The e-Wallet Card can be created instantly using Axis Bank’s Internet Banking and can be used for making payments on all websites that accept Visa cards. To generate an e-Wallet Card all consumers need to do is log on to the Bank’s Internet Banking portal, select the e-Wallet Card option under the Cards menu, select the source account from which the funds would be debited and follow the instructions that appear thereafter. In case of emergency the e-Wallet Card can also be shared with relatives & friends.

Speaking on the occasion of the launch Mr. R. K. Bammi, Executive Director, Retail Banking said “The e-Wallet Card is another instance of the Bank using its technological know-how to design a product that is secure and customized for consumer’s online payment needs. We hope that the e-Wallet Card will encourage consumers to embrace the e-payment platform.”

The e-Wallet Card can be created for making e-payments and each card can be used only once, thus ensuring the safety of the user’s account. An additional layer of security in terms of Verified-by-Visa (VBV) is added to further safeguard the account. The minimum limit for the card is Rs 10 and maximum is Rs. 50,000. The validity period of the card is 48 hours. In case of partial usage or zero usage, the un-utilized amount will be credited back to the user bank account within 4 days.

About Axis Bank:

Axis Bank is the third largest private sector bank in India. Axis Bank offers the entire spectrum of services to customer segments encompassing Large and Mid-Corporates, SME, Agri – Businesses and Retail.
With its 1390 branches (including extension counters) and 6,270 ATMs across the country, as on 31st March 2011, the network of Axis Bank spreads across 921 cities and towns, enabling the Bank to reach out to a large cross-section of customers with an array of products and services. The Bank also has overseas offices in Singapore, Hong Kong, Shanghai, Dubai and Abu Dhabi.

The Bank’s website www.axisbank.com offers comprehensive details about its products and services.

For further information please contact:

Axis Bank

Julius Samson / Anand Mugad
+912224254604/+912224255608
julius.samson@axisbank.com/
anand.mugad@axisbank.com

Index PR

Raj Tapal / Tayyab Imadi
+91 98211 33567 / +91 99672 12492
rajtapal@indexpr.com/
tayyab@indexpr.com

The partnership between LIC Cards Services Limited and Axis Bank was announced today with Ms. Shikha Sharma, MD & CEO of Axis Bank presenting the first LIC Visa Signature Credit Card powered by Axis Bank to Mr. D. K. Mehrotra, Current-in-Charge-Chairman of LIC of India. Others present on the occasion were Mr. S. C. Singh – Director & Chief Executive, LIC Cards Services Limited and Mr. Jairam Sridharan – Head-Consumer Lending & Payments, Axis Bank.

Speaking on the occasion, Mr. D.K. Mehrotra, Current-in-Charge-Chairman, LIC of India said It is a great pleasure for us to announce the launch of LIC Credit Cards in partnership with Axis Bank limited. We are confident that our relationship with Axis Bank will accelerate the process of increasing customer comfort which has been our constant endeavor and further add value to our services.

Speaking on the occasion, Ms. Shikha Sharma, Managing Director & CEO, Axis Bank said, “We at Axis Bank are delighted to partner with LIC Cards and are committed to making this program a grand success. Through the program, we will address the payment solution needs of LIC customers thereby giving them yet another reason to stay with LIC of India.”

The LIC Credit Card program is designed to offer new-age payment solution to customers of LIC of India. The LIC Credit Cards program will be on four product variants, namely Visa Gold, MasterCard Titanium, Visa Platinum, and Visa Signature Credit Card. In addition to regular credit card benefits like global acceptance, interest free credit period, cash withdrawal etc., LIC-Card holder will also get fuel surcharge waiver across all fuel pumps (not applicable to Gold Credit Card) and lost card liability insurance cover to all cardholders. LIC Card holders will get bonus reward points for paying LIC Policy premiums through the card.

LIC Credit Cards – Exclusive Benefits in detail

• Preferential Reward Points program: For LIC Policy premium payment and International spends, cardholder will get 2 Reward Points for every Rs. 100/- spent. On all other spends (excluding cash withdrawal, fuel, EMI etc.) cardholder will get 1 Reward Point for every Rs. 100/- spent. Accumulated Reward Points can be redeemed against attractive gifts and vouchers from the Rewards Redemption Catalogue.
• Fuel Surcharge Waiver: Holders of Titanium MasterCard, Visa Platinum and Visa Signature card will be entitled to fuel surcharge refund on fuel purchases (with transaction value between Rs. 400 to Rs. 4000) across all fuel stations in India.
• Lost Card Liability: LIC Credit Cardholders will be protected by lost card liability of up to Rs.5 lacs (cover varies depending on product variant).
• Access to Airport lounges: Holders of Titanium MasterCard and Visa Signature Credit Card will be given complimentary access to select airport lounges across domestic and international airports terminals.

About Axis Bank:

Axis Bank was the first of the new private banks in India to have begun operations in 1994, after the Government of India allowed new private banks to be established. The Bank was promoted jointly by the Administrator of the specified undertaking of the Unit Trust of India (UTI – I), Life Insurance Corporation of India (LIC) and General Insurance Corporation of India (GIC) and other four PSU insurance companies, i.e. National Insurance Company Ltd., The New India Assurance Company Ltd.,
The Oriental Insurance Company Ltd. and United India Insurance Company Ltd.

The Bank as on 31st March, 2011 is capitalized to the extent of Rs. 410.54 crores with the public holding (other than promoters and GDRs) at 53.60%.

The Bank’s Registered Office is at Ahmedabad and its Central Office is located at Mumbai. The Bank has a very wide network of more than 1281 branches (including 169 Service Branches/CPCs as on 31st March, 2011). The Bank has a network of over 6270 ATMs (as on 31st March, 2011) providing 24 hrs a day banking convenience to its customers. This is one of the largest ATM networks in the country.
The Bank has strengths in both retail and corporate banking and is committed to adopting the best industry practices internationally in order to achieve excellence. The Bank’s website http://www.axisbank.com offers comprehensive details about its various schemes.

Sam Pitroda, addressing the gathering of investors and social entrepreneurs at Sankalp 2011, Indias largest social enterprise platform, inspired the audience with his views on innovation.
Presently the head of the National Innovation Council, Sam Pitroda spoke of the need to create the right kind of ecosystem with risk capital, appreciation for innovation a dedicated network of people and institutions, digital connectivity, affordability and durability to create an environment for innovation.
He said, “with the help of CII, industry groups and FICCI we have identified 50 sectors for innovation. We aim to connect these sectors with the right university research program. Examples would be pockets such as Surat, Madurai, Rajkot, Bhutala that represent innovation in auto parts, textiles, pharmaceuticals etc would need incubation centres’’
Elaborating further on the Digital Knowledge Network, he remarked that India needs Public Information Infrastructure, roads to connect universities, a digital knowledge network that enables institutions to share information for inclusive growth and development. This will be enabled by two major high fibre optic cables of high capacity and bandwidth. India is a country of 800 billion cell phones, 70 billion dollars of IT exports and yet the connectivity is poor. Small young entrepreneurs from rural areas need local solutions; local talent, connectivity and resources in local languages. So while there is a great deal of innovation in India, one is unable to scale these innovations due to lack of public information infrastructure.
The digital knowledge network, along with UID, procurement systems, payment systems and security and portals, will involve an outlay of nearly 15- 20 bn in the next 5 yrs, as a public-private partnership. This alone can really bring the 300 million people below the poverty line into mainstream .
There is also need for an ‘innovation tool kit’ that will enable SMEs to understand the true meaning of intellectual property. It will include training, patterns, patents and ideas for inclusive growth.
Mr. Pitroda also lamented the fact that out of the 3000 hits on www.nkn.in (national knowledge network), 2000 are from outside of India. The National Knowledge Commission (http://www.knowledgecommission.gov.in/) website is available in 10 different Indian languages. Entrepreneurs and interested parties should reach out to the enabling ecosystem by writing in to these sites.

Mr. Pitrodas address was in line with the Prime Minister’s ‘Decade of Innovation 2010-2020 National Innovation Policy’ to promote innovation in all walks of life. The National Innovation Council has 16 members and Pitroda chairs that council in the rank of a cabinet minister. Earlier, Pitroda was involved with the Knowledge Commission that aimed at reforming education system.

April 27, 2011| Mumbai; Mr. Sam Pitroda, Adviser to the Prime Minister on Public Information Infrastructure and Innovations, and Chairman of the National Innovation Council is scheduled address over 500 social enterprise enthusiasts at the 3rd Annual Sankalp Social Enterprise and Investment Forum (www.sankalpforum.com), scheduled for May 5-6 at Taj Lands End in Mumbai.

One of India’s largest forum’s dedicated to showcasing dynamic businesses, the Sankalp Forum is today synonymous as a platform that has catalyzed flow of capital into enterprises with a social and/or environmental impact. Addressing this large gathering via videoconference at 9.30 AM (IST) on May 5, Mr. Pitroda is expected to shed light on the proposed 1000Cr. National Innovation Fund that will be set up with the intent of fostering innovative businesses capable of promoting inclusive growth in India.

Citing the need for a large scale enabling eco-system for such burgeoning enterprises, Mr. K. Sree Kumar, Chief Executive Officer of Intellecap, organizers of the Sankalp Forum, said “We are grateful to Sam Pitroda for agreeing to deliver the keynote address at Sankalp. Mr. Pitroda’s presence will be a huge morale booster to the hundreds of entrepreneurs that attend Sankalp each year. What is especially encouraging for us has been the fact that today there is a nation-wide recognition of the need for infrastructure that can support the growth of businesses that are built with the intent of not only bringing change but also creating wealth for all stakeholders.’

The Sankalp Forum each year is supported by over 25 partners including – The Rockefeller Foundation, TiE Mumbai, SIDBI Ventures, CIIE-IIM Ahemedbad, Villgro and Headstart Ventures. The forum this year will also witness some of big names like – Ms. RohiniNilekani (Chairperson of Akshara Foundation), Ms. MadhabiPuriBuch (MD & CEO, ICICI Securities), Mr. ShantanuPrakash (Founder, EduComp), Mr. Rashesh Shah (Chairman, Edelweiss Group) and many more in action.

As is tradition, the Forum will showcase 30 highly scalable social business models across these two days. Interestingly, the forum will also be the first to host an Exclusive Social Business Investor-Investee Meet (hosted by Grassroots Business Fund and Intellecap) in the country. Other key interactions include the Deal Corner, Mentoring Pit Stop for Entrepreneurs and one to one interactions with experts.

About Sankalp.
Initiated in 2009, the Sankalp Social Enterprise and Investment Forum 2011 is one of India’s largest platforms dedicated to catalyzing investments into social enterprises globally. Organized by Intellecap, the forum is supported by – The Rockefeller Foundation, Global Impact Investing Network (GIIN), Aavishkaar, SIDBI Ventures, EdelGive Foundation, Villgro, Intellecash-Shell Foundation, CIIE-IIMA, RTBI, NSEF, Idobro, DASRA, Start-up, ISC, L-Pad, Headstart Ventures, TiE Mumbai, Mentor Edge, IndiaCo, KIST, Next Billion, VC Circle and Your Story.
About Intellecap (Organizers)

Intellecap an investment and consulting advisory firm, is a pioneer in providing innovative business solutions that help scale profitable and sustainable enterprises dedicated to social and environmental change. The company’s unique positioning at the intersection of social and commercial business sectors, allows it to attract and nurture intellectual capital that combines business training of the commercial world with passion and commitment of the social world to create distinctive solutions that include best practices and principles of both cultures. For details visit – www.intellecap.com

Zurich, Switzerland, November 17, 2010 – ABB, the global power and automation technology group, announced today that it has made a strategic investment in Pentalum Technologies, an Israel-based company developing advanced wind sensing technology for control and optimization of wind turbines and wind farms.

Pentalum is developing an innovative LIDAR (light detection and ranging) technology that remotely senses the wind vector in front of wind turbines in order to optimally align them to incoming wind flow. Pentalum’s system is also applicable to wind forecasting and site assessment, and is designed to significantly increase wind farm efficiency at a lower cost per site than existing measurement technologies.

The investment was made through ABB Technology Ventures, ABB’s venture capital arm, which invests in early and growth stage companies with technologies of strategic importance to the industry segments the company serves. Other participants in funding for Pentalum included Cedar Fund, which led the round; and Evergreen Venture Partners, both from Israel; and Draper Fischer Jurvetson from the US.

“Cost and complexity issues are hampering the widespread adoption of optimization systems for wind power,” said Girish Nadkarni, head of ABB Technology Ventures. “We have invested in Pentalum because we believe their technical approach will significantly improve profitability for developers and operators of this important renewable energy source.”

“Given ABB’s broad expertise and strong position with wind turbine manufacturers and wind farm developers and operators, they are a very strong partner for Pentalum,” said Sagie Tsadka, President and CEO of Pentalum. “Our wind sensing technology can significantly improve the performance of wind turbines and wind farms, and ABB can be instrumental in helping us deliver this benefit to the marketplace through their extensive customer base.”

ABB provides a wide range of products, integrated solutions and expertise that enable the efficient generation of wind power and its smooth integration into the grid. Customers include turbine manufacturers, engineering contractors, independent power producers and utilities.

ABB (www.abb.com) is a leader in power and automation technologies that enable utility and industry customers to improve their performance while lowering environmental impact. The ABB Group of companies operates in around 100 countries and employs about 117,000 people.

For more information please contact:
ABB India Media Relations:
Sanaj Natarajan
Tel: +80 2294 9195
Sanaj.natarajan@in.abb.com

Rane (Madras) Limited Sales & Operating Income for the quarter ended 30^th September 2010 up by 45% over same quarter last year. The Company registered Sales & Operating Income of Rs.14, 370 lakhs for the current quarter as against Rs.9, 910 lakhs for the same quarter of the previous year.

Financial Highlights for the quarter ended 30^th September 2010:-

· Sales & Operating Income at Rs. 14,370 lakhs.

· EBIDTA at Rs.1, 262 lakhs up by 49% over same quarter last year.

· Profit before Tax at Rs. 916 lakhs up by 88% over same quarter last year.

Also, please find enclosed the press release.

Thanks and Warm Regards,

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Sampark Public Relations Pvt Ltd

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Central Bank, Wipro in Banking solution pact for 5 years

The Central Bank of India and Wipro have announced a five-year total outsourcing agreement to provide technology-driven, core banking solution for seven sponsored regional rural banks (RRB).

India, Sep 1, 2010: Wipro Ltd. said it had signed a 5-year total outsourcing agreement with India’s public sector bank Central Bank of India to provide core banking solution for seven sponsored Regional Rural banks, or RRBs, that includes Uttar Bihar Gramin Bank, the biggest regional rural bank in India with a large presence in Bihar.

One of them is Uttar Bihar Gramin Bank – the biggest RRB in India with a large presence in Bihar. The deal size is estimated to be about Rs 200 crore.

This engagement comes at time when Central Bank of India is looking to achieve its objective of financial inclusion and bring low-cost and efficient banking services to the rural masses.

The “Centralised Core Banking Project” is expected to facilitate efficient internal operations for the seven regional rural banks. It is also expected to provide the competitive edge by enabling regional rural banks to offer innovative products and services at optimum costs.

Exploring alternatives

The Core Banking project would integrate 2,000 sites which include branches, extension counters, satellite offices, regional offices, head offices and back-offices in a phased manner.

Mr S. Sridhar, Chairman and Managing Director, Central Bank of India, said, “The rural customer of the RRB will receive superior customer experience from the RRB, and fast efficient systems will enable alignment with the shared business vision of Central Bank of India and the regional rural banks sponsored by the bank.”

Mr Ramnath Pradeep, Executive Director, Central Bank of India, said, “Our vision is geared towards providing a future-proof strategy to transform the RRBs into institutions with sound financials committed to overall economic development of rural areas in terms of care, competence and compassion towards its customers.”

The software has been provided by Infosys Ltd using Finacle along with other standard products.

Mr Anand Sankaran, Senior Vice-President and Business Head, India, Middle East and Africa, Wipro, said: “We plan to deliver extremely robust, scalable and flexible Centralized Core banking Solution aligned with the corporate mission, strategy and business plan of the Regional Rural Banks.”

Go to Source

ICFAI Universities strongly refute Thomson Financial Mergers and Acquisitions’ Report

Hyderabad, India, 11 August 2010 – Attention of Icfai Universities is drawn to the content of Thomson Financial Mergers and Acquisitions dated 6/8/2010 and also a Detailed Transaction Report (Priced):

We, on behalf of all the ICFAI Universities have to state as under:

Both the Web Pages and Detailed Transaction Report are full of in accuracies because of the following:

1: None of the ICFAI Universities are located at Hyderabad.

2: ICFAI Universities do not run schools at Elementary and Secondary Levels. (DTR Ref)

3: ICFAI Universities conduct only UG, PG and Doctoral programs under faculties of Management, Science & Technology, Law, Education and Humanities.

4: None of the ICFAI Universities have any deal with Everonn and did not even talk/ meet them.

5: ICFAI Universities do not run any separate Junior Colleges/ Technical Institutions.

Therefore, the contents in above two documents are factually incorrect, mischievous, and even possibly published with malafide intentions.

Our Stakeholders and Public in General are hereby informed that each one of the ICFAI University is set up by a designated Act of State Legislature and the respective State Government representatives are in the Board of Management in these Universities.

As per the provisions of each act, all important decisions need to be taken by The Board of Management with involvement of State Government representatives.

In view of the above clarifications, ICFAI Universities hereby refutes the Malafide Contents published in the Websites of Thomson Mergers and Acquisitions.

Authorized Signatory

Dr TRK Rao

Director – Corporate Communications Department

The Icfaian Foundation

#45, Nagarjuna Hills, Punjagutta Hyderabad -82

Ph: 23423142, 23430430, Fax: 23430461

Dalmia Cements (Bharat) Limited (DCBL), has raised private equity capital of up to INR 7,500Mn from KKR Mauritius Cement Investments Ltd (KKRMCIL) in it wholly owned subsidiary Avnija.

Equirus Capital acted as the financial advisor to DCBL for the transaction.

Dalmia Cements (Bharat) Limited (DCBL), one of the largest and fastest growing Cement manufacturer in India, has raised private equity capital of up to INR 7,500Mn from KKR Mauritius Cement Investments Ltd (KKRMCIL) in it wholly owned subsidiary Avnija. The investment will help the company strengthen its balance sheet and further expand its cement manufacturing capacity across India. The transaction is among the largest PE raise in the Indian cement sector.

About the transaction

Dalmia Cement (Bharat) Ltd. (DCBL), and Kohlberg Kravis Roberts & Co. L.P. (together with its affiliates, “KKR”) today announced the signing of a definitive agreement under which KKR has agreed to invest Rs. 7.5 billion in DCBL’s wholly owned unlisted subsidiary Avnija. Post the proposed restructuring, Avnija will hold DCBL’s 9.00MTPA cement manufacturing capacity, DCBL’s 45.4% stake in OCL India Limited (5.35MTPA cement manufacturing capacity) along with the upcoming green field projects of 10.00MTPA across the country. KKR will invest Rs. 5.0 billion in the 1st tranche with Avnija having the option to draw an additional Rs. 2.5 billion from KKR at an appropriate time.

Equirus Capital acted as the financial advisor to DCBL for the transaction.

Dalmia Cement (Bharat) Limited (DCBL) Incorporated in 1935, Dalmia Cement (Bharat) Limited (DCBL) is the flagship company of the Dalmia Group with business interests in Cement, Sugar, Power and Refractories. Company’s plants are located at Dalmiapuram & Ariyalur in Tamil Nadu & Kadapa, in Andhra Pradesh. DCBL has already filled the restructuring scheme to segregate its cement assets into its 100% owned subsidiary Avnija. Post the proposed restructuring all Cement assets of DCBL

will be owned and controlled through its 100% subsidiary Avnija

About KKR Mauritius Cement Investments Ltd

KKR Mauritius Cement Investments Ltd is part of Kohlberg Kravis Roberts & Co. L.P.(KKR) – a leading global alternative asset manager, with $52.2 billion in assets under management as of December 31, 2009. With over 600 people and 14 offices around the world, KKR manages assets through a variety of investment funds and accounts covering multiple asset classes. KKR, has invested ~$1,100 million in private equity investments in India since 2006, which includes investments in Aricent, a global innovation, technology and services company; Bharti Infratel, a telecom infrastructure provider and Coffee Day Resorts, operator of the Café Coffee Day chain of cafes in India.

About Equirus Capital Private Limited

Equirus Capital is an Investment Bank and a Category I Merchant Bank offering advisory services in the areas of Mergers and Acquisition, Private Equity, Merchant Banking and Structured financing (including Real estate and Infrastructure financing). The Equirus team has strong domain knowledge and transaction experience in Engineering / Manufacturing, Education, Technology, Media and Telecom, Financial Services, Retail, Consumer / Business services, Infrastructure, Real Estate and Life Sciences verticals. Equirus commenced Institutional Equities & Research in January 2010 with Bhavin Shah as CEO

Equirus Capital has closed deals over $600 million since its inception in July 2007. Currently, the firm has presence in Mumbai, Bangalore, and Ahmedabad. Please visit www.equirus.com for more information on the team members and on the transactions closed.

Media Contact

Tatva Public Relations Pvt. Ltd.

Level 4,7 Raj Mahal,84 Veer Nariman Road, Churchgate, Mumbai 400 020,Tel:22833850,Mob:9819027649

Making Visual Voicemail Available for Mass-Market Use in Norway Paves Way for Significant Global Growth

New Delhi, India, February 17, 2010 / IndiaPRLine / — Comverse today announced that NetCom, a leading Norwegian mobile operator and part of the TeliaSonera (NASDAQ OMX Stockholm: TLSN) group, will become the first operator to offer visual voicemail service to subscribers with Sony Ericsson handsets.

Comverse Visual Voicemail revolutionizes the voicemail experience with an information-rich inbox for voice messages that lets users click to hear and handle voice messages. Highly intuitive for today’s Internet-nurtured users, the service has already been launched by operators around the globe on more than 50 different handset models. Upon deployment, many operators have reported that the average revenue per user (ARPU) for voicemail services has increased 30 to 50 percent.

As a result of visual voicemail’s surging popularity around the world, Comverse announced last October that it was teaming up with Sony Ericsson to provide visual voicemail on its handsets for residential and business users. With visual voicemail now available on its handsets in Norway, Sony Ericsson is positioned to support the service for millions of users in other countries.

“I am happy to note that NetCom is distinguished as not only a regional leader, but as a global leader,” said NetCom Messaging Services Manager Thorbjørn Rusnes. “Our launch last year of Comverse Visual Voicemail for the iPhone was extremely well received by our iPhone subscribers. The service is in such high demand that we were eager to extend availability to owners of other popular handsets. We are proud to inform our many users that they can now be the first in the world to enjoy visual voicemail on a Sony Ericsson handset.”

Comverse Visual Voicemail is boosting voicemail usage and revenues for more than 40 operators around the world. “An integral aspect of our leadership is our strategic cooperation with leading handset vendors like Sony Ericsson to make the best possible visual voicemail experience available to the broadest number of people,” said Dror Bin, President of Global Sales at Comverse, the world’s leading supplier of software and systems enabling value-added messaging and content services, converged billing and active customer management, and IP communications.

Comverse Visual Voicemail is part of the Comverse HUB Value-Added Services, which spans voice, messaging, mobile Internet and mobile advertising. Comverse HUB is a synergistic framework that enables service providers to maximize their business performance and augment their position in the market.

The new Visual Voicemail for NetCom on Sony Ericsson handsets currently is on display at the Comverse booth, Hall 8 Booth B83, at Mobile World Congress in Barcelona, now through Feb. 18. To schedule a meeting with Comverse, visitors are encouraged to make an online request.

Editor Notes

About NetCom Norway

NetCom is the second largest mobile phone operator in Norway. The company has about 1.2 million subscribers, and the company headquarters are located in Nydalen in Oslo. It is owned by the Swedish and Finnish company TeliaSonera.

About Comverse

Comverse is the world’s leading provider of software and systems enabling value-added services for voice, messaging, mobile Internet and mobile advertising; converged billing and active customer management; and IP communications. Comverse’s extensive customer base spans more than 125 countries and covers over 450 communication service providers serving more than two billion subscribers. The company’s innovative product portfolio enables communication service providers to unleash the value of the network for their customers by making their networks smarter. Comverse’s solutions support flexible deployment models, including in-network, hosted and managed services, and can run on circuit-switched, IP, IMS or converged network environments. Comverse is a subsidiary of Comverse Technology, Inc. (CMVT.PK). For more information, visit www.comverse.com.

All product and company names mentioned herein may be registered trademarks or trademarks of Comverse or the respective referenced company(s). This release contains “forward-looking statements” under the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties. There can be no assurances that any forward-looking statements will be achieved. Important factors that could affect the statements contained herein include: changes in the demand for the company’s products; changes in capital spending among the company’s current and prospective customers; the risks associated with the sale of large, complex, high capacity systems and with new product introductions as well as the uncertainty of customer acceptance of these new or enhanced products from either the company or its competition; and risks associated with rapidly changing technology and the ability of the company to introduce new products on a timely and cost-effective basis. The company undertakes no commitment to update or revise forward-looking statements except as required by law.

CMC to provide vertical specific technical and application expertise to enterprise customers

Bengaluru, Karnataka, February 11, 2010 / IndiaPRLine / — Hitachi Data Systems, a wholly owned subsidiary of Hitachi, Ltd. (NYSE:HIT) and the only provider of Services Oriented Storage Solutions today announced Gold Partnership with CMC Ltd., a leading IT solutions company and a subsidiary of Tata Consultancy Services Limited (TCS Ltd.), one of the world’s leading information technology consulting, services and business process outsourcing organisations. This partnership will help enterprise customers avail vertical specific storage solutions platforms along with delivery of integrated approaches that meet high quality and reliability.

Mr. Vivekanand Venugopal, Vice President & General Manager, India, Hitachi Data Systems said, “This alliance with CMC will help both organizations design, develop and successfully deploy complex storage Infrastructure solutions in the Government and Defense sectors. CMC’s enviable track record, end to end solution capability, extensive domain knowledge and technological competencies provide synergies to leverage HDS Innovative Storage Technologies. These synergies will translate into significant cost and operational savings for our customers”.

Mr. Prabhat Mittra, Global Alliances Head, CMC said, “We are excited to be a Gold Partner and will invest in Hitachi’s certification and training. Their technology coupled with CMC’s strong market presence, system integration skills and high technical competence will help address the customer requirements with specific application and technology based storage solutions”.

Hitachi Data Systems’ ‘Gold Partner’ league is for solution providers with specified product, technologies or solutions. These partners have vertical specific/ platform specific approach to selling storage with key specialization in areas like healthcare, rich media, finance/ banking, government etc.

Under this program, partners have the right to use the Hitachi TrueNorth Channel Partner Program along with access to marketing and sales support, packaged solutions campaigns and lead generation programs. They can also avail Hitachi Data Systems’ Executive Briefing Center for prospect and customer briefings.

Hitachi’s TrueNorth Channel Partner Program has been awarded 2009′s Five-Star Partner Program Guide Certification by Everything Channel, a US based company specializing in accessing, enabling, managing and accelerating technology sales channels. The award acknowledges Hitachi Data System’s’ commitment and strength for its reseller partner programs which include IT integrators, technology solution providers, and consultants.

Recognized as a best-practice, industry-wide, this program offers rich incentives, tools, and resources and has been instrumental in increasing partner profitability and driving Hitachi Data Systems revenue since its launch in 2004.

Editor Notes

About CMC Ltd.

CMC Limited is a leading IT solutions company and a subsidiary of Tata Consultancy Services Limited (TCS Ltd.), one of the world’s leading information technology consulting, services and business process outsourcing organisations. We are a part of the Tata group, India’s best-known business conglomerate. With 18 offices, 150 service locations, 520 non-resident locations and over 3,600 employees worldwide, we provide a wide spectrum of unique Information Technology solutions and services to a clientele of premier organisations in the government and private sectors. For more information, visit, http://www.cmcltd.com/

About Hitachi Data Systems

Hitachi Data Systems Corporation provides Services Oriented Storage Solutions that enable heterogeneous storage to be dynamically provisioned according to business needs and centrally managed via industry leading Hitachi storage virtualization software. With more than 4,100 employees, and as an integral part of the Hitachi Storage Solutions Group, Hitachi Data Systems delivers storage infrastructure platforms, storage management software, and storage consulting services through direct and indirect channels in more than 170 countries and regions. Its customers include nearly 60 percent of the top 100 companies on the Fortune 500®. For more information, visit the company’s website at http://www.hds.com.

About Hitachi, Ltd.

Hitachi, Ltd., (NYSE: HIT/TSE: 6501), headquartered in Tokyo, Japan, is a leading global electronics company with approximately 400,000 employees worldwide. Fiscal 2008 (ended March 31, 2009) consolidated revenues totaled 10,000 billion yen ($102.0 billion). The company offers a wide range of systems, products and services in market sectors including information systems, electronic devices, power and industrial systems, consumer products, materials, logistics and financial services. For more information on Hitachi, please visit the company’s website at http://www.hitachi.com.

© 2010, Hitachi is a registered trademark of Hitachi, Ltd. and/or its affiliates in the United States and other countries. Hitachi Data Systems is a registered trademark and service mark of Hitachi, Ltd. in the United States and other countries.

Indiabulls forays in Car Loan Business
The intention is to offer unique value proposition and tailor made to its customer requirements by leveraging their extensive distribution network and geographical present PAN INDIA.

Mumbai, Maharashtra, February 10, 2010 / IndiaPRLine / — Indiabulls Financial Services – a group company of the Indiabulls Group – one of the Top Corporate houses with businesses spread over Real Estate, Infrastructure, Financial Services, Securities, Retail, Multiplex and Power sectors.

Realize the dreams now, with Indiabulls Financial Services launching the Car Loans with diversified product variants catering to diversified segment of the customers.

Indiabulls forays in Car Loans business. The intention is to offer unique value proposition and tailor made to its customer requirements by leveraging their extensive distribution network and geographical present PAN INDIA.

Under this car loan product financial solutions would be offered to end customers as well car dealers by way of financing their inventories.

The launch of this product also consolidates and reaffirms their strategy of expanding in the retail finance space and also making the risk granular.

The Main Features of the Indiabulls Auto loans are:

• Simple and Hassle – Free Documentation
• Tailor made Repayment Plans
• Speedy Approvals & disbursals
• Tenure Ranging from 12 ~ 60 Months

Editor Notes

About Indiabulls Group:

Indiabulls Group is one of India’s top Business houses with businesses spread over Real Estate, Infrastructure, Financial Services, Securities, Retail, Multiplex and Power sectors. The group companies are listed on important Indian and Overseas markets. Indiabulls has been conferred the status of a “Business Superbrand” by The Brand Council, Superbrands India.

Indiabulls Securities Limited is India’s leading capital markets company with All-India Presence and an extensive client base. Indiabulls Securities possesses state of the art trading platform, best broking practices and is the pioneer in trading product innovations. Power Indiabulls, in-house trading platform, is one of the fastest and most efficient trading platforms in the country. Indiabulls Securities Limited is the first and only brokerage house to be assigned the highest rating BQ – 1 by CRISIL.

CtrlS, India’s only Datacenter with the capability to provide 99.995% uptime SLA, the highest in the datacenter industry, today announced that it has successfully raised Rs. 2.5 billion from a consortium of Indian Banks. P Sridhar Reddy, CMD CtrlS said,” We have been experiencing exponential growth over the last 1 year and hence building additional capacities to sustain this growth. Our new datacenters will be one of the finest in the world”.

Hyderabad, Andhra Pradesh, January 27, 2010 / IndiaPRLine / — CtrlS, India’s only Datacenter with the capability to provide 99.995% uptime SLA, the highest in the datacenter industry, today announced that it has successfully raised Rs. 2.5 billion from a consortium of Indian Banks.

P Sridhar Reddy, CMD CtrlS said,” We have been experiencing exponential growth over the last 1 year and hence building additional capacities to sustain this growth. Our new datacenters will be one of the finest in the world”.

“We are delighted to have achieved financial closure for Rs. 2.5 Billion in a challenging financial market. These funds will be used by CtrlS for building new state of the art Tier IV datacenters in Mumbai, Delhi and other major cities”, said Mr. Prabhakar Reddy, CFO, CtrlS.

CtrlS received funding from Allahabad Bank, Indian Overseas Bank, Oriental Bank of Commerce, Andhra Bank, Bank of Baroda, Corporation Bank, Dena Bank, Tamilnad Mercantile Bank and State Bank of Hyderabad. In addition to this the promoters had already raised Rs. 250 Crore of equity capital previously.

In the recently held consortium meeting for joint documentation, the bankers said, “CtrlS has a very strong value proposition coupled with a sound business model. This gave us the confidence to fund their national expansion. We are confident that they would be building world class datacenters for their customers. ”

Editor Notes

About CtrlS

A telecommunications giant in the USA. The world’s largest IT service provider. A manufacturing conglomerate from the middle-east. India’s biggest bank. A young hosting company with big plans. CtrlS provides them all with a safe, reliable datacenter platform.

Total protection, the highest uptime in the industry and significant savings are just some of the ways we impact their bottom line. Our corporate philosophy of Complete Ownership, fault-proof infrastructure and Six Zone SecurityTM make up the CtrlS promise.

With over 20,000 racks planned across India, CtrlS is India’s first Tier IV Datacenter and the preferred choice of corporate houses both large and small.

We at CtrlS have invested a lot of time and effort in creating a fault tolerant datacenter which can guarantee an uptime of 99.995%, the highest in datacenter industry.

For more information, visit us at www.ctrls.in

Bangalore, India, October 22, 2009 /IndiaPRLine.com/ Delhi International Airport (P) Limited (DIAL) and IT major Wipro, today announced a 10 year total outsourcing agreement to provide world class IT Infrastructure and Services for Indira Gandhi International Airport (IGIA), New Delhi.

This partnership assumes significance as IGI airport’s new integrated terminal (T3) will be the gateway for the Commonwealth Games scheduled to be held in New Delhi. Terminal 3 at IGIA will be one of the largest airport terminals in the world.

Information Technology is a key driver for critical airport operations including Flight management, terminal management, ground handling and property management. The total outsourcing engagement will deliver business IT alignment for DIAL by combining leading airport solutions with Wipro’s strong practices of governance, process excellence and integrated service delivery. Wipro is responsible for complete IT management in T3 for 10 years and will deliver seamless and highly available Airport IT operations. The scope includes airport specific applications, data centre, networks, security and surveillance systems and end user systems. Additionally Wipro will be responsible for managing a host of intelligent systems including building management systems, access control, public address, and telephony. For passengers, this engagement will deliver superior customer experience and for airlines, it will deliver fast efficient systems which enable quicker turnaround times.

The parties signed an agreement to form a joint venture which would be named Wipro Airport IT Services Limited. Wipro would hold 74% in the JV and DIAL will hold 26% stake. The agreement was signed by Mr. PS Nair, CEO, DIAL and Mr. Anand Sankaran, Senior Vice-President and Business Head, India and Middle East, Wipro. The JV would be the innovation partner for DIAL and will focus on emerging business models and technologies for airports. It will also build competencies in airport specific applications. Also present on the occasion were Mr. Kiran Kumar Grandhi, Chairman Airports, GMR Group, and Mr. Suresh Vaswani, Jt.CEO & member of the Board, Wipro Ltd.

“Our vision is to make the IGI Airport a Global showcase and IT will be a significant Business Driver. We are delighted to have a strong partner like Wipro with proven capabilities in delivering superior business value as our partner in realizing that vision for us” said Mr. Kiran Kumar Grandhi, Chairman Airports, GMR Group. Speaking on the occasion Mr.Suresh Vaswani, Jt.CEO & member of the board, Wipro said “Airports and aviation industry in India require a massive infusion of IT and this unique partnership will create new industry standards in modern airport management based on world class IT and business processes powered by innovation”

Speaking on the occasion, Mr PS Nair, CEO, DIAL said “Our vision is geared towards providing a future-proof strategy to become one of the top airport operators globally. Wipro’s proven expertise in managing large IT enabled environments coupled with a vibrant innovation culture will be the core driver of this joint venture.”

Mr Anand Sankaran, Senior Vice President and Business Head-India & Middle East, Wipro, said:” We are honored to be part of this prestigious project. We plan to deploy IT systems and services that are extremely robust, scalable and flexible, and in keeping with global best practices in airport management. Our aim is to enable transformation of airport operations to bring in enhanced efficiency and customer satisfaction.”

This partnership was decided as an outcome of a global competitive bidding process which attracted several global and Indian IT majors. In a keenly contested deal Wipro emerged as the preferred partner for the outsourcing deal spanning 10 years.

About DIAL:
Delhi International Airport (P) Ltd (DIAL) is a joint venture company; comprising the Bangalore headquartered global Infrastructure major GMR Group with a significant pan-India and International presence, Airports Authority of India, Fraport and Malaysian Airports. DIAL is working towards the modernization and restructuring of the Delhi Airport. The project being developed by DIAL under Public Private Partnership has been given the mandate to finance, design, build, operate and maintain the Delhi Airport for 30 years with an option to extend it by another 30 years.

About GMR Group:
GMR Group is a Bangalore headquartered global infrastructure major with interests in Airports, Energy, Highways and Urban Infrastructure. The Company has successfully employed the public-private partnership model to build a portfolio of high quality assets. The Company has ten power projects of which three are operational and seven are under various stages of implementation and eight road projects, of which six are operational and two are under construction. In the Airports sector, it has developed and commissioned the Greenfield International Airport at Hyderabad. The Group, besides operating and modernising the existing Delhi International Airport, is also building a brand new integrated terminal T3 which will be commissioned in time for the Commonwealth games in 2010. It is also upgrading the Istanbul Sabiha Gökçen International Airport. The Group has also ventured into Sports and through its subsidiary, the GMR Sports, owns the IPL promoted Delhi’s T-20 cricket team – the Delhi Daredevils. Through this venture it seeks to promote and nurture sporting talent at the grassroots thus creating good will for the GMR brand in Delhi and its catchment areas. The Group has also acquired a 50 percent stake in the global power generation company InterGen NV, marking its foray into the global energy sector. The Group’s South East Asia regional headquarters was officially opened on April 1, 2009, in Singapore. The Group is also committed to social development initiatives and executes these through its Corporate Social Responsibility arm, the GMR Varalakshmi Foundation (GMRVF).

About Wipro Infotech:
Wipro Infotech, a division of the US$5 billion Wipro Limited, provides enterprise customers with high value Information Technology Products, Software Services, Solutions and Consulting Services in India and the Middle East. Headquartered at Bangalore, Wipro Infotech serves customers in India through a network of 22 offices and 170 service locations across the country. It also has regional offices across the Middle East serving the region.

About Wipro:
Wipro Limited provides comprehensive IT solutions and services, including systems integration, information systems outsourcing, IT enabled services, package implementation, software application development and maintenance, and research and development services to corporations globally. Wipro Limited is the first PCMM Level 5 and SEI CMM Level 5 certified IT Services Company globally. In the Indian market, Wipro is a leader in providing IT solutions and services for the corporate segment in India offering system integration, network integration, software solutions and IT services. In the Asia Pacific and Middle East markets, Wipro provides IT solutions and services for global corporations. Wipro also has profitable presence in niche market segments of consumer products and lighting. Wipro’s ADSs are listed on the New York Stock Exchange, and its equity shares are listed in India on the Stock Exchange – Mumbai, and the National Stock Exchange.

For more information, please visit our websites at
www.wipro.com
www.wiprocorporate.com
www.wipro.in

For further details, please contact:

Arun Bhagat
Group Head – Corporate Communications
GMR Group Tel: +91- 9902097470

Wipro Infotech

Agency Contact:
Purnima Burman
K2 Communications Pvt Ltd
Mobile: +91-9900512025
Email: purnima.burman@wipro.com

Wipro Contact:
Sandhya Shama Rao
Mobile: +91-9741100879
Email: sandhya.shama@wipro.com
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With the addition of user-generated ratings for various airline qualitative factors, iXiGO.com has become the first travel site in India to offer more than just airfare and schedule information in order to help Indian air passengers make more qualified decisions when choosing one airline over another. The qualitative user-rated factors integrated into iXiGO.com’s airline filters include seat comfort, seat pitch, punctuality, attitude of the crew, cleanliness of the plane, condition of the luggage upon arrival and overall quality of aircrafts.

Commenting on the partnership, Aloke Bajpai, Founder & CEO, iXiGO.com said, “Travelers seek advice from other travelers before booking hotels. We don’t see why it should be any different for flights. For the same reason, Low Cost Carriers (LCCs) are now investing in improvement of quality of service factors for building differentiation.” Rajnish Kumar, Co-Founder & CTO added – “Our user analytics shows that passengers do not make choices solely driven by price, specially for international travel. Factors like on-time performance, comfort, seat-spacing, level of service and cleanliness vary from one airline to the other, influencing the choice of airline, specially on competitive routes where fares are similar across carriers.”

Air Valid has aggregated over 114,000 certified airline reviews from passengers of 261 airlines across 13,000 routes around the world and has launched a dedicated website for the Indian market www.air-valid.in a few months ago, with its flight searches being powered by iXiGO.com. Arnaud Bilquez, Founder-CEO, Air Valid said – “Air Valid’s user-generated airline opinions/ratings and iXiGO.com’s market-leading airfare search engine are perfect partners for providing neutral, unbiased information to travelers for making more informed choices while searching and booking their flights.”

iXiGO.com, the leading travel search engine in South Asia, has been a pioneer of several innovations in the Indian online travel industry including air fare outlook graphs, airfare RSS feeds, mobile search, complex airfare search on multiple airlines over multiple hops, integration of regional/international low cost carriers, travel search widgets etc. iXiGO.com was named a top-100 technology innovator by India’s National Association of Software & Services Companies (NASSCOM) in 2008.

About Air Valid:

Air Valid® gathers and publishes online information on 1220 airlines, 114,300 certified traveler opinions and 47,000 flight numbers from 261 airlines for travelers and travel agencies since January 2007. Air Valid® also offers services to travelers such as “Seat Pitch” comparison guide for 156 airlines in economic class and many other travel widgets for the travel industry.

Air Valid® is now present on air-valid.com for the French market plus air-valid.co.uk, air-vaid.es, air-valid.de, air-valid.in, airvalidchina.cn and air-valid.us. In July 2009, Air Valid has launched eezeer.com, the 1st social network dedicated to travelers who can now tweet, post comments, photos and reviews directly from their mobiles or iPhone to the community with a dedicated application on Android called EezeeRATOR®.

For more information about Air Valid, visit www.air-valid.in

About iXiGO.com:

iXiGO.com is India’s leading online & mobile travel search engine based out of Gurgaon. iXiGO.com searches across multiple airlines, hotels, trains and bus booking sites to find the best travel deals. Launched in June 2007 by IIT, INSEAD and Amadeus alumni Aloke Bajpai, Rajnish Kumar and Dharmendra Yashovardhan, iXiGO.com has been recognized by NASSCOM as India’s Top-100 Innovator. BusinessToday and Wall Street Journal/Mint have named it among India’s 10 hottest startups in 2008 for its unique market approach, product usability, and passionate management team.

iXiGO is backed by BAF Spectrum, a Singapore-based seed-investment fund. For more information about iXiGO, visit www.ixigo.com or m.ixigo.com (mobile).

For press backgrounder on iXiGO click here

Media contact details

Dharmendra Yashovardhan,
iXiGO,
+91 (124) 4045281,
dharmendra@ixigo.com

Delta Air Lines is the world’s largest airline, flying to 368 destinations in 66 countries and serving more than 170 million passengers each year.

JetPrivilege members may now earn and redeem JPMiles on all flights marketed and operated by Delta Airlines, with immediate effect. Similarly, Delta Airlines’ SkyMiles members may now earn and redeem their miles on all flights marketed and operated by Jet Airways.

Platinum and Smart Miles Titanium credit card holders of ABN AMRO Bank, a leading multinational bank in India can now convert their Platinum Miles and Smart Miles to JPMiles by simply making a call to the ABN AMRO Phone Banking. One Platinum/Smart Mile can be converted to one JPMile in multiples of 1000.

Punjab National Bank Global Credit Card holders may now covert their card reward points into JPMiles, with 2 card reward points equaling 1 JPMile.

Standard Chartered Credit Card holders may also convert their reward points on the Platinum, Gold, Executive and Classic credit cards into JPMiles. While Standard Chartered Platinum Elite, Platinum Rewards and Manhattan Platinum members may earn 100 JPMiles for every 120 reward points, Gold, Gold Rewards and other card members may earn 100 JPMiles for every 170 reward points.

According to Sudheer Raghavan, Chief Commercial Officer, Jet Airways, “The addition of our new partners stands testimony to our commitment to bring extensive value to our Jet Privilege members, in some of the more significant areas of their lives. We are indeed proud of our new partnerships.”

Jet Airways

Jet Airways currently operates a fleet of 84 aircraft, which includes 10 Boeing 777-300 ER aircraft, 12 Airbus A330-200 aircraft, 48 next generation Boeing 737-700/800/900 aircraft and 14 modern ATR 72-500 turboprop aircraft. With an average fleet age of 4.60 years, the airline has one of the youngest aircraft fleet in the world.

Flights to 63 destinations span the length and breadth of India and beyond, including New York (both JFK and Newark), Toronto, Brussels, London (Heathrow), Hong Kong, Singapore, Kuala Lumpur, Colombo, Bangkok, Kathmandu, Dhaka, Kuwait, Bahrain, Muscat, Doha, Abu Dhabi, Dubai, Jeddah, Sharjah and Riyadh.

Jet Airways and its no-frills Economy Class service Jet Airways Konnect together operate over 365 flights daily.

About Jet Airways Konnect
Jet Airways Konnect is Jet Airways’ no-frills Economy Class service on key domestic routes, designed to meet the needs of the low fare segment.
Jet Airways Konnect links five major metros- Mumbai, Delhi, Chennai, Bengaluru and Kolkata – with several destinations across India.
Jet Airways Konnect currently operates over 130 flights daily.
About JetLite
JetLite is a wholly owned subsidiary of Jet Airways India Ltd. and was acquired by Jet Airways in April 2007. Positioned as an all-economy airline, JetLite promises to offer value for money fares. JetLite currently operates a fleet of 23 aircraft, which includes 16 Boeing 737 series and 7 Canadian Regional Jets 200 Series. The airline flies to 28 domestic destinations and 2 international destinations (Kathmandu and Colombo), currently operating 115 flights a day, on average.

Jet Airways, with the acquisition of JetLite, and along with its Economy Class Jet Airways Konnect service, today has a combined fleet strength of 107 aircraft and operates over 449 flights daily.