Saturday, April 27, 2013

BWI: Polaris’ Revenues Register Growth of 13%

Press release from Business Wire India
Source: Polaris Financial Technology Ltd.
Saturday, April 27, 2013 06:30 PM IST (01:00 PM GMT)
Editors: General: Economy; Business: Banking & financial services, Business services, Financial Analyst, Stock exchanges; Technology
Polaris' Revenues Register Growth of 13%

Chennai, Tamil Nadu, India, Saturday, April 27, 2013 -- (Business Wire India) -- Board recommends a 100% Dividend for FY13

Polaris Financial Technology Ltd, a leader in products, solutions and services that enable unprecedented operational productivity for the global Financial Services industry,today announced its fourth quarter and annual results for FY 12-13.

Key Performance Metrics

For the year ended 31st March, 2013:

-- Revenues grew by 13% Y-o-Y to Rs. 2308 crore from Rs. 2049 crore. In USD terms, revenues remained flat at $426 Mn

-- Operating Profit (EBITDA) stood at Rs. 424 crore registering 7% growth Y-o-Y

-- Profit after Tax (PAT) for the year ended 31st March 2013 stood at Rs. 201 crore as compared to Rs. 220 crore last year

-- Cash and cash equivalents stood at Rs. 490 crore as of 31st March 2013 as compared to Rs. 390 crore on 31st March 2012

-- EPS for the year stood at Rs. 20.19

*AS30 adjustments are done to neutralise the Forex impact of hedging on the top line. Polaris has an adverse impact of Rs. 49.70 Cr in FY 2012-13

For the quarter ended 31st March, 2013:

-- Quarter revenues stood at Rs. 555 crore registering 7% Y-o-Y growth

-- EBITDA stood at Rs. 93 crore registering 3% Y-o-Y growth

-- PAT for the quarter grew by 8% Q-o-Q to Rs. 44 crore

*AS30 adjustments are done to neutralise the Forex impact of hedging on the top line. Polaris has an adverse impact of Rs. 11.89 Cr in Q4

Management Statement

Arun Jain, Founder, Chairman & CEO, Polaris Financial Technology Limited said, "The year has been quite a challenging one as we have had to face Vendor consolidation in engagements that are purely focused on cost rationalisation. On the other hand, we have had some exciting wins in the 'Value-build' engagements. Given that these two situations offset each other to some extent, we have not been able to grow as aggressively as we had planned."

Govind Singhal, President & COO, Polaris Financial Technology Limited said, "We launched the world's first Design Center FT 8012 dedicated to Financial technology in March. This center is being envisaged as the hub of technology modernisation initiatives for Banks & Financial Institutions. The Center offers technologies that will define the way the world banks in the next few years. The Center has begun to garner the attention of the CIO fraternity with its signature design workshops and customised research wings for banks embarking on modernisation initiatives."

Natarajan Narayanasamy, Group CFO, Polaris Financial Technology Limited said, "Our growth engines have now reached critical mass and the next phase of our journey would see sharper focus on leveraging the potential of these engines by tapping the right investment levers. The business has been able to generate and grow cash reserves from Rs. 390 crore to Rs. 490 crore."

The Board of Directors have recommended to the shareholders a Final Dividend of 100%
(Rs. 5/- per equity share) for the Financial Year ended on 31st March, 2013.

Mr. V Balaraman has been inducted as an Additional Director to the Board, effective 27th April, 2013.

Financial Results for the Fourth Quarter Ended March 31, 2013

Business Highlights for Quarter ended 31st March, 2013

1. Polaris launched 8012 FT Design Center, the world's first Design Center dedicated to Financial Technology. Spread over 30,000 sq.feet, the Center is a veritable treasure house of intellectual property, collaborative tools, methodologies and frameworks that can accelerate modernization initiatives and at the same time, reduce the complexity in implementing such critical initiatives.

2. Polaris launched a Research, Innovation and Development Centre (RIDC) in Belfast, UK. This dedicated near-shore RIDC enables Polaris to strengthen its leadership position by supporting transformational outsourcing programs for its strategic customers in Europe.

3. Polaris expanded its presence to New Zealand by opening its new sales office in Wellington.

4. Polaris signed a definitive agreement with US based Numerix, a leading provider of cross-asset analytics for derivatives valuation and risk management. The partnership will strengthen Polaris' Intellect® Risk and Treasury product with Numerix risk analytics for Basel regulatory compliance.

FT Sourcing (Services)

Polaris' FT Sourcing revenues touched Rs. 438 crore for the quarter, contributing 79% of overall revenues. Quarter revenues of Polaris FT Sourcing were well distributed across all key business geographies with the Americas contributing 53%, Europe 21%, India 9% and Rest of the World 17%. The quarter saw six significant deals in the FT Sourcing space. Some of the significant deals include:

-- Polaris signed up Master Services Agreement with one of the foremost commercial banks in Western New York state

-- One of UK's largest banking groups chose Polaris as its preferred partner for its transformational initiatives, validating the company's vertical practice competencies

-- A leading provider of fraud prevention and intelligent transaction handling solutions, serving online payment service providers, e-commerce, banks, issuers, processors, merchant acquirers, ISOs and payment networks globally, chose Polaris for its Authentic & Fractals Product Testing services

-- A primary manufacturer and supplier of personal care and home care products in Japan chose Polaris to manage their entire IT Infrastructure, along with a dedicated help-desk providing bilingual voice support through an onsite/offshore model

-- One of the oldest institutions in Hong Kong chose Polaris' Enterprise Content Management practice for redefining customer experience

FT Intellect(Products)

Polaris' Intellect revenues stood at Rs. 117 crore for the quarter, contributing 21% of overall revenues. Quarter Revenues were well distributed across all key geographies with the Americas contributing 17%, Europe 23%, India 21% and Rest of the World 39%. The quarter saw eleven wins for Polaris FT Intellect products. Some of the significant deals include:

-- A leading Canadian based global financial institution, providing a full range of financial products to individual, small business, commercial, corporate and institutional clients in Canada and around the world, chose Polaris' Intellect® CBX to enhance their Wholesale Banking Division

-- One of the most important domestic banks in the United Arab Emirates chose Polaris' Intellect® Retail CBX to provide rich customer experience

-- One of the oldest and leading private sector banks in India, with $7 billion assets and over 700 branches chose Polaris' Intellect® Treasury Management System (ITMS) covering Domestic and Forex treasury functions across front, middle and back office with a single database and balance sheet

-- A major universal banking institution in Ghana and the most diversified financial institution providing services such as Commercial Banking, Investment Banking, Mortgage Banking and Micro Finance, chose Polaris' Intellect® Loan Origination System to reduce data entry and enable faster credit decision making

-- One of the top four banks in Japan offering a broad range of financial services including banking, securities, trust and asset management, credit card, private banking and venture capital through its group companies, selected Polaris' Intellect Loan Services Hub to implement in China. It has, more importantly, set the precedent of Polaris being the first Indian product vendor for its requirements.

Awards and Recognitions

Polaris has consistently been recognized and awarded by analysts and other industry influencers. Some of the recognitions received in the last quarter were:

-- Polaris' Intellect® was featured as a 'Global Player' and as the only 'Global Pursuer' for all Global and New Deals in the Forrester report titled 'Global Banking Platform Deals 2012'

-- Polaris' Intellect® CBS was given the 'Vendor To Watch' award by Aite. Aite, in its report stated that, "Polaris remains one of the youngest and newest global players from a total core deployment standpoint, its scalability has been proven by large deal sizes, and its strengthening brand makes it a vendor to keep an eye on over the coming months."

-- Ovum's Decision Matrix report for Common Retail Loan Origination Platform featured Polaris' Intellect® Origination among 'Global 8 Retail Loan Origination Platforms'. The report stated: "Polaris' Intellect Origination is a solid solution with deployments in several geographies, with Polaris mainly concentrating on emerging markets. The solution can definitely be explored by any lenders looking for a common retail loan origination platform, especially for lenders that already use Intellect Global Universal Banking - a core banking/lending processing solution from Polaris."

-- Polaris Enterprise Solution Limited (PESL), a leading technology provider in diverse industry segments and a wholly owned subsidiary of Polaris Financial Technology Ltd won the 'EPoS (Electronic Point of Sale) Initiative of the Year' award for its next generation retail management solution, iRetail

-- Polaris' social initiative, Ullas Trust won the 'Special Award for Corporate Citizenship' as part of the Mother Teresa Award for Corporate Citizenship, for the year 2012 instituted by Loyola College of Business Administration (LIBA)

Investor Conference Call

The Board of Directors of Polaris Financial Technology Limited met on 27th April 2013, to take on record the financial results of the company for the Fourth quarter & Year ended March 31, 2013.

Polaris Financial Technology Ltd will host an Investors Conference Call on 29th April 2013, where the Senior Management of Polaris will comment on the company's performance during the Fourth quarter & Year ended March 31, 2013 and respond to the questions from participants. The conference call will take place at 14:30 Hrs IST on Monday, 29th April, 2013.

The dial-in numbers to join the conference call:

Conference Name : Polaris Investor Earnings call for Q4 & FY 2012-13
Date : 29th April, 2013
Time : 14:30 HRS IST
Conference ID : 42817719
MUMBAI : Primary Access Toll Number : 02230360400
BANGALORE : Primary Access Toll Number : 08030360400
DELHI : Primary Access Toll Number : 01130360400
CHENNAI : Primary Access Toll Number : 04430360400
INDIA : Primary Access Toll free Number : 186030131313
HONK KONG : Primary Access Toll free Number : 800901420
SINGAPORE : Primary Access Toll free Number : 8001011906
US and Canada : Primary Access Toll free Number : 18663944523
UK : Primary Access Toll free Number : 08081681758
International Dial in Number : +61 281990299
REPLAY : [29th April 2013 to 1st May 2013]
Replay ID/Conference # : 42817719
Primary Access Number : 02230360400

About Polaris Financial Technology Ltd

Polaris Financial Technology Limited is a global leader in Financial Technology for Banking, Insurance and other Financial Services. With over 25 years of expertise in building a comprehensive portfolio of products, smart legacy modernization services and consulting, Polaris owns the largest set of Intellectual Properties for a comprehensive product suite, Intellect® Global Universal Banking (GUB) M180. Intellect® is the world's first pure play Service Oriented Architecture (SOA) based application suite for Retail, Corporate, Investment banking and Insurance. Its acclaimed products, solutions and services enable unprecedented operational productivity for the global Financial Services Industry by Building, Maintaining, Expanding and Extending highly complex and Integrated Financial Technology Infrastructure.

This makes Polaris the chosen partner for 9 of the top 10 global banks and 7 of the top 10 global insurance companies. The company has a global presence through its 40 relationship offices across 30 countries, 6 international development centers and 8 fully owned Business Solution centers. Polaris has a talent strength of over 13,000 solution architects, domain and technology experts. For more information, please visit

For picture(s)/data to illustrate this release click below:

Nachu Nagappan, Media Relations, Polaris Financial Technology Ltd., +91 8939619676,
G. Sunanthy Devi, Investor Relations, Polaris Financial Technology Ltd, +91 8939933564,


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BWI: For the First Time in India, Launches an Exam-ECG for NEET and CET 2013 Students

Press release from Business Wire India
Saturday, April 27, 2013 12:32 PM IST (07:02 AM GMT)
Editors: General: Consumer interest, People; Business: Business services, Education & training, Information technology; Technology
For the First Time in India, Launches an Exam-ECG for NEET and CET 2013 Students

Hyderabad, Andhra Pradesh, India, Saturday, April 27, 2013 -- (Business Wire India) --
-- Exam ECG, an innovative online tool modelled after the ECG, helps students to rapidly identify their weaknesses, structure last minute preparation and improve their scores.

-- Exam ECG could help students prevent up 10 -15% loss of marks in NEET, EAMCET and MT- CET, which could translate in to a better rank.

-- A few days to a month before the NEET, EAMCET and MT-CET is a crucial time for students to simulate their exam performance and take corrective action.

Students appearing for the engineering and medical entrance examinations now have a new way of finding out their weaknesses in preparation and answering technique, just take an Exam ECG. Introduced for the first time in India by, the online diagnostic tool evaluates a student's performance on several important parameters that are thought to limit the scores of even well prepared students.

To score well in NEET and CET, it's not just enough to study for long hours. Students need to constantly watch out for mark traps and intelligently structure their final revision and answering technique. With several lakh students competing for a few thousand seats, examinations like the EAMCET, NEET, MT CET are highly competitive and every mark matters in securing a good rank.

Exam ECG helps students minimize mark loss and helps to improve scores in a 3 step process. The first step evaluates students in a simulated EAMCET exam, then several sophisticated analyses are carried out and an easy to understand graphical representation of the student's performance is generated. Areas of concern and potential improvement can be clearly identified allowing the student to work on improving them before the actual exam.

A chapter wise performance analysis helps students identify the chapters where they are losing the most marks and time. This will help students structure their revision in the last few weeks before the entrance examination. Exam ECG is a much needed complement to the subject knowledge that students gain through colleges and tutorials.

"Every student should take an Exam ECG at least once before their exam" says Dr. CK Reddy, a medical graduate, who participated in the field tests of Exam ECG." The insights that an Exam ECG offers are difficult to obtain otherwise and too precious to miss" he quipped.

Students and parents can have a sneak preview and register for the Exam ECG at

About Exam ECG:

Exam ECG is an IT enabled application, built on the basis of over 2 years of research on the best practices for MCQ based exam preparation and answering. It uses multiple software platforms for creating a simulated examination setting, performance analysis and graphical representation. Exam ECG is subject and geography neutral, meaning that it could be used for any multiple choice type examination anywhere in the world. A slightly modified and customized version will be released for educational institutes and online education websites in May 2013. For further information about Exam ECG, please visit is a leading online education portal for students appearing for engineering and medical entrance examination. CET Practice is built to work as an effective compliment to the learning a student acquires from his teachers in college and tuitions as well as his self study. uses the power of technology to help students plan better, learn faster, retain longer and score higher. The team behind CET Practice comprises of academics with years of experience in preparing students for competitive examinations. They are ably complemented by IT professionals, Engineers and Doctors.

Amita Shah,,
Kiran Kumar,,


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Friday, April 26, 2013

BWI: Triumph India Launches its Glam New Collections Shape Sensation and Colour Chic

Press release from Business Wire India
Source: Triumph
Friday, April 26, 2013 04:31 PM IST (11:01 AM GMT)
Editors: General: Consumer interest, Fashion, Lifestyle, People; Business: Advertising, PR & marketing, Clothing & accessories, Commodities & materials, Household & personal care products & services, Media & entertainment, Retailers
Triumph India Launches its Glam New Collections Shape Sensation and Colour Chic

Mumbai, Maharashtra, India, Friday, April 26, 2013 -- (Business Wire India) -- Shape Sensation & Colour Chic

Triumph India has recently launched its exclusive new Collections - Shape Sensation & Colour Chic at Hyatt Regency. For over one-and-a quarter centuries, Triumph has been tailoring women's confidence and teaching them to be proud of their natural curves. Taking it a step further and creating magic with shapes Triumph gives you another successful launch.


Achieving smooth, taut and toned curves gets simpler and easy with the ever magical Triumph's futuristic Shape Sensation Collection; a new genre in a glamorous, highly efficient, firming body wear that transforms your profile instantly. It is undoubtedly the hottest new innovation in shape wear. Smoothing, shaping and toning benefits combine to give a curvaceous body and a new kind of liberation for women. Shape Sensation effortlessly transforms body contours so women can feel more confident in whatever they choose to wear.

As every figure is unique, the Shape Sensation Collection comes in a range of modern designs and cuts, to work its magic where needed most. It comes in a variety of multiple pieces that improve the appearance of outer garments and instantly creates a slimming effect, so your new figure is achieved within seconds. These pieces are made from ultra-lightweight, two-way stretch LYCRA® beauty fabric that deliver high performance in shaping and defining, as well as adding a sensual dimension to what you're wearing.

Experience the seamless perfection of Shape Sensation and let its magic work for you too.


Bring colours alive with Triumph's striking new Colour Chic T-Shirt Bra that is funky and versatile with a vibrant burst of colours that inspire new confidence in women who like to wear it their way! Perfectly concealed under even the closest-fit fabrics and with a natural comfort fit, this T-Shirt Bra is the latest comfort sensation from Triumph, a company that loves making women look and feel good both inside and out.

In seam-free designs the Colour Chic T-Shirt Bra is made from lightweight, stretchy Sensitive Fabric which enforces Triumph's commitment of saving One Square Meter of rainforest for every One Meter of fabric used. The stunning mix & match pieces provides the best fit and support, as well as a head-turning smooth appearance that makes women feel fabulous in any garment they adorn.

Triumph's adorable new Colour Chic T-shirt Bra - Style it, Flaunt it, Work it anyway you like!

Triumph India is available at Mumbai, Hyderabad, Ahmedabad, Ludhiana, Chennai and leading retail outlets across India such as Shoppers Stop.


About Triumph International

Triumph International is one of the world's largest intimate apparel companies. It enjoys a presence in over 120 countries with the core brands Triumph, Sloggi, Valisère, and HOM. Internationally, Triumph serves 40,000 wholesale customers and sells its products in over 2,000 Triumph Stores. With Swiss Beldona and Chilean Coty's, the company operates two successful multi brand retail concepts. Triumph employs more than 36,000 people and achieved revenues of 2.0 billion Swiss Franks in 2011.

Drawing on its renowned expertise in the design and manufacture of supreme underwear, the brand has earned the global reputation in the lingerie field as the benchmark for quality and perfect fit. Moreover, Triumph is the only European brand that produces intimate apparel specifically designed and tailored to suit Asian women.

To view the photographs, please click on the links given below:

Triumph 1
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Triumph 1.JPG
Triumph 1

Nawzer Kerawala, Synergy Public Relations,


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BWI: Greater Manchester Police Signs Multi-million Pound Contract with Steria to Digitise Interview Recordings

Press release from Business Wire India
Source: Steria
Friday, April 26, 2013 03:39 PM IST (10:09 AM GMT)
Editors: General: People; Business: Business services, Defence & security, Information technology; Technology
Greater Manchester Police Signs Multi-million Pound Contract with Steria to Digitise Interview Recordings

Noida, Uttar Pradesh, India, Friday, April 26, 2013 -- (Business Wire India) --
In summary: Greater Manchester Police has selected Steria fora £3 million (?3.5 million) digital interview recording managed services deal. Part of a wider framework deal worth up to £13m (?15m), the contract will transform the way that interviews are being processed and accessible everywhere by officers, saving valuable time spent on management and administration in addition to considerable cost and efficiency savings.

Today Steria, a leading provider of IT-enabled business services,announces the signing of a five year contract with Greater Manchester Police for a digital interview recording managed service. The £3 million (? 3.5 million) agreement will help reduce the large quantity of physical tape recordings built up by the force and will result in considerable cost and efficiency savings. The agreement forms part of a wider framework, potentially worth up to £13 million (?15 million),from which forces around the country can buy directly.

Historically, forces have used compact cassettes to record interviews. Greater Manchester Police has around one million tape recordings currently in storage. These recordings require constant management and administration, draining valuable resources which could be better utilised elsewhere.

Under the agreement with Steria, Greater Manchester Police will have equipment installed in custody, voluntary attendance and witness interview rooms, enabling the digital recording of all evidence provided by witnesses and suspects. Portable and handheld recorders will also be provided to support the recording of statements outside of the Greater Manchester Police premises. The digital recordings will be stored in a central repository, allowing officers to access content from wherever they are based in the region. This new functionality will significantly reduce time wasted by officers who currently have to travel to hear recordings taken elsewhere. Legal representatives and other authorised parties will also have access to recordings via a secure portal, reducing costs further by removing the need to issue interviews on physical media.

Under the agreement, Steria will provide Digital Interview Recording as a managed service to Greater Manchester Police, taking responsibility for the design, build and operation of a robust, high availability networked system, as well as overall project and service management. Steria will work alongside Reliance High Tech, who is responsible for the design and installation of the interview room equipment as well as Indico Systems, providers of the system that manages the recordings. The partnership will ensure that Greater Manchester Police has access to reliable, state of the art technology to meet its ongoing interview needs whilst benefiting from cost and efficiency savings.

John Torrie, CEO, Steria UK commented: "We are excited to be working with Greater Manchester Police to digitise all its future interview recordings; helping modernise the force. With budgets under increasing pressure, forces have to examine every area of their operations in order to identify efficiency savings and the recording of interviews is no exception. As a result of this contract Greater Manchester Police will see considerable benefits in this area for years to come."

Chief Superintendent Mary Doyle at Greater Manchester Police commented: "The agreement with Steria, Reliance High Tech and Indico will ensure that our officers can continue to follow best practice in gathering evidence through interviews. The agreement will remove our dependence on obsolete tape technology and provide us with higher quality, more reliable interview recording technology, adhering to Police and Criminal Evidence Act 1984 (PACE) and Achieving Best Evidence guidance. This will maintain and improve the quality of evidence provided to courts whilst costs are saved through the replacement of physical media. Delivered by Steria and its partners, this service is an important step in the continued modernisation of Greater Manchester Police."

About Steria:

Steria delivers IT enabled business services and is the Trusted Transformation Partner for private and public sector organisations across the globe. By combining in depth understanding of our clients' businesses with expertise in IT and business process outsourcing, we take on our clients' challenges and develop innovative solutions to address them efficiently and profitably. Through our highly collaborative consulting style, we work with our clients to transform their business, enabling them to focus on what they do best. Our 20,000 people, working across 16 countries, support the systems, services and processes that make today's world turn, touching the lives of millions around the globe each day. Founded in 1969, Steria has offices in Europe, India, North Africa and SE Asia and a 2012 revenue of ?1.83 billion. Over 20 %(*) of Steria's capital is owned by its employees. Headquartered in Paris, Steria is listed on the Euronext Paris market.

(*): including "SET Trust" and "XEBT Trust" (4.15% of capital)

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Sachdev Ramakrishna, Director Marketing, Steria India Limited, +91 9871715438,


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BWI: Biocon Delivers a Strong Performance of 18% Revenue Growth in FY13 Driven by an Evolving Product Portfolio and Research Services

Press release from Business Wire India
Source: Biocon Limited
Friday, April 26, 2013 01:15 PM IST (07:45 AM GMT)
Editors: General: Consumer interest, Economy, People; Business: Business services, Healthcare, biotechnology & pharmaceutical, Major diversified industrial groups, Stock exchanges; Technology; Healthcare
Biocon Delivers a Strong Performance of 18% Revenue Growth in FY13 Driven by an Evolving Product Portfolio and Research Services

Bengaluru, Karnataka, India, Friday, April 26, 2013 -- (Business Wire India) -- Board recommends a dividend of Rs 5/share (100%) and a Special Dividend of Rs 2.50/share (50%) following the re-licensing of insulin analogs portfolio

Revenues at Rs 2,538 Crores; EBITDA at Rs 596 Crores; PAT at Rs 509 Crores

Commenting on the results, Chairman and Managing Director, Kiran Mazumdar-Shaw stated, "We are pleased to close fiscal 2013 on a very strong note. The key contributors to growth this fiscal have been Research Services, Branded Formulations and our growing biosimilar business, led by generic Insulins. Biocon's Insulin franchise continues to garner market share across India & emerging markets and now accounts for more than 10% of our sales. This quarter saw us enhance our partnership with Mylan through the re-licensing of our portfolio of generic insulin analogs. The partnership with Mylan endorses the intrinsic value of this asset and significantly reduces our burden of development costs involved in global commercialization. Looking ahead, we intend to sustain our growth momentum by optimizing our small molecules portfolio, further expanding our insulin footprint in emerging markets, and continuing to deliver robust growth in Branded Formulations and Research Services. I am also pleased to state that the Board has recommended a Dividend payout of Rs 5/share (100%) and a Special Dividend of Rs 2.50/share (50%) pursuant to the re-licensing of our insulin analogs portfolio, as our on-going commitment to building incremental shareholder value."


-- Revenue growth in FY13 reflects the growing play in Emerging Markets:
- Biopharma Business: 10% YoY to Rs 1,523 Crores
- Branded Formulations: 34% YoY to Rs 347 Crores
- Research Services (Syngene and Clinigene): 36% YoY to Rs 557 Crores

-- For FY13, the Group EBITDA and PAT margins at 23% and 20% respectively

-- Mylan expands the scope of partnership to incorporate generic insulin analogs. Biocon received US$ 20 million as an upfront, for further development

-- Global Phase III trial for Biosimilar Trastuzumab gains momentum in Europe

-- Dan Bradbury, former CEO of Amylin Pharmaceuticals joins the board of Biocon Ltd

Quarterly Business Performance

Financial Highlights: Q4 FY13 (In Rs Crores)

Revenue : 649
R&D Expenses: 43 (11% of biopharma sales)
EBITDA: 124 (EBITDA Margin-19%)
PAT*: 249 (PAT Margin- 38%)

Sales Breakup:
-- Biopharma: 380
-- Research Services: 166
-- Branded Formulations: 84

*includes exceptional items

Biopharma: Small Molecules & Biosimilars

Small Molecules

The small molecules portfolio was driven by strong sales in Fidaxomicin & Immunosuppressants. Our statins portfolio, with its evolving product mix, has remained robust despite industry headwinds. Our ANDA portfolio continues to make progress, and currently has 20+ products under its ambit.


Insulins -The biosimilars vertical continues to be driven by the increasing footprint of our generic rh-Insulin & generic insulin glargine in Emerging Markets. We currently have approval in 40+ countries for generic rh-Insulin and in 5+ countries for generic insulin glargine.

In FY14, we intend to commence clinical and regulatory development for marketing registration of generic rh-Insulin in the US, under the purview of our existing US IND. We intend to take up the development responsibility on our own, in accordance with our discussions with the FDA.

We have planned meetings with the FDA where we propose to discuss the strategy associated with the commencement of the generic Insulin Glargine Phase III clinical trials. We also continue to engage with the EMEA prior to our dossier filing for generic rh-insulin in EU.

A key milestone this quarter was the further strengthening of our generic partnership with Mylan by the addition of 3 generic insulin analogs to the development portfolio. The co-development partnership entails sharing of development & capital costs for global commercialization. Mylan will have exclusive commercialization rights in key regulated markets whilst the two partners will have co-exclusive commercialization rights in the other regions. Through this collaboration, Biocon gains a stable co-development partner with strong marketing capabilities along with a profit share on commercialization.

Kiran Mazumdar-Shaw, Biocon's CMD commented on this development, "Mylan is a natural preferred partner for our portfolio of generic Insulin analogs and this collaboration further strengthens our existing successful partnership. We are excited to team up with Mylan to be able to cost effectively address the disease and economic burden that diabetes poses to global health. We are confident that together we can build a strong global presence in generic Insulin analogs and thereby provide access to affordable therapy options to physicians, healthcare providers and diabetes patients worldwide."

Monoclonal Antibodies (MAbs) - Our global phase III trial for biosimilar trastuzumab has gained further traction with ongoing recruitment and trial approval in major European countries including Germany. We have also completed patient recruitment in a separate Phase III trial for biosimilar trastuzumab being conducted in India.

Novel Molecules

Our oral insulin candidate, IN-105, continues to make progress. The partnership with Bristol Myers-Squibb has enabled us to better structure the bridging trials to be completed prior to the initiation of Phase II. We intend to commence these trials shortly, in line with the receipt of approval from the regulators.

We continue our work on the novel anti-CD6 molecule Itolizumab, currently authorized for the treatment of chronic plaque psoriasis. Its novel and differentiated mechanism of action holds promise for other autoimmune indications as well. We have completed a pre-IND meeting for Itolizumab with the US FDA, where we have received encouraging feedback. We have initiated the process of tailoring our data package in line with the feedback for the US IND filing.

Branded Formulations

Our branded formulations business unit recorded an impressive performance in the last quarter delivering to 30% YoY growth. The principal growth drivers have been Oncology, Comprehensive Care, Diabetology and Bioproducts. Specifically our brands InsugenT, BasalogT, BioMab EGFRT, EvertorT, Abraxane®, IVNEX® and Erypro® have been the leading contributors. In FY14, we look forward to the successful launch of our brand AlzumabT, a novel anti CD6 for the treatment of moderate-to-severe Psoriasis. AlzumabT is a differentiated biologic drug with a superior safety profile compared to other approved biologic therapies given its very low infection rates.

Commenting on this performance, Rakesh Bamzai, President- Marketing said, "The robust growth that Biocon has witnessed in Branded Formulations reflects our focus on building brands. Against the industry growth of 12%, we have grown by 34% in FY13. Biocon is committed to invest in its brands and people in India and other emerging markets. This will strengthen the foundation that will sustain these healthy growth rates. "

Research Services

The research services businesses have built strongly on the growth momentum from the previous quarters, to deliver a Q4 revenue growth of 41% YoY. For the full year, Syngene and Clinigene have posted combined revenues of Rs 557 Crores, reflecting early traction from the investments we have been making across our multiple platforms. We have also concluded the GE investment of Rs 125 Crores this quarter, with the funds earmarked for capital investments to fuel the next phase of growth.

Commenting on this performance, Peter Bains, Director Syngene International, said, "FY13 has been a milestone year for us with research services' revenues crossing the US$ 100 million threshold for the first time. Our strategy has been to expand our discovery and development capabilities in small molecules and biologics, enabling us to offer more integrated and value added services to our customers. Our growth reflects a strong mix of retained and expanded clientele as well as the addition of important new customers across all our major platforms. The extensive nature of our scientific platforms has empowered us to diversify beyond biopharma helping us serve leading companies in the nutritional, consumer health, agrichemical, food science and electronics sectors. Today we have ~90 life-sciences customers including 16 of the top 20 pharma companies of the world. The current growth momentum and strong order book, indicates that we are moving in the right direction."


The emphasis in FY14 will be on the execution of development plans for the generic biologics portfolio with a firm leash on costs and portfolio margins. We expect our R&D costs to increase in line with the progress being made by our generic biologics and novel molecules. Revenues should keep pace with the increasing R&D investments, as we gain further traction in emerging markets this fiscal. We intend to further optimize our small molecules portfolio to ensure healthy margins. Our Malaysian facility continues to advance and is poised to come on stream by FY15, helping Biocon transform into a leading generic insulin player.

Induction of a new Board Member

Biocon announced the induction of Daniel M. Bradbury as an additional non-executive board member of Biocon Limited. Dan Bradbury is a Life Sciences Executive with over 30 years of experience in creating and implementing strategies that transform businesses, bring novel medicines to market and maximize shareholder value. He is the Managing Member of BioBrit, LLC, a Life Sciences Consulting and Investment Firm. Dan has spent 18 years at Amylin Pharmaceuticals and was the CEO at Amylin until its acquisition by Bristol Myers Squibb. He received a Bachelor of Pharmacy from Nottingham University and a Diploma in Management Studies from Harrow and Ealing Colleges of Higher Education in the United Kingdom.

About Biocon

Biocon Limited (BSE code: 532523, NSE Id: BIOCON, ISIN Id: INE376G01013) is India's premier biotechnology company with a strategic focus on biopharmaceuticals and research services. Established in 1978 by Dr. Kiran Mazumdar-Shaw, the Group is an integrated, innovation-driven healthcare enterprise with offerings that traverse the entire drug development value chain. Balancing its novel molecule research pipeline with a diversified product portfolio, Biocon delivers affordable solutions to partners and customers in over 75 countries across the globe. Many of these products have USFDA and EMA acceptance. Stellar products from Biocon' s stable include the world's first Pichia-based recombinant human insulin, INSUGEN® and glargine, BASALOG® coupled with a state of the art insulin pen device, INSUPen® and India's first indigenously produced monoclonal antibody BioMAb-EGFR®.


Certain statements in this release concerning our future growth prospects are forward-looking statements, which are subject to a number of risks, uncertainties and assumptions that could cause actual results to differ materially from those contemplated in such forward-looking statements. Important factors that could cause actual results to differ materially from our expectations include, amongst others general economic and business conditions in India, our ability to successfully implement our strategy, our research and development efforts, our growth and expansion plans and technological changes, changes in the value of the Rupee and other currency changes, changes in the Indian and international interest rates, change in laws and regulations that apply to the Indian and global biotechnology and pharmaceuticals industries, increasing competition in and the conditions of the Indian biotechnology and pharmaceuticals industries, changes in political conditions in India and changes in the foreign exchange control regulations in India. Neither our company, our directors, nor any of our affiliates, have any obligation to update or otherwise revise any statements reflecting circumstances arising after this date or to reflect the occurrence of underlying events, even if the underlying assumptions do not come to fruition.

Earnings Call

The company will conduct an hour long call at 03:15 pm IST on April 26, 2013 where the senior management will discuss the company's performance and answer questions from participants. To participate in this conference call, please dial the numbers provided below five to ten minutes ahead of the scheduled start time. The dial-in number for this call is +91-22-6629 5889/ 3065 2542. Other toll numbers are listed in the conference call invite which is posted on the company website The operator will provide instructions on asking questions before the start of the call. A replay of this call will also be available from April 26, 2012 - May 3, 2013 on the same dial-in numbers provided above. The transcript of the conference call will be posted on the company website.

To view the fact sheet, please click on the link mentioned below:

Encl.: Fact Sheet - Consolidated Income Statement and Balance Sheet (Indian GAAP)
For picture(s)/data to illustrate this release click below: Sheet - Q4 FY13 Crores.pdf
Fact Sheet - Q4 FY13 Crores

Saurabh Paliwal, Investor Relations, +91 9538380801,
Sweta Pachlangiya, Investor Relations, +91 9686509372,
Seema Ahuja, Media Relations, +91 9972317792,
Rumman Ahmed, Media Relations, +91 9845104173,


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BWI: Thinksoft FY13 Operating Revenue at Rs 161 Crore; Up 33%. Recommends Final Dividend of Rs 3/Share.

Press release from Business Wire India
Source: Thinksoft Global Services Ltd.
Friday, April 26, 2013 10:30 AM IST (05:00 AM GMT)
Editors: General: Consumer interest, Economy, People; Business: Accounting & management consultancy services, Advertising, PR & marketing, Banking & financial services, Business services, Financial Analyst, Information technology, Major diversified industrial groups; Technology
Thinksoft FY13 Operating Revenue at Rs 161 Crore; Up 33%. Recommends Final Dividend of Rs 3/Share.

Chennai, Tamil Nadu, India, Friday, April 26, 2013 -- (Business Wire India) -- Financial Software testing pioneers, Thinksoft Global Services Ltd. (BSE:533121) (NSE: THINKSOFT), announced its fourth quarter and full year results ended on 31st March' 2013. Thinksoft Global Services is a specialist in financial and banking software testing services, and is the only listed independent testing service provider in India. The results are available on the company's website,


Consolidated FY13 Review

-- Operating revenue was Rs 161.4 crore as compared to Rs 121.4 crore during the corresponding period of previous year reflecting an increase of 33% in rupee terms.

-- EBITDA stood at Rs 30.2 crore as compared to Rs 12.9 crore during the corresponding period of previous year, reflecting an increase of 135%.

-- EBITDA Margin at 18.7% for FY13 as against 10.6% in FY12 ended on March 31, 2012, up 810 bps.

-- Net profit stood at Rs 19.4 crore for FY13 ended March 31, 2013 as compared to Net profit of Rs 11.4 crore in the corresponding period of the previous year, an increase of 71%.

-- Basic EPS stood at Rs 19.3, increase of 71% over the same period last year.

Commenting on the results, Mr. A.V. Asvini Kumar, Chairman & Managing Director, Thinksoft Global, said "The Company saw a strong performance during the year with operating revenues increasing 33% and net profits increasing 71%. The banking segment and the USA geography has been the key driver for growth during the year. We are confident that the growth momentum will continue as we ramp different segments of our business."

About Thinksoft Global

Thinksoft Global is a specialist in financial software testing with over 14-million person hour track records for Global 500 financial and insurance organisations in USA, UK, Europe, India and Asia-Pacific. Through its domain focus, structured testing methodologies, offshore delivery, and test automation expertise, Thinksoft helps clients realise 'business ready software', compress timelines, and reduce software product life cycle costs. In the last 14 years, Thinksoft Global has established a successful track record of handling large independent functional testing assignments. Thinksoft has established a global presence/ footprint in New York, London, Frankfurt, Singapore, Bangalore and Chennai. Thinksoft Global is the Winner of the Deloitte Tech Fast 50 India and Tech Fast 500 AsiaPac - 2006, 2007 and 2008. Thinksoft is ISO 9001:2000 certified for 'Providing offshore testing and documentation services for the Banking, Financial Services, and Insurance verticals.

Parthajeet Sarmah, Christensen Investor Relations, +91 98670 01356,


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Thursday, April 25, 2013

BWI: Lex WITNESS Convenes 2nd Annual Edition of Real Estate & Construction Legal Summit 2013

Press release from Business Wire India
Source: Lex WITNESS
Thursday, April 25, 2013 05:26 PM IST (11:56 AM GMT)
Editors: General: Consumer interest, Entertainment, People; Business: Business services, Construction, Media & entertainment, Publishing & printing, Real estate
Lex WITNESS Convenes 2nd Annual Edition of Real Estate & Construction Legal Summit 2013
Connoisseurs of Real Estate & Construction industry got together for a thought-provoking dialogue

New Delhi, Delhi, India, Thursday, April 25, 2013 -- (Business Wire India) -- Lex WITNESS - India's 1st Magazine on Legal and Corporate Affairs presented the 2nd Annual Edition of Real Estate & Construction Legal Summit (RCLS) 2013 in Delhi today for the stakeholders of Real Estate & Construction industry to come together and confer on the latest & upcoming implications of their businesses to formulate a way forward strategy. The full day summit saw over 20 expert speakers engaging in a debate focused towards solving real time issues and providing practical solutions to challenges faced by in-house counsel and all stakeholders involved in legal and approval processes of various projects.

In an official message sent for the initiative;

Hon'ble Mr. Justice P. Sathasivam, Judge, Supreme Court of India shared that with the advent of globalization and liberalization in real estates and construction industries, it is essential to have in place a comprehensive legal framework not only to minimize the disputes and risks attached, but also to encourage global investors. The legal framework in this regard is still in its developing stage and requires vast diligence and inclination to arrive at a comprehensive law. I am confident that the deliberations and reflections in this summit will be of real assistance in fostering guidelines and suggestions for prospective reforms in this field.

Further, sharing his best wishes for the success of the Summit, Hon'ble Mr. Justice conveyed his greetings to the team of Lex WITNESS in choosing this very apt topic that is of utmost significance in the contemporary epoch.

RCLS 2013 focused on various key areas for discussion which included impact on the industry owing to recently passed Land Bill, decoding Real Estate Regulation Bill, analysis on CCI ruling, creating transparency in funding process, understanding legal risk & due diligence in purchase of land, FDI & Joint Venture Contracts, Litigation Strategies and understanding the approval process in different regions of India.

The summit gave a platform to all the panelists to share their knowledge and experiences on practices for managing approval processes, decoding impact on business and shifts in working structures by new regulations. Further, the discussion session by Mr. Sunil Thacker, Partner at Sunil Thacker Associates brought an insight on the challenges & opportunities presently in the Dubai real estate market.

Sharing his views on the issues discussed in the Summit, PBA Srinivasan, Editor-in-Chief, Lex WITNESS said, "The Indian real estate industry is witnessing a boom as the market size is expected to touch US$ 180 billion by 2020. Now, with a broad consensus on the contentious 'Land Acquisition Bill' in place, lots of fresh developments are projected."

The expert speakers' panel at 2nd Annual edition of RCLS 2013 included Vinod Dhall-Former Chairman, CCI, Sunil Mantri-Chairman & Managing Director, Sunil Mantri Group, Hemant Kumar-Group General Counsel, Essar Group, Rajinder Sharma-Director Corporate Affairs & General Counsel-South Asia, E.I. DuPont, Badrinath Durvasula-Vice President & Head Legal, Larsen & Toubro Ltd., Dr. Rajeev Uberoi-Group Head Legal & Compliance, IDFC Ltd., Sunil Thacker-Partner, Sunil Thacker Associates, R.L. Batta-Sr. Vice President - Legal, Jaiprakash Associates, S. Ramaswamy- Vice President - General Counsel & Company Secretary, JCB India, Sacchin Puri- Managing Partner, UCOL Advocates & Consultants.

Commenting on the significance of this summit in today's time, Shyam Grover, Group Editor & CEO, Lex WITNESS said, "The 2nd Annual Edition of RCLS 2013 was conceptualized to discuss various strategies of the businesses & to discover practical answers for single approval process window, in the absence of which projects incur huge financial losses. With the government's growing impetus on the infrastructure development, real estate industry is entering a promising stage & clearing all the obstacles in its way is the need of the hour. I am proud that RCLS has become a platform for all industry nobles to come together & ponder over the critical issues affecting the larger wing of the industry."

RCLS 2013 initiative was supported by Sunil Thacker Associates, UCOL Advocates & Consultants, Mahendra Bhavsar & Co., Maheshwari & Co. as Associate Partners, Trust Legal Advocates & Consultants and Deepak Sabharwal & Associates as Kit Partners, SILF, ICCA, LCIA India as Fraternity Partners, Lawyers Club India, CA Club India, Tender Tiger, Tenders Info, National Bar Association of India, India Law Journal and Think Legal as Supporting Partners.

For the Editors:

WITNESS is a high quality monthly magazine with the power of fresh and original content that deals exclusively with subjects on legality. Some of India top-notch practitioners and experts contribute in WITNESS on subjects relevant to all stakeholders in this profession.

WITNESS, ever since its inception in 2009, has become India's most credible platform for the legal luminaries here to opine, comment and share their views. With an interesting blend of opinion pieces, commentary, reportage, analysis, interviews and movements, Lex Witness is a monthly magazine that reaches out to the entire fraternity of General Counsel/ Corporate counsel and lawyers and law firms besides key decision makers, luminaries, experts, policy makers, bureaucracy and the industry captains in India. | For more details on the Summit visit

To view the photograph, please click on the link given below:

2nd Annual Edition of The Lex Witness Real Estate & Construction Legal Summit 2012
For picture(s)/data to illustrate this release click below:

Rashi Jain Agarwal, POSITIVE INTERACTIVE PVT. LTD., +91 9582555416,
Anushka Bakshi, POSITIVE INTERACTIVE PVT. LTD., +91 9582555408,


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BWI: McAfee Delivers Enterprise Class Security to the Cloud

Press release from Business Wire India
Source: McAfee
Thursday, April 25, 2013 05:12 PM IST (11:42 AM GMT)
Editors: General: Consumer interest, Entertainment, People; Business: Business services, Information technology; Technology
McAfee Delivers Enterprise Class Security to the Cloud
McAfee Identity and Access Management Solutions Enable IT to Regain Control of Cloud Applications

Mumbai, Maharashtra, India, Thursday, April 25, 2013 -- (Business Wire India) -- McAfee today announced the addition of identity and access management solutions to its Security Connected portfolio. The solutions that were previously sold and developed by Intel include McAfee Cloud Single Sign On and McAfee One Time Password. McAfee also introduced a new McAfee Identity Center of Expertise, staffed with experts in identity and cloud security to assist users with questions pertaining to identity and access management issues, such as architecture requirements and best practices.

Organizations of all sizes are moving IT operations and functions to the cloud in order to reduce costs. As businesses embrace cloud-based applications they quickly find their IT department and application administrators are overwhelmed with the problem of managing cloud-based application accounts. Many organizations are trying to use legacy identity and authentication solutions which can create security gaps and are often complicated to deploy and customize for new applications.

To address this problem, the McAfee identity and access management solutions enable simple, safe, secure and compliant access to critical business information, including cloud-based applications, while maintaining agile business practices. McAfee Identity and Access Management solutions include:

-- McAfee One Time Password - scalable multi-factor authentication solution which delivers a one-time password (OTP) to any mobile device or PC.

-- McAfee Cloud Single Sign On - delivers single sign-on (SSO) for hundreds of cloud-based applications. McAfee Cloud Single Sign On is available in two form factors:

-- On-Premise Edition - application platform which can be deployed on any compatible Windows or Linux server platform, or virtual machine.

-- SaaS Edition - cloud-based version available as a service hosted and supported by McAfee.

Customers have the flexibility to purchase McAfee Cloud Single Sign On licenses and apply them to either the On-Premise Edition or SaaS Edition, or in a mixed hybrid configuration.

"There is a huge shift underway to extend enterprise-class security to cloud-based applications and services while also consolidating security onto just a few key platforms," said Pat Calhoun, senior vice president and general manager of Network Security at McAfee. "McAfee is not trying to 'boil the ocean,' instead we are focusing on several identity-related 'hot spots' and investing to help our customers and partners solve critical challenges and maintain business continuity and agility."

McAfee Cloud Single Sign On includes hundreds of pre-configured Cloud Identity connectors, automated account provisioning and de-provisioning, integration with key enterprise identity repositories, built-in multi-factor authentication based on the McAfee One Time Password product, a management console with monitoring, audit and reporting tools, as well as maintenance, upgrades and 24x7 support, all for one cost-effective subscription price. "McAfee has been excellent to work with," said Kamal Elharam, director of Information Systems and Technology at Senior Service America Incorporated. "The McAfee Cloud Single Sign On product met all of our needs and it helped us, as well as our system integrator, to implement the best solution to support our business goals. Other vendors weren't as eager to adjust to our environment and expected us to do business differently to allow us to use their tools."

McAfee One Time Password has a flexible architecture which enables customers to achieve the benefits of multi-factor authentication without the overhead expense and management headaches of legacy hardware tokens. Customers can choose to deliver multi-factor authentication via a smart phone, mobile phone (via SMS text message), a PC client application, email, instant message/chat, or a third-party token.

McAfee and its solution providers deliver integrated identity management and Web protection solutions that simplify and secure access to cloud applications while protecting against advanced malware and other hidden threats. From single-sign-on, strong authentication and granular application control to web filtering, deep content inspection and advanced malware protection, McAfee provides the industry's most comprehensive Web security solution.


For more information on McAfee Cloud Single Sign on and McAfee One Time Password visit:

McAfee Security Connected

McAfee Security Connected brings McAfee Network Security and McAfee Endpoint Security together through an extensible framework of centralized management through McAfee ePolicy Orchestrator integrated with McAfee Global Threat Intelligence delivering unprecedented visibility across all threat vectors. The McAfee Security Innovation Alliance is an open architecture allowing other vendors to integrate their solutions with McAfee resulting in a network of more than 150 partners who understand the value of working with McAfee. Only McAfee Security Connected offers a platform in which security products and services work together to safeguard businesses delivering unmatched protection from new and advanced cyber attacks.

About McAfee

McAfee, a wholly owned subsidiary of Intel Corporation (NASDAQ:INTC), empowers businesses, the public sector, and home users to safely experience the benefits of the Internet. The company delivers proactive and proven security solutions and services for systems, networks, and mobile devices around the world. With its Security Connected strategy, innovative approach to hardware-enhanced security, and unique Global Threat Intelligence network, McAfee is relentlessly focused on keeping its customers safe

Note: McAfee is a trademark or registered trademark of McAfee, Inc. in the United States and other countries. Other names and brands may be claimed as the property of others.

Navin Rochiramani, Text100 for McAfee, +91 9833867734,
Arlette Gomes, Text100, + 91 8149200015,


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BWI: Magma Nominated for Best Website in the 17th Annual Webby Awards

Press release from Business Wire India
Source: Magma Fincorp Limited
Thursday, April 25, 2013 04:15 PM IST (10:45 AM GMT)
Editors: General: Consumer interest, Entertainment, People; Business: Business services, Financial Analyst, Information technology, Media & entertainment; Technology
Magma Nominated for Best Website in the 17th Annual Webby Awards

Kolkata, West Bengal, India, Thursday, April 25, 2013 -- (Business Wire India) -- Magma Fincorp Ltd., one of India's leading retail asset finance companies has been nominated for Best website in the 17th Annual Webby Awards. Hailed as the "Internet's highest honor" by The New York Times, The Webby Awards, presented by the International Academy of Digital Arts and Sciences (IADAS), is the leading international award honoring excellence on the Internet. The IADAS, which nominates and selects The Webby Award Winners, is comprised of web industry experts, including media mogul Arianna Huffington, Skype CEO Tony Bates, Mozilla CEO and Chair Mitchell Baker, Instagram co-founder Kevin Systrom, mobile-phone inventor Martin Cooper, and Stumble Upon founder Garrett Camp.

Magma Fincorp Limited ("Magma") is a non-deposit taking non-banking finance company (NBFC), registered with the Reserve Bank of India (RBI) as an Asset Finance Company. The Company, having started operations over two decades back, is listed on the Bombay Stock Exchange Limited and the National Stock Exchange in India.

"Nominees like Magma are setting the standard for innovation and creativity on the Internet," said David-Michel Davies, Executive Director of the Webby Awards. "It is an incredible achievement to be selected among the best from the 11,000 entries we received this year."

"It is a great honor that Magma Fincorp has been nominated in the 17th Annual Webby Awards in the Financial Services/Banking category. With 11,000 entries received from all 50 US states and over 60 countries, the Academy has acknowledged outstanding entries as Official Honorees", said Mr. Suryakant Mishra, Associate Vice President, Magma Fincorp Ltd.

Magma's listing on the webby site is located at:

Winners will be announced on Tuesday, April 30, 2013 and honored at a star-studded ceremony on Tuesday, May 21, 2013 at Cipriani on Wall Street in New York City, where they will have an opportunity to deliver one of The Webby Awards' famous 5-Word Speeches. Highlights from last year's 5-Word Speeches include: Pinterest: "Pinterest loves you Ryan Gosling"; Bjork: "A.E.I.O.U"; and Holocaust survivor Tibor Sands for The United States Holocaust Museum"Thank you for remembering me.

About Magma Fincorp Limited

Magma Fincorp Limited ("Magma") is a non-deposit taking non-banking finance company (NBFC), registered with the Reserve Bank of India (RBI) as an Asset Finance Company. The Company, having started operations over two decades back, is listed on the Bombay Stock Exchange Limited and the National Stock Exchange in India.

Magma provides a bouquet of financial products including financing of Utility Vehicles & Cars, Commercial Vehicles, Construction Equipments, Used Commercial Vehicles, Tractors, SME Loans, Loan against gold, Home finance and Insurance. Magma has a dedicated base of around 3 lac customers and has assets of INR 13,530 Cr under management. The company has 240 branches in 20 states and 1 union territory and employs over 6600 people.

About The Webby Awards

Hailed as the "Internet's highest honor" by the New York Times, The Webby Awards is the leading international award honoring excellence on the Internet, including Websites, interactive advertising & media, online film & video, and mobile & apps. Established in 1996, the 17th Annual Webby Awards received 11,000 entries from all 50 states and over 60 countries worldwide. The Webby Awards is presented by The International Academy of Digital Arts and Sciences. Sponsors and Partners of The Webby Awards include: Internet Explorer, Google+, Quancast, Yext, Vitamin T, PricewaterhouseCoopers, Mashable, The Occasional and Business Insider.

Poulomi Bhattacharjee, Blue Lotus Communications Pvt. Ltd, +91 9830049149,


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BWI: Sovereignty beyond Words: The New BMW 7 Series Launched in India

Press release from Business Wire India
Source: BMW India
Thursday, April 25, 2013 02:06 PM IST (08:36 AM GMT)
Editors: General: Consumer interest, Entertainment, People; Business: Automotives, Business services, Media & entertainment; Automotive
Sovereignty beyond Words: The New BMW 7 Series Launched in India

Mumbai, Maharashtra, India, Thursday, April 25, 2013 -- (Business Wire India) -- BMW Plant Chennai to locally produce the new BMW 7 Series.

Convincing, Responsible, Forward-looking: The new BMW 7 Series embodies unmatched luxurious comfort, sporting elegance and refined powertrain technology

The flagship of the BMW brand, the new BMW 7 Series was launched during an exclusive event in Mumbai.

The new BMW 7 Series is available in diesel and petrol variants at all BMW dealerships across India and the deliveries will start from 1 May 2013 onwards.

The BMW 730Ld will be locally produced at the BMW Plant Chennai in a diesel variant. The BMW 740Li, BMW 750Li and the BMW 760Li will be imported as CBU (Completely Built-Up Units) in petrol variants.

Mr. Philipp von Sahr, President, BMW Group India said, "For seven decades, the flagship from BMW has stunned the world through highest level of style and contemporary luxury with maximum driving dynamics. It represents the best we have to offer. The new BMW 7 Series makes a compelling individual statement convincing you not only with its high-quality, exclusive character, but also with its functionality. It achieves something extraordinary: you enjoy being a passenger as much as a driver."

The inner strength of the new BMW 7 Series is expressed in its design, inventiveness and power delivery. It's demonstrated by unconditional comfort and safety. By typical sportiness. By outstanding efficiency. And it all combines to establish the uniquely commanding stature and natural leadership position of the new BMW 7 Series.

The new BMW 7 Series is available in diesel and petrol variants and the all India ex-showroom prices are as follows -

BMW 730Ld : INR 92,90,000
BMW 740Li : INR 1,12,70,000
BMW 750Li : INR 1,29,10,000
BMW 760Li : INR 1,73,00,000

Price prevailing at the time of delivery will be applicable. Delivery will be made 'ex-showroom'. Ex-showroom price excludes Road tax, RTO statutory taxes / fees, insurance and Octroi (if applicable). Prices / options subject to change without prior notice.

The new BMW 7 Series is available in Alpine White as non-metallic paintwork and in the following ten metallic paintworks: Black Sapphire, Cashmere Silver, Glacier Silver, Havanna, Imperial Blue Brilliant Effect, Midnight Blue, Milano Beige, Sophisto Grey II Brilliant Effect, Space Grey and Mineral White. The standard Dakota and exclusive Nappa leather upholstery is available in Barrique Red, Black, Ivory White, Oyster, Saddle Brown light and Veneto Beige colour combinations. Interior trims offered are Fine-wood trim Burr Walnut with inlays, Fine-wood trim Ash Grain Anthracite, Fine-wood trim Fineline high-gloss and Fine-wood trim Polar Grain Light high-gloss.

"The most successful 7 Series ever, the fifth generation of the BMW 7 Series is prepared for the second phase of its life. This is the most extensive overhaul a BMW model has ever seen. As the benchmark in the luxury segment, it now boasts considerably enhanced product substance that provides unmatched levels of luxury, comfort and technology," said Mr. Philipp von Sahr, President, BMW Group India.

The new BMW 7 Series

The new BMW 7 Series is a true head-turner - in its totality and in every detail. Anyone approaching it from the front will be immediately captivated by its elegance. The BMW double kidney grille emphasises the natural presence of the vehicle and the expressive apron underlines the exclusive character. Particularly striking are the new Adaptive full-LED headlights which combine safety with exquisite design. They are also a perfect example of the beauty of cutting-edge light technology. For improved visibility, the indicators are integrated into the wing mirrors.

The interior of the new BMW 7 Series is an expression of individuality with the flawlessly executed design, wealth of equipment, top-class materials, quality workmanship and outstanding practicality. The cockpit is angled towards the driver and puts all the important controls within easy reach to provide a sense of personal control and comfort. As soon as the doors close, not a sound disturbs the atmosphere of complete rest and relaxation, while the generously roomy seating provides ideal conditions for blissful travel. Ambient lighting transforms the mood of the interior with its individual colour.

The new BMW 7 Series is one of the most advanced cars of its time and inextricably combines pioneering technology with the highest levels of comfort. The next generation of BMW iDrive (the on-board Driver Information System); and the BMW Navigation Professional (integrated Global Positioning System - GPS) with hard drive storage and 25.9 cm high-resolution display are standard on the new BMW 7 Series. The rear seat entertainment package brings the world of BMW ConnectedDrive to the back seats with two newly designed 23.3 cm colour screens and a personal iDrive Controller.

The locally produced BMW 730Ld has one of the most smooth-running, light, efficient and responsive engines in its class. It has a BMW TwinPower Turbo six-cylinder in-line diesel engine combining CommonRail direct injection and a turbocharger with variable turbine geometry that delivers more power (190kW / 258hp) than the previous model. The BMW 730Ld produces a maximum torque of 560 Nm at 1,500 rpm and accelerates from 0 - 100 km/hr in 6.2 seconds to a top speed of 250 km/hr.

The new eight-speed automatic transmission with Cruise Control performs smooth, almost imperceptible gear shifts. At any time, in any gear, the transmission collaborates perfectly with the engine, enabling it to develop its full power and efficiency.

Using the Driving Experience Control switch, the driver is able to choose between different driving modes to suit the driving conditions (ECO PRO, Comfort, Sport and Sport+). In addition, Dynamic Damper Control adapts the shock absorber characteristics and adjusts to suit both the road condition and driving style.

Safety also plays an important role in the new BMW 7 Series. The Active Protection system recognizes the collision risks and immediately tightens the front seat belts, closes the windows and the sunroof to significantly reduce injury risk. Exclusively available only in the new BMW 7 Series, the Attention Assist function recognises if the driver is increasingly distracted or tired and issues a notification via the Control Display, suggesting they take a break. The driver can then look up suitable nearby rest stops.

With BMW EfficientDynamics, the new BMW 7 Series is equipped with most comprehensive technology packages to reduce fuel consumption and increase driving dynamics - such as Intelligent Lightweight Construction, Auto Start-Stop, ECO PRO mode, Brake-Energy Regeneration, 50:50 Weight Distribution and many other innovative technologies.

The new BMW 7 Series has a comprehensive range of luxury features such as an individual cool box, generously sized folding tables integrated in the backrest of the front seats and massage function in rear seat backrests. The automatic air conditioning with air re-circulation filter, fogging and solar sensors, regulates temperature, air flow, air distribution and air layering separately to four zones.

To view the photograph and specifications and prices, please click on the links given below:

Mr. Philipp von Sahr, President, BMW Group India with the new BMW 7 Series

The new BMW 7 Series Spec Sheet
For picture(s)/data to illustrate this release click below:
IMG_1(162).jpg new BMW 7 Series Spec Sheet 180413.pdf
The new BMW 7 Series Spec Sheet 180413.pdf

Abhay Dange, Director, Press and Corporate Affairs, BMW India, +91 9910481013 / + 91 (124) 4566600,
Priyanka Juyal, Press and Corporate Affairs, BMW India, +91 9971553331 / + 91 (124) 4566608,


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BWI: International TETRA Awards Recognizes Motorola Solutions' Excellence in Five Categories

Press release from Business Wire India
Source: Business Wire
Thursday, April 25, 2013 11:12 AM IST (05:42 AM GMT)
Editors: General: Consumer interest, People; Business: Business services, Electronic appliances & components, Information technology, Telecommunications; Technology
(BW)(MOTOROLA-SOLUTIONS)(MSI)International TETRA Awards Recognizes Motorola Solutions' Excellence in Five Categories
Asian customers receive awards; Motorola Solutions also recently achieved shipment milestone of 2 million TETRA radios

Gurgaon, Haryana, India and Indonesia, Thursday, April 25, 2013 -- (Business Wire India) --

Motorola Solutions, Inc. (NYSE:MSI), a leading provider of mission-critical communication solutions and services for enterprise and government customers, is announcing that it won four of the seven categories of the International TETRA Awards and was 'highly commended' in a fifth category.

Motorola's TETRA RF Automated Coverage Evaluation Solution (TRACES) was the only entrant in the awards to win twice, once for "Best TETRA Innovation" and once more in the category "Best Solution for Enterprise." The "Green Award," with an eco-friendly objective, was won by Motorola's Dimetra IP Release 8.x TETRA platform, which offers network operators a simpler and more cost-effective platform to deliver TETRA mission-critical communications to public safety users.

A further two awards were won by submissions entered by Motorola in conjunction with customers: Resorts World Sentosa from Singapore won the "Best Use of TETRA in Private Industry" category and Shanghai Metro from China won a Highly Commended Award in the category "Best Use of TETRA in Transport," raising the total of awards collected on the night by Motorola Solutions to five.

Earlier this year, Motorola Solutions also announced that it has shipped its two millionth TETRA digital radio terminal. This milestone was reached in less than four years, half the time it took to reach the first milestone of 1 million units bought by customers. Bangalore International Airport Limited (BIAL) of India, which built, owns and operates Bengaluru International Airport, has received its order of MTP3000 series radio as part of this two millionth TETRA shipment milestone from Motorola Solutions.

Key Facts

About International TETRA Awards

  • The International TETRA Awards, a collaboration between the TCCA and TETRA Today, are designed to recognise excellence in the field of TETRA radio communications in both mission-critical and business-critical organizations and took place in the London Transport Museum.


  • Motorola Solutions' award-winning TRACES was developed collaboratively by London's Metropolitan Police Service (MPS) and Motorola's Global Solutions and Services team. The solution was developed to help the MPS gain automatic visibility of black spots on the mission-critical TETRA network, which impacted the ability of Officers to make calls during major events. The MPS also needed the ability to evaluate and analyse network data post-event.
  • Motorola Solutions developed TRACES to allow end-user organisations such as the MPS, to automatically collect, visualise and evaluate data from mission-critical TETRA networks via error logs recorded in Motorola Solutions' TETRA terminals. This allows managers to view usage patterns and quickly identify coverage black spots, enabling them to work with the network operator to enhance performance. Motorola has since evolved TRACES into a solution that allows network operators real-time visibility and data on network coverage and performance issues.
  • TRACES is a flexible, easy to install and modular tool that can be customised to mission-critical network operator needs.
  • With TRACES in operation, actual network coverage that is being supplied by the network is quickly visible to the operator so when changes occur on the network, operators no longer have to rely on inaccurate predicted coverage maps
  • The use of TRACES as an analytical tool can greatly reduce maintenance costs because it reduces the need for regular drive testing in problem areas

About Dimetra IP Release 8.x

  • Dimetra IP Release 8.x offers a simpler, more resilient and cost-effective TETRA system for supporting mission-critical voice and data applications, harnessing the advanced capabilities of a new IT server-based platform.
  • Dimetra IP Release 8.x users are seeing a reduction of 70 percent in power consumption in switch sites, with a 60 percent reduction in physical space and footprint. The all-IP architecture carries over into the control room with an 80 percent reduction in power possible as the latest IT equipment is used.
  • Dimetra IP Release 8.x includes automated system upgrade functionality, which reduces upgrade time as well as the need for specialist and expensive support staff. The new system achieves practically seamless upgrades by reducing service outages by more than 60 percent compared with the previous system release.

John Adams, Head of Radio Services, London Metropolitan Police Service
"TRACES is a perfect example for how user involvement ensures the development of solutions exactly for their needs. We were one of the reasons why it has been developed. Our involvement has led to the creation of a solution from which other organizations around the world can benefit. We are pleased that Motorola has listened to us and delivered the right tool. TRACES has given us tremendous insights into our TETRA network and cost savings. Its recognition at the International Tetra Awards is well deserved."

Gary Aitkenhead, vice president, Global Services Organization, Motorola Solutions EMEA
"Innovation and customer focus are at the heart of Motorola's Global Solutions and Services, and it is with great pleasure to see that this is being recognized by users and the industry. Motorola's TRACES is a prime example of how a complex customer issue has been resolved with outstanding innovation. TRACES has revolutionised the way TETRA networks are monitored and optimised - putting customers in control and giving them visibility to network data that was previously challenging and costly to gain. We are delighted to receive these awards and look forward to building on this momentum over the next few years."

About Motorola Solutions
Motorola Solutions is a leading provider of mission-critical communication solutions and services for enterprise and government customers. Through leading-edge innovation and communications technology, it is a global leader that enables its customers to be their best in the moments that matter. Motorola Solutions trades on the New York Stock Exchange under the ticker "MSI." To learn more, visit For ongoing news, please visit our media center or subscribe to our news feed.

Announcement: More Than 2 Million Users Worldwide Trust TETRA Radio Terminals from Motorola Solutions

MOTOROLA, MOTO, MOTOROLA SOLUTIONS and the Stylized M Logo are trademarks or registered trademarks of Motorola Trademark Holdings, LLC and are used under license. All other trademarks are the property of their respective owners. ©2013 Motorola Solutions, Inc. All rights reserved.


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BWI: Frost & Sullivan: India’s Vast Mobile User Base Makes it an Ideal Market for mHealth Services

Press release from Business Wire India
Source: Frost & Sullivan
Thursday, April 25, 2013 11:00 AM IST (05:30 AM GMT)
Editors: General: People; Business: Business services, Electronic appliances & components, Information technology; Technology; Healthcare
Frost & Sullivan: India's Vast Mobile User Base Makes it an Ideal Market for mHealth Services
Greater awareness about mHealth will close the gap between urban and rural markets

Mumbai, Maharashtra, India, Thursday, April 25, 2013 -- (Business Wire India) -- Changing disease profiles, increased adoption of smart phones, advancements in mobile technology, and greater focus on health and wellness are laying concrete foundation for mHealth in India. Currently, there are more than 20 initiatives for mHealth in the country. This number is set to grow as India has a robust mobile technology infrastructure in place and saw the launch of 4G in 2012.

Furthermore, India has the second largest population in the world and one of the highest numbers of mobile users. The swelling subscriber base is attributed to low tariffs and inexpensive handsets.

New analysis from Frost & Sullivan (, Overview of mHealth Market in India, finds that the compound annual growth rates (CAGR) for mobile handset in the rural and urban markets are likely to be 12.4 and 10.6 percent, respectively, till 2016.

mHealth is still a fledgling concept and most of the initiatives undertaken are only a couple of years old. The market has very few successful business models and it will be at least two to five years before a successful model emerges. This is due to the large disparity in mobile infrastructure in rural and urban India.

"Mobile connectivity and data transmission is still a challenge in the rural markets," observed the Frost & Sullivan Analyst. "Since people from these market segments use mobile phones mostly for their voice services, the acceptance of value-added services is very low. The primary reason for this is high prevalence of poverty and illiteracy (around 31 percent) in rural areas."

The urban market, however, continues to witness growth in mobile handset uptake due to the developing replacement market. With quality healthcare being centralized in urban centers, there is a dearth of medical workforce in rural markets. The healthcare industry is hoping that mobile platforms will close the disparity in service provision. With the increasing penetration of mobile services in rural areas, mHealth solutions can strengthen the healthcare delivery system for the rural population. This will happen only with a collaborative effort on the part of policy makers, telecom providers, and mHealth solution providers.

"The rural population should be educated about the benefits of mHealth services, while the urban population should be encouraged to use mHealth applications to modify and monitor their lifestyle," said the analyst. "Once these objectives are realized, the mHealth application market in India is expected to develop significantly over the period of next five years."

If you are interested in a virtual brochure, which provides a brief synopsis of the research and a table of contents, then send an e-mail to Priya George / Akshata Mhatre, Corporate Communications, at /, with your full name, company name, title, telephone number, company e-mail address, company website, city, state and country. Upon receipt of the above information, a brochure will be sent to you by e-mail.

Overview of mHealth Market in India is part of the Connected Health Growth Partnership Services program, which also includes research in the following markets: European Market for Medical Grade PCs, MCAs, and Bedside Terminals, Analysis of the North American Telehealth Industry, U.S. Hospital Health Data Analytics Market, and Analysis of the Video Telemedicine Market. All research services included in subscriptions provide detailed market opportunities and industry trends evaluated following extensive interviews with market participants.

About Frost & Sullivan

Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants.

Our "Growth Partnership" supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.

-- The Integrated Value Proposition provides support to our clients throughout all phases of their journey to visionary innovation including: research, analysis, strategy, vision, innovation and implementation.

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Overview of mHealth Market in India

Akshata Mhatre, Corporate Communications - South Asia, Frost & Sullivan, +91 9867873010 / +91 (22) 66072020,
Priya George, Corporate Communications - South Asia, Frost & Sullivan, +91 9840355432 / +91 (44) 66814456,
Nimisha Iyer, Corporate Communications - South Asia, Middle East & North Africa, Frost & Sullivan, +91 9820050519 / +91 (22) 66072004,


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