Press release from Business Wire India
Source: mPandit
Friday, April 30, 2010 05:12 PM IST (11:42 AM GMT)
Editors: General: Consumer interest, Entertainment, People; Business: Advertising, PR & marketing, Business services, Information technology, Media & entertainment; Technology
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mPandit Launches Live Vedic Astrology Service for USA, UK, Canada & Australia
New Delhi, Delhi, India, Friday, April 30, 2010 -- (Business Wire India) -- mPandit.com is the new and special Live Vedic Astrology service from India. You can call a number and consult an experienced astrologer. It is as easy as that. The service is particularly valuable to so many who do not have direct access to astrologers and especially Vedic Astrologers.
We all have questions about our life and want to know what will happen with our new ventures, our relationships, our work, our health and our loved ones. In our busy lives and where we live, it is difficult to meet and consult a genuine and experienced Vedic astrologer who could guide us on our path to happiness and success. mPandit understands this and has come up with an innovative and valuable solution and you can now know what the stars have in store for you through the science of Hindu Astrology. mPandit's Jyotishi's (Vedic astrologers) have years of experience in Vedic Astrology and this is sure to help you in many ways.
Live Vedic Astrology forecasts events and situations by working around an analysis of astronomical data. It is a language of divination. It does not cause anything to happen, but just reveals it. mPandit.com provides instant personalized answers, based on the principles and norms of Hindu Astrology to those who have queries regarding their life, relationships, marriage, children, work or business. mPandit is committed to ensuring that everyone can access and gain from experienced and trusted Vedic astrologers.
"We understand that people need responses that are judicious, authentic, and clear. mPandit keeps this in mind while providing answers about the people's lives in the areas of finance, spirituality, relationship, career, travel children/family, health, business, and other personal problems. Listening to Live Hindu Astrology and performing appropriate remedies is a rewarding experience for our clients" says Ishan Gupta, mPandit spokesperson.
As a special limited offer, mPandit is gifting ten free minutes for the users who register for the first time for a limited time period! You can visit the website http://www.mpandit.com and register yourself. You will get a voucher code that can be used to talk to our astrologers. All you have to do now is call our toll free number in USA, UK, Canada, Australia or Singapore and you can get connected to astrologers. Security compliance is of the highest order, which ensures your credit card information is secure. A unique privacy policy ensures that no part of the conversation between an astrologer and the customer is stored in any form. There are no hidden charges and you do not require any prior appointment to call the astrologers. For more information please visit: http://www.mpandit.com/
About mPandit
mPandit provides expert live astrology consultancy through highly experienced Vedic astrologers.
Through the science of Vedic Astrology, our astrologers help individuals to understand the causes of happenings in one's life, the past, the present and the future events. With this information, they guide people while taking important decisions pertaining to one's career, health and wellness, marriage and compatibility, relationships, business and investments. The team behind mPandit draws immensely from its rich experience in running India's first live astrology service. Visit www.mpandit.com for more details.
CONTACT DETAILS
Smita Rajan, mPandit, +91 9818760154, saumya@mpandit.com
Nidhi Agarwal, mPandit, +91 9810105861, saumya@mpandit.com
KEYWORDS
CONSUMER, ENTERTAINMENT, PEOPLE, MARKETING, BUSINESS SERVICES, IT, MEDIA, TECHNOLOGY
If you wish to change your Business Wire India selection please click on this link http://www.businesswireindia.com/media/news.asp and use your personal username and password to login.
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Friday, April 30, 2010
BWI: BEE’s Bachat Lamp Yojana gets UNFCCC Nod
Press release from Business Wire India
Source: The Bureau of Energy Efficiency (BEE)
Friday, April 30, 2010 05:17 PM IST (11:47 AM GMT)
Editors: General: Consumer interest, Environment, Politics, Social issues; Business: Business services, Electronic appliances & components, Energy companies; Technology
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BEE's Bachat Lamp Yojana gets UNFCCC Nod
New Delhi, Delhi, India, Friday, April 30, 2010 -- (Business Wire India) -- . Scheme to promote energy efficient lighting, save power
. Quality CFLs to cost only INR15 in lieu of incandescent lamps
. Bachat Lamp Yojana largest PoA to be implemented
The Bachat Lamp Yojana (BLY), developed by the Bureau of Energy Efficiency (BEE) under the aegis of the Ministry of Power, is now registered under the Clean Development Mechanism (CDM) of the Kyoto Protocol, part of the United Nations Framework Convention on Climate Change (UNFCCC). The UNFCCC is the centrepiece of global efforts to combat global warming. Developed to promote energy efficient lighting in India, BLY promotes replacement of inefficient bulbs with Compact Fluorescent Lamps (CFLs) by leveraging the sale of Certified Emission Rights (CERs) under the CDM. The scheme was launched by the Union Minister of Power, Shri Sushilkumar Shinde, in February 2009.
Under the BLY scheme, quality CFLs would be distributed to grid-connected residential households in exchange of an incandescent lamp (ICL) and INR 15. Given the high transaction cost of preparation and registration of CDM projects and for wider reach and faster implementation, BEE has developed a Programme of Activities (PoA) which would serve as an umbrella CDM project. The individual projects, designed to be in conformance with the umbrella project, would be added to the umbrella project as and when they are prepared.
The development of the PoA is a voluntary action on the part of BEE and it would not seek any commercial revenues from the PoA. On the other hand, on behalf of the Government of India it will take the responsibility of monitoring of all project areas after the DISCOMs and the CFL suppliers have entered into a tripartite agreement (TPA) with BEE. This is the largest PoA in terms of carbon dioxide emission reductions, to be ever registered by the CDM Executive Board.
Speaking on the occasion, Union Minister of Power, Shri Sushil Kumar Shinde, said, "The Bachat Lamp Yojana is a move towards promoting energy efficiency in India. It is the biggest Programme of Activities of its kind in the world and provides a great opportunity for a robust public private partnership. We are not only looking at reducing emissions by way of efficient end use of electricity, but also at reducing the peak load in the country, which currently faces a shortage of up to 15 per cent. The replacement of the ICLs by CFLs would lead to a potential reduction of over 6,000 MW in electricity demand."
Dr Ajay Mathur, Director General of BEE, said, "The current penetration of CFL in the household sector remains low at about 5-10 per cent largely due to the high price of the CFLs, which is 8-10 times the cost of incandescent bulbs. The Bachat Lamp Yojana focuses on this first cost barrier to reduce the cost of CFLs to that of incandescent bulbs for consumers. At Rs 15 apiece for CFLs, the BLY is a win-win situation for all. Consumers will not only be able to save on their electricity bills but also help meet the energy efficiency targets of the country."
Domestic appliances and lighting sector accounts for almost 22 per cent of the total electricity demand in India, and contributes almost fully to the peak load as well. It is estimated that there are over 400 million light points in India lighted using Incandescent Lamps. ICLs are extremely energy in-efficient, with just 5 per cent of the electricity input converted to light. The remaining is lost as heat. In recent years the CFL has emerged as an energy efficient alternative, as a CFL uses only one-fifth as much electricity as an ICL to provide the same amount of illumination.
The BLY scheme provides a unique platform for a healthy public-private partnership between the Government of India, Private sector CFL suppliers and State level Electricity Distribution Companies (DISCOMs) and provides a the framework to distribute high quality CFLs at about Rs.15 per piece to the households of the country. Under the scheme 60 Watt and 100 Watt incandescent Lamps will be replaced with 11 to 15 Watt and 20-25 Watt CFLs respectively. BEE will undertake monitoring of each project area as required under an approved methodology of CDM. The replacement potential of ICLs with CFLs is also borne out of the fact that in the year 2008, ICL sales in India were 734 million whereas CFL sales were just 199 million. The penetration share of incandescent lamps for lighting in commercial and residential sector put together is thus nearly 80% in India. The penetration of CFLs in households remains low very on account of the high price of the CFLs, which is 8-10 times the cost of incandescent bulbs.
India is a signatory to the UNFCCC and the Kyoto Protocol. While UNFCCC seeks to stabilize atmospheric concentration of greenhouse gases "at a level that would prevent dangerous anthropogenic (human-induced) interference with the climate system", the Kyoto Protocol, linked to the UNFCCC, was developed to meet the ultimate objective of the UNFCCC which is to "stabilize GHG concentrations in the atmosphere at a level that would prevent anthropogenic interference with the climate system", through quantified emission targets within a specified time frame. The Clean Development Mechanism under the Kyoto Protocol, allows emission reduction projects that assist in creating sustainable development in developing countries to generate "certified emission reductions" (CERs) for use by the investor. The CDM process not only takes a long time but also has high transaction costs as a result of which it has not been very attractive for energy efficiency projects, which are usually small in terms of investments. The PoA will reduce the transaction cost as the umbrella project registration will allow smaller projects to be included without going through the entire process of due diligence. This would enable the private investors to get CDM revenues in an expeditious manner. The registration will pave the way for an accelerated implementation of the scheme.
CONTACT DETAILS
Mr Saurabh Bhatnagar, Bureau of Energy Efficiency, +91 11 26179699, saurabh.bee@gmail.com
KEYWORDS
CONSUMER, ENVIRONMENT, POLITICS, SOCIAL, BUSINESS SERVICES, ELECTRONICS, ENERGY, TECHNOLOGY
If you wish to change your Business Wire India selection please click on this link http://www.businesswireindia.com/media/news.asp and use your personal username and password to login.
Submit your press release at http://www.businesswireindia.com
Source: The Bureau of Energy Efficiency (BEE)
Friday, April 30, 2010 05:17 PM IST (11:47 AM GMT)
Editors: General: Consumer interest, Environment, Politics, Social issues; Business: Business services, Electronic appliances & components, Energy companies; Technology
--------------------------------------------------
BEE's Bachat Lamp Yojana gets UNFCCC Nod
New Delhi, Delhi, India, Friday, April 30, 2010 -- (Business Wire India) -- . Scheme to promote energy efficient lighting, save power
. Quality CFLs to cost only INR15 in lieu of incandescent lamps
. Bachat Lamp Yojana largest PoA to be implemented
The Bachat Lamp Yojana (BLY), developed by the Bureau of Energy Efficiency (BEE) under the aegis of the Ministry of Power, is now registered under the Clean Development Mechanism (CDM) of the Kyoto Protocol, part of the United Nations Framework Convention on Climate Change (UNFCCC). The UNFCCC is the centrepiece of global efforts to combat global warming. Developed to promote energy efficient lighting in India, BLY promotes replacement of inefficient bulbs with Compact Fluorescent Lamps (CFLs) by leveraging the sale of Certified Emission Rights (CERs) under the CDM. The scheme was launched by the Union Minister of Power, Shri Sushilkumar Shinde, in February 2009.
Under the BLY scheme, quality CFLs would be distributed to grid-connected residential households in exchange of an incandescent lamp (ICL) and INR 15. Given the high transaction cost of preparation and registration of CDM projects and for wider reach and faster implementation, BEE has developed a Programme of Activities (PoA) which would serve as an umbrella CDM project. The individual projects, designed to be in conformance with the umbrella project, would be added to the umbrella project as and when they are prepared.
The development of the PoA is a voluntary action on the part of BEE and it would not seek any commercial revenues from the PoA. On the other hand, on behalf of the Government of India it will take the responsibility of monitoring of all project areas after the DISCOMs and the CFL suppliers have entered into a tripartite agreement (TPA) with BEE. This is the largest PoA in terms of carbon dioxide emission reductions, to be ever registered by the CDM Executive Board.
Speaking on the occasion, Union Minister of Power, Shri Sushil Kumar Shinde, said, "The Bachat Lamp Yojana is a move towards promoting energy efficiency in India. It is the biggest Programme of Activities of its kind in the world and provides a great opportunity for a robust public private partnership. We are not only looking at reducing emissions by way of efficient end use of electricity, but also at reducing the peak load in the country, which currently faces a shortage of up to 15 per cent. The replacement of the ICLs by CFLs would lead to a potential reduction of over 6,000 MW in electricity demand."
Dr Ajay Mathur, Director General of BEE, said, "The current penetration of CFL in the household sector remains low at about 5-10 per cent largely due to the high price of the CFLs, which is 8-10 times the cost of incandescent bulbs. The Bachat Lamp Yojana focuses on this first cost barrier to reduce the cost of CFLs to that of incandescent bulbs for consumers. At Rs 15 apiece for CFLs, the BLY is a win-win situation for all. Consumers will not only be able to save on their electricity bills but also help meet the energy efficiency targets of the country."
Domestic appliances and lighting sector accounts for almost 22 per cent of the total electricity demand in India, and contributes almost fully to the peak load as well. It is estimated that there are over 400 million light points in India lighted using Incandescent Lamps. ICLs are extremely energy in-efficient, with just 5 per cent of the electricity input converted to light. The remaining is lost as heat. In recent years the CFL has emerged as an energy efficient alternative, as a CFL uses only one-fifth as much electricity as an ICL to provide the same amount of illumination.
The BLY scheme provides a unique platform for a healthy public-private partnership between the Government of India, Private sector CFL suppliers and State level Electricity Distribution Companies (DISCOMs) and provides a the framework to distribute high quality CFLs at about Rs.15 per piece to the households of the country. Under the scheme 60 Watt and 100 Watt incandescent Lamps will be replaced with 11 to 15 Watt and 20-25 Watt CFLs respectively. BEE will undertake monitoring of each project area as required under an approved methodology of CDM. The replacement potential of ICLs with CFLs is also borne out of the fact that in the year 2008, ICL sales in India were 734 million whereas CFL sales were just 199 million. The penetration share of incandescent lamps for lighting in commercial and residential sector put together is thus nearly 80% in India. The penetration of CFLs in households remains low very on account of the high price of the CFLs, which is 8-10 times the cost of incandescent bulbs.
India is a signatory to the UNFCCC and the Kyoto Protocol. While UNFCCC seeks to stabilize atmospheric concentration of greenhouse gases "at a level that would prevent dangerous anthropogenic (human-induced) interference with the climate system", the Kyoto Protocol, linked to the UNFCCC, was developed to meet the ultimate objective of the UNFCCC which is to "stabilize GHG concentrations in the atmosphere at a level that would prevent anthropogenic interference with the climate system", through quantified emission targets within a specified time frame. The Clean Development Mechanism under the Kyoto Protocol, allows emission reduction projects that assist in creating sustainable development in developing countries to generate "certified emission reductions" (CERs) for use by the investor. The CDM process not only takes a long time but also has high transaction costs as a result of which it has not been very attractive for energy efficiency projects, which are usually small in terms of investments. The PoA will reduce the transaction cost as the umbrella project registration will allow smaller projects to be included without going through the entire process of due diligence. This would enable the private investors to get CDM revenues in an expeditious manner. The registration will pave the way for an accelerated implementation of the scheme.
CONTACT DETAILS
Mr Saurabh Bhatnagar, Bureau of Energy Efficiency, +91 11 26179699, saurabh.bee@gmail.com
KEYWORDS
CONSUMER, ENVIRONMENT, POLITICS, SOCIAL, BUSINESS SERVICES, ELECTRONICS, ENERGY, TECHNOLOGY
If you wish to change your Business Wire India selection please click on this link http://www.businesswireindia.com/media/news.asp and use your personal username and password to login.
Submit your press release at http://www.businesswireindia.com
BWI: VDOPIA Chosen as a Finalist for the Prestigious 2010 TiE50 Awards
Press release from Business Wire India
Source: Vdopia
Friday, April 30, 2010 01:25 PM IST (07:55 AM GMT)
Editors: General: Consumer interest; Business: Advertising, PR & marketing, Business services, Information technology, Media & entertainment, Telecommunications; Technology
--------------------------------------------------
VDOPIA Chosen as a Finalist for the Prestigious 2010 TiE50 Awards
Selected Amongst Over 3500 Nominations, Vdopia has Reached the Bracket of top 150; Voting is now open to choose the Top 50 Winners
New Delhi, Delhi, India, Friday, April 30, 2010 -- (Business Wire India) -- Vdopia, (www.vdopia.com) the leading online and mobile video Ad Platform and monetization player is chosen as a prominent finalist for the 2010 TiE50 Awards for the top start-ups. Out of a large number of over 3500, Vdopia has successfully reached an outstanding bracket of top 150 companies.
"This is another important step in getting Vdopia and iVdopia recognized for introducing new advertising features, video and mobile advertising," said Saurabh Bhatia, Chief Business Officer, Vdopia. "The TiE50 organization highlights enterprising start-up companies that best demonstrate an entrepreneurial spirit in a wide range of industries, so to have them pick our company as a finalist among thousands of entrants is a genuine honor."
The TiE50 Awards recognize the hottest emerging companies in five focus segments: CleanTech, Internet, BioSciences, Wireless and Software. Last year's crop of TiE50 winners have raised over $2B in funding after winning the award. It will announce the selected 50 winners in the first week of May based on the rigorous screening and voting process which is now open. The public can vote at http://www.tie50.net/polling/.
"With the superior ad platform capabilities and introduction of VDO Labs, Vdopia has come out with various online video innovations like VLIVE Technology, Talk2me Ads, Rich Media Ads, Proprietary Ad formats like Dynamic Skin Branding with Product Placement. Vdopia's pioneering initiative in the online video monetization space has generated an unusual spark in the global online video advertising market. We're elated and incredibly grateful for this acknowledgment from TiE50. The challenge to be in the TiE50 list is indeed a victory in itself as the standards set in this program are cutthroat and competitive," commented Chhavi Upadhyay, Chief Operating Office, Vdopia.
The TiE50 winners will be recognized at TiEcon 2010, in Santa Clara, Calif., May 14-15.
About TiECon2010 and TiE50
TiEcon is TiE's premier annual event and is the largest convention in the world dedicated to entrepreneurs. TiE is a global, not-for-profit, non-political, and non-religious organization dedicated to fostering entrepreneurs across its international network. Since its founding in 1992, TiE has grown to become the world's largest organization for entrepreneurs and professionals, with membership spread across 54 chapters in 13 countries. Membership includes over 1,800 experienced entrepreneurs and business executives as Charter Members, and over 12,000 global members.
About Vdopia, Inc
Vdopia delivers the world's leading next-generation digital media platform including the largest online video advertising platform in partnership with the largest online publishers in India. Vdopia enables major brands and advertisers find and engage the right audience by partnering with publishers providing compelling content online. It recently launched iVdopia--its iPhone 3G ad platform and network. iVdopia is the advanced mobile advertising solution, pioneering rich media and video advertising on smartphones, including Pre-App video and social networking options on the iPhone. iVdopia's brand-focused iPhone advertising network and platform is used by major brands and top iPhone developers to deliver premium advertising campaigns.
The holding company Vdopia Inc. is the fastest growing, venture-funded advertising technology company focused exclusively on premium audiences in the world. The privately held, venture-backed company is headquartered in Silicon Valley and has offices in San Jose, CA, New York, NY, Gurgaon and Mumbai, India.
To view the photographs, please click on the links given below:
Saurabh Bhatia
Chhavi Upadhyay
CONTACT DETAILS
Manleen Kaur, Value 360 Communications, +91 9810920020, manleen@precisionpr.org, manleen@value360india.com
KEYWORDS
CONSUMER, MARKETING, BUSINESS SERVICES, IT, MEDIA, TELECOMMUNICATIONS, TECHNOLOGY
If you wish to change your Business Wire India selection please click on this link http://www.businesswireindia.com/media/news.asp and use your personal username and password to login.
Submit your press release at http://www.businesswireindia.com
Source: Vdopia
Friday, April 30, 2010 01:25 PM IST (07:55 AM GMT)
Editors: General: Consumer interest; Business: Advertising, PR & marketing, Business services, Information technology, Media & entertainment, Telecommunications; Technology
--------------------------------------------------
VDOPIA Chosen as a Finalist for the Prestigious 2010 TiE50 Awards
Selected Amongst Over 3500 Nominations, Vdopia has Reached the Bracket of top 150; Voting is now open to choose the Top 50 Winners
New Delhi, Delhi, India, Friday, April 30, 2010 -- (Business Wire India) -- Vdopia, (www.vdopia.com) the leading online and mobile video Ad Platform and monetization player is chosen as a prominent finalist for the 2010 TiE50 Awards for the top start-ups. Out of a large number of over 3500, Vdopia has successfully reached an outstanding bracket of top 150 companies.
"This is another important step in getting Vdopia and iVdopia recognized for introducing new advertising features, video and mobile advertising," said Saurabh Bhatia, Chief Business Officer, Vdopia. "The TiE50 organization highlights enterprising start-up companies that best demonstrate an entrepreneurial spirit in a wide range of industries, so to have them pick our company as a finalist among thousands of entrants is a genuine honor."
The TiE50 Awards recognize the hottest emerging companies in five focus segments: CleanTech, Internet, BioSciences, Wireless and Software. Last year's crop of TiE50 winners have raised over $2B in funding after winning the award. It will announce the selected 50 winners in the first week of May based on the rigorous screening and voting process which is now open. The public can vote at http://www.tie50.net/polling/.
"With the superior ad platform capabilities and introduction of VDO Labs, Vdopia has come out with various online video innovations like VLIVE Technology, Talk2me Ads, Rich Media Ads, Proprietary Ad formats like Dynamic Skin Branding with Product Placement. Vdopia's pioneering initiative in the online video monetization space has generated an unusual spark in the global online video advertising market. We're elated and incredibly grateful for this acknowledgment from TiE50. The challenge to be in the TiE50 list is indeed a victory in itself as the standards set in this program are cutthroat and competitive," commented Chhavi Upadhyay, Chief Operating Office, Vdopia.
The TiE50 winners will be recognized at TiEcon 2010, in Santa Clara, Calif., May 14-15.
About TiECon2010 and TiE50
TiEcon is TiE's premier annual event and is the largest convention in the world dedicated to entrepreneurs. TiE is a global, not-for-profit, non-political, and non-religious organization dedicated to fostering entrepreneurs across its international network. Since its founding in 1992, TiE has grown to become the world's largest organization for entrepreneurs and professionals, with membership spread across 54 chapters in 13 countries. Membership includes over 1,800 experienced entrepreneurs and business executives as Charter Members, and over 12,000 global members.
About Vdopia, Inc
Vdopia delivers the world's leading next-generation digital media platform including the largest online video advertising platform in partnership with the largest online publishers in India. Vdopia enables major brands and advertisers find and engage the right audience by partnering with publishers providing compelling content online. It recently launched iVdopia--its iPhone 3G ad platform and network. iVdopia is the advanced mobile advertising solution, pioneering rich media and video advertising on smartphones, including Pre-App video and social networking options on the iPhone. iVdopia's brand-focused iPhone advertising network and platform is used by major brands and top iPhone developers to deliver premium advertising campaigns.
The holding company Vdopia Inc. is the fastest growing, venture-funded advertising technology company focused exclusively on premium audiences in the world. The privately held, venture-backed company is headquartered in Silicon Valley and has offices in San Jose, CA, New York, NY, Gurgaon and Mumbai, India.
To view the photographs, please click on the links given below:
Saurabh Bhatia
Chhavi Upadhyay
CONTACT DETAILS
Manleen Kaur, Value 360 Communications, +91 9810920020, manleen@precisionpr.org, manleen@value360india.com
KEYWORDS
CONSUMER, MARKETING, BUSINESS SERVICES, IT, MEDIA, TELECOMMUNICATIONS, TECHNOLOGY
If you wish to change your Business Wire India selection please click on this link http://www.businesswireindia.com/media/news.asp and use your personal username and password to login.
Submit your press release at http://www.businesswireindia.com
BWI: The New BMW 5 Series Launched in India
Press release from Business Wire India
Source: BMW India
Friday, April 30, 2010 01:00 PM IST (07:30 AM GMT)
Editors: General: Consumer interest; Business: Advertising, PR & marketing, Automotives, Business services, Media & entertainment, Retailers; Automotive
--------------------------------------------------
The New BMW 5 Series Launched in India
Sixth generation of the immensely successful BMW 5 Series is truly an "Exploration of Beauty"; Inspiring design, flawless workmanship, exhilarating drive, fascinating performance, the new BMW 5 Series shares the vehicle architecture of the BMW 7 Series conveying all the Sheer Driving Pleasure typical of BMW
Mumbai, Maharashtra, India, Friday, April 30, 2010 -- (Business Wire India) -- The new BMW 5 Series was unveiled today at the exclusive BMW pavilion which has been specially constructed for the launch in India.
The new BMW 5 Series is available in two petrol variants - 535i and 523i and two diesel variants - 530d and 525d and can be ordered at BMW dealerships across India.
Speaking on the occasion, Mr. Peter Kronschnabl, President, BMW India said, "The 5 Series is the core model in our product portfolio. Each generation of the BMW 5 Series has been a winner and has played a major role in the company's success around the world. And we intend to keep it that way in India. You can imagine what high expectations we have of the new BMW 5 Series Sedan: It has to live up to its highly successful predecessor both in terms of innovative technology and sales achievements."
"Splendid design, flawless workmanship, driver orientation with ideally placed instruments and intuitive operation, the new BMW 5 Series embodies a formula to captivate the senses. The new BMW 5 Series is everything a BMW sedan is meant to be: aesthetic, dynamic and efficient." Mr. Peter Kronschnabl, President, BMW India further added.
The BMW 5 Series has significantly contributed to the success and image of BMW in India. BMW India has sold over 3600 units of the 5 Series in India since 2007.
The all India ex-showroom prices in INR are as follows.
The new BMW 523i : 38,90,000
The new BMW 525d : 39,90,000
The new BMW 530d : 45,90,000
Note: Ex-showroom price excludes RTO registration charges, tax, insurance, handling charges; Octroi and entry tax (as applicable). The above ex-showroom prices are exclusive of sales tax / VAT applicable on sale to the customer. Prices and options are subject to change without prior notice.
The 523i, 525d and 530d will be produced at the BMW Plant Chennai. The 535i will be available as a CBU (completely built-up unit) and will have an ex-showroom price of INR 58,00,000.
The new BMW 5 Series will be available in Alpine White as non-metallic paintwork and in the following metallic colours: Space Grey, Titanium Silver, Black Sapphire, Havanna, Cashmere Silver, Deep Sea Blue, Milano Beige, Imperial Blue Brilliant Effect and Sophisto Grey Brilliant Effect.
Dakota leather is the standard upholstery for the new BMW 5 Series and is available in the following colour combinations: Oyster / Black, Black / Black, Vento Beige / Vento Beige, Oyster / Oyster dark and Cinnamon Brown / Black. The following interior trims are available: Fine-wood trim Ash Grain Brown and Fine-wood trim 'Fine line" anthracite.
The new BMW 5 Series: Description in Brief
The sixth generation of BMW's immensely successful four-door stands out through modern aesthetics in design, conveys all of the Sheer Driving Pleasure so typical of BMW and offers unparalleled luxury in the upper midrange segment.
The sophisticated aesthetics and dynamic looks of the new BMW 5 Series Sedan are the result of perfectly balanced proportions. Again in the typical style of the brand, the new BMW 5 Series Sedan boasts of a long and contoured engine compartment lid, short overhangs, a coupé-like flowing roofline as well as the longest wheelbase in the segment. The charismatic flair of the upright front section and the BMW kidney grill inclined slightly forward from certain perspectives, the stylish elegance of the side view and the muscular sportiness of the rear end all come together in typical BMW design language to provide an outstanding look of style and supremacy.
Within the interior, horizontal surfaces and exciting lines create a truly generous and harmonious ambience. The clear structure of the cockpit enhances the high level of driver orientation, while the stylish, modern design of the interior is further refined by top-quality material and tastefully composed colour combinations.
The new BMW 5 Series Sedan is entering the market with the world's first straight-six petrol engine with Twin Power Turbo, High Precision Injection and Valvetronic (225 kW/306 hp) in the BMW 535i as well as straight-six petrol engine in the BMW 523i (150 kW/204 hp). The latest generation of straight-six diesels featuring an all-aluminium crankcase and common-rail direct injection develop 180 kW/245 hp in BMW 530d and 150 kW/204 hp in BMW 525d.
Eight-speed automatic transmission comes standard with the BMW 523i and the BMW 525d. Eight Speed Sports Automatic transmission with shift paddles on the steering wheel is standard feature on the BMW 535i and the BMW 530d. With its innovative gear set configuration, a unique level of inner efficiency and optimised weight, the eight-speed automatic transmission combines outstanding gearshift comfort, dynamic performance and efficiency of the highest level.
The combination of a double track arm front axle and the Integral-V rear axle ensures supreme driving dynamics and motoring comfort all in one. Further efficiency is provided by Electric Power Steering (EPS) including Servotronic as standard feature for the first time in the BMW 5 Series. The clearly structured cockpit and intuitive controls enhance Sheer Driving Pleasure in typical BMW style to an even higher level, at the same time underlining the sophisticated ambience within the passenger compartment of the new BMW 5 Series. The driver-oriented cockpit in Black Panel technology, the multifunction steering wheel featured as standard, the two highly functional steering wheel columns, and the separation of driving and comfort functions further enhance the feeling of supremacy at the wheel.
BMW India
Headquartered in Gurgaon (National Capital Region) BMW India is a 100% subsidiary of the BMW Group. The initial investment in India is 1.1 billion Indian Rupees. The wide range of BMW activities in India include the establishment of a production plant in Chennai (Tamil Nadu) and development of a dealer organisation across major metropolitan centres of the country. In medium term, BMW India has employed around 200 people; up to 600 additional jobs have been created in the dealer and service network. The BMW Plant Chennai produces the BMW 3 Series and BMW 5 Series Sedans in petrol and diesel variants and has a capacity to produce 3000 units per year on a single shift basis. Presently, BMW India is present at 17 locations in the Indian market. BMW India has also established an International Purchasing Office (IPO) at its headquarters in Gurgaon. The IPO will focus on the development of exports from India to the BMW Group International Production Network and work towards increasing the sourcing share from India over the coming years.
The BMW Group
The BMW Group is one of the most successful manufacturers of automobiles and motorcycles in the world with its BMW, MINI and Rolls-Royce brands. As a global company, the BMW Group operates 24 production facilities in 13 countries and has a global sales network in more than 140 countries. The BMW Group achieved a global sales volume of approximately 1.29 million automobiles and over 87,000 motorcycles for the 2009 financial year. The pre-tax profit for 2009 was euro 413 million, revenues totalled euro 50.68 billion. At 31 December 2009, the company employed a global workforce of approximately 96,000 associates. The success of the BMW Group has always been built on long-term thinking and responsible action. The company has therefore established ecological and social sustainability throughout the value chain, comprehensive product responsibility and a clear commitment to conserving resources as an integral part of its strategy. As a result of its efforts, the BMW Group has been ranked industry leader in the Dow Jones Sustainability Indexes for the last five years.
Internet: www.BMW.in
To view the photograph, please click on the link given below:
Mr. Peter Kronschnabl with new BMW 5 Series
CONTACT DETAILS
Abhay Dange, General Manager, Press and Corporate Affairs, BMW India, +91 9910481013/ +91 (124) 4566 600, Abhay.Dange@BMW.in
Richa Sharma, Executive, Press and Corporate Affairs, BMW India, +91 9910022148/ +91 (124) 4566656, Richa.Sharma@partner.BMW.in
KEYWORDS
CONSUMER, MARKETING, AUTOMOTIVE, BUSINESS SERVICES, MEDIA, RETAIL, AUTOMOTIVE
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Source: BMW India
Friday, April 30, 2010 01:00 PM IST (07:30 AM GMT)
Editors: General: Consumer interest; Business: Advertising, PR & marketing, Automotives, Business services, Media & entertainment, Retailers; Automotive
--------------------------------------------------
The New BMW 5 Series Launched in India
Sixth generation of the immensely successful BMW 5 Series is truly an "Exploration of Beauty"; Inspiring design, flawless workmanship, exhilarating drive, fascinating performance, the new BMW 5 Series shares the vehicle architecture of the BMW 7 Series conveying all the Sheer Driving Pleasure typical of BMW
Mumbai, Maharashtra, India, Friday, April 30, 2010 -- (Business Wire India) -- The new BMW 5 Series was unveiled today at the exclusive BMW pavilion which has been specially constructed for the launch in India.
The new BMW 5 Series is available in two petrol variants - 535i and 523i and two diesel variants - 530d and 525d and can be ordered at BMW dealerships across India.
Speaking on the occasion, Mr. Peter Kronschnabl, President, BMW India said, "The 5 Series is the core model in our product portfolio. Each generation of the BMW 5 Series has been a winner and has played a major role in the company's success around the world. And we intend to keep it that way in India. You can imagine what high expectations we have of the new BMW 5 Series Sedan: It has to live up to its highly successful predecessor both in terms of innovative technology and sales achievements."
"Splendid design, flawless workmanship, driver orientation with ideally placed instruments and intuitive operation, the new BMW 5 Series embodies a formula to captivate the senses. The new BMW 5 Series is everything a BMW sedan is meant to be: aesthetic, dynamic and efficient." Mr. Peter Kronschnabl, President, BMW India further added.
The BMW 5 Series has significantly contributed to the success and image of BMW in India. BMW India has sold over 3600 units of the 5 Series in India since 2007.
The all India ex-showroom prices in INR are as follows.
The new BMW 523i : 38,90,000
The new BMW 525d : 39,90,000
The new BMW 530d : 45,90,000
Note: Ex-showroom price excludes RTO registration charges, tax, insurance, handling charges; Octroi and entry tax (as applicable). The above ex-showroom prices are exclusive of sales tax / VAT applicable on sale to the customer. Prices and options are subject to change without prior notice.
The 523i, 525d and 530d will be produced at the BMW Plant Chennai. The 535i will be available as a CBU (completely built-up unit) and will have an ex-showroom price of INR 58,00,000.
The new BMW 5 Series will be available in Alpine White as non-metallic paintwork and in the following metallic colours: Space Grey, Titanium Silver, Black Sapphire, Havanna, Cashmere Silver, Deep Sea Blue, Milano Beige, Imperial Blue Brilliant Effect and Sophisto Grey Brilliant Effect.
Dakota leather is the standard upholstery for the new BMW 5 Series and is available in the following colour combinations: Oyster / Black, Black / Black, Vento Beige / Vento Beige, Oyster / Oyster dark and Cinnamon Brown / Black. The following interior trims are available: Fine-wood trim Ash Grain Brown and Fine-wood trim 'Fine line" anthracite.
The new BMW 5 Series: Description in Brief
The sixth generation of BMW's immensely successful four-door stands out through modern aesthetics in design, conveys all of the Sheer Driving Pleasure so typical of BMW and offers unparalleled luxury in the upper midrange segment.
The sophisticated aesthetics and dynamic looks of the new BMW 5 Series Sedan are the result of perfectly balanced proportions. Again in the typical style of the brand, the new BMW 5 Series Sedan boasts of a long and contoured engine compartment lid, short overhangs, a coupé-like flowing roofline as well as the longest wheelbase in the segment. The charismatic flair of the upright front section and the BMW kidney grill inclined slightly forward from certain perspectives, the stylish elegance of the side view and the muscular sportiness of the rear end all come together in typical BMW design language to provide an outstanding look of style and supremacy.
Within the interior, horizontal surfaces and exciting lines create a truly generous and harmonious ambience. The clear structure of the cockpit enhances the high level of driver orientation, while the stylish, modern design of the interior is further refined by top-quality material and tastefully composed colour combinations.
The new BMW 5 Series Sedan is entering the market with the world's first straight-six petrol engine with Twin Power Turbo, High Precision Injection and Valvetronic (225 kW/306 hp) in the BMW 535i as well as straight-six petrol engine in the BMW 523i (150 kW/204 hp). The latest generation of straight-six diesels featuring an all-aluminium crankcase and common-rail direct injection develop 180 kW/245 hp in BMW 530d and 150 kW/204 hp in BMW 525d.
Eight-speed automatic transmission comes standard with the BMW 523i and the BMW 525d. Eight Speed Sports Automatic transmission with shift paddles on the steering wheel is standard feature on the BMW 535i and the BMW 530d. With its innovative gear set configuration, a unique level of inner efficiency and optimised weight, the eight-speed automatic transmission combines outstanding gearshift comfort, dynamic performance and efficiency of the highest level.
The combination of a double track arm front axle and the Integral-V rear axle ensures supreme driving dynamics and motoring comfort all in one. Further efficiency is provided by Electric Power Steering (EPS) including Servotronic as standard feature for the first time in the BMW 5 Series. The clearly structured cockpit and intuitive controls enhance Sheer Driving Pleasure in typical BMW style to an even higher level, at the same time underlining the sophisticated ambience within the passenger compartment of the new BMW 5 Series. The driver-oriented cockpit in Black Panel technology, the multifunction steering wheel featured as standard, the two highly functional steering wheel columns, and the separation of driving and comfort functions further enhance the feeling of supremacy at the wheel.
BMW India
Headquartered in Gurgaon (National Capital Region) BMW India is a 100% subsidiary of the BMW Group. The initial investment in India is 1.1 billion Indian Rupees. The wide range of BMW activities in India include the establishment of a production plant in Chennai (Tamil Nadu) and development of a dealer organisation across major metropolitan centres of the country. In medium term, BMW India has employed around 200 people; up to 600 additional jobs have been created in the dealer and service network. The BMW Plant Chennai produces the BMW 3 Series and BMW 5 Series Sedans in petrol and diesel variants and has a capacity to produce 3000 units per year on a single shift basis. Presently, BMW India is present at 17 locations in the Indian market. BMW India has also established an International Purchasing Office (IPO) at its headquarters in Gurgaon. The IPO will focus on the development of exports from India to the BMW Group International Production Network and work towards increasing the sourcing share from India over the coming years.
The BMW Group
The BMW Group is one of the most successful manufacturers of automobiles and motorcycles in the world with its BMW, MINI and Rolls-Royce brands. As a global company, the BMW Group operates 24 production facilities in 13 countries and has a global sales network in more than 140 countries. The BMW Group achieved a global sales volume of approximately 1.29 million automobiles and over 87,000 motorcycles for the 2009 financial year. The pre-tax profit for 2009 was euro 413 million, revenues totalled euro 50.68 billion. At 31 December 2009, the company employed a global workforce of approximately 96,000 associates. The success of the BMW Group has always been built on long-term thinking and responsible action. The company has therefore established ecological and social sustainability throughout the value chain, comprehensive product responsibility and a clear commitment to conserving resources as an integral part of its strategy. As a result of its efforts, the BMW Group has been ranked industry leader in the Dow Jones Sustainability Indexes for the last five years.
Internet: www.BMW.in
To view the photograph, please click on the link given below:
Mr. Peter Kronschnabl with new BMW 5 Series
CONTACT DETAILS
Abhay Dange, General Manager, Press and Corporate Affairs, BMW India, +91 9910481013/ +91 (124) 4566 600, Abhay.Dange@BMW.in
Richa Sharma, Executive, Press and Corporate Affairs, BMW India, +91 9910022148/ +91 (124) 4566656, Richa.Sharma@partner.BMW.in
KEYWORDS
CONSUMER, MARKETING, AUTOMOTIVE, BUSINESS SERVICES, MEDIA, RETAIL, AUTOMOTIVE
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: QAI Announces the 1st International Colloquium on High Maturity Best Practices
Press release from Business Wire India
Source: QAI
Friday, April 30, 2010 11:46 AM IST (06:16 AM GMT)
Editors: General: Consumer interest; Business: Advertising, PR & marketing, Business services, Education & training, Information technology; Technology
--------------------------------------------------
QAI Announces the 1st International Colloquium on High Maturity Best Practices
HMBP 2010 Colloquium to Demystify the Concepts of CMMI® High Maturity Implementation
New Delhi, Delhi, India, Friday, April 30, 2010 -- (Business Wire India) -- (www.qaiglobal.com), the world's leading Operational Excellence consulting and workforce development firm, announces the first International Colloquium on High Maturity Best Practices (HMBP 2010)(http://www.qaiglobal.com/minisites/HMBP_2010/WEBSITE/index.htm) to be held in Bangalore on May 21st, 2010. The theme of HMBP 2010 is "Demystifying High Maturity", with key focus on simplifying the High Maturity practices, propagating it's benefits and knowledge sharing for the attendees. It aims to bring together practitioners and thought leaders from the industry, academia and government for sharing and exchanging ideas and learnings in the area of CMMI® High Maturity. With more than 200+ delegates expected, the colloquium, in its 1st year, aims to evangelize the adoption of CMMI® High Maturity best practices to overcome business challenges and understand the implementation nuances of CMMI® High Maturity Process Areas.
Supported by various SPINS, co-sponsored by Capgemini and the online media partner-CIOL, HMBP 2010 will address some latest and topical issues like - 'High Maturity: Focus on ROI'; 'Customer's view on High Maturity: Their Gain?'; 'What it takes to Reach High Maturity'; 'Leveraging High Maturity in the Services Environment and for Workforce Development'; 'Statistical Tools and Techniques for High Maturity'; 'CMMI® High Maturity: Success Stories, Roadblocks, Challenges and Remedies' etc., across tracks through knowledge-packed sessions with speakers of international repute & gurus, leading service providers and organizations, from all over the world, sharing their real world experience.
Delegates attending will be the representatives from the leading organizations and service providers in the Asia Pacific region including CIOs, CTOs, COOs and IT Professionals, Quality Heads, SEPG Heads and Operation Heads, Members of Engineering Process Group / Quality Assurance Group, IT Application, Project and Business Managers, Process Improvement Consultants, CMMI® Lead Appraisers and others. There has also been widespread interest from various international delegations like Singapore, Malaysia, South Korea, Sri Lanka and Australia, to participate in the colloquium as it offers one of the rare opportunities to meet the industry experts and gurus.
For over 15 years, QAI has brought together international representatives and recognized thought-leaders to share information, learn new software quality processes, and discuss software practices through a number of prestigious events like Asia SEPG Conference, Project Management Leadership Conference (PML), 'Software Estimation Colloquium (SEC), IT Service Management Conference (ITSM)' and the International Software Testing Conference (STC).
About QAI:
QAI is a leading global consulting and workforce development organization addressing 'Operational Excellence' in IT, BPO and Knowledge intensive service organizations.
QAI Global Services, the consulting division of QAI, addresses the space of Operational Excellence which includes the areas of Process Management, Quality Management, Innovation Management, Project Management, IT Service Management and others.
QAI Global Institute, the Competency Development division of QAI, focuses on creating international Education and Training products and services to address the Competence Development, Assessments and Certifications to cater to the large pool of manpower requiring skills for increased employability.
QAI is currently servicing over 200 clients in 30 countries and our regional bases are located in US, India, UK, China, Singapore, Malaysia and Canada.
CONTACT DETAILS
Pooja Bhalla, QAI, +91 9811155798, pooja.bhalla@qaiglobal.com
KEYWORDS
CONSUMER, MARKETING, BUSINESS SERVICES, EDUCATION, IT, TECHNOLOGY
If you wish to change your Business Wire India selection please click on this link http://www.businesswireindia.com/media/news.asp and use your personal username and password to login.
Submit your press release at http://www.businesswireindia.com
Source: QAI
Friday, April 30, 2010 11:46 AM IST (06:16 AM GMT)
Editors: General: Consumer interest; Business: Advertising, PR & marketing, Business services, Education & training, Information technology; Technology
--------------------------------------------------
QAI Announces the 1st International Colloquium on High Maturity Best Practices
HMBP 2010 Colloquium to Demystify the Concepts of CMMI® High Maturity Implementation
New Delhi, Delhi, India, Friday, April 30, 2010 -- (Business Wire India) -- (www.qaiglobal.com), the world's leading Operational Excellence consulting and workforce development firm, announces the first International Colloquium on High Maturity Best Practices (HMBP 2010)(http://www.qaiglobal.com/minisites/HMBP_2010/WEBSITE/index.htm) to be held in Bangalore on May 21st, 2010. The theme of HMBP 2010 is "Demystifying High Maturity", with key focus on simplifying the High Maturity practices, propagating it's benefits and knowledge sharing for the attendees. It aims to bring together practitioners and thought leaders from the industry, academia and government for sharing and exchanging ideas and learnings in the area of CMMI® High Maturity. With more than 200+ delegates expected, the colloquium, in its 1st year, aims to evangelize the adoption of CMMI® High Maturity best practices to overcome business challenges and understand the implementation nuances of CMMI® High Maturity Process Areas.
Supported by various SPINS, co-sponsored by Capgemini and the online media partner-CIOL, HMBP 2010 will address some latest and topical issues like - 'High Maturity: Focus on ROI'; 'Customer's view on High Maturity: Their Gain?'; 'What it takes to Reach High Maturity'; 'Leveraging High Maturity in the Services Environment and for Workforce Development'; 'Statistical Tools and Techniques for High Maturity'; 'CMMI® High Maturity: Success Stories, Roadblocks, Challenges and Remedies' etc., across tracks through knowledge-packed sessions with speakers of international repute & gurus, leading service providers and organizations, from all over the world, sharing their real world experience.
Delegates attending will be the representatives from the leading organizations and service providers in the Asia Pacific region including CIOs, CTOs, COOs and IT Professionals, Quality Heads, SEPG Heads and Operation Heads, Members of Engineering Process Group / Quality Assurance Group, IT Application, Project and Business Managers, Process Improvement Consultants, CMMI® Lead Appraisers and others. There has also been widespread interest from various international delegations like Singapore, Malaysia, South Korea, Sri Lanka and Australia, to participate in the colloquium as it offers one of the rare opportunities to meet the industry experts and gurus.
For over 15 years, QAI has brought together international representatives and recognized thought-leaders to share information, learn new software quality processes, and discuss software practices through a number of prestigious events like Asia SEPG Conference, Project Management Leadership Conference (PML), 'Software Estimation Colloquium (SEC), IT Service Management Conference (ITSM)' and the International Software Testing Conference (STC).
About QAI:
QAI is a leading global consulting and workforce development organization addressing 'Operational Excellence' in IT, BPO and Knowledge intensive service organizations.
QAI Global Services, the consulting division of QAI, addresses the space of Operational Excellence which includes the areas of Process Management, Quality Management, Innovation Management, Project Management, IT Service Management and others.
QAI Global Institute, the Competency Development division of QAI, focuses on creating international Education and Training products and services to address the Competence Development, Assessments and Certifications to cater to the large pool of manpower requiring skills for increased employability.
QAI is currently servicing over 200 clients in 30 countries and our regional bases are located in US, India, UK, China, Singapore, Malaysia and Canada.
CONTACT DETAILS
Pooja Bhalla, QAI, +91 9811155798, pooja.bhalla@qaiglobal.com
KEYWORDS
CONSUMER, MARKETING, BUSINESS SERVICES, EDUCATION, IT, TECHNOLOGY
If you wish to change your Business Wire India selection please click on this link http://www.businesswireindia.com/media/news.asp and use your personal username and password to login.
Submit your press release at http://www.businesswireindia.com
BWI: Dax Networks Launches DX-509MG Series
Press release from Business Wire India
Source: Dax Networks
Friday, April 30, 2010 10:21 AM IST (04:51 AM GMT)
Editors: General: Consumer interest; Business: Advertising, PR & marketing, Business services, Electronic appliances & components, Information technology; Technology
--------------------------------------------------
Dax Networks Launches DX-509MG Series
An Ethernet Managed Switch Ideal for Retail Applications and Broadband Distribution
Chennai, Tamil Nadu, India, Friday, April 30, 2010 -- (Business Wire India) -- Dax Networks, one of the top Networking companies in India, today launched DX-509MG Series, a range of high performance L2 Managed Fast Ethernet Switches. Priced at Rs 49,000/-, the DX-509MG Series is ideal for Retail applications and Broadband distribution.
DX-509MG Series comprises three models - the basic model (DX-509MG), the enhanced model (DX-509MGE) and the POE model (DX-509MG-POE).The DX-509MG series are designed for networks where the number of users being connected is minimum. The presence of eight 10/100 ports, eight RJ45 connectors and one Gigabit combo uplink port makes it ideal for connecting end point PCs at the access level in a campus network.
Secure Switching
DX-509MG Series adopts full Access Control List (ACL) policy. The switch also supports 802.1X authentication and RADIUS, providing the ability to network securely. It has a Security IP function restricting unauthorized users from accessing and altering configurations. SSH protocol and HTTPS/SSL connection guarantees maximum security of switch configuration.
IPv6 Enabled
The enhanced version (DX-509MGE) supports IPv6/IPv4 dual stack, helping protect the customer's investment. This version also supports IPv6 host, manager and application.
Power over Ethernet
The DX-509MG POE model supports a full load for connecting all ports to any POE enabled device like IP Cameras, IP Phones, Access Points, etc. The switch simultaneously provides up to 15.4 Watts to the powered devices (PD) which conforms to IEEE 802.3af and pre-802.3af devices.
With IEEE 802.1p Quality of Service (QoS) feature, the DX-509MG Series provides the capability to prioritize various tasks on the network, a crucial function for integrating voice and data over a switched network. Rate-limiting based on port, preserves network bandwidth and allows maximum control of network resources.
Dax DX-509MG Series supports SNMP, in-band and out-band management, CLI and WEB interface and RMON.
DX-509MG Series comes with a 3-year carry-in warranty and online support for customers. Dax plans to market this product through its network of Authorized Dax Solution Providers (ADSPs) and system integrators.
About Dax Networks
Part of Apcom Group, Dax Networks is one of the top Networking companies in India. Today, Dax has the widest array of networking products available in India, meeting the "edge to core" needs of all given vertical segments such as Government, Telecom, ISP, Financial Services, Education, Defence, and Corporate segments. Dax's primary focus has been to bring in world-class products to India and provide India-centric solutions that enable domestic firms to save on networking capital expenditure.
To view the photograph, please click on the link given below:
Dx-509MG Series
For picture(s)/data to illustrate this release click below:
http://www.BusinessWireIndia.com/attachments/Pic_1(304).jpg
Pic_1(304).jpg
CONTACT DETAILS
Thirupura Pradeep, Dax Networks, +91 (44) 4292 3558, thirupura@dax.in
Nishant Maller, 20:20 MEDIA, +91 (44) 30985600, nishant@2020india.com
KEYWORDS
CONSUMER, MARKETING, BUSINESS SERVICES, ELECTRONICS, IT, TECHNOLOGY
If you wish to change your Business Wire India selection please click on this link http://www.businesswireindia.com/media/news.asp and use your personal username and password to login.
Submit your press release at http://www.businesswireindia.com
Source: Dax Networks
Friday, April 30, 2010 10:21 AM IST (04:51 AM GMT)
Editors: General: Consumer interest; Business: Advertising, PR & marketing, Business services, Electronic appliances & components, Information technology; Technology
--------------------------------------------------
Dax Networks Launches DX-509MG Series
An Ethernet Managed Switch Ideal for Retail Applications and Broadband Distribution
Chennai, Tamil Nadu, India, Friday, April 30, 2010 -- (Business Wire India) -- Dax Networks, one of the top Networking companies in India, today launched DX-509MG Series, a range of high performance L2 Managed Fast Ethernet Switches. Priced at Rs 49,000/-, the DX-509MG Series is ideal for Retail applications and Broadband distribution.
DX-509MG Series comprises three models - the basic model (DX-509MG), the enhanced model (DX-509MGE) and the POE model (DX-509MG-POE).The DX-509MG series are designed for networks where the number of users being connected is minimum. The presence of eight 10/100 ports, eight RJ45 connectors and one Gigabit combo uplink port makes it ideal for connecting end point PCs at the access level in a campus network.
Secure Switching
DX-509MG Series adopts full Access Control List (ACL) policy. The switch also supports 802.1X authentication and RADIUS, providing the ability to network securely. It has a Security IP function restricting unauthorized users from accessing and altering configurations. SSH protocol and HTTPS/SSL connection guarantees maximum security of switch configuration.
IPv6 Enabled
The enhanced version (DX-509MGE) supports IPv6/IPv4 dual stack, helping protect the customer's investment. This version also supports IPv6 host, manager and application.
Power over Ethernet
The DX-509MG POE model supports a full load for connecting all ports to any POE enabled device like IP Cameras, IP Phones, Access Points, etc. The switch simultaneously provides up to 15.4 Watts to the powered devices (PD) which conforms to IEEE 802.3af and pre-802.3af devices.
With IEEE 802.1p Quality of Service (QoS) feature, the DX-509MG Series provides the capability to prioritize various tasks on the network, a crucial function for integrating voice and data over a switched network. Rate-limiting based on port, preserves network bandwidth and allows maximum control of network resources.
Dax DX-509MG Series supports SNMP, in-band and out-band management, CLI and WEB interface and RMON.
DX-509MG Series comes with a 3-year carry-in warranty and online support for customers. Dax plans to market this product through its network of Authorized Dax Solution Providers (ADSPs) and system integrators.
About Dax Networks
Part of Apcom Group, Dax Networks is one of the top Networking companies in India. Today, Dax has the widest array of networking products available in India, meeting the "edge to core" needs of all given vertical segments such as Government, Telecom, ISP, Financial Services, Education, Defence, and Corporate segments. Dax's primary focus has been to bring in world-class products to India and provide India-centric solutions that enable domestic firms to save on networking capital expenditure.
To view the photograph, please click on the link given below:
Dx-509MG Series
For picture(s)/data to illustrate this release click below:
http://www.BusinessWireIndia.com/attachments/Pic_1(304).jpg
Pic_1(304).jpg
CONTACT DETAILS
Thirupura Pradeep, Dax Networks, +91 (44) 4292 3558, thirupura@dax.in
Nishant Maller, 20:20 MEDIA, +91 (44) 30985600, nishant@2020india.com
KEYWORDS
CONSUMER, MARKETING, BUSINESS SERVICES, ELECTRONICS, IT, TECHNOLOGY
If you wish to change your Business Wire India selection please click on this link http://www.businesswireindia.com/media/news.asp and use your personal username and password to login.
Submit your press release at http://www.businesswireindia.com
Thursday, April 29, 2010
BWI: AMUL Bags International Dairy Federation Award and Srishti G-Cube Award for Good Green Governance – 2009
Press release from Business Wire India
Source: Amul
Thursday, April 29, 2010 06:53 PM IST (01:23 PM GMT)
Editors: General: Food & drink, Social issues; Business: Commodities & materials
--------------------------------------------------
AMUL Bags International Dairy Federation Award and Srishti G-Cube Award for Good Green Governance - 2009
Anand, Gujarat, India, Thursday, April 29, 2010 -- (Business Wire India) -- When we are about to celebrate Swarnim Gujarat, Amul has brought one more laurel not only for Gujarat, but for whole of India.
At a celebratory gala dinner at the Knight's Hall, Residenz Palace, Salzburg, Austria on 28 April 2010, attended by over 150 dairy industry representatives from all over the world Mr. Richard Doyle, President, International Dairy Federation, presented an award to Shri Parthibhai Bhatol, Chairman, and Dr. S. T. Desai, General Manager (Cooperative Services and Administration), GCMMF (Gujarat Co-operative Milk Marketing Federation Ltd.). The award was given to GCMMF (Amul) for the best environmental initiative in the "sustainability category" during the 4th Global Dairy Conference held from 27th April to 29th April 2010 at Salzburg Congress Centre, Austria.
IDF, every year gives dairy innovation awards to its members in various categories like brand and products, nutrition and health, sustainability, packaging, ingredients and marketing.
The inaugural awards programme attracted over 170 entries from 29 countries in 12 categories, designed to reward and champion innovation and excellence in the global dairy industry.
The award has been given to Amul by IDF for its environmental initiative for tree plantation. . As a first step on 15th August 2007 the milk producers of more than 15,000 village dairy cooperative societies planted 18.9 lakh tree saplings across 19 districts of Gujarat, after the flag hoisting ceremony. Initially "One member, one tree plantation" was the basis. Inspired by the thumping success, they carried out similar exercise on 15th August 2008 on "one member, three tree plantation" basis, in which 52.74 lakh tree saplings were planted.
In the year 2009, the milk producer members again conducted mass tree plantation drive on Independence Day. After the flag hoisting, each member took an oath to look after the sapling till it grows into a tree. Upgrading the green movement, they planted around 84.04 lakh saplings on "one member, five tree plantation" basis. Hence in the last three years milk producers of Amul have planted around 155.68 lakh tree saplings.
Earlier on 3rd October 2007, Amul had received IDF award at Dublin, Ireland for Nutri-marketing initiative in Nutrition and Health category for launch of Pro-biotic ice-cream for the first time in the world.
Amul has also bagged the prestigious Srishti G-Cube Award for Good Green Governance in the service category. At a glittering function held at New Delhi on April 22, 2010 H.E. Shri Muralidhar Chandrakant Bhandare, Hon'ble Governor of Orissa presented the award. Shri D. K. Bhatnagar, Asst. Manager (Admn. & Personnel), New Delhi received the award on behalf of the Gujarat Co-operative Milk Marketing Federation (marketing body of Amul) the apex marketing federation of 13 District Milk Unions of Gujarat.
SRISHTI GREEN CUBE AWARDS are Annual Awards for Good Green Governance for going extra step beyond required compliance. The awards are positioned as "Thank you notes" from our society at large and to present the winners as examples for their peers to follow.
Amul has been in the forefront of White Revolution through milk cooperative movement since independence. Now, by receiving these awards, it has shown the resolve of the milk producers towards betterment of our environment through tree plantation
Both these awards were conferred on GCMMF (Amul) in recognition of the untiring efforts of its milk producing members and the employees of the dairies for their commitment for betterment of environment.
Please click the link mentioned below to view the picture:
IDF Award
For picture(s)/data to illustrate this release click below:
http://www.BusinessWireIndia.com/attachments/idf award-28-4-10-5.jpg
idf award-28-4-10-5.jpg
CONTACT DETAILS
Col. R. K. Sinha, OSD, HR & Corporate Communications, G.C.M.M.F. Ltd, +91 9377620900, rksinha@amul.coop
KEYWORDS
FOOD, SOCIAL, COMMODITIES
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Source: Amul
Thursday, April 29, 2010 06:53 PM IST (01:23 PM GMT)
Editors: General: Food & drink, Social issues; Business: Commodities & materials
--------------------------------------------------
AMUL Bags International Dairy Federation Award and Srishti G-Cube Award for Good Green Governance - 2009
Anand, Gujarat, India, Thursday, April 29, 2010 -- (Business Wire India) -- When we are about to celebrate Swarnim Gujarat, Amul has brought one more laurel not only for Gujarat, but for whole of India.
At a celebratory gala dinner at the Knight's Hall, Residenz Palace, Salzburg, Austria on 28 April 2010, attended by over 150 dairy industry representatives from all over the world Mr. Richard Doyle, President, International Dairy Federation, presented an award to Shri Parthibhai Bhatol, Chairman, and Dr. S. T. Desai, General Manager (Cooperative Services and Administration), GCMMF (Gujarat Co-operative Milk Marketing Federation Ltd.). The award was given to GCMMF (Amul) for the best environmental initiative in the "sustainability category" during the 4th Global Dairy Conference held from 27th April to 29th April 2010 at Salzburg Congress Centre, Austria.
IDF, every year gives dairy innovation awards to its members in various categories like brand and products, nutrition and health, sustainability, packaging, ingredients and marketing.
The inaugural awards programme attracted over 170 entries from 29 countries in 12 categories, designed to reward and champion innovation and excellence in the global dairy industry.
The award has been given to Amul by IDF for its environmental initiative for tree plantation. . As a first step on 15th August 2007 the milk producers of more than 15,000 village dairy cooperative societies planted 18.9 lakh tree saplings across 19 districts of Gujarat, after the flag hoisting ceremony. Initially "One member, one tree plantation" was the basis. Inspired by the thumping success, they carried out similar exercise on 15th August 2008 on "one member, three tree plantation" basis, in which 52.74 lakh tree saplings were planted.
In the year 2009, the milk producer members again conducted mass tree plantation drive on Independence Day. After the flag hoisting, each member took an oath to look after the sapling till it grows into a tree. Upgrading the green movement, they planted around 84.04 lakh saplings on "one member, five tree plantation" basis. Hence in the last three years milk producers of Amul have planted around 155.68 lakh tree saplings.
Earlier on 3rd October 2007, Amul had received IDF award at Dublin, Ireland for Nutri-marketing initiative in Nutrition and Health category for launch of Pro-biotic ice-cream for the first time in the world.
Amul has also bagged the prestigious Srishti G-Cube Award for Good Green Governance in the service category. At a glittering function held at New Delhi on April 22, 2010 H.E. Shri Muralidhar Chandrakant Bhandare, Hon'ble Governor of Orissa presented the award. Shri D. K. Bhatnagar, Asst. Manager (Admn. & Personnel), New Delhi received the award on behalf of the Gujarat Co-operative Milk Marketing Federation (marketing body of Amul) the apex marketing federation of 13 District Milk Unions of Gujarat.
SRISHTI GREEN CUBE AWARDS are Annual Awards for Good Green Governance for going extra step beyond required compliance. The awards are positioned as "Thank you notes" from our society at large and to present the winners as examples for their peers to follow.
Amul has been in the forefront of White Revolution through milk cooperative movement since independence. Now, by receiving these awards, it has shown the resolve of the milk producers towards betterment of our environment through tree plantation
Both these awards were conferred on GCMMF (Amul) in recognition of the untiring efforts of its milk producing members and the employees of the dairies for their commitment for betterment of environment.
Please click the link mentioned below to view the picture:
IDF Award
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idf award-28-4-10-5.jpg
CONTACT DETAILS
Col. R. K. Sinha, OSD, HR & Corporate Communications, G.C.M.M.F. Ltd, +91 9377620900, rksinha@amul.coop
KEYWORDS
FOOD, SOCIAL, COMMODITIES
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BWI: Max Bupa Health Insurance Launches in India
Press release from Business Wire India
Source: Max Bupa Health Insurance
Thursday, April 29, 2010 05:00 PM IST (11:30 AM GMT)
Editors: General: Consumer interest; Business: Advertising, PR & marketing, Banking & financial services, Business services, Financial Analyst; Healthcare
--------------------------------------------------
Max Bupa Health Insurance Launches in India
New Venture Brings the Expertise and Knowledge of its Two Parent Companies - Max India and Bupa to Health Insurance in India
New Delhi, Delhi, India, Thursday, April 29, 2010 -- (Business Wire India) -- Max India Limited, a major multi-business corporation with expertise in life insurance and health care, and Bupa, an international healthcare company, today announced the launch of Max Bupa Health Insurance, a new health insurer for India. The company will initially start operations in six key cities: Delhi, Mumbai, Bangalore, Chennai, Hyderabad and Pune.
Max Bupa also unveiled its first product Heartbeat Health Insurance. 'Heartbeat' is a comprehensive individual and family-focused health insurance product designed to help customers care for their health proactively at every stage of their lives.
Max Bupa's Heartbeat Health Insurance is a totally new and innovative approach to health insurance in India. Heartbeat covers whole families - from newborns to senior citizens of any age - marking a significant milestone in the health insurance industry. Max Bupa's Heartbeat Health Insurance, which is available in three levels (platinum, gold and silver), provides cover for expenses including in-patient treatment, pre- and post-hospitalization, maternity and childcare benefits. It also provides access to health advice and regular health checkups. With an aim to drive a strong and direct relationship with its customers, Max Bupa will service its customers' claims directly, without third party administrators.
Speaking at the launch of Max Bupa Health Insurance, Analjit Singh, Chairman, Max India said:
"Our entry into health insurance is a logical extension of our focus on the businesses of life. At Max India Group, service excellence is the key driver for all our businesses and in this new venture we aim to replicate this proposition. Through this partnership with Bupa which has international expertise in creating and delivering differentiated health insurance solutions, we are confident we will raise the bar for health insurance in India. Our customers will benefit due to our experience and understanding of the Life Insurance and Healthcare sector"
Ray King, Chief Executive, Bupa Group said,
"Our innovative Indian health insurance and wellness services focus on the customer. Bupa believes that our success depends on providing access to high quality healthcare. We are committed to helping people live longer, healthier and happier lives, and we aim to build lasting relationship with our customers in India to become their healthcare partners for life."
Dr. Damien Marmion, Chief Executive, Max Bupa Health Insurance said,
"Max Bupa wants to build a long-term relationship with our customers and their families, and we'll do this by understanding and addressing our customer's needs better than anyone else could. We are looking to become healthcare partners, through regular dialogue with them, and not limiting our relationship with our customers to annual transactions."
CONTACT DETAILS
Farheen Akhtar, Head- Corporate Communications, Max Bupa Health Insurance, +91 (11) 30902000/+91 (11) 30902120, farheen.akhtar@maxbupa.com
KEYWORDS
CONSUMER, MARKETING, BANKING, BUSINESS SERVICES, Financial Analyst, HEALTHCARE
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Source: Max Bupa Health Insurance
Thursday, April 29, 2010 05:00 PM IST (11:30 AM GMT)
Editors: General: Consumer interest; Business: Advertising, PR & marketing, Banking & financial services, Business services, Financial Analyst; Healthcare
--------------------------------------------------
Max Bupa Health Insurance Launches in India
New Venture Brings the Expertise and Knowledge of its Two Parent Companies - Max India and Bupa to Health Insurance in India
New Delhi, Delhi, India, Thursday, April 29, 2010 -- (Business Wire India) -- Max India Limited, a major multi-business corporation with expertise in life insurance and health care, and Bupa, an international healthcare company, today announced the launch of Max Bupa Health Insurance, a new health insurer for India. The company will initially start operations in six key cities: Delhi, Mumbai, Bangalore, Chennai, Hyderabad and Pune.
Max Bupa also unveiled its first product Heartbeat Health Insurance. 'Heartbeat' is a comprehensive individual and family-focused health insurance product designed to help customers care for their health proactively at every stage of their lives.
Max Bupa's Heartbeat Health Insurance is a totally new and innovative approach to health insurance in India. Heartbeat covers whole families - from newborns to senior citizens of any age - marking a significant milestone in the health insurance industry. Max Bupa's Heartbeat Health Insurance, which is available in three levels (platinum, gold and silver), provides cover for expenses including in-patient treatment, pre- and post-hospitalization, maternity and childcare benefits. It also provides access to health advice and regular health checkups. With an aim to drive a strong and direct relationship with its customers, Max Bupa will service its customers' claims directly, without third party administrators.
Speaking at the launch of Max Bupa Health Insurance, Analjit Singh, Chairman, Max India said:
"Our entry into health insurance is a logical extension of our focus on the businesses of life. At Max India Group, service excellence is the key driver for all our businesses and in this new venture we aim to replicate this proposition. Through this partnership with Bupa which has international expertise in creating and delivering differentiated health insurance solutions, we are confident we will raise the bar for health insurance in India. Our customers will benefit due to our experience and understanding of the Life Insurance and Healthcare sector"
Ray King, Chief Executive, Bupa Group said,
"Our innovative Indian health insurance and wellness services focus on the customer. Bupa believes that our success depends on providing access to high quality healthcare. We are committed to helping people live longer, healthier and happier lives, and we aim to build lasting relationship with our customers in India to become their healthcare partners for life."
Dr. Damien Marmion, Chief Executive, Max Bupa Health Insurance said,
"Max Bupa wants to build a long-term relationship with our customers and their families, and we'll do this by understanding and addressing our customer's needs better than anyone else could. We are looking to become healthcare partners, through regular dialogue with them, and not limiting our relationship with our customers to annual transactions."
CONTACT DETAILS
Farheen Akhtar, Head- Corporate Communications, Max Bupa Health Insurance, +91 (11) 30902000/+91 (11) 30902120, farheen.akhtar@maxbupa.com
KEYWORDS
CONSUMER, MARKETING, BANKING, BUSINESS SERVICES, Financial Analyst, HEALTHCARE
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BWI: Dimensions Group Celebrates a Decade of Operations in India
Press release from Business Wire India
Source: Dimensions Group
Thursday, April 29, 2010 05:02 PM IST (11:32 AM GMT)
Editors: General: Consumer interest; Business: Advertising, PR & marketing, Business services, Information technology; Technology
--------------------------------------------------
Dimensions Group Celebrates a Decade of Operations in India
Mumbai, Maharashtra, India, Thursday, April 29, 2010 -- (Business Wire India) -- Dimensions Group, a privately held group of 8 companies, has completed 10 years of operations in India. Headquartered in Technopark, Trivandrum the group has operations in India, US, Europe and Middle east with around 500 employees worldwide. The group was established in early 2000 and focuses on technology solutions, IT services & Animation.
Commenting on the occasion Mr. Sagar Hawaldar, group Vice president for business development said "We've come a long way in the past decade, have built a robust set of solutions & clients. The next decade will be very promising"
Dimensions group was founded by Mr. Aniyan Kutty, a Dubai based businessman & has over 250 clients worldwide.
For more information on Dimensions group - please visit http://www.dimensionsgroup.com
CONTACT DETAILS
Sagar Hawaldar, Dimensions Group, sagarhv@yahoo.com
KEYWORDS
CONSUMER, MARKETING, BUSINESS SERVICES, IT, TECHNOLOGY
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Source: Dimensions Group
Thursday, April 29, 2010 05:02 PM IST (11:32 AM GMT)
Editors: General: Consumer interest; Business: Advertising, PR & marketing, Business services, Information technology; Technology
--------------------------------------------------
Dimensions Group Celebrates a Decade of Operations in India
Mumbai, Maharashtra, India, Thursday, April 29, 2010 -- (Business Wire India) -- Dimensions Group, a privately held group of 8 companies, has completed 10 years of operations in India. Headquartered in Technopark, Trivandrum the group has operations in India, US, Europe and Middle east with around 500 employees worldwide. The group was established in early 2000 and focuses on technology solutions, IT services & Animation.
Commenting on the occasion Mr. Sagar Hawaldar, group Vice president for business development said "We've come a long way in the past decade, have built a robust set of solutions & clients. The next decade will be very promising"
Dimensions group was founded by Mr. Aniyan Kutty, a Dubai based businessman & has over 250 clients worldwide.
For more information on Dimensions group - please visit http://www.dimensionsgroup.com
CONTACT DETAILS
Sagar Hawaldar, Dimensions Group, sagarhv@yahoo.com
KEYWORDS
CONSUMER, MARKETING, BUSINESS SERVICES, IT, TECHNOLOGY
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BWI: CCCL Reports 35% Growth in Profits in Q4
Press release from Business Wire India
Source: Consolidated Construction Consortium Ltd
Thursday, April 29, 2010 02:56 PM IST (09:26 AM GMT)
Editors: General: Consumer interest, Economy; Business: Advertising, PR & marketing, Business services, Construction, Financial Analyst, Real estate, Stock exchanges
--------------------------------------------------
CCCL Reports 35% Growth in Profits in Q4
Total Income Exceeds Rs. 1975 cr
Chennai, Tamil Nadu, India, Thursday, April 29, 2010 -- (Business Wire India) -- Consolidated Construction Consortium Ltd (BOM:532902), an integrated construction services provider having projects in the industrial, commercial, residential, and infrastructure space has announced its financial results for FY 2009-2010.
For the year ended 31.03.2010, the total revenue, on a standalone basis stood at Rs.1950 crores (2009: 1755 crores) and Profit after Tax (PAT) at 93.56 crores.(2009: 69.05 crores). The company's year-on-year net profit increased appreciably by 35%. Turnover on a consolidated basis touched Rs 1975.94 crs and the PAT stood at 91.59 crs. PAT increased from 4.23% to 4.64% at the consolidated level.
Mr.Sarabeswar, Chairman & CEO, CCCL Ltd said, "The financial results are gratifying and we aim to consolidate our presence in the infrastructure sector with more projects in the coming year. We are venturing into emerging opportunities in the power and pipeline sectors as EPC/BOP contractor and we foresee good prospects for the company."
The orders on hand stood at Rs.3391 crores as on 31.3.2010. CCCL has received orders worth Rs 225 crores in the month of April 2010 and is in the process of negotiating orders worth Rs. 600 crores.
Financial highlights
Though turnover increased only by 7.31% from RS.1841.30 crs to 1975.94 crs. on a consolidated basis, the PBT jumped from Rs 110.97 crs to Rs147.43 crores and PAT rose sharply by 25.82% to Rs 91.59 crs from Rs 72.80 crs
About CCCL
Headquartered in Chennai, Consolidated Construction Consortium was promoted in the year 1997. The company is an integrated construction services provider and its operations cover industrial, commercial, residential and infrastructure projects. It has presence in Bangalore, Hyderabad, Kolkatta, New Delhi, Pune, Trivandrum and Dubai. CCCL has grown from Rs.40 million to Rs.14 billion and has executed projects across 17 states and union territories in India. It has been awarded ISO: 9001Bureau Veritas certification as well as Quality Management system in tune with ISO: 9001:2000 standards, ISO 14001:2004 certification for the Environmental Management System and OHSAS 18001:2007 certification for occupational health and safety. For more information please log on to www.ccclindia.com.
To view the Financial Results, please click on the link given below:
Financial Results
For picture(s)/data to illustrate this release click below:
http://www.BusinessWireIndia.com/attachments/Financial_results(2).pdf
Financial_results(2).pdf
CONTACT DETAILS
Mr. T.R. Seetharaman, Consolidated Construction Consortium Ltd, +91 (44) 23454500, trs@ccclindia.com
Nachu Nagappan, Account Manager, 20:20 MEDIA, + 91 9940068348, nachu@2020india.com
KEYWORDS
CONSUMER, ECONOMY, MARKETING, BUSINESS SERVICES, CONSTRUCTION, Financial Analyst, REAL ESTATE, STOCK EXCHANGES, CCCL.NS, CCCL.BO
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: Consolidated Construction Consortium Ltd
Thursday, April 29, 2010 02:56 PM IST (09:26 AM GMT)
Editors: General: Consumer interest, Economy; Business: Advertising, PR & marketing, Business services, Construction, Financial Analyst, Real estate, Stock exchanges
--------------------------------------------------
CCCL Reports 35% Growth in Profits in Q4
Total Income Exceeds Rs. 1975 cr
Chennai, Tamil Nadu, India, Thursday, April 29, 2010 -- (Business Wire India) -- Consolidated Construction Consortium Ltd (BOM:532902), an integrated construction services provider having projects in the industrial, commercial, residential, and infrastructure space has announced its financial results for FY 2009-2010.
For the year ended 31.03.2010, the total revenue, on a standalone basis stood at Rs.1950 crores (2009: 1755 crores) and Profit after Tax (PAT) at 93.56 crores.(2009: 69.05 crores). The company's year-on-year net profit increased appreciably by 35%. Turnover on a consolidated basis touched Rs 1975.94 crs and the PAT stood at 91.59 crs. PAT increased from 4.23% to 4.64% at the consolidated level.
Mr.Sarabeswar, Chairman & CEO, CCCL Ltd said, "The financial results are gratifying and we aim to consolidate our presence in the infrastructure sector with more projects in the coming year. We are venturing into emerging opportunities in the power and pipeline sectors as EPC/BOP contractor and we foresee good prospects for the company."
The orders on hand stood at Rs.3391 crores as on 31.3.2010. CCCL has received orders worth Rs 225 crores in the month of April 2010 and is in the process of negotiating orders worth Rs. 600 crores.
Financial highlights
Though turnover increased only by 7.31% from RS.1841.30 crs to 1975.94 crs. on a consolidated basis, the PBT jumped from Rs 110.97 crs to Rs147.43 crores and PAT rose sharply by 25.82% to Rs 91.59 crs from Rs 72.80 crs
About CCCL
Headquartered in Chennai, Consolidated Construction Consortium was promoted in the year 1997. The company is an integrated construction services provider and its operations cover industrial, commercial, residential and infrastructure projects. It has presence in Bangalore, Hyderabad, Kolkatta, New Delhi, Pune, Trivandrum and Dubai. CCCL has grown from Rs.40 million to Rs.14 billion and has executed projects across 17 states and union territories in India. It has been awarded ISO: 9001Bureau Veritas certification as well as Quality Management system in tune with ISO: 9001:2000 standards, ISO 14001:2004 certification for the Environmental Management System and OHSAS 18001:2007 certification for occupational health and safety. For more information please log on to www.ccclindia.com.
To view the Financial Results, please click on the link given below:
Financial Results
For picture(s)/data to illustrate this release click below:
http://www.BusinessWireIndia.com/attachments/Financial_results(2).pdf
Financial_results(2).pdf
CONTACT DETAILS
Mr. T.R. Seetharaman, Consolidated Construction Consortium Ltd, +91 (44) 23454500, trs@ccclindia.com
Nachu Nagappan, Account Manager, 20:20 MEDIA, + 91 9940068348, nachu@2020india.com
KEYWORDS
CONSUMER, ECONOMY, MARKETING, BUSINESS SERVICES, CONSTRUCTION, Financial Analyst, REAL ESTATE, STOCK EXCHANGES, CCCL.NS, CCCL.BO
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BWI: Dalai Lama Congratulates DivineWellness.com for Spreading Yoga via Webcam on a Global Platform
Press release from Business Wire India
Source: Divinewellness.com
Thursday, April 29, 2010 02:06 PM IST (08:36 AM GMT)
Editors: General: Consumer interest; Business: Advertising, PR & marketing, Business services, Information technology, Media & entertainment; Technology; Healthcare
--------------------------------------------------
Dalai Lama Congratulates DivineWellness.com for Spreading Yoga via Webcam on a Global Platform
New Delhi, Delhi, India, Thursday, April 29, 2010 -- (Business Wire India) -- In a meeting with H.H. Dalai Lama, Mr. Anurag Lohia, the founder of DivineWellness.com, was blessed and congratulated by H.H. for spreading traditional Indian knowledge and good health on a global platform. Mr. Anurag Lohia was invited as a special guest on the occasion of inauguration of "Encyclopedia of Hinduism" in April, 2010 at Rishikesh, India by H.H. Swami Chidanand Saraswati Ji, President, Parmarth Niketan Ashram.
H.H.Dalai Lama was the guest of honor on the occasion and called himself the son of India.
www.divinewellness.com is an online health service providing holistic health solutions based on Indian wellness traditions of Yoga & Ayurveda using latest interactive web technologies. The service provides instant live chat for diet and nutrition, besides providing live, interactive online Yoga classes.
H.H. Dalai Lama was specially impressed with the unique concept of providing personalized and authentic Indian yoga to people around the world via webcam. One-on-one yoga via webcam is the latest service from Divine Wellness Group; it is very reasonably priced for yoga enthusiasts and is within everyone's reach. Personalized webcam yoga is a craze with ladies in the age group of 25-55. They are the most satisfied users, as they get a personal yoga instructor, right in their homes at their suitable time and it saves them the trouble of driving to a yoga studio and the hassles of finding a parking.
The concept and services provided by www.divinewellness.com are revolutionary in the field of natural healthcare and are sure to catch the imagination of health and wellness lovers, young and old. The services, based on simplicity, convenience and dedication, come from India, the land of origin of Yoga and Ayurveda. The instruction quality of the Yoga Gurus is highly appreciated. Modern technology has now made it possible for these ancient wellness traditions to be available to the people around the world at a simple, personalized and cost-effective platform.
To view the photograph, please click on the links given below:
Amit Agrawal, Anurag Lohia in the presence of Dalai Lama
For picture(s)/data to illustrate this release click below:
http://www.BusinessWireIndia.com/attachments/dalai_lama(2).jpg
dalai_lama(2).jpg
CONTACT DETAILS
Amit Agarwal (G.M), Divinewellness.com, +91 99362940411/ Toll Free - 1-888-888-4-YOG ( USA & Canada ), amitagarwal@divinewellness.com
KEYWORDS
CONSUMER, MARKETING, BUSINESS SERVICES, IT, MEDIA, TECHNOLOGY, HEALTHCARE
If you wish to change your Business Wire India selection please click on this link http://www.businesswireindia.com/media/news.asp and use your personal username and password to login.
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Source: Divinewellness.com
Thursday, April 29, 2010 02:06 PM IST (08:36 AM GMT)
Editors: General: Consumer interest; Business: Advertising, PR & marketing, Business services, Information technology, Media & entertainment; Technology; Healthcare
--------------------------------------------------
Dalai Lama Congratulates DivineWellness.com for Spreading Yoga via Webcam on a Global Platform
New Delhi, Delhi, India, Thursday, April 29, 2010 -- (Business Wire India) -- In a meeting with H.H. Dalai Lama, Mr. Anurag Lohia, the founder of DivineWellness.com, was blessed and congratulated by H.H. for spreading traditional Indian knowledge and good health on a global platform. Mr. Anurag Lohia was invited as a special guest on the occasion of inauguration of "Encyclopedia of Hinduism" in April, 2010 at Rishikesh, India by H.H. Swami Chidanand Saraswati Ji, President, Parmarth Niketan Ashram.
H.H.Dalai Lama was the guest of honor on the occasion and called himself the son of India.
www.divinewellness.com is an online health service providing holistic health solutions based on Indian wellness traditions of Yoga & Ayurveda using latest interactive web technologies. The service provides instant live chat for diet and nutrition, besides providing live, interactive online Yoga classes.
H.H. Dalai Lama was specially impressed with the unique concept of providing personalized and authentic Indian yoga to people around the world via webcam. One-on-one yoga via webcam is the latest service from Divine Wellness Group; it is very reasonably priced for yoga enthusiasts and is within everyone's reach. Personalized webcam yoga is a craze with ladies in the age group of 25-55. They are the most satisfied users, as they get a personal yoga instructor, right in their homes at their suitable time and it saves them the trouble of driving to a yoga studio and the hassles of finding a parking.
The concept and services provided by www.divinewellness.com are revolutionary in the field of natural healthcare and are sure to catch the imagination of health and wellness lovers, young and old. The services, based on simplicity, convenience and dedication, come from India, the land of origin of Yoga and Ayurveda. The instruction quality of the Yoga Gurus is highly appreciated. Modern technology has now made it possible for these ancient wellness traditions to be available to the people around the world at a simple, personalized and cost-effective platform.
To view the photograph, please click on the links given below:
Amit Agrawal, Anurag Lohia in the presence of Dalai Lama
For picture(s)/data to illustrate this release click below:
http://www.BusinessWireIndia.com/attachments/dalai_lama(2).jpg
dalai_lama(2).jpg
CONTACT DETAILS
Amit Agarwal (G.M), Divinewellness.com, +91 99362940411/ Toll Free - 1-888-888-4-YOG ( USA & Canada ), amitagarwal@divinewellness.com
KEYWORDS
CONSUMER, MARKETING, BUSINESS SERVICES, IT, MEDIA, TECHNOLOGY, HEALTHCARE
If you wish to change your Business Wire India selection please click on this link http://www.businesswireindia.com/media/news.asp and use your personal username and password to login.
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BWI: Mr. Shekhar Gupta Congratulates The Graduands at IILM Convocation 2010
Press release from Business Wire India
Source: IILM Institute for Higher Education
Thursday, April 29, 2010 01:45 PM IST (08:15 AM GMT)
Editors: General: Consumer interest; Business: Business services, Education & training, Media & entertainment
--------------------------------------------------
Mr. Shekhar Gupta Congratulates The Graduands at IILM Convocation 2010
New Delhi, Delhi, India, Thursday, April 29, 2010 -- (Business Wire India) -- The annual convocation ceremony of IILM Institute for Higher Education - a leading management institute based in Lodhi Road, New Delhi and Gurgaon, was held on April 26th 2010. Mr. Shekhar Gupta, Editor in Chief, The Indian Express Group, presided over the convocation and awarded Certificates of Merit to the students. More than 2500 students have so far been awarded the diploma in Business Management all of whom have been placed comfortably despite the economic fluctuation.
Mr. Shekhar Gupta delivered the Convocation Address and congratulated the outgoing students after they received their diplomas. Mrs. Malvika Rai, Chairperson, IILM Institute for Higher Education presented Dr. Kulwant Rai Gold and Silver medals to the meritorious students as well as to the overall performers.
Sapna Popli, Director & Executive Dean, IILM Institute for Higher Education said, "Our Vision 2015 is to be a leader in value based education and business focussed research. Our focus is 'The Student'. Our endeavour is to provide exceptional student experience based on creative and inspirational teaching, knowledge and skills valued by the industry, research that flows into teaching and learning and proactive employer engagement in the region. We are aiming at maximising the learning value-add in the two years that student spends with us".
The PGP 2008-2010 batch has been placed in companies like Indiabulls, Barclays Bank, Edelweiss Securities, ICICI, Capital IQ, Grail Research, HCL Infosystems, Standard Chartered Bank, Citifinancial, Yes Bank, HDFC Standard Life Insurance, Manpower Professional, Naukri.com and Nestle India to name a few.
About IILM Institute for Higher Education
IILM Institute for Higher Education aims to impart quality education to the youth while equipping them with knowledge and skills which would enable them to leave their individual marks in the business world. The institute strives to create a niche of talented managers who make meaningful contributions to global businesses. Improving the student experience, maximizing the learning value-add to students from entry to exit and proactive employer engagement in the region are the key themes at IILM. Offering academic programs at both undergraduate and postgraduate levels, IILM allows aspiring managers to get a comprehensive view of the business world.
CONTACT DETAILS
Vilsha Kapoor, Six Degrees PR, +91 9910050066/ +91 11 26911440/ 12, vilshak@sixdegreespr.co.in
KEYWORDS
CONSUMER, BUSINESS SERVICES, EDUCATION, MEDIA
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Source: IILM Institute for Higher Education
Thursday, April 29, 2010 01:45 PM IST (08:15 AM GMT)
Editors: General: Consumer interest; Business: Business services, Education & training, Media & entertainment
--------------------------------------------------
Mr. Shekhar Gupta Congratulates The Graduands at IILM Convocation 2010
New Delhi, Delhi, India, Thursday, April 29, 2010 -- (Business Wire India) -- The annual convocation ceremony of IILM Institute for Higher Education - a leading management institute based in Lodhi Road, New Delhi and Gurgaon, was held on April 26th 2010. Mr. Shekhar Gupta, Editor in Chief, The Indian Express Group, presided over the convocation and awarded Certificates of Merit to the students. More than 2500 students have so far been awarded the diploma in Business Management all of whom have been placed comfortably despite the economic fluctuation.
Mr. Shekhar Gupta delivered the Convocation Address and congratulated the outgoing students after they received their diplomas. Mrs. Malvika Rai, Chairperson, IILM Institute for Higher Education presented Dr. Kulwant Rai Gold and Silver medals to the meritorious students as well as to the overall performers.
Sapna Popli, Director & Executive Dean, IILM Institute for Higher Education said, "Our Vision 2015 is to be a leader in value based education and business focussed research. Our focus is 'The Student'. Our endeavour is to provide exceptional student experience based on creative and inspirational teaching, knowledge and skills valued by the industry, research that flows into teaching and learning and proactive employer engagement in the region. We are aiming at maximising the learning value-add in the two years that student spends with us".
The PGP 2008-2010 batch has been placed in companies like Indiabulls, Barclays Bank, Edelweiss Securities, ICICI, Capital IQ, Grail Research, HCL Infosystems, Standard Chartered Bank, Citifinancial, Yes Bank, HDFC Standard Life Insurance, Manpower Professional, Naukri.com and Nestle India to name a few.
About IILM Institute for Higher Education
IILM Institute for Higher Education aims to impart quality education to the youth while equipping them with knowledge and skills which would enable them to leave their individual marks in the business world. The institute strives to create a niche of talented managers who make meaningful contributions to global businesses. Improving the student experience, maximizing the learning value-add to students from entry to exit and proactive employer engagement in the region are the key themes at IILM. Offering academic programs at both undergraduate and postgraduate levels, IILM allows aspiring managers to get a comprehensive view of the business world.
CONTACT DETAILS
Vilsha Kapoor, Six Degrees PR, +91 9910050066/ +91 11 26911440/ 12, vilshak@sixdegreespr.co.in
KEYWORDS
CONSUMER, BUSINESS SERVICES, EDUCATION, MEDIA
If you wish to change your Business Wire India selection please click on this link http://www.businesswireindia.com/media/news.asp and use your personal username and password to login.
Submit your press release at http://www.businesswireindia.com
BWI: Max New York Life's I-Genius Scholarship Programme
Press release from Business Wire India
Source: Max New York Life Insurance
Thursday, April 29, 2010 01:30 PM IST (08:00 AM GMT)
Editors: General: Consumer interest; Business: Advertising, PR & marketing, Banking & financial services, Business services, Education & training, Financial Analyst
--------------------------------------------------
Max New York Life's I-Genius Scholarship Programme
Total I-Genius Enrollment has been 5.44 lacs; Top 6 Metros Contribute to 37% Enrolments
New Delhi, Delhi, India, Thursday, April 29, 2010 -- (Business Wire India) -- The I-Genius scholarship program, launched on 8th February 2010 by Max New York Life, has received a remarkable response of more than 5.44 lakh enrolments from all over the country. This number is likely to increase by around 3 lakh through the school contact program currently being organized by Derek O'Brien in 24 cities of the country. The scholarship program, that aims to reward and recognize all-rounders & further support them to groom their talents, received 55% enrolments from 23 cities. 37% enrolments were from the metro cities in the country with the maximum being from Delhi.
Opened to students from standard III to standard VIII of government recognized schools, including private, public and national open schools across India, this scholarship program has received comparatively equal interest and participation from both Junior (classes 3-5) and Senior (classes 6-8) levels.
The scholarship program has multiple levels of evaluation, both objective & subjective questions, panel discussions and weightage given to participants' extra-curricular achievements. Children have participated in this program to win more than 3,000 prizes worth Rs. 2 crores. The program has been conceptualized in association with the Quiz Master Derek O'Brien.
I-Genius Scholarship Program is one of the five facets of Max New York Life's I-Genius program launched in association with The Times of India. This independent multi dimensional program aims at all-round development of children across various strata of the society. This program has been created with the objective of increasing awareness & importance of all round development of a child and will reach out to lakhs of children and parents through the year.
Going forward this platform will unfold many other initiatives where Max New York life will invest substantially in developing talent in the areas of sports, knowledge, education, talent etc.
About Max New York Life (www.maxnewyorklife.com)
Max New York Life Insurance Company Ltd. is a joint venture between Max India Ltd., one of India's leading multi-business corporations and New York Life International, the international arm of New York Life, a Fortune 100 company. Max New York Life Insurance, incorporated in 2000, is one of India's leading private life insurance companies. The company offers both individual and group life insurance solutions. It has established a wide distribution network across India. Through its wide network of highly competent life insurance agent advisors and flexible product solutions, Max New York life Insurance is creating a partnership for life with its customers in India to facilitate them to achieve more.
CONTACT DETAILS
Arpan Basu, Max New York Life Insurance Company Ltd., +91 9818083556, arpan.basu@maxnewyorklife.com
Garima Arora, IPAN Hill & Knowlton, +91 9891221255, garora@ipanhillandknowlton.com
Komal Kakkar, IPAN Hill & Knowlton, +91 9810609567, kkakkar@ipanhillandknowlton.com
KEYWORDS
CONSUMER, MARKETING, BANKING, BUSINESS SERVICES, EDUCATION, Financial Analyst
If you wish to change your Business Wire India selection please click on this link http://www.businesswireindia.com/media/news.asp and use your personal username and password to login.
Submit your press release at http://www.businesswireindia.com
Source: Max New York Life Insurance
Thursday, April 29, 2010 01:30 PM IST (08:00 AM GMT)
Editors: General: Consumer interest; Business: Advertising, PR & marketing, Banking & financial services, Business services, Education & training, Financial Analyst
--------------------------------------------------
Max New York Life's I-Genius Scholarship Programme
Total I-Genius Enrollment has been 5.44 lacs; Top 6 Metros Contribute to 37% Enrolments
New Delhi, Delhi, India, Thursday, April 29, 2010 -- (Business Wire India) -- The I-Genius scholarship program, launched on 8th February 2010 by Max New York Life, has received a remarkable response of more than 5.44 lakh enrolments from all over the country. This number is likely to increase by around 3 lakh through the school contact program currently being organized by Derek O'Brien in 24 cities of the country. The scholarship program, that aims to reward and recognize all-rounders & further support them to groom their talents, received 55% enrolments from 23 cities. 37% enrolments were from the metro cities in the country with the maximum being from Delhi.
Opened to students from standard III to standard VIII of government recognized schools, including private, public and national open schools across India, this scholarship program has received comparatively equal interest and participation from both Junior (classes 3-5) and Senior (classes 6-8) levels.
The scholarship program has multiple levels of evaluation, both objective & subjective questions, panel discussions and weightage given to participants' extra-curricular achievements. Children have participated in this program to win more than 3,000 prizes worth Rs. 2 crores. The program has been conceptualized in association with the Quiz Master Derek O'Brien.
I-Genius Scholarship Program is one of the five facets of Max New York Life's I-Genius program launched in association with The Times of India. This independent multi dimensional program aims at all-round development of children across various strata of the society. This program has been created with the objective of increasing awareness & importance of all round development of a child and will reach out to lakhs of children and parents through the year.
Going forward this platform will unfold many other initiatives where Max New York life will invest substantially in developing talent in the areas of sports, knowledge, education, talent etc.
About Max New York Life (www.maxnewyorklife.com)
Max New York Life Insurance Company Ltd. is a joint venture between Max India Ltd., one of India's leading multi-business corporations and New York Life International, the international arm of New York Life, a Fortune 100 company. Max New York Life Insurance, incorporated in 2000, is one of India's leading private life insurance companies. The company offers both individual and group life insurance solutions. It has established a wide distribution network across India. Through its wide network of highly competent life insurance agent advisors and flexible product solutions, Max New York life Insurance is creating a partnership for life with its customers in India to facilitate them to achieve more.
CONTACT DETAILS
Arpan Basu, Max New York Life Insurance Company Ltd., +91 9818083556, arpan.basu@maxnewyorklife.com
Garima Arora, IPAN Hill & Knowlton, +91 9891221255, garora@ipanhillandknowlton.com
Komal Kakkar, IPAN Hill & Knowlton, +91 9810609567, kkakkar@ipanhillandknowlton.com
KEYWORDS
CONSUMER, MARKETING, BANKING, BUSINESS SERVICES, EDUCATION, Financial Analyst
If you wish to change your Business Wire India selection please click on this link http://www.businesswireindia.com/media/news.asp and use your personal username and password to login.
Submit your press release at http://www.businesswireindia.com
BWI: Energy, Shipbuilding and Civil Construction to Drive Long-Term Growth in the Indian Welding Market, Declares Frost & Sullivan
Press release from Business Wire India
Source: Frost & Sullivan
Thursday, April 29, 2010 12:05 PM IST (06:35 AM GMT)
Editors: Business: Accounting & management consultancy services, Construction, Energy companies, Financial Analyst, Real estate; Technology
--------------------------------------------------
Energy, Shipbuilding and Civil Construction to Drive Long-Term Growth in the Indian Welding Market, Declares Frost & Sullivan
Mumbai, Maharashtra, India, Thursday, April 29, 2010 -- (Business Wire India) -- The Indian welding market is dominated by the use of manual welding equipment. However, this situation is expected to change as several end-user industries have started demanding automated equipment to support higher productivity. Robust expansion of the Indian shipbuilding, construction and energy, particularly wind power, sectors will underline strong growth of the Indian welding market over the medium- and long-term.
New analysis from Frost & Sullivan (http://www.industrialautomation.frost.com), Strategic Analysis of the Indian Welding Equipment Market, finds that the market earned revenues of $208.0 million in 2008 and estimates this to reach $311.5 million in 2015.
If you are interested in a virtual brochure, which provides a brief synopsis of the research and a table of contents, then send an e-mail to Ravinder Kaur/ Amrita Nandi, Corporate Communications, at ravinder.kaur@frost.com/ amritan@frost.com, with your full name, company name, title, telephone number, company e-mail address, company website, city, state and country. Upon receipt of the above information, a brochure will be sent to you by e-mail.
"While the financial meltdown has adversely affected most end user industries for welding equipment in India, energy, construction and shipbuilding sectors have, to a large extent, been recession-proof and have been generating moderate demand," notes Frost & Sullivan Senior Research Analyst Archana Chauhan. "A key driver boosting market revenues has also been the gradual move from manual to automatic and semi-automatic welding equipment."
The welding industry in India has generally been low technology with infrequent innovation. However, the adoption of automatic and the semi-automatic welding systems has been rising in recent years. At the same time, the recession and reduced budgets have underlined the continued popularity of economical, manual techniques.
Enhanced foreign direct investment (FDI) equity inflow in India has supported projects in the oil and gas sector, offshore activities, aerospace and heavy machinery industries. Several foreign automobile companies have established their manufacturing base in India. Such trends have had a positive impact on the uptake of welding equipment and consumables.
However, the recession has affected the flow of FDI into the country. Hence, demand for welding equipment in India is expected to decline over the short- term.
Although global steel demand slumped in the past year, India's steel market has experienced nearly 10 per cent growth. The spiralling demand for steel is promoting the use of innovative, state-of-the-art uses of steel while triggering the uptake of high volumes of welding equipment.
"One of the major challenges faced by the local market in India is the substantial import of welding equipment," cautions Archana. "With expanded imports, the market share of domestic participants is continually declining in several industries, especially automotive and transportation, shipbuilding and the white appliances."
Another challenge faced by Indian welding equipment manufacturers is the unorganised sector that currently occupies close to 50 to 55 per cent of the market. This sector is continually growing due to the lack of specifications and approvals required for welding activities in end-user industries. Although some approvals are required for high-risk jobs in power and offshore, there are no such requirements in the fabrication industry where welding finds extensive use.
"To be competitive, welding manufacturers need to provide standardised goods with a focus on product differentiation," advises Archana. "With lower profit margins and intensifying competition, manufacturers have to improve on their service, performance and delivery."
An additional challenge will be to optimally integrate distributors and dealers within a complete solution model. The technical capabilities of distributors will be vital in any solution-oriented strategy. With advanced technologies and sophisticated machines, it is critical that there be trained experts in key identified regions.
Many large multinational companies have started imparting product knowledge to end users. Manufacturers have attempted to maintain historical relationships with end users. Continuous technological upgrades, novel technologies such as electron beam and friction stir and the introduction of innovative base metals have resulted in the enhanced penetration of welding equipment in India.
"Manufacturers should improve their service portfolio and broaden their market reach," concludes Archana. "They should increase their penetration into new end user industries such as wind and nuclear power and traditional end user industries such as fabrication and automotives as well as explore opportunities in other general industries which have only lately moved to higher automation levels."
Strategic Analysis of the Indian Welding Equipment Market is part of the Industrial Automation & Process Control Growth Partnership Service programme, which also includes research in the following markets: Strategic Analysis of the Global Welding Market for Energy, Central and Eastern European Welding Equipment and Consumables Market, Global Welding Market for Automotive Applications and, Asian Resistance Welding Equipment and Consumables Market. All research services included in subscriptions provide detailed market opportunities and industry trends that have been evaluated following extensive interviews with market participants.
About Frost & Sullivan
Frost & Sullivan, the Growth Partnership Company, enables clients to accelerate growth and achieve best-in-class positions in growth, innovation and leadership. The company's Growth Partnership Service provides the CEO and the CEO's Growth Team with disciplined research and best-practice models to drive the generation, evaluation, and implementation of powerful growth strategies. Frost & Sullivan leverages over 45 years of experience in partnering with Global 1000 companies, emerging businesses and the investment community from 40 offices on six continents. To join our Growth Partnership, please visit http://www.frost.com.
Strategic Analysis of the Indian Welding Equipment Market
M49E
CONTACT DETAILS
Ravinder Kaur Corporate Communications - South Asia, Frost & Sullivan, +91 9940141714, ravinder.kaur@frost.com
Amrita Nandi Corporate Communications - South Asia, Frost & Sullivan, +91 9903433364, amritan@frost.com
Tanu Chopra Corporate Communications - Middle East, Frost & Sullivan, +91 (22) 40013437, tanuc@frost.com
Nimisha Iyer Corporate Communications - South Asia and Middle East, Frost & Sullivan, +91 9820050519, niyer@frost.com
KEYWORDS
CONSULTANCY SERVICES, CONSTRUCTION, ENERGY, Financial Analyst, REAL ESTATE, TECHNOLOGY
If you wish to change your Business Wire India selection please click on this link http://www.businesswireindia.com/media/news.asp and use your personal username and password to login.
Submit your press release at http://www.businesswireindia.com
Source: Frost & Sullivan
Thursday, April 29, 2010 12:05 PM IST (06:35 AM GMT)
Editors: Business: Accounting & management consultancy services, Construction, Energy companies, Financial Analyst, Real estate; Technology
--------------------------------------------------
Energy, Shipbuilding and Civil Construction to Drive Long-Term Growth in the Indian Welding Market, Declares Frost & Sullivan
Mumbai, Maharashtra, India, Thursday, April 29, 2010 -- (Business Wire India) -- The Indian welding market is dominated by the use of manual welding equipment. However, this situation is expected to change as several end-user industries have started demanding automated equipment to support higher productivity. Robust expansion of the Indian shipbuilding, construction and energy, particularly wind power, sectors will underline strong growth of the Indian welding market over the medium- and long-term.
New analysis from Frost & Sullivan (http://www.industrialautomation.frost.com), Strategic Analysis of the Indian Welding Equipment Market, finds that the market earned revenues of $208.0 million in 2008 and estimates this to reach $311.5 million in 2015.
If you are interested in a virtual brochure, which provides a brief synopsis of the research and a table of contents, then send an e-mail to Ravinder Kaur/ Amrita Nandi, Corporate Communications, at ravinder.kaur@frost.com/ amritan@frost.com, with your full name, company name, title, telephone number, company e-mail address, company website, city, state and country. Upon receipt of the above information, a brochure will be sent to you by e-mail.
"While the financial meltdown has adversely affected most end user industries for welding equipment in India, energy, construction and shipbuilding sectors have, to a large extent, been recession-proof and have been generating moderate demand," notes Frost & Sullivan Senior Research Analyst Archana Chauhan. "A key driver boosting market revenues has also been the gradual move from manual to automatic and semi-automatic welding equipment."
The welding industry in India has generally been low technology with infrequent innovation. However, the adoption of automatic and the semi-automatic welding systems has been rising in recent years. At the same time, the recession and reduced budgets have underlined the continued popularity of economical, manual techniques.
Enhanced foreign direct investment (FDI) equity inflow in India has supported projects in the oil and gas sector, offshore activities, aerospace and heavy machinery industries. Several foreign automobile companies have established their manufacturing base in India. Such trends have had a positive impact on the uptake of welding equipment and consumables.
However, the recession has affected the flow of FDI into the country. Hence, demand for welding equipment in India is expected to decline over the short- term.
Although global steel demand slumped in the past year, India's steel market has experienced nearly 10 per cent growth. The spiralling demand for steel is promoting the use of innovative, state-of-the-art uses of steel while triggering the uptake of high volumes of welding equipment.
"One of the major challenges faced by the local market in India is the substantial import of welding equipment," cautions Archana. "With expanded imports, the market share of domestic participants is continually declining in several industries, especially automotive and transportation, shipbuilding and the white appliances."
Another challenge faced by Indian welding equipment manufacturers is the unorganised sector that currently occupies close to 50 to 55 per cent of the market. This sector is continually growing due to the lack of specifications and approvals required for welding activities in end-user industries. Although some approvals are required for high-risk jobs in power and offshore, there are no such requirements in the fabrication industry where welding finds extensive use.
"To be competitive, welding manufacturers need to provide standardised goods with a focus on product differentiation," advises Archana. "With lower profit margins and intensifying competition, manufacturers have to improve on their service, performance and delivery."
An additional challenge will be to optimally integrate distributors and dealers within a complete solution model. The technical capabilities of distributors will be vital in any solution-oriented strategy. With advanced technologies and sophisticated machines, it is critical that there be trained experts in key identified regions.
Many large multinational companies have started imparting product knowledge to end users. Manufacturers have attempted to maintain historical relationships with end users. Continuous technological upgrades, novel technologies such as electron beam and friction stir and the introduction of innovative base metals have resulted in the enhanced penetration of welding equipment in India.
"Manufacturers should improve their service portfolio and broaden their market reach," concludes Archana. "They should increase their penetration into new end user industries such as wind and nuclear power and traditional end user industries such as fabrication and automotives as well as explore opportunities in other general industries which have only lately moved to higher automation levels."
Strategic Analysis of the Indian Welding Equipment Market is part of the Industrial Automation & Process Control Growth Partnership Service programme, which also includes research in the following markets: Strategic Analysis of the Global Welding Market for Energy, Central and Eastern European Welding Equipment and Consumables Market, Global Welding Market for Automotive Applications and, Asian Resistance Welding Equipment and Consumables Market. All research services included in subscriptions provide detailed market opportunities and industry trends that have been evaluated following extensive interviews with market participants.
About Frost & Sullivan
Frost & Sullivan, the Growth Partnership Company, enables clients to accelerate growth and achieve best-in-class positions in growth, innovation and leadership. The company's Growth Partnership Service provides the CEO and the CEO's Growth Team with disciplined research and best-practice models to drive the generation, evaluation, and implementation of powerful growth strategies. Frost & Sullivan leverages over 45 years of experience in partnering with Global 1000 companies, emerging businesses and the investment community from 40 offices on six continents. To join our Growth Partnership, please visit http://www.frost.com.
Strategic Analysis of the Indian Welding Equipment Market
M49E
CONTACT DETAILS
Ravinder Kaur Corporate Communications - South Asia, Frost & Sullivan, +91 9940141714, ravinder.kaur@frost.com
Amrita Nandi Corporate Communications - South Asia, Frost & Sullivan, +91 9903433364, amritan@frost.com
Tanu Chopra Corporate Communications - Middle East, Frost & Sullivan, +91 (22) 40013437, tanuc@frost.com
Nimisha Iyer Corporate Communications - South Asia and Middle East, Frost & Sullivan, +91 9820050519, niyer@frost.com
KEYWORDS
CONSULTANCY SERVICES, CONSTRUCTION, ENERGY, Financial Analyst, REAL ESTATE, TECHNOLOGY
If you wish to change your Business Wire India selection please click on this link http://www.businesswireindia.com/media/news.asp and use your personal username and password to login.
Submit your press release at http://www.businesswireindia.com
BWI: Jagran Solutions Sets Up MICE Division
Press release from Business Wire India
Source: Jagran Solutions
Thursday, April 29, 2010 12:15 PM IST (06:45 AM GMT)
Editors: General: Consumer interest; Business: Advertising, PR & marketing, Business services, Information technology; Technology
--------------------------------------------------
Jagran Solutions Sets Up MICE Division
New Delhi, Delhi, India, Thursday, April 29, 2010 -- (Business Wire India) -- India is in a continual process of upgrading its MICE facilities and this segment is growing at 15 to 20% annually. It is also estimated that the total national and international MICE meetings market all over the world is in excess of $270 billion. India ranks 27th in the Global Meetings market. Identifying this opportunity, Jagran Solutions, India's leading new age marketing agency that provides solutions for Brand Activation via Consumer Connect Strategies, has recently set up an end to end MICE (Meetings, Incentives, Conferences & Events) Division to offer end to end Conferencing services including Destination management, ticketing, hotels, creative conferencing, technical's, event production, entertainment and leisure to its clients.
With the objective to create integrated approach & better value for the customers, Jagran Solutions' MICE division will focus to deliver better Return-on-investment (ROI) for the clients. The MICE Division of Jagran Solutions has organized a Conference in Langkawi, Malaysia this month with 168 corporate delegates.
Commenting on this, Ambika Sharma, National Head, Jagran Solutions said "while we provided the service of conferencing as part of our offering however this is a concentrated effort to own and integrate all requirements under a single offering. This not only has definite cost advantages but also reduces stress for the clients with a single point of contact for all arrangements. We have invested time in getting our partnerships and alliances in place across all levels and now have the facility of providing an online conference travel desk for clients for the duration of the conference. This detailing and in-house infra will definitely enable us to pass on its benefits to our clients. We have a energetic and dedicated team of professionals with years of experience in delivering turnkey MICE solutions.
With the division in place and functional it will enable Jagran Solutions to not just service outbound destinations but will enable national coverage for domestic & in-bound support destinations as well.
Jagran Solutions had set up a Rural Division last year to address the marketers' needs to activate emerging Indian markets and consumers.
About Jagran Solutions:
Jagran Solutions is a new age marketing communications company which provides brand activation solutions via Consumer Connect Strategies. It is a part of Jagran Prakashan Ltd. The group owns multimedia brands like, J9 Ventures providing VAS and mobile marketing solutions, Jagran Engage: OOH media solutions, I Next: tabloid for Youth. Jagran is a national agency and a pioneer in Integrated Marketing Communications specializing in Planning and Implementation of measurable Brand activations in India with offices in Delhi, Mumbai, Bangalore, Kolkata and Chennai.
CONTACT DETAILS
Jaya Jindal, Positive Communications, +91 9654443463, jaya@positiveindia.biz
KEYWORDS
CONSUMER, MARKETING, BUSINESS SERVICES, IT, TECHNOLOGY
If you wish to change your Business Wire India selection please click on this link http://www.businesswireindia.com/media/news.asp and use your personal username and password to login.
Submit your press release at http://www.businesswireindia.com
Source: Jagran Solutions
Thursday, April 29, 2010 12:15 PM IST (06:45 AM GMT)
Editors: General: Consumer interest; Business: Advertising, PR & marketing, Business services, Information technology; Technology
--------------------------------------------------
Jagran Solutions Sets Up MICE Division
New Delhi, Delhi, India, Thursday, April 29, 2010 -- (Business Wire India) -- India is in a continual process of upgrading its MICE facilities and this segment is growing at 15 to 20% annually. It is also estimated that the total national and international MICE meetings market all over the world is in excess of $270 billion. India ranks 27th in the Global Meetings market. Identifying this opportunity, Jagran Solutions, India's leading new age marketing agency that provides solutions for Brand Activation via Consumer Connect Strategies, has recently set up an end to end MICE (Meetings, Incentives, Conferences & Events) Division to offer end to end Conferencing services including Destination management, ticketing, hotels, creative conferencing, technical's, event production, entertainment and leisure to its clients.
With the objective to create integrated approach & better value for the customers, Jagran Solutions' MICE division will focus to deliver better Return-on-investment (ROI) for the clients. The MICE Division of Jagran Solutions has organized a Conference in Langkawi, Malaysia this month with 168 corporate delegates.
Commenting on this, Ambika Sharma, National Head, Jagran Solutions said "while we provided the service of conferencing as part of our offering however this is a concentrated effort to own and integrate all requirements under a single offering. This not only has definite cost advantages but also reduces stress for the clients with a single point of contact for all arrangements. We have invested time in getting our partnerships and alliances in place across all levels and now have the facility of providing an online conference travel desk for clients for the duration of the conference. This detailing and in-house infra will definitely enable us to pass on its benefits to our clients. We have a energetic and dedicated team of professionals with years of experience in delivering turnkey MICE solutions.
With the division in place and functional it will enable Jagran Solutions to not just service outbound destinations but will enable national coverage for domestic & in-bound support destinations as well.
Jagran Solutions had set up a Rural Division last year to address the marketers' needs to activate emerging Indian markets and consumers.
About Jagran Solutions:
Jagran Solutions is a new age marketing communications company which provides brand activation solutions via Consumer Connect Strategies. It is a part of Jagran Prakashan Ltd. The group owns multimedia brands like, J9 Ventures providing VAS and mobile marketing solutions, Jagran Engage: OOH media solutions, I Next: tabloid for Youth. Jagran is a national agency and a pioneer in Integrated Marketing Communications specializing in Planning and Implementation of measurable Brand activations in India with offices in Delhi, Mumbai, Bangalore, Kolkata and Chennai.
CONTACT DETAILS
Jaya Jindal, Positive Communications, +91 9654443463, jaya@positiveindia.biz
KEYWORDS
CONSUMER, MARKETING, BUSINESS SERVICES, IT, TECHNOLOGY
If you wish to change your Business Wire India selection please click on this link http://www.businesswireindia.com/media/news.asp and use your personal username and password to login.
Submit your press release at http://www.businesswireindia.com
BWI: Dream11.com Launches ‘T20 Fantasy Frenzy’ Competition for the T20 World Cup
Press release from Business Wire India
Source: Dream11.com Gaming Pvt. Ltd
Thursday, April 29, 2010 11:46 AM IST (06:16 AM GMT)
Editors: General: Consumer interest, Entertainment, Sports; Business: Advertising, PR & marketing, Information technology, Sports; Technology
--------------------------------------------------
Dream11.com Launches 'T20 Fantasy Frenzy' Competition for the T20 World Cup
A Fantasy Cricket Competition Where Contestants Can Win Rs. 1.5 lakh in Cash
Mumbai, Maharashtra, India, Thursday, April 29, 2010 -- (Business Wire India) -- Dream11.com, the World's No.1 Fantasy Cricket Game, launched 'T20 Fantasy Frenzy', a Fantasy Cricket gaming competition for the upcoming T20 World Cup. As part of this international competition, cricket fans world-wide will get an opportunity to create their own cricket team from among Indian and International cricketers, test their cricket knowledge and experience being a T20 selector. Contestants stand a chance to win Rs. 5000 daily, a total cash prize of Rs. 1.5 lakh for the entire tournament and the title of the best T20 selector.
Each contestant in this competition will be allocated Rs. 100 crore of virtual money to choose their favorite cricketers from across various teams and create their Dream11. Depending on how those cricketers perform in upcoming real-life matches, the contestants will earn points. Contestants scoring the highest points stand a chance to win Rs.1.5 lakh in cash. The contestants can compete globally while enjoying social networking features and forming their own leagues, which also allows them to compete in closed private groups.
Speaking on this initiative, Harsh Jain, CMD, Dream11 Gaming Pvt. Ltd., said, "With IPL concluding and the T20 World Cup gearing for action, cricket fever in India is at an all-time high. Through 'T20 Fantasy Frenzy', Dream11.com intends to bring this fervour online and empower over a billion cricket enthusiasts to not only passively watch the game but actively participate in it as well."
Fantasy Cricket, a part of the US $4.5 billion Fantasy Sports Genre, provides users an opportunity to select their own virtual cricket team. Simply put, users optimize their allocated budget to create fantasy teams of real cricketers and score points depending on how those cricketers perform in real-life matches. This strategic, competitive and engaging game is a true test of knowledge for millions of cricket fans around the world.
Contestants can log on to www.dream11.com to test their true cricket knowledge by being a part of the 'T20 Fantasy Frenzy' competition.
About Dream11.com
Dream11.com, the 'World's No.1 Fantasy Cricket Game', is the flagship brand of Dream11 Gaming Pvt. Ltd. It is a unique and innovative Fantasy Cricket website that offers users the world's first graphical Fantasy Cricket game. The website also allows users to compete and connect with millions of cricket fanatics and develop 'cricket communities' that further add to the fun quotient. Features like Live Scores, News, Player Profiles, Schedules, Standings, Statistics and Cricket Games, along with Community tools, ensure a complete Fantasy Cricket experience for its global users.
For more information: log on to http://www.dream11.com/
CONTACT DETAILS
Sulakshana Deshpande, Asst Manager - Public Relation, Brand-comm, +91 9819032463, sulakshana@brand-comm.com
Sheetal Gopal, Manager, Brand-comm, +91 9920560332, Sheetal@brand-comm.com
KEYWORDS
CONSUMER, ENTERTAINMENT, SPORTS, MARKETING, IT, TECHNOLOGY
If you wish to change your Business Wire India selection please click on this link http://www.businesswireindia.com/media/news.asp and use your personal username and password to login.
Submit your press release at http://www.businesswireindia.com
Source: Dream11.com Gaming Pvt. Ltd
Thursday, April 29, 2010 11:46 AM IST (06:16 AM GMT)
Editors: General: Consumer interest, Entertainment, Sports; Business: Advertising, PR & marketing, Information technology, Sports; Technology
--------------------------------------------------
Dream11.com Launches 'T20 Fantasy Frenzy' Competition for the T20 World Cup
A Fantasy Cricket Competition Where Contestants Can Win Rs. 1.5 lakh in Cash
Mumbai, Maharashtra, India, Thursday, April 29, 2010 -- (Business Wire India) -- Dream11.com, the World's No.1 Fantasy Cricket Game, launched 'T20 Fantasy Frenzy', a Fantasy Cricket gaming competition for the upcoming T20 World Cup. As part of this international competition, cricket fans world-wide will get an opportunity to create their own cricket team from among Indian and International cricketers, test their cricket knowledge and experience being a T20 selector. Contestants stand a chance to win Rs. 5000 daily, a total cash prize of Rs. 1.5 lakh for the entire tournament and the title of the best T20 selector.
Each contestant in this competition will be allocated Rs. 100 crore of virtual money to choose their favorite cricketers from across various teams and create their Dream11. Depending on how those cricketers perform in upcoming real-life matches, the contestants will earn points. Contestants scoring the highest points stand a chance to win Rs.1.5 lakh in cash. The contestants can compete globally while enjoying social networking features and forming their own leagues, which also allows them to compete in closed private groups.
Speaking on this initiative, Harsh Jain, CMD, Dream11 Gaming Pvt. Ltd., said, "With IPL concluding and the T20 World Cup gearing for action, cricket fever in India is at an all-time high. Through 'T20 Fantasy Frenzy', Dream11.com intends to bring this fervour online and empower over a billion cricket enthusiasts to not only passively watch the game but actively participate in it as well."
Fantasy Cricket, a part of the US $4.5 billion Fantasy Sports Genre, provides users an opportunity to select their own virtual cricket team. Simply put, users optimize their allocated budget to create fantasy teams of real cricketers and score points depending on how those cricketers perform in real-life matches. This strategic, competitive and engaging game is a true test of knowledge for millions of cricket fans around the world.
Contestants can log on to www.dream11.com to test their true cricket knowledge by being a part of the 'T20 Fantasy Frenzy' competition.
About Dream11.com
Dream11.com, the 'World's No.1 Fantasy Cricket Game', is the flagship brand of Dream11 Gaming Pvt. Ltd. It is a unique and innovative Fantasy Cricket website that offers users the world's first graphical Fantasy Cricket game. The website also allows users to compete and connect with millions of cricket fanatics and develop 'cricket communities' that further add to the fun quotient. Features like Live Scores, News, Player Profiles, Schedules, Standings, Statistics and Cricket Games, along with Community tools, ensure a complete Fantasy Cricket experience for its global users.
For more information: log on to http://www.dream11.com/
CONTACT DETAILS
Sulakshana Deshpande, Asst Manager - Public Relation, Brand-comm, +91 9819032463, sulakshana@brand-comm.com
Sheetal Gopal, Manager, Brand-comm, +91 9920560332, Sheetal@brand-comm.com
KEYWORDS
CONSUMER, ENTERTAINMENT, SPORTS, MARKETING, IT, TECHNOLOGY
If you wish to change your Business Wire India selection please click on this link http://www.businesswireindia.com/media/news.asp and use your personal username and password to login.
Submit your press release at http://www.businesswireindia.com
BWI: Patni’s Q1 2010 Net Income* up 122.7% YoY
Press release from Business Wire India
Source: Patni Computer Systems
Thursday, April 29, 2010 10:00 AM IST (04:30 AM GMT)
Editors: General: Consumer interest, Economy; Business: Banking & financial services, Business services, Financial Analyst, Information technology, Media & entertainment, Stock exchanges; Technology
--------------------------------------------------
Patni's Q1 2010 Net Income* up 122.7% YoY
Mumbai, Maharashtra, India, Thursday, April 29, 2010 -- (Business Wire India) -- Patni Computer Systems Limited (Patni) today announced its financial results for the first quarter ended 31st March 2010
* Important Note: As stated in our earnings release of Q4 2009, based on reviews certain tax positions for previous years was written back which led to a one time increase in other income of US$ 1.5 million and decrease in tax expense of US$ 9.5 million. Consequently, profit after tax had increased by US$ 11.0 million for Q4 2009. These Variations were referred to as "Extra Ordinary Items" in said press release. In this release these have been separately shown as exclusion for non-GAAP presentation in respective lines of gross profit, other income, tax expense and net income, for comparative purposes and should be read together with the reported US GAAP results.
Performance Highlights for the quarter ended March 31,2010
. Revenues for the quarter at US$ 172.3 million (Rs.7,745.4 million)
o Up 1.3% QoQ from US$ 170.2 million (Rs.7,896.1 million)
o Up 10.0% YoY from US$ 156.7 million (Rs.7,969.1 million)
o Constant currency Revenues up 1.9 % for the quarter
o Revenue concentration of Top 10 customers reduced sequentially to 48.7% from 50.9% in previous quarter.
. Operating Income for the quarter at US$ 36.2 million (Rs.1,627.0 million)
o Up 8.7% QoQ from US$ 33.3 million (Rs.1,545.6 million)
o Up 126.6% YoY from US$ 16.0 million (Rs.812.4 million)
o Forex gain for the quarter US$ 4.8 million, up 49% QoQ
. Net Income for the quarter at US$ 33.3 million (Rs.1,497.1 million)
o Down 17.7% QoQ from US$ 40.5 million (Rs. 1,878.4 million)
o Up 13.1% QoQ from US$ 29.4 million (Excluding extra ordinary items)
o Up 122.7% YoY from US$ 15.0 million (Rs.760.7 million)
. EPS for the quarter at US$ 0.26 per share (US$ 0.52 per ADS).
Future Outlook:
. Q2 CY2010 Revenues are expected to be at US$ 171 million to US$ 172 million and Net Income (Excluding the hedging Gain/Loss) is expected to be in the range of US$ 27 million to US$ 28 million
-- This guidance is based on constant Rupee -USD rate of Rs.45.5.
-- Mark to Market foreign exchange gain during Q2 2010 is expected to be in the range of US$ 2.5 million based on current estimates. This may change depending on further currency movements during the quarter and will impact our Net Earnings accordingly.
Management Comments
Mr.Jeya Kumar, Chief Executive Officer, said, "Operating performance for Q1 2010 has been better than expectation. We are making strategic investments to our business in line with our micro vertical based strategy. These initiatives and expansion of coverage will start reflecting in higher market share for us in the mid term. Short term supply side pressures in term of higher than planned attrition were challenges that we faced and have been actioned for correctness. Overall we are pleased with the performance for the quarter. Our guidance for next quarter reflects short terms caution than mid to long term trends."
Speaking on the occasion, Mr. Surjeet Singh, Chief Financial Officer, said, "Our operating margins management efforts have paid off with well managed cost structures and efficient forex and treasury management as reflected in the numbers. Growth investments and initiatives are in place and are being executed. We will continue to focus on productivity based savings to fund operating investments as we scale our business through organic and in organic means."
Corporate Developments
Appointments:
. Patni appoints Alison Fry as new HR Director for EMEA region
Patni announced that it has appointed Alison Fry as its new Human Resources Director for the EMEA region. Alison has more than 20 years' industry experience and will be responsible for the entire HR function within Patni's EMEA business. Alison joins Patni from Real HR Consulting, where she provided HR outsourcing consultancy to organizations in the financial and technology sectors. Before that, she worked in senior HR roles within companies such as TCS, SHL, Sony UK, Steria and Hitachi Data Systems.
Awards & Recognition:
. Patni wins award for innovative HR practices
Patni recently announced that it has received the award for 'Innovative Retention Strategies' at the World HRD Congress 2010. The prestigious global HRD event, which honors organizational transformation and development, saw a congregation of 189 companies from over 25 countries. Rajesh Padmanabhan, EVP and Global HR Head at Patni, was also awarded the prestigious 'HR Professional of the Year' for his leadership and contribution in the field of HR.
Expansion:
. Patni bags large multiyear contract from Universal American and enters TPA segment
Patni has announced a 5 year agreement for providing end-to-end policy administration services for Universal American Corp. (Universal American). Patni has also signed a definitive agreement to acquire CHCS Services, Inc., a wholly owned subsidiary of Universal American.
The acquisition creates a new hub for Patni in Pensacola, Fla. and establishes a new line of business for Patni as a Third-Party Administrator (TPA) in the insurance and healthcare sector, significantly enhancing its existing BPO capabilities to deliver end-to-end platform based solutions and TPA services to insurance providers' back-office transactions.
. Patni Establishes New BPO Delivery Center in Texas for North American Customers
Patni announced the establishment of a new North American hub for Business Process Outsourcing operations in El Paso, Texas. The move was triggered by a multiyear, multimillion-dollar BPO services contract with a leading healthcare technology and services provider. When fully staffed, it will employ more than 300 skilled professionals providing a wide range of insurance, financial services, F&A, technical support and multi-lingual helpdesk services to Patni's North American clients. In addition, the BPO services deal strengthens Patni's healthcare delivery capability across the Payers and Providers segment.
. Patni Computer Systems Opens New IT Delivery Center in Queretaro, Mexico
Patni recently hosted a ribbon-cutting ceremony to unveil a new state-of-the-art IT business center in Queretaro, Mexico, that will expand Patni's global delivery initiative and serve as the hub of the company's expansion efforts in Latin American markets. Patni is moving from its temporary facility into a permanent location in a high-rise building at ITESM Technological Park of Tech de Monterrey.
Financial Statements Analysis:
Revenues
Revenues during the quarter were higher by 1.3% sequentially to US$ 172.3 million (Rs.7,745.4 million), from US$ 170.2 million (Rs.7,896.1 million) in the preceding quarter. Revenue growth at constant currency was up 1.9%. Number of active clients were 260 at quarter end as compared to 272 in Q4 2009. New clients acquisitions during the quarter were 9.
Gross Margin
Gross Margins were at 38.3% or US$ 66.0 million (Rs.2,968.4 million) against 37.9% or US$ 64.5 million (Rs.2,995.1 million) in the previous quarter. Improvement in Gross margin is primarily on account of higher operating efficiencies.
Overall non cash expenses were US$ 5.3 million which includes depreciation and amortization expenses of US$ 4.5 million and stock option charge of US$ 0.8 million. Corresponding expenses for Q4 were US$ 4.9 million for depreciation and amortization and US$ 0.8 million for stock option charge.
Selling General and Administrative Expenses (SGA Expenses)
Sales and marketing expenses during the quarter were at US$ 15.9 million (Rs.712.7 million) at 9.2% as compared to US$ 14.2 million (Rs.660.1 million) at 8.4% in the previous quarter.
G&A expenses during the quarter were at US$ 18.2 million (Rs.816.9 million) or 10.5% as compared to US$ 18.4 million (Rs.852.8 million) at 10.8% during the previous quarter.
Overall non cash expenses is US$ 3.6 million which includes depreciation and amortization expenses at US$ 2.2 million for the quarter as against US$ 1.6 million in Q4 2009 and stock option charge at US$ 1.4 million for the quarter as against US$ 1.7 million in Q4 2009.
Foreign exchange gain/loss
The revaluation and mark to market foreign exchange gain for the quarter were at US$ 4.8 million (Rs.214.3 million) as compared to foreign exchange gain of US$ 3.2 million (Rs.148.5 million) during the previous quarter.
The quarter end rate for debtor's revaluation was Rs.44.91. Outstanding contracts at the end of Q1 2010 were about US$ 356 million which were contracted in the range of Rs.41.1 to Rs 49.4.
Operating Income
Operating Income including foreign exchange gain / loss was at US$ 36.2 million (Rs.1,627.0 million) or at 21.0% during the quarter as compared to US$ 33.3 million or at 19.6% during previous quarter.
Other Income
For Q1 CY2010, other income (including interest and dividend income net of interest expenses, profit/loss on sale of investments and other miscellaneous income) stood at 2.6% or US$ 4.4 million (Rs.198.2 million) during the quarter as compared to 2.5% or US$ 4.3 million (Rs.197.4 million) during previous quarter.
Other Income adjusted for Extra ordinary items was at US$ 2.7 million or at 1.6% during previous quarter.
Profit before Tax
Profit before tax for the quarter at 23.6% was US$ 40.6 million (Rs.1,825.2 million),higher by 8.1% as compared to US$ 37.6 million (Rs.1,743.0 million) during previous quarter. Profit before Tax adjusted for Extra Ordinary items was sequentially higher by 12.7% from US$ 36.0 million.
Income Taxes
Income tax for the quarter was at US$ 7.3 million (Rs.328.1 million) at an effective tax rate of 18.0%.
Net Income
Consequently, net income for the quarter is at 19.3% was US$ 33.3 million (Rs.1,497.1 million), lower by 17.7% as compared to previous quarter net income of US$ 40.5 million (Rs.1,878.4 million). Net Income adjusted for Extra ordinary items was sequentially higher by 13.1% from US$ at US$ 29.4 million.
Balance Sheet and Cash Flow changes
During the quarter, against net income of US$ 33.3 million (Rs.1,497.1 million),cash from operating activities was at US$ 13.3 million (Rs.596.7 million) net of changes in current assets and liabilities of US$ (-) 26.8 million and non cash charges of US$ 6.7 million.
Net cash used in investing activities was US$ 21.3 million (Rs.958.2 million) including capital expenditure of US$ 2.5 million (Rs.111.0 million),net cash invested in securities US$ 18.8 million (Rs.847.2 million).
Net cash inflow on financing activities was US$ 1.4 million (Rs.63.4 million) comprising proceeds from common shares issued of US$ 1.5 million (Rs.65.6 million) and US$(-) 0.1 million (Rs.2.2 million) on other financing activities. Over all cash and cash equivalents (including short term investments) post revaluation, were at US$ 467.3 million (Rs.21,006.7 million), as compared to US$ 439.3 million (Rs.20,384.3 million) at the close of Q4 2009.
Receivables at the end of Q1 2010 were at US$114.3 million as compared to US$ 109.4 million at the end of Q4 2009. Number of days outstanding (Including Unbilled receivables) for current quarter was 80 days as compared to 69 days in Q4 2009
Important Notes to this release:
- Fiscal Year
Patni follows a January - December fiscal year. The current review covers the financial and operating performance of the Company for the quarter ended March 31, 2010
- U.S. GAAP
A Consolidated Statement of Income in US GAAP is available on page 3 of the Fact Sheet attached to this release
- Percentage analysis
Any percentage amounts, as set forth in this release, unless otherwise indicated, have been calculated on the basis of the U.S. Dollar amounts derived from our consolidated financial statements prepared in accordance with U.S. GAAP, and not on the basis of any translated Rupee amount. Calculation of percentage amounts on the basis of Rupee amounts may lead to results that are different, in a material way, from those calculated as per U.S. Dollar amounts.
- Convenience translation
A Consolidated Statement of Income as per Convenience Translation prepared in accordance with US GAAP is available on page 6 of the Fact Sheet attached to this release. We have translated the financial data derived from our consolidated financial statements prepared in accordance with U.S. GAAP for each period at the noon buying rate in the City of New York on the last business day of such period for cable transfers in Rupees as certified for customs purposes by the Federal Reserve Bank of New York. The translations should not be considered as a representation that such US Dollar amounts have been, could have been or could be converted into Rupees at any particular rate, the rate stated elsewhere in this document, or at all. Investors are cautioned to not rely on such translated amounts.
- Attached Fact Sheet (results & analysis tables)
Fact Sheet
About Patni Computer Systems Ltd:
Patni Computer Systems Limited (BSE: PATNI COMPUT, NSE: PATNI, NYSE: PTI) is a global provider of IT Services and business solutions, servicing Global 2000 clients. Patni services its clients through its industry-focused practices, including banking, financial services (BFS) and insurance (I); manufacturing, retail and distribution (MRD); life sciences; communications, media and utilities (CMU), and its technology-focused practices.
With an employee strength of around 14,000; multiple global delivery centers spread across 13 cities worldwide; 28 international offices across the Americas, Europe and Asia-Pacific; Patni has registered revenues of US$ 656 million for the year 2009.
Patni's service offerings include application development and maintenance, enterprise application solutions, business and technology consulting, product engineering services, infrastructure management services, customer interaction services & business process outsourcing, quality assurance and engineering services.
Committed to quality, Patni adds value to its clients' businesses through well-established and structured methodologies, tools and techniques. Patni is an ISO 9001: 2008 certified and SEI-CMMI-Dev Level 5 (V 1.2) organization. In keeping with its focus on continuous process improvements, Patni adopts Six Sigma practices as an integral part of its quality and process frameworks.
Patni leverages its vast experience spanning three decades; deep domain expertise; full-spectrum services; and suites of IP-led solutions, methodologies and frameworks; in being an effective business transformation partner to its clients.
For more information on Patni, visit www.patni.com.
IMPORTANT NOTE:
Certain statements in this release concerning our future growth prospects are forward-looking statements, which involve a number of risks, and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding fluctuations in earnings, our ability to manage growth, intense competition in IT services including those factors which may affect our cost advantage, wage increases in India, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, restrictions on immigration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks, liability for damages on our service contracts, the success of the companies in which Patni has made strategic investments, withdrawal of governmental fiscal incentives, political instability, legal restrictions on raising capital or acquiring companies outside India, and unauthorized use of our intellectual property and general economic conditions affecting our industry. The company does not undertake to update any forward-looking statement that may be made from time to time by or on behalf of the Company.
To view the press release with tables, please click on the link given below:
Press Release with tables
For picture(s)/data to illustrate this release click below:
http://www.BusinessWireIndia.com/attachments/Patni_Q1_2010_PressRelease.doc
Patni_Q1_2010_PressRelease.doc
http://www.BusinessWireIndia.com/attachments/Fact Sheet Q110.pdf
Fact Sheet Q110.pdf
CONTACT DETAILS
Gaurav Agarwal, Investor Relations, Patni US, +1-617-914-8360, investors@patni.com
Gavin Desa, Investor Relations, Citigate Dewe Rogerson, +91 (22) 40075037, gavin@cdr-india.com
Heena Kanal, Media Relations, Patni India, +91 (22) 66930500, heena.kanal@patni.com
Tony Viola, Media Relations, Patni US, +1-617-354-7424, tony.viola@patni.com
KEYWORDS
CONSUMER, ECONOMY, BANKING, BUSINESS SERVICES, Financial Analyst, IT, MEDIA, STOCK EXCHANGES, TECHNOLOGY, PATNI.BO, PATNI.NS
If you wish to change your Business Wire India selection please click on this link http://www.businesswireindia.com/media/news.asp and use your personal username and password to login.
Submit your press release at http://www.businesswireindia.com
Source: Patni Computer Systems
Thursday, April 29, 2010 10:00 AM IST (04:30 AM GMT)
Editors: General: Consumer interest, Economy; Business: Banking & financial services, Business services, Financial Analyst, Information technology, Media & entertainment, Stock exchanges; Technology
--------------------------------------------------
Patni's Q1 2010 Net Income* up 122.7% YoY
Mumbai, Maharashtra, India, Thursday, April 29, 2010 -- (Business Wire India) -- Patni Computer Systems Limited (Patni) today announced its financial results for the first quarter ended 31st March 2010
* Important Note: As stated in our earnings release of Q4 2009, based on reviews certain tax positions for previous years was written back which led to a one time increase in other income of US$ 1.5 million and decrease in tax expense of US$ 9.5 million. Consequently, profit after tax had increased by US$ 11.0 million for Q4 2009. These Variations were referred to as "Extra Ordinary Items" in said press release. In this release these have been separately shown as exclusion for non-GAAP presentation in respective lines of gross profit, other income, tax expense and net income, for comparative purposes and should be read together with the reported US GAAP results.
Performance Highlights for the quarter ended March 31,2010
. Revenues for the quarter at US$ 172.3 million (Rs.7,745.4 million)
o Up 1.3% QoQ from US$ 170.2 million (Rs.7,896.1 million)
o Up 10.0% YoY from US$ 156.7 million (Rs.7,969.1 million)
o Constant currency Revenues up 1.9 % for the quarter
o Revenue concentration of Top 10 customers reduced sequentially to 48.7% from 50.9% in previous quarter.
. Operating Income for the quarter at US$ 36.2 million (Rs.1,627.0 million)
o Up 8.7% QoQ from US$ 33.3 million (Rs.1,545.6 million)
o Up 126.6% YoY from US$ 16.0 million (Rs.812.4 million)
o Forex gain for the quarter US$ 4.8 million, up 49% QoQ
. Net Income for the quarter at US$ 33.3 million (Rs.1,497.1 million)
o Down 17.7% QoQ from US$ 40.5 million (Rs. 1,878.4 million)
o Up 13.1% QoQ from US$ 29.4 million (Excluding extra ordinary items)
o Up 122.7% YoY from US$ 15.0 million (Rs.760.7 million)
. EPS for the quarter at US$ 0.26 per share (US$ 0.52 per ADS).
Future Outlook:
. Q2 CY2010 Revenues are expected to be at US$ 171 million to US$ 172 million and Net Income (Excluding the hedging Gain/Loss) is expected to be in the range of US$ 27 million to US$ 28 million
-- This guidance is based on constant Rupee -USD rate of Rs.45.5.
-- Mark to Market foreign exchange gain during Q2 2010 is expected to be in the range of US$ 2.5 million based on current estimates. This may change depending on further currency movements during the quarter and will impact our Net Earnings accordingly.
Management Comments
Mr.Jeya Kumar, Chief Executive Officer, said, "Operating performance for Q1 2010 has been better than expectation. We are making strategic investments to our business in line with our micro vertical based strategy. These initiatives and expansion of coverage will start reflecting in higher market share for us in the mid term. Short term supply side pressures in term of higher than planned attrition were challenges that we faced and have been actioned for correctness. Overall we are pleased with the performance for the quarter. Our guidance for next quarter reflects short terms caution than mid to long term trends."
Speaking on the occasion, Mr. Surjeet Singh, Chief Financial Officer, said, "Our operating margins management efforts have paid off with well managed cost structures and efficient forex and treasury management as reflected in the numbers. Growth investments and initiatives are in place and are being executed. We will continue to focus on productivity based savings to fund operating investments as we scale our business through organic and in organic means."
Corporate Developments
Appointments:
. Patni appoints Alison Fry as new HR Director for EMEA region
Patni announced that it has appointed Alison Fry as its new Human Resources Director for the EMEA region. Alison has more than 20 years' industry experience and will be responsible for the entire HR function within Patni's EMEA business. Alison joins Patni from Real HR Consulting, where she provided HR outsourcing consultancy to organizations in the financial and technology sectors. Before that, she worked in senior HR roles within companies such as TCS, SHL, Sony UK, Steria and Hitachi Data Systems.
Awards & Recognition:
. Patni wins award for innovative HR practices
Patni recently announced that it has received the award for 'Innovative Retention Strategies' at the World HRD Congress 2010. The prestigious global HRD event, which honors organizational transformation and development, saw a congregation of 189 companies from over 25 countries. Rajesh Padmanabhan, EVP and Global HR Head at Patni, was also awarded the prestigious 'HR Professional of the Year' for his leadership and contribution in the field of HR.
Expansion:
. Patni bags large multiyear contract from Universal American and enters TPA segment
Patni has announced a 5 year agreement for providing end-to-end policy administration services for Universal American Corp. (Universal American). Patni has also signed a definitive agreement to acquire CHCS Services, Inc., a wholly owned subsidiary of Universal American.
The acquisition creates a new hub for Patni in Pensacola, Fla. and establishes a new line of business for Patni as a Third-Party Administrator (TPA) in the insurance and healthcare sector, significantly enhancing its existing BPO capabilities to deliver end-to-end platform based solutions and TPA services to insurance providers' back-office transactions.
. Patni Establishes New BPO Delivery Center in Texas for North American Customers
Patni announced the establishment of a new North American hub for Business Process Outsourcing operations in El Paso, Texas. The move was triggered by a multiyear, multimillion-dollar BPO services contract with a leading healthcare technology and services provider. When fully staffed, it will employ more than 300 skilled professionals providing a wide range of insurance, financial services, F&A, technical support and multi-lingual helpdesk services to Patni's North American clients. In addition, the BPO services deal strengthens Patni's healthcare delivery capability across the Payers and Providers segment.
. Patni Computer Systems Opens New IT Delivery Center in Queretaro, Mexico
Patni recently hosted a ribbon-cutting ceremony to unveil a new state-of-the-art IT business center in Queretaro, Mexico, that will expand Patni's global delivery initiative and serve as the hub of the company's expansion efforts in Latin American markets. Patni is moving from its temporary facility into a permanent location in a high-rise building at ITESM Technological Park of Tech de Monterrey.
Financial Statements Analysis:
Revenues
Revenues during the quarter were higher by 1.3% sequentially to US$ 172.3 million (Rs.7,745.4 million), from US$ 170.2 million (Rs.7,896.1 million) in the preceding quarter. Revenue growth at constant currency was up 1.9%. Number of active clients were 260 at quarter end as compared to 272 in Q4 2009. New clients acquisitions during the quarter were 9.
Gross Margin
Gross Margins were at 38.3% or US$ 66.0 million (Rs.2,968.4 million) against 37.9% or US$ 64.5 million (Rs.2,995.1 million) in the previous quarter. Improvement in Gross margin is primarily on account of higher operating efficiencies.
Overall non cash expenses were US$ 5.3 million which includes depreciation and amortization expenses of US$ 4.5 million and stock option charge of US$ 0.8 million. Corresponding expenses for Q4 were US$ 4.9 million for depreciation and amortization and US$ 0.8 million for stock option charge.
Selling General and Administrative Expenses (SGA Expenses)
Sales and marketing expenses during the quarter were at US$ 15.9 million (Rs.712.7 million) at 9.2% as compared to US$ 14.2 million (Rs.660.1 million) at 8.4% in the previous quarter.
G&A expenses during the quarter were at US$ 18.2 million (Rs.816.9 million) or 10.5% as compared to US$ 18.4 million (Rs.852.8 million) at 10.8% during the previous quarter.
Overall non cash expenses is US$ 3.6 million which includes depreciation and amortization expenses at US$ 2.2 million for the quarter as against US$ 1.6 million in Q4 2009 and stock option charge at US$ 1.4 million for the quarter as against US$ 1.7 million in Q4 2009.
Foreign exchange gain/loss
The revaluation and mark to market foreign exchange gain for the quarter were at US$ 4.8 million (Rs.214.3 million) as compared to foreign exchange gain of US$ 3.2 million (Rs.148.5 million) during the previous quarter.
The quarter end rate for debtor's revaluation was Rs.44.91. Outstanding contracts at the end of Q1 2010 were about US$ 356 million which were contracted in the range of Rs.41.1 to Rs 49.4.
Operating Income
Operating Income including foreign exchange gain / loss was at US$ 36.2 million (Rs.1,627.0 million) or at 21.0% during the quarter as compared to US$ 33.3 million or at 19.6% during previous quarter.
Other Income
For Q1 CY2010, other income (including interest and dividend income net of interest expenses, profit/loss on sale of investments and other miscellaneous income) stood at 2.6% or US$ 4.4 million (Rs.198.2 million) during the quarter as compared to 2.5% or US$ 4.3 million (Rs.197.4 million) during previous quarter.
Other Income adjusted for Extra ordinary items was at US$ 2.7 million or at 1.6% during previous quarter.
Profit before Tax
Profit before tax for the quarter at 23.6% was US$ 40.6 million (Rs.1,825.2 million),higher by 8.1% as compared to US$ 37.6 million (Rs.1,743.0 million) during previous quarter. Profit before Tax adjusted for Extra Ordinary items was sequentially higher by 12.7% from US$ 36.0 million.
Income Taxes
Income tax for the quarter was at US$ 7.3 million (Rs.328.1 million) at an effective tax rate of 18.0%.
Net Income
Consequently, net income for the quarter is at 19.3% was US$ 33.3 million (Rs.1,497.1 million), lower by 17.7% as compared to previous quarter net income of US$ 40.5 million (Rs.1,878.4 million). Net Income adjusted for Extra ordinary items was sequentially higher by 13.1% from US$ at US$ 29.4 million.
Balance Sheet and Cash Flow changes
During the quarter, against net income of US$ 33.3 million (Rs.1,497.1 million),cash from operating activities was at US$ 13.3 million (Rs.596.7 million) net of changes in current assets and liabilities of US$ (-) 26.8 million and non cash charges of US$ 6.7 million.
Net cash used in investing activities was US$ 21.3 million (Rs.958.2 million) including capital expenditure of US$ 2.5 million (Rs.111.0 million),net cash invested in securities US$ 18.8 million (Rs.847.2 million).
Net cash inflow on financing activities was US$ 1.4 million (Rs.63.4 million) comprising proceeds from common shares issued of US$ 1.5 million (Rs.65.6 million) and US$(-) 0.1 million (Rs.2.2 million) on other financing activities. Over all cash and cash equivalents (including short term investments) post revaluation, were at US$ 467.3 million (Rs.21,006.7 million), as compared to US$ 439.3 million (Rs.20,384.3 million) at the close of Q4 2009.
Receivables at the end of Q1 2010 were at US$114.3 million as compared to US$ 109.4 million at the end of Q4 2009. Number of days outstanding (Including Unbilled receivables) for current quarter was 80 days as compared to 69 days in Q4 2009
Important Notes to this release:
- Fiscal Year
Patni follows a January - December fiscal year. The current review covers the financial and operating performance of the Company for the quarter ended March 31, 2010
- U.S. GAAP
A Consolidated Statement of Income in US GAAP is available on page 3 of the Fact Sheet attached to this release
- Percentage analysis
Any percentage amounts, as set forth in this release, unless otherwise indicated, have been calculated on the basis of the U.S. Dollar amounts derived from our consolidated financial statements prepared in accordance with U.S. GAAP, and not on the basis of any translated Rupee amount. Calculation of percentage amounts on the basis of Rupee amounts may lead to results that are different, in a material way, from those calculated as per U.S. Dollar amounts.
- Convenience translation
A Consolidated Statement of Income as per Convenience Translation prepared in accordance with US GAAP is available on page 6 of the Fact Sheet attached to this release. We have translated the financial data derived from our consolidated financial statements prepared in accordance with U.S. GAAP for each period at the noon buying rate in the City of New York on the last business day of such period for cable transfers in Rupees as certified for customs purposes by the Federal Reserve Bank of New York. The translations should not be considered as a representation that such US Dollar amounts have been, could have been or could be converted into Rupees at any particular rate, the rate stated elsewhere in this document, or at all. Investors are cautioned to not rely on such translated amounts.
- Attached Fact Sheet (results & analysis tables)
Fact Sheet
About Patni Computer Systems Ltd:
Patni Computer Systems Limited (BSE: PATNI COMPUT, NSE: PATNI, NYSE: PTI) is a global provider of IT Services and business solutions, servicing Global 2000 clients. Patni services its clients through its industry-focused practices, including banking, financial services (BFS) and insurance (I); manufacturing, retail and distribution (MRD); life sciences; communications, media and utilities (CMU), and its technology-focused practices.
With an employee strength of around 14,000; multiple global delivery centers spread across 13 cities worldwide; 28 international offices across the Americas, Europe and Asia-Pacific; Patni has registered revenues of US$ 656 million for the year 2009.
Patni's service offerings include application development and maintenance, enterprise application solutions, business and technology consulting, product engineering services, infrastructure management services, customer interaction services & business process outsourcing, quality assurance and engineering services.
Committed to quality, Patni adds value to its clients' businesses through well-established and structured methodologies, tools and techniques. Patni is an ISO 9001: 2008 certified and SEI-CMMI-Dev Level 5 (V 1.2) organization. In keeping with its focus on continuous process improvements, Patni adopts Six Sigma practices as an integral part of its quality and process frameworks.
Patni leverages its vast experience spanning three decades; deep domain expertise; full-spectrum services; and suites of IP-led solutions, methodologies and frameworks; in being an effective business transformation partner to its clients.
For more information on Patni, visit www.patni.com.
IMPORTANT NOTE:
Certain statements in this release concerning our future growth prospects are forward-looking statements, which involve a number of risks, and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding fluctuations in earnings, our ability to manage growth, intense competition in IT services including those factors which may affect our cost advantage, wage increases in India, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, restrictions on immigration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks, liability for damages on our service contracts, the success of the companies in which Patni has made strategic investments, withdrawal of governmental fiscal incentives, political instability, legal restrictions on raising capital or acquiring companies outside India, and unauthorized use of our intellectual property and general economic conditions affecting our industry. The company does not undertake to update any forward-looking statement that may be made from time to time by or on behalf of the Company.
To view the press release with tables, please click on the link given below:
Press Release with tables
For picture(s)/data to illustrate this release click below:
http://www.BusinessWireIndia.com/attachments/Patni_Q1_2010_PressRelease.doc
Patni_Q1_2010_PressRelease.doc
http://www.BusinessWireIndia.com/attachments/Fact Sheet Q110.pdf
Fact Sheet Q110.pdf
CONTACT DETAILS
Gaurav Agarwal, Investor Relations, Patni US, +1-617-914-8360, investors@patni.com
Gavin Desa, Investor Relations, Citigate Dewe Rogerson, +91 (22) 40075037, gavin@cdr-india.com
Heena Kanal, Media Relations, Patni India, +91 (22) 66930500, heena.kanal@patni.com
Tony Viola, Media Relations, Patni US, +1-617-354-7424, tony.viola@patni.com
KEYWORDS
CONSUMER, ECONOMY, BANKING, BUSINESS SERVICES, Financial Analyst, IT, MEDIA, STOCK EXCHANGES, TECHNOLOGY, PATNI.BO, PATNI.NS
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BWI: Vizioncore Signs Distribution Agreement with Avnet Technology Solutions India
Press release from Business Wire India
Source: Business Wire
Thursday, April 29, 2010 10:42 AM IST (05:12 AM GMT)
Editors: General: Consumer interest; Business: Advertising, PR & marketing, Banking & financial services, Business services, Information technology; Technology
--------------------------------------------------
(BW)(IL-VIZIONCORE)Vizioncore Signs Distribution Agreement with Avnet Technology Solutions India
Vizioncore to Focus on Value-Added Distribution Model With Avnet
Hoffman Estates, Illinois, United States, Thursday, April 29, 2010 -- (Business Wire India) --
CONTACT DETAILS
CONTACTS :
Nishi Oswal
Avnet Technology Solutions, INDIA
Tel: +91.9820075465
Email: nishi.oswal@avnet.com
or
Lynn Webster-Scott
Vizioncore
Tel.: +44.(0)7786.934744
Email: lynn.webster-scott@vizioncore.com
KEYWORDS
CONSUMER, MARKETING, BANKING, BUSINESS SERVICES, IT, TECHNOLOGY
If you wish to change your Business Wire India selection please click on this link http://www.businesswireindia.com/media/news.asp and use your personal username and password to login.
http://www.businesswire.com
Submit your press release at http://www.businesswireindia.com
Source: Business Wire
Thursday, April 29, 2010 10:42 AM IST (05:12 AM GMT)
Editors: General: Consumer interest; Business: Advertising, PR & marketing, Banking & financial services, Business services, Information technology; Technology
--------------------------------------------------
(BW)(IL-VIZIONCORE)Vizioncore Signs Distribution Agreement with Avnet Technology Solutions India
Vizioncore to Focus on Value-Added Distribution Model With Avnet
Hoffman Estates, Illinois, United States, Thursday, April 29, 2010 -- (Business Wire India) --
Vizioncore Inc., the market leader in virtual data protection and management solutions, has signed a non-exclusive distribution agreement with Avnet Technology Solutions, India. Avnet is an ideal fit for Vizioncore in the region because it can offer a comprehensive suite of Vizioncore products complementing VMware, in addition to the existing VMware portfolio. Vizioncore is a wholly owned subsidiary of Quest Software, Inc.
Since entering the Indian market in 2008, Vizioncore has partnered with six of the top 10 VMware resellers, and significantly expanded its customer base across industry sectors. As the virtualization market in India continues to mature, the agreement with Avnet will allow Vizioncore to broaden its reach across more channels.
"Virtualization is one of the most significant factors shaping IT infrastructure and operations in India," said Naresh Desai, general manager, Avnet Technology Solutions, India. "It's so widespread that we see many products now in development to cope with associated issues like bottlenecks and lifecycle management. It's not just about hypervisors anymore; the attention really has switched to technologies that enable end users to take control of their virtual environments."
"With this partnership, we will leverage our extensive partner base to expand Vizioncore's reach in India, and present our channel with cutting-edge solutions," Desai added.
Avnet first launched its VirtualPath program in the U.S., where partners who actively participated in the program saw significant increases in their business. Avnet has initiated the program in India, educating the reseller community with support from vendors such as Vizioncore.
"Vizioncore will continue to focus its efforts on broadening its reseller base in India, and the agreement with Avnet forms a key part of our ongoing strategy," explained Gucharan Singh, regional director for Asia, Vizioncore. "Rising levels of demand from customers suggest that the virtualization market has reached a tipping point in India, and reseller-focused initiatives such as Avnet's VirtualPath program provide another welcome step in the right direction."
To learn more about Vizioncore products at Interop, visit the Vizioncore team in the VMware booth (#1919). For more information, visit www.vizioncore.com and http://vcommunity.vizioncore.com or one of the following links:
Twitter: http://twitter.com/vizioncore
RSS: http://www.vizioncore.com/company/rss.php
Facebook: http://www.facebook.com/group.php?gid=61674151233
LinkedIn: http://www.linkedin.com/groups?about=&gid=1173957&trk=anet_ug_grppro
About Vizioncore Inc.
Vizioncore Inc. is a wholly owned subsidiary of Quest Software (Nasdaq: QSFT), a leading IT management vendor. Vizioncore is the market leader in virtualization management, enabling organizations to reduce complexity and improve operational efficiency by redefining how data management, monitoring and administration are performed in virtual environments. The combination of Vizioncore's virtualization expertise and Quest Software's leadership gives customers a single vendor for managing dynamic environments that combine physical and virtual resources, either on-premise or in the cloud. For more information, please visit www.vizioncore.com or www.quest.com.
About Avnet Technology Solutions
As a global solutions distributor, Avnet Technology Solutions collaborates with its customers and suppliers to create and deliver effective solutions that address the business challenges of their end-user customers locally and around the world. For fiscal year 2009, the group served customers in more than 30 countries and generated US $7.04 billion in annual revenue. Avnet Technology Solutions (www.ats.avnet.com) is an operating group of Avnet, Inc.
About Avnet
Avnet, Inc. (NYSE: AVT), a Fortune 500 company, is one of the largest distributors of electronic components, computer products and embedded technology in the world. Avnet accelerates its partners' success by connecting the world's leading technology suppliers with a broad base of more than 100,000 customers and providing cost-effective, value-added services and solutions. For the fiscal year ended June 27, 2009, Avnet generated revenue of $16.23 billion. For more information, visit www.avnet.com.
Vizioncore and the Vizioncore logo are trademarks or registered trademarks of Vizioncore Inc. in the United States and certain other countries. Other trademarks and registered trademarks are property of their respective owners.
Web Links Used In This Release:
Vizioncore Inc.: www.vizioncore.com/index.php
Quest Software, Inc.: www.quest.com
CONTACT DETAILS
CONTACTS :
Nishi Oswal
Avnet Technology Solutions, INDIA
Tel: +91.9820075465
Email: nishi.oswal@avnet.com
or
Lynn Webster-Scott
Vizioncore
Tel.: +44.(0)7786.934744
Email: lynn.webster-scott@vizioncore.com
KEYWORDS
CONSUMER, MARKETING, BANKING, BUSINESS SERVICES, IT, TECHNOLOGY
If you wish to change your Business Wire India selection please click on this link http://www.businesswireindia.com/media/news.asp and use your personal username and password to login.
http://www.businesswire.com
Submit your press release at http://www.businesswireindia.com
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