Monday, October 31, 2011

BWI: Synergy Public Relations nominated as Finalist for Asia Pacific SABRE Awards

Press release from Business Wire India
Source: Synergy Public Relations
Monday, October 31, 2011 05:23 PM IST (11:53 AM GMT)
Editors: General: Consumer interest, Entertainment, Lifestyle, People; Business: Advertising, PR & marketing, Business services, Media & entertainment
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Synergy Public Relations nominated as Finalist for Asia Pacific SABRE Awards


Mumbai, Maharashtra, India, Monday, October 31, 2011 -- (Business Wire India) -- Founded in the year 2000 by The Holmes Report; SABRE is the worlds largest award competition for the public relations industry, the SABRE awards celebrate PR campaigns that demonstrate the highest levels of creativity, integrity and effectiveness.

The SABRE Awards recognize excellence in public relations Programming. Over the past decade, the competition which separate programs in North America, the EMEA region and Asia Pacific - has grown to become the largest PR awards competition in the world attracting more than 3500 entries from more than 40 countries in 2008. The SABRE Awards mission is to raise the standards of the public relations industry globally by highlighting best practices from around the world and celebrating work that demonstrates the highest levels of creativity, integrity and effectiveness.

Synergy Public Relations, a leading public relations company has been nominated as one of the finalist for the Asia Pacific SABRE Awards 2011.

"Our Mission is to be the most sought after communications consulting firm. This nomination as a finalist To the Asia Pacific SABRE awards has excited and encourages us. It also tells us that we are growing in the right direction." Nawzer Kerawala, President, Synergy Public Relations

Synergy Public Relations is 16 years old, full serviced network PR and Media Relations Company headquartered out of Mumbai with full service company owned branches in Bangalore and Delhi. With a team of about 47 full time employees, Synergy PR has more than 4288 man days experience in lifestyle PR, technology PR, architectural PR, hospitality PR and brand PR as well as luxury PR communication. In the last four years Synergy PR has recorded a growth of 30 to 38 % year on year. Synergy Public Relations is also an active member of the PRCAI (public relations consultants association of India)

For more information kindly click on the link below:
www.synergypublicrelations.com


CONTACT DETAILS
Mr. Nawzer Kerawala, Synergy Public Relations, +91 (22) 26434448/26418669, synergypr2000@gmail.com

KEYWORDS
CONSUMER, ENTERTAINMENT, LIFESTYLE, PEOPLE, MARKETING, BUSINESS SERVICES, MEDIA

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BWI: RNCOS Expects Cement Consumption to Grow at 11% CAGR

Press release from Business Wire India
Source: RNCOS
Monday, October 31, 2011 01:55 PM IST (08:25 AM GMT)
Editors: Business: Business services, Construction, Heavy industries, Real estate, Retailers
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RNCOS Expects Cement Consumption to Grow at 11% CAGR


New Delhi, Delhi, India, Monday, October 31, 2011 -- (Business Wire India) -- According to our research report "Indian Cement Industry Forecast to 2012" the country's cement industry has witnessed tremendous growth on the back of various factors. Recent industry developments and government supportive policies are attracting global cement giants and sparking off a spate of mergers & acquisitions to spur growth. It is anticipated that, the country's cement consumption will grow at a CAGR of around 11% during 2011-12 to 2013-14.

This report is built using data and information sourced from various paid databases and public domains. Our research experts have examined all prominent emerging trends and drivers fueling growth in the industry. We have done an in depth analysis of the major segments, such as production, installed capacity, export, import, plant size, and consumption to present valuable information of different aspects of the cement industry.

Our report spread over 65 pages is an outcome of extensive research and detailed analysis of the Indian cement industry. The report throws light on the regional cement demand-supply outlook and Cement pricing analysis. A detailed view of the business description and recent developments of the key players is also provided. We have also provided forecasts for Cement installed production capacities, Cement consumption and production til FY 2014. Overall, the report is likely to provide clients a better understanding of the Indian Cement industry.

Get the Answers You Need to Shape Your Strategy

-- In terms of installed capacity, Southern Region's Andhra Pradesh topped the chart in 2008-09 at large plants in the country. What is the cement installed production capacity of different states in 2007-08 and 2008-09?

-- Fast growing economy and the regulatory support will promote the industry players to implement their expansion plans. What are the different emerging market trends driving the Indian Cement industry?

-- It is estimated that the government's support to several infrastructure projects, road networks, and housing facilities will propel the growth in the cement consumption in near future. What are the various upcoming projects and developments which will boost the consumption of cement in India.

-- Indian cement industry is facing the pricing crisis with the recently proposed budget passed by the Central government. What is the pricing range followed by companies in different regions of the country?

To download a free sample of the report, please follow the link below:

http://www.rncos.com/Report/IM129.htm



CONTACT DETAILS
Sara Matthews, RNCOS, +91 (120) 4224700203, press@rncos.com

KEYWORDS
BUSINESS SERVICES, CONSTRUCTION, HEAVY INDUSTRIES, REAL ESTATE, RETAIL

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BWI: Vriti Wins Deloitte Technology Fast50 2011 & Red Herring Top 100 Asia 2011 Awards

Press release from Business Wire India
Source: Vriti Infocom
Monday, October 31, 2011 01:23 PM IST (07:53 AM GMT)
Editors: General: Consumer interest, People; Business: Education & training, Media & entertainment, Publishing & printing; Technology
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Vriti Wins Deloitte Technology Fast50 2011 & Red Herring Top 100 Asia 2011 Awards


New Delhi, Delhi, India, Monday, October 31, 2011 -- (Business Wire India) -- Vriti, India's largest assessment driven smart education exchange bagged two prestigious awards "Deloitte Technology Fast50 Technology 2011" & "Red Herring Asia 2011". Vriti has made it to Deloitte Fast 50 for the second consecutive year.

"Prestigious Awards like these are an endorsement of Vriti's consistent ongoing efforts to leverage technology to bring smart education at a very affordable price" said Swapnil Shrivastav, Founder & Chief Executive Officer, Vriti,.

"The company's vision of building a Virtual Smart Teacher for students is finally becoming a reality. We will continue to be committed to our cause of taking technology driven education to the last mile. We plan to expand our footprint globally in the coming quarters" adds Pankaj Vermani, Co-founder & Chief Strategy Officer, Vriti.

The Red Herring 100 Asia highlights the most promising ventures from Asia every year and is one of the most coveted awards for innovative technologists around the globe. Deloitte Technology Fast50 recognizes the world's fastest growing and dynamic technology companies. Technology enabled Smart Education as delivered by Vriti's patent pending platform assists in personalizing course plan and content for students. Vriti has been showing phenomenal growth over the years in expanding in content, distribution & platform usage.

About Vriti : Vriti provides an assessment driven Smart Education Marketplace to Find, Create and Sell educational courses. It brings authors, distributors and students together using Vriti's platform. Smart education is enabled via Vriti's patent pending platform. This is achieved by combining test analytics data, student profile and peer community feedback guiding students to follow an optimal course plan and discover the right content.

Course Distributors include direct to consumer channel like Vriti.com or B2B partners like coaching institutes, schools, govt universities and Vriti Franchisees. With over 173 million questions analyzed, 870 distributors, 800,000+ questions loaded in the platform, over 1.2 million registered students across 121 cities it is India's largest education marketplace (data as of October 2011). Vriti is an IIT alumni venture started in 2006 backed by Intel Capital and JAFCO Asia. Vriti is a Deloitte Top 50 fastest growing tech company in India 2010,2011 and also a Red Hering Asia's Top 100 company.


CONTACT DETAILS
Naveen Goyal, Vriti Infocom, +91 9582460323, Naveen.goyal@vriti.com

KEYWORDS
CONSUMER, PEOPLE, EDUCATION, MEDIA, PUBLISHING, TECHNOLOGY

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BWI: POS solutions along with Loyalty Program Boost IT Spend in Retail Sector

Press release from Business Wire India
Source: Annik Technology Services Pvt. Ltd.
Monday, October 31, 2011 01:15 PM IST (07:45 AM GMT)
Editors: General: Consumer interest; Business: Business services, Information technology, Retailers; Technology
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POS solutions along with Loyalty Program Boost IT Spend in Retail Sector


Gurgaon, Haryana, India, Monday, October 31, 2011 -- (Business Wire India) -- The Retail sector is posing a great opportunity for IT marketers at its transition stage from unorganized to organized format. IT spend by Retail sector in India has been highest for last few years averaging 36% CAGR. The estimated spending on IT by retail sector in 2010 remained $1.07 billion according to a recent study done by Annik Technology Services. The study reveals that Retail in India spends maximum on business specific application followed by front end customer interaction and back end support function.

There has been a rapid expansion of organized retail formats and the concept of shopping is moving in and around hypermarkets, supermarkets, and specialty stores. India is witnessing a changing lifestyle, increased incomes, the demographic variability and vibrant democracy which have helped retail sector to grow and to take the shape of modern retail. The modern retail market is estimated $200 billion in the year 2014-15 which is over 30% of total retail.

"The customer profile is quite young and spending patterns have shifted upwards, thus creating a growing opportunity for the organized retailers to serve." says Partha Sarathi Sengupta, Senior Project Director at Annik Technology Services. There are more than 12 million retail outlets in the country, over the past decade there has been rapid expansion of organized retail formats.

In coming years, the focus on customer retention and loyalty will drive significant investments in retail IT. CIO's are churning out innovative ideas to enhance the customer's shopping experience.

The biggest problem facing the retail sector is the absence of much differentiation. There doesn't seem to be any difference in positioning between any of them. "Indian retailers seem to have finally understood that to survive in the long run; they need to do something different which would attract customers. The loyalty program seems to have brought solutions for them." opines Sengupta of Annik Technology Services.

According to the study by Annik Technology Services, shopper loyalty discount is the most important in-store factor which helps making brand decision. CIOs are experimenting with solutions involving the point of sale, such as printing coupons. Using their customer data collated over the years, CIOs are trying to understand the preferences of customers.

According to Sengupta of Annik Technology Services, "Retail sector has moved up in the value chain of technology adoption".

This has crossed the stage of implementing inventory management, on-line activities, accounting and billing etc and planning for mobile coupons. Consumer interest in promotions, higher adoption rates and usage of mobile data services and the ability to reach younger demographics are driving adoption of mobile coupons.

For any further information on this article please reach out to partha.sengupta@anniksystems.com

Annik Technology Services: Annik is uniquely positioned in Market Research & Consulting domain which blends Technology with Research & Analytics to provide Business Intelligence and reporting solutions. The technology based solutions helps in managing information in a very effective way enabling clients taking strategic decisions at any point of time.

For more information about the company, please visit our website at www.anniksystems.com

For our offerings on IT/Telecom, please click the link below:
http://www.anniksystems.com/mailers/mailer_11thaug2011/mailer.html


CONTACT DETAILS
Partha Sarathi Sengupta, Annik Technology Services Pvt. Ltd., +91 75031-44518, partha.sengupta@anniksystems.com

KEYWORDS
CONSUMER, BUSINESS SERVICES, IT, RETAIL, TECHNOLOGY

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BWI: SITA and Malaysia Airlines Scoop Capa it Innovation Award

Press release from Business Wire India
Source: SITA
Monday, October 31, 2011 12:41 PM IST (07:11 AM GMT)
Editors: General: Economy, People, Travel & tourism; Business: Business services, Hospitality, Media & entertainment, Travel & tourism; Technology
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SITA and Malaysia Airlines Scoop Capa it Innovation Award


New Delhi, Delhi, India, Monday, October 31, 2011 -- (Business Wire India) -- CAPA - Centre for Aviation today declared SITA and Malaysia Airlines the joint winners of the inaugural 'IT Innovation of the Year 2011' award. This top award is granted to the company that has established an effective industry model to deliver innovative IT solutions and recognizes the success of the airline working with SITA's strategic technology research arm, SITA Lab, to deliver true innovation.

Malaysia Airlines and SITA Lab were the first to introduce kiosks to sell airline tickets using the Apple iPad, as well as an augmented reality application for the Apple iPhone which allows customers to get the best airline deals from nearby airports.

Together Malaysia Airlines and SITA are leaders in social media innovation. They developed MHbuddy, which uniquely allows passengers to use Facebook to book and check-in for Malaysia Airlines flights and to integrate trip details into their social graph identifying friends who might be sharing flights, or who will be at their destination.

Peter Harbison, Executive Chairman of CAPA, said: "SITA has established an effective industry model, working with Malaysia Airlines, through its SITA Lab, to deliver a number of innovations. These may well be the precursors of similar initiatives and, as such, provide a model for imitation by others."

Accepting the award on behalf of SITA, Damian Hickey, SITA Regional Vice President, South Asia and India, said: "The partnership between SITA and Malaysia Airlines has been hugely successful. The list of firsts that our teams have delivered is impressive and demonstrates that innovative thinking can result in new ways of doing business."

Encik Ahmad Jauhari Yahya, Managing Director, Malaysia Airlines, added: "Our work with SITA Lab has been very fruitful and our passengers are embracing the innovative services we offer. Within six months more than10% of flight bookings coming through MHmobile came via our iPad kiosks. That's a huge success in just a matter of months and such encouraging customer response confirms Malaysia Airlines as the leading innovator in this industry."

The CAPA Aviation Awards for Excellence 2011 ceremony took place in Singapore as part of the eighth annual Asia Aviation Outlook forum attended by more than 300 aviation industry leaders from across Asia Pacific.

*Facebook® is a registered trademark of Facebook Inc.
*The iPhone and iPad are trademarks of Apple Inc., registered in the U.S. and other countries.


Notes to Editors:

About SITA

SITA is the world's leading specialist in air transport communications and IT solutions. SITA delivers and manages business solutions for airline, airport, GDS, government and other customers over the world's most extensive network, which forms the communications backbone of the global air transport industry.

SITA's portfolio includes managed global communications, infrastructure and outsourcing services, as well as services for airline commercial management and passenger operations, flight operations, aircraft operations and air-to-ground communications, airport management and operations, baggage operations, transportation security and border management, cargo operations and more.

With a customer service team of over 2,000 staff around the world, SITA invests significantly in achieving best-in-class customer service, providing integrated local and global support for both its communications and IT application services.

SITA has two main subsidiaries: OnAir, which is the leading provider of in-flight connectivity, and CHAMP Cargosystems, the world's only IT company dedicated solely to air cargo. SITA also operates two joint ventures providing services to the air transport community: Aviareto for aircraft asset management and CertiPath for secure electronic identity management.

SITA is one of the world's most international companies. Its global reach is based on local presence, with services for over 500 air transport industry members and 3,200 customers in over 200 countries and territories. Set up in 1949 with 11 member airlines, SITA today employs people of more than 140 nationalities, speaking over 70 different languages. SITA had consolidated revenues of US$1.46 billion in 2010.

For further information go to www.sita.aero

About Malaysia Airlines

Malaysia Airlines is the national carrier of Malaysia and one of Asia's largest, flying nearly 45,000 passengers daily to some 100 destinations worldwide across 6 continents. The distinctive Malaysia Airlines brand is an extension of the special culture of warmth and friendliness unique to Malaysians. This inimitable Malaysian sense of graciousness is branded as "Malaysian Hospitality" and symbolized by the acronym MH which is also the airline's flight code.

Malaysia Airlines holds a lengthy record of service and best practices excellence. It was the recipient of the inaugural "World's Best Cabin Staff" award by Skytrax in 2001 and continued to retain this title for 2002-2004, 2007 and 2009 - the most for any airline.

The national carrier of Malaysia was also the global pioneer in introducing the i-phone based "MHDeals" application for customers in 2009. This application allows customers to pick up the best airline deals from nearby airports and is the first in which an airline has exploited augmented reality commercially as a new channel for ticket sales.

Further information on Malaysia Airlines can be found at: (www.malaysiaairlines.com)


CONTACT DETAILS
Brenda Flinter,Public Relations Manager, SITA, +353 87 750 6229, Brenda.Flinter@sita.aero
Charlie Pryor,Director, Leidar, +44 (0)20 7031 8270, charlie.pryor@leidar.com
Jeanette See,Marketing Manager, South Asia & India, SITA, +65-6548-2638/+65-9231-0948, jeanette.see@sita.aero
Anbarasu.s,Manager ,Media Relations, Issues/Crisis Management, Malaysia Airlines, +603 7840 4485/+ 6019 222 4952, anbarasu.sundram@malaysiaairlines.com

KEYWORDS
ECONOMY, PEOPLE, TOURISM, BUSINESS SERVICES, HOSPITALITY, MEDIA, TRAVEL, TECHNOLOGY

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BWI: Infineon Strengthens Its Position as the Market Leader in Power Semiconductors – Renewable Energy Sources and Smart Grids Opens Up Additional Growth Potential

Press release from Business Wire India
Source: Infineon Technology India Pvt. Ltd.
Monday, October 31, 2011 11:51 AM IST (06:21 AM GMT)
Editors: General: People; Business: Automotives, Business services, Electronic appliances & components, Energy companies, Transport engineering; Technology; Automotive
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Infineon Strengthens Its Position as the Market Leader in Power Semiconductors - Renewable Energy Sources and Smart Grids Opens Up Additional Growth Potential


Neubiberg, Germany, Monday, October 31, 2011 -- (Business Wire India) -- Infineon Technologies is the global market leader in power semiconductors for the eighth consecutive year. According to IMS Research* data, Infineon again strengthened its position in 2010 and commands an 11.2 percent share of the overall market, ahead of Toshiba (6.8%), STMicroelectronics (6.5%) and Mitsubishi (6.5%). The IMS Research study shows that Infineon holds a market share of 8.6 percent in the discrete power semiconductor segment, making the company the clear number one there for the first time.

"We are delighted to have not just retained our pole position in the power semiconductor market, but also to have strengthened it. Infineon is now also the clear leader in the power discretes market," said Arunjai Mittal, Division President of the Industrial & Multimarket Division at Infineon Technologies. "The energy distribution from renewable energy sources requires efficient power lines and smart grids. This opens up additional growth opportunities for Infineon as leading provider of key components for raising energy efficiency - from energy generation and distribution to consumption."

IMS Research continues to see the longer-term prospects of the global power semiconductor market in a very positive light and forecasts market growth by around 50 percent to reach about US dollar 24.0 billion by 2015. Having undergone a distinct decline in 2009, the global power semiconductor market recovered in 2010, increasing by 40 percent to approximately US dollar 16 billion. That is two billion more than in the previous record year of 2008. The market for power semiconductor modules increased by 58 percent in 2010 to close on US dollar 3.5 billion. The power modules market growth is being driven primarily by industrial motor drives, renewable energy, hybrid and electric cars, and consumer electronics. In 2010, growth of the power modules market outpaced that of power discretes, which was up 37 percent to US dollars 12.3 billion. This segment benefited particularly from high demand in the sectors of PCs and servers, lighting applications, energy-efficient industrial and renewable energy applications, and household electronics. An increase in the production of air-conditioning systems and washing machines with variable speed drives (VSD) is being seen particularly in China.

Power semiconductors are instrumental in feeding as much as possible of the electric power harnessed from wind or solar into the grid, and in minimizing energy loss in long-distance transmission from the place where it is generated to the place where it is consumed. These energy-saving chips also enable efficient power supply for computers, servers and domestic appliances, and are essential for an efficient control of electric motors.

In order to take the success story of energy-saving chips forward, Infineon is already working intensively on future generations of power semiconductors. On October 10, 2011 the company announced having reached a technological milestone: Infineon became the world's first supplier to produce chips ("first silicon") on a 300-millimeter thin wafer for power semiconductors. At the end of July Infineon announced setting up Dresden as the site for high-volume production of 300-millimeter power semiconductors as part of the investment plans. Infineon will invest around Euro 250 million until 2014 for this purpose and will create approximately 250 jobs in Dresden.

Further information on Infineon's semiconductor solutions for energy efficiency is available at www.infineon.com/energy-efficiency

*Source: IMS Research report "The World Market for Power Semiconductor Discretes & Modules 2011", August 2011. IMS Research is a leading independent supplier of market research and consultancy to the global electronics industry. IMS offers syndicated market studies, bespoke client research and consultancy services to help clients better understand markets and shape strategies. The company was founded in 1989, and now has over 120 analysts worldwide with clients in over 50 countries. Further information is available at www.imsresearch.com

About Infineon

Infineon Technologies AG, Neubiberg, Germany, offers semiconductor and system solutions addressing three central challenges to modern society: energy efficiency, mobility, and security. In the 2010 fiscal year (ending September 30), the company reported sales of Euro 3.295 billion with approximately 26,650¹ employees worldwide. Infineon is listed on the Frankfurt Stock Exchange (ticker symbol: IFX) and in the USA on the over-the-counter market OTCQX International Premier (ticker symbol: IFNNY).

Mentioned number of employees contains about 3,075 employees of the wireless mobile phone business (Wireless Solutions), which was sold to Intel Corporation

Further information is available at www.infineon.com.
You will find this news release at www.infineon.com/presse

For the Business and Trade Press: INFIMM201110.007e


CONTACT DETAILS
Nidhi Srivastava, Manager - Communications, Infineon Technology India Pvt. Ltd., +91 9873404809, nidhi.srivastava@infineon.com

KEYWORDS
PEOPLE, AUTOMOTIVE, BUSINESS SERVICES, ELECTRONICS, ENERGY, TRANSPORT, TECHNOLOGY, AUTOMOTIVE

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BWI: Snapdeal.com – Winner of Red Herring Asia 2011

Press release from Business Wire India
Source: Snapdeal.com
Monday, October 31, 2011 11:37 AM IST (06:07 AM GMT)
Editors: General: People; Business: Business services, Information technology, Media & entertainment; Technology
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Snapdeal.com - Winner of Red Herring Asia 2011


New Delhi, Delhi, India, Monday, October 31, 2011 -- (Business Wire India) -- Snapdeal.com, India's leading e-commerce company, has been declared a Winner of Red Herring Asia Awards 2011, which took place in Hong Kong last week.

Red Herring's Top 100 list has become a mark of distinction for identifying promising new companies and entrepreneurs. "Choosing the companies with the strongest potential was by no means a small feat," said Alex Vieux, publisher and CEO of Red Herring. "After rigorous contemplation and discussion, we narrowed our list down from hundreds of candidates from across Asia to the Top 100 Winners. We believe Snapdeal.com embodies the vision, drive and innovation that define a successful entrepreneurial venture. Snapdeal.com should be proud of its accomplishment, as the competition was very strong."

"As Snapdeal continues its exponential growth trajectory, and rapid expansion into products e-commerce, we see this recognition by Red Herring as a commendation of our team's efforts over the last 18 months to build a best in class internet brand and technology company in India." says Mr. Kunal Bahl, CEO of Snapdeal.com.

Red Herring's editorial staff evaluated the companies on both quantitative and qualitative criteria, such as financial performance, technology innovation, management quality, strategy, and market penetration. This assessment of potential is complemented by a review of the track record and standing of startups relative to their sector peers, allowing Red Herring to see past the "buzz" and make the list a valuable instrument of discovery and advocacy for the most promising new business models in Asia.

About Snapdeal.com

Snapdeal.com is India's fastest growing e-commerce portal that features attractive offers everyday (50 - 90% off) on Dining, Health & Beauty, Entertainment, Travel and Branded Products like Electronics, Perfumes, Watches, Bags, Sunglasses, Mobile phones, among others across 50 cities in India. Snapdeal has been rated the #1 e-commerce site in India by Dataquest/Sapient E-commerce Survey 2011. With a fast growing member base of over 10 million, Snapdeal is amongst the 20 most visited websites in India (as per Alexa) and is adding around 3 new subscribers every second!


CONTACT DETAILS
Archaa Chopra, Value 360 Communications - An Affiliate of Huntsworth, +91 9811197946, archaa@value360india.com

KEYWORDS
PEOPLE, BUSINESS SERVICES, IT, MEDIA, TECHNOLOGY

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Friday, October 28, 2011

BWI: Sify Reports Revenues of $ 37.10 Million for Second Quarter of Fiscal Year 2011-12

Press release from Business Wire India
Source: Sify Technologies Limited
Friday, October 28, 2011 06:39 PM IST (01:09 PM GMT)
Editors: General: Consumer interest, Economy; Business: Banking & financial services; Technology
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Sify Reports Revenues of $ 37.10 Million for Second Quarter of Fiscal Year 2011-12
EBITDA for the Quarter at US$ 3.33 Million, Up 35% Over Previous Quarter

Chennai, Tamil Nadu, India, Friday, October 28, 2011 -- (Business Wire India) -- Sify Technologies Limited (NASDAQ Global Markets: SIFY), a leader in Managed Enterprise, Network and IT Services in India with growing global delivery capabilities, today announced its consolidated results under International Financial Reporting Standards (IFRS) for the second quarter of fiscal year 2011-12.

Performance Highlights Q 2 FY 11-12:

. Revenues for the quarter ended September 30, 2011 was US $ 37.10 million.
. Revenue from Enterprise services grew by 7.5% and from Software services by 22% over the corresponding quarter previous year.
. EBITDA for the quarter increased to US $ 3.33 million, as compared to US $ 1.10 million in the corresponding quarter previous year.
. Net loss before tax for the quarter reduced to US $1.39 million, as against a net loss of US $ 2.74 million in the corresponding quarter previous year.
. Capex during the quarter was US $ 4.60 million. Cash balance at the end of the quarter was US $ 20 million and undrawn line of credit stood at US $ 3 million

Mr. Raju Vegesna, Chairman & MD, said, "We are pleased to present our financial performance for the second quarter of FY 2011-12. Our Enterprise business continues to gain traction, supported by domestic growth in the corporate segment and a renewed spending environment.

On the services front, the focus on Network, IT and software services as core offerings is beginning to show results.

As the largest spender on IT and Network services, the government represents a significant growth opportunity for Sify and will remain an important focus area. The recently announced Telecom Policy is a step in the right direction in creating a level playing field among IT and Telecom service providers.
Our SOHO/SMB base grew by 60%. More than half of these signups came from Tier II and III towns helped by our expanding footprint.

Visitors to our Sify.com portal grew by 19% versus same quarter last year, helped by the launch of Health and Technology portals and the strength of Sify Sports.

Software services continues its evolution towards a strong position in providing on-demand software-enabled services to enterprise customers. Our Skills Assessment and e-Learning solutions are gaining momentum and gaining acceptance across a larger customer base. Our Content and Collaboration services on SaaS and mobile platforms have generated considerable interest from enterprises who are looking for cost effective means of business communications.

The overall outlook for growth in India is positive and we continue to invest in expanding our network, data centers and other infrastructure. Our network and data centre expansion and commissioning of cable landing station are proceeding as per plan.

We remain very positive on the outlook for ICT services in India, which is supported by favorable regulatory trends. The proposal to allow Voice-over-IP domestically in India also provides new opportunities for data-focused operators, such as Sify."

Mr. MP Vijay Kumar, Chief Financial Officer, said, "The Company remains operating cash flow positive, with operating expenses contained within our operating cash flows for yet another quarter. While our new capital expenditures continue to exceed operating cash flows, as we continue to invest for future growth, it is important to note that our Capacity utilisation has improved during the quarter.

There has been an improvement in gross margins owing to increased engagement with the customers and roll-out of several value added services.

The proposed inclusion of telecom projects within the funding ambit of India Infrastructure Finance Company (IIFCL) will open up more funding options for this sector. It is also expected to extend the tax concessions enjoyed by the infrastructure industry to the telecom sector.

As previously reported, the promoters have paid in additional capital of Rs.100 crores pursuant to the subscription agreement.

Cash balance at the end of the quarter was US $ 20 million and undrawn line of credit stood at US $ 3 million."


BUSINESS HIGHLIGHTS:

Enterprise business

Network services

. Network services registered a growth of 18% over last quarter inspite of strong pricing pressure
. The International Voice business remains strong, with ILD voice registering about 704.5Mn minutes for the quarter.
. The launch of our Audio conferencing services has enriched our suite of Voice service offerings to our Enterprise customers

IT Services

. The Hosting business registered a 77% growth over previous quarter.
. Our Cloud services has grown by 100 % over same quarter last year
. IT Security has grown by approximately 99% over previous quarter.

Commercial & Consumer

. Our SOHO/SMB signups have grown over 60% with more than 55% of new sign ups coming from Tier II and III towns.
. Continuing the month-on-month growth since the re-launch of the Sify My-Life outlets, our retail presence now extends to approximately 2000 locations.
. Launch of several initiatives including Health and Technology channels has resulted in Sify.com registering a YoY growth of 19% with unique or first time visitors totalling 3.02 million.


Sify Software services

. Enterprise Applications Services grew by 14% over the previous quarter and 53% over the same quarter last year.
. The eLearning business showed quarter on quarter growth, aided by new client wins as well as growth in existing customer accounts. We signed up 3 new large accounts across the globe, including one of the world's largest pharmaceutical companies.
. Our partnership initiatives include a tie-up with a leading US based learning and consulting solutions organization to launch a custom-learning mobile application
. iTest grew by 58% over previous quarter. Our development pipeline includes an iTest platform for BPO/Govt. segment and version 11.0 for SLEMS for our Messaging offerings.

About Sify Technologies

Sify is among the largest Managed Enterprise, Network and IT Services companies in India, offering end-to-end solutions with a comprehensive range of products delivered over a common telecom data network infrastructure reaching more than 667 cities and towns in India.

A significant part of the company's revenue is derived from Corporate Services, which include corporate connectivity, network and communications solutions, security, network management services, enterprise applications, voice and hosting. Sify is a recognized ISO 9001:2008 certified service provider for network operations, data center operations and customer support, and for provisioning of VPNs, Internet bandwidth, VoIP solutions and integrated security solutions, and ISO / IEC 20000 - 1:2005 and ISO/IEC 27001:2005 certified for Internet Data Center operations. Sify has also established a credible reputation in the emerging Cloud Computing market and is today regarded as a thought leader in the domain. Sify has licenses to operate NLD (National Long Distance) and ILD (International Long Distance) services and also offers VoIP back haul to long distance subscriber telephony services. The company is India's first enterprise managed services provider to launch a Security Operations Center (SOC) to deliver managed security services.

Sify also caters to global markets in the specialized domains of eLearning Services and Remote Infrastructure Management Services.

Sify Software was established with the cumulative experience gained over the last decade in Infrastructure Management, Data centre Operations and the business of Connectivity. It aims to be a solutions company that provides applications and services to improve business efficiencies of its current clients and prospect client bases.

Commercial & Consumer services include broadband home access and the ePort cyber café chain across more than 243 cities and towns in India. Very recently, Sify also introduced a whole host of services for the retail consumer on the Consumer cloud platform, thereby becoming among the first to do so in India. Today, the scope of the Commercial and Consumer services has been broadened to target the SMB/SOHO markets. The consumer services also operate two of the most popular portals in India, Sify.com and Samachar.com.

For more information about Sify, visit www.sifycorp.com.

Forward Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The forward-looking statements contained herein are subject to risks and uncertainties that could cause actual results to differ materially from those reflected in the forward-looking statements. Sify undertakes no duty to update any forward-looking statements.

For a discussion of the risks associated with Sify's business, please see the discussion under the caption "Risk Factors" in the company's Annual Report on Form 20-F for the year ended March 31, 2011, which has been filed with the United States Securities and Exchange Commission and is available by accessing the database maintained by the SEC at www.sec.gov, and Sify's other reports filed with the SEC.

To view the Unaudited Financial Results and the Press Release with Tables, please click on the links given below:

Financial Results Press Release- Final


Financial Results


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

http://www.BusinessWireIndia.com/attachments/Financial results Press release-FINAL.pdf
Financial results Press release-FINAL.pdf
http://www.BusinessWireIndia.com/attachments/FINANCIAL HIGHLIGHTS.pdf
FINANCIAL HIGHLIGHTS.pdf


CONTACT DETAILS
Mr. K. V. Kasturi, Investor Relations, Sify Technologies Limited, +91-44-2254-0777 (ext. 2114), kasturi.bashyam@sifycorp.com
Mr. Praveen Krishna, Corporate Communications,, Sify Technologies Limited, +91 44 22540777 (extn.2055), praveen.krishna@sifycorp.com
Ms. TrĂșc Nguyen,, Grayling Global,, +1-646-284-9400 (ext. 418),, tnguyen@hfgcg.com
Mr. Christopher Chu,, Grayling Global,, +1-646-284-9400 (ext. 426),, christopher.chu@grayling.com

KEYWORDS
CONSUMER, ECONOMY, BANKING, TECHNOLOGY

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BWI: Fantastic Puja ceremony performed by Amul to bliss Sauber F1 Team

Press release from Business Wire India
Source: Amul
Friday, October 28, 2011 03:32 PM IST (10:02 AM GMT)
Editors: General: Consumer interest, Food & drink; Business: Commodities & materials
--------------------------------------------------
Fantastic Puja ceremony performed by Amul to bliss Sauber F1 Team


Anand, Gujarat, India, Friday, October 28, 2011 -- (Business Wire India) -- Today the unique puja ceremony was done to bless the Amul branded Sauber F1 team. India's largest food brand Amul is the official partner of Sauber F1 team. This ceremony was attended by the national and international media. The Managing Director of Gujarat Co-operative Milk Marketing Federation Limited (Amul) shri R S Sodhi,the Sauber Managing Director Ms Monisha Kaltenborn, the drivers Kobayashi and Perez were also remained present on the auspicious occasion.

The team loved the auspicious Indian start to the races with pundit performing the puja with chanting pious slokas from Veda and also seeking blessings of Lord Ganesha for a great race filled with success and safety for all. This was totally unique type of Indian traditional ceremony which no other team has performed.

To view the photographs, please click on the link given below:

A pundit performing puja of the car

A group photo of the Shri R S Sodhi MD Amul,Ms Monisha Kaltenborn,MD Sauber and car drivers Kobayashi and Perez with race car
For picture(s)/data to illustrate this release click below:

http://www.BusinessWireIndia.com/attachments/1(144).jpg
1(144).jpg
http://www.BusinessWireIndia.com/attachments/2(47).JPG
2(47).JPG


CONTACT DETAILS
Shri R S Sodhi,Managing Director, GCMMF Ltd,Anand,India, +91 9375032201, sodhi@amul.coop

KEYWORDS
CONSUMER, FOOD, COMMODITIES

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Thursday, October 27, 2011

BWI: SurveyFlashTools.com becomes SurveyWidgets.net

Press release from Business Wire India
Source: Annik Technology Services Pvt. Ltd.
Thursday, October 27, 2011 01:46 PM IST (08:16 AM GMT)
Editors: General: Consumer interest; Business: Business services, Information technology; Technology
--------------------------------------------------
SurveyFlashTools.com becomes SurveyWidgets.net
HTML5 and other tool formats as reason for new name

Portsmouth, New Hampshire, United States, Thursday, October 27, 2011 -- (Business Wire India) -- Annik, a leading research technology services company based in India, with offices around the world, has changed the name of SurveyFlashTools.com to SurveyWidgets.net.

The solution offers a collection of online tools that can be easily loaded into online survey software such as Confirmit, IBM Dimensions, Nebu, API and others to make surveys more entertaining while also increasing the likelihood that respondents will complete them. The collection includes survey and ranking tools, video rating tools, highlighter tool, as well as discrete choice and slider tools.

"Right now, the majority of online market research companies use flash based tools," said Rahul Sahgal, CEO of Annik Technology Services, which owns SurveyWidgets.net. "With the introduction of tablet PCs, research companies are looking for tools written in programs other than Flash," he explained. Sahgal added that SurveyWidgets.net will be adding HTML5 based tools to the site in the near future.

One reason for SurveyFlashTools.com's popularity has been its low cost, when compared to having Flash tools custom designed. SurveyWidgets.net will continue that trend with a choice of cost plans, including a "pay per hit" model as well as an "unlimited use" subscription model. To view the site, visit www.surveywidgets.net
.
About Annik

Annik partners with leading research companies who do market research and surveys, marketing analytics and other forms of market research & analysis, to deploy highly efficient, high quality global research. As the leader in providing innovative global research solutions to clients around the world such as GFK, NPD, ISA, Annik's services are delivered through a combination of deep research domain expertise and the latest technologies. An exceptionally strong software team applies technical innovation in areas that include data analytics software, survey marketing research, online sampling and survey programming. Annik partners with clients to optimize data collection, increase data quality and deliver efficiencies through report automation. This provides our clients a competitive edge to successfully drive efficiency in market research operations and deliver solutions quickly to market.


CONTACT DETAILS
Sana Usta, Annik Technology Services Pvt. Ltd., 603.319.8823, Sana.Usta@anniksystems.com

KEYWORDS
CONSUMER, BUSINESS SERVICES, IT, TECHNOLOGY

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BWI: Wipro and Workday enter into an Alliance to help customers build 21st Century HR organizations

Press release from Business Wire India
Source: WIPRO
Thursday, October 27, 2011 11:00 AM IST (05:30 AM GMT)
Editors: General: Consumer interest; Business: Accounting & management consultancy services, Business services, Information technology; Technology
--------------------------------------------------
Wipro and Workday enter into an Alliance to help customers build 21st Century HR organizations


Workday Rising, Las Vegas, United States, Thursday, October 27, 2011 -- (Business Wire India) -- Today at Workday Rising 2011, Wipro Technologies, the global Information Technology, Consulting and Outsourcing business of Wipro Limited (NYSE:WIT) announced that it has entered into an alliance with Workday. Wipro will provide Consulting and IT Services to clients deploying Workday solutions. Workday is the leader in SaaS-based enterprise solutions for global human resources, payroll, and financial management.

Wipro has identified Cloud Computing to be the driver of a new wave of innovation. Wipro has helped customers adopt and integrate cloud services into their enterprise systems with an integrated solutions approach and managed IT as a service.

According to a Forrester report*, the Software as a Service (SaaS) market today represents the largest public cloud market by far, with USD 21.2 billion in total revenues in 2011. By 2016, SaaS will have total revenues of USD 92.8 billion - accounting for roughly 26% of the total packaged software market.

In today's rapidly changing business environment, HR organizations are responding by building 21st Century HR operations by leveraging new technologies, strategies and models. Workday's innovative cloud based business management solutions combined with Wipro's vast experience in optimizing and integrating cloud based solutions will enable organizations to achieve accelerated value.

Wipro's Human Capital Management Services helps customers build a "people plan" based model using solutions that range from deploying new technology or creating a shared services center to outsourcing and best-shoring.

Wipro is Diamond sponsor at Workday Rising 2011. Wipro will showcase its unique HCM offerings that help customers accelerate business value with Workday, including Wipro's Cloud & Beyond for HRO. Cloud & Beyond for HRO is an innovative BPO solution that will integrate Workday with Wipro's process and workflow management tools supported by Wipro's implementation expertise, process support and transition management services. This unique solution will allow clients to manage HR operations in a more effective and efficient manner. Experts from Wipro will present on how they drive business value as a Human Capital Management Transformation partner to global organizations.

"We are excited to join forces with Workday and the opportunity it creates to rapidly accelerate the momentum Workday has built in the enterprise market," said Preet Takkar, Global Head - Cloud Applications & Solutions, Wipro Technologies. "With increasingly decentralized workforces, the rise of social networking, and rapidly evolving government, privacy, and regulatory compliance requirements, the value of a truly integrated enterprise solution is significant. It effectively aligns industry best practices with the overall business objectives of a company."

"Wipro is one of the leading global systems integrators when it comes to experience in delivering enterprise solutions.," said Jeff Pulver, vice president, Business Development, Workday. "The combination of their services expertise with Workday's industry-leading solutions will deliver tremendous benefits to clients."

Forrester Research, Inc. Report "Sizing The Cloud: Understanding And Quantifying The Future Of Cloud Computing", published April 21 2011

About Workday Rising

Workday Rising 2011 is the company's fifth annual gathering of Workday customers, partner sponsors, prospective customers, and employees coming together to learn, collaborate, and network. It is Workday's largest customer event of the year, with overwhelming support from Workday's customer base of more than 230 companies.

About Wipro Technologies

Wipro Technologies, the global IT business of Wipro Limited (NYSE:WIT) is a leading Information Technology, Consulting and Outsourcing company, that delivers solutions to enable its clients do business better. Wipro Technologies delivers winning business outcomes through its deep industry experience and a 360 degree view of "Business through Technology" - helping clients create successful and adaptive businesses. A company recognized globally for its comprehensive portfolio of services, a practitioner's approach to delivering innovation and an organization wide commitment to sustainability, Wipro Technologies has 120,000 employees and clients across 54 countries. For more information, please visit www.wipro.com

Workday is the registered trademark and Workday Rising is a trademark of Workday, Inc.


CONTACT DETAILS
Eric Belove, US, Wipro Technologies, +1 732 216 6242, eric.belove@wipro.com
Rahul Kadavakolu, UK, Wipro Technologies, +44 7920205496, rahul.kadavakolu@wipro.com
Dirk Lewis, Wipro Technologies, +91 7760983976, dirk.lewis@wipro.com

KEYWORDS
CONSUMER, CONSULTANCY SERVICES, BUSINESS SERVICES, IT, TECHNOLOGY

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Wednesday, October 26, 2011

BWI: Elfab’s Opti-Gard™ rupture disc now available as Single-disc Solution

Press release from Business Wire India
Source: Elfab
Wednesday, October 26, 2011 10:00 AM IST (04:30 AM GMT)
Editors: General: Consumer interest; Business: Business services, Energy companies, Retailers; Technology
--------------------------------------------------
Elfab's Opti-GardT rupture disc now available as Single-disc Solution


Mumbai, Maharashtra, India, Wednesday, October 26, 2011 -- (Business Wire India) -- Pressure relief specialist Elfab (www.elfab.com) has further improved its Opti-GardT range, so that it can now offer the rupture disc as a single-disc solution.

Opti-GardT was previously available in either the OPR or OPK design, depending on the burst pressure required. Simple enhancements made to that version have enabled Elfab to produce a single-disc design covering the full range of sizes and burst pressures, offering customers potential stock reductions of more than 65 per cent.

Opti-GardT recently became the first ever rupture disc to be covered by a three-year warranty, demonstrating the ongoing reliability of a range initially launched in 2003. Furthermore, the disc is still supplied with Flo-TelT, Elfab's non-invasive ATEX-approved burst detection, as standard. With tolerance of three per cent across a wide range of burst pressures and a 95 per cent operating ratio, Opti-GardT continues to offer the highest performance characteristics available for liquid, gas or vapour applications.

Reader enquiries and further product information:
Deborah Bevan
Elfab Limited
Alder Road
North Shields
Tyne & Wear NE29 8SD
United Kingdom
Tel: +44 (0)191 293 1234, Fax: +44 (0)191 293 1200
E-mail: deborah.bevan@elfab.com
Website: www.elfab.com

Photo: http://halmapr.com/elf/optigard_opr.jpg



CONTACT DETAILS
Santosh Sen, Halma India, +91 (22) 67080400/ +91 9820247680, santosh.sen@halma.com
Damian Corbet, Halma PR Services, +44 (0)1494 789152, dcorbet@halmapr.com

KEYWORDS
CONSUMER, BUSINESS SERVICES, ENERGY, RETAIL, TECHNOLOGY

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Tuesday, October 25, 2011

BWI: This Diwali bring home Shri Ganesh - The Lord of Success & Good Beginnings

Press release from Business Wire India
Source: William Penn
Tuesday, October 25, 2011 04:54 PM IST (11:24 AM GMT)
Editors: General: Consumer interest; Business: Advertising, PR & marketing, Business services, Commodities & materials, Household & personal care products & services, Retailers
--------------------------------------------------
This Diwali bring home Shri Ganesh - The Lord of Success & Good Beginnings


Bangalore, Karnataka, India, Tuesday, October 25, 2011 -- (Business Wire India) -- Sailor Pen in association with William Penn - The World Pen Store, has launched a limited edition fountain pen "Shri Ganesh" this week, just in time to usher in Lord Ganesh on the auspicious occasion of Diwali.

This fountain pen has been specially created for the Indian audience, with a 21K gold nib and is being released as a Limited Edition of only 36 pieces world over, exclusively available at William Penn. A tribute to Lord Ganesh and the widespread appreciation shown towards the brand by the Indian audience has led to designing this unique pen.

Meticulously drawn by hand, by famous Japanese maki-e artist Kosen Oshita, Ganesh's head symbolizes the Atman or the soul, which is the ultimate supreme reality of human existence, and his human body signifies Maya. The elephant head denotes wisdom. In his upper right hand Ganesh holds a goad, which helps him propel mankind forward on the eternal path and remove obstacles from the way. The broken tusk is a symbol of sacrifice, which he broke for writing the Mahabharata. The rosary around his neck suggests the pursuit of knowledge should be continuous. The laddoo in his lower left hand indicates that one must discover the sweetness of the Atman. His fan-like ears convey that he is all ears to our petition. At his feet is the mouse, the lowest of creatures, which he is humble enough to use, as a vehicle.

Crafted delicately with precious metal powders of gold, abalone and silver this artistic pen is a collector's piece, available only at William Penn stores.

About Sailor: Sailor is one of Japan's biggest pen maker - Established in the year1911. Its factory is located
In Hiroshima, Japan. Sailor has the distinction of being the world's only pen maker who produces a 21 karat gold nib, with a widest selection of nibs. Each nib is passionately and painstakingly hand crafted by its Master Nib Maker Nobuyoshi Nagahara who has been a nib specialist for over 60 years and his son Yukio Nagahara. A long lost technique of making 'Naginata-Togi' (Japanese long sword) nib was revived by him

About William Penn: William Penn - The World Pen Store, is India's largest multi-brand retail store chain housing the most premium fine writing instruments, desktop and lifestyle accessories. William Penn houses over 20 international brands at its 15 outlets spread across Bangalore, Mumbai, Delhi, Hyderabad, Pune and Chennai. William Penn also has an online presence, www.williampenn.net , the largest collection of fine writing instruments on an Indian website.

William Penn Flagship stores
William Penn - Select CITYWALK Mall, Delhi - 011 40534512
William Penn - Grand Galleria High Street Phoenix Mall, Mumbai - 02240041252
William Penn - Express Avenue Mall, Chennai - 044 28464018
William Penn - Forum Mall, Bangalore - 080 32721999

William Penn also has its presence at the Delhi, Mumbai, Hyderabad and Bengaluru Airports.

For more information about the product, call us toll free on 1800-102-7366/09900 513062 or write to us at info@williampenn.net

To view the photographs kindly click on the links below:
Shri Ganesh Limited Edition Writing Instrument_white background
Shri Ganesh Limited Edition Writing Instrument_black background
For picture(s)/data to illustrate this release click below:

http://www.BusinessWireIndia.com/attachments/Shri Ganesh Limited Edition Writing Instrument_black background.jpg
Shri Ganesh Limited Edition Writing Instrument_black background.jpg
http://www.BusinessWireIndia.com/attachments/Shri Ganesh Limited Edition Writing Instrument_white background.jpg
Shri Ganesh Limited Edition Writing Instrument_white background.jpg


CONTACT DETAILS
Ms. Anindita Deb, LINOPINION Public Relations, +91 9686602527, anindita.deb@loweandpartners.com

KEYWORDS
CONSUMER, MARKETING, BUSINESS SERVICES, COMMODITIES, HOUSEHOLD, RETAIL

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BWI: Eiffel Olympia is a new Township Venture in Hinjewadi offered by Eiffel Group Pune

Press release from Business Wire India
Source: Eiffel Developers & Realtors Ltd
Tuesday, October 25, 2011 04:00 PM IST (10:30 AM GMT)
Editors: General: Consumer interest, People; Business: Advertising, PR & marketing, Business services, Construction, Real estate
--------------------------------------------------
Eiffel Olympia is a new Township Venture in Hinjewadi offered by Eiffel Group Pune
Eiffel Olympia in Pune is a proposed township project, which offers easy accessibility to all major destinations in Pune and Hinjewadi, which is only 145 kms from Mumbai

Pune, Maharashtra, India, Tuesday, October 25, 2011 -- (Business Wire India) -- Eiffel Group's proposed Township Project Eiffel Olympia offers easy accessibility to Hinjewadi and all major destinations in Pune. Only 145 kms from Mumbai, Eiffel Olympia comes with a promise which only the fastest appreciating land in Pune can keep. With every possible amenity in place, to provide a premium feel these plots give solution if customer search involves luxury and growth in value. Plus it carries the guarantee of Eiffel Group, the benchmark setting real estate developer.
Eiffel Group, Pune explained that there are many reasons to buy property in this Project. Eiffel Olympia is the best opportunity to own land amidst nature blended with modern infrastructure. It will certainly fetch good appreciation and it is a true gift for the generations to come.

Land investment will ensure huge returns and is a best option during this global meltdown. Investing in land increases the value of buyer's assets. Land is forever and is immovable so no matter whatever happens to market it is considered to be the safest.As an addition to this renowned builders have launched their township projects in the surrounding area. Reputed educational institutions such as Mahindra International College, River Dell High School, Symbiosis, Cambridge etc. are there in the vicinity. 100 ft. and 80 ft. proposed sanctioned roads are directly connecting to Eiffel Olympia. Proposed Ring Road is mere 1 km from this project. Eiffel Olympia itself is going to be a huge development in Hinjewadi, since this Project is coming up in 400 acres of land well-equipped with exclusive amenities.

Eiffel Group Pune is very actively and strategically working on this project to see in future that each and every owner of the plot receives great value addition.

Eiffel Olympia Review by customers:

Eiffel customers Mr.Manoj Kumar & Family: "A lucrative investment is one that gives you regular and increasing returns. Eiffel Olympia is a creator of such investment avenues. Moreover Eiffel Developers & Realtors are in high demand due to their style, quality and goodwill in the market. I feel confident in investing blindly in any of their projects."

Mr.Vivek Pawar said, "The Eiffel group has met and exceeded all my expectations as their customer. My venture with them started with investment in Silicon City and Icon Riviera. Through my experience I can say that Eiffel has been one of highest commitment, customer service and quality deliverers."

Architect Viren Shetty said, "If it's detailing and meticulous planning that you require, then Eiffel Developers are best in the industry, coming from a corporate background, I am a person who expects no grey area or chance of failure. For me these high expectations were met by Eiffel Group at Eiffel Square."

Visit Eiffel website for more details http://www.eiffel.in



CONTACT DETAILS
Smita Lobbo, Eiffel Developers & Realtors Ltd, + 91 (20) 66858888, press@eiffel.in

KEYWORDS
CONSUMER, PEOPLE, MARKETING, BUSINESS SERVICES, CONSTRUCTION, REAL ESTATE

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BWI: British Airways Extends Outsourcing Contract with WNS

Press release from Business Wire India
Source: WNS
Tuesday, October 25, 2011 03:30 PM IST (10:00 AM GMT)
Editors: General: Consumer interest, Travel & tourism, WNS; Business: Business services, Information technology, Telecommunications, Travel & tourism; Technology
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British Airways Extends Outsourcing Contract with WNS


London, United Kingdom and Mumbai, Maharashtra, India, Tuesday, October 25, 2011 -- (Business Wire India) -- WNS (Holdings) Limited (NYSE: WNS), a leading provider of global Business Process Outsourcing (BPO) services, today announced a 20-month extension in the outsourcing contract with its founder company, British Airways (BA), U.K.'s largest flag carrier airline. Under the renewed service agreement, WNS will focus on further strengthening the back-office operations center of excellence that delivers a range of airline operations, including customer relations, fares and PNR servicing requests, passenger and cargo revenue accounting, finance and accounting, research and analytics, revenue and yield management and HR shared services.

Please click on the below link to view the video announcement:
LINK - British Airways Extends Outsourcing Contract with WNS

"This is an extremely proud moment for us; we are delighted to take this fifteen-year-old relationship with BA to the next level of growth. BA continues to be one of our most important and exciting clients and with the new service agreement we aim to provide strategic benefits to both parties, and drive further innovation for BA", said Keshav R. Murugesh, Group CEO, WNS Global Services.

The contract extension through to January 2014 will align the BA-WNS relationship with modern BPO practices that provide strategic benefits to both partners, with increased focus on process improvement and driving a cultural change en route to innovation and partnership. Under the renewed contract, WNS will introduce enhanced deliverables and a new service quality scheme, along with best practice sharing programs from other WNS clients and sectors. The engagement will embark on newer investments in technology, process improvement, Lean, Kaizen and Six Sigma reviews to provide greater access to functional leadership with a consultancy lead approach and increased operational efficiency.

"We are delighted to extend our partnership with WNS. The company has a highly professional and experienced delivery team, which clearly understands our project goals and requirements. This has enabled us to realize significant cost efficiency and business value operationally, over the years," said Philip Osmond, Director of Business, British Airways.

WNS was created as a pioneer venture of outsourcing by British Airways as its back-office operations early in 1996 in Mumbai with less than 300 employees. Fifteen years down the line, BA still plays a leadership role in assessing what it can do differently and getting the best out of its partners; and has renewed its contract with WNS, which has at present approximately 1,000 resources working on the BA account across Mumbai and Pune locations.

About British Airways

British Airways can trace its heritage back over 90 years. British Airways is the largest airline in the UK based on fleet size, international flights and international destinations. British Airways is a founding member of the Oneworld airline alliance, along with American Airlines, Cathay Pacific, and Qantas. Formed in January 2011, International Airlines Group is the parent company of British Airways and Iberia. with shares traded on the London Stock Exchange and Spanish Stock Exchanges. The corporate head office for IAG is in London, UK. The merger between the two carriers has created the world's sixth-largest airline by annual revenue and the third largest by annual revenue in Europe.

About WNS

WNS (Holdings) Limited (NYSE: WNS), is a leading global business process outsourcing company. WNS offers business value to 200+ global clients by combining operational excellence with deep domain expertise in key industry verticals including Travel, Insurance, Banking and Financial Services, Manufacturing, Retail and Consumer Packaged Goods, Shipping and Logistics and Healthcare and Utilities. WNS delivers an entire spectrum of business process outsourcing services such as finance and accounting, customer care, technology solutions, research and analytics and industry specific back office and front office processes. WNS has over 21,000 professionals across 23 delivery centers worldwide including Costa Rica, India, Philippines, Romania, Sri Lanka and United Kingdom. For more information, visit www.wns.com

Safe Harbor Provision

This document includes information which may constitute forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, the accuracy of which are necessarily subject to risks, uncertainties, and assumptions as to future events. Factors that could cause actual results to differ materially from those expressed or implied are discussed in our most recent Form 20-F and other filings with the Securities and Exchange Commission. WNS undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.


CONTACT DETAILS
Sumi Gupta, Media, WNS (Holdings) Limited, +91 (22) 40952263, sumi.gupta@wns.com; pr@wns.com
David Mackey, Investors, WNS (Holdings) Limited, +1 201 942 6261, ir@wns.com

KEYWORDS
CONSUMER, TOURISM, WNS, BUSINESS SERVICES, IT, TELECOMMUNICATIONS, TRAVEL, TECHNOLOGY

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BWI: Bharatiya Global Infomedia Limited Organized a Seminar on October 13th, 2011 on HOMELAND SECURITY in Coordination with India Trade Promotion Organization and Supported by Ministry of Home Affairs

Press release from Business Wire India
Source: Bharatiya Global Infomedia Ltd.
Tuesday, October 25, 2011 02:54 PM IST (09:24 AM GMT)
Editors: General: People; Business: Business services, Information technology, Media & entertainment; Technology
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Bharatiya Global Infomedia Limited Organized a Seminar on October 13th, 2011 on HOMELAND SECURITY in Coordination with India Trade Promotion Organization and Supported by Ministry of Home Affairs


Noida, Uttar Pradesh, India, Tuesday, October 25, 2011 -- (Business Wire India) -- At the recently organized 14th India International Security Expo'2011, New Delhi, by India Trade Promotion Organization (ITPO), Bharatiya Global Infomedia Limited took an opportunity to organize a seminar on one of the most pressing topics in the current days, i.e. Homeland security. The exhibition cum seminar was supported by number of Govt agencies such as Ministry of Home Affairs, Central Para Military Force, CISF, CRPF, ITBP, Delhi Fire Service, National Security Guard etc. The event was inaugurated by Mr Jitendra Singh, Minister of State for Home Affairs.

The seminar organized by BGIL called upon the guest speakers from the industry which includes the manufacturers/ suppliers of various security equipments such as access control system, scanners for explosive detection, fire alarm and fire fighting equipments etc. Some of the guest speakers to the seminar were Mr. Rammy Suri, Regional Practice Manager, IBMS & Physical Security, WIPRO LIMITED (INFOTECH DIVISION) who spoke about Wipro's view towards security in India, Mr Prasad Parasuraman, Managing Director, P.S. TECHCOM PVT. LTD., spoke on next generation fire safety, Mr Sanjeev Sachdev, Managing Partner, TOSHI AUTOMATIC, pulled attention towards gate security equipments, Mr Ashish Bhutani, Managing Director, OMNIA TECHNOLOGIES PVT. LTD. who expressed his views on RFID in defence and Homeland security, Mr Vikram Sehgal, DIG ITPO, spoke about security perspective of common people, and Mr Arpan Talwar, Chief Executive Officer, BHARATIYA GLOBAL INFOMEDIA LIMITED, introduced the concept of Security 3.0 (a single window view towards physical and information security). The event was inaugurated & closed by Mr. Sanjeev kr Mittal, Director, Bharatiya Global Infomedia Ltd.

Bharatiya Global Infomedia Limited was also appreciated by Mr. Raj K Chopra, DGM, ITPO during the final award ceremony for organizing and hosting a responsive and knowledgeable seminar. .

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

Left to right: Mr. Arpan Talwar, Mr. Ashish Bhutani, Mr. Prasad Parasuraman, Mr. Sanjeev Sachdev, Mr. Vikram Sehgal
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CONTACT DETAILS
Arun Singh, Bharatiya Global Infomedia Ltd., +91 8750415010, arun.singh@bgilinfo.com

KEYWORDS
PEOPLE, BUSINESS SERVICES, IT, MEDIA, TECHNOLOGY

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BWI: Bharatiya Global Infomedia Limited Organized a Seminar on October 13th, 2011 on HOMELAND SECURITY in Coordination with India Trade Promotion Organization and Supported by Ministry of Home Affairs

Press release from Business Wire India
Source: Bharatiya Global Infomedia Ltd.
Tuesday, October 25, 2011 02:54 PM IST (09:24 AM GMT)
Editors: General: People; Business: Business services, Information technology, Media & entertainment; Technology
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Bharatiya Global Infomedia Limited Organized a Seminar on October 13th, 2011 on HOMELAND SECURITY in Coordination with India Trade Promotion Organization and Supported by Ministry of Home Affairs


Noida, Uttar Pradesh, India, Tuesday, October 25, 2011 -- (Business Wire India) -- At the recently organized 14th India International Security Expo'2011, New Delhi, by India Trade Promotion Organization (ITPO), Bharatiya Global Infomedia Limited took an opportunity to organize a seminar on one of the most pressing topics in the current days, i.e. Homeland security. The exhibition cum seminar was supported by number of Govt agencies such as Ministry of Home Affairs, Central Para Military Force, CISF, CRPF, ITBP, Delhi Fire Service, National Security Guard etc. The event was inaugurated by Mr Jitendra Singh, Minister of State for Home Affairs.

The seminar organized by BGIL called upon the guest speakers from the industry which includes the manufacturers/ suppliers of various security equipments such as access control system, scanners for explosive detection, fire alarm and fire fighting equipments etc. Some of the guest speakers to the seminar were Mr. Rammy Suri, Regional Practice Manager, IBMS & Physical Security, WIPRO LIMITED (INFOTECH DIVISION) who spoke about Wipro's view towards security in India, Mr Prasad Parasuraman, Managing Director, P.S. TECHCOM PVT. LTD., spoke on next generation fire safety, Mr Sanjeev Sachdev, Managing Partner, TOSHI AUTOMATIC, pulled attention towards gate security equipments, Mr Ashish Bhutani, Managing Director, OMNIA TECHNOLOGIES PVT. LTD. who expressed his views on RFID in defence and Homeland security, Mr Vikram Sehgal, DIG ITPO, spoke about security perspective of common people, and Mr Arpan Talwar, Chief Executive Officer, BHARATIYA GLOBAL INFOMEDIA LIMITED, introduced the concept of Security 3.0 (a single window view towards physical and information security). The event was inaugurated & closed by Mr. Sanjeev kr Mittal, Director, Bharatiya Global Infomedia Ltd.

Bharatiya Global Infomedia Limited was also appreciated by Mr. Raj K Chopra, DGM, ITPO during the final award ceremony for organizing and hosting a responsive and knowledgeable seminar. .

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

Left to right: Mr. Arpan Talwar, Mr. Ashish Bhutani, Mr. Prasad Parasuraman, Mr. Sanjeev Sachdev, Mr. Vikram Sehgal
For picture(s)/data to illustrate this release click below:

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CONTACT DETAILS
Arun Singh, Bharatiya Global Infomedia Ltd., +91 8750415010, arun.singh@bgilinfo.com

KEYWORDS
PEOPLE, BUSINESS SERVICES, IT, MEDIA, TECHNOLOGY

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BWI: Spanco Awarded UID - AADHAR Project by Bank of India

Press release from Business Wire India
Source: Spanco
Tuesday, October 25, 2011 01:00 PM IST (07:30 AM GMT)
Editors: General: Consumer interest, People; Business: Advertising, PR & marketing, Banking & financial services, Business services, Construction, Defence & security, Information technology, Stock exchanges, Telecommunications; Technology
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Spanco Awarded UID - AADHAR Project by Bank of India


Mumbai, Maharashtra, India, Tuesday, October 25, 2011 -- (Business Wire India) -- Spanco is appointed by Bank of India to carry out the enrolment procedure for issuing AADHAR Numbers to citizens of Maharashtra staying in Kolhapur, Pune and Ratnagiri Zones which also cover the districts of Sangli, Satara, Aurangabad, Jalgaon, Dhule, Ahmedanagar, and Sindhudurg.

Spanco will collect of demographic and biometric data for UID enrolment along with KYC data as required by the bank. Spanco will follow all the standards, protocols, processes laid down by UIDAI to implement the project. Spanco will fulfill all enrolment requirements, processes and milestones set by Bank of India from time to time. Bank of India will support Spanco by providing adequate amount of publicity materials, pamphlets, banners, hand-outs etc for door-to door distribution to create awareness. The bank will also offer its premises and existing list of customers to enable Spanco to complete the assignment on time.

About Spanco

Spanco is in the business of creating Technology Infrastructure to help drive governance efficiency across key sectors.Spanco is SEI CMM Level 3 and ISO 9001:2008 certified. We have more than 12,000 employees working across 4 continents.

Spanco caters to large complex Technology Infrastructure projects across Government, Power, Transport and Telecom Service Provider's space. We also have a formidable presence in the BPO space catering to India, US/Europe, Middle East and African markets.



CONTACT DETAILS
Chandana Saha, Spanco, +91 (22) 6797 5566, chandanas@spacotele.com

KEYWORDS
CONSUMER, PEOPLE, MARKETING, BANKING, BUSINESS SERVICES, CONSTRUCTION, DEFENCE, IT, STOCK EXCHANGES, TELECOMMUNICATIONS, TECHNOLOGY

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BWI: Forbes Technosys selected as a Red Herring Top 100 Asia Tech Startup

Press release from Business Wire India
Source: Forbes Technosys Ltd
Tuesday, October 25, 2011 11:38 AM IST (06:08 AM GMT)
Editors: General: Consumer interest, People; Business: Advertising, PR & marketing, Banking & financial services, Business services, Information technology, Major diversified industrial groups; Technology
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Forbes Technosys selected as a Red Herring Top 100 Asia Tech Startup


Mumbai, Maharashtra, India and Hong Kong, China, Tuesday, October 25, 2011 -- (Business Wire India) -- Red Herring announced its Top 100 Asia award at the Red Herring Asia Forum in Hong Kong, in recognition of the leading private companies from Asia, celebrating these startups' innovations and technologies across their respective industries.

Red Herring's Top 100 list has become a mark of distinction for identifying promising new companies and entrepreneurs. Red Herring editors were among the first to recognize that companies such as Facebook, Twitter, Google, Yahoo, Skype, Salesforce.com, YouTube, and eBay would change the way we live and work.

"Choosing the companies with the strongest potential was by no means a small feat," said Alex Vieux, publisher and CEO of Red Herring. "After rigorous contemplation and discussion, we narrowed our list down from hundreds of candidates from across Asia to the Top 100 Winners. We believe Forbes Technosys Ltd embodies the vision, drive and innovation that define a successful entrepreneurial venture. Forbes Technosys Ltd should be proud of its accomplishment, as the competition was very strong."

Red Herring's editorial staff evaluated the companies on both quantitative and qualitative criteria, such as financial performance, technology innovation, management quality, strategy, and market penetration. This assessment of potential is complemented by a review of the track record and standing of startups relative to their sector peers, allowing Red Herring to see past the "buzz" and make the list a valuable instrument of discovery and advocacy for the most promising new business models in Asia.



CONTACT DETAILS
Anuj Sahu, Asst. General Manager, Forbes Technosys Ltd, +91 (22) 4063 9595/4063 9509/9619887915, anuj.sahu@forbestechnosys.com

KEYWORDS
CONSUMER, PEOPLE, MARKETING, BANKING, BUSINESS SERVICES, IT, GROUPS, TECHNOLOGY

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BWI: Sterlite Industries (India) Limited Unaudited Consolidated Results for the Second Quarter and Half Year Ended 30 September 2011

Press release from Business Wire India
Source: Business Wire
Tuesday, October 25, 2011 11:01 AM IST (05:31 AM GMT)
Editors: General: Consumer interest, Economy; Business: Banking & financial services, Business services, Energy companies, Financial Analyst, Stock exchanges
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(BW)(NY-STERLITE-INDUSTRIES)(SLT)Sterlite Industries (India) Limited Unaudited Consolidated Results for the Second Quarter and Half Year Ended 30 September 2011


Mumbai, Maharashtra, India, Tuesday, October 25, 2011 -- (Business Wire India) --

Sterlite Industries (India) Limited ("SIIL" or the "Company") has announced its unaudited consolidated results for the Second Quarter ("Q2") and Half Year ("H1") ended 30 September 2011.

Highlights of the quarter

Operational Performance

  • Refined Zinc-Lead metal production up 5% at 201,821 tonnes
  • Refined Silver production up 12% at 49,274 kg
  • Commissioned the 100 ktpa Dariba Lead smelter, taking the Zinc - India capacity to 1.064 mtpa
  • Stable operations at Zinc International

Financial performance

  • PBDT up 29% at Rs. 2,693 crore, Rs. 530 crore contributed by Zinc International
  • Strong balance sheet with cash and liquid investments of Rs. 22,691 crore
  • EPS of Rs. 3 per share
  • Interim Dividend of Rs 1 per share.

Financial Highlights

(In Rs. crore, except as stated)

Particulars Quarter ended

30 September

    Change     Half Year Ended

30 September

    Change
  2011     2010     %     2011     2010     %
Net Sales/Income from operations 10,134     6,029     68.1     19,958     11,953     67.0
Profit before interest, depreciation & taxes 3,049     2,086     46.1     6,645     4,260     55.9
Interest 356                 530     127      
Profit before depreciation and taxes (PBDT) 2,693     2,086     29.1     6,115     4,134     47.9
Depreciation 445     212           865     429      
Taxes 505     456           1,119     824      
Profit After Taxes 1,744     1,418     23.0     4,131     2,881     43.4
Minority Interest 503     385           1,145     761      
Share in Profit/(Loss) of Associate (243)     (25)           (349)     (103)      
Attributable PAT after exceptional item 998     1,008     (1.0)     2,637     2,016     30.8
Earnings per Share (EPS) (Rs. /share)* 3.0     3.0           7.8     6.0      

*Not Annualised

Zinc India Business

Particulars Quarter ended

30 September

    Change     Half Year Ended

30 September

    Change
  2011     2010     %     2011     2010     %
Production (in Kt, except for silver)                                
Mined Metal 210     205     2.4     398     387     2.9
Refined Metal - Zinc 185     176     4.9     378     341     10.8
Refined Metal - Lead*(1) 17     16     5.2     33     31     5.4
Silver (in 000's Kgs) (2) 49     44     12.1     96     87     10.1
                                 
Financials                                
Revenue (Rs. Cr) 2,560     2,146     19.3     5,344     4,073     31.2
PBDT (Rs. Cr) 1,775     1,265     40.2     3,673     2,418     51.9
PAT (Rs. Cr) 1,330     941     41.3     2,809     1,826     53.8
CoP with Royalty ($/MT) 1,036     976     6.1     1,050     997     5.3
Zinc LME ($/MT) 2,224     2,013     10.5     2,236     2,015     11.0
Lead LME ($/MT) 2,459     2,032     21.0     2,503     1,989     25.8

(1) Includes captive consumption of 1,348 tonnes and 2,739 tonnes in Q2 FY2012 and H1 FY2012, as compared with 1,646 tonnes and 2,812 tonnes in corresponding prior periods, respectively.

(2) Includes captive consumption of 7,193 kg and 14,389 kg in Q2 FY2012 and H1 FY2012, as compared with 8,612 kg and 14,745 kg in corresponding prior periods, respectively.

Mined metal production in Q2 was 209,676 tonnes, up 2% as compared with the corresponding prior quarter.

Refined Zinc production in Q2 was 184,816 tonnes, up 5% as compared with the corresponding prior quarter, primarily on account of improved operational performance at our hydro smelters. Refined Lead production in Q2 was 17,005 tonnes, up 5% as compared with the corresponding prior quarter. This was primarily due to volume contribution from the new 100kt Dariba Lead smelter which was commissioned and capitalized during the quarter.

Refined Silver production in Q2 was 49,274 kg, up 12% as compared with the corresponding prior quarter. The increase in production was mainly attributable to higher silver content in the mined ore and improved plant efficiencies.

Revenues and Profit Before Interest Depreciation and Taxes ("PBDT") for Q2 were Rs. 2,560 Crore and Rs. 1,775 Crore respectively, an increase of 19.3% and 40.2%, compared with the corresponding prior quarter. The increase was primarily on account of increased volumes and improved Zinc-Lead LME and Silver prices.

The Zinc cost of production, excluding royalty, during the quarter was Rs. 38,800 per MT ($847), marginally higher compared with the corresponding prior quarter. The positive impact of operational efficiencies was more than offset by the impact of increase in commodity inputs.

During Q2, average Zinc and Lead LME prices were $2,224 per tonne and $2,459 per tonne respectively, compared with $2,013 per tonne and $2,032 per tonne, in the corresponding prior quarter.

The average Silver Cash Settlement Price per London Bullion Market Association increased to $38.80/oz in Q2 FY2012 from $18.97/oz in the corresponding prior quarter.

Exploration

We continue to maintain our focus on mine exploration, which will be the key driver of our future growth. In the last 7 years, exploration activities have added 167 mt, net of depletions, to our reserve & resource base. We are currently exploring over 6,200 sq km area in 10 'Reconnaissance Permits' (RPs). Our total reserves & resources base as of 31st March 2011 is 313.2 mt containing 34.7 mt of Zinc-Lead metal and 885 million ounces of Silver, ensuring long mine life of 25+ years.

Expansion Projects

Ramp-up of the Sindesar Khurd mine is on track to achieve its targeted 2.0mtpa capacity by the end of the year. The 100ktpa Dariba Lead smelter was commissioned during the quarter, taking the total refining capacity for Lead to 185ktpa. The new Silver refinery of 350tpa is scheduled to be commissioned in Q3 FY2012. The mining work at underground Kayar mine has commenced and we expect it to start first ore production in FY 2013-14.

Interim Dividend by HZL

Sterlite's subsidiary, Hindustan Zinc Ltd, has announced an interim dividend of 75% i.e. Rs. 1.50 per share on equity share of Rs 2.00 each

Zinc International Business

Particulars Quarter Ended

30th September

    Quarter Ended

30th June

    Change
  2011     2011     %
Production (Kt)              
Mined Metal Content (MIC)- BMM & Lisheen * 77     80      
Refined Metal content - Skorpion 37     39      
Total 114     119     (4.2)
               
Financials              
Revenue (Rs. Cr) 1,160     1,060     9.4
PBDT (Rs. Cr) 530     522     1.5
PAT 342     317     7.8
CoP - ($ per MT) 1,242     1,189     4.5
Zinc LME ($/MT) 2,224     2,250     (1.2)
Lead LME ($/MT) 2,459     2,550     (3.6)

* Includes Lead MIC production of 20,574 tonnes and 23,934 tonnes in Q2 FY 2012 and Q1 FY 2012 respectively, considered as by product.

The total equivalent zinc-lead production was 114,000 tonnes in Q2. This comprised production of zinc-lead concentrate of 77,000 tonnes MIC in Q2 at BMM and Lisheen, and refined zinc production of 37,000 tonnes at Skorpion.

Revenues and PBDT for Q2 were Rs. 1,160 Crore and Rs. 530 Crore respectively, an increase of 9.4% and 1.4% respectively, compared with the corresponding prior quarter.

Copper Business

Particulars Quarter ended

30 September

    Change     Half Year Ended

30 September

    Change
  2011     2010     %     2011     2010     %
Production (Kt)                                
Mined Metal Content 5     7     (28.5)     11     13     (15.3)
Cathodes 87     68     28.1     161     144     11.2
                                 
Financials                                
Revenue (Rs. Cr) 5,575     3,526     58.1     10,428     7,121     46.4
PBDT (Rs. Cr) 477     654     (27.0)     1,085     1,351     (19.7)
PAT 294     443     (33.6)     687     917     (25.0)
Net CoP - cathode (¢/ lb) (3.7)     7.3           (3.3)     7.1      
Tc/Rc (¢ / lb) 13.0     11.7     11.0     13.4     12.7     6.2
LME ($/MT) 8,982     7,242     24.0     9,057     7,131     27.0

During Q2, the Tuticorin copper smelter produced 87,000 tonnes of copper cathode, 28% higher than the corresponding prior quarter. Production in the prior year period was lower on account of a planned bi-annual maintenance shut-down. Mined metal production at Australia was 5,000 tonnes in Q2.

Revenue and PBDT for Q2 were Rs. 5,575 Crore and Rs. 477 Crore respectively, an increase of 58% and decrease of 27% respectively, compared with the corresponding prior quarter. Higher operational efficiencies and higher realisation on by-product and acid sales was more than offset by Mark to Market loss on foreign exchange fluctuation on borrowings.

The effective tax rate at copper India operations increased to 32% in Q2 from 27% in the corresponding prior period, due to expiry of tax incentive on export oriented units.

In Q2, net cost of production was (3.7) c/lb compared with 7.3 c/lb in the corresponding prior period. The decrease in net cost of production was on account of by-product credits, higher volumes and improved metal recovery.

Despite improved operational performance, the PAT was lower on account of unprecedented depreciation of Indian Rupee which resulted in a loss of Rs. 304.55 crore in Q2.

On the Special Leave Petition (SLP) filed by the Company, Hon'ble Supreme Court of India vide order dated 01.10.2010 had stayed the operation of the judgement of Hon'ble Madras High Court directing closure of Copper Smelter Unit at Tuticorin. The Hon'ble Supreme Court has directed Tamil Nadu Pollution Control Board ("TNPCB") to issue directions, to the copper smelter to implement the improvement measures suggested by National Environment Engineering Research Institute, Central Pollution Control Board and TNPCB. The Court has directed that the case be listed in the first week of January 2012. Interim stay order granted by the Hon'ble Supreme Court continues and unit continues to operate at rated capacity.

The Tuticorin smelter has been operating for more than 12 years and is committed to employing environmentally friendly technologies and would work in close co-ordination with the agencies to ensure proper implementation of improvement measures suggested by them.

Expansion Projects

The construction of the captive power plant at Tuticorin is progressing well and the first unit is scheduled for commissioning in Q4 FY2011-12. The 400 ktpa copper smelter expansion project at Tuticorin is awaiting consent from the TNPCB.

Aluminium Business (BALCO)

Particulars     Quarter ended

30 September

    Change     Half Year Ended

30 September

    Change
      2011     2010     %     2011     2010     %
Production (Kt)                                    
Aluminium     60     64     (7.1)     121     127     (4.6)
                                     
Financials                                    
Revenue (Rs. Cr)     686     718     (4.5)     1,442     1,384     4.2
PBDT (Rs. Cr)     37     166     (77.6)     250     258     (3.2)
PAT (Rs. Cr)     (17)     64           128     94      
CoP ($/MT)     2,133     1,748     22.0     2,036     1,780     14.4
LME ($/MT)     2,399     2,089     14.8     2,495     2,090     19.4

The BALCO aluminium smelter continues to operate at its rated capacity and the aluminium production was 60,000 tonnes during the quarter.

PBDT for Q2 was Rs. 37 Crore compared with Rs. 166 Crore in the corresponding prior quarter due to higher COP. During Q2, the COP of hot metal produced was at $2,133 per tonne, 22.0% higher compared with the corresponding prior quarter. The increase in cost was primarily due to increase in prices of alumina and higher carbon costs.

PAT was lower on account of unprecedented depreciation of Indian Rupee which resulted in a loss of Rs. 31.77 crore in Q2.

Expansion Project

The first unit of BALCO 1,200MW (4x300MW) captive thermal power plant is expected to be synchronised in Q3 of FY 2011-12.

Work at the 325 kt aluminium smelter project at Korba is progressing well, and we target first metal tapping in Q4 FY2011-12.

Investment in Associate - Vedanta Aluminium Limited

Particulars Quarter ended

30 September

    Change     Half Year Ended

30 September

    Change
  2011     2010     %     2011     2010     %
Alumina (Mt) 228     187     21.9     451     377     19.6
Aluminium (Mt) 89     97     (8.2)     201     174     15.5
Financials                                
Revenue (Rs. Cr) 1,198     1,272     (5.8)     2,696     2,324     16.0
PBDT (Rs. Cr) (624)     (196)           (785)     (278)      
PAT (Rs./ Cr) (823)     (84)           (1,183)     (350)      
SIIL Share (Rs./Cr) (243)     (25)           (349)     (103)      
Alumina COP ($/MT) 381     328     16.3     364     322     13.0
Aluminium COP ($/MT) 2,554     1,853     37.8     2,427     1,847     31.4

Aluminium production in Q2 was at 89,000 tonnes, post the pot outage in Q1 at the 500 ktpa Jharsuguda-I smelter. At Jharsuguda-I, we remain on track to return to normal capacity by the end of Q3 FY 2011-12 and approximately 115 of the 170 affected pots had been restarted by the end of Q2. Alumina production at Lanjigarh was 228,000 tonnes in Q2, up 21.4% compared with the corresponding prior periods.

Revenue for Q2 were Rs. 1,198 crore. During the quarter, there was a loss of Rs. 624 Crore. The PBDT was lower on account of increase in cost of production and higher finance cost on account of Mark to Market loss on foreign exchange fluctuation on borrowings. The interest and finance charges during Q2 were Rs. 625.89 crore which includes loss (net) due to currency fluctuation of Rs 208.8 crore.

The average COP for alumina in the quarter was US $381 per tonne, higher by 16.3% compared with the corresponding prior quarter. The increase in CoP was on account of higher bauxite transportation costs and lower quality bauxite.

The COP of hot metal produced during the quarter was at US $2,554 per tonne, higher by 37.8% compared with the corresponding prior quarter. The increase was mainly on account of increase in power & Alumina cost. Cost of power was higher on account of higher coal procurement prices and purchase of power in open access due to shortage of coal from mines.

The 1.25 mtpa Jharsuguda-II smelter project is in the final stages of completion, and we continue to evaluate the option of selling power versus producing aluminium at this smelter.

Status of Investment in Associate Company as at 30 Sep 2011

Investment In VAL (Rs. In Crore)     Sterlite     Vedanta     External     Total
Equity     563     1,391     NA     1,954
Quasi Equity / Debt     8,939     4,586     15,603     29,128
Total funding     9,502     5,977     15,603     31,082

In addition, Vedanta Resources Plc and Sterlite have extended Corporate guarantees to VAL for an amount of Rs 26,076 crore and Rs 4,538 crore respectively.

Energy Business

Particulars     Quarter ended

30 September

    Change     Half Year Ended

30 September

    Change
      2011     2010     %     2011     2010     %
Merchant sales (Mn units)                                    
SEL *     1,134     -           2,146     -      
Balco 270 MW     387     362     6.9     811     774     4.7
WPP     94     52     82.1     200     120     66.1
Total     1,615     414     290.1     3,156     894     253.0
Financials                                    
Revenue (Rs. Cr)     601     143     320.3     1,202     382     214.6
PBDT (Rs. Cr)     109     69     57.9     250     195     28.3
PAT (Rs. Cr)     23     42     (45.2)     73     135     (45.9)
CoP (Rs./ unit)     2.7     1.8     50.0     2.6     2.0     30.0
Net Realisation (Rs./unit)     3.5     3.4     2.9     3.6     4.3     (16.3)

* 156 MU and 295 MU generated under trial run in Q2 2011 and H1 2011 respectively.

Power sales were 1,615 million units during the quarter, significantly higher compared with 414 million units in the corresponding prior quarter. Higher power sales was mainly on account of sales from two 600 MW units at the 2,400 MW Jharsuguda power plant.

Revenue and PBDT for Q2 were Rs. 601 Crore and loss of Rs. 109 Crore respectively, an increase of 320.3% and 57.9% compared with the corresponding prior quarter. Increase in revenue was on account of higher sales from two units of 600 MW each commissioned in March and May 2011.

During Q2, the generation cost at SEL was Rs 2.9 per unit as against the Rs 2.8 per unit in Q1 of 2011-12. Coal supplies to Jharsuguda were adversely affected due to heavy rainfall in the coal belt, affecting our ability to generate power at our rated capacity.

Expansion Projects

Work on remaining two 600 MW units at the 2,400 MW Jharsuguda power plant is progressing well and the units are expected to be synchronized in Q3 and Q4 of FY2011-12, respectively.

Work on the Talwandi Sabo power project is progressing as scheduled. The project will now comprise 1,980 MW (660 MW*3) as originally planned and we will not build the 4th (merchant) unit.

We have commissioned 105MW of the 150MW expansion in wind power generation capacity announced in January 2011. The balance capacity is expected to be commissioned in Q3 FY2012. Post the expansion, the Company's wind power generation capacity will increase to 273MW.

Depreciation

Depreciation and amortization cost for the quarter is higher at Rs. 445 crore as compared to Rs. 212 crore during the corresponding prior quarter due to capitalisation of Dariba lead smelter at Zinc - India operations, wind power project and two units of 600 MW at SEL, Jharsuguda besides Rs. 142 crore charged during the quarter on the assets of our Zinc International business.

Income Tax

Effective tax rate was at 22.5% for the current quarter compared to the 24.3% corresponding prior period.

Cash, Cash Equivalents and liquid investments

Company follows a conservative Investment Policy and invests in high quality Debt instruments in the form of mutual funds and fixed deposit with banks. As at 30 September 2011, the Company had cash and cash equivalents of Rs. 22,691 crore, out of which Rs. 12,342 crore was invested in debt mutual funds and Rs. 10,349 crore was in fixed deposits and the balance with Banks.

Interim dividend

The Board of Directors have recommended an interim dividend of Rs. 1 per share (i.e. 100%) on equity share of Rs 1.00 each. The record date for payment of dividend is 1 November 2011.

Borrowings

Company had a total borrowings of Rs 14,943 crore as on 30 September 2011.

Foreign Currency Losses

Due to unprecedented depreciation of Indian Rupee, the net impact of foreign currency exchange fluctuations during the quarter resulted in a loss of Rs. 466 crores.

About Sterlite Industries

Sterlite Industries (India) Limited is India's largest diversified metals and mining company. The company produces aluminium, copper, zinc, lead, silver, and commercial energy and has operations in India, Australia, Namibia, South Africa and Ireland. The company has a strong organic growth pipeline of projects. The company is setting up 5,040 MW independent thermal power plants through its subsidiary Sterlite Energy Limited. Sterlite Industries is listed on the Bombay Stock Exchange and National Stock Exchange in India and the New York Stock Exchange in the United States. For more information, please visit www.sterlite-industries.com

Disclaimer

This press release contains "forward-looking statements" - that is, statements related to future, not past, events. In this context, forward-looking statements often address our expected future business and financial performance, and often contain words such as "expects," "anticipates," "intends," "plans," "believes," "seeks," "should" or "will." Forward-looking statements by their nature address matters that are, to different degrees, uncertain. For us, uncertainties arise from the behaviour of financial and metals markets including the London Metal Exchange, fluctuations in interest and/or exchange rates and metal prices; from future integration of acquired businesses; and from numerous other matters of national, regional and global scale, including those of a political, economic, business, competitive or regulatory nature. These uncertainties may cause our actual future results to be materially different that those expressed in our forward-looking statements. We do not undertake to update our forward-looking statements.



CONTACT DETAILS
CONTACTS :
Sterlite Industries
Ashwin Bajaj, +91 22 6646 1531
Senior Vice President - Investor Relations
sterlite.ir@vedanta.co.in
Sheetal Khanduja, +91 22 6646 1531
AGM - Investor Relations
sterlite.ir@vedanta.co.in


KEYWORDS
CONSUMER, ECONOMY, BANKING, BUSINESS SERVICES, ENERGY, Financial Analyst, STOCK EXCHANGES

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