Synechron acquires Crossbridge

Pune, Sep 30: Pune based company Synechron, the largest independent pure-play technology consulting and outsourcing provider for the financial services industry, today announced the acquisition of Crossbridge, a specialist financial services consulting firm based in London.

The acquisition deepens Synechron’s strong financial services expertise and expands its offerings to include Business and IT Transformation, Regulatory Services, Data, and Financial Crime. The deal extensively augments Synechron’s consulting expertise and consolidates its footprint in the London financial services community and the European market.

“This acquisition is an important milestone for us and it has been our major strategic objective to strengthen our presence in London, since starting out in the U.S. financial services industry in the early 2000s,” said Faisal Husain, co-founder and CEO of Synechron.“Crossbridge’s strong financial services capabilities matched with our unparalleled client service promise and acumen across the financial, business and technology sectors make this collaboration an incredibly fruitful opportunity for us to continue servicing our clients with a gold standard.”

Synechron’s aggressive growth strategy combines a foundation of strong organic growth with an acquisition approach to accelerate entry in strategic areas and geographies. The Crossbridge transaction marks the third acquisition in 2015 and a continuation of an effort to enhance the delivery of Synechron’s core values: Customer Satisfaction, Integrity, Excellence, Execution and Agility. Synechron’s previous 2015 acquisitions include:

·       Usable: a NYC-based boutique UI/UX design firm, acquired to strengthen and further expand Synechron’s digital design and user interface/user experience capabilities.

·       TeamTrade: a Paris-based firm specializing in software integration and business consulting acquired to enhance Synechron’s consulting and systems integration expertise.

Speaking about the acquisition, Tony Clark and Richard Squire, Managing Partners of Crossbridge said,“Our clients have been looking to us to rapidly grow the Crossbridge consulting services, capacity and global footprint, so joining forces with Synechron is a great strategic move.

We are delighted to be part of a team with technical depth and scale, which is absolutely well aligned with our Transformation, Regulation, Financial Crime, Data and Digital practice areas. In a rapidly evolving market, we believe that the amalgamation of Synechron's technical consulting focus and Crossbridge's business consulting capabilities creates a leading, full lifecycle financial services consulting proposition.”

Read the rest of this entry

NASSCOM: Indian BPM Sector Witnessing Sustained Growth

Highlighting the steady growth and rapid evolution of Indian BPM industry leading to key transformations for its customers, the National Association of Software and Services Companies (NASSCOM) today kick-started the two-day NASSCOM BPM Strategy Summit 2015 in Bangalore. The summit served as a platform for delegates and industry leaders and experts to  synergize their efforts to evolve the dynamic BPM landscape, enabling it to deal with ever changing global business trends.

NASSCOM also launched the findings of its CEO Survey on Strategic Priorities for Indian BPM Leaders which focusses on how industry leaders are looking at the future. The survey highlights multiple strategies to stay ahead of the curve and move from being a service provider to strategic partner to their customers. The finding recommends leaders to be more customer-focused and become solution experts driving digital transformations driving specific high-impact outcomes.

Speaking at the occasion, Mr. K S Viswanathan, Vice President – Industry Initiatives, NASSCOM, said, “The industry has continued on its path of sustained growth and has evolved in accordance with the changing international trends. Indian BPM players have transformed their approach by evolving into strategic partners driving end-to-end processes and outcomes for clients across the globe, spanning myriad industries. The services being offered by industry players have therefore kept the end-customer as the pivot of every solution being delivered.”

Mr. Keshav Murugesh, Group CEO, WNS and Chairman, NASSCOM BPM Council, said, “This has been an important and exciting phase for the BPM industry in India. Going forward, we will continue to strengthen our domain expertise and align with disruptive trends more closely with our focused investments in high-end technology and analytics. One of the key imperatives of this summit is to showcase skills and careers in the BPM industry, while changing career perceptions about the industry. In this light, we are announcing a pan India high-voltage campaign called BECOME WORLD WORTHY, showcasing the specialist careers that this industry can offer, and the myriad options available for talent of every kind.”

Further, to ensure that India is ready to meet the projected year-on-year growth of 11-12%% in BPM exports, it is imperative that a talent pipeline is also ready to meet the growing demand required from industry in the future. In order to meet the growing demand for skilled people, IT-ITeS Sector Skills Council NASSCOM (SSC NASSCOM), has created a courseware for ‘Transactional F&A’ in the Finance and Accounting occupation in the BPM industry. The courseware includes a Facilitator Guide and Student Handbook which outlines the pedagogical approach and learning methodologies that aims to empower students with the requisite competencies in this Qualification Pack (QP) / job role. This is a collective effort from the key BPM companies.

Dr. Sandhya Chintala, Vice President, NASSCOM and Executive Director SSC NASSCOM said, “The ‘Transactional F&A’ courseware is aimed at developing the capability of both the faculty and the students. The competency that will be enabled will facilitate a skilled and job-ready ecosystem for the F&A occupation. SSC NASSCOM as a Board of Certification for Qualification Packs will assess the competency of students and certify them on these transnational skills, offering a currency of global mobility. ”

NASSCOM also announced the top 10 BPM exporters in India for the year 2015. The list is topped by Genpact Ltd. followed by Tata Consultancy Services Ltd. and Serco Global Services in the second and third position respectively (Complete list below in annexure I).

With reported revenues of USD 27 billion in FY 2015, the BPM industry continues to grow and evolve, through the emergence of new markets and verticals leading to exponential growth of the segment. The focus this year was on the ever growing knowledge segment as well as an increase in financial services centers and Customer Interaction Services (CIS). Major BPM firms also focused on transforming business processes through the use of new technology thereby leading to the creation of newer business models and services.

Read the rest of this entry

IIT Alumni Industry Interaction Centre-news

New Delhi, India, Aug 20: The IIT Alumni Industry Interaction Center (AIIC), a pan IIT initiative (across all 16 IITs), today held the inaugural puja for its ‘Hub in the Sky’ facility at the IIT Madras Research Park in the presence of Prof. Bhaskar Ramamurthi, Director IIT Madras, Prof. Ashok Jhunjhunwala, Head, IITM Research Park, Dr R Nagarajan, Dean Alumni and International Affairs along with faculty, invitees and other alumni who graced the occasion to support the Industry Interaction Centre initiative

Mr. Suresh Kalpathi (Kalpathi Investments), President IIT AIIC thanked the governing council that includes Prof Bhaskar Ramamurthi, Mr. Arjun Malhotra, Mr. M.S.Ananth, Prof Ashok Jhunjhunwala, Mr. Kris Gopalakrishnan and Dr R Nagarajan amongst others for their guidance and support. As a step closer to achieving the PM's 7 point focus Charter for IITs, a part of its vision to project India as a brand worldwide, AIIC, at the function, declared collaboration of the academia with apex corporate houses and business institutions on Financial Technology (FinTech) innovations. This comes as a part of a series of Industry Round Tables (IRT) through which the IRT for Automotives was successfully launched early this year.

At a press meet held later during the day, Mr. Kalpathi said, “With giants like Cognizant, TCS, Saint Gobain, L&T, Sundaram Finance, JK Fenner and Carborundum Universal Limited as our institutional members providing industrial expertise to technological innovations from the IIT eco system, AIIC will facilitate mutually beneficial dialogue between academia and industry”.

Welcoming the AIIC to its new premises, Prof. R Nagarajan, Dean, International & Alumni Relations, IIT Madras said, "IITs and their alumni share one common characteristic-- innovation in all their endeavours. The AIIC is another example of that-- a path-breaking effort to integrate academia/ alumni/ industry interaction into traditionally social setting. I'm sure the success of this initiative at IIT Madras Research Park will spur similar Centres at other IITs as well".
The Indian landscape is primed for entrepreneurs using technology to promote financial inclusion. With IITs being a hub of innovations and the Research Park having the facility of an incubation cell, AIIC will bring closer the industry requirements to novel ideas and solutions.

The ‘Hub in the Sky’ facility is the first in a series of similar ventures planned across metros to foster discussions on technology, business and social networking amongst alumni & faculty of all IITs. At this second facility, AIIC aims to take the vision of Alumni Center to a new level with world class facilities that will include a Member’s lounge, Fine dining, Banquet halls, Meeting rooms, Library, Business center, AV Room and Executive rooms. Over and above the vision of Alumni Center, the objective of “HUB IN THE SKY” will be to supplement and complement the vision of IITMRP. It will provide world class ambience for meaningful and fruitful discussions and interaction between industry, academia, research scientists, policy makers, legal/finance/technical specialists and investment managers thus enabling value creation for a greater good through networking amongst its members. The IITM Research Park, designed by Hafeez Contractor, will eventually add more than 1 million sq. feet of well architected and environment friendly space.

AIIC corporate member Dr. E.S.Sivashankar, Director - KKK-JAPAN & Director – CKIPL, Chennai said, “Being a member, could develop business contacts with reliability which could be useful mutually. In the long run, we can explore the possibilities of collaboration in areas of common interest between my Japanese company and a reputed institution like IIT. Being a part of the group will also help in exchange of ideas which are mutually beneficially. We also think that with help from IIT, KKK Japan lookout for ways to be of use to the community in Chennai and later for India.”

Through this initiative, AIIC will systematically map and group IIT alumni to leverage on their collective experience in different sectors, identify innovation and serve as a platform that inspires path-breaking changes.

AIIC Patron Member, Mr. Kris Gopalakrishnan, Co-Founder, Infosys congratulated the Center on the success of a pan IIT initiative of such magnitude and said over a video call, “I am glad that IIT Alumni Club is moving to the IIT Madras Research Park. With larger area, the activities of the club can increase and serve the IIT Alumni community better. I hope all IIT Alumni will join and take full advantage of the facilities.”

Key Initiatives by AIIC

PALS - Pan IIT Alumni Leadership Series, an initiative conceived to add to all-round standards of select engineering colleges and management institutes around Chennai. With this program the AIIC, as a member of the IIT ecosystem, plays an important role in supporting some of the key goals set out by our Prime Minister in his address to the IIT Council in August 2014.

2014 Innovation Contest in association with TiE (The Indus Entrepreneurs) held to promote breakthrough innovations and bring them in line with the TiE mission of mentoring, educating, incubating and funding.

IRT - Industry Round Table is one of the many efforts of the IIT AIIC, to foster and sustain an innovation driven ecosystem by bringing the IITs, Alumni and the Academia together, that could lead to collaborative R&D and commercialization. The first IRT, focussed on the Auto Industry, has been initiated in collaboration with the Industrial Consultancy and Sponsored Research (IC&SR), IIT Madras. A mechanism for setting up an exclusive R&D Cell to address specific Industry requirements has been initiated.

WOW (Women Only Workshops)
A monthly series of lecture-workshops that introduce women to the concepts of managing personal finance. In addition to members, these workshops are now attended by women professionals from some of the top corporate organizations in the city.

Impressions
A series of events and shows covering Art, Music and other cultural pursuits to provide a rich social experience for members. In particular, the Art shows have now become an integral part of the Chennai calendar.

BIBLIOTHEK
A book reading group at the Club in the City brings together book-loving members, friends and family every month!

Open Pairs
A monthly bridge tournament that has become the richest event in the Chennai bridge calendar in terms of prize money on offer.

Read the rest of this entry

World-class Gemmology Education for Industry Professionals

Delhi – GIA (Gemological Institute of America) will offer its internationally recognised Graduate Gemologist (GG) diploma programme in Delhi from June 18, 2015.The programme gives students access to world-class education in gemmology.

The 26-week GG programme (Graduate Diamonds 7 weeks + Graduate Colored Stones 19 weeks)
combines theory with practical hands-on learning. 

The course, taught by experienced instructors, teaches students the grading and identification skills to prepare for a career as a buyer, appraiser, retailer or other gem and jewellery professional.Students gain both technical expertise and practical skills to evaluate gemstones using the GIA-developed 4Cs (colour, clarity, cut, and carat weight) of diamond quality, the International Diamond Grading System™ and the Colored Stone Grading System.

Students learn to grade diamonds consistently and accurately in the D-to-Z colour range; use a
microscope, a polariscope, a refractometer and other gemmological equipment; identify hundreds of
common and unusual gemstones; detect synthetics, simulants and treated gems; understand value and the path gems take from mine to market; and speak the language of gemstones accurately, confidently and fluently to consumers.

The Graduate Gemologistdiploma programme will be held at GIA’s classroom inDelhi at F- 32, 1st Floor, Flatted Factory Complex, Rani Jhansi Road, Jhandewalan.For more details about the course and about GIA in India, visit www.giaindia.in, email eduindia@gia.edu, or call 08587900996 or 1800 102 1566.

Read the rest of this entry

BRICS covers the great commerce leap of the decade- e-commerce

BRICS covers the great commerce leap of the decade- e-commerce

Organized the e-Commerce Conclave 2014 at the India International Centre, Delhi

Justifying its cause, BRICS Chamber of Commerce &Industry organized an ‘e-Commerce Conclave 2014’which was held on 19 November 2014 at The Indian International Center, New Delhi. The conclave focused on the most relevant topic of the decade, e-Commerce which has not only taken over markets but has also provided a wide platter of convenience filled buying experience to the consumers.

The gathering included eminent personalities of the industry who shared an intelligent flow of ideas regarding the subject of e-commerce at the BRICS Conclave. Mr. Ravi Shankar Prasad,Hon’ble Minister of IT and Telecommunications glorified the event with his presence as Chief Guest of the evening.

Mr. Ravi Shankar Prasad laid emphasis on the contexts of technology and commerce as a collective. He highlighted the Indian horizon of commerce by reflecting the magnitude of potential that the Indian entrepreneurs hold. He shared some brief and interesting anecdotes weighing on the passion and enthusiasm which young India holds for e-commerce.

The key note address was followed by three different panel discussions concerning topics such as Technology: Innovative ideas and Road Maps in the e-Commerce industry, Payments and Securities issues, fund raising and investor's role in e-commerce. The panel members included names like Mr. Vikram Chopra, Co-Founder and CEO, FadFurnish.com; Mr. Atul Gupta, Partner, KPMG; Mr. Kashinath Hariharan, Joint General Manager, ICICI Bank and Mr. Rajiv Mathur, Chairman, MobiMedia Technologies Ltd.

“Effective communication and consumer value is important for the sustainability of any e-commerce model. The consumer value would automatically attachits customers. This eventually would act as a brand in itself and attract investors for fund raising. The vendors are the first partners who should be selected keeping in mind that they should be in-line with organizational goals like the company itself for long term association and sustainable growth”, said Mr. Vikram Chopra, Co-Founder and CEO, FabFurnish.com, one of the key panelists at the Conclave.

The conference ended with a vote of thanks by the Secretary General of BRICS Chamber of Commerce and Industry, Dr. B.B.L. Madhukar.

Read the rest of this entry

Anant Fresh will play a major role to organize the retail industry in Haryana

Anant Fresh will play a major role to organize the retail industry in Haryana and to provide quality goods at affordable price at doorstep.

•  Anant Fresh will invest Rs.100 cores in next 3 years and generate employment for more then 2000 people.
•  Anant Fresh is delivering all the daily use goods at the door step of consumer on a single call or email order, Services has already started in entire district of Sonipat, will capture other cities very soon.
•  B2B wholesale retailing by Anant Fresh provides a easy and comfortable solution to all the shopkeeper (Kirana store) of Haryna, which saves times and money, covering more than 200 shops every day.

Haryana: Haryana’s own retail company, Anant Fresh Pvt. Ltd has started its successful operation in the region and launched its first super market store at Kundali and also started e-commerce (online shopping) services for the customers.

Beside this company has also started its wholesale retailing concept in nearby area of Sonipat and delivering products to more than 200 kirana stores on daily basis, said Anant Fresh Managing Director Mr. Manoj Kumar Khatri in a press conference held at Hotel Bulbul, Sonipat, Haryana.

I belong to a village of Haryana and born and brought here and worked with no of multinational companies in India and other countries. I found there is a very big opportunity for the organized retail market in the region. Not only young generation but also other people also wants quality and branded products to use but there is not a easy accessibility of such stores or services in Haryana which can deliver the product of their choice.
 

As last one decade states scenario has changed, consumer behavior, buying habits, preferences are changing day by day so we at Anant Fresh wants to full the modern and cultural requirement of the people and give easy and comfortable solution in their style and taste.

We have launched a complete shopping solution for the common people and also for the shopkeeper at Anant Fresh, starting with the physical shopping with store, virtual shopping with phone and website and wholesale shopping with our B2B retailing concept. With the use of latest technology, inventory management, modern warehouse and logistic system we are trying to give a international standard shopping experience to the customers, added Mr. Manoj Khatri.

Talking about the expansion plan he said said “In first stage our focus is Haryana and will open 10 more retail stores in the region by end of this financial year. Some of the stores would be company owned and some would be franchise in the areas like Panipat, Hisar, Kurushetra, Sirsa, Bhadurgarh, Rohatak, Gurgaon, Rewari, Jeend, Faridabad, Palwal etc. And will provide shopping and home delivery services to the entire state very soon, even the rural area as well. We are also planning to add fashion garment and lifestyle accessories, fresh vegetables and households goods in our bucket in next few months.

Read the rest of this entry

PURNAM brings the best of Indian Art & Culture with its exclusive lifestyle exhibition in the capital

PURNAM brings the best of Indian Art & Culture with its exclusive lifestyle exhibition in the capital

Provides budding and established entrepreneurs from across the globe with a platform to exhibit their artifacts, home décor products, jewellery, accessories and apparel

PURNAM, an exhibitions and events enabling organisation, is bringing together top talent from both India and abroad to a one-of-its kind lifestyle exhibition in New Delhi’s Eros Hotel, in December 2014. Entrepreneurs from Indian cities of Mumbai, Amritsar, Jaipur and Kolkata will exhibit exquisite home décor products, jewellery, gems, apparel in chiffon and silk, elaborate dupattas, traditional apparel from Benares and delicate handicrafts amongst others.

A part of the proceeds from the exhibition will be donated to the NGO Akshay Pratishthan, with which the founders of PURNAM have been associated for many years now.

Ms. Indu Gupta commented on the same, “Our endeavour at PURNAM has always been to enable entrepreneurs to widen their horizons with our exhibitions.

This time we are also providing buyers the opportunity to get access to the best of lifestyle products from across the globe. This exhibition will set a precedent for the exhibitions’ space in India with our long list of international participants.”

She also added, “Staying true to our commitment of enriching society, we have tied up with Akshay Pratishthan, an NGO that contributes to the welfare of the less fortunate in society. A part of the earnings of the organisation will be contributed towards this noble cause.”

Amongst the exhibitors are Itna Drama By Saira Fashion - Amritsar, Vinita Designer Wear from Delhi, Bottomline from Mumbai, Lush Home by Sabina from Delhi, AJAA by Shiwantika Agarwal from Delhi, Roliana Benares Splendour - Varanasi & Sole Affair - Mumbai are amongst many other successful and budding designers.

Company Proifle - PURNAM

PURNAM was conceptualised to help driven exhibitors to define their own road in life by exposing them to an unlimited number of buyers they would not meet otherwise. PURNAM is an embodiment of the entrepreneurial flair of four spirited ladies. With a passion to serve, Saroj Bhatia, Indu Gupta, Jani Dhingra and Sarita Baluja joined hands to give exposure to entrepreneurs from different parts of the country and enable them to widen their horizons.

The four founders of PURNAM met each other in 1994 while working together for the reputed NGO, Akshay Pratishthan. They organised fund-raising exhibitions in embassies and later realised that they could take this initiative forward by putting together more such events that gave others a platform to showcase their talent and grow their businesses. In 2006, with this inspiration at its core, PURNAM was incepted.

Since 2006, PURNAM has been behind many a successful exhibition in various parts of the country such as New Delhi, Chandigarh, Jalandhar and Ludhiana. They also organised a vibrant and profitable event in Dubai in 2011. Imbued by the values of Akshay Pratishthan, the founders give back to society consistently by sharing a part of the proceeds of their exhibitions for the upliftment of the underprivileged. The core philosophy of PURNAM is to promote exhibitors who display a kaleidoscope of creative talent from all over the country while simultaneously promoting social consciousness.

Over 8 years, the entire team at PURNAM has had an enriching and fruitful experience which has yielded both personal growth and satisfaction in having contributed meaningfully to society. Today, PURNAM endeavours to further broaden its reach by joining hands with like minded-partners in cities across India.

Read the rest of this entry

In India more money is spent in advertising than on quality of the product

Yes, because people believe that, to survive in today’s competitive world, it is a must people should remember the product, hear more about it and see more about a product, if it needs to be sold or purchased. So all the importance is given to the advertisement of a product, than to improve the quality of the product. Every day the market is flooded with new kind of products, people have wide choice, either in quality or in quantity. So, it has become natural to give more importance to advertising.

If we look back to the olden days, there were few products to choose from and those that were there in the market were qualitative products, people had no second thoughts in their minds to choose a product. The company or the organizations offering products also stood up to the expectations of the people. But things are quiet different now, today there is cut throat competition, in every field and even more in the fields concerning the sales of the products.

If there is any thing that matters, it is how the products would move in the market and how sales can be achieved and profits generated. And for all this to happen, the product should be more and more in the memory of the consumer, the more in his eyes and ears the product will be, the more the sales will be. This formula is right, the consumer purchases a product once on a trial basis, after seeing or hearing an add. But he will come back to buy the same product, only when he is satisfied with the quality. This is the ground truth, advertising does help sales of a product for the first time or in the initial stages, but if one is looking for a long term sales of a product, definitely, quality is what matters.

So, people looking for long term business need to concentrate on quality and people looking for initial business should concentrate on advertising.

Read the rest of this entry

Change is the Key to Success

Most of the persons, in normal course of life, tend to fear change, let it be in the personal life, or professional life. The obvious reason is that, we are not prepared for change, or we expect things to go in a routine and organized way. But in today’s fast moving business world, nothing is routine and organized; you can take it for granted that ‘continuous and ongoing changes will only be the unchangeable thing in the business world’.

Every IT person, and persons in the computer field let it be hard ware, soft ware, networking anything know that learning does not stop and training does not stop. Every time new technological advancement is made, or some new invention is made it affects the entire industry’s structure and everyone has to update himself, otherwise, he will be left behind. Every Doctor now a day’s need to update himself with the invention of new medicines, new machinery at disposal, new and better ways of surgery, treatment, what not everything. Old and fixed things mostly don’t work in today’s business world.

No field is an exception for this rule, so if there is anything that is constant it is only change, and most of the times change is always for better and to prosper. When you are exposed to new working conditions, new situations, new projects to handle or when you seem to face challenges in your field, please don’t forget that, every time you are learning new things, making additions and changes to your work or in the organization, we are increasing our worth in this competitive world.

The more you are exposed to new things, more tough, new and innovative, projects you handle more clients you make, every time all this is increasing your worth as a person and as a organization. So changes in the industry, changes in the business field, make you know where you stand and what yourself worth is as a person and as an organization, this in turn helps you to know your short comings and helps to assess the areas where you can improve. So the best way to look at the changes is to accept them as opportunities, to better yourself as a person and as an organization. The more you are able to cope up the changes, or instead you become the agent for change or become trend setter, more becomes yourself worth, and more self worth means more net worth.

Read the rest of this entry

Su-Kam and Kohler launch Hybrid Solutions

Press Release:

Diesel and Gas Generators for the Indian market
Su-Kam and Kohler launch Hybrid Solutions for the first time in India

New Delhi: Su-Kam Power Systems Ltd., India's most renowned name in the field of intelligent power solutions and Kohler Power Systems, of U.S.A, introduced a truly 21st century range of diesel and gas generator sets at a high profile launch today. Both the companies have entered into a supply, distribution marketing pact and have come up with an idea of Hybrid Solution (Inverter & Genset).


Su-Kam develops intelligent power back-up solutions, engineered to be energy efficient thus resulting in reduction the user's carbon footprint. Kohler India Corporation, understanding Su-Kam’s Business model has now formed a strategic collaboration with Su-Kam, for the first time the concept of customized solution based on Inverter & Genset (Hybrid Concept) is introduced in India. The unique features of the Hybrid Concept are:

• More customization options and shrinking the carbon footprint
• Priority based load sharing between inverter & DG sets.
• Highly efficient and effective under critical power situation.


Under this concept Su-kam has in the past offered customized solution for Bharti Wall Mart (Easy Day Outlet).

The Genset which is the smallest in its category comes with no external exhaust, forms an ideal power back-up solution. The USP of the product is the graphic user interface which regularly up-date the user on the voltage, frequency & current being supplied to the load. It also prevents blackouts by regularly updating the user on the fuel level, engine temperature, battery voltage, engine oil pressure.

For the market segment interested in Inverter as well as the Gensets, this new range will be a highly attractive option, given the high level of trust reposed in Su-Kam in the energy solutions sector. The first products being launched in the generators range is the 5 KVA Diesel and 14 KW Gas Gensets. Kohler has understood and identified the power crunch in India and sees demand for new and different power products from its current offerings.



Su-Kam, a leader in power back systems in India with presence in 70 countries worldwide, provides an extensive range of power back-up solutions like Inverters, UPS systems, Generators and Solar Solutions. Su-Kam has played an influential role in consolidating and upgrading the inverter industry from the unorganised sector to organised sector, thereby adding immense value to the power industry as a whole. Su-Kam Power Systems, having a robust channel network of more than 12000 dealers and a strong service network of more than 71 service centres all across India, delivers energy solutions to its target segment of consumers faster and much efficiently.


With the recently launched “Su-Buddy on Wheels”, the consumers can now receive faster service at their doorsteps. “Su-Buddy on Wheels” is a unique door to door service concept introduced by Su-Kam all across India, having a fleet of more than 100 service vans. Su-kam with its 2000+ workforce, believes in a work culture that celebrates professionalism, fosters teamwork, nurtures talent and provides ample opportunities for growth while maintaining a healthy work – life balance.


Kohler India Corporation, a wholly owned subsidiary of Kohler Co. formed in 1873 is a private company headquartered in Kohler Wis. United States. Kohler Power Systems is the third largest generator manufacturer worldwide and one of the oldest generator companies in the world. Kohler is a global manufacturer of power generation equipment for residential, industrial, mobile and marine applications, with a power output range of 3.5 kW to 3250 kW. Today, Kohler has taken its rightful place on the leading edge of total solutions for residential, commercial and industrial standby/emergency power, distributed power, recreational power, rental, power for special events and more.


For Further Information Please Contact:
Atul Malikram
9827092823

Read the rest of this entry

Industrial Growth in India: An Overview

India is now covering a well diversified industrial sector - the entire range of consumer, intermediate and capital goods industries. The story of the commodity composition of India’s foreign trade narrates the progress of the industrial growth in India.

The future of Indian economy has been depending on the sea changes in the rapid industrializations in India. The growth of industries in India during the post independence has played a major role in shaping the current India economy position, which resisted the biggest global slowdown and economic crisis.

The advancement of technology and Information Technology has pushed further the industrialization progress in India especially after 1980s. The boom of Indian IT sector is the biggest bliss for the industrialization in India, as from the core industries – navaratna companies, PSUs to small scale industries made a huge progress.

India could achieve self-sufficiency in consumer goods sector too, as the FMCG companies too booming in India and have been contributing a lot to the Indian industrialization. The infrastructure including Research and Development capabilities, consultancy and design engineering services, project organization services helped too Indian industries too reach the top position.

Of late, the contribution of the mining, manufacturing and electricity has not been at the peak but these three components of industrial production might sign again. The index of production in mining was increased from 125.5 per cent in 1993-94 to 139.6 in 2002-03, which was the biggest rise.

The manufacturing moved up to 183.1 per cent from 148.8 during the same period. Another recession sort of situation across the globe would weight high on the Indian economy this time and ultimately the industrial growth rate may be affected.

Read the rest of this entry

Orissa Govt asks Posco to give up 300 acers of Private Land

In a significant development, the Orissa Governmnet has asked the Posco, the South Korean company to give up private land of 300 acres Dhinkia village. The proposal of Posco's setting up a steel plant in Jagatsinghpur district has been protested and opposed by the local people. Even the opposition parties have also objected the state government over this issue.

Even the villagers are opposing for the project because it will hamper the agricultural production in Orissa.The objection for acquisition of 300 acers of land to set up the Steel plant – Posco was decided in a meeting held by Naveen Patnaik with the Member of Parliament and legislators from Jagatsinghpur. The proposal for set up of this project is still in process. Posco has not reached it’s destination till now.

Read the rest of this entry

Index of Industrial Production - IIP Rises in January 2010

New Delhi: The Index of Industrial Production (IIP) has been increasing and it was recorded at 16.7 per cent in the month of January 2010. The IIP was went to negative slope last year. The growth of the IIP is considered as outstanding of the Indian Economy. The IIP was at around one per cent in January 2009. The economic slowdown had cracked down all most all the sectors.

The revival of the IIP from the clutches of the economic slowdown is indicating the shining India and the economy as well. The manufacturing sectors has been in sluggish through out the last year, now the sectors has been back on track again.

Read the rest of this entry

Aptech Ltd Takes Over MAAC for Rs 76-crore

Business News This Week : Aptech Ltd the major IT trainer and education provider of India, has reportedly acquired Maya Academy of Advanced Cinematics (MAAC) for Rs. 76 crores. Ninad Karpe, the CEO and MD of Aptech's, briefed media over the acquisition in Mumbai to the media persons.

Maya Entertainment Ltd (MEL)is the parent company of MAAC. The acquisition would be advantageous for the shareholder of Aptech Ltd. However, the Aptech has not disclosed about the benefit to its shareholder over the recent acquisition. MAAC has been providing computer education in 3D animation and visual effects. Maya Entertainment Ltd was found in 1996.

Read the rest of this entry

Are You in Favor of Disinvestment of PSUs?

Business News This Week : The disinvestment of Public Sector Undertakings (PSUs) is the major concern and core subject of any economy. When question comes of choosing the best between 'profit' and 'loss', obviously an investor, businessmen or common man, decides to go for profit. Here the puzzle beings - whether disinvestment is at all required. In order to keep the PSUs  in fit and strong to face the competition market, the investment of the stake is essential.

On the other hand, sick PSUs should also be taken proper case while going for disinvestment. Many things including the interest of the employees working-in. In a mixed economy, the share of profit is not only the task, it also invovles the welfare theory. Disinvestment is proper but not at cost of the welfare measures. The disinvestment is good for a healthy competition and protect the domestic industries.

It is very interesting to know about the methodology of disinvestment, in includes (sales through):

1. Capital Market
2. Strategic Sale 
3. Warehousing 
4. Reduction in Equity
5. Trade Sale 
6. Asset Sale/Winding Up 
7. Management/Employees Buy Out
8. Cross Sales 
9. Sales Through Demerger/Spinning Off 
   

Read the rest of this entry

NMDC Board Approves to Divest 8.38 % Govt's Stake

Business News This Week : National Mineral Development Corporation (NMDC) Board on Jan 25 has approved the decision to divest 8.38 per cent of government's stake to the public. NMDC is a public sector undertaking (PSU) incorporated in the year 1958. NMDC is one of the major iron ore producers of India. Its also exporting around 30 million tonnes of irone ore.

NMDC has three mines in Karnataka, Chhattisgarh and Madhya Pradesh, where are its also many operational mines in many other states. The divestment of assets are done in order to keep the PSUs in better conditions and for good functioning. The divestment is the major sources for the capital generation for the PSUs, which can be utilized for various reasons.

Read the rest of this entry

Companies to Hike Salaries?

It is believed that the recession is going to end in next couple of months. It was almost a year, companies have gone through the hard time of recession. The impact of the recession was high and weigh high on employees and their salaries. Many experts believe that the market is being recovering from the recession.

The recession was the tough time for companies and economy as well. The job cut and lay-off were routine part of life and people habituated with those words. Now the recession slows down and the time for recover from the hard time.

The chances of getting jobs become brighter of late. There is reduction in the job less in the market. There is ray of hope for the recent passed students those entered in the job world. But the competition would be high and all need to stand by their best protection in this unsecured world.
On the one hand the economy is recovering from the recession and companies firmly stabilizing their presence in the market. There are also chances of the getting hike in the salaries, as companies are interested in the revising the pay structure and plan to give some more relief to employees those had witnessed the hard time.

Read the rest of this entry

Industrial growth in India: An overview

The industrial growth in India is very impressive. Post independence era in India has witnessed the sea change in the industrial growth. Various models were adopted in India for the rapid industrialization.

The government came with various industrial polices in order to build strong industrial base in India. The Industrial Policy Resolutions of 1948 and 1956 can be said as foundation for industrial policies in India. These resolutions involved heavy investments in basic and heavy industries besides those in consumer goods industries.

As a result of efforts for rapid industrialization, a firm industrial base has been achieved. Industrial production grew by about five times and India now is the tenth most industrial country in the world. India now has a well-diversified industrial sector covering the entire range of consumer, intermediate and capital goods industries.

The progress the country has made in the respect of industrial sector is clearly reflected in the commodity composition of India’s foreign trade. The share of imports of manufactured goods in foreign trade has steadily declined, while industrial products, particularly engineering goods have become a growing component of India’s exports.

Further, the rapid progress in industrialization has been accompanied by corresponding growth in modern and sophisticated industries and also for planning, designing and construction of such industries.

India could achieve self-sufficiency in consumer goods. Growth of basic and capital goods industries has been particularly impressive. India can now sustain the failure growth of key sectors of the economy primarily through domestic production, with only marginal imports. Further, the infrastructure including Research and Development capability, consultancy and design engineering services, project organization services and innovative capabilities to improve and adapt technologies to suit the domestic factor endowment had shown an impressive record of progress.

During the Third plan period, but for the concluding year of the plan period, the annual growth rate exceeded 8 per cent. The average annual growth rate during the period was 8.22 per cent. During the subsequent three annual plans the growth rates fell significantly, except during 1968-69 when the growth rate was 6.7 per cent.

The period was marked by low growth rates, the average growth rate for the period being 2.83 per cent. The industrial growth rate during the period (4.4 per cent) was significantly lower than that during the Third Plan period (8.22 per cent).

The industrial growth performance during the Fifth plan was significant improvement over the proceeding years after the Third plan period. The average growth rate during Fifth plan period was 6024 per cent. During the period highest growth rate was recorded during 1976-77 at 9. 5 per cent. Subsequent to the fifth plan, the growth rate recorded during the annual plan 1979-80 was negative i.e., -1.6 per cent.

During the sixth plan the industrial sector not only recovered but registered an annual growth rate of 5.9 per cent. During the subsequent Seventh Plan (1985-90) the industrial growth proceeded at a substantial rate and average annual growth rate during the period was 8.5 per cent, the highest growth rate achieved since the end of the Third Plan.

Read the rest of this entry

Private sector banks will be forced to cut lending rates: FM

Finance Minister P Chidambaram on Tuesday said private sector banks will be forced to cut lending rates sooner than later due to competition from public sector counterparts.

Read the rest of this entry