ICAI Press Release:Recommendations made by ICAI to ECI about Uniform Accounting & Auditing Framework for Political Parties

Dear Madam/Sir

 

Please find attached the Press Release issued by The Institute of Chartered Accountants of India(ICAI) regarding recommendations made by ICAI to Election Commission of India(ECI) about " Uniform Accounting & Auditing Framework for Political Parties."

 

Also, please find attached photograph of CA.G.Ramaswamy, President, ICAI for your reference.

 

In case of any clarification, you may contact the undersigned.

 

Regards

Ritu Bahl

Deputy Secretary

Public Relation Cell

Off:011-30110559

Mob: 09350799935

Press Release - KAVVERI TELECOM Q4 REVENUE UP 42%, NET JUMPS 16%

Hi,

Kindly find attached herewith the Press Release - KAVVERI TELECOM Q4 REVENUE UP 42%, NET JUMPS 16%.

Also attached is the results sheet for your reference.

Requesting you to carry the release in your esteemed publication.

KAVVERI TELECOM Q4 REVENUE UP 42%, NET JUMPS 16%

CONSOLIDATED NETJUMPS 48.5%, REVENUE UP 29%

Mumbai, May 31, 2011: Kavveri Telecom, a leading telecom equipment manufacturer, which provides world class hardware products and solutions for the telecom, defence and space industry today reported its quarterly profit & revenue numbers with a 42% rise in revenue and a 16% jump in the net profit for the quarter ended March 31, 2011 when compared to corresponding quarter of previous year.

While the company saw its net profit touching Rs. 7.75 cr for the last quarter, which is a Rs.1.09 cr rise over the corresponding period last year, its net sales increased by nearly 42 per cent to Rs. 75.83 cr in the reporting quarter.

For the year ended March 31, 2011, the company saw an increase in consolidated net sales by an impressive 29% from Rs. 243.43 cr to Rs. 314.63 cr. The profit after tax for the year ended March 31, 2011 stood at Rs. 38.20 cr, resulting into an increase of 48.5%, as against Rs.25.72 cr in the corresponding period of the last fiscal.

Commenting on the results, Mr. Shivakumar Reddy, Managing Director, Kavveri Telecom Products Limited said that, "We are extremely happy with the numbers. With the recent approval of the European acquisition which will take Kavveri to the next level, the future looks optimistic. We thank our share-holders for their continuous support & hope to receive the same in future."

 

About Kavveri Telecom Products Ltd.

Kavveri Telecom, a leading telecom manufacturer, which provides world class hardware products and solutions for the telecom, defence and space industry. Kavveri Telecom combines expertise with experience to deliver state-of-art products and solutions spanning the wide spectrum of wireless Telecommunications. The diverse range of products manufactured by Kavveri includes Antennas, RF (Radio Frequency) Components, Repeaters, TMA/TMB and many more.

Kavveri Telecom ranked No. 22 in "India's Fastest Growing Companies" by Business World.

In past four years Kavveri Telecom has acquired four different RF products and Antennas manufacturing companies in North America, these are:

Tiltek Antennae Inc: Acquired in 2006 designs, develops and manufactures Antenna for GSM, 3G, LTE and Wireless technologies.

DCI Digital Communications: Acquired in 2007, it designs, develops and manufactures RF products for different wireless technologies.

Soptwave Wireless Ltd: Acquired in 2008, it designs, develops and manufactures Intelligent repeaters for in-building solution for GSM,3G, LTE Technologies.

Trackcom Systems Internationsl: Acquired in 2009, it designs, develops RF products and antennas for defence and space applications.

 

 

For any further Information:
Ketan Sawant
M: 9892787586 / 8898887633
D: 022 40558961
E: ketan@conceptpr.com

--
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Thanks & Regards,
Ketan Sawant
Concept Public Relations Limited
Queen's Mansion | First Floor | Prescot Road | Next to Cathedral School | Fort | Mumbai 400001
O: 022.40558900 | D: 022.40558961 | M: + 91 9892787586 | F: 022.40558901

Press Release: Mr. S. Sridhar of Central Bank of India announcesStrategic Tie up with Angel Broking on the day of his retirement

 

Press Release

 

“Central Bank of India in a Strategic Tie up with Angel Broking for On-Line Trading”

 

 

Mumbai, May 31, 2011: Central Bank of India, one of the leading public sector banks in India and Angel Broking, India’s premium broking house today entered into a strategic tie-up, offering Angel’s on line trading services platform to the bank's customers. This tie-up will provide a complete bouquet of financial solutions to their customers across the country. The collaboration will provide Angel an access to the huge client base & Network that Central Bank of India has, helping it tap the untapped market & diversify its base.

 

The central theme of the solution is to make it easy for Central Bank of India customers to trade online, and manage all the three accounts i.e. Deposit, Demat and Trading with a single online interface. The platform allows the customer to lien mark funds from the Banks deposit account towards the Angel trading account; block and unblock shares between  Bank’s Demat account and Angel trading account; and finally trade instantly. If the customer does not use the funds for trading, the lien mark is automatically released.

 

The solution has been customized to meet the needs of customers across all segments. Central Bank customers have the choice of selecting Online Trading, Mobile Trading or a dealing facility through the phone. The customer can opt of one or more of the following segments: Equities, Futures & Options, Exchange Traded Currency Derivatives and Commodities, on the single platform. The platform also allows access to multiple exchanges, namely BSE, NSE, NCDX, MCX, and MCX-SX.

 

Announcing the tie up with Central Bank of India, Shri S. Sridhar (Chairman & Managing Director – Central Bank of India) said, In order to evolve as a vibrant organization matching customer expectations with various innovative banking and financial products, Bank is launching on-line trading facility by signing an agreement with Angel Broking, a leading Brokerage firm .Through this tie-up we will be able to introduce multiple customer centric initiatives. Our partnership strengthens and enhances Central Bank of India’s reach to provide comprehensive Finance solutions to a widespread customer base.

 

Mr. Dinesh Thakkar, Chairman & Managing Director, Angel Broking who is abroad at present in his message said “We are indeed proud to get associated with the Central Bank of India as their partners to offer seamless on-line trading platform to their customers. With our state of art Trading Platform, the bank’s customers will be able to trade across Equities, Futures & Options, Exchange Traded Currency Derivatives and Commodities with total transparency in their deals undertaken across Exchanges”.

 

 

Vinay Agrawal (Executive Director – Equities Broking, Angel Broking) adds, “Our mission is to provide the best of products and services to support customers in their business and personal progress. We are extremely excited with our partnership with Central Bank of India which gives us a big opportunity to bring value to the customers. This alliance will further boost our strategy of increasing our pan-India presence and thereby reaching to customers all across. I expect that the tie-up will further enhance our revenue. We are confident that through this collaboration, Angel can further leverage its strong product range to customers across India.”

 

For Further Information please contact: Mr. Krunal Mehta (V.P- Branding & Corporate Communications)    022-4000 3666 / 09867163634

 

 

Thanks & Regards,

Corporate Communications Team

 

  

6^th Floor, Ackruti Star

Central Road,MIDC

Andheri (E) , Mumbai-93

Main               : (91-22) 3935 7600  Extn : 6956

Website         : www.angelbroking.com

 

Press Release - AMD launches Indian Universities' first ever Faculty Development Program for OpenCL

 

 

 

 

News Release

 

 

Contact:

Raka Khashu, AMD India

+91 9811227445

Raka.Khashu@amd.com

 

Prasidha Menon, Edelman India

+ 91 9560188330

Prasidha,menon@edelman.com

 

AMD launches Indian Universities’ first ever

Faculty Development Program for OpenCL™ 

 

Bangalore- May 31, 2011: AMD India recently launched the first Faculty Development Program for OpenCL™ available in India. The three-day workshop was organized in partnership with Coimbatore Institute of Technology (CIT), Coimbatore, India and was the first of its kind to be organized in the country.

This workshop was attended by faculty members from various Engineering and Technology universities and colleges including CIT, SSN, Bharathiar University, Bharathidasan University-Technology Park, Amrita University, Avinashilingam University, SRM University, Anna University (CEG) - Chennai, PSG College of Technology, The American College, Karpagam University, Lady Dock College, Sri Bhagawan Mahaveer Jain College of Engineering and RV College of Engineering.

 

The program is targeted towards the OpenCL (Open Computing Language) standard, which is a framework for writing programs that execute across heterogeneous platforms consisting of Central Processing Units (CPUs), Graphics Processing Units (GPUs) and other processors. Faculty members were trained in the subject using AMD’s University Kit, a set of materials that can be leveraged by any Indian university to assist them in teaching a semester course in OpenCL programming. Included in the University Kit is a 13 lecture series, equipped with instructor and speaker notes, as well as code examples where necessary and can be downloaded from this link - OpenCL University Kit. The training methodology was interactive, using tools like case studies, live examples and free flowing discussions.

This effort underscores AMD’s commitment to the educational community, which currently includes a number of research initiatives, created to equip the next generation of software developers and programmers with the knowledge needed to lead the era of heterogeneous computing. OpenCL, the only non-proprietary, royalty-free industry standard available today for true heterogeneous computing, helps developers to harness the full compute power of both the CPU and GPU to create innovative applications for vivid computing experiences.

 

“With the launch of the AMD Fusion Accelerated Processing Unit, or APU, where AMD combined the GPU and CPU capabilities into a single die design, enabling outstanding graphics performance, improved energy efficiencies and exceptional compute capabilities, we have laid the foundation for heterogeneous computing,” said Mr. Jay Hiremath, Director, AMD Platform and Software Engineering, “AMD is committed to India through its investment in this market. We have a significant number of programmers and developers working at our R&D facilities in Hyderabad and Bangalore. With the advent of parallel computing, there is a need for creating a rich ecosystem of developers and programmers in the country, prepared for a changing global marketplace. This Faculty Development Program will facilitate exactly that, where large scale adoption of OpenCL will help leverage all the compute power at our disposal, be it in the CPU, GPU or APU “. 

 

Dr.S.R.K.Prasad, Correspondent, CIT reiterates, “CIT is on the road to working in many frontier technologies in various fields of engineering. OpenCL will be the future platform to depict and understand complex real life engineering applications, especially in the field of computer simulation which would help in understanding and solving many problems even in medicine, science and management. I think engineering and technology universities, across the country should incorporate OpenCL into their curriculum right from the undergraduate level up to the doctoral level. We, at CIT would like to take the lead on this, as it will give our students an edge to compete globally.”

 

With many universities in India now working actively towards adoption of OpenCL, the transition to the parallel computing era is ready for its next phase of development. For more information on the university courses currently offered, please visit the OpenCL Zone here.

 

Supporting Resources

·         OpenCL University Kit

·         Download the AMD APP SDK with OpenCL 1.1 Support

·         AMD Developer Central

·         AMD Fusion Developer Summit

·         The AMD Fusion Blog

 

 

About AMD:

AMD (NYSE: AMD) is a semiconductor design innovator leading the next era of vivid digital experiences with its groundbreaking AMD Fusion Accelerated Processing Units (APUs) that power a wide range of computing devices. AMD’s server computing products are focused on driving industry-leading cloud computing and virtualization environments. AMD’s superior graphics technologies are found in a variety of solutions ranging from game consoles, PCs to supercomputers. For more information, visit http://www.amd.com.

AMD, the AMD Arrow logo, and combinations thereof, are trademarks of Advanced Micro Devices, Inc.  OpenCL is a trademark of Apple Inc. and is used with permission by Khronos. Other names are for informational purposes only and may be trademarks of their respective owners.

 

 

 

 

 

 

Sahil Raina
Edelman India Pvt Limited G-05, Infantry Court 130, Infantry Road Bangalore 560 001 India	T    +91 (80) 2286 6784/0275  x112 F    +91 (80) 4123 9502 (telefax) M   +91 96633 94732 E    sahil.raina@edelman.com W   www.edelman.com B    Richard Edelman - 6 A.M.
Follow our Twitter newsfeed Download our research from Issuu Join our Facebook community	Connect with us on LinkedIn View our photostream on Flickr View our YouTube Channel

 

 

ICAI Press Release: Satyam Matter- LPA filed by Mr. S.Gopalakrishnan and Mr. S.Talluri

Dear Madam/Sir

 

Please find attached the Press Release issued by The Institute of Chartered Accountants of India(ICAI) regarding the decision taken today on May 30,2011 by Delhi High Court on the Satyam Matter – LPA filed by Mr. S.Gopalakrishnan and Mr. S.Talluri for stay of the proceedings by the Disciplinary Committee.

 

Also, please find attached photograph of CA.G.Ramaswamy, President, ICAI for your reference.

 

In case of any clarification, you may contact the undersigned.

 

Regards

Ritu Bahl

Deputy Secretary

Public Relation Cell

Off:011-30110559

Mob: 09350799935

CFA Institute's press release - Market volatility, fiscal deficits and rising inflation

Press Release

Market volatility, fiscal deficits and rising inflation concern the global investment professionals

CFA Institute draws out answers from delegate polling during its annual conference "Invest in the future" in Edinburgh, Scotland

Mumbai, 30 May 2011: CFA Institute, the global association for investment professionals, today announced the results of a focused audience poll conducted at the 64^th CFA Institute Annual Conference with the CFA Society of the UK held from 8-11 May 2011 in Edinburgh, Scotland recently. This audience poll was conducted at the conference which indicated three key concerns that investors need to watch out for in markets worldwide. 1) Higher-than-average global market volatility; 2) the threat of fiscal deficits and sovereign defaults; 3) and the potential for rising inflation are those three divisions.

The poll results among delegates offered directional indications about threats and opportunities on the horizon as investors grapple with fast-moving developments in the markets where they invest.

A slight majority of attendees who participated in the polling also felt that despite the response of global authorities to perceived gaps in financial regulatory regimes, regulators have, in general, "missed an opportunity to reform." And when it comes to the future of the euro, attendees were roughly split in their thinking: 33% said they thought 1-3 countries would abandon the euro, while 35% said that additional countries would join the euro bloc.

The key findings in the poll are highlighted below

Nearly, 42% said that rising inflation troubled them the most about the global economic outlook and 16% thought the biggest external threat to their investment is either water shortage/food supply in comparison to 55% who put it on "Sovereign risk: Fiscal deficits and default". As the rising price of gold was discussed at 23.73% in the past year, 31% predicted that "there's farther to run ($1650-$1825)" in a year from now to 23% quoted "Sky's the limit thanks to USD weakness (>$1825)", 26% said the "bubble will burst (below $1200) and 17% said, "we've reached the top (around $1500)"A very important prediction was made about which currency would challenge the US dollar's status as the world's reserve currency between now and 2030. Interestingly, 39% voted for "A basket / synthetic currency", 24% voted "Dollar will not be challenged", 19% said "Yuan", 8% said "Gold" and only 7% chose "Euro." For expectation for global market volatility in the next year, 74% was "higher than historical average", 19% were at "historical average" and 6% chose "lower than historical average."

- ENDS -

*Audience polling is not statistically significant and results do not necessarily reflect the views of CFA Institute.

Media Contact

Betty Wong CFA Institute, Asia Pacific Tel: +852 3103 9366 / +852 6110 0732 Email: betty.wong@cfainstitute.org

Rujuta Kothari Associate Ogilvy Public Relations Worldwide, Mumbai Office: +91-022-44344690 Email: rujuta.kothari@ogilvy.com

About CFA Institute
CFA Institute is the global association for investment professionals. It administers the CFA^® (Chartered Financial Analyst^®) and CIPM (Certificate in Investment Performance Measurement) curriculum and exam programs worldwide; publishes research; conducts professional development programs; and sets voluntary, ethics-based professional and performance-reporting standards for the investment industry. CFA Institute has more than 100,000 members, who include the world's 90,000 CFA charter holders, in 135 countries and territories, as well as 135 member societies in 58 countries and territories.

Follow CFA Institute online: www.cfainstitute.org│ twitter.com/CFAasia │ Facebook.com/CFAInstitute

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Press Release: South India leg of Toyota - IGU Junior National Tour commences tomorrow

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For Immediate Release Contact: Natasha Kini natasha@playright.in +91 9986 2279 72 For Immediate Release Contact Nayantara Pani nayantara@playright.in +91 9739 3635 29 Trishul and Shiv to defend titles at Toyota - IGU Southern India Juniors Tour   Junior golfers in contention for high national rankings   Bangalore, 30th May 2011: After a successful Northern run of the Toyota- IGU Junior National Tour, held in Noida; the rising stars of Indian Junior Golf arrive here to tee off the Southern edition of the tour, over four days at the par-72 Karnataka Golf Association from 31st May - 3rd June, 2011.   The Toyota - IGU Southern India Juniors will be played in four categories (Category A-Under 18; Category B-Under 14; Category C-Under 12 & Category D-Under 10) for boys and girls and will see a playing field of approximately 120 of the best junior golfers in the country, vying for the top national rankings.   Bangalore's Trishul Chinappa, the star golfer from the Under 18 Category will face stiff competition from fellow Bangaloreans Chikkarangappa and Syed Saqib Ahmed. Playing in the Under 14 category, Viraj Medappa is a serious contender for a title at this event and is currently ranked second in the category.   All eyes will be on Karandeep Kochhar, Tanvin Kahlon and Arjun Puri as the Star Boys in the Under 12 age category. Aadil Bedi, Harshjeet Sethi and Devansh Chadha are the young Under 10 golfers to look out for.   Bangalore's Suchitra Ramesh will hope to continue her winning streak at her home ground, against Riya Ahuja and Shruti Shenoy of the Girls Under 12 Category. Tanrika Singh of the Girls Under 10 Category, will want to stay on top of the order with her winning strokes.   With a home advantage Aditi Ashokh will look forward to retaining her top spot in the Under 14 - Girls category against Ridhima Dilawari and Vrishali Sinha. While, Gurbani Singh, Nikita Arjun and Raksha Phadke will be vying for the top honors in the Girls Under 18 Category.   The South India leg of the Junior National Tour is one of the eight tournaments that form the Toyota - IGU Junior National Tour, that also include the 7th Faldo Series to be held in Pune and the All India Junior Tour in Delhi.

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Press Release: Polaris Appoints Pranav Pasricha as Global Head for Insurance Business

 
 

Good Afternoon,

 Please find attached a press release titled "Polaris Appoints Pranav Pasricha as Global Head for Insurance Business".

 For more information please contact,

Dwaipayan Deb
Polaris Software Lab
Mobile : 91-9962536442
Ph:044-39874000 Extn 5356

---------------------------------------------------------------------------------------------------------------------- About Polaris: Founded in 1993 and publicly-listed, Polaris Software is the world's most sophisticated banking and insurance software company. Polaris is the chosen outsourcing partner for 10 of the top 15 global banks and 6 of the 10 top global insurance companies. Polaris offers state-of-the-art, comprehensive solutions for core banking, corporate banking, wealth & asset management and insurance. Over the last two decades, Polaris has implemented its solutions and services among 200 of the world's largest financial institutions. Polaris Software is also recognized by the world's top analysts (Forrester and Gartner) as global leaders in banking and insurance software. www.polarisFT.com Manage your subscription. If you wish to completely unsubscribe,please click this link © This e-Mail may contain Polaris proprietary information.

Press Release: Zylog Systems Ltd: Zylog Systems Ltd FY11 revenue up 95.5% at Rs 1916 crore and net profit up 44% at Rs. 145 crore

 

Zylog Systems Ltd FY11 revenue up 95.5% at Rs 1916 crore and net profit up 44% at Rs. 145 crore

 

Chennai, May 30th, 2011: Zylog Systems Ltd., a Chennai based leading technology solutions company and software service provider, today announced their fourth quarter and full year FY11 results.  

Highlights for the year ended March 31^st, 2011

·         Consolidated revenue for the year stood at Rs. 1916 crore, up 95.5% Y-o-Y

·         EBITDA margins at 15.3%

·         PAT stood at Rs.145.1 crore, up 43.8% Y-o-Y

·         EPS stood at Rs. 88.25, up by 41.7% Y-o-Y  

 

Highlights for the quarter ended March 31^st, 2011

·         Consolidated revenue for the quarter stood at Rs. 501.2 crore, up 47.8% Y-o-Y

·         EBITDA margins for the quarter stood at 16.3%  as against 19.3% in Q4 2010

·         PAT stood at Rs.34 crore; up by 21.5% over Q4 2010.

·         EPS for the quarter stood at Rs. 20.64; up by 12.9% Y-o-Y

 

Commenting on the results, Mr. Sudarshan Venkatraman, Chairman & CEO, Zylog Systems Limited, said "I am pleased to announce that Zylog has had a great year in terms of revenue growth with our consolidated yearly revenue closing at Rs. 1916 crore, an increase of almost 95%. While the acquisition of Brain Hunter had a role to play in this stupendous growth, what pleases me most is the fact that we have been able to drive operational efficiencies into our Canadian operations and we expect to continue this going forward."

He also added, "We are also buoyed by the bottom line growth on the back of increased acceptance of our products and solutions business which has displayed significant traction. From an Indian context, our retail business i.e. Wi5 is seeing increased acceptance across multiple states and we do foresee a strong growth for this business in the current fiscal."

The Board has also recommended a dividend of Rs. 8 per share on face value of Rs. 10.

About Zylog Systems Limited

Zylog Systems Limited (BSE Code: 532883, NSE Code: ZYLOG.NS) is an ISO 9001 certified and CMM Level 4 assessed provider of Onshore, Offshore & Near Shore Techonology Services. Zylog offers a range of IT products and solutions to its global customers across multiple verticals like Banking, Insurance, Telecom, Government, etc. Established in 1995, the Company presents substantial cost savings and enhanced performance associated with a secure and effectively managed global development model. The Company has strong presence in USA, Canada, Europe, Middle East, Singapore, Malaysia and India.

 

For further information, please contact:

 

Nithya Pasupathy Asst. Company Secretary – Zylog Systems Email: nithyap@zsl.com	Diwakar Pingle Christensen Investor Relations Email: dpingle@christensenir.com

 

 

 

 

Press Release: FINANCIAL RESULTS FOR THE FINANCIAL YEAR ENDED 31st MAR 2011

Hi,

Please find attached a press release from Unitech with regards to their financial results for the financial year ended 31st March 2011

Do feel free to contact for any further information
--

Thanks & Regards

Ann Marie De Souza

+91 9819099110

Press Release -“The Winning Way” By Anita & Harsha Bhogle

Dear Sir,

                                                       The Cricket Hero Suresh Raina launched

                                                      "The Winning Way"By Anita & Harsha Bhogle

 
What do sporting champions do, what makes winning teams, who is a good leader, why do only some teams keep winning while others win only for a while and then lose…Two IIMA alumni, Sports commentator and writer Harsha Bhogle and advertising and communication consultant Anita Bhogle dig into examples from sport to see how they can benefit managers in their first ever Book together aptly titled  "The Winning Way".

Please find below the press release and the photos for your perusal.

Regards,
Aswathy
--
Erudite PR
Maruthi Towers,
No: 155-156, 1st Floor,
TTK Road Alwarpet,
Chennai - 18
Ph: 4210 9946

Press Release: HDIL announces 4th Quarter Results- Net profit for the quarter is Rs.197.32 crores; PAT up by 7.55% YOY

Hi,

Kindly find attached a Press Release on HDIL Q4 results

• HDIL Net Income for the year 2010-11 is at Rs.1899.88 crores as compared to previous year 2009-10 Rs.1536.63 crores YOY
• EBITDA margins improved approximately 40% YOY
• Ongoing construction of  approximately 92 mn sq.ft

Key Business Highlights:

• HDIL had launched the second phase of Whispering Towers, its premier luxury residential project being developed at Mulund (W)
• Cash flow from operations are positive for the fourth quarter
• During the year 2010-11 company has launched approximately 75 lakh sq.ft as compared to 45 lakh sq.ft corresponding in the year 2009-10 total estimated sales of Rs.2888.67 crores as compared to Rs.1677.06 crores
• The company follows project completion method of accounting; approximately Rs.6000 crores of sales to be recognized over the next three years.

Do let me know should you require anything else.

Regards,

Ashwini Jain
Account Associate 

Rehem Mansion 1, 3rd floor, 42 Shahid Bhagat Singh Road,
Colaba, Mumbai - 400 001, India
T: +91 22 67524600   D: +91 22 67524605   F: +91 22 66335979
M: +91 9769830343   E: ashwini.jain@hanmermsl.com
www.hanmermsl.com | www.mslgroupasia.com | www.mslgroup.com