Press release from Business Wire India
Source: Lufthansa
Wednesday, May 01, 2013 06:06 PM IST (12:36 PM GMT)
Editors: General: Consumer interest, Entertainment, Food & drink, People; Business: Business services, Hospitality, Media & entertainment
--------------------------------------------------
The Queen of Spices Crowned in Lufthansa Star Chef Contest
Winner recipe to feature in Lufthansa flights and The Leela restaurants
Mumbai, Maharashtra, India, Wednesday, May 01, 2013 -- (Business Wire India) -- Vandana Sethi was declared the Grand Prize winner of Lufthansa Star Chef Contest in a zesty Grand Finale at The Leela, Mumbai last week where 11 aspiring chefs, selected from thousands of contestants across India, vied for top honours in a live cook-out.
Vandana won the battle of taste with her recipe for Khoye ki Subzi, which will feature in the celebrated Star Chef Menu onboard Lufthansa flights from India and at select restaurants at The Leela.
This contest began as a unique talent hunt on Lufthansa India Facebook page to find the best original Indian recipe. The finalists emerged through a Facebook poll of the best recipes selected by the celebrated Star Chef jury comprising Master Chefs Kunal Kapur, Surender Mohan, and Thomas Brockenauer, all known for their culinary excellence and innovation. "Each recipe was creative, original and delicious. Vandana's innovative entrée was a clear winner as she stayed true to India's culinary traditions," commented MasterChef Kunal Kapur.
"The power of social media helped us listen to our customers, celebrate India's vast culinary heritage and customize the overall experience of our passengers," said Axel Hilgers, Lufthansa South Asia Director.
"The overwhelming response from around the country reinforces the success of this initiative. We are delighted to enrich the experience of Lufthansa's discerning passengers," said Rajiv Kaul, President, The Leela Palace, Hotels & Resorts.
Vandana Sethi will fly to Frankfurt for a holiday and visit the LSG Sky Chefs facility in Germany. She also wins a coveted internship at The Leela Group for three months.
About Lufthansa in India
Lufthansa is the leading European carrier operating in India. Last year, the carrier completed 53 years of operations in the country. In India, Lufthansa offers 46 weekly flights from 5 Indian destinations in the current summer flight schedule. With affiliates SWISS and Austrian Airlines, 66 weekly flights from 5 Indian destinations are on offer to Frankfurt, Munich, Zurich and Vienna in the current summer flight schedule. Together, the passenger airlines of the Lufthansa Group - Austrian Airlines, Brussels Airlines and SWISS, collectively serve 285 destinations in 102 countries via their hubs at Brussels, Dusseldorf, Frankfurt, Munich, Vienna and Zurich. Lufthansa German Airlines is a founding member of Star Alliance and has developed one of the most comprehensive alliance networks in the industry.
CONTACT DETAILS
Sangeeta Sharma, Manager Marketing Communications, +91 (124) 4888803 / +91 9811054102, sangeeta.sharma@dlh.de
KEYWORDS
CONSUMER, ENTERTAINMENT, FOOD, PEOPLE, BUSINESS SERVICES, HOSPITALITY, MEDIA
If you wish to change your Business Wire India selection please click on this link http://www.businesswireindia.com/media/news.asp and use your personal username and password to login.
Submit your press release at http://www.businesswireindia.com
Wednesday, May 1, 2013
BWI: Logistics Executive Group Announces a Major Partnership in India with Milestone Consulting Group
Press release from Business Wire India
Source: Milestone Consulting Group
Wednesday, May 01, 2013 04:51 PM IST (11:21 AM GMT)
Editors: General: Consumer interest, People; Business: Accounting & management consultancy services, Business services, Major diversified industrial groups, Transport engineering
--------------------------------------------------
Logistics Executive Group Announces a Major Partnership in India with Milestone Consulting Group
Mumbai, Maharashtra, India, Wednesday, May 01, 2013 -- (Business Wire India) -- Australian-owned specialist Executive Search firm, Logistics Executive Group today, announced a partnership with Milestone Consulting Group India.
Logistics Executive has been proud to serve customers in India since the opening of its India operations in Mumbai in February 2010.
Throughout that time, the Logistics Executive Group has continually looked to introduce new services and offices to meet the increasing market demands for Executive Search and Recruitment services with strong international practices. The desire to do so has led to the formal partnership with the Milestone Consulting Group.
Three New Offices in Mumbai, Delhi and Chennai
This partnership will significantly expand the current footprint of Logistics Executive India with new offices to be opened in Mumbai, Delhi and Chennai.
Along with ramped up operations, the partnership will allow Logistics Executive India to offer an enhanced range of services including Accredited Training, Specialist Learning and Development programs, HR Talent Mapping, Recruitment Process Outsourcing, Business Intelligence and Supply Chain consulting.
"We are delighted to announce the partnership with Milestone Consulting and the opening of our new offices," said Mr. Kim Winter, Group CEO for Logistics Executive Group.
Mr. Winter went on to say that "With Logistics and Supply Chain being a key driver of growth in Indian economy, the timely investment in this partnership will set a platform for enhanced international Indian and MNC companies in India to take advantage of these opportunities by ensuring their staff development and talent programs world class and they can compete on a global stage".
Logistics Executive India to be headed by Mr. LR Sridhar
The new venture, Logistics Executive India will be led by LR Sridhar, who is Managing Director for India and Subcontinent, was the founder of the Milestone Consulting Group.
Mr. LR Sridhar over four decades has been a leading figure in the development of India's Logistics and Supply Chain sector. He brings a track record of success in express cargo, international freight forwarding, port operations and bulk, containerized cargo. Mr. Sridhar has held senior executive leadership positions with Sical Logistics Group, TNT Skypak, SembCorp Logistics, AFL (now Fedex) and Lemuirhead.
Until recently, Mr. Sridhar was Advisor Logistics a
nd Infrastructure with Welspun Group World's top three manufacturers of Steel industrial products. Currently,
Mr. Sridhar is the Managing Trustee of MILE Foundation, an education and training provider to shipping and logistics industry and is the founder & CEO of Milestone Consulting Group.
"This is an exciting time for us" said Mr. Sridhar. "The opportunity to truly integrate training and internships to job placement and to be better positioned to develop Executive talent whilst helping to drive business and supply chain performance through our real time Business Consulting and 4PL services for Logistics and Supply Chain Management sector is a unique service offering in India".
This partnership will enable us bring in the extensive global expertise and the networking capabilities through Logistics Executive, particularly since the Logistics & Supply Chain Management business drivers are no longer just local but global.
Throughout our business consulting projects we are everyday reminded of the importance of up-skilling of Executive talent and the need for a greater focus in this area, this partnership offers support to this to degree not seen in India in the past" says Mr. Sridhar.
The bringing together this market leading expertise under one roof will offer the Indian market world class best practice services including specialist Executive Recruitment, Training and Business Consulting for the Logistics, Supply Chain, Transport, Freight, Aviation, Manufacturing, FMCG, Pharma-Healthcare and Resources sectors.
The company will celebrate the new partnership in a series of Executive CEO Briefings to commence in Mumbai on the 30 April 2013.
About Logistics Executive Group
Logistics Executive is an acknowledged industry leader since 1999, offering a range of specialist Human Resources talent related services for the Supply Chain & Logistics sectors including Executive Search, Recruitment, Training and Consulting.
With its head office in Sydney, Australia the company has offices across Australia, Singapore, Hong Kong, India, China and the Middle East and is located in the key international logistics hubs. Logistics Executive has built a strong reputation for providing sound advice and strategically working with clients to develop successful models for national and international executive talent attraction, development and retention.
Logistics Executive partners with a wide range of clients including; multinational corporations, entrepreneurial businesses, private equity firms, promoter owned companies and non-profit organizations. Logistics Executive offers tailored services ranging from Executive Recruitment, and Interim Management, to Leadership Development Programs, Succession Planning, Talent Mapping, Organisational Design and Recruitment Process Outsourcing.
Logistics Executive offers market-leading, global connections and drives business performance in the Logistics, Supply Chain, Transport, Freight, Aviation, Ports, Manufacturing, Retail, FMCG, Pharma-Healthcare and Resources sectors.
www.LogisticsExecutive.com
About Milestone Consulting Group
Milestone Consulting Group is a Business consulting and 4PL service provider based in Chennai, India with branches in Mumbai, Delhi and Bangalore.
Milestone Consulting Group serves to assist in driving company performance. Be it strategy, structuring, operations design, scale-up or M&A, it takes hands-on expertise in real-world logistics and supply chains guarantees that your business proposition doesn't get stuck in promise, but delivers on performance.
Through Mile Academy We provide World-Class institutionalized training for aspiring young talent to have their career in Logistics and Supply Chain Industry and also provide training for the existing professionals of logistics & SCM industry for talent enrichment and Upgradation of skill and Knowledge of the Sector.
www.milestoneconsulting.in
To view the photograph, please click on the link given below:
"LR Sridhar, Founder & CEO, Milestone Consulting Group, speaks as Darryl Judd, CEO, Logistics Executive, and Abhijit Chaudhuri, Director, Milestone Consulting Group, look on, at the launch of Logistics Executive India in Mumbai"
For picture(s)/data to illustrate this release click below:
http://www.BusinessWireIndia.com/attachments/IMG_1(165).jpg
IMG_1(165).jpg
CONTACT DETAILS
LR Sridhar, Founder CEO, Milestone Consulting Group, +91 9840821818, lr.sridhar@milestoneconsulting.in
KEYWORDS
CONSUMER, PEOPLE, CONSULTANCY SERVICES, BUSINESS SERVICES, GROUPS, TRANSPORT
If you wish to change your Business Wire India selection please click on this link http://www.businesswireindia.com/media/news.asp and use your personal username and password to login.
Submit your press release at http://www.businesswireindia.com
Source: Milestone Consulting Group
Wednesday, May 01, 2013 04:51 PM IST (11:21 AM GMT)
Editors: General: Consumer interest, People; Business: Accounting & management consultancy services, Business services, Major diversified industrial groups, Transport engineering
--------------------------------------------------
Logistics Executive Group Announces a Major Partnership in India with Milestone Consulting Group
Mumbai, Maharashtra, India, Wednesday, May 01, 2013 -- (Business Wire India) -- Australian-owned specialist Executive Search firm, Logistics Executive Group today, announced a partnership with Milestone Consulting Group India.
Logistics Executive has been proud to serve customers in India since the opening of its India operations in Mumbai in February 2010.
Throughout that time, the Logistics Executive Group has continually looked to introduce new services and offices to meet the increasing market demands for Executive Search and Recruitment services with strong international practices. The desire to do so has led to the formal partnership with the Milestone Consulting Group.
Three New Offices in Mumbai, Delhi and Chennai
This partnership will significantly expand the current footprint of Logistics Executive India with new offices to be opened in Mumbai, Delhi and Chennai.
Along with ramped up operations, the partnership will allow Logistics Executive India to offer an enhanced range of services including Accredited Training, Specialist Learning and Development programs, HR Talent Mapping, Recruitment Process Outsourcing, Business Intelligence and Supply Chain consulting.
"We are delighted to announce the partnership with Milestone Consulting and the opening of our new offices," said Mr. Kim Winter, Group CEO for Logistics Executive Group.
Mr. Winter went on to say that "With Logistics and Supply Chain being a key driver of growth in Indian economy, the timely investment in this partnership will set a platform for enhanced international Indian and MNC companies in India to take advantage of these opportunities by ensuring their staff development and talent programs world class and they can compete on a global stage".
Logistics Executive India to be headed by Mr. LR Sridhar
The new venture, Logistics Executive India will be led by LR Sridhar, who is Managing Director for India and Subcontinent, was the founder of the Milestone Consulting Group.
Mr. LR Sridhar over four decades has been a leading figure in the development of India's Logistics and Supply Chain sector. He brings a track record of success in express cargo, international freight forwarding, port operations and bulk, containerized cargo. Mr. Sridhar has held senior executive leadership positions with Sical Logistics Group, TNT Skypak, SembCorp Logistics, AFL (now Fedex) and Lemuirhead.
Until recently, Mr. Sridhar was Advisor Logistics a
nd Infrastructure with Welspun Group World's top three manufacturers of Steel industrial products. Currently,
Mr. Sridhar is the Managing Trustee of MILE Foundation, an education and training provider to shipping and logistics industry and is the founder & CEO of Milestone Consulting Group.
"This is an exciting time for us" said Mr. Sridhar. "The opportunity to truly integrate training and internships to job placement and to be better positioned to develop Executive talent whilst helping to drive business and supply chain performance through our real time Business Consulting and 4PL services for Logistics and Supply Chain Management sector is a unique service offering in India".
This partnership will enable us bring in the extensive global expertise and the networking capabilities through Logistics Executive, particularly since the Logistics & Supply Chain Management business drivers are no longer just local but global.
Throughout our business consulting projects we are everyday reminded of the importance of up-skilling of Executive talent and the need for a greater focus in this area, this partnership offers support to this to degree not seen in India in the past" says Mr. Sridhar.
The bringing together this market leading expertise under one roof will offer the Indian market world class best practice services including specialist Executive Recruitment, Training and Business Consulting for the Logistics, Supply Chain, Transport, Freight, Aviation, Manufacturing, FMCG, Pharma-Healthcare and Resources sectors.
The company will celebrate the new partnership in a series of Executive CEO Briefings to commence in Mumbai on the 30 April 2013.
About Logistics Executive Group
Logistics Executive is an acknowledged industry leader since 1999, offering a range of specialist Human Resources talent related services for the Supply Chain & Logistics sectors including Executive Search, Recruitment, Training and Consulting.
With its head office in Sydney, Australia the company has offices across Australia, Singapore, Hong Kong, India, China and the Middle East and is located in the key international logistics hubs. Logistics Executive has built a strong reputation for providing sound advice and strategically working with clients to develop successful models for national and international executive talent attraction, development and retention.
Logistics Executive partners with a wide range of clients including; multinational corporations, entrepreneurial businesses, private equity firms, promoter owned companies and non-profit organizations. Logistics Executive offers tailored services ranging from Executive Recruitment, and Interim Management, to Leadership Development Programs, Succession Planning, Talent Mapping, Organisational Design and Recruitment Process Outsourcing.
Logistics Executive offers market-leading, global connections and drives business performance in the Logistics, Supply Chain, Transport, Freight, Aviation, Ports, Manufacturing, Retail, FMCG, Pharma-Healthcare and Resources sectors.
www.LogisticsExecutive.com
About Milestone Consulting Group
Milestone Consulting Group is a Business consulting and 4PL service provider based in Chennai, India with branches in Mumbai, Delhi and Bangalore.
Milestone Consulting Group serves to assist in driving company performance. Be it strategy, structuring, operations design, scale-up or M&A, it takes hands-on expertise in real-world logistics and supply chains guarantees that your business proposition doesn't get stuck in promise, but delivers on performance.
Through Mile Academy We provide World-Class institutionalized training for aspiring young talent to have their career in Logistics and Supply Chain Industry and also provide training for the existing professionals of logistics & SCM industry for talent enrichment and Upgradation of skill and Knowledge of the Sector.
www.milestoneconsulting.in
To view the photograph, please click on the link given below:
"LR Sridhar, Founder & CEO, Milestone Consulting Group, speaks as Darryl Judd, CEO, Logistics Executive, and Abhijit Chaudhuri, Director, Milestone Consulting Group, look on, at the launch of Logistics Executive India in Mumbai"
For picture(s)/data to illustrate this release click below:
http://www.BusinessWireIndia.com/attachments/IMG_1(165).jpg
IMG_1(165).jpg
CONTACT DETAILS
LR Sridhar, Founder CEO, Milestone Consulting Group, +91 9840821818, lr.sridhar@milestoneconsulting.in
KEYWORDS
CONSUMER, PEOPLE, CONSULTANCY SERVICES, BUSINESS SERVICES, GROUPS, TRANSPORT
If you wish to change your Business Wire India selection please click on this link http://www.businesswireindia.com/media/news.asp and use your personal username and password to login.
Submit your press release at http://www.businesswireindia.com
BWI: Canara HSBC Oriental Bank of Commerce Life Insurance Posts Maiden Profit in its Fifth Year of Operation
Press release from Business Wire India
Source: Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited
Wednesday, May 01, 2013 12:18 PM IST (06:48 AM GMT)
Editors: General: Consumer interest, Economy, People; Business: Banking & financial services, Business services, Financial Analyst, Stock exchanges
--------------------------------------------------
Canara HSBC Oriental Bank of Commerce Life Insurance Posts Maiden Profit in its Fifth Year of Operation
Achieved through efficient distribution, focus on regular premium business and need-based selling ensuring a high persistency
New Delhi, Delhi, India, Wednesday, May 01, 2013 -- (Business Wire India) -- Canara HSBC Oriental Bank of Commerce Life Insurance reported its maiden profit of Rs. 23.5 crore in FY 2012-13, its fifth year of operations; the Company is one of the fastest amongst private life insurers to have achieved this feat.
Distributing exclusively through its shareholder-banks and associates, Canara HSBC Oriental Bank of Commerce Life Insurance's achievements demonstrate the strength of the bancassurance model in efficiently reaching both urban and rural customers through the reach of the banks' branch networks.
Strong focus on need-based selling and regular collection of renewal premiums has ensured that the business remains stable and sustainable. For FY 2012-13, 13th-month persistency (a measure of how many policies remain in-force) stood at 75.3% and 25th-month persistency stood at 87.7%, amongst the highest in the industry.
Canara HSBC Oriental Bank of Commerce Life Insurance garnered premium income of Rs. 344 crore in March 2013 and closed the fiscal with Rs. 1912 crore, issuing 390,974 policies since launch. The Company also exceeded its rural and social sector sales goals for FY 2012-13, as it has done in all previous years.
Canara HSBC Oriental Bank of Commerce Life Insurance has a strong solvency ratio at 384% against the regulatory requirement of 150%. Owing to sound financial management and cost efficiencies built in from day one, the Company has one of the lowest Opex to premium ratios in the industry, at 13%.
Mr. R K Dubey, Chairman & Managing Director, Canara Bank and Chairman, Canara HSBC Oriental Bank of Commerce Life Insurance, said, "As Chairman and major shareholder, I am delighted to see our company achieve its first profit, which repays the faith we have invested in our joint-venture. Bringing together three great banks with an integrated insurance proposition means that we can be confident of the product offering, systems and customer service."
Mr. John Holden, Chief Executive Officer, Canara HSBC Oriental Bank of Commerce Life Insurance, said, "While a lot has changed in the last five years, we are confident of sustained profitable growth; we have the right business model and we have the right business partners. Our focus on regular premium policies, which is closely aligned to the long-term nature of life insurance, has ensured continuous inflows and helped to build sustainable income to support the cost base, delivering a path to profitability. Our philosophy is based on propositions aligned to the core needs of customers, which don't change even if the platform or product structure does and we welcome the pro-consumer product regulations introduced by the IRDA."
Mr. Holden added, "It is indeed encouraging to see our Company on a firm footing with a strong and now profitable growth trajectory, in such a short span. Our achievement is a result of the commitment of our banks and employees in meeting the insurance needs of their customers."
About Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited
(www.canarahsbclife.com)
Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited was launched in June 2008 and is jointly owned by two of India's largest public sector banks - Canara Bank (holding 51%) and Oriental Bank of Commerce (23%) - and HSBC Insurance (Asia Pacific) Holdings Limited (26%), the Asian insurance arm of one of the world's largest banking and financial services groups - HSBC. The Company has exclusive access to around 60 million customers and a pan-India network of over 5500 branches of Canara Bank, HSBC and Oriental Bank of Commerce.
The formidable distribution strength and in-depth local market knowledge of Canara Bank and Oriental Bank of Commerce coupled with the considerable insurance experience, product range and proven bancassurance capabilities of HSBC make this an unparalleled union of financial strength, expertise and most importantly, trust.
To deliver affordable insurance solutions to address the needs of the rural population, the social sector and economically weaker sections of the society, especially those who have no or very little access to organised financial services, the Company tied up with three Rural Regional Banks (RRBs) - Pragathi Gramin Bank in Karnataka, Shreyas Gramin Bank in Uttar Pradesh and South Malabar Gramin Bank in Kerala that have a network of over 800 branches and reach out to more than 8 million customers.
Canara HSBC Oriental Bank of Commerce Life Insurance Company understands that today innovation is a key differentiator. Based on customer needs, the Company currently offers 13 products - 4 unit-linked and 9 traditional; 7 out of these are individual and 6 are group products.
The Company is the fastest Indian life insurance company to cross Rs. 500 crore, Rs. 1000 crore, Rs. 1500 crore, Rs. 2000 crore and Rs. 2500 crore in weighted premium income till date. Since launch on June 16, 2008 to March 31, 2013, the Company's business in terms of Gross Written Premium (GWP) stood at Rs. 6444 crore and the number of policies sold are 390,974.
To view the photograph, please click on the link given below:
John Holden, Chief Executive Officer, Canara HSBC Oriental Bank of Commerce Life Insurance
For picture(s)/data to illustrate this release click below:
http://www.BusinessWireIndia.com/attachments/IMG_1(164).jpg
IMG_1(164).jpg
CONTACT DETAILS
Nonika Raj Kumar, Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited, +91 9717882227, nonika.rajkumar@canarahsbclife.in
Divya Khurana, IPAN Hill+Knowlton Strategies, +91 9810134892, divya.khurana@hkstrategies.com
KEYWORDS
CONSUMER, ECONOMY, PEOPLE, BANKING, BUSINESS SERVICES, Financial Analyst, STOCK EXCHANGES
If you wish to change your Business Wire India selection please click on this link http://www.businesswireindia.com/media/news.asp and use your personal username and password to login.
Submit your press release at http://www.businesswireindia.com
Source: Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited
Wednesday, May 01, 2013 12:18 PM IST (06:48 AM GMT)
Editors: General: Consumer interest, Economy, People; Business: Banking & financial services, Business services, Financial Analyst, Stock exchanges
--------------------------------------------------
Canara HSBC Oriental Bank of Commerce Life Insurance Posts Maiden Profit in its Fifth Year of Operation
Achieved through efficient distribution, focus on regular premium business and need-based selling ensuring a high persistency
New Delhi, Delhi, India, Wednesday, May 01, 2013 -- (Business Wire India) -- Canara HSBC Oriental Bank of Commerce Life Insurance reported its maiden profit of Rs. 23.5 crore in FY 2012-13, its fifth year of operations; the Company is one of the fastest amongst private life insurers to have achieved this feat.
Distributing exclusively through its shareholder-banks and associates, Canara HSBC Oriental Bank of Commerce Life Insurance's achievements demonstrate the strength of the bancassurance model in efficiently reaching both urban and rural customers through the reach of the banks' branch networks.
Strong focus on need-based selling and regular collection of renewal premiums has ensured that the business remains stable and sustainable. For FY 2012-13, 13th-month persistency (a measure of how many policies remain in-force) stood at 75.3% and 25th-month persistency stood at 87.7%, amongst the highest in the industry.
Canara HSBC Oriental Bank of Commerce Life Insurance garnered premium income of Rs. 344 crore in March 2013 and closed the fiscal with Rs. 1912 crore, issuing 390,974 policies since launch. The Company also exceeded its rural and social sector sales goals for FY 2012-13, as it has done in all previous years.
Canara HSBC Oriental Bank of Commerce Life Insurance has a strong solvency ratio at 384% against the regulatory requirement of 150%. Owing to sound financial management and cost efficiencies built in from day one, the Company has one of the lowest Opex to premium ratios in the industry, at 13%.
Mr. R K Dubey, Chairman & Managing Director, Canara Bank and Chairman, Canara HSBC Oriental Bank of Commerce Life Insurance, said, "As Chairman and major shareholder, I am delighted to see our company achieve its first profit, which repays the faith we have invested in our joint-venture. Bringing together three great banks with an integrated insurance proposition means that we can be confident of the product offering, systems and customer service."
Mr. John Holden, Chief Executive Officer, Canara HSBC Oriental Bank of Commerce Life Insurance, said, "While a lot has changed in the last five years, we are confident of sustained profitable growth; we have the right business model and we have the right business partners. Our focus on regular premium policies, which is closely aligned to the long-term nature of life insurance, has ensured continuous inflows and helped to build sustainable income to support the cost base, delivering a path to profitability. Our philosophy is based on propositions aligned to the core needs of customers, which don't change even if the platform or product structure does and we welcome the pro-consumer product regulations introduced by the IRDA."
Mr. Holden added, "It is indeed encouraging to see our Company on a firm footing with a strong and now profitable growth trajectory, in such a short span. Our achievement is a result of the commitment of our banks and employees in meeting the insurance needs of their customers."
About Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited
(www.canarahsbclife.com)
Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited was launched in June 2008 and is jointly owned by two of India's largest public sector banks - Canara Bank (holding 51%) and Oriental Bank of Commerce (23%) - and HSBC Insurance (Asia Pacific) Holdings Limited (26%), the Asian insurance arm of one of the world's largest banking and financial services groups - HSBC. The Company has exclusive access to around 60 million customers and a pan-India network of over 5500 branches of Canara Bank, HSBC and Oriental Bank of Commerce.
The formidable distribution strength and in-depth local market knowledge of Canara Bank and Oriental Bank of Commerce coupled with the considerable insurance experience, product range and proven bancassurance capabilities of HSBC make this an unparalleled union of financial strength, expertise and most importantly, trust.
To deliver affordable insurance solutions to address the needs of the rural population, the social sector and economically weaker sections of the society, especially those who have no or very little access to organised financial services, the Company tied up with three Rural Regional Banks (RRBs) - Pragathi Gramin Bank in Karnataka, Shreyas Gramin Bank in Uttar Pradesh and South Malabar Gramin Bank in Kerala that have a network of over 800 branches and reach out to more than 8 million customers.
Canara HSBC Oriental Bank of Commerce Life Insurance Company understands that today innovation is a key differentiator. Based on customer needs, the Company currently offers 13 products - 4 unit-linked and 9 traditional; 7 out of these are individual and 6 are group products.
The Company is the fastest Indian life insurance company to cross Rs. 500 crore, Rs. 1000 crore, Rs. 1500 crore, Rs. 2000 crore and Rs. 2500 crore in weighted premium income till date. Since launch on June 16, 2008 to March 31, 2013, the Company's business in terms of Gross Written Premium (GWP) stood at Rs. 6444 crore and the number of policies sold are 390,974.
To view the photograph, please click on the link given below:
John Holden, Chief Executive Officer, Canara HSBC Oriental Bank of Commerce Life Insurance
For picture(s)/data to illustrate this release click below:
http://www.BusinessWireIndia.com/attachments/IMG_1(164).jpg
IMG_1(164).jpg
CONTACT DETAILS
Nonika Raj Kumar, Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited, +91 9717882227, nonika.rajkumar@canarahsbclife.in
Divya Khurana, IPAN Hill+Knowlton Strategies, +91 9810134892, divya.khurana@hkstrategies.com
KEYWORDS
CONSUMER, ECONOMY, PEOPLE, BANKING, BUSINESS SERVICES, Financial Analyst, STOCK EXCHANGES
If you wish to change your Business Wire India selection please click on this link http://www.businesswireindia.com/media/news.asp and use your personal username and password to login.
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BWI: Rimini Street Appoints Industry Veteran Andrew Powell to Lead Asia-Pacific Expansion
Press release from Business Wire India
Source: Business Wire
Wednesday, May 01, 2013 11:12 AM IST (05:42 AM GMT)
Editors: General: Consumer interest, People; Business: Business services, Information technology; Technology
--------------------------------------------------
(BW)(NV-RIMINI-STREET)Rimini Street Appoints Industry Veteran Andrew Powell to Lead Asia-Pacific Expansion
Company Continues to Execute Global Investment Plan in Response to Strong Demand for Third-Party Support Services
Las Vegas, United States, Wednesday, May 01, 2013 -- (Business Wire India) --
CONTACT DETAILS
CONTACTS :
Rimini Street, Inc.
Alma Park, +1-323-229-7282
apark@riministreet.com
KEYWORDS
CONSUMER, PEOPLE, BUSINESS SERVICES, IT, TECHNOLOGY
If you wish to change your Business Wire India selection please click on this link http://www.businesswireindia.com/media/news.asp and use your personal username and password to login.
http://www.businesswire.com
Submit your press release at http://www.businesswireindia.com
Source: Business Wire
Wednesday, May 01, 2013 11:12 AM IST (05:42 AM GMT)
Editors: General: Consumer interest, People; Business: Business services, Information technology; Technology
--------------------------------------------------
(BW)(NV-RIMINI-STREET)Rimini Street Appoints Industry Veteran Andrew Powell to Lead Asia-Pacific Expansion
Company Continues to Execute Global Investment Plan in Response to Strong Demand for Third-Party Support Services
Las Vegas, United States, Wednesday, May 01, 2013 -- (Business Wire India) --
Rimini Street, Inc., the leading third-party maintenance and support provider for enterprise software, including SAP AG (NYSE:SAP) software and Oracle Corporation's (NASDAQ: ORCL) Siebel, PeopleSoft, JD Edwards, E-Business Suite, Oracle Database and Hyperion software, today announced the appointment of industry veteran Andrew Powell as managing director, Asia-Pacific. In this role, Powell leads the continued growth and expansion of Rimini Street operations throughout the Asia-Pacific region. Powell joined Rimini Street on the 8th of April and is part of the Company's strategic plan to expand investment in all major global markets in the coming years.
Powell has a proven track record building, growing and leading businesses in the Asia-Pacific region, including 15 years of experience helping customers drive success primarily with SAP enterprise software. In his prior role as general manager - commercial with NTT DATA Business Solutions, Powell led a business unit responsible for designing, implementing and supporting SAP solutions for medium and large companies in Australia. Previously, Powell was regional vice president at Sabre Airline Solutions based in Singapore, where Powell delivered enterprise software solutions and services to the airline industry. Prior to this role, Powell was national SAP practice manager at Data#3 Limited. As an SAP Channel Partner, Data#3 specialized in the provision of SAP solutions, including SAP licenses, services and support.
"There is exceptional demand for the benefits of third-party support in the Asia-Pacific region," said Powell. "Just like customers in the rest of the world, Oracle and SAP customers in Asia-Pacific want more value from their annual support program and are seeking to maximize the return on current system investments without having to complete expensive upgrades just to stay supported. Rimini Street's positive global reputation and dedication to client success are already becoming known in this region and I couldn't be more excited to help the Asia-Pacific market realize the financial and service benefits of Rimini Street support."
Rimini Street supports dozens of clients operating in sixteen countries throughout Asia-Pacific, including Australia, Singapore Malaysia, India, China and Japan. In total, over 600 clients have selected Rimini Street for support of their enterprise software, including 71 of the Fortune 500 and 15 of the Global 100.
The Company maintains support, operations, development and tax and regulatory update services in the Asia-Pacific region today and will be significantly increasing this investment in conjunction with the appointment of Powell and the expansion of sales operations in the region.
"We continue to see strong and growing market demand for Rimini Street support services from enterprise software customers in the Asia-Pacific region," said Seth Ravin, Rimini Street CEO. "We are extremely pleased to have Andrew join our team and lead our next phase of investment and growth in Asia-Pacific. Andrew will be instrumental in bringing Rimini Street's industry leading support program to the thousands of enterprise software licensees who can benefit from premium-level support services with up to 90 percent in total support cost savings over a decade."
About Rimini Street, Inc.
Rimini Street is the leading third-party provider of enterprise software support services. The company is redefining enterprise support services with an innovative, award-winning program that enables Oracle and SAP licensees to save up to 90 percent on total support costs over a decade, including saving 50 percent on annual support fees. Clients can remain on their current software release without any required upgrades or migrations for at least 10 years. Hundreds of global, Fortune 500, midmarket, and public sector organizations from virtually all industries have selected Rimini Street as their trusted, independent support provider. To learn more, please visit www.riministreet.com or call within the USA 888-870-9692 or internationally +1 702-839-9671.
Rimini Street and the Rimini Street logo are trademarks of Rimini Street, Inc. All other company and product names may be trademarks of their respective owners. Copyright © 2013. All rights reserved.
CONTACT DETAILS
CONTACTS :
Rimini Street, Inc.
Alma Park, +1-323-229-7282
apark@riministreet.com
KEYWORDS
CONSUMER, PEOPLE, BUSINESS SERVICES, IT, TECHNOLOGY
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BWI: Advanced ‘Data Journalism’ Tool from Rediff Helps Readers to Make Sense of Karnataka State Legislative Assembly Elections
Press release from Business Wire India
Source: Rediff.com (India) Ltd.
Wednesday, May 01, 2013 11:01 AM IST (05:31 AM GMT)
Editors: General: Consumer interest, People, Politics; Business: Business services, Information technology; Technology
--------------------------------------------------
Advanced 'Data Journalism' Tool from Rediff Helps Readers to Make Sense of Karnataka State Legislative Assembly Elections
The enhanced Rediff Sentimeter offers readers a more interactive experience, enabling users to better analyze election outcomes and use their own judgement on elections results
Mumbai, Maharashtra, India, Wednesday, May 01, 2013 -- (Business Wire India) -- After a successful run during the Gujarat Elections in December 2012, Rediff has re-introduced its Sentimeter service that enables users to assess the outcome of the Karnataka State Legislative Assembly Elections across various scenarios.
Based on the concept of data-driven journalism, Rediff's interactive map-based tool provides users with a simple slider which they can easily shift depending on which way they expect the people's electoral mandate to swing, and hence arrive at the outcome based on their individual assessment.
The Rediff Sentimeter is based on the performance of each constituency in previous assembly elections in Karnataka and gives readers an overall view, as well as insights into each constituency as readers select them. It is also optimised for mobile platforms, enabling users to enjoy a seamless experience across their personal devices, whether a laptop or handheld devices such as tablets and smartphones.
"This is an example of the big thrust we have here at Rediff towards data-driven journalism where our aim is to help citizens, political leaders and other journalists understand patterns in data and make judgments based on data", said Ajit Balakrishnan, Founder & CE0 of rediff.com.
Users may access the Rediff Sentimeter at http://rediff.ly/karnatakasentimeter.
About Rediff India:
Rediff India (NASDAQ: REDF) is one of the premier worldwide online providers of news, information, communication, entertainment and shopping services for Indians worldwide. Founded in 1996, Rediff.com is headquartered in Mumbai, India with offices in New Delhi, Bangalore, Chennai, Hyderabad and New York.
Safe Harbor
Except for historical information and discussions contained herein, statements included in this release may constitute "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and reflect our current expectations. Forward-looking statements are identified by certain words or phrases such as "may", "will", "aim", "will likely result", "believe", "expect", "will continue", "anticipate", "estimate", "intend", "plan", "contemplate", "seek to", "future", "objective", "goal", "project", "should", "will pursue" and similar expressions or variations of such expressions. These statements involve a number of risks, uncertainties and other factors that could cause actual results to differ materially from those that may be projected by these forward looking statements. These risks and uncertainties include but are not limited to the slowdown in the economies worldwide and in the sectors in which our clients are based, the slowdown in the Internet and IT sectors world-wide, competition, success of our past and future acquisitions, attracting, recruiting and retaining highly skilled employees, technology, acceptance of new products and services, the development of broadband Internet and 3G networks in India, legal and regulatory policies, managing risks associated with customer products, the wide spread acceptance of the Internet as well as other risks detailed in the Form 20-F and other reports filed by Rediff.com India Limited with the U.S. Securities and Exchange Commission. Rediff.com India Limited and its subsidiaries 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. Rediff.com India Limited does not undertake to update any forward-looking statement that may be made from time to time by or on behalf of the Company.
CONTACT DETAILS
Mandar Narvekar, Investor Relations and Corporate Affairs Contact, Rediff.com India Ltd., +91 (22) 61820000, investor@rediff.co.in
Glenn Wiener, GW Communications (U.S.A.), 212-786-6011, gwiener@GWCco.com
Dionne Manchester, GW Communications (U.S.A.), 212-786-6068, dionne@GWCco.com
KEYWORDS
CONSUMER, PEOPLE, POLITICS, BUSINESS SERVICES, TECHNOLOGY
If you wish to change your Business Wire India selection please click on this link http://www.businesswireindia.com/media/news.asp and use your personal username and password to login.
Submit your press release at http://www.businesswireindia.com
Source: Rediff.com (India) Ltd.
Wednesday, May 01, 2013 11:01 AM IST (05:31 AM GMT)
Editors: General: Consumer interest, People, Politics; Business: Business services, Information technology; Technology
--------------------------------------------------
Advanced 'Data Journalism' Tool from Rediff Helps Readers to Make Sense of Karnataka State Legislative Assembly Elections
The enhanced Rediff Sentimeter offers readers a more interactive experience, enabling users to better analyze election outcomes and use their own judgement on elections results
Mumbai, Maharashtra, India, Wednesday, May 01, 2013 -- (Business Wire India) -- After a successful run during the Gujarat Elections in December 2012, Rediff has re-introduced its Sentimeter service that enables users to assess the outcome of the Karnataka State Legislative Assembly Elections across various scenarios.
Based on the concept of data-driven journalism, Rediff's interactive map-based tool provides users with a simple slider which they can easily shift depending on which way they expect the people's electoral mandate to swing, and hence arrive at the outcome based on their individual assessment.
The Rediff Sentimeter is based on the performance of each constituency in previous assembly elections in Karnataka and gives readers an overall view, as well as insights into each constituency as readers select them. It is also optimised for mobile platforms, enabling users to enjoy a seamless experience across their personal devices, whether a laptop or handheld devices such as tablets and smartphones.
"This is an example of the big thrust we have here at Rediff towards data-driven journalism where our aim is to help citizens, political leaders and other journalists understand patterns in data and make judgments based on data", said Ajit Balakrishnan, Founder & CE0 of rediff.com.
Users may access the Rediff Sentimeter at http://rediff.ly/karnatakasentimeter.
About Rediff India:
Rediff India (NASDAQ: REDF) is one of the premier worldwide online providers of news, information, communication, entertainment and shopping services for Indians worldwide. Founded in 1996, Rediff.com is headquartered in Mumbai, India with offices in New Delhi, Bangalore, Chennai, Hyderabad and New York.
Safe Harbor
Except for historical information and discussions contained herein, statements included in this release may constitute "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and reflect our current expectations. Forward-looking statements are identified by certain words or phrases such as "may", "will", "aim", "will likely result", "believe", "expect", "will continue", "anticipate", "estimate", "intend", "plan", "contemplate", "seek to", "future", "objective", "goal", "project", "should", "will pursue" and similar expressions or variations of such expressions. These statements involve a number of risks, uncertainties and other factors that could cause actual results to differ materially from those that may be projected by these forward looking statements. These risks and uncertainties include but are not limited to the slowdown in the economies worldwide and in the sectors in which our clients are based, the slowdown in the Internet and IT sectors world-wide, competition, success of our past and future acquisitions, attracting, recruiting and retaining highly skilled employees, technology, acceptance of new products and services, the development of broadband Internet and 3G networks in India, legal and regulatory policies, managing risks associated with customer products, the wide spread acceptance of the Internet as well as other risks detailed in the Form 20-F and other reports filed by Rediff.com India Limited with the U.S. Securities and Exchange Commission. Rediff.com India Limited and its subsidiaries 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. Rediff.com India Limited does not undertake to update any forward-looking statement that may be made from time to time by or on behalf of the Company.
CONTACT DETAILS
Mandar Narvekar, Investor Relations and Corporate Affairs Contact, Rediff.com India Ltd., +91 (22) 61820000, investor@rediff.co.in
Glenn Wiener, GW Communications (U.S.A.), 212-786-6011, gwiener@GWCco.com
Dionne Manchester, GW Communications (U.S.A.), 212-786-6068, dionne@GWCco.com
KEYWORDS
CONSUMER, PEOPLE, POLITICS, BUSINESS SERVICES, TECHNOLOGY
If you wish to change your Business Wire India selection please click on this link http://www.businesswireindia.com/media/news.asp and use your personal username and password to login.
Submit your press release at http://www.businesswireindia.com
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