Wednesday, December 5, 2012

BWI: MBC Group to Establish New High-Tech Production Facilities in Dubai Studio City

Press release from Business Wire India
Source: Business Wire
Wednesday, December 05, 2012 03:05 PM IST (09:35 AM GMT)
Editors: General: Consumer interest, Entertainment; Business: Construction, Media & entertainment, Real estate
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(BW)(DUBAI-STUDIO-CITY)MBC Group to Establish New High-Tech Production Facilities in Dubai Studio City


Dubai, United Arab Emirates, Wednesday, December 05, 2012 -- (Business Wire India) --

Dubai Studio City and MBC Group signed a strategic partnership agreement, for enhancing content creation for TV and film production in the Middle East and North Africa. MBC group will start its new production facility at one of the prime sound studios at Dubai Studio City, designed based on international standards and world class qualities. The new partnership will also strengthen the cooperation between the two, especially in the media content development and growth of cultural and creative industries in the region.

Dr Amina Al Rustamani, CEO, TECOM Business Parks, commented on the partnership saying:

"It is with no doubt that such a partnership with a leading media group that has a long track record of success in the content creation industry like 'MBC Group', will inevitably serve the best of developing and enriching the TV and film content. This step will also help to enhance and boost the media environment so far created in Dubai. This strategic partnership will attract and develop local competencies and expertise from various specialties of the production process, which will enable Dubai to become the perfect destination that meets the needs the TV and film production industry in the Middle East."

Sam Barnett, CEO of MBC Group, stressed the importance of this step as a milestone in a long track record of 21 years of success of the group, saying:

"MBC Group today strengthens its expertise in media content production, with its new production company 'O3 production' at Dubai Studio City, where the City is equipped with the latest facilities, technologies, and talents, that match the efficiency and capacity of the largest international production studios. This will contribute a lot to the development of local content, whether it is entertainment or education content, and promotes it towards a new dimension of success, especially with the Stargate global production technology of simulation visual multidimensional, that is considered one of the added values to the MBC."

*Source: ME NewsWire

The press release can be viewed online: http://www.me-newswire.net/news/6543/en



CONTACT DETAILS
CONTACTS :

for Dubai Studio City
Nick Farmer, 00971555594719
Account Director
nfarmer@bell-pottinger.co.uk

KEYWORDS
CONSUMER, ENTERTAINMENT, CONSTRUCTION, MEDIA, REAL ESTATE

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BWI: Maveric Systems Establishes Delivery Centre in Mumbai

Press release from Business Wire India
Source: Maveric Systems
Wednesday, December 05, 2012 12:22 PM IST (06:52 AM GMT)
Editors: General: Entertainment, People; Business: Business services, Information technology, Telecommunications; Technology
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Maveric Systems Establishes Delivery Centre in Mumbai
Plans to recruit 150 people for its Mumbai operations in FY 13; strengthens its new avatar of "Assurance Services Provider"

Chennai, Tamil Nadu, Mumbai, Maharashtra, India, Wednesday, December 05, 2012 -- (Business Wire India) -- Maveric Systems, a leading provider of Assurance Services across the technology adoption lifecycle, has expanded its operations in Mumbai with the opening of a delivery centre in the city. Located in Andheri East, Mumbai, this will be the company's second delivery centre in the country, the first being in Chennai. The company plans to recruit close to 150 people in FY 13 for its Mumbai operations. (Maveric currently has about 80 employees in Mumbai and a total headcount of 800.)

A leading global independent software testing specialist, Maveric recently (October 2012) unveiled its new corporate positioning - "Assurance Services Provider". Moving up the value chain, Maveric is now focusing on 'defect prevention' apart from 'defect detection' (Software Testing) and partnering its clients across the entire IT adoption lifecycle. In its new avatar, Maveric offers Testing and Assurance Services for the BFSI and Telecom vertical. With its enhanced services portfolio comprising Program Assurance, Process Assurance and Application Assurance services, the company is gearing up to tap the global Assurance market which is estimated to be about USD 39 billion.

Speaking on the occasion, Mr. Ranga Reddy, CEO & Co-founder, Maveric Systems, said, "With significant client wins in Mumbai, over the last one year, in the Banking and Insurance space, we are excited to build a strong local delivery team in the city. Consequently, we have aggressive recruitment plans for the region this year. Our Mumbai team will be an important engine for the growth of our recently launched Assurance Services."

Maveric is targeting USD 14 million over the next 36 months from its new Assurance Services. Over the next 36 months, the new services lines are expected to contribute about 30% of the company's overall topline. Software Testing will continue to be Maveric's base, amounting to 70% of its revenue.

About Maveric Systems

Started in 2000, Maveric Systems is a leading provider of Assurance Services across the technology adoption lifecycle, with a strong focus on the BFSI and Telecom sector. Founded with a focus on software testing, Maveric has built a business on the principles of independence, vertical focus and innovation. Maveric's client portfolio includes a wide array of renowned banks, financial institutions, insurance companies, leading software product companies and telecom companies. Headquartered in Chennai, the company has offices in Mumbai, Bangalore, Dubai, Riyadh, London, New Jersey, Singapore and Kuala Lumpur. Maveric has a dedicated global offshore delivery centre and a Testing R&D lab in Chennai. For more information, please visit: http://www.maveric-systems.com/.



CONTACT DETAILS
Sangeetha Mohan, Maveric Systems, sangeethamohan@maveric-systems.com
Nikhila Kesavan, 20:20 MSL, +91 9840124036, nikhila.kesavan@2020msl.com
Avinash Kagava, 20:20 MSL, +91 9003116691, avinash.kagava@2020msl.com

KEYWORDS
ENTERTAINMENT, PEOPLE, BUSINESS SERVICES, IT, TELECOMMUNICATIONS, TECHNOLOGY

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BWI: Rapaport - Certified Diamond Prices Decline 0.7% in November

Press release from Business Wire India
Source: Rapaport Group
Wednesday, December 05, 2012 11:28 AM IST (05:58 AM GMT)
Editors: General: Consumer interest, Economy, Fashion; Business: Business services, Commodities & materials, Financial Analyst, Major diversified industrial groups, Retailers, Stock exchanges
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Rapaport - Certified Diamond Prices Decline 0.7% in November


New York, United States, Wednesday, December 05, 2012 -- (Business Wire India) -- Certified polished diamond prices edged down in November as the holiday season started with mixed prospects for the jewelry sector. Diamond dealers were active but retailers continue to efficiently manage sufficient inventories, with little promise for significant restocking in the New Year.

Superstorm Sandy and the presidential elections impacted U.S. sentiment at the start of the month but spending improved over the Thanksgiving weekend, despite the unresolved fiscal cliff negotiations. There are rising concerns that potential tax increases will reduce luxury spending. Global economic uncertainty continues to impact jewelry sales in China, particularly mid-to-high-end purchases. India's Diwali festival was satisfactory for jewelers but high rupee-based gold prices have since reduced spending.

The RapNet Diamond Index (RAPI) for 1 ct. diamonds fell 0.7 percent during November 2012. RAPI for 0.3 ct. stones was down 0.1 percent for the month, while RAPI 0.5 ct. diamonds declined 0.7 percent. RAPI for 3 ct. stones dropped 0.6 percent.

During the first 11 months of 2012, RAPI for 1 ct. diamonds fell 12.5 percent. The index is down 13.6 percent from one year ago.

RapNet Diamond Index (RAPI T)

According to the just-released Rapaport Research Report, "Holiday Promise," polished diamond markets were active in November. There is decent demand for VS2-SI clarity goods and strong demand for small size fancy shapes as price sensitive buyers shifted to lower price points.

Rough trading has been relatively quiet as Indian diamond cutting factories were closed for most of November during the Diwali festival and subsequent wedding season. Rough prices held relatively firm during the month as De Beers and ALROSA reduced supply. Small and mid-size mining companies noted improved prices following a weak third quarter.

Diamond markets are expected to continue to tread cautiously in the short term with December trading focused on filling last-minute orders before the end-of-year quiet period. Holiday sales may deplete some retail inventory and jewelers are unlikely to start significant inventory build-up in January. While the diamond market searches for a bottom, trading is expected to continue at the slightly depressed levels that have been prevalent for most of 2012.

Read the Rapaport Research Report, "Holiday Promise", attached or at www.diamonds.net/reports or email: specialreports@diamonds.net .

About the Rapaport - RapNet Diamond Index (RAPI): The RAPI is based on the average asking price in ‎hundred $/ct. for the top 25 quality 1 ct. round diamonds (D-H, IF-VS2, RapSpec-2 and better) with GIA ‎grading reports offered for sale on RapNet - Rapaport Diamond Trading Network. The RAPI is provided for ‎various sizes. www.RAPNET.com has daily listings of over 990,000 diamonds valued over US$6.1 billion and ‎‎7900 members in 80 countries.

About the Rapaport Group: The Rapaport Group is an international network of companies providing added ‎value services that support the development of free, fair, efficient and competitive global diamond markets. ‎Established in 1978, the Rapaport Diamond Report is the primary source of diamond prices and market ‎information. Group activities include publishing, research and marketing services, internet information and ‎diamond trading networks, global rough and polished diamond tenders, diamond certification, quality- ‎control, compliance, shipping, and financial services. Major activities of the group include the development ‎of markets for Fair Trade Diamonds and Jewelry as well as the creation of diamond futures markets. ‎Additional information is available at www.Rapaport.com .‎

Martin Rapaport (Publisher) grants limited permission to use copyrighted data appearing in this press release ‎in and in conjunction with journalistic copy, reporting or articles concerning diamond pricing and information ‎in graph or data presentation format only. The following credit notice must appear alongside, underneath, or in ‎close proximity to any use of the copyrighted data: "Used with permission of Rapaport USA, Inc. Copyright © 2012 ‎Martin Rapaport. All rights reserved."‎

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

http://www.BusinessWireIndia.com/attachments/RapNet_Diamond_Index.pdf
RapNet Diamond Index


CONTACT DETAILS
Shira Topiol (International), Rapaport, +1-702-425-9088, media@diamonds.net
Sherri Hendricks (U.S.), Rapaport, +1-702-893-9400, media@diamonds.net
Manisha Mehta (Mumbai), Rapaport, +91 9769930065, media@diamonds.net

KEYWORDS
CONSUMER, ECONOMY, FASHION, BUSINESS SERVICES, COMMODITIES, Financial Analyst, GROUPS, RETAIL, STOCK EXCHANGES

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Tuesday, December 4, 2012

BWI: Shell Helix Sets the Standard in Biofuels Compatibility

Press release from Business Wire India
Source: Shell Lubricants
Tuesday, December 04, 2012 06:08 PM IST (12:38 PM GMT)
Editors: General: Consumer interest, Entertainment, People; Business: Business services, Energy companies; Technology
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Shell Helix Sets the Standard in Biofuels Compatibility
Shell Helix Ultra 5W-30 and 5W-40 are among the first engine oils to meet new ACEA 2012 specifications

New Delhi, Delhi, India, Tuesday, December 04, 2012 -- (Business Wire India) -- Shell today announces that Shell Helix Ultra 5W-30 and Shell Helix Ultra 5W-40 have met the European Automobile Manufacturers Association (ACEA)'s latest specifications for engine oil performance.

In order to adhere to the ACEA's new A3/B4 2012 requirements, the products underwent a series of rigorous tests. As in previous years, these tests assessed their performance in a variety of areas, including engine protection and fuel economy. For the first time, however, the oils also went through a new CEC L-105 Low-Temperature Pumpability test. This analysed their performance in the presence of a biofuel, reflecting the growing importance of these fuels in the energy mix.

Both Shell Helix Ultra 5W-30 and Shell Helix Ultra 5W-40 performed strongly during each element of the ACEA testing process and were judged to work as effectively with biofuels as with regular gasoline or diesel.

Richard Dixon, Shell Helix Technology Manager, said:

"Shell Helix Ultra 5W-30 and 5W-40 are among the first engine oils to meet the new ACEA 2012 specifications, underlining Shell's commitment to offering our lubricants customers the same high-level of performance and protection no matter what type of fuel they use."

Global mandates for reducing CO2 emissions across the road transport sector mean that biofuels have an important role to play in powering the vehicles of the future. However, they have also been shown to have a potentially negative effect on engine efficiency and longevity; a challenge that Shell takes extremely seriously.

Dr Dixon added:

"In the future, biofuels will be an increasingly vital part of the energy mix, so it is up to companies like Shell to develop lubricants that offer high levels of performance and protection when used alongside them. The fact that Shell Helix Ultra 5W-40 and 5W-30 continue to meet the evolving performance specifications such as those set by ACEA should reassure our customers that they will do exactly that."

Notes to Editors

Helix Ultra Delivers Performance against Latest Industry Specifications

Global mandates for CO2 reduction are driving massive change across the transportation industry, both in terms of vehicle efficiency and through the energy sourcing mix. This is reflected in global legislation towards reducing tail pipe CO2 emissions and increasing alternative fuel usage through bio-derived components.

Despite CO2 benefits, biofuels blended in gasoline and diesel can affect engine operating efficiency and longevity. This provides substantial concern for Europe's automotive producers, who through the release of the 2012 ACEA oil sequences, look to engine lubricant manufacturers to provide enhanced protection for the current and future vehicle fleet via bio fuel compatible formulations.

The 2012 ACEA oil sequences are specifically designed to protect against biofuel related issues whilst maintaining existing performance targets such as fuel economy. This is achieved through a demanding combination of new test methods and more stringent iterations of previous metrics.

Shell Helix Ultra 5W-40 and 5W-30 meet the requirements of the new ACEA 2012 sequence, for example the requirements of the new CEC L-105 Low-Temperature Pumpability test in the presence of biofuel.

ABOUT SHELL LUBRICANTS:

The term "Shell Lubricants" collectively refers to Shell Group companies engaged in the lubricants business. Shell sells a wide variety of lubricants to meet customer needs across a range of applications. These include consumer motoring, heavy-duty transport, mining, power generation and general engineering. Shell's portfolio of lubricant brands includes Pennzoil, Quaker State, Shell Helix, Shell Rotella, Shell Tellus and Shell Rimula. We are active across the full lubricant supply chain. We manufacture base oils in eight plants, blend base oils with additives to make lubricants in over 50 plants, distribute, market and sell lubricants in over 100 countries. We also provide technical and business support to customers. We offer lubricant-related services in addition to our product range these include: Shell LubeMatch -the market leading product on-line recommendation tool, Shell LubeAdvisor - helps customers to select the right lubricant through highly trained Shell technical staff as well as online tools and Shell LubeAnalyst - early warning system that enables customers to monitor the condition of their equipment and lubricant, helping to save money on maintenance and avoid potential lost business through equipment failure. Shell's world-class technology works to deliver value to our customers. Innovation, product application and technical collaboration are at the heart of Shell lubricants. We have leading lubricants research centres in Germany, Japan (in a joint venture with Showa Shell), the UK and the USA. We invest significantly in technology and work closely with our customers to develop innovative lubricants. We have a patent portfolio with 150 + patent series for lubricants, base oils and greases; more than 200 scientists and lubricants engineers dedicated to lubricants research and development. Customer benefits include lower maintenance costs, longer equipment life and reduced energy consumption. One of the ways we push the boundaries of lubricant technology is by working closely with top motor racing teams such as Scuderia Ferrari. These technical partnerships enable us to expand our knowledge of lubrication science and transfer cutting-edge technology from the racetrack to our commercial products.

Shell is recognised as the world's leading lubricants company by the tenth annual Kline and Company report on the global lubricants sector ("Global Lubricants Industry 2011: Market Analysis and Assessment"), which confirmed that Shell maintained its volume leadership position during 2011, enjoying a 13% market share.



CONTACT DETAILS
Dhira Deka, 20:20 MSL, +91 9654450269, Dhira.deka@2020msl.com

KEYWORDS
CONSUMER, ENTERTAINMENT, PEOPLE, BUSINESS SERVICES, ENERGY, TECHNOLOGY

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BWI: Series Poised Delicately as Both Teams Resume Battle at the Eden Gardens

Press release from Business Wire India
Source: ESPN STAR Sports
Tuesday, December 04, 2012 05:45 PM IST (12:15 PM GMT)
Editors: General: Consumer interest, Entertainment, People, Sports; Business: Business services, Media & entertainment, Sports
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Series Poised Delicately as Both Teams Resume Battle at the Eden Gardens


Kolkata, West Bengal, India, Tuesday, December 04, 2012 -- (Business Wire India) -- STAR Cricket's eminent Hindi presentation panel consisting of cricket experts and legends of the game like Kapil Dev, Navjot Singh Sidhu, Sourav Ganguly, Wasim Akram, Ramiz Raza and Arun Lal claimed that the rest of the England tour and the upcoming tours of Pakistan and Australia will pose an acid test for this new look Team India. For starters, Team India will have to fight hard in Kolkata and Nagpur to ensure that we come up triumphant in this engaging Test series.

Speaking on the occasion, Aloke Malik, Managing Director, ESPN Software India Pvt Ltd, said, "We are in the middle of a very exciting and close test series. As the official broadcaster, we are delighted with the response this series has generated. We are completely sold out on our advertising inventory front."

"STAR Cricket's Hindi presentation has also been accepted very positively by the people and our initial research indicates that we are on the right track. 85% of the core cricket viewers prefer to watch Hindi commentary on TV. We believe that our world class Hindi presentation and commentary will significantly impact viewership" added Aloke.

STAR Cricket's panelist Navjot Singh Sidhu in his inimitable style added, "Take pride out of a man and he is like an umbrella without the ribs. Honor is the spur that pricks the princely mind. This series is about honor, about pride, about sustaining a good name that they have kept for years but could slip away in a moment. It is about defending an impregnable fort which has developed cracks. Defend it well for nothing deflates as fast as a punctured reputation. Naam hi kho diya toh kidhar jaoge, pehchan khodi toh bikhar jaoge. A good name is worth all the riches in life."

Former India captain and STAR Cricket commentator, Kapil Dev, said, "The Indian team will have a lot to prove given that they lost on a pitch that suited Indian playing styles more than the English. Dhoni and his team will be under lots of pressure and they will have to show strength of character to come out of this on a winning note. I don't recall for a long time any overseas team visiting India with two such quality spinners who exploited the conditions so well. The 3rd test match would be very interesting and might determine the outcome of the series. It will be a true 'pariksha' for this new Team India."

Stylish southpaw and former Captain of India, Sourav Ganguly, added, "India went in with 3 spinners but I don't think Dhoni utilised their services efficiently. Also, I was disappointed with the way our batsmen approached the English spinners. We need to concentrate better and use our feet more often to deny Panesar and Swann any advantage. I am still confident that Dhoni will dig deep and lead his team strongly. Team India seniors including Sehwag, Gambhir and Sachin will also have to pitch in with strong performances if India wants to win this series."

Former Pakistan Captain, Ramiz Raza, added, "I loved every bit of the first two test matches. Two strong teams adapting to different conditions and competing hard is a perfect recipe for a block buster series like this. It will be interesting to note how the pitch will behave in this test match. Remember, India won the toss and still lost on a turning track. "

Former Indian opener, Arun Lal, said, "I think that this series has been a brilliant advertisement for test cricket. India expectedly used their home strength to win the first one but England showed spirit and resilience and outplayed India comprehensively in the second. Dhoni and his men will have to regroup fast. The Indian spinners will also have some serious introspection to do and rethink their bowling strategy before the third test."

The current India England test series is being telecast on STAR Cricket in Hindi while STAR Sports and STAR Cricket HD are showcasing the series in English. India will take on England in 2 T20s immediately after the Test series. Later this month, arch rivals Pakistan will tour India for 2 T20s and 3 ODIs. England will return to India to play 5 ODIs in month of January 2013. Immediately afterwards, India will take on Australia in a 4 Test series starting February 2013. Catch all the action on STAR Cricket in Hindi and in English on STAR Sports and STAR Cricket HD.

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

From Left to Right - Mr. Aloke Malik, MD ESPN Software India , Navjot Singh Sidhu, Kapil Dev, Ramiz Raza, Arun Lal, and Sourav Ganguly
For picture(s)/data to illustrate this release click below:

http://www.BusinessWireIndia.com/attachments/IMG_1(47).JPG
IMG_1(47).JPG


CONTACT DETAILS
Sameer Bajaj, ESPN Software India Pvt Ltd, +91 9811222700, sameerb@espnstar.co.in
Supriya Gupta, ESPN Software India Pvt Ltd, +91 9899552515, supriyaG@espnstar.co.in
Monish Mazumdar, IPAN H+K Strategies, +91 9810542491, Monish.Mazumdar@hkstrategies.com
Sukriti Kalra, IPAN H+K Strategies, +91 9910393262, Sukriti.Kalra@hkstrategies.com

KEYWORDS
CONSUMER, ENTERTAINMENT, PEOPLE, SPORTS, BUSINESS SERVICES, MEDIA

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