Encourage Safety Research, safety professionals participating in the conference urged various governments
Introduction of every new technology together it brings in new threats. Computers brought viruses, malware. Compact Discs (CDs) corruption of data storied in it, oil rigs spillage, ships sink when come close to harbour. So there is no area which is threat free.
Preparedness to handle threats is the best way to ensure safety at work place. Workplace environment is changing much faster than anticipated. Who knew Nuclear power plants can pose threats like Chernobyl Disaster. Even after the quarter century since the world's worst nuclear disaster at Chernobyl in Ukraine happened, fears of safety of atomic energy are looming large across the world. And now comes Fukushima Nuclear Accident said Mr. Bhaskar Chatterjee, Secretary, Department Of Public Enterprises, Government of India while delivering his keynote address at the inauguration of the Greentech's international meet on fire, safety and security in Shangri-la's Eros Hotel in New Delhi today.
And added that along with the advancing technology we inherit advancing threats. It is better to prepare, then control, combat and neutralize the threats. And he asked safety professionals to stand united to address the safety issues to make work places safer than ever before. Mr. Chatterjee also unveiled the book which is the compilation of all the papers submitted by the speakers and participants.
The two day conference is organized by New Delhi based NGO, Greentech Foundation and supported by Department of Public Enterprises, Ministry of Heavy Industries and Public Enterprises, Government of India. The theme of the conference is "Best Practices at Work Places". Many practioners and policy makers from across the globe will be discussing today and tomorrow subjects as wide ranging as inclusive work environment, group coaching for employees on safety, behaviour based safety, risk assessment, work stress management, hazards identification, slips, trips and falls prevention, contractor safety, fire detection and alarm systems.
Some of the speakers who deliberate during these two days include Ms. Erika Walker Thomas, President and CEO of The walker Thomas Group, USA; Mr. Ozgur Bozoglu, Public Safety Consultant from Turkey and Mr. Tay Hao Giang, Fire Engineering Consultant from Fire Safety Engineering, Malaysia.
Earlier addressing the gathering President of Greentech Foundation, Mr. Kamaleshwar Sharan said "accidents bring tears and safety brings cheers" and added that the meet will help improve its participants understanding about the fire, safety and security challenges of the world. And he gave a clarion call to safety professionals "better to prepare and prevent rather than repair and regret"
The participants who deliberated felt that the Government must encourage Safety Research, which is not at all heard in the country. Also suggested that adequate budget must be allocated for the purpose. We talk about safety when accidents, mishaps happen. And we forget it immediately, till one more accident happens. So better prevent than cry over the accident was the unified opinion of all the participants.
At the end of event, the organiser Greentech Foundation will submit recommendations of participants to the various governmental agencies for the necessary action.
During the event awards will be presented to companies who excelled in work safety and security.
For more information please visit http://www.greentech.org
CONTACT DETAILS
D.Ramchandram, Greentech Foundation, +91 9848042020, solusmedia@gmail.com
KEYWORDS
CONSUMER, PEOPLE, MARKETING, BUSINESS SERVICES, DEFENCE, IT, MEDIA, TECHNOLOGY
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Source: Greentech Foundation
Friday, April 29, 2011 04:40 PM IST (11:10 AM GMT)
Editors: General: Consumer interest, People; Business: Advertising, PR & marketing, Business services, Defence & security, Information technology, Media & entertainment; Technology
--------------------------------------------------
International Meet on Fire, Safety, Security Kicked off in Delhi Today
New Delhi, Delhi, India, Friday, April 29, 2011 -- (Business Wire India) -- - New technologies introduced bring in new threats. Prediction and Preparedness is the best way to handle safety and security threats: Bhaskar Chatterjee, Secretary, Department Of Public Enterprises, Government of India
- Encourage Safety Research, safety professionals participating in the conference urged various governments
Introduction of every new technology together it brings in new threats. Computers brought viruses, malware. Compact Discs (CDs) corruption of data storied in it, oil rigs spillage, ships sink when come close to harbour. So there is no area which is threat free.
Preparedness to handle threats is the best way to ensure safety at work place. Workplace environment is changing much faster than anticipated. Who knew Nuclear power plants can pose threats like Chernobyl Disaster. Even after the quarter century since the world's worst nuclear disaster at Chernobyl in Ukraine happened, fears of safety of atomic energy are looming large across the world. And now comes Fukushima Nuclear Accident said Mr. Bhaskar Chatterjee, Secretary, Department Of Public Enterprises, Government of India while delivering his keynote address at the inauguration of the Greentech's international meet on fire, safety and security in Shangri-la's Eros Hotel in New Delhi today.
And added that along with the advancing technology we inherit advancing threats. It is better to prepare, then control, combat and neutralize the threats. And he asked safety professionals to stand united to address the safety issues to make work places safer than ever before. Mr. Chatterjee also unveiled the book which is the compilation of all the papers submitted by the speakers and participants.
The two day conference is organized by New Delhi based NGO, Greentech Foundation and supported by Department of Public Enterprises, Ministry of Heavy Industries and Public Enterprises, Government of India. The theme of the conference is "Best Practices at Work Places". Many practioners and policy makers from across the globe will be discussing today and tomorrow subjects as wide ranging as inclusive work environment, group coaching for employees on safety, behaviour based safety, risk assessment, work stress management, hazards identification, slips, trips and falls prevention, contractor safety, fire detection and alarm systems.
Some of the speakers who deliberate during these two days include Ms. Erika Walker Thomas, President and CEO of The walker Thomas Group, USA; Mr. Ozgur Bozoglu, Public Safety Consultant from Turkey and Mr. Tay Hao Giang, Fire Engineering Consultant from Fire Safety Engineering, Malaysia.
Earlier addressing the gathering President of Greentech Foundation, Mr. Kamaleshwar Sharan said "accidents bring tears and safety brings cheers" and added that the meet will help improve its participants understanding about the fire, safety and security challenges of the world. And he gave a clarion call to safety professionals "better to prepare and prevent rather than repair and regret"
The participants who deliberated felt that the Government must encourage Safety Research, which is not at all heard in the country. Also suggested that adequate budget must be allocated for the purpose. We talk about safety when accidents, mishaps happen. And we forget it immediately, till one more accident happens. So better prevent than cry over the accident was the unified opinion of all the participants.
At the end of event, the organiser Greentech Foundation will submit recommendations of participants to the various governmental agencies for the necessary action.
During the event awards will be presented to companies who excelled in work safety and security.
For more information please visit http://www.greentech.org
CONTACT DETAILS
D.Ramchandram, Greentech Foundation, +91 9848042020, solusmedia@gmail.com
KEYWORDS
CONSUMER, PEOPLE, MARKETING, BUSINESS SERVICES, DEFENCE, IT, MEDIA, TECHNOLOGY
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BWI: Wave Inc Launches NCR’s Largest Integrated City Development – “Wave City” in Ghaziabad
Press release from Business Wire India
Source: Wave Inc.
Friday, April 29, 2011 04:36 PM IST (11:06 AM GMT)
Editors: General: Consumer interest; Business: Advertising, PR & marketing, Business services, Construction, Real estate
--------------------------------------------------
Wave Inc Launches NCR's Largest Integrated City Development - "Wave City" in Ghaziabad
New Delhi, Delhi, India, Friday, April 29, 2011 -- (Business Wire India) -- . Wave City is being developed in 4,500 acres
. The first phase will involve developing 1,671 acres of the project. The entire city will span across an area of 4,500 acres and is envisaged to be completed in 60 months.
Wave Inc., the erstwhile Chadha Group, today launched Wave City, Ghaziabad. This self sustainable integrated township is situated on NH 24, Ghaziabad, one of the most happening real estate destinations in Delhi NCR. One of the largest integrated city developments happening in the NCR region, Wave City is being developed in 4,500 acres.
"We are happy to announce a township that will potentially change the dynamics of real estate in Delhi NCR. We assure people that we will deliver the dream homes within the promised time period. It is an opportunity for the people to get attached with the development that will give them lifestyle of the highest order. We have proved our excellence and set benchmarks in the past with Wave Cinemas - that changed the way people enjoy movies; and malls that brought world-class shopping experience to Indian households. In residential too we want to maintain this image of providing lifestyle that people haven't experienced before," says Manpreet Singh Chadha, Director, Wave Inc.
With this development Wave Inc is set to achieve a new milestone in real estate industry. Equipped with all the modern infrastructure and lifestyle facilities, the first phase will involve developing 1,671 acres of the project. The first phase is envisaged to be completed in 30 months and each phase of development will be done in blocks of 30 months each. The entire city will span across an area of 4,500 acres and is envisaged to be completed in 60 months.
"NH 24 is witnessing a huge real estate movement and the areas near it have evolved over the years. Our township is the largest development on this stretch and will rewrite the rules of great projects. This integrated city aimed at addressing the housing demand in the middle income segment and will offer all the infrastructure facilities and lifestyle amenities that a person aspires to see in his neighborhood," says RK Jain, Executive Director, Wave City.
In the first phase, the company will develop 1,671 acres of land consisting of approx 7,500 plots which would house plotted development, row - housing, built-up floors, bunglows. In addition to this, the first phase will have approx. 1.7 crore sq. ft. of group housing schemes consisting of built-up flats starting from 900 sq. ft. area to 3,000 sq. ft. area.. The overall development in this phase will also have commercial complexes, hospitals, dispensary, schools and IT/ITeS spaces, industrial spaces (non-polluting) and dedicated green areas. The entire city will be environment friendly.
Some of the USP facilities to be provided at Wave City are proposed mechanised cleaning & sweeping, closed loop city Mass Rapid Transport system, approx. 2 acre park for a population of every 400 people and a lake spanning 3 acres (The Central city park for the first phase of the project will be of 51 acres.), and minimum 12 metre wide road network and in certain areas with 18 metre, 24 metre, 45 metre and 60 metres depending upon the built-up area and population concentration throughout - the widest road network within the city limits anywhere in India.
About Wave Inc.:
Wave Inc. (the erstwhile Chadha Group) is a diversified group with business interests spanning sugar manufacturing; distilleries; paper manufacturing; malls - development & operations; multiplexes - development & operations; liquor retail management and Coca Cola bottling plants. The Group's other prominent residential projects under construction include WaveGreens, Moradabad; Wave Lakewoods, Hyderabad; and Fairlakes, Mohali. Some of the big ticket commercial real estate projects that Wave Inc is developing in the business district of Noida for office and retail space include Wave One and Wave eleven in Sector 18, Noida.
To view the photograph, please click on the link given below:
Wave City Photograph
For picture(s)/data to illustrate this release click below:
http://www.BusinessWireIndia.com/attachments/Pic(126).jpg
Pic(126).jpg
CONTACT DETAILS
Neeraj Atri, Mavcomm Consulting Pvt. Ltd., +91 9811714871, n.atri@mavcommgroup.com
Amir Hashmi, Mavcomm Consulting Pvt. Ltd., +91 9911190972, amir.hashmi@mavcommgroup.com
Amit Jha, Mavcomm Consulting Pvt. Ltd., +91 9312883594, ajha@mavcommgroup.com
KEYWORDS
CONSUMER, MARKETING, BUSINESS SERVICES, 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.
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Source: Wave Inc.
Friday, April 29, 2011 04:36 PM IST (11:06 AM GMT)
Editors: General: Consumer interest; Business: Advertising, PR & marketing, Business services, Construction, Real estate
--------------------------------------------------
Wave Inc Launches NCR's Largest Integrated City Development - "Wave City" in Ghaziabad
New Delhi, Delhi, India, Friday, April 29, 2011 -- (Business Wire India) -- . Wave City is being developed in 4,500 acres
. The first phase will involve developing 1,671 acres of the project. The entire city will span across an area of 4,500 acres and is envisaged to be completed in 60 months.
Wave Inc., the erstwhile Chadha Group, today launched Wave City, Ghaziabad. This self sustainable integrated township is situated on NH 24, Ghaziabad, one of the most happening real estate destinations in Delhi NCR. One of the largest integrated city developments happening in the NCR region, Wave City is being developed in 4,500 acres.
"We are happy to announce a township that will potentially change the dynamics of real estate in Delhi NCR. We assure people that we will deliver the dream homes within the promised time period. It is an opportunity for the people to get attached with the development that will give them lifestyle of the highest order. We have proved our excellence and set benchmarks in the past with Wave Cinemas - that changed the way people enjoy movies; and malls that brought world-class shopping experience to Indian households. In residential too we want to maintain this image of providing lifestyle that people haven't experienced before," says Manpreet Singh Chadha, Director, Wave Inc.
With this development Wave Inc is set to achieve a new milestone in real estate industry. Equipped with all the modern infrastructure and lifestyle facilities, the first phase will involve developing 1,671 acres of the project. The first phase is envisaged to be completed in 30 months and each phase of development will be done in blocks of 30 months each. The entire city will span across an area of 4,500 acres and is envisaged to be completed in 60 months.
"NH 24 is witnessing a huge real estate movement and the areas near it have evolved over the years. Our township is the largest development on this stretch and will rewrite the rules of great projects. This integrated city aimed at addressing the housing demand in the middle income segment and will offer all the infrastructure facilities and lifestyle amenities that a person aspires to see in his neighborhood," says RK Jain, Executive Director, Wave City.
In the first phase, the company will develop 1,671 acres of land consisting of approx 7,500 plots which would house plotted development, row - housing, built-up floors, bunglows. In addition to this, the first phase will have approx. 1.7 crore sq. ft. of group housing schemes consisting of built-up flats starting from 900 sq. ft. area to 3,000 sq. ft. area.. The overall development in this phase will also have commercial complexes, hospitals, dispensary, schools and IT/ITeS spaces, industrial spaces (non-polluting) and dedicated green areas. The entire city will be environment friendly.
Some of the USP facilities to be provided at Wave City are proposed mechanised cleaning & sweeping, closed loop city Mass Rapid Transport system, approx. 2 acre park for a population of every 400 people and a lake spanning 3 acres (The Central city park for the first phase of the project will be of 51 acres.), and minimum 12 metre wide road network and in certain areas with 18 metre, 24 metre, 45 metre and 60 metres depending upon the built-up area and population concentration throughout - the widest road network within the city limits anywhere in India.
About Wave Inc.:
Wave Inc. (the erstwhile Chadha Group) is a diversified group with business interests spanning sugar manufacturing; distilleries; paper manufacturing; malls - development & operations; multiplexes - development & operations; liquor retail management and Coca Cola bottling plants. The Group's other prominent residential projects under construction include WaveGreens, Moradabad; Wave Lakewoods, Hyderabad; and Fairlakes, Mohali. Some of the big ticket commercial real estate projects that Wave Inc is developing in the business district of Noida for office and retail space include Wave One and Wave eleven in Sector 18, Noida.
To view the photograph, please click on the link given below:
Wave City Photograph
For picture(s)/data to illustrate this release click below:
http://www.BusinessWireIndia.com/attachments/Pic(126).jpg
Pic(126).jpg
CONTACT DETAILS
Neeraj Atri, Mavcomm Consulting Pvt. Ltd., +91 9811714871, n.atri@mavcommgroup.com
Amir Hashmi, Mavcomm Consulting Pvt. Ltd., +91 9911190972, amir.hashmi@mavcommgroup.com
Amit Jha, Mavcomm Consulting Pvt. Ltd., +91 9312883594, ajha@mavcommgroup.com
KEYWORDS
CONSUMER, MARKETING, BUSINESS SERVICES, 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: All in One – New Universal Metal Detector Head
Press release from Business Wire India
Source: S+S Separation and Sorting Technology GmbH
Friday, April 29, 2011 04:22 PM IST (10:52 AM GMT)
Editors: General: Consumer interest, Food & drink; Business: Business services, Heavy industries, Media & entertainment; Technology
--------------------------------------------------
All in One - New Universal Metal Detector Head
Sanitary Design for the Packaging and Food Industry
Schönberg, Germany, Friday, April 29, 2011 -- (Business Wire India) -- In hall 13, stand A90, at this year's Interpack exhibition, the Bavarian company S+S Separation and Sorting Technology GmbH will launch the new SOLUTOR-HF metal detector head with improved stainless steel sensitivity, a high quality, sanitary design housing and virtually universal application in food and packaging lines.
The sealed, rectangular SOLUTOR-HF head detects all magnetic and non-magnetic metal contaminants (steel, stainless steel, aluminium, ...) even when enclosed in the product. Excellent metal sensitivity is guaranteed throughout the complete inspection tunnel area. Compared with other brands, S+S has specifically improved the sensitivity to stainless steel in the SOLUTOR-HF, offering, as standard, three operating frequencies (low, medium, high) thus increasing its suitability for use in packaging and food industry applications.
S+S has designed the new head with a heavier and larger housing which provides additional stability and rigidity. The smooth, surface finish with integrated, sealed control unit meets the demanding requirements of the food industry for hygiene and cleaning.
Franz Penn, S+S Food Industry Product Manager, comments; "Our objective is to provide premium metal detectors of the highest quality. We do this by concentrating on in house production with a specific emphasis on reliability and quality components. The new SOLUTOR-HF therefore is 'Made in Germany', predominantly 'Made in Bavaria'."
S+S - an overview
S+S Separation and Sorting Technology GmbH of Schönberg, Bavaria, manufactures machines and systems for the detection/separation of contaminants, for product inspection, and for the sorting of material flows. Product sales primarily focus on the food, plastics, chemical, pharmaceutical, wood, textile, and recycling industries. S+S is one of the world's leading suppliers with subsidiaries in Great Britain, France, China, Singapore, and in the USA, a representative office in India, and more than 40 agencies all over the world. The main factory in Schönberg presently employs 250 people. 2010 sales exceeded 30M euro.
CONTACT DETAILS
Brigitte Rothkopf, S+S Separation and Sorting Technology GmbH, +49-(0)8554-308 274, brigitte.rothkopf@se-so-tec.com
KEYWORDS
CONSUMER, FOOD, BUSINESS SERVICES, HEAVY INDUSTRIES, MEDIA, 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: S+S Separation and Sorting Technology GmbH
Friday, April 29, 2011 04:22 PM IST (10:52 AM GMT)
Editors: General: Consumer interest, Food & drink; Business: Business services, Heavy industries, Media & entertainment; Technology
--------------------------------------------------
All in One - New Universal Metal Detector Head
Sanitary Design for the Packaging and Food Industry
Schönberg, Germany, Friday, April 29, 2011 -- (Business Wire India) -- In hall 13, stand A90, at this year's Interpack exhibition, the Bavarian company S+S Separation and Sorting Technology GmbH will launch the new SOLUTOR-HF metal detector head with improved stainless steel sensitivity, a high quality, sanitary design housing and virtually universal application in food and packaging lines.
The sealed, rectangular SOLUTOR-HF head detects all magnetic and non-magnetic metal contaminants (steel, stainless steel, aluminium, ...) even when enclosed in the product. Excellent metal sensitivity is guaranteed throughout the complete inspection tunnel area. Compared with other brands, S+S has specifically improved the sensitivity to stainless steel in the SOLUTOR-HF, offering, as standard, three operating frequencies (low, medium, high) thus increasing its suitability for use in packaging and food industry applications.
S+S has designed the new head with a heavier and larger housing which provides additional stability and rigidity. The smooth, surface finish with integrated, sealed control unit meets the demanding requirements of the food industry for hygiene and cleaning.
Franz Penn, S+S Food Industry Product Manager, comments; "Our objective is to provide premium metal detectors of the highest quality. We do this by concentrating on in house production with a specific emphasis on reliability and quality components. The new SOLUTOR-HF therefore is 'Made in Germany', predominantly 'Made in Bavaria'."
S+S - an overview
S+S Separation and Sorting Technology GmbH of Schönberg, Bavaria, manufactures machines and systems for the detection/separation of contaminants, for product inspection, and for the sorting of material flows. Product sales primarily focus on the food, plastics, chemical, pharmaceutical, wood, textile, and recycling industries. S+S is one of the world's leading suppliers with subsidiaries in Great Britain, France, China, Singapore, and in the USA, a representative office in India, and more than 40 agencies all over the world. The main factory in Schönberg presently employs 250 people. 2010 sales exceeded 30M euro.
CONTACT DETAILS
Brigitte Rothkopf, S+S Separation and Sorting Technology GmbH, +49-(0)8554-308 274, brigitte.rothkopf@se-so-tec.com
KEYWORDS
CONSUMER, FOOD, BUSINESS SERVICES, HEAVY INDUSTRIES, MEDIA, 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: S+S Product Inspection 'Made in Bavaria'
Press release from Business Wire India
Source: S+S Separation and Sorting Technology GmbH
Friday, April 29, 2011 04:14 PM IST (10:44 AM GMT)
Editors: General: Consumer interest, Food & drink; Business: Business services, Heavy industries, Media & entertainment; Technology
--------------------------------------------------
S+S Product Inspection 'Made in Bavaria'
Premium Quality X-ray System for the Packaging and Food Industry
Schönberg, Germany, Friday, April 29, 2011 -- (Business Wire India) -- At this year's Interpack exhibition, S+S Separation and Sorting Technology GmbH of Bavaria, Hall 13, Stand 13A90, will launch the new, totally revised Raycon product inspection system. In redesigning the RAYCON concept S+S focused on sophisticated, proven X-ray technology and on components manufactured in house and from local suppliers. This ensures that Raycon X-ray systems meet the high quality demanded by food and packaging industry users. The addition of the S+S proven, modular conveyor belt systems means complete flexibility for the huge variation of products and applications.
S+S RAYCON product inspection system will consistently and precisely detect a multitude of contaminants such as magnetic and non-magnetic metals, glass, ceramics, stones, raw bones, and some types of plastics, even when products are packaged in aluminium or other metallic foils. RAYCON will also inspect for other product defects eg broken, deformed or missing products, product clumps, air inclusions, and even over and underweights.
The latest generation RAYCON is absolutely state-of-the-art in terms of detection capability,, radiation protection, and equipment safety. When properly used the X-ray scanner is absolutely safe for operators and for products. Radiation emissions are negligible many times lower than the statutory limits. EU directive 1999/2/EC explicitly allows X-ray systems for contaminant inspection even for organic food. Generally any reservations that did exist are a thing of the past now that X-ray technology is widely applied in the food industry. The additional benefits that innovative X-ray technology offers more than justify the expense involved in both acquisition and operation.
Franz Penn, S+S Food Industry Product Manager in support of the company's achievement says "Our objective is to provide a premium X-ray system of the highest quality. We can only do this by producing the system ourselves, and by carefully selecting reliable and premium quality components from suppliers. The new S+S RAYCON is not only 'Made in Germany', but predominantly 'Made in Bavaria'."
S+S - an overview
S+S Separation and Sorting Technology GmbH of Schönberg, Bavaria, manufactures machines and systems for the detection/separation of contaminants, for product inspection, and for the sorting of material flows. Product sales primarily focus on the food, plastics, chemical, pharmaceutical, wood, textile, and recycling industries. S+S is one of the world's leading suppliers with subsidiaries in Great Britain, France, China, Singapore, and in the USA, a representative office in India, and more than 40 agencies all over the world. The main factory in Schönberg presently employs 250 people. Turnover in 2010 amounted to Euro 30 million.
CONTACT DETAILS
Brigitte Rothkopf, S+S Separation and Sorting Technology GmbH, +49-(0)8554-308 274, brigitte.rothkopf@se-so-tec.com
KEYWORDS
CONSUMER, FOOD, BUSINESS SERVICES, HEAVY INDUSTRIES, MEDIA, 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: S+S Separation and Sorting Technology GmbH
Friday, April 29, 2011 04:14 PM IST (10:44 AM GMT)
Editors: General: Consumer interest, Food & drink; Business: Business services, Heavy industries, Media & entertainment; Technology
--------------------------------------------------
S+S Product Inspection 'Made in Bavaria'
Premium Quality X-ray System for the Packaging and Food Industry
Schönberg, Germany, Friday, April 29, 2011 -- (Business Wire India) -- At this year's Interpack exhibition, S+S Separation and Sorting Technology GmbH of Bavaria, Hall 13, Stand 13A90, will launch the new, totally revised Raycon product inspection system. In redesigning the RAYCON concept S+S focused on sophisticated, proven X-ray technology and on components manufactured in house and from local suppliers. This ensures that Raycon X-ray systems meet the high quality demanded by food and packaging industry users. The addition of the S+S proven, modular conveyor belt systems means complete flexibility for the huge variation of products and applications.
S+S RAYCON product inspection system will consistently and precisely detect a multitude of contaminants such as magnetic and non-magnetic metals, glass, ceramics, stones, raw bones, and some types of plastics, even when products are packaged in aluminium or other metallic foils. RAYCON will also inspect for other product defects eg broken, deformed or missing products, product clumps, air inclusions, and even over and underweights.
The latest generation RAYCON is absolutely state-of-the-art in terms of detection capability,, radiation protection, and equipment safety. When properly used the X-ray scanner is absolutely safe for operators and for products. Radiation emissions are negligible many times lower than the statutory limits. EU directive 1999/2/EC explicitly allows X-ray systems for contaminant inspection even for organic food. Generally any reservations that did exist are a thing of the past now that X-ray technology is widely applied in the food industry. The additional benefits that innovative X-ray technology offers more than justify the expense involved in both acquisition and operation.
Franz Penn, S+S Food Industry Product Manager in support of the company's achievement says "Our objective is to provide a premium X-ray system of the highest quality. We can only do this by producing the system ourselves, and by carefully selecting reliable and premium quality components from suppliers. The new S+S RAYCON is not only 'Made in Germany', but predominantly 'Made in Bavaria'."
S+S - an overview
S+S Separation and Sorting Technology GmbH of Schönberg, Bavaria, manufactures machines and systems for the detection/separation of contaminants, for product inspection, and for the sorting of material flows. Product sales primarily focus on the food, plastics, chemical, pharmaceutical, wood, textile, and recycling industries. S+S is one of the world's leading suppliers with subsidiaries in Great Britain, France, China, Singapore, and in the USA, a representative office in India, and more than 40 agencies all over the world. The main factory in Schönberg presently employs 250 people. Turnover in 2010 amounted to Euro 30 million.
CONTACT DETAILS
Brigitte Rothkopf, S+S Separation and Sorting Technology GmbH, +49-(0)8554-308 274, brigitte.rothkopf@se-so-tec.com
KEYWORDS
CONSUMER, FOOD, BUSINESS SERVICES, HEAVY INDUSTRIES, MEDIA, 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: S+S Metal Detection Systems Guarantee Cost Effective and Safe Plastics Recycling
Press release from Business Wire India
Source: S+S Separation and Sorting Technology GmbH
Friday, April 29, 2011 04:05 PM IST (10:35 AM GMT)
Editors: General: Consumer interest, Food & drink; Business: Business services, Heavy industries, Media & entertainment; Technology
--------------------------------------------------
S+S Metal Detection Systems Guarantee Cost Effective and Safe Plastics Recycling
Schönberg, Germany, Friday, April 29, 2011 -- (Business Wire India) -- The plastics industry continues to struggle with rapidly rising raw material prices. As a result there is an increased pressure to use recycled material for which waste and rejected plastics are very well suited for reuse in many production processes. This, however, demands proper recycling of the original plastic materials to produce secondary raw materials of appropriate quality.
The processing of recycled plastics starts with size reduction but recycled product can still contain metal contaminants which must be removed to prevent damage to downstream processing equipment as well as ensure a quality recycled product. S+S metal detectors will detect magnetic and non-magnetic metal contaminants, wherever they are in the product, and prevent such damage. S+S metal detectors and separators are used both for in-house recycling and in specialised recycling plants. By removing metal they both enhance product quality and reduce the costs associated with machinery damage and factory downtime.
S+S tunnel or single face detector can be fitted to customer supplied conveyors but in order to ensure the best performance possible S+S has introduced the PLASTICON series of conveyor belt systems. These are used upstream of the size reduction equipment (eg shedder or granulator) and to guarantee the best sensitivity PLASTICON systems are made to comply with the needs of the latest metal detection technology. The robust construction will also cope with the rigorous demands and conditions found in recycling plants. PLASTICON conveyor belts are height-adjustable at both ends for maximum flexibility.
Whether for in house rejects or recycled waste plastics the process is the same and feedstock is shredded or reground before being added back into the production cycle. PLASTICON systems will ensure that dangerous, unwanted metal does not re-enter production. In addition to make sure that any metal contaminants that may be generated during regrind due to wear or damaged blades, further S+S detectors and magnets can be fitted after the size reduction process prior to moulding or subsequent processing. S+S provides the full protection package throughout the production operation.
S+S - an overview
S+S Separation and Sorting Technology GmbH of Schönberg, Bavaria, manufactures machines and systems for the detection/separation of contaminants, for product inspection, and for the sorting of material flows. Product sales primarily focus on the food, plastics, chemical, pharmaceutical, wood, textile, and recycling industries. S+S is one of the world's leading suppliers with subsidiaries in Great Britain, France, China, Singapore, and in the USA, a representative office in India, and more than 40 sales channels worldwide. The main factory in Schönberg presently employs 250 people. 2010 sales exceeded 30M euro.
CONTACT DETAILS
Brigitte Rothkopf, S+S Separation and Sorting Technology GmbH, +49-(0)8554-308 274, brigitte.rothkopf@se-so-tec.com
KEYWORDS
CONSUMER, FOOD, BUSINESS SERVICES, HEAVY INDUSTRIES, MEDIA, 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: S+S Separation and Sorting Technology GmbH
Friday, April 29, 2011 04:05 PM IST (10:35 AM GMT)
Editors: General: Consumer interest, Food & drink; Business: Business services, Heavy industries, Media & entertainment; Technology
--------------------------------------------------
S+S Metal Detection Systems Guarantee Cost Effective and Safe Plastics Recycling
Schönberg, Germany, Friday, April 29, 2011 -- (Business Wire India) -- The plastics industry continues to struggle with rapidly rising raw material prices. As a result there is an increased pressure to use recycled material for which waste and rejected plastics are very well suited for reuse in many production processes. This, however, demands proper recycling of the original plastic materials to produce secondary raw materials of appropriate quality.
The processing of recycled plastics starts with size reduction but recycled product can still contain metal contaminants which must be removed to prevent damage to downstream processing equipment as well as ensure a quality recycled product. S+S metal detectors will detect magnetic and non-magnetic metal contaminants, wherever they are in the product, and prevent such damage. S+S metal detectors and separators are used both for in-house recycling and in specialised recycling plants. By removing metal they both enhance product quality and reduce the costs associated with machinery damage and factory downtime.
S+S tunnel or single face detector can be fitted to customer supplied conveyors but in order to ensure the best performance possible S+S has introduced the PLASTICON series of conveyor belt systems. These are used upstream of the size reduction equipment (eg shedder or granulator) and to guarantee the best sensitivity PLASTICON systems are made to comply with the needs of the latest metal detection technology. The robust construction will also cope with the rigorous demands and conditions found in recycling plants. PLASTICON conveyor belts are height-adjustable at both ends for maximum flexibility.
Whether for in house rejects or recycled waste plastics the process is the same and feedstock is shredded or reground before being added back into the production cycle. PLASTICON systems will ensure that dangerous, unwanted metal does not re-enter production. In addition to make sure that any metal contaminants that may be generated during regrind due to wear or damaged blades, further S+S detectors and magnets can be fitted after the size reduction process prior to moulding or subsequent processing. S+S provides the full protection package throughout the production operation.
S+S - an overview
S+S Separation and Sorting Technology GmbH of Schönberg, Bavaria, manufactures machines and systems for the detection/separation of contaminants, for product inspection, and for the sorting of material flows. Product sales primarily focus on the food, plastics, chemical, pharmaceutical, wood, textile, and recycling industries. S+S is one of the world's leading suppliers with subsidiaries in Great Britain, France, China, Singapore, and in the USA, a representative office in India, and more than 40 sales channels worldwide. The main factory in Schönberg presently employs 250 people. 2010 sales exceeded 30M euro.
CONTACT DETAILS
Brigitte Rothkopf, S+S Separation and Sorting Technology GmbH, +49-(0)8554-308 274, brigitte.rothkopf@se-so-tec.com
KEYWORDS
CONSUMER, FOOD, BUSINESS SERVICES, HEAVY INDUSTRIES, MEDIA, TECHNOLOGY
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BWI: Magnetic Separator Launched with Detail Improvements
Press release from Business Wire India
Source: S+S Separation and Sorting Technology GmbH
Friday, April 29, 2011 03:56 PM IST (10:26 AM GMT)
Editors: General: Consumer interest, Food & drink; Business: Business services, Heavy industries; Technology
--------------------------------------------------
Magnetic Separator Launched with Detail Improvements
Sanitary Design for the Packaging, Pharmaceutical and Food Industry
Schönberg, Germany, Friday, April 29, 2011 -- (Business Wire India) -- At Interpack 2011, hall 13, stand A90, the Bavarian company S+S Separation and Sorting Technology GmbH will show its new inline magnet, the MAGBOX MXF Food/Pharma with maximum field strength, durable stainless steel housing, and improved sanitary design.
MAGBOX MXF Food/Pharma is predominantly used in food, pharmaceutical , and industries where high performance is critical. The high-quality, high-performance unit guarantees efficient separation of fine ferrous contaminants and magnetised stainless steel particles. Each variant has the proven S+S EASY CLEAN feature which offers straightforward maintenance and quick, simple cleaning.
Improved hygienic design details for the MAGBOX MXF include a latched handle for removing the magnet cores from their casing, and stainless steel star screws with captive bolts for opening the inline magnet. Every component is designed for easy cleaning.
Stephan Treml, S+S Product Manager for magnet systems, adds: "Our objective is to provide premium quality magnetic separators. With the new MAGBOX MXF the system design improvements have further achieved this objective. Fully welded gap-free casings prevent any product residue deposits, and one piece integral seals guarantee a perfect seal. System handling was also important in our brief for redesign. For example, the star grips are captive and cannot be lost plus, being stainless steel are very easy to clean."
S+S - an overview
S+S Separation and Sorting Technology GmbH of Schönberg, Bavaria, manufactures machines and systems for the detection/separation of contaminants, for product inspection, and for the sorting of material flows. Product sales primarily focus on the food, plastics, chemical, pharmaceutical, wood, textile, and recycling industries. S+S is one of the world's leading suppliers with subsidiaries in Great Britain, France, China, Singapore, and in the USA, a representative office in India, and more than 40 agencies all over the world. The main factory in Schönberg presently employs 250 people. 2010 sales exceeded 30M euro.
CONTACT DETAILS
Brigitte Rothkopf, S+S Separation and Sorting Technology GmbH, +49-(0)8554-308 274, brigitte.rothkopf@se-so-tec.com
KEYWORDS
CONSUMER, FOOD, BUSINESS SERVICES, HEAVY INDUSTRIES, 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: S+S Separation and Sorting Technology GmbH
Friday, April 29, 2011 03:56 PM IST (10:26 AM GMT)
Editors: General: Consumer interest, Food & drink; Business: Business services, Heavy industries; Technology
--------------------------------------------------
Magnetic Separator Launched with Detail Improvements
Sanitary Design for the Packaging, Pharmaceutical and Food Industry
Schönberg, Germany, Friday, April 29, 2011 -- (Business Wire India) -- At Interpack 2011, hall 13, stand A90, the Bavarian company S+S Separation and Sorting Technology GmbH will show its new inline magnet, the MAGBOX MXF Food/Pharma with maximum field strength, durable stainless steel housing, and improved sanitary design.
MAGBOX MXF Food/Pharma is predominantly used in food, pharmaceutical , and industries where high performance is critical. The high-quality, high-performance unit guarantees efficient separation of fine ferrous contaminants and magnetised stainless steel particles. Each variant has the proven S+S EASY CLEAN feature which offers straightforward maintenance and quick, simple cleaning.
Improved hygienic design details for the MAGBOX MXF include a latched handle for removing the magnet cores from their casing, and stainless steel star screws with captive bolts for opening the inline magnet. Every component is designed for easy cleaning.
Stephan Treml, S+S Product Manager for magnet systems, adds: "Our objective is to provide premium quality magnetic separators. With the new MAGBOX MXF the system design improvements have further achieved this objective. Fully welded gap-free casings prevent any product residue deposits, and one piece integral seals guarantee a perfect seal. System handling was also important in our brief for redesign. For example, the star grips are captive and cannot be lost plus, being stainless steel are very easy to clean."
S+S - an overview
S+S Separation and Sorting Technology GmbH of Schönberg, Bavaria, manufactures machines and systems for the detection/separation of contaminants, for product inspection, and for the sorting of material flows. Product sales primarily focus on the food, plastics, chemical, pharmaceutical, wood, textile, and recycling industries. S+S is one of the world's leading suppliers with subsidiaries in Great Britain, France, China, Singapore, and in the USA, a representative office in India, and more than 40 agencies all over the world. The main factory in Schönberg presently employs 250 people. 2010 sales exceeded 30M euro.
CONTACT DETAILS
Brigitte Rothkopf, S+S Separation and Sorting Technology GmbH, +49-(0)8554-308 274, brigitte.rothkopf@se-so-tec.com
KEYWORDS
CONSUMER, FOOD, BUSINESS SERVICES, HEAVY INDUSTRIES, 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: Wipro Technologies Feted with ‘Verizon 2010 Supplier Recognition’ Award
Press release from Business Wire India
Source: WIPRO
Friday, April 29, 2011 03:30 PM IST (10:00 AM GMT)
Editors: General: Consumer interest, People; Business: Advertising, PR & marketing, Business services, Information technology, Media & entertainment; Technology
--------------------------------------------------
Wipro Technologies Feted with 'Verizon 2010 Supplier Recognition' Award
Bangalore, Karnataka, India, Friday, April 29, 2011 -- (Business Wire India) -- Wipro Technologies, the global Information Technology, Consulting and Outsourcing business of Wipro Limited (NYSE:WIT), has been feted with the coveted 'Verizon Supplier Recognition' Award in the 'IT Products and Services' category, for the year 2010, by Verizon Communications, a global leader in delivering broadband and other wireline and wireless communications services. The annual award recognizes Verizon's top suppliers that have helped the communications leader provide exceptional service to its customers.
Wipro was selected for the award at the 2010 Verizon Annual Supplier Recognition program held recently, at Verizon's headquarters in Basking Ridge, New Jersey. Vinesh Shah, General Manager & Client Partner from Wipro Technologies' Global Communication Service Provider Vertical, received the award on behalf of Wipro Technologies.
Wipro Technologies is a strategic supplier for Verizon and provides business solutions and consultancy to the communications giant. The company works with Verizon on initiatives based on leading technologies like cloud computing, virtualization and optimization, sustainability, and LTE (Long Term Evolution), which help Verizon lead in today's competitive environment.
Speaking on this achievement, Anil Jain, Senior Vice President and Global Head - Global Communication Service Provider Vertical, Wipro Technologies, said, "This award reconfirms our strategic engagement with Verizon and signifies our strong commitment to support Verizon in the unceasing endeavor to sustain a competitive edge, as well as develop winning business outcomes to stay ahead of competition."
Wipro Technologies is a strategic partner to industry players across the telecom value chain such as semiconductor vendors, device vendors, OSS (operations support systems) /BSS (business support systems) independent software vendors, telecom equipment manufactures and telecom service providers. Wipro's vertically aligned business model enables a deep understanding of customer's businesses to build industry-specific solutions, while technology service lines give Wipro the ability to design new solutions on emerging technologies, and thus help customer and partner organizations do business better.
About Wipro Technologies
Wipro Technologies, the global IT business of Wipro Limited (NYSE:WIT) is a leading Information Technology, Consulting and Outsourcing company, that delivers solutions to enable its clients do business better. Wipro Technologies delivers winning business outcomes through its deep industry experience and a 360 degree view of "Business through Technology" - helping clients create successful and adaptive businesses. A company recognized globally for its comprehensive portfolio of services, a practitioner's approach to delivering innovation and an organization wide commitment to sustainability, Wipro Technologies has 120,000 employees and clients across 54 countries.
For more information, please visit www.wipro.com
To view the photograph, please click on the link given below:
Vinesh Shah, General Manager & Client Partner from Wipro's Global Communications Service Provider Vertical receiving the award from Mariano Legaz, Vice President, Supply Chain Services , Verizon Communications.
Forward-looking and Cautionary Statements
Certain statements in this release concerning our future growth prospects are forward-looking statements, which involve a number of risks, and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding fluctuations in our earnings, revenue and profits, our ability to generate and manage growth, intense competition in IT services, our ability to maintain our cost advantage, wage increases in India, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, restrictions on immigration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks, our ability to successfully complete and integrate potential acquisitions, liability for damages on our service contracts, the success of the companies in which we make strategic investments, withdrawal of fiscal governmental incentives, political instability, war, legal restrictions on raising capital or acquiring companies outside India, unauthorized use of our intellectual property, and general economic conditions affecting our business and industry. Additional risks that could affect our future operating results are more fully described in our filings with the United States Securities and Exchange Commission. These filings are available at www.sec.gov. We may, from time to time, make additional written and oral forward-looking statements, including statements contained in the company's filings with the Securities and Exchange Commission and our reports to shareholders. We do not undertake to update any forward-looking statement that may be made from time to time by us or on our behalf.
Media Contacts:
Wipro Technologies
India:
Dirk Lewis
Wipro Technologies
+91- 7760983976
dirk.lewis@wipro.com
Purvika Anand
Gutenberg Communications
+91 9901134441
purvika@gutenbergpr.com
US:
Kathleen Ulrich
Wipro Technologies
+1 (732) 509-1337
kathleen.ulrich@wipro.com
Lavanya DJ
Gutenberg Communications
+1 (212).239.8740
lavanya@gutenbergpr.com
UK:
Rahul Kadavakolu
Wipro Technologies
+44 7920205496
rahul.kadavakolu@wipro.com
Olivia Benjamin
Gutenberg Communications
+44 7824997666
olivia@gutenbergpr.com
For picture(s)/data to illustrate this release click below:
http://www.BusinessWireIndia.com/attachments/Pic_1(430).JPG
Vinesh Shah, General Manager & Client Partner from Wipro's Global Communications Service Provider Vertical receiving the award from Mariano Legaz, Vice President, Supply Chain Services , Verizon Communications.
KEYWORDS
CONSUMER, PEOPLE, MARKETING, BUSINESS SERVICES, IT, MEDIA, 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: WIPRO
Friday, April 29, 2011 03:30 PM IST (10:00 AM GMT)
Editors: General: Consumer interest, People; Business: Advertising, PR & marketing, Business services, Information technology, Media & entertainment; Technology
--------------------------------------------------
Wipro Technologies Feted with 'Verizon 2010 Supplier Recognition' Award
Bangalore, Karnataka, India, Friday, April 29, 2011 -- (Business Wire India) -- Wipro Technologies, the global Information Technology, Consulting and Outsourcing business of Wipro Limited (NYSE:WIT), has been feted with the coveted 'Verizon Supplier Recognition' Award in the 'IT Products and Services' category, for the year 2010, by Verizon Communications, a global leader in delivering broadband and other wireline and wireless communications services. The annual award recognizes Verizon's top suppliers that have helped the communications leader provide exceptional service to its customers.
Wipro was selected for the award at the 2010 Verizon Annual Supplier Recognition program held recently, at Verizon's headquarters in Basking Ridge, New Jersey. Vinesh Shah, General Manager & Client Partner from Wipro Technologies' Global Communication Service Provider Vertical, received the award on behalf of Wipro Technologies.
Wipro Technologies is a strategic supplier for Verizon and provides business solutions and consultancy to the communications giant. The company works with Verizon on initiatives based on leading technologies like cloud computing, virtualization and optimization, sustainability, and LTE (Long Term Evolution), which help Verizon lead in today's competitive environment.
Speaking on this achievement, Anil Jain, Senior Vice President and Global Head - Global Communication Service Provider Vertical, Wipro Technologies, said, "This award reconfirms our strategic engagement with Verizon and signifies our strong commitment to support Verizon in the unceasing endeavor to sustain a competitive edge, as well as develop winning business outcomes to stay ahead of competition."
Wipro Technologies is a strategic partner to industry players across the telecom value chain such as semiconductor vendors, device vendors, OSS (operations support systems) /BSS (business support systems) independent software vendors, telecom equipment manufactures and telecom service providers. Wipro's vertically aligned business model enables a deep understanding of customer's businesses to build industry-specific solutions, while technology service lines give Wipro the ability to design new solutions on emerging technologies, and thus help customer and partner organizations do business better.
About Wipro Technologies
Wipro Technologies, the global IT business of Wipro Limited (NYSE:WIT) is a leading Information Technology, Consulting and Outsourcing company, that delivers solutions to enable its clients do business better. Wipro Technologies delivers winning business outcomes through its deep industry experience and a 360 degree view of "Business through Technology" - helping clients create successful and adaptive businesses. A company recognized globally for its comprehensive portfolio of services, a practitioner's approach to delivering innovation and an organization wide commitment to sustainability, Wipro Technologies has 120,000 employees and clients across 54 countries.
For more information, please visit www.wipro.com
To view the photograph, please click on the link given below:
Vinesh Shah, General Manager & Client Partner from Wipro's Global Communications Service Provider Vertical receiving the award from Mariano Legaz, Vice President, Supply Chain Services , Verizon Communications.
Forward-looking and Cautionary Statements
Certain statements in this release concerning our future growth prospects are forward-looking statements, which involve a number of risks, and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding fluctuations in our earnings, revenue and profits, our ability to generate and manage growth, intense competition in IT services, our ability to maintain our cost advantage, wage increases in India, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, restrictions on immigration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks, our ability to successfully complete and integrate potential acquisitions, liability for damages on our service contracts, the success of the companies in which we make strategic investments, withdrawal of fiscal governmental incentives, political instability, war, legal restrictions on raising capital or acquiring companies outside India, unauthorized use of our intellectual property, and general economic conditions affecting our business and industry. Additional risks that could affect our future operating results are more fully described in our filings with the United States Securities and Exchange Commission. These filings are available at www.sec.gov. We may, from time to time, make additional written and oral forward-looking statements, including statements contained in the company's filings with the Securities and Exchange Commission and our reports to shareholders. We do not undertake to update any forward-looking statement that may be made from time to time by us or on our behalf.
Media Contacts:
Wipro Technologies
India:
Dirk Lewis
Wipro Technologies
+91- 7760983976
dirk.lewis@wipro.com
Purvika Anand
Gutenberg Communications
+91 9901134441
purvika@gutenbergpr.com
US:
Kathleen Ulrich
Wipro Technologies
+1 (732) 509-1337
kathleen.ulrich@wipro.com
Lavanya DJ
Gutenberg Communications
+1 (212).239.8740
lavanya@gutenbergpr.com
UK:
Rahul Kadavakolu
Wipro Technologies
+44 7920205496
rahul.kadavakolu@wipro.com
Olivia Benjamin
Gutenberg Communications
+44 7824997666
olivia@gutenbergpr.com
For picture(s)/data to illustrate this release click below:
http://www.BusinessWireIndia.com/attachments/Pic_1(430).JPG
Vinesh Shah, General Manager & Client Partner from Wipro's Global Communications Service Provider Vertical receiving the award from Mariano Legaz, Vice President, Supply Chain Services , Verizon Communications.
KEYWORDS
CONSUMER, PEOPLE, MARKETING, BUSINESS SERVICES, IT, MEDIA, 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: Indian Film Maker Makes Waves Internationally with his Film on Mugabe
Press release from Business Wire India
Source: 7 Media Broadcasting Pvt. Ltd.
Friday, April 29, 2011 10:30 AM IST (05:00 AM GMT)
Editors: General: Arts & culture, Entertainment, People, Social issues; Business: Advertising, PR & marketing, Media & entertainment
--------------------------------------------------
Indian Film Maker Makes Waves Internationally with his Film on Mugabe
Selected as a Hot Pick at Cannes and taken up for World wide Distribution
Hyderabad, Andhra Pradesh, India, Friday, April 29, 2011 -- (Business Wire India) -- A path-breaking film by a young Indian filmmaker on Robert Mugabe's rule has been featured as one of the Hot Picks of 2011 at Cannes (France), in the Factual Entertainment Section. Titled 'Mugabe's Zimbabwe', the film has been signed up for worldwide commercial distribution by TVF International.
The 54' minute documentary made in English, will now be adapted in various languages across the world and be featured on multiple media platforms.
Commenting on the film, the Pulitzer Prize winning journalist Barry Baerak said "the film is "a primer to the situation, something of value especially to those not yet familiar with Zimbabwe and its recent history".
Directed by Shrenik Rao, 'Mugabe's Zimbabwe' narrates a terrifying story, plotting Robert Mugabe's three decades of bloodshed, terror and corruption and documents how he turned hope into desolation. Shot on location in Zimbabwe, England, Scotland and India, the film is an enquiry into how Zimbabwe, from its successful independence 30 years ago has collapsed dramatically.
'Mugabe's Zimbabwe' is a thoroughly researched film, with unprecedented access to Zimbabwe's Deputy Prime Minister, Vice Presidents, Governor of Reserve Bank, Former Arch Bishop of Bulawayo and UK's Former Secretary of State for International Development etc. Parts of the documentary were shot undercover and the crew included people from nine different nationalities.
Commenting on taking up the film for world wide distribution, Leila Monks Director, TVF International said that "TVF International are really pleased to be working with Dolsun Media distributing their film "Mugabe's Zimbabwe". As dictatorialism pervades the news, the world watches democracy fight against its enemies so this film featuring exclusive interviews and the inside track on the current situation in Zimbabwe has never been more topical."
An alumnus of the London School of Economics, Shrenik is a filmmaker by choice. His work was featured in the media including BBC, NDTV, Sify and UNEP - to name a few. Harvard University's Kennedy School of Government in the USA and the London School of Economics in the UK have premiered his previous work.
Based in Hyderabad, Shrenik is currently the Chief Executive and Creative Director of Dolsun Media and 7MB (7 Media Broadcasting Pvt Ltd) that specialise in Factual Entertainment content, Ad-films, commercials and Television Production. Previously, he was Vice-President of a Television Network in India.
To view the photograph, please click on the link given below:
Shrenik Rao
For picture(s)/data to illustrate this release click below:
http://www.BusinessWireIndia.com/attachments/7MBpic.JPG
7MBpic.JPG
CONTACT DETAILS
Charitha Reddy, 7 Media Broadcasting Pvt. Ltd., +91 9908095454, charitha@7mediabroadcasting.com
KEYWORDS
ARTS, ENTERTAINMENT, PEOPLE, SOCIAL, MARKETING, MEDIA
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: 7 Media Broadcasting Pvt. Ltd.
Friday, April 29, 2011 10:30 AM IST (05:00 AM GMT)
Editors: General: Arts & culture, Entertainment, People, Social issues; Business: Advertising, PR & marketing, Media & entertainment
--------------------------------------------------
Indian Film Maker Makes Waves Internationally with his Film on Mugabe
Selected as a Hot Pick at Cannes and taken up for World wide Distribution
Hyderabad, Andhra Pradesh, India, Friday, April 29, 2011 -- (Business Wire India) -- A path-breaking film by a young Indian filmmaker on Robert Mugabe's rule has been featured as one of the Hot Picks of 2011 at Cannes (France), in the Factual Entertainment Section. Titled 'Mugabe's Zimbabwe', the film has been signed up for worldwide commercial distribution by TVF International.
The 54' minute documentary made in English, will now be adapted in various languages across the world and be featured on multiple media platforms.
Commenting on the film, the Pulitzer Prize winning journalist Barry Baerak said "the film is "a primer to the situation, something of value especially to those not yet familiar with Zimbabwe and its recent history".
Directed by Shrenik Rao, 'Mugabe's Zimbabwe' narrates a terrifying story, plotting Robert Mugabe's three decades of bloodshed, terror and corruption and documents how he turned hope into desolation. Shot on location in Zimbabwe, England, Scotland and India, the film is an enquiry into how Zimbabwe, from its successful independence 30 years ago has collapsed dramatically.
'Mugabe's Zimbabwe' is a thoroughly researched film, with unprecedented access to Zimbabwe's Deputy Prime Minister, Vice Presidents, Governor of Reserve Bank, Former Arch Bishop of Bulawayo and UK's Former Secretary of State for International Development etc. Parts of the documentary were shot undercover and the crew included people from nine different nationalities.
Commenting on taking up the film for world wide distribution, Leila Monks Director, TVF International said that "TVF International are really pleased to be working with Dolsun Media distributing their film "Mugabe's Zimbabwe". As dictatorialism pervades the news, the world watches democracy fight against its enemies so this film featuring exclusive interviews and the inside track on the current situation in Zimbabwe has never been more topical."
An alumnus of the London School of Economics, Shrenik is a filmmaker by choice. His work was featured in the media including BBC, NDTV, Sify and UNEP - to name a few. Harvard University's Kennedy School of Government in the USA and the London School of Economics in the UK have premiered his previous work.
Based in Hyderabad, Shrenik is currently the Chief Executive and Creative Director of Dolsun Media and 7MB (7 Media Broadcasting Pvt Ltd) that specialise in Factual Entertainment content, Ad-films, commercials and Television Production. Previously, he was Vice-President of a Television Network in India.
To view the photograph, please click on the link given below:
Shrenik Rao
For picture(s)/data to illustrate this release click below:
http://www.BusinessWireIndia.com/attachments/7MBpic.JPG
7MBpic.JPG
CONTACT DETAILS
Charitha Reddy, 7 Media Broadcasting Pvt. Ltd., +91 9908095454, charitha@7mediabroadcasting.com
KEYWORDS
ARTS, ENTERTAINMENT, PEOPLE, SOCIAL, MARKETING, MEDIA
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
Thursday, April 28, 2011
BWI: BRAVO BRIORestaurant Group Serves Wi-Fi with SonicWALL Clean Wireless
Press release from Business Wire India
Source: SonicWALL
Thursday, April 28, 2011 07:04 PM IST (01:34 PM GMT)
Editors: General: Consumer interest, Food & drink; Business: Information technology, Telecommunications; Technology
--------------------------------------------------
BRAVO BRIORestaurant Group Serves Wi-Fi with SonicWALL Clean Wireless
Restaurant Group Enhances Guest Experience and Meets PCI Compliance Demands for 85 Locations
Bengaluru, Karnataka, India, Thursday, April 28, 2011 -- (Business Wire India) -- SonicWALL , Inc.,the leading provider of intelligent network security and data protection solutions, today announced that BRAVO BRIO Restaurant Group, Inc. (NASDAQ:BBRG), has selected the SonicWALL Clean WirelessT solutionto provide network security and data protection solutions for its 85 high-volume, full-service restaurants in the US, including the upscale affordable BRAVO! Cucina Italiana and Brio Tuscan Grille.
BRAVO BRIO Restaurant Grouprealized it could differentiate itself in the upscale affordable dining segment by providing wireless access for its guests. To offer this service and ensure PCI compliance for its distributed network across all locations in 29 states, the restaurant group selected the SonicWALL Clean Wireless solution , consisting of SonicWALL TZ 210 Wireless-N firewalls and SonicPoint-Ni wireless access points at each site.
A key component of every SonicWALL firewall is the secure wireless switch and controller, which automatically detects and configures SonicWALL SonicPoint wireless access points and reduces administrative overhead. In addition, the TZ 210 Wireless-N provides firewall protection, application control, intrusion prevention and Internet content filtering for all wireless traffic .
By adding managed SonicPoint access points, BRAVO BRIO was able to not only extend its high-speed wireless network with the same security as its wired network, but also offer secure Wi-Fi access for customers. The SonicPoint access points will also allow BRAVO BRIO to pilot innovative mobility initiatives in the future.
"We offer our customers an outstanding culinary experience, and offering easy access to Wi-Fi represents our understanding of extended customer service. But protecting the data of our customers is absolutely critical," said Kathleen Chugh, vice president of information technology atBravo Brio Restaurant Group. "SonicWALL's Clean Wireless solution provides all the security features we need right at the perimeter. Wi-Fi access helps us differentiate our offerings and drives banquet business revenue and profitability."
Cerdant, one of the largest SonicWALL Medallion Gold partners in North America, managed the roll-out and is responsible for the ongoing management of the devices.
"SonicWALL Clean Wireless was a very good fit for BRAVO BRIO. They needed an experienced partner to manage their network, provide them with a Wi-Fi solution for their guests and address many of their PCI requirements such as security monitoring and rogue access point detection," said Mike Johnson, president and CEO at Cerdant.
SonicWALL Clean Wireless makes deploying wireless networks (WLANs) secure, simple and cost-effective. The fastest multi-layered unified threat management firewall in its class, the SonicWALL TZ 210 Series integrates a large number of advanced features, including Reassembly-Free Deep Packet InspectionT (RFDPIT) as well as application intelligence, control and visualization, automated 3G or analog failover/failback and optional 802.11n high-speed wireless. The combination of SonicPoint access points and SonicWALL's secure wireless switch and controller provides Wireless Intrusion Detection Services (WIDS), wireless firewalling, secure Layer 3 wireless roaming, IEE 802.11d multi-country roaming, and integrated Wireless Guest Services (WGS) to enforce password access for customers and other third-party guests.
For more news on Dynamic Security and Next-Generation Networks, follow SonicWALL on LinkedIn , Facebook and Twitter .
About BRAVO BRIORestaurant Group, Inc.
BRAVO BRIO Restaurant Group, Inc. is a leading owner and operator of two distinct Italian restaurant brands, BRAVO! Cucina Italiana and BRIO Tuscan Grille. BBRG has positioned its brands as multifaceted culinary destinations that deliver the ambiance, design elements and food quality reminiscent of fine dining restaurants at a value typically offered by casual dining establishments, a combination known as the upscale affordable dining segment. Each of BBRG's brands provides its guests with a fine dining experience and value by serving affordable cuisine prepared using fresh flavorful ingredients and authentic Italian cooking methods, combined with attentive service in an attractive, lively atmosphere. BBRG strives to be the best Italian restaurant company in America and is focused on providing its guests an excellent dining experience through consistency of execution.
About SonicWALL, Inc.
Guided by its vision of Dynamic Security for the Global Network, SonicWALL develops advanced intelligent network security and data protection solutions that adapt as organizations evolve and as threats evolve. Trusted by small and large enterprises worldwide, SonicWALL solutions are designed to detect and control applications and protect networks from intrusions and malware attacks through award-winning hardware, software and virtual appliance-based solutions. For more information, visit http://www.sonicwall.com/ .
Copyright © 2011 SonicWALL, Inc. All rights reserved. SONICWALL® is a registered trademark of SonicWALL, Inc. and all other SonicWALL product and service names and slogans are trademarks or registered trademarks of SonicWALL, Inc. Other product and company names mentioned herein may be trademarks and/or registered trademarks of their respective owners.
CONTACT DETAILS
Jock Breitwieser, SonicWALL, Office Phone: 408-962-6165; Mobile: 408-373-0030, jbreitwieser@SonicWALL.com
Nanditha Harnath, 20:20 MSL, 9916595092, nanditha.harnath@2020msl.com
KEYWORDS
CONSUMER, FOOD, IT, 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: SonicWALL
Thursday, April 28, 2011 07:04 PM IST (01:34 PM GMT)
Editors: General: Consumer interest, Food & drink; Business: Information technology, Telecommunications; Technology
--------------------------------------------------
BRAVO BRIORestaurant Group Serves Wi-Fi with SonicWALL Clean Wireless
Restaurant Group Enhances Guest Experience and Meets PCI Compliance Demands for 85 Locations
Bengaluru, Karnataka, India, Thursday, April 28, 2011 -- (Business Wire India) -- SonicWALL , Inc.,the leading provider of intelligent network security and data protection solutions, today announced that BRAVO BRIO Restaurant Group, Inc. (NASDAQ:BBRG), has selected the SonicWALL Clean WirelessT solutionto provide network security and data protection solutions for its 85 high-volume, full-service restaurants in the US, including the upscale affordable BRAVO! Cucina Italiana and Brio Tuscan Grille.
BRAVO BRIO Restaurant Grouprealized it could differentiate itself in the upscale affordable dining segment by providing wireless access for its guests. To offer this service and ensure PCI compliance for its distributed network across all locations in 29 states, the restaurant group selected the SonicWALL Clean Wireless solution , consisting of SonicWALL TZ 210 Wireless-N firewalls and SonicPoint-Ni wireless access points at each site.
A key component of every SonicWALL firewall is the secure wireless switch and controller, which automatically detects and configures SonicWALL SonicPoint wireless access points and reduces administrative overhead. In addition, the TZ 210 Wireless-N provides firewall protection, application control, intrusion prevention and Internet content filtering for all wireless traffic .
By adding managed SonicPoint access points, BRAVO BRIO was able to not only extend its high-speed wireless network with the same security as its wired network, but also offer secure Wi-Fi access for customers. The SonicPoint access points will also allow BRAVO BRIO to pilot innovative mobility initiatives in the future.
"We offer our customers an outstanding culinary experience, and offering easy access to Wi-Fi represents our understanding of extended customer service. But protecting the data of our customers is absolutely critical," said Kathleen Chugh, vice president of information technology atBravo Brio Restaurant Group. "SonicWALL's Clean Wireless solution provides all the security features we need right at the perimeter. Wi-Fi access helps us differentiate our offerings and drives banquet business revenue and profitability."
Cerdant, one of the largest SonicWALL Medallion Gold partners in North America, managed the roll-out and is responsible for the ongoing management of the devices.
"SonicWALL Clean Wireless was a very good fit for BRAVO BRIO. They needed an experienced partner to manage their network, provide them with a Wi-Fi solution for their guests and address many of their PCI requirements such as security monitoring and rogue access point detection," said Mike Johnson, president and CEO at Cerdant.
SonicWALL Clean Wireless makes deploying wireless networks (WLANs) secure, simple and cost-effective. The fastest multi-layered unified threat management firewall in its class, the SonicWALL TZ 210 Series integrates a large number of advanced features, including Reassembly-Free Deep Packet InspectionT (RFDPIT) as well as application intelligence, control and visualization, automated 3G or analog failover/failback and optional 802.11n high-speed wireless. The combination of SonicPoint access points and SonicWALL's secure wireless switch and controller provides Wireless Intrusion Detection Services (WIDS), wireless firewalling, secure Layer 3 wireless roaming, IEE 802.11d multi-country roaming, and integrated Wireless Guest Services (WGS) to enforce password access for customers and other third-party guests.
For more news on Dynamic Security and Next-Generation Networks, follow SonicWALL on LinkedIn , Facebook and Twitter .
About BRAVO BRIORestaurant Group, Inc.
BRAVO BRIO Restaurant Group, Inc. is a leading owner and operator of two distinct Italian restaurant brands, BRAVO! Cucina Italiana and BRIO Tuscan Grille. BBRG has positioned its brands as multifaceted culinary destinations that deliver the ambiance, design elements and food quality reminiscent of fine dining restaurants at a value typically offered by casual dining establishments, a combination known as the upscale affordable dining segment. Each of BBRG's brands provides its guests with a fine dining experience and value by serving affordable cuisine prepared using fresh flavorful ingredients and authentic Italian cooking methods, combined with attentive service in an attractive, lively atmosphere. BBRG strives to be the best Italian restaurant company in America and is focused on providing its guests an excellent dining experience through consistency of execution.
About SonicWALL, Inc.
Guided by its vision of Dynamic Security for the Global Network, SonicWALL develops advanced intelligent network security and data protection solutions that adapt as organizations evolve and as threats evolve. Trusted by small and large enterprises worldwide, SonicWALL solutions are designed to detect and control applications and protect networks from intrusions and malware attacks through award-winning hardware, software and virtual appliance-based solutions. For more information, visit http://www.sonicwall.com/ .
Copyright © 2011 SonicWALL, Inc. All rights reserved. SONICWALL® is a registered trademark of SonicWALL, Inc. and all other SonicWALL product and service names and slogans are trademarks or registered trademarks of SonicWALL, Inc. Other product and company names mentioned herein may be trademarks and/or registered trademarks of their respective owners.
CONTACT DETAILS
Jock Breitwieser, SonicWALL, Office Phone: 408-962-6165; Mobile: 408-373-0030, jbreitwieser@SonicWALL.com
Nanditha Harnath, 20:20 MSL, 9916595092, nanditha.harnath@2020msl.com
KEYWORDS
CONSUMER, FOOD, IT, TELECOMMUNICATIONS, TECHNOLOGY
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BWI: Great Lakes’ Convocation 2011 Presided over by Shri. Azim H. Premji and Smt. D. Purandeswari
Press release from Business Wire India
Source: Great Lakes Institute of Management
Thursday, April 28, 2011 06:09 PM IST (12:39 PM GMT)
Editors: General: People, Social issues; Business: Education & training
--------------------------------------------------
Great Lakes' Convocation 2011 Presided over by Shri. Azim H. Premji and Smt. D. Purandeswari
Two Great Lakers receive Merit cum Means Scholarship of Rs. 5 lakhs
Chennai, Tamil Nadu, India, Thursday, April 28, 2011 -- (Business Wire India) -- Great Lakes Institute of Management, Chennai, founded by Prof. Bala V. Balachandran and Stuart School of Business, Illinois Institute of Technology, Chicago, USA, held its Convocation of the Post Graduate Program in Management (PGPM), Class of '11 (referred to as Gladiators) and the Post Graduate Global Executive Program in Management (PGXPM) V - Academic Year 2009-11; and welcomed the next batch of PGPM students (referred to as Spartans) in the presence of distinguished guests Shri. Azim H. Premji, Chairman of Wipro Ltd ,Smt. D. Purandeswari, Hon'ble Minister of State for Human Resource Development, Government of India, and others.
Shri. Azim H. Premji, Chairman of Wipro Ltd. delivered the convocation address to the enthusiastic gathering and handed over the certificates to the graduating students in the presence of 'Uncle Bala' - Prof. Bala V Balachandran, Founder & Dean of the institute, Academic Council, corporate dignitaries, staff, family members, friends and members of the press.
Gracing the occasion, Shri. Azim H. Premji, Chairman of Wipro Ltd, said, "I am delighted to address the Post Graduate Program in Management Class of 2011. You have accomplished something very few people do - the gift of quality higher education! I am optimistic that the baton of progress is in the hands of youth who form the majority in this country. As you step out into the world equipped with the ability to make this happen, it is time to step up and be counted. Be fearless and the door opens!"
Gracing the occasion Smt. D. Purandeswari, Hon'ble Minister of State for Human Resource Development, Government of India, said, "I would like to emphasize that the future of India can be built by remembering and practicing three things, which are encapsulated in the letters `TI' - `Think India', `Team India' and `Total Innovation'. This means making India truly innovative by changing its social, legal and economic structure."
Congratulating the students on successfully completing the Post Graduate Programme in Management, Dr. Bala V. Balachandran, Founder & Honorary Dean, Great Lakes, said, "The students of Great Lakes are ambassadors of 'responsible citizenship'. They have been molded to exhibit the highest levels of integrity, commitment, loyalty and responsibility in doing their duty to corporate India, the world and by extension to society at large. I wish our young graduates success in all their endeavors and urge them to make us proud in every walk of life."
Awards were given to deserving students for their outstanding academic achievements. Jitendra Koduru was awarded the Bala V Balchandran award for Best Student - Male award, while Priyanka Venkateswar was awarded the Bala V Balchandran award for Best Student - Female award.
Besides 4 other students were awarded medals for Academic Excellence .Smriti Agarwalla walked away with an award for Finance; Ramaprasad S for Marketing; Archith Goverdhan in Operations and Technology; and Meenal Sharma in Strategy, OB and Human Resource.
Two students - Harini K and Hyder Kantawala received a Merit cum Means Scholarship from Great Lakes institute of Management Each will receive a cash award of Rs. 5 lakhs, 2.5 lakhs borne by the Institute and Prof. Bala donating the balance 2.5 lakhs for each student.
In addition, several other students were given medals and certificates. The convocation ceremony concluded with the formal welcoming of the next batch of the PGPM students (Spartans).
About Great Lakes Institute of Management:
Great Lakes Institute of Management is a leading B-school in India founded in 2004 by Prof. Bala V. Balachandran, J.L. Kellogg Distinguished Professor of Accounting and Information Management Northwestern University, USA, The institute has academic alliances with Stuart Graduate School of Business USA, Yale University USA., and Nanyang Technical University, Singapore. The institute offers a one year Post Graduate Program in Management. The B-school is a not-for-profit organization; Section 25 registered company with the mission of 'A Global Mindset and Indian Roots'.
To view the pictures please click on the link mentioned below:
Prof. Bala giving certificates
Smt. D. Purandeswari,Prof. Bala V. Balachandran, Shri. Azim H. Premji, Prof. Sriram, Prof. Veeravalli (From left to right)
For picture(s)/data to illustrate this release click below:
http://www.BusinessWireIndia.com/attachments/1(69).JPG
1(69).JPG
http://www.BusinessWireIndia.com/attachments/2(21).JPG
2(21).JPG
CONTACT DETAILS
Prof. T.N. Swaminathan, Great Lakes Institute of Management, +91 9840195454, mailto:tnswami@greatlakes.edu.in
Ms. Twinkle Xavier, 20:20 MSL, +91 98844 80115, twinkle.xavier@2020msl.com
KEYWORDS
PEOPLE, SOCIAL, EDUCATION
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: Great Lakes Institute of Management
Thursday, April 28, 2011 06:09 PM IST (12:39 PM GMT)
Editors: General: People, Social issues; Business: Education & training
--------------------------------------------------
Great Lakes' Convocation 2011 Presided over by Shri. Azim H. Premji and Smt. D. Purandeswari
Two Great Lakers receive Merit cum Means Scholarship of Rs. 5 lakhs
Chennai, Tamil Nadu, India, Thursday, April 28, 2011 -- (Business Wire India) -- Great Lakes Institute of Management, Chennai, founded by Prof. Bala V. Balachandran and Stuart School of Business, Illinois Institute of Technology, Chicago, USA, held its Convocation of the Post Graduate Program in Management (PGPM), Class of '11 (referred to as Gladiators) and the Post Graduate Global Executive Program in Management (PGXPM) V - Academic Year 2009-11; and welcomed the next batch of PGPM students (referred to as Spartans) in the presence of distinguished guests Shri. Azim H. Premji, Chairman of Wipro Ltd ,Smt. D. Purandeswari, Hon'ble Minister of State for Human Resource Development, Government of India, and others.
Shri. Azim H. Premji, Chairman of Wipro Ltd. delivered the convocation address to the enthusiastic gathering and handed over the certificates to the graduating students in the presence of 'Uncle Bala' - Prof. Bala V Balachandran, Founder & Dean of the institute, Academic Council, corporate dignitaries, staff, family members, friends and members of the press.
Gracing the occasion, Shri. Azim H. Premji, Chairman of Wipro Ltd, said, "I am delighted to address the Post Graduate Program in Management Class of 2011. You have accomplished something very few people do - the gift of quality higher education! I am optimistic that the baton of progress is in the hands of youth who form the majority in this country. As you step out into the world equipped with the ability to make this happen, it is time to step up and be counted. Be fearless and the door opens!"
Gracing the occasion Smt. D. Purandeswari, Hon'ble Minister of State for Human Resource Development, Government of India, said, "I would like to emphasize that the future of India can be built by remembering and practicing three things, which are encapsulated in the letters `TI' - `Think India', `Team India' and `Total Innovation'. This means making India truly innovative by changing its social, legal and economic structure."
Congratulating the students on successfully completing the Post Graduate Programme in Management, Dr. Bala V. Balachandran, Founder & Honorary Dean, Great Lakes, said, "The students of Great Lakes are ambassadors of 'responsible citizenship'. They have been molded to exhibit the highest levels of integrity, commitment, loyalty and responsibility in doing their duty to corporate India, the world and by extension to society at large. I wish our young graduates success in all their endeavors and urge them to make us proud in every walk of life."
Awards were given to deserving students for their outstanding academic achievements. Jitendra Koduru was awarded the Bala V Balchandran award for Best Student - Male award, while Priyanka Venkateswar was awarded the Bala V Balchandran award for Best Student - Female award.
Besides 4 other students were awarded medals for Academic Excellence .Smriti Agarwalla walked away with an award for Finance; Ramaprasad S for Marketing; Archith Goverdhan in Operations and Technology; and Meenal Sharma in Strategy, OB and Human Resource.
Two students - Harini K and Hyder Kantawala received a Merit cum Means Scholarship from Great Lakes institute of Management Each will receive a cash award of Rs. 5 lakhs, 2.5 lakhs borne by the Institute and Prof. Bala donating the balance 2.5 lakhs for each student.
In addition, several other students were given medals and certificates. The convocation ceremony concluded with the formal welcoming of the next batch of the PGPM students (Spartans).
About Great Lakes Institute of Management:
Great Lakes Institute of Management is a leading B-school in India founded in 2004 by Prof. Bala V. Balachandran, J.L. Kellogg Distinguished Professor of Accounting and Information Management Northwestern University, USA, The institute has academic alliances with Stuart Graduate School of Business USA, Yale University USA., and Nanyang Technical University, Singapore. The institute offers a one year Post Graduate Program in Management. The B-school is a not-for-profit organization; Section 25 registered company with the mission of 'A Global Mindset and Indian Roots'.
To view the pictures please click on the link mentioned below:
Prof. Bala giving certificates
Smt. D. Purandeswari,Prof. Bala V. Balachandran, Shri. Azim H. Premji, Prof. Sriram, Prof. Veeravalli (From left to right)
For picture(s)/data to illustrate this release click below:
http://www.BusinessWireIndia.com/attachments/1(69).JPG
1(69).JPG
http://www.BusinessWireIndia.com/attachments/2(21).JPG
2(21).JPG
CONTACT DETAILS
Prof. T.N. Swaminathan, Great Lakes Institute of Management, +91 9840195454, mailto:tnswami@greatlakes.edu.in
Ms. Twinkle Xavier, 20:20 MSL, +91 98844 80115, twinkle.xavier@2020msl.com
KEYWORDS
PEOPLE, SOCIAL, EDUCATION
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: It’s Raining Tablets on HomeShop18 as it Continues to bring your Favorite Gadget Closer
Press release from Business Wire India
Source: HomeShop18
Thursday, April 28, 2011 06:23 PM IST (12:53 PM GMT)
Editors: General: Consumer interest, Entertainment, Lifestyle; Business: Information technology, Media & entertainment; Technology
--------------------------------------------------
It's Raining Tablets on HomeShop18 as it Continues to bring your Favorite Gadget Closer
Now buy the Blackberry Playbook from the comfort of your homes
New Delhi, Delhi, India, Thursday, April 28, 2011 -- (Business Wire India) -- Blend business with pleasure as HomeShop18, India's first and leading home shopping channel brings you the über cool BlackBerry PlayBook on their ecommerce portal www.homeshop18.com. HomeShop18.com, one of the largest e-commerce portals in India is now retailing multiple versions of the much awaited Blackberry PlayBook, with free shipping right to your doorstep and a one year international warranty.
It's a fast, its powerful and its fun, the 7-inch tablet with HDMI output, advanced multitasking and security also boasts of a browser that integrates Adobe Flash 10.2 for a desktop-style Web experience. Text, graphics and video all come through with beautiful fluidity; while integrated through Wi-Fi. Enjoy face-to-face video calls with dual cameras or snap great shots. Its multi connectivity options allow you to connect with your other peripheral devices.
It also offers industry leading performance, out-of-the-box enterprise support and a robust development environment. The BlackBerry PlayBook delivers professional-grade, consumer-friendly experiences that redefine the possibilities of mobile computing. This ultra-portable tablet looks and feels great, measuring less than half an inch thick and weighing less than a pound.
This is not all, these products are supported by BlackBerry international warranty as they are direct imports from the US and come with a One Year of Manufacturer Warranty absolutely free and free in-transit insurance.
With 3 different variants: 16GB, 32GB and 64GB to choose from, the PlayBook comes at a unbelievable prices starting Rs. 34999 only!
For details on HomeShop18 and its various products, call 1800-1800-918 or log on to www.homeshop18.com and pick great deals.
About HomeShop18
HomeShop18 is India's largest home shopping company and part of the Network18 Group. HomeShop18 operates a comprehensive virtual retail business, operating in a multimedia environment including television, web, catalogue and other media to reach high quality products and services directly to customers across the country.
HomeShop18 has partnered with the best brand owners, such as Apple, Motorola, Samsung, Whirlpool, Reebok, Lee, LG, Videocon, Nokia, Spice and many more to provide superlative quality and exceptional value.
HomeShop18 is committed to providing a delightful and dependable customer experience, through entertaining and outstanding content on TV & the Web and its high quality captive customer sales centre. Its customer-centric practices, including free home delivery, multiple payment options and 15 days 'no questions' asked replacement guarantee make shopping with HomeShop18 a smarter and a more convenient experience.
CONTACT DETAILS
Siddharth Bijpuria, PR Pundit, +91 9881552856, siddharth.b@prpundit.com
Deepshikha Sinha, PR Pundit, +91 9999836343, deepshikha.s@prpundit.com
Neha Rameja, HomeShop18, +91 9818267483, neha.rameja@network18online.com
KEYWORDS
CONSUMER, ENTERTAINMENT, LIFESTYLE, IT, MEDIA, 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: HomeShop18
Thursday, April 28, 2011 06:23 PM IST (12:53 PM GMT)
Editors: General: Consumer interest, Entertainment, Lifestyle; Business: Information technology, Media & entertainment; Technology
--------------------------------------------------
It's Raining Tablets on HomeShop18 as it Continues to bring your Favorite Gadget Closer
Now buy the Blackberry Playbook from the comfort of your homes
New Delhi, Delhi, India, Thursday, April 28, 2011 -- (Business Wire India) -- Blend business with pleasure as HomeShop18, India's first and leading home shopping channel brings you the über cool BlackBerry PlayBook on their ecommerce portal www.homeshop18.com. HomeShop18.com, one of the largest e-commerce portals in India is now retailing multiple versions of the much awaited Blackberry PlayBook, with free shipping right to your doorstep and a one year international warranty.
It's a fast, its powerful and its fun, the 7-inch tablet with HDMI output, advanced multitasking and security also boasts of a browser that integrates Adobe Flash 10.2 for a desktop-style Web experience. Text, graphics and video all come through with beautiful fluidity; while integrated through Wi-Fi. Enjoy face-to-face video calls with dual cameras or snap great shots. Its multi connectivity options allow you to connect with your other peripheral devices.
It also offers industry leading performance, out-of-the-box enterprise support and a robust development environment. The BlackBerry PlayBook delivers professional-grade, consumer-friendly experiences that redefine the possibilities of mobile computing. This ultra-portable tablet looks and feels great, measuring less than half an inch thick and weighing less than a pound.
This is not all, these products are supported by BlackBerry international warranty as they are direct imports from the US and come with a One Year of Manufacturer Warranty absolutely free and free in-transit insurance.
With 3 different variants: 16GB, 32GB and 64GB to choose from, the PlayBook comes at a unbelievable prices starting Rs. 34999 only!
For details on HomeShop18 and its various products, call 1800-1800-918 or log on to www.homeshop18.com and pick great deals.
About HomeShop18
HomeShop18 is India's largest home shopping company and part of the Network18 Group. HomeShop18 operates a comprehensive virtual retail business, operating in a multimedia environment including television, web, catalogue and other media to reach high quality products and services directly to customers across the country.
HomeShop18 has partnered with the best brand owners, such as Apple, Motorola, Samsung, Whirlpool, Reebok, Lee, LG, Videocon, Nokia, Spice and many more to provide superlative quality and exceptional value.
HomeShop18 is committed to providing a delightful and dependable customer experience, through entertaining and outstanding content on TV & the Web and its high quality captive customer sales centre. Its customer-centric practices, including free home delivery, multiple payment options and 15 days 'no questions' asked replacement guarantee make shopping with HomeShop18 a smarter and a more convenient experience.
CONTACT DETAILS
Siddharth Bijpuria, PR Pundit, +91 9881552856, siddharth.b@prpundit.com
Deepshikha Sinha, PR Pundit, +91 9999836343, deepshikha.s@prpundit.com
Neha Rameja, HomeShop18, +91 9818267483, neha.rameja@network18online.com
KEYWORDS
CONSUMER, ENTERTAINMENT, LIFESTYLE, IT, MEDIA, 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: V3 ENGINEERS wins infringement case lodged by WIPRO CGLG
Press release from Business Wire India
Source: V3 ENGINEERS PVT LTD
Thursday, April 28, 2011 06:05 PM IST (12:35 PM GMT)
Editors: General: Consumer interest; Business: Commodities & materials, Law firms; Technology
--------------------------------------------------
V3 ENGINEERS wins infringement case lodged by WIPRO CGLG
Bangalore, Karnataka, India, Thursday, April 28, 2011 -- (Business Wire India) -- V3 ENGINEERS PVT LTD, one of India's largest Modular Furniture Manufacturers has won a case against Wipro CGLG. Wipro CGLG had filed a case last month against V3, on alleged infringement of their designs.
Commenting on this, R Guru Prasad, Director - Finance and Administration at V3, said, "The product design highlighted by Wipro is completely different from the design adopted by V3. V3 has been manufacturing several such products since 2005, that is three years prior to the date of registration of design by Wipro. We've never resorted to copying any company's design.
"We have been using the `contentious' designs for the 15 years and we've indigenously designed and manufactured over 300 products."
"WIPRO was in fact a customer to V3 till the year 2005 and over 10000 work stations have been installed in their units across divisions."
"It was surprising when Wipro filed a case against us. Though we are aware that IP is not that strong in India, we will never indulge in infringement activities. We are an ethical company and abide to the laws of the country."
"We are active members of AFMI, a forum to which major furniture manufacturers are members to. They could have sought a redressal by this forum."
V3's Senior Counsel Mr. Hari Holla said "The judge noticed by examining documents, designs and manufactured products by V3 that there are no visible similarities or similarities in materials used; the design, cross sections and construction shape of the legs and dismissed the suit with costs in favour of V3."
The judge categorically quoted "In order that there may be 'Novelty', so as to sustain a patent, the thing must not have been known to anyone before, mere novelty of form being insufficient".
"In order to attract infringement, there must be deceptive similarities. If the designs are not distinctly similar in the eye of the customer, there is no question of infringement".
The courts held that there is no prima facie case against V3 ENGINEERS and vacated the temporary injunction granted earlier.
About V3 ENGINEERS:
Established in 1990, V3 is a pioneer and one of India's largest Modular Furniture Manufacturers. V3 is backed by its repute of over 20 years of excellence & operates from a state of the art manufacturing facility.
-- Total land area - 32 Acres
-- Production Floors - 1,20,000 sqft
-- Services - 22,000 sqft
-- Administration - 10,000 sqft
Installed Production Capacity - Yearly
-- 90,000 Workstations
-- 90,000 Pedestals
-- 40,000 Storages
-- 6,000 Kitchen cabinets
-- 6,500 Wardrobes
-- 3,60,0000 Doors
V3 ENGINEERS operates under three verticals - Officezone - Ergonomically designed furniture for office spaces, Homezone - Exquisite Kitchens and Wardrobes for homes & Interiorz - Total turnkey solutions for commercial spaces.
Several products from V3 are patented and more are in the pipeline.
V3 is focused and committed to delivering robust product lines complementing evolving interior challenges.
CONTACT DETAILS
Karthy Prasanna, V3 ENGINEERS PVT LTD, +91-9686260350, karthy@brand-comm.com
KEYWORDS
CONSUMER, COMMODITIES, 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.
Submit your press release at http://www.businesswireindia.com
Source: V3 ENGINEERS PVT LTD
Thursday, April 28, 2011 06:05 PM IST (12:35 PM GMT)
Editors: General: Consumer interest; Business: Commodities & materials, Law firms; Technology
--------------------------------------------------
V3 ENGINEERS wins infringement case lodged by WIPRO CGLG
Bangalore, Karnataka, India, Thursday, April 28, 2011 -- (Business Wire India) -- V3 ENGINEERS PVT LTD, one of India's largest Modular Furniture Manufacturers has won a case against Wipro CGLG. Wipro CGLG had filed a case last month against V3, on alleged infringement of their designs.
Commenting on this, R Guru Prasad, Director - Finance and Administration at V3, said, "The product design highlighted by Wipro is completely different from the design adopted by V3. V3 has been manufacturing several such products since 2005, that is three years prior to the date of registration of design by Wipro. We've never resorted to copying any company's design.
"We have been using the `contentious' designs for the 15 years and we've indigenously designed and manufactured over 300 products."
"WIPRO was in fact a customer to V3 till the year 2005 and over 10000 work stations have been installed in their units across divisions."
"It was surprising when Wipro filed a case against us. Though we are aware that IP is not that strong in India, we will never indulge in infringement activities. We are an ethical company and abide to the laws of the country."
"We are active members of AFMI, a forum to which major furniture manufacturers are members to. They could have sought a redressal by this forum."
V3's Senior Counsel Mr. Hari Holla said "The judge noticed by examining documents, designs and manufactured products by V3 that there are no visible similarities or similarities in materials used; the design, cross sections and construction shape of the legs and dismissed the suit with costs in favour of V3."
The judge categorically quoted "In order that there may be 'Novelty', so as to sustain a patent, the thing must not have been known to anyone before, mere novelty of form being insufficient".
"In order to attract infringement, there must be deceptive similarities. If the designs are not distinctly similar in the eye of the customer, there is no question of infringement".
The courts held that there is no prima facie case against V3 ENGINEERS and vacated the temporary injunction granted earlier.
About V3 ENGINEERS:
Established in 1990, V3 is a pioneer and one of India's largest Modular Furniture Manufacturers. V3 is backed by its repute of over 20 years of excellence & operates from a state of the art manufacturing facility.
-- Total land area - 32 Acres
-- Production Floors - 1,20,000 sqft
-- Services - 22,000 sqft
-- Administration - 10,000 sqft
Installed Production Capacity - Yearly
-- 90,000 Workstations
-- 90,000 Pedestals
-- 40,000 Storages
-- 6,000 Kitchen cabinets
-- 6,500 Wardrobes
-- 3,60,0000 Doors
V3 ENGINEERS operates under three verticals - Officezone - Ergonomically designed furniture for office spaces, Homezone - Exquisite Kitchens and Wardrobes for homes & Interiorz - Total turnkey solutions for commercial spaces.
Several products from V3 are patented and more are in the pipeline.
V3 is focused and committed to delivering robust product lines complementing evolving interior challenges.
CONTACT DETAILS
Karthy Prasanna, V3 ENGINEERS PVT LTD, +91-9686260350, karthy@brand-comm.com
KEYWORDS
CONSUMER, COMMODITIES, 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.
Submit your press release at http://www.businesswireindia.com
BWI: Pankaj Jaiswal, CMD - DotCom Services India Private Limited [ www.worldindia.com ] on Behalf of his Organisation Wins 'India's Most Promising IT & Web Solutions Company' Award at the India Leadership Conclave 2011
Press release from Business Wire India
Source: DotCom Services India Private Limited
Thursday, April 28, 2011 05:41 PM IST (12:11 PM GMT)
Editors: General: Consumer interest, People, Politics, Social issues; Business: Advertising, PR & marketing, Business services, Information technology, Major diversified industrial groups, Media & entertainment; Technology
--------------------------------------------------
Pankaj Jaiswal, CMD - DotCom Services India Private Limited [ www.worldindia.com ] on Behalf of his Organisation Wins 'India's Most Promising IT & Web Solutions Company' Award at the India Leadership Conclave 2011
Fast-growing provider of full suite of web solutions including domain registration, web hosting and web development honoured for rapid growth from a start-up to a leader with operations in several states across India.
Mumbai, Maharashtra, India, Thursday, April 28, 2011 -- (Business Wire India) -- DotCom Services India Private Limited [ www.worldindia.com ], a leading provider of end-to-end web solutions in India, has been recognized as 'India's Most Promising IT & Web Solutions Company', at the recently-concluded India Leadership Conclave 2011. The award was received by Mr. Pankaj Jaiswal, Founder, Chairman and Managing Director, DotCom Services. The company provides a full suite of Internet-related services from domain registration and web hosting to design /development of websites and complex web-based applications.
DotCom Services India Private Limited [ www.worldindia.com ] won the award in its category for growing from a small start-up to a successful web solutions company with thousands of satisfied customers from across India and the globe. Founded 11 years ago with a capital of INR 50,000, Pankaj R. Jaiswal and co-founder Susheel Rao have overseen the development of the organisation into a recognized web services provider in India.
"Right from being the first Premier Partner of Network Solutions in India , we were among the first to provide end-to-end web solutions in the country. We feel proud to have contributed to the current Internet revolution in the country and helping numerous businesses get online," said Pankaj Jaiswal. "We are indeed honoured and humbled to be chosen for this prestigious award. It is a reflection of the hard work and commitment of our team to deliver high-quality and reliable web solutions matched with top notch customer service. This acknowledgement is more motivation for us to raise the bar of our product and service offerings.
"We are committed to play an even greater role as we help both small and large businesses benefit from the power of the web, while adhering to our core values and strengths of a comprehensive web services portfolio, focus on service quality and customer delight."
India Leadership Conclave 2011 was organized by Indian Affairs in association with Indo-American Chamber of Commerce (IACC) with the theme of "AAM ADMI (AN ORDINARY INDIAN) - BEYOND ROTI, KAPDA & MAKAN (BEYOND BASIC NECESSITIES)".More than 300 business tycoons, media magnates, social activists, ministers and policy makers attended the 2nd edition of this prestigious conclave.Over 3 Lacs votes were cast in different segments & the big awards were anxiously awaited as the result was announced by Shri Sanjay Narupam, Member of Parliament & key Member of Indian National Congress. Indian Affair's business Leadership Awards recognize the significant accomplishments of individuals and organizations in the global Corporate industries in the areas of different key verticals. These awards have been designed with the broad support and unbiased contributions of industry and academic advisors, a well respected international accounting firm and the production team of Indian Affairs under the supervision of Editor-In-Chief of Indian Affairs Magazine( www.indianaffairs.in).
Honorees are determined through a comprehensive international nomination process and winners selected by a diverse, forty-person Executive Review Board made up of members from small and large organizations.
Other luminaries who rcvd the award included Dr. Lalit S. Kanodia, Founder & Chairman, Datamatics; Suresh Subramaniam, Director, Pfizer Ltd; Rajeev Kapoor, CEO, Fiat India; G.R.K. Reddy, CMD, MARG; Shailendra Singh , JMD Percept Media;Anand Desai, Managing Partner, DSK Legal; Huzaifa Khorakiwala, Executive Director, Wockhardt Ltd. & CEO, Wockhardt Foundation; Agnelorajesh Athaide,CMD, St Angelos Ltd etc.
About DotCom Services
Headquartered in Mumbai, DotCom Services (India) Pvt Ltd ( www.worldindia.com ) is a provider of a comprehensive range of Information Technology (IT) solutions and services. One of the largest domain name registration and web hosting companies in India, DotCom Services caters to a diversified clientele of more than 5000 customers ranging from small businesses looking for reliable Web hosting packages to multi-national corporations looking for dedicated Web hosting, Critical Web based Programming and IT support. DotCom Services is committed to delivering best-in-class service and support and fulfil its mission to be a leader in the IT / web services business.
To view the photograph, please click o the link given below:
Award
For picture(s)/data to illustrate this release click below:
http://www.BusinessWireIndia.com/attachments/Pic_1(429).JPG
Pic_1(429).JPG
CONTACT DETAILS
Media Cell, DotCom Services India Private Limited, +91 (22) 40811111, webmaster@worldindia.com
KEYWORDS
CONSUMER, PEOPLE, POLITICS, SOCIAL, MARKETING, BUSINESS SERVICES, GROUPS, MEDIA, 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: DotCom Services India Private Limited
Thursday, April 28, 2011 05:41 PM IST (12:11 PM GMT)
Editors: General: Consumer interest, People, Politics, Social issues; Business: Advertising, PR & marketing, Business services, Information technology, Major diversified industrial groups, Media & entertainment; Technology
--------------------------------------------------
Pankaj Jaiswal, CMD - DotCom Services India Private Limited [ www.worldindia.com ] on Behalf of his Organisation Wins 'India's Most Promising IT & Web Solutions Company' Award at the India Leadership Conclave 2011
Fast-growing provider of full suite of web solutions including domain registration, web hosting and web development honoured for rapid growth from a start-up to a leader with operations in several states across India.
Mumbai, Maharashtra, India, Thursday, April 28, 2011 -- (Business Wire India) -- DotCom Services India Private Limited [ www.worldindia.com ], a leading provider of end-to-end web solutions in India, has been recognized as 'India's Most Promising IT & Web Solutions Company', at the recently-concluded India Leadership Conclave 2011. The award was received by Mr. Pankaj Jaiswal, Founder, Chairman and Managing Director, DotCom Services. The company provides a full suite of Internet-related services from domain registration and web hosting to design /development of websites and complex web-based applications.
DotCom Services India Private Limited [ www.worldindia.com ] won the award in its category for growing from a small start-up to a successful web solutions company with thousands of satisfied customers from across India and the globe. Founded 11 years ago with a capital of INR 50,000, Pankaj R. Jaiswal and co-founder Susheel Rao have overseen the development of the organisation into a recognized web services provider in India.
"Right from being the first Premier Partner of Network Solutions in India , we were among the first to provide end-to-end web solutions in the country. We feel proud to have contributed to the current Internet revolution in the country and helping numerous businesses get online," said Pankaj Jaiswal. "We are indeed honoured and humbled to be chosen for this prestigious award. It is a reflection of the hard work and commitment of our team to deliver high-quality and reliable web solutions matched with top notch customer service. This acknowledgement is more motivation for us to raise the bar of our product and service offerings.
"We are committed to play an even greater role as we help both small and large businesses benefit from the power of the web, while adhering to our core values and strengths of a comprehensive web services portfolio, focus on service quality and customer delight."
India Leadership Conclave 2011 was organized by Indian Affairs in association with Indo-American Chamber of Commerce (IACC) with the theme of "AAM ADMI (AN ORDINARY INDIAN) - BEYOND ROTI, KAPDA & MAKAN (BEYOND BASIC NECESSITIES)".More than 300 business tycoons, media magnates, social activists, ministers and policy makers attended the 2nd edition of this prestigious conclave.Over 3 Lacs votes were cast in different segments & the big awards were anxiously awaited as the result was announced by Shri Sanjay Narupam, Member of Parliament & key Member of Indian National Congress. Indian Affair's business Leadership Awards recognize the significant accomplishments of individuals and organizations in the global Corporate industries in the areas of different key verticals. These awards have been designed with the broad support and unbiased contributions of industry and academic advisors, a well respected international accounting firm and the production team of Indian Affairs under the supervision of Editor-In-Chief of Indian Affairs Magazine( www.indianaffairs.in).
Honorees are determined through a comprehensive international nomination process and winners selected by a diverse, forty-person Executive Review Board made up of members from small and large organizations.
Other luminaries who rcvd the award included Dr. Lalit S. Kanodia, Founder & Chairman, Datamatics; Suresh Subramaniam, Director, Pfizer Ltd; Rajeev Kapoor, CEO, Fiat India; G.R.K. Reddy, CMD, MARG; Shailendra Singh , JMD Percept Media;Anand Desai, Managing Partner, DSK Legal; Huzaifa Khorakiwala, Executive Director, Wockhardt Ltd. & CEO, Wockhardt Foundation; Agnelorajesh Athaide,CMD, St Angelos Ltd etc.
About DotCom Services
Headquartered in Mumbai, DotCom Services (India) Pvt Ltd ( www.worldindia.com ) is a provider of a comprehensive range of Information Technology (IT) solutions and services. One of the largest domain name registration and web hosting companies in India, DotCom Services caters to a diversified clientele of more than 5000 customers ranging from small businesses looking for reliable Web hosting packages to multi-national corporations looking for dedicated Web hosting, Critical Web based Programming and IT support. DotCom Services is committed to delivering best-in-class service and support and fulfil its mission to be a leader in the IT / web services business.
To view the photograph, please click o the link given below:
Award
For picture(s)/data to illustrate this release click below:
http://www.BusinessWireIndia.com/attachments/Pic_1(429).JPG
Pic_1(429).JPG
CONTACT DETAILS
Media Cell, DotCom Services India Private Limited, +91 (22) 40811111, webmaster@worldindia.com
KEYWORDS
CONSUMER, PEOPLE, POLITICS, SOCIAL, MARKETING, BUSINESS SERVICES, GROUPS, MEDIA, 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: Polaris Grows 9% q-o-q; Quarterly Revenues Poised to Cross $100 Million
Press release from Business Wire India
Source: Polaris Software Lab Limited
Thursday, April 28, 2011 04:56 PM IST (11:26 AM GMT)
Editors: General: Consumer interest, Economy; Business: Banking & financial services, Business services, Financial Analyst, Information technology, Media & entertainment; Technology
--------------------------------------------------
Polaris Grows 9% q-o-q; Quarterly Revenues Poised to Cross $100 Million
IntellectTM Revenues Cross Rs 100cr for the Quarter
Chennai, Tamil Nadu, India, Thursday, April 28, 2011 -- (Business Wire India) -- Polaris Software Lab Limited (POLS.BO), a leading global Financial Technology company, today announced the fourth quarter and annual results for FY 2010-11. The company delivered strong and stable results led by impressive product wins, multiple large engagements with leading Tier 1 global banks & financial institutions and further consolidated its market presence in key business geographies.
Key Performance metrics
For the quarter ended 31 March 2011, Revenue grew by 9% Q-o-Q to Rs. 437.53 crore from Rs. 399.9 crore and 25% Y-o-Y to Rs. 437.53 crore from Rs. 351.04 crore. Profit after Tax (PAT) grew by 15% Q-o-Q to Rs. 57.58 crore from Rs. 50.13 crore and 26% Y-o-Y to Rs. 57.58 crore from Rs.45.74 crore.
In dollar terms, Revenue grew by 8% Q-o-Q to 96.67 million from USD 89.12 million and 27% Y-o-Y to USD 96.67 million from USD 76.41 million. Profit after Tax (PAT) grew by 14% Q-o-Q to USD 12.72 million from USD 11.17 million and 28% Y-o-Y to USD 12.72 million from USD 9.96 million.
For the year ended 31 March 2011, Total income grew by 21% to Rs 1612 crore from 1327 and Profit after Tax (PAT) grew by 32% Y-o-Y to Rs. 202 crore from Rs. 153 crore.
In dollar terms, Total income grew by 26% to USD 354 million from USD 280 million and Profit after Tax (PAT) grew by 38% Y-o-Y to USD 44 million from USD 32 million.
The Board of Directors recommended a dividend of Rs 4.50 per share (90%) on the equity share capital of the company for fiscal 2011.
Highlights for the quarter ended March 31, 2011
. IntellectTM revenues crossed Rs 100 crore, and 16 new IntellectTM wins were recorded in the quarter
. Subsequent to the huge traction we saw after Sibos, we incrementally invested Rs 7 crore in Sales & Marketing.
. The Days Sales Outstanding (DSO) stood at 45 days, reflecting high customer satisfaction and extreme execution
. Offshore revenue increased by 148 basis points at 57.71%, showing an increase of 13% sequentially in dollar terms, representing a strong Global Delivery Model
. Cash and cash equivalents stood at Rs. 514 crore at the end of the quarter
. The company is consistently converting EBITDA into free cash
. Americas contributed 44%, Europe 24%, IMEA 14% and Asia Pacific 18% of the quarter revenues.
A strategic investment into a US based company, IdenTrustTM marked the company's entry into the challenging world of cloud computing. IdenTrustTM, a global leader in identity authentication solutions helped complete Polaris' suite by bringing the critical security element into its highly comprehensive Financial Infrastructure solutions.
In a year that stood for 'Promises Delivered' Polaris signed off the year on a high note by meeting all the expectations that were set in the previous quarters.
IntellectTM Business
IntellectTM registered 16 wins during the fourth quarter, and IntellectTM sales contributed to 23% of the quarterly revenue.
Polaris signed 8 transformational deals in the quarter across verticals and geographies. The big ticket wins included a leading global bank which picked Polaris' IntellectTM Liquidity for its Cash and Trade Management solutions for the APAC region. IntellectTM Liquidity was the solution of choice for two other leading banks in Europe. One of the top 10 global banks chose our Funds Control solution, while another picked IntellectTM Receivables Management to enhance their Corporate Banking services.
Insurance business saw 3 marquee deals in the quarter, from the largest players in Europe. IntellectTM Claims went live with one of the most reputed Life Insurance providers in India, and simultaneously, IntellectTM Claims 2.0 went live in both Life and P&C segments at one of Australia's leading Insurance providers.
FT Sourcing (Managed Services)
Polaris signed three large deals with top global banks based out of the US. In order to meet the demands of a large managed service business, we expanded our facilities across the country. The company opened an office in Bengaluru to support key clients and the Pune facility added another 200 seats. Two new facilities opened at Chennai will soon be ready to have a combined seating capacity of around 3000.
Continued investment in R&D
Polaris has launched a Mobile Banking Centre of Excellence, as part of its state-of-the art Technology Delivery and R&D Centre in China. This Mobile CoE will address the needs of the Mobile Customer and will further enhance Polaris' capabilities in the Mobile Banking space. It includes an Application Certification and Testing Centre which allows banks and other financial institutions to automate the testing of Business Applications.
As part its commitment to research and innovation, Polaris filed for 4 patents and 9 trademarks in India.
Awards and Recognition
Polaris has consistently been recognized and awarded by analysts and other influencers, while the product's technical superiority was feted with prestigious awards.
. Polaris received two prestigious 'Technology Implementation Awards' at the 5th Asian Banker Awards. The company won the 'Best Core Banking Implementation for Small-Sized Banks' for its implementation at Saigon Hanoi Bank (SHB) for competently managing the risks during the project implementation stage, enabling the bank to scale up its operations. Polaris also won the 'Best Banking Application' award for developing a multi-country single-instance application that integrated front to back-end operations and provided actionable information for relationship managers at SAMBA Financial Group
. Our inclusive CSR initiative SAMPADA (Special Appreciation & Mentoring Program Acknowledging Differently Abled) was awarded the Best CSR Practice Award, at the 6th BSE Social and Corporate Governance Awards held in Mumbai in the month of February.
. Polaris has been certified by American Society for Training & Development (ASTD), the world's largest association dedicated to workplace learning and performance professionals as a 'Champion of Learning' for its contribution towards imparting learning programs among employees throughout the organization.
Arun Jain, Founder, Chairman & CEO, said, "The clear mission we set for ourselves 3 years ago was Repeatable Predictable Profitable Growth, with single minded focus on taking leadership in the Financial Technology space. I must thank the Polaris Leadership team for demonstrating sustained results over the last 12 quarters, both in terms of higher customer satisfaction and superior product innovation. Our sales funnel has grown from $300 Million to $610 Million this year, reflecting our emphatic positioning as a Global Financial Technology Leader."
Govind Singhal, President & COO, Polaris Software., said, "Our pro-active investments in account management and moving the business to managed services has helped us to grow over 28% in the Top 20 accounts. With our growth engines firing on all cylinders, we kept our focus on impeccable execution."
R. Srikanth, President & CFO, Polaris Software, said, "At the end of this fiscal, I am happy to see that our team has delivered on our EPS guidance at 32% (Rs. 20.43), along with building a huge traction for next year. We are confident of having revenue growth between 22 - 25% in the coming year, ahead of the industry growth average."
About Polaris Software Lab
Polaris Software Lab (POLS.BO) is a leading Financial Technology company, with its comprehensive portfolio of products, services and consulting. Polaris has a talent strength of over 10,000 solution architects, domain and technology experts. The company owns the largest set of Intellectual Properties in the form of a comprehensive product suite, IntellectTM Global Universal Banking (GUB) 10.0. IntellectTM is the first pure play SOA based application suite for Retail, Corporate, Investment banking and Insurance.
Polaris is headquartered in Chennai and has offices in all global financial hubs including Tokyo, Sydney, Hong Kong, Singapore, India, Dubai, Bahrain, Riyadh, London, Belfast, Zurich, Frankfurt, Toronto, New York, Chicago, Fremont, Pittsburgh and Chile. For more information, please visit http://www.polarisFT.com/
Investor Conference Call
Polaris Software Lab Ltd. will host an Investors Conference Call, where the Senior Management of Polaris will comment on the company's performance during the fourth quarter ended March 31, 2010 and respond to questions from participants. The conference call will take place at 17:00 Hrs IST on Thursday, April 28, 2011.
To participate in the conference call, please dial the numbers given below five minutes ahead of schedule. The transcript of this conference call will be available within 72 working hours at website, http://www.polarisFT.com/ in the investor section.
The dial numbers to join the conference call
Conference Name : Polaris Q4-2010-11 Investor Earnings Call
Date : 28th April 2011
Time : 17:00 HRS IST
Conference ID : 62017259
ACCESS NUMBERS
REPLAY : [28th April 2011 to 30th April 2011]
Replay ID/Conference # : 62017259
Primary Access Number : 02230360400
To view the Financial Results table, please click on the link given below:
Financial Results for the Fourth Quarter and Year Ended March 31, 2011
For picture(s)/data to illustrate this release click below:
http://www.BusinessWireIndia.com/attachments/Financial Results for the Fourth Quarter and Year Ended March 31, 2011.pdf
Financial Results for the Fourth Quarter and Year Ended March 31, 2011.pdf
CONTACT DETAILS
Dwaipayan Deb, Polaris Software Lab Limited, +91 9962536442, dwaipayan.d@polaris.co.in
KEYWORDS
CONSUMER, ECONOMY, BANKING, BUSINESS SERVICES, Financial Analyst, IT, MEDIA, 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: Polaris Software Lab Limited
Thursday, April 28, 2011 04:56 PM IST (11:26 AM GMT)
Editors: General: Consumer interest, Economy; Business: Banking & financial services, Business services, Financial Analyst, Information technology, Media & entertainment; Technology
--------------------------------------------------
Polaris Grows 9% q-o-q; Quarterly Revenues Poised to Cross $100 Million
IntellectTM Revenues Cross Rs 100cr for the Quarter
Chennai, Tamil Nadu, India, Thursday, April 28, 2011 -- (Business Wire India) -- Polaris Software Lab Limited (POLS.BO), a leading global Financial Technology company, today announced the fourth quarter and annual results for FY 2010-11. The company delivered strong and stable results led by impressive product wins, multiple large engagements with leading Tier 1 global banks & financial institutions and further consolidated its market presence in key business geographies.
Key Performance metrics
For the quarter ended 31 March 2011, Revenue grew by 9% Q-o-Q to Rs. 437.53 crore from Rs. 399.9 crore and 25% Y-o-Y to Rs. 437.53 crore from Rs. 351.04 crore. Profit after Tax (PAT) grew by 15% Q-o-Q to Rs. 57.58 crore from Rs. 50.13 crore and 26% Y-o-Y to Rs. 57.58 crore from Rs.45.74 crore.
In dollar terms, Revenue grew by 8% Q-o-Q to 96.67 million from USD 89.12 million and 27% Y-o-Y to USD 96.67 million from USD 76.41 million. Profit after Tax (PAT) grew by 14% Q-o-Q to USD 12.72 million from USD 11.17 million and 28% Y-o-Y to USD 12.72 million from USD 9.96 million.
For the year ended 31 March 2011, Total income grew by 21% to Rs 1612 crore from 1327 and Profit after Tax (PAT) grew by 32% Y-o-Y to Rs. 202 crore from Rs. 153 crore.
In dollar terms, Total income grew by 26% to USD 354 million from USD 280 million and Profit after Tax (PAT) grew by 38% Y-o-Y to USD 44 million from USD 32 million.
The Board of Directors recommended a dividend of Rs 4.50 per share (90%) on the equity share capital of the company for fiscal 2011.
Highlights for the quarter ended March 31, 2011
. IntellectTM revenues crossed Rs 100 crore, and 16 new IntellectTM wins were recorded in the quarter
. Subsequent to the huge traction we saw after Sibos, we incrementally invested Rs 7 crore in Sales & Marketing.
. The Days Sales Outstanding (DSO) stood at 45 days, reflecting high customer satisfaction and extreme execution
. Offshore revenue increased by 148 basis points at 57.71%, showing an increase of 13% sequentially in dollar terms, representing a strong Global Delivery Model
. Cash and cash equivalents stood at Rs. 514 crore at the end of the quarter
. The company is consistently converting EBITDA into free cash
. Americas contributed 44%, Europe 24%, IMEA 14% and Asia Pacific 18% of the quarter revenues.
A strategic investment into a US based company, IdenTrustTM marked the company's entry into the challenging world of cloud computing. IdenTrustTM, a global leader in identity authentication solutions helped complete Polaris' suite by bringing the critical security element into its highly comprehensive Financial Infrastructure solutions.
In a year that stood for 'Promises Delivered' Polaris signed off the year on a high note by meeting all the expectations that were set in the previous quarters.
IntellectTM Business
IntellectTM registered 16 wins during the fourth quarter, and IntellectTM sales contributed to 23% of the quarterly revenue.
Polaris signed 8 transformational deals in the quarter across verticals and geographies. The big ticket wins included a leading global bank which picked Polaris' IntellectTM Liquidity for its Cash and Trade Management solutions for the APAC region. IntellectTM Liquidity was the solution of choice for two other leading banks in Europe. One of the top 10 global banks chose our Funds Control solution, while another picked IntellectTM Receivables Management to enhance their Corporate Banking services.
Insurance business saw 3 marquee deals in the quarter, from the largest players in Europe. IntellectTM Claims went live with one of the most reputed Life Insurance providers in India, and simultaneously, IntellectTM Claims 2.0 went live in both Life and P&C segments at one of Australia's leading Insurance providers.
FT Sourcing (Managed Services)
Polaris signed three large deals with top global banks based out of the US. In order to meet the demands of a large managed service business, we expanded our facilities across the country. The company opened an office in Bengaluru to support key clients and the Pune facility added another 200 seats. Two new facilities opened at Chennai will soon be ready to have a combined seating capacity of around 3000.
Continued investment in R&D
Polaris has launched a Mobile Banking Centre of Excellence, as part of its state-of-the art Technology Delivery and R&D Centre in China. This Mobile CoE will address the needs of the Mobile Customer and will further enhance Polaris' capabilities in the Mobile Banking space. It includes an Application Certification and Testing Centre which allows banks and other financial institutions to automate the testing of Business Applications.
As part its commitment to research and innovation, Polaris filed for 4 patents and 9 trademarks in India.
Awards and Recognition
Polaris has consistently been recognized and awarded by analysts and other influencers, while the product's technical superiority was feted with prestigious awards.
. Polaris received two prestigious 'Technology Implementation Awards' at the 5th Asian Banker Awards. The company won the 'Best Core Banking Implementation for Small-Sized Banks' for its implementation at Saigon Hanoi Bank (SHB) for competently managing the risks during the project implementation stage, enabling the bank to scale up its operations. Polaris also won the 'Best Banking Application' award for developing a multi-country single-instance application that integrated front to back-end operations and provided actionable information for relationship managers at SAMBA Financial Group
. Our inclusive CSR initiative SAMPADA (Special Appreciation & Mentoring Program Acknowledging Differently Abled) was awarded the Best CSR Practice Award, at the 6th BSE Social and Corporate Governance Awards held in Mumbai in the month of February.
. Polaris has been certified by American Society for Training & Development (ASTD), the world's largest association dedicated to workplace learning and performance professionals as a 'Champion of Learning' for its contribution towards imparting learning programs among employees throughout the organization.
Arun Jain, Founder, Chairman & CEO, said, "The clear mission we set for ourselves 3 years ago was Repeatable Predictable Profitable Growth, with single minded focus on taking leadership in the Financial Technology space. I must thank the Polaris Leadership team for demonstrating sustained results over the last 12 quarters, both in terms of higher customer satisfaction and superior product innovation. Our sales funnel has grown from $300 Million to $610 Million this year, reflecting our emphatic positioning as a Global Financial Technology Leader."
Govind Singhal, President & COO, Polaris Software., said, "Our pro-active investments in account management and moving the business to managed services has helped us to grow over 28% in the Top 20 accounts. With our growth engines firing on all cylinders, we kept our focus on impeccable execution."
R. Srikanth, President & CFO, Polaris Software, said, "At the end of this fiscal, I am happy to see that our team has delivered on our EPS guidance at 32% (Rs. 20.43), along with building a huge traction for next year. We are confident of having revenue growth between 22 - 25% in the coming year, ahead of the industry growth average."
About Polaris Software Lab
Polaris Software Lab (POLS.BO) is a leading Financial Technology company, with its comprehensive portfolio of products, services and consulting. Polaris has a talent strength of over 10,000 solution architects, domain and technology experts. The company owns the largest set of Intellectual Properties in the form of a comprehensive product suite, IntellectTM Global Universal Banking (GUB) 10.0. IntellectTM is the first pure play SOA based application suite for Retail, Corporate, Investment banking and Insurance.
Polaris is headquartered in Chennai and has offices in all global financial hubs including Tokyo, Sydney, Hong Kong, Singapore, India, Dubai, Bahrain, Riyadh, London, Belfast, Zurich, Frankfurt, Toronto, New York, Chicago, Fremont, Pittsburgh and Chile. For more information, please visit http://www.polarisFT.com/
Investor Conference Call
Polaris Software Lab Ltd. will host an Investors Conference Call, where the Senior Management of Polaris will comment on the company's performance during the fourth quarter ended March 31, 2010 and respond to questions from participants. The conference call will take place at 17:00 Hrs IST on Thursday, April 28, 2011.
To participate in the conference call, please dial the numbers given below five minutes ahead of schedule. The transcript of this conference call will be available within 72 working hours at website, http://www.polarisFT.com/ in the investor section.
The dial numbers to join the conference call
Conference Name : Polaris Q4-2010-11 Investor Earnings Call
Date : 28th April 2011
Time : 17:00 HRS IST
Conference ID : 62017259
ACCESS NUMBERS
MUMBAI : Primary Access Toll Number : 02230360400
BANGALORE : Primary Access Toll Number : 08030360400
DELHI : Primary Access Toll Number : 01130360400
CHENNAI : Primary Access Toll Number : 04430360400
HONK KONG : Primary Access Toll free Number : 800901420
SINGAPORE : Primary Access Toll free Number : 8001011906
US and Canada : Primary Access Toll free Number : 18663944523
REPLAY : [28th April 2011 to 30th April 2011]
Replay ID/Conference # : 62017259
Primary Access Number : 02230360400
To view the Financial Results table, please click on the link given below:
Financial Results for the Fourth Quarter and Year Ended March 31, 2011
For picture(s)/data to illustrate this release click below:
http://www.BusinessWireIndia.com/attachments/Financial Results for the Fourth Quarter and Year Ended March 31, 2011.pdf
Financial Results for the Fourth Quarter and Year Ended March 31, 2011.pdf
CONTACT DETAILS
Dwaipayan Deb, Polaris Software Lab Limited, +91 9962536442, dwaipayan.d@polaris.co.in
KEYWORDS
CONSUMER, ECONOMY, BANKING, BUSINESS SERVICES, Financial Analyst, IT, MEDIA, 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: Bosch Power Tools Launches their First Bosch Systems Specialist in Bangalore
Press release from Business Wire India
Source: Bosch
Thursday, April 28, 2011 05:00 PM IST (11:30 AM GMT)
Editors: General: Consumer interest, People; Business: Advertising, PR & marketing, Business services, Electronic appliances & components, Heavy industries, Information technology, Retailers; Technology
--------------------------------------------------
Bosch Power Tools Launches their First Bosch Systems Specialist in Bangalore
Sabeel Enterprises becomes the 1st Bosch System Specialist (BSS) in Bangalore
Bangalore, Karnataka, India, Thursday, April 28, 2011 -- (Business Wire India) -- Bosch Power Tools, today, inaugurated its first Bosch System Specialist (BSS) in Bangalore in collaboration with Sabeel Enterprises located at 60 & 61 S.J.P.Road P.B. No 6899 Bangalore. The new center was inaugurated by Mr. Vijay Pandey, Vice President, Bosch Power Tools, India. This outlet in Bangalore is the 37th BSS in India. It is also the first outlet to be launched in the garden city. With this launch Bosch Power Tools reinforces its effort of customer satisfaction by enabling them to experience and buy the complete range of professional and Do-it-yourself tools, and accessories at affordable prices.
Spread over an area of approximately 840 square feet, the outlet has an exclusive demonstration area where customers will get a chance to experience a complete range of the immensely popular Bosch Power Tools. They can also look forward to expert advice on Power Tools. BSS is a premium retail concept which enables an existing authorized Bosch Power Tool dealer to set up an attractive, best in class display of the latest most innovative Bosch Power Tools. The latest BSS outlet in Bangalore dons a completely new, international look which follows the display concept and guidelines used across the world, providing customers with a consistent Bosch brand experience. Speaking on the occasion, Mr. Vijay Pandey, Vice-President, Bosch Power Tools India, said, "We are pleased to extend the Bosch Systems Specialist status to Sabeel Enterprises and are confident that this will be a successful and satisfying long-term relationship. The BSS concept has been a booming hit all around as it offers customers the complete Bosch experience of viewing, trying and buying from the entire range of power tools under one roof. Our dealers also benefit by being able to provide greater customer satisfaction by offering sales and service at the same place."
BSS is seen as a prestigious move for dealers for their excellent performance and loyalty to Bosch. The selection of a BSS passes through stringent criteria such as the business record, payment terms, location etc., which is decided by a panel of Bosch Power Tools Management. As a BSS dealer, Sabeel Enterprises is also entitled for extra support from Bosch in terms of manpower and training.
Commenting on their association with Bosch Power Tools, Ms. Rubina Mody, Proprietor, Sabeel Enterprises said, "It is a moment of great pride and happiness to be the first Bosch Systems Specialist in Bangalore. Bosch Power Tools is renowned for its wide range of professional and Do-it-yourself tools, and its world-class innovative display systems. This association will enable us to offer a better and broader range of choice to our valuable customers and enhance their experience."
Bosch Power Tools already has more than 36 BSS outlets across the country and plans to increase the number to 50 by the end of 2012.
About Bosch Group
The Bosch Group is a leading global supplier of technology and services. In the areas of automotive and industrial technology, consumer goods, and building technology, some 275,000 associates generated sales of 38.2 billion euros in fiscal 2009. The Bosch Group comprises Robert Bosch GmbH and its more than 300 subsidiaries and regional companies in over 60 countries. If its sales and service partners are included, then Bosch is represented in roughly 150 countries. This worldwide development, manufacturing, and sales network are the foundation for growth. Each year, Bosch spends more than 3.5 billion Euros for research and development, and applies for some 3,800 patents worldwide. With all its products and services, Bosch enhances the quality of life by providing solutions which are both innovative and beneficial.
The company was set up in Stuttgart in 1886 by Robert Bosch (1861-1942) as "Workshop for Precision Mechanics and Electrical Engineering." The special ownership structure of Robert Bosch GmbH guarantees the entrepreneurial freedom of the Bosch Group, making it possible for the company to plan over the long term and to undertake significant up-front investments in the safeguarding of its future. Ninety-two percent of the share capital of Robert Bosch GmbH is held by Robert Bosch Stiftung GmbH, a charitable foundation. The majority of voting rights are held by Robert Bosch Industrietreuhand KG, an industrial trust. The entrepreneurial ownership functions are carried out by the trust. The remaining shares are held by the Bosch family and by Robert Bosch GmbH
About Bosch in India:
In India, Bosch is a leading supplier of technology and services in the areas of automotive and industrial technology, consumer goods and building technology. Additionally, Bosch also has in India, the largest development centre, outside Germany, for end to end engineering and technology solutions. The Bosch Group operates in India through six companies, viz, Bosch Limited, Bosch Chassis Systems India Limited, Bosch Rexroth India Limited, Robert Bosch Engineering and Business Solutions Limited, Bosch Automotive Electronics India Pvt Ltd, Bosch Electrical Drives India Pvt Ltd.. Bosch Limited operates in Automotive Technology, Industrial Technology and Consumer goods & Building Technology business sectors. In India, Bosch set up its manufacturing operation in 1953, which has grown over the years to 13 manufacturing sites and 4 development centres employing some 19000 associates and generating a consolidated revenue of over Rs. 6400 crore in 2009 with Bosch Limited revenue alone nearly 4850 crores.
Additional information can be accessed at
www.boschindia.com
www.bosch.com
To view the photograph, please click on the link given below:
Bosch Power Tools launches its first Bosch System Specialist in Bangalore along with Sabeel Enterprises on Thursday, 28th April 2011
For picture(s)/data to illustrate this release click below:
http://www.BusinessWireIndia.com/attachments/Pic_1(428).JPG
Bosch Power Tools launches its first Bosch System Specialist in Bangalore along with Sabeel Enterprises on Thursday, 28th April 2011
CONTACT DETAILS
Dinesh Kumard, Bosch, +91(80) 22992954
Anandhi Viswanathan, Genesis Burson Marsteller, +91 9886910508
KEYWORDS
CONSUMER, PEOPLE, MARKETING, BUSINESS SERVICES, ELECTRONICS, HEAVY INDUSTRIES, IT, RETAIL, 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: Bosch
Thursday, April 28, 2011 05:00 PM IST (11:30 AM GMT)
Editors: General: Consumer interest, People; Business: Advertising, PR & marketing, Business services, Electronic appliances & components, Heavy industries, Information technology, Retailers; Technology
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Bosch Power Tools Launches their First Bosch Systems Specialist in Bangalore
Sabeel Enterprises becomes the 1st Bosch System Specialist (BSS) in Bangalore
Bangalore, Karnataka, India, Thursday, April 28, 2011 -- (Business Wire India) -- Bosch Power Tools, today, inaugurated its first Bosch System Specialist (BSS) in Bangalore in collaboration with Sabeel Enterprises located at 60 & 61 S.J.P.Road P.B. No 6899 Bangalore. The new center was inaugurated by Mr. Vijay Pandey, Vice President, Bosch Power Tools, India. This outlet in Bangalore is the 37th BSS in India. It is also the first outlet to be launched in the garden city. With this launch Bosch Power Tools reinforces its effort of customer satisfaction by enabling them to experience and buy the complete range of professional and Do-it-yourself tools, and accessories at affordable prices.
Spread over an area of approximately 840 square feet, the outlet has an exclusive demonstration area where customers will get a chance to experience a complete range of the immensely popular Bosch Power Tools. They can also look forward to expert advice on Power Tools. BSS is a premium retail concept which enables an existing authorized Bosch Power Tool dealer to set up an attractive, best in class display of the latest most innovative Bosch Power Tools. The latest BSS outlet in Bangalore dons a completely new, international look which follows the display concept and guidelines used across the world, providing customers with a consistent Bosch brand experience. Speaking on the occasion, Mr. Vijay Pandey, Vice-President, Bosch Power Tools India, said, "We are pleased to extend the Bosch Systems Specialist status to Sabeel Enterprises and are confident that this will be a successful and satisfying long-term relationship. The BSS concept has been a booming hit all around as it offers customers the complete Bosch experience of viewing, trying and buying from the entire range of power tools under one roof. Our dealers also benefit by being able to provide greater customer satisfaction by offering sales and service at the same place."
BSS is seen as a prestigious move for dealers for their excellent performance and loyalty to Bosch. The selection of a BSS passes through stringent criteria such as the business record, payment terms, location etc., which is decided by a panel of Bosch Power Tools Management. As a BSS dealer, Sabeel Enterprises is also entitled for extra support from Bosch in terms of manpower and training.
Commenting on their association with Bosch Power Tools, Ms. Rubina Mody, Proprietor, Sabeel Enterprises said, "It is a moment of great pride and happiness to be the first Bosch Systems Specialist in Bangalore. Bosch Power Tools is renowned for its wide range of professional and Do-it-yourself tools, and its world-class innovative display systems. This association will enable us to offer a better and broader range of choice to our valuable customers and enhance their experience."
Bosch Power Tools already has more than 36 BSS outlets across the country and plans to increase the number to 50 by the end of 2012.
About Bosch Group
The Bosch Group is a leading global supplier of technology and services. In the areas of automotive and industrial technology, consumer goods, and building technology, some 275,000 associates generated sales of 38.2 billion euros in fiscal 2009. The Bosch Group comprises Robert Bosch GmbH and its more than 300 subsidiaries and regional companies in over 60 countries. If its sales and service partners are included, then Bosch is represented in roughly 150 countries. This worldwide development, manufacturing, and sales network are the foundation for growth. Each year, Bosch spends more than 3.5 billion Euros for research and development, and applies for some 3,800 patents worldwide. With all its products and services, Bosch enhances the quality of life by providing solutions which are both innovative and beneficial.
The company was set up in Stuttgart in 1886 by Robert Bosch (1861-1942) as "Workshop for Precision Mechanics and Electrical Engineering." The special ownership structure of Robert Bosch GmbH guarantees the entrepreneurial freedom of the Bosch Group, making it possible for the company to plan over the long term and to undertake significant up-front investments in the safeguarding of its future. Ninety-two percent of the share capital of Robert Bosch GmbH is held by Robert Bosch Stiftung GmbH, a charitable foundation. The majority of voting rights are held by Robert Bosch Industrietreuhand KG, an industrial trust. The entrepreneurial ownership functions are carried out by the trust. The remaining shares are held by the Bosch family and by Robert Bosch GmbH
About Bosch in India:
In India, Bosch is a leading supplier of technology and services in the areas of automotive and industrial technology, consumer goods and building technology. Additionally, Bosch also has in India, the largest development centre, outside Germany, for end to end engineering and technology solutions. The Bosch Group operates in India through six companies, viz, Bosch Limited, Bosch Chassis Systems India Limited, Bosch Rexroth India Limited, Robert Bosch Engineering and Business Solutions Limited, Bosch Automotive Electronics India Pvt Ltd, Bosch Electrical Drives India Pvt Ltd.. Bosch Limited operates in Automotive Technology, Industrial Technology and Consumer goods & Building Technology business sectors. In India, Bosch set up its manufacturing operation in 1953, which has grown over the years to 13 manufacturing sites and 4 development centres employing some 19000 associates and generating a consolidated revenue of over Rs. 6400 crore in 2009 with Bosch Limited revenue alone nearly 4850 crores.
Additional information can be accessed at
www.boschindia.com
www.bosch.com
To view the photograph, please click on the link given below:
Bosch Power Tools launches its first Bosch System Specialist in Bangalore along with Sabeel Enterprises on Thursday, 28th April 2011
For picture(s)/data to illustrate this release click below:
http://www.BusinessWireIndia.com/attachments/Pic_1(428).JPG
Bosch Power Tools launches its first Bosch System Specialist in Bangalore along with Sabeel Enterprises on Thursday, 28th April 2011
CONTACT DETAILS
Dinesh Kumard, Bosch, +91(80) 22992954
Anandhi Viswanathan, Genesis Burson Marsteller, +91 9886910508
KEYWORDS
CONSUMER, PEOPLE, MARKETING, BUSINESS SERVICES, ELECTRONICS, HEAVY INDUSTRIES, IT, RETAIL, 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
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