Innovation a must for 'Make in India': Lahiri

Pune, 30 Sep 2015 – Industry, academicians and students need to pursue innovation to meet the challenges of the future. Those wishing to make their mark should aim at the basic problems and find their solutions. As a center of education and industry, there exists large pool of talent in Pune which is why the city can become a innovation hub as well. Encouraging innovation is a must to make 'Make in India' campaign a success. This was the inference drawn from a day-long conference involving industry experts, academicians and student on Saturday.

The conference, titled CII Innovation Meet and an initiative of CII Pune Industry-Institute-Interface (I3) Panel, was held at the Army Institute of Technology (AIT) in association with Confederation of Indian Industry (CII). The faculty members of engineering colleges, industry representatives and student community attended the meet in large numbers. The event also had a project exhibition of students who were later given awards for their projects. In all, 47 projects were showcased in the exhibition of which 13 were from AIT.

Those speaking at the occasion included Brig (Retd) S K Lahiri, Director Army Institute of Technology and Convenor, CII I3 Panel, Dr. Parag Kulkarni, industrialist and consultant, Dr. B B Ahuja, Officiating Director of College of Engineering, Pune and Ajay Sharma, Associate Vice President, Bharat Forge while Air Commodore (Dr) Sanjay Kumar, Raman Kumar, founder chairman, Ador Welding Academy Pvt. Ltd., Shrikant Bairagi, convenor, CII Pune MSME Panel, Datta Kuvalekar, Director, Forbes Marshall Pvt. Ltd., Siddharth Jagtiyani, founder, Chief Technical Officer, McruiseOn, G S Kalsi, CEO, Continuity1 spoke in a panel discussion on 'Design Your Thinking to Future'.

In his inaugural address, Brig. (Retd.) Dr. S K Lahiri said, “An innovation begins with curiosity and 95 percent innovation is incremental. In AIT, we are preparing our students for skill which industry itself has not adopted. We have industry sponsored inter-disciplinary projects and an incubation center is started this year. As a result, nine patents have been filed so far from AIT and 5 out of them were by students.” He detailed out various measures to encourage innovation in students and said that Pune has so much talent that there was no reason why we can't promote a culture of innovation.

Dr. Kulkarni said, “Innovation is the creativity at work which keeps the stakeholders motivated. Knowledge is voluntary and not conscripted. We teach the students everything but not the thinking. Can we teach the students to think?” He also said that the Innovation begins with the problem and the reason we have less innovation is that we are trying to treat manifestations and not the basic problems.

Dr. Ahuja gave out an outline of various steps taken in COEP to allow students and faculties to have innovate ideas. He said, “Innovation is for everyone. Successful innovation is about creating value. Innovation is necessary for survival in the globalized world. The new age challenge for all faculty is to prepare students for jobs that do not exist today”

Ajay Sharma focused on the needs of defense industry with regard to innovative products. He said, “There is lack of environment for innovative ideas in India but things are changing now. In defense, it is more important to be innovative to be ahead of others because many technologies are shared by other players. India has many security threats and we need an unified organization to assess these threats and face them. We need an organization to look at the innovative ideas as products.” As a solution to increasing the innovation in product making, he advised that practical oriented learning should be promoted.

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Orient Electric bags ‘Make in India Awards for Excellence – 2015’

Orient Electric, part of the diversified Indian conglomerate CK Birla group, has bagged the prestigious ‘Make in India Awards for Excellence – 2015’ in the Consumer Electrical Products category at a grand ceremony held last week at Mahatma Mandir, Gandhinagar in Gujarat in presence of Sh. Kalraj Mishra, Hon’ble Minister, Micro, Small and Medium Enterprises (MSME). The award ceremony was attended by Ministers from State & Central Government, senior government officials and renowned industrialists from Gujarat.

Rakesh Khanna, Chief Executive Officer at Orient Electric expressed his delight and cited, “It’s truly an honour to receive this award. At Orient Electric, we believe in ‘Make in India’ and understand the importance of indigenous manufacturing in economic development of the nation. We are today the largest manufacturer of fans in India and we are also the largest exporter exporting to over 30 countries having a share of 60% in fan exports.

We take pride in our in-house R&D capabilities, spirit of continuous innovation and manufacturing prowess. We are amongst the very few who have started producing the LED range of lighting in India with standards comparable to the best in the international markets. We have state-of-the-art manufacturing facilities based in Kolkata, Faridabad and Noida manufacturing Fans, Lighting & Switchgears.”

He further added, “Following the brand vision of ‘Switch to Smart’, Orient Electric is committed to manufacture cutting-edge lifestyle electrical products that meet the needs and expectations of evolving Indian consumers. We have already earned the status of being one of the India’s most trusted brands in the year 2014, and this new recognition further serves as a testimony to Orient Electric’s commitment to deliver the best to the consumers. “

The Make in India Awards for Excellence is a unique initiative that recognizes valued contributions enabling India to establish its position as a global leader. It honours the contributions of companies, organizations, institutes and individuals who have shown exceptional performance and growth in their respective areas of interest.

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Infor Reports Q1 License Revenue at Double-Digit Growth

Infor, a leading provider of business application software serving more than 73,000 customers, announced on its quarterly Lender Update Friday, September 12, that fiscal 2015 Q1 software license fees and subscriptions revenue increased 22 percent at actual currency rates and in constant currency1 compared to its fiscal 2014 recast Q1.

Non-GAAP Q1 license fees and subscriptions revenue2 increased 21 percent at actual currency rates and 20 percent in constant currency driven by strong license sales and continued momentum in software-as-a-service (SaaS) in the first quarter of Infor’s fiscal year 2015. The areas of performance that showed the most momentum were the result of the continued drumbeat of Infor 10x product releases including Infor CloudSuiteTM, which was announced in March of this year.

Bookings of SaaS subscription licenses more than doubled from the same quarter in FY14. This marked the first full quarter of sales for Infor CloudSuite, the first group of industry-specific application suites available on Amazon Web Services’ (AWS) cloud.

Since its announcement in March, Infor has delivered CloudSuites for Automotive, Aerospace &; Defense, Hospitality, and Industrial Manufacturing. Infor now has more than 25 million users of its cloud applications.

This week at Inforum, its annual user conference with more than 7,000 registered attendees, Infor will unveil Infor CloudSuite Healthcare, a particularly important industry for Infor, whose products automate approximately 90 percent of the 25 largest U.S. healthcare delivery networks, and Infor CloudSuite Business, a general business management solution for midsize companies.

“The last three-and-a-half-years have truly marked the rebirth of Infor. We’ve evolved our product suite at an unprecedented pace and spent more than a billion dollars on engineering to deliver beautiful software, purpose-built by industry, on a modern platform,” said Charles Phillips, CEO of Infor.

 “The strong results of our first quarter are only the beginning, over the next 12 months Infor will deliver a step-change in business software with our next enterprise release, Infor Xi, which is built for the cloud, using mobile-first design, and engineered with science to embrace machine-learning and big data analytics for midsize companies to multinational enterprises.”

Infor’s vertical approach, delivering industry-specific software that significantly reduces costly customization through built-in feature-rich functionality, continues to contribute to strong growth. In this quarter, Infor experienced double-digit growth in many of its primary business units, including Public Sector, Healthcare, Human Capital Management, CRM, and Financial Management.

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About Infor

Infor is fundamentally changing the way information is published and consumed in the enterprise, helping 73,000 customers in more than 200 countries and territories improve operations, drive growth, and quickly adapt to changes in business demands. Infor offers deep industry-specific applications and suites, engineered for speed, and with an innovative user experience design that is simple, transparent, and elegant. Infor provides flexible deployment options that give customers a choice to run their businesses in the cloud, on-premises, or both. To learn more about Infor, please visit www.infor.com.

Infor customers include:

• 19 of the top 20 aerospace companies
• 10 of the top 10 high tech companies
• 10 of the top 10 pharmaceutical companies
• 22 of the 25 largest U.S. healthcare delivery networks
• 16 of the 20 largest US cities
• 20 of the top 20 automotive suppliers
• 17 of the top 20 industrial distributors
• 16 of the top 20 global retailers
• 4 of the top 5 brewers

Forward-Looking Statements

This press release contains forward-looking statements that state Infor’s intentions, beliefs, expectations, or predictions for the future. Forward-looking statements often include use of the future tense with words such as “will,” “may,” “intends,” “anticipates,” “expects” and similar conditional or forward-looking words and phrases. These forward-looking statements are neither promises nor guarantees, but are only predictions and may differ materially from actual future events or results. Such statements are subject to risks and uncertainties that may cause actual results to differ materially from those in the forward-looking statements. Infor undertakes no obligation to update or revise the information contained herein.

Important factors that could cause a material difference between these forward-looking statements and actual events include, among other things: our ability to increase revenues from new license sales and retain existing customers; whether we are able to complete and deliver products and services within required time frames and budgets to meet increasingly competitive customer demands and performance guaranties; risks inherent in fluctuating international currency exchange rates in light of our global operations and the unpredictable effect of geopolitical world and local events; our ability to manage expenses effectively and maintain profitability; our ability to achieve revenue from products and services that are under development; the competitive environment in which we operate and resulting pricing pressures; and whether the anticipated effects and results of our new product offerings and successful product implementation will be realized. These and other potential risks and uncertainties that relate to Infor and its business and operations are summarized in more detail from time to time in our filings with the United States Securities and Exchange Commission. Please refer to Infor’s most recent quarterly and annual reports available through the website maintained by the SEC at www.sec.gov for more information on the risk factors that could cause actual results to differ.

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Highest Paying Occupations in India

The main criteria in choosing a career for any person are its rewards and returns in terms of money. There are many professions and careers and there are also many of number of people each choosing a different one. But for those who are in the starting point of choosing a career it would be always helpful to know what are the most highly paid occupations. Eager to know them let us check them out.

1. Software Engineer: There has been a huge growth in this sector and the rewards and returns in monetary terms are also high. Starting from CEO to the team leader and the development managers all earn huge packages. Apart from these soft ware engineers and programmers also earn very high income.

2. Master in Business Administration: This is the most sought after and the most rewarding in terms of money in the present time. And if the candidate is from a reputed and ‘A’ grade Institutions then even a fresher holds the capability of earning huge salary.

3. Air Lines Industry: This industry has seen a huge change in the recent times in India. With the entry of private air lines there has been a huge increase in the employment opportunities. Pilots, Captains, Stewardesses, stewards, air traffic controller and other crew members earn huge amount of salaries.

4. Chemical, electronics and Mechanical Engineering: Engineering has always been a sought after profession or career in India. The earnings in this field are dependent on your skills, innovation, creativity, experience and hard work. Those persons who are dedicative and innovative do well and hold the capability of earning huge pay checks. And if you are a student form the top IIT’s then there is no look back for your career.


5. Medical Career: This is one of the all time rewarding and respectable career. You can be a doctor with the specialization of your choice, or a professor. You can be a nurse or you may even study hospital administration. There are many options all dependent on your learning capabilities. But the earnings totally depend on your skills, knowledge, experience and dedication towards your profession and achievements.

6. Chartered Accountant: This is one of the most fetching careers in terms of money. Every company organization or office needs accountants to look after their accounts. So there are plenty of opportunities, this is also one of the sought after carrier options all that you need to have is liking for numbers and skills in them. A person with good knowledge and experience is sure to earn a handsome pay. And there are many opportunities not only in private field but also in Government sector if you are choosing this as your career.

7. Oil and Natural Gas Corporation: If you are on the lookout for the top most highly paid jobs then your search ends here. Apart from salaries the other benefits such as health, retirement and others are also very high in these jobs.

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All Party Meet Approves Land Bill

In a significant move, the all-party meeting called by ruling party - UPA over the Land Acquisition bill was a big success, as the parties those were opposing the bill have agreed to support in the Parliament.

The BJP had asked suggest to have land leasing policy for setting project on private land instead of land acquisition. The all party meeting called by the government to sort our difference over the bill was ended in happy note which was in the interest of farmers.

The land acquisition has been the major concern for both the land-lords and the companies those have vision to set forth their project on the private lands.

In past many incidents have taken place and most them truned into bloody battle field over the land acquision for setting up projects.

Now the bill would address the concerns for industrialists and farmer over land acquisition. Once the bill is passed in the Parliament, it would be enacted into law, making the process more easier.

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