Press release from Business Wire India
Source: Rediff.com (India) Ltd.
Saturday, June 30, 2012 04:30 PM IST (11:00 AM GMT)
Editors: General: Consumer interest; Business: Business services, Information technology, Media & entertainment; Technology
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Preet Bharara, the Prosecutor who makes Wall Street Tremble, is the India Abroad Person of the Year 2011
Mumbai, Maharashtra, India, Saturday, June 30, 2012 -- (Business Wire India) -- Preet Bharara -- the first Indian-American US Attorney for the Southern District of New York, the highest ranking Indian-American law enforcement officer in the Diaspora experience and the man who makes Wall Street tremble -- is the India Abroad Person of the Year 2011.
Bharara received the award at the ninth annual India Abroad Person of the Year Awards gala, a landmark event on the Indian-American community calendar.
The glittering ceremony, attended by the crème de la crème of the Diaspora and hosted by Columbia University Journalism School Professor Sreenath Sreenivasan, was held on June 29 at The Pierre, the iconic Taj-owned hotel, in New York City.
This year, a total of nine awards were presented in seven categories.
The evening began with three rising stars of the community. The India Abroad Special Award for Achievement 2011 went to Major Kamaljeet Singh Kalsi -- who, resplendent in his uniform, was honoured for his service in Afghanistan, for being the first turbaned Sikh to serve in the US Army in almost three decades and being decorated with the Bronze Star, the army's fourth-highest honour.
Captain Pratima Dharm won the honour for being the first Hindu chaplain in the US Army while Sukanya Roy was awarded for winning the 84th Scripps National Spelling Bee in 2011; she kept the desi reign at the Bee going for the fourth year running.
The India Abroad Award for Lifetime Service to the Community 2011 went to Dr Thomas Abraham, founder president , National Federation of Indian American Organizations and later founder president of the Global Organization of People of Indian Origin, for working tirelessly to give the Indian-American community a voice when it had none.
From celebrating the past, the evening turned its eye on the India Abroad Face of the Future 2011 -- MacArthur Genius Dr Shwetak N Patel. Earlier winners of the award, mathematician Dr Manjul Bhargava, the second-youngest full professor at Princeton University, and Dr Priyamvada Natarajan, professor of astronomy and physics at Yale University, presented the award -- a historic moment that brought together three brilliant Indian-American minds.
Policy guru Neera Tanden, president of the Center for American Progress, the first Indian American to head a major American think-tank, won the India Abroad Publisher's Special Awards for Excellence 2011.
India Abroad Publisher and Rediff.com Founder, Chairman and CEO Ajit Balakrishnan presented the award, which had earlier been won by the likes of astronaut Sunita Williams and Pulitzer Prize-winning writers Jhumpa Lahiri and Dr Siddhartha Mukherjee.
US Secretary of State Hillary Clinton, with whom Tanden worked as a key aide during the former's days as First Lady, Senator and her presidential campaign, congratulated her via a video specially recorded for the India Abroad Person of the Year 2011 event.
Clinton hailed the role India Abroad has played in the United States.
"India Abroad has been a voice for the Indian community in this country for decades," Clinton said. "As that community grows larger and attains greater influence India Abroad has been there to highlight its successes and encourage greater participation. As secretary of state and throughout my career I have seen the critical role the Indian Diaspora is playing in the United States and I want to applaud that engagement and hope you will continue to be a voice for diversity, tolerance and hard work, all values that both Neera and India Abroad personify."
After a lovely fusion dinner, combining the best culinary traditions of The Pierre and the Taj group, the nearly 300 guests met the winners of the India Abroad Friend of India Award 2011.
Launched last year, the award honours an American academic, diplomat, politician or writer who has enhanced American understanding of India or improved US-India relations. The winner of the first India Abroad Friend of India Award was Dr Strobe Talbott, Deputy Secretary of State in the Clinton Administration and currently President of the Brookings Institution.
This year the award went to the American couple who have dedicated their lives to teaching and writing about India at a time when not many international scholars considered the nation important.
Professors Lloyd I Rudolph and Susanne H Rudolph first visited India in 1956. They returned again and again, not because their careers revolved around the country but because they fell in love with it.
Author Anita Desai -- who has thrice been shortlisted for the Booker Prize and has won India's highest literary honour, the Sahitya Akademi Award -- was honoured with the India Abroad Lifetime Achievement Award 2011. Booker Prize-winning author Sir Salman Rushdie attended the event just to salute the legend.
The evening ended with the much-anticipated India Abroad Person of the Year Award 2011. No one needed to be told why Preet Bharara -- who has in the past year sent some of the biggest names on Wall Street to prison and nailed notorious arms traffickers like Viktor Bout, numerous drug traffickers and terrorists -- was the unanimous choice for this year's honour.
He captivated the audience with his speech as he joined the list of luminaries that makes up the India Abroad Person of the Year roster -- then Iowa state legislator Swati Dandekar (2002), Indicorps co-founder Sonal Shah (2003), captain of the silver medal-winning US gymnastic team at the Athens Olympics Mohini Bhardwaj (2004), then US Congressman and current Louisiana Governor Bobby Jindal (2005), PepsiCo Chairperson and CEO Indra Nooyi (2006), acclaimed filmmaker Mira Nair (2007), Fareed Zakaria, host of CNN's Fareed Zakaria GPS and now editor at large of Time magazine (2008), Nobel Laureate Dr Venkatraman Ramakrishnan (2009) and South Carolina Governor Nikki Haley (2010).
India's Ambassador to the US Nirupama Rao led the guests of honour, which included among others diplomats Ambassador Vijay Nambiar, Ambassador Hardeep Singh Puri, Ambassador Lakshmi Puri, Ambassador Prabhu Dayal and Manjeev Singh Puri, legendary actress Madhur Jaffrey, Oscar winner Megan Mylan, distinguished dancer Astad Deboo, Natwar Gandhi, Chief Financial Officer, District of Columbia, oncologist Dr Dattatreyudu Nori, Junoon helmsman Salman Ahmed, celebrity chef Floyd Cardoz, comedian Hari Kondabolou and novelist Rajesh Parameswaran.
The event's sponsors include Wells Fargo, Incredible India, the American University of Antigua, Applecore Hotels, The Trehan Foundation, Zee TV, The Pierre, United Airlines, State Farm, Amrita Singh among others.
About India Abroad
India Abroad is the oldest and most widely circulated weekly newspaper serving the Indian Diaspora, published from New York, Chicago, Dallas, Los Angeles and Toronto. It is owned by Indian Internet leader Rediff.com
The awardees at a glance:
-- India Abroad Person of the Year 2011: Preet Bharara
-- India Abroad Award for Lifetime Achievement 2011: Anita Desai
-- India Abroad Publisher's Special Awards for Excellence 2011: Neera Tanden
-- India Abroad Award for Lifetime Service to the Community 2011: Dr Thomas Abraham
-- India Abroad Face of the Future 2011: Dr Shwetak N Patel
-- India Abroad Friend of India Award 2011: Professors Lloyd I Rudolph and Susanne H Rudolph
-- India Abroad Special Award for Achievement 2011: Major Kamaljeet Singh Kalsi, Captain Pratima Dharm and Sukanya Roy
About Rediff.com
Rediff.com (NASDAQ: REDF) is one of the premier worldwide online providers of news, information, communication, entertainment and shopping services to Indians worldwide. Founded in 1996, Rediff.com is headquartered in Mumbai, India with offices in New Delhi, India and New York, USA.
Safe Harbor
Except for historical information and discussions contained herein, statements included in this release may constitute "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and reflect our current expectations. Forward-looking statements are identified by certain words or phrases such as "may", "will", "aim", "will likely result", "believe", "expect", "will continue", "anticipate", "estimate", "intend", "plan", "contemplate", "seek to", "future", "objective", "goal", "project", "should", "will pursue" and similar expressions or variations of such expressions. These statements involve a number of risks, uncertainties and other factors that could cause actual results to differ materially from those that may be projected by these forward looking statements. These risks and uncertainties include but are not limited to the slowdown in the economies worldwide and in the sectors in which our clients are based, the slowdown in the Internet and IT sectors world-wide, competition, success of our past and future acquisitions, attracting, recruiting and retaining highly skilled employees, technology, acceptance of new products and services, the development of broadband Internet and 3G networks in India, legal and regulatory policies, managing risks associated with customer products, the wide spread acceptance of the Internet as well as other risks detailed in the Form 20-F and other reports filed by Rediff.com India Limited with the U.S. Securities and Exchange Commission. Rediff.com India Limited and its subsidiaries 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. Rediff.com India Limited does not undertake to update any forward-looking statement that may be made from time to time by or on behalf of the Company.
CONTACT DETAILS
Mandar Narvekar, Investor Relations and Corporate Affairs Contact, Rediff.com India Ltd., +91 (22) 61820000 Extn 138, investor@rediff.co.in
KEYWORDS
CONSUMER, 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.
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Saturday, June 30, 2012
BWI: Prasun Savoy Dhanori New Project Launch by Prasun Developers Located at Pune, Dhanori Pune Apartments
Press release from Business Wire India
Source: DiscountedFlats
Saturday, June 30, 2012 12:42 PM IST (07:12 AM GMT)
Editors: Business: Construction, Real estate
--------------------------------------------------
Prasun Savoy Dhanori New Project Launch by Prasun Developers Located at Pune, Dhanori Pune Apartments
Pune, Maharashtra, India, Saturday, June 30, 2012 -- (Business Wire India) -- Prasun Savoy Dhanori new residential project launch by Prasun Developers located at Dhanori, Pune. Prasun Savoy offers 2BHK apartment with size ranges from 855 sq ft to 1015 sq ft. Prasun Savoy Dhanori apartments offers you the lifestyle of your dreams in a locality of your choice. The flats here have all the modern amenities that make life more comfortable and luxurious. Prasun Savoy Dhanori Pune project is well connected to all parts of city. The hospitals, schools are just 2Km and Railway station is 7Km, Airport is just 3Km and the city center is 9Km.
Prasun Savoy has all the luxury features of a home designed to pamper you. Bright airy rooms that help you breathe free and easy. A club house, a well-equipped gym and ample parking. All of this to add a new zest to your premium living. All in all PRASUN Savoy is the thoughtful combination of sensory pleasures that make it a home worth truly living.
Prasun Savoy Pune Amenities
Decorative entrance gate with security cabin
Rain water harvesting
Well-equipped club house
Multi-purpose hall
Open air amphitheater
Decorative lobby floors
LPG reticulated system
Fire fighting system
Prasun Savoy Dhanori Specification
Ground cover parking
External walls sand- faced plaster with semi acrylic emulsion paint
Internal walls Neeru
Premium quality C.P fittings Jaquar
Vitrified tiles flooring for entire flat
Prasun Savoy Pune Project Advantage
Hospital: 2Km
School: 2Km
Airport: 3Km
Railway station: 7 Km
City Center: 9Km
More Projects by Prasun Developers
Browse More Pune Properties
Pune Properties
Dhanori Properties
About Discounted Flats
Discounted Flats ( India Properties) is a Pan-India group booking channel, which groups individual residential buyers based across India to avail discounts of up to 35%. DF has consolidated all residential projects of metros and sub-metros (including even the smallest residential project) for sales purpose. DF does not charge their customers anything but instead charges brokerage from the builders. DFs USP is "customer empowerment" including tangible discounts, state-of-the-art services, single source for the residential primary market of the country, and advanced analytics.
CONTACT DETAILS
Nikhil Kasrung, +91 9225140343
KEYWORDS
CONSTRUCTION, REAL ESTATE
If you wish to change your Business Wire India selection please click on this link http://www.businesswireindia.com/media/news.asp and use your personal username and password to login.
Submit your press release at http://www.businesswireindia.com
Source: DiscountedFlats
Saturday, June 30, 2012 12:42 PM IST (07:12 AM GMT)
Editors: Business: Construction, Real estate
--------------------------------------------------
Prasun Savoy Dhanori New Project Launch by Prasun Developers Located at Pune, Dhanori Pune Apartments
Pune, Maharashtra, India, Saturday, June 30, 2012 -- (Business Wire India) -- Prasun Savoy Dhanori new residential project launch by Prasun Developers located at Dhanori, Pune. Prasun Savoy offers 2BHK apartment with size ranges from 855 sq ft to 1015 sq ft. Prasun Savoy Dhanori apartments offers you the lifestyle of your dreams in a locality of your choice. The flats here have all the modern amenities that make life more comfortable and luxurious. Prasun Savoy Dhanori Pune project is well connected to all parts of city. The hospitals, schools are just 2Km and Railway station is 7Km, Airport is just 3Km and the city center is 9Km.
Prasun Savoy has all the luxury features of a home designed to pamper you. Bright airy rooms that help you breathe free and easy. A club house, a well-equipped gym and ample parking. All of this to add a new zest to your premium living. All in all PRASUN Savoy is the thoughtful combination of sensory pleasures that make it a home worth truly living.
Prasun Savoy Pune Amenities
Decorative entrance gate with security cabin
Rain water harvesting
Well-equipped club house
Multi-purpose hall
Open air amphitheater
Decorative lobby floors
LPG reticulated system
Fire fighting system
Prasun Savoy Dhanori Specification
Ground cover parking
External walls sand- faced plaster with semi acrylic emulsion paint
Internal walls Neeru
Premium quality C.P fittings Jaquar
Vitrified tiles flooring for entire flat
Prasun Savoy Pune Project Advantage
Hospital: 2Km
School: 2Km
Airport: 3Km
Railway station: 7 Km
City Center: 9Km
More Projects by Prasun Developers
Browse More Pune Properties
Pune Properties
Dhanori Properties
About Discounted Flats
Discounted Flats ( India Properties) is a Pan-India group booking channel, which groups individual residential buyers based across India to avail discounts of up to 35%. DF has consolidated all residential projects of metros and sub-metros (including even the smallest residential project) for sales purpose. DF does not charge their customers anything but instead charges brokerage from the builders. DFs USP is "customer empowerment" including tangible discounts, state-of-the-art services, single source for the residential primary market of the country, and advanced analytics.
CONTACT DETAILS
Nikhil Kasrung, +91 9225140343
KEYWORDS
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: Inventys Research Butibori (Nagpur) Plant, Achieves ISO 18000:OSHAS Certification
Press release from Business Wire India
Source: Inventys
Saturday, June 30, 2012 09:00 AM IST (03:30 AM GMT)
Editors: General: Consumer interest, People; Business: Advertising, PR & marketing, Business services, Chemicals, Healthcare, biotechnology & pharmaceutical, Major diversified industrial groups
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Inventys Research Butibori (Nagpur) Plant, Achieves ISO 18000:OSHAS Certification
Mumbai, Maharashtra, India, Saturday, June 30, 2012 -- (Business Wire India) -- Inventys Research Company has received ISO 18000:OSHAS Management System accreditation from the registrar Indian Registrar of Quality Systems (IRQS).
The certification of compliance of OCCUPATIONNAL HEALTH SAFETY recognizes that the policies, practices, and procedures of Inventys ensure working as per regulatory compliances to international and regulatory norms in India for occupational health and safety management systems.
In commenting on the 18000:OSHAS certificate, Dr. Deepak Birewar, Chairman & Managing Director of the company, remarked "The achievement of ISO 18000:OSHAS certification demonstrates that Inventys is committed to eliminate the risks to its employees and other concerned parties who are exposed to OH&S risks during the manufacturing and other activities".
Inventys received these three accreditations from the registrar Indian Registrar of Quality Systems (IRQS). Headquartered in Mumbai, Inventys has emerged as Trusted Partner in High Quality & Reliable Contract Manufacturing of Specialty Chemicals & Advanced Intermediates. Inventys has repeatedly demonstrated its world class skills in:
-- Efficient Manufacturing with Continuous Improvement
-- With Strong IPR adherence
-- Fast Effective Optimal process Scale up
-- Frugal project engineering
-- Safe Plant Operations
-- While practicing Responsible Care towards the environment, employees & the society.
-- Along with a proven ability to design, build, and operate DCS controlled GMP facilities on a fast track
-- Inventys also has division specializing in Advanced Equipment Design and Fabrication.
Inventys believe that it is due to its firm stand of strong protection of Intellectual Property, transparency in relationships, coupled with its world class engineering & manufacturing skills and Fair, Ethical, Competent business practices; it has emerged successful in this competitive world of contract manufacturing.
Inventys has achieved ISO9001:2008 , ISO 14000:2004 and ISO18000: OSHAS certifications in the same month from the registrar Indian Registrar of Quality Systems (IRQS). For more information about Inventys activities in detail, visit www.Inventys.IN .
CONTACT DETAILS
Umesh Kamat, Inventys, +91 (22) 42354000, pr@inventys.in
KEYWORDS
CONSUMER, PEOPLE, MARKETING, BUSINESS SERVICES, CHEMICALS, HEALTHCARE, GROUPS
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: Inventys
Saturday, June 30, 2012 09:00 AM IST (03:30 AM GMT)
Editors: General: Consumer interest, People; Business: Advertising, PR & marketing, Business services, Chemicals, Healthcare, biotechnology & pharmaceutical, Major diversified industrial groups
--------------------------------------------------
Inventys Research Butibori (Nagpur) Plant, Achieves ISO 18000:OSHAS Certification
Mumbai, Maharashtra, India, Saturday, June 30, 2012 -- (Business Wire India) -- Inventys Research Company has received ISO 18000:OSHAS Management System accreditation from the registrar Indian Registrar of Quality Systems (IRQS).
The certification of compliance of OCCUPATIONNAL HEALTH SAFETY recognizes that the policies, practices, and procedures of Inventys ensure working as per regulatory compliances to international and regulatory norms in India for occupational health and safety management systems.
In commenting on the 18000:OSHAS certificate, Dr. Deepak Birewar, Chairman & Managing Director of the company, remarked "The achievement of ISO 18000:OSHAS certification demonstrates that Inventys is committed to eliminate the risks to its employees and other concerned parties who are exposed to OH&S risks during the manufacturing and other activities".
Inventys received these three accreditations from the registrar Indian Registrar of Quality Systems (IRQS). Headquartered in Mumbai, Inventys has emerged as Trusted Partner in High Quality & Reliable Contract Manufacturing of Specialty Chemicals & Advanced Intermediates. Inventys has repeatedly demonstrated its world class skills in:
-- Efficient Manufacturing with Continuous Improvement
-- With Strong IPR adherence
-- Fast Effective Optimal process Scale up
-- Frugal project engineering
-- Safe Plant Operations
-- While practicing Responsible Care towards the environment, employees & the society.
-- Along with a proven ability to design, build, and operate DCS controlled GMP facilities on a fast track
-- Inventys also has division specializing in Advanced Equipment Design and Fabrication.
Inventys believe that it is due to its firm stand of strong protection of Intellectual Property, transparency in relationships, coupled with its world class engineering & manufacturing skills and Fair, Ethical, Competent business practices; it has emerged successful in this competitive world of contract manufacturing.
Inventys has achieved ISO9001:2008 , ISO 14000:2004 and ISO18000: OSHAS certifications in the same month from the registrar Indian Registrar of Quality Systems (IRQS). For more information about Inventys activities in detail, visit www.Inventys.IN .
CONTACT DETAILS
Umesh Kamat, Inventys, +91 (22) 42354000, pr@inventys.in
KEYWORDS
CONSUMER, PEOPLE, MARKETING, BUSINESS SERVICES, CHEMICALS, HEALTHCARE, GROUPS
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
Friday, June 29, 2012
BWI: Steria’s Survey on European Government Leaders Reveals Open Data ‘Critical’ to Reducing Administration Costs
Press release from Business Wire India
Source: Steria
Friday, June 29, 2012 04:33 PM IST (11:03 AM GMT)
Editors: General: Consumer interest; Business: Business services, Information technology, Media & entertainment; Technology
--------------------------------------------------
Steria's Survey on European Government Leaders Reveals Open Data 'Critical' to Reducing Administration Costs
Steria releases results of survey of senior civil servants and public officials across Europe; over half say sharing information and services is vital to achieving citizen-centric administration
Noida, Uttar Pradesh, Pune, Maharashtra and Chennai, Tamil Nadu, India, Friday, June 29, 2012 -- (Business Wire India) -- Steria today releases the results of a European-wide qualitative research project which surveyed senior civil servants and public officials in government departments and agencies about their attitudes towards the future of public administration.
The study, 'Beyond Efficiency: Public Administration Transformation', revealed that open data, citizen-centric services, collaboration between private and public organisations and citizens as well as shared services are the top issues facing public sector leaders across Europe. One third of European civil servants surveyed agreed that breaking down departmental silos is vital to developing more citizen-centric services.
These themes are being driven by issues such as the financial debt crisis, ageing populations, demand from the public for greater transparency especially with regards to data and Europe moving towards a single market as well as increasing globalisation.
The trend observed in Europe resonates with the public administration functioning in India, where the Parliament of the country endorsed the mandate for timely response to citizen requests for government information by passing The Right to Information Act 2005 (RTI).
Pierre Basquin, Leader of Steria's Public Administration Business Community, comments, "The research shows that there is a wealth of knowledge about these issues and a passionate desire among European senior civil servants to do things differently and try out new ideas. How each country approaches the issues varies, but they are meeting and sharing knowledge and ideas to drive transformation. If the European Union gets this right it can create a landscape in which political dogma on how services should be designed and provided would no longer prevail but the best solution would be allowed to emerge combining the capabilities of public servants, non-governmental organisations, businesses and citizens themselves at the same time as embracing new tools and information communication technologies."
François Enaud, CEO, Steria, says, "This research shows that the future pressures facing Governments across Europe will require departments and organisations to simplify and automate processes, particularly around open data, if they truly want to innovate. We are already seeing some of these future themes playing out on the ground in Germany and Belgium for example - countries ahead of the curve for data-sharing. But other countries have further to go to break down departmental silos and regain public trust if they want to improve on their promise of open data and improving front-line services."
NOTES TO EDITOR:
Methodology
The study, carried out by Global Futures and Foresight (GFF) on behalf of Steria, surveyed 62 senior civil servants in government in the UK, France, Germany, Spain, Norway and the Netherlands asking them about their attitudes towards the future of public sector administration. The research was carried out by a combination of email and telephone questionnaires in February and March 2012.
About Steria
Steria delivers IT enabled business services which help organisations in the public and private sectors operate more efficiently and profitably. By combining an in depth understanding of our clients' businesses with expertise in IT and business process outsourcing, we take on our clients' challenges and develop innovative solutions to address them. Through our highly collaborative consulting style, we work with our clients to transform their business, enabling them to focus on what they do best. Our 20,000 people, working across 16 countries, support the systems, services and processes that make today's world turn, touching the lives of millions around the globe each day. Founded in 1969, Steria has offices in Europe, India, North Africa and SE Asia and 2011 revenue of ?1.75 billion. 21 percent of Steria's capital is owned by its employees. Headquartered in Paris, Steria is listed on the Euronext Paris market.
CONTACT DETAILS
Sachdev Ramakrishna, Director - Marketing, Steria (India)Ltd., +91 9871715438
KEYWORDS
CONSUMER, 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: Steria
Friday, June 29, 2012 04:33 PM IST (11:03 AM GMT)
Editors: General: Consumer interest; Business: Business services, Information technology, Media & entertainment; Technology
--------------------------------------------------
Steria's Survey on European Government Leaders Reveals Open Data 'Critical' to Reducing Administration Costs
Steria releases results of survey of senior civil servants and public officials across Europe; over half say sharing information and services is vital to achieving citizen-centric administration
Noida, Uttar Pradesh, Pune, Maharashtra and Chennai, Tamil Nadu, India, Friday, June 29, 2012 -- (Business Wire India) -- Steria today releases the results of a European-wide qualitative research project which surveyed senior civil servants and public officials in government departments and agencies about their attitudes towards the future of public administration.
The study, 'Beyond Efficiency: Public Administration Transformation', revealed that open data, citizen-centric services, collaboration between private and public organisations and citizens as well as shared services are the top issues facing public sector leaders across Europe. One third of European civil servants surveyed agreed that breaking down departmental silos is vital to developing more citizen-centric services.
These themes are being driven by issues such as the financial debt crisis, ageing populations, demand from the public for greater transparency especially with regards to data and Europe moving towards a single market as well as increasing globalisation.
The trend observed in Europe resonates with the public administration functioning in India, where the Parliament of the country endorsed the mandate for timely response to citizen requests for government information by passing The Right to Information Act 2005 (RTI).
Pierre Basquin, Leader of Steria's Public Administration Business Community, comments, "The research shows that there is a wealth of knowledge about these issues and a passionate desire among European senior civil servants to do things differently and try out new ideas. How each country approaches the issues varies, but they are meeting and sharing knowledge and ideas to drive transformation. If the European Union gets this right it can create a landscape in which political dogma on how services should be designed and provided would no longer prevail but the best solution would be allowed to emerge combining the capabilities of public servants, non-governmental organisations, businesses and citizens themselves at the same time as embracing new tools and information communication technologies."
François Enaud, CEO, Steria, says, "This research shows that the future pressures facing Governments across Europe will require departments and organisations to simplify and automate processes, particularly around open data, if they truly want to innovate. We are already seeing some of these future themes playing out on the ground in Germany and Belgium for example - countries ahead of the curve for data-sharing. But other countries have further to go to break down departmental silos and regain public trust if they want to improve on their promise of open data and improving front-line services."
NOTES TO EDITOR:
Methodology
The study, carried out by Global Futures and Foresight (GFF) on behalf of Steria, surveyed 62 senior civil servants in government in the UK, France, Germany, Spain, Norway and the Netherlands asking them about their attitudes towards the future of public sector administration. The research was carried out by a combination of email and telephone questionnaires in February and March 2012.
About Steria
Steria delivers IT enabled business services which help organisations in the public and private sectors operate more efficiently and profitably. By combining an in depth understanding of our clients' businesses with expertise in IT and business process outsourcing, we take on our clients' challenges and develop innovative solutions to address them. Through our highly collaborative consulting style, we work with our clients to transform their business, enabling them to focus on what they do best. Our 20,000 people, working across 16 countries, support the systems, services and processes that make today's world turn, touching the lives of millions around the globe each day. Founded in 1969, Steria has offices in Europe, India, North Africa and SE Asia and 2011 revenue of ?1.75 billion. 21 percent of Steria's capital is owned by its employees. Headquartered in Paris, Steria is listed on the Euronext Paris market.
CONTACT DETAILS
Sachdev Ramakrishna, Director - Marketing, Steria (India)Ltd., +91 9871715438
KEYWORDS
CONSUMER, 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: Banyan Tree Launches E- Commerce Discount Coupon Portal
Press release from Business Wire India
Source: Banyan Tree Infomedia
Friday, June 29, 2012 04:14 PM IST (10:44 AM GMT)
Editors: General: Consumer interest; Business: Advertising, PR & marketing, Business services, Information technology, Media & entertainment; Technology
--------------------------------------------------
Banyan Tree Launches E- Commerce Discount Coupon Portal
Bangalore, Karnataka, India, Friday, June 29, 2012 -- (Business Wire India) -- Coupons109.com is the latest offering of the brand 109 websites launched by the company Banyan Tree Infomedia. One of the fastest growing e-media companies in India is already enjoying considerable amount of success with this new offering of theirs. So what is so remarkable about Coupons109.com and the whole 109 business?
Let's start with the 109 business. Banyan Tree Infomedia has launched a series of websites sporting the 109 (pronounced "One O (the letter) Nine"). The theory behind the 109 bit is that, in India when you are talking of radio frequencies, you know that it ends at 108. To go beyond that 108, in essence to go beyond the existing restraints of information gathering, you need to go to 109, hence Coupons109.com.
Now for the Coupons109 business, to put in the simplest of terms, the website is an aggregator of discount coupons from all over the Indian e-commerce industry. With the sudden popularity of deals and their subsequent demise, there was created room for a new form of discount and money saving. This form was discount coupons. The problem that existed in this field was that, in a country where internet penetration has not yet reached its full potential, find and using coupons is no easy task.
That is where Coupons109.com comes in. What this site does is simple; it takes all the coupons from all the providers like Bagit, Ebay, Pizzahut, Fastrack, HDFC Bank and many more and puts them in one place where they are easy to find. This is important because we often come to know of only about a fraction of the coupons that are made available to us. What coupons109 does is to find those hidden coupons and include them too in its list. And if that does not sound appealing enough then the site also boasts of various layers of filters that have been created to ensure that you are never more than a few click away from the coupon you need.
CONTACT DETAILS
Siddharth Ambroise, Banyan Tree Infomedia, +91 (80) 42495333, siddharth@banyantreeinfomedia.com
KEYWORDS
CONSUMER, 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.
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Source: Banyan Tree Infomedia
Friday, June 29, 2012 04:14 PM IST (10:44 AM GMT)
Editors: General: Consumer interest; Business: Advertising, PR & marketing, Business services, Information technology, Media & entertainment; Technology
--------------------------------------------------
Banyan Tree Launches E- Commerce Discount Coupon Portal
Bangalore, Karnataka, India, Friday, June 29, 2012 -- (Business Wire India) -- Coupons109.com is the latest offering of the brand 109 websites launched by the company Banyan Tree Infomedia. One of the fastest growing e-media companies in India is already enjoying considerable amount of success with this new offering of theirs. So what is so remarkable about Coupons109.com and the whole 109 business?
Let's start with the 109 business. Banyan Tree Infomedia has launched a series of websites sporting the 109 (pronounced "One O (the letter) Nine"). The theory behind the 109 bit is that, in India when you are talking of radio frequencies, you know that it ends at 108. To go beyond that 108, in essence to go beyond the existing restraints of information gathering, you need to go to 109, hence Coupons109.com.
Now for the Coupons109 business, to put in the simplest of terms, the website is an aggregator of discount coupons from all over the Indian e-commerce industry. With the sudden popularity of deals and their subsequent demise, there was created room for a new form of discount and money saving. This form was discount coupons. The problem that existed in this field was that, in a country where internet penetration has not yet reached its full potential, find and using coupons is no easy task.
That is where Coupons109.com comes in. What this site does is simple; it takes all the coupons from all the providers like Bagit, Ebay, Pizzahut, Fastrack, HDFC Bank and many more and puts them in one place where they are easy to find. This is important because we often come to know of only about a fraction of the coupons that are made available to us. What coupons109 does is to find those hidden coupons and include them too in its list. And if that does not sound appealing enough then the site also boasts of various layers of filters that have been created to ensure that you are never more than a few click away from the coupon you need.
CONTACT DETAILS
Siddharth Ambroise, Banyan Tree Infomedia, +91 (80) 42495333, siddharth@banyantreeinfomedia.com
KEYWORDS
CONSUMER, 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.
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BWI: Petals Wakad New Residential Project Launch by Mittal Agarwal Associates Located at Pune, Wakad Pune Property Bookings Open
Press release from Business Wire India
Source: DiscountedFlats
Friday, June 29, 2012 03:27 PM IST (09:57 AM GMT)
Editors: Business: Construction, Real estate
--------------------------------------------------
Petals Wakad New Residential Project Launch by Mittal Agarwal Associates Located at Pune, Wakad Pune Property Bookings Open
Pune, Maharashtra, India, Friday, June 29, 2012 -- (Business Wire India) -- Mittal Petals is a splendid venture by Mittal Brothers that promises a captivating lifestyle with extensive lush greenery and connectivity to every important part of the city. Inimitable in its setting, just a stones' throw from the Hinjewadi IT Park, you are treated to all the calmness and the views around are exceptionally breathtaking. The Petals apartments have all which money can't buy - nostalgia, happiness and serenity. Petals Wakad Project offer 2BHK, 3BHK Apartment in Wakad, Pune with size range from 1070 Sq ft and 1200 Sq ft with World class amenities.
Petals Pune New Project Amenities
Clubhouse
Swimming pool
Kids' pool
Amphitheatre
Jogging track
Cafeteria
Landscaped garden
Fire fighting system
Garbage chute
Decorative entrance lobby
Generator back-up
Rainwater harvesting
Multi-apartment door system
Access control system
Intercom
Floor chess
Petals Wakad Apartment Specification
Italian Marble Flooring - Living Room & Dining Area
Two high speed automatic elevators
Wooden Flooring - Master Bedroom
Broadband connectivity
Piped gas for apartments
Concrete road
Provision for air conditioning
More Projects by Mittal Agarwal Associates
Browse More Pune Properties
Pune Properties
Wakad Properties
About Discounted Flats
Discounted Flats (India Properties) is a Pan-India group booking channel, which groups individual residential buyers based across India to avail discounts of up to 35%. DF has consolidated all residential projects of metros and sub-metros (including even the smallest residential project) for sales purpose. DF does not charge their customers anything but instead charges brokerage from the builders. DFs USP is "customer empowerment" including tangible discounts, state-of-the-art services, single source for the residential primary market of the country, and advanced analytics.
CONTACT DETAILS
Nikhil Kasrung, +91 9225140343
KEYWORDS
CONSTRUCTION, REAL ESTATE
If you wish to change your Business Wire India selection please click on this link http://www.businesswireindia.com/media/news.asp and use your personal username and password to login.
Submit your press release at http://www.businesswireindia.com
Source: DiscountedFlats
Friday, June 29, 2012 03:27 PM IST (09:57 AM GMT)
Editors: Business: Construction, Real estate
--------------------------------------------------
Petals Wakad New Residential Project Launch by Mittal Agarwal Associates Located at Pune, Wakad Pune Property Bookings Open
Pune, Maharashtra, India, Friday, June 29, 2012 -- (Business Wire India) -- Mittal Petals is a splendid venture by Mittal Brothers that promises a captivating lifestyle with extensive lush greenery and connectivity to every important part of the city. Inimitable in its setting, just a stones' throw from the Hinjewadi IT Park, you are treated to all the calmness and the views around are exceptionally breathtaking. The Petals apartments have all which money can't buy - nostalgia, happiness and serenity. Petals Wakad Project offer 2BHK, 3BHK Apartment in Wakad, Pune with size range from 1070 Sq ft and 1200 Sq ft with World class amenities.
Petals Pune New Project Amenities
Clubhouse
Swimming pool
Kids' pool
Amphitheatre
Jogging track
Cafeteria
Landscaped garden
Fire fighting system
Garbage chute
Decorative entrance lobby
Generator back-up
Rainwater harvesting
Multi-apartment door system
Access control system
Intercom
Floor chess
Petals Wakad Apartment Specification
Italian Marble Flooring - Living Room & Dining Area
Two high speed automatic elevators
Wooden Flooring - Master Bedroom
Broadband connectivity
Piped gas for apartments
Concrete road
Provision for air conditioning
More Projects by Mittal Agarwal Associates
Browse More Pune Properties
Pune Properties
Wakad Properties
About Discounted Flats
Discounted Flats (India Properties) is a Pan-India group booking channel, which groups individual residential buyers based across India to avail discounts of up to 35%. DF has consolidated all residential projects of metros and sub-metros (including even the smallest residential project) for sales purpose. DF does not charge their customers anything but instead charges brokerage from the builders. DFs USP is "customer empowerment" including tangible discounts, state-of-the-art services, single source for the residential primary market of the country, and advanced analytics.
CONTACT DETAILS
Nikhil Kasrung, +91 9225140343
KEYWORDS
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: Energy Saving Capability Invigorates the Indian Electrical Drives Market, Finds Frost & Sullivan
Press release from Business Wire India
Source: Frost & Sullivan
Friday, June 29, 2012 02:34 PM IST (09:04 AM GMT)
Editors: General: Consumer interest; Business: Business services, Energy companies; Technology
--------------------------------------------------
Energy Saving Capability Invigorates the Indian Electrical Drives Market, Finds Frost & Sullivan
Government incentives for energy savings in industries augurs well for the electrical drives market
Mumbai, Maharashtra, India, Friday, June 29, 2012 -- (Business Wire India) -- With energy accounting for 35-40 percent of energy-intensive industries' production costs, the Government of India is stressing the need for energy efficiency, thereby giving a leg up to the domestic electrical drives market. Government initiatives such as the Bureau of Energy Efficiency's (BEE's) perform-achieve-trade (PAT) scheme that allows industries to derive business benefits through the exchange of energy savings certificates will give a huge boost to the uptake of electrical drives. Further, the BEE's Star Rating program, which rates buildings based on their energy usage, will also drive the demand for AC drives.
New analysis from Frost & Sullivan (http://www.industrialautomation.frost.com), Analysis of the Indian Electrical Drives Market, finds that the market was valued at more than INR 15,000 million during FY2010-11 and is expected to grow at a compound annual growth rate (CAGR) in excess of 12 percent until FY2015-16. The Indian electrical DC drives market, which is losing out to the superior AC technology, was worth more than INR 800 million during FY2010-11 and is expected to grow at a CAGR of more than 4 percent until FY2015-16.
There is substantial scope for the deployment of AC drives for energy conservation in the nine designated sectors of electric power generation, fertilizers, steel, cement, pulp and paper, aluminum, chlor-alkali chemical industry, textile, and railways.
Even while acknowledging the need to save energy, end users with limited budgets are deterred by the electrical drives' high upfront costs. This issue will fade into insignificance in due course, as leading drive suppliers are setting up assembling/packaging facilities in India.
"Many market leaders have regional facilities that assemble/package drives, indigenizing various parts and auxiliary equipment as much as possible," said Frost & Sullivan Analyst. "This reduction in production costs enables them to lower their drives' prices and compete against import-based manufacturers."
While the electrical drives market is anticipated to witness a high double digit growth over the next six years, budget constraints of small- and medium-sized enterprises (SME) segment impedes the market from growing at its optimum pace. The SME segment contributes significantly to India's gross domestic product (GDP), but has been bogged down by inadequate funds. They are particularly reluctant to invest in the expensive MV drive segment.
"High price has been a major hindrance in the growth of MV drives," noted Frost & Sullivan Analyst. "However, with increasing standardization, their prices are expected to drop, facilitating their acceptance among SMEs."
If you are interested in a virtual brochure, which provides a brief synopsis of the research and a table of contents, then send an e-mail to Caroline Lewis/ Akshata Mhatre, Corporate Communications, at caroline.lewis@frost.com / akshatam@frost.com, with your full name, company name, title, telephone number, company e-mail address, company website, city, state and country.. Upon receipt of the above information, a brochure will be sent to you by e-mail.
Analysis of the Indian Electrical Drives Market is part of the Industrial Automation & Process Control Growth Partnership Services program, which also includes research in the following markets: Strategic Analysis of the Indian Pumps Market and Strategic Analysis of the Indian Gearboxes and Geared Motors Market. All research services included in subscriptions provide detailed market opportunities and industry trends that have been evaluated following extensive interviews with market participants.
About Frost & Sullivan
Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses global challenges and related growth opportunities that will make or break today's market participants.
Our "Growth Partnership" supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.
-- The Integrated Value Proposition provides support to our clients throughout all phases of their journey to visionary innovation including research, analysis, strategy, vision, innovation, and implementation
-- The Partnership Infrastructure is entirely unique as it constructs the foundation upon which visionary innovation becomes possible. This includes our 360-degree research, comprehensive industry coverage, career best practices, as well as our global footprint of more than 40 offices
For more than 50 years, we have been developing growth strategies for the global 1000 emerging businesses, the public sector, and the investment community. Is your organization prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics, and emerging economies?
Contact Us: Start the discussion
Join Us: Join our community
Subscribe: Newsletter on "the next big thing"
Register: Gain access to visionary innovation
Analysis of the Indian Electrical Drives Market
P5AE-10
CONTACT DETAILS
Caroline Lewis, Corporate Communications - South Asia, Frost & Sullivan, +91 98217 37935, caroline.lewis@frost.com
Akshata Mhatre, Corporate Communications - South Asia, Frost & Sullivan, +91 (22) 66072039, akshatam@frost.com
Nimisha Iyer, Corporate Communications - South Asia, Middle East and North Africa, Frost & Sullivan, +91 98200 50519, niyer@frost.com
KEYWORDS
CONSUMER, BUSINESS SERVICES, ENERGY, 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: Frost & Sullivan
Friday, June 29, 2012 02:34 PM IST (09:04 AM GMT)
Editors: General: Consumer interest; Business: Business services, Energy companies; Technology
--------------------------------------------------
Energy Saving Capability Invigorates the Indian Electrical Drives Market, Finds Frost & Sullivan
Government incentives for energy savings in industries augurs well for the electrical drives market
Mumbai, Maharashtra, India, Friday, June 29, 2012 -- (Business Wire India) -- With energy accounting for 35-40 percent of energy-intensive industries' production costs, the Government of India is stressing the need for energy efficiency, thereby giving a leg up to the domestic electrical drives market. Government initiatives such as the Bureau of Energy Efficiency's (BEE's) perform-achieve-trade (PAT) scheme that allows industries to derive business benefits through the exchange of energy savings certificates will give a huge boost to the uptake of electrical drives. Further, the BEE's Star Rating program, which rates buildings based on their energy usage, will also drive the demand for AC drives.
New analysis from Frost & Sullivan (http://www.industrialautomation.frost.com), Analysis of the Indian Electrical Drives Market, finds that the market was valued at more than INR 15,000 million during FY2010-11 and is expected to grow at a compound annual growth rate (CAGR) in excess of 12 percent until FY2015-16. The Indian electrical DC drives market, which is losing out to the superior AC technology, was worth more than INR 800 million during FY2010-11 and is expected to grow at a CAGR of more than 4 percent until FY2015-16.
There is substantial scope for the deployment of AC drives for energy conservation in the nine designated sectors of electric power generation, fertilizers, steel, cement, pulp and paper, aluminum, chlor-alkali chemical industry, textile, and railways.
Even while acknowledging the need to save energy, end users with limited budgets are deterred by the electrical drives' high upfront costs. This issue will fade into insignificance in due course, as leading drive suppliers are setting up assembling/packaging facilities in India.
"Many market leaders have regional facilities that assemble/package drives, indigenizing various parts and auxiliary equipment as much as possible," said Frost & Sullivan Analyst. "This reduction in production costs enables them to lower their drives' prices and compete against import-based manufacturers."
While the electrical drives market is anticipated to witness a high double digit growth over the next six years, budget constraints of small- and medium-sized enterprises (SME) segment impedes the market from growing at its optimum pace. The SME segment contributes significantly to India's gross domestic product (GDP), but has been bogged down by inadequate funds. They are particularly reluctant to invest in the expensive MV drive segment.
"High price has been a major hindrance in the growth of MV drives," noted Frost & Sullivan Analyst. "However, with increasing standardization, their prices are expected to drop, facilitating their acceptance among SMEs."
If you are interested in a virtual brochure, which provides a brief synopsis of the research and a table of contents, then send an e-mail to Caroline Lewis/ Akshata Mhatre, Corporate Communications, at caroline.lewis@frost.com / akshatam@frost.com, with your full name, company name, title, telephone number, company e-mail address, company website, city, state and country.. Upon receipt of the above information, a brochure will be sent to you by e-mail.
Analysis of the Indian Electrical Drives Market is part of the Industrial Automation & Process Control Growth Partnership Services program, which also includes research in the following markets: Strategic Analysis of the Indian Pumps Market and Strategic Analysis of the Indian Gearboxes and Geared Motors Market. All research services included in subscriptions provide detailed market opportunities and industry trends that have been evaluated following extensive interviews with market participants.
About Frost & Sullivan
Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses global challenges and related growth opportunities that will make or break today's market participants.
Our "Growth Partnership" supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.
-- The Integrated Value Proposition provides support to our clients throughout all phases of their journey to visionary innovation including research, analysis, strategy, vision, innovation, and implementation
-- The Partnership Infrastructure is entirely unique as it constructs the foundation upon which visionary innovation becomes possible. This includes our 360-degree research, comprehensive industry coverage, career best practices, as well as our global footprint of more than 40 offices
For more than 50 years, we have been developing growth strategies for the global 1000 emerging businesses, the public sector, and the investment community. Is your organization prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics, and emerging economies?
Contact Us: Start the discussion
Join Us: Join our community
Subscribe: Newsletter on "the next big thing"
Register: Gain access to visionary innovation
Analysis of the Indian Electrical Drives Market
P5AE-10
CONTACT DETAILS
Caroline Lewis, Corporate Communications - South Asia, Frost & Sullivan, +91 98217 37935, caroline.lewis@frost.com
Akshata Mhatre, Corporate Communications - South Asia, Frost & Sullivan, +91 (22) 66072039, akshatam@frost.com
Nimisha Iyer, Corporate Communications - South Asia, Middle East and North Africa, Frost & Sullivan, +91 98200 50519, niyer@frost.com
KEYWORDS
CONSUMER, BUSINESS SERVICES, ENERGY, 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: Xebec Bags Two Silvers at Tag 2012
Press release from Business Wire India
Source: Xebec Communications
Friday, June 29, 2012 01:12 PM IST (07:42 AM GMT)
Editors: General: Consumer interest, Entertainment, People; Business: Advertising, PR & marketing, Business services, Major diversified industrial groups, Media & entertainment
--------------------------------------------------
Xebec Bags Two Silvers at Tag 2012
Pune, Maharashtra, India, Friday, June 29, 2012 -- (Business Wire India) -- Xebec Communications, a leading advertising agency in Pune has bagged 2 Silver Awards at the TAG Awards 2012 on 15th June.
The Awards were won for Best Campaign and Best Single (Press/Outdoor) recognizing Xebec's work for their prestigious clients - MTDC (Maharashtra Tourism Development Corporation) and Kyros Lounge, respectively.
The TAG awards are instituted to recognize and encourage the best advertising work from all over Maharashtra (except Mumbai).
Xebec Communications offers a suite of intergrated communication services which include brand consultancy, high end design and digital strategy /advertising to an enviable list of clients that include Bank of Maharashtra, Premier Ltd., Phoenix Marketcity, Symbiosis, Amdocs, Kalyani Group, Deepak Fertilisers, Cummins Generator Technologies, Mahindra Navistar, Prozone Mall (Aurangabad) and many more. Xebec has always strived to push the envelope in communication for their clients, and raise the standard of Pune's advertising to international levels. These awards will, no doubt, serve as powerful encouragement for the agency and its creative team.
To know more about Xebec and how it can make a difference to your business, please contact aparna@xebecindia.com or radhika@xebecindia.com
To view the photograph, please click on the link below:
Team Xebec seen here after receiving the Awards - Nitin Chandra - CD, Kaushik Saha - CD, Harshada Ganghale - JAD, Dilip Vedak - AD, Uddhav Kumbhar - JAD, Sandeep Ghodke - CD
For picture(s)/data to illustrate this release click below:
http://www.BusinessWireIndia.com/attachments/Tag_Award1(2).jpg
Tag_Award1(2).jpg
CONTACT DETAILS
Aparna, +91 9822082630, aparna@xebecindia.com
KEYWORDS
CONSUMER, ENTERTAINMENT, PEOPLE, MARKETING, BUSINESS SERVICES, GROUPS, 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: Xebec Communications
Friday, June 29, 2012 01:12 PM IST (07:42 AM GMT)
Editors: General: Consumer interest, Entertainment, People; Business: Advertising, PR & marketing, Business services, Major diversified industrial groups, Media & entertainment
--------------------------------------------------
Xebec Bags Two Silvers at Tag 2012
Pune, Maharashtra, India, Friday, June 29, 2012 -- (Business Wire India) -- Xebec Communications, a leading advertising agency in Pune has bagged 2 Silver Awards at the TAG Awards 2012 on 15th June.
The Awards were won for Best Campaign and Best Single (Press/Outdoor) recognizing Xebec's work for their prestigious clients - MTDC (Maharashtra Tourism Development Corporation) and Kyros Lounge, respectively.
The TAG awards are instituted to recognize and encourage the best advertising work from all over Maharashtra (except Mumbai).
Xebec Communications offers a suite of intergrated communication services which include brand consultancy, high end design and digital strategy /advertising to an enviable list of clients that include Bank of Maharashtra, Premier Ltd., Phoenix Marketcity, Symbiosis, Amdocs, Kalyani Group, Deepak Fertilisers, Cummins Generator Technologies, Mahindra Navistar, Prozone Mall (Aurangabad) and many more. Xebec has always strived to push the envelope in communication for their clients, and raise the standard of Pune's advertising to international levels. These awards will, no doubt, serve as powerful encouragement for the agency and its creative team.
To know more about Xebec and how it can make a difference to your business, please contact aparna@xebecindia.com or radhika@xebecindia.com
To view the photograph, please click on the link below:
Team Xebec seen here after receiving the Awards - Nitin Chandra - CD, Kaushik Saha - CD, Harshada Ganghale - JAD, Dilip Vedak - AD, Uddhav Kumbhar - JAD, Sandeep Ghodke - CD
For picture(s)/data to illustrate this release click below:
http://www.BusinessWireIndia.com/attachments/Tag_Award1(2).jpg
Tag_Award1(2).jpg
CONTACT DETAILS
Aparna, +91 9822082630, aparna@xebecindia.com
KEYWORDS
CONSUMER, ENTERTAINMENT, PEOPLE, MARKETING, BUSINESS SERVICES, GROUPS, 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
BWI: Dell KACE™ Brings Award-Winning Systems Management Solutions to India
Press release from Business Wire India
Source: Dell India
Friday, June 29, 2012 12:27 PM IST (06:57 AM GMT)
Editors: General: Consumer interest; Business: Business services, Information technology, Media & entertainment; Technology
--------------------------------------------------
Dell KACET Brings Award-Winning Systems Management Solutions to India
Bangalore, Karnataka, India, Friday, June 29, 2012 -- (Business Wire India) -- -- The Dell KACE K Series of Systems Management Appliances, dedicated support and sales team, now available in India
-- Comprehensive systems management appliances designed to save IT administrators time and their organizations money
-- Dell KACE complements Dell's existing portfolio scalable solutions that address largest and smallest customers
Today, Dell KACET announced its award-winning Dell KACE K Series of Systems Management Appliances are now available in India. IT systems administrators across India will now be able to leverage Dell KACE Appliances to manage PCs and servers in a way that is comprehensive, easy-to-use and affordable.
Dell KACE's strong momentum and growth since its acquisition by Dell in 2010, has helped fuel the international expansion of its K Series Appliances, which are now available in multiple countries and languages. Organizations across the globe can now simplify the systems-management process through innovative software that makes it easier for IT managers to do their jobs, saving them time and their organizations money.
"Today's systems management solutions don't always address the needs of mid-sized customers who want solutions that scale to meet the growing management needs of their networks without ripping and replacing existing infrastructure. Dell KACE fills the gap between point solutions and complex, expensive management suites," said Rob Meinhardt, general manager for Dell KACE. "Our continued ability to bring our technology to new and thriving markets like India is a strong example of Dell's commitment to its strategy to offer end-to-end solutions with a scalable mid-market design point."
Dell KACE offers an appliance-based systems management solution that helps to automate critical tasks such as hardware and software inventory, frequent software updates, maintenance of approved configurations, and security patching, allowing the IT administrator to effectively manage end points through a series of simple clicks from a web-based console.
Unlike alternative point solutions that lack key functionality and integration, or enterprise-scale solutions that are costly and complex to install and maintain, Dell KACE K Series Systems Management Appliances fulfill the systems management needs of most organizations, from initial computer deployment to ongoing management and retirement. They provide support for heterogeneous environments (Windows, Mac and Linux) and any compatible hardware manufacturers' platforms. They typically install in one day at a low total cost of ownership. Dell KACE Appliances are available in both physical and virtual form factors, directly from Dell or through its partners.
Additionally, Dell KACE's helps IT teams save time and boost productivity through its product-agnostic online community ITNinja, offering IT professionals a free and easy way to search for answers and best practices to a range of complex issues through a game-like experience. Content from ITNinja can also be leveraged by Dell KACE customers directly through the Dell KACE Appliance Management Console, providing expertise contextually saving IT teams' time on common computer administration tasks.
About Dell
Dell Inc. (NASDAQ: DELL) listens to customers and delivers innovative technology and services that give them the power to do more. Dell provides system-management solutions for customers of all sizes and system complexity. The award-winning Dell KACE family of appliances delivers easy-to-use, comprehensive, and affordable systems management capabilities for organizations of all sizes. For more information, visit http://www.dell.com/KACE or follow the conversation at http://twitter.com/DellKACE.
Helpful Links
-- Dell KACE Management Appliance
-- Dell KACE Deployment Appliance
-- Dell KACE Virtual Systems Management Appliances
-- ITNinja Community
CONTACT DETAILS
Archana Mohan, Dell, +91 9663405836, Archana_Mohan@DELL.com
Pooja Mehta, 20:20 MSL, +91 9663836220, pooja.mehta@2020msl.com
KEYWORDS
CONSUMER, 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: Dell India
Friday, June 29, 2012 12:27 PM IST (06:57 AM GMT)
Editors: General: Consumer interest; Business: Business services, Information technology, Media & entertainment; Technology
--------------------------------------------------
Dell KACET Brings Award-Winning Systems Management Solutions to India
Bangalore, Karnataka, India, Friday, June 29, 2012 -- (Business Wire India) -- -- The Dell KACE K Series of Systems Management Appliances, dedicated support and sales team, now available in India
-- Comprehensive systems management appliances designed to save IT administrators time and their organizations money
-- Dell KACE complements Dell's existing portfolio scalable solutions that address largest and smallest customers
Today, Dell KACET announced its award-winning Dell KACE K Series of Systems Management Appliances are now available in India. IT systems administrators across India will now be able to leverage Dell KACE Appliances to manage PCs and servers in a way that is comprehensive, easy-to-use and affordable.
Dell KACE's strong momentum and growth since its acquisition by Dell in 2010, has helped fuel the international expansion of its K Series Appliances, which are now available in multiple countries and languages. Organizations across the globe can now simplify the systems-management process through innovative software that makes it easier for IT managers to do their jobs, saving them time and their organizations money.
"Today's systems management solutions don't always address the needs of mid-sized customers who want solutions that scale to meet the growing management needs of their networks without ripping and replacing existing infrastructure. Dell KACE fills the gap between point solutions and complex, expensive management suites," said Rob Meinhardt, general manager for Dell KACE. "Our continued ability to bring our technology to new and thriving markets like India is a strong example of Dell's commitment to its strategy to offer end-to-end solutions with a scalable mid-market design point."
Dell KACE offers an appliance-based systems management solution that helps to automate critical tasks such as hardware and software inventory, frequent software updates, maintenance of approved configurations, and security patching, allowing the IT administrator to effectively manage end points through a series of simple clicks from a web-based console.
Unlike alternative point solutions that lack key functionality and integration, or enterprise-scale solutions that are costly and complex to install and maintain, Dell KACE K Series Systems Management Appliances fulfill the systems management needs of most organizations, from initial computer deployment to ongoing management and retirement. They provide support for heterogeneous environments (Windows, Mac and Linux) and any compatible hardware manufacturers' platforms. They typically install in one day at a low total cost of ownership. Dell KACE Appliances are available in both physical and virtual form factors, directly from Dell or through its partners.
Additionally, Dell KACE's helps IT teams save time and boost productivity through its product-agnostic online community ITNinja, offering IT professionals a free and easy way to search for answers and best practices to a range of complex issues through a game-like experience. Content from ITNinja can also be leveraged by Dell KACE customers directly through the Dell KACE Appliance Management Console, providing expertise contextually saving IT teams' time on common computer administration tasks.
About Dell
Dell Inc. (NASDAQ: DELL) listens to customers and delivers innovative technology and services that give them the power to do more. Dell provides system-management solutions for customers of all sizes and system complexity. The award-winning Dell KACE family of appliances delivers easy-to-use, comprehensive, and affordable systems management capabilities for organizations of all sizes. For more information, visit http://www.dell.com/KACE or follow the conversation at http://twitter.com/DellKACE.
Helpful Links
-- Dell KACE Management Appliance
-- Dell KACE Deployment Appliance
-- Dell KACE Virtual Systems Management Appliances
-- ITNinja Community
CONTACT DETAILS
Archana Mohan, Dell, +91 9663405836, Archana_Mohan@DELL.com
Pooja Mehta, 20:20 MSL, +91 9663836220, pooja.mehta@2020msl.com
KEYWORDS
CONSUMER, 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: Siddhartha Upadhyay - Stairs Founder and Secretary General, Visit Stairs Centers in Himachal Pradesh
Press release from Business Wire India
Source: Stairs
Friday, June 29, 2012 11:02 AM IST (05:32 AM GMT)
Editors: General: Consumer interest, Economy, People, Social issues; Business: Advertising, PR & marketing, Business services, Education & training, Sports; Healthcare
--------------------------------------------------
Siddhartha Upadhyay - Stairs Founder and Secretary General, Visit Stairs Centers in Himachal Pradesh
Stairs Khelo Himachal gets underway
New Delhi, Delhi, India, Friday, June 29, 2012 -- (Business Wire India) -- Mr. Siddhartha Upadhyay, Founder and Secretary General of Stairs, a non-profit organization working towards sports, education and health of underprivileged children, visited the Stairs centers in Himachal Pradesh, where 'Stairs Khelo Himachal' the philanthropic endeavor of Stairs is already underway. These sports centers provide free of cost - space, infrastructure and sports equipment to the less fortunate children of Himachal Pradesh.
Siddhartha Upadhyay visited 15 Stairs centers covering more than 100 villages of Himachal Pradesh. He met and interacted with the coaches and volunteers working at these centers and encouraged the underprivileged children to regularly come, play and utilize the facilities at these centers.
As a part of Stairs Khelo Himachal, altogether 6 sports are being undertaken including Volleyball, Football, Hockey, Kabaddi, Basketball and Handball.
Talking about his visit and the centers, Mr. Siddhartha Upadhyay, Founder and Secretary General, Stairs, said, "It is heartening to see so many children play regularly at our centers and benefit from a host of facilities provided at these centers. It clearly reflects the level of interest these children have in sports. The cornerstone of Stairs Khelo Himachal is to provide an opportunity to the underprivileged children to simply come out and play and enjoy themselves."
"The program is built on the fact that children who play sports are likely to excel not only on the playing field, but also in life through self-esteem and leadership skills. Through Stairs Khelo Himachal, we are able to bring marginalized youth together in an environment that fosters healthy competition, builds self-esteem and social integration. We understand the importance of sports for the underprivileged youth which is why we are deeply committed towards the cause. Like Uflex Khelo Dilli, I am confident Khelo Himachal will be a huge success and encourage the youth to play". He added Apart from Khelo Himachal, Stairs has been organizing annual sporting events like the Uflex Stairs Sombhadra Khel Mahotsav and the Uflex Stairs Cricket Championship in Una, Himachal Pradesh. Both these events have seen overwhelming participation and are an integral part of Stairs' sporting calendar.
Since its inception in 2005, Stairs has been actively involved in the upliftment of the less fortunate children mainly through the field of sports by organizing cricket championships. The sporting initiatives undertaken by Stairs are aimed at providing a platform to these children to hone their skills and showcase their talent through camps. Stairs understands the amount of talent that exists among these children and believes in creating opportunities so that their talent is rightly tapped and nurtured. Talented children are chosen from these camps and provided coaching, sports scholarship and sports gear.
About Stairs:
Stairs ( www.stairs.org.in ) is a non-profit organization working in the field of development of underprivileged youth through channelization of their energies in sports and education.
To view the photograph, please click on the link below:
Founder and secretary General Mr Siddhartha Upadhyay Addressing To the children
For picture(s)/data to illustrate this release click below:
http://www.BusinessWireIndia.com/attachments/Siddhartha_Upadhyay.JPG
Siddhartha_Upadhyay.JPG
CONTACT DETAILS
Surya Prakash Singh, Stairs (Empowering Youth), +91 8800740710, surya.s@stairs.org.in
KEYWORDS
CONSUMER, ECONOMY, PEOPLE, SOCIAL, MARKETING, BUSINESS SERVICES, EDUCATION, SPORTS, HEALTHCARE
If you wish to change your Business Wire India selection please click on this link http://www.businesswireindia.com/media/news.asp and use your personal username and password to login.
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Source: Stairs
Friday, June 29, 2012 11:02 AM IST (05:32 AM GMT)
Editors: General: Consumer interest, Economy, People, Social issues; Business: Advertising, PR & marketing, Business services, Education & training, Sports; Healthcare
--------------------------------------------------
Siddhartha Upadhyay - Stairs Founder and Secretary General, Visit Stairs Centers in Himachal Pradesh
Stairs Khelo Himachal gets underway
New Delhi, Delhi, India, Friday, June 29, 2012 -- (Business Wire India) -- Mr. Siddhartha Upadhyay, Founder and Secretary General of Stairs, a non-profit organization working towards sports, education and health of underprivileged children, visited the Stairs centers in Himachal Pradesh, where 'Stairs Khelo Himachal' the philanthropic endeavor of Stairs is already underway. These sports centers provide free of cost - space, infrastructure and sports equipment to the less fortunate children of Himachal Pradesh.
Siddhartha Upadhyay visited 15 Stairs centers covering more than 100 villages of Himachal Pradesh. He met and interacted with the coaches and volunteers working at these centers and encouraged the underprivileged children to regularly come, play and utilize the facilities at these centers.
As a part of Stairs Khelo Himachal, altogether 6 sports are being undertaken including Volleyball, Football, Hockey, Kabaddi, Basketball and Handball.
Talking about his visit and the centers, Mr. Siddhartha Upadhyay, Founder and Secretary General, Stairs, said, "It is heartening to see so many children play regularly at our centers and benefit from a host of facilities provided at these centers. It clearly reflects the level of interest these children have in sports. The cornerstone of Stairs Khelo Himachal is to provide an opportunity to the underprivileged children to simply come out and play and enjoy themselves."
"The program is built on the fact that children who play sports are likely to excel not only on the playing field, but also in life through self-esteem and leadership skills. Through Stairs Khelo Himachal, we are able to bring marginalized youth together in an environment that fosters healthy competition, builds self-esteem and social integration. We understand the importance of sports for the underprivileged youth which is why we are deeply committed towards the cause. Like Uflex Khelo Dilli, I am confident Khelo Himachal will be a huge success and encourage the youth to play". He added Apart from Khelo Himachal, Stairs has been organizing annual sporting events like the Uflex Stairs Sombhadra Khel Mahotsav and the Uflex Stairs Cricket Championship in Una, Himachal Pradesh. Both these events have seen overwhelming participation and are an integral part of Stairs' sporting calendar.
Since its inception in 2005, Stairs has been actively involved in the upliftment of the less fortunate children mainly through the field of sports by organizing cricket championships. The sporting initiatives undertaken by Stairs are aimed at providing a platform to these children to hone their skills and showcase their talent through camps. Stairs understands the amount of talent that exists among these children and believes in creating opportunities so that their talent is rightly tapped and nurtured. Talented children are chosen from these camps and provided coaching, sports scholarship and sports gear.
About Stairs:
Stairs ( www.stairs.org.in ) is a non-profit organization working in the field of development of underprivileged youth through channelization of their energies in sports and education.
To view the photograph, please click on the link below:
Founder and secretary General Mr Siddhartha Upadhyay Addressing To the children
For picture(s)/data to illustrate this release click below:
http://www.BusinessWireIndia.com/attachments/Siddhartha_Upadhyay.JPG
Siddhartha_Upadhyay.JPG
CONTACT DETAILS
Surya Prakash Singh, Stairs (Empowering Youth), +91 8800740710, surya.s@stairs.org.in
KEYWORDS
CONSUMER, ECONOMY, PEOPLE, SOCIAL, MARKETING, BUSINESS SERVICES, EDUCATION, SPORTS, HEALTHCARE
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Submit your press release at http://www.businesswireindia.com
BWI: Taro Transition Report For The Three Months Ended March 2012 on Form 20-F Available
Press release from Business Wire India
Source: Business Wire
Friday, June 29, 2012 09:49 AM IST (04:19 AM GMT)
Editors: General: Consumer interest; Business: Healthcare, biotechnology & pharmaceutical; Healthcare
--------------------------------------------------
(BW)(NY-TARO-PHARMACEUTICAL)(TARO)Taro Transition Report For The Three Months Ended March 2012 on Form 20-F Available
Hawthorne, New York, United States, Friday, June 29, 2012 -- (Business Wire India) --
CONTACT DETAILS
CONTACTS :
Taro Pharmaceutical Industries Ltd.
William J. Coote, 914-345-9001
VP, Treasurer
William.Coote@Taro.com
KEYWORDS
CONSUMER, HEALTHCARE, HEALTHCARE
If you wish to change your Business Wire India selection please click on this link http://www.businesswireindia.com/media/news.asp and use your personal username and password to login.
http://www.businesswire.com
Submit your press release at http://www.businesswireindia.com
Source: Business Wire
Friday, June 29, 2012 09:49 AM IST (04:19 AM GMT)
Editors: General: Consumer interest; Business: Healthcare, biotechnology & pharmaceutical; Healthcare
--------------------------------------------------
(BW)(NY-TARO-PHARMACEUTICAL)(TARO)Taro Transition Report For The Three Months Ended March 2012 on Form 20-F Available
Hawthorne, New York, United States, Friday, June 29, 2012 -- (Business Wire India) --
Taro Pharmaceutical Industries Ltd. (NYSE: TARO, "Taro") announced that its Transition Report for the three month period ended March 31, 2012 on Form 20-F, filed with the Securities and Exchange Commission (the "SEC") today, is available within the Investor Relations section of Taro's website at www.taro.com. Hard copies of the report may be ordered free of charge by sending requests to Taro Pharmaceuticals U.S.A., Inc., Three Skyline Drive, Hawthorne, NY 10532, attention: William J. Coote or via email to William.Coote@Taro.com.
Additionally, the report may be accessed on the SEC's website at www.sec.gov.
Taro Pharmaceutical Industries Ltd. is a multinational, science-based pharmaceutical company, dedicated to meeting the needs of its customers through the discovery, development, manufacturing and marketing of the highest quality healthcare products. For further information on Taro Pharmaceutical Industries Ltd., please visit Taro's website at www.taro.com.
CONTACT DETAILS
CONTACTS :
Taro Pharmaceutical Industries Ltd.
William J. Coote, 914-345-9001
VP, Treasurer
William.Coote@Taro.com
KEYWORDS
CONSUMER, HEALTHCARE, HEALTHCARE
If you wish to change your Business Wire India selection please click on this link http://www.businesswireindia.com/media/news.asp and use your personal username and password to login.
http://www.businesswire.com
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Thursday, June 28, 2012
BWI: Reverse Logistics Company Pvt. Ltd, India’s Leading Reverse Logistics Company, Raises Series B Funding Led by Vertex Venture Holdings
Press release from Business Wire India
Source: Reverse Logistics Company (RLC)
Thursday, June 28, 2012 04:25 PM IST (10:55 AM GMT)
Editors: General: Consumer interest, Economy, Environment, People; Business: Advertising, PR & marketing, Banking & financial services, Business services, Information technology; Technology
--------------------------------------------------
Reverse Logistics Company Pvt. Ltd, India's Leading Reverse Logistics Company, Raises Series B Funding Led by Vertex Venture Holdings
New Delhi, Delhi, India, Thursday, June 28, 2012 -- (Business Wire India) -- Delhi-based Reverse logistics company Pvt ltd and its brand GreenDust has raised a Series B round of investment from Vertex Venture Holdings Ltd, a fully owned subsidiary of Temasek. Existing investors Kleiner Perkins Caufield Byers and Sherpalo Ventures have also played an active role in the investment round. The Series B has been formulated that would bring an edge to the patrons and alliances on a longer run.
Hitendra Chaturvedi, founder and CEO of GreenDust, commented: "We want reverse logistics to be a catalyst for growth for our business partners. With this round of funding we will be able to provide even better world class, pan-India solution to them. Moreover, we will be able to strengthen our online and offline presence through Greendust.com thereby providing value conscious Indian consumers highly discounted branded products. In these tough economic times this is a win-win for our business partners as well as Indian consumers"
"We are delighted to partner with Hitendra in building a world class trusted online retailer that offers incredible value to its customers" said CHUA Joo Hock, Managing Director and Chief Investment Officer at Vertex. "The management team has shown strong execution over the last three years and has built capabilities which will help them scale quickly. We look forward to support them through the next phase of growth."
In addition to the investment round, RLC extends its value by selling certified branded factory second, returned, surplus and obsolete products to end customers through its brand GreenDust. Each product undergoes rigorous quality check and is sold with warranty. GreenDust through its online ( www.greendust.com) and offline (over 50 stores) channels offers branded discounted products for value conscious Indian consumers looking to stretch their hard-earned money without compromising on quality and service.
Vertex's strong network of partnerships with OEMs in Asia Pacific region is expected to help GreenDust form alliances with leading manufacturers.
About Reverse Logistics Company (RLC)
Reverse Logistics Company (RLC) is India's leading provider of comprehensive reverse supply chain solution for OEMs, retailers, and ecommerce companies helping them maintain a high level of customer satisfaction while minimizing the cost of processing returns. The company helps the OEMs monetize the returns thereby improving margins. More importantly, RLC allows manufacturers and retailers comply with e-waste regulations enabling them to become "green" companies.RLC's customers include LG, Samsung, Whirlpool, Toshiba, Lenovo, Acer, Philips, HS18, futurebazaar.com, Haier, PlanetM, Black&Decker, Dell, Electrolux, Videocon, Godrej, and many others.
About Vertex
Vertex Venture Holdings Ltd (Vertex Group) is a wholly-owned subsidiary of Temasek Holdings, investing in emerging companies and selectively supports and invests in funds throughout Greater Asia and the US for over 25 years. Vertex invests in young enterprising ventures that have the potential to be industry leaders and provides the necessary support to help these companies fulfill their true potential. Vertex has offices in Singapore, Beijing, Shanghai (China), Taipei (Taiwan), Bangalore (India) and Redwood City (California, USA). For more information on Vertex, please visit www.vertexmgt.com
CONTACT DETAILS
Priyanka Sachdeva, +91 9811489979
KEYWORDS
CONSUMER, ECONOMY, ENVIRONMENT, PEOPLE, MARKETING, BANKING, BUSINESS SERVICES, IT, TECHNOLOGY
If you wish to change your Business Wire India selection please click on this link http://www.businesswireindia.com/media/news.asp and use your personal username and password to login.
Submit your press release at http://www.businesswireindia.com
Source: Reverse Logistics Company (RLC)
Thursday, June 28, 2012 04:25 PM IST (10:55 AM GMT)
Editors: General: Consumer interest, Economy, Environment, People; Business: Advertising, PR & marketing, Banking & financial services, Business services, Information technology; Technology
--------------------------------------------------
Reverse Logistics Company Pvt. Ltd, India's Leading Reverse Logistics Company, Raises Series B Funding Led by Vertex Venture Holdings
New Delhi, Delhi, India, Thursday, June 28, 2012 -- (Business Wire India) -- Delhi-based Reverse logistics company Pvt ltd and its brand GreenDust has raised a Series B round of investment from Vertex Venture Holdings Ltd, a fully owned subsidiary of Temasek. Existing investors Kleiner Perkins Caufield Byers and Sherpalo Ventures have also played an active role in the investment round. The Series B has been formulated that would bring an edge to the patrons and alliances on a longer run.
Hitendra Chaturvedi, founder and CEO of GreenDust, commented: "We want reverse logistics to be a catalyst for growth for our business partners. With this round of funding we will be able to provide even better world class, pan-India solution to them. Moreover, we will be able to strengthen our online and offline presence through Greendust.com thereby providing value conscious Indian consumers highly discounted branded products. In these tough economic times this is a win-win for our business partners as well as Indian consumers"
"We are delighted to partner with Hitendra in building a world class trusted online retailer that offers incredible value to its customers" said CHUA Joo Hock, Managing Director and Chief Investment Officer at Vertex. "The management team has shown strong execution over the last three years and has built capabilities which will help them scale quickly. We look forward to support them through the next phase of growth."
In addition to the investment round, RLC extends its value by selling certified branded factory second, returned, surplus and obsolete products to end customers through its brand GreenDust. Each product undergoes rigorous quality check and is sold with warranty. GreenDust through its online ( www.greendust.com) and offline (over 50 stores) channels offers branded discounted products for value conscious Indian consumers looking to stretch their hard-earned money without compromising on quality and service.
Vertex's strong network of partnerships with OEMs in Asia Pacific region is expected to help GreenDust form alliances with leading manufacturers.
About Reverse Logistics Company (RLC)
Reverse Logistics Company (RLC) is India's leading provider of comprehensive reverse supply chain solution for OEMs, retailers, and ecommerce companies helping them maintain a high level of customer satisfaction while minimizing the cost of processing returns. The company helps the OEMs monetize the returns thereby improving margins. More importantly, RLC allows manufacturers and retailers comply with e-waste regulations enabling them to become "green" companies.RLC's customers include LG, Samsung, Whirlpool, Toshiba, Lenovo, Acer, Philips, HS18, futurebazaar.com, Haier, PlanetM, Black&Decker, Dell, Electrolux, Videocon, Godrej, and many others.
About Vertex
Vertex Venture Holdings Ltd (Vertex Group) is a wholly-owned subsidiary of Temasek Holdings, investing in emerging companies and selectively supports and invests in funds throughout Greater Asia and the US for over 25 years. Vertex invests in young enterprising ventures that have the potential to be industry leaders and provides the necessary support to help these companies fulfill their true potential. Vertex has offices in Singapore, Beijing, Shanghai (China), Taipei (Taiwan), Bangalore (India) and Redwood City (California, USA). For more information on Vertex, please visit www.vertexmgt.com
CONTACT DETAILS
Priyanka Sachdeva, +91 9811489979
KEYWORDS
CONSUMER, ECONOMY, ENVIRONMENT, PEOPLE, MARKETING, BANKING, BUSINESS SERVICES, IT, TECHNOLOGY
If you wish to change your Business Wire India selection please click on this link http://www.businesswireindia.com/media/news.asp and use your personal username and password to login.
Submit your press release at http://www.businesswireindia.com
BWI: Marvel Cascada Balewadi Residential Project Launch by Marvel Realtors Located at Pune, Balewadi Pune Apartments
Press release from Business Wire India
Source: DiscountedFlats
Thursday, June 28, 2012 04:14 PM IST (10:44 AM GMT)
Editors: Business: Construction, Real estate
--------------------------------------------------
Marvel Cascada Balewadi Residential Project Launch by Marvel Realtors Located at Pune, Balewadi Pune Apartments
Pune, Maharashtra, India, Thursday, June 28, 2012 -- (Business Wire India) -- Marvel Cascada is new Balewadi project launch by Marvel Realtors and Developers Ltd. Marvel Cascada Balewadi is a beautiful project, consisting of five elegant towers and 124 expansive apartments, brings to Western Pune quality beyond compare. Marvel Cascada offers a 2BHK, 3BHK and 4BHK with servant's room.
Marvel Cascada Balewadi it's inimitable home automation, mood lighting or even curtain controls, everything has been carefully put together to make living here a delight. Moreover, environmentally sustainable designs, lush landscaping and recreational facilities add to the pleasure, and allow you to keep doing what you do best - live fuller, live smarter.
Marvel Cascada Pune Project Amenities
Children's play area
Gymnasium
Swimming pool
Very large Landscape gardens
Club House
Hob and Chimney in Kitchen
Joggers Park
Vastu Shastra
Wooden Flooring in master Bed Room
Balewadi Project Marvel Cascada Connectivity
Hospital: 3 Km
Balewadi Stadium: 0 Km
Rajiv Gandhi IT Park Hinjewadi: 3 Km
Educational Institute: Within 1 Km
Mumbai Pune Highway: 5 Km
More Projects by Marvel Realtors and Developers Ltd
Browse More Pune Properties
Pune Properties
Balewadi Properties
About Discounted Flats
Discounted Flats (India Properties) is a Pan-India group booking channel, which groups individual residential buyers based across India to avail discounts of up to 35%. DF has consolidated all residential projects of metros and sub-metros (including even the smallest residential project) for sales purpose. DF does not charge their customers anything but instead charges brokerage from the builders. DFs USP is "customer empowerment" including tangible discounts, state-of-the-art services, single source for the residential primary market of the country, and advanced analytics.
CONTACT DETAILS
Nikhil Kasrung, +91 9225140343
KEYWORDS
CONSTRUCTION, REAL ESTATE
If you wish to change your Business Wire India selection please click on this link http://www.businesswireindia.com/media/news.asp and use your personal username and password to login.
Submit your press release at http://www.businesswireindia.com
Source: DiscountedFlats
Thursday, June 28, 2012 04:14 PM IST (10:44 AM GMT)
Editors: Business: Construction, Real estate
--------------------------------------------------
Marvel Cascada Balewadi Residential Project Launch by Marvel Realtors Located at Pune, Balewadi Pune Apartments
Pune, Maharashtra, India, Thursday, June 28, 2012 -- (Business Wire India) -- Marvel Cascada is new Balewadi project launch by Marvel Realtors and Developers Ltd. Marvel Cascada Balewadi is a beautiful project, consisting of five elegant towers and 124 expansive apartments, brings to Western Pune quality beyond compare. Marvel Cascada offers a 2BHK, 3BHK and 4BHK with servant's room.
Marvel Cascada Balewadi it's inimitable home automation, mood lighting or even curtain controls, everything has been carefully put together to make living here a delight. Moreover, environmentally sustainable designs, lush landscaping and recreational facilities add to the pleasure, and allow you to keep doing what you do best - live fuller, live smarter.
Marvel Cascada Pune Project Amenities
Children's play area
Gymnasium
Swimming pool
Very large Landscape gardens
Club House
Hob and Chimney in Kitchen
Joggers Park
Vastu Shastra
Wooden Flooring in master Bed Room
Balewadi Project Marvel Cascada Connectivity
Hospital: 3 Km
Balewadi Stadium: 0 Km
Rajiv Gandhi IT Park Hinjewadi: 3 Km
Educational Institute: Within 1 Km
Mumbai Pune Highway: 5 Km
More Projects by Marvel Realtors and Developers Ltd
Browse More Pune Properties
Pune Properties
Balewadi Properties
About Discounted Flats
Discounted Flats (India Properties) is a Pan-India group booking channel, which groups individual residential buyers based across India to avail discounts of up to 35%. DF has consolidated all residential projects of metros and sub-metros (including even the smallest residential project) for sales purpose. DF does not charge their customers anything but instead charges brokerage from the builders. DFs USP is "customer empowerment" including tangible discounts, state-of-the-art services, single source for the residential primary market of the country, and advanced analytics.
CONTACT DETAILS
Nikhil Kasrung, +91 9225140343
KEYWORDS
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: Häfele Presents Bertazzoni – The Cooking Machine
Press release from Business Wire India
Source: Häfele
Thursday, June 28, 2012 01:02 PM IST (07:32 AM GMT)
Editors: General: Consumer interest, Food & drink, People; Business: Advertising, PR & marketing, Business services, Electronic appliances & components, Household & personal care products & services, Major diversified industrial groups, Retailers; Technology
--------------------------------------------------
Häfele Presents Bertazzoni - The Cooking Machine
For the first Time in India
Mumbai, Maharashtra, India, Thursday, June 28, 2012 -- (Business Wire India) -- Häfele India introduces Bertazzoni - the world famous Italian cooking appliance company for the first time in India. Bertazzoni is an independent family company based in Emilia-Romagna, famous heartland of Italian food and cooking that manufactures cooking appliances keeping in mind the skills and needs of the modern cook. Bertazzoni cooking machines are today sold throughout Italy and exported to 60 countries around the world selling at the top end of the market through a quality dealer network and is now available in India by Häfele.
Bertazzoni range cookers come with gas cook tops that are one-piece in stainless steel, with precision engineered burners, safe and reliable ignition systems and easy controls giving a flexible and accurate cooking performance. The Bertazzoni range cookers features versatile electric multi-function and fan assisted gas ovens. Classic colors of Italy for the Bertazzoni cooker ranges are realized in a fully durable, triple-layer coating on steel using the latest processes developed for the luxury automobile industry. Colors are applied to the oven door, lower access panel and sides of the unit, contrasting elegantly with the stainless-steel worktop. The finish is acid and temperature resistant to give you a long-lasting luster, and bring a new dimension to the design and style of your kitchen. A wide range of beautiful and original Italian colors like Pure White, Red, Black, Beige, green, yellow, and burgundy red make these range cookers very attractive for interior designers to work with.
Bertazzoni presents a famous product called the Bertazzoni Professional series; a 122 cm super-wide electric range cooker is an uncompromising statement of power and prestige in your kitchen which is now available in India. The cook top has six gas burners and a stainless-steel electric teppanyaki griddle. The main oven has balanced air-flow multifunction settings and electric grill. The useful auxiliary conventional oven has a powerful grill and four cooking functions.
Speaking about the launch of Bertazzoni's professional series, Mr Paolo Bertazzoni, C.E.O of Bertazzoni says," People around the world who know how to cook use a Bertazzoni, built with passion and precision by people who know about cooking. Bertazzoni believes in being committed to sustainability, safety and efficiency in all their activities and operations. The clean lines, good proportions and functional, ergonomic design of a Bertazzoni Professional Series range cooker will give your kitchen the smartest professional look."
Speaking on the launch of Bertazzoni in India, Mr Jurgen Wolf, Managing director, Häfele India Pvt. Ltd says, "All Häfele products stands for quality and designed keeping their functionality at the top of the mind. Functionality is how we think; functionality is what we make and functionality is what we sell. Bertazzoni embraces both these qualities to create outstanding ranges, ovens and cooktops and Häfele is proud to introduce this quality to the Indian market.
The Bertazzoni traditions of imagination, and fine engineering comes alive with brilliant new Built in appliances that the boutique has to offer which includes Built in coffee machine, Built in electric ovens/Combi microwave/Steam oven, Built in induction Hob, Built in 5 burner hob and more. Ovens feature advanced and comprehensive micro-processor controls with simple intuitive interfaces. Advanced induction cooking has been also introduced in the new Bertazzoni Design Series. Steam ovens, Combi-microwave ovens and a coffee machine are included in the line-up, along with ventilation hoods and accessories.
About Bertazzoni :
Since 1882, five generations of the Bertazzoni family have led and managed the company. This is the source of pride and passion. It all started in the late 19th century when Francesco Bertazzoni, founder of the dynasty, saw wood burning stoves arrive in his home town of Guastalla brought by Austrian trainmen on the railroad that connected with the industrial centers of the north. Then as now, Emilia-Romagna was the heartland of Italian food, and these wood-burning stoves set Francesco to thinking. So some years later he and his son Antonio decided to make their own stoves like the ones they had seen - just for local use and to begin with, and in very small quantities. They were soon a success and before long the Bertazzoni name become known across Italy.
Today, the company remains in family hands today; CEO Paolo Bertazzoni joined the firm in 1981, bringing in top designers from Milan to add elegance to the brand's rather utilitarian look. Bertazzoni cooking machines are today sold throughout Italy and exported to 60 countries around the world selling at the top end of the market through a quality dealer network.
About Häfele :
Häfele set foot in India in 2001 as a liaison office essentially handling Hospitality projects for its line of Access Control Systems - Dialock. The growing hardware demand and the increasing architectural maturity motivated the company to start full commercial operations in India in 2003 as a wholly owned subsidiary by the name, Häfele India Pvt. Ltd. With its head office in Mumbai, 6 regional offices with Design Centers in all major metros and sales presence across the country, Häfele India has, over the last 8 years, acquired a leading position in the Indian Architectural Hardware Industry. Backed by the encouragement and constant motivation of Mr. Jürgen Wolf, Managing Director, employees at Häfele take responsibility for their learning. Häfele India lays pride in its diverse range of quality products, well-networked channel partners and unmatched service to customers. In addition to this, the subsidiary is the sole distributor in India, since 2004, to BLUM - an Austrian kitchen fittings manufacturer and world leader.
Today, Häfele India employs over 300 people who cater to a wide customer base with the help of an efficient distribution network, comprehensive logistics system and a sophisticated warehouse located in Mumbai.
Experience the exclusive Bertazzoni by Hafele Boutique at:
G-02/A, Corporate Sewa Park & Suites,
Gurgaon,
Haryana - 122001
To view the photograph, please click on the link below:
Mr. Paulo Bertazzoni, C.E.O of Bertazzoni and Mr.Jurgen Wolf, Managing director, Hafele India Pvt.Ltd.
For picture(s)/data to illustrate this release click below:
http://www.BusinessWireIndia.com/attachments/DSC_9315.JPG
DSC_9315.JPG
CONTACT DETAILS
Nawzer Kerawala, Synergy Public Relations, synergypr2000@gmail.com
KEYWORDS
CONSUMER, FOOD, PEOPLE, MARKETING, BUSINESS SERVICES, ELECTRONICS, HOUSEHOLD, GROUPS, 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: Häfele
Thursday, June 28, 2012 01:02 PM IST (07:32 AM GMT)
Editors: General: Consumer interest, Food & drink, People; Business: Advertising, PR & marketing, Business services, Electronic appliances & components, Household & personal care products & services, Major diversified industrial groups, Retailers; Technology
--------------------------------------------------
Häfele Presents Bertazzoni - The Cooking Machine
For the first Time in India
Mumbai, Maharashtra, India, Thursday, June 28, 2012 -- (Business Wire India) -- Häfele India introduces Bertazzoni - the world famous Italian cooking appliance company for the first time in India. Bertazzoni is an independent family company based in Emilia-Romagna, famous heartland of Italian food and cooking that manufactures cooking appliances keeping in mind the skills and needs of the modern cook. Bertazzoni cooking machines are today sold throughout Italy and exported to 60 countries around the world selling at the top end of the market through a quality dealer network and is now available in India by Häfele.
Bertazzoni range cookers come with gas cook tops that are one-piece in stainless steel, with precision engineered burners, safe and reliable ignition systems and easy controls giving a flexible and accurate cooking performance. The Bertazzoni range cookers features versatile electric multi-function and fan assisted gas ovens. Classic colors of Italy for the Bertazzoni cooker ranges are realized in a fully durable, triple-layer coating on steel using the latest processes developed for the luxury automobile industry. Colors are applied to the oven door, lower access panel and sides of the unit, contrasting elegantly with the stainless-steel worktop. The finish is acid and temperature resistant to give you a long-lasting luster, and bring a new dimension to the design and style of your kitchen. A wide range of beautiful and original Italian colors like Pure White, Red, Black, Beige, green, yellow, and burgundy red make these range cookers very attractive for interior designers to work with.
Bertazzoni presents a famous product called the Bertazzoni Professional series; a 122 cm super-wide electric range cooker is an uncompromising statement of power and prestige in your kitchen which is now available in India. The cook top has six gas burners and a stainless-steel electric teppanyaki griddle. The main oven has balanced air-flow multifunction settings and electric grill. The useful auxiliary conventional oven has a powerful grill and four cooking functions.
Speaking about the launch of Bertazzoni's professional series, Mr Paolo Bertazzoni, C.E.O of Bertazzoni says," People around the world who know how to cook use a Bertazzoni, built with passion and precision by people who know about cooking. Bertazzoni believes in being committed to sustainability, safety and efficiency in all their activities and operations. The clean lines, good proportions and functional, ergonomic design of a Bertazzoni Professional Series range cooker will give your kitchen the smartest professional look."
Speaking on the launch of Bertazzoni in India, Mr Jurgen Wolf, Managing director, Häfele India Pvt. Ltd says, "All Häfele products stands for quality and designed keeping their functionality at the top of the mind. Functionality is how we think; functionality is what we make and functionality is what we sell. Bertazzoni embraces both these qualities to create outstanding ranges, ovens and cooktops and Häfele is proud to introduce this quality to the Indian market.
The Bertazzoni traditions of imagination, and fine engineering comes alive with brilliant new Built in appliances that the boutique has to offer which includes Built in coffee machine, Built in electric ovens/Combi microwave/Steam oven, Built in induction Hob, Built in 5 burner hob and more. Ovens feature advanced and comprehensive micro-processor controls with simple intuitive interfaces. Advanced induction cooking has been also introduced in the new Bertazzoni Design Series. Steam ovens, Combi-microwave ovens and a coffee machine are included in the line-up, along with ventilation hoods and accessories.
About Bertazzoni :
Since 1882, five generations of the Bertazzoni family have led and managed the company. This is the source of pride and passion. It all started in the late 19th century when Francesco Bertazzoni, founder of the dynasty, saw wood burning stoves arrive in his home town of Guastalla brought by Austrian trainmen on the railroad that connected with the industrial centers of the north. Then as now, Emilia-Romagna was the heartland of Italian food, and these wood-burning stoves set Francesco to thinking. So some years later he and his son Antonio decided to make their own stoves like the ones they had seen - just for local use and to begin with, and in very small quantities. They were soon a success and before long the Bertazzoni name become known across Italy.
Today, the company remains in family hands today; CEO Paolo Bertazzoni joined the firm in 1981, bringing in top designers from Milan to add elegance to the brand's rather utilitarian look. Bertazzoni cooking machines are today sold throughout Italy and exported to 60 countries around the world selling at the top end of the market through a quality dealer network.
About Häfele :
Häfele set foot in India in 2001 as a liaison office essentially handling Hospitality projects for its line of Access Control Systems - Dialock. The growing hardware demand and the increasing architectural maturity motivated the company to start full commercial operations in India in 2003 as a wholly owned subsidiary by the name, Häfele India Pvt. Ltd. With its head office in Mumbai, 6 regional offices with Design Centers in all major metros and sales presence across the country, Häfele India has, over the last 8 years, acquired a leading position in the Indian Architectural Hardware Industry. Backed by the encouragement and constant motivation of Mr. Jürgen Wolf, Managing Director, employees at Häfele take responsibility for their learning. Häfele India lays pride in its diverse range of quality products, well-networked channel partners and unmatched service to customers. In addition to this, the subsidiary is the sole distributor in India, since 2004, to BLUM - an Austrian kitchen fittings manufacturer and world leader.
Today, Häfele India employs over 300 people who cater to a wide customer base with the help of an efficient distribution network, comprehensive logistics system and a sophisticated warehouse located in Mumbai.
Experience the exclusive Bertazzoni by Hafele Boutique at:
G-02/A, Corporate Sewa Park & Suites,
Gurgaon,
Haryana - 122001
To view the photograph, please click on the link below:
Mr. Paulo Bertazzoni, C.E.O of Bertazzoni and Mr.Jurgen Wolf, Managing director, Hafele India Pvt.Ltd.
For picture(s)/data to illustrate this release click below:
http://www.BusinessWireIndia.com/attachments/DSC_9315.JPG
DSC_9315.JPG
CONTACT DETAILS
Nawzer Kerawala, Synergy Public Relations, synergypr2000@gmail.com
KEYWORDS
CONSUMER, FOOD, PEOPLE, MARKETING, BUSINESS SERVICES, ELECTRONICS, HOUSEHOLD, GROUPS, RETAIL, TECHNOLOGY
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BWI: Taaza.com Launches Comparison Shopping and Movies Verticals
Press release from Business Wire India
Source: Taaza.com
Thursday, June 28, 2012 10:00 AM IST (04:30 AM GMT)
Editors: General: Consumer interest, Entertainment, Lifestyle; Business: Business services, Information technology, Media & entertainment; Technology
--------------------------------------------------
Taaza.com Launches Comparison Shopping and Movies Verticals
Gurgaon, Haryana, India, Thursday, June 28, 2012 -- (Business Wire India) -- Accentium Web Pvt Ltd, owner of leading horizontal Taaza.com today announced that it had launched a few key new sections on the site - shopping, movies and photos. The shopping section has been branded 'iShopper' and is accessible at both ishopper.com as well as ishopper.taaza.com
Commenting on the launches, Accentium Director, Vivek Pahwa said - "Shopping has become a mainstay of Indian Internet now - We aim to be one of the leading players in the content, search and price discovery of products and deals available online in India. With the shopping vertical, we have currently launched the mobiles section - this site not only has prices across various e-commerce sites, but also has comprehensive content for mobiles in India, including specifications, news, reviews, videos and pictures. We feel this is the most comprehensive site for this category in the country. Other verticals will be added as they are built. We aim to cover all e-commerce categories this year."
Taaza Movies is one of the most comprehensive movie related content sites in India. It currently has movie related information for Hollywood and Bollywood. It has movie information, news, reviews, photos, videos, celebrity information and tons of other great content.
Accentium estimates that using the total reach of Indian online users for its sites Taaza.com, StudyNation.com, Secondshaadi.com, it has already become one of the top 100 online site groups in terms of india audience reach, including both indian and international sites. With a reach of over 3 million unique visitors per month, and an expected reach of 5-6 million unique visitors per month by the end of the year, It is confident that with current roll out plans for new content verticals and with growth in existing verticals, it can easily breach into the top 50 online groups by reach by the end of the calendar year.
About Accentium Web Pvt Ltd
Founded by Vivek Pahwa, Accentium has had several successes in the internet space in India. In February 2011, Accentium sold Gaadi.com, India's leading auto portal to MIH Internet. Gaadi.com is in the business of providing new and used car solutions to users, dealers and advertisers. Prior to that, Accentium made a successful exit from Desimartini.com, selling it to HT Media Ltd in November 2007.
Besides Taaza.com, Accentium currently runs SitaGita.com, AdLift and SecondShaadi.com
Taaza.com is a multi-vertical content based horizontal with news, jobs, education, movies, shopping, photos, classifieds, travel, finance and games being the current verticals on the site.
AdLift.com - AdLift is one of India's leading digital marketing solutions provider. AdLift provides differentiated Search Marketing solutions and has clients in India and the US. AdLift now provides digital marketing services to some of the biggest internet companies in the world.
SecondShaadi.com - India's leading matrimonial site for second marriages, it has successfully created many alliances in this category.
CONTACT DETAILS
Anmol Banerjee, Accentium Web Pvt Ltd, sales@accentium.com
KEYWORDS
CONSUMER, ENTERTAINMENT, LIFESTYLE, 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: Taaza.com
Thursday, June 28, 2012 10:00 AM IST (04:30 AM GMT)
Editors: General: Consumer interest, Entertainment, Lifestyle; Business: Business services, Information technology, Media & entertainment; Technology
--------------------------------------------------
Taaza.com Launches Comparison Shopping and Movies Verticals
Gurgaon, Haryana, India, Thursday, June 28, 2012 -- (Business Wire India) -- Accentium Web Pvt Ltd, owner of leading horizontal Taaza.com today announced that it had launched a few key new sections on the site - shopping, movies and photos. The shopping section has been branded 'iShopper' and is accessible at both ishopper.com as well as ishopper.taaza.com
Commenting on the launches, Accentium Director, Vivek Pahwa said - "Shopping has become a mainstay of Indian Internet now - We aim to be one of the leading players in the content, search and price discovery of products and deals available online in India. With the shopping vertical, we have currently launched the mobiles section - this site not only has prices across various e-commerce sites, but also has comprehensive content for mobiles in India, including specifications, news, reviews, videos and pictures. We feel this is the most comprehensive site for this category in the country. Other verticals will be added as they are built. We aim to cover all e-commerce categories this year."
Taaza Movies is one of the most comprehensive movie related content sites in India. It currently has movie related information for Hollywood and Bollywood. It has movie information, news, reviews, photos, videos, celebrity information and tons of other great content.
Accentium estimates that using the total reach of Indian online users for its sites Taaza.com, StudyNation.com, Secondshaadi.com, it has already become one of the top 100 online site groups in terms of india audience reach, including both indian and international sites. With a reach of over 3 million unique visitors per month, and an expected reach of 5-6 million unique visitors per month by the end of the year, It is confident that with current roll out plans for new content verticals and with growth in existing verticals, it can easily breach into the top 50 online groups by reach by the end of the calendar year.
About Accentium Web Pvt Ltd
Founded by Vivek Pahwa, Accentium has had several successes in the internet space in India. In February 2011, Accentium sold Gaadi.com, India's leading auto portal to MIH Internet. Gaadi.com is in the business of providing new and used car solutions to users, dealers and advertisers. Prior to that, Accentium made a successful exit from Desimartini.com, selling it to HT Media Ltd in November 2007.
Besides Taaza.com, Accentium currently runs SitaGita.com, AdLift and SecondShaadi.com
Taaza.com is a multi-vertical content based horizontal with news, jobs, education, movies, shopping, photos, classifieds, travel, finance and games being the current verticals on the site.
AdLift.com - AdLift is one of India's leading digital marketing solutions provider. AdLift provides differentiated Search Marketing solutions and has clients in India and the US. AdLift now provides digital marketing services to some of the biggest internet companies in the world.
SecondShaadi.com - India's leading matrimonial site for second marriages, it has successfully created many alliances in this category.
CONTACT DETAILS
Anmol Banerjee, Accentium Web Pvt Ltd, sales@accentium.com
KEYWORDS
CONSUMER, ENTERTAINMENT, LIFESTYLE, 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
Wednesday, June 27, 2012
BWI: CORRECTING and REPLACING Max New York Life to be Named MAX LIFE INSURANCE
Press release from Business Wire India
Source: Max New York Life Insurance
Wednesday, June 27, 2012 04:21 PM IST (10:51 AM GMT)
Editors: General: Consumer interest, Economy, People; Business: Advertising, PR & marketing, Banking & financial services, Business services, Financial Analyst; Healthcare
--------------------------------------------------
CORRECTING and REPLACING Max New York Life to be Named MAX LIFE INSURANCE
26% stake transfer to Mitsui Sumitomo Insurance Co. Ltd. completed; Board appoints Mr. Toshinari TOKOI and Mr. Hideaki NOMURA as Max Life Insurance Directors
New Delhi, Delhi, India, Wednesday, June 27, 2012 -- (Business Wire India) -- Max New York Life Insurance, the largest non-bank private life insurer, today announced the completion of its 26% stake transfer to Mitsui Sumitomo Insurance Co. Ltd., a MS&AD Insurance Group Holdings. The transfer was made after obtaining the requisite regulatory clearance from the Insurance Regulatory and Development Authority (IRDA), the Reserve Bank of India and Competition Commission of India. The company will now be named MAX LIFE INSURANCE Co. Ltd., subject to regulatory approval. The new brand name further strengthens the trust and consumer confidence in the Max India brand.
The company also announced the appointment of Mr. Toshinari TOKOI and Mr. Hideaki NOMURA on Max Life Insurance's Board of Directors as representatives of Mitsui Sumitomo Insurance Co. Ltd. Mr. Tokoi has more than 30 years' experience in the insurance industry and played a pivotal role in establishing a strong insurance foothold for MSI in Asia. In addition to his insurance expertise, he brings extensive experience in governance and administration of international business operations. Mr. Nomura has over 25 years of experience in the financial industries, including insurance, banking and investment banking, with a key focus to strategically establishing new ventures in Asia.
The stake transfer successfully culminates the all cash transaction announced on 12th April 2012 which results in MS&AD paying Rs 2,731 crore (US$ 483 million[1][1]) for a 26% stake in Max New York Life, making it the 2nd largest foreign investment in the Indian Life Insurance sector. The transaction values Max New York Life at Rs 10,504 crore (US$ 1.86 billion). The consideration offered by MS&AD reflects the strong confidence in Max New York Life and its superior performance, as demonstrated in 2011 when the company's standing rose from 7th to 4th position in the Indian Private Life Insurance league table, gaining 247 basis points market share in a highly competitive space. Post transaction, Max India's majority stake of 70% remains unchanged.
Speaking at the occasion, Mr Analjit Singh, Chairman, Max India Limited, said, "I am delighted to welcome Mr. Tokoi and Mr. Nomura as the representative Directors from Mitsui Sumitomo Insurance on Max Life Insurance Board. For the next stage of Max Life Insurance's growth and development, we view Mitsui Sumitomo as an ideal partner. I am confident that the rich experience and financial strength of Mitsui Sumitomo Insurance, coupled with our inherent strengths of people and processes, will yield an even brighter growth journey over the years to come."
According to Mr. Rahul Khosla, Managing Director, Max India Limited, "Max India has a vision of being the "Most admired corporate for service excellence" and Max Life Insurance will be in the forefront of all our efforts in making our vision comes true. Given that it accounts for about 80% of the Group revenue, we are committed to this business and will continue to nurture it."
Rajesh Sud, CEO & Managing Director, Max New York Life, said, "We are delighted that the Board members of Max New York Life Insurance have approved the transaction in today's board meeting, taking the Company to the next phase of its growth. From a consumer standpoint, the transition will be seamless and we remain strongly committed to our strategy of serving the long term saving and protection needs of our customers. Over the years, we have built a financially strong and respected company and are confident that our advice based sales, comprehensive product portfolio, diversified distribution model and customer centric approach at every touch point will continue to differentiate us in the market place basis."
Speaking on the occasion, Yasuyoshi Karasawa, President, Chief Executive Officer, Mitsui Sumitomo Insurance Co. Ltd., said "Max India is one of India's most admired companies with a well recognized brand and a deeply experienced management team. MNYL is the best possible life insurance company that we could have partnered with for our entry into the Indian Life Insurance space and we are excited about our association with the Indian insurance market."
About Max New York Life (www.maxnewyorklife.com)
Max New York Life Insurance Co. Ltd. is a joint venture between Max India Ltd., one of India's leading multi business corporations and New York Life Enterprises LLC, a subsidiary of New York Life, a Fortune 100 company. Max New York Life Insurance, incorporated in 2000, is the largest non-bank promoted private life insurance company in India. The company offers both individual and group life insurance solutions. It has established a multi-channel distribution network across India. Through its wide network of highly competent life insurance agent advisors & intermediaries and comprehensive product portfolio, Max New York Life is providing life insurance solutions for its core value of Long-term Savings and Protection.
About Max India (www.maxindia.com)
Max India Group is a multi-business corporate, driven by the spirit of enterprise and focused on people and service oriented businesses. The Company is headquartered in New Delhi, India. Max India is in the 'Business of Life' with its vision to be one of India's most admired corporates for Service Excellence. It 'Protects Life' through its Life Insurance subsidiary Max New York Life; 'Cares for Life' through its Healthcare company, Max Healthcare, a joint venture between Max India and Life Healthcare, South Africa; 'Enhances Life' through its Health Insurance company, Max Bupa Health Insurance, a joint venture between Max India and Bupa Finance Plc., UK; and 'Improves Life' through its Clinical Research business, Max Neeman, a fully owned subsidiary of Max India Max India continues its interest in manufacture of Speciality Products for the packaging industry through its SBU Max Speciality Films. and recently entered Senior Living Business through its fully owned subsidiary, Antara.
For the Financial Year 2011-12, Max India Group recorded a consolidated turnover of over Rs. 8,560 crore. The Group's businesses have built commanding presence in their respective sector through a total customer base of more than 5 million, over 500 offices spread across India and a people strength of 57,000 as on 31st March 2012.
The flagship company Max India Limited is a widely held public limited company and is listed on the BSE and the NSE. The company is led by Analjit Singh who holds 37% stake and has as its shareholders some of world's best Institutional Investors such as Goldman Sachs, Fidelity, IFC, First State and Temasek.
About Mitsui Sumitomo Insurance
Mitsui Sumitomo Insurance Co., Ltd. (MSI) is a member of MS&AD Insurance Group headquartered in Tokyo, Japan. MSI was formed in October 2001 through a merger between the former Mitsui Marine & Fire Insurance Co., Ltd.("Mitsui Marine") and the former The Sumitomo Marine & Fire Insurance Co., Ltd. ("Sumitomo Marine"). Both Mitsui Marine and Sumitomo Marine were leading general insurance companies boasting long history since 1918 and 1893, respectively.
Having a history of 120 years in general insurance business, today, MSI has developed an overseas network of about 400 bases in 40 countries and regions globally, mainly in high-growth areas within Asia. With more than 50 years of experience in operating outside Japan, MSI aims to supply products and services tailored to various risks around the world.
In addition to general insurance business, MSI has strong experience and an extensive track record in the area of Life Insurance through its domestic subsidiaries, Mitsui Sumitomo Aioi Life and Mitsui Sumitomo Primary Life, both of which are currently owned by the group's holding company MS&AD Insurance Group Holdings, Inc. MSI also has a presence in Life Insurance markets of Thailand, China, Malaysia and Indonesia.
In India, MSI has been operating its general insurance business through its joint venture "Cholamandalam MS General Insurance Company Limited" since 2003.
CONTACT DETAILS
Abhinav Rahul, Max New York Life Insurance, +91 9810279666, abhinav.rahul@maxnewyorklife.com
KEYWORDS
CONSUMER, ECONOMY, PEOPLE, MARKETING, BANKING, BUSINESS SERVICES, Financial Analyst, HEALTHCARE
If you wish to change your Business Wire India selection please click on this link http://www.businesswireindia.com/media/news.asp and use your personal username and password to login.
Submit your press release at http://www.businesswireindia.com
Source: Max New York Life Insurance
Wednesday, June 27, 2012 04:21 PM IST (10:51 AM GMT)
Editors: General: Consumer interest, Economy, People; Business: Advertising, PR & marketing, Banking & financial services, Business services, Financial Analyst; Healthcare
--------------------------------------------------
CORRECTING and REPLACING Max New York Life to be Named MAX LIFE INSURANCE
26% stake transfer to Mitsui Sumitomo Insurance Co. Ltd. completed; Board appoints Mr. Toshinari TOKOI and Mr. Hideaki NOMURA as Max Life Insurance Directors
New Delhi, Delhi, India, Wednesday, June 27, 2012 -- (Business Wire India) -- Max New York Life Insurance, the largest non-bank private life insurer, today announced the completion of its 26% stake transfer to Mitsui Sumitomo Insurance Co. Ltd., a MS&AD Insurance Group Holdings. The transfer was made after obtaining the requisite regulatory clearance from the Insurance Regulatory and Development Authority (IRDA), the Reserve Bank of India and Competition Commission of India. The company will now be named MAX LIFE INSURANCE Co. Ltd., subject to regulatory approval. The new brand name further strengthens the trust and consumer confidence in the Max India brand.
The company also announced the appointment of Mr. Toshinari TOKOI and Mr. Hideaki NOMURA on Max Life Insurance's Board of Directors as representatives of Mitsui Sumitomo Insurance Co. Ltd. Mr. Tokoi has more than 30 years' experience in the insurance industry and played a pivotal role in establishing a strong insurance foothold for MSI in Asia. In addition to his insurance expertise, he brings extensive experience in governance and administration of international business operations. Mr. Nomura has over 25 years of experience in the financial industries, including insurance, banking and investment banking, with a key focus to strategically establishing new ventures in Asia.
The stake transfer successfully culminates the all cash transaction announced on 12th April 2012 which results in MS&AD paying Rs 2,731 crore (US$ 483 million[1][1]) for a 26% stake in Max New York Life, making it the 2nd largest foreign investment in the Indian Life Insurance sector. The transaction values Max New York Life at Rs 10,504 crore (US$ 1.86 billion). The consideration offered by MS&AD reflects the strong confidence in Max New York Life and its superior performance, as demonstrated in 2011 when the company's standing rose from 7th to 4th position in the Indian Private Life Insurance league table, gaining 247 basis points market share in a highly competitive space. Post transaction, Max India's majority stake of 70% remains unchanged.
Speaking at the occasion, Mr Analjit Singh, Chairman, Max India Limited, said, "I am delighted to welcome Mr. Tokoi and Mr. Nomura as the representative Directors from Mitsui Sumitomo Insurance on Max Life Insurance Board. For the next stage of Max Life Insurance's growth and development, we view Mitsui Sumitomo as an ideal partner. I am confident that the rich experience and financial strength of Mitsui Sumitomo Insurance, coupled with our inherent strengths of people and processes, will yield an even brighter growth journey over the years to come."
According to Mr. Rahul Khosla, Managing Director, Max India Limited, "Max India has a vision of being the "Most admired corporate for service excellence" and Max Life Insurance will be in the forefront of all our efforts in making our vision comes true. Given that it accounts for about 80% of the Group revenue, we are committed to this business and will continue to nurture it."
Rajesh Sud, CEO & Managing Director, Max New York Life, said, "We are delighted that the Board members of Max New York Life Insurance have approved the transaction in today's board meeting, taking the Company to the next phase of its growth. From a consumer standpoint, the transition will be seamless and we remain strongly committed to our strategy of serving the long term saving and protection needs of our customers. Over the years, we have built a financially strong and respected company and are confident that our advice based sales, comprehensive product portfolio, diversified distribution model and customer centric approach at every touch point will continue to differentiate us in the market place basis."
Speaking on the occasion, Yasuyoshi Karasawa, President, Chief Executive Officer, Mitsui Sumitomo Insurance Co. Ltd., said "Max India is one of India's most admired companies with a well recognized brand and a deeply experienced management team. MNYL is the best possible life insurance company that we could have partnered with for our entry into the Indian Life Insurance space and we are excited about our association with the Indian insurance market."
About Max New York Life (www.maxnewyorklife.com)
Max New York Life Insurance Co. Ltd. is a joint venture between Max India Ltd., one of India's leading multi business corporations and New York Life Enterprises LLC, a subsidiary of New York Life, a Fortune 100 company. Max New York Life Insurance, incorporated in 2000, is the largest non-bank promoted private life insurance company in India. The company offers both individual and group life insurance solutions. It has established a multi-channel distribution network across India. Through its wide network of highly competent life insurance agent advisors & intermediaries and comprehensive product portfolio, Max New York Life is providing life insurance solutions for its core value of Long-term Savings and Protection.
About Max India (www.maxindia.com)
Max India Group is a multi-business corporate, driven by the spirit of enterprise and focused on people and service oriented businesses. The Company is headquartered in New Delhi, India. Max India is in the 'Business of Life' with its vision to be one of India's most admired corporates for Service Excellence. It 'Protects Life' through its Life Insurance subsidiary Max New York Life; 'Cares for Life' through its Healthcare company, Max Healthcare, a joint venture between Max India and Life Healthcare, South Africa; 'Enhances Life' through its Health Insurance company, Max Bupa Health Insurance, a joint venture between Max India and Bupa Finance Plc., UK; and 'Improves Life' through its Clinical Research business, Max Neeman, a fully owned subsidiary of Max India Max India continues its interest in manufacture of Speciality Products for the packaging industry through its SBU Max Speciality Films. and recently entered Senior Living Business through its fully owned subsidiary, Antara.
For the Financial Year 2011-12, Max India Group recorded a consolidated turnover of over Rs. 8,560 crore. The Group's businesses have built commanding presence in their respective sector through a total customer base of more than 5 million, over 500 offices spread across India and a people strength of 57,000 as on 31st March 2012.
The flagship company Max India Limited is a widely held public limited company and is listed on the BSE and the NSE. The company is led by Analjit Singh who holds 37% stake and has as its shareholders some of world's best Institutional Investors such as Goldman Sachs, Fidelity, IFC, First State and Temasek.
About Mitsui Sumitomo Insurance
Mitsui Sumitomo Insurance Co., Ltd. (MSI) is a member of MS&AD Insurance Group headquartered in Tokyo, Japan. MSI was formed in October 2001 through a merger between the former Mitsui Marine & Fire Insurance Co., Ltd.("Mitsui Marine") and the former The Sumitomo Marine & Fire Insurance Co., Ltd. ("Sumitomo Marine"). Both Mitsui Marine and Sumitomo Marine were leading general insurance companies boasting long history since 1918 and 1893, respectively.
Having a history of 120 years in general insurance business, today, MSI has developed an overseas network of about 400 bases in 40 countries and regions globally, mainly in high-growth areas within Asia. With more than 50 years of experience in operating outside Japan, MSI aims to supply products and services tailored to various risks around the world.
In addition to general insurance business, MSI has strong experience and an extensive track record in the area of Life Insurance through its domestic subsidiaries, Mitsui Sumitomo Aioi Life and Mitsui Sumitomo Primary Life, both of which are currently owned by the group's holding company MS&AD Insurance Group Holdings, Inc. MSI also has a presence in Life Insurance markets of Thailand, China, Malaysia and Indonesia.
In India, MSI has been operating its general insurance business through its joint venture "Cholamandalam MS General Insurance Company Limited" since 2003.
CONTACT DETAILS
Abhinav Rahul, Max New York Life Insurance, +91 9810279666, abhinav.rahul@maxnewyorklife.com
KEYWORDS
CONSUMER, ECONOMY, PEOPLE, MARKETING, BANKING, BUSINESS SERVICES, Financial Analyst, HEALTHCARE
If you wish to change your Business Wire India selection please click on this link http://www.businesswireindia.com/media/news.asp and use your personal username and password to login.
Submit your press release at http://www.businesswireindia.com
BWI: Myntra Hosts its First Annual Brand Meet 2012 - ‘Brick and Click of Fashion’
Press release from Business Wire India
Source: Myntra.Com
Wednesday, June 27, 2012 05:29 PM IST (11:59 AM GMT)
Editors: General: Consumer interest, Entertainment, Fashion, Lifestyle, People; Business: Advertising, PR & marketing, Business services, Clothing & accessories, Information technology, Major diversified industrial groups, Media & entertainment, Retailers; Technology
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Myntra Hosts its First Annual Brand Meet 2012 - 'Brick and Click of Fashion'
Bangalore, Karnataka, India, Wednesday, June 27, 2012 -- (Business Wire India) -- Myntra.com, in a first of its kind initiative, organised a Brand Meet aptly titled 'Brick and click of Fashion' on 22nd June 2012 at their campus in Bangalore.
Myntra's first Annual Brand Meet witnessed over 60 partner brands, with CEO/MD's of over 20 brands present along with VP's and Business Heads from rest of the brands coming together to discuss the basic essentials on Brand Partnerships and Offline & Online Retail. The keynote speaker at this event was Rajan Anandan, VP and MD, Google India.
Mukesh Bansal, CEO and Founder of Myntra.com kick started the 'Brand Meet' which brought together its strategic partners who believed in the online platform and worked with Myntra over the last 18 months.
Speaking at the opening session, Mr. Mukesh Bansal, Founder and CEO, Myntra.com said, "We are pleased to have hosted first brand summit among all eCommerce players. This was our way to thank our brand partners for the role they have played in Myntra's growth and share our future roadmap and vision with them. Brands universally applauded Myntra's commitment to the current season, full catalog model and healthy business practices. We will continue to strengthen our relationship with the leading brands that have helped us become the #1 player in Fashion category."
In an intriguing and insightful discussion, Mr. Bansal took the guests through Myntra's journey since 2010 and also shared future plans and projections of the leading Indian ecommerce retailer.
Myntra has the largest online catalogue of over 350 international and national brands currently available on its website and the ecommerce portal is home to more than 400,000 visitors daily. The company plans to reach $1 billion in revenues within the next 5 years and firmly cement its place as the largest online retailer in the fashion and lifestyle space.
Reciprocating Mr. Bansal's view on the tremendous potential of the e-commerce industry, Mr. Rajan Anandan, VP & MD, Google India said, "Globally, the e-commerce industry is expected to be worth 900 billion USD by the end of the year 2012. Compounded at the current growth rate, in the next decade the e-commerce industry is expected to be worth 3 trillion USD."
He also spoke about the rapid growth of e-commerce and technology in India. "E-commerce in India is at a tipping point. The number of search queries related to shopping has gone up 18 times" he said. Mr Anandan explained that there will be about 3.5 billion internet users in 2012 (45% of the entire world's population will be on the internet).
"Online apparel market will grow to $2 billion by 2015. Not having access to brands is definitely going to attract users to transact online. E- Commerce is just the beginning" says Mr. Anandan.
The first panel discussion focused on brand partnerships and the challenges faced in e-commerce. The panel included Rajiv Mehta (MD, Puma South Asia), Gaurav Dublish (Promoter & Director - Wildcraft), Chakor Jain (Business Head for LEE), Rajiv Bajaj (CEO, Fila India and South Asia) and Ganesh Subramanian (CMO, Myntra.com) moderated the discussion. This discussion focused on the 4 stages of partnership between Myntra and the brands, various collaborative marketing initiatives, forecasting demand, e-commerce strategies and understanding consumer trends. The key take away from the session was the pressing need to standardize body sizes across brands sold in the country.
This was followed by the second panel discussion which focussed on the best offline retail practices. This panel included Asif Merchant (MD, Catwalk worldwide), Sandeep Mukhim (CEO, Proline India Pvt Ltd), Abhishek Ganguly (Executive Director- Sales & Retail, South Asia Puma), Ashutosh Vaidya (Director Sales - SAARC Region, Luxottica India Ltd (Rayban)) and Moderator: Vikas Bagga (Enterprising Practitioner). This discussion focused on best offline retail practices that can be implemented in the online space. The panel also discussed about doing exclusive brand launches and first look's with Myntra.
Sharing his views on the event, Rajiv Mehta, MD, Puma, South Asia said, "A much needed event in order to showcase the talent and technological capabilities of India's e-com pioneer, thus fostering collaboration between brands and the company. The insightful presentation by Rajan along with the thought provoking panel discussions added a lot for the audience to take home."
Sandeep Mukhim, CEO, Proline India Ltd added, "The efforts put by Myntra team to organise the brand partner meet is laudable. It was a great platform to integrate the future plan of Myntra with their partners. We feel confident of Myntra's direction and the actions planned for the same."
The event concluded with a tour of Myntra's warehouse followed by a special fashion show put together using merchandise sold on Myntra.com
About Myntra.com:
Myntra.com is among the top e-commerce companies in India and is the largest online retailer of fashion and lifestyle products. Myntra has tied up with the best fashion and lifestyle brands in the country such as Nike, Puma, Adidas, Lee, Levis, Pepe, Flying Machine, Arrow, Jealous 21, Fabindia, Biba, Global Desi, UCB, US Polo, RayBan etc. to offer a wide range in latest branded fashion and lifestyle wear. With the largest in-season product catalogue, 100% authentic product, cash on delivery and favourable return policies, Myntra has become the preferred online shopping destination in India.
Myntra was started by a group of IIT/IIM graduates in 2007 and is headquartered in Bangalore. The company has been funded by top tier Venture Capital funds like Tiger Global, IndoUS, IDG and Accel Partners.
CONTACT DETAILS
Radhika Patel, Media Moments, +91 9980939039, radhika@mediamoments.in
Akshat Shrivastava, Media Moments, +91 8744004817, akshat@mediamoments.in
Brian Ammanna, Myntra.com, +91 9886101005, brian.a@myntra.com
KEYWORDS
CONSUMER, ENTERTAINMENT, FASHION, LIFESTYLE, PEOPLE, MARKETING, BUSINESS SERVICES, CLOTHING, IT, GROUPS, MEDIA, 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: Myntra.Com
Wednesday, June 27, 2012 05:29 PM IST (11:59 AM GMT)
Editors: General: Consumer interest, Entertainment, Fashion, Lifestyle, People; Business: Advertising, PR & marketing, Business services, Clothing & accessories, Information technology, Major diversified industrial groups, Media & entertainment, Retailers; Technology
--------------------------------------------------
Myntra Hosts its First Annual Brand Meet 2012 - 'Brick and Click of Fashion'
Bangalore, Karnataka, India, Wednesday, June 27, 2012 -- (Business Wire India) -- Myntra.com, in a first of its kind initiative, organised a Brand Meet aptly titled 'Brick and click of Fashion' on 22nd June 2012 at their campus in Bangalore.
Myntra's first Annual Brand Meet witnessed over 60 partner brands, with CEO/MD's of over 20 brands present along with VP's and Business Heads from rest of the brands coming together to discuss the basic essentials on Brand Partnerships and Offline & Online Retail. The keynote speaker at this event was Rajan Anandan, VP and MD, Google India.
Mukesh Bansal, CEO and Founder of Myntra.com kick started the 'Brand Meet' which brought together its strategic partners who believed in the online platform and worked with Myntra over the last 18 months.
Speaking at the opening session, Mr. Mukesh Bansal, Founder and CEO, Myntra.com said, "We are pleased to have hosted first brand summit among all eCommerce players. This was our way to thank our brand partners for the role they have played in Myntra's growth and share our future roadmap and vision with them. Brands universally applauded Myntra's commitment to the current season, full catalog model and healthy business practices. We will continue to strengthen our relationship with the leading brands that have helped us become the #1 player in Fashion category."
In an intriguing and insightful discussion, Mr. Bansal took the guests through Myntra's journey since 2010 and also shared future plans and projections of the leading Indian ecommerce retailer.
Myntra has the largest online catalogue of over 350 international and national brands currently available on its website and the ecommerce portal is home to more than 400,000 visitors daily. The company plans to reach $1 billion in revenues within the next 5 years and firmly cement its place as the largest online retailer in the fashion and lifestyle space.
Reciprocating Mr. Bansal's view on the tremendous potential of the e-commerce industry, Mr. Rajan Anandan, VP & MD, Google India said, "Globally, the e-commerce industry is expected to be worth 900 billion USD by the end of the year 2012. Compounded at the current growth rate, in the next decade the e-commerce industry is expected to be worth 3 trillion USD."
He also spoke about the rapid growth of e-commerce and technology in India. "E-commerce in India is at a tipping point. The number of search queries related to shopping has gone up 18 times" he said. Mr Anandan explained that there will be about 3.5 billion internet users in 2012 (45% of the entire world's population will be on the internet).
"Online apparel market will grow to $2 billion by 2015. Not having access to brands is definitely going to attract users to transact online. E- Commerce is just the beginning" says Mr. Anandan.
The first panel discussion focused on brand partnerships and the challenges faced in e-commerce. The panel included Rajiv Mehta (MD, Puma South Asia), Gaurav Dublish (Promoter & Director - Wildcraft), Chakor Jain (Business Head for LEE), Rajiv Bajaj (CEO, Fila India and South Asia) and Ganesh Subramanian (CMO, Myntra.com) moderated the discussion. This discussion focused on the 4 stages of partnership between Myntra and the brands, various collaborative marketing initiatives, forecasting demand, e-commerce strategies and understanding consumer trends. The key take away from the session was the pressing need to standardize body sizes across brands sold in the country.
This was followed by the second panel discussion which focussed on the best offline retail practices. This panel included Asif Merchant (MD, Catwalk worldwide), Sandeep Mukhim (CEO, Proline India Pvt Ltd), Abhishek Ganguly (Executive Director- Sales & Retail, South Asia Puma), Ashutosh Vaidya (Director Sales - SAARC Region, Luxottica India Ltd (Rayban)) and Moderator: Vikas Bagga (Enterprising Practitioner). This discussion focused on best offline retail practices that can be implemented in the online space. The panel also discussed about doing exclusive brand launches and first look's with Myntra.
Sharing his views on the event, Rajiv Mehta, MD, Puma, South Asia said, "A much needed event in order to showcase the talent and technological capabilities of India's e-com pioneer, thus fostering collaboration between brands and the company. The insightful presentation by Rajan along with the thought provoking panel discussions added a lot for the audience to take home."
Sandeep Mukhim, CEO, Proline India Ltd added, "The efforts put by Myntra team to organise the brand partner meet is laudable. It was a great platform to integrate the future plan of Myntra with their partners. We feel confident of Myntra's direction and the actions planned for the same."
The event concluded with a tour of Myntra's warehouse followed by a special fashion show put together using merchandise sold on Myntra.com
About Myntra.com:
Myntra.com is among the top e-commerce companies in India and is the largest online retailer of fashion and lifestyle products. Myntra has tied up with the best fashion and lifestyle brands in the country such as Nike, Puma, Adidas, Lee, Levis, Pepe, Flying Machine, Arrow, Jealous 21, Fabindia, Biba, Global Desi, UCB, US Polo, RayBan etc. to offer a wide range in latest branded fashion and lifestyle wear. With the largest in-season product catalogue, 100% authentic product, cash on delivery and favourable return policies, Myntra has become the preferred online shopping destination in India.
Myntra was started by a group of IIT/IIM graduates in 2007 and is headquartered in Bangalore. The company has been funded by top tier Venture Capital funds like Tiger Global, IndoUS, IDG and Accel Partners.
CONTACT DETAILS
Radhika Patel, Media Moments, +91 9980939039, radhika@mediamoments.in
Akshat Shrivastava, Media Moments, +91 8744004817, akshat@mediamoments.in
Brian Ammanna, Myntra.com, +91 9886101005, brian.a@myntra.com
KEYWORDS
CONSUMER, ENTERTAINMENT, FASHION, LIFESTYLE, PEOPLE, MARKETING, BUSINESS SERVICES, CLOTHING, IT, GROUPS, MEDIA, 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
BWI: ESPN STAR Sports and ESPN International Announce Agreement for ICC Events and Champions League Twenty20 for the Caribbean through 2015
Press release from Business Wire India
Source: ESPN STAR Sports
Wednesday, June 27, 2012 04:41 PM IST (11:11 AM GMT)
Editors: General: Consumer interest, Sports; Business: Business services, Media & entertainment, Sports
--------------------------------------------------
ESPN STAR Sports and ESPN International Announce Agreement for ICC Events and Champions League Twenty20 for the Caribbean through 2015
Agreement Includes 2015 ICC Cricket World Cup
New Delhi, Delhi, India, Wednesday, June 27, 2012 -- (Business Wire India) -- ESPN International has entered into a cricket distribution agreement for the Caribbean with ESPN STAR Sports (ESS) for International Cricket Council events and the Champions League Twenty20 through 2015, it was announced today by Bernard Stewart, vice president, ESPN Caribbean and Maritime Media.
The International Cricket Council (ICC) agreement is a four-year deal from 2012 to 2015 and covers several ICC events, including the global showpiece of the cricket calendar, the 2015 ICC Cricket World Cup in Australia and New Zealand. The distribution agreement covers terrestrial, cable, satellite and new media platform rights. ICC programming will be presented on two ESPN Caribbean television networks--ESPN Caribbean and ESPN 2 Caribbean-- and on ESPNPlay.com, the region's recently launched broadband network for live sports programming.
ESPN Caribbean's upcoming cricket coverage includes the ICC Under 19 Cricket World Cup in Tony Ireland Stadium, Townsville, Australia from August 10-25; the ICC World Twenty 20 in Sri Lanka from September 18-October 7; and the Champions League Twenty20 in October (location and exact dates to be announced).
List of ICC Events 2012-2015
The Champions League Twenty20 agreement extends ESPN's current three-year deal by three more years covering 2013-2015. The agreement covers all of ESPN Caribbean's media platforms including the two networks, ESPN Caribbean and ESPN 2 Caribbean, and ESPNPlay.com.
The Champions League Twenty20 brings the best club teams from top cricket playing nations, including the West Indies, Australia, England, New Zealand and South Africa, together in one of the major cricket competitions worldwide. Organizers have announced that Pakistan and other nations will be added this year.
The winner of the Caribbean Twenty20-to which ESPN Caribbean holds the rights through 2013-will represent the West Indies in the CLT20. Trinidad and Tobago, the 2011 representative, will return this year.
"We are delighted to again showcase talented cricketers from the West Indies who will play in the ICC World Twenty20 and the Champions League Twenty20 later this year, as well as the crown jewel of cricket - the ICC Cricket World Cup - in 2015," said Bernard Stewart, vice president, ESPN Caribbean and Maritime Media. "Cricket is essential to our programming in the West Indies and has a dynamic following there. This long-term agreement reinforces our commitment to providing world-class cricket to Caribbean fans."
"We have succeeded in securing some very significant long-term broadcast partnerships for the ICC events and we are very pleased to be working with ESPN to showcase an exciting calendar of ICC cricket events in this cricket market," said ESPN STAR Sports' Anurag Dahiya, Senior Vice President, Corporate Development & Cricket Rights. "This exciting partnership underscores our commitment to serving cricket fans in the Caribbean."
About ESPN STAR Sports
ESPN STAR Sports is a 50:50 joint venture between two of the world's leading cable and satellite broadcasters. As Asia's biggest sports content provider, ESPN STAR Sports combines the strengths and resources of its parent companies - Walt Disney (ESPN, Inc.) and News Corporation Limited (STAR) - to deliver a diverse array of international and regional sports to fans across multiple platforms.
ESPN STAR Sports features a comprehensive portfolio of multimedia assets including its television networks (ESPN, STAR Sports, STAR Cricket, ESPNEWS, ESPN HD, STAR Cricket HD), broadband network (ESPN Player), digital content services (espnstar.com, mobileESPN), and its on-ground Event Management Group with the aim to engage and entertain sports fans anytime, anyplace.
ESPN STAR Sports showcases an unparalleled variety of premier sports from around the globe featuring some of the most iconic sports events to viewers across 24 countries in Asia through its 25 television networks and 3 broadband networks, each localized to deliver differentiated programming to meet diverse needs of Asian sports fans.
ESPN Caribbean
ESPN Caribbean is part of ESPN International, a division of ESPN, Inc. ESPN International has grown to include ownership - in whole or in part - of 48 television networks outside of the United States, as well as a variety of brand extension businesses, which allow ESPN to reach fans in over 200 countries and territories. ESPN International business entities include television, radio, print, internet, broadband, wireless, consumer products, and event management.
ESPN Caribbean is home to important regional and international cricket matches. In addition to the International Cricket Council and the Champions League Twenty20 events, ESPN Caribbean presents the Caribbean Twenty20, the Caribbean Regional Super50 and Caribbean Regional 4-Day and holds the rights to one-hour highlight programs for every match during the West Indies International home tours.
To view the photograph, please click on the link given below:
Anurag Dahiya
For picture(s)/data to illustrate this release click below:
http://www.BusinessWireIndia.com/attachments/12(18).JPG
12(18).JPG
http://www.BusinessWireIndia.com/attachments/List(2).pdf
List(2).pdf
CONTACT DETAILS
Sameer Bajaj, Corporate Communications, ESPN Software India Pvt Ltd, +91 9811222700, sameerb@espnstar.co.in
Sukriti Kalra, IPAN Hill and Knowlton, +91 9910393262, skalra@ipanhillandknowlton.com
KEYWORDS
CONSUMER, SPORTS, BUSINESS SERVICES, 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.
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Source: ESPN STAR Sports
Wednesday, June 27, 2012 04:41 PM IST (11:11 AM GMT)
Editors: General: Consumer interest, Sports; Business: Business services, Media & entertainment, Sports
--------------------------------------------------
ESPN STAR Sports and ESPN International Announce Agreement for ICC Events and Champions League Twenty20 for the Caribbean through 2015
Agreement Includes 2015 ICC Cricket World Cup
New Delhi, Delhi, India, Wednesday, June 27, 2012 -- (Business Wire India) -- ESPN International has entered into a cricket distribution agreement for the Caribbean with ESPN STAR Sports (ESS) for International Cricket Council events and the Champions League Twenty20 through 2015, it was announced today by Bernard Stewart, vice president, ESPN Caribbean and Maritime Media.
The International Cricket Council (ICC) agreement is a four-year deal from 2012 to 2015 and covers several ICC events, including the global showpiece of the cricket calendar, the 2015 ICC Cricket World Cup in Australia and New Zealand. The distribution agreement covers terrestrial, cable, satellite and new media platform rights. ICC programming will be presented on two ESPN Caribbean television networks--ESPN Caribbean and ESPN 2 Caribbean-- and on ESPNPlay.com, the region's recently launched broadband network for live sports programming.
ESPN Caribbean's upcoming cricket coverage includes the ICC Under 19 Cricket World Cup in Tony Ireland Stadium, Townsville, Australia from August 10-25; the ICC World Twenty 20 in Sri Lanka from September 18-October 7; and the Champions League Twenty20 in October (location and exact dates to be announced).
List of ICC Events 2012-2015
The Champions League Twenty20 agreement extends ESPN's current three-year deal by three more years covering 2013-2015. The agreement covers all of ESPN Caribbean's media platforms including the two networks, ESPN Caribbean and ESPN 2 Caribbean, and ESPNPlay.com.
The Champions League Twenty20 brings the best club teams from top cricket playing nations, including the West Indies, Australia, England, New Zealand and South Africa, together in one of the major cricket competitions worldwide. Organizers have announced that Pakistan and other nations will be added this year.
The winner of the Caribbean Twenty20-to which ESPN Caribbean holds the rights through 2013-will represent the West Indies in the CLT20. Trinidad and Tobago, the 2011 representative, will return this year.
"We are delighted to again showcase talented cricketers from the West Indies who will play in the ICC World Twenty20 and the Champions League Twenty20 later this year, as well as the crown jewel of cricket - the ICC Cricket World Cup - in 2015," said Bernard Stewart, vice president, ESPN Caribbean and Maritime Media. "Cricket is essential to our programming in the West Indies and has a dynamic following there. This long-term agreement reinforces our commitment to providing world-class cricket to Caribbean fans."
"We have succeeded in securing some very significant long-term broadcast partnerships for the ICC events and we are very pleased to be working with ESPN to showcase an exciting calendar of ICC cricket events in this cricket market," said ESPN STAR Sports' Anurag Dahiya, Senior Vice President, Corporate Development & Cricket Rights. "This exciting partnership underscores our commitment to serving cricket fans in the Caribbean."
About ESPN STAR Sports
ESPN STAR Sports is a 50:50 joint venture between two of the world's leading cable and satellite broadcasters. As Asia's biggest sports content provider, ESPN STAR Sports combines the strengths and resources of its parent companies - Walt Disney (ESPN, Inc.) and News Corporation Limited (STAR) - to deliver a diverse array of international and regional sports to fans across multiple platforms.
ESPN STAR Sports features a comprehensive portfolio of multimedia assets including its television networks (ESPN, STAR Sports, STAR Cricket, ESPNEWS, ESPN HD, STAR Cricket HD), broadband network (ESPN Player), digital content services (espnstar.com, mobileESPN), and its on-ground Event Management Group with the aim to engage and entertain sports fans anytime, anyplace.
ESPN STAR Sports showcases an unparalleled variety of premier sports from around the globe featuring some of the most iconic sports events to viewers across 24 countries in Asia through its 25 television networks and 3 broadband networks, each localized to deliver differentiated programming to meet diverse needs of Asian sports fans.
ESPN Caribbean
ESPN Caribbean is part of ESPN International, a division of ESPN, Inc. ESPN International has grown to include ownership - in whole or in part - of 48 television networks outside of the United States, as well as a variety of brand extension businesses, which allow ESPN to reach fans in over 200 countries and territories. ESPN International business entities include television, radio, print, internet, broadband, wireless, consumer products, and event management.
ESPN Caribbean is home to important regional and international cricket matches. In addition to the International Cricket Council and the Champions League Twenty20 events, ESPN Caribbean presents the Caribbean Twenty20, the Caribbean Regional Super50 and Caribbean Regional 4-Day and holds the rights to one-hour highlight programs for every match during the West Indies International home tours.
To view the photograph, please click on the link given below:
Anurag Dahiya
For picture(s)/data to illustrate this release click below:
http://www.BusinessWireIndia.com/attachments/12(18).JPG
12(18).JPG
http://www.BusinessWireIndia.com/attachments/List(2).pdf
List(2).pdf
CONTACT DETAILS
Sameer Bajaj, Corporate Communications, ESPN Software India Pvt Ltd, +91 9811222700, sameerb@espnstar.co.in
Sukriti Kalra, IPAN Hill and Knowlton, +91 9910393262, skalra@ipanhillandknowlton.com
KEYWORDS
CONSUMER, SPORTS, BUSINESS SERVICES, 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
BWI: Max New York Life to be Named MAX LIFE INSURANCE
Press release from Business Wire India
Source: Max New York Life Insurance
Wednesday, June 27, 2012 04:21 PM IST (10:51 AM GMT)
Editors: General: Consumer interest, Economy, People; Business: Advertising, PR & marketing, Banking & financial services, Business services, Financial Analyst; Healthcare
--------------------------------------------------
Max New York Life to be Named MAX LIFE INSURANCE
26% stake transfer to Mitsui Sumitomo Insurance Co. Ltd. completed; Board Appoints Mr. Toshinara TOKOI, and Mr. Hideaki NOMURA as Max Life Insurance Directors
New Delhi, Delhi, India, Wednesday, June 27, 2012 -- (Business Wire India) -- Max New York Life Insurance, the largest non bank promoted private life insurer today announced the completion of 26% of its stake transfer to Mitsui Sumitomo Insurance Co. Ltd. a MS&AD Insurance Group Holdings. The transfer was made after obtaining the requisite approvals from Insurance Regulatory and Development Authority (IRDA), The Reserve Bank of India and Competition Commission of India earlier this month. The company will now be named MAX LIFE INSURANCE Co. Ltd. subject to regulatory approval. The new brand name further strengthens the trust and consumer confidence in the Max India brand.
The company also announced the appointment of Mr. Toshinara TOKOI, and Mr. Hideaki NOMURA into the Max Life Insurance Co. Ltd. Board Of Directors as representatives of Mitsui Sumitomo Insurance Co. Ltd. Mr. Toshinara TOKOI has more than 30 years' experience in insurance industry which encompasses expertise in the fields of planning, sales production, underwriting of marine insurance as well as governance and administration of international business operations. Mr. Hideaki NOMURA has 26 years' of experience in financial industries, including insurance, banking and investment banking. He has been instrumental in establishing Mitsui Sumitomo's presence in the Asian local insurance businesses.
The stake transfer successfully culminates the all cash transaction announced in May 2012 which resulted in MS&AD paying Rs. 2,731 crore (US$ 535 million) for 26% stake in Max New York Life, making it the 2nd largest foreign investment in the Indian Life Insurance sector. The transaction values Max Life at Rs. 10,504 crore (US$ 2.1 billion). The consideration offered by MS&AD reflects the strong confidence in Max New York Life and its superior performance, as demonstrated in 2011 when the company's standing rose from 7th to 4th position in the Indian Private Life Insurance league tables, gaining 247 basis points market share in a highly competitive space. Post transaction, Max India's majority stake of 70% has remained unchanged.
Speaking at the occasion, Mr Analjit Singh, Chairman, Max India Limited, said, "I am delighted to welcome Mr. Toshinari TOKOI, Assistant Director, Sumitomo Insurance Co. Ltd. and Mr. Hideaki NOMURA as the representative Directors from Mitsui Sumitomo Insurance on Max Life Insurance Board. For the next stage of Max Life Insurances growth and development, we view Mitsui Sumitomo as an ideal partner. I am confident that the rich experience, financial strength and risk management expertise of Mitsui Sumitomo Insurance, coupled with our inherent strengths of people and processes we have an even brighter growth journey in years to come."
According to Mr. Rahul Khosla, Managing Director, Max India Limited, "Max India has a vision of being the "Most admired corporate for service excellence" and Max Life insurance will be in the forefront of all our efforts in making our vision come true. Life insurance is the most profitable business in Max India's portfolio and forms about 80% of group revenue. We are committed to this business and will continue to nurture it."
Rajesh Sud, CEO & Managing Director, Max New York Life, said, "We are delighted that Board members of Max India and Max New York Life Insurance have approved the transition to the next phase of our growth in today's board meeting. From a consumer standpoint, the transition will be seamless and we remain strongly committed to our strategy of serving the long term savings and protection needs of our customers. Over the years we have built a financially strong and stable company based on solid foundations and are confident of a sustained profitable growth as we continue to differentiate in the market place basis our advice based sales, comprehensive product portfolio, diversified distribution model and a customer centric approach at every touch point."
Speaking on the occasion, Yasuyoshi Karasawa, President, Chief Executive Officer, Mitsui Sumitomo Insurance Co. Ltd., said "Max India is one of India's most admired companies with a well recognized brand and a deeply experienced management team. MNYL is the best possible life insurance company that we could have partnered with for our entry into the Indian Life Insurance space and we are excited about the growth possibilities given the demographic dividends and the domestic demand"
About Max New York Life ( www.maxnewyorklife.com)
Max New York Life Insurance Co. Ltd. is a joint venture between Max India Ltd., one of India's leading multi business corporations and New York Life Enterprises LLC, a subsidiary of New York Life, a Fortune 100 company. Max New York Life Insurance, incorporated in 2000, is the largest non-bank promoted private life insurance company in India. The company offers both individual and group life insurance solutions. It has established a multi-channel distribution network across India. Through its wide network of highly competent life insurance agent advisors & intermediaries and comprehensive product portfolio, Max New York Life is providing life insurance solutions for its core value of Long-term Savings and Protection.
About Max India ( www.maxindia.com)
Max India Group is a multi-business corporate, driven by the spirit of enterprise and focused on people and service oriented businesses. The Company is headquartered in New Delhi, India. Max India is in the 'Business of Life' with its vision to be one of India's most admired corporates for Service Excellence. It 'Protects Life' through its Life Insurance subsidiary Max New York Life; 'Cares for Life' through its Healthcare company, Max Healthcare, a joint venture between Max India and Life Healthcare, South Africa; 'Enhances Life' through its Health Insurance company, Max Bupa Health Insurance, a joint venture between Max India and Bupa Finance Plc., UK; and 'Improves Life' through its Clinical Research business, Max Neeman, a fully owned subsidiary of Max India Max India continues its interest in manufacture of Speciality Products for the packaging industry through its SBU Max Speciality Films. and recently entered Senior Living Business through its fully owned subsidiary, Antara.
For the Financial Year 2011-12, Max India Group recorded a consolidated turnover of over Rs. 8,560 crore. The Group's businesses have built commanding presence in their respective sector through a total customer base of more than 5 million, over 500 offices spread across India and a people strength of 57,000 as on 31st March 2012.
The flagship company Max India Limited is a widely held public limited company and is listed on the BSE and the NSE. The company is led by Analjit Singh who holds 37% stake and has as its shareholders some of world's best Institutional Investors such as Goldman Sachs, Fidelity, IFC, First State and Temasek.
About Mitsui Sumitomo Insurance
Mitsui Sumitomo Insurance Co., Ltd. (MSI) is a member of MS&AD Insurance Group headquartered in Tokyo, Japan. MSI was formed in October 2001 through a merger between the former Mitsui Marine & Fire Insurance Co., Ltd.("Mitsui Marine") and the former The Sumitomo Marine & Fire Insurance Co., Ltd. ("Sumitomo Marine"). Both Mitsui Marine and Sumitomo Marine were leading general insurance companies boasting long history since 1918 and 1893, respectively.
Having a history of 120 years in general insurance business, today, MSI has developed an overseas network of about 400 bases in 40 countries and regions globally, mainly in high-growth areas within Asia. With more than 50 years of experience in operating outside Japan, MSI aims to supply products and services tailored to various risks around the world.
In addition to general insurance business, MSI has strong experience and an extensive track record in the area of Life Insurance through its domestic subsidiaries, Mitsui Sumitomo Aioi Life and Mitsui Sumitomo Primary Life, both of which are currently owned by the group's holding company MS&AD Insurance Group Holdings, Inc. MSI also has a presence in Life Insurance markets of Thailand, China, Malaysia and Indonesia.
In India, MSI has been operating its general insurance business through its joint venture "Cholamandalam MS General Insurance Company Limited" since 2003.
CONTACT DETAILS
Chumki Sen, Max New York Life Insurance, +91 9811854303, Chumki.Sen@maxnewyorklife.com
KEYWORDS
CONSUMER, ECONOMY, PEOPLE, MARKETING, BANKING, BUSINESS SERVICES, Financial Analyst, HEALTHCARE
If you wish to change your Business Wire India selection please click on this link http://www.businesswireindia.com/media/news.asp and use your personal username and password to login.
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Source: Max New York Life Insurance
Wednesday, June 27, 2012 04:21 PM IST (10:51 AM GMT)
Editors: General: Consumer interest, Economy, People; Business: Advertising, PR & marketing, Banking & financial services, Business services, Financial Analyst; Healthcare
--------------------------------------------------
Max New York Life to be Named MAX LIFE INSURANCE
26% stake transfer to Mitsui Sumitomo Insurance Co. Ltd. completed; Board Appoints Mr. Toshinara TOKOI, and Mr. Hideaki NOMURA as Max Life Insurance Directors
New Delhi, Delhi, India, Wednesday, June 27, 2012 -- (Business Wire India) -- Max New York Life Insurance, the largest non bank promoted private life insurer today announced the completion of 26% of its stake transfer to Mitsui Sumitomo Insurance Co. Ltd. a MS&AD Insurance Group Holdings. The transfer was made after obtaining the requisite approvals from Insurance Regulatory and Development Authority (IRDA), The Reserve Bank of India and Competition Commission of India earlier this month. The company will now be named MAX LIFE INSURANCE Co. Ltd. subject to regulatory approval. The new brand name further strengthens the trust and consumer confidence in the Max India brand.
The company also announced the appointment of Mr. Toshinara TOKOI, and Mr. Hideaki NOMURA into the Max Life Insurance Co. Ltd. Board Of Directors as representatives of Mitsui Sumitomo Insurance Co. Ltd. Mr. Toshinara TOKOI has more than 30 years' experience in insurance industry which encompasses expertise in the fields of planning, sales production, underwriting of marine insurance as well as governance and administration of international business operations. Mr. Hideaki NOMURA has 26 years' of experience in financial industries, including insurance, banking and investment banking. He has been instrumental in establishing Mitsui Sumitomo's presence in the Asian local insurance businesses.
The stake transfer successfully culminates the all cash transaction announced in May 2012 which resulted in MS&AD paying Rs. 2,731 crore (US$ 535 million) for 26% stake in Max New York Life, making it the 2nd largest foreign investment in the Indian Life Insurance sector. The transaction values Max Life at Rs. 10,504 crore (US$ 2.1 billion). The consideration offered by MS&AD reflects the strong confidence in Max New York Life and its superior performance, as demonstrated in 2011 when the company's standing rose from 7th to 4th position in the Indian Private Life Insurance league tables, gaining 247 basis points market share in a highly competitive space. Post transaction, Max India's majority stake of 70% has remained unchanged.
Speaking at the occasion, Mr Analjit Singh, Chairman, Max India Limited, said, "I am delighted to welcome Mr. Toshinari TOKOI, Assistant Director, Sumitomo Insurance Co. Ltd. and Mr. Hideaki NOMURA as the representative Directors from Mitsui Sumitomo Insurance on Max Life Insurance Board. For the next stage of Max Life Insurances growth and development, we view Mitsui Sumitomo as an ideal partner. I am confident that the rich experience, financial strength and risk management expertise of Mitsui Sumitomo Insurance, coupled with our inherent strengths of people and processes we have an even brighter growth journey in years to come."
According to Mr. Rahul Khosla, Managing Director, Max India Limited, "Max India has a vision of being the "Most admired corporate for service excellence" and Max Life insurance will be in the forefront of all our efforts in making our vision come true. Life insurance is the most profitable business in Max India's portfolio and forms about 80% of group revenue. We are committed to this business and will continue to nurture it."
Rajesh Sud, CEO & Managing Director, Max New York Life, said, "We are delighted that Board members of Max India and Max New York Life Insurance have approved the transition to the next phase of our growth in today's board meeting. From a consumer standpoint, the transition will be seamless and we remain strongly committed to our strategy of serving the long term savings and protection needs of our customers. Over the years we have built a financially strong and stable company based on solid foundations and are confident of a sustained profitable growth as we continue to differentiate in the market place basis our advice based sales, comprehensive product portfolio, diversified distribution model and a customer centric approach at every touch point."
Speaking on the occasion, Yasuyoshi Karasawa, President, Chief Executive Officer, Mitsui Sumitomo Insurance Co. Ltd., said "Max India is one of India's most admired companies with a well recognized brand and a deeply experienced management team. MNYL is the best possible life insurance company that we could have partnered with for our entry into the Indian Life Insurance space and we are excited about the growth possibilities given the demographic dividends and the domestic demand"
About Max New York Life ( www.maxnewyorklife.com)
Max New York Life Insurance Co. Ltd. is a joint venture between Max India Ltd., one of India's leading multi business corporations and New York Life Enterprises LLC, a subsidiary of New York Life, a Fortune 100 company. Max New York Life Insurance, incorporated in 2000, is the largest non-bank promoted private life insurance company in India. The company offers both individual and group life insurance solutions. It has established a multi-channel distribution network across India. Through its wide network of highly competent life insurance agent advisors & intermediaries and comprehensive product portfolio, Max New York Life is providing life insurance solutions for its core value of Long-term Savings and Protection.
About Max India ( www.maxindia.com)
Max India Group is a multi-business corporate, driven by the spirit of enterprise and focused on people and service oriented businesses. The Company is headquartered in New Delhi, India. Max India is in the 'Business of Life' with its vision to be one of India's most admired corporates for Service Excellence. It 'Protects Life' through its Life Insurance subsidiary Max New York Life; 'Cares for Life' through its Healthcare company, Max Healthcare, a joint venture between Max India and Life Healthcare, South Africa; 'Enhances Life' through its Health Insurance company, Max Bupa Health Insurance, a joint venture between Max India and Bupa Finance Plc., UK; and 'Improves Life' through its Clinical Research business, Max Neeman, a fully owned subsidiary of Max India Max India continues its interest in manufacture of Speciality Products for the packaging industry through its SBU Max Speciality Films. and recently entered Senior Living Business through its fully owned subsidiary, Antara.
For the Financial Year 2011-12, Max India Group recorded a consolidated turnover of over Rs. 8,560 crore. The Group's businesses have built commanding presence in their respective sector through a total customer base of more than 5 million, over 500 offices spread across India and a people strength of 57,000 as on 31st March 2012.
The flagship company Max India Limited is a widely held public limited company and is listed on the BSE and the NSE. The company is led by Analjit Singh who holds 37% stake and has as its shareholders some of world's best Institutional Investors such as Goldman Sachs, Fidelity, IFC, First State and Temasek.
About Mitsui Sumitomo Insurance
Mitsui Sumitomo Insurance Co., Ltd. (MSI) is a member of MS&AD Insurance Group headquartered in Tokyo, Japan. MSI was formed in October 2001 through a merger between the former Mitsui Marine & Fire Insurance Co., Ltd.("Mitsui Marine") and the former The Sumitomo Marine & Fire Insurance Co., Ltd. ("Sumitomo Marine"). Both Mitsui Marine and Sumitomo Marine were leading general insurance companies boasting long history since 1918 and 1893, respectively.
Having a history of 120 years in general insurance business, today, MSI has developed an overseas network of about 400 bases in 40 countries and regions globally, mainly in high-growth areas within Asia. With more than 50 years of experience in operating outside Japan, MSI aims to supply products and services tailored to various risks around the world.
In addition to general insurance business, MSI has strong experience and an extensive track record in the area of Life Insurance through its domestic subsidiaries, Mitsui Sumitomo Aioi Life and Mitsui Sumitomo Primary Life, both of which are currently owned by the group's holding company MS&AD Insurance Group Holdings, Inc. MSI also has a presence in Life Insurance markets of Thailand, China, Malaysia and Indonesia.
In India, MSI has been operating its general insurance business through its joint venture "Cholamandalam MS General Insurance Company Limited" since 2003.
CONTACT DETAILS
Chumki Sen, Max New York Life Insurance, +91 9811854303, Chumki.Sen@maxnewyorklife.com
KEYWORDS
CONSUMER, ECONOMY, PEOPLE, MARKETING, BANKING, BUSINESS SERVICES, Financial Analyst, HEALTHCARE
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