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| Kamdhenu Industries Limited holds plumbers meet Excelsior Correspondent JAMMU, Oct 3: Kamdhenu Industries Limited (KIL) launched the stainless steel pipes and fittings .........more Matrix
World Wide Excelsior Correspondent JAMMU, Oct 3: Biswaroop Roy Chowdhary, who claims .......more I-flex completes acquisition of Mantas MUMBAI, Oct 3: Financial solutions provider, I-flex Solutions Ltd today said it has completed the acquisition of US-based anti-money laundering and compliance .........more Rasandik Engineering invests in wholly-owned subsidiary MUMBAI, Oct 3: Rasandik Engineering Industries India Ltd today said it has invested Rs 98.90 lakh in Rasandik Auto ......more |
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Pantaloon Retail to form JV with UK
Co MUMBAI, Oct 3: Retail major, Pantaloon Retail India Ltd today said it will form a 50-50 joint venture company with UK-based Alpha Airports Group plc, to develop travel retail and food .........more Saksoft to acquire UK Co for Rs 77.85 cr MUMBAI, Oct 3: Chennai-based software solutions provider, Saksoft Ltd today said it will acquire 100 per cent share holding in UK-based Acuma Group for ..........more Dabur Pharma gets US nod for carboplatin NEW DELHI, Oct 3: Drug major Dabur Pharma today said its wholly-owned subsidiary Dabur Oncology Plc, UK, has got the US Food and ......more Tea prices continue to be lower COIMBATORE, Oct 3: Tea prices continued to witness lower trend in the Coimbatore auction held last week, industry sources said today.Orthodox ...........more |
Kamdhenu Industries Limited holds plumbers meet Excelsior Correspondent JAMMU, Oct 3: Kamdhenu Industries Limited (KIL) launched the stainless steel pipes and fittings at the general plumbers meet here, today. A large number of plumbers besides Vikrant Aggarwal and M G Aggarwal, Carrier Forwarding (CFs) Agents of Kamdhenu Industries participated in the meet. Introducing the new products, Amit Dwivedi,Area Sales Manager of KIL said these products are hygienic and durable. He said stainless Steel pipes and fittings can be used in all types of domestic water use such as normal drinking line, hot water line and for external use . For the hot water these pipes can function upto 100 degree C, he added. He said these pipes and fittings can resist the water pressure upto 30 kg which is many time more than PPR and G I Pipes. Highlighting the properties of KIL pipes and fittings, he said they are mostly hygienic products and have maximum water flow. He said this product is developed using latest and best available technology to maintain high quality product and uniformity. These pipes and fittings are available in all sizes from 1/2 inch to three inch along with stainless steel fittings like , Tee, Socket, Union, Elbow, Reducers and Nipples. |
Matrix World Wide launched in Jammu Excelsior Correspondent JAMMU, Oct 3: Biswaroop Roy Chowdhary, who claims himself to be the memory man of the world formally launched his company "Intelligence Matrix World Wide" in J&K today. Talking to reporters at the launch, Chowdhary said the J&K has been offered master and city franchisee under which 100 centers on average will be opened in the State. Each center will be within one and a half kilometer radius, he added. He said in these centers the memory technique courses will be conducted and training will also be imparted on Vedic Mathematics Abacus. This is an instrument for mental airthmetic, he informed . He said these skills though much more important than the school curriculum are not taught in educational institutions. He said next week Matrix World Wide will also launch first memory movie "Yad Rakhengay Aap" in Jammu. He said Matrix World has centers almost in every city of UP, MP, Maharashtra, Haryana, Punjab, Delhi and West Bengal and result of these centres are quite amazing. He said the training centres will be run during week end i.e Saturday and Sundays and the range of fee will be from Rs 100 to Rs 800 per month. |
I-flex completes acquisition of Mantas MUMBAI, Oct 3: Financial solutions provider, I-flex Solutions Ltd today said it has completed the acquisition of US-based anti-money laundering and compliance software vendor Mantas Inc for over Rs 561 crore (122.6 million dollars). Under a definitive agreement announced on August 14, Mantas was acquired in an all cash transaction of 122.6 million dollars and following the completion of all regulatory approvals, the US firm is now a wholly-owned subsidiary of the company. The CEO of Reveleus (a business of I-flex solutions) S Ramakrishnan, would take additional charge as CEO of Mantas, I-flex said. On the other hand, Mantas CEO Simon Moss would take on the role of Strategic Advisor to I-flex to focus on key projects and provide guidance and support for a smooth transition, it added. I-flex said in a communique on the Bombay Stock Exchange that Reveleus and Mantas would bring together two industry leading solutions into a single unified platform for governance, risk and compliance. (PTI) |
Rasandik Engineering invests in wholly-owned subsidiary MUMBAI, Oct 3: Rasandik Engineering Industries India Ltd today said it has invested Rs 98.90 lakh in Rasandik Auto Components Pvt Ltd (RACPL). With this investment, Rasandik Engineering has made RACPL its wholly-owned subsidiary, the company informed the Bombay Stock Exchange. The investment is made at par value of Rs 10 per share. The book value of RACPL, as on August 31, was around Rs 14 per share, it added. RACPL is likely to generate a turnover of Rs 30 crore for 2006-07. Shares of the company were trading at Rs 152.30, 3.71 per cent at the BSE. (PTI) |
Pantaloon Retail to form JV with UK Co MUMBAI, Oct 3: Retail major, Pantaloon Retail India Ltd today said it will form a 50-50 joint venture company with UK-based Alpha Airports Group plc, to develop travel retail and food catering business in airports across the country. The board of directors at its meeting recently approved an Memorandum of Understanding with Alpha Airports Group, Pantaloon Retail informed the Bombay Stock Exchange. A dividend of Rs 2.50 on shares of Rs 10 each (25 per cent) was also declared by the board, it added. The company decided to sub-divide every equity share of Rs 10 each to five shares of Rs 2 each, subject to shareholders approval. After the stock split the authorised share capital of Rs 35 crore would consist of 17.50 crore equity shares of Rs 2 each, it added. Alpha Airports Group operates over 150 shops in 15 countries with an annual turnover of over 880 million dollar and has been operating duty-free shops at Cochin International Airport since 2002. Shares of the company were trading at Rs 1,922, up 1.95 per cent at the BSE. (PTI) |
Saksoft to acquire UK Co for Rs 77.85 cr MUMBAI, Oct 3: Chennai-based software solutions provider, Saksoft Ltd today said it will acquire 100 per cent share holding in UK-based Acuma Group for Rs 77.85 crore (USD 17 million). The board of directors at its meeting yesterday approved a share purchase agreement to acquire 100 per cent share holding in Acuma Group, Saksoft informed the Bombay Stock Exchange. The transaction was concluded as per the terms and conditions of the said agreement, it added. Acuma is a provider of information management solutions, strategic consultancy, licensing and training services for business objects. Shares of the company were trading at Rs 102.40, up 4.97 per cent at the BSE. (PTI) |
Dabur Pharma gets US nod for carboplatin NEW DELHI, Oct 3: Drug major Dabur Pharma today said its wholly-owned subsidiary Dabur Oncology Plc, UK, has got the US Food and Drug Administration (FDA) approval for its anti-cancer drug carboplatin. ''Dabur Oncology Plc, UK, has been granted Abbreviated New Drug Application (ANDA) approval for its drug carboplatin,'' a company statement said. Dabur Pharma Ltd is a leading Indian company for cancer research and anticancer products. The company also markets a range of products in the cardiovascular, antibacterial, antidiabetic and digestive segments. It operates in Europe and
in some other markets through its fully-owned subsidiary
Dabur Oncology Plc. (UNI) |
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Tea prices continue to be lower COIMBATORE, Oct 3: Tea prices continued to witness lower trend in the Coimbatore auction held last week, industry sources said today.Orthodox Highgrown and Medium Broken Leaf quoted lower by Rs.2 to Rs.3 per kg, though Selected Well-Made Larger Tea maintained the previous levels. Brighter liquoring CTC Leaf witnessed restricted demand from upcountry buyers, while Medium and Plainer Bolder grades sold around last level, as other grades ruled lower by Rs.1 to Rs.3 per kg. Exporters, particularly to Pakistan, were very selective on better made small grades, the sources said. In the dust category, both Orthodox and CTC ruled easier by Rs.One to Rs.Two, with limited export enquiry on leafy cleaner sorts in Orthodox and major blenders operating on medium CTC. The Orthodox High Grown Broken quoted at Rs.62 to Rs.84, medium Rs.51 to Rs.55, while best/good CTC Brokens quoted at Rs.53 to Rs.56, Fannings at Rs.54 to Rs.56 and Medium at Rs.48 to Rs.52. Best CTC Dust ruled at Rs.60 to Rs.65, Good Rs.55 to Rs.60, Medium at Rs.50 to Rs.54/55, while Medium Orthodox Dust quoted at Rs.45 to Rs.55 per kg. Of the total offerings of
about 5.06 lakh kgs, dust teas comprised 3.06 lakh kgs,
the sources added. (PTI) |
Nokia announces new short-range wireless standard HELSINKI, Oct 3: Mobile technology firm Nokia said on Tuesday it was introducing what it hoped would be a new industry standard for short-range wireless connections between small devices. It said the new radio technology, to be known as ''Wibree'', would fit with other local linking systems, but use just a fraction of the power, allowing for smaller and cheaper applications. That would provide radio links of up to 10 metres (30 feet) between devices like watches or sports sensors. Nokia said it would also be easy to integrate with Bluetooth short-range radio technology, currently mostly used to connect mobile phones to devices like headsets, printers or microphones. The Finnish-based firm said companies working with it on defining the standard are Broadcom Corp., CSR Plc, Epson and Nordic Semiconductor, as well as Amer Sports unit Suunto, and Taiyo Yuden Co. Ltd. Nokia said it expects the first commercial version to be available during the second quarter of next year.(AGENCIES) |
Sitaram Ayurveda wins award 'Small Scale Entrepreneur' Award KOCHI, Oct 3: Kerala-based Sitaram Ayurveda Pharmacy Ltd (SAPL) has been selected for the Small Scale Entrepreneur National Award 2005, a company release said. The award, consisting of a a citation, plaque and cash prize, will be presented to SAPL Managing Director, D Ramanathan, by Finance Minister, P Chidambaram, at a function in Delhi on October 7. The annual award was instituted by the central government to encourage small scale industries to excel in performance and efficiency. The company is the first to receive the Good Manufacturing Practices (GMP) certification in the ayurvedic medicines field. Its factory in Panamukku in Thrissur district is also the first ISO 9001-2001 certified ayurvedic manufacturing unit in South India, the release said. Besides having branches and agencies in all the districts of Kerala, it has branches in Tamil Nadu, Karnataka, Andhra Pradesh, Maharashtra and Delhi and also exports to many countries. (PTI) UAE developer eyes India for resort projects DUBAI, Oct 3: UAE’s real estate developer Nakheel is planning to develop several hospitality projects in emerging markets like India. The initial markets in India being explored by Nakheel Hotels and Resorts include Mumbai, Delhi, Kerala and Goa. "We would be looking at hotel resort developments in India. It has got around 2,800 km of coastline, and there are very few hotels on that," Sunil Gomes, Vice President, Development, Nakheel Hotels and Resorts, told Emirates Today. "We are looking at India not just for Nakheel, but as an opportunity for the entire group. Dubai World is already there in terms of some investments in a few ports in India," he added. The company is talking to a number of key major players in the Indian hotel market by targeting all segments of the market. Plans are also afoot to leverage the heritage of India by converting old historic palaces into hotels and resorts. "There are about 600 to 1,000 palaces in India. Not a lot of those have been maintained. We would like to go and work in partnership agreements with the local Indian community, the Indian Government and Indian companies, to develop the palaces as a product. "It is a real shame to see them all disintegrate," said Gomes. Nakheel has also invested in Spice Jet, an Indian low-cost carrier, in which the group has a 25 per cent holding. Several leading UAE real estate companies such as Emaar Properties, Al Ghurair Group’s ETA Star, Al Rostamani Enterprises’ KM Properties, Nakheel, and Dubai Properties have announced major plans in the country. Emaar, the largest property developer in the Middle East, has announced a joint venture in India between Emaar and MGF Developments-Emaar MGF Land Private Ltd. In December 2005, Emaar MGF announced India’s largest foreign direct investment in real estate, for projects with a capital outlay of USD4 billion. Developments are planned in Delhi, Andhra Pradesh, Karnataka, Tamil Nadu and Maharashtra. ETA Star is developing a mall in the heart of Chennai and a one million-square foot tech park in the city’s IT corridor. KM Properties, another Mideast real estate major, has set up a huge real estate development fund for hotel and real estate development across Middle East and Asia. "We presently have property in Saudi Arabia and are exploring opportunities in India as well," Mohit Gupta of KM properties said. (PTI) |
Search engine marketing takes off in India NEW DELHI, Oct 3: After print, television and websites, it is the search engine advertisements that Indian marketeers are waking up to. Indians log around a billion searches on the Internet every month and the figure is growing. With an urge to grab the attention of this segment, around 40,000 advertisers, according to an industry study, are posting their ads on the search engines. An estimated amount of Rs. 236 crores was spent on the search engine marketing business, around 72 crores being spent by the companies in India, and the rest coming from the companies abroad. "We were surprised by the amount of money spent by foreign advertisers who are not even based in India," says Dr Subho Ray, president, Internet and Mobile Association of India (IAMAI) which commissioned the study. A search engine ad works in the following way: A search engine, say a Google or a Yahoo offers a service, which allows companies, for a small fee, to have a link to their website featured when a user searches a specific keyword which the company specified. In this way the company can hope that its site will get clicked by the user. This is also known as the ‘pay-per-click’ advertising. The advertiser pays when the user clicks on its advertisement, generally a weblink. This is considered a far better method to meet the target audience and their response. Of the one billion searches, over 300 million searches had ads on them, and almost five million of the ads featured were clicked on. This according to industry experts is a very good ratio. Talking about the growth of the search engine advertising, Mahesh Murthy, CEO of Pinstorm, which did the study, says, "for an industry that got off the ground a couple of years ago, it’s a huge leap." There were as many as 90 Indian brands that spent more than Rs. 10 lakhs a year on the search engine ads. According to the study, on an average, an advertiser in India pays Rs. 16.20 per ad. Top spenders include job sites, matrimonials, search engines and banks. "The spenders also surprised us as we had thought automobile industry would be dominating the list," says Ray. Although no direct figures from the industry were available for Pinstorm, they came to the conclusion through a complicated process and based the data for the month of August 2006. "What we did was analyse all data that was in public domain by running searches, noting the presence of ads by assigning a value to those ads from experience, and making some calculations," says Murthy about the report. "I think sky is the limit for this type of advertising, and we are not talking of the potential as we may just understate it," says Ray. (PTI) |
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