Press release from Business Wire India
Source: RED Express
Wednesday, July 31, 2013 05:38 PM IST (12:08 PM GMT)
Editors: General: Consumer interest, Entertainment, People; Business: Advertising, PR & marketing, Business services, Information technology, Media & entertainment; Technology
--------------------------------------------------
RED Express Promotes Business through Social Media
New Delhi, Delhi, India, Wednesday, July 31, 2013 -- (Business Wire India) -- "RED Express is sharing, celebrating and running a lot of promotions on its different social media channels"
RED Express believes in modernizing the techniques and giving transparency at every step. RED Express believes in providing an open and honest environment to its employees and customers. RED Express has a workplace with a high morale and motivation that empowers its employees to give their 100% in the service.
As the whole world has become a global village with the help of these social media platforms, everything is just a click away and it has inspired RED Express a lot. RED Express gives a lot of importance to all these platforms and uses them extensively as information tools and to promote its services and offers.
A lot of videos are made related to our business. Videos related to delivery, booking and network are made. All these videos are put on our YouTube channel, to be shared with all the employees and customers. It enables everyone to learn from them. RED Express has a full team dedicated for making these videos, to provide an amazing experience.
RED Express animation team also makes many animated videos on RED Express own characters with a message in it. Videos on online booking, tracking, summer promotion, gifts distribution have also been uploaded. This shows our total transparent culture and our modern approach towards everything.
Facebook is also an important media for promotions; as it appeals the mass. RED Express also does a lot of promotions on Facebook. All the information related to our services, newly launched locations, new offers and promotions is uploaded on RED Express Facebook Page. We run regular promotions for the liker's also i.e. 800th liker,900th liker and so on.
RED Express uses other social media platforms also such as LinkedIn, Twitter, Google Plus, and Pinterest. We post regularly on these platforms. RED Express doesn't want to leave any stone unturned and want to reach each and every customer through these platforms.
Promotions: RED Express is coming up with a special offer on the occasion of Independence Day. All the shipments booked on 14th August, 2013 will be delivered free of cost.
Our Network: RED Express is currently operational and serviceable from the following locations:
Mahipalpur, Uttam Nagar, Wazirpur, Rani Jhansi Road, Okhla, Laxmi Nagar, Faridabad, Noida, Gurgaon, Moradabad, Jaipur, Haridwar, Ambala, Chandigarh, Ludhiana, Bahalgarh, Sonipat, Ghaziabad, Zirakpur/Mohali, Manesar, Agra, Dehradun, Lucknow, Amritsar, Jalandhar, Kanpur, Patiala ,Varanasi, Meerut, Ajmer, Kota , Jodhpur, Allahabad, Indore, Bhopal, Karnal, Panipat and Bareilly.
About RED Express (www.getsetred.net):
RED Express is a Door to Door Domestic Express Parcel Service provider. RED stands for Real-Time Express Distribution. It shares business information through a highly efficient Web Based Integrated Information Technology Platform. It has Flexible and "As Promised" Pick-up and Delivery timings along with an array of a lot of other optional Value Added Services as well.
Toll Free: 1800 123 2400
CONTACT DETAILS
Nidhi Rana, RED Express, +91 (124) 7124087, marketing@getsetred.net
KEYWORDS
CONSUMER, ENTERTAINMENT, PEOPLE, MARKETING, BUSINESS SERVICES, IT, MEDIA, TECHNOLOGY
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Wednesday, July 31, 2013
BWI: Gujarat Based Sarjan Watertech Launches Q-Tec - Water Purification Components for Indian Manufacturers
Press release from Business Wire India
Source: Sarjan Watertech India Pvt. Ltd. - Q-Tec
Wednesday, July 31, 2013 05:19 PM IST (11:49 AM GMT)
Editors: General: Consumer interest, Entertainment, Food & drink, People; Business: Business services, Media & entertainment; Technology
--------------------------------------------------
Gujarat Based Sarjan Watertech Launches Q-Tec - Water Purification Components for Indian Manufacturers
Ahmedabad, Gujarat, India, Wednesday, July 31, 2013 -- (Business Wire India) -- Ahmedabad Gujarat based Sarjan Watertech India Pvt. Ltd, pioneer in manufacturing Water Purification Systems have launched Q-Tec brand of components for residential as well as industrial purposes. Q-Tec components are excellent products for the water purification system manufacturers and traders due to best quality, latest technology, complete reliability and optimum functionality coming together and delivering best results.
Sarjan Watertech India Pvt. Ltd, India's largest, end-to-end, water purification and filtration company proudly announces the launch of Q -Tec brand of water purification components for residential as well as industrial purposes. For the first time in India, offering all water components under one brand Q-Tec.
"Our extensive range of products stand for attributes like quality, reliability, durability, cost-effectiveness, innovation and state-of-the-art technology, virtues that we as an organization, completely stand by. With this any water purification system manufacturer can avail most reliable components at reasonable price. It's almost like a one stop shop for essential and critical water purification components, in India. The manufacturers and system integrators for long were looking for assured quality under one roof. And Q-Tec fills that need," says CMD Sunil Trivedi.
States Himanshu Patel Director Operations, "Presently, the manufacturers are not assured of quality components. Most of the components suppliers are traders having no capability for in-house testing, QC and after sales service. Very often they just import and sell them. Q-Tec water purification components bring a balance between advanced technology and real price. Each Q-Tec component, industrial or residential, is completely guaranteed for best quality, latest technology, reliability and optimum functionality coming together and delivering best results."
"At Sarjan, this purity of INTENTION and ACTION is backed by high-end technology and continuous research. We strive to bring to Indian market products that have demand and strive to create new benchmarks. A classic example of the same is our dealer strength, which doubles every year. The B2B segment is more than merrier in dealing with Sarjan. Moreover, there are number of companies which outsource their complete product from us and market under their brand since years. This is purely because of our commitment towards quality,"adds Sunil.
"Our trade representatives are very happy too. They get assured quality at a reasonable price and sell the components with greater confidence. Earlier they feared loss and were quite apprehensive to deal with any new client. Today Q-Tec brand gives them stress free business expansion opportunity. Traders have doubled since its launch and we plan to cover PAN India by 2013 end," says Himanshu .
Q-Tec Residential Components comprises of Filters, Filter housings, Membranes, Membrane pressure vessels, Pumps, Fittings, Tubings, other components & accessories whereas Q-Tec Industrial Components comprises of Filters, Filter housings, multiport vale (manual & automatic,) Membranes, Membrane pressure vessels, Rota meters, Pumps and other accessories.
About Sarjan Watertech India Pvt. Ltd.
Founded in 2003 by its prolific Managing Director Sunil Trivedi, Sarjan has harnessed a profound understanding of purification processes and technologies to produce the highest quality water purification systems as well as components.
It is today the largest end-to-end water purification and filtration company serving almost the entire strata of consumers, be it industrial, commercial and personal users. It owns three major brands: QTec Component Systems; Primo Industrial Water Systems and Purella Domestic Water Purifiers.
Sarjan is also the single largest OEM suppliers to quite a few major brands of India.
Web Site: www.qtec.co.in; www.sarjanindia.com
CONTACT DETAILS
Sunil Trivedi, Sarjan Watertech India Pvt. Ltd., sunil@sarjanindia.com
KEYWORDS
CONSUMER, ENTERTAINMENT, FOOD, PEOPLE, BUSINESS SERVICES, 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: Sarjan Watertech India Pvt. Ltd. - Q-Tec
Wednesday, July 31, 2013 05:19 PM IST (11:49 AM GMT)
Editors: General: Consumer interest, Entertainment, Food & drink, People; Business: Business services, Media & entertainment; Technology
--------------------------------------------------
Gujarat Based Sarjan Watertech Launches Q-Tec - Water Purification Components for Indian Manufacturers
Ahmedabad, Gujarat, India, Wednesday, July 31, 2013 -- (Business Wire India) -- Ahmedabad Gujarat based Sarjan Watertech India Pvt. Ltd, pioneer in manufacturing Water Purification Systems have launched Q-Tec brand of components for residential as well as industrial purposes. Q-Tec components are excellent products for the water purification system manufacturers and traders due to best quality, latest technology, complete reliability and optimum functionality coming together and delivering best results.
Sarjan Watertech India Pvt. Ltd, India's largest, end-to-end, water purification and filtration company proudly announces the launch of Q -Tec brand of water purification components for residential as well as industrial purposes. For the first time in India, offering all water components under one brand Q-Tec.
"Our extensive range of products stand for attributes like quality, reliability, durability, cost-effectiveness, innovation and state-of-the-art technology, virtues that we as an organization, completely stand by. With this any water purification system manufacturer can avail most reliable components at reasonable price. It's almost like a one stop shop for essential and critical water purification components, in India. The manufacturers and system integrators for long were looking for assured quality under one roof. And Q-Tec fills that need," says CMD Sunil Trivedi.
States Himanshu Patel Director Operations, "Presently, the manufacturers are not assured of quality components. Most of the components suppliers are traders having no capability for in-house testing, QC and after sales service. Very often they just import and sell them. Q-Tec water purification components bring a balance between advanced technology and real price. Each Q-Tec component, industrial or residential, is completely guaranteed for best quality, latest technology, reliability and optimum functionality coming together and delivering best results."
"At Sarjan, this purity of INTENTION and ACTION is backed by high-end technology and continuous research. We strive to bring to Indian market products that have demand and strive to create new benchmarks. A classic example of the same is our dealer strength, which doubles every year. The B2B segment is more than merrier in dealing with Sarjan. Moreover, there are number of companies which outsource their complete product from us and market under their brand since years. This is purely because of our commitment towards quality,"adds Sunil.
"Our trade representatives are very happy too. They get assured quality at a reasonable price and sell the components with greater confidence. Earlier they feared loss and were quite apprehensive to deal with any new client. Today Q-Tec brand gives them stress free business expansion opportunity. Traders have doubled since its launch and we plan to cover PAN India by 2013 end," says Himanshu .
Q-Tec Residential Components comprises of Filters, Filter housings, Membranes, Membrane pressure vessels, Pumps, Fittings, Tubings, other components & accessories whereas Q-Tec Industrial Components comprises of Filters, Filter housings, multiport vale (manual & automatic,) Membranes, Membrane pressure vessels, Rota meters, Pumps and other accessories.
About Sarjan Watertech India Pvt. Ltd.
Founded in 2003 by its prolific Managing Director Sunil Trivedi, Sarjan has harnessed a profound understanding of purification processes and technologies to produce the highest quality water purification systems as well as components.
It is today the largest end-to-end water purification and filtration company serving almost the entire strata of consumers, be it industrial, commercial and personal users. It owns three major brands: QTec Component Systems; Primo Industrial Water Systems and Purella Domestic Water Purifiers.
Sarjan is also the single largest OEM suppliers to quite a few major brands of India.
Web Site: www.qtec.co.in; www.sarjanindia.com
CONTACT DETAILS
Sunil Trivedi, Sarjan Watertech India Pvt. Ltd., sunil@sarjanindia.com
KEYWORDS
CONSUMER, ENTERTAINMENT, FOOD, PEOPLE, BUSINESS SERVICES, 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: Homestead Collaborates with IBM to Help Drive Global Expansion Strategy
Press release from Business Wire India
Source: IBM India Limited
Wednesday, July 31, 2013 04:15 PM IST (10:45 AM GMT)
Editors: General: Economy; Business: Accounting & management consultancy services, Advertising, PR & marketing, Banking & financial services, Business services, Hospitality, Real estate
--------------------------------------------------
Homestead Collaborates with IBM to Help Drive Global Expansion Strategy
Mumbai, Maharashtra and Bengaluru, Karnataka, India, Wednesday, July 31, 2013 -- (Business Wire India) -- IBM to provide consulting and technology solutions to increase efficiency and productivity to company's worldwide operations
IBM (NYSE: IBM) today announced that Homestead India, a pioneer in Boutique Branded residences in India, has collaborated with IBM as a strategic partner for the company's business transformation program.
As part of the 5-year engagement, IBM will provide comprehensive consulting services to Homestead and its affiliated companies, and will also manage its technology application development and maintenance requirements. The goal of these efforts is to help Homestead expand its presence globally by bringing more efficiency to its worldwide operations and enhancing the productivity of its IT applications.
In this collaboration, IBM will help Homestead in optimizing its operating costs and resources, while also enabling the company's Strategic Initiatives team to focus more on its transformational capabilities and move beyond everyday transaction management. IBM will also help Homestead streamline its IT operations and improve its level of service to the business. During this engagement, IBM will provide Homestead with full-scope application management services, along with seamless IT support for its operations globally.
"We have extended our relationship with IBM into a full-fledged strategic partnership, for its ability to provide differentiated services and deliver tangible results. Homestead is a fast growing enterprise and requires an agile technology set-up to support its growth and make the company future-ready," said Manoj Shrivastava, COO, Homestead Infrastructure Development Pvt Ltd. "IBM's strong value proposition enables us to meet the complex business requirements of our rapid global expansion plans."
Homestead was looking for a long term strategic partner who not only had the technology expertise but could also provide consulting services to create business value enabled by information technology. The company was also planning to strategically outsource the entire application development and maintenance requirements to support its ambitious growth. Homestead decided on IBM Global Business Services as the partner-of-choice for this critical engagement due to its global expertise, proven track record, and strong commitment to success. IBM's deep technical capabilities, combined with its business know-how and experience in supporting organizations through rapid expansion, were key factors in the decision to select the company as a strategic partner.
"We are excited about the Homestead engagement and consider this as a great opportunity to work with a client who aspires to create a new benchmark for the real estate industry. IBM believes in fostering strong partnerships with its customers and providing them with maximum value for their investments", said Jeby Cherian, Vice President and Managing Partner, Global Business Services, IBM India/South Asia. "We look forward to a very rewarding partnership with Homestead in helping them to continue their strong growth, both domestic and abroad."
With presence in India, Singapore, Saudi Arabia, Sri Lanka & Bangladesh, Homestead has a vision to create valuable ideas through human architecture which will act as a market differentiator for the company and create a new benchmark for the real estate industry.
About Homestead Infrastructure Development Pvt Limited
For more information on Homestead Ltd., please visit www.homestead-india.com
About IBM
For more information on IBM, please visit www.ibm.com/in
CONTACT DETAILS
Kiran Kumar Yellupula, Corporate Communications, IBM India Limited, +91 22 40589176, Mobile: +91 9769541122,, kiran.kumar@in.ibm.com
Anyesha Das, Vox Public Relations, +91 8884289536, anyesha.das@voxpr.co.in
KEYWORDS
ECONOMY, CONSULTANCY SERVICES, MARKETING, BANKING, BUSINESS SERVICES, HOSPITALITY, 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: IBM India Limited
Wednesday, July 31, 2013 04:15 PM IST (10:45 AM GMT)
Editors: General: Economy; Business: Accounting & management consultancy services, Advertising, PR & marketing, Banking & financial services, Business services, Hospitality, Real estate
--------------------------------------------------
Homestead Collaborates with IBM to Help Drive Global Expansion Strategy
Mumbai, Maharashtra and Bengaluru, Karnataka, India, Wednesday, July 31, 2013 -- (Business Wire India) -- IBM to provide consulting and technology solutions to increase efficiency and productivity to company's worldwide operations
IBM (NYSE: IBM) today announced that Homestead India, a pioneer in Boutique Branded residences in India, has collaborated with IBM as a strategic partner for the company's business transformation program.
As part of the 5-year engagement, IBM will provide comprehensive consulting services to Homestead and its affiliated companies, and will also manage its technology application development and maintenance requirements. The goal of these efforts is to help Homestead expand its presence globally by bringing more efficiency to its worldwide operations and enhancing the productivity of its IT applications.
In this collaboration, IBM will help Homestead in optimizing its operating costs and resources, while also enabling the company's Strategic Initiatives team to focus more on its transformational capabilities and move beyond everyday transaction management. IBM will also help Homestead streamline its IT operations and improve its level of service to the business. During this engagement, IBM will provide Homestead with full-scope application management services, along with seamless IT support for its operations globally.
"We have extended our relationship with IBM into a full-fledged strategic partnership, for its ability to provide differentiated services and deliver tangible results. Homestead is a fast growing enterprise and requires an agile technology set-up to support its growth and make the company future-ready," said Manoj Shrivastava, COO, Homestead Infrastructure Development Pvt Ltd. "IBM's strong value proposition enables us to meet the complex business requirements of our rapid global expansion plans."
Homestead was looking for a long term strategic partner who not only had the technology expertise but could also provide consulting services to create business value enabled by information technology. The company was also planning to strategically outsource the entire application development and maintenance requirements to support its ambitious growth. Homestead decided on IBM Global Business Services as the partner-of-choice for this critical engagement due to its global expertise, proven track record, and strong commitment to success. IBM's deep technical capabilities, combined with its business know-how and experience in supporting organizations through rapid expansion, were key factors in the decision to select the company as a strategic partner.
"We are excited about the Homestead engagement and consider this as a great opportunity to work with a client who aspires to create a new benchmark for the real estate industry. IBM believes in fostering strong partnerships with its customers and providing them with maximum value for their investments", said Jeby Cherian, Vice President and Managing Partner, Global Business Services, IBM India/South Asia. "We look forward to a very rewarding partnership with Homestead in helping them to continue their strong growth, both domestic and abroad."
With presence in India, Singapore, Saudi Arabia, Sri Lanka & Bangladesh, Homestead has a vision to create valuable ideas through human architecture which will act as a market differentiator for the company and create a new benchmark for the real estate industry.
About Homestead Infrastructure Development Pvt Limited
For more information on Homestead Ltd., please visit www.homestead-india.com
About IBM
For more information on IBM, please visit www.ibm.com/in
CONTACT DETAILS
Kiran Kumar Yellupula, Corporate Communications, IBM India Limited, +91 22 40589176, Mobile: +91 9769541122,, kiran.kumar@in.ibm.com
Anyesha Das, Vox Public Relations, +91 8884289536, anyesha.das@voxpr.co.in
KEYWORDS
ECONOMY, CONSULTANCY SERVICES, MARKETING, BANKING, BUSINESS SERVICES, HOSPITALITY, 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: Panasonic Enhances its User Experience with WeChat
Press release from Business Wire India
Source: Panasonic - WeChat
Wednesday, July 31, 2013 04:07 PM IST (10:37 AM GMT)
Editors: General: Consumer interest, Entertainment, Lifestyle, People; Business: Advertising, PR & marketing, Business services, Electronic appliances & components, Media & entertainment, Telecommunications; Technology
--------------------------------------------------
Panasonic Enhances its User Experience with WeChat
Mobile social communication application, WeChat, will now be available on the Panasonic smartphones
New Delhi, Delhi, India, Wednesday, July 31, 2013 -- (Business Wire India) -- Committed to provide enhanced user experience to its smartphone customers,Panasonic, the world's leading electronics manufacturer, today announced its collaboration with WeChat, the world's leading mobile social application, for its upcoming smartphone products. As a result of this initiative, all the upcoming Panasonic smartphones will have the WeChat application preloaded.
Panasonic has also opened an "Official Account" on WeChat called "Panasonic Smart". "Official Accounts" is a special feature of WeChat, that can be utilized by companies and merchants alike to build interactivity with their fans in a new and innovative way - through which Panasonic Smartphone users can stay connected on WeChat and stay tuned to latest Panasonic updates. Consumers can share their views & queries related to their Panasonic smartphones through text, voice or video messages; consequently enhancing the overall customer experience.
WeChat is a leading global mobile social communication application with 70 million international registered user accounts. With a bundle of innovative features like 'Voice Messaging', WeChat is re-defining the way people communicate with each other. WeChat is the first application in communication space which enables users to send voice messages at the touch of a button. 'Moments' is another key differentiating feature of WeChat where users can post image or text and share with their selected friends in a secure way.
Talking about the association Mr. Manish Sharma - Managing Director, Panasonic India said, "Indian mobile phone market and we are committed to continually enhance the user experience on all Panasonic phones. Social networking and messaging apps, which continue to grow in popularity, are the best ways to provide our customers with an enhanced user experience. We are excited about our collaboration with WeChat and look forward to working closely with WeChat to bring even more innovative features to our customers across all our phones."
Mr. Dennis Hau- Head of International Product Center at Tencent, the company behind the WeChat app said "We are glad to partner with Panasonic India especially because of the great legacy that Panasonic has. At WeChat, it has always been our endeavour to bring our innovative features such as WeChat Official Accounts to connect users closer to what they are interested in. With the new initiative with Panasonic, WeChat is being brought closer to one of the leading brands globally. We believe that joining hands with Panasonic will further boost the strong consumer connect that users can enjoy in India."
About the new Panasonic P51
The Panasonic P51 is a premium AndroidTM smartphone with sleek design and brings HD experience to a 5 inch screen with a resolution of 1280x720 pixels. Powered by a Quad Core1.2GHz processor and running on AndroidTM 4.2 (Jelly Bean), the P51 comes with a magnetic flip-cover stylus offering comfort and convenience to the consumer. This Wi-Fi enabled device also sports an 8MP camera (auto focus with flash) and a 1.3Mpxl 720p HD front camera making it an ideal phone. With WeChat preloaded, users of P51 will be able to connect to their friends and people they care about anytime and anywhere. The Smartphone is priced at Rs. 19,990.
About Panasonic India
Panasonic makes available in India its wide range of consumer electronics, home appliances like LCD & Plasma TVs, DVD players, Home Theatre Systems, Cameras, Camcorders, Car Audio Systems, Air Conditioners, Washing Machines, Refrigerators, Microwave Ovens, Automatic Cookers, Vacuum Cleaners and a wide range of system products including communication ones like Phones, High Definition Videoconferencing, Professional Audio Video products like Broadcast Cameras, Projectors and Displays, Business Solutions including Printers, Whiteboards and Security Solutions. The company currently has a workforce of about 12,500 in India. For more information on the company and the Panasonic brand in India, please visit http://panasonic.co.in.
About WeChat
WeChat is an innovative mobile social communications application designed for smartphone users. WeChat is free for downloads from app stores running on iOS, Android, Symbian, BlackBerry, Windows Phone and Symbian operating systems*.
WeChat users can add friends by a wide range of innovative actions and methods, including scanning QR codes, connecting users‟ Facebook profiles and phone books and activating location-based functions such as "Look Around" and "Shake". This application enhances social interaction by supporting exchanges of text, voice and video, emoticons, and photos with their friends over data networks. Users can choose to communicate on one-on-one, or within their closed social network through "Moments".
For more information and application download, please visit www.wechat.com
*Some features may not be available for certain operating systems due to the product development cycle
CONTACT DETAILS
Richa Sethi, Panasonic India, +91 9560498765, richa.sethi@in.panasonic.com
Nitin Shukla, Genesis Burson-Marsteller for WeChat, +91 9873985197, nitin.shukla@bm.com
KEYWORDS
CONSUMER, ENTERTAINMENT, LIFESTYLE, PEOPLE, MARKETING, BUSINESS SERVICES, ELECTRONICS, MEDIA, TELECOMMUNICATIONS, TECHNOLOGY
If you wish to change your Business Wire India selection please click on this link http://www.businesswireindia.com/media/news.asp and use your personal username and password to login.
Submit your press release at http://www.businesswireindia.com
Source: Panasonic - WeChat
Wednesday, July 31, 2013 04:07 PM IST (10:37 AM GMT)
Editors: General: Consumer interest, Entertainment, Lifestyle, People; Business: Advertising, PR & marketing, Business services, Electronic appliances & components, Media & entertainment, Telecommunications; Technology
--------------------------------------------------
Panasonic Enhances its User Experience with WeChat
Mobile social communication application, WeChat, will now be available on the Panasonic smartphones
New Delhi, Delhi, India, Wednesday, July 31, 2013 -- (Business Wire India) -- Committed to provide enhanced user experience to its smartphone customers,Panasonic, the world's leading electronics manufacturer, today announced its collaboration with WeChat, the world's leading mobile social application, for its upcoming smartphone products. As a result of this initiative, all the upcoming Panasonic smartphones will have the WeChat application preloaded.
Panasonic has also opened an "Official Account" on WeChat called "Panasonic Smart". "Official Accounts" is a special feature of WeChat, that can be utilized by companies and merchants alike to build interactivity with their fans in a new and innovative way - through which Panasonic Smartphone users can stay connected on WeChat and stay tuned to latest Panasonic updates. Consumers can share their views & queries related to their Panasonic smartphones through text, voice or video messages; consequently enhancing the overall customer experience.
WeChat is a leading global mobile social communication application with 70 million international registered user accounts. With a bundle of innovative features like 'Voice Messaging', WeChat is re-defining the way people communicate with each other. WeChat is the first application in communication space which enables users to send voice messages at the touch of a button. 'Moments' is another key differentiating feature of WeChat where users can post image or text and share with their selected friends in a secure way.
Talking about the association Mr. Manish Sharma - Managing Director, Panasonic India said, "Indian mobile phone market and we are committed to continually enhance the user experience on all Panasonic phones. Social networking and messaging apps, which continue to grow in popularity, are the best ways to provide our customers with an enhanced user experience. We are excited about our collaboration with WeChat and look forward to working closely with WeChat to bring even more innovative features to our customers across all our phones."
Mr. Dennis Hau- Head of International Product Center at Tencent, the company behind the WeChat app said "We are glad to partner with Panasonic India especially because of the great legacy that Panasonic has. At WeChat, it has always been our endeavour to bring our innovative features such as WeChat Official Accounts to connect users closer to what they are interested in. With the new initiative with Panasonic, WeChat is being brought closer to one of the leading brands globally. We believe that joining hands with Panasonic will further boost the strong consumer connect that users can enjoy in India."
About the new Panasonic P51
The Panasonic P51 is a premium AndroidTM smartphone with sleek design and brings HD experience to a 5 inch screen with a resolution of 1280x720 pixels. Powered by a Quad Core1.2GHz processor and running on AndroidTM 4.2 (Jelly Bean), the P51 comes with a magnetic flip-cover stylus offering comfort and convenience to the consumer. This Wi-Fi enabled device also sports an 8MP camera (auto focus with flash) and a 1.3Mpxl 720p HD front camera making it an ideal phone. With WeChat preloaded, users of P51 will be able to connect to their friends and people they care about anytime and anywhere. The Smartphone is priced at Rs. 19,990.
About Panasonic India
Panasonic makes available in India its wide range of consumer electronics, home appliances like LCD & Plasma TVs, DVD players, Home Theatre Systems, Cameras, Camcorders, Car Audio Systems, Air Conditioners, Washing Machines, Refrigerators, Microwave Ovens, Automatic Cookers, Vacuum Cleaners and a wide range of system products including communication ones like Phones, High Definition Videoconferencing, Professional Audio Video products like Broadcast Cameras, Projectors and Displays, Business Solutions including Printers, Whiteboards and Security Solutions. The company currently has a workforce of about 12,500 in India. For more information on the company and the Panasonic brand in India, please visit http://panasonic.co.in.
About WeChat
WeChat is an innovative mobile social communications application designed for smartphone users. WeChat is free for downloads from app stores running on iOS, Android, Symbian, BlackBerry, Windows Phone and Symbian operating systems*.
WeChat users can add friends by a wide range of innovative actions and methods, including scanning QR codes, connecting users‟ Facebook profiles and phone books and activating location-based functions such as "Look Around" and "Shake". This application enhances social interaction by supporting exchanges of text, voice and video, emoticons, and photos with their friends over data networks. Users can choose to communicate on one-on-one, or within their closed social network through "Moments".
For more information and application download, please visit www.wechat.com
*Some features may not be available for certain operating systems due to the product development cycle
CONTACT DETAILS
Richa Sethi, Panasonic India, +91 9560498765, richa.sethi@in.panasonic.com
Nitin Shukla, Genesis Burson-Marsteller for WeChat, +91 9873985197, nitin.shukla@bm.com
KEYWORDS
CONSUMER, ENTERTAINMENT, LIFESTYLE, PEOPLE, MARKETING, BUSINESS SERVICES, ELECTRONICS, MEDIA, TELECOMMUNICATIONS, TECHNOLOGY
If you wish to change your Business Wire India selection please click on this link http://www.businesswireindia.com/media/news.asp and use your personal username and password to login.
Submit your press release at http://www.businesswireindia.com
BWI: Ravi Group Launches the BBHK Concept at Gaurav Excellency, Mira Road
Press release from Business Wire India
Source: Ravi Group of Companies
Wednesday, July 31, 2013 03:50 PM IST (10:20 AM GMT)
Editors: General: Consumer interest, Lifestyle, People; Business: Advertising, PR & marketing, Construction, Heavy industries, Hospitality, Household & personal care products & services, Major diversified industrial groups, Real estate
--------------------------------------------------
Ravi Group Launches the BBHK Concept at Gaurav Excellency, Mira Road
Mumbai, Maharashtra, India, Wednesday, July 31, 2013 -- (Business Wire India) -- Ravi Group, one of the leading real estate companies in India, in recent times commenced Gaurav Excellency at Mira Road. Comprising of 16 luxurious towers having 3 phases of 23 storeys each, Gaurav Excellency has aided in transforming the face of Mira Road.
Located near GCC Club, Mira Road Gaurav Excellency includes sky reaching high rise towers amidst sprawling acreage of greens. Each tower offers ample podium parking, e-deck, each tower offering a choice of 1, 2, 3 BHK apartments, surrounded with world class amenities and convenience. Uniquely designed Gaurav Excellency presents a well designed club house, a splendid podium garden area with jogging track, internationally technique gymnasium and a squash play for its customers.
The BBHK concept is a unique concept that adds flexibility to maximize your available space. This unique concept is the need of an hour, keeping in mind the price constrain in the city, The BBHK is designed in such a way that it enables the end users to convert their bedroom into a multipurpose room or study room and in the same way convert their living room in a bedroom where one can enjoy the benefits of 2 rooms at the cost of 1 BHK, which allows the maximum or you can say double utilization of the space and hence it is known as BBHK. It strategically utilizes the useable area available and transforming it into a palatial living experience.
Ketan Shah, Managing Director, Ravi Group of Companies, is gratified to announce this unique concept in Mumbai, where space is a scarce commodity in today's time, where every inch of space as well as its functionality counts. He further adds, this unique idea proposed by Ravi Group will gradually be well appreciated and accepted by the consumers. He also emphasizes on this BBHK concept being the need of an hour as the prices are soaring high.
About Ravi Group:
Ravi Group, one of the leading real estate companies in India, is a name to reckon with the transformation of Mira Road since the inception of the company over twenty years ago. The group has played a major role in development of Mira Road and successfully developed a total of 10 million sq. feet of residential & commercial projects with around 17000 homes delivered in over 40 Projects completed and many more to come. Along with Mira Road, Ravi Group has also made its mark in suburbs like Andheri, Kandivali Charkop, Malad, Goreagon and Borivli.
To view the photograph, please click on the link given below:
Gaurav Exellency
For picture(s)/data to illustrate this release click below:
http://www.BusinessWireIndia.com/attachments/Excellency elevation.jpg
Gaurav Exellency
CONTACT DETAILS
Richa Patel, +91 9819822393
KEYWORDS
CONSUMER, LIFESTYLE, PEOPLE, MARKETING, CONSTRUCTION, HEAVY INDUSTRIES, HOSPITALITY, HOUSEHOLD, GROUPS, REAL ESTATE
If you wish to change your Business Wire India selection please click on this link http://www.businesswireindia.com/media/news.asp and use your personal username and password to login.
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Source: Ravi Group of Companies
Wednesday, July 31, 2013 03:50 PM IST (10:20 AM GMT)
Editors: General: Consumer interest, Lifestyle, People; Business: Advertising, PR & marketing, Construction, Heavy industries, Hospitality, Household & personal care products & services, Major diversified industrial groups, Real estate
--------------------------------------------------
Ravi Group Launches the BBHK Concept at Gaurav Excellency, Mira Road
Mumbai, Maharashtra, India, Wednesday, July 31, 2013 -- (Business Wire India) -- Ravi Group, one of the leading real estate companies in India, in recent times commenced Gaurav Excellency at Mira Road. Comprising of 16 luxurious towers having 3 phases of 23 storeys each, Gaurav Excellency has aided in transforming the face of Mira Road.
Located near GCC Club, Mira Road Gaurav Excellency includes sky reaching high rise towers amidst sprawling acreage of greens. Each tower offers ample podium parking, e-deck, each tower offering a choice of 1, 2, 3 BHK apartments, surrounded with world class amenities and convenience. Uniquely designed Gaurav Excellency presents a well designed club house, a splendid podium garden area with jogging track, internationally technique gymnasium and a squash play for its customers.
The BBHK concept is a unique concept that adds flexibility to maximize your available space. This unique concept is the need of an hour, keeping in mind the price constrain in the city, The BBHK is designed in such a way that it enables the end users to convert their bedroom into a multipurpose room or study room and in the same way convert their living room in a bedroom where one can enjoy the benefits of 2 rooms at the cost of 1 BHK, which allows the maximum or you can say double utilization of the space and hence it is known as BBHK. It strategically utilizes the useable area available and transforming it into a palatial living experience.
Ketan Shah, Managing Director, Ravi Group of Companies, is gratified to announce this unique concept in Mumbai, where space is a scarce commodity in today's time, where every inch of space as well as its functionality counts. He further adds, this unique idea proposed by Ravi Group will gradually be well appreciated and accepted by the consumers. He also emphasizes on this BBHK concept being the need of an hour as the prices are soaring high.
About Ravi Group:
Ravi Group, one of the leading real estate companies in India, is a name to reckon with the transformation of Mira Road since the inception of the company over twenty years ago. The group has played a major role in development of Mira Road and successfully developed a total of 10 million sq. feet of residential & commercial projects with around 17000 homes delivered in over 40 Projects completed and many more to come. Along with Mira Road, Ravi Group has also made its mark in suburbs like Andheri, Kandivali Charkop, Malad, Goreagon and Borivli.
To view the photograph, please click on the link given below:
Gaurav Exellency
For picture(s)/data to illustrate this release click below:
http://www.BusinessWireIndia.com/attachments/Excellency elevation.jpg
Gaurav Exellency
CONTACT DETAILS
Richa Patel, +91 9819822393
KEYWORDS
CONSUMER, LIFESTYLE, PEOPLE, MARKETING, CONSTRUCTION, HEAVY INDUSTRIES, HOSPITALITY, HOUSEHOLD, GROUPS, 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: Vivitek Introduces Qumi Q7 LED Pico Projector
Press release from Business Wire India
Source: Delta/Vivitek
Wednesday, July 31, 2013 03:37 PM IST (10:07 AM GMT)
Editors: General: Consumer interest, Entertainment, People; Business: Business services, Electronic appliances & components, Media & entertainment; Technology
--------------------------------------------------
Vivitek Introduces Qumi Q7 LED Pico Projector
The Vivitek Qumi Q7: Bright, LED-Based Projector with 3D-Ready Capabilities
Gurgaon, Haryana, India, Wednesday, July 31, 2013 -- (Business Wire India) -- www.vivitek.in
Vivitek, a leading manufacturer of innovative visual presentation products, introduces the latest in its line of Qumi LED-based pico projectors. Q7, the company's new Qumi product, increases Vivitek's family of projection devices for a wide range of applications and expands its LED-based projectors.
Weighing in at 3.1 pounds, the Qumi Q7 delivers up to 800 lumens of brightness with an LED light source that gives it up to 30,000 hours of operation time. And, not only is it 3D-ready via Texas Instruments' DLP® LinkT, but the Q7 integrates 2D-to-3D content conversion technology for standard and Blu-Ray 3D playback. The Qumi Q7 features the unique touch sensitive button controls and sleek design that is familiar with the Qumi family of projectors. It is ready to be used with a variety of devices, including, but not limited to, digital cameras, laptops, smart phone and tablets.
Qumi Q7 Key Features & Specifications:
-- 720p/native WXGA (1280x800) resolution
-- Up to 800 lumens of brightness and a 30,000:1 contrast ratio
-- 3D-Ready (via DLP Link) and a DLP pico chipset from Texas Instruments
-- Integrated 2D-to-3D content conversion technology
-- 3.1 pounds; Dimensions: 6.3"(w) x 4.3"(h) x 1.3"(d)
-- 30,000+ estimated LED hours of operation
-- Connectivity options include: HDMI (x2), VGA-In, Composite Video, Audio-In RCA and USB; 4GB of on-board memory
-- Built-in Microsoft Office® and AdobeT PDF document reader
-- 2W surround sound speaker
With the addition of the Qumi Q7, Vivitek continues its goal of bringing portable and energy-efficient projectors to the market. Vivitek wants to bring a complete line of projector models to fit just about any need and application.
About Delta Group
Delta Group, founded in 1971, is the global leader in power, thermal and display solutions. Our mission statement, "To provide innovative, clean and energy-efficient solutions for a better tomorrow," focuses our role in addressing key environmental issues such as global climate change. As an energy-saving solutions provider, Delta's businesses encompass power electronics, energy management, and smart green life. Delta has sales offices worldwide and manufacturing facilities in Taiwan, China, USA, Europe, Thailand, Japan, India, Mexico, and Brazil. For more information about Delta displays' products, visit www.deltadisplays.com
About Vivitek
Vivitek, a Delta Group brand, manufactures an extensive line of visual display and presentation products. Vivitek's line of digital projection and display products incorporates the latest innovations and technologies to deliver superior products for partners, customers and channels. Vivitek products are sold through authorized dealers, distributors, retailers and system integrators. For more information, visit www.vivitek.in.
To view the photograph, please click on the link given below:
Vivitek introduces Qumi Q7 LED Pico Projector
For picture(s)/data to illustrate this release click below:
http://www.BusinessWireIndia.com/attachments/IMG_1(251).JPG
Vivitek introduces Qumi Q7 LED Pico Projector
CONTACT DETAILS
Ms. Aruna Dhingra, Product Marketing Manager, pr@deltadisplays.com
KEYWORDS
CONSUMER, ENTERTAINMENT, PEOPLE, BUSINESS SERVICES, ELECTRONICS, 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: Delta/Vivitek
Wednesday, July 31, 2013 03:37 PM IST (10:07 AM GMT)
Editors: General: Consumer interest, Entertainment, People; Business: Business services, Electronic appliances & components, Media & entertainment; Technology
--------------------------------------------------
Vivitek Introduces Qumi Q7 LED Pico Projector
The Vivitek Qumi Q7: Bright, LED-Based Projector with 3D-Ready Capabilities
Gurgaon, Haryana, India, Wednesday, July 31, 2013 -- (Business Wire India) -- www.vivitek.in
Vivitek, a leading manufacturer of innovative visual presentation products, introduces the latest in its line of Qumi LED-based pico projectors. Q7, the company's new Qumi product, increases Vivitek's family of projection devices for a wide range of applications and expands its LED-based projectors.
Weighing in at 3.1 pounds, the Qumi Q7 delivers up to 800 lumens of brightness with an LED light source that gives it up to 30,000 hours of operation time. And, not only is it 3D-ready via Texas Instruments' DLP® LinkT, but the Q7 integrates 2D-to-3D content conversion technology for standard and Blu-Ray 3D playback. The Qumi Q7 features the unique touch sensitive button controls and sleek design that is familiar with the Qumi family of projectors. It is ready to be used with a variety of devices, including, but not limited to, digital cameras, laptops, smart phone and tablets.
Qumi Q7 Key Features & Specifications:
-- 720p/native WXGA (1280x800) resolution
-- Up to 800 lumens of brightness and a 30,000:1 contrast ratio
-- 3D-Ready (via DLP Link) and a DLP pico chipset from Texas Instruments
-- Integrated 2D-to-3D content conversion technology
-- 3.1 pounds; Dimensions: 6.3"(w) x 4.3"(h) x 1.3"(d)
-- 30,000+ estimated LED hours of operation
-- Connectivity options include: HDMI (x2), VGA-In, Composite Video, Audio-In RCA and USB; 4GB of on-board memory
-- Built-in Microsoft Office® and AdobeT PDF document reader
-- 2W surround sound speaker
With the addition of the Qumi Q7, Vivitek continues its goal of bringing portable and energy-efficient projectors to the market. Vivitek wants to bring a complete line of projector models to fit just about any need and application.
About Delta Group
Delta Group, founded in 1971, is the global leader in power, thermal and display solutions. Our mission statement, "To provide innovative, clean and energy-efficient solutions for a better tomorrow," focuses our role in addressing key environmental issues such as global climate change. As an energy-saving solutions provider, Delta's businesses encompass power electronics, energy management, and smart green life. Delta has sales offices worldwide and manufacturing facilities in Taiwan, China, USA, Europe, Thailand, Japan, India, Mexico, and Brazil. For more information about Delta displays' products, visit www.deltadisplays.com
About Vivitek
Vivitek, a Delta Group brand, manufactures an extensive line of visual display and presentation products. Vivitek's line of digital projection and display products incorporates the latest innovations and technologies to deliver superior products for partners, customers and channels. Vivitek products are sold through authorized dealers, distributors, retailers and system integrators. For more information, visit www.vivitek.in.
To view the photograph, please click on the link given below:
Vivitek introduces Qumi Q7 LED Pico Projector
For picture(s)/data to illustrate this release click below:
http://www.BusinessWireIndia.com/attachments/IMG_1(251).JPG
Vivitek introduces Qumi Q7 LED Pico Projector
CONTACT DETAILS
Ms. Aruna Dhingra, Product Marketing Manager, pr@deltadisplays.com
KEYWORDS
CONSUMER, ENTERTAINMENT, PEOPLE, BUSINESS SERVICES, ELECTRONICS, MEDIA, TECHNOLOGY
If you wish to change your Business Wire India selection please click on this link http://www.businesswireindia.com/media/news.asp and use your personal username and password to login.
Submit your press release at http://www.businesswireindia.com
BWI: Indian Consumers Love to Share Mobile Videos, Reveals Vuclip Survey
Press release from Business Wire India
Source: Vuclip
Wednesday, July 31, 2013 02:06 PM IST (08:36 AM GMT)
Editors: General: Consumer interest, Entertainment, Lifestyle, People; Business: Advertising, PR & marketing, Business services, Information technology, Major diversified industrial groups, Media & entertainment, Telecommunications; Technology
--------------------------------------------------
Indian Consumers Love to Share Mobile Videos, Reveals Vuclip Survey
New Delhi, Delhi, India, Wednesday, July 31, 2013 -- (Business Wire India) -- 65% of Indian consumers share mobile video as compared to 53% globally; Mobile phones preferred hands down to desktops for watching movie trailers
Vuclip, the world's largest independent mobile video and media company, today unveiled the findings of its second quarter 2013 Global Video Insights report by putting a spotlight on trends in mobile video sharing, most popular genre of movies trailers, and the most searched celebrities. More than 14,000 responses were received globally within two days. Results varied by age group and region.
One trend is clear: people everywhere love to share mobile video but especially in India. 65% of Indians, as compared to 53% of global respondents, admitted to sharing video through their mobile phones. Indian youth under 18 years old fuel this phenomenon; a whopping 87% say they share mobile video regularly. When it comes to gender, more men than women in India share mobile videos at 67% and 59% respectively.
SMS emerged as the most popular means of sharing among global respondents. 20% of the total lot chose SMS over Facebook and Google+. Reflecting this trend, 38% of Indian respondents use SMS to share mobile video, giving Facebook a backseat at 12%.
Also notable is that although only 4% of people say that Twitter is the most common way they share mobile video, that core group of tweeters is extremely active. Vuclip estimates that the percentage of videos viewed sparked by tweets is in the ballpark of 30% of the total daily video views on Vuclip.
Movie Trailers
While all respondents seem to enjoy sharing movie trailers, the survey revealed interesting results on the genre of movies shared. With 36% of the vote, superhero movie trailers surfaced as the most often shared trailers in India, also hugely popular among the under-18 crowd. Globally, romantic trailers took the lead with 29%. When asked where users prefer to watch movie trailers, the answer was loud and clear - mobile phones. 48% of respondents globally said that they view movie trailers on their phones more often than on television, on desktop computers or even in movie theaters. In India, more than 50% of respondents between 18 and 35 years old touted watching movie trailers through their mobiles.
"We live in a hyper-connected world where people enjoy sharing their views and experiences on the go. On Vuclip as well we make sure that consumers can share the videos they like quickly and easily. More than 65% of video views occur as a result of social sharing," said Arun Prakash, Chief Operating Officer, Marketing and Content for Vuclip. "However, what's surprising about the data we uncovered was how engaged people are with movie trailers. For example, we saw a huge up-tick in views of the Iron Man 3 movie trailer the week prior to the international movie release in late April. There is an appetite globally for Hollywood cinema and celebrities."
Top Celebrities
As part of this quarter's global video insights report, Vuclip aimed to find the most searched for celebrities. Salman Khan, one of the most eligible bachelors in Bollywood topped the list with his style and charisma leaving behind other top models, actresses' cricketers and singers. Surprisingly, the actor was also featured as the second most searched celebrity after Ayu Azhari, a famous actress, in Indonesia. Here are the top celebrities searched for in India in the second quarter of this year.
India
1. Salman Khan
2. Katrina Kaif
3. Sachin Tendulkar
4. Ranbir Kapoor
5. Kim Kardashian
6. Anushka
7. Priyamani
8. Taylor Swift
9. Kajal Agarwal
10. Nithya Menen
Methodology
All of the statistics in this report were gathered via a global survey conducted over two days. There were more than 14,000 respondents globally with 2,400 of those from India. Users were provided with seven multiple-choice questions and had the option to opt out. No incentives were provided for responding. To see full survey results please view this link. The information for the celebrity searches is a result of our ability to collect anonymous information about what users are searching for, what country they're in, and what devices they're using. When we aggregate that data, it makes for a compelling snapshot of trends in the mobile world.
About Vuclip
For millions of people around the world, Vuclip is an essential part of their daily lives. Vuclip serves video on-the-fly, on any device, and in any country, providing unparalleled reach for its partners. Vuclip reaches more than 80 million unique users monthly around the world. Vuclip is headquartered in Milpitas, California with offices in New Delhi, Mumbai, Singapore, Dubai, Shenzhen, Beijing and Ottawa. Check out Vuclip on your phone: m.vuclip.com.
CONTACT DETAILS
Ashwini Nande, Gutenberg Communications, +91 7829222741, ashwini@gutenbergpr.com
KEYWORDS
CONSUMER, ENTERTAINMENT, LIFESTYLE, PEOPLE, MARKETING, BUSINESS SERVICES, IT, GROUPS, MEDIA, TELECOMMUNICATIONS, TECHNOLOGY
If you wish to change your Business Wire India selection please click on this link http://www.businesswireindia.com/media/news.asp and use your personal username and password to login.
Submit your press release at http://www.businesswireindia.com
Source: Vuclip
Wednesday, July 31, 2013 02:06 PM IST (08:36 AM GMT)
Editors: General: Consumer interest, Entertainment, Lifestyle, People; Business: Advertising, PR & marketing, Business services, Information technology, Major diversified industrial groups, Media & entertainment, Telecommunications; Technology
--------------------------------------------------
Indian Consumers Love to Share Mobile Videos, Reveals Vuclip Survey
New Delhi, Delhi, India, Wednesday, July 31, 2013 -- (Business Wire India) -- 65% of Indian consumers share mobile video as compared to 53% globally; Mobile phones preferred hands down to desktops for watching movie trailers
Vuclip, the world's largest independent mobile video and media company, today unveiled the findings of its second quarter 2013 Global Video Insights report by putting a spotlight on trends in mobile video sharing, most popular genre of movies trailers, and the most searched celebrities. More than 14,000 responses were received globally within two days. Results varied by age group and region.
One trend is clear: people everywhere love to share mobile video but especially in India. 65% of Indians, as compared to 53% of global respondents, admitted to sharing video through their mobile phones. Indian youth under 18 years old fuel this phenomenon; a whopping 87% say they share mobile video regularly. When it comes to gender, more men than women in India share mobile videos at 67% and 59% respectively.
SMS emerged as the most popular means of sharing among global respondents. 20% of the total lot chose SMS over Facebook and Google+. Reflecting this trend, 38% of Indian respondents use SMS to share mobile video, giving Facebook a backseat at 12%.
Also notable is that although only 4% of people say that Twitter is the most common way they share mobile video, that core group of tweeters is extremely active. Vuclip estimates that the percentage of videos viewed sparked by tweets is in the ballpark of 30% of the total daily video views on Vuclip.
Movie Trailers
While all respondents seem to enjoy sharing movie trailers, the survey revealed interesting results on the genre of movies shared. With 36% of the vote, superhero movie trailers surfaced as the most often shared trailers in India, also hugely popular among the under-18 crowd. Globally, romantic trailers took the lead with 29%. When asked where users prefer to watch movie trailers, the answer was loud and clear - mobile phones. 48% of respondents globally said that they view movie trailers on their phones more often than on television, on desktop computers or even in movie theaters. In India, more than 50% of respondents between 18 and 35 years old touted watching movie trailers through their mobiles.
"We live in a hyper-connected world where people enjoy sharing their views and experiences on the go. On Vuclip as well we make sure that consumers can share the videos they like quickly and easily. More than 65% of video views occur as a result of social sharing," said Arun Prakash, Chief Operating Officer, Marketing and Content for Vuclip. "However, what's surprising about the data we uncovered was how engaged people are with movie trailers. For example, we saw a huge up-tick in views of the Iron Man 3 movie trailer the week prior to the international movie release in late April. There is an appetite globally for Hollywood cinema and celebrities."
Top Celebrities
As part of this quarter's global video insights report, Vuclip aimed to find the most searched for celebrities. Salman Khan, one of the most eligible bachelors in Bollywood topped the list with his style and charisma leaving behind other top models, actresses' cricketers and singers. Surprisingly, the actor was also featured as the second most searched celebrity after Ayu Azhari, a famous actress, in Indonesia. Here are the top celebrities searched for in India in the second quarter of this year.
India
1. Salman Khan
2. Katrina Kaif
3. Sachin Tendulkar
4. Ranbir Kapoor
5. Kim Kardashian
6. Anushka
7. Priyamani
8. Taylor Swift
9. Kajal Agarwal
10. Nithya Menen
Methodology
All of the statistics in this report were gathered via a global survey conducted over two days. There were more than 14,000 respondents globally with 2,400 of those from India. Users were provided with seven multiple-choice questions and had the option to opt out. No incentives were provided for responding. To see full survey results please view this link. The information for the celebrity searches is a result of our ability to collect anonymous information about what users are searching for, what country they're in, and what devices they're using. When we aggregate that data, it makes for a compelling snapshot of trends in the mobile world.
About Vuclip
For millions of people around the world, Vuclip is an essential part of their daily lives. Vuclip serves video on-the-fly, on any device, and in any country, providing unparalleled reach for its partners. Vuclip reaches more than 80 million unique users monthly around the world. Vuclip is headquartered in Milpitas, California with offices in New Delhi, Mumbai, Singapore, Dubai, Shenzhen, Beijing and Ottawa. Check out Vuclip on your phone: m.vuclip.com.
CONTACT DETAILS
Ashwini Nande, Gutenberg Communications, +91 7829222741, ashwini@gutenbergpr.com
KEYWORDS
CONSUMER, ENTERTAINMENT, LIFESTYLE, PEOPLE, MARKETING, BUSINESS SERVICES, IT, GROUPS, MEDIA, TELECOMMUNICATIONS, TECHNOLOGY
If you wish to change your Business Wire India selection please click on this link http://www.businesswireindia.com/media/news.asp and use your personal username and password to login.
Submit your press release at http://www.businesswireindia.com
BWI: Burrp! Announces the Launch of a World of Privileges, Presenting the Burrp! Club
Press release from Business Wire India
Source: Burrp
Wednesday, July 31, 2013 01:31 PM IST (08:01 AM GMT)
Editors: General: Arts & culture, Consumer interest, Entertainment, Fashion, Food & drink, Lifestyle, People, Travel & tourism; Business: Advertising, PR & marketing, Business services, Hospitality, Information technology, Media & entertainment, Telecommunications, Travel & tourism; Technology
--------------------------------------------------
Burrp! Announces the Launch of a World of Privileges, Presenting the Burrp! Club
Mumbai, Maharashtra, India, Wednesday, July 31, 2013 -- (Business Wire India) -- burrp! is launching its exclusive, members-only burrp! Club today. A club that opens the doors to a host of experiences, events and offers from the worlds of food, nightlife, entertainment and relaxation.
Get the burrp! Club card. Get VIP treatment.
Members get a special burrp! Card which grants them access to special privileges at the city's finest restaurants, spas and salons. These include highly sought-after experiences like a seat at a celebrity chef's table; special 5 course menus created at top restaurants, exclusively for burrpers; food workshops and offers at top restaurants; and the best deals at salons and spas across the city.
A membership worth Rs. 3000. Free for selected burrpers.
Entry to the burrp! Club is by invitation only, and will be extended to our most valued burrpers. A membership that's valued at Rs. 3000 will be theirs absolutely free. They'll have access to the biggest and best food and entertainment events - everything they need to enhance their lifestyle.
The burrp! Club for corporates.
burrp! events are a great solution for corporate groups. With burrp's! extensive experience and tie-ups with key restaurants, we can create exclusive food, drink and entertainment experiences for senior management, customers and trade. It's the perfect foil to a brainstorming session or client meeting. What better incentive can you find for your team?
burrp's! COO Sandeep Das says "burrp! has always looked at ways to increase visibility and drive footfalls to our partner establishments and also bring value to customers who have engaged with us for many years. The burrp! Club is a solution that benefits everyone, the consumer, as well as the city's top food & nightlife, shopping and wellness destinations. It's a win-win. And it's all accessed with a burrp! The club is currently being launched in Mumbai and will come soon to all 30 cities where burrp! is present."
A look at some of the exciting offerings to come from the burrp! Club:
burrp! experiences:
-- Table for Two: A 5 course set menu with a complimentary drink for two at select restaurants and restobars
-- Platters & Pitchers: An experience for groups of 6 and more with platters of food and pitchers of drinks at a special value price
-- Date Night: A Wednesday night date crafted for couples that includes a 3 course meal, a bottle of wine and a choice of table
-- Mystery Menu: Aimed at burrpers who love to experiment with food and have no dietary restrictions. A set mystery menu created exclusively by the chef
-- burrp! occasions: offers and experiences on special occasions like your anniversary or birthday at leading restaurants, spas and salons
burrp! events:
-- burrp! Chef's table - exclusive menu prepared by the chef only for burrpers
-- High - Tea tables: The perfect afternoon break at he city's top restaurants
-- Food making workshops: learn to make Japanese, Burmese, Brazilian and other exotic cuisines with renowned chefs
-- Special session by renowned international chefs: like Chef Suriyawan of Khon Kean, North East Thailand, and celebrity chef and TV presenter David Rocco
-- Tasting sessions: of international cuisines that are new to India held at new restaurant
Profile:
burrp! is India's leading Local Lifestyle Platform- with lifestyle centric listings across 31 cities . burrp! is the pioneer of User Generated Content in the Food & Drink segment and other lifestyle categories some being shopping/retail, salons/beauty parlours/gyms/establishments catering to all kind of hobbies/recreation, lifestyle upgrade/grooming, entertainment etc. burrp! is built on reviews and recommendations posted by its trusted user; it is the core strength and the main objective behind all its initiatives.
For more information, or to give us valuable feedback, mail us at burrpclub@burrp.com
CONTACT DETAILS
Veronica Jose, Marketing Manager, Burrp.com, Veronica.jose@burrp.com
KEYWORDS
ARTS, CONSUMER, ENTERTAINMENT, FASHION, FOOD, LIFESTYLE, PEOPLE, TOURISM, MARKETING, BUSINESS SERVICES, HOSPITALITY, MEDIA, TELECOMMUNICATIONS, TRAVEL, 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: Burrp
Wednesday, July 31, 2013 01:31 PM IST (08:01 AM GMT)
Editors: General: Arts & culture, Consumer interest, Entertainment, Fashion, Food & drink, Lifestyle, People, Travel & tourism; Business: Advertising, PR & marketing, Business services, Hospitality, Information technology, Media & entertainment, Telecommunications, Travel & tourism; Technology
--------------------------------------------------
Burrp! Announces the Launch of a World of Privileges, Presenting the Burrp! Club
Mumbai, Maharashtra, India, Wednesday, July 31, 2013 -- (Business Wire India) -- burrp! is launching its exclusive, members-only burrp! Club today. A club that opens the doors to a host of experiences, events and offers from the worlds of food, nightlife, entertainment and relaxation.
Get the burrp! Club card. Get VIP treatment.
Members get a special burrp! Card which grants them access to special privileges at the city's finest restaurants, spas and salons. These include highly sought-after experiences like a seat at a celebrity chef's table; special 5 course menus created at top restaurants, exclusively for burrpers; food workshops and offers at top restaurants; and the best deals at salons and spas across the city.
A membership worth Rs. 3000. Free for selected burrpers.
Entry to the burrp! Club is by invitation only, and will be extended to our most valued burrpers. A membership that's valued at Rs. 3000 will be theirs absolutely free. They'll have access to the biggest and best food and entertainment events - everything they need to enhance their lifestyle.
The burrp! Club for corporates.
burrp! events are a great solution for corporate groups. With burrp's! extensive experience and tie-ups with key restaurants, we can create exclusive food, drink and entertainment experiences for senior management, customers and trade. It's the perfect foil to a brainstorming session or client meeting. What better incentive can you find for your team?
burrp's! COO Sandeep Das says "burrp! has always looked at ways to increase visibility and drive footfalls to our partner establishments and also bring value to customers who have engaged with us for many years. The burrp! Club is a solution that benefits everyone, the consumer, as well as the city's top food & nightlife, shopping and wellness destinations. It's a win-win. And it's all accessed with a burrp! The club is currently being launched in Mumbai and will come soon to all 30 cities where burrp! is present."
A look at some of the exciting offerings to come from the burrp! Club:
burrp! experiences:
-- Table for Two: A 5 course set menu with a complimentary drink for two at select restaurants and restobars
-- Platters & Pitchers: An experience for groups of 6 and more with platters of food and pitchers of drinks at a special value price
-- Date Night: A Wednesday night date crafted for couples that includes a 3 course meal, a bottle of wine and a choice of table
-- Mystery Menu: Aimed at burrpers who love to experiment with food and have no dietary restrictions. A set mystery menu created exclusively by the chef
-- burrp! occasions: offers and experiences on special occasions like your anniversary or birthday at leading restaurants, spas and salons
burrp! events:
-- burrp! Chef's table - exclusive menu prepared by the chef only for burrpers
-- High - Tea tables: The perfect afternoon break at he city's top restaurants
-- Food making workshops: learn to make Japanese, Burmese, Brazilian and other exotic cuisines with renowned chefs
-- Special session by renowned international chefs: like Chef Suriyawan of Khon Kean, North East Thailand, and celebrity chef and TV presenter David Rocco
-- Tasting sessions: of international cuisines that are new to India held at new restaurant
Profile:
burrp! is India's leading Local Lifestyle Platform- with lifestyle centric listings across 31 cities . burrp! is the pioneer of User Generated Content in the Food & Drink segment and other lifestyle categories some being shopping/retail, salons/beauty parlours/gyms/establishments catering to all kind of hobbies/recreation, lifestyle upgrade/grooming, entertainment etc. burrp! is built on reviews and recommendations posted by its trusted user; it is the core strength and the main objective behind all its initiatives.
For more information, or to give us valuable feedback, mail us at burrpclub@burrp.com
CONTACT DETAILS
Veronica Jose, Marketing Manager, Burrp.com, Veronica.jose@burrp.com
KEYWORDS
ARTS, CONSUMER, ENTERTAINMENT, FASHION, FOOD, LIFESTYLE, PEOPLE, TOURISM, MARKETING, BUSINESS SERVICES, HOSPITALITY, MEDIA, TELECOMMUNICATIONS, TRAVEL, 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: ARINC Awarded ‘IT Service Provider of the Year’ by Indira Gandhi International Airport
Press release from Business Wire India
Source: ARINC Incorporated
Wednesday, July 31, 2013 11:37 AM IST (06:07 AM GMT)
Editors: General: Entertainment, People; Business: Business services, Information technology, Media & entertainment, Telecommunications; Technology
--------------------------------------------------
ARINC Awarded 'IT Service Provider of the Year' by Indira Gandhi International Airport
New Delhi, Delhi, India, Wednesday, July 31, 2013 -- (Business Wire India) -- ARINC Incorporated was awarded 'IT Service Provider Of The Year' by Indira Gandhi International (IGI) Airport during their annual GMR-IGI Airport Business Partner Awards ceremony held recently in New Delhi.
The annual award recognizes the airport community's "best of the best" when it comes to service and operational excellence. Organized by Delhi International Airport Limited (DIAL), the awards were formally launched in December 2011 and have been held every year since.
"GMR-IGI Airport Awards are meant to recognize our business partners who deliver outstanding service," said Mr. Indana Prabhakara Rao, Chief Executive Officer of DIAL.
"The awards are the first of their kind to be held in India and I am very pleased that ARINC has deservedly won this category and congratulate them on their achievements," he further added.
ARINC was amongst three finalists in its category. All nominees were evaluated independently by KMPG on the basis of their operating & financial performance and data collected against pre-defined parameters, before winners were announced. Several factors contributing to ARINC's win include how the company's systems and products have positively impacted airport operations and significantly reduced passenger processing times, leading to an enhanced passenger experience at IGI Airport.
"ARINC counts some of the biggest airlines and airports in the world as its customers. This accolade by the largest airport in India and one of the largest worldwide is important as it signifies ARINC's capability and commitment to delivering innovative and reliable end-to-end products and services with superior performance, quality and total customer satisfaction," said Mr. Michael DiGeorge, Managing Director of ARINC in Asia Pacific.
"ARINC is also committed to growing its business in India, an important market for us, and this award affirms our steady and sustainable growth in the country," Mr. DiGeorge added.
IGI Airport has been using ARINC's vMUSET common-use passenger processing system, SelfServT Kiosks for self-service check-in and BagLinkTM for baggage messaging since 2009, as well as a Baggage Reconciliation System deployed by ARINC. The company is also contracted to provide maintenance and support services to the airport, through subsidiary ARINC Managed Services.
About ARINC
ARINC Incorporated, a portfolio company of The Carlyle Group, provides communications, engineering and integration solutions for commercial and government customers worldwide. Headquartered in Annapolis, Maryland with regional headquarters in London and Singapore, ARINC is ISO 9001:2008 and AS9100:2009 Rev C certified. For more information, visit the website at www.arinc.com.
To view the photograph, please click on the link given below:
Mr. Sujit Nag, Vice President, Project and Engineering, Delhi International Airport Limited, presents a certificate and trophy to Mr. Ashish Jain, Regional Manager of Airports, and Mr. Ganesh Raje, Account Manager, both from ARINC's Asia Pacific Division
For picture(s)/data to illustrate this release click below:
http://www.BusinessWireIndia.com/attachments/IMG_1(250).jpg
Mr. Sujit Nag, Vice President, Project and Engineering, Delhi International Airport Limited, presents a certificate and trophy to Mr. Ashish Jain, Regional Manager of Airports, and Mr. Ganesh Raje, Account Manager, both from ARINC's Asia Pacific Division
CONTACT DETAILS
Anushka Bakshi, Positive Interactive Pvt. Ltd., anushka@positiveindia.biz, +91 9582555408
KEYWORDS
ENTERTAINMENT, PEOPLE, BUSINESS SERVICES, IT, MEDIA, TELECOMMUNICATIONS, TECHNOLOGY
If you wish to change your Business Wire India selection please click on this link http://www.businesswireindia.com/media/news.asp and use your personal username and password to login.
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Source: ARINC Incorporated
Wednesday, July 31, 2013 11:37 AM IST (06:07 AM GMT)
Editors: General: Entertainment, People; Business: Business services, Information technology, Media & entertainment, Telecommunications; Technology
--------------------------------------------------
ARINC Awarded 'IT Service Provider of the Year' by Indira Gandhi International Airport
New Delhi, Delhi, India, Wednesday, July 31, 2013 -- (Business Wire India) -- ARINC Incorporated was awarded 'IT Service Provider Of The Year' by Indira Gandhi International (IGI) Airport during their annual GMR-IGI Airport Business Partner Awards ceremony held recently in New Delhi.
The annual award recognizes the airport community's "best of the best" when it comes to service and operational excellence. Organized by Delhi International Airport Limited (DIAL), the awards were formally launched in December 2011 and have been held every year since.
"GMR-IGI Airport Awards are meant to recognize our business partners who deliver outstanding service," said Mr. Indana Prabhakara Rao, Chief Executive Officer of DIAL.
"The awards are the first of their kind to be held in India and I am very pleased that ARINC has deservedly won this category and congratulate them on their achievements," he further added.
ARINC was amongst three finalists in its category. All nominees were evaluated independently by KMPG on the basis of their operating & financial performance and data collected against pre-defined parameters, before winners were announced. Several factors contributing to ARINC's win include how the company's systems and products have positively impacted airport operations and significantly reduced passenger processing times, leading to an enhanced passenger experience at IGI Airport.
"ARINC counts some of the biggest airlines and airports in the world as its customers. This accolade by the largest airport in India and one of the largest worldwide is important as it signifies ARINC's capability and commitment to delivering innovative and reliable end-to-end products and services with superior performance, quality and total customer satisfaction," said Mr. Michael DiGeorge, Managing Director of ARINC in Asia Pacific.
"ARINC is also committed to growing its business in India, an important market for us, and this award affirms our steady and sustainable growth in the country," Mr. DiGeorge added.
IGI Airport has been using ARINC's vMUSET common-use passenger processing system, SelfServT Kiosks for self-service check-in and BagLinkTM for baggage messaging since 2009, as well as a Baggage Reconciliation System deployed by ARINC. The company is also contracted to provide maintenance and support services to the airport, through subsidiary ARINC Managed Services.
About ARINC
ARINC Incorporated, a portfolio company of The Carlyle Group, provides communications, engineering and integration solutions for commercial and government customers worldwide. Headquartered in Annapolis, Maryland with regional headquarters in London and Singapore, ARINC is ISO 9001:2008 and AS9100:2009 Rev C certified. For more information, visit the website at www.arinc.com.
To view the photograph, please click on the link given below:
Mr. Sujit Nag, Vice President, Project and Engineering, Delhi International Airport Limited, presents a certificate and trophy to Mr. Ashish Jain, Regional Manager of Airports, and Mr. Ganesh Raje, Account Manager, both from ARINC's Asia Pacific Division
For picture(s)/data to illustrate this release click below:
http://www.BusinessWireIndia.com/attachments/IMG_1(250).jpg
Mr. Sujit Nag, Vice President, Project and Engineering, Delhi International Airport Limited, presents a certificate and trophy to Mr. Ashish Jain, Regional Manager of Airports, and Mr. Ganesh Raje, Account Manager, both from ARINC's Asia Pacific Division
CONTACT DETAILS
Anushka Bakshi, Positive Interactive Pvt. Ltd., anushka@positiveindia.biz, +91 9582555408
KEYWORDS
ENTERTAINMENT, PEOPLE, BUSINESS SERVICES, IT, MEDIA, TELECOMMUNICATIONS, TECHNOLOGY
If you wish to change your Business Wire India selection please click on this link http://www.businesswireindia.com/media/news.asp and use your personal username and password to login.
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Tuesday, July 30, 2013
BWI: Correcting and Replacing: Rediff.Com Reports Results for the First Quarter Ended June 30, 2013
Press release from Business Wire India
Source: Rediff.com India Ltd
Tuesday, July 30, 2013 04:15 PM IST (10:45 AM GMT)
Editors: General: Consumer interest, Economy, Entertainment, People; Business: Advertising, PR & marketing, Banking & financial services, Business services, Financial Analyst, Information technology, Major diversified industrial groups, Media & entertainment, Publishing & printing, Retailers, Stock exchanges; Technology
--------------------------------------------------
Correcting and Replacing: Rediff.Com Reports Results for the First Quarter Ended June 30, 2013
Mumbai, Maharashtra, India, Tuesday, July 30, 2013 -- (Business Wire India) -- Rediff.com, one of the premier online providers of news, information, communication, entertainment and shopping services to Indians worldwide, today announced results for its first quarter ended June 30, 2013.
The Company reported overall revenues for the 2013 first fiscal quarter of $4.11 million, a 12% increase as compared to $3.67 million reported in the 2012 first fiscal quarter.
For the three months ended June 30, 2013, the Company reported revenues from India Online of $3.37 million, an increase of approximately 21% over the corresponding quarter last fiscal year. Total India revenue, which includes online advertising revenues of $2.19 million and fee-based revenues of $1.18 million, increased approximately 14% and 27%, respectively as compared to the three months ended June 30, 2012. Within India fee-based revenue, fees from Online Marketplace grew 78%. Offsetting this growth were lower sales from the U.S. Publishing business, as the Company reported sales of $0.74 million as compared to $0.88 million for the comparable 2013 and 2012 fiscal first quarters.
"Amidst continued challenging economic conditions and the pressures of a weakening Rupee vs. the U.S. dollar, we have maintained a strong market presence throughout India and have seen many of our newer initiatives grow; particularly our online and local TV advertising business, as well as in Online Marketplace and Enterprises Email," said Ajit Balakrishnan, Chairman and Chief Executive Officer of Rediff.com.
Mr. Balakrishnan added "Our gross margins this quarter were 44%, compared to 32% for the same quarter last fiscal year. Additionally, in our Online Marketplace business, we successfully maintained a 12% positive product margin for the quarter and we continue to add vendors and SKU's to our offering. I believe our concentrated efforts on conserving cash will take us a step closer towards profitability, especially as our margins increase and our top-line grows."
The Company reported an Operating EBITDA loss of $1.47 million for the quarter ended June 30, 2013 as compared to an Operating EBITDA loss of $2.27 million in the comparable year-ago period.
Further details of Rediff.com's results for the first fiscal quarter ended June 30, 2013 are appended in tabular form to this press release. A script of the earnings results conference call held on July 30, 2013 will also be made available on Rediff's Investor Information website at investor.rediff.com.
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 or negatives 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 economies worldwide and in the sectors in which our clients are based, the slowdown in Internet and IT sectors worldwide, competition, the 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 and the widespread acceptance of the Internet as well as other risks detailed in the annual report on 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 U.S. 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.
TABLES FOLLOW
STATEMENT OF OPERATIONS QUARTER ENDED JUNE 30, 2013
Non-GAAP Measures Note
Operating EBITDA and non-GAAP operating expenses are the non-GAAP measures in this press release. These measurements are not recognized under generally accepted accounting principles ("GAAP").
Operating EBITDA represents loss from operations prior to adjustments for depreciation/ amortization, non-recurring items and other income or expense and tax. However, other companies may calculate operating EBITDA differently. Operating EBITDA is not intended to represent cash flows as defined by generally accepted accounting principles and should not be considered as an indicator of cash flow from operations. We have included information concerning Operating EBITDA in this press release because management and our board of directors use it as a measure of our performance. In addition, future investment and capital allocation decisions are based on Operating EBITDA. Investors and industry analysts use Operating EBITDA to measure the Company's performance compared to historic results and our peer group. The reconciliation between Operating EBITDA and net loss, the GAAP measure, is as follows:
RECONCILIATION FROM OPERATING EBITDA TO NET INCOME QUARTER ENDED JUNE 30, 2013
Non-GAAP operating expenses represent our operating expenses comprised of sales and marketing, product development and general and administrative expenses excluding depreciation and amortization. We have used non-GAAP operating expenses measure to compute our Operating EBITDA. A reconciliation of GAAP operating expenses to non-GAAP operating expenses is as follows:
RECONCILIATION FROM GAAP TO NON-GAAP OPERATING EXPENSES QUARTER ENDED JUNE 30, 2013
To view the attachments, please click on the link given below:
STATEMENT OF OPERATIONS QUARTER ENDED JUNE 30, 2013
RECONCILIATION FROM OPERATING EBITDA TO NET INCOME QUARTER ENDED JUNE 30, 2013
RECONCILIATION FROM GAAP TO NON-GAAP OPERATING EXPENSES QUARTER ENDED JUNE 30, 2013
For picture(s)/data to illustrate this release click below:
http://www.BusinessWireIndia.com/attachments/STATEMENT OF OPERATIONS (1).pdf
STATEMENT OF OPERATIONS QUARTER ENDED JUNE 30, 2013
http://www.BusinessWireIndia.com/attachments/RECONCILIATION FROM OPERATING EBITDA TO NET INCOME (2).pdf
RECONCILIATION FROM OPERATING EBITDA TO NET INCOME QUARTER ENDED JUNE 30, 2013
http://www.BusinessWireIndia.com/attachments/RECONCILIATION FROM GAAP TO NON-GAAP (3).pdf
RECONCILIATION FROM GAAP TO NON-GAAP OPERATING EXPENSES QUARTER ENDED JUNE 30, 2013
CONTACT DETAILS
Mandar Narvekar, Investor Relations and Corporate Affairs Contact, Rediff.com India Ltd, +91 (22) 61820000, investor@rediff.co.in
Glenn Wiener, GW Communications (U.S.A.), 212.786.6011, gwiener@GWCco.com
Jay Morakis, GW Communications (U.S.A.), 212.786.6037, jmorakis@GWCco.com
KEYWORDS
CONSUMER, ECONOMY, ENTERTAINMENT, PEOPLE, MARKETING, BANKING, BUSINESS SERVICES, Financial Analyst, IT, GROUPS, MEDIA, PUBLISHING, RETAIL, STOCK EXCHANGES, TECHNOLOGY
If you wish to change your Business Wire India selection please click on this link http://www.businesswireindia.com/media/news.asp and use your personal username and password to login.
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Source: Rediff.com India Ltd
Tuesday, July 30, 2013 04:15 PM IST (10:45 AM GMT)
Editors: General: Consumer interest, Economy, Entertainment, People; Business: Advertising, PR & marketing, Banking & financial services, Business services, Financial Analyst, Information technology, Major diversified industrial groups, Media & entertainment, Publishing & printing, Retailers, Stock exchanges; Technology
--------------------------------------------------
Correcting and Replacing: Rediff.Com Reports Results for the First Quarter Ended June 30, 2013
Mumbai, Maharashtra, India, Tuesday, July 30, 2013 -- (Business Wire India) -- Rediff.com, one of the premier online providers of news, information, communication, entertainment and shopping services to Indians worldwide, today announced results for its first quarter ended June 30, 2013.
The Company reported overall revenues for the 2013 first fiscal quarter of $4.11 million, a 12% increase as compared to $3.67 million reported in the 2012 first fiscal quarter.
For the three months ended June 30, 2013, the Company reported revenues from India Online of $3.37 million, an increase of approximately 21% over the corresponding quarter last fiscal year. Total India revenue, which includes online advertising revenues of $2.19 million and fee-based revenues of $1.18 million, increased approximately 14% and 27%, respectively as compared to the three months ended June 30, 2012. Within India fee-based revenue, fees from Online Marketplace grew 78%. Offsetting this growth were lower sales from the U.S. Publishing business, as the Company reported sales of $0.74 million as compared to $0.88 million for the comparable 2013 and 2012 fiscal first quarters.
"Amidst continued challenging economic conditions and the pressures of a weakening Rupee vs. the U.S. dollar, we have maintained a strong market presence throughout India and have seen many of our newer initiatives grow; particularly our online and local TV advertising business, as well as in Online Marketplace and Enterprises Email," said Ajit Balakrishnan, Chairman and Chief Executive Officer of Rediff.com.
Mr. Balakrishnan added "Our gross margins this quarter were 44%, compared to 32% for the same quarter last fiscal year. Additionally, in our Online Marketplace business, we successfully maintained a 12% positive product margin for the quarter and we continue to add vendors and SKU's to our offering. I believe our concentrated efforts on conserving cash will take us a step closer towards profitability, especially as our margins increase and our top-line grows."
The Company reported an Operating EBITDA loss of $1.47 million for the quarter ended June 30, 2013 as compared to an Operating EBITDA loss of $2.27 million in the comparable year-ago period.
Further details of Rediff.com's results for the first fiscal quarter ended June 30, 2013 are appended in tabular form to this press release. A script of the earnings results conference call held on July 30, 2013 will also be made available on Rediff's Investor Information website at investor.rediff.com.
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 or negatives 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 economies worldwide and in the sectors in which our clients are based, the slowdown in Internet and IT sectors worldwide, competition, the 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 and the widespread acceptance of the Internet as well as other risks detailed in the annual report on 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 U.S. 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.
TABLES FOLLOW
STATEMENT OF OPERATIONS QUARTER ENDED JUNE 30, 2013
Non-GAAP Measures Note
Operating EBITDA and non-GAAP operating expenses are the non-GAAP measures in this press release. These measurements are not recognized under generally accepted accounting principles ("GAAP").
Operating EBITDA represents loss from operations prior to adjustments for depreciation/ amortization, non-recurring items and other income or expense and tax. However, other companies may calculate operating EBITDA differently. Operating EBITDA is not intended to represent cash flows as defined by generally accepted accounting principles and should not be considered as an indicator of cash flow from operations. We have included information concerning Operating EBITDA in this press release because management and our board of directors use it as a measure of our performance. In addition, future investment and capital allocation decisions are based on Operating EBITDA. Investors and industry analysts use Operating EBITDA to measure the Company's performance compared to historic results and our peer group. The reconciliation between Operating EBITDA and net loss, the GAAP measure, is as follows:
RECONCILIATION FROM OPERATING EBITDA TO NET INCOME QUARTER ENDED JUNE 30, 2013
Non-GAAP operating expenses represent our operating expenses comprised of sales and marketing, product development and general and administrative expenses excluding depreciation and amortization. We have used non-GAAP operating expenses measure to compute our Operating EBITDA. A reconciliation of GAAP operating expenses to non-GAAP operating expenses is as follows:
RECONCILIATION FROM GAAP TO NON-GAAP OPERATING EXPENSES QUARTER ENDED JUNE 30, 2013
To view the attachments, please click on the link given below:
STATEMENT OF OPERATIONS QUARTER ENDED JUNE 30, 2013
RECONCILIATION FROM OPERATING EBITDA TO NET INCOME QUARTER ENDED JUNE 30, 2013
RECONCILIATION FROM GAAP TO NON-GAAP OPERATING EXPENSES QUARTER ENDED JUNE 30, 2013
For picture(s)/data to illustrate this release click below:
http://www.BusinessWireIndia.com/attachments/STATEMENT OF OPERATIONS (1).pdf
STATEMENT OF OPERATIONS QUARTER ENDED JUNE 30, 2013
http://www.BusinessWireIndia.com/attachments/RECONCILIATION FROM OPERATING EBITDA TO NET INCOME (2).pdf
RECONCILIATION FROM OPERATING EBITDA TO NET INCOME QUARTER ENDED JUNE 30, 2013
http://www.BusinessWireIndia.com/attachments/RECONCILIATION FROM GAAP TO NON-GAAP (3).pdf
RECONCILIATION FROM GAAP TO NON-GAAP OPERATING EXPENSES QUARTER ENDED JUNE 30, 2013
CONTACT DETAILS
Mandar Narvekar, Investor Relations and Corporate Affairs Contact, Rediff.com India Ltd, +91 (22) 61820000, investor@rediff.co.in
Glenn Wiener, GW Communications (U.S.A.), 212.786.6011, gwiener@GWCco.com
Jay Morakis, GW Communications (U.S.A.), 212.786.6037, jmorakis@GWCco.com
KEYWORDS
CONSUMER, ECONOMY, ENTERTAINMENT, PEOPLE, MARKETING, BANKING, BUSINESS SERVICES, Financial Analyst, IT, GROUPS, MEDIA, PUBLISHING, RETAIL, STOCK EXCHANGES, TECHNOLOGY
If you wish to change your Business Wire India selection please click on this link http://www.businesswireindia.com/media/news.asp and use your personal username and password to login.
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BWI: Polaris Posts Revenues of Rs. 584 Cr, EBITDA of Rs. 101 Cr in Q1 FY '13-14
Press release from Business Wire India
Source: Polaris Financial Technology Ltd.
Tuesday, July 30, 2013 05:15 PM IST (11:45 AM GMT)
Editors: General: Consumer interest, Economy; Business: Accounting & management consultancy services, Banking & financial services, Business services, Financial Analyst, Information technology, Stock exchanges; Technology
--------------------------------------------------
Polaris Posts Revenues of Rs. 584 Cr, EBITDA of Rs. 101 Cr in Q1 FY '13-14
Chennai, Tamil Nadu, India, Tuesday, July 30, 2013 -- (Business Wire India) -- Delivers Q-o-Q growth in midst of companywide restructuring
Polaris Financial Technology Ltd, a leader in products, solutions and services that enable unprecedented operational productivity for the global Financial Services industry, today announced its first quarter results for FY 2013-14.
Key Performance Metrics
For the quarter ended 30th June, 2013:
-- Quarter revenues grew by 5% Q-o-Q to Rs. 584 crore, from Rs 555 Cr
-- EBITDA grew by 9% Q-o-Q to Rs. 101 crore from Rs. 93 Crore
-- Profit After Tax (PAT) for the quarter stood at Rs. 43 crore
-- Cash and cash equivalents stood at Rs. 571 Crore at the end of the quarter, moving up from Rs. 329 Cr in the same quarter last year
-- DSO days improved significantly and stood at 59 days from 75 days in the same quarter last year, indicating strong collection efficiencies
-- FT Sourcing (Services) revenues stood at Rs. 450.32 Cr, contributing 77% of overall revenues. Three new FT Sourcing wins were recorded in this quarter. Gross margin for FT Sourcing (Services) stood at 31%
-- FT Intellect (Products) revenues stood at Rs. 133.49 Cr, contributing 23% of the overall revenues. Eight new Intellect wins were recorded in this quarter. Gross margin for FT Intellect (Products) stood at 52%.
*AS30 adjustments are done to neutralise the Forex impact of hedging on the top line. Polaris had an adverse impact of Rs. 15.85 Cr in Q1
Management Statement
Arun Jain, Founder, Chairman & CEO, Polaris Financial Technology Limited said, "As announced, we are in the midst of a company wide restructuring to a new organisation design. It has been a challenge to manage the changing paradigm, along with our growth agenda, investment agenda and profitability agenda. The team has still been able to drive some growth in top line and EBITDA margins, while managing structural change smoothly. This reflects Polaris Management's professionalism and the strong execution engine."
Nat Narayanasamy, Group CFO, Polaris Financial Technology Limited said, "Our relentless focus on operational efficiencies has resulted in the DSO days coming down to 59, compared to 75 days in the same quarter last year. Our cash position is at Rs. 571 Cr, up from Rs. 329 Cr in the same quarter last year. This represents an excellent war chest for fueling our inorganic growth strategy."
Financial Results for the First Quarter Ended June 30, 2013
Business Highlights for Quarter ended 30th June, 2013
1. Polaris announced its new organisation design signalling greater empowerment, agility and the potential to unlock enterprise value, while transitioning to an industry imperative of outcome-based solutions. The company's new structure divides its businesses into separate Services and Products divisions, led by independent CEO's. The restructuring exercise is across the organisation in terms of structure, people, processes and systems and represents radical change to orient the company around the customer. The company is a third of the way through the process and expects to complete it in the next Quarter.
2. The company had launched FT 8012, the world's first Design Center, dedicated to Financial Technology in March 2013. In the last quarter, delegations from 12 customer organisations have visited the center to explore possibilities of collaborative research towards driving high operational productivity. The center is receiving recognition as the ideal place to conduct workshops for the design of custom made solutions that are transformational for the Financial Services industry.
3. Polaris expanded its presence to Columbus by launching its new office in Ohio. The new office on Columbus' Polaris Parkway will strengthen existing client relationships and will help demonstrate Polaris' expertise and leadership in the BFSI sector.
FT Sourcing (Services)
Polaris' FT Sourcing Quarter revenues were distributed across all key business geographies with the Americas contributing 53%, Europe 21%, India 6% and Rest of the World 20%. The quarter saw three significant deals in the FT Sourcing space. They are:
-- One of the world's leading Financial & Trading Institution based out of North America has awarded Polaris the conceptualisation, design and development of one of their strategic IT initiatives around Data Warehousing and Global Portals
-- One of America's oldest commercial banks signed up Polaris' services to define the next generation architecture and roadmap for its multi-channel account opening platform. The new platform would support it's retail and business banking clients and enable seamless account opening and on-boarding across online banking, mobile, contact centres and tablets.
-- A leading boutique testing company in UK with clients across the Banking, Financial Services and Manufacturing sector chose Polaris' services to implement its test strategy
FT Intellect (Products)
Polaris' Intellect Quarter revenues were distributed across all key geographies with the Americas contributing 17%, Europe 30%, India 13% and Rest of the World 40%. The quarter saw eight wins for Polaris' Intellect products and very successful implementations, testimony to Intellect's superior architecture and rich functionality.
-- Nationwide Financial, one of the leading providers of Life Insurance in the US, chose Polaris' Intellect Claims solution, for its flexibility in configuring claims processes and setting up role based work stations, thereby providing superior customer experience
-- Intellect Funds Control was implemented in a major global financial services provider, headquartered in the UK and engaged in corporate, investment, wealth, personal banking and credit cards, driving high degree of operational efficiencies.
-- National Bank of Abu Dhabi (NBAD), one of the largest financial institutions in the Middle-East with a rich international network stretching across five continents, chose Polaris to implement a separate instance of its Intellect CBX for the management of its pre-paid card system in order to better manage the bank's payroll processing accounts.The bank also upgraded the existing Intellect CBX to the latest version 3.0 with multi-country enablement, to serve as a single platform for all its transactions.
-- UCO Bank, one of the oldest and leading commercial banks in India, with over $30 Billion in Assets and over 2500 Branches, chose Polaris' Intellect Treasury Solution. Polaris' solution will cater to the bank's treasury operations covering Domestic and Forex treasury functions across front, middle and back office with a single database & balance sheet.
-- Ahli Bank, a leading Qatar based global financial institution, chose Polaris' Intellect CBX as a single platform for their retail, corporate and mobile banking systems.The bank provides a range of tailored products and services to its customers and corporates in the Qatari market.
-- Sonali Bank Limited, the largest state owned commercial bank in Bangladesh went live with Polaris' state-of-the-art Intellect Core Banking Solution (CBS), which offered the bank superior core banking functionality and rich user experience. This implementation will amplify the footprint of Polaris in the Bangladesh market as the only local Financial Technology leader.
-- The Andhra Pradesh State Co-operative Bank Limited (APCOB), a scheduled state Co-operative Bank, committed to agricultural and rural development through the Co-operatives, went live with Polaris' Intellect Core Banking Solution (CBS) in all its 22 affiliated District Central Cooperative Banks (DCCBs) and 616 branches spread across the state. The bank chose Polaris to improve its operational efficiency in rural credit dispensation and also provide the competitive edge essential for future business growth.
Awards and Recognitions
Polaris has consistently been recognized and awarded by analysts and other industry influencers. Some of the recognitions received in the last quarter are:
-- Polaris won three prestigious Technology Implementation Awards at the Asian Banker Summit 2013 held in Jakarta, Indonesia. They were:
- The 'Best Central Bank Technology Project' award for its implementation at the Reserve Bank of India (RBI) for providing the bank superior functional coverage and future ready architecture with the capability of handling 100 million transactions per day
- The 'Best Cross Border Core Banking Project' award for its implementation at Saigon Hanoi Bank (SHB), for expanding the bank's operations cross border into the two neighboring countries of Cambodia and Laos
- The 'Best Lending Platform Project' award for its implementation at Abu Dhabi Commercial Bank (ADCB), that enabled the bank to enhance product offerings and customer servicing levels, and simplify operations of the retail lending portfolio
-- Forrester's Report featured Polaris' Intellect as one among the 'Successful Vendors of Choice' in UK, US, India & Philippines and one of the top five Global Vendors in the most active countries of the World
-- Polaris' Intellect SEEC was featured among Global Insurance vendors and recognised as a Global Portal provider with a broader set of insurance specific capabilities and robust functionality in TowerGroup/CEB's report
-- TowerGroup/CEB's report featured Polaris FT among leading Global Retail Banking Outsourcing Technology Providers who will play a key role in deploying technology initiatives to its banking clients partners
-- Polaris' Intellect Treasury was rated among the global best in TiMS -Treasury Information Management Systems in an Aite Group Report. Aite in its report stated: "Polaris Intellect Treasury primarily targets banks' treasuries and presents different strategies for different segments and is focused on pushing the system across all segments."
-- Polaris' Intellect FABX was rated among Best Global Four and classified in the elite category of providers with 'Extraordinary Capabilities' providing mobile applications by MyPrivateBanking's report. The report stated: "Overall FABX for iPad is one of the best and most user-friendly solutions in our vendor analysis."
Investor Conference Call
The Board of Directors of Polaris Financial Technology Limited met on 30th July 2013, to take on record the financial results of the company for the First quarter ended June 30, 2013.
Polaris Financial Technology Ltd will host an Investors Conference Call on 30th July 2013, where the Senior Management of Polaris will comment on the company's performance during the First Quarter ended June 30, 2013 and respond to the questions from participants. The conference call will take place at 17:00 Hrs IST on Tuesday, 30th July, 2013.
The dial-in numbers to join the conference call:
Conference Name: Polaris Investor Earnings call for Q1 FY2013-14
Date: 30th July, 2013
Time: 17:00 HRS IST
Conference ID: 21499414
ACCESS NUMBERS
MUMBAI: Primary Access Toll Number: 02230360400
BANGALORE: Primary Access Toll Number: 08030360400
DELHI: Primary Access Toll Number: 01130360400
CHENNAI: Primary Access Toll Number: 04430360400
INDIA: Primary Access Toll free Number: 186030131313
HONK KONG: Primary Access Toll free Number: 800901420
SINGAPORE: Primary Access Toll free Number: 8001011906
US and Canada: Primary Access Toll free Number: 18663944523
UK: Primary Access Toll free Number: 08081681758
International Dial in Number: +91 2230360400
REPLAY: [30th July 2013 to 1st August 2013]
Replay ID/Conference #: 21499414
Primary Access Number: 02230360400
About Polaris Financial Technology Ltd
Polaris Financial Technology Limited is a global leader in Financial Technology for Banking, Insurance and other Financial Services. With over 25 years of expertise in building a comprehensive portfolio of products, smart legacy modernization services and consulting, Polaris owns the largest set of Intellectual Properties for a comprehensive product suite, Intellect® Global Universal Banking (GUB) M180. Intellect® is the world's first pure play Service Oriented Architecture (SOA) based application suite for Retail, Corporate, Investment banking and Insurance. Its acclaimed products, solutions and services enable unprecedented operational productivity for the global Financial Services Industry by Building, Maintaining, Expanding and Extending highly complex and Integrated Financial Technology Infrastructure. This makes Polaris the chosen partner for 9 of the top 10 global banks and 7 of the top 10 global insurance companies. The company has a global presence through its 40 relationship offices across 30 countries, 6 international development centers and 8 fully owned Business Solution centers. Polaris has a talent strength of over 13,000 solution architects, domain and technology experts. For more information, please visit http://www.polarisFT.com/
To view the result, please click on the link given below:
Financial Results for the First Quarter Ended June 30, 2013
For picture(s)/data to illustrate this release click below:
http://www.BusinessWireIndia.com/attachments/Financial Results for the First Quarter Ended June 30, 2013.pdf
Financial Results for the First Quarter Ended June 30, 2013
CONTACT DETAILS
Nachu Nagappan, Media Relations, Polaris Financial Technology Ltd., +91 8939619676, nachu.nagappan@polarisFT.com
G. Sunanthy Devi, Investor Relations, Polaris Financial Technology Ltd, +91 8939933564, sunanthy.g@polarisFT.com
KEYWORDS
CONSUMER, ECONOMY, CONSULTANCY SERVICES, BANKING, BUSINESS SERVICES, Financial Analyst, IT, STOCK EXCHANGES, TECHNOLOGY
If you wish to change your Business Wire India selection please click on this link http://www.businesswireindia.com/media/news.asp and use your personal username and password to login.
Submit your press release at http://www.businesswireindia.com
Source: Polaris Financial Technology Ltd.
Tuesday, July 30, 2013 05:15 PM IST (11:45 AM GMT)
Editors: General: Consumer interest, Economy; Business: Accounting & management consultancy services, Banking & financial services, Business services, Financial Analyst, Information technology, Stock exchanges; Technology
--------------------------------------------------
Polaris Posts Revenues of Rs. 584 Cr, EBITDA of Rs. 101 Cr in Q1 FY '13-14
Chennai, Tamil Nadu, India, Tuesday, July 30, 2013 -- (Business Wire India) -- Delivers Q-o-Q growth in midst of companywide restructuring
Polaris Financial Technology Ltd, a leader in products, solutions and services that enable unprecedented operational productivity for the global Financial Services industry, today announced its first quarter results for FY 2013-14.
Key Performance Metrics
For the quarter ended 30th June, 2013:
-- Quarter revenues grew by 5% Q-o-Q to Rs. 584 crore, from Rs 555 Cr
-- EBITDA grew by 9% Q-o-Q to Rs. 101 crore from Rs. 93 Crore
-- Profit After Tax (PAT) for the quarter stood at Rs. 43 crore
-- Cash and cash equivalents stood at Rs. 571 Crore at the end of the quarter, moving up from Rs. 329 Cr in the same quarter last year
-- DSO days improved significantly and stood at 59 days from 75 days in the same quarter last year, indicating strong collection efficiencies
-- FT Sourcing (Services) revenues stood at Rs. 450.32 Cr, contributing 77% of overall revenues. Three new FT Sourcing wins were recorded in this quarter. Gross margin for FT Sourcing (Services) stood at 31%
-- FT Intellect (Products) revenues stood at Rs. 133.49 Cr, contributing 23% of the overall revenues. Eight new Intellect wins were recorded in this quarter. Gross margin for FT Intellect (Products) stood at 52%.
*AS30 adjustments are done to neutralise the Forex impact of hedging on the top line. Polaris had an adverse impact of Rs. 15.85 Cr in Q1
Management Statement
Arun Jain, Founder, Chairman & CEO, Polaris Financial Technology Limited said, "As announced, we are in the midst of a company wide restructuring to a new organisation design. It has been a challenge to manage the changing paradigm, along with our growth agenda, investment agenda and profitability agenda. The team has still been able to drive some growth in top line and EBITDA margins, while managing structural change smoothly. This reflects Polaris Management's professionalism and the strong execution engine."
Nat Narayanasamy, Group CFO, Polaris Financial Technology Limited said, "Our relentless focus on operational efficiencies has resulted in the DSO days coming down to 59, compared to 75 days in the same quarter last year. Our cash position is at Rs. 571 Cr, up from Rs. 329 Cr in the same quarter last year. This represents an excellent war chest for fueling our inorganic growth strategy."
Financial Results for the First Quarter Ended June 30, 2013
Business Highlights for Quarter ended 30th June, 2013
1. Polaris announced its new organisation design signalling greater empowerment, agility and the potential to unlock enterprise value, while transitioning to an industry imperative of outcome-based solutions. The company's new structure divides its businesses into separate Services and Products divisions, led by independent CEO's. The restructuring exercise is across the organisation in terms of structure, people, processes and systems and represents radical change to orient the company around the customer. The company is a third of the way through the process and expects to complete it in the next Quarter.
2. The company had launched FT 8012, the world's first Design Center, dedicated to Financial Technology in March 2013. In the last quarter, delegations from 12 customer organisations have visited the center to explore possibilities of collaborative research towards driving high operational productivity. The center is receiving recognition as the ideal place to conduct workshops for the design of custom made solutions that are transformational for the Financial Services industry.
3. Polaris expanded its presence to Columbus by launching its new office in Ohio. The new office on Columbus' Polaris Parkway will strengthen existing client relationships and will help demonstrate Polaris' expertise and leadership in the BFSI sector.
FT Sourcing (Services)
Polaris' FT Sourcing Quarter revenues were distributed across all key business geographies with the Americas contributing 53%, Europe 21%, India 6% and Rest of the World 20%. The quarter saw three significant deals in the FT Sourcing space. They are:
-- One of the world's leading Financial & Trading Institution based out of North America has awarded Polaris the conceptualisation, design and development of one of their strategic IT initiatives around Data Warehousing and Global Portals
-- One of America's oldest commercial banks signed up Polaris' services to define the next generation architecture and roadmap for its multi-channel account opening platform. The new platform would support it's retail and business banking clients and enable seamless account opening and on-boarding across online banking, mobile, contact centres and tablets.
-- A leading boutique testing company in UK with clients across the Banking, Financial Services and Manufacturing sector chose Polaris' services to implement its test strategy
FT Intellect (Products)
Polaris' Intellect Quarter revenues were distributed across all key geographies with the Americas contributing 17%, Europe 30%, India 13% and Rest of the World 40%. The quarter saw eight wins for Polaris' Intellect products and very successful implementations, testimony to Intellect's superior architecture and rich functionality.
-- Nationwide Financial, one of the leading providers of Life Insurance in the US, chose Polaris' Intellect Claims solution, for its flexibility in configuring claims processes and setting up role based work stations, thereby providing superior customer experience
-- Intellect Funds Control was implemented in a major global financial services provider, headquartered in the UK and engaged in corporate, investment, wealth, personal banking and credit cards, driving high degree of operational efficiencies.
-- National Bank of Abu Dhabi (NBAD), one of the largest financial institutions in the Middle-East with a rich international network stretching across five continents, chose Polaris to implement a separate instance of its Intellect CBX for the management of its pre-paid card system in order to better manage the bank's payroll processing accounts.The bank also upgraded the existing Intellect CBX to the latest version 3.0 with multi-country enablement, to serve as a single platform for all its transactions.
-- UCO Bank, one of the oldest and leading commercial banks in India, with over $30 Billion in Assets and over 2500 Branches, chose Polaris' Intellect Treasury Solution. Polaris' solution will cater to the bank's treasury operations covering Domestic and Forex treasury functions across front, middle and back office with a single database & balance sheet.
-- Ahli Bank, a leading Qatar based global financial institution, chose Polaris' Intellect CBX as a single platform for their retail, corporate and mobile banking systems.The bank provides a range of tailored products and services to its customers and corporates in the Qatari market.
-- Sonali Bank Limited, the largest state owned commercial bank in Bangladesh went live with Polaris' state-of-the-art Intellect Core Banking Solution (CBS), which offered the bank superior core banking functionality and rich user experience. This implementation will amplify the footprint of Polaris in the Bangladesh market as the only local Financial Technology leader.
-- The Andhra Pradesh State Co-operative Bank Limited (APCOB), a scheduled state Co-operative Bank, committed to agricultural and rural development through the Co-operatives, went live with Polaris' Intellect Core Banking Solution (CBS) in all its 22 affiliated District Central Cooperative Banks (DCCBs) and 616 branches spread across the state. The bank chose Polaris to improve its operational efficiency in rural credit dispensation and also provide the competitive edge essential for future business growth.
Awards and Recognitions
Polaris has consistently been recognized and awarded by analysts and other industry influencers. Some of the recognitions received in the last quarter are:
-- Polaris won three prestigious Technology Implementation Awards at the Asian Banker Summit 2013 held in Jakarta, Indonesia. They were:
- The 'Best Central Bank Technology Project' award for its implementation at the Reserve Bank of India (RBI) for providing the bank superior functional coverage and future ready architecture with the capability of handling 100 million transactions per day
- The 'Best Cross Border Core Banking Project' award for its implementation at Saigon Hanoi Bank (SHB), for expanding the bank's operations cross border into the two neighboring countries of Cambodia and Laos
- The 'Best Lending Platform Project' award for its implementation at Abu Dhabi Commercial Bank (ADCB), that enabled the bank to enhance product offerings and customer servicing levels, and simplify operations of the retail lending portfolio
-- Forrester's Report featured Polaris' Intellect as one among the 'Successful Vendors of Choice' in UK, US, India & Philippines and one of the top five Global Vendors in the most active countries of the World
-- Polaris' Intellect SEEC was featured among Global Insurance vendors and recognised as a Global Portal provider with a broader set of insurance specific capabilities and robust functionality in TowerGroup/CEB's report
-- TowerGroup/CEB's report featured Polaris FT among leading Global Retail Banking Outsourcing Technology Providers who will play a key role in deploying technology initiatives to its banking clients partners
-- Polaris' Intellect Treasury was rated among the global best in TiMS -Treasury Information Management Systems in an Aite Group Report. Aite in its report stated: "Polaris Intellect Treasury primarily targets banks' treasuries and presents different strategies for different segments and is focused on pushing the system across all segments."
-- Polaris' Intellect FABX was rated among Best Global Four and classified in the elite category of providers with 'Extraordinary Capabilities' providing mobile applications by MyPrivateBanking's report. The report stated: "Overall FABX for iPad is one of the best and most user-friendly solutions in our vendor analysis."
Investor Conference Call
The Board of Directors of Polaris Financial Technology Limited met on 30th July 2013, to take on record the financial results of the company for the First quarter ended June 30, 2013.
Polaris Financial Technology Ltd will host an Investors Conference Call on 30th July 2013, where the Senior Management of Polaris will comment on the company's performance during the First Quarter ended June 30, 2013 and respond to the questions from participants. The conference call will take place at 17:00 Hrs IST on Tuesday, 30th July, 2013.
The dial-in numbers to join the conference call:
Conference Name: Polaris Investor Earnings call for Q1 FY2013-14
Date: 30th July, 2013
Time: 17:00 HRS IST
Conference ID: 21499414
ACCESS NUMBERS
MUMBAI: Primary Access Toll Number: 02230360400
BANGALORE: Primary Access Toll Number: 08030360400
DELHI: Primary Access Toll Number: 01130360400
CHENNAI: Primary Access Toll Number: 04430360400
INDIA: Primary Access Toll free Number: 186030131313
HONK KONG: Primary Access Toll free Number: 800901420
SINGAPORE: Primary Access Toll free Number: 8001011906
US and Canada: Primary Access Toll free Number: 18663944523
UK: Primary Access Toll free Number: 08081681758
International Dial in Number: +91 2230360400
REPLAY: [30th July 2013 to 1st August 2013]
Replay ID/Conference #: 21499414
Primary Access Number: 02230360400
About Polaris Financial Technology Ltd
Polaris Financial Technology Limited is a global leader in Financial Technology for Banking, Insurance and other Financial Services. With over 25 years of expertise in building a comprehensive portfolio of products, smart legacy modernization services and consulting, Polaris owns the largest set of Intellectual Properties for a comprehensive product suite, Intellect® Global Universal Banking (GUB) M180. Intellect® is the world's first pure play Service Oriented Architecture (SOA) based application suite for Retail, Corporate, Investment banking and Insurance. Its acclaimed products, solutions and services enable unprecedented operational productivity for the global Financial Services Industry by Building, Maintaining, Expanding and Extending highly complex and Integrated Financial Technology Infrastructure. This makes Polaris the chosen partner for 9 of the top 10 global banks and 7 of the top 10 global insurance companies. The company has a global presence through its 40 relationship offices across 30 countries, 6 international development centers and 8 fully owned Business Solution centers. Polaris has a talent strength of over 13,000 solution architects, domain and technology experts. For more information, please visit http://www.polarisFT.com/
To view the result, please click on the link given below:
Financial Results for the First Quarter Ended June 30, 2013
For picture(s)/data to illustrate this release click below:
http://www.BusinessWireIndia.com/attachments/Financial Results for the First Quarter Ended June 30, 2013.pdf
Financial Results for the First Quarter Ended June 30, 2013
CONTACT DETAILS
Nachu Nagappan, Media Relations, Polaris Financial Technology Ltd., +91 8939619676, nachu.nagappan@polarisFT.com
G. Sunanthy Devi, Investor Relations, Polaris Financial Technology Ltd, +91 8939933564, sunanthy.g@polarisFT.com
KEYWORDS
CONSUMER, ECONOMY, CONSULTANCY SERVICES, BANKING, BUSINESS SERVICES, Financial Analyst, IT, STOCK EXCHANGES, TECHNOLOGY
If you wish to change your Business Wire India selection please click on this link http://www.businesswireindia.com/media/news.asp and use your personal username and password to login.
Submit your press release at http://www.businesswireindia.com
BWI: Rediff.Com Reports Results for the First Quarter Ended June 30, 2013
Press release from Business Wire India
Source: Rediff.com India Ltd
Tuesday, July 30, 2013 04:15 PM IST (10:45 AM GMT)
Editors: General: Consumer interest, Economy, Entertainment, People; Business: Advertising, PR & marketing, Banking & financial services, Business services, Financial Analyst, Information technology, Major diversified industrial groups, Media & entertainment, Publishing & printing, Retailers, Stock exchanges; Technology
--------------------------------------------------
Rediff.Com Reports Results for the First Quarter Ended June 30, 2013
Mumbai, Maharashtra, India, Tuesday, July 30, 2013 -- (Business Wire India) -- Rediff.com, one of the premier online providers of news, information, communication, entertainment and shopping services to Indians worldwide, today announced results for its first quarter ended June 30, 2013.
The Company reported overall revenues for the 2013 first fiscal quarter of $4.11 million, a 12% increase as compared to $3.67 million reported in the 2012 first fiscal quarter.
For the three months ended June 30, 2013, the Company reported revenues from India Online of $3.37 million, an increase of approximately 21% over the corresponding quarter last fiscal year. Total India revenue, which includes online advertising revenues of $2.19 million and fee-based revenues of $1.18 million, increased approximately 14% and 27%, respectively as compared to the three months ended June 30, 2012. Within India fee-based revenue, fees from Online Marketplace grew 78%. Offsetting this growth were lower sales from the U.S. Publishing business, as the Company reported sales of $0.74 million as compared to $0.88 million for the comparable 2013 and 2012 fiscal first quarters.
"Amidst continued challenging economic conditions and the pressures of a weakening Rupee vs. the U.S. dollar, we have maintained a strong market presence throughout India and have seen many of our newer initiatives grow; particularly our online and local TV advertising business, as well as in Online Marketplace and Enterprises Email," said Ajit Balakrishnan, Chairman and Chief Executive Officer of Rediff.com.
Mr. Balakrishnan added "We are managing our cash effectively, both in terms of our capital investments and ongoing expenses, and as a result, saw a 50% lower cash utilisation this quarter compared to the sequential quarter ended March 31, 2013. Enhancing our margin structure remains one of our key priorities and we have seen a consistent increase in our gross profit margins over the past five quarters. Our gross margins this quarter were 44%, compared to 32% for the same quarter last fiscal year. Additionally, in our Online Marketplace business, we successfully maintained a 12% positive product margin for the quarter and we continue to add vendors and SKU's to our offering. I believe our concentrated efforts on conserving cash will take us a step closer towards profitability, especially as our margins increase and our top-line grows."
The Company reported an Operating EBITDA loss of $1.47 million for the quarter ended June 30, 2013 as compared to an Operating EBITDA loss of $2.27 million in the comparable year-ago period.
Further details of Rediff.com's results for the first fiscal quarter ended June 30, 2013 are appended in tabular form to this press release. A script of the earnings results conference call held on July 30, 2013 will also be made available on Rediff's Investor Information website at investor.rediff.com.
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 or negatives 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 economies worldwide and in the sectors in which our clients are based, the slowdown in Internet and IT sectors worldwide, competition, the 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 and the widespread acceptance of the Internet as well as other risks detailed in the annual report on 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 U.S. 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.
TABLES FOLLOW
STATEMENT OF OPERATIONS QUARTER ENDED JUNE 30, 2013
Non-GAAP Measures Note
Operating EBITDA and non-GAAP operating expenses are the non-GAAP measures in this press release. These measurements are not recognized under generally accepted accounting principles ("GAAP").
Operating EBITDA represents loss from operations prior to adjustments for depreciation/ amortization, non-recurring items and other income or expense and tax. However, other companies may calculate operating EBITDA differently. Operating EBITDA is not intended to represent cash flows as defined by generally accepted accounting principles and should not be considered as an indicator of cash flow from operations. We have included information concerning Operating EBITDA in this press release because management and our board of directors use it as a measure of our performance. In addition, future investment and capital allocation decisions are based on Operating EBITDA. Investors and industry analysts use Operating EBITDA to measure the Company's performance compared to historic results and our peer group. The reconciliation between Operating EBITDA and net loss, the GAAP measure, is as follows:
RECONCILIATION FROM OPERATING EBITDA TO NET INCOME QUARTER ENDED JUNE 30, 2013
Non-GAAP operating expenses represent our operating expenses comprised of sales and marketing, product development and general and administrative expenses excluding depreciation and amortization. We have used non-GAAP operating expenses measure to compute our Operating EBITDA. A reconciliation of GAAP operating expenses to non-GAAP operating expenses is as follows:
RECONCILIATION FROM GAAP TO NON-GAAP OPERATING EXPENSES QUARTER ENDED JUNE 30, 2013
To view the attachments, please click on the link given below:
STATEMENT OF OPERATIONS QUARTER ENDED JUNE 30, 2013
RECONCILIATION FROM OPERATING EBITDA TO NET INCOME QUARTER ENDED JUNE 30, 2013
RECONCILIATION FROM GAAP TO NON-GAAP OPERATING EXPENSES QUARTER ENDED JUNE 30, 2013
For picture(s)/data to illustrate this release click below:
http://www.BusinessWireIndia.com/attachments/STATEMENT OF OPERATIONS (1).pdf
STATEMENT OF OPERATIONS QUARTER ENDED JUNE 30, 2013
http://www.BusinessWireIndia.com/attachments/RECONCILIATION FROM OPERATING EBITDA TO NET INCOME (2).pdf
RECONCILIATION FROM OPERATING EBITDA TO NET INCOME QUARTER ENDED JUNE 30, 2013
http://www.BusinessWireIndia.com/attachments/RECONCILIATION FROM GAAP TO NON-GAAP (3).pdf
RECONCILIATION FROM GAAP TO NON-GAAP OPERATING EXPENSES QUARTER ENDED JUNE 30, 2013
CONTACT DETAILS
Mandar Narvekar, Investor Relations and Corporate Affairs Contact, Rediff.com India Ltd, +91 (22) 61820000, investor@rediff.co.in
Glenn Wiener, GW Communications (U.S.A.), 212.786.6011, gwiener@GWCco.com
Jay Morakis, GW Communications (U.S.A.), 212.786.6037, jmorakis@GWCco.com
KEYWORDS
CONSUMER, ECONOMY, ENTERTAINMENT, PEOPLE, MARKETING, BANKING, BUSINESS SERVICES, Financial Analyst, IT, GROUPS, MEDIA, PUBLISHING, RETAIL, STOCK EXCHANGES, TECHNOLOGY
If you wish to change your Business Wire India selection please click on this link http://www.businesswireindia.com/media/news.asp and use your personal username and password to login.
Submit your press release at http://www.businesswireindia.com
Source: Rediff.com India Ltd
Tuesday, July 30, 2013 04:15 PM IST (10:45 AM GMT)
Editors: General: Consumer interest, Economy, Entertainment, People; Business: Advertising, PR & marketing, Banking & financial services, Business services, Financial Analyst, Information technology, Major diversified industrial groups, Media & entertainment, Publishing & printing, Retailers, Stock exchanges; Technology
--------------------------------------------------
Rediff.Com Reports Results for the First Quarter Ended June 30, 2013
Mumbai, Maharashtra, India, Tuesday, July 30, 2013 -- (Business Wire India) -- Rediff.com, one of the premier online providers of news, information, communication, entertainment and shopping services to Indians worldwide, today announced results for its first quarter ended June 30, 2013.
The Company reported overall revenues for the 2013 first fiscal quarter of $4.11 million, a 12% increase as compared to $3.67 million reported in the 2012 first fiscal quarter.
For the three months ended June 30, 2013, the Company reported revenues from India Online of $3.37 million, an increase of approximately 21% over the corresponding quarter last fiscal year. Total India revenue, which includes online advertising revenues of $2.19 million and fee-based revenues of $1.18 million, increased approximately 14% and 27%, respectively as compared to the three months ended June 30, 2012. Within India fee-based revenue, fees from Online Marketplace grew 78%. Offsetting this growth were lower sales from the U.S. Publishing business, as the Company reported sales of $0.74 million as compared to $0.88 million for the comparable 2013 and 2012 fiscal first quarters.
"Amidst continued challenging economic conditions and the pressures of a weakening Rupee vs. the U.S. dollar, we have maintained a strong market presence throughout India and have seen many of our newer initiatives grow; particularly our online and local TV advertising business, as well as in Online Marketplace and Enterprises Email," said Ajit Balakrishnan, Chairman and Chief Executive Officer of Rediff.com.
Mr. Balakrishnan added "We are managing our cash effectively, both in terms of our capital investments and ongoing expenses, and as a result, saw a 50% lower cash utilisation this quarter compared to the sequential quarter ended March 31, 2013. Enhancing our margin structure remains one of our key priorities and we have seen a consistent increase in our gross profit margins over the past five quarters. Our gross margins this quarter were 44%, compared to 32% for the same quarter last fiscal year. Additionally, in our Online Marketplace business, we successfully maintained a 12% positive product margin for the quarter and we continue to add vendors and SKU's to our offering. I believe our concentrated efforts on conserving cash will take us a step closer towards profitability, especially as our margins increase and our top-line grows."
The Company reported an Operating EBITDA loss of $1.47 million for the quarter ended June 30, 2013 as compared to an Operating EBITDA loss of $2.27 million in the comparable year-ago period.
Further details of Rediff.com's results for the first fiscal quarter ended June 30, 2013 are appended in tabular form to this press release. A script of the earnings results conference call held on July 30, 2013 will also be made available on Rediff's Investor Information website at investor.rediff.com.
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 or negatives 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 economies worldwide and in the sectors in which our clients are based, the slowdown in Internet and IT sectors worldwide, competition, the 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 and the widespread acceptance of the Internet as well as other risks detailed in the annual report on 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 U.S. 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.
TABLES FOLLOW
STATEMENT OF OPERATIONS QUARTER ENDED JUNE 30, 2013
Non-GAAP Measures Note
Operating EBITDA and non-GAAP operating expenses are the non-GAAP measures in this press release. These measurements are not recognized under generally accepted accounting principles ("GAAP").
Operating EBITDA represents loss from operations prior to adjustments for depreciation/ amortization, non-recurring items and other income or expense and tax. However, other companies may calculate operating EBITDA differently. Operating EBITDA is not intended to represent cash flows as defined by generally accepted accounting principles and should not be considered as an indicator of cash flow from operations. We have included information concerning Operating EBITDA in this press release because management and our board of directors use it as a measure of our performance. In addition, future investment and capital allocation decisions are based on Operating EBITDA. Investors and industry analysts use Operating EBITDA to measure the Company's performance compared to historic results and our peer group. The reconciliation between Operating EBITDA and net loss, the GAAP measure, is as follows:
RECONCILIATION FROM OPERATING EBITDA TO NET INCOME QUARTER ENDED JUNE 30, 2013
Non-GAAP operating expenses represent our operating expenses comprised of sales and marketing, product development and general and administrative expenses excluding depreciation and amortization. We have used non-GAAP operating expenses measure to compute our Operating EBITDA. A reconciliation of GAAP operating expenses to non-GAAP operating expenses is as follows:
RECONCILIATION FROM GAAP TO NON-GAAP OPERATING EXPENSES QUARTER ENDED JUNE 30, 2013
To view the attachments, please click on the link given below:
STATEMENT OF OPERATIONS QUARTER ENDED JUNE 30, 2013
RECONCILIATION FROM OPERATING EBITDA TO NET INCOME QUARTER ENDED JUNE 30, 2013
RECONCILIATION FROM GAAP TO NON-GAAP OPERATING EXPENSES QUARTER ENDED JUNE 30, 2013
For picture(s)/data to illustrate this release click below:
http://www.BusinessWireIndia.com/attachments/STATEMENT OF OPERATIONS (1).pdf
STATEMENT OF OPERATIONS QUARTER ENDED JUNE 30, 2013
http://www.BusinessWireIndia.com/attachments/RECONCILIATION FROM OPERATING EBITDA TO NET INCOME (2).pdf
RECONCILIATION FROM OPERATING EBITDA TO NET INCOME QUARTER ENDED JUNE 30, 2013
http://www.BusinessWireIndia.com/attachments/RECONCILIATION FROM GAAP TO NON-GAAP (3).pdf
RECONCILIATION FROM GAAP TO NON-GAAP OPERATING EXPENSES QUARTER ENDED JUNE 30, 2013
CONTACT DETAILS
Mandar Narvekar, Investor Relations and Corporate Affairs Contact, Rediff.com India Ltd, +91 (22) 61820000, investor@rediff.co.in
Glenn Wiener, GW Communications (U.S.A.), 212.786.6011, gwiener@GWCco.com
Jay Morakis, GW Communications (U.S.A.), 212.786.6037, jmorakis@GWCco.com
KEYWORDS
CONSUMER, ECONOMY, ENTERTAINMENT, PEOPLE, MARKETING, BANKING, BUSINESS SERVICES, Financial Analyst, IT, GROUPS, MEDIA, PUBLISHING, RETAIL, STOCK EXCHANGES, TECHNOLOGY
If you wish to change your Business Wire India selection please click on this link http://www.businesswireindia.com/media/news.asp and use your personal username and password to login.
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BWI: Taiwan Excellence Cares Announces Launch of Stage 2
Press release from Business Wire India
Source: Taiwan Excellence Cares
Tuesday, July 30, 2013 02:44 PM IST (09:14 AM GMT)
Editors: General: Consumer interest, Social issues; Business: Business services, Media & entertainment
--------------------------------------------------
Taiwan Excellence Cares Announces Launch of Stage 2
More than US$45,000 will be donated for Children Welfare
Mumbai, Maharashtra, India, Tuesday, July 30, 2013 -- (Business Wire India) -- -- More than 56,000 people in Asia participated in Stage 1
-- A total amount of US$45,424 will be donated to World Vision to help children in need; Of this, US$10,000 will be for the welfare of children in India
-- Top 20 participants are entitled to submit a charity proposal for Stage 2 and an opportunity to win a free trip to Taipei as well as a prize of US$2,000
Taiwan External Trade Development Council (TAITRA) had recently launched the Taiwan Excellence Cares campaign, the first CSR and charity project across Asia by Taiwan Excellence. TAITRA has now announced the successful conclusion of Stage 1 of its Big Idea - "Connecting Love" - with 56,650 sign-ups from Taiwan, Mainland China, India, Indonesia and Vietnam. This marks another successful year of promoting Taiwan Excellence products in Asia. A total of US$45,424 will be donated to the humanitarian organization, World Vision (www.worldvision.org), across these countries to help local children in need.
Organized by the Bureau of Foreign Trade (BOFT), Taiwan Excellence Cares aims to promote Taiwan Excellence in a creative yet charitable way. Taiwan Excellence will donate as many US dollars as the number of sign-ups (up to a maximum of US$10,000 per country) to World Vision in early August. Through the "You sign up, We donate" program in Stage 1, a total of 16,854 sign-ups were achieved in Mainland China; 14,336 in India; 9,269 in Vietnam; 6,155 in Indonesia and, most surprisingly, 10,036 in Taiwan in 3 weeks. The top 20 participants from each country, who made the most number of referrals, will be announced on the official website (www.taiwanexcellencecares.com). These participants are entitled to progress to Stage 2 - "Vote for Love" - by sharing their creative charity proposals and putting them up for public voting. The final three contestants will have an opportunity to win a free trip to Taipei and a prize of US$2,000.
In an effort to maximize the charity amount in India, Taiwan Excellence organized on-ground and online promotional activities to spread word and encourage participation in the "You sign up, We donate" program. Trucks branded with Taiwan Excellence Cares messages went round the cities of Bangalore, Delhi and Mumbai. In-campus promotions were organized in some of the notable educational institutes in these cities. Online promotions were introduced, where lucky registrants could win exciting Taiwan Excellence products or get a chance to meet Malaika Arora Khan, the celebrity endorser for Taiwan Excellence in India. All these promotions received excellent response and were instrumental in raising the charity amount.
Stage 2 will officially kick off in August. During August 1-8, the top 20 participants will be able to choose any combination of Taiwan Excellence products from their local markets to propose a creative charity plan aimed at helping a charitable institute of their choice. To proceed to the next and final stage, these 20 proposals will be promoted online to get as many public votes as possible. Voting will be open from August 12-26 on the official website. The final three proposals from each country will be implemented in their local markets in September 2013.
Be part of Taiwan Excellence Cares. Visit www.TaiwanExcellenceCares.com for more information.
About Taiwan Excellence
Organized by the Bureau of Foreign Trade (BOFT), the Ministry of Economic Affairs (MOEA), Taiwan, and implemented by the Taiwan External Trade Development Council (TAITRA), the symbol of Taiwan Excellence is awarded to Taiwanese brands and products that represent the best Taiwan offers in terms of research and development, design, quality and marketing. The Taiwan Excellence Campaign is a consumer-oriented integrated marketing and communications program that seeks to raise brand awareness and preference among consumers in emerging markets including Indonesia, India, Vietnam, and China. Visit www.taiwanexcellence.net for more information.
Bureau of Foreign Trade (BOFT)
The Bureau of Foreign Trade (BOFT), officially established under the Ministry of Economic Affairs (MOEA) on January 1, 1969, is responsible for drafting Taiwan's international trade policies and managing trade related activities. Over the past few decades, BOFT's role and position have undergone continual adjustments to meet the needs of the shifting international economic and trade environment. Visit www.trade.gov.tw for more information.
Taiwan External Trade Development Council (TAITRA)
Taiwan External Trade Development Council (TAITRA) is globally recognized as Taiwan's foremost non-profit trade promotion organization, with over 50 overseas offices around the world. For more than 40 years, TAITRA has been highly commended for professional and outstanding services, offering a host of trade related services that cater to different business needs. Partially supported by the Taiwan government and various commercial and industrial associations, TAITRA has been entrusted to spearhead numerous government projects including the Integrated Marketing Communications Project for Emerging Markets (the IMC Project). TAITRA is also committed to enhance services by creating new strategies and organizing more effective events and activities that can generate tremendous benefits for all. Visit www.taitra.org.tw for more information.
CONTACT DETAILS
Pramod Kantak, MSLGROUP, +91 9892736183, pramod.kantak@mslgroup.com
KEYWORDS
CONSUMER, SOCIAL, 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
Source: Taiwan Excellence Cares
Tuesday, July 30, 2013 02:44 PM IST (09:14 AM GMT)
Editors: General: Consumer interest, Social issues; Business: Business services, Media & entertainment
--------------------------------------------------
Taiwan Excellence Cares Announces Launch of Stage 2
More than US$45,000 will be donated for Children Welfare
Mumbai, Maharashtra, India, Tuesday, July 30, 2013 -- (Business Wire India) -- -- More than 56,000 people in Asia participated in Stage 1
-- A total amount of US$45,424 will be donated to World Vision to help children in need; Of this, US$10,000 will be for the welfare of children in India
-- Top 20 participants are entitled to submit a charity proposal for Stage 2 and an opportunity to win a free trip to Taipei as well as a prize of US$2,000
Taiwan External Trade Development Council (TAITRA) had recently launched the Taiwan Excellence Cares campaign, the first CSR and charity project across Asia by Taiwan Excellence. TAITRA has now announced the successful conclusion of Stage 1 of its Big Idea - "Connecting Love" - with 56,650 sign-ups from Taiwan, Mainland China, India, Indonesia and Vietnam. This marks another successful year of promoting Taiwan Excellence products in Asia. A total of US$45,424 will be donated to the humanitarian organization, World Vision (www.worldvision.org), across these countries to help local children in need.
Organized by the Bureau of Foreign Trade (BOFT), Taiwan Excellence Cares aims to promote Taiwan Excellence in a creative yet charitable way. Taiwan Excellence will donate as many US dollars as the number of sign-ups (up to a maximum of US$10,000 per country) to World Vision in early August. Through the "You sign up, We donate" program in Stage 1, a total of 16,854 sign-ups were achieved in Mainland China; 14,336 in India; 9,269 in Vietnam; 6,155 in Indonesia and, most surprisingly, 10,036 in Taiwan in 3 weeks. The top 20 participants from each country, who made the most number of referrals, will be announced on the official website (www.taiwanexcellencecares.com). These participants are entitled to progress to Stage 2 - "Vote for Love" - by sharing their creative charity proposals and putting them up for public voting. The final three contestants will have an opportunity to win a free trip to Taipei and a prize of US$2,000.
In an effort to maximize the charity amount in India, Taiwan Excellence organized on-ground and online promotional activities to spread word and encourage participation in the "You sign up, We donate" program. Trucks branded with Taiwan Excellence Cares messages went round the cities of Bangalore, Delhi and Mumbai. In-campus promotions were organized in some of the notable educational institutes in these cities. Online promotions were introduced, where lucky registrants could win exciting Taiwan Excellence products or get a chance to meet Malaika Arora Khan, the celebrity endorser for Taiwan Excellence in India. All these promotions received excellent response and were instrumental in raising the charity amount.
Stage 2 will officially kick off in August. During August 1-8, the top 20 participants will be able to choose any combination of Taiwan Excellence products from their local markets to propose a creative charity plan aimed at helping a charitable institute of their choice. To proceed to the next and final stage, these 20 proposals will be promoted online to get as many public votes as possible. Voting will be open from August 12-26 on the official website. The final three proposals from each country will be implemented in their local markets in September 2013.
Be part of Taiwan Excellence Cares. Visit www.TaiwanExcellenceCares.com for more information.
About Taiwan Excellence
Organized by the Bureau of Foreign Trade (BOFT), the Ministry of Economic Affairs (MOEA), Taiwan, and implemented by the Taiwan External Trade Development Council (TAITRA), the symbol of Taiwan Excellence is awarded to Taiwanese brands and products that represent the best Taiwan offers in terms of research and development, design, quality and marketing. The Taiwan Excellence Campaign is a consumer-oriented integrated marketing and communications program that seeks to raise brand awareness and preference among consumers in emerging markets including Indonesia, India, Vietnam, and China. Visit www.taiwanexcellence.net for more information.
Bureau of Foreign Trade (BOFT)
The Bureau of Foreign Trade (BOFT), officially established under the Ministry of Economic Affairs (MOEA) on January 1, 1969, is responsible for drafting Taiwan's international trade policies and managing trade related activities. Over the past few decades, BOFT's role and position have undergone continual adjustments to meet the needs of the shifting international economic and trade environment. Visit www.trade.gov.tw for more information.
Taiwan External Trade Development Council (TAITRA)
Taiwan External Trade Development Council (TAITRA) is globally recognized as Taiwan's foremost non-profit trade promotion organization, with over 50 overseas offices around the world. For more than 40 years, TAITRA has been highly commended for professional and outstanding services, offering a host of trade related services that cater to different business needs. Partially supported by the Taiwan government and various commercial and industrial associations, TAITRA has been entrusted to spearhead numerous government projects including the Integrated Marketing Communications Project for Emerging Markets (the IMC Project). TAITRA is also committed to enhance services by creating new strategies and organizing more effective events and activities that can generate tremendous benefits for all. Visit www.taitra.org.tw for more information.
CONTACT DETAILS
Pramod Kantak, MSLGROUP, +91 9892736183, pramod.kantak@mslgroup.com
KEYWORDS
CONSUMER, SOCIAL, 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: Taiwan Excellence Cares Announces Launch of Stage 2
Press release from Business Wire India
Source: Taiwan Excellence Cares
Tuesday, July 30, 2013 02:44 PM IST (09:14 AM GMT)
Editors: General: Consumer interest, Social issues; Business: Business services, Media & entertainment
--------------------------------------------------
Taiwan Excellence Cares Announces Launch of Stage 2
More than US$45,000 will be donated for Children Welfare
Mumbai, Maharashtra, India, Tuesday, July 30, 2013 -- (Business Wire India) -- -- More than 56,000 people in Asia participated in Stage 1
-- A total amount of US$45,424 will be donated to World Vision to help children in need; Of this, US$10,000 will be for the welfare of children in India
-- Top 20 participants are entitled to submit a charity proposal for Stage 2 and an opportunity to win a free trip to Taipei as well as a prize of US$2,000
Taiwan External Trade Development Council (TAITRA) had recently launched the Taiwan Excellence Cares campaign, the first CSR and charity project across Asia by Taiwan Excellence. TAITRA has now announced the successful conclusion of Stage 1 of its Big Idea - "Connecting Love" - with 56,650 sign-ups from Taiwan, Mainland China, India, Indonesia and Vietnam. This marks another successful year of promoting Taiwan Excellence products in Asia. A total of US$45,424 will be donated to the humanitarian organization, World Vision (www.worldvision.org), across these countries to help local children in need.
Organized by the Bureau of Foreign Trade (BOFT), Taiwan Excellence Cares aims to promote Taiwan Excellence in a creative yet charitable way. Taiwan Excellence will donate as many US dollars as the number of sign-ups (up to a maximum of US$10,000 per country) to World Vision in early August. Through the "You sign up, We donate" program in Stage 1, a total of 16,854 sign-ups were achieved in Mainland China; 14,336 in India; 9,269 in Vietnam; 6,155 in Indonesia and, most surprisingly, 10,036 in Taiwan in 3 weeks. The top 20 participants from each country, who made the most number of referrals, will be announced on the official website (www.taiwanexcellencecares.com). These participants are entitled to progress to Stage 2 - "Vote for Love" - by sharing their creative charity proposals and putting them up for public voting. The final three contestants will have an opportunity to win a free trip to Taipei and a prize of US$2,000.
In an effort to maximize the charity amount in India, Taiwan Excellence organized on-ground and online promotional activities to spread word and encourage participation in the "You sign up, We donate" program. Trucks branded with Taiwan Excellence Cares messages went round the cities of Bangalore, Delhi and Mumbai. In-campus promotions were organized in some of the notable educational institutes in these cities. Online promotions were introduced, where lucky registrants could win exciting Taiwan Excellence products or get a chance to meet Malaika Arora Khan, the celebrity endorser for Taiwan Excellence in India. All these promotions received excellent response and were instrumental in raising the charity amount.
Stage 2 will officially kick off in August. During August 1-8, the top 20 participants will be able to choose any combination of Taiwan Excellence products from their local markets to propose a creative charity plan aimed at helping a charitable institute of their choice. To proceed to the next and final stage, these 20 proposals will be promoted online to get as many public votes as possible. Voting will be open from August 12-26 on the official website. The final three proposals from each country will be implemented in their local markets in September 2013.
Be part of Taiwan Excellence Cares. Visit www.TaiwanExcellenceCares.com for more information.
About Taiwan Excellence
Organized by the Bureau of Foreign Trade (BOFT), the Ministry of Economic Affairs (MOEA), Taiwan, and implemented by the Taiwan External Trade Development Council (TAITRA), the symbol of Taiwan Excellence is awarded to Taiwanese brands and products that represent the best Taiwan offers in terms of research and development, design, quality and marketing. The Taiwan Excellence Campaign is a consumer-oriented integrated marketing and communications program that seeks to raise brand awareness and preference among consumers in emerging markets including Indonesia, India, Vietnam, and China. Visit www.taiwanexcellence.net for more information.
Bureau of Foreign Trade (BOFT)
The Bureau of Foreign Trade (BOFT), officially established under the Ministry of Economic Affairs (MOEA) on January 1, 1969, is responsible for drafting Taiwan's international trade policies and managing trade related activities. Over the past few decades, BOFT's role and position have undergone continual adjustments to meet the needs of the shifting international economic and trade environment. Visit www.trade.gov.tw for more information.
Taiwan External Trade Development Council (TAITRA)
Taiwan External Trade Development Council (TAITRA) is globally recognized as Taiwan's foremost non-profit trade promotion organization, with over 50 overseas offices around the world. For more than 40 years, TAITRA has been highly commended for professional and outstanding services, offering a host of trade related services that cater to different business needs. Partially supported by the Taiwan government and various commercial and industrial associations, TAITRA has been entrusted to spearhead numerous government projects including the Integrated Marketing Communications Project for Emerging Markets (the IMC Project). TAITRA is also committed to enhance services by creating new strategies and organizing more effective events and activities that can generate tremendous benefits for all. Visit www.taitra.org.tw for more information.
CONTACT DETAILS
Nurniyyati, Counsellors, Cognito Communications, +91 0217399928/ +91 81317448664, nurniyyati@cognito.co.id
Pramod Kantak, MSLGROUP, +91 9892736183, pramod.kantak@mslgroup.com
KEYWORDS
CONSUMER, SOCIAL, 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
Source: Taiwan Excellence Cares
Tuesday, July 30, 2013 02:44 PM IST (09:14 AM GMT)
Editors: General: Consumer interest, Social issues; Business: Business services, Media & entertainment
--------------------------------------------------
Taiwan Excellence Cares Announces Launch of Stage 2
More than US$45,000 will be donated for Children Welfare
Mumbai, Maharashtra, India, Tuesday, July 30, 2013 -- (Business Wire India) -- -- More than 56,000 people in Asia participated in Stage 1
-- A total amount of US$45,424 will be donated to World Vision to help children in need; Of this, US$10,000 will be for the welfare of children in India
-- Top 20 participants are entitled to submit a charity proposal for Stage 2 and an opportunity to win a free trip to Taipei as well as a prize of US$2,000
Taiwan External Trade Development Council (TAITRA) had recently launched the Taiwan Excellence Cares campaign, the first CSR and charity project across Asia by Taiwan Excellence. TAITRA has now announced the successful conclusion of Stage 1 of its Big Idea - "Connecting Love" - with 56,650 sign-ups from Taiwan, Mainland China, India, Indonesia and Vietnam. This marks another successful year of promoting Taiwan Excellence products in Asia. A total of US$45,424 will be donated to the humanitarian organization, World Vision (www.worldvision.org), across these countries to help local children in need.
Organized by the Bureau of Foreign Trade (BOFT), Taiwan Excellence Cares aims to promote Taiwan Excellence in a creative yet charitable way. Taiwan Excellence will donate as many US dollars as the number of sign-ups (up to a maximum of US$10,000 per country) to World Vision in early August. Through the "You sign up, We donate" program in Stage 1, a total of 16,854 sign-ups were achieved in Mainland China; 14,336 in India; 9,269 in Vietnam; 6,155 in Indonesia and, most surprisingly, 10,036 in Taiwan in 3 weeks. The top 20 participants from each country, who made the most number of referrals, will be announced on the official website (www.taiwanexcellencecares.com). These participants are entitled to progress to Stage 2 - "Vote for Love" - by sharing their creative charity proposals and putting them up for public voting. The final three contestants will have an opportunity to win a free trip to Taipei and a prize of US$2,000.
In an effort to maximize the charity amount in India, Taiwan Excellence organized on-ground and online promotional activities to spread word and encourage participation in the "You sign up, We donate" program. Trucks branded with Taiwan Excellence Cares messages went round the cities of Bangalore, Delhi and Mumbai. In-campus promotions were organized in some of the notable educational institutes in these cities. Online promotions were introduced, where lucky registrants could win exciting Taiwan Excellence products or get a chance to meet Malaika Arora Khan, the celebrity endorser for Taiwan Excellence in India. All these promotions received excellent response and were instrumental in raising the charity amount.
Stage 2 will officially kick off in August. During August 1-8, the top 20 participants will be able to choose any combination of Taiwan Excellence products from their local markets to propose a creative charity plan aimed at helping a charitable institute of their choice. To proceed to the next and final stage, these 20 proposals will be promoted online to get as many public votes as possible. Voting will be open from August 12-26 on the official website. The final three proposals from each country will be implemented in their local markets in September 2013.
Be part of Taiwan Excellence Cares. Visit www.TaiwanExcellenceCares.com for more information.
About Taiwan Excellence
Organized by the Bureau of Foreign Trade (BOFT), the Ministry of Economic Affairs (MOEA), Taiwan, and implemented by the Taiwan External Trade Development Council (TAITRA), the symbol of Taiwan Excellence is awarded to Taiwanese brands and products that represent the best Taiwan offers in terms of research and development, design, quality and marketing. The Taiwan Excellence Campaign is a consumer-oriented integrated marketing and communications program that seeks to raise brand awareness and preference among consumers in emerging markets including Indonesia, India, Vietnam, and China. Visit www.taiwanexcellence.net for more information.
Bureau of Foreign Trade (BOFT)
The Bureau of Foreign Trade (BOFT), officially established under the Ministry of Economic Affairs (MOEA) on January 1, 1969, is responsible for drafting Taiwan's international trade policies and managing trade related activities. Over the past few decades, BOFT's role and position have undergone continual adjustments to meet the needs of the shifting international economic and trade environment. Visit www.trade.gov.tw for more information.
Taiwan External Trade Development Council (TAITRA)
Taiwan External Trade Development Council (TAITRA) is globally recognized as Taiwan's foremost non-profit trade promotion organization, with over 50 overseas offices around the world. For more than 40 years, TAITRA has been highly commended for professional and outstanding services, offering a host of trade related services that cater to different business needs. Partially supported by the Taiwan government and various commercial and industrial associations, TAITRA has been entrusted to spearhead numerous government projects including the Integrated Marketing Communications Project for Emerging Markets (the IMC Project). TAITRA is also committed to enhance services by creating new strategies and organizing more effective events and activities that can generate tremendous benefits for all. Visit www.taitra.org.tw for more information.
CONTACT DETAILS
Nurniyyati, Counsellors, Cognito Communications, +91 0217399928/ +91 81317448664, nurniyyati@cognito.co.id
Pramod Kantak, MSLGROUP, +91 9892736183, pramod.kantak@mslgroup.com
KEYWORDS
CONSUMER, SOCIAL, 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: On Industry Demand, the Last Date of Nominations for the Value Chain Leadership Awards (VCLA), Gulf Edition Extended to 31st August 2013 - Frost & Sullivan
Press release from Business Wire India
Source: Frost & Sullivan
Tuesday, July 30, 2013 02:16 PM IST (08:46 AM GMT)
Editors: General: Consumer interest; Business: Accounting & management consultancy services, Business services, Electronic appliances & components, Media & entertainment
--------------------------------------------------
On Industry Demand, the Last Date of Nominations for the Value Chain Leadership Awards (VCLA), Gulf Edition Extended to 31st August 2013 - Frost & Sullivan
Also, announces the supporting Partners for its Largest On-Site Assessment Process
Dubai, United Arab Emirates, Tuesday, July 30, 2013 -- (Business Wire India) -- Frost & Sullivan, the Global Growth Partnership Company, is pleased to announce that on requests received from various industry quarters due to Ramadan, the last date of nominations for our largest on-site assessment programme - Value Chain Leadership Awards (VCLA) - Gulf Edition 2013 has been extended to August 31, 2013.
We are also glad to announce our respectable Media Partners on board: CNBC Arabia is the 'Official Arabic Broadcaster'; Arabian Business is 'Exclusive Business Magazine Partner'; and AMEinfo.com is the 'Online News Partner'. Besides these, we have the support of several renowned Industry Partners such as Arab Construction World, B Green, Middle East Food, Saneou Al Hadath and Trends Magazine.
Speaking about VCLA, Raghavendra Rao, Vice President, Frost & Sullivan said, "Frost & Sullivan Awards add value to the Awardees' business in a way that goes much beyond the public and peer accolades that are associated with it. These awards have proven to be well respected growth tools for recipient organisations. The learning process that is an integral part of the assessment process, guides the participant organisations to meet their long term objectives. Being a growth consulting company, Frost & Sullivan will be leveraging its expertise and bringing forth its industry knowledge when assessing the short listed sites. The assessment based Value chain Leadership Awards will be one of the first on-site assessment programmes in the GCC following a rigorous evaluation approach from which, the companies will gain insight into their capabilities and know where they stand vis-à-vis their global counterparts. The Awards are conceptualised to be a guiding light for progressive businesses, and awardees will be respectfully referred to, when spoken in economic and peer forums."
Frost & Sullivan's On-Site Assessment Programme has a legacy of more than a decade in various regions around the globe and has increasingly gained credibility across the business fraternity. With a reputation of identifying leaders through a structured and systematic process, Frost & Sullivan's VCLA will be a journey for companies to Evaluate, Engage, Learn, and Grow.
The Awards will cover a diverse and extensive range of industries such as Chemicals, Food and Beverage, Consumer Products, Paper, Metals, Fertiliser, Petrochemicals, Light and Heavy Engineering, Paints, Pharmaceuticals, Electricals and Electronics, and Cements.
If you wish to know more about the Awards, contact Tanu Chopra, Corporate Communications, at tanu.chopra@frost.com. To send in your nominations, email vcla@frost.com, with your full name, company name, title, telephone number, company e-mail address, company website, city, state, and country. On receipt of the above information, our team will get in touch with you with the details. For more information on the awards, please log on to www.frost.com/vcla2013.
About Frost & Sullivan
Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the 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 organisation 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
CONTACT DETAILS
Tanu Chopra, Corporate Communications - Middle East and North Africa, Frost & Sullivan, +91 98204 80089, tanu.chopra@frost.com
Nimisha Iyer, Corporate Communications - Middle East, North Africa and South Asia, Frost & Sullivan, +91 98200 50519, niyer@frost.com
KEYWORDS
CONSUMER, CONSULTANCY SERVICES, BUSINESS SERVICES, ELECTRONICS, 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: Frost & Sullivan
Tuesday, July 30, 2013 02:16 PM IST (08:46 AM GMT)
Editors: General: Consumer interest; Business: Accounting & management consultancy services, Business services, Electronic appliances & components, Media & entertainment
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On Industry Demand, the Last Date of Nominations for the Value Chain Leadership Awards (VCLA), Gulf Edition Extended to 31st August 2013 - Frost & Sullivan
Also, announces the supporting Partners for its Largest On-Site Assessment Process
Dubai, United Arab Emirates, Tuesday, July 30, 2013 -- (Business Wire India) -- Frost & Sullivan, the Global Growth Partnership Company, is pleased to announce that on requests received from various industry quarters due to Ramadan, the last date of nominations for our largest on-site assessment programme - Value Chain Leadership Awards (VCLA) - Gulf Edition 2013 has been extended to August 31, 2013.
We are also glad to announce our respectable Media Partners on board: CNBC Arabia is the 'Official Arabic Broadcaster'; Arabian Business is 'Exclusive Business Magazine Partner'; and AMEinfo.com is the 'Online News Partner'. Besides these, we have the support of several renowned Industry Partners such as Arab Construction World, B Green, Middle East Food, Saneou Al Hadath and Trends Magazine.
Speaking about VCLA, Raghavendra Rao, Vice President, Frost & Sullivan said, "Frost & Sullivan Awards add value to the Awardees' business in a way that goes much beyond the public and peer accolades that are associated with it. These awards have proven to be well respected growth tools for recipient organisations. The learning process that is an integral part of the assessment process, guides the participant organisations to meet their long term objectives. Being a growth consulting company, Frost & Sullivan will be leveraging its expertise and bringing forth its industry knowledge when assessing the short listed sites. The assessment based Value chain Leadership Awards will be one of the first on-site assessment programmes in the GCC following a rigorous evaluation approach from which, the companies will gain insight into their capabilities and know where they stand vis-à-vis their global counterparts. The Awards are conceptualised to be a guiding light for progressive businesses, and awardees will be respectfully referred to, when spoken in economic and peer forums."
Frost & Sullivan's On-Site Assessment Programme has a legacy of more than a decade in various regions around the globe and has increasingly gained credibility across the business fraternity. With a reputation of identifying leaders through a structured and systematic process, Frost & Sullivan's VCLA will be a journey for companies to Evaluate, Engage, Learn, and Grow.
The Awards will cover a diverse and extensive range of industries such as Chemicals, Food and Beverage, Consumer Products, Paper, Metals, Fertiliser, Petrochemicals, Light and Heavy Engineering, Paints, Pharmaceuticals, Electricals and Electronics, and Cements.
If you wish to know more about the Awards, contact Tanu Chopra, Corporate Communications, at tanu.chopra@frost.com. To send in your nominations, email vcla@frost.com, with your full name, company name, title, telephone number, company e-mail address, company website, city, state, and country. On receipt of the above information, our team will get in touch with you with the details. For more information on the awards, please log on to www.frost.com/vcla2013.
About Frost & Sullivan
Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the 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 organisation 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?
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CONTACT DETAILS
Tanu Chopra, Corporate Communications - Middle East and North Africa, Frost & Sullivan, +91 98204 80089, tanu.chopra@frost.com
Nimisha Iyer, Corporate Communications - Middle East, North Africa and South Asia, Frost & Sullivan, +91 98200 50519, niyer@frost.com
KEYWORDS
CONSUMER, CONSULTANCY SERVICES, BUSINESS SERVICES, ELECTRONICS, MEDIA
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