The Gold Shield was awarded to the Company by Dr. M. Veerappa Moily, Union Minister for Corporate Affairs, Government of India, at a grand ceremony held on January 06, 2012 in Chennai. Mr. Amit Dahanukar, Chairman & Managing Director and Mr. Lalit Sethi, Chief Financial Officer of Tilaknagar Industries received the award on behalf of the Company.

Commenting on the achievement, Mr. Lalit Sethi, Chief Financial Officer, Tilaknagar Industries Ltd. said, “This award is recognition of the Company’s internal controls and stringent efforts to maintain compliance with the prescribed financial framework while maintaining transparency and accountability through communications to our stakeholders. Winning this award is thus a great testimony to our belief and an endorsement of TI’s commitment towards corporate transparency. We believe it’s not only about designing a strong governance framework, but more importantly about embracing the same to meet our goal of long term sustainable growth, protecting the interests of our shareholders and presenting financial information in an open manner that is beneficial to current and prospective investors. This award further motivates us to continue engaging with our shareholders with regards to our business plans through consistent and timely financial communication.”

The award has been conferred on TI, by the panel of judges, on review of accounting practices adopted by the enterprise in the preparation of financial statements and the policies adopted for disclosure and presentation of financial statements and other information in the annual report. The key factors for selection for the award entailed:-
· Compliance with statutory requirements for preparation and presentation financial statements as per the Companies Act, 1956 and SEBI regulations
· Quality of financial information judged by the qualifications in the auditor’s report, notes to the accounts and compliance with accounting principles by ICAI
· The nature and quality of financial information presented in the annual report factored in key considerations such as adequacy of revenues/expenses details, use and proper cross referencing of schedules, ease of referencing, utilization of charts and graphs, clarity, lucidity and comprehensiveness of the financial statements from an individual/small shareholder’s view point, extent of comparative data in terms of financial highlights & ratios and provision of additional information such as human resource accounting, inflation adjusted accounting, social responsibility etc
· The extent, nature and quality of non-financial information presented which considers the comprehensiveness and adequacy of the Management Discussion and Analysis, employee engagement and development activities, Corporate Social Responsibility, sustainability measures, business philosophy and ethics, corporate governance and its compliance

About ICAI
The Institute of Chartered Accountants of India (ICAI) is a statutory body established under the Chartered Accountants Act, 1949 (Act No. XXXVIII of 1949) for the regulation of the profession of Chartered Accountants in India. During its 61 years of existence, ICAI has achieved recognition as a premier accounting body not only in the country but also globally, for its contribution in the fields of education, professional development, maintenance of high accounting, auditing and ethical standards. ICAI now is the second largest accounting body in the whole world.

About Tilaknagar Industries Ltd. (TI)

Tilaknagar Industries Ltd. (BSE: 507205 / NSE: TI) is one of the renowned Indian Made Foreign Liquor players (including whisky, brandy, gin, rum and vodka) with presence across India. The Company manufactures markets and sells more than 40 brands across all price points. TI’s subsidiaries are Prag Distillery (P) Ltd, Vahni Distilleries Private Limited, Kesarval Springs Distillers Pvt. Ltd and Punjab Expo Breveries Private Limited. The Company exports its products to Western Africa, the Middle East, the Far East and Caribbean countries.

For further information, please visit www.tilind.com:

For more details please feel free to contact:

Harshala Nayak
Spin Communique
Media Manager
09619700161

• The scheme is a part of one of the 4 welfare schemes that were announced by ‘Saharasri’ Subrata Roy Sahara – Managing Worker & Chairman, Sahara India Pariwar

Pune, December 14, 2011: Sahara India Pariwar, a major business conglomerate of India, today under its social welfare programme of ‘Scholarship Scheme for the Meritorious Students of Low Income Group’ provided scholarship to 445 meritorious students of Pune district who belong to lower strata of the society. Out of these 445 students, the scholarship was extended to 300 students at graduation level and 145 students at post-graduation level. The meritorious students at graduation level will be provided Rs. 750 per month (Rs. 9000/- annually) as scholarship while students at post-graduation level will be provided Rs. 1500 per month (Rs. 18,000/- annually). The Guest of Honour for the event was Dr. Arun Adsool, Pro-Vice Chancellor, Pune University. The Chief Guest of the event was Mr. Ramchandra Kondalkar, Additional S.P. (CID Crime). The event was also graced by Shri Ashok Roy Choudhury, Executive Director Worker, Sahara India Pariwar and Smt. Kumkum Roy Choudhury, Deputy Director Worker, Sahara India Pariwar.

Under the Scholarship Scheme for the Meritorious Students of Low Income Groupfor the academic year 2011-2012, Sahara had invited applications from the public. Out of the collected applications forms, 300 students for scholarship at graduation level and 145 students at post-graduate level have been selected. At graduation level, out of the selected students,58% are male and 42% are female and 82% come from families which have annual income below 1 lac. At post-graduation level, out of the selected students,48% are male and 52% are female and 85% come from families which have income below 1 lac.

The scholarship scheme for meritorious students is a part of one of the 4 welfare schemes that were announced by ‘Saharasri’ Subrata Roy Sahara – Managing Worker & Chairman, Sahara India Pariwar. The other schemes include extending Public Health Services through 9 Mobile Health Unit (MHU) vans in the rural areas of Pune district, individual accident cover to the 17.07 lakh voters of Pune Lok Sabhaconstituency wherein Rupees One lakh will be provided as financial assistance to the nominee from the family of the person who has encountered accidental death and financial support for the promising sportspersons of Pune District who have performed at State, National and International level.

Sahara India Pariwar, in the month of September 2011, under its social welfare programme of ‘Social Security Cover Scheme’ had facilitated Mrs. Nalini Sunil Jadhav with Rupees One lakh as financial assistance. Besides, Sahara is also running 9 Mobile Healthcare Unit Vans and providing public health services to 72 villages of 6 Blocks and urban slums of Pune District. Each of these MHU vans has a qualified doctor and is equipped with primary health equipments.

Notes to the Editor:
Sahara India Pariwar is a major business conglomerate in India with operations in multiple sectors, including Finance, Infrastructure & Housing, Media & Entertainment, Consumer Merchandise Retail Venture, Health Care, Hospitality, Sports, Manufacturing and Information Technology.

For Further Information, Please Contact:
Ghulam Zeeshan
Corporate Communications, Sahara India Pariwar
Mobile: +91 9335235621

Despite its slow start, a new study from IMARC Group expects that biosimilars in the US will represent a multibillion dollar market in the coming years. The report states that the performance of HGH biosimilars cannot be taken as an analogue to project the uptake of other biosimilar classes as penetration rates of different biosimilars are expected to be different from one another and will depend upon three key factors:

•The complexity of the molecule
•The patient pool that it caters to
•The extent of savings it brings to payers and providers

Findings from the report suggest that the dismal performance of HGH biosimilars was mainly due to the fact that the patient pool for this drug is represented by children where physicians are quite reluctant to switch patients to a drug where very little safety data is available. Moreover, HGH is given for a defined period of time where the benefits or side effects can be lifelong and are not immediately observable. The report expects a much faster uptake of biosimilars in other therapy areas such as ESAs and Insulin which are mainly taken by adults and where the benefits and side effects from the drug would be clearly observable in a short time frame. Similarly, the uptake of Monoclonal Antibody biosimilars are also expected to be faster than HGH biosimilars as the annual cost of therapy for branded versions of these drugs can run into hundreds of thousands of dollars. The savings for payers and providers from the launch of Monoclonal Antibody biosimilars would be much higher than that compared to HGH biosimilars.

IMARC’s new report entitled “Biosimilar/Follow-on Biologics Market Report & Forecast: A Focus on the US (2011-2020)” provides an analytical and statistical insight into the US biosimilar market. The study, that has been undertaken using desk-based as well as qualitative primary research, provides and draws upon analysis of six aspects of the US biosimilar market.

Key Aspects Analyzed:

Evaluating the Current Market Landscape of Biosimilars:
• Identification of currently marketed biosimilars and their historical performance
• Identifying the reasons for the slow uptake of currently marketed biosimilars
• Analyzing historical data to formulate conclusions on the future growth and market trends of biosimilars

Evaluating the Extent of Price, Sales and Volume Erosions Caused by Biosimilars:
• Analyzing historical time series data on price, volume and sales erosion in the US & Europe
• Analyzing previous models and assumptions on price and volume erosion caused by biosimilars
• Evaluating and comparing price and volume erosion created by biosimilars vis-a-vis by small molecule generics
• Evaluating and comparing price, volume and sales erosion by biosimilars across various biological classes

Evaluating the Market Potential of Biosimilars Across Various Molecules:
Molecules Covered: Somatropin (Genotropin/Humatrope/Other HGH), Epoetin Alfa (Epogen/Eprex), Filgrastim (Neupogen), Pegfilgrastim (Neulasta), Insulin Lispro (Humalog), Insulin Glargine (Lantus), Insulin Detemir (Levemir), Interferon Beta-1A (Avonex), Interferon Beta-1A (Rebif), Interferon Beta-1B (Betaferon), Bevacizumab (Avastin), Trastuzumab (Herceptin), Rituximab (Mabthera/Rituxan), Cetuximab (Erbitux), Etanercept (Enbrel), Infliximab (Remicade), Adalimumab (Humira), Ranibizumab (Lucentis), Omalizumab (Xolair) and Natalizumab (Tysabri).

Focus of the Analysis for Each Molecule:
• Historical background and overview
• Historical brand sales
• Patent position
• Competing products
• Biosimilars in pipeline
• Brand and biosimilar sales forecasts

Evaluating the Sales of Biosimilars across Various Indications:
Indications Covered: Immunology & Inflammation, Diabetes, Oncology, Blood Disorders and Growth Deficiency
Focus of the Analysis for Each Indication:
• Historical brand sales
• Brand and biosimilar sales forecasts
• Indication wise breakup of molecules

Evaluating the Biosimilar Competitive Landscape:
• Identifying branded biological manufacturers that expect the highest amount of erosion from biosimilars
• Identifying biosimilar manufacturers and their pipelines

Understanding the Current Legislation on Biosimilars:
• An insight into the Biologics Price Competition and Innovation Act
• An insight into the key biosimilar issues that still remain unaddressed
• Interchangeability and Substitutability
• Data Exclusivity
Statutory provisions for dealing with patent litigations

To buy the complete report or to get a free sample, please contact:
IMARC Group Asia
Email: apac@imarcgroup.com
Phone: +91-120-425-6531
IMARC Group North America
Email: america@imarcgroup.com
Phone: +1-631-791-1145
To know more please visit: http://www.imarcgroup.com/

The total income in Q2 of the current year is Rs.112.29 crores as compared to Rs.64.83 crores of the corresponding period in the previous fiscal thus recording a growth of 73%. The total income for H1 of the current year stands at Rs.210.69 crores as against Rs.109.94 crores and this constitutes a growth of 91.64%.

The Profit before tax (PBT) in Q2 of current year has gone upto Rs.9.09 crores from Rs.3 crores in Q2 of the previous year with a growth of 203%. The PBT for H1 of the current year is Rs.15.15 crores as against Rs.4.73 crores thus registering a growth of 220.30%.

The Profit after tax (PAT) stands at Rs.6.06 crores in Q2 of the current year as against Rs.1.85 crores in Q2 of the corresponding period of the previous year thereby recording a growth of 227.56%. The PAT for H1 of the current year stands at Rs.10.00 crores as compared to Rs.2.99 crores in the corresponding period of previous fiscal thus registering growth of 234.45%.

Commenting on the results the Chairman and Managing Director (CMD), Shri Sharad B Pitti said, “The Company’s improved financial performance for H1 over the corresponding period of in the previous year is due to significant surge in the export business coupled with the benefits of operational economies of scale. Our continued focus on the operational efficiency and providing quality deliverables and greater degree of satisfaction to our esteemed clientele have cumulatively contributed to the improved performance of financial results in the current year.

The sales target set by the company and as indicated in its Annual Report for 2010-2011 is 24000 MT and the company has already recorded 12252 MT in H1 and is on track to actualize its annual sales target.”

About Pitti Laminations Limited

Pitti Laminations Limited (PLL) is engaged in the manufacture of electrical steel laminations and stampings catering to the reputed engineering and electrical industries in the country.

The company started it commercial production in 1987 and made steady progress and established itself as a quality product supplier with all major electrical manufacturing companies in India. The company has been exporting its products to US and Europe yielding significant export revenues forming part of the total income.

The company’s products find their application in Industrial motors, DC Machines, Alternators, Traction Motors, Pumps, Train lighting generators, Aeronautics, Medical diagnostics equipments, Windmill generators, Laminations for specialised applications, Die-Cast Rotors, Built-up Rotors and assembled stators either cleated or welded.

The company’s facilities are located at Nandigaon village, Kottur mandal, Mahaboobnagar District, Andhra Pradesh.

Conceptualized and given form to by Mr. Keshav Suri with invaluable inputs from the Bharat Group of Hotel’s Chairperson & Managing Director, Dr. Jyotsna Suri. Kitty Su amalgamates influences of ancient India with contemporary elements. Spread over an expanse of 13,000 sq ft. The club is split between two levels. Artistically exploring the past and present and translating it fluidly into an urban shrine for the lovers of music. The interiors of the property have been designed by the maestro Mr. Bobby Mukherjee under the keen direction and well regarded artistic flair of Dr. Jyotsna Suri and Mr. Keshav Suri.

The nightclub celebrates the spirit of the youth of India while still remaining firmly grounded in its rich cultural heritage. Among many firsts in the country, it introduces the concept of the ‘A’ List area called ‘The List’. Offering the elite an opportunity to enjoy themselves in a private environment away from the scrutiny and glare of the paparazzi. A special electronic key card that has been presented to the ‘A’ List can only access the area. While subtle earthy influences with evocative Kama Sutra sculptures especially brought in Khajuraho decorate the public area of the club. ‘The Salon’, a mini nightclub within a nightclub, commemorates the magnificent ethnic craftsmanship with its intricately carved wooden jali work and sumptuous tapestry. Another first, perhaps, is the Champagne Lounge referred to as ‘The Dressing Room’. The room offers a plethora of delectable champagnes, sparkling wines and cocktails made of the bubbly beverage. Available by the reasonable piccolo, pop and glass so that one does not have to feel extravagant in order to savor this fine drink anymore.

Keeping true to his promise of delivering high standards and only the best, Mr. Keshav Suri has joined hands with music biggies like MOS & VOID to ensure the definitive in cutting – edge club music and sound technology. Two DJs will be playing up to three sets of music on any given night varying from genres of Electro to Pop & from House to Disco. 

Setting trail-blazes for the rest to follow, the nightclub offers a range of distinctive value added services that only a chain of five – star hotels of the stature and repute of ‘The Bharat Group of Hotels’ can. To discourage drink and drive, exclusive pick and drop services would be offered to the guests. Apart from these, there are also a variety of special packages available that give the words Enjoyment & Relaxation, new definitions! These include, romantic weekend getaway packages for couples and the facility of booking a luxurious party bus if you are one who likes to party with your posse, among many others.

Also on offer at the club is its inimitable range of branded merchandise. Unique and imaginatively designed products that are fashionable but don’t lose out on that essential factor of fun! Starting with T – shirts and flip – flops which will be available once the club launches, plans are already underway to extend the line to include shoes, bags and perfumes, among other chic items.

To celebrate the launch party in the incomparable style of The LaliT, four eminent French DJs have been especially flown from Paris to ‘Exclusively Headline The Launch Event’. These include, DJs Ludovic Llorca aka Llorca & Fabrice Dayan who will be kick-starting the festivities on the launch night, while the other two DJs Shane & Vas will soldier on the party the following day. Collectively, these DJs boast enviable bios, while Llorca has played at all the best venues between Moscow and London to Vancouver & LA, Fabrice happens to be the coveted resident DJ at the infamous Parisian celebrity haunt Chez Raspoutin. DJ Vas has entertained crowds of over 20,000 people and Shane is the resident DJ at one of Paris’s most esteemed establishments – The Ritz Hotel.

Speaking on the occasion, Mr. Keshav Suri, Executive Director, The Bharat Group of Hotels and the true mastermind behind the entire Kitty Su project, had this to say, “Today is nothing short of a dream come true for me. A small seed of an idea that took hold of me almost two years ago has not only taken shape but also gone well beyond my wildest expectations that I had for it. A lot of sweat, passion and love has gone into making this project a reality and I don’t regret a second of it. An incredible amount of thought and attention has been paid to even the minutest to details to make sure that this club is the absolute in contemporary clubbing experience. I hope the patrons of Kitty Su have the most memorable of experiences every time they visit the club and have fun responsibly.”      

About The LaLiT – A Bharat Hotels Limited Enterprise

Bharat Hotels Limited is known as India’s largest privately owned Hotel Company and also the fastest growing hospitality group. 

Established in 1982 and headquartered in New Delhi, the company started its first hotel in 1988 under the dynamic leadership of Founder Chairman Mr. Lalit Suri, who had spearheaded the Group’s unprecedented expansion plans, till he passed away in 2006. Rapid expansion and consolidation of its leadership position continues under the equally dynamic stewardship of Dr. Jyotsna Suri, Chairperson & Managing Director.

All hotels were operated under the brand of The Grand Hotels, Palaces & Resorts till November 19, 2008, when the company re-branded as ‘The LaLiT’ for its top line hotels, under The LaLiT Suri Hospitality Group which has seventeen luxurious hotels, 3600 rooms in the five-star deluxe segment – Eight Operating hotels and nine under development.

For reservations and other details, please get in touch with us at – + 91 11 44447666

For any press related enquiries, please call – Strobe PR –

Shemaila Khan: +91 9810776354

Sonam Tsomo:  +91 9999778834

Aashutosh Singh: +91 9910090042

In first phase the construction of Sahara City Homes Satna has started on land area of 23.79 acre and proposes to house 128 residential units and offers 2 to 3 bedrooms residential units in the category of mid-rise apartments, Duplex and independent bungalows. The townships aims to provide quality community living to the people of Satna by offering amenities such as club, community center, hospital, shopping mall , school, hotel , uninterrupted power and water supply, security, local transport, park’s and playground. Essential services like Convenience Stores, Banking and Postal services etc. will ensure convenience for the residents. A proposed Service Center, just a phone call away, will take care of all Plumbing, Electrical Repair and Taxi requirements. A proposed combination of AC and Non-AC buses would provide good commuting facilities.

On the launch of Sahara City Homes, Satna Sushanto Roy, CEO – Sahara Prime City Limited said, “We are proud to announce the launch of our mega project Sahara City Homes, in Satna. The township has been planned to set a new standard of luxury and style. The brand Sahara City Homes intends to provide quality lifestyle with its range of amenities and facilities.”

This self-sufficient township is meticulously designed and located at N.H.-75, near Itaura Devi Mandir, Tehsil – Raghuraj Nagar. The total Residential Plot Area (including services) of the project will be 203580∙26 sq. mt., while Commercial Plot area (including amenities) will be 57042∙22 sq. mt.

As an extra safety measure for maximum protection of life & property from Earthquake, every construction is designed 1 level higher than the applicable seismic zone as per the specifications of Bureau of Indian Standards. In addition, Sahara City Homes will have various certifications such as ISO 9001 for quality management system, ISO 14001 for environment management system, OHSAS 18001 for occupational health & safety and SA 8000 for social accountability.

About Sahara Prime City Limited
Sahara Prime City Limited (SPCL) is one of the largest real estate development companies in India.

Sahara Prime City Limited has business plan focused on developing 88 integrated townships under the “Sahara City Homes” brand name and 15 residential complexes under the “Sahara Grace” brand name across 99 cities in India. The overall vision is to develop these townships and residential complexes in 217 cities of India.

Suryajyoti has posted a 333% rise in Net Profit at Rs.1583 lakhs for the year ended 31st March 2011, as compared to Rs. 366 lakhs in the previous year ended 31st March 2010.
The Company’s Net Sales soared to Rs. 39426 lakhs for the year posting a rise of 46% as compared to Rs. 26953 lakhs in the previous year.
The EPS of the Company has surged to Rs.9.73 compared to Rs.2.26 in the previous year, resulting an increase of 331%.
Commenting on the results, Mr. Arun Agarwal, Executive Director said, “We are highly pleased with the company’s performance in FY10-11. The global textile economy has recovered and we’ve witnessed a tremendous increase in the demand for textile products across the globe. We are further upgrading our spinning facilities to cope with the rising demand and we hope to please our stakeholders in the next year with our consistent performance.”

About Suryajyoti Spinning Mills Ltd

Suryajyoti Spinning Mills Limited started operations in 1992 and over a period increased its capacity to 86,560 spindles. The Company produces a very high quality of yarn of international standards and exporting to various countries in all the product range viz. Cotton, Polyester spun, Poly Viscose blend, Poly Cotton blend and 100% Viscose spun, in count range of 16’s to 80’s. The Company has multi-locational Yarn manufacturing facilities at Burgul, Makthal and Rajapur in Mahabubnagar District in Andhra Pradesh.
As a part of forward integration, the Company had entered into a value-added Bottom-weight fabric business by setting up a state-of-art facility in Kucherkal village in Mahabubnagar District with a capacity of 20 million meters per annum. Commenced Commercial Production in 2009. The Project was set up with the Technical Collaboration with Pangea Srl, Italy. This is the first of its kind in entire Andhra Pradesh. It will be one of the few in India to give speciality bottom weight and outerwear fabrics.

Do you always keep hearing that smartphones and tablet devices will soon replace desktops and laptops, but wonder how?

Well, here’s something that has accelerated that transition and has already made it possible at least for Sales Professionals.

Mumbai based Tally Solution Partner, Shura Consulting has launced the First ever Android mobile application that is seamlessly integrated with Tally.ERP 9, India’s most popular Accounting and Business Management Software.

SALESmPRO (www.salesmpro.com) enables Sales Professionals to access important and relevant information from their company’s Tally.ERP 9 database on their authorized mobile phones. The app connects directly to Tally.ERP 9 over the mobile internet and downloads the latest Customer Balances, Product Stocks and Prices to the local mobile database and keeps the information available even when offline. It also allows the Sales Professional to view Real-time Reports like Customer’s Ledger Account, Payment Performance, Purchase History etc. directly from Tally.ERP 9 right on the mobile phone or tablet device.

The Salesman can easily send Payment Reminders via SMS or Email. Contacting the Customer and even viewing Directions to his office on Google maps is made very easy.

SALESmPRO converts the Android mobile phone into a Digital Product Catalog.

The application also features an extremely user friendly “Shopping-Cart style” interface for generating Quotations on the mobile phone. Quotes can be instantly sent to customers by email.

Saved Quotations can be easily converted to Orders, which can be Directly Uploaded to the Tally.ERP 9 Server over the mobile internet connection.

SALESmPRO works with all Android mobile phones and tablet devices running Android OS 2.1 or 2.2 irrespective of the screen size. It has been optimized to work even on slow GPRS (2G) connections.

Yasin Siddiqui, CTO of Shura Consulting, developer of SALESmPRO said, “I’ve been personally working on Tally for more than 12 years now and my clients have always wanted to stay connected to their Tally data. With the advent of Smartphones, especially the powerful Android OS, it has now become possible for us to offer this solution to them. Despite the product being revolutionary in many aspects, it has been very reasonably priced which is great attraction even for Small Businesses. We are thrilled with the overwhelming response received by this product and have decided to launch more such applications integrated with Tally.ERP 9 including apps on other leading mobile platforms too.”

More details including a Demo Viewo are available on www.salesmpro.com

Hyderabad 24^th January 2010: The International Taxation Committee of the Institute of Chartered Accountants (ICAI) has organized International Taxation Conference ‘Jnanadeep’ at Shilpakalavedika, Hyderabad on Monday, 24^th January, 2011.

The conference highlighted the challenges faced by corporates in respect of International taxation. Over 1500 delegates have participated and deliberated various issues associated with the increased number of cross border transactions after globalization.

The conference was attended by dignitaries Sri N.Kiran Kumar Reddy, the Chief Minister of AndhraPradesh ;Sri Chiranjeevi, the President of Praja Rajyam Party;Amarjit Chopra,President of ICAI; G.Ramaswamy, the Vice President of ICAI; Shri  M. Devaraja Reddy,the Central Council member; J.Venkateswarulu , theCentral Council member ;C.Venkatram , the Chairman of the host branch among the others.

Addressing the gathering, Mr.Amarjit Chopra, President, ICAI said “It is significant to note that this conference lays focus on various important topics of relevance for our members and would equip them to face the present professional environment and use the emerging opportunities to the optimum. The changing business environment of today is symbolized by cross border flow of capital, technology and products and has broadened the dimensions of accountability and performance.”

About The Institute of Chartered Accountants:

The Institute of Chartered Accountants of India (ICAI) is a statutory body formed by an Act of Parliament. It is the second largest accounting body in the world, regulates the profession of chartered accountancy in India, through its headquarters in New Delhi, 5 Regional offices at Mumbai, Chennai, Kanpur, Kolkata and New Delhi. The Institure controls about 170,000 memebers and has an active student base of nearly 650,000 students as of date.

During its 61 years of existence, ICAI has achieved recognition as a premier accounting body not only in the country but also globally, for its contribution in the fields of education, professional development, maintenance of high accounting, auditing and ethical standards.ICAI now is the second largest accounting body in the whole world.

Bartronics India Ltd. Q2 FY2011 earnings call to be held on 15^th November, 2010

Hyderabad, November 9th, 2010 – Bartronics India Ltd. (Bartronics or Company), an ISO 9001:2008, Automatic Identification and Data Capture (AIDC) company with a track record of 20 years of applying and innovating identification technologies and products to deliver solutions to a global clientele, will announce its second quarter FY11 results on Saturday, November 13, 2010. The results will also be available on the company’s website, www.bartronicsindia.com. The earnings call for the results will be held on Monday, November 15, 2010 at 4:00 PM

Earnings Call

(4:00 PM – 5:00 PM IST)

The Company will conduct an hour long conference call on 15^th November at 4:00 PM IST, where the top management of the Company will discuss the results and answer questions from participants.

Participants are requested to log in 10 minutes prior to the start of the scheduled call.

About Bartronics

Incorporated in 1990, Bartronics is a Hyderabad based company that started with providing solutions in Bar Coding, one of the oldest AIDC technologies. The Company’s focus today extends to RFID, POS, and Smart Cards.

Bartronics’ focus is on supply chain and inventory management, logistics, time, attendance and asset tracking systems. Bartronics’ knowledge of products, technologies, implementation skills and understanding of the market place make the company a dominant player in the domestic markets, and help it share exclusive relationships with many of the leading vendors in the world.

For more information on Bartronics visit www.bartronicsindia.com.

For further information, please contact:

Safe Harbor: Certain statements made in this release concerning our future growth prospects may be interpreted as forward looking statements, which involve a number of risks and uncertainties that could cause the actual results to differ materially from those in such forward looking statements. Investors are requested to use their discretion in relying on them. We do not undertake to update any forward-looking statements that may be made from time to time.

The Institute of Chartered Accountants of India ties-up with United Stock Exchange to impart knowledge on currency derivatives

October 7,2010, In a move to impart comprehensive knowledge of financial markets to its members, The Institute of Chartered Accountants of India (ICAI) recently signed a MOU with United Stock Exchange (USE). As part of this MOU, USE plans to educate members of ICAI by organizing seminars, panel discussions, workshops on financial markets and corporate governance. ICAI would provide institutional support and facilitate interactions with its members wherein USE would impart relevant knowledge.

CA. Amarjit Chopra, President, ICAI said “Recently we have witnessed rapid development in the financial sector through the launch of new innovative products and it is imperative that our members are regularly updated on these developments. We are glad to have tied up with the Untied Stock Exchange for a series of educative seminars, panel discussions and workshops which are aimed at enhancing financial knowledge within our member community.”

Speaking on the development, Mr. T.S. Narayanasami, Managing Director & CEO of United Stock Exchange said “It is a pleasure to be associated with ICAI, a premier accounting body in the world. Through this association we hope to build knowledge about financial markets especially sophisticated instruments like currency derivatives in India. I am sure both USE and ICAI would learn from each other and develop a very fruitful relationship.”
The MOU has been signed for a term of 3 years and would be renewed subsequently on mutual consent. USE was launched recently with record volumes and has been the market leader since launch.

About ICAI
The Institute of Chartered Accountants of India is a statutory body established under the Chartered Accountants Act, 1949 (Act No. XXXVIII of 1949) for the regulation of the profession of Chartered Accountants in India. During its more than six decades of existence, ICAI has achieved recognition as a premier accounting body not only in the country but also globally. ICAI now is the second largest accounting body in the whole world.

ICAI has its headquarters at New Delhi with 5 Regional Offices at Mumbai, Chennai, Kanpur, Kolkata, New Delhi. It presently has 126 branches spread all over the country. In addition, it has also set up 22 chapters outside India and an overseas office in Dubai.

ICAI is one of the unique organizations with its activities encompassing education, training, examination, disciplinary mechanism, peer review, continuing professional development, government accounting, standard setting and alike. Its contribution to the work programmes of Government and other regulators has seen it being an important constituent of their select Committees.

About USE

United Stock Exchange of India Limited (USE) is India’s newest stock exchange for currency derivatives. The exchange offers a better platform to corporate and SMEs for managing forex risk as spread rates in an exchange are better and it does not involve any counter party risk. USE has a unique Public-Private partnership with equity participation by both PSUs and the private sector banks. All 21 Indian public sector banks have promoted United Stock Exchange by investing in equity which include. In addition to public sector banks, 5 private sector banks have also an equity participation in USE; they include Axis Bank, Federal Bank, HDFC Bank, ICICI Bank and J&K Bank.

Apart from banks, Jaypee Capital, MMTC and Indian Potash have also invested in United Stock Exchange to build an institution that is on its way to becoming an enduring symbol of India’s modern financial markets. Bombay Stock Exchange is also a strategic partner with USE as it holds a 15% stake and all its members are connected to the new USE platform.

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

Media Contact

Ritu Bahl

Deputy Secretary

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Curtain Raiser Ceremony of the Chain-Workshops on Indian Accounting Standards converged with IFRSs

April 29, 2010, Press Release, The Institute of Chartered Accountants of India (ICAI) organized the Curtain Raiser Ceremony of the Chain-Workshops on Indian Accounting Standards converged with IFRSs at New Delhi on April 29,2010. The function was inaugurated by Shri R.Bandyopahyaya, Secretary, Ministry of Corporate Affairs.

At the outset CA. Manoj Fadnis, Chairman, Accounting Standards Board(ASB) welcomed Shri R.Bandyopadhyay, Secretary, Ministry of Corporate Affairs, CA. Amarjit Chopra, President, ICAI, CA.G.Ramaswamy, Vice President, ICAI, Shri T.Karthikeyan, Secretary, ICAI, CA.S.Santhanakrishnan, Vice-Chairman, ASB and Central Council Members, ICAI.

While addressing the gathering CA.Manoj Fadnis said “The Institute of Chartered Accountants of India (ICAI) is co-partnering Ministry of Corporate Affairs in its various initiatives latest being the convergence of Indian Accounting Standards with International Financial Reporting Standards (IFRSs).ICAI is spearheading this initiative of the Ministry. In order to ensure that the convergence process is smooth and meets the stipulated deadlines, the ICAI proposes to launch intensive training workshops in 58 locations across the country.”

The ICAI has started a massive exercise to train its members in industry as well as in the practice. Last year, it launched an extensive 100 hours Certificate Course in IFRSs. So far, about 1600 members have successfully undergone the training of the IFRS certificate course. Besides this, the ICAI has also conducted several seminars and conferences on IFRSs to discuss various aspects related to convergence.

While addressing the gathering at the inauguration ceremony, Shri R.Bandyopadhyaya, Secretary, Ministry of Corporate Affairs said “A financial reporting system supported by strong governance, high quality standards, and firm regulatory framework is the key to economic development. Indeed, sound financial reporting standards underline the trust that investors place in financial reporting information and thus play an important role in contributing to the economic development of a country.”

Shri Bandyopadhyaya further added “I am really happy to note that the Institute is taking all necessary steps to organize IFRSs awareness programmes for the industry. This will certainly ensure a smooth transition to IFRSs.”

CA. Amarjit Chopra, President, ICAI shared that “The preparedness of industry also depends upon the readiness of professionals in carrying out tasks related to preparation and audit of financial statements in accordance with IFRS-converged accounting standards. The ICAI continuing its commitment to formulate Accounting Standards converged with IFRS dedicates to the nation chain training workshops on Indian Accounting Standards converged with IFRS.”

ICAI has decided to undertake training programs of short duration to meet the varying requirements of different entities/individuals. Accordingly two types of Training Workshops are being planned to be conducted at the 58 locations throughout the length and breadth of the nation:-
Two Days Training Workshops

• The two days workshops have been designed to equip the ICAI Members, Corporates and other stake holders with the essential knowledge in Indian Accounting Standards converged with International Financial Reporting Standards (IFRSs) covering the following aspects in its ambit:
  • Introduction and dissemination of knowledge on Indian Accounting Standards converged with IFRSs
  • Comparison of IFRSs with converged Indian Accounting Standards

One Day Training Workshops

• The one day workshops have been specially designed with the objective of equipping the ICAI members and others with general overview of the Indian Accounting Standards converged with International Financial Reporting Standards to enable them to develop an approach for acquiring structured knowledge about the same.

CA. G.Ramaswamy, Vice President, ICAI shared that “The ICAI is all geared up and is aiming to meet the deadlines for the implementation of Indian Accounting Standards converged with IFRS. We have planned and implemented programmes for enlightening professionals on IFRS, the Corporates and other stakeholders for expanding their knowledge base. I also believe that we shall be able to fulfill our commitment and meet our implementation deadlines successfully.”

While delivering Vote of thanks Shri T.Karthikeyan, Secretary, ICAI said “I would like to take this opportunity to convey our heartfelt thanks to Shri R.Bandyopadhyaya for the guidance he has extended to all of us. He also added that under the able leadership of the Ministry, the ICAI has taken the role of the ambassador of the profession at the national and international levels and would do its best in this field as well.”

The detail about the locations where the workshops shall be organized is placed at following link.

IFRS Workshop Locations

ICAI Media Contact

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Results for the quarter and year ended March 31, 2010 under IFRS. Wipro Records 21% YoY Growth in Profit After Tax in Q4 FY10. Board of Directors recommends final dividend of Rs 6 per share and a Bonus Issue of 2:3

Bangalore, India and East Brunswick, New Jersey, USA – April 23, 2010 — Wipro Limited (NYSE:WIT) today announced financial results under International Financial Reporting Standards (IFRS) for its fourth fiscal quarter and year ended March 31, 2010.

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The delegates from Japan along with the officials of ICAI and the Chairman of ASB of ICAI, Shri Manoj Fadnis participated in the deliberations for formulating the guidelines for future cooperation. Mrs. Renuka Kumar, Joint Secretary, Ministry of Corporate Affairs, guided the deliberations. Mr. Mohandas Pai, Member of the Board, Infosys, played a key role in formulating the understanding.

The Vice-President of ICAI, Mr. G. Ramaswamy expressed that this understanding will pave the way for greater cooperation between the two Institutes in future.

ICAI Media Contact

Ritu Bahl

Tata Consultancy Services (TCS) Q4 Results 2010 will be Announced On April 19, 2010

Bangalore, India, April 19, 2010 / IndiaPRLine / — Tata Consultancy Services (TCS) Q4 Results 2010 will be Announced On April 19, 2010 as the board of directors will sit to decide on the final dividend to be given to the share holders.

It is also said that TCS is all set for a salary hike on the same day. Those who want to get the TCS Q4 results can send a SMS ‘R TCS’ to 51818.

Currently, TCS has about 1,44,000 employees in its payroll and plans to hire another 30,000 in the next financial year. The company has not announced any salary hike last year due to recession.

The other Indian IT majors such as Infosys and Wipro have already announced salary hike to their employees.

According to analysts, the salary hike decision is primarily based on the good returns. However, the hike will impact its net margins for the upcoming year.

The net profit of TCS in the Q4 2009 stood at Rs 1,333 crores which was up by 7% Y-o-Y. Similarly, its net profit in Q3 was Rs 1824 crores which is 34% gain Y-o-Y and 11% up Q-o-Q. TCS had revenues of Rs 7649 crores in Q3 which was 5.1% growth Y-o-Y and 2.9% Q-o-Q.

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Prithvi increases its R&D spend by 500% from INR Rs. 2 crore to INR Rs.12 crore
-CREATE, PISL’s research division has filed for 5 patents in the field of analytics with 3 more pending for approval
-PISL is now known as the pioneer in business analytics

Mumbai, India, March 19, 2010 / IndiaPRLine / Centre for Research and Excellence in Advanced Technologies (CREATE), the R&D division of Prithvi Information Solutions (PISL), pioneer in the field of business analytics, has filed for five patents in the field of analytics covering Telecom, Retail, IT infrastructure Management & Finance along with a pipeline of three more.  As an endorsement to CREATE’s cutting edge research, PISL has decided to invest 10% of its profits in the R&D division from spending about INR 2 Crores a year to INR 12 Crores a year.

PISL has used the IP developed at CREATE to build several frameworks and platforms to speed up solution delivery substantially.  CREATE’s pioneering work has been showcased through publishing of six research papers in various international journals through the existing patents. The other patents pending for approval include:

• System for predicting and correcting failures in telecommunication and infrastructure networks
• A system and method for infrastructure management powdered by statistical methods
• A system and method for real time discount program to stimulate cart swell
• An integrated optical scanning system
• A holistic system that comprehends “the why of customer churn”

Currently , CREATE is working on areas such as Data Analytics, Cloud Computing, Process Modeling, e-learning, e-security and other technology area’s headed by Dr Dakshinamurthy V Kolluru.

According to Dr Murthy, “the universal application of Analytics across industries makes it very powerful proposition. The bottom line impacts speak for themselves, no wonder businesses are turning to Analytics to solve their most complex problems.   The market size for business analytics is expected to be 100 billion dollars. As pioneers in this field we expect to garner a decent chunk of the market.”

CREATE works with clients of various sizes ranging from cutting edge technology start ups to multi-billion dollar corporate. Their current clientele includes Schlumberger, Redcats, Delence, Industrial Scientific, etc.  Dr Murthy, says, “We are a very young organization within Prithvi, the future for us looks bright. The increased allocation of funds to R&D, emphasizes on the fact that PISL will increase its focus on R&D and look to it to drive future businesses. Our goal is to bring tomorrow’s solutions to our customers today”.

Editor Notes

About Prithvi Information Solutions Limited

Prithvi Information Solutions (PISL) is a global Information Technology and Telecom company, which brings together its industry, functional and technical expertise to provide valuable solutions to its customers and ensure their success. PISL specializes in Telecom engineering and products, Enterprise Resource Management, Outsourced Product Development, Business Intelligence , Infrastructure Services, E-governance, Mobile platforms and Systems Integration among various other expertise. PISL’s R&D driven approach to solving the complex business problems of our customers, often results in innovative solutions that positively impact the customer’s bottom line.

PISL is ranked 12 among all the IT services Exporters by NASSCOM. Prithvi is constantly rated among the top 50 fastest growing companies in India and top 500 of Asia by Deloitte.  PISL services customers in various geographies including USA, Brazil, Canada, Middle East and India. PISL is publicly listed in NSE BSE. For more information please Visit www.prithvisolutions.com

Safe Harbor

Certain statements in this press release are forward-looking in nature and concern our future growth. These statements are based on assumptions that are subject to certain risks and uncertainties and could cause our actual results to materially differ from the forward-looking statements. PISL undertakes no duty to update any forward-looking statements

IFRS to benefit India Inc; Mohandas Pai, Infosys. IFRS guidelines for financial institutions soon; Malegam, Chairman, NACAS

17th March 2010, Mumbai, /IndiaPRLine.com/ The India Inc is set to converge from the Indian Accounting Standards to International Financial Reporting Standards (IFRS) from 1st April 2011, the industry captains voiced that the convergence would favour Indian corporates eyeing the global markets, at the IFRS summit organized by Confederation of Indian Industry (CII) – ‘IFRS Convergence Gaining Strength’.

Mr T V Mohandas Pai, Director and Head, Finacle, Admin, Human Resources, Infosys Leadership Institute and Education and Research, Infosys Technologies Ltd said at the CII IFRS summit, “There are concerns among industry players but in fact it would benefit the Indian industries. IFRS is world’s best accounting standard and converging into the same would make raising funds outside India and attracting foreign investment easier. IFRS shall help in maintaining transparency levels to attract overseas players.”

On the issues of convergence, Mr S Mahalingam, Chairman – CII IFRS Summit and Executive Director & Chief Financial Officer, Tata Consultancy Services Limited also said that there should be no fears among industry players as the key elements of Indian Accounting Standards and IFRS are not going to vary much.

Mr Y H Malegam, Chairman of the National Advisory Committee on Accounting Standards (NACAS) said, “Under IRFS, there will be changes in treating certain aspects of assets and liabilities like treatment of redeemable preference shares and depreciation provisions. But, mainly the terminologies will change and other provisions would not affect the tax treatments and cash profit calculations.” He further added that IRFS guidelines for the banking, insurance and NBFCs would be released soon. He also said, “IRFS will consist of two parts, initially for the organizations with more than Rs 500 crore networth and rest having less than Rs 500 crore networth with having a difference of reporting disclosures by both.”

Mr Manfred Hannich, Global Head of Accounting Advisory Services, KPMG informed that the US is also considering IRFS convergence. “India is one of the earliest countries to go for IRFS and the US may follow soon as discussion on consolidated taxation treatment on financial reports is underway,” Mr Hannich said.

CII Media Contact

Neelam Joshi
Media Desk
Confederation of Indian Industry
23, Institutional Area
Lodi Road
New Delhi – 110 003
Mobile: 9810882431

Aquarian Management Services co-founder, Vinod Keni, who has deep expertise and experience of more than 18 years as a CFO & entrepreneur in working with early and growth stage companies will lead the initiative.  He has handled projects ranging from raising equity funds to strategic planning to operations to cash flow management, risk management, M&A, restructuring and Initial Public Offerings in India & the US.

“SMEs require expert CFO & financial leadership as they scale up and expand in a dynamic Indian and global business environment,” said Vinod Keni.  “Our breadth & depth of experience will be of immense value to these organizations as they accelerate business performance.  Our CFO Partners are not only effective financial leaders, but strategic partners with a sharp business mindset and the ability to identify short- to long-term business opportunities and potential roadblocks in a venture,” he added.

Aquarian CFO Services is designed to help clients accelerate business performance and create more value for their stakeholders by leveraging resources effectively, making the right strategic decisions, prioritize and respond to competing needs and opportunities. Aquarian CFO Partners provide value-based solutions tailored to achieve a wide range of tactical and strategic goals that support current and future growth.

Using a unique blend of executive services, deep experience, a proprietary “CFO Toolkit”, executive consulting and a network of Value Add Advisors, Aquarian CFO Partners are continuously engaged with clients and are always available as and when needed. Aquarian CFO Partners are seasoned strategic, financial, and operational leaders who have done the job before. More importantly, Aquarian CFO Partners focus on execution rather than objective advice.

For more information about Aquarian CFO Services or to talk with a CFO Partner, please contact:

Vinod Keni,
Aquarian Management Services Pvt. Ltd.
Visweswar, 523, 33^rd Cross, 4^th Block, Jayanagar, Bangalore 560011.  INDIA
P: +91-80 – 4146-0365
C: +91-9845414179
E: vkeni@aquariancfo.com or vkeni@aquariangroup.com
W: www.aquariancfo.com

The Management of Tax Knowledge report shows a serious lack of understanding of the tax system

March 2, 2010 / IndiaPRLine / — Her Majesty’s Revenue and Customs (HMRC) spends a lot of time telling us that ‘tax doesn’t have to be taxing’.

However, a three-year research project carried out for ACCA (the Association of Chartered Certified Accountants) by the Universities of Nottingham and Southampton – called The Management of Tax Knowledge – shows that there is a serious lack of understanding of the tax system amongst those in the corporate world responsible for making tax-decisions for their company.

“There is little point in a tax code if key decision-makers aren’t sure how it works”, said ACCA’s Head of Taxation, Chas Roy-Chowdhury. “Tax knowledge and its sharing amongst key stakeholders must be improved to make the tax system more efficient and to ensure that businesses are paying the right amount of tax.”

The Management of Tax Knowledge shows that even when companies have retained the services of an accountancy firm to help them with tax decisions, the information provided to the advisory accountancy firm is neither in the appropriate format, nor is it delivered in a timely fashion.

The research also identified potential problems in the relationship between HMRC and businesses. As the ultimate source of much tax knowledge, it is vital that HMRC communicates effectively with its stakeholders. However, while the majority of respondents to ACCA’s surveys and interviews said they had a ‘good’ relationship with HMRC, only around 25% said they felt they had sufficient opportunities to share tax knowledge with the taxman.

“HMRC needs to consider ways of raising levels of tax knowledge”, added Mr Roy-Chowdhury. “More effective use of the internet may help reduce some of the lack of communication, but at the very least, HMRC needs to improve its feedback capacities. This would ensure that any problems companies are having with tax law, particularly its interpretation, are identified quickly. Meanwhile, businesses should consider the benefits of investing more in developing internal tax experts.”

The research also suggests that a means of providing anonymous feedback to the taxman should be considered to encourage an in-depth discussion of issues.

Mr Roy-Chowdhury continued: “The other key provider of tax knowledge to businesses is accountancy firms. Considering the majority of small businesses use their accountant as their primary source of business advice, it could be useful for the HMRC to improve further its relationships with accountancy bodies or similar professional institutions in order to improve the dissemination of tax knowledge, as well as improving how it offers feedback.”

For more information on ACCA’s research and taxation programmes, head to our Twitter pages: @ACCAResearch or @ACCATaxation.