Thursday, 31 January 2013

Runner's aim to raise £5,000 for the Leicestershire MS Therapy Centre

Silverstone Half Marathon in aid of 
Leicestershire MS Therapy Centre

Over 12 months from August 2012 I aim to raise £5,000 for the Leicestershire MS Therapy Centre. My Mum suffers from MS and I have seen firsthand how the work of the Centre has benefitted her recovery after every relapse and helps her through the physical challenges she faces every day.

The Centre is a self-help, non-profit organisation that aims to improve the quality of life of people affected by multiple sclerosis, their families, friends and carers, by encouraging a positive attitude. They provide therapies (including Oxygen, reflexology, and physiotherapy), information, counseling and practical support. A charity run by people affected by MS, for people affected by MS. It costs over £80,000 a year to run the Centre, and as no government assistance is received, their motto "Self-help is our way of action" is very appropriate.



The first part of my fundraising was an event; a 3-legged football tournament on 8th September 2012 held at Paprika Watermead restaurant in Leicester. A massive £1,414 was raised as a result, there are some photos on


The second part of the fundraising involves me running the Silverstone Half Marathon on 3rd March 2013 so please give generously as this is a great personal challenge for me, I am certainly not a natural runner and your kind donations will help through all the training miles! Would love for you to come and cheer me on on the day but please dig deep and donate today at www.justgiving.com/Kavita-Naker

Thank you :)

Kavita

7th India Int Fashion Jewellery Show - upcoming

IIFJAS : The Platform
The 6th IIFJAS (2012) proved to be the finest and the most important platform in India for the costume jewellery & fashion Jewellery Industry. IIFJAS 2012 witnessed the best response in 6 years of its journey, be it in terms of participation or in terms of the visitors/buyers turnout, and the graph is only growing.
IIFJAS is THE platform that has changed the face of the entire CZ, Silver, Costume and Fashion jewellery industry of India.
IIFJAS 2012 attracted over 9000+ trade buyers from over 110 Indian cities and from over 21 countries.
IIFJAS witnessed a huge attendance of manufacturers, wholesalers, retailers, designers, buying houses, institutes, retail chains, traders, importers, exporters, etc. IIFJAS is today the most essential platform to Network, Source, Strengthen and Grow your business 
The Exhibitors:
IIFJAS 2013 will showcase most exclusive and latest in jewellery trends & accessories, presented by numerous major manufacturing brands of India and many new and promising industry players.
IIFJAS 2013 will showcase a splendorous range of products presented by 200+ participants from over 20 Indian Cities and 10 International Destinations.
IIFJAS proudly serves as the most important platform for buying and selling the widest and latest range of both, modern and traditional designs, ranging from daily wear to high fashion presented by Indian and overseas exhibitors. Spread across 300 stalls, IIFJAS showcases a wide spectrum of products to benefit your business.

A Contribution to the industry
IIFJAS has proved to be a major contributor to the entire costume & fashion jewellery industry of India in getting the generations-old sector together on one platform in an “organized” manner. IIFJAS is one such event that has given a major uplift to the Indian industry globally and helped many businesses grow their size multifold. IIFJAS affirms its motto of making the Indian costume jewellery industry one of the strongest in the world market.

Union Bank declares its 9 months results



Major highlights of last quarter -

• The Bank opened its 58th Regional Office at Kottayam, Kerala, the Bank’s 4th in Kerala State after
Kozhikode, Ernakulam and Thiruvananthapuram.
•• The The Bank Bank bagged bagged ACI ACI Excellence Excellence Award Award 2012 2012 at at aa
Conference held in Bangkok - ACI Worldwide selects a few banks every year out of its global client list of
over 1000 banks and FIs and gives these awards for innovative use of their ATM switch software Base 24.
Bank received this award for implementing three remittance products NEFT, IMPS and Union e-Cash on its ATMs. The Bank has won this global award second year in a row.


Highlights for the quarter-ended December 31, 2012

Net Profit for Q3/FY13 up by 53.81% to ` 303 crore from Rs 197 crore in Q3/FY12. 
Net Interest Income for Q3/FY13 up 9.88% to  Rs.1891 crore from Rs`1721  crore in Q3/FY12
Net Interest Margin (on earning assets) for Q3/FY13 was 2.95%, as compared to 3.20% in Q3/FY12.
Non Interest Income for Q3/FY13 was Rs.640 crore, compared to `Rs 652 crore in Q3/FY12, marginal decrease of 1.84%
Return on average assets (annualised) is at 0.44 %in Q3/FY13 as compared to 0.35 % in Q3/FY12.
Return on equity (annualised) in Q3/FY13 is at 8.49 % as compared to 6.52 % in Q3/FY12.
Earning per share (annualised) in Q3/FY13 is at Rs`22.04 as compared to Rs`15.03 in Q3/FY12.
Cost-to-income ratio stood at 46.33% as against 45.89% in the corresponding period of last year. 

Highlights for the Nine Months ended December 31, 2012
Net Profit for Nine Months/FY13 improved by 35.01% to  Rs`1369 crore from Rs` 1014 crore in Nine Months/FY12. 
Net Interest Income for Nine Months/FY13 up 11.89% to  Rs`5563  crore from Rs`4972  crore in Nine Months/FY12
Net Interest Margin (on earning assets) for Nine Months/FY13 was 2.99%, as compared to 3.16% in Nine Months/FY12.
Non Interest Income for Nine Months/FY13 increased to Rs`1677 crore, from Rs`1637  crore in Nine Months/FY12, an increase of 2.44%.
Return on average assets (annualised) in Nine Months/FY13 improved to 0.68% from 0.61% in Nine Months/FY12.
Return on equity (annualised) in Nine Months/FY13 improved to 13.27% from 11.57% in Nine Months/FY12.
Earning per share (annualised) in Nine Months/FY13 increased to Rs`33.17 as compared to  Rs` 25.78in Nine Months/FY12.
Cost-to-income ratio stood at 46.16% as against 44.70% in the corresponding period of last year. 


Balance Sheet
Global Business grew by 18.76%, from  Rs`361518  crore to  Rs` 429352 crore as on December 31, 2012


Balance Sheet size of the Bank increased by 8.54% to  Rs`284595 crore as on December 31, 2012 from  Rs` 242187  crore as on December 31, 2011.

Domestic Deposits increased from  Rs`204498  cr. to  Rs`237465  cr., a growth of 16.12 %. Global Deposits increased from  Rs`205317 crore (December 2011) to  Rs` 239355 crore (December 2012), recording a growth rate of 16.58%.

 
Major Highlights – Last Quarter Q3 FY12-13
The Bank opened its 58th Regional Office at Kottayam, Kerala, the Bank’s 4th in Kerala State after Kozhikode, Ernakulam and Thiruvananthapuram.

The Bank bagged ACI Excellence Award 2012  at a Conference held in Bangkok - ACI Worldwide selects a few banks every year out of its global client list of over 1000 banks and FIs and gives these awards for innovative use of their ATM switch software Base 24.  Bank received this award for implementing three remittance products NEFT, IMPS and Union e-Cash on its ATMs.  The Bank has won this global award second year in a row.

Computer Society of India (CSI) awarded Bank the Winner trophy and a cash reward of Rs. One lac for Best IT innovation amongst banks in India. The Bank was considered for this award for implementation of Talking ATM for visually challenged. All the leading banks participated for this award. National Payments Corporation of India declared the Bank as the best Public Sector Bank for its NFS Operational Excellence Award 2012.  Last year the Bank was runners in PSB category.  These awards are given for operational excellence in ATM net work. 

The Bank bagged four awards at the IBA Banking Technology Awards.
IBA has instituted awards in eight different categories of the Bank bagged the following awards:
- Best Financial Inclusion Initiative - Winner (1st Prize)
- Best Technology Bank of the Year - 1st  Runner-up
- Best Use of Mobile Technology in Banking - 1st  Runner-up
- Best Use of Business Intelligence - 2nd Second Runner-up

India Specific Wireless ADSL Modem Router from Edimax


Mumbai/Bangalore, India -
January 30, 2012 

EDIMAX Technology, a leading provider of advanced network communication products, has launched AR-7186WnA/B, redesigned for India, a high performance ADSL2+ router boasting a detachable 5dBi high gain antenna, wireless 802.11n speeds up to 150Mbps and an impressive host of features. Edimax' redesigned and versatile ADSL2+ modem is ideal for cost-conscious homes and small businesses looking for a reliable, effective networking system.

Advanced MIMO technology, built-in virtual server and DMZ features, ADSL2/2+ modem and IP sharing and Wi-Fi Protected Setup (WPS) ensure the powerful functionality and robust performance which is synonymous with Edimax Technology products - the AR-7186WnA/B modem router presents data rates up to six times faster and three times greater coverage than a standard 802.11g/b router. Fast, dependable Wi-Fi for PCs, laptops, game consoles, smart TVs and any other network devices from a single modem router. Share content, media and printers across multiple computers in a complete, all-in-one home or small office connectivity solution from Edimax.

150Mbps Wireless ADSL2+ Modem RouterThe AR-7186WnA/B supports all ADSL standards (ADSL 1/2/2+) and features a detachable 5dBi antenna for enhanced coverage. Four 10/100 RJ-45 Fast Ethernet ports accommodate the connectivity needs of wired devices, with auto MDI/MDIx for full Ethernet switch functionaility - as well as support for wireless IEEE 802.11b/g/n standards for speeds up to 150Mbps. A power on/off switch and extensive browser-based management features give users powerful control to create and maintain high-speed wired and wireless networks.

Virtual Server and DMZ
Virtual sever and DMZ functions safeguard your network's security for online gaming, VoIP phones or web servers and other applications which require open ports. The AR-7186WnA/B further incorporates an extensive range of security controls including IP/MAC address filtering, application filtering and URL filtering to offer maximum flexibility in establishing a safe and secure network environment. WPS Button & Multi-Language Setup WizardA multi-language, user-friendly browser-based setup wizard guides the user through a smooth and painless setup process. A few easy clicks and the AR-7186WnA/B is configured for use, without any technical knowledge required. The WPS button enables quick connections between the AR-7186WnA/B and WPS compatible network devices; simply push the WPS button on each device to establish a secure connection, with no additional setup necessary.

Features:
- 4 10/100 Mbps RJ-45 auto MDI/MDIx ports
- Supports Wireless IEE 802.11b/g/n speeds up to 150Mbps
- Supports ADSL1/2/2+ (annex A & B)
- Detachable 5dBi antenna
- Setup wizard & WPS (Wi-Fi Protected Setup)
- Built-in security features

Price and Availability

Edimax AR-7186WnA/B comes with the MRP of Rs. 2,660 and expected to be available by March 2013 with 3 year warranty.

More information is available at www.edimax.com

COMPANY INFORMATION:
EDIMAX Technology is dedicated to the design, development, manufacture, and marketing of a broad range of networking solutions. Since EDIMAX was founded in 1986, the company has grown to be among the world's leading manufacturers of advanced network communication products. EDIMAX is headquartered in Taiwan (Republic of China) and has been listed at the Taiwanese Stock Exchange since 2001. In 2003, EDIMAX was ISO 9001 and ISO 14000 certified; and in 2009, the company's group revenue reached approximately US $110 million worldwide. EDIMAX's complete product portfolio fulfills all the connectivity needs of any network architecture or application requirement. Product availability may vary according to region.

New TV commercial of Pass Pass Chingles - Aaj Lee Kya"

Dharampal Satyapal (DS) Group has come up with a new TVC for Pass Pass Chingles- mini chewing gums. 

The campaign created for Chingles-  ‘Aaj Lee Kya’ is a call to the audience to break the monotony of their daily rut and infuse a little laughter and light heartedness in their lives with some harmless pranks on friends, family and colleagues.

The tagline also works as a reminder to use the brand almost on a daily basis. In the communication the product can be seen as a prank enabler.

The campaign consisting of 5 TVCs has been created by Dentsu Marcom.

The TV Commercial link can be viewed at:

http://www.youtube.com/watch?v=n_ynf8Flkms&feature=youtu.be


THE WORLD SOON GETS TALLER, AS EVERYONE STARTS PULLING LEGS!

Advertising breaks will become a delightful welcome break soon. As the funny bone in all of us gets tickled by three brothers who run riot in the mini soap operas with the DS Group’s latest campaign for their new mini gums. And, we feel somewhere Bruce Lee will be having hiccups.
DS Group marks its foray into the Rs. 1600 cr gum category with its new brand of mini gums
called ‘CHINGLES’. Launched under its flagship brand ‘PASS PASS’, Chingles is positioned as an antidote to the seriousness that creeps into our lives as we grow up to become responsible adults.


The campaign ‘Aaj Lee Kya’ is a call to the audience to break the monotony of their daily rut and infuse a little laughter and light heartedness in their lives with some harmless pranks on friends, family and colleagues. The tagline also works as a reminder to use the brand almost on a daily basis.

In the communication the product can be seen as a prank enabler.
The campaign consisting of 5 TVCs has been created by Dentsu Marcom.

The communication is presented in a series of TV commercials. The first one introduces the ‘Lee’ family. A crazy household with triplet brothers, who are always busy taking each other’s case through harmless tricks and gags. Their names – UngLee, KhujLee and GoogLee, each represent an expression commonly used to refer to taking someone’s trip.

The five TVCs are anecdotes of the three brothers playing pranks on each other. Another character that’s a part of this crazy set-up is JuLee, the neighbourhood damsel and the object of desire for all the three brothers. Apart from pulling pranks on each other, the three brothers are constantly trying to oust one another to get JuLee’s attention and to destroy the chances of the other if any.

The commercials are fast paced to almost give a Charlie Chaplinish feel; the retro execution, unique outfits and voices and innocently hilarious plots add to the frenzy of the films and make the campaign more memorable.


CHINGLES AAJ LEE KYA CAMPAIGN NOW LAUNCHES A BUBBLEE PRANK!
The Lee brothers return with yet another hilarious prank of theirs. This time the brothers KhujLee and GoogLee depict the proverb ‘Idle mind is a devil’s workshop’ in their classic style. The film opens on an ordinary day in the Lee household with UngLee lazing around with a book in his hands. But how could such peace last for long when you have a set of naughty siblings. Watch the clever craft of sibling rivalry that KhujLee and GoogLee exploit to trick UngLee into leaving his quantum of solace only to fall prey to another clever prank of his brothers.

Bloomberg TV India announces DOWN TO EARTH

A special series that captures the passion of Social Entrepreneurs
who are silently changing the face of India
        



Will be telecast starting February 2nd, 2013. January 28, 2013:

Bloomberg TV India, India’s premier business news channel, today announced the launch of “DOWN TO EARTH’, a special series that will highlight cutting edge developments in philanthropy and the social sector in India.

It is a series that celebrates the spirit of social entrepreneurship. Dasra, India's leading strategic philanthropy foundation is Bloomberg TV India’s ‘Knowledge Partner’ for this unique series. 

Down to Earth chronicles the stories of four social entrepreneurs viz., Inir Pinheiro of Grassroutes, Naveen Krishna of SMV Wheels, Rajesh Shah of SABRAS and Shilpi Kapoor of Barrier Break Technologies who are leading organisations that are successfully applying business ideas to create social good, employment and provide access to improved livelihood opportunities for the poor and downtrodden.

Grassroutes is based on the concept of responsible rural tourism owned and operated by local village communities. Community based tourism, where the community is at the centre of ownership, decision making and management, would ensure economic development with a check on the undesired effects of tourism.

Till date, Grassroutes intervention in two villages has resulted in an average increase of approximately Rs 1,800 in the annual income of each of 90 households. Mr. Inir Pinheiro, Owner, Grassroutes said “The greatest challenge in India is the lack of opportunities, especially livelihood opportunities. With this thought in mind, we explored tourism, which is known to be a good mechanism for economic development.

The key to developing any livelihood is sustainability and that is the prime reason I chose social entrepreneurship. In order to preserve this country we need to create sustainable livelihood opportunities and our endeavour is to create a million such opportunities”. SMV Wheels’ goal is to help atleast 10 million cycle rickshaw pullers in India achieve ownership and in doing so, transform the way they perceive themselves and, in turn, how they are perceived.

The idea of starting SMW Wheels was born out of interactions with 10,000 rickshaw pullers across 5 states in the country in a span of 4 years. Due to SMV Wheels for the first time cycle rickshaw pullers are able to truly profit from their power and achieve upward economic mobility. 

Mr. Naveen Krishna, Managing Director, SMV Wheels said, “I had witnessed the social and economic exploitation of cycle rickshaw pullers since my childhood and wanted to do something to improve their lives.  If we support a community that works the hardest, yet amongst the poorest, and bring a small change in their lives it will be the best success story for the other similar communities.

The smile and confidence they have after becoming the owner of their cycle rickshaw is my biggest encouragement.”  SABRAS was set up in 2007 to find institutional solutions which can bring the poor together, help them climb the next step of the value chain and in the process increase their productivity and profitability. SABRAS have created a model through which labourers in the world’s hardest conditions, through collective action, can build sustainable livelihoods. It is currently working with 43,000 marginalized salt producers located in the Little Rann of Kutch in Gujarat to help increase their overall profitability and productivity.  

Mr. Rajesh Shah, Chairman and Founder, SABRAS said, “My journey into social entrepreneurship started 35 years ago. After lobbying with the government to provide land to poor agriculture labourers, I realized the need to focus on wealth generation for these farmers by increasing their access to technology, markets and institutional credit. I was driven to find solutions for mainstreaming the marginalized through combining cause and commerce. I believe that in order to achieve inclusive growth one needs to reach out to the poor and help them run their enterprises professionally and achieve wealth generation.”  Barrier Break has initiated the first step of accessibility in India by creating an inclusive society. A society where equal opportunity is provided to all, ease of access to employment, education, social life, and encouraging independent living for all. Their aim is to make a difference in the lives of the people with disabilities and provide them with equal opportunities.

Ms. Shilpi Kapoor, Founder Director, Barrier Break Technologies said, “I always wanted to work with technology but didn’t want to do the usual things. I realised that it was difficult for the disabled to move around or use infrastructure and the use of web and technology could help solve this problem. I was intrigued by how people with disabilities would be impacted by technology and decided to pursue this as a career. . I had always wanted to be an entrepreneur because I believe that a team of passionate and committed people can achieve lot more than what a single person could. I wanted to make a difference and this proved to be the right path for me.”  

DOWN TO EARTH will be telecast every Saturday at 1:30pm and Sunday at 11.30 am exclusively on Bloomberg TV India. The first episode of this special series will be telecast on Saturday, February 02nd 2013. 

About Bloomberg TV India Bloomberg TV India - Nation’s premier business news channel with unique access to newsmakers and research-based data, illuminates stories that affect companies and industries. Bloomberg TV India provides immediate perspective on critical business news as it happens, from where it happens. Backed by an enviable squad of Indian journalists, global network of 150 bureaus and 2500 professionals, we deliver actionable insights to our viewers.  Bloomberg TV India’s focus on delivering breaking news and key insights aligns with Bloomberg's overall goal of being the world's most influential news organization. The core of the channel’s viewership is formed by influential leaders, business executives, and affluent professionals.  Bloomberg TV India is distributed by Reliance Broadcast Network Ltd., the multi-media entertainment conglomerate from the Reliance Group specializing in creating and executing integrated media solutions for brands.

Auto Engg Show to be held in June in Chennai


“A Platform for Auto & Component plants to learn about the right manufacturing technology“
 
 

  • This is the definitive platform for Vehicle and Auto-component companies to access latest technology and connect to providers of systems and processes to optimize of efficiency, quality and costs.
  • Awards to be presented to middle level / plant managers for Excellence in Innovation & Creative Automation
The seventh edition of the ‘Automotive Engineering Show (AES) 2013 is to be held at Chennai (Tamil Nadu, INDIA) from 6th – 8th June 2013 at Chennai Trade Centre. The show is the definite platform in India for Vehicle and Auto-component companies to deploy appropriate technology and will connect automobile manufacturers to providers of latest systems and processes to optimize efficiency, quality and costs. The event is largely targeted at mid-level functional executives & managers who are responsible for the quality and quantity of production especially those who arrange necessary materials, machines, tools etc. The event is organized by Focused Events, a leading B2B exhibition organizer headquartered in Mumbai.

Over 150 exhibitors are displaying world class automotive technologies and products including IT solutions in Design, Development, Planning and Manufacturing, Automation systems, Factory Control and Sensors,  Assembly Line System Integrators and Line builders, Machining Centers and Metal Cutting equipment including Laser cutting, latest concepts in Tools, Jigs and Fixtures for enhancing productivity, Specialized solutions in Welding including Laser welding, End to end In-plant (Material) Handling systems, Automotive Painting equipment, Paintshop Integrators, Robotics and Metrology, Quality Inspection & Vision System.

A unique feature about the present edition is the pavilion earmarked for Tier 2 & Tier 3 vendors offering components sourcing and manufacturing solutions. This would enable access to homegrown & economical products & technologies to the business visitors who largely comprise of OEMs and Tier 1 purchasing / procurement managers / directors, Plants heads, GMs and Production personnel from Planning, Quality, Design, Capital purchase, Procurement, Maintenance, R & D etc.

Like every year, the show will also include the presentation of ‘Excellence Awards for Innovation & Creative Automation’ rewarding pioneers in the fields of Quality, Safety, Energy Efficiency, Environment Protection, Productivity, and Value Improvement. AES 2013 is likely to break all records and attract more than 7000 visitors since it is being held at Chennai – one of the top 10 emerging global manufacturing centres for automobiles. 
 
For further information and registration, please log on to www.aes-show.com or write to sales@fe-india.com.

Flash Voyager GT Turbo flash drives from Corsair, the world's fastest USB 3.0 flash drives

Corsair Announces Flash Voyager GT Turbo USB 3.0 Flash Drives



January 31, 2013

Corsair®, a worldwide designer and supplier of high-performance components to the PC hardware market, today announced the Flash Voyager® GT Turbo flash drives, the world's fastest native USB 3.0 flash drives. Available in 128GB, 64GB, and 32GB capacities, the new flash drives deliver affordable, leading-edge file transfer speeds previously only available in far more expensive "USB 3.0 to SATA bridge" based drives.

The Flash Voyager GT Turbo USB 3.0 flash drives are housed in a sleek, sturdy, brushed metal housing with a convenient capless design. The new flash drives deliver transfer speeds never-before-seen in a native USB 3.0 flash drive, with read speeds of up to 260 MB/s and write speeds of up to 235 MB/s, 1.7times faster than other native USB 3.0 flash drives. The drives connect with USB 3.0 and USB 2.0 ports, and work with Microsoft® Windows®, Mac OS® X, and Linux® with no additional software required.

Thi La, Senior VP and GM of Memory and Enthusiast Component Products at Corsairat Corsair said, "The enormous file sizes of modern HD movies, music, and photos continue to push the need for greater storage space and faster file copy speeds. The Flash Voyager GT Turbo drives provide massive portable data storage and extreme transfer speeds at an affordable price point for consumers."

Thi LaSenior VP and GM of Memory and Enthusiast Component Products, Corsair quotes -
"The enormous file sizes of modern HD movies, music, and photos continue to push the need for greater storage space and faster file copy speeds. The Flash Voyager GT Turbo drives provide massive portable data storage and extreme transfer speeds at an affordable price point for consumers."



About Corsair
Founded in 1994, Corsair supplies high performance products purchased primarily by PC gaming enthusiasts who build their own PCs or buy pre-assembled customized systems. The company's award-winning products include DDR3 memory upgrades, USB flash drives, power supply units, solid-state drives, PC speakers, gaming headsets, gaming keyboards, laser gaming mice, system monitoring and control devices, PC cooling products, and computer cases.

Copyright © 2012 Corsair Components, Inc. All rights reserved. Corsair, the sails logo, Dominator, and Vengeance are registered trademarks and Air Series, Force Series, Carbide Series, GS Series, and Hydro Series are trademarks of Corsair in the United States and/or other countries. All other company and/or product names may be trade names, trademarks, and/or registered trademarks of the respective owners with which they are associated. Features, pricing, availability, and specifications are subject to change without notice.  

Wednesday, 30 January 2013

Dena Bank posts healthy growth in Q3


·       Total Income rises 33.05% to Rs. 2408.42 crore
·       Net Interest Income rises 13.62%
Mumbai, January 30, 2013: Dena Bank, India’s ‘Trusted Family Bank’, has announced that its Net Profit for the quarter ended December 31, 2012, has risen 10.58 % to Rs. 206.44 crore (unaudited) from Rs. 186.68 crore in Q3 FY 2013. The Total Income of the Bank grew 33.05% to Rs. 2408.42 crore (unaudited) from Rs. 1810.21 crore in Q3 FY 2013. The Board of Directors of Dena Bank Limited at its meeting held at Mumbai today, approved the audited accounts of the Bank for the quarter ended December 31, 2012. Shri Ashwani Kumar, Chairman and Managing Director, Dena Bank, announced the performance of the Bank after the adoption of the financial results for the quarter /Nine Months ended 31st December 2012 by the Board of Directors.

During Q3 FY 2013, Dena Bank’s Operating Profit grew 12.69% to Rs. 443.08 crore. The Net Interest Income (NII) grew by 13.62% to Rs. 614.90 crore. Net Interest Margin was down by 45 bps at 2.88%. The Gross NPA Ratio rose from 1.85% to 2.09%.  Net NPA Ratio grew from 1.10% to 1.31%. The Business Mix rose by 27.23%. The CASA stood at 30.98%. Agriculture Credit grew by 56.91%. MSME Credit grew by 28.69%. Retail Banking Credit grew by 15.90%. Capital Adequacy Ratio (Basel- II) stood at 11.47%. Tier I Capital increased by 19.15%. The Net Worth of the Bank at Rs. 4781.35 crore grew by 21.45%. Earning Per Share (EPS) stood at Rs.5.90 by 5.36%.

The Net profit of Dena Bank for the Nine Months ended 31st December 2012 increased to Rs. 684.72 cr as against Rs. 548.35  cr for nine months of previous financial year recording an increase of Rs. 136.37 cr (24.87%). The operating profit of the Bank for the Nine Months ended 31st December 2012 was at Rs. 1,338.11 cr as against Rs.1,052.91 cr for nine months of previous fiscal recording an increase of Rs. 285.20 cr (27.09%). During  nine  months  of  current  financial  year,  the  Total income stood at Rs. 7,015.11 cr in comparison with Rs. 5,209.94 cr for Nine Months ended 31.12.2011  showing  an  increase of  Rs. 1,805.17 cr [34.65%]. On comparison with nine months of FY 2011-12, the Interest income increased by Rs. 1,756.87  cr from Rs. 4,838.25 cr to reach Rs. 6,595.12  cr [36.31%] for the nine  months ended 31.12.2012. Non-interest income was  at Rs. 419.99  cr  as at 31.12.2012 as compared to Rs. 371.69 cr during nine months of previous financial year showing an increase of 12.99% . The  Net  interest  Income  [NII]  for  nine  months  ended  31.12.2012  was  at Rs. 1,821.13   crs  compared  to  Rs. 1,502.64  cr  during  the nine months  of  previous financial year recording a growth of 21.20%.


Return on Assets [ROA] was at 0.99%, and Return on Equity [ROE] was at 19.70% for the Nine Months ended December 2012. (Annualized). Cost to Income Ratio was at 40.29% for the Nine Months ended December 2012. Earnings per share  increased to  Rs. 19.56  as  at   31.12.2012  as    against  Rs. 16.45 as at 30.12.2011. (annualized). Book  Value  per  Share  rose  to   Rs. 141.66    as  at  31.12.2012 when compared to Rs. 123.72 as at 31.12.2011. Net Interest Margin: The Interest Spread to average interest bearing assets for Nine Months ended 31.12.2012 was at 2.92%. (Annualized). The Net Profit per employee was at Rs. 8.15  lakhs and the Net Profit per Branch was at Rs. 68.18 lakhs as at 31.12.2012. (annualized).

About Dena Bank
Dena Bank was founded on May 26, 1938 by the family of Devkaran Nanjee under the name Devkaran Nanjee Banking Company Ltd. It became a Public Ltd. Company in December 1939 and later the name was changed to Dena Bank Ltd. Dena Bank is amongst the first nationalised banks to enter equity market in November 1996.  It offers the entire gamut of banking services including Retail Banking, Corporate Banking, International Banking, Services, Priority & SME Banking amongst others. The Bank is the first public sector bank to introduce Tele-Banking facilities for its customers at selected metropolitan centers. Dena Bank offers minor savings scheme, credit card in rural India and customer rating system for rating the bank services.

For detailed information on the teviewed Financial results please click Here

HUL UNVEILS INDIA’S MOST ADVANCED ‘PUREIT MARVELLA UV’ WATER PURIFIER

Mumbai, January 28, 2013:

Pureit, World’s largest selling range of water purifier* brand from Hindustan Unilever Limited, has launched Pureit Marvella UV- premium  UV technology based water purifier that combines aesthetics with convenience at a great price. Featuring an ‘Advanced Alert System,’ the Pureit Marvella UV is India’s most technologically superior UV water purifier.



Many Indian households prefer UV water purifiers. But most of the current UV devices have no storage features, are bulky or demand daily attention. Pureit Marvella UV is the optimum combination of superior water purification technology, in-built storage, and greater convenience due to its compact form. The added benefit of a 15 day advanced alert system notifies users to replace the carbon filter guaranteeing safe drinking water along with peace of mind.

Commenting on the launch Mr. Badri Narayanan, GM Water, Hindustan Unilever said “Pureit has made great strides in revolutionizing water purification, combining innovative technologies with unique consumer benefits, ensuring safe drinking water for millions of consumers.

With Pureit Marvella UV, we take our first step into the premium UV water purifier segment, and guarantee an unparalleled set of features coupled with a beautiful design which will instantly appeal to consumers who not only want safe drinking water but also a purifier that goes a step further as an aesthetically appealing device that they can proudly display in their kitchen.”

Pureit Marvella UV comes with a variety of benefits:Advanced Alert System -

– it warns consumers 15 days prior to the day when the purifying power of the device is over so that a new Germkill Kit can be ordered in advance High Intensity UV lamp
–  powered by a 11 Watt UV lamp Pureit Marvella UV removes  1 crore virus from 1 liter of waterLarge 4 litre storage 
– ensures you always have purified water at your disposalAuto Shut-off
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– Pay as per use only thereby leading to significant savings over the life of your purifier Priced at Rs. 7,990/- Pureit Marvella UV is available at all leading consumer durable and household appliance retails outlets across India. Each Pureit device contains a unique advanced ‘Auto shut-off’ and meets the stringent germ kill criteria of Environmental Protection Agency (US) for removal of harmful bacteria and viruses.  Pureit now has multiple variants in its portfolio namely: 

Pureit Intella 12 litres, Pureit Classic 14 litres, Pureit Classic 23 litres, Pureit Auto Fill 23 litres, Pureit Marvella OGT, Pureit Marvella RO and Pureit Advanced 23 litres ranging from Rs. 900 and Rs. 13,500

For more information, please visit www.pureitwater.com

Tuesday, 29 January 2013

JSW Steel reports net of 137 Crores


JSW STEEL reported a net profit of ` 137 crores for the 3rdquarter ended 31st December 2012 in spite of inadequate availability of iron ore, inferior quality of ore with low Fe, high alumina and manganese and unreasonable prices for iron ore in E-auctions.
Notwithstanding these challenging environment, the Company showed improved performance with growth in Production and Sales volume of 8% & 14% respectively.


Performance Highlights: Standalone (Growth over YoY)


Products



Q3 FY’13



9M FY’13



Crude Steel Production (in MnT):




2.09



8%



6.41



20%



Sales (in MnT):







- Semis
0.08
-25%
0.24
-25%
- Rolled: Flat
1.66
15%
4.99
19%
- Rolled: Long
0.43
18%
1.22
22%

Total Saleable Steel (in MnT)



2.17



14%



6.45



17%



Net Sales Value ( ` crores)



8,275



5%



26,139



16%



Operating EBIDTA ( ` crores)



1,314



5%



4,612



16%



Profit after tax ( ` crores)



137



-19%



1,228



41%



Financial Performance (Standalone):

The Turnover and Net Sales for the quarter stood at `9,121 and `8,275 crores respectively showing a growth of 7% and 5% over the corresponding quarter of previous year. The Operating EBIDTA for the quarter is `1,314 crores with a margin of 15.8%.

Due to 4% depreciation in the value of the rupee against US Dollar during Q3 FY’13, the loss of `267 crores on restatement of foreign currency monetary items at close of the quarter has been provided. The Company as matter of prudence also made a provision of `60 crores towards carrying value of its investment in US Plate & Pipe mill. Both the items are considered as exceptional in nature.

The company posted net profit of `137 crores, down by 19% over the corresponding quarter of previous year mainly due to lower capacity utilization of 78% in the quarter.

The Turnover and Net Sales for Nine months ended 31st December 2012 stood at `28,688 crores and `26,139 crores respectively, showing a growth of 18% and 16% over the corresponding period of previous year. The Operating EBIDTA for Nine months ended 31stDecember 2012 is `4,612 crores, up 16% over the corresponding period of previous year. The company posted net profit of `1,228 crores, up by 41% over the corresponding period of previous year.

The Company's standalone net total debt gearing stood at 0.86 (vis-à-vis 0.75 as on 30.09.2012) and the weighted average interest cost of debt was at 8.18% (vis-à-vis 8.44%, as on 30.09.2012).

Iron Ore availability update:


Non availability of iron ore and poor quality of ore impacted the productivity by 20%. Most of the sponge iron, pig iron and pellet plants in the state of Karnataka are either closed or operating at around 20% capacity. Integrated steel players capacity utilization is at around 70%. The stock piles of 25 million tonnes ore more or less were auctioned; NMDC is not able to produce even after lapse of 17 months from the date of permission by Honorable Supreme Court, 1 million tonnes of iron ore per month. So far only 6 mines of Category A, B resumed operations when Honorable Supreme court approved resumption of mining in Category in September 2012. These mines produced 0.71 million tonnes so far but produced ore is not put to E-auction. At this backdrop, the Company expects improvement in availability of ore as per details hereunder.

Balance stock pile of around 1 million tonnes to be auctioned.

Besides 6 mines, balance 4 mines of CategoryA will also resume production in Q4 FY13 and all these mines together are permitted to produce 5 million tonnes per annum.

The Company expects that Honorable Supreme Court will consider resumption of mining in Category B mines with permitted production of 6 million tonnes per annum.
mines
NMDC is expected to enhance production to 8 to 10 million tonnes per annum.

The recommendation of CEC to cancel Category C  and auction them to end users is expected.

The availability of iron ore in the next financial year will be in the range of 19 to 21 million tonnes while Steel Industry in the State of Karnataka requires 30 million tonnes. However the company is exploring the possibility of using dumps with very low quality.

Projects:


New Cold Rolling Mill (CRM-2) Phase 1 and Phase 2 projects at Vijayanagar are progressing satisfactorily and will be completed during FY 2014/15. Non-Grain Oriented Electrical Steel project has been taken up for implementation and is expected to be completed in FY 2015.

Expansion and debottlenecking of coated products facility in Maharashtra from current capacity of 0.925 to 1.2 million tonnes will be completed in 1st quarter of next financial year.

Update on JSW Ispat Steel Ltd. merger:


The scheme of merger has been approved by the Competition Commission of India, National Stock Exchange of India and BSE Limited. As per the Bombay High Court direction, both JSW Steel and JSW Ispat convened meetings of its equity and preference shareholders on January 30, 2013 to seek their approvals for the scheme.

Outlook


Global economy is expected to grow by 3.5% in 2013. The world crude steel production for 2012 was 1548 million tonnes, a growth of 1.2% coming mainly from Asia, North America and Russia, while contraction reported in Europe. Global Steel demand is expected to grow by 3.2% in 2013, with raw material prices to be less volatile.

The Indian economy is bottomed out and expected to turn around in FY 2013-14 to stimulate steel demand growth while imports, mainly from FTA countries, remain a concern. Pragmatic policies on iron ore mining, speeding up of infrastructure projects and expected interest rate cut by RBI will boost demand for steel.

About JSW Steel Limited


JSW Steel Ltd., belonging to JSW group, part of the O P Jindal Group, is one of the lowest cost steel producers in the world. The group has diversified interest in mining, carbon steel, power, industrial gases, port facilities, Aluminium, Cement and Information Technology. JSW Steel Limited is engaged in manufacture of flat and long products viz. H R Coils, C R Coils, Galvanised/Galvalume products, Colour Coated Products, auto grade / white goods grade CRCA Steel, Bars and Rods. Incorporated in 1994, it has grown to about US $ 10 billion in less than two decades. JSW Steel Limited is one of the largest galvanizing and colour coating production capacity in the country and is the largest exporter of galvanized products with presence in over 100 countries across five continents.

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 earnings, our ability to manage growth, intense competition within Steel Industry including those factors which may affect 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 internal operations, reduced demand for steel, our ability to successfully complete and integrate potential acquisitions, liability for damages on our service contracts, the success of the companies in which – has made strategic investments, withdrawal of fiscal governmental incentives, political instability, legal restrictions on raising capital or acquiring companies outside India, unauthorized use of our intellectual property and general economic conditions affecting our industry. The company does not undertake to update any forward looking statements that may be made from time to time by or on behalf of the company.

Volvo Cars close the year 2012 with a 150% growth

Volvo Cars close the year 2012 with a 150% growth in sales Network



Mumbai: Swedish luxury car maker Volvo Auto India has been the fastest growing automobile brand in India in 2012. The company sold 821 cars in 2012, up from 320 units in 2011 which is almost a 150% growth is sales. The company now targets 35% growth in 2013 by clocking sales of 1100 units.



Speaking on the occasion, Tomas Ernberg, Managing Director, Volvo Auto India said, “A growth of 150% in sales figures was possible only because of strategic associations Volvo had last year.

In the beginning of 2012, Volvo brought its international Golf property, Volvo World Golf Challenge, to India in partnership with Professional Golf Tour of India (PGTI) and mid of this year it associated itself with the ‘crème de la crème’ fashion property, Lakme Fashion Week, as the Official Car Sponsor. Our foray in Golf and fashion stems from our strategy of engaging with the top 5% HNI who have the propensity to own a luxury car brand like ours.

The expansion of our dealer network signals the importance of the Indian market to Volvo Cars. We believe that India holds tremendous potential for our brand and want to make sure that we fully capitalize on the opportunities available while at the same time providing the best possible services for our customers at the best value at the most competitive prices. In Q4 we have appointed 3 new dealer partners in Ahmedabad, Bangalore and Gurgaon. We also managed to update our facilities in Chandigarh, Coimbatore, Chennai, Delhi, Ludhiana and Mumbai, Delhi and Ludhiana being a 3S (Sales Service and Spares) facility showroom. In 2013 VAI will continue its expansion in dealer network, starting with Kolkata.




About Volvo Auto India

Swedish luxury carmaker Volvo Auto India (VAI) established its presence in India in 2007 and has since then, worked intensively to market the Swedish brand in this country. Volvo Cars currently markets products through its dealerships in New Delhi, Bangalore, Gurgaon, Ahmedabad, Mumbai, Chandigarh, Ludhiana, Coimbatore, Hyderabad, Chennai, Kochi and Pune.

Brand Philosophy

‘Designed Around You’ is the brands translation of going an extra mile to understand customers better. This human-centric approach enables Volvo Cars to know the pulse of the customers and gauge what they desire in a product. With this thought the brand places the customer at the heart of its design. Every Volvo car boasts of cutting-edge technology with engineering that is executed around human values.

For more on Volvo Cars, please visit - www.volvocars.in

Hritik Roshan launches Rado HyperChrome collection


Hrithik Roshan launches the Rado HyperChrome collection in India


 


High glamour meets high-tech ceramic at Rado launch event

Mumbai, January 29, 2013:
 
Rado, the iconic watch brand, announces the official launch of the Rado HyperChrome collection in India. This collection represents a step forward in design for the Swiss master of materials. Optimum comfort and a streamlined, fluid case construction with specially developed, sleek side inserts, combine to bring a flash of brilliance to even the most discerning of wrists.

 
Talking about the collection at the special event, global Brand Ambassador Hrithik Roshan said,“I am proud to be associated with a brand like Rado, which is always innovating and always pushing boundaries. The brand values reflect my own desire to always push myself to work harder and achieve more. The Rado HyperChrome collection offers a choice of cool, classy and collectable watches. Each watch is an individual style statement.”


Speaking at the event, Rado CEO, Matthias Breschan says, “We are delighted that Hrithik was able to find time in his busy schedule to launch the Rado HyperChrome here today. He has been a wonderful brand ambassador since Rado started working with him in 2011. This is a very important new collection for Rado and I am confident that it will be a great success here in India, where Rado is a well-respected brand for discerning customers.”


Rado Hyperchrome XXL automatic chronograph



A total of 32 different models in the collection with a choice of quartz or automatic movements ensure that the Rado HyperChrome is as versatile as watch lovers’ styles and tastes are diverse. The collection’s stand out, models are super sleek, sporty chronographs with 45mm high-tech ceramic monobloc cases. Ultra-lightweight, seriously scratch resistant and dangerously desirable, they are available in black, white and platinum look plasma treated high-tech ceramic.


The Rado HyperChrome

is featured in the first Rado television commercial shot in India. The mini film showcases its global brand ambassador and acclaimed Bollywood actor, Hrithik Roshan, as he puts the watch through its paces to test its scratch-resistance. Classy, stylish and always on time, Hrithik Roshan is the ideal model for the Rado HyperChrome.

Rado: materials mastered.


RADO HYPERCHROME WINS GOOD DESIGNâ„¢ AWARD 2012


Rado-Hyperchrome01
 

Rado-Hyperchrome02
 

 

A WINNING END TO THE YEAR FOR THE RADO HYPERCHROME


Following a successful year of impressive launches and spectacular shows on the arms of Rado ambassadors, the Rado HyperChrome ended 2012 on a high note as the recipient of a prestigious Good Designâ„¢ award.

Founded in Chicago in 1950, Good Designâ„¢ is the oldest and one of the most recognised programmes for design excellence worldwide. This is the 5th time that Rado has won a Good Designâ„¢ award for one of its products.

The Rado HyperChrome Chronograph XXL was considered outstanding in terms of design by the jury, underlining Rado’s dedication to design and its continuing efforts to push boundaries.

MCX-SX Equity and Equity Derivative segment to be inaugurated on 9 Feb

MCX-SX Equity and Equity Derivative segment to be inaugurated on Feb 9, 2013 by
Hon’ble Union Finance Minister Shri P. Chidambaram
· Capital market regulator SEBI gave “commencement certificate” for trading in new segments such as Equity, Futures and Options on Equity, Interest Rate Derivatives and Wholesale Debt Market to the exchange last month.
· Ministry of Corporate Affairs (MCA), Government of India granted the status of a “recognized stock exchange” to MCX-SX last month.
· 270 membership applications already registered by SEBI out of the 496 applications submitted by the exchange. Exchange expects to cross the 350 count shortly.
Mumbai, January 28, 2013: The Equity and Equity derivative segment of MCX Stock Exchange (MCX-SX) will be inaugurated on February 9, 2013 by Shri P. Chidambaram, Hon’ble Union Finance Minister. Shri. U K Sinha, Chairman, Securities and Exchange Board of India (SEBI) and Dr. Arvind Mayaram, Secretary- Dept of Economic Affairs will also be present at the function to be held in Mumbai. Live trading in this segment will commence from February 11, 2013.
Commenting on the development, Mr. Jignesh Shah, Vice Chairman of MCX-SX, said, “Inauguration of MCX-SX equity segment will be a significant milestone not only for MCX-SX but the entire nation. Our exchange adds a new dimension to the exchange evolution by embedding growth and inclusion that are so critical for a country like India.”
Mr. Joseph Massey, MD & CEO, MCX-SX added “We will continue with our efforts to ensure equitable and inclusive growth of Indian Capital Market. In line with the regulator’s vision, our focus will be to increase the depth of markets, introduce new segments and strengthen participation of investors from across the country.”
MCX-SX was granted the status of a “recognized stock exchange” by the Ministry of Corporate Affairs (MCA), Government of India on December 21, 2012. It received “commencement certificate” from market regulator SEBI for trading in new segments such as Equity, Futures and Options on Equity, Interest Rate Derivatives and Wholesale Debt Market on December 19, 2012.
Earlier, MCX-SX received 700 applications for new membership, a world record for an exchange before going live during. A mock testing session for its Capital Market segment was held on the auspicious occasion of ‘Chhatt’ festival on November 19, 2012 to familiarise participants with this new trading platform of MCX-SX.