BWI: Sterlite Industries (India) Limited Intimation Regarding Change in Chief Executive Officer (CEO) and Chief Financial Officer (CFO)

Press release from Business Wire India
Source: Business Wire
Monday, April 04, 2011 11:55 AM IST (06:25 AM GMT)
Editors: General: People; Business: Business services, Heavy industries, Mining companies
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(BW)(STERLITE-INDUSTRIES)(SLT)(STERLITEIND)Sterlite Industries (India) Limited Intimation Regarding Change in Chief Executive Officer (CEO) and Chief Financial Officer (CFO)


Mumbai, Maharashtra, India, Monday, April 04, 2011 -- (Business Wire India) --

The Board of Directors of Sterlite Industries (India) Limited ("Sterlite") have approved the change in its Chief Executive Officer (CEO) and Chief Financial Officer (CFO). Mr.Mahendra Singh Mehta has been appointed as the CEO of Sterlite Industries (India) Limited consequent to transfer of Mr.R Kishore Kumar as the CEO for Africa Operations which include the newly acquired zinc assets in Namibia, South Africa and Ireland.

The Board also approved the appointment of Mr.Din Dayal Jalan as the Chief Financial Officer (CFO) of Sterlite Industries (India) Limited.

The above appointment comes into immediate effect.

About Sterlite Industries

Sterlite Industries is India's largest non-ferrous metals and mining company with interests and operations in aluminium, copper, zinc and lead and power. It is a subsidiary of Vedanta Resources plc, a London-based diversified FTSE 100 metals and mining group. Sterlite Industries' main operating subsidiaries are Hindustan Zinc Limited for its zinc and lead operations; Copper Mines of Tasmania Pty Limited for its copper operations in Australia; and Bharat Aluminium Company Limited for its aluminium operations. The company operates its own copper operations in India. The company has entered the commercial energy generation business and is in the process of setting up a 2,400MW independent power plant through its wholly owned subsidiary, Sterlite Energy Limited. 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.

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
PEOPLE, BUSINESS SERVICES, HEAVY INDUSTRIES, MINING

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BWI: IndiaMART.com to Sponsor INDEXPO 2011

Press release from Business Wire India
Source: IndiaMART
Friday, April 01, 2011 08:30 PM IST (03:00 PM GMT)
Editors: General: Consumer interest; Business: Advertising, PR & marketing, Business services, Information technology, Media & entertainment; Technology
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IndiaMART.com to Sponsor INDEXPO 2011


New Delhi, Delhi, India, Friday, April 01, 2011 -- (Business Wire India) -- -- IndiaMART INDEXPO 2011 to bring large number of MSMEs under one roof from different industries
-- Highlight latest trends & techniques in machinery, tools & equipments

Looking to cater to the interest of a large number of Micro, Small and Medium Enterprises (MSMEs) in various industry verticals, IndiaMART.com, India's largest online B2B marketplace, has decided to sponsor INDEXPO 2011. To be held from 22nd April to 24th April, 2011 the mega trade show will be organised by Indore Infoline at Lalbagh Palace Ground in Indore. IndiaMART INDEXPO 2011 seeks to engage visitors from industries such as automotive, steel, pharmaceutical, printing, packaging and food processing industry. The aim is to foster a culture of business interaction and networking amongst small businesses.

Speaking on the association, Mr. Dinesh Agarwal, Founder and CEO, IndiaMART.com, said, "A direct route to plethora of opportunities for MSMEs, trade shows are a means to propel small enterprises towards growth. This trade show will enlighten them with updated trends in various industries. We are delighted to partner with INDEXPO 2011 and look forward to a great show ahead."

One of the much-awaited trade events, IndiaMART INDEXPO 2011 promises to bring forth latest developments in these sectors and will also showcase manufacturing plant and equipment by suppliers from across the country. The entire exhibition is segmented into 8 different clusters spanning various industries - auto cluster, pharma machinery and equipments, print & packaging machinery and services, machine tools, steel, food processing machinery & plants, industrial automation and industrial suppliers. Each industry will be given a separate pavilion that will specifically cater to the interest of their respective sector.

Augmenting growth prospects for a huge base of suppliers, IndiaMART INDEXPO is expected to have more than 50,000 visitors from across the country. Bringing together a host of participants from several sectors such as automobile manufacturers and automotive components suppliers, delegates from the steel industry, agro industry professionals, the trade show will help to explore business avenues in and around surrounding areas.

About IndiaMART.com

IndiaMART.com is India's largest online B2B marketplace connecting global buyers with suppliers through business directories, online product catalogs, buy-sell offers, industry specific marketplaces, printed media and trade shows participation.

Founded by Mr. Dinesh Agarwal (CEO), the company has a pan-India presence in over 100 cities. With over 3500 employees located across 71 offices in the country, IndiaMART.com offers an extensive range of value- added products and services to its 1 million registered members and nearly 5 million global buyers across various industries and verticals.

IndiaMART.com has won numerous awards over the years and has been widely covered by several media for its pioneering role in promoting SME business in the country. Its existing investors include Intel Capital and Bennett, Coleman & Co. Ltd.

For more information, please visit: www.indiamart.com/corporate/press-section


CONTACT DETAILS
Pawandeep Kaur, Manager - PR, IndiaMART, +91 (120) 3911000, pr@IndiaMART.com

KEYWORDS
CONSUMER, MARKETING, BUSINESS SERVICES, IT, MEDIA, TECHNOLOGY

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BWI: Wipro to Acquire SAIC’s Global Oil and Gas Information Technology Services Business

Press release from Business Wire India
Source: WIPRO
Friday, April 01, 2011 06:10 PM IST (12:40 PM GMT)
Editors: General: Consumer interest; Business: Banking & financial services, Business services, Energy companies, Information technology; Technology
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Wipro to Acquire SAIC's Global Oil and Gas Information Technology Services Business
Wipro Further Strengthens its Position as One of the Global Leading Information Technology Providers to the Oil & Gas Vertical

New York, United States and Bangalore, Karnataka, India, Friday, April 01, 2011 -- (Business Wire India) -- Wipro Technologies, the global IT business of Wipro Limited (NYSE:WIT), a leading Information Technology, Consulting and Outsourcing company, announced today that it has signed an agreement to acquire the Global Oil and Gas Information Technology practice of the Commercial Business Services business unit of Science Applications International Corporation (SAIC) [NYSE: SAI], for an all cash consideration of approximately US$ 150 million, subject to adjustments.

SAIC's Global Oil and Gas Information Technology practice provides Consulting, System Integration and Outsourcing Services to Global Oil majors with significant domain capabilities in the areas of Digital Oil Field, Petro-technical Data Management and Petroleum Application Services addressing the upstream segment.

As a result of the transaction, approximately 1,450 employees are expected to transition to Wipro across North America, Europe, India and Middle East.

Wipro's Energy, Natural Resources and Utilities Strategic Business Unit (SBU) is a high-growth SBU and this acquisition will further strengthen Wipro's leadership position. IT spend in this sector is expected to grow as customers increasingly look to grow newer streams of revenues, optimize their operational cost and find better ways to become environmentally conscious.

Anand Padmanabhan, Senior Vice President, Energy, Natural Resources and Utilities SBU, Wipro Technologies said, "Oil & Gas companies are investing in the upstream business while looking at rationalizing cost through IT. The acquisition of SAIC's Global Oil & Gas Information Technology practice will strengthen Wipro's existing Energy business unit in becoming a long term strategic partner in our customer's transformation journey. We are happy to have the SAIC team on board. Their domain consultancy and competencies significantly enhances Wipro's capabilities in the Upstream Oil & Gas space and further strengthens Wipro's position as an end to end leader in servicing customers."

"We are excited at the prospect of joining a company that has such a strong, strategic focus in multi-national commercial IT services," said Rex Ballard, Senior Vice President and General Manager of SAIC's Commercial Business Services business unit. "Bringing our skills and client base to Wipro increases our combined market potential and positions us to capitalize on commercial business opportunities across the full breadth of the oil and gas industry. The combined organization will give clients access to an enhanced portfolio of technologies and solutions and provide employees with increased opportunities for career development."

Completion of the acquisition is subject to customary closing conditions and regulatory approvals.

About Wipro Technologies

Wipro Technologies, the global IT business of Wipro Limited (NYSE:WIT) is a leading Information Technology, Consulting and Outsourcing company that delivers solutions to enable its clients do business better. Wipro Technologies delivers winning business outcomes through its deep industry experience and a 360 degree view of "Business through Technology" - helping clients create successful and adaptive businesses. A company recognized globally for its comprehensive portfolio of services, a practitioner's approach to delivering innovation and an organization wide commitment to sustainability, Wipro Technologies has 120,000 employees and clients across 54 countries.

For more information, please visit www.wipro.com

Forward-looking and Cautionary Statements

Certain statements in this release concerning our future growth prospects are forward-looking statements, which involve a number of risks, and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding fluctuations in our earnings, revenue and profits, our ability to generate and manage growth, intense competition in IT services, our ability to maintain our cost advantage, wage increases in India, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, restrictions on immigration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks, our ability to successfully complete and integrate potential acquisitions, liability for damages on our service contracts, the success of the companies in which we make strategic investments, withdrawal of fiscal governmental incentives, political instability, war, legal restrictions on raising capital or acquiring companies outside India, unauthorized use of our intellectual property, and general economic conditions affecting our business and industry. Additional risks that could affect our future operating results are more fully described in our filings with the United States Securities and Exchange Commission. These filings are available at www.sec.gov. We may, from time to time, make additional written and oral forward-looking statements, including statements contained in the company's filings with the Securities and Exchange Commission and our reports to shareholders. We do not undertake to update any forward-looking statement that may be made from time to time by us or on our behalf.

Media Contacts:

India:

Dirk Lewis
Wipro Technologies
+91- 7760983976
dirk.lewis@wipro.com

Purvika Anand
Gutenberg Communications
+91 9901134441
purvika@gutenbergpr.com

US:

Kathleen Ulrich
Wipro Technologies
+1 (732) 509-1337
kathleen.ulrich@wipro.com

Lavanya DJ
Gutenberg Communications
+1 (212).239.8740
lavanya@gutenbergpr.com

UK:

Rahul Kadavakolu
Wipro Technologies
+44 7920205496
rahul.kadavakolu@wipro.com

Olivia Benjamin
Gutenberg Communications
+44 7824997666
olivia@gutenbergpr.com



KEYWORDS
CONSUMER, BANKING, BUSINESS SERVICES, ENERGY, IT, TECHNOLOGY

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BWI: Ajai Chowdhry Awarded Padma Bhushan

Press release from Business Wire India
Source: HCL Infosystems Ltd
Friday, April 01, 2011 05:29 PM IST (11:59 AM GMT)
Editors: General: People; Business: Advertising, PR & marketing, Business services, Information technology, Media & entertainment; Technology
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Ajai Chowdhry Awarded Padma Bhushan


New Delhi, Delhi, India, Friday, April 01, 2011 -- (Business Wire India) -- Ajai Chowdhry, Founder, HCL and Chairman, HCL Infosystems, India's premier Hardware, Services and ICT System Integration, was today awarded the Padma Bhushan, one of the highest civilian recognition in the country, by The Hon'ble President of India, Smt. Pratibha Devisingh Patil at the official ceremony held at the Rashtrapati Bhavan. Ajai Chowdhry is one of the six founder members of HCL, India's original IT garage start-up founded in 1976, is today a Global Enterprise of over Rs. 24000 crores with a global headcount of 79000 people.

Ajai took over the reins of HCL Infosystems, the flagship company of the group, as President and CEO in 1994. He was appointed the Chairman of HCL Infosystems in November 1999. Under Ajai's stewardship, the company's turnover has grown to Rs. 12,221 crores from Rs. 400.6 crores in 1994. Employing over 7200 people, it has emerged as the country's information-enabling powerhouse.

Mr. Ajai Chowdhry has reacted, "When I got together with my friends 34 years back to start HCL, all we had was a barsati, some money and tons of passion. What we needed were people who will believe in this dream and join hands to take India on the world stage. We have come a long way and I would like to dedicate this recognition to my great country, my family of 79000 colleagues, numerous friends, partners and well-wisherswho have stood by me all these years."

HCL Infosystem Chairman Ajai Chowdhry led the list of this year's awardees named for the government's civilian 'Padma Bhushan' award, among the representatives of trade and industry. In the list of 128 awardees for Padma Vibhushan, Padma Bhushan and Padma Shri announced by the home ministry, members of trade and industry were represented in equal measure, accounting for some dozen honours.

The recognition adds yet another feather in his cap, after the recent Honoris Causa Doctorate of Science (D. Sc.) by the Indian Institute of Technology (IIT) Roorkee, for his remarkable contribution to the Indian IT industry. He was nominated by the The Hon'ble President of India to be the Chairman of the Board of Governors, IIT Hyderabad in 2009. He has worked closely with the Government to take the cause of 'IT for the masses' forward and has been on several Government committees on IT, Electronics and Hardware. Under his leadership in 2009 'The IT Task Force' set up by the Ministry of IT & Communications, Government of India, submitted a comprehensive report to the Government. Mr. Chowdhry has also chaired the CII's National Committee for IT, ITES & E-Commerce, where he actively encouraged the deployment of IT in Indian SME sector (Small & Medium Industry), to increase their productivity and to make them globally competitive.

About HCL Infosystems Ltd:

HCL Infosystems Ltd, with revenue (LTM) of US$ 2.6 billion (Rs. 12, 221 crore) is India's premier hardware, services and ICT systems integration company offering a wide spectrum of ICT products that includes Computing, Storage, Networking, Security, Telecom, Imaging and Retail. HCL is a one-stop-shop for all the ICT requirements of an organisation. India's leading System Integration and Infrastructure Management Services Organisation, HCL has specialised expertise across verticals including Telecom, BFSI, eGovernance & Power. HCL has India's largest distribution and retail network, taking to market a range of Digital Lifestyle products in partnership with leading global ICT brands, including Apple, Cisco, Ericsson, Kingston, Kodak, Konica Minolta, Microsoft, Nokia, Toshiba, and many more. HCL today has India's largest vertically integrated computer manufacturing facility with over three decades of electronic manufacturing experience & HCL desktops is the largest selling brand into the enterprise space. With India's largest ICT services network that reaches to every corner of India, HCL's award winning Support Services makes it the preferred choice of enterprise and consumers, alike. HCL Infosystems has a 100% subsidiary that addresses the physical security technology system integration market. The subsidiary leverages technology to build a security framework called 'Safe State' that safe guard's life, infrastructure & society. For more information please visit us at www.hclinfosystems.in.

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

Mr. Ajai Chowdhry, Founder, HCL and Chairman, HCL Infosystems receiving the Padma Bhushan award from The Hon'ble President of India, Smt. Pratibha Devisingh Patil
For picture(s)/data to illustrate this release click below:

http://www.BusinessWireIndia.com/attachments/pic(122).jpg
pic(122).jpg


CONTACT DETAILS
Ashutosh Bhattacharya, Head - Corporate Communications, HCL Infosystems Ltd, + 91 9811920415, ashutosh.bhattacharya@hcl.in

KEYWORDS
PEOPLE, MARKETING, BUSINESS SERVICES, IT, MEDIA, TECHNOLOGY

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BWI: YuppTV Hosts Online Premier of Bollywood Movie F.A.L.T.U

Press release from Business Wire India
Source: Global Takeoff Inc.
Friday, April 01, 2011 04:24 PM IST (10:54 AM GMT)
Editors: General: Consumer interest, Entertainment, People; Business: Advertising, PR & marketing, Business services, Information technology, Media & entertainment, Retailers, Telecommunications; Technology
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YuppTV Hosts Online Premier of Bollywood Movie F.A.L.T.U
Global Takeoff and Zee Communications Partner to Host First Global Online Premier of Hindi Movie F.A.L.T.U

New Delhi, Delhi, India, Friday, April 01, 2011 -- (Business Wire India) -- Global Takeoff Inc., a leading global provider of converged digital entertainment and advertising solutions, today announced that in partnership with Zee Communications, it will release the premier of the movie F.A.L.T.U online to a worldwide audience through YuppTV.

F.A.L.T.U starring Jackky Bhagnani and Puja Gupta will hit the theatres on the April fool's day. YuppTV will premiere the movie online on the same day and make it available for viewing on TVs, personal computers, smartphones and other internet enabled devices starting at 4pm GMT for $2.89 with 24-hour subscription validity.

"Indians residing overseas have to pay a high price to watch a film - while here in India entertainment is still affordable," said Producer Mr. Vashu Bhagnani. "This move will not only generate revenues, but also reduce the eventual, but irrepressible piracy issues."

"We choose Global Takeoff as our media partner for this opportunity because of its innovative platform that enables live TV and video on-demand to millions of internet-enabled devices across the globe," said Mr. Vishal Malhotra of Zee Communications.

"With this premier release, producers can utilize the internet's potential to reach the ever increasing online audience worldwide. NRIs will now get a chance to sit back and watch the movie at home at their own convenience - and at a very affordable price", said Uday Reddy, founder and CEO of Global Takeoff.

Since its commencement in 2006, Global Takeoff has been committed to offer varied web based technologies that cater to all. It provides consumers with the convenience of a virtual home environment; companies with maximum global reach; and content providers, broadcasters with ideal platforms and services to launch their content easily and economically.

About YuppTV

YuppTV.com launched in 2008 and quickly became one of the world's leading portals for Indian programs with distribution rights to more than 30 Indian TV channels. In 2010, YuppTV.com expanded the company's internet TV service to smartphones and Connected TVs. The service currently has one of the industry's highest content usage per subscriber.

YuppTV's converged OTT platform-as-a-service,can be used by content providers, broadcasters and telecom/mobile operators. Its avant-garde technology allows content to be integrated on its platform almost instantly. Content providers with legal and quality streams can integrate their content on to a customized platform and increase revenues and viewership. With no local installation required, this service provides a secure, pre-built customizable platform, which delivers video to a broad set of devices- TVs, PCs, smartphones and other internet-enabled devices. The platform can deliver live and on-demand video to up to 1 billion internet-enabled devices.

About Global Takeoff

Global Takeoff is a leading global provider of converged digital entertainment and advertising solutions. The company's products provide a combination of technologies that enable consumers the convenience of a virtual home environment, companies with maximum global reach and content providers with ideal platforms and services to launch their content easily and economically. The company enables live TV and video on-demand to millions of internet-enabled devices across the globe. Founded in 2006, Global Takeoff is headquartered in Atlanta, Georgia with offices in India. For more information, visit www.globaltakeoff.com.

All trademarks and registered trademarks in this document are the properties of their respective owners.





CONTACT DETAILS
T Anand Mahesh, Mavcomm Consulting (P) Ltd., +91 9870716285, anand@mavcommgroup.com
Neeraj Atri, Mavcomm Consulting (P) Ltd., +91 9811714871, n.atri@mavcommgroup.com

KEYWORDS
CONSUMER, ENTERTAINMENT, PEOPLE, MARKETING, BUSINESS SERVICES, IT, MEDIA, RETAIL, TELECOMMUNICATIONS, TECHNOLOGY

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