Press release from Business Wire India
Source: HCL Infosystems Ltd
Monday, August 02, 2010 05:38 PM IST (12:08 PM GMT)
Editors: General: Consumer interest, Economy, Politics, Social issues; Business: Business services, Information technology; Technology
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HCL Infosystems Led Consortium Bags Country's Largest PDS Order from Madhya Pradesh Government
New Delhi, Delhi, India, Monday, August 02, 2010 -- (Business Wire India) --
. MP government leapfrogs to become India's first state set to deploy food coupon based PDS system to empower the poor
. Largest TPDS to be deployed on the UIDAI guidelines
. To be one of the Largest 'Aadhar' (UID project) roll out in the country with 50million (approx.) UID numbers generated
. Over 15million families in MP to benefit from the deployment
HCL Infosystems India's premier hardware, services and ICT systems integration and distribution company today announced the awarding of the contract from the Government of Madhya Pradesh for the implementing of India's largest food-coupon based Targeted Public Distribution Systems (TPDS) in the state. HCL Infosystems led consortium bagged this order which would involve setting up an efficient model of food & civil supplies distribution in the state based on the UIDAI guidelines, for over 10million expected transactions per month at Rs. 10.98 (per transaction per family) spread over 78 months. While the BPL & AAY families (10 million approx.) would get access to the scheme for free, the APL families (8milliion approx.) will be paying a one-time subsidised registration fee of Rs. 250 only. The deployment would not only make use of technology to increase efficiency and transparency in the current system with food coupons distributed to the BPL, AAY and APL families but also generate 50million (approx.) UID numbers after all the verification and de-duplication process. These food coupons will capture all biometric, tax, demographic and personal information details, enabling authorities to ensure proper distribution of food rationing and other benefits. HCL Infosystems led consortium with its expertise was found best suited to deploy this unique solution, after extensive scrutiny, solution demonstration and evaluation by various committees and other state agencies.
Speaking on the occasion Mr. J.V Ramamurthy, President & COO, HCL Infosystems said "It gives me immense pleasure to see HCL Infosystems led consortium given this opportunity to lead the way with India's first state wide deployment for a technology led PDS solution. Technology today has an intrinsic role to play in people's life and it is encouraging to see the authorities enabling this change. We really appreciate the vision of the Government of Madhya Pradesh to become the first state in India to allow technology intervention in revolutionizing the PDS which is fraught with issues around efficiency and transparency. Public Distribution System is vital for sustained life of the people living below poverty line and this project is a step in the right direction to make the Public Distribution System more robust and effective, empowering the underprivileged with systems that are truly people centric"
The foundation of TPDS has been laid to effectively deal with issues like bogus/duplicate ration cards, food leakage/manipulation timely informing authorities of any irregularities. The food coupon based system will ensure the power is in the hand of the consumer who will be able track and monitor food grains and other supplies rightfully assigned to him. This watertight process will help eliminate misuse of subsidy and any irregularities through analysing accurate allocation that is linked to actual utilisation and also improve efficiency of the supply chain through timely reporting of stock lifting at FPS (Fare Price Shops) and Godowns.
The project to cover the entire state (50 districts and over 20,000+ Fair Price Shops) will be implemented in four phases over the period of 16-18months. HCL Infosystems led consortium would include Accor Services Pvt. Ltd (EDENRED) and Virgo Softech Ltd that has already started work in this time bound state development critical project which would also generate employment for over 3000 people.
HCL Infosystems has been rapidly undergoing a transformation to become a leading System Integration company in the country, uniquely poised to take on projects that need customised solutions. The company had earlier deployed India's first Smart Card based PDS system in Chandigarh now with this selection in Madhya Pradesh as a preferred partner clearly makes it the only company in the country with experience and expertise in the field to take on citizen centric programs like Aadhar and PDS.
About HCL Infosystems
HCL Infosystems Ltd, with revenue (LTM) of US $ 2.5 billion (Rs. 12,233 crores) is India's premier hardware, services and ICT systems integration company offering a wide spectrum of ICT products that includes Computing, Storage, Networking, Security, Telecom, Imaging and Retail. HCL is a one-stop-shop for all the ICT requirements of an organization. India's leading System Integration and Infrastructure Management Services Organization, HCL has specialized expertise across verticals including Telecom, BFSI, eGovernance & Power. HCL has India's largest distribution and retail network, taking to market a range of Digital Lifestyle products in partnership with leading global ICT brands, including Apple, Cisco, Ericsson, Kingston, Kodak, Konica Minolta, Microsoft, Nokia, and many more. HCL today has India's largest vertically integrated computer manufacturing facility with over three decades of electronic manufacturing experience & HCL desktops is the largest selling brand into the enterprise space. With India's largest ICT services network that reaches to every corner of India, HCL's award winning Support Services makes it the preferred choice of enterprise and consumers alike. HCL Infosystems has a 100% subsidiary that addresses the physical security technology system integration market. The subsidiary leverages technology to build a security framework called 'Safe State' that safe guard's life, infrastructure & society. For more information please visit us at www.hclinfosystems.in.
CONTACT DETAILS
Ashutosh Bhattacharya, HCL Infosystems Ltd, + 91 98119 20415, ashutosh.bhattacharya@hcl.in
Shaila Srivastava, VaishnaviCorporate Communication, + 919717293602, shaila.srivastava@vccpl.com
Manpreet Singh, VaishnaviCorporate Communication, +919810286337, Manpreet.singh@vccpl.com
KEYWORDS
CONSUMER, ECONOMY, POLITICS, SOCIAL, BUSINESS SERVICES, TECHNOLOGY, 500179.BO, HCL-INSYS.NS
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Monday, August 2, 2010
BWI: BGS Global Hospitals Successfully Performs hip Replacement and Cardiac Surgery on Patient with Rare Disease
Press release from Business Wire India
Source: BGS Global Hospitals
Monday, August 02, 2010 05:30 PM IST (12:00 PM GMT)
Editors: General: Consumer interest; Business: Advertising, PR & marketing, Business services, Healthcare, biotechnology & pharmaceutical; Healthcare
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BGS Global Hospitals Successfully Performs hip Replacement and Cardiac Surgery on Patient with Rare Disease
Bangalore, Karnataka, India, Monday, August 02, 2010 -- (Business Wire India) -- --Alkaptonuria is a rare genetic metabolic disorder with global incidence of 1 in 2,50,000
--Unique surgical challenges overcome with expert team and innovative implant
--Patient starts walking on second day post-surgery
BGS Global Hospitals, Bangalore, a 500-bedded super-specialty tertiary care center, successfully performed hip replacement surgery and coronary artery bypass graft surgery [CABG] on a patient with a rare genetic disorder called Alkaptonuria or Black Urine Disease.
Case symptoms
A male patient aged 57 years came to BGS Global Hospitals as he was unable to walk, was suffering from pain in the left leg for 3 to 4 years and complained of pain in the lower back. The movements of the back were restricted with very limited forward, backward and lateral bending. He was known to have diabetes with high blood pressure.
Initial Findings
Radiological examination revealed that he had a rare genetic disorder called Alkaptonuria. There was complete destruction of cartilages and bones of the left hip joint. There was marked narrowing of disc space and calcium deposits in the spinal column between all vertebrae.
Dr. G. Mallinath, Orthopaedic and Joint Replacement Surgeon, BGS Global Hospitals said, "We decided to perform a hip replacement surgery for the left hip joint to mobilize him."
Disease characteristics
Alkaptonuria (black urine disease) is a rare inherited genetic metabolic disorder. A person with alkaptonuria is unable to process the amino acids, phenylalanine and tyrosine. As a result, a toxic tyrosine byproduct called homogentisic acid or alkapton accumulates in the blood and is excreted in urine in large amounts. As large quantities are deposited in the connective tissues in the body they turn black.
Urine on exposure to light also turns black. Another distinctive characteristic is that ear wax exposed to air turns red or black after several hours. This patient had pigmentation in all parts of the body like the earlobe, palms, face, gums, cornea of the eye, etc.
Surgical challenges - Cardiac and hip replacement
Dr. Bharat Dubey, Consultant Cardiothoracic surgeon, BGS Global Hospitals stated, "Routine preoperative investigations revealed that he had an abnormal ECG and TMT, and an angiogram confirmed that he had three blocks in the heart vessels and a coronary artery bypass graft surgery had to be performed on priority. Because of his rare disease the blood vessels turned black on exposure to light in the operating theatre making it difficult to distinguish between a blocked artery and a healthy one. He recovered well after the successful surgery. "
Dr. G. Mallinath said, "On recovery from the cardiac surgery, a total hip replacement surgery was performed on the patient after a month. Cartilages in the hip joint were black and this posed a challenge in differentiating between healthy and necrotic tissues during the surgery. A new kind of implant, Oxinium hip implant comprising of ceramic and metal alloy was used for better durability. The patient started walking on the second day itself, he is back on his feet and resumed work recently. Medical expertise available at BGS Global Hospitals made it possible for successfully performing this surgery."
Incidence and symptoms of Alkaptonuria
Dr. N. K. Venkataramana, Vice-Chairman, BGS Global Hospitals said, "Alkaptonuria is an autosomal recessive condition. It arises in people who have inherited two mutant genes (abnormal HGD genes) one from each parent. The worldwide incidence of alkaptonuria is 1 in 2,50,000. In Slovakia the disease occurs in 1:19,000 people and it is also reported frequently in the Dominican Republic. There are fewer cases reported in India."
"The most affected organs because of this disease are the kidneys, heart and joints. Main symptoms which appear at a relatively young age include joint pain & back pain (because of cartilage damage), decreased range of motion of joints, arthritis, coronary artery disease, valvular heart disease, stones formation in kidneys and prostate (in men). No treatment for alkaptonuria is known however taking vitamin C supplements and a diet that is low in protein helps to some extent."
More information:
Other visible signs of the disease are pigmentation in nails and knuckles, darkened skin on sun exposed areas and around sweat glands, brown colored sweat, etc.
"Our strength lies in offering world-class services at an affordable price supported by state-of-the-art-infrastructure and latest diagnostic equipments. This has attracted patients for high-end complex surgeries including joint replacements from India and abroad," according to Tanjai Kapoor, Senior Vice President Marketing, BGS Global Hospitals.
About BGS Global Hospitals
The hospital is a 500 bedded tertiary care super specialty hospital with state-of-the-art infrastructure, 14 well equipped Operation Theatres, 120 bedded Intensive Care Units and Level 1 Trauma Centre.
Address: 67, Uttarahalli Main Road, Kengeri, Bangalore 560060, India.
URL: www.globalhospitalsindia.com.
Ph: +91.80.2625.5555
To view the photograph, please click on the link given below:
bgs global hospitals femoral head removed during hip replacement surgery
For picture(s)/data to illustrate this release click below:
http://www.BusinessWireIndia.com/attachments/Pic_1(325).JPG
Pic_1(325).JPG
CONTACT DETAILS
Sandhya Prasad AGM-Corporate Communications, BGS Global Hospitals, +91 9886656787, sandhya.global@gmail.com
KEYWORDS
CONSUMER, MARKETING, BUSINESS SERVICES, HEALTHCARE, HEALTHCARE
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Source: BGS Global Hospitals
Monday, August 02, 2010 05:30 PM IST (12:00 PM GMT)
Editors: General: Consumer interest; Business: Advertising, PR & marketing, Business services, Healthcare, biotechnology & pharmaceutical; Healthcare
--------------------------------------------------
BGS Global Hospitals Successfully Performs hip Replacement and Cardiac Surgery on Patient with Rare Disease
Bangalore, Karnataka, India, Monday, August 02, 2010 -- (Business Wire India) -- --Alkaptonuria is a rare genetic metabolic disorder with global incidence of 1 in 2,50,000
--Unique surgical challenges overcome with expert team and innovative implant
--Patient starts walking on second day post-surgery
BGS Global Hospitals, Bangalore, a 500-bedded super-specialty tertiary care center, successfully performed hip replacement surgery and coronary artery bypass graft surgery [CABG] on a patient with a rare genetic disorder called Alkaptonuria or Black Urine Disease.
Case symptoms
A male patient aged 57 years came to BGS Global Hospitals as he was unable to walk, was suffering from pain in the left leg for 3 to 4 years and complained of pain in the lower back. The movements of the back were restricted with very limited forward, backward and lateral bending. He was known to have diabetes with high blood pressure.
Initial Findings
Radiological examination revealed that he had a rare genetic disorder called Alkaptonuria. There was complete destruction of cartilages and bones of the left hip joint. There was marked narrowing of disc space and calcium deposits in the spinal column between all vertebrae.
Dr. G. Mallinath, Orthopaedic and Joint Replacement Surgeon, BGS Global Hospitals said, "We decided to perform a hip replacement surgery for the left hip joint to mobilize him."
Disease characteristics
Alkaptonuria (black urine disease) is a rare inherited genetic metabolic disorder. A person with alkaptonuria is unable to process the amino acids, phenylalanine and tyrosine. As a result, a toxic tyrosine byproduct called homogentisic acid or alkapton accumulates in the blood and is excreted in urine in large amounts. As large quantities are deposited in the connective tissues in the body they turn black.
Urine on exposure to light also turns black. Another distinctive characteristic is that ear wax exposed to air turns red or black after several hours. This patient had pigmentation in all parts of the body like the earlobe, palms, face, gums, cornea of the eye, etc.
Surgical challenges - Cardiac and hip replacement
Dr. Bharat Dubey, Consultant Cardiothoracic surgeon, BGS Global Hospitals stated, "Routine preoperative investigations revealed that he had an abnormal ECG and TMT, and an angiogram confirmed that he had three blocks in the heart vessels and a coronary artery bypass graft surgery had to be performed on priority. Because of his rare disease the blood vessels turned black on exposure to light in the operating theatre making it difficult to distinguish between a blocked artery and a healthy one. He recovered well after the successful surgery. "
Dr. G. Mallinath said, "On recovery from the cardiac surgery, a total hip replacement surgery was performed on the patient after a month. Cartilages in the hip joint were black and this posed a challenge in differentiating between healthy and necrotic tissues during the surgery. A new kind of implant, Oxinium hip implant comprising of ceramic and metal alloy was used for better durability. The patient started walking on the second day itself, he is back on his feet and resumed work recently. Medical expertise available at BGS Global Hospitals made it possible for successfully performing this surgery."
Incidence and symptoms of Alkaptonuria
Dr. N. K. Venkataramana, Vice-Chairman, BGS Global Hospitals said, "Alkaptonuria is an autosomal recessive condition. It arises in people who have inherited two mutant genes (abnormal HGD genes) one from each parent. The worldwide incidence of alkaptonuria is 1 in 2,50,000. In Slovakia the disease occurs in 1:19,000 people and it is also reported frequently in the Dominican Republic. There are fewer cases reported in India."
"The most affected organs because of this disease are the kidneys, heart and joints. Main symptoms which appear at a relatively young age include joint pain & back pain (because of cartilage damage), decreased range of motion of joints, arthritis, coronary artery disease, valvular heart disease, stones formation in kidneys and prostate (in men). No treatment for alkaptonuria is known however taking vitamin C supplements and a diet that is low in protein helps to some extent."
More information:
Other visible signs of the disease are pigmentation in nails and knuckles, darkened skin on sun exposed areas and around sweat glands, brown colored sweat, etc.
"Our strength lies in offering world-class services at an affordable price supported by state-of-the-art-infrastructure and latest diagnostic equipments. This has attracted patients for high-end complex surgeries including joint replacements from India and abroad," according to Tanjai Kapoor, Senior Vice President Marketing, BGS Global Hospitals.
About BGS Global Hospitals
The hospital is a 500 bedded tertiary care super specialty hospital with state-of-the-art infrastructure, 14 well equipped Operation Theatres, 120 bedded Intensive Care Units and Level 1 Trauma Centre.
Address: 67, Uttarahalli Main Road, Kengeri, Bangalore 560060, India.
URL: www.globalhospitalsindia.com.
Ph: +91.80.2625.5555
To view the photograph, please click on the link given below:
bgs global hospitals femoral head removed during hip replacement surgery
For picture(s)/data to illustrate this release click below:
http://www.BusinessWireIndia.com/attachments/Pic_1(325).JPG
Pic_1(325).JPG
CONTACT DETAILS
Sandhya Prasad AGM-Corporate Communications, BGS Global Hospitals, +91 9886656787, sandhya.global@gmail.com
KEYWORDS
CONSUMER, MARKETING, BUSINESS SERVICES, HEALTHCARE, HEALTHCARE
If you wish to change your Business Wire India selection please click on this link http://www.businesswireindia.com/media/news.asp and use your personal username and password to login.
Submit your press release at http://www.businesswireindia.com
BWI: FundsIndia Raises Series A Investment from Inventus Capital Partners
Press release from Business Wire India
Source: Wealth India Financial Services Private Ltd.
Monday, August 02, 2010 04:43 PM IST (11:13 AM GMT)
Editors: General: Consumer interest; Business: Banking & financial services, Business services, Financial Analyst, Stock exchanges; Technology
--------------------------------------------------
FundsIndia Raises Series A Investment from Inventus Capital Partners
Chennai, Tamil Nadu, India, Monday, August 02, 2010 -- (Business Wire India) -- Wealth India Financial Services Pvt. Ltd., (WIFS), the promoter of leading online investment services platform FundsIndia.com, announced it has raised Rs. 3 crores in Series A investment from Inventus Capital Partners. The investment will be used for expanding the customer base and enhancing the online platform with new products and services.
FundsIndia.com was launched in June 2009 with its mutual fund services. It was the first platform to offer online access to no-entry-load, no-transaction-fee approach to a wide set of mutual funds in India. Subsequently, it enhanced the platform to offer corporate fixed deposit products and an equity investment platform. They also offer tax-filing facility and an online-enabled NPS platform. The company also plans to launch an insurance platform shortly.
WIFS was started by two entrepreneurs - C R Chandrasekar and Srikanth Meenakshi - in October, 2008. Between the two, they have more than two decades of experience in technology enabled retail financial services, especially through the online medium.
"Indian financial services industry is going through a very dynamic phase currently. Recent regulatory changes across the spectrum of the industry have led to a comprehensive re-think of the distribution and delivery models for products and services. Our technology-enabled online platform enables us to offer high-quality services at a low-cost in a scalable manner. We believe this is the model of the future for this industry", said Chandrasekar.
"Inventus was among the earliest of the venture capital firms that we reached out to. They have a strong and successful track record of funding and mentoring early-stage companies. We are looking forward to leveraging their experience as we take our company to the next level", he continued.
Srikanth added, "This investment enables us to do two things that excites us. First, it enables us to enhance our offering both in terms of additional products as well as creating more innovative value-added services across the platform. Second, it lets us introduce FundsIndia to a large audience of people and get them going on the path of investing for their financial future".
Speaking for Inventus Capital Partners Managing Director Kanwal Rekhi said, "The financial services segment in India provides a large and growing opportunity for a cost-effective solution like FundsIndia.com. The online-only model enables FundsIndia.com to be nimble in a rapidly altering regulatory scenario. In Chandra and Srikanth we see an experienced, driven entrepreneurial duo well poised to address the emerging opportunities. We look forward to working closely with them to create a significant online brand to enable transactions in financial products".
Renowned entrepreneur/investor Kanwal Rekhi and Parag Dhol will join the founders on the board of the company.
For further information, please write to: contact@fundsindia.com, 044 4344 3100
About FundsIndia
FundsIndia.com is an online value-added financial services platform created and promoted by Wealth India Financial Services Pvt Ltd., a Chennai based company. The company was established in October 2008, and the platform was launched in June 2009. They offer mutual funds from 30 AMCs, stocks and ETFs from NSE, fixed deposit products from 6 corporates, and online-enabled NPS services. They are tied up with 19 banks for online transaction facilities. They have customers from all over the country and abroad for their innovative value-added financial services offerings.
About Inventus Capital Partners
Inventus supports ambitious entrepreneurs building the next generation of technology powered companies, particularly software products, services, embedded software, consumer internet, semiconductor and mobile services companies. The Inventus principals have previously invested in over 90 companies through multiple venture cycles since 1993. They play active mentoring roles on company boards. Inventus' recent investments in the US-India corridor include TeliBrahma, Insta Health Solutions and redBus. For more information on Inventus Capital Partners, please visit: http://www.inventuscap.com
CONTACT DETAILS
C.R. Chandrasekar, Wealth India Financial Services Private Ltd., +91 (44) 43443103, +91 9840920800, chandra@fundsindia.com
KEYWORDS
CONSUMER, BANKING, BUSINESS SERVICES, Financial Analyst, STOCK EXCHANGES, TECHNOLOGY
If you wish to change your Business Wire India selection please click on this link http://www.businesswireindia.com/media/news.asp and use your personal username and password to login.
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Source: Wealth India Financial Services Private Ltd.
Monday, August 02, 2010 04:43 PM IST (11:13 AM GMT)
Editors: General: Consumer interest; Business: Banking & financial services, Business services, Financial Analyst, Stock exchanges; Technology
--------------------------------------------------
FundsIndia Raises Series A Investment from Inventus Capital Partners
Chennai, Tamil Nadu, India, Monday, August 02, 2010 -- (Business Wire India) -- Wealth India Financial Services Pvt. Ltd., (WIFS), the promoter of leading online investment services platform FundsIndia.com, announced it has raised Rs. 3 crores in Series A investment from Inventus Capital Partners. The investment will be used for expanding the customer base and enhancing the online platform with new products and services.
FundsIndia.com was launched in June 2009 with its mutual fund services. It was the first platform to offer online access to no-entry-load, no-transaction-fee approach to a wide set of mutual funds in India. Subsequently, it enhanced the platform to offer corporate fixed deposit products and an equity investment platform. They also offer tax-filing facility and an online-enabled NPS platform. The company also plans to launch an insurance platform shortly.
WIFS was started by two entrepreneurs - C R Chandrasekar and Srikanth Meenakshi - in October, 2008. Between the two, they have more than two decades of experience in technology enabled retail financial services, especially through the online medium.
"Indian financial services industry is going through a very dynamic phase currently. Recent regulatory changes across the spectrum of the industry have led to a comprehensive re-think of the distribution and delivery models for products and services. Our technology-enabled online platform enables us to offer high-quality services at a low-cost in a scalable manner. We believe this is the model of the future for this industry", said Chandrasekar.
"Inventus was among the earliest of the venture capital firms that we reached out to. They have a strong and successful track record of funding and mentoring early-stage companies. We are looking forward to leveraging their experience as we take our company to the next level", he continued.
Srikanth added, "This investment enables us to do two things that excites us. First, it enables us to enhance our offering both in terms of additional products as well as creating more innovative value-added services across the platform. Second, it lets us introduce FundsIndia to a large audience of people and get them going on the path of investing for their financial future".
Speaking for Inventus Capital Partners Managing Director Kanwal Rekhi said, "The financial services segment in India provides a large and growing opportunity for a cost-effective solution like FundsIndia.com. The online-only model enables FundsIndia.com to be nimble in a rapidly altering regulatory scenario. In Chandra and Srikanth we see an experienced, driven entrepreneurial duo well poised to address the emerging opportunities. We look forward to working closely with them to create a significant online brand to enable transactions in financial products".
Renowned entrepreneur/investor Kanwal Rekhi and Parag Dhol will join the founders on the board of the company.
For further information, please write to: contact@fundsindia.com, 044 4344 3100
About FundsIndia
FundsIndia.com is an online value-added financial services platform created and promoted by Wealth India Financial Services Pvt Ltd., a Chennai based company. The company was established in October 2008, and the platform was launched in June 2009. They offer mutual funds from 30 AMCs, stocks and ETFs from NSE, fixed deposit products from 6 corporates, and online-enabled NPS services. They are tied up with 19 banks for online transaction facilities. They have customers from all over the country and abroad for their innovative value-added financial services offerings.
About Inventus Capital Partners
Inventus supports ambitious entrepreneurs building the next generation of technology powered companies, particularly software products, services, embedded software, consumer internet, semiconductor and mobile services companies. The Inventus principals have previously invested in over 90 companies through multiple venture cycles since 1993. They play active mentoring roles on company boards. Inventus' recent investments in the US-India corridor include TeliBrahma, Insta Health Solutions and redBus. For more information on Inventus Capital Partners, please visit: http://www.inventuscap.com
CONTACT DETAILS
C.R. Chandrasekar, Wealth India Financial Services Private Ltd., +91 (44) 43443103, +91 9840920800, chandra@fundsindia.com
KEYWORDS
CONSUMER, BANKING, BUSINESS SERVICES, Financial Analyst, STOCK EXCHANGES, TECHNOLOGY
If you wish to change your Business Wire India selection please click on this link http://www.businesswireindia.com/media/news.asp and use your personal username and password to login.
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BWI: Bilcare AG to Acquire INEOS’ Global Films Business with Annual Sales of Rs 1458 crores for Rs 607 crores
Press release from Business Wire India
Source: Bilcare Ltd.
Monday, August 02, 2010 04:50 PM IST (11:20 AM GMT)
Editors: General: Consumer interest; Business: Banking & financial services, Business services, Chemicals, Healthcare, biotechnology & pharmaceutical; Healthcare
--------------------------------------------------
Bilcare AG to Acquire INEOS' Global Films Business with Annual Sales of Rs 1458 crores for Rs 607 crores
Mumbai, Maharashtra, India, Monday, August 02, 2010 -- (Business Wire India) -- INEOS Group has today entered into a binding agreement for the sale of its Global Films business to Bilcare AG.
"Bringing together Bilcare's research and development focus with our own broad production and application knowledge provides a very strong strategic fit," said Iain Hogan, CEO INEOS Films.
Mohan Bhandari, Chairman, Bilcare Limited said, "This acquisition is a paradigm shift in the pharma packaging space & a significant step towards creating a customer centric company to deliver path breaking innovations and establish global leadership".
INEOS Group has today entered into a binding agreement for the sale of its Global Films business to Bilcare AG, one of the world's leading providers of research led packaging to the global pharmaceuticals industry, for approximately ?100 million. The agreement brings together complimentary capabilities and synergies of two leading global businesses.
INEOS is a leader in Pharma and Specialty Films business; Bilcare is the foremost solution provider of innovative packaging to the global pharmaceuticals for their brand safety and growth.
The deal comprises the business, assets and personnel related to INEOS' Films operations located in North America, Europe, and Asia.
Iain Hogan, CEO INEOS Films, warmly welcomed the announcement. "I am very excited by the potential created by the combination of these two companies. Bringing together Bilcare's research and development focus with our own broad production and application knowledge provides a very strong strategic fit.
"Whilst performing well, the INEOS Films business is no longer core to the INEOS Group as the company focuses its attention on its large-scale petrochemicals businesses. This agreement with Bilcare will put INEOS Films assets and people at the centre of a new business with the innovation and drive necessary for it to grow and further develop, which is good for the business and its customers globally."
INEOS Films is a leading global producer of high quality polymer films built on expertise and innovation. The company plays a major role in the world of pharmaceutical blister packaging, films for printing and decoration, shrink film for sleeves, capsules and plastic credit cards. The company employs around 1300 people across manufacturing sites in Germany, Italy, India and North America and has a turnover of around ?240 million.
Mohan Bhandari, Chairman, Bilcare Limited said, "This acquisition is a paradigm shift in the pharma packaging space & a significant step towards creating a customer centric company to deliver path breaking innovations and establish global leadership".
The newly appointed Executive Chairman of Bilcare AG, Dr. Heinz Gaertner said, "This transaction presents a unique opportunity and enhances our offer to apply our innovation led approach to a broad range of industries, currently served by INEOS Films, particularly in Europe and USA."
The transaction inter alia, is proposed to be effected through a merger process in Germany, in relation to the German company and its subsidiaries. The transaction is expected to be completed at the end of August, subject to necessary regulatory filings and approvals, including German Court and approvals under applicable antitrust laws and regulations.
Note to editors:
INEOS Films (www.ineosfilms.com) is a global producer of rigid films. Its manufacturing and marketing activity is concentrated in the production of high quality polymer and PVC-PE films and includes the finishing of films in the form of coating, stentering, laminating and metallizing. It is also involved in the extrusion of PET and PET-PE films. With over 50 years experience in calendering rigid PVC films, INEOS Films today is one of the leading rigid film producers in the world. Worldwide the INEOS Films Group employs approximately 1,300 people with sites in Germany, Italy, India and the USA. It has the capacity to produce around 140,000 tonnes of films per annum and had sales of EUR 240 million in 2009.
About INEOS
INEOS (www.ineos.com) is one of the world's leading chemical companies; a leading manufacturer of petrochemicals, specialty chemicals and oil products. Comprising 15 businesses, with a production network spanning 60 manufacturing facilities in 13 countries, the company produces more than 40 million tonnes of petrochemicals, 20 million tons per annum of crude oil refined products (fuels). INEOS employs 15,000 people and had sales of $28.6bn in 2009.
About Bilcare
Bilcare (www.bilcare.com) Bilcare Ltd. (BSE code 526853) is an international, integrated service provider to the global pharmaceutical industry offering Pharma packaging & research, global clinical trial supplies services and Bilcare Technologies offering nonClonableIDT identification, authentication, secure track-n-trace anti-counterfeiting technology. Bilcare operates state-of-the-art manufacturing and research facilities in India, Singapore, USA and UK and has regional offices in Brazil, Germany, China and Australia. Bilcare provides solutions that address many of the industry's key concerns including counterfeit drugs, compliance, costs, communication and convenience.
To view the photograph, please click on the link given below:
Mr. Vineet Mehrotra, Vice President, Finance, Bilcare Ltd.
Mr. Mohan Bhandari, Founder, Chairman and Managing Director, Bilcare Ltd.
For picture(s)/data to illustrate this release click below:
http://www.BusinessWireIndia.com/attachments/Pic_1(324).jpg
Pic_1(324).jpg
http://www.BusinessWireIndia.com/attachments/Pic_2(148).jpg
Pic_2(148).jpg
CONTACT DETAILS
Richard Longden, INEOS, +44 (0) 7710 371998
Jaydip Chowdhury, Bilcare, +91 9922429719
Kavita K Bhaskaran, Sampark Public Relations, +91 9987355009, kavita.bhaskaran@sampark.com
KEYWORDS
CONSUMER, BANKING, BUSINESS SERVICES, CHEMICALS, HEALTHCARE, HEALTHCARE
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Source: Bilcare Ltd.
Monday, August 02, 2010 04:50 PM IST (11:20 AM GMT)
Editors: General: Consumer interest; Business: Banking & financial services, Business services, Chemicals, Healthcare, biotechnology & pharmaceutical; Healthcare
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Bilcare AG to Acquire INEOS' Global Films Business with Annual Sales of Rs 1458 crores for Rs 607 crores
Mumbai, Maharashtra, India, Monday, August 02, 2010 -- (Business Wire India) -- INEOS Group has today entered into a binding agreement for the sale of its Global Films business to Bilcare AG.
"Bringing together Bilcare's research and development focus with our own broad production and application knowledge provides a very strong strategic fit," said Iain Hogan, CEO INEOS Films.
Mohan Bhandari, Chairman, Bilcare Limited said, "This acquisition is a paradigm shift in the pharma packaging space & a significant step towards creating a customer centric company to deliver path breaking innovations and establish global leadership".
INEOS Group has today entered into a binding agreement for the sale of its Global Films business to Bilcare AG, one of the world's leading providers of research led packaging to the global pharmaceuticals industry, for approximately ?100 million. The agreement brings together complimentary capabilities and synergies of two leading global businesses.
INEOS is a leader in Pharma and Specialty Films business; Bilcare is the foremost solution provider of innovative packaging to the global pharmaceuticals for their brand safety and growth.
The deal comprises the business, assets and personnel related to INEOS' Films operations located in North America, Europe, and Asia.
Iain Hogan, CEO INEOS Films, warmly welcomed the announcement. "I am very excited by the potential created by the combination of these two companies. Bringing together Bilcare's research and development focus with our own broad production and application knowledge provides a very strong strategic fit.
"Whilst performing well, the INEOS Films business is no longer core to the INEOS Group as the company focuses its attention on its large-scale petrochemicals businesses. This agreement with Bilcare will put INEOS Films assets and people at the centre of a new business with the innovation and drive necessary for it to grow and further develop, which is good for the business and its customers globally."
INEOS Films is a leading global producer of high quality polymer films built on expertise and innovation. The company plays a major role in the world of pharmaceutical blister packaging, films for printing and decoration, shrink film for sleeves, capsules and plastic credit cards. The company employs around 1300 people across manufacturing sites in Germany, Italy, India and North America and has a turnover of around ?240 million.
Mohan Bhandari, Chairman, Bilcare Limited said, "This acquisition is a paradigm shift in the pharma packaging space & a significant step towards creating a customer centric company to deliver path breaking innovations and establish global leadership".
The newly appointed Executive Chairman of Bilcare AG, Dr. Heinz Gaertner said, "This transaction presents a unique opportunity and enhances our offer to apply our innovation led approach to a broad range of industries, currently served by INEOS Films, particularly in Europe and USA."
The transaction inter alia, is proposed to be effected through a merger process in Germany, in relation to the German company and its subsidiaries. The transaction is expected to be completed at the end of August, subject to necessary regulatory filings and approvals, including German Court and approvals under applicable antitrust laws and regulations.
Note to editors:
INEOS Films (www.ineosfilms.com) is a global producer of rigid films. Its manufacturing and marketing activity is concentrated in the production of high quality polymer and PVC-PE films and includes the finishing of films in the form of coating, stentering, laminating and metallizing. It is also involved in the extrusion of PET and PET-PE films. With over 50 years experience in calendering rigid PVC films, INEOS Films today is one of the leading rigid film producers in the world. Worldwide the INEOS Films Group employs approximately 1,300 people with sites in Germany, Italy, India and the USA. It has the capacity to produce around 140,000 tonnes of films per annum and had sales of EUR 240 million in 2009.
About INEOS
INEOS (www.ineos.com) is one of the world's leading chemical companies; a leading manufacturer of petrochemicals, specialty chemicals and oil products. Comprising 15 businesses, with a production network spanning 60 manufacturing facilities in 13 countries, the company produces more than 40 million tonnes of petrochemicals, 20 million tons per annum of crude oil refined products (fuels). INEOS employs 15,000 people and had sales of $28.6bn in 2009.
About Bilcare
Bilcare (www.bilcare.com) Bilcare Ltd. (BSE code 526853) is an international, integrated service provider to the global pharmaceutical industry offering Pharma packaging & research, global clinical trial supplies services and Bilcare Technologies offering nonClonableIDT identification, authentication, secure track-n-trace anti-counterfeiting technology. Bilcare operates state-of-the-art manufacturing and research facilities in India, Singapore, USA and UK and has regional offices in Brazil, Germany, China and Australia. Bilcare provides solutions that address many of the industry's key concerns including counterfeit drugs, compliance, costs, communication and convenience.
To view the photograph, please click on the link given below:
Mr. Vineet Mehrotra, Vice President, Finance, Bilcare Ltd.
Mr. Mohan Bhandari, Founder, Chairman and Managing Director, Bilcare Ltd.
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CONTACT DETAILS
Richard Longden, INEOS, +44 (0) 7710 371998
Jaydip Chowdhury, Bilcare, +91 9922429719
Kavita K Bhaskaran, Sampark Public Relations, +91 9987355009, kavita.bhaskaran@sampark.com
KEYWORDS
CONSUMER, BANKING, BUSINESS SERVICES, CHEMICALS, HEALTHCARE, HEALTHCARE
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BWI: 24/7 Customer Opens its State of the Art Contact Center in Nicaragua
Press release from Business Wire India
Source: 24/7 Customer
Monday, August 02, 2010 04:17 PM IST (10:47 AM GMT)
Editors: General: Consumer interest; Business: Stock exchanges; Technology
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24/7 Customer Opens its State of the Art Contact Center in Nicaragua
Sets up its tenth facility, worldwide; Launches its second offshore location in Latin America
Bangalore, Karnataka, India, Monday, August 02, 2010 -- (Business Wire India) -- 24/7 Customer, the global leader in predictive interaction solutions, announced the launch of its contact center in Managua, Nicaragua. The company set up its tenth center world-wide, to deliver voice based inbound customer support service. Located in Accedo Technology Park, it currently employs nearly 150 people with plans to ramp up to 1000 people in the next 12-18 months.
P V Kannan, Co-founder and CEO of 24/7 Customer Inc said: "The opening of the new delivery center in Managua is an integral part of our global expansion plan and emphasizes our focus in the 'Americas' (Latin & Central America). Nicaragua as a country has displayed great potential to be the next preferred outsourcing destination in the contact center industry. We are amongst the first to set up operations here. The positive response from our clients to this region as a preferred near shore destination has been the key factor in setting up this new center."
"The local population possesses an excellent understanding of the American culture and there is an abundance of talented English speaking graduates- -two key factors that drive the success in the contact center industry. We have successfully exhibited our ability to tap into this talented pool and generate an exceptional standard of customer service in Guatemala. In four years, we have set up two contact centers in Guatemala city and scaled it to nearly 2000 people " said Kapil Rajvanshi, Latin American Head for 24/7 Customer Inc. "The expansion into Nicaragua highlights the potential of this region as a preferred destination for near-shoring," he further added.
This center in Managua is tenth global center for 24/7 Customer. The other nine centers are located in Bangalore, Hyderabad, Guatemala City, Shanghai and Manila.
247 Customer first entered in Latin America in May 2006, with its 500 seats center in Guatemala city. 24/7 Customer provides customer support services from its two state of the art centers to the hospitality, financial services, tech support and retail sectors in both English and Spanish.
24/7 Customer
24/7 Customer is a predictive interaction solutions provider that guarantees measurable business results across the customer lifecycle. With its patent pending "predictive interactions" SaaS platform coupled with "24/7 Outperformance" framework, 24/7 Customer promises to improve sales & customer experience by 10 - 15% or more and reduce contact center costs by 10% or more for its clients. Today, 24/7 Customer is the No. 1 partner in contact center operations for 90% of its clients. (For more information visit: http://www.247customer.com)
CONTACT DETAILS
Rekha, Senior Manager - Corporate Communications, 24/7 Customer, +91 (80) 30582470, +91 9945561944, rekha.r@247customer.com
KEYWORDS
CONSUMER, STOCK EXCHANGES, TECHNOLOGY
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Source: 24/7 Customer
Monday, August 02, 2010 04:17 PM IST (10:47 AM GMT)
Editors: General: Consumer interest; Business: Stock exchanges; Technology
--------------------------------------------------
24/7 Customer Opens its State of the Art Contact Center in Nicaragua
Sets up its tenth facility, worldwide; Launches its second offshore location in Latin America
Bangalore, Karnataka, India, Monday, August 02, 2010 -- (Business Wire India) -- 24/7 Customer, the global leader in predictive interaction solutions, announced the launch of its contact center in Managua, Nicaragua. The company set up its tenth center world-wide, to deliver voice based inbound customer support service. Located in Accedo Technology Park, it currently employs nearly 150 people with plans to ramp up to 1000 people in the next 12-18 months.
P V Kannan, Co-founder and CEO of 24/7 Customer Inc said: "The opening of the new delivery center in Managua is an integral part of our global expansion plan and emphasizes our focus in the 'Americas' (Latin & Central America). Nicaragua as a country has displayed great potential to be the next preferred outsourcing destination in the contact center industry. We are amongst the first to set up operations here. The positive response from our clients to this region as a preferred near shore destination has been the key factor in setting up this new center."
"The local population possesses an excellent understanding of the American culture and there is an abundance of talented English speaking graduates- -two key factors that drive the success in the contact center industry. We have successfully exhibited our ability to tap into this talented pool and generate an exceptional standard of customer service in Guatemala. In four years, we have set up two contact centers in Guatemala city and scaled it to nearly 2000 people " said Kapil Rajvanshi, Latin American Head for 24/7 Customer Inc. "The expansion into Nicaragua highlights the potential of this region as a preferred destination for near-shoring," he further added.
This center in Managua is tenth global center for 24/7 Customer. The other nine centers are located in Bangalore, Hyderabad, Guatemala City, Shanghai and Manila.
247 Customer first entered in Latin America in May 2006, with its 500 seats center in Guatemala city. 24/7 Customer provides customer support services from its two state of the art centers to the hospitality, financial services, tech support and retail sectors in both English and Spanish.
24/7 Customer
24/7 Customer is a predictive interaction solutions provider that guarantees measurable business results across the customer lifecycle. With its patent pending "predictive interactions" SaaS platform coupled with "24/7 Outperformance" framework, 24/7 Customer promises to improve sales & customer experience by 10 - 15% or more and reduce contact center costs by 10% or more for its clients. Today, 24/7 Customer is the No. 1 partner in contact center operations for 90% of its clients. (For more information visit: http://www.247customer.com)
CONTACT DETAILS
Rekha, Senior Manager - Corporate Communications, 24/7 Customer, +91 (80) 30582470, +91 9945561944, rekha.r@247customer.com
KEYWORDS
CONSUMER, STOCK EXCHANGES, TECHNOLOGY
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BWI: Tanla Solutions Ltd Announces Deployment of a New Service in its 3G Platform with MTNL
Press release from Business Wire India
Source: Tanla Solutions Limited
Monday, August 02, 2010 02:01 PM IST (08:31 AM GMT)
Editors: General: Consumer interest; Business: Advertising, PR & marketing, Business services, Information technology, Telecommunications; Technology
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Tanla Solutions Ltd Announces Deployment of a New Service in its 3G Platform with MTNL
Hyderabad, Andhra Pradesh, India, Monday, August 02, 2010 -- (Business Wire India) -- Tanla Solutions Ltd., the leading telecommunications software and services provider became the first company to have live services over a 3G net work in India. Tanla today announced the deployment of video mail service in the 3G spectrum with the state owned Mahanagar Telephone Nigam Limited (MTNL).
MTNL is the first Indian mobile operator to launch 3G services in India.
Video mail service ensures that the users do not miss any calls even when they are not available. Using Video Mail the users can leave a message through videos which is an enhancement to the existing Voice mail services where the users leave only a voice message.
Tanla looks forward to add new services in the 3G value added services space that would provide Tanla traction in this segment, likely to expand very soon in India. Tanla has already successfully deployed and is providing 3G services on networks outside India such as in the United Kingdom and Srilanka.
Tanla's 3G VAS platform enables a number of Video based interactive applications like Video IVR Portals, Video Chat, Video SMS and Video alerts, apart from Video mailing. This enables mobile operators and service providers to enhance portal offerings with feature-rich, personalized video interactivity. The visual component of services created with Tanla's 3G platform makes the user experience much more intuitive and attractive than traditional voice-or-text based services and is proven to drive the uptake of 3G services like Video Calling.
About Tanla
Tanla is a leading innovator of Next-generation mobile commerce, mobile application solutions and interactive services. We provide end-to-end solutions to Mobile Operators, Handset Manufacturers, and Independent Software Vendors including: Application Rights Management (License Manager), Mobile Payments, Global messaging services, Telecom Products and solutions, and 3G VAS Products.
Tanla License Manager is embedded in over 170 million Nokia handsets. Tanla offers Mobile Payments connectivity in over 160 countries globally.
CONTACT DETAILS
Anuradha Chava, Tanla Solutions Limited, +91 (40) 40099999, anuradha.chava@tanla.com
KEYWORDS
CONSUMER, MARKETING, BUSINESS SERVICES, IT, TELECOMMUNICATIONS, TECHNOLOGY, TANLA.BO
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Source: Tanla Solutions Limited
Monday, August 02, 2010 02:01 PM IST (08:31 AM GMT)
Editors: General: Consumer interest; Business: Advertising, PR & marketing, Business services, Information technology, Telecommunications; Technology
--------------------------------------------------
Tanla Solutions Ltd Announces Deployment of a New Service in its 3G Platform with MTNL
Hyderabad, Andhra Pradesh, India, Monday, August 02, 2010 -- (Business Wire India) -- Tanla Solutions Ltd., the leading telecommunications software and services provider became the first company to have live services over a 3G net work in India. Tanla today announced the deployment of video mail service in the 3G spectrum with the state owned Mahanagar Telephone Nigam Limited (MTNL).
MTNL is the first Indian mobile operator to launch 3G services in India.
Video mail service ensures that the users do not miss any calls even when they are not available. Using Video Mail the users can leave a message through videos which is an enhancement to the existing Voice mail services where the users leave only a voice message.
Tanla looks forward to add new services in the 3G value added services space that would provide Tanla traction in this segment, likely to expand very soon in India. Tanla has already successfully deployed and is providing 3G services on networks outside India such as in the United Kingdom and Srilanka.
Tanla's 3G VAS platform enables a number of Video based interactive applications like Video IVR Portals, Video Chat, Video SMS and Video alerts, apart from Video mailing. This enables mobile operators and service providers to enhance portal offerings with feature-rich, personalized video interactivity. The visual component of services created with Tanla's 3G platform makes the user experience much more intuitive and attractive than traditional voice-or-text based services and is proven to drive the uptake of 3G services like Video Calling.
About Tanla
Tanla is a leading innovator of Next-generation mobile commerce, mobile application solutions and interactive services. We provide end-to-end solutions to Mobile Operators, Handset Manufacturers, and Independent Software Vendors including: Application Rights Management (License Manager), Mobile Payments, Global messaging services, Telecom Products and solutions, and 3G VAS Products.
Tanla License Manager is embedded in over 170 million Nokia handsets. Tanla offers Mobile Payments connectivity in over 160 countries globally.
CONTACT DETAILS
Anuradha Chava, Tanla Solutions Limited, +91 (40) 40099999, anuradha.chava@tanla.com
KEYWORDS
CONSUMER, MARKETING, BUSINESS SERVICES, IT, TELECOMMUNICATIONS, TECHNOLOGY, TANLA.BO
If you wish to change your Business Wire India selection please click on this link http://www.businesswireindia.com/media/news.asp and use your personal username and password to login.
Submit your press release at http://www.businesswireindia.com
Sunday, August 1, 2010
BWI: Ramco Recognizes Budding Chess Champion from Tamil Nadu
Press release from Business Wire India
Source: Ramco Systems Limited
Monday, August 02, 2010 10:38 AM IST (05:08 AM GMT)
Editors: General: Consumer interest, Entertainment; Business: Advertising, PR & marketing, Business services, Information technology, Media & entertainment; Technology
--------------------------------------------------
Ramco Recognizes Budding Chess Champion from Tamil Nadu
Presents her with a high-end Laptop
Chennai, Tamil Nadu, India, Monday, August 02, 2010 -- (Business Wire India) -- Ramco Systems, as part of its CSR initiative, today awarded Ms. Preethi, winner of Gold medal in the under junior girls' category in the Parsvnath Commonwealth Chess Championship with a high-end laptop.
Preethi, a third year Engineering student from Thiagarajar College of Engineering, Madurai has been playing Chess from the age of 10. With very little formal coaching and support, Preethi has carved a history by winning a Gold medal in the XIX Commonwealth Games 2010 in New Delhi.
Chess unlike other sports is participative in nature. A player's skill improves when they compete with other players in their category. Despite very little financial support and formal training, Preethi has successfully won many awards including Silver in World Youth Chess Championship in 2008, Gold in Commonwealth U/18 category in 2008, Two State Chess championships in 2008 and so on.
An elated Preethi said, "I am excited and thrilled to have received a laptop with chess software in it. This is a dream come true for me as I will now be able to take my coach (laptop) along every time I travel for a championship. I would like to thank my parents, my college and Ramco Systems for their support and well wishes."
Presenting the laptop and speaking on the occasion Mr. Subramanian R, Vice President - Program Management, Ramco Systems said, "Technology has truly bridged the digital divide. With a laptop and supporting software, Preethi will now be able to train herself and compete in international championships with confidence. We are confident that Preethi with the right support and training will go places. I wish her all success."
Ramco Systems has been associated with Sports especially Chess for many years. Mr. P R Venketrama Raja, Vice Chairman, Managing Director & CEO, Ramco Systems is currently the President of Tamil Nadu State Chess Association.
About Ramco Systems
Ramco Systems, a part of the USD 800+ million Ramco Group, has delivered enterprise software and services since 1989. Today, Ramco is a global provider, catering to over 100,000 users. Their resource strength exceeds over 1,300 employees operating out of 18 offices in 9 countries. Ramco Systems develops cost effective, flexible, and innovative enterprise applications, which can be fast deployed. It helps businesses respond to change swiftly. The company provides solutions to multiple verticals including banking, insurance, manufacturing, supply chain, aviation, transportation and logistics, healthcare, governance, retail and so on. Ramco's collaborative solution innovation platform-Ramco VirtualWorks ensures that when your business changes, your system also changes along. Ramco Systems has been certified for ISO 9001:2008 quality standards, and ISO 27001 security standards.
For more information, please visit www.ramco.com
CONTACT DETAILS
Vinitha Ramani, Ramco Systems Ltd., +91 9840368048, vinitharamani@rsi.ramco.com
KEYWORDS
CONSUMER, ENTERTAINMENT, MARKETING, BUSINESS SERVICES, IT, MEDIA, TECHNOLOGY
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Source: Ramco Systems Limited
Monday, August 02, 2010 10:38 AM IST (05:08 AM GMT)
Editors: General: Consumer interest, Entertainment; Business: Advertising, PR & marketing, Business services, Information technology, Media & entertainment; Technology
--------------------------------------------------
Ramco Recognizes Budding Chess Champion from Tamil Nadu
Presents her with a high-end Laptop
Chennai, Tamil Nadu, India, Monday, August 02, 2010 -- (Business Wire India) -- Ramco Systems, as part of its CSR initiative, today awarded Ms. Preethi, winner of Gold medal in the under junior girls' category in the Parsvnath Commonwealth Chess Championship with a high-end laptop.
Preethi, a third year Engineering student from Thiagarajar College of Engineering, Madurai has been playing Chess from the age of 10. With very little formal coaching and support, Preethi has carved a history by winning a Gold medal in the XIX Commonwealth Games 2010 in New Delhi.
Chess unlike other sports is participative in nature. A player's skill improves when they compete with other players in their category. Despite very little financial support and formal training, Preethi has successfully won many awards including Silver in World Youth Chess Championship in 2008, Gold in Commonwealth U/18 category in 2008, Two State Chess championships in 2008 and so on.
An elated Preethi said, "I am excited and thrilled to have received a laptop with chess software in it. This is a dream come true for me as I will now be able to take my coach (laptop) along every time I travel for a championship. I would like to thank my parents, my college and Ramco Systems for their support and well wishes."
Presenting the laptop and speaking on the occasion Mr. Subramanian R, Vice President - Program Management, Ramco Systems said, "Technology has truly bridged the digital divide. With a laptop and supporting software, Preethi will now be able to train herself and compete in international championships with confidence. We are confident that Preethi with the right support and training will go places. I wish her all success."
Ramco Systems has been associated with Sports especially Chess for many years. Mr. P R Venketrama Raja, Vice Chairman, Managing Director & CEO, Ramco Systems is currently the President of Tamil Nadu State Chess Association.
About Ramco Systems
Ramco Systems, a part of the USD 800+ million Ramco Group, has delivered enterprise software and services since 1989. Today, Ramco is a global provider, catering to over 100,000 users. Their resource strength exceeds over 1,300 employees operating out of 18 offices in 9 countries. Ramco Systems develops cost effective, flexible, and innovative enterprise applications, which can be fast deployed. It helps businesses respond to change swiftly. The company provides solutions to multiple verticals including banking, insurance, manufacturing, supply chain, aviation, transportation and logistics, healthcare, governance, retail and so on. Ramco's collaborative solution innovation platform-Ramco VirtualWorks ensures that when your business changes, your system also changes along. Ramco Systems has been certified for ISO 9001:2008 quality standards, and ISO 27001 security standards.
For more information, please visit www.ramco.com
CONTACT DETAILS
Vinitha Ramani, Ramco Systems Ltd., +91 9840368048, vinitharamani@rsi.ramco.com
KEYWORDS
CONSUMER, ENTERTAINMENT, MARKETING, BUSINESS SERVICES, IT, MEDIA, TECHNOLOGY
If you wish to change your Business Wire India selection please click on this link http://www.businesswireindia.com/media/news.asp and use your personal username and password to login.
Submit your press release at http://www.businesswireindia.com
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