Press release from Business Wire India
Source: Technosoft Corporation
Thursday, January 31, 2013 06:37 PM IST (01:07 PM GMT)
Editors: General: People; Business: Business services, Information technology; Technology
--------------------------------------------------
Technosoft Announces the Launch of 'Technosoft Information Edge Services' (TIES)
Appoints Dr. Sumit Kumar Chand as Principal Scientist for Data Sciences
Chennai, Tamil Nadu, India, Thursday, January 31, 2013 -- (Business Wire India) -- Empowering organizations to capitalize on the immense opportunities in the area of Data Sciences, Technosoft announced the launch of Technosoft Information Edge Services (TIES). TIES will partner with enterprises to help them adapt to the insights from their information assets and transform them into foresights in near real-time thereby providing the competitive edge. TIES includes core BI/DW services as well as Value services such as Big Data integration and advanced predictive analytics.
As a part of this new initiative, the company has also announced the appointment of Dr. Sumit Kumar Chand as Principal Scientist of the Data Sciences practice. Dr. Chand is an industry acknowledged leader in the field of Data Sciences with specific interest in the area of application of machine learning algorithms to machine data analytics.
Mr. Rajiv Tandon, CEO, Technosoft Corporation said, "We are extremely excited with the launch of TIES. With this launch Technosoft is well positioned to help our customers address the 4V data challenge - velocity, volume, variety and veracity. Under the guidance of Dr. Chand we will be launching predictive analytic solutions for several industries including Healthcare, Telecom and Financial Services over the next three months."
"I am extremely happy to become a part of growing Technosoft Corporation." said, Dr. Sumit Kumar Chand, Principal Scientist - Data Sciences Practice, Technosoft. "Enterprises today are focusing on aggressively leveraging information assets in order to contain costs and enhance revenue. Analytics is fast becoming the go-to system to derive insights that help make businesses more agile. TIES is expected to help get to the underlying intelligence, interpret it into actionable insights and marketable foresights for enterprises. The future belongs to companies that can develop plug and play solutions that combine state-of-the-art algorithms with integration and visualization technologies."
Prior to Technosoft, Dr. Chand held key responsibilities across Fortune companies like GE, Yahoo!, Intel, Cisco, McAfee and Wipro Technologies. He holds a Ph.D. in Industrial Engineering and Management from IIT, Kharagpur and has a B.Tech from IIT Varanasi.
"TIES provides customers with a unique way to bridge the chasm between BI's traditional post-facto reporting approach and the algorithmic approach of Data Sciences. For example, Technosoft has a proprietary technology offering of embedding "intelligence" into standard BI reports using the power of algorithms." said, Mr. Mahesh Naphade, Global Data Sciences Practice Lead, Technosoft Corporation.
About Technosoft:
Technosoft Corporation is an IT and BPO services provider with headquarters in Southfield, MI, USA and delivery centers in India. We provide information technology, business process outsourcing and consulting services to companies in North America, Australia and New Zealand and Asia-Pacific regions. As a privately owned company we answer to only two constituencies - our customers and our employees. Our customers rely on us to provide services and solutions that leverage our industry and domain expertise combined with our technology prowess, delivery focus and quality. Our collaborative culture and work environment helps attract and retain exceptional talent which is a key ingredient of our sustained growth. To see how Technosoft can go 'Beyond Possible' for your organizational needs, email us at wecanhelp@technosoftcorp.com or visit us at www.technosoftcorp.com.
CONTACT DETAILS
Vishwakiran V, Director - Marketing, Technosoft Corporation, +91 (44) 42269999, Vishwakiran.V@technosoftcorp.com
R Arjunan, Group Head - PR, Brand-Comm, +91 9381290284, arjunan@brand-comm.com
KEYWORDS
PEOPLE, BUSINESS SERVICES, IT, TECHNOLOGY
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Thursday, January 31, 2013
BWI: Infineon’s True 16-bit Dual Interface Security Controllers Fully Certified by Bank Card Test Center of China; Volume Deliveries with Short Lead Times will Further Boost Migration to Chip-Based Banking Cards in China
Press release from Business Wire India
Source: Infineon Technologies India Pvt. Ltd.
Thursday, January 31, 2013 05:19 PM IST (11:49 AM GMT)
Editors: General: Consumer interest, People; Business: Banking & financial services, Business services, Energy companies, Information technology; Technology
--------------------------------------------------
Infineon's True 16-bit Dual Interface Security Controllers Fully Certified by Bank Card Test Center of China; Volume Deliveries with Short Lead Times will Further Boost Migration to Chip-Based Banking Cards in China
New Delhi, Delhi, India, Thursday, January 31, 2013 -- (Business Wire India) -- Infineon Technologies AG (FSE: IFX / OTCQX: IFNNY) today announced that its 16-bit SLE 77 and SLE 78 Dual Interface security controllers for payment applications have been fully certified by the Bank Card Test Center (BCTC) of China. The 16-bit SLE 7x product family targets secure bank cards with contact-based as well as contactless functionalities. Volume quantities can be shipped within 4 weeks and will further boost the ongoing migration from magnetic to smart cards in China.
Key players in China payment market have already qualified solutions based on the 16-bit SLE 7x Dual Interface security controllers and are delivering into the Chinese banking market. More than ten local banks in China have qualified and started to issue dual interface banking cards based on the SLE7x security controllers.
"We have a unique experience as market and technology leader for payment applications", says Goh Say Yeow, Vice President and Head of Chip Card & Security Asia Pacific at Infineon Technologies Asia Pacific. "The SLE 77 and SLE 78 are highly reliable security ICs and provide best-in-class contactless functionality which is crucial for the successful rollout of smart card based banking applications in India."
SLE 7x security controllers with outstanding qPBOC transaction time
The 16-bit SLE 7x security controllers from Infineon have demonstrated an outstanding performance in contactless applications. Their qPBOC transaction time for contactless applications is proven in the field to be 40 percent faster than conventional 8-bit products. Reliable and high processing speed is a prerequisite to increase convenience and hence acceptance of new contactless payment or ticketing applications by the end user. The SLE 7x security controllers also fulfill today's highest security standards. They are certified up to EAL 6+ (high) according to the international "Common Criteria" standard and have EMVCo approvals.
Banks and financial institutions are seizing the current migration process as an opportunity to provide additional services including contact-based or contactless fidelity programs, public transport ticketing and public access solutions to their customers. As a consequence, card manufacturers face increasing demand for more flexible and multifunctional smart cards. By taking advantage of the flexible and fast mask technology which is incorporated in every product of the SLE 7x product family from Infineon, they will be able to optimize their logistics by reducing their planning expenses, inventory costs and market risks.
According to RBI report there are over 18 million Credit cards & 302 million debit cards ( RBI Bank-wise ATM/POS/Card Statistics- Sept 2012). The recent initiatives and the interest shown by Indian banks on chip based EMV technology for banking cards, is expected to open up the market for large scale adoption.
Security for the connected world
With its core competences in the areas of security, contactless communication and integrated microcontroller solutions (Embedded Control), Infineon offers a comprehensive portfolio of semiconductor security products for many chip card and security applications. With this expertise, Infineon is improving security in our increasingly connected world, for example for mobile payments, for system security and secure official electronic documents. Infineon has been developing innovative solutions in the area of chip-based security for over 25 years and has been a global market leader for the last 15 years.
Further information on chip card and security solutions from Infineon is available at www.infineon.com/chip-card-and-security.
About Infineon
Infineon Technologies AG, Neubiberg, Germany, offers semiconductor and system solutions addressing three central challenges to modern society: energy efficiency, mobility, and security. In the 2012 fiscal year (ending September 30), the Company reported sales of Euro 3.9 billion with close to 26,700 employees worldwide. Infineon is listed on the Frankfurt Stock Exchange (ticker symbol: IFX) and in the USA on the over-the-counter market OTCQX International Premier (ticker symbol: IFNNY).
Further information is available at www.infineon.com.
This news release is available online at www.infineon.com/press.
CONTACT DETAILS
Nidhi Srivastava, Infineon Technologies India Pvt. Ltd., +91 9873404809, Nidhi.srivastava@infineon.com
KEYWORDS
CONSUMER, PEOPLE, BANKING, BUSINESS SERVICES, ENERGY, IT, TECHNOLOGY
If you wish to change your Business Wire India selection please click on this link http://www.businesswireindia.com/media/news.asp and use your personal username and password to login.
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Source: Infineon Technologies India Pvt. Ltd.
Thursday, January 31, 2013 05:19 PM IST (11:49 AM GMT)
Editors: General: Consumer interest, People; Business: Banking & financial services, Business services, Energy companies, Information technology; Technology
--------------------------------------------------
Infineon's True 16-bit Dual Interface Security Controllers Fully Certified by Bank Card Test Center of China; Volume Deliveries with Short Lead Times will Further Boost Migration to Chip-Based Banking Cards in China
New Delhi, Delhi, India, Thursday, January 31, 2013 -- (Business Wire India) -- Infineon Technologies AG (FSE: IFX / OTCQX: IFNNY) today announced that its 16-bit SLE 77 and SLE 78 Dual Interface security controllers for payment applications have been fully certified by the Bank Card Test Center (BCTC) of China. The 16-bit SLE 7x product family targets secure bank cards with contact-based as well as contactless functionalities. Volume quantities can be shipped within 4 weeks and will further boost the ongoing migration from magnetic to smart cards in China.
Key players in China payment market have already qualified solutions based on the 16-bit SLE 7x Dual Interface security controllers and are delivering into the Chinese banking market. More than ten local banks in China have qualified and started to issue dual interface banking cards based on the SLE7x security controllers.
"We have a unique experience as market and technology leader for payment applications", says Goh Say Yeow, Vice President and Head of Chip Card & Security Asia Pacific at Infineon Technologies Asia Pacific. "The SLE 77 and SLE 78 are highly reliable security ICs and provide best-in-class contactless functionality which is crucial for the successful rollout of smart card based banking applications in India."
SLE 7x security controllers with outstanding qPBOC transaction time
The 16-bit SLE 7x security controllers from Infineon have demonstrated an outstanding performance in contactless applications. Their qPBOC transaction time for contactless applications is proven in the field to be 40 percent faster than conventional 8-bit products. Reliable and high processing speed is a prerequisite to increase convenience and hence acceptance of new contactless payment or ticketing applications by the end user. The SLE 7x security controllers also fulfill today's highest security standards. They are certified up to EAL 6+ (high) according to the international "Common Criteria" standard and have EMVCo approvals.
Banks and financial institutions are seizing the current migration process as an opportunity to provide additional services including contact-based or contactless fidelity programs, public transport ticketing and public access solutions to their customers. As a consequence, card manufacturers face increasing demand for more flexible and multifunctional smart cards. By taking advantage of the flexible and fast mask technology which is incorporated in every product of the SLE 7x product family from Infineon, they will be able to optimize their logistics by reducing their planning expenses, inventory costs and market risks.
According to RBI report there are over 18 million Credit cards & 302 million debit cards ( RBI Bank-wise ATM/POS/Card Statistics- Sept 2012). The recent initiatives and the interest shown by Indian banks on chip based EMV technology for banking cards, is expected to open up the market for large scale adoption.
Security for the connected world
With its core competences in the areas of security, contactless communication and integrated microcontroller solutions (Embedded Control), Infineon offers a comprehensive portfolio of semiconductor security products for many chip card and security applications. With this expertise, Infineon is improving security in our increasingly connected world, for example for mobile payments, for system security and secure official electronic documents. Infineon has been developing innovative solutions in the area of chip-based security for over 25 years and has been a global market leader for the last 15 years.
Further information on chip card and security solutions from Infineon is available at www.infineon.com/chip-card-and-security.
About Infineon
Infineon Technologies AG, Neubiberg, Germany, offers semiconductor and system solutions addressing three central challenges to modern society: energy efficiency, mobility, and security. In the 2012 fiscal year (ending September 30), the Company reported sales of Euro 3.9 billion with close to 26,700 employees worldwide. Infineon is listed on the Frankfurt Stock Exchange (ticker symbol: IFX) and in the USA on the over-the-counter market OTCQX International Premier (ticker symbol: IFNNY).
Further information is available at www.infineon.com.
This news release is available online at www.infineon.com/press.
CONTACT DETAILS
Nidhi Srivastava, Infineon Technologies India Pvt. Ltd., +91 9873404809, Nidhi.srivastava@infineon.com
KEYWORDS
CONSUMER, PEOPLE, BANKING, BUSINESS SERVICES, ENERGY, IT, TECHNOLOGY
If you wish to change your Business Wire India selection please click on this link http://www.businesswireindia.com/media/news.asp and use your personal username and password to login.
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BWI: Hyundai Fleet for ICC Women’s World Cup India 2013
Press release from Business Wire India
Source: Hyundai Motor Company (HMC)
Thursday, January 31, 2013 04:52 PM IST (11:22 AM GMT)
Editors: General: Entertainment, People; Business: Automotives, Business services, Media & entertainment, Sports; Automotive
--------------------------------------------------
Hyundai Fleet for ICC Women's World Cup India 2013
Mumbai, Maharashtra, India, Thursday, January 31, 2013 -- (Business Wire India) -- Hyundai Motor Company (HMC), the fastest-growing automaker by brand, is the official partner for International Cricket Council (ICC) tournaments. Hyundai Motor India Limited (HMIL), a subsidiary of HMC, today handed over the keys of Hyundai fleet of cars for the ICC Women's World Cup India 2013 in Mumbai.
A fleet of 12 Hyundai cars were delivered by HMIL officials at the handing over ceremony held at the Cricket Club of India, J. N. Tata Pavillion, Brabourne Stadium in Mumbai. The fleet including the new Sonata, award winning Elantra and the Verna, will be used for the entire duration of the tournament by ICC officials and the women's World Cup teams from participating nations.
Nalin Kapoor, Senior General Manager and Group Head of Marketing, HMIL, commented at the key handing over ceremony, "We are proud to be associated with ICC as an official partner and are delighted to hand over our fleet of cars. We are certain that the experiences provided by Hyundai cars, which symbolize contemporary design and cutting-edge technology will be appreciated by all. Working to build momentum towards the ICC Women's World Cup India 2013, we are confident that this tournament will be a huge success and wish the very best for all participating teams."
Hyundai Motor Company is the official partner of ICC from 2011 to 2015, with exclusive category rights. HMIL will promote the ICC Women's World Cup India 2013 on social media platforms such as Facebook, Twitter, etc. Through these channels, HMIL will share the World Cup trophy photos, match schedules and highlights in addition to an interactive quiz to engage passionate cricket fans. Hyundai dealers have also planned various additional activities to promote the ICC Women's World Cup India 2013.
About HMIL
Hyundai Motor India Limited (HMIL) is a wholly owned subsidiary of Hyundai Motor Company (HMC). HMIL is the largest passenger car exporter and the second largest car manufacturer in India. It currently markets nine car models across segments - in the A2 segment it has the Eon, Santro, i10 and the i20, in the A3 segment the Accent and the Verna, in the A4 segment the Elantra, in the A5 segment Sonata and in the SUV segment the Santa Fe.
HMIL's fully integrated state-of-the-art manufacturing plant near Chennai boasts advanced production, quality and testing capabilities. HMIL forms a critical part of HMC's global export hub. It currently exports to around 120 countries across EU, Africa, Middle East, Latin America, Australia and the Asia Pacific. HMIL has been India's number one exporter for the past eight years consecutively. To support its growth and expansion plans, HMIL currently has 358 dealers and more than 890 service points across India. In its commitment to provide customers with cutting-edge global technology, HMIL set up a modern multi-million dollar R&D facility in Hyderabad. The R&D center endeavors to be a center of excellence in automobile engineering.
Corporate website: www.hyundai.co.in
To view the photograph, please click on teh link given below:
Mr. Nalin Kapoor, Senior General Manager & Group Head Marketing HMIL, handing over the keys of Hyundai fleet of cars to Mr. Suru Nayak, ICC Women's World Cup India 2013, Tournament Director at Brabourne Stadium in Mumbai. In the center Mr. Sanju S Kothari Joint Honorary Treasurer The CCI Ltd.
For picture(s)/data to illustrate this release click below:
http://www.BusinessWireIndia.com/attachments/IMG_1(89).jpg
IMG_1(89).jpg
CONTACT DETAILS
Ravi Sharma, Hyundai Motor India Ltd., +91 9873136644, ravisharma@hmil.net
V Anand, Hyundai Motor India Ltd., +91 9810758141, anandv@hmil.net
Monish Mazumdar, IPAN H+K Strategies, +91 9810542491, mmazumdar@ipanhillandknowlton.com
Sukriti Kalra, IPAN H+K Strategies, +91 9910393262, sukriti.kalra@hkstrategies.com
KEYWORDS
ENTERTAINMENT, PEOPLE, AUTOMOTIVE, BUSINESS SERVICES, MEDIA, SPORTS, 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.
Submit your press release at http://www.businesswireindia.com
Source: Hyundai Motor Company (HMC)
Thursday, January 31, 2013 04:52 PM IST (11:22 AM GMT)
Editors: General: Entertainment, People; Business: Automotives, Business services, Media & entertainment, Sports; Automotive
--------------------------------------------------
Hyundai Fleet for ICC Women's World Cup India 2013
Mumbai, Maharashtra, India, Thursday, January 31, 2013 -- (Business Wire India) -- Hyundai Motor Company (HMC), the fastest-growing automaker by brand, is the official partner for International Cricket Council (ICC) tournaments. Hyundai Motor India Limited (HMIL), a subsidiary of HMC, today handed over the keys of Hyundai fleet of cars for the ICC Women's World Cup India 2013 in Mumbai.
A fleet of 12 Hyundai cars were delivered by HMIL officials at the handing over ceremony held at the Cricket Club of India, J. N. Tata Pavillion, Brabourne Stadium in Mumbai. The fleet including the new Sonata, award winning Elantra and the Verna, will be used for the entire duration of the tournament by ICC officials and the women's World Cup teams from participating nations.
Nalin Kapoor, Senior General Manager and Group Head of Marketing, HMIL, commented at the key handing over ceremony, "We are proud to be associated with ICC as an official partner and are delighted to hand over our fleet of cars. We are certain that the experiences provided by Hyundai cars, which symbolize contemporary design and cutting-edge technology will be appreciated by all. Working to build momentum towards the ICC Women's World Cup India 2013, we are confident that this tournament will be a huge success and wish the very best for all participating teams."
Hyundai Motor Company is the official partner of ICC from 2011 to 2015, with exclusive category rights. HMIL will promote the ICC Women's World Cup India 2013 on social media platforms such as Facebook, Twitter, etc. Through these channels, HMIL will share the World Cup trophy photos, match schedules and highlights in addition to an interactive quiz to engage passionate cricket fans. Hyundai dealers have also planned various additional activities to promote the ICC Women's World Cup India 2013.
About HMIL
Hyundai Motor India Limited (HMIL) is a wholly owned subsidiary of Hyundai Motor Company (HMC). HMIL is the largest passenger car exporter and the second largest car manufacturer in India. It currently markets nine car models across segments - in the A2 segment it has the Eon, Santro, i10 and the i20, in the A3 segment the Accent and the Verna, in the A4 segment the Elantra, in the A5 segment Sonata and in the SUV segment the Santa Fe.
HMIL's fully integrated state-of-the-art manufacturing plant near Chennai boasts advanced production, quality and testing capabilities. HMIL forms a critical part of HMC's global export hub. It currently exports to around 120 countries across EU, Africa, Middle East, Latin America, Australia and the Asia Pacific. HMIL has been India's number one exporter for the past eight years consecutively. To support its growth and expansion plans, HMIL currently has 358 dealers and more than 890 service points across India. In its commitment to provide customers with cutting-edge global technology, HMIL set up a modern multi-million dollar R&D facility in Hyderabad. The R&D center endeavors to be a center of excellence in automobile engineering.
Corporate website: www.hyundai.co.in
To view the photograph, please click on teh link given below:
Mr. Nalin Kapoor, Senior General Manager & Group Head Marketing HMIL, handing over the keys of Hyundai fleet of cars to Mr. Suru Nayak, ICC Women's World Cup India 2013, Tournament Director at Brabourne Stadium in Mumbai. In the center Mr. Sanju S Kothari Joint Honorary Treasurer The CCI Ltd.
For picture(s)/data to illustrate this release click below:
http://www.BusinessWireIndia.com/attachments/IMG_1(89).jpg
IMG_1(89).jpg
CONTACT DETAILS
Ravi Sharma, Hyundai Motor India Ltd., +91 9873136644, ravisharma@hmil.net
V Anand, Hyundai Motor India Ltd., +91 9810758141, anandv@hmil.net
Monish Mazumdar, IPAN H+K Strategies, +91 9810542491, mmazumdar@ipanhillandknowlton.com
Sukriti Kalra, IPAN H+K Strategies, +91 9910393262, sukriti.kalra@hkstrategies.com
KEYWORDS
ENTERTAINMENT, PEOPLE, AUTOMOTIVE, BUSINESS SERVICES, MEDIA, SPORTS, 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.
Submit your press release at http://www.businesswireindia.com
BWI: Club Méditerranée Announces a New Worldwide Repositioning Brand Campaign
Press release from Business Wire India
Source: Club Med
Thursday, January 31, 2013 04:48 PM IST (11:18 AM GMT)
Editors: General: Consumer interest, Entertainment, Lifestyle, People; Business: Advertising, PR & marketing, Business services, Hospitality, Media & entertainment
--------------------------------------------------
Club Méditerranée Announces a New Worldwide Repositioning Brand Campaign
Revamp of the 10th largest and most successful resort chain in the world
Mumbai, Maharashtra, India, Thursday, January 31, 2013 -- (Business Wire India) -- Aligning the world's famous vacation destination for complete happiness with the unique 'all inclusive concept' Club Med, a French based resort chain announces a complete rebranding that focuses on offering a relevant, modern view of Club Med.
Capitalizing on the expertise of the Saatchi & Saatchi + Duke agency, the rebranding concept involves highlighting sixteen metaphors creative's whose dreamlike dimension harnesses the power of imagination, enabling customers to communicate the intensity of the sensations and emotions. The prime objective to revolutionize is to illustrate the superiority of Club Med through its indisputable strong points: the extraordinary variety of its activities, linked to its all-inclusive concept along with intensifying happiness that each customer can experience in Club Med though universal metaphors.
The rebranding will be announced in Pragelato, Italy and will be revealed across deployed 47 markets and translated into 22 languages. For the launch, Club Med has mixed online and offline media plan for many of their markets which will successfully repositioning on the upscale segment. Leveraging on the 2008 campaign that personified the new upscale positioning of Club Med 2013 campaign will move on to the next stage to exemplify the Club Med spirit.
The new campaign was pre-tested in seven key markets: France, UK, Germany, USA, Brazil, Singapore and China which was conducted by Sorgem in which it achieved four targets developing the brand uniformly on a worldwide scale, because the message is aimed at all audiences and every market, showing Club Med to be an original and creative brand, with a new visual style, installing its premium positioning in a rational and emotional way and finally, putting across the pledge of a Club Med experience that is different and inspirational.
On taking this milestone venture, Mr. Vijay Sharma, Country-Manager of Club Med, India said: "We are in the business of happiness and our service centricity is our uniqueness. This new brand campaign is to highlight this unique proposition of all inclusive holiday where we offer plethora of activities and moments to our guests to redefine their idea of happiness. The aim is also to underline our premium holiday offering in a clutter of variety of other hotel options."
About Club Med:
Designed for happiness and peace of mind, Club Med is a French corporation of beautiful, resorts that free the spirit from the stress and anxiety of city life. These resorts are situated in extremely tranquil, tropical or exotic destinations, and hence make the perfect getaway for families and couples who'd like to relax and enjoy nature. Club Med has 80 premium resorts across the globe; some of the best being the resorts in the Maldives, Thailand, Malaysia, Indonesia and Mauritius. Club Med is the world's 10th largest 'hotel chain' employing over 200,000 staff globally and 2,700 in Asia Pacific alone. Club Med's All-Inclusive resorts are specially crafted to take care of their guest's every need and make holidays hassle free. Not just unlimited food and beverages (alcohol included), the tag covers every aspect of vacation interests. This premium service provides for, excursions, water sports and other activities; leaving guests with no payments to make and thus, completely at ease. Club Med is growing, changing with the times. The juxtaposition of tranquil, exotic locations with top- notch world-class facilities and international service with local experiences makes Club Med a unique and highly desirable holiday option.
For more information, please visit: www.clubmed.co.in.
CONTACT DETAILS
Tejal Daftary, +91 9820404621, tejal@crisscross.in
Anshu Ahuja, +91 9987423546, anshu@crisscross.in
KEYWORDS
CONSUMER, ENTERTAINMENT, LIFESTYLE, PEOPLE, MARKETING, BUSINESS SERVICES, HOSPITALITY, MEDIA
If you wish to change your Business Wire India selection please click on this link http://www.businesswireindia.com/media/news.asp and use your personal username and password to login.
Submit your press release at http://www.businesswireindia.com
Source: Club Med
Thursday, January 31, 2013 04:48 PM IST (11:18 AM GMT)
Editors: General: Consumer interest, Entertainment, Lifestyle, People; Business: Advertising, PR & marketing, Business services, Hospitality, Media & entertainment
--------------------------------------------------
Club Méditerranée Announces a New Worldwide Repositioning Brand Campaign
Revamp of the 10th largest and most successful resort chain in the world
Mumbai, Maharashtra, India, Thursday, January 31, 2013 -- (Business Wire India) -- Aligning the world's famous vacation destination for complete happiness with the unique 'all inclusive concept' Club Med, a French based resort chain announces a complete rebranding that focuses on offering a relevant, modern view of Club Med.
Capitalizing on the expertise of the Saatchi & Saatchi + Duke agency, the rebranding concept involves highlighting sixteen metaphors creative's whose dreamlike dimension harnesses the power of imagination, enabling customers to communicate the intensity of the sensations and emotions. The prime objective to revolutionize is to illustrate the superiority of Club Med through its indisputable strong points: the extraordinary variety of its activities, linked to its all-inclusive concept along with intensifying happiness that each customer can experience in Club Med though universal metaphors.
The rebranding will be announced in Pragelato, Italy and will be revealed across deployed 47 markets and translated into 22 languages. For the launch, Club Med has mixed online and offline media plan for many of their markets which will successfully repositioning on the upscale segment. Leveraging on the 2008 campaign that personified the new upscale positioning of Club Med 2013 campaign will move on to the next stage to exemplify the Club Med spirit.
The new campaign was pre-tested in seven key markets: France, UK, Germany, USA, Brazil, Singapore and China which was conducted by Sorgem in which it achieved four targets developing the brand uniformly on a worldwide scale, because the message is aimed at all audiences and every market, showing Club Med to be an original and creative brand, with a new visual style, installing its premium positioning in a rational and emotional way and finally, putting across the pledge of a Club Med experience that is different and inspirational.
On taking this milestone venture, Mr. Vijay Sharma, Country-Manager of Club Med, India said: "We are in the business of happiness and our service centricity is our uniqueness. This new brand campaign is to highlight this unique proposition of all inclusive holiday where we offer plethora of activities and moments to our guests to redefine their idea of happiness. The aim is also to underline our premium holiday offering in a clutter of variety of other hotel options."
About Club Med:
Designed for happiness and peace of mind, Club Med is a French corporation of beautiful, resorts that free the spirit from the stress and anxiety of city life. These resorts are situated in extremely tranquil, tropical or exotic destinations, and hence make the perfect getaway for families and couples who'd like to relax and enjoy nature. Club Med has 80 premium resorts across the globe; some of the best being the resorts in the Maldives, Thailand, Malaysia, Indonesia and Mauritius. Club Med is the world's 10th largest 'hotel chain' employing over 200,000 staff globally and 2,700 in Asia Pacific alone. Club Med's All-Inclusive resorts are specially crafted to take care of their guest's every need and make holidays hassle free. Not just unlimited food and beverages (alcohol included), the tag covers every aspect of vacation interests. This premium service provides for, excursions, water sports and other activities; leaving guests with no payments to make and thus, completely at ease. Club Med is growing, changing with the times. The juxtaposition of tranquil, exotic locations with top- notch world-class facilities and international service with local experiences makes Club Med a unique and highly desirable holiday option.
For more information, please visit: www.clubmed.co.in.
CONTACT DETAILS
Tejal Daftary, +91 9820404621, tejal@crisscross.in
Anshu Ahuja, +91 9987423546, anshu@crisscross.in
KEYWORDS
CONSUMER, ENTERTAINMENT, LIFESTYLE, PEOPLE, MARKETING, BUSINESS SERVICES, HOSPITALITY, 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: CarWale Opens Voting for 2013-Edition of its Awards
Press release from Business Wire India
Source: CarWale
Thursday, January 31, 2013 03:00 PM IST (09:30 AM GMT)
Editors: General: Consumer interest, Entertainment, People; Business: Advertising, PR & marketing, Automotives, Business services, Information technology, Major diversified industrial groups, Media & entertainment, Retailers; Technology; Automotive
--------------------------------------------------
CarWale Opens Voting for 2013-Edition of its Awards
Mumbai, Maharashtra, India, Thursday, January 31, 2013 -- (Business Wire India) -- CarWale, India's leading automotive portal opens online voting for the Auto Bild India and CarWale Awards 2013. Since its first edition in 2008, CarWale Awards has hailed consumer voice as the absolute criterion for deciding the best cars of the Indian Auto Industry. Over the years, its consumer choice Awards have significantly helped consumers in deciding the right car to buy. Embracing its philosophy of Car Buying Simplified, CarWale has yet again revolutionized its Awards.
Winner of IAMAI Best Auto Content Website twice in a row, CarWale takes consumer empowerment into a new territory with this edition of Auto Bild India and CarWale Awards. Not only does the new empirical format, lets consumers rate their cars on multiple parameters but also corrects the biases arising out of the intuitive approach broadly adopted across conventional consumer oriented awards. This sets a level playing field for all the car models in a segment irrespective of its dominance or popularity. Here, only performance, as judged by the consumers, matters.
Announcing the voting open for Auto Bild India and CarWale Awards 2013, Mohit Dubey, co-founder and CEO, CarWale said, "We pioneered consumer focused (auto) awards and I'm glad that we are yet evolving the format to raise the bar. The performance based user rating will judge a particular car all-round. Data and analytics form the basis of this year's Awards, we promise to bring out unbiased user opinion. I invite all the users to avail this opportunity to help the Indian car consumer buy the right car with their ratings."
Banwari Lal Sharma, CarWale's Product & Marketing head said, "We believe consumers are all powerful in making or breaking brands across the world. They who drive the cars, are the right people to rate it across all facets. This has led us to alter this year's (Awards) format to introduce objective evaluation and eliminate bias. A car excellent in design may not equally fair in performance and our Awards accommodate these differences. The cars buyers now have a stronger platform to voice their opinion."
About CarWale
CarWale is owned by Automotive Exchange Private Limited. It is a part of the Axel Springer group (owners of AUTO BILD, the world's largest selling automotive magazine) and the India Today Group (India's largest magazine publisher and owner of the leading Indian news channel AAJ TAK).
CarWale has been recognized by IAMAI as best auto website in India in 2011 and 2012, by Red Herring twice as one of Asia's Top 100 Innovative Technology companies (2007 and 2009) and as one of World's Top 200 Innovative Technology companies (2011). It has also been bestowed awards by Business Week and PC World Magazine for its contribution to the Indian automotive industry.
CONTACT DETAILS
Moupiya Niyogi, CarWale, +91 (22) 67398888, moupiya.niyogi@carwale.com
KEYWORDS
CONSUMER, ENTERTAINMENT, PEOPLE, MARKETING, AUTOMOTIVE, BUSINESS SERVICES, IT, GROUPS, MEDIA, RETAIL, TECHNOLOGY, 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.
Submit your press release at http://www.businesswireindia.com
Source: CarWale
Thursday, January 31, 2013 03:00 PM IST (09:30 AM GMT)
Editors: General: Consumer interest, Entertainment, People; Business: Advertising, PR & marketing, Automotives, Business services, Information technology, Major diversified industrial groups, Media & entertainment, Retailers; Technology; Automotive
--------------------------------------------------
CarWale Opens Voting for 2013-Edition of its Awards
Mumbai, Maharashtra, India, Thursday, January 31, 2013 -- (Business Wire India) -- CarWale, India's leading automotive portal opens online voting for the Auto Bild India and CarWale Awards 2013. Since its first edition in 2008, CarWale Awards has hailed consumer voice as the absolute criterion for deciding the best cars of the Indian Auto Industry. Over the years, its consumer choice Awards have significantly helped consumers in deciding the right car to buy. Embracing its philosophy of Car Buying Simplified, CarWale has yet again revolutionized its Awards.
Winner of IAMAI Best Auto Content Website twice in a row, CarWale takes consumer empowerment into a new territory with this edition of Auto Bild India and CarWale Awards. Not only does the new empirical format, lets consumers rate their cars on multiple parameters but also corrects the biases arising out of the intuitive approach broadly adopted across conventional consumer oriented awards. This sets a level playing field for all the car models in a segment irrespective of its dominance or popularity. Here, only performance, as judged by the consumers, matters.
Announcing the voting open for Auto Bild India and CarWale Awards 2013, Mohit Dubey, co-founder and CEO, CarWale said, "We pioneered consumer focused (auto) awards and I'm glad that we are yet evolving the format to raise the bar. The performance based user rating will judge a particular car all-round. Data and analytics form the basis of this year's Awards, we promise to bring out unbiased user opinion. I invite all the users to avail this opportunity to help the Indian car consumer buy the right car with their ratings."
Banwari Lal Sharma, CarWale's Product & Marketing head said, "We believe consumers are all powerful in making or breaking brands across the world. They who drive the cars, are the right people to rate it across all facets. This has led us to alter this year's (Awards) format to introduce objective evaluation and eliminate bias. A car excellent in design may not equally fair in performance and our Awards accommodate these differences. The cars buyers now have a stronger platform to voice their opinion."
About CarWale
CarWale is owned by Automotive Exchange Private Limited. It is a part of the Axel Springer group (owners of AUTO BILD, the world's largest selling automotive magazine) and the India Today Group (India's largest magazine publisher and owner of the leading Indian news channel AAJ TAK).
CarWale has been recognized by IAMAI as best auto website in India in 2011 and 2012, by Red Herring twice as one of Asia's Top 100 Innovative Technology companies (2007 and 2009) and as one of World's Top 200 Innovative Technology companies (2011). It has also been bestowed awards by Business Week and PC World Magazine for its contribution to the Indian automotive industry.
CONTACT DETAILS
Moupiya Niyogi, CarWale, +91 (22) 67398888, moupiya.niyogi@carwale.com
KEYWORDS
CONSUMER, ENTERTAINMENT, PEOPLE, MARKETING, AUTOMOTIVE, BUSINESS SERVICES, IT, GROUPS, MEDIA, RETAIL, TECHNOLOGY, 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.
Submit your press release at http://www.businesswireindia.com
BWI: JOY Gets a New Address in Raipur
Press release from Business Wire India
Source: BMW India
Thursday, January 31, 2013 03:54 PM IST (10:24 AM GMT)
Editors: General: Consumer interest, Entertainment, Lifestyle, People; Business: Advertising, PR & marketing, Automotives, Business services, Major diversified industrial groups, Media & entertainment, Retailers; Technology; Automotive
--------------------------------------------------
JOY Gets a New Address in Raipur
BMW India unveils the new Munich Motors dealership in Raipur.
Raipur, Chhattisgarh, India, Thursday, January 31, 2013 -- (Business Wire India) -- BMW India announced the opening of a fully integrated dealership of Munich Motors in Raipur.
The new Munich Motors dealership is located at Ring Road No.1, Sarona, Raipur and is headed by Mr. Prashant Mandhan, Managing Director, Munich Motors.
Mr. Philipp von Sahr, President, BMW Group India said, "BMW India is committed towards the development of a BMW dealer network of international standards at all important commercial centers across the country. Having understood its importance as an important regional center, BMW India first established its presence in Raipur in 2011. With the introduction of our new full-fledged 4S facility comprising sales, service, spares and systems, we are happy to strengthen our commitment to customers in the region. Raipur continues to play an important role in BMW's market offensive and with the launch of our new facility, we will continue to set new benchmarks in the premium car market in the region."
"Five years ago, BMW changed the face of Indian luxury car segment and set a decisive course with introduction of world-class premium dealerships that presented an unparalleled experience to the premium clientele. By end of 2014, BMW India will aggressively expand its dealer network by increasing the number of sales outlets to 50 across major metropolitan centers and emerging markets in India from 34 at present." Mr. Philipp von Sahr further added.
Spread over 38000 sq. ft., the new dealership has an ultra-modern showroom integrated with an after-sales service facility featuring service bays and a spare parts inventory.
While the design of the showroom is based on the Urban Street Display concept which is a signature BMW layout, the design of the workshop is based upon Reception at the Car (RATC) with a consultation and service lounge in the after sales area.
The showroom can display 7 cars and the workshop is equipped with 10 service bays that can service up to 40 cars per day.
Mr. Prashant Mandhan, Managing Director, Munich Motors said, "The foundation of our association with BMW India which started in 2011 is based on providing very high standards in sales and service of premium automobiles. As we enter 2013, we are proud to take our relationship with BMW India to the next level with the launch of a new fully integrated facility in Raipur. We are very proud of the growth that we have experienced with BMW India and will always be committed to deliver the best to our premium clientele in Raipur and the region in every possible way."
Launched in 2011, Munich Motors represents BMW in Raipur, Chhattisgarh and Nagpur, Maharashtra. Munich Motors employs close to 30 people who have received intense training in sales, service, spare parts and business systems to ensure customers receive best-in-class pre and post sales ownership experience. A team of sales and service engineers have also been trained at BMW's training centres in Singapore, Malaysia and Germany.
Internet: www.bmw.in.
To view the photographs, please click on the links given below:
Mr. Philipp von Sahr President BMW Group India with Mr. Prashant Mandhan
Mr. Philipp von Sahr President BMW Group India with Mr. Prashant Mandhan...
For picture(s)/data to illustrate this release click below:
http://www.BusinessWireIndia.com/attachments/IMG_1(88).jpg
IMG_1(88).jpg
http://www.BusinessWireIndia.com/attachments/IMG_2(23).jpg
IMG_2(23).jpg
CONTACT DETAILS
Abhay Dange, Director, Press and Corporate Affairs, BMW India, +91 9910481013, Abhay.Dange@bmw.in
Kapil Sharma, Press and Corporate Affairs, BMW India, +91 9717180202, Kapil.Sharma @bmw.in
KEYWORDS
CONSUMER, ENTERTAINMENT, LIFESTYLE, PEOPLE, MARKETING, AUTOMOTIVE, BUSINESS SERVICES, GROUPS, MEDIA, RETAIL, TECHNOLOGY, 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.
Submit your press release at http://www.businesswireindia.com
Source: BMW India
Thursday, January 31, 2013 03:54 PM IST (10:24 AM GMT)
Editors: General: Consumer interest, Entertainment, Lifestyle, People; Business: Advertising, PR & marketing, Automotives, Business services, Major diversified industrial groups, Media & entertainment, Retailers; Technology; Automotive
--------------------------------------------------
JOY Gets a New Address in Raipur
BMW India unveils the new Munich Motors dealership in Raipur.
Raipur, Chhattisgarh, India, Thursday, January 31, 2013 -- (Business Wire India) -- BMW India announced the opening of a fully integrated dealership of Munich Motors in Raipur.
The new Munich Motors dealership is located at Ring Road No.1, Sarona, Raipur and is headed by Mr. Prashant Mandhan, Managing Director, Munich Motors.
Mr. Philipp von Sahr, President, BMW Group India said, "BMW India is committed towards the development of a BMW dealer network of international standards at all important commercial centers across the country. Having understood its importance as an important regional center, BMW India first established its presence in Raipur in 2011. With the introduction of our new full-fledged 4S facility comprising sales, service, spares and systems, we are happy to strengthen our commitment to customers in the region. Raipur continues to play an important role in BMW's market offensive and with the launch of our new facility, we will continue to set new benchmarks in the premium car market in the region."
"Five years ago, BMW changed the face of Indian luxury car segment and set a decisive course with introduction of world-class premium dealerships that presented an unparalleled experience to the premium clientele. By end of 2014, BMW India will aggressively expand its dealer network by increasing the number of sales outlets to 50 across major metropolitan centers and emerging markets in India from 34 at present." Mr. Philipp von Sahr further added.
Spread over 38000 sq. ft., the new dealership has an ultra-modern showroom integrated with an after-sales service facility featuring service bays and a spare parts inventory.
While the design of the showroom is based on the Urban Street Display concept which is a signature BMW layout, the design of the workshop is based upon Reception at the Car (RATC) with a consultation and service lounge in the after sales area.
The showroom can display 7 cars and the workshop is equipped with 10 service bays that can service up to 40 cars per day.
Mr. Prashant Mandhan, Managing Director, Munich Motors said, "The foundation of our association with BMW India which started in 2011 is based on providing very high standards in sales and service of premium automobiles. As we enter 2013, we are proud to take our relationship with BMW India to the next level with the launch of a new fully integrated facility in Raipur. We are very proud of the growth that we have experienced with BMW India and will always be committed to deliver the best to our premium clientele in Raipur and the region in every possible way."
Launched in 2011, Munich Motors represents BMW in Raipur, Chhattisgarh and Nagpur, Maharashtra. Munich Motors employs close to 30 people who have received intense training in sales, service, spare parts and business systems to ensure customers receive best-in-class pre and post sales ownership experience. A team of sales and service engineers have also been trained at BMW's training centres in Singapore, Malaysia and Germany.
Internet: www.bmw.in.
To view the photographs, please click on the links given below:
Mr. Philipp von Sahr President BMW Group India with Mr. Prashant Mandhan
Mr. Philipp von Sahr President BMW Group India with Mr. Prashant Mandhan...
For picture(s)/data to illustrate this release click below:
http://www.BusinessWireIndia.com/attachments/IMG_1(88).jpg
IMG_1(88).jpg
http://www.BusinessWireIndia.com/attachments/IMG_2(23).jpg
IMG_2(23).jpg
CONTACT DETAILS
Abhay Dange, Director, Press and Corporate Affairs, BMW India, +91 9910481013, Abhay.Dange@bmw.in
Kapil Sharma, Press and Corporate Affairs, BMW India, +91 9717180202, Kapil.Sharma @bmw.in
KEYWORDS
CONSUMER, ENTERTAINMENT, LIFESTYLE, PEOPLE, MARKETING, AUTOMOTIVE, BUSINESS SERVICES, GROUPS, MEDIA, RETAIL, TECHNOLOGY, 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.
Submit your press release at http://www.businesswireindia.com
BWI: Infor Announces Inaugural Indian Food and Beverage Seminar
Press release from Business Wire India
Source: Infor
Thursday, January 31, 2013 10:54 AM IST (05:24 AM GMT)
Editors: General: Consumer interest, Food & drink, Lifestyle, People; Business: Business services, Commodities & materials, Information technology; Technology
--------------------------------------------------
Infor Announces Inaugural Indian Food and Beverage Seminar
Events on 6th February in Mumbai and 8th in New Delhi to Focus on Dynamic Domestic Market
Mumbai, Maharashtra, India, Thursday, January 31, 2013 -- (Business Wire India) -- Infor, a leading provider of business application software serving more than 70,000 customers, today announced it will hold InPower, its inaugural food and beverage industry seminar series in Mumbai, India on the 6th February 2013 and in New Delhi on 8th February. Focussing keenly on domestic manufacture and logistics, the seminar will address the key issues facing the industries within the Indian food and beverage market.
News Points
-- The inaugural Infor Indian food and beverage industry seminar will address the main drivers within the food and beverage industry across four categories:
- Discussion of the macro-economic environment will include the pressure created by increasing raw material shortages and rising costs as well as the increasing power of the largest retailers to reduce prices.
- An examination of current regulations will include topics such as carbon emissions, food safety legislation and chemical usage.
- Looking at the changing market dynamics, the seminar will cover the likely consolidation and pressures on cost as the battle for market share is fought.
- A discussion of technology will span traceability, supply chain collaboration and analytics.
-- The event will include a panel discussion from leading industry organisations and also a presentation from Devangshu Dutta, chief executive of Third Eyesight www.thirdeyesight.in, a specialist consulting firm focused on the consumer products and retail sector.
-- Infor has more than 1,500 customers in food and beverage across almost 100 countries, including six of the world's top10 brewers.
-- The events will be held at the Taj Lands End in Mumbai and Le Meridien in New Delhi. Registration can be made here http://www.theyounion.in/infor/fandb/infor-landing-fandb.htm.
Infor quote:
"Changing consumer preferences are forcing manufacturers to innovate and introduce new products throughout the Indian market," said Souma Das, managing director and sales VP, India, Infor. "But amidst this drive to be first to market there are many issues to face. Concerns over product quality, especially in terms of consistency throughout the supply chain and the challenges of an often difficult supply chain infrastructure, top the list.
"This is set against a backdrop of rising raw material and transportation costs, an increasing regulatory burden and one of the most dynamic consolidation periods of recent history. It is amidst this incredible opportunity that we will use our inaugural seminar to show Indian food manufacturers how they can impose control over issues of quality, yet still reduce the time from product development to market launch and adapt to a rapidly changing supply chain situation.
"Our food and beverage applications are built for manufacturing and supply companies that operate in a high volume, fast moving, low margin supply chain. Major retailers are demanding 98 percent or higher service levels to their large distributors; lower prices and compliance with ever stricter quality standards and regulations. Therefore supply chain visibility and speed are critical, which are exactly what Infor applications help deliver."
For more information on the event please contact info.india@info.com.
Additional Resources
Note: registration may be required to access online content
-- Infor Food & Beverage
About Infor
Infor is the third-largest provider of enterprise applications and services, helping 70,000 customers in 194 countries improve operations, drive growth, and quickly adapt to changes in business demands. Infor offers deep industry-specific applications and suites, engineered for speed, using ground-breaking technology that delivers a rich user experience, and flexible deployment options that give customers a choice to run their businesses in the cloud, on-premises, or both. To learn more about Infor, please visit www.infor.com
About Third Eyesight
Third Eyesight's clients include market-leaders and brand-leaders with annual sales of over US$ 80 billion, with whom it works in a variety of strategic and operational areas including market entry and new business start up, product development, sourcing and supply chain, and corporate / M&A strategy. Third Eyesight has consulted to clients in sectors including food & grocery, fashion, home & lifestyle, quick service restaurants, consumer services, information technology and social development.
CONTACT DETAILS
Natasha Bhattacharya, 20:20 MSL, +91 9819088818, natasha.bhattacharya@20:20msl.com
KEYWORDS
CONSUMER, FOOD, LIFESTYLE, PEOPLE, BUSINESS SERVICES, COMMODITIES, 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: Infor
Thursday, January 31, 2013 10:54 AM IST (05:24 AM GMT)
Editors: General: Consumer interest, Food & drink, Lifestyle, People; Business: Business services, Commodities & materials, Information technology; Technology
--------------------------------------------------
Infor Announces Inaugural Indian Food and Beverage Seminar
Events on 6th February in Mumbai and 8th in New Delhi to Focus on Dynamic Domestic Market
Mumbai, Maharashtra, India, Thursday, January 31, 2013 -- (Business Wire India) -- Infor, a leading provider of business application software serving more than 70,000 customers, today announced it will hold InPower, its inaugural food and beverage industry seminar series in Mumbai, India on the 6th February 2013 and in New Delhi on 8th February. Focussing keenly on domestic manufacture and logistics, the seminar will address the key issues facing the industries within the Indian food and beverage market.
News Points
-- The inaugural Infor Indian food and beverage industry seminar will address the main drivers within the food and beverage industry across four categories:
- Discussion of the macro-economic environment will include the pressure created by increasing raw material shortages and rising costs as well as the increasing power of the largest retailers to reduce prices.
- An examination of current regulations will include topics such as carbon emissions, food safety legislation and chemical usage.
- Looking at the changing market dynamics, the seminar will cover the likely consolidation and pressures on cost as the battle for market share is fought.
- A discussion of technology will span traceability, supply chain collaboration and analytics.
-- The event will include a panel discussion from leading industry organisations and also a presentation from Devangshu Dutta, chief executive of Third Eyesight www.thirdeyesight.in, a specialist consulting firm focused on the consumer products and retail sector.
-- Infor has more than 1,500 customers in food and beverage across almost 100 countries, including six of the world's top10 brewers.
-- The events will be held at the Taj Lands End in Mumbai and Le Meridien in New Delhi. Registration can be made here http://www.theyounion.in/infor/fandb/infor-landing-fandb.htm.
Infor quote:
"Changing consumer preferences are forcing manufacturers to innovate and introduce new products throughout the Indian market," said Souma Das, managing director and sales VP, India, Infor. "But amidst this drive to be first to market there are many issues to face. Concerns over product quality, especially in terms of consistency throughout the supply chain and the challenges of an often difficult supply chain infrastructure, top the list.
"This is set against a backdrop of rising raw material and transportation costs, an increasing regulatory burden and one of the most dynamic consolidation periods of recent history. It is amidst this incredible opportunity that we will use our inaugural seminar to show Indian food manufacturers how they can impose control over issues of quality, yet still reduce the time from product development to market launch and adapt to a rapidly changing supply chain situation.
"Our food and beverage applications are built for manufacturing and supply companies that operate in a high volume, fast moving, low margin supply chain. Major retailers are demanding 98 percent or higher service levels to their large distributors; lower prices and compliance with ever stricter quality standards and regulations. Therefore supply chain visibility and speed are critical, which are exactly what Infor applications help deliver."
For more information on the event please contact info.india@info.com.
Additional Resources
Note: registration may be required to access online content
-- Infor Food & Beverage
About Infor
Infor is the third-largest provider of enterprise applications and services, helping 70,000 customers in 194 countries improve operations, drive growth, and quickly adapt to changes in business demands. Infor offers deep industry-specific applications and suites, engineered for speed, using ground-breaking technology that delivers a rich user experience, and flexible deployment options that give customers a choice to run their businesses in the cloud, on-premises, or both. To learn more about Infor, please visit www.infor.com
About Third Eyesight
Third Eyesight's clients include market-leaders and brand-leaders with annual sales of over US$ 80 billion, with whom it works in a variety of strategic and operational areas including market entry and new business start up, product development, sourcing and supply chain, and corporate / M&A strategy. Third Eyesight has consulted to clients in sectors including food & grocery, fashion, home & lifestyle, quick service restaurants, consumer services, information technology and social development.
CONTACT DETAILS
Natasha Bhattacharya, 20:20 MSL, +91 9819088818, natasha.bhattacharya@20:20msl.com
KEYWORDS
CONSUMER, FOOD, LIFESTYLE, PEOPLE, BUSINESS SERVICES, COMMODITIES, TECHNOLOGY
If you wish to change your Business Wire India selection please click on this link http://www.businesswireindia.com/media/news.asp and use your personal username and password to login.
Submit your press release at http://www.businesswireindia.com
Wednesday, January 30, 2013
BWI: The 2nd World Smart Grid Conference Middle East
Press release from Business Wire India
Source: World Smart Grid
Wednesday, January 30, 2013 05:57 PM IST (12:27 PM GMT)
Editors: General: Consumer interest, Entertainment, People; Business: Business services, Information technology, Media & entertainment; Technology
--------------------------------------------------
The 2nd World Smart Grid Conference Middle East
Abu Dhabi, United Arab Emirates, Wednesday, January 30, 2013 -- (Business Wire India) -- Power utilities over the world are at the transition phase and at the strategic crossroad. Customers are looking for more reliable energy supply and depend on high electricity-intensive. With the growth of the advanced technologies like ICT and AMI the industry players are facing intense challenge to cope the growth smart grid. The only solution for that is to modernize their entire system; how to answer these questions about the modernization are still not comprehensible.
As one of the forefront of oil provider and one of the rising economies Middle East region is determined to set the target for establishment of smart grid within coming decade. The region is still trailing several smart technologies and approaches to foster the consumer engagement, the demand management and issues like energy efficiency and energy security. The contest to achieve the renewable power generation is also accelerating in the region, leading the stronger demand for the latest smart grid infrastructures.
According to REN21 (GSR 2010), the MENA region enjoyed a modest increase in renewable energy investment from $2.1 billion to $2.5 billion in 2009. The Arab Electricity Union is anticipating investments of $10-16bn per year into 2020 and even higher in the following decade. It demonstrates that the growth of investment on electricity is to qualify the modernization of power infrastructure in the region.
Still numerous major difficulties have to be solved:
-- Whether the smart grid technologies will be able deliver the repay for both customers and utilities
-- Active participation and awareness among the customers for more energy efficiency
-- Lesson learning from the regional and global utilities' smart grid imaginations and tracks
-- Advanced digitized issued like ICT, AMI and Demand response and their implementation by consumers and utilities
-- Ensuring the new technologies like renewable, micro grid and smart cities/ homes as an opportunities rather than the threats
-- Elasticity of the power utilities to learn from their counterparts by analyzing at improved ways to improve competence and sustainability.
Thereby, this second annual event of SZW group has tried to offer you a comprehensive coverage of the smart grid market with fresh project updates and various case studies. Meanwhile, for those who are keen to ¬find new investment opportunities or strengthen their presence in this market, this 2 day long program will provide plenty of opportunity to meet with your future partners.
The 2nd World Smart Grid Conference Middle East welcomes more than 300 expert delegates from more than 20 countries around the world. The leaders of the world's most innovative initiatives are here to share their vision and experience in order to shape our future. None the less this event will provide you an excellent opportunity to meet your peers and evaluate the latest smart technologies and project experiences, exchange ideas on steps towards the ultimate smart grid and hear how the evolution of smart technologies and smart appliances will have an impact on your business processes and investment strategies.
On behalf of the organizing committee, we would like to invite you and other senior executives to attend the 2nd World Smart Grid Conference Middle East. With your attendance in WSGC Middle East 2013, we believe it will enhance the profile of your firm in smart grid industry and potentially bring more profitable business to your company.
Relevant events:
The 3rd Word Smart Grid Conference China, May. 9th- 10th, 2013, Beijing, China
The 3rd Word Smart Grid Conference India Week, Sep. 10th- 12th, 2013, New Delhi, India
Conference Name: The 2nd World Smart Grid Conference Middle East
Date: April. 22th- 23th, 2013
Location: Abu Dhabi, UAE
Hosting Organization: SZ&W Group
Event Website: http://www.szwgroup.com/SGME2013/
Tel: +86 21 5830 0710
Fax: +86 21 5831 1668
E-mail: info@szwgroup.com
CONTACT DETAILS
June Chiang, Marketing Manager, SZ&W Group, 86 21 5830 0710, junej@szwgroup.com
KEYWORDS
CONSUMER, ENTERTAINMENT, PEOPLE, BUSINESS SERVICES, IT, MEDIA, TECHNOLOGY
If you wish to change your Business Wire India selection please click on this link http://www.businesswireindia.com/media/news.asp and use your personal username and password to login.
Submit your press release at http://www.businesswireindia.com
Source: World Smart Grid
Wednesday, January 30, 2013 05:57 PM IST (12:27 PM GMT)
Editors: General: Consumer interest, Entertainment, People; Business: Business services, Information technology, Media & entertainment; Technology
--------------------------------------------------
The 2nd World Smart Grid Conference Middle East
Abu Dhabi, United Arab Emirates, Wednesday, January 30, 2013 -- (Business Wire India) -- Power utilities over the world are at the transition phase and at the strategic crossroad. Customers are looking for more reliable energy supply and depend on high electricity-intensive. With the growth of the advanced technologies like ICT and AMI the industry players are facing intense challenge to cope the growth smart grid. The only solution for that is to modernize their entire system; how to answer these questions about the modernization are still not comprehensible.
As one of the forefront of oil provider and one of the rising economies Middle East region is determined to set the target for establishment of smart grid within coming decade. The region is still trailing several smart technologies and approaches to foster the consumer engagement, the demand management and issues like energy efficiency and energy security. The contest to achieve the renewable power generation is also accelerating in the region, leading the stronger demand for the latest smart grid infrastructures.
According to REN21 (GSR 2010), the MENA region enjoyed a modest increase in renewable energy investment from $2.1 billion to $2.5 billion in 2009. The Arab Electricity Union is anticipating investments of $10-16bn per year into 2020 and even higher in the following decade. It demonstrates that the growth of investment on electricity is to qualify the modernization of power infrastructure in the region.
Still numerous major difficulties have to be solved:
-- Whether the smart grid technologies will be able deliver the repay for both customers and utilities
-- Active participation and awareness among the customers for more energy efficiency
-- Lesson learning from the regional and global utilities' smart grid imaginations and tracks
-- Advanced digitized issued like ICT, AMI and Demand response and their implementation by consumers and utilities
-- Ensuring the new technologies like renewable, micro grid and smart cities/ homes as an opportunities rather than the threats
-- Elasticity of the power utilities to learn from their counterparts by analyzing at improved ways to improve competence and sustainability.
Thereby, this second annual event of SZW group has tried to offer you a comprehensive coverage of the smart grid market with fresh project updates and various case studies. Meanwhile, for those who are keen to ¬find new investment opportunities or strengthen their presence in this market, this 2 day long program will provide plenty of opportunity to meet with your future partners.
The 2nd World Smart Grid Conference Middle East welcomes more than 300 expert delegates from more than 20 countries around the world. The leaders of the world's most innovative initiatives are here to share their vision and experience in order to shape our future. None the less this event will provide you an excellent opportunity to meet your peers and evaluate the latest smart technologies and project experiences, exchange ideas on steps towards the ultimate smart grid and hear how the evolution of smart technologies and smart appliances will have an impact on your business processes and investment strategies.
On behalf of the organizing committee, we would like to invite you and other senior executives to attend the 2nd World Smart Grid Conference Middle East. With your attendance in WSGC Middle East 2013, we believe it will enhance the profile of your firm in smart grid industry and potentially bring more profitable business to your company.
Relevant events:
The 3rd Word Smart Grid Conference China, May. 9th- 10th, 2013, Beijing, China
The 3rd Word Smart Grid Conference India Week, Sep. 10th- 12th, 2013, New Delhi, India
Conference Name: The 2nd World Smart Grid Conference Middle East
Date: April. 22th- 23th, 2013
Location: Abu Dhabi, UAE
Hosting Organization: SZ&W Group
Event Website: http://www.szwgroup.com/SGME2013/
Tel: +86 21 5830 0710
Fax: +86 21 5831 1668
E-mail: info@szwgroup.com
CONTACT DETAILS
June Chiang, Marketing Manager, SZ&W Group, 86 21 5830 0710, junej@szwgroup.com
KEYWORDS
CONSUMER, ENTERTAINMENT, PEOPLE, BUSINESS SERVICES, IT, MEDIA, TECHNOLOGY
If you wish to change your Business Wire India selection please click on this link http://www.businesswireindia.com/media/news.asp and use your personal username and password to login.
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BWI: The 3rd World Smart Grid Conference China
Press release from Business Wire India
Source: World Smart Grid
Wednesday, January 30, 2013 05:12 PM IST (11:42 AM GMT)
Editors: General: Consumer interest, Entertainment, People; Business: Business services, Information technology, Media & entertainment; Technology
--------------------------------------------------
The 3rd World Smart Grid Conference China
Beijing, China, Wednesday, January 30, 2013 -- (Business Wire India) -- Recently the smart grid is no longer a novel idea. Rather, it is a large global commercial venture that needs to prove its value (in concrete and financial terms) to the full range of stakeholders. As the industry matures, efforts are increasing to evaluate the progress made in reaching the lofty efficiency, cost savings, and optimization goals set forth by utilities, vendors, and consumers.
China is also the largest smart grid player in Asia representing 70% of the Asian smart grid market, offers broadest market opportunities to smart grid players. It is predicted that the volume of smart meters per year is likely to range from 40 to 50 million units over the next 5 years, which also make it the next destination for the smart metering and smart grid industry.
China made a great leap in investing on smart grid in its 12th five year plan as:
-- About 250 billion US$ investment on smart grid within 5 years.
-- China will build 20-30 special smart grid technology demonstration projects, 3-5 smart grid integrated demonstration projects, 5-10 smart grid demonstration cities and 50 smart grid demonstration parks during this period.
-- Introduction of nine key tasks to achieve the smart grid goal
Challenges and opportunities are coaxial. Smart grid China has some major challenges to be tackled, ranging from the level of technology, energy storage technology and complex information processing technology. The few number of demonstration smart grid projects, weak smart grid regulatory and standardization issues are also hindering this industry.
To address these key bottle neck challenges, The 3rd Annual Smart Grid Conference China 2013 will provide a platform by gathering diversified senior expert speakers from more than 20 countries around the world. This conference will demonstrate some of the cutting edge technologies from the latest pioneers of smart grid. WSGC China Week will discuss:
-- Future energy plan focusing on smart grid China
-- Next generation utility business model & implementation
-- Recent issues on smart grid standards
-- Grid Operation & Grid Efficiency
-- Smart concepts: Smart community & smart building
-- AMI and Smart Metering
-- Renewable energy generation, integration & Micro grid
-- ICT, energy storage and EV
This 2 day conference will accommodate more than 300 senior executives from around the world, which will allow you the plenty of time to fulfill the needs of each other. Through well structured topics, panel discussion and comprehensive case study the key questions will be answered with the most innovative ideas and solutions.
On behalf of the organizing committee, we would like to invite you and other senior executives to attend The 3rd World Smart Grid Conference China, which will be held in Beijing, China from May 9th-10th, 2013. With your attendance in 3rd WSGC China, we believe it will enhance the profile of your firm in smart grid industry and potentially bring more profitable business to your company.
Relevant events:
The 2nd World Smart Grid Conference Middle East, April. 22th- 23th, 2013, Abu Dhabi, UAE
The 3rd World Smart Grid Conference India Week, Sep. 10th- 12th, 2013, New Delhi, India
Conference Name: The 3rd World Smart Grid Conference China
Date: May. 9th- 10th, 2013
Location: Beijing, China
Hosting Organization: SZ&W Group
Event Website: http://www.szwgroup.com/SGChina2013/
Tel: +86 21 5830 0710
Fax: +86 21 5831 1668
E-mail: info@szwgroup.com
CONTACT DETAILS
June Chiang, Marketing Manager, SZ&W Group, 86 21 5830 0710, junej@szwgroup.com
KEYWORDS
CONSUMER, ENTERTAINMENT, PEOPLE, BUSINESS SERVICES, IT, MEDIA, TECHNOLOGY
If you wish to change your Business Wire India selection please click on this link http://www.businesswireindia.com/media/news.asp and use your personal username and password to login.
Submit your press release at http://www.businesswireindia.com
Source: World Smart Grid
Wednesday, January 30, 2013 05:12 PM IST (11:42 AM GMT)
Editors: General: Consumer interest, Entertainment, People; Business: Business services, Information technology, Media & entertainment; Technology
--------------------------------------------------
The 3rd World Smart Grid Conference China
Beijing, China, Wednesday, January 30, 2013 -- (Business Wire India) -- Recently the smart grid is no longer a novel idea. Rather, it is a large global commercial venture that needs to prove its value (in concrete and financial terms) to the full range of stakeholders. As the industry matures, efforts are increasing to evaluate the progress made in reaching the lofty efficiency, cost savings, and optimization goals set forth by utilities, vendors, and consumers.
China is also the largest smart grid player in Asia representing 70% of the Asian smart grid market, offers broadest market opportunities to smart grid players. It is predicted that the volume of smart meters per year is likely to range from 40 to 50 million units over the next 5 years, which also make it the next destination for the smart metering and smart grid industry.
China made a great leap in investing on smart grid in its 12th five year plan as:
-- About 250 billion US$ investment on smart grid within 5 years.
-- China will build 20-30 special smart grid technology demonstration projects, 3-5 smart grid integrated demonstration projects, 5-10 smart grid demonstration cities and 50 smart grid demonstration parks during this period.
-- Introduction of nine key tasks to achieve the smart grid goal
Challenges and opportunities are coaxial. Smart grid China has some major challenges to be tackled, ranging from the level of technology, energy storage technology and complex information processing technology. The few number of demonstration smart grid projects, weak smart grid regulatory and standardization issues are also hindering this industry.
To address these key bottle neck challenges, The 3rd Annual Smart Grid Conference China 2013 will provide a platform by gathering diversified senior expert speakers from more than 20 countries around the world. This conference will demonstrate some of the cutting edge technologies from the latest pioneers of smart grid. WSGC China Week will discuss:
-- Future energy plan focusing on smart grid China
-- Next generation utility business model & implementation
-- Recent issues on smart grid standards
-- Grid Operation & Grid Efficiency
-- Smart concepts: Smart community & smart building
-- AMI and Smart Metering
-- Renewable energy generation, integration & Micro grid
-- ICT, energy storage and EV
This 2 day conference will accommodate more than 300 senior executives from around the world, which will allow you the plenty of time to fulfill the needs of each other. Through well structured topics, panel discussion and comprehensive case study the key questions will be answered with the most innovative ideas and solutions.
On behalf of the organizing committee, we would like to invite you and other senior executives to attend The 3rd World Smart Grid Conference China, which will be held in Beijing, China from May 9th-10th, 2013. With your attendance in 3rd WSGC China, we believe it will enhance the profile of your firm in smart grid industry and potentially bring more profitable business to your company.
Relevant events:
The 2nd World Smart Grid Conference Middle East, April. 22th- 23th, 2013, Abu Dhabi, UAE
The 3rd World Smart Grid Conference India Week, Sep. 10th- 12th, 2013, New Delhi, India
Conference Name: The 3rd World Smart Grid Conference China
Date: May. 9th- 10th, 2013
Location: Beijing, China
Hosting Organization: SZ&W Group
Event Website: http://www.szwgroup.com/SGChina2013/
Tel: +86 21 5830 0710
Fax: +86 21 5831 1668
E-mail: info@szwgroup.com
CONTACT DETAILS
June Chiang, Marketing Manager, SZ&W Group, 86 21 5830 0710, junej@szwgroup.com
KEYWORDS
CONSUMER, ENTERTAINMENT, PEOPLE, BUSINESS SERVICES, IT, MEDIA, TECHNOLOGY
If you wish to change your Business Wire India selection please click on this link http://www.businesswireindia.com/media/news.asp and use your personal username and password to login.
Submit your press release at http://www.businesswireindia.com
BWI: ArthaYantra Introduces Tax Planning Advice on Arthos Online Platform
Press release from Business Wire India
Source: ArthaYantra
Wednesday, January 30, 2013 02:37 PM IST (09:07 AM GMT)
Editors: General: Consumer interest, Economy, People; Business: Banking & financial services, Business services, Financial Analyst, Information technology; Technology
--------------------------------------------------
ArthaYantra Introduces Tax Planning Advice on Arthos Online Platform
Mumbai, Maharashtra, India, Wednesday, January 30, 2013 -- (Business Wire India) -- -- Free in Beta phase, Arthos seamlessly integrates tax planning with financial planning
-- Optimizes the tax savings for a salaried employee
-- Auto-calculates the tax liability of an individual and recommends how much and where one needs to invest for tax benefits based on one's overall personal finance picture
ArthaYantra, India's first integrated online personal financial service company, has launched a unique Tax planning feature on its online personal finance platform - Arthos. The new feature integrates tax planning to overall personal financial life of an individual and would be available for free during its beta phase. Arthos addresses the challenges faced by consumers while analyzing the tax component in isolation. These challenges include :
-- Failing to assess the tax saving financial investments based on their merit;
-- Holding financial instruments which do not contribute towards achieving one's future goals; and
-- Failing to assess the liquidity needs in future
Over the years, we have observed that tax planning when done in isolation often negatively impacts the capability of an individual to achieve his/ her goals. Making investments for the sake of tax savings affects the surplus available for goal oriented investments. Generally people tend to either underutilize the tax benefits or overdo the tax saving investments. The new tax feature of Arthos helps salaried employees overcome these shortcomings by:
-- Providing detailed tax assessment
-- Providing actionable advice on the potential tax savings from each section not just 80C
-- Provides a comparison of tax liability and available surplus before and after making tax saving investments
This makes it easy for the users to take a decision on whether to save for tax or not.
Nitin B. Vyakaranam, CEO & Founder ArthaYantra, says : "Right Tax planning is important as it has a huge impact on ones personal financial goals. People often fail to look at tax planning objectively and make fortuitous investments to save tax. This practice often leads to wrong selection of financial instruments and overspending to gain tax incentives. It is also important to decide if tax savings is really required."
The tax planning feature of Arthos uses information from the individual's investments, expenses and income and automatically make a tax assessment. The assessment provides clear and unbiased advice on tax savings to users besides highlighting the implications of tax savings on their entire personal financial life cycle. It also provides a rare seamless integration between tax planning and financial planning which generally lacks in the current tax planning habits of the salaried employees.
Harish Navuluru, Director HR ArthaYantra, adds "Tax planning is a big logistical exercise in every HR department and employees are often mislead about the best tax saving financial instruments for them. Employees wish to know where and how to invest to save tax and Arthos's tax planning feature is a boon for the salaried employees. We see it as a great employee engagement tool."
About ArthaYantra
ArthaYantra is a young and innovative company started by a group of alumni of the Indian School of Business (ISB) Hyderabad. It provides integrated online personal finance services using its unique proprietary framework, Personal Financial Lifecycle Management (PFLM)TM, which helps clients achieve their financial goals. ArthaYantra's vision is to provide independent, high quality, customized financial planning solutions and their efficient execution to individuals. They employ proprietary financial models and enable investments through well balanced passive investment strategies. ArthaYantra's clientele includes individuals from India, US, Europe and Middle East.
Visit www.arthayantra.com.
Specialities: #taxplanning #taxsaving #80C #taxcalculator #ELSS #onlinetaxfiling #ULIP #LIC #taxsavinginsurance #financialplanningsoftware
CONTACT DETAILS
Hari, MSL India, +91 9618883774, hari.prasad@hanmermsl.com
KEYWORDS
CONSUMER, ECONOMY, PEOPLE, BANKING, BUSINESS SERVICES, Financial Analyst, 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: ArthaYantra
Wednesday, January 30, 2013 02:37 PM IST (09:07 AM GMT)
Editors: General: Consumer interest, Economy, People; Business: Banking & financial services, Business services, Financial Analyst, Information technology; Technology
--------------------------------------------------
ArthaYantra Introduces Tax Planning Advice on Arthos Online Platform
Mumbai, Maharashtra, India, Wednesday, January 30, 2013 -- (Business Wire India) -- -- Free in Beta phase, Arthos seamlessly integrates tax planning with financial planning
-- Optimizes the tax savings for a salaried employee
-- Auto-calculates the tax liability of an individual and recommends how much and where one needs to invest for tax benefits based on one's overall personal finance picture
ArthaYantra, India's first integrated online personal financial service company, has launched a unique Tax planning feature on its online personal finance platform - Arthos. The new feature integrates tax planning to overall personal financial life of an individual and would be available for free during its beta phase. Arthos addresses the challenges faced by consumers while analyzing the tax component in isolation. These challenges include :
-- Failing to assess the tax saving financial investments based on their merit;
-- Holding financial instruments which do not contribute towards achieving one's future goals; and
-- Failing to assess the liquidity needs in future
Over the years, we have observed that tax planning when done in isolation often negatively impacts the capability of an individual to achieve his/ her goals. Making investments for the sake of tax savings affects the surplus available for goal oriented investments. Generally people tend to either underutilize the tax benefits or overdo the tax saving investments. The new tax feature of Arthos helps salaried employees overcome these shortcomings by:
-- Providing detailed tax assessment
-- Providing actionable advice on the potential tax savings from each section not just 80C
-- Provides a comparison of tax liability and available surplus before and after making tax saving investments
This makes it easy for the users to take a decision on whether to save for tax or not.
Nitin B. Vyakaranam, CEO & Founder ArthaYantra, says : "Right Tax planning is important as it has a huge impact on ones personal financial goals. People often fail to look at tax planning objectively and make fortuitous investments to save tax. This practice often leads to wrong selection of financial instruments and overspending to gain tax incentives. It is also important to decide if tax savings is really required."
The tax planning feature of Arthos uses information from the individual's investments, expenses and income and automatically make a tax assessment. The assessment provides clear and unbiased advice on tax savings to users besides highlighting the implications of tax savings on their entire personal financial life cycle. It also provides a rare seamless integration between tax planning and financial planning which generally lacks in the current tax planning habits of the salaried employees.
Harish Navuluru, Director HR ArthaYantra, adds "Tax planning is a big logistical exercise in every HR department and employees are often mislead about the best tax saving financial instruments for them. Employees wish to know where and how to invest to save tax and Arthos's tax planning feature is a boon for the salaried employees. We see it as a great employee engagement tool."
About ArthaYantra
ArthaYantra is a young and innovative company started by a group of alumni of the Indian School of Business (ISB) Hyderabad. It provides integrated online personal finance services using its unique proprietary framework, Personal Financial Lifecycle Management (PFLM)TM, which helps clients achieve their financial goals. ArthaYantra's vision is to provide independent, high quality, customized financial planning solutions and their efficient execution to individuals. They employ proprietary financial models and enable investments through well balanced passive investment strategies. ArthaYantra's clientele includes individuals from India, US, Europe and Middle East.
Visit www.arthayantra.com.
Specialities: #taxplanning #taxsaving #80C #taxcalculator #ELSS #onlinetaxfiling #ULIP #LIC #taxsavinginsurance #financialplanningsoftware
CONTACT DETAILS
Hari, MSL India, +91 9618883774, hari.prasad@hanmermsl.com
KEYWORDS
CONSUMER, ECONOMY, PEOPLE, BANKING, BUSINESS SERVICES, Financial Analyst, 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: International Footwear and Apparel Brand ‘Timberland’ Now Available on Myntra.com
Press release from Business Wire India
Source: Myntra
Wednesday, January 30, 2013 02:55 PM IST (09:25 AM GMT)
Editors: General: Consumer interest, Lifestyle, People; Business: Advertising, PR & marketing, Business services, Clothing & accessories, Information technology, Media & entertainment, Retailers; Technology
--------------------------------------------------
International Footwear and Apparel Brand 'Timberland' Now Available on Myntra.com
Bangalore, Karnataka, India, Wednesday, January 30, 2013 -- (Business Wire India) -- Myntra.com, India's leading e-commerce platform for fashion and lifestyle products with over 500 brands has now added the largest online collection of the iconic international footwear and apparel brand 'Timberland' to its portal.
Timberland, the world's leading outdoor lifestyle brand entered the Indian market by partnering with Reliance Brands through a license cum distribution agreement in September 2010. Timberland's dedication in making high quality outdoor gear and their commitment to "doing well and doing good" for the environment has made them a preferred choice with the adventure seeking, outdoor loving, environmentally conscious Indian shopper.
Myntra.com has the largest online selection of footwear, apparel and accessories from Timberland in India, giving shoppers close to 200 styles to choose from. The product range includes footwear- casual and semi formal shoes and floaters for men and women, apparel such as casual t-shirts, shirts and sweatshirts for men and several accessories. The products are priced at INR 1590 onwards.
With Myntra.com's wide reach, Timberland hopes to tap into the discerning consumers seeking stylish and sustainable products that Timberland is synonymous with. This association will help both Myntra.com and Timberland cater to the ever growing appetite of the adventure seeking outdoor enthusiast.
You can shop for Timberland products on Myntra.com here www.myntra.com/timberland
About Myntra.com:
Myntra.com is among the leading e-commerce platforms in India for fashion and lifestyle products. Myntra has tied up with over 500 leading fashion and lifestyle brands in the country such as Nike, Adidas, Puma, Lee, Levis, Wrangler, Arrow, Jealous 21, Fabindia, US Polo, UCB and the likes to offer a wide range in latest branded fashion and lifestyle wear. With the largest in-season product catalogue, 100% authentic products, cash on delivery and 30 day return policy, Myntra.com is today the preferred shopping destination in India.
About Timberland:
Timberland, a wholly owned subsidiary of VF Corporation, is a global leader in the design, engineering and marketing of premium-quality footwear, apparel and accessories for consumers who value the outdoors and their time in it. Timberland markets products under the Timberland®, Timberland PRO®, Mountain Athletics®, and Timberland Boot Company® brands, all of which offer quality workmanship and detailing and are built to withstand the elements of nature. The company's products can be found in leading department and specialty stores as well as Timberland® retail stores throughout North America, Europe, Asia, Latin America, South America, South Africa and the Middle East. Timberland's dedication to making quality products is matched by the company's commitment to "doing well and doing good" -- forging powerful partnerships among employees, consumers and service partners to transform the communities in which they live and work. To learn more about Timberland, please visit www.timberland.com.
To view the photograph, please click on the link given below:
Timberland now available on Myntra.com
For picture(s)/data to illustrate this release click below:
http://www.BusinessWireIndia.com/attachments/timberland.jpg
Timberland now available on Myntra.com
CONTACT DETAILS
Suruchi Jajoo, Myntra.com, +91 9739388168, suruchi.jajoo@myntra.com
KEYWORDS
CONSUMER, LIFESTYLE, PEOPLE, MARKETING, BUSINESS SERVICES, CLOTHING, IT, MEDIA, RETAIL, TECHNOLOGY
If you wish to change your Business Wire India selection please click on this link http://www.businesswireindia.com/media/news.asp and use your personal username and password to login.
Submit your press release at http://www.businesswireindia.com
Source: Myntra
Wednesday, January 30, 2013 02:55 PM IST (09:25 AM GMT)
Editors: General: Consumer interest, Lifestyle, People; Business: Advertising, PR & marketing, Business services, Clothing & accessories, Information technology, Media & entertainment, Retailers; Technology
--------------------------------------------------
International Footwear and Apparel Brand 'Timberland' Now Available on Myntra.com
Bangalore, Karnataka, India, Wednesday, January 30, 2013 -- (Business Wire India) -- Myntra.com, India's leading e-commerce platform for fashion and lifestyle products with over 500 brands has now added the largest online collection of the iconic international footwear and apparel brand 'Timberland' to its portal.
Timberland, the world's leading outdoor lifestyle brand entered the Indian market by partnering with Reliance Brands through a license cum distribution agreement in September 2010. Timberland's dedication in making high quality outdoor gear and their commitment to "doing well and doing good" for the environment has made them a preferred choice with the adventure seeking, outdoor loving, environmentally conscious Indian shopper.
Myntra.com has the largest online selection of footwear, apparel and accessories from Timberland in India, giving shoppers close to 200 styles to choose from. The product range includes footwear- casual and semi formal shoes and floaters for men and women, apparel such as casual t-shirts, shirts and sweatshirts for men and several accessories. The products are priced at INR 1590 onwards.
With Myntra.com's wide reach, Timberland hopes to tap into the discerning consumers seeking stylish and sustainable products that Timberland is synonymous with. This association will help both Myntra.com and Timberland cater to the ever growing appetite of the adventure seeking outdoor enthusiast.
You can shop for Timberland products on Myntra.com here www.myntra.com/timberland
About Myntra.com:
Myntra.com is among the leading e-commerce platforms in India for fashion and lifestyle products. Myntra has tied up with over 500 leading fashion and lifestyle brands in the country such as Nike, Adidas, Puma, Lee, Levis, Wrangler, Arrow, Jealous 21, Fabindia, US Polo, UCB and the likes to offer a wide range in latest branded fashion and lifestyle wear. With the largest in-season product catalogue, 100% authentic products, cash on delivery and 30 day return policy, Myntra.com is today the preferred shopping destination in India.
About Timberland:
Timberland, a wholly owned subsidiary of VF Corporation, is a global leader in the design, engineering and marketing of premium-quality footwear, apparel and accessories for consumers who value the outdoors and their time in it. Timberland markets products under the Timberland®, Timberland PRO®, Mountain Athletics®, and Timberland Boot Company® brands, all of which offer quality workmanship and detailing and are built to withstand the elements of nature. The company's products can be found in leading department and specialty stores as well as Timberland® retail stores throughout North America, Europe, Asia, Latin America, South America, South Africa and the Middle East. Timberland's dedication to making quality products is matched by the company's commitment to "doing well and doing good" -- forging powerful partnerships among employees, consumers and service partners to transform the communities in which they live and work. To learn more about Timberland, please visit www.timberland.com.
To view the photograph, please click on the link given below:
Timberland now available on Myntra.com
For picture(s)/data to illustrate this release click below:
http://www.BusinessWireIndia.com/attachments/timberland.jpg
Timberland now available on Myntra.com
CONTACT DETAILS
Suruchi Jajoo, Myntra.com, +91 9739388168, suruchi.jajoo@myntra.com
KEYWORDS
CONSUMER, LIFESTYLE, PEOPLE, MARKETING, BUSINESS SERVICES, CLOTHING, IT, MEDIA, RETAIL, TECHNOLOGY
If you wish to change your Business Wire India selection please click on this link http://www.businesswireindia.com/media/news.asp and use your personal username and password to login.
Submit your press release at http://www.businesswireindia.com
BWI: Microsoft Launches Office 365 for Consumers
Press release from Business Wire India
Source: Microsoft
Wednesday, January 30, 2013 01:33 PM IST (08:03 AM GMT)
Editors: General: Consumer interest, Entertainment, People; Business: Business services, Information technology, Media & entertainment; Technology
--------------------------------------------------
Microsoft Launches Office 365 for Consumers
Families subscribing to Office 365 Home Premium can now enjoy the great solution across five PCs/Macs plus five mobile devices
New Delhi, Delhi, India, Wednesday, January 30, 2013 -- (Business Wire India) -- Today, Microsoft Corporation announced the availability of Office 365 for consumers, a reinvention of the company's flagship Office product line. Families can now subscribe to Office 365 Home Premium, which includes the latest and most complete set of Office applications; works across five PCs/Macs plus five mobile devices; and comes with extra SkyDrive storage.
"This isn't just another version of Office. This is Office reinvented as a consumer cloud service," said Steve Ballmer, CEO, Microsoft Corp. "Together with Windows 8 and Windows Phone 8, Office 365 gives you the freedom to do things when and how you want."
Microsoft also announced it will now deliver many new features and services to the cloud first, transforming the company's traditional three-year release cycle. Now, new features and services stream to subscribers as soon as they're ready, eliminating the hassles of upgrading and keeping subscribers always up-to-date.
"This is a major leap forward," said Ramkumar Pichai, GM - Microsoft Office Division, Microsoft India. "It's a service designed to help you manage the tasks of your work and home life, wherever you are, whenever you need, online or offline. Also, it's a perfect fit for busy families and individuals who can connect multiple devices with a single subscription."
Office 365 Home Premium will be available for purchase in India at an annual subscription of INR 4,199/-. Simultaneously, Microsoft also announced in India the availability of the updated FPP version of its traditional Office suite for consumers - Office Home and Student 2013.
Time to Do the Things You Want
In a recent global survey, nearly 60% of people said they don't have the time to do the things they want to do, and more than 80% said they could save one or more hours a day if they were better organized. Office 365 Home Premium is designed to help people be more productive from anywhere and find the flexibility to do the things they want.
"Between kids and career, I am never completely at home or completely at work - and thanks to technology, that suits me just fine," said Dr. Navita Singh, a well-known Dentist from North Delhi. "With Office 365 Home Premium, I can work around my kids' schedules, coordinate household shopping, and still meet my deadlines at the clinic. And, with one subscription for everyone in my family, it's an absolute steal."
To help people find more time to do the things they want, Microsoft is introducing Time to 365 (www.office.com/timeto365), a new crowd-sourced web site where people can find and share tips, tricks, ideas and inspiration from around the world. Tips on the site include, for example, an idea for organizing your grocery list with OneNote on your phone, a pointer on how to pick the right sized TV for your living room and ways to use Office applications to help plan a child's birthday party. While at the site, people can also enter to win prizes, including a free annual subscription to Office 365 Home Premium.
About Office 365 Home Premium
Office 365 Home Premium is an ideal cloud service designed for busy households and it is now available in 162 markets in 21 languages:
-- The latest and most complete set of Office applications - Word, Excel, PowerPoint, OneNote, Outlook, Publisher and Access
-- One license for the entire household - use Office across five PCs/Macs plus five mobile devices, and get Office on Demand from any Internet-connected PC
-- An additional 20 GB of SkyDrive cloud storage - 3x the amount available with a free SkyDrive account
-- All future upgrades - always use the latest time-saving technology
People can learn more about Office 365 Home Premium or try it free for 30 days at www.office.com.
About Microsoft
Founded in 1975, Microsoft (NASDAQ "MSFT") is the worldwide leader in software for personal and business computing. The company offers a wide range of products and services designed to empower people through great software - any time, any place and on any device. Microsoft Corporation (India) Private Ltd is a subsidiary of Microsoft Corporation, USA. It has had a presence in India since 1990 and currently has offices in nine cities - Ahmedabad, Bangalore, Chennai, Hyderabad, Kochi, Kolkata, Mumbai, New Delhi and Pune.
CONTACT DETAILS
Tushar Makkar, Microsoft, tmakkar@microsoft.com
Sayan Banerjee, IPAN Hill+Knowlton Strategies, +91 9717085553, sayan.banerjee@hkstrategies.com
Akanksha Mathur, IPAN Hill+Knowlton Strategies, +91 9560069397, akanksha.mathur@hkstrategies.com
KEYWORDS
CONSUMER, ENTERTAINMENT, PEOPLE, BUSINESS SERVICES, IT, MEDIA, TECHNOLOGY
If you wish to change your Business Wire India selection please click on this link http://www.businesswireindia.com/media/news.asp and use your personal username and password to login.
Submit your press release at http://www.businesswireindia.com
Source: Microsoft
Wednesday, January 30, 2013 01:33 PM IST (08:03 AM GMT)
Editors: General: Consumer interest, Entertainment, People; Business: Business services, Information technology, Media & entertainment; Technology
--------------------------------------------------
Microsoft Launches Office 365 for Consumers
Families subscribing to Office 365 Home Premium can now enjoy the great solution across five PCs/Macs plus five mobile devices
New Delhi, Delhi, India, Wednesday, January 30, 2013 -- (Business Wire India) -- Today, Microsoft Corporation announced the availability of Office 365 for consumers, a reinvention of the company's flagship Office product line. Families can now subscribe to Office 365 Home Premium, which includes the latest and most complete set of Office applications; works across five PCs/Macs plus five mobile devices; and comes with extra SkyDrive storage.
"This isn't just another version of Office. This is Office reinvented as a consumer cloud service," said Steve Ballmer, CEO, Microsoft Corp. "Together with Windows 8 and Windows Phone 8, Office 365 gives you the freedom to do things when and how you want."
Microsoft also announced it will now deliver many new features and services to the cloud first, transforming the company's traditional three-year release cycle. Now, new features and services stream to subscribers as soon as they're ready, eliminating the hassles of upgrading and keeping subscribers always up-to-date.
"This is a major leap forward," said Ramkumar Pichai, GM - Microsoft Office Division, Microsoft India. "It's a service designed to help you manage the tasks of your work and home life, wherever you are, whenever you need, online or offline. Also, it's a perfect fit for busy families and individuals who can connect multiple devices with a single subscription."
Office 365 Home Premium will be available for purchase in India at an annual subscription of INR 4,199/-. Simultaneously, Microsoft also announced in India the availability of the updated FPP version of its traditional Office suite for consumers - Office Home and Student 2013.
Time to Do the Things You Want
In a recent global survey, nearly 60% of people said they don't have the time to do the things they want to do, and more than 80% said they could save one or more hours a day if they were better organized. Office 365 Home Premium is designed to help people be more productive from anywhere and find the flexibility to do the things they want.
"Between kids and career, I am never completely at home or completely at work - and thanks to technology, that suits me just fine," said Dr. Navita Singh, a well-known Dentist from North Delhi. "With Office 365 Home Premium, I can work around my kids' schedules, coordinate household shopping, and still meet my deadlines at the clinic. And, with one subscription for everyone in my family, it's an absolute steal."
To help people find more time to do the things they want, Microsoft is introducing Time to 365 (www.office.com/timeto365), a new crowd-sourced web site where people can find and share tips, tricks, ideas and inspiration from around the world. Tips on the site include, for example, an idea for organizing your grocery list with OneNote on your phone, a pointer on how to pick the right sized TV for your living room and ways to use Office applications to help plan a child's birthday party. While at the site, people can also enter to win prizes, including a free annual subscription to Office 365 Home Premium.
About Office 365 Home Premium
Office 365 Home Premium is an ideal cloud service designed for busy households and it is now available in 162 markets in 21 languages:
-- The latest and most complete set of Office applications - Word, Excel, PowerPoint, OneNote, Outlook, Publisher and Access
-- One license for the entire household - use Office across five PCs/Macs plus five mobile devices, and get Office on Demand from any Internet-connected PC
-- An additional 20 GB of SkyDrive cloud storage - 3x the amount available with a free SkyDrive account
-- All future upgrades - always use the latest time-saving technology
People can learn more about Office 365 Home Premium or try it free for 30 days at www.office.com.
About Microsoft
Founded in 1975, Microsoft (NASDAQ "MSFT") is the worldwide leader in software for personal and business computing. The company offers a wide range of products and services designed to empower people through great software - any time, any place and on any device. Microsoft Corporation (India) Private Ltd is a subsidiary of Microsoft Corporation, USA. It has had a presence in India since 1990 and currently has offices in nine cities - Ahmedabad, Bangalore, Chennai, Hyderabad, Kochi, Kolkata, Mumbai, New Delhi and Pune.
CONTACT DETAILS
Tushar Makkar, Microsoft, tmakkar@microsoft.com
Sayan Banerjee, IPAN Hill+Knowlton Strategies, +91 9717085553, sayan.banerjee@hkstrategies.com
Akanksha Mathur, IPAN Hill+Knowlton Strategies, +91 9560069397, akanksha.mathur@hkstrategies.com
KEYWORDS
CONSUMER, ENTERTAINMENT, PEOPLE, BUSINESS SERVICES, IT, MEDIA, TECHNOLOGY
If you wish to change your Business Wire India selection please click on this link http://www.businesswireindia.com/media/news.asp and use your personal username and password to login.
Submit your press release at http://www.businesswireindia.com
BWI: 3rd Edition Manufacturing IT Summit 2013 - Hosted by Exito
Press release from Business Wire India
Source: Exito Group
Wednesday, January 30, 2013 12:41 PM IST (07:11 AM GMT)
Editors: General: Consumer interest, People; Business: Advertising, PR & marketing, Business services, Information technology, Major diversified industrial groups, Media & entertainment; Technology
--------------------------------------------------
3rd Edition Manufacturing IT Summit 2013 - Hosted by Exito
Bangalore, Karnataka, India, Wednesday, January 30, 2013 -- (Business Wire India) -- Event Organiser : Exito Group
Exito announced today that its 3rd Edition Manufacturing IT Summit would take place on 17th May 2013 in the city of Mumbai. The Summit is aimed at bringing together a forum wherein IT experts from the manufacturing domain can share the top concerns for the year 2013. This is a platform to understand & evaluate the issues & latest trends in the IT domain in India. This edition is followed by last year's successful summit which took place in the month of August 2012. This is a great opportunity to discuss the positive changes, innovations and opportunities as well in the Indian manufacturing industry.
Exito is proud to host the 3rd Edition Manufacturing IT Summit that will play host to 150 of the top IT leaders from the manufacturing domain across India. This one day summit will be attended by CIOs, CTOs, Director IT, President IT, SVP IT, VP IT, GM IT, Head IT, Systems head from the largest manufacturing organisations in India.
The Manufacturing IT Summit 2013 will update you on the most crucial breakthroughs in technology and innovations essential to remaining profitable and globally competitive. The manufacturing industry in India has all the qualities which enhance economic development, increase the productivity of the nation's industrial backbone and face competition from the global markets. It is believed to have the potential of improving the economic condition of India. With its agility and dynamism, the sector has shown admirable innovativeness and adapt ability to survive the recent economic downturn and recession with the intelligent use of IT at operational, tactical and strategic levels. The Summit recognises this fact, and is leveraging on the growth the industry is seeing. If one wants to be in the middle of the dynamic changes, this is the place to network, learn and make informed business decisions for the organisation's future. Stay abreast and ahead of the industry through this knowledge sharing and networking platform that will be an essential step in taking your operations to the next level of quality manufacturing.
Exito is pleased to announce that Base Automation Technology has signed again to partner for the upcoming event Manufacturing IT Summit 2013.
Base Automation Technologies
BASE Automation Technologies P Ltd., An ISO 9001:2008 company, Incorporated in the year 1995 in Chennai India with a primary focus on providing Industrial Automation solutions.
Base presently provide Design Engineering, Manufacturing, Commissioning and extend support services for their Manufacturing IT and engineering solutions, meeting and exceeding customer expectations.
We have our registered office and Factory at Chennai and a satellite sales office at New Delhi and Pune. We have also expanded operations in the middle east and incorporated Base Control Tech FZC with a factory set up at SAIF - ZONE, Sharjah, UAE providing Control system solutions and support services in and around the Gulf region.
End to end Information Technology solutions : Increasing Profitability, Productivity through Efficient control, Monitor and continues improvement !
Our IT solution group provides IT solutions on Electronic Batch reports, Plant floor data connectivity to Enterprise, Track and trace solutions, Error proofed work flow management , Alarm Management systems and supervisory and Control systems etc., We do process study and provide Proof of concept for improving production efficiency, Track and trace and energy management through a portal based online reporting and dashboards.
Electro mechanical turnkey Projects: One Stop solution for Information enabled plant !
We provide end to end solutions for complete Weighing, batching, Material handling and mistake proofing applications to the Tyre & Rubber, Pharma, Food and beverage, Consumer goods, ferroalloy automotive, Auto components and other Industries. We do provide performance optimization solutions, WIP tracking, Enterprise ERP connectivity. Scheduling, Traceability solutions tightly integrated with the plant floor.
Control Automation electrical and instrumentation turnkey projects : Bring great value benefit and optimum total ownership cost through control automation!
We provide Electrical, Instrumentation and Control system solutions right from Design, detail engineering, Manufacturing, commissioning ,Start up services, and best of after sales support to our esteemed customers of Automotive, Auto components, Power, Oil and gas, and Infrastructure industries.
OEM Solutions : Help OEM's to make their solutions faster time to market !
The OEM solution Group work with Major OEM customers for their complete electrical, Instrumentation Control system requirements right from their design stages till commissioning and Start up services. We maintain standard engineering practices adopted by those OEM's and help them completing project by meeting their time lines.
Customer support : We ensure maximum up time of Control systems of our customers !
Our standardized way of Control logic development will enable our customer support engineers to solve issues in the minimum possible time frame . We provide 24X7 support services through our customer service team with an effective CRM cell. The customer support includes remote support, operational and maintenance training, Annual maintenance contract services.
Technical resource deployment : Optimized project time lines and cost through effective outsourcing !
We mould and produce control system Engineers by sharpening their functional and project management skills. We deploy them for the customer who needs skilled manpower for their short term assignments, projects execution, Startup services, commissioning etc
Products and Standard Solutions : Timely supply meeting the need with value added services !
We represent quality brands of products which has synergy to our line of business. This makes standard products available to our customer with faster delivery and quality checked backed up with technical support on selection and performance. We do provide standard product based solutions like VFD with panels, Vibration monitoring systems etc.
Exito's Manufacturing IT Summit facilitates not only improvement but also provides a platform to showcase India's top solution providers, thus securing its rightful place in India & global market.
Meet face-to-face with leading solution providers and senior-level industry peers through a series of formal and informal networking opportunities. Keynote presentation, panel discussion will bring forth some of the hot issues to the table. The Summit will be addressed by IT leaders who would be sharing their knowledge and experience.
There are wide range of areas being discussed ranging from Simplifying & transforming IT Spend, IT Automation, Business intelligence, IT architecture, Big Data, Cloud all the way to creating an enterprise opportunity chain. The event is a combination of key-note addresses and panel discussions - providing ample space for exchange of ideas and give practical examples to help organisations emerge from the current economic situation stronger than ever before.
The one-on-one meetings with leading solution providers will offer a wealth of expertise in cutting-edge technology, strategy and implementation. All this seamlessly integrated with informal networking opportunities, will provide a unique interactive forum. Within the luxurious settings of five star venue, this networking event presents a unique opportunity to network, establish new connections, exchange ideas and gain knowledge from major established and growing industries across India.
Tie in your Participation at the 3rd Edition Manufacturing IT Summit 2013 with a variety of sponsorship packages that you think will help you to enhance your valuable products & a great opportunity to expose you to higher visibility.
Sponsorship is the best way for enhancing your company's image when targeting a unique segment & maximize the value of your investment.
For more information, follow us on http://manufacturingitsummit.com/
About Exito:
Exito is a business solutions company which constructs tailor made solutions and content by designing a platform that would provide new business opportunities and business solutions to our clients. We use the innovative mergence of entertainment and business through research and analysis to create congresses, forums, exhibitions and conferences to inform world markets and be the meeting point for the world's buyers and sellers.
www.exito-e.com
CONTACT DETAILS
Rishikesh Shetty, GM, +91 (80) 42015540, rishi@exito-e.com
KEYWORDS
CONSUMER, PEOPLE, MARKETING, BUSINESS SERVICES, IT, GROUPS, MEDIA, TECHNOLOGY
If you wish to change your Business Wire India selection please click on this link http://www.businesswireindia.com/media/news.asp and use your personal username and password to login.
Submit your press release at http://www.businesswireindia.com
Source: Exito Group
Wednesday, January 30, 2013 12:41 PM IST (07:11 AM GMT)
Editors: General: Consumer interest, People; Business: Advertising, PR & marketing, Business services, Information technology, Major diversified industrial groups, Media & entertainment; Technology
--------------------------------------------------
3rd Edition Manufacturing IT Summit 2013 - Hosted by Exito
Bangalore, Karnataka, India, Wednesday, January 30, 2013 -- (Business Wire India) -- Event Organiser : Exito Group
Exito announced today that its 3rd Edition Manufacturing IT Summit would take place on 17th May 2013 in the city of Mumbai. The Summit is aimed at bringing together a forum wherein IT experts from the manufacturing domain can share the top concerns for the year 2013. This is a platform to understand & evaluate the issues & latest trends in the IT domain in India. This edition is followed by last year's successful summit which took place in the month of August 2012. This is a great opportunity to discuss the positive changes, innovations and opportunities as well in the Indian manufacturing industry.
Exito is proud to host the 3rd Edition Manufacturing IT Summit that will play host to 150 of the top IT leaders from the manufacturing domain across India. This one day summit will be attended by CIOs, CTOs, Director IT, President IT, SVP IT, VP IT, GM IT, Head IT, Systems head from the largest manufacturing organisations in India.
The Manufacturing IT Summit 2013 will update you on the most crucial breakthroughs in technology and innovations essential to remaining profitable and globally competitive. The manufacturing industry in India has all the qualities which enhance economic development, increase the productivity of the nation's industrial backbone and face competition from the global markets. It is believed to have the potential of improving the economic condition of India. With its agility and dynamism, the sector has shown admirable innovativeness and adapt ability to survive the recent economic downturn and recession with the intelligent use of IT at operational, tactical and strategic levels. The Summit recognises this fact, and is leveraging on the growth the industry is seeing. If one wants to be in the middle of the dynamic changes, this is the place to network, learn and make informed business decisions for the organisation's future. Stay abreast and ahead of the industry through this knowledge sharing and networking platform that will be an essential step in taking your operations to the next level of quality manufacturing.
Exito is pleased to announce that Base Automation Technology has signed again to partner for the upcoming event Manufacturing IT Summit 2013.
Base Automation Technologies
BASE Automation Technologies P Ltd., An ISO 9001:2008 company, Incorporated in the year 1995 in Chennai India with a primary focus on providing Industrial Automation solutions.
Base presently provide Design Engineering, Manufacturing, Commissioning and extend support services for their Manufacturing IT and engineering solutions, meeting and exceeding customer expectations.
We have our registered office and Factory at Chennai and a satellite sales office at New Delhi and Pune. We have also expanded operations in the middle east and incorporated Base Control Tech FZC with a factory set up at SAIF - ZONE, Sharjah, UAE providing Control system solutions and support services in and around the Gulf region.
End to end Information Technology solutions : Increasing Profitability, Productivity through Efficient control, Monitor and continues improvement !
Our IT solution group provides IT solutions on Electronic Batch reports, Plant floor data connectivity to Enterprise, Track and trace solutions, Error proofed work flow management , Alarm Management systems and supervisory and Control systems etc., We do process study and provide Proof of concept for improving production efficiency, Track and trace and energy management through a portal based online reporting and dashboards.
Electro mechanical turnkey Projects: One Stop solution for Information enabled plant !
We provide end to end solutions for complete Weighing, batching, Material handling and mistake proofing applications to the Tyre & Rubber, Pharma, Food and beverage, Consumer goods, ferroalloy automotive, Auto components and other Industries. We do provide performance optimization solutions, WIP tracking, Enterprise ERP connectivity. Scheduling, Traceability solutions tightly integrated with the plant floor.
Control Automation electrical and instrumentation turnkey projects : Bring great value benefit and optimum total ownership cost through control automation!
We provide Electrical, Instrumentation and Control system solutions right from Design, detail engineering, Manufacturing, commissioning ,Start up services, and best of after sales support to our esteemed customers of Automotive, Auto components, Power, Oil and gas, and Infrastructure industries.
OEM Solutions : Help OEM's to make their solutions faster time to market !
The OEM solution Group work with Major OEM customers for their complete electrical, Instrumentation Control system requirements right from their design stages till commissioning and Start up services. We maintain standard engineering practices adopted by those OEM's and help them completing project by meeting their time lines.
Customer support : We ensure maximum up time of Control systems of our customers !
Our standardized way of Control logic development will enable our customer support engineers to solve issues in the minimum possible time frame . We provide 24X7 support services through our customer service team with an effective CRM cell. The customer support includes remote support, operational and maintenance training, Annual maintenance contract services.
Technical resource deployment : Optimized project time lines and cost through effective outsourcing !
We mould and produce control system Engineers by sharpening their functional and project management skills. We deploy them for the customer who needs skilled manpower for their short term assignments, projects execution, Startup services, commissioning etc
Products and Standard Solutions : Timely supply meeting the need with value added services !
We represent quality brands of products which has synergy to our line of business. This makes standard products available to our customer with faster delivery and quality checked backed up with technical support on selection and performance. We do provide standard product based solutions like VFD with panels, Vibration monitoring systems etc.
Exito's Manufacturing IT Summit facilitates not only improvement but also provides a platform to showcase India's top solution providers, thus securing its rightful place in India & global market.
Meet face-to-face with leading solution providers and senior-level industry peers through a series of formal and informal networking opportunities. Keynote presentation, panel discussion will bring forth some of the hot issues to the table. The Summit will be addressed by IT leaders who would be sharing their knowledge and experience.
There are wide range of areas being discussed ranging from Simplifying & transforming IT Spend, IT Automation, Business intelligence, IT architecture, Big Data, Cloud all the way to creating an enterprise opportunity chain. The event is a combination of key-note addresses and panel discussions - providing ample space for exchange of ideas and give practical examples to help organisations emerge from the current economic situation stronger than ever before.
The one-on-one meetings with leading solution providers will offer a wealth of expertise in cutting-edge technology, strategy and implementation. All this seamlessly integrated with informal networking opportunities, will provide a unique interactive forum. Within the luxurious settings of five star venue, this networking event presents a unique opportunity to network, establish new connections, exchange ideas and gain knowledge from major established and growing industries across India.
Tie in your Participation at the 3rd Edition Manufacturing IT Summit 2013 with a variety of sponsorship packages that you think will help you to enhance your valuable products & a great opportunity to expose you to higher visibility.
Sponsorship is the best way for enhancing your company's image when targeting a unique segment & maximize the value of your investment.
For more information, follow us on http://manufacturingitsummit.com/
About Exito:
Exito is a business solutions company which constructs tailor made solutions and content by designing a platform that would provide new business opportunities and business solutions to our clients. We use the innovative mergence of entertainment and business through research and analysis to create congresses, forums, exhibitions and conferences to inform world markets and be the meeting point for the world's buyers and sellers.
www.exito-e.com
CONTACT DETAILS
Rishikesh Shetty, GM, +91 (80) 42015540, rishi@exito-e.com
KEYWORDS
CONSUMER, PEOPLE, MARKETING, BUSINESS SERVICES, IT, GROUPS, MEDIA, TECHNOLOGY
If you wish to change your Business Wire India selection please click on this link http://www.businesswireindia.com/media/news.asp and use your personal username and password to login.
Submit your press release at http://www.businesswireindia.com
BWI: Sterlite Industries (India) Limited Unaudited Consolidated Results for the Third Quarter and Nine Months Ended 31 December 2012
Press release from Business Wire India
Source: Business Wire
Wednesday, January 30, 2013 11:52 AM IST (06:22 AM GMT)
Editors: General: Consumer interest, Environment; Business: Mining companies
--------------------------------------------------
(BW)(STERLITE-INDUSTRIES)(SLT)Sterlite Industries (India) Limited Unaudited Consolidated Results for the Third Quarter and Nine Months Ended 31 December 2012
Mumbai, Maharashtra, India, Wednesday, January 30, 2013 -- (Business Wire India) --
CONTACT DETAILS
CONTACTS :
Sterlite Industries (India) Limited
Ashwin Bajaj, +91 22 6646 1531
Senior Vice President - Investor Relations
sterlite.ir@vedanta.co.in
or
Sheetal Khanduja, +91 22 6646 1531
AGM - Investor Relations
sterlite.ir@vedanta.co.in
KEYWORDS
CONSUMER, ENVIRONMENT, MINING
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
Wednesday, January 30, 2013 11:52 AM IST (06:22 AM GMT)
Editors: General: Consumer interest, Environment; Business: Mining companies
--------------------------------------------------
(BW)(STERLITE-INDUSTRIES)(SLT)Sterlite Industries (India) Limited Unaudited Consolidated Results for the Third Quarter and Nine Months Ended 31 December 2012
Mumbai, Maharashtra, India, Wednesday, January 30, 2013 -- (Business Wire India) --
Sterlite Industries (India) Limited ("Sterlite" or the "Company") has announced its results for the Third Quarter (Q3) and Nine Months ended 31 December 2012.
Q3 Highlights
Financials
- Attributable PAT and Earnings per share up 30% at Rs. 1,191 Crore and Rs. 3.5 per share, respectively
- Strong balance sheet with cash and liquid investments of Rs. 23,472 crore
Operations
- Mined metal production up 11% and integrated silver production up 8% at Zinc India
- Next phase of mining growth to 1.2 mtpa of zinc-lead capacity announced at Zinc India
- Strong operational performance at Aluminium smelters, producing above rated capacity
- Vizag Coal Berth obtained provisional Commercial Operations Declaration (COD) and expected to commence operations in the current quarter
Mr. Anil Agarwal, Chairman, Sterlite Industries (India) Ltd. : "Sterlite Industries continues to maintain its strong performance and leadership position. We have substantially improved our efficiencies, operational performance and metal production across businesses. Zinc India is poised for the next phase of growth as we embark on a major exploration drive using best in class technology and global expertise."
| Consolidated Financial Performance | |||||||||||||||||||||
| Q3 | Q2 | Nine months period | |||||||||||||||||||
| Particulars (In Rs. Crore, except as stated) | FY2013 | FY2012 | % | FY2013 | FY2013 | FY2012 | % | ||||||||||||||
| Net Sales/Income from operations | 10,692 | 10,249 | 4 | % | 11,029 | 32,313 | 30,210 | 7 | % | ||||||||||||
| EBITDA | 2,375 | 2,363 | 1 | % | 2,538 | 7,252 | 7,672 | (5 | %) | ||||||||||||
| Interest expense | 227 | 200 | - | 178 | 646 | 602 | - | ||||||||||||||
| Forex (loss)/gain | (63 | ) | (300 | ) | - | 219 | (61 | ) | (489 | ) | - | ||||||||||
| Profit before Depreciation and Taxes | 2,896 | 2,616 | 11 | % | 3,416 | 9,110 | 8,766 | 4 | % | ||||||||||||
| Depreciation | 538 | 461 | - | 522 | 1,578 | 1,327 | - | ||||||||||||||
| Profit before Exceptional items | 2,358 | 2,155 | - | 2,894 | 7,531 | 7,439 | - | ||||||||||||||
| Exceptional Items | - | 6 | - | - | - | 41 | - | ||||||||||||||
| Taxes | 356 | 505 | - | 511 | 1,200 | 1,624 | - | ||||||||||||||
| Profit After Taxes | 2,003 | 1,643 | 22 | % | 2,383 | 6,331 | 5,775 | 10 | % | ||||||||||||
| Minority Interest | 585 | 466 | - | 579 | 1,742 | 1,611 | - | ||||||||||||||
| Share in Profit/(Loss) of Associate | (226 | ) | (264 | ) | - | (61 | ) | (453 | ) | (612 | ) | - | |||||||||
| Attributable PAT after exceptional item | 1,191 | 914 | 30 | % | 1,743 | 4,136 | 3,551 | 16 | % | ||||||||||||
| Basic Earnings per Share (Rs./share) | 3.5 | 2.7 | - | 5.2 | 12.3 | 10.6 | - | ||||||||||||||
| Underlying Earnings per Share*(Rs./share) | 3.7 | 3.6 | - | 4.7 | 12.4 | 12.1 | - | ||||||||||||||
| Exchange rate (Rs./$) - Average | 54.1 | 51.0 | - | 55.2 | 54.5 | 47.2 | - | ||||||||||||||
| Exchange rate (Rs./$) - Closing | 54.8 | 53.3 | - | 52.7 | 54.8 | 53.3 | - | ||||||||||||||
*Before forex and exceptional items
Q3 EBITDA was in line with the corresponding prior quarter at Rs. 2,375 crore, reflecting improved operational efficiencies, marginally higher metal prices and premiums and improved sales realization due to INR depreciation, which were partially offset by lower by-product realizations. Q3 FY2013 EBITDA was lower compared to Q2 FY2013, impacted by lower power sales and lower by-product credits.
Improved operational performance and lower foreign exchange losses at Vedanta Aluminium Limited decreased Sterlite's share of loss of associate by 14% during Q3 compared with the corresponding prior quarter.
Depreciation cost during Q3 was higher compared with the corresponding prior quarter on account of capitalization of new plants at Zinc India and Sterlite Energy Limited.
Interest cost in Q3 FY2013 was higher as compared to the corresponding prior quarter and Q2 FY2013 due to capitalisation of new plants and increased borrowings.
Attributable PAT and Basic EPS were Rs. 1,191 crore and Rs. 3.5 per share for Q3, up 30% and were Rs. 4,136 crore and Rs. 12.3 per share for the nine months period, up 16%.
The company continued to maintain a strong balance sheet with cash and liquid investment of Rs. 23,472 crore as on 31 December 2012.
Merger of Sterlite and Sesa Goa Limited and Vedanta Group Consolidation
The transaction has received approvals of respective companies' equity shareholders, the Stock Exchanges in India and the Competition Commission of India. Approvals of Foreign Investment Promotion Board and the Supreme Court of Mauritius have been received for the merger of Ekaterina Limited with Sesa Goa Limited. The hearings at the High Court of Madras have been completed and the order is awaited. The hearings at the High Court of Bombay at Goa are in progress.
| Zinc - India Business | ||||||||||||||||
| Q3 | Q2 | Nine months period | ||||||||||||||
| Production (in '000 tonnes, or as stated) | FY2013 | FY2012 | % change | FY2013 | FY2013 | FY2012 | % change | |||||||||
| Mined metal content | 233 | 209 | 11 | % | 190 | 610 | 607 | - | ||||||||
| Refined Zinc - Total | 171 | 191 | (10 | %) | 163 | 495 | 569 | (13 | %) | |||||||
| Refined Zinc - Integrated | 168 | 188 | (10 | %) | 153 | 479 | 563 | (15 | %) | |||||||
| Refined Zinc - Custom | 3 | 3 | - | 10 | 17 | 6 | - | |||||||||
| Refined Lead - Total 1 | 32 | 29 | 11 | % | 27 | 90 | 62 | 45 | % | |||||||
| Refined Lead - Integrated | 22 | 25 | (11 | %) | 24 | 75 | 58 | 29 | % | |||||||
| Refined Lead - Custom | 10 | 4 | - | 3 | 15 | 4 | - | |||||||||
| Silver - Total (in tonnes) 2 | 117 | 58 | 103 | % | 92 | 290 | 154 | 89 | % | |||||||
| Silver - Integrated (in tonnes) | 62 | 58 | 8 | % | 80 | 222 | 154 | 44 | % | |||||||
| Silver - Custom (in tonnes) | 55 | - | - | 12 | 68 | - | - | |||||||||
| Financials (In Rs. crore, except as stated) | ||||||||||||||||
| Revenue | 3,117 | 2,726 | 14 | % | 2,746 | 8,504 | 8,070 | 5 | % | |||||||
| EBITDA | 1,484 | 1,380 | 8 | % | 1,408 | 4,241 | 4,359 | (3 | %) | |||||||
| PAT | 1,629 | 1,278 | 27 | % | 1,497 | 4,668 | 4,087 | 14 | % | |||||||
| Zinc CoP without Royalty (Rs./MT) | 44,900 | 40,300 | 11 | % | 46,750 | 45,700 | 39,400 | 16 | % | |||||||
| Zinc CoP without Royalty ($/MT) | 829 | 785 | 6 | % | 844 | 838 | 836 | - | ||||||||
| Zinc CoP with Royalty ($/MT) | 993 | 944 | 5 | % | 999 | 999 | 1,015 | (2 | %) | |||||||
| Zinc LME Price ($/MT) | 1,947 | 1,897 | 3 | % | 1,885 | 1,920 | 2,123 | (10 | %) | |||||||
| Lead LME Price ($/MT) | 2,199 | 1,983 | 11 | % | 1,975 | 2,051 | 2,328 | (12 | %) | |||||||
| Silver LBMA Price ($/oz) | 33 | 32 | 3 | % | 30 | 31 | 36 | (15 | %) | |||||||
| 1. | Includes captive consumption of 1,647 tonnes in Q3 FY2013 vs. 1,730 tonnes in Q3 FY2012, and 4,723 tonnes in nine months period FY2013 vs. 4,469 tonnes in nine months period FY2012. | ||||
| 2. | Includes captive consumption of 8 tonnes in Q3 FY2013 vs. 9 tonnes in Q3 FY2012, and 25 tonnes in nine months period FY2013 vs. 24 tonnes in nine months period FY2012. | ||||
Mined metal production was 11% higher in Q3, as compared with the corresponding prior quarter. Compared to Q2 FY2013 mined metal production was 22% higher in Q3. As guided previously, we expect higher mined metal production during the full year FY2013 as compared with the previous year.
In line with the mine-plan, mined metal production was lower in first half of FY2013 resulting in a lower integrated zinc production in Q3 as compared with the corresponding prior quarter. However, compared to Q2 FY2013, integrated zinc production was 10% higher in Q3, and is expected to increase further in Q4 FY2013.
Integrated lead production was 11% lower in Q3 FY2013. However, total refined lead production was 11% higher.
Integrated silver production was 8% higher in Q3 driven by production ramp-up at SK mine and improved utilisation of lead-silver refining capacities.
EBITDA for Q3 was 8% higher due to higher refined lead and silver volumes, higher metal prices and depreciation of the Indian Rupee, partially offset by lower refined zinc volumes and higher CoP. CoP was higher on account of lower by-product credits and lower volumes, partially offset by operational efficiencies and lower coal prices.
PAT for Q3 was 27% higher compared with the corresponding prior period primarily on account of higher investment income.
The Board of Directors of Hindustan Zinc has approved the next phase of growth. Zinc India has been actively conducting exploration, which increased net Reserve and Resource across all mines to 332.3 mt of ore as at end FY 2012. Based on a long-term evaluation of assets and in consultation with mining experts, Zinc India has finalised plans for the next phase of growth, which will involve sinking of underground shafts and developing underground mines. The plan comprises developing a 3.75 mtpa underground mine at Rampura Agucha and expanding the Sindesar Khurd mine from 2.0 mtpa to 3.75 mtpa, Zawar mines from 1.2 mtpa to 5.0 mtpa, Rajpura Dariba mine from 0.6 mtpa to 1.2 mtpa and Kayad mine from 0.35 mtpa to 1.0 mtpa. It will also involve the opening up of a small new mine at Bamnia Kalan in the Rajpura Dariba belt.
The growth plan will increase mined metal production capacity to 1.2 mtpa Metal in Concentrate (MIC). These mines will be developed using the best-in-class technology and equipment, and in consultation with leading global mine experts, ensuring highest level of productivity. The projects will be completed in six years and the benefit of growth projects will start flowing in from the third year, even as projects will continue till FY2019. Annual capital expenditures for these projects will average US$250 million a year over next six years (totalling approximately Rs. 8,000 Crores).
| Zinc - International Business | ||||||||||||||||
| Q3 | Q2 | Nine months period | ||||||||||||||
| Production (in'000 tonnes, or as stated) | FY2013 | FY2012 | % change | FY2013 | FY2013 | FY2012 | % change | |||||||||
| Refined Zinc - Skorpion | 36 | 34 | 7 | % | 37 | 109 | 109 | - | ||||||||
| Mined metal content- BMM and Lisheen | 68 | 71 | (4 | %) | 77 | 215 | 228 | (6 | %) | |||||||
| Total | 104 | 105 | - | 114 | 324 | 337 | (4 | %) | ||||||||
| Financials (In Rs. Crore, except as stated) | ||||||||||||||||
| Revenue1 | 1,065 | 1,030 | 3 | % | 1,125 | 3,201 | 3,251 | (2 | %) | |||||||
| EBITDA | 439 | 373 | 18 | % | 392 | 1,169 | 1,365 | (14 | %) | |||||||
| PAT | 226 | 235 | (4 | %) | 210 | 627 | 844 | (26 | %) | |||||||
| CoP - ($/MT) | 1,095 | 1,188 | (8 | %) | 1,053 | 1,091 | 1,237 | (12 | %) | |||||||
| Zinc LME Price ($/MT) | 1,947 | 1,897 | 3 | % | 1,885 | 1,920 | 2,123 | (10 | %) | |||||||
| Lead LME Price ($/MT) | 2,199 | 1,983 | 11 | % | 1,975 | 2,051 | 2,328 | (12 | %) | |||||||
| 1. | Includes intercompany sales to Zinc India of Rs. 153 crore in nine months period FY 2012. | ||||
Zinc International delivered a total production of refined zinc and mined zinc-lead metal MIC of 104,000 tonnes in Q3.
EBITDA for Q3 was 18% higher compared with the corresponding prior quarter mainly due to higher zinc and lead LME prices and lower CoP.
| Copper - India / Australia Business | ||||||||||||||||||||
| Q3 | Q2 | Nine Months period | ||||||||||||||||||
| Production (in'000 tonnes, or as stated) | FY2013 | FY2012 | % change | FY2013 | FY2013 | FY2012 | % change | |||||||||||||
| Copper - Mined metal content | 6 | 6 | 8 | % | 6 | 19 | 17 | 11 | % | |||||||||||
| Copper - Cathodes | 92 | 84 | 9 | % | 87 | 267 | 245 | 9 | % | |||||||||||
| Financials (In Rs. crore, except as stated) | ||||||||||||||||||||
| Revenue | 5,164 | 5,130 | 1 | % | 5,417 | 15,882 | 15,068 | 5 | % | |||||||||||
| EBITDA | 234 | 426 | (45 | %) | 342 | 842 | 1,196 | (30 | %) | |||||||||||
| Foreign Exchange gain/(loss) | (92 | ) | (122 | ) | 25 | % | 161 | (151 | ) | (234 | ) | 35 | % | |||||||
| PAT | 147 | 347 | (58 | %) | 475 | 718 | 1,033 | (31 | %) | |||||||||||
| Tc/Rc (US¢/lb) | 12.4 | 15.9 | (22 | %) | 11.3 | 12.0 | 14.3 | (16 | %) | |||||||||||
| Net CoP - cathode (US¢/lb) | 10.8 | 2.4 | - | 7.1 | 7.8 | (1.4 | ) | - | ||||||||||||
| Copper LME Price ($/MT) | 7,909 | 7,489 | 6 | % | 7,706 | 7,827 | 8,531 | (8 | %) | |||||||||||
Copper cathode production was 92,000 tonnes in Q3, 9% higher than the corresponding prior period. Mined metal production at Australia was at 6,000 tonnes in Q3, in-line with the corresponding prior period.
EBITDA for Q3 was 45% lower compared with the corresponding prior quarter on account of lower sulphuric acid realisations, lower contribution from phosphoric acid operations and lower Tc/Rc, partially offset by increase in volumes. Demand for phosphoric acid and sulphuric acid remains low and we anticipate lower acid realisations in the current quarter as well.
The first 80MW unit of the 160MW captive power plant at Tuticorin was commissioned in Q3 and is currently operating at 80% PLF. The second 80MW unit is expected to be synchronized in Q1 FY2014.
| Aluminium Business - BALCO | ||||||||||||||||||
| Q3 | Q2 | Nine months period | ||||||||||||||||
| Production (in'000 tonnes, or as stated) | FY2013 | FY2012 | % change | FY2013 | FY2013 | FY2012 | % change | |||||||||||
| Aluminium | 62 | 63 | - | 63 | 185 | 184 | 1 | % | ||||||||||
| Financials (In Rs. crore, except as stated) | ||||||||||||||||||
| Revenue | 832 | 801 | 4 | % | 859 | 2,472 | 2,243 | 10 | % | |||||||||
| EBITDA | 64 | 36 | 77 | % | 95 | 216 | 305 | (29 | %) | |||||||||
| PAT | (8 | ) | (17 | ) | 52 | % | 32 | 18 | 110 | (84 | %) | |||||||
| CoP ($/MT) | 1,995 | 1,880 | 6 | % | 1,970 | 1,958 | 1,984 | (1 | %) | |||||||||
| CoP (Rs./MT) | 108,000 | 98,200 | 10 | % | 108,800 | 106,800 | 95,400 | 12 | % | |||||||||
| Aluminum LME Price ($/MT) | 1,997 | 2,090 | (4 | %) | 1,918 | 1,964 | 2,360 | (17 | %) | |||||||||
The Korba-II smelter operated above its rated capacity and continues to convert all of its primary metal into value added products.
EBITDA during Q3 was higher compared with the corresponding prior quarter, primarily on account of higher premiums, which more than offset the impact of higher CoP in rupee terms and lower LME prices.
Q3 aluminium CoP was higher as compared with the corresponding prior quarter on account of higher alumina cost and higher coal prices due to tapering of coal linkage.
The first 300MW unit of the BALCO 1,200MW captive power plant is awaiting regulatory approvals. We plan to tap the first metal at the 325 ktpa Korba-III aluminium smelter in Q1 FY2014. The smelter plans to initially draw power from the existing 810 MW power plants.
For the 211 mt coal block at BALCO, we have received the second stage forest clearance during the quarter and expect to commence mining in Q1 FY2014.
| Aluminium Business - Vedanta Aluminium Limited (Associate Company) | |||||||||||||||||||||
| Q3 | Q2 | Nine months period | |||||||||||||||||||
| Production (in'000 tonnes, or as stated) | FY2013 | FY2012 | % change | FY2013 | FY2013 | FY2012 | % change | ||||||||||||||
| Alumina - Lanjigarh | 104 | 236 | (56 | %) | 205 | 527 | 687 | (23 | %) | ||||||||||||
| Aluminum - Jharsuguda | 135 | 111 | 21 | % | 134 | 394 | 314 | 25 | % | ||||||||||||
| Financials (in Rs. crore except as stated) | |||||||||||||||||||||
| Revenue | 1,713 | 1,444 | 19 | % | 1,819 | 5,213 | 4,117 | 27 | % | ||||||||||||
| EBITDA | 248 | 102 | 143 | % | 225 | 736 | 341 | 116 | % | ||||||||||||
| Forex gain/(loss) | (295 | ) | (339 | ) | 13 | % | 280 | (131 | ) | (544 | ) | 76 | % | ||||||||
| PAT | (766 | ) | (893 | ) | 14 | % | (206 | ) | (1,537 | ) | (2,076 | ) | 26 | % | |||||||
| SIIL Share (29.5%) | (226 | ) | (263 | ) | 14 | % | (61 | ) | (453 | ) | (612 | ) | 26 | % | |||||||
| Aluminium CoP ($/MT) | 1,928 | 2,004 | (4 | %) | 1,905 | 1,892 | 2,280 | (17 | %) | ||||||||||||
| Aluminium CoP (Rs./MT) | 104,400 | 103,100 | 1 | % | 105,300 | 103,200 | 107,500 | (4 | %) | ||||||||||||
| Aluminium LME Price ($/MT) | 1,997 | 2,090 | (4 | %) | 1,918 | 1,964 | 2,360 | (17 | %) | ||||||||||||
During the quarter, we temporarily suspended operations at the Lanjigarh alumina refinery due to lower availability of bauxite. VAL is in discussions with the concerned authorities and other stakeholders for sourcing of bauxite from Orissa and other states to restart the refinery operations. We produced 104,000 tonnes of Alumina during the quarter as compared with 236,000 tonnes during the corresponding prior quarter.
The Jharsuguda-I smelter operated above its rated capacity. Aluminium production was 21% higher in Q3 as compared with the corresponding prior period on account of full capacity utilization and higher operational efficiencies.
Q3 Aluminium CoP was stable in rupee terms due to better operational efficiencies, lower power consumption and lower coal cost despite increased cost of alumina. VAL achieved the best quarterly operational efficiency, and CoP remained in the lower half of the global cost curve.
Q3 EBITDA was significantly higher than the corresponding prior quarter, on account of higher production and higher metal premiums. EBITDA margin also improved due to higher conversion of primary metal into value added products. 46% of primary metal was converted to value added products in Q3 compared to 40% last year.
PAT during the quarter improved due to higher EBITDA and lower mark to market loss on foreign currency borrowings as compared to the corresponding prior quarter.
| Status of Investment in Vedanta Aluminium Limited as at 31 December 2012 | ||||||||
| Investment in VAL (Rs. Crore) | Sterlite | Vedanta | External | Total | ||||
| Equity | 563 | 1,391 | - | 1,954 | ||||
| Preference Shares | 3,000 | - | - | 3,000 | ||||
| Quasi Equity / Debt | 8,140 | 853 | 18,210 | 27203 | ||||
| Total Funding | 11,703 | 2,244 | 18,210 | 32,157 | ||||
| Corporate Guarantees | 6,538 | 23,271 | - | 29,809 | ||||
| Power Business | ||||||||||||||
| Q3 | Q2 | Nine months period | ||||||||||||
| Particulars (in million units) | FY2013 | FY2012 | % change | FY2013 | FY2013 | FY2012 | % change | |||||||
| Total Power Sales | 1,916 | 1,997 | (4%) | 2,474 | 6,848 | 5,412 | 27% | |||||||
| SEL 1 | 1,578 | 1,559 | 1% | 1,940 | 5,457 | 3,964 | 38% | |||||||
| Balco 270MW Power Sales | 275 | 382 | (28%) | 346 | 959 | 1,192 | (20%) | |||||||
| HZL Wind Power | 62 | 56 | 12% | 188 | 432 | 256 | 69% | |||||||
| Financials (in Rs. crore except as stated) | ||||||||||||||
| Revenue 2 | 520 | 574 | (9%) | 885 | 2,267 | 1,775 | 28% | |||||||
| EBITDA | 155 | 147 | 5% | 300 | 784 | 447 | 75% | |||||||
| PAT | (28) | 35 | (180%) | 113 | 168 | 108 | 55% | |||||||
| Average Power CoP (Rs./unit) | 2.29 | 2.47 | (7%) | 2.22 | 2.16 | 2.50 | (14%) | |||||||
| Average Power Realization (Rs./unit) | 3.35 | 3.44 | (3%) | 3.45 | 3.42 | 3.60 | (5%) | |||||||
| SEL CoP (Rs./unit) | 2.22 | 2.64 | (16%) | 2.31 | 2.23 | 2.78 | (20%) | |||||||
| SEL realization (Rs./unit) | 3.31 | 3.49 | (5%) | 3.42 | 3.43 | 3.70 | (7%) | |||||||
| 1. | Includes production under trial run of 456 million units in Q3 FY2013 vs. 428 million units in Q3 FY2012, and 795 million units in nine months period FY2013 vs. 717 million units in nine months period FY2012. | ||||
| 2. | Includes intercompany sale of Rs. 4 crore in nine months period FY2012. | ||||
Power sales were at 1,916 million units in Q3, 4% lower than last year. During the quarter, PLF was 31%, considering three commissioned units of the 2,400MW Jharsuguda power plant, constrained by continued evacuation limitations that were imposed after the Northern and Eastern region grid failure in August 2012.
The evacuation capacity has improved with the charging of a shared 1,000MW Raipur-Wardha transmission line in January 2013, and PLFs for the 3 commissioned units are expected to be around 50% in Q4 FY2013. The fourth unit is currently under trial run, and is expected to be stabilised by the end of the current quarter.
Power sales at the Balco 270 MW plant were 28% lower in Q3 due to similar evacuation constraints.
In spite of lower sales realisation, EBITDA for Q3 was marginally higher due to lower power generation cost at SEL.
Work at the Talwandi Sabo power project is progressing well and the first unit is expected to be synchronized in Q2 FY2014.
Port Projects
In October 2010, we had been awarded a 30-year concession to upgrade the coal berth at Vishakhapatnam Port to 10.18mtpa (Coal Berth mechanization project) and operate it. This is being implemented at a total project cost of $150mn through Vizag General Cargo Berth Private Limited (VGCB), a 74:26 joint venture between Sterlite Industries (India) Ltd. and Leighton Welspun Contractors Private Ltd. VGCB has obtained provisional Commercial Operations Declaration and is expected to commence operations in the current quarter.
Cash, Cash Equivalents and Liquid Investment
The company continues to follow a conservative investment policy and invests in high quality debt instruments in the form of mutual funds, bonds and fixed deposits with banks. As at 31 December 2012, the company has cash, cash equivalents and liquid investments of Rs. 23,472 crore, out of which Rs. 13,302 crore was invested in debt mutual funds and bonds, and Rs. 10,170 crore was in fixed deposits and bank balances.
Note: Figures in previous periods have been regrouped or restated, wherever necessary to make them comparable to current period.
| For further information, please contact: | ||
| Ashwin Bajaj | ||
| Senior Vice President - Investor Relations | Tel: +91 22 6646 1531 | |
| Sheetal Khanduja | ||
| AGM - Investor Relations | Tel: +91 22 6646 1531 | |
About Sterlite Industries
Sterlite Industries (India) Limited is India's largest diversified metals and mining company. The company produces aluminium, Copper, zinc, lead, silver, and commercial energy and has operations in India, Australia, Namibia, South Africa and Ireland. The company has a strong organic growth pipeline of projects. Sterlite Industries is listed on the Bombay Stock Exchange and National Stock Exchange in India and the New York Stock Exchange in the United States. For more information, please visit www.sterlite-industries.com.
Disclaimer
This press release contains "forward-looking statements" - that is, statements related to future, not past, events. In this context, forward-looking statements often address our expected future business and financial performance, and often contain words such as "expects," "anticipates," "intends," "plans," "believes," "seeks," "should" or "will." Forward-looking statements by their nature address matters that are, to different degrees, uncertain. For us, uncertainties arise from the behaviour of financial and metals markets including the London Metal Exchange, fluctuations in interest and or exchange rates and metal prices; from future integration of acquired businesses; and from numerous other matters of national, regional and global scale, including those of a political, economic, business, competitive or regulatory nature. These uncertainties may cause our actual future results to be materially different that those expressed in our forward-looking statements. We do not undertake to update our forward-looking statements.
Regd. Office: SIPCOT Industrial Complex, Madurai Bypass Road, TV Puram P.O., Tuticorin-628002, Tamil Nadu
CONTACT DETAILS
CONTACTS :
Sterlite Industries (India) Limited
Ashwin Bajaj, +91 22 6646 1531
Senior Vice President - Investor Relations
sterlite.ir@vedanta.co.in
or
Sheetal Khanduja, +91 22 6646 1531
AGM - Investor Relations
sterlite.ir@vedanta.co.in
KEYWORDS
CONSUMER, ENVIRONMENT, MINING
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