HP Accelerates Market Share Gains in Networking Worldwide and in Every Region

HP today announced it has achieved market share gains across all networking segments in every region of the world in the first calendar quarter of 2011.

According to a recently issued report by analyst firm Dell’Oro Group,(1) HP Networking continues to grow faster than the market while increasing its revenue market share at the expense of the competition.

Specifically, the report reveals that HP gained 2.5 percentage points worldwide for layer 2/layer 3 Ethernet switching revenue market share in the first quarter of 2011. Cisco’s share fell 5.8 points in the same period.

HP also gained 2.5 percentage points in router and 2.2 points in wireless local area network (WLAN) revenue market share over the same period,(1) while Cisco’s share declined by 3.1 points in router and 0.4 points in WLAN.

With HP, clients are transitioning to simpler, more flexible and open networks that drive new levels of agility into their enterprise environments. The result is market growth illustrating customer confidence in HP Networking is continuing to accelerate on a global basis.

To further spur HP’s growth in networking, the company has recently introduced the HP FlexNetwork architecture, the industry’s only unified architecture for the data center, campus and branch. A core component of the HP Converged Infrastructure, the HP FlexNetwork architecture unifies network silos by ensuring protocols are implemented consistently across all networked devices throughout an enterprise.

“Customers are telling us that there is a significant sense of urgency to eliminate their inflexible, complex and expensive networks,” said Subhodeep Bhattacharya, Director, HP Networking, HP India. “As our market share gains demonstrate, customers around the world are choosing HP to create networks that are more flexible and easier to manage – better preparing them to adapt to cloud and other dynamic computing models.”

Other HP highlights of the recent Dell’Oro Group report include:

— Solidified No. 1 position in the smart managed switch category with 34 percent market share and a 13 percentage point lead over the second-place vendor.(2)

— Strengthened No. 2 position in switching and router markets, both in revenue and unit share, with 12 percent revenue and 20.2 percent port share in switching, as well as 5.5 percent revenue and 10.3 percent unit share in routers.(1)

— Gained switching revenue share year over year in all regions: 1 percentage point gain in North America; 2 points in Europe, the Middle East and Africa; 6 points in Asia Pacific and Japan; and 4 points in Latin America.(1)

— Outpaced the market in switching revenue share growth in the Asia Pacific and Japan region during the period, growing from 14.6 percent to 20.1 percent, and in Latin America, which grew from 12.6 percent to 16.1 percent over the same period.(1)

— Outperformed the market in switching, routing and WLAN categories during the two years since the first quarter 2009.(1)

More information about HP Networking solutions is available at www.hp.com/networking.

HP Converged Infrastructure is key to an Instant-On Enterprise. In a world of continuous connectivity, the Instant-On Enterprise embeds technology in everything it does to serve customers, employees, partners and citizens with whatever they need, instantly.

About HP

HP creates new possibilities for technology to have a meaningful impact on people, businesses, governments and society. The world’s largest technology company, HP brings together a portfolio that spans printing, personal computing, software, services and IT infrastructure at the convergence of the cloud and connectivity, creating seamless, secure, context-aware experiences for a connected world. More information about HP (NYSE: HPQ) is available at http://www.hp.com/

TI announces industry's smallest, fully integrated 16-bit ADC

Texas Instruments Incorporated (TI) today introduced the industry’s smallest, 16-bit delta-sigma analog-to-digital converter (ADC) with integrated programmable gain amplifier (PGA), reference, temperature sensor and 4-input multiplexer. Measuring 2 mm x 1.5 mm, the ADS1118 is more than 65-percent smaller than any other 16-bit ADC available today. The ADS1118 provides direct, linearized measurements with uncalibrated error guaranteed below 0.5 degrees Celsius (C) from 0 degrees C to 65 degrees C, a 75-percent improvement over the competition. It is also the lowest-power 16-bit ADC with a built-in internal reference supporting data rates up to 860 samples per second/ For more information and to order samples, visit www.ti.com/ads1118-pr.


Key features and benefits of the ADS1118

• Integration reduces overall solution size: Integrates a 16-bit ADC, PGA, temperature sensor, low-drift reference and 4-input multiplexer for data acquisition of multiple signals from a wide variety of sensors.

• Small size saves board space: Small QFN package option enables close proximity to sensors, lowering component count by simplifying cold junction compensation for thermocouples.

• Low power extends battery life: Supports 2.0-V to 5.5-V power supplies while consuming only 150 uA (typical) to extend the battery life of portable, battery-powered industrial devices for temperature measurement, gas monitoring, industrial process control, instrumentation and more.

• Provides a complete data acquisition solution when paired with an MSP430™ microcontroller.



Tools and support

TI offers a variety of tools and support to speed development with the ADS1118, including an IBIS model, anti-aliasing filter tool for data converters and op amp to ADC circuit topography calculator. Engineers can also ask questions and help solve problems in the Precision Data Converter Forum in the TI E2E™ Community.



An evaluation module (ADS1118EVM), including software and source code, is available today for a suggested retail price of $49.





Availability, packaging and pricing

The ADS1118 is available now in a 5-mm x 3-mm MSOP package. Samples of the 2-mm x 1.5-mm QFN package are also available today with production quantities expected in December. Both package options are priced at $2.22 in 1,000-unit quantities.



Learn more about TI’s precision data converter portfolio by visiting the links below:

• Order ADS1118 samples: www.ti.com/ads1118-pr

• Order the evaluation module: www.ti.com/ads1118evm-pr

• Download the data sheet: www.ti.com/ads1118ds-pr



# # #

About Texas Instruments

Texas Instruments semiconductor innovations help 80,000 customers unlock the possibilities of the world as it could be – smarter, safer, greener, healthier and more fun. Our commitment to building a better future is ingrained in everything we do – from the responsible manufacturing of our semiconductors, to caring for our employees, to giving back inside our communities. This is just the beginning of our story. Learn more at http://www.ti.com/

Akamai¹s ŒState of the Internet¹ Highlights the Challenges and Opportunities for Internet Penetration and Broadband Adoption in India

Akamai Technologies, Inc. (NASDAQ: AKAM), the leading provider of cloud optimization services, today released its 1st Quarter, 2011 State of the Internet report. Based on data gathered from the Akamai Internet platform, which carries between 15-30 percent of the world’s Web traffic at any one time, the report provides insight into key India statistics including number of IP addresses, attack traffic, average connection speed and broadband adoption.

Highlights on India from Akamai's 2011 first quarter report:

Internet Penetration



In the first quarter of 2011, approximately 7 million unique IP addresses from India connected to the Akamai Internet platform. This equates to 6 unique IPs per 1,000 people on average and represents 21 percent more IP addresses than connected in the fourth quarter of 2010. China had 73.5 million unique IP addresses, growing at 9.4 percent quarter over quarter and the United States had 142.6 million unique IP addresses, growing at 3.9 percent quarter over quarter, connecting to Akamai during the same period.

Connectivity & Speed

In the first quarter of 2011, the average connection speed from India was 0.8 Mbps, growing at 0.7 percent quarter over quarter. China averaged a connection speed of 1.0 Mbps, while the United States averaged 5.3 Mbps. The percentage of narrowband connections from India (speeds below 256 kbps) was at 35 percent, while the percentage of broadband connections (speeds above 2 Mbps) was at 4.9 percent.


As a result of Akamai’s recently announced partnership with Ericsson, the report now includes data collected by the equipment provider. In total, overall mobile data traffic as measured by Ericsson experienced 130 percent yearly growth in the first quarter, and is now more than double the volume of voice traffic.


Attack Traffic



Latest findings show significant change in Q1 2011 as it relates to the source of attack traffic. India was ranked #7 globally for attack traffic origination, and was the source of 3.8 percent of the observed attack traffic. Among other changes, the United States rose from 5th to 2nd, accounting for 10 percent of observed global attack traffic. Russia dropped into 4th place, accounting for 7.7 percent of global observed attack traffic, down from 10 percent in the previous quarter.


Commenting on the report, Sanjay Singh, Managing Director - India, Akamai Technologies, said, “Our global platform of nearly 100,000 servers, in 74 countries, across 1000+ networks, provides us with a unique vantage point of Internet adoption in India and allows us to compare data with other developing and developed countries. The number of unique IP addresses connecting to our platform from India grew by 21 percent in Q1. India is clearly at the cusp of a mobile data explosion and it will be interesting to track how the newly launched 3G networks will shape the trends in the coming quarters.”


With the State of the Internet report entering its fourth year of providing quarterly analysis, Akamai has released a new data visualization tool showcasing trends by geography in several measured categories. The tool allows users to generate and download graphs highlighting average connection speed, average peak connection speed, and high broadband/broadband/narrowband adoption rates. In addition, the online tool offers quick, easy and customized views of trend data since the report was first published at the beginning of 2008.

About the Akamai State of the Internet report

Akamai’s quarterly State of the Internet report is based on data collected from the globally-distributed Akamai Internet Platform, carrying as much as 30 percent of global Web traffic on any given day, and with servers located in 650 cities, 74 countries and deployed within approximately 1,000 of the Internet’s most important networks.


To learn more, and to access the archive of past reports please visit www.akamai.com/stateoftheinternet.


To download the figures from the Q1 2011 State of the Internet report, please visit:
http://wwwns.akamai.com/soti/soti_q111_figures.zip

iCMG Architecture Excellence Awards 2011 announced in Bangalore, India

22 companies from around the world walked home with Global Awards for Enterprise Architecture Excellence amidst enough fanfare at the Architecture Excellence Awards 2011 organized by iCMG, a Global Enterprise & IT Architecture Firm.

Among the global companies that won awards were Northrop Grumman, USA and Intel Corporation, USA who shared the award in the Customer Oriented Business Models, Dutch Immigration & Naturalisation Service, Netherlands and Singapore Ministry Of Defence, Singapore for Business Process Management, COX Enterprises, USA and Dell, USA who shared the award in the Acquisition and Mergers category, Dubai Customs, UAE and MOH Holdings, Singapore in the Transformation and Planning category, The Hartford, USA and Brisbane City Council, Australia for Architecture Governance, The GAME Group plc for the SOA Vision for Enterprise Services, Realmdigital, SA for the Open Source Technologies, Protestant Church in the Netherlands for the IS Security Architecture, Lloyds Banking Group, UK for the IT Landscape Rationalization and Deutsche Bank, UK for Best Green Architecture.



Vodafone Essar Limited bagged the ‘Growing business in new territory or new service offering’, ICICI Bank Limited bagged the award in the ‘Business Intelligence and Analytics’ category, MTS and SWOne Ltd. UK Shared the award in ‘Future IT’, SBI General Insurance and CSX Corporation, USA Shared the award in ‘Enterprise Architecture’ while Tesco Hindustan Service Center walked away with the ‘IT Service Management’ award.

The iCMG Architecture World 2011 John A. Zachman Enterprise Architecture award is bestowed upon Amar Kumar Pandey in acknowledgement and appreciation of his innovative employment of Enterprise Architecture concepts in Criminal Investigation:

Speaking on the occasion, the global guru and father of Enterprise Architecture, John Zachman said, “ I happy about the way Amar Kumar Pandey has used the principles in extracting elementary components (Primitives) of criminal events and creating and employing feasible scenarios (Composites) for analysis, evaluation and action”.


“iCMG Hall of Fame” for 2011 was conferred to Mr. Steve Towers, a global guru and expert in the area of Business Process Management and Performance Transformation.


“The idea behind ‘Architecture Excellence Awards’ is to honor architects & enterprises whose work demonstrates a combination of talent, vision & workmanship, which are creating successful and enduring systems & enterprises. The international awards will be awarded each year to architects and organization for significant achievements, during the “iCMG Architecture World conference,” apprised Sunil Dutt Jha, Chief Architect & CEO, iCMG.



Though this is the second year the awards have been instituted, we received more than 100 entries from across 21 Countries. After carefully analyzing the nominations, it’s interesting to note that architecture practices are not restricted to a specific vertical or industry. This is quite evident as the nominating companies belong to over 16 plus industries. said Mr. Jha.



The jury for the awards consisted of working professionals in the industry, all of whom have years of experience in managing complex IT systems & enterprises like Steve Towers, Author, Founder & CEO, BP Group, Manoj Srivastava, Director-IT, MTS India, J P Zachman, Vice President of Marketing, Zachman International Inc, Jaap Schekkerman, EA Thought Leader, Liz Gallacher, Principal Consultant iCMG, Stephen F. Heffner, Software Inventor, Entrepreneur, Educator, Roger Cutts, Principal Consultant iCMG, Johan de Wit CEO, Nuphar BV Associate director CIOnet - the Netherlands, S Janardhan, CTO, ITC Infotech, Jim Heaton, Chief Architect - Baker Hughes, Len de Villiers, Group CIO - Absa Bank, South Africa, Shirish Patwardhan, CTO, KPIT Cummins, Jon Kern, Agile Manifesto Co-Author, Co-Founder TogetherSoft, David Gilmour, Principal Consultant iCMG, Peter Presland-Byrne, Chief Architect, Bank of America and Sunil Dutt Jha, Chief Architect & CEO, iCMG

The awards were interspersed with a spectacular dance performances from different parts of India, specially commissioned for the awards night.

Q1 results of Vijaya Bank

Q1 results of Vijaya Bank

 

HIGHLIGHTS

 The Bank clocked total business of Rs.127000 crore

 Interest income reached all time high of Rs.1785 crore

 Operating profit improved to Rs.326 crore

 Deposits increased by 21%

 Advances increased by 22%

 Yield on advances improved to 11.31%

With Deposits of Rs.75877 crore and advances of Rs.51130 crore, business mix of Vijaya Bank reached Rs.127007 crore as on 30.06.2011. With focus on retail, NPA management and improving fee based income, the Bank envisages to post decent all round growth in the days to come, said Mr. H S Upendra Kamath, Chairman and Managing Director of the Bank.

Interest income of the Bank for the 1st quarter of 2011-12 was Rs.1784.96 crores against Rs.1349.53 crore for the corresponding period of the previous year. Operating profit of the Bank improved to Rs.325.51 crores against Rs.314.26 crores for the corresponding period of the previous year and Rs.110.00 crores for the immediately preceding quarter. During June, 2011 quarter, the Bank made provision towards NPA of Rs.154.28 crores of which Rs.108.37 crores is due to the increase in the minimum provisioning requirement by Reserve Bank of India. Further, due to firming up of interest rates, the Bank had to provide Rs.76.60 crore towards MTM losses in respect of investments. In spite of this, the Bank posted net profit of Rs.72.22 crores for the quarter. Yield on advances improved to 11.31% from 9.84% ie., by 147 bps.



Capital to Risk Weighted Assets Ratio (CRAR) stood at 13.04% (Basel-II) with Tier I ratio at 9.36% and Tier II ratio at 3.68%. CRAR of the Bank is well above the minimum stipulated level of 9% by Reserve Bank of India.



Total advances of the Bank as on 30.06.2011 increased by 22% over the position as on 30.06.2010 and 3.80% over the position as on 31.03.2011. Advances of the Bank include Priority Sector advances of Rs.15071 crores which recorded an increase of 8.05% (Y-o-Y). While agriculture advances improved to Rs.5523 crore registering a growth of 10.17%, MSME advances increased to Rs.7669 crores registering considerable growth of 46%. Advances to weaker section constitute 7.69% of ANBC and loan to Women constitute 5.73%. Education loans extended by the Bank reached Rs.607 crores registering a growth of 11.17%.



Major developments during the quarter:



• Total ATMs installed by the Bank reached 552.

• V-Insta debit card has been launched.

• E-term deposit launched.

• Expanded the ATM-cum-Debit card base to over 16 lakh cards

• Corporate Agency arrangement with LIC of India for distribution of Life Insurance products

• Revamped Retail Asset Centralized Processing Cells along with opening of SME cells for improvement of retail credit both in terms of quantum and quality





GUIDANCE - MARCH 2012

1. Bank aims to reach a business level of Rs.153000 crore, with a y-o-y growth of about 25%.

2. To sustain the tempo of credit growth with focus on retail.

3. Revamped RACPCs and newly opened SME cells to give added thrust to retail asset growth.

4. Increased focus on improving the CD ratio further with emphasis on quality business.

5. Continued thrust on maintaining the yield on advances by encouraging retail lending, credit to SSI/SME segment, agriculture and infrastructure sectors.

6. Focus on fee based income.

7. Net NPA to be contained within 1%.

8. Special campaign for adding retail clients both on assets and liabilities side.

9. Emphasis on mobilizing low cost deposits / core term deposits to improve share of low cost deposit and to reduce the dependence on bulk deposits.

10. To restrict addition to Non Performing Advances and continuous monitoring of HC-2 and Non Performing Advances to achieve maximum recovery as well as up gradation.

11. Control on operating expenses and elimination of avoidable expenses.

12. Better management of cash holdings and bank balances.

13. Focus on increasing treasury profits from Forex and Domestic segments and through derivatives trading.

14. Improving productivity through faster technology penetration, redeployment of staff to new branches, marketing new products and services to the expectations of the customer requirements.

15. Efforts towards Brand Building exercise

Lenovo Launches M60e - one of India's First Microsoft Compatible RUPEE READY Desktop PCs

Lenovo India, a frontrunner in product innovation, has introduced the Lenovo ThinkCentre M60e – one of India’s first Desktops with the Rupee symbol on its keyboard which is Microsoft compatible. Lenovo will incorporate the rupee symbol in all its products in the next few months. This initiative is in line with the Government of India’s regulations for PC manufacturers to make the new Rupee Symbol a standard introduction in all PCs sold in India.

To make this feasible Lenovo’s technical teams from India and US worked closely with Microsoft in designing a user friendly software solution for enabling the new Rupee symbol as stipulated in the BIS (Bureau of Industry Standards) guidelines.

Incorporating the rupee symbol on keyboards is sure to enhance the ease with which PC users utilize various Microsoft software applications – such as spreadsheets, word documents etc; as a result, this will greatly impact the day-to-day business of Indians.

Announcing this launch, Rahul Agarwal, Executive Director - Commercial Business, said “The Rupee symbol highlights India’s critical role in the global business landscape. Lenovo is proud to be one of the first PC players in India to launch Microsoft software compatible rupee ready keyboards. We are in the process of transitioning the entire product range to be rupee ready in the next few months.”

The incorporation of the new Rupee symbol on keyboards will facilitate a wide usage of the symbol and help the Indian Rupee join the elite club of globally accepted currencies like USD, Euro, Yen, etc.

Speaking on the development, Pradeep Parappil, Lead Product Manager, Windows, Microsoft India Pvt. Ltd. said “The rupee symbol lends a distinctive character to the currency and reinforces India’s growing role as a global economic power. We are delighted to have partnered with Lenovo to create one of the first PCs in India with the Rupee symbol!”

The Lenovo ThinkCentre M60e is the latest ‘Think’ Desktop by Lenovo. Carrying forward the ‘Think’ legacy, this ThinkCentre ensures smooth enterprise rollouts. Its ThinkVantage Rescue and Recovery backs up the data at all times and helps recover it in times of crises. Equipped with the Lenovo’s exclusive Windows® 7 Lenovo Enhanced Experience system, it delivers a faster startup and shutdown.

About Lenovo:

Lenovo (HKSE: 992) (ADR: LNVGY) is a $US21 billion personal technology company serving customers in more than 160 countries, and the world’s fourth-largest PC vendor. Dedicated to building exceptionally engineered PCs and mobile internet devices, Lenovo’s business is built on product innovation, a highly-efficient global supply chain and strong strategic execution. Formed by Lenovo Group’s acquisition of the former IBM Personal Computing Division, the company develops, manufactures and markets reliable, high-quality, secure and easy-to-use technology products and services. Its product lines include legendary Think-branded commercial PCs and Idea-branded consumer PCs, as well as servers, workstations, and a family of mobile internet devices, including tablets and smart phones. Lenovo has major research centers in Yamato, Japan; Beijing, Shanghai and Shenzhen, China; and Raleigh, North Carolina. For more information see http://www.lenovo.com/

Lakshmi’s new show on Suvarna - Neena? Naana?

After a series of fresh ideas for reality shows and fictions, Suvarna brings back channel’s highly popular talk show presenter, Lakshmi, for the new weekend show, Neena Naana? Lakshmi’s last show, the highly popular Kathe Alla Jeevana, was one of the most watched programs at 8pm during weekdays.

The new talk show, telecast on Saturdays & Sundays starting from 23rd July, is a platform for common people to voice their point on any issue of concern. Two sides of an issue are presented, debated, and concluded in each episode. Issues like ‘students and studies of yester year generation Vs present generation, vegetarian Vs non-vegetarian, village life Vs city life, spirits Vs spirituality are few of the topics. Apart from common people like housewives and students; critics, writers and celebrities too will be part of the discussions.



“Lakshmi drives the show as an anchor, guide, mentor and a friend to both sides of the participants. Most sensitive issues are debated, analyzed and concluded with Lakshmi’s celebrated analytical and discussion skills. Like Kathe Alla Jeevana, this too will be liked and appreciated by whole family. The show further strengthens Suvarna’s brand promise of delivering family entertainment programs.” says Anup Chandrashekharan, Business Head, Suvarna.

Suvarna stands for fresh and differentiated programming in Kannada. A family entertainment channel that has a lineup of popular programs including Lakumi, Guru Raghavendra Vaibhava, Music Na Superstar, Classmates, Preethiyinda, Bombat Bhojana, Bhavya Brahmanda and Padavaralli Paddegalu.

Neena? Naana? Will be telecast during weekends at 9pm from 23rd July.

element14 doubles its semiconductor portfolio in Asia Pacific

element14 (formerly Farnell), the industry’s first fusion of commerce and community supporting engineers and purchasing professionals worldwide, today announced that it has doubled its portfolio of semiconductor components of its inventory of 130,000 electronic products. element14 now stocks the broadest range of semiconductor integrated circuits in Asia Pacific from leading semiconductor specialists such as Texas Instruments, Analog Devices, National Semiconductor, ST Microelectronics, Microchip and Freescale Semiconductor.

According to research firm Gartner, the worldwide semiconductor capital equipment spending is expected to reach S$44.8 billion in 2011, which is a 10.2 percent increase from 2010. The forecasted growth signify an increased demand for the need to access a wide range of semiconductor solutions that can help engineers in different industries including alternative energy, industrial, medical, automotive and telecommunications.


element14’s semiconductor portfolio which also includes global suppliers such as Altera, Linear Technologies, Vishay, On Semiconductor and NXP, is available via multiple channels with no minimum order quantity and next day delivery to most cities in Asia Pacific. These products will be supported by 24/7 customer service and 24/5 online technical support. Design and maintenance engineers can also visit element14’s online community to access technology information and design solutions such as CadSoft and the element14 knode. Some of the key semiconductor products element14 offers include:


element14 TI MSP430G Mixed Signal Microcontrollers series.tifTexas Instruments’ latest microcontroller series

Semiconductors play an essential role in all electronic applications, such as automated control processes facilitated by microcontrollers. Texas Instruments MSP430G Mixed Signal Microcontrollers series is part of the MSP430 family of ultra low-power mixed signal microcontroller series with built-in 16-bit timer and ten I/O pins. These ultra low-power microcontrollers consist of several devices featuring different sets of peripherals targeted for various applications. These components’ architecture, combined with five low-power modes, is optimized to achieve extended battery life in portable measurement applications.

Newest Analog Devices power management solutions



element14 ADP2138 and ADP2139 Step Down DC-to-DC Converter.jpgPower management is another vital function that semiconductor solutions perform in an electronic system. The latest Analog Devices - ADP2138 and ADP2139 Step down DC-to-DC Converter are highly efficient, low quiescent current, synchronous step-down dc-to-dc converters. The internal discharge switch allows the regulator to either operate in PWM mode. which provides low peak-to-peak ripple for power supply noise sensitive loads or allow the component to automatically switch between operation modes depending on the load current level. This series also features under-voltage lockout to prevent deep battery discharge, and soft start to prevent input current over-shoot at startup, which improves the safety level and the life expectancy of the end products.



element14 Microchip MCP1700 Low Quiescent Current LDO.tifInnovative power management components from Microchip

Microchip’s MCP1700 Low Quiescent Current LDO is from the MCP1700 family of CMOS low dropout voltage regulators that can deliver up to 250 mA of current while consuming only 1.6 μA of quiescent current. The input operating range of 2.3V to 6.0V makes it an ideal choice for two and three primary cell battery-powered applications, as well as single cell Li-Ion-powered applications. These components are robust and versatile solutions for any applications across different fields with its overcurrent limit and overtemperature shutdown.


“The importance of the Asia Pacific region to our business continues to increase because of its growing status as one of the major global manufacturing centres and its mounting demand for semiconductors,” says Edward Ho, Far East Channel Manager, Microchip. “element14’s distribution channels and extensive range of beyond-product services have allowed us to engage this market extensively and ensure that engineers have instant accessibility to our latest high performance solutions to meet their objectives and reduce time to market.”


“Semiconductors are at the heart of all Printed Circuit Boards and they are vital components that determine the performance of end-products,” says William Chong, Regional Director of Supplier, Product & Purchasing Management, element14, Asia Pacific. “Through our partnerships with multiple global leading semiconductor suppliers, we allow engineers to be equipped with nothing but the most advanced and reliable solutions, ensuring improved productivity and fostering product innovations in the region.”

Services Provider Core Services Selects HP to Host Business Applications

HP today announced that hosting services provider Core Services has chosen HP BladeSystem technology as part of an HP Converged Infrastructure to support increased service-level commitments for its global customers.

Based in the U.S. with locations in China and India, Core Services delivers third-party business operations solutions, information systems and support to clients worldwide. A major shift in the managed hosting landscape meant the company needed an infrastructure that could handle new customer demands for cost-effective and energy-saving solutions.


Core Services partnered with The Ergonomic Group (EGI), an HP Elite Business Partner, for infrastructure recommendations to improve application performance and deliver better services. After an evaluation, EGI concluded that Core Services’ current Oracle/Sun infrastructure was unable to meet its customer needs. EGI assisted the company in designing the new infrastructure based on an HP Converged Infrastructure. It also provided guidance with installation requirements and ongoing support of the new architecture for its data centers.



Core Services selected an HP BladeSystem platform to virtualize its environment, which includes eight HP BladeSystem c7000 enclosures, 60 HP BL460 G6 and G7 blade servers, and an HP Virtual Connect Flex-10 Ethernet Module for BladeSystem. The configuration delivers the compute power, energy efficiency and performance per watt required for CPU-hungry Oracle applications.



“We needed to get ahead of a changing curve in the managed services industry with customer priorities shifting to energy- and cost-efficient solutions,” said Bimal Doshi, vice president, Operations, Core Services. “We migrated to an HP BladeSystem environment to make the best use of every watt, hour and dollar so that we can better serve our customers.”



The HP BladeSystem platform, equipped with Intel® Xeon® processors, provides Core Services with an average fourfold reduction in the number of physical servers required. Core Services customers can access its servers with HP Integrated Lights-out (iLO) remote management software, which enables IT administrators and customers to more easily provision servers as well as troubleshoot problems to improve productivity while reducing server management costs.



Core Services also installed HP Virtual Connect, a network module in the HP BladeSystem enclosure that ties LAN and SAN information to the server bay instead of the server. This allows Core Services to add, remove or change servers in minutes, saving hours of delay that would be spent on LAN and SAN coordination. HP Virtual Connect also reduces cabling by 75 percent, from 16 cables per enclosure down to four.(1)

HP Converged Infrastructure is a key foundation of an Instant-On Enterprise. In a world of continuous connectivity, the Instant-On Enterprise embeds technology in everything it does to serve customers, employees, partners and citizens with whatever they need, instantly.

About HP

HP creates new possibilities for technology to have a meaningful impact on people, businesses, governments and society. The world’s largest technology company, HP brings together a portfolio that spans printing, personal computing, software, services and IT infrastructure at the convergence of the cloud and connectivity, creating seamless, secure, context-aware experiences for a connected world. More information about HP (NYSE: HPQ) is available at http://www.hp.com/.

TI’s PowerStackTM packaging technology in volume production

Texas Instruments Incorporated (TI) has shipped nearly 30 million units of its PowerStackTM packaging technology, which significantly boosts performance, lowers power and improves chip densities in power management devices.

“Performance requirements for computing applications are increasing in order to enable more content such as broadband mobile video and 4G communications,” said Matt Romig, analog packaging at TI. “At the same time, there is a need for telecommunications and computing equipment to take up less space. Through a true revolution from 2D to 3D integration, PowerStack enables TI’s customers to meet these demands.”



PowerStack technology’s benefits are achieved through an innovative packaging approach where TI’s NexFETTM power MOSFETs are stacked on a grounded lead frame, using two copper clips to connect the input and output voltage pins. This unique combination of stacking and clip bonding results in a more integrated quad flat no-lead (QFN) solution.



By stacking the MOSFETs in the PowerStack approach, the clear benefit is a package reduction by as much as 50 percent over alternative solutions that position MOSFETs side-by-side. In addition to reducing board space, PowerStack packaging technology provides excellent thermal performance, higher current capability and higher efficiency for power management devices. For details on the benefits of PowerStack, visit ti.com/powerstack.



PowerStack is in volume production today at TI’s Clark facility.

“Clark is our newest, state-of-the-art assembly/test facility in the Philippines,” said Bing Viera, managing director of TI Philippines. “This year, we are further expanding capacity for advanced packaging techniques in Clark, nearly doubling the site’s initial capacity by the third quarter.”

For more information on TI’s manufacturing, visit www.ti.com/powerstack-pr-mfg.

Advancing analog through packaging leadership

PowerStack packaging technology is another example of TI’s innovative approach to packaging that enables further advancements to applications that demand increased power density, reliability and performance at a lower cost. TI has the broadest packaging portfolio in the analog market, built upon decades of packaging expertise and supporting thousands of diversified products, packaging configurations and technologies. To learn more about TI’s leadership in packaging, visit www.ti.com/powerstack-pr-pkg.

About TI's NexFET power MOSFET technology

TI's NexFET power MOSFET technology improves energy efficiency in high-power computing, networking, server systems and power supplies. This high-frequency, high-efficiency analog power MOSFETs gives system designers access to the most advanced DC/DC power conversion solutions available.



For more information on TI’s NexFET™ Power Block vist: www.ti.com/powerblock-pr.



###

About Texas Instruments

Texas Instruments semiconductor innovations help 80,000 customers unlock the possibilities of the world as it could be – smarter, safer, greener, healthier and more fun. Our commitment to building a better future is ingrained in everything we do – from the responsible manufacturing of our semiconductors, to caring for our employees, to giving back inside our communities. This is just the beginning of our story. Learn more at http://www.ti.com/

Tulip Telecom announces Q1 FY12 Financial results, records 20.2 % net profit

Tulip Telecom Ltd. (Tulip), India’s leading enterprise data services provider, today announced its financial results for the first quarter ending June 30, 2011. Tulip posted revenues of Rs. 653.9 cr and a net profit of Rs. 77.1 cr against Rs 64.2 cr in corresponding quarter for the previous fiscal, registering an increase of 20.2%. The company's net sales for the quarter stood at Rs. 653.9 cr against Rs. 525.2 cr for the corresponding quarter in the previous fiscal. The company posted a diluted EPS of Rs 4.75 up 20% over the previous fiscal.

The growth during the quarter was primarily lead by the end-to-end data services offering of the company through its extensive fibre network, further ensuring higher wallet share per customer. The company took significant strides forward in its international connectivity business by adding customers like HDFC Bank & Reckitt Benckiser. The continued focus on Managed Services offering has yielded substantial business traction for the company enabling the company to add customers from diverse sectors. The company further added Karur Vysya Bank, OICL, Matrix Cellular, and Reliance Life Insurance to its portfolio of customers during the quarter.

In a statement, Lt Col HS Bedi, Chairman and Managing Director, Tulip Telecom, said, “In line with our vision, we are seeing a visible shift in our profile from being an Enterprise Connectivity provider to an integrated Enterprise Data Services player. The strategy to provide high quality data solutions and thereby maximize earnings from every customer by servicing their end-to-end connectivity needs is paying off. We are focusing on consolidating the management team with a view to reinforcing service delivery and customer satisfaction levels which we believe will not only enable customer stickiness in the longer run but will also enable us to cement our position as the leading player in Enterprise Data Services market over the next few years.”

Further adding on the operational performance, Sanjay Jain CEO, Tulip Telecom said “The efforts of the last few years have started to yield results and are reflected in the operational and financial performance. We are witnessing robust demand for fibre and we expect this momentum to continue in the future. Managed Services and Data Center segments are also witnessing significant traction. We have reported an improvement in operating margins which is a result of our focus on realigning the business model to enhance efficiency. We believe Tulip is at the beginning of a new phase and we aim to establish ourselves as the leading player in the Enterprise Data Services market in the years to come. We intend to achieve this by deeply mining customer relationships by offering end-to-end data solutions and having a large share of their wallet spend. We are already enthused by the progress so far and are confident of rapid scale up in the future.”



Key highlights for Q1, 2012 include:


Business Highlights:


· Progress towards building world’s 3rd largest Data center in Bengaluru, India is on track. IBM and SCHANBEL were appointed as its partners during the quarter.



· Company is in the process of laying National Long Distance(NLD) fibre of 1200 KM between Mumbai to Chennai



- The route will cover prominent and high bandwidth traffic cities viz Mumbai, Pune Belgaum, Bengaluru and Chennai.



· Company continues to take significant strides in its International Data Connectivity space by leveraging its existing customer base and strong NNI’s with global operators.



· Emerged as a preferred bandwidth provider for R-APDRP projects currently being undertaken by Government of India (GOI). Execution of Uttar Pradesh and Gujarat R-APDRP project well on track.



· Company continues to broaden its product base by creating a strong Managed Services portfolio

Operational Highlights:

* In addition to CARE rating in March 2011, ICRA has reaffirmed its A1 rating of Tulip’s short term Commercial Paper and has issued A+ (Stable) rating for its long term NCDs


Awards and Accolades:


· Tulip attained a leadership position in MPLS/IP VPN Market 2010-11 with a market share of 30.6 percent as per the latest report released by Frost and Sullivan


· Tulip was honored with the Top Indian Company award under the ‘Telecom Equipment & Support Services’ sector by the prestigious Dun & Bradstreet-Rolta Awards 2010 for the third time in row


To view Q1 results, please click on: http://www.tulip.net/

About Tulip Telecom


Tulip Telecom Ltd. (BSE: 532691/NSE: TULIP) is India’s leading Enterprise Communications Service provider. The Company’s data network has the largest reach of over 2,000 locations globally. The Company has a global presence with over 3,565 employees and more than 2,200 customers. Tulip designs, implements and manages communication networks of large enterprises on long term contracts to include enterprise communications connectivity, network integration, managed and value added services.

Brickwork Finance Academy Launches 9 - Month PGP in Finance

Brickwork Finance Academy (BFA), a non-profit organization based in Bangalore, announced the launch of its flagship Post Graduate Program in Finance (PGP). BFA’s PGP is for working people aspiring for a career in finance. It is a 9 - Month program with classes held on Saturdays. The program comprises of four modules: Basics of Financial Analysis, Investment Management, Credit Management and Risk Management. In addition to classroom sessions, participants are expected to undertake a project work in finance to enhance their knowledge. BFA’s faculty pool comprises of industry experts, renowned academicians, faculty of international repute and successful leaders in the field of finance.

Prof. KRS Murthy, Mentor and Advisor, BFA, former Director of Indian Institute of Management as well as a board member of National Stock Exchange spoke on the occasion saying, “Integration of financial markets is giving rise to increasing complex products, which while mitigating a variety of risks, is also subject to various contingencies across the globe. Dealing with them, while a necessity, is both an opportunity and a challenge. This requires specialization in finance that is not possible in a typical MBA/PGDM course. BFA, with its knowledge and network of practice aims at equipping participants to deal effectively with this challenge / opportunity and play a distinctive role in a host of companies in the financial sector.”



Speaking on the launch, Prof. Vivek Kulkarni, President BFA and Adjunct Professor, Indian Institute of Science, said, “BFA’s PGP is meant for working professionals who find their jobs monotonous and are looking for career growth in BFSI sector of IT industry. The program prepares the candidates for jobs in investment banks, commercial banks, mutual funds, insurance companies, private equity, rating agencies, asset reconstruction companies, pension funds - both Indian and international financial markets.”



The course begins on 21 January 2012. The program accepts only a limited number of graduates, with good academic records. Candidates with work experience will be preferred. BFA does not have its own written test but accepts scores of relevant competitive exams like GMAT, CAT, MAT, JMAT, etc.



BFA’s PGP emphasizes on finance. The curriculum uses international textbooks and offers hands-on experience in financial markets and applications using practical case studies and various third party databases. In addition, it offers internship / placement opportunities at two excellent organizations – Brickwork India, a reputed KPO and Brickwork Ratings, a SEBI registered Credit Rating Agency.

About BFA

Brickwork Finance Academy is a non-profit organization committed to create intellectual capital in the field of finance. Brickwork offers its flagship PGP in finance. In addition, BFA offers short training programs for executives in the field of Project Finance, Working Capital Management, Derivatives, and Financial Modeling in Excel. BFA also offers customized modules in BFSI sectors for IT companies. These programs cover commercial banking, investment banking, capital markets, insurance and mutual funds areas. Prof. Vivek Kulkarni, former IT Secretary and founder of Brickwork Ratings, is the President of BFA. For more information, please visit www.bfa-india.org

Microchip's first six-channel analog front end for three-phase energy metering offers industry-leading accuracy

Microchip Technology Inc., a leading provider of microcontroller, analog and Flash-IP solutions, today announced its first high-accuracy, stand-alone six-channel analog front end (AFE) for three-phase energy metering. The MCP3903 AFE includes six 16-/24-bit Delta-Sigma analog-to-digital converters (ADCs) and offers industry-leading accuracy, with a signal-to-noise and distortion (SINAD) of 89 dB (typical) and total harmonic distortion (THD) of -99 dB (typical). Additional integrated features include programmable gain amplifiers (PGAs), a low-drift voltage reference and phase-delay compensation, for a reduced external component count that increases design flexibility and lowers costs. The MCP3903 AFE is ideal for the utility and industrial markets, such as in utility meters, power-monitoring devices and instrumentation devices.

Government regulations and trends in smart metering, along with the Advanced Metering Infrastructure, have dramatically increased the need for products that offer precise measurements in multi-phase metering, while simplifying designs and reducing costs. The MCP3903 delivers this functionality by providing a highly accurate solution with integrated features that enable design flexibility. The MCP3903's six 16-/24-bit Delta-Sigma ADCs enable the simultaneous sampling of six inputs, making it ideal for three-phase power monitoring and metering, while its industry-leading accuracy allows for higher-accuracy products.


"The MCP3903 AFE provides engineers with a highly accurate solution for the growing smart-metering and power-monitoring market," said Bryan J. Liddiard, vice president of marketing with Microchip's Analog and Interface Products Division. "This device's integrated features enable more precise measurements than competing solutions, with reduced design time and lower cost."


Packaging and availability

The MCP3903 is available in a 28-pin SSOP package in 10,000-unit quantities. Samples are available today, at http://www.microchip.com/get/SLAF. Volume-production quantities can be ordered today at http://www.microchip.com/get/3N16. For additional information, contact any Microchip sales representative or authorized worldwide distributor, or visit Microchip's web site at http://www.microchip.com/get/1NKJ. To purchase products mentioned in this press release, go to microchipDIRECT or contact one of Microchip's authorized distribution partners.

About Microchip Technology

Microchip Technology Inc. (NASDAQ: MCHP) is a leading provider of microcontroller, analog and Flash-IP solutions, providing low-risk product development, lower total system cost and faster time to market for thousands of diverse customer applications worldwide. Headquartered in Chandler, Arizona, Microchip offers outstanding technical support along with dependable delivery and quality. For more information, visit the Microchip web site at http://www.microchip.com/get/C0QT

Bangalore to host three-day mega tourism event ‘India International Travel Mart’

‘Sphere Travelmedia & Exhibitions’ today announced that the 52nd edition of 'India International Travel Mart' will be held in Bangalore between 29 - 31 July, 2011 at Palace Grounds.


The event is being organized in association with ‘Karnataka Tourism’ and is expected to have over 300 participants from 15 countries. The participants include Travel agents and Tour Operators, DMC, Hotels and Resorts, NTO's, Cruises, Airlines, Online Travel Portals etc.


With this year’s edition of ‘IITM’ in Bangalore, Sphere Travelmedia & Exhibitions completes twelve years of providing the travel industry and discerning buyers from the travel – trade and corporate sector an opportunity to do business. With organizations and tourism boards from over 20 Indian states, ‘India International Travel Mart’ will showcase a variety of destinations from different spheres such as pilgrimages, adventures, culture & heritage, beaches, hills and many more.

Some of the International participants who are participating this year include, Tourism Authority of Thailand and delegation, Dubai Tourism & delegation, Poland Tourism, Switzerland Tourism, Ace Travels - Greece, Indonesia Tourism, African Route Safaris – Mombasa, Lanka Sportreizen – Sri Lanka, Capital Travel – Maldives, Holiday World Tours – Hong Kong, etc

Speaking on the occasion, Mr. Sanjay Hakhu, Director, Sphere Travelmedia said, “India in spite of the present business environment is fast emerging as one of the most interesting and productive countries for the travel trade industry both for leisure and business travel. A combination of factors is responsible for the growth and demand of travel trends from India. The visitor profile is on a B2B & B2C format like and will have over 15000 visitors over three days”.

This year Thailand, Indonesia and Dubai were the Partner Countries for the event and Poland and Switzerland will be the Feature Country for IITM.

Highlights:

• This year ‘India International Travel Mart’ will see several new products in the Hospitality and Travel sphere being unveiled.

• The 'India International Travel Mart' provides an ideal 'marketing opportunity' and 'excellent backdrop' to enhance the participant's 'brand-equity' in the eyes of the discerning end consumer and the travel-trade.

• Boost for Domestic Tourism: The event is supported by the ‘Association of Domestic Tour Operators of India’.



Mr. Rohit Hangal, Director, Sphere Travelmedia added “With the present ongoing recession International Arrivals in India has dropped and ‘India International Travel Mart’ provides the right impetus to the Indian domestic tourism industry. The participants from the states of Karnataka, Kerala, Puducherry, Andhra Pradesh, Assam, Chhattisgarh, Gujarat, Goa, Rajasthan, Lakshadweep, Himachal Pradesh, Uttar Pradesh Uttarakhand, West Bengal and many more destinations will be seen aggressively marketing their products”.



About ‘Sphere Travelmedia & Exhibitions’:



Sphere Travelmedia & Exhibitions Pvt. Ltd.,’ is India's leading Travel media companies with established brands for the Indian travel and tourism industry such as ‘India International Travel Mart’ – India's premier Travel and Tourism Exhibition and ‘Outbound Travel Roadshow’ – India's only Multi – Destination Buyer – Seller Meet & ‘Business Travel & Meetings Expo’ – The Corporate Travel, Incentive and Conference Exhibition’.


About India International Travel Mart:

IITM - India's premier Exhibition that showcases of travel, tourism, hospitality, leisure and other related industries. It is aimed at bringing the Industry, face-to-face with the travel trade, Corporate Buyer and the end-customer with the requisite purchasing power.

‘India International Travel Mart’, India’s premier travel and tourism Exhibition brand established in 1998 by ‘Sphere Travel Media & Exhibitions Pvt. Ltd.,’ is held at the country’s major markets of Mumbai, Bangalore, Chennai Hyderabad Pune and now in Cochin

Robust trends in most markets help Volvo CE post solid Q2 results, with sales up 32%

Strong momentum in most markets underpinned a confident quarter for Volvo Construction Equipment, one that saw the company strengthen its leadership position in the Chinese wheel loader and excavator market.

The global construction equipment industry continues to demonstrate strong market conditions, evidenced by Volvo Construction Equipment’s (Volvo CE) solid set of second quarter 2011 financial results. The period also saw the company strengthen its market leadership position in wheel loader and excavator sales in China, taking an 11.8% share of this important market.

Despite an overall softening of demand in the Chinese market, as a result of government measures to curtail inflation, sales at Volvo CE were positively impacted by strong momentum in most markets. Net sales in the second quarter amounted to SEK 17,520 M (SEK 15,295 M in Q2 2010). This represents a 15% jump in demand, and when adjusted for currency movements, this increased further, to 32%. Operating income amounted to SEK 1,893 M, down from 2,086 M in 2010. Both sales and operating income were negatively affected as a result of the earthquake and ensuing tsunami that hit Japan earlier this year. Japanese supplier-related issues resulted in lost sales of approximately SEK 1,200 M and a reduction in operating income of SEK 300 M. This also had a negative impact on operating margin, which at 10.8% was down from 13.6% in the same period in 2010.

Commenting on the results, Mr. Pat Olney, the incoming president of Volvo CE said: “These are a solid set of figures given the significant currency headwinds we faced and the consequences of the tragic earthquake and tsunami that struck Japan during the period. Due to continued uncertainty in the current macro-economic situation, we are maintaining a high degree of cost flexibility in order to be able to quickly adapt to any potential challenges in market conditions.”

Positive outlook

In a sign of improving conditions, the value of Volvo CE’s order book at the end of the second quarter was 38% higher than at the same date in 2010. Market conditions for the full year 2011 are expected to remain positive, with a projected growth of 15-25% (previous forecast 20-30%). Europe is expected to grow by 15-25% (previous forecast 10-20%), North America by 25-35% (unchanged), South America 10-20% (previous forecast 5-15%), Asia 10-15% (previous forecast 10-20%), whereof China is expected to grow between 10-15% (previous forecast 20-30%).



Notable events for Volvo CE during the second quarter included ‘Volvo Days’, a four week-long event held in May and June in Sweden that saw over 10,000 customers from more than 70 countries become acquainted with the 50 new Tier 4i/Stage IIIB machines that Volvo CE has launched this year.

Wipro Launches innovative ‘Easy-Upgrade’ solution, for Oracle E-Business Suite

Wipro Technologies, the Global Information Technology, Consulting and Outsourcing business of Wipro Limited (NYSE: WIT) today announced the launch of its proprietary ‘Wipro Easy-Upgrade’ solution for Oracle E-Business Suite, which can enable complete assessment, implementation and management of Oracle Applications. The solution which is a part of Wipro’s overall Oracle applications offerings helps customer organizations evaluate their current Oracle landscape, plan for the future and implement upgrades. Wipro estimates their ‘Easy-Upgrade’ solution can deliver up-to 40% reduction in assessment costs for organizations looking to embrace Oracle E-Business Suite - R12 or Oracle Fusion Applications.

“We found in our extensive experience with Oracle application upgrades and re-implementation engagements, that our customers spent a lot of time and effort to determine the roadmap for the transition to newer functionalities. There existed a need for a solution that can expedite assessments and minimize the risk involved in an implementation. As a result, we developed ‘Wipro’s Easy-Upgrade solution an assessment tool which enables organizations in rapid evaluation and planning for Oracle E-Business Suite R12.” said Srinivas Pallia, Senior Vice President & Global Head, Business Application Services, Wipro Technologies.


“We are very impressed with the reduction in assessment time frame as well as better planning enabled by using the tools associated with Wipro’s ‘Easy-Upgrade’ solution for Oracle E-Business Suite.” said Andy Nallappan, Senior Director, Enterprise Applications, Avago. “Having leveraged the solution for our assessment, we believe that it is an asset during the Oracle E-Business Suite R12 upgrade process. It can help Oracle customers meet aggressive application upgrade schedules by reducing the time and effort spent in assessment. This in turn helps in better resource planning and retro fitments, improved quality and cost efficiencies. The visibility of all custom objects helps in identifying risks in business processes and leads to a more effective plan to develop and customize solutions with robust test cases and minimize unwanted surprises. We highly recommend Wipro’s Easy-Upgrade solution to customers planning to upgrade Oracle E-Business Suite.”

The assessment tool in the Wipro ‘Easy-Upgrade’ solution for Oracle E-Business Suite is aimed at eliminating inefficiencies in the manual assessment process and provides requisite information on a business Intelligence dashboard in a timely manner. The analysis and reports provided by the assessment tool are used as inputs in the development phase of the application while creating or retrofitting custom objects. Thus, the transition to upgraded applications becomes a lot more predictable, efficient and cost effective by leveraging the ‘Easy-Upgrade’ solution.

“Wipro has continuously developed innovative solutions to help our clients to drive faster business process improvement and operational productivity to maximize business value of Oracle Applications. The development of Wipro’s “Easy-Upgrade” solution for Oracle E-Business Suite is testimony of Wipro’s constant endeavor to proactively create solutions that meet customer’s strategic requirements”, added Srini Pallia.

About Wipro Technologies

Wipro Technologies, the global IT business of Wipro Limited (NYSE:WIT) is a leading Information Technology, Consulting and Outsourcing company, that delivers solutions to enable its clients do business better. Wipro Technologies delivers winning business outcomes through its deep industry experience and a 360 degree view of “Business through Technology” – helping clients create successful and adaptive businesses. A company recognized globally for its comprehensive portfolio of services, a practitioner’s approach to delivering innovation and an organization wide commitment to sustainability, Wipro Technologies has 120,000 employees and clients across 54 countries. For more information, please visit www.wipro.com

SOTC wins the prestigious StarBrands 2011 Award

SOTC, Kuoni India’s outbound travel brand, was felicitated with StarBrands 2011 Award on July 6, 2011 in a gala ceremony organized by Planman Marcom at JW Marriott Hotel, Mumbai. Kashmira Commissariat COO Outbound Division Kuoni India received the award on behalf of SOTC from Anisha Motwani, Director & Chief Marketing Officer, Max New York Life Insurance and Rohit Manchanda, Director, Planman Consulting. SOTC is the only tour operator to be conferred with this honour.

Rajiv Duggal, MD Kuoni India said, “It is indeed an honour to be conferred with the StarBrands Award. We believe in creating memorable and distinct holiday experience for travelers and this award serves as a testimony to the fact that SOTC is a highly trusted and respected brand in the travel industry. The award serves as an inspiration for us to conquer new heights through innovative strategies.”

Star Brands is an annual property of Planman Marcom based on research with the consumers to select the strongest brands that created the most impact in the year. The Indian Council for Market Research (ICMR) conducted research across India on four parameters, namely, Product, Innovation, Recall Perception and Impact on Consumers to select the StarBrands. A brand is chosen as a StarBrands by the consumers and is regarded as a symbol of utmost trust and faith of consumers. StarBrands are regarded as influential tool for the Most Impactful Brands in the country.

About SOTC

Kuoni India's key outbound travel brand is SOTC. SOTC, India’s largest outbound tour operator was acquired by Kuoni Travels in the year 1996 and is a leader in all segments, namely Escorted Tours, Free Individual Travel, and Domestic Holidays amongst others. SOTC Corporate Tours is the leader in Incentive and Trade Fair tours and Sports.

Edgeview powered by BMC Software Provides Akamai Customers with Real-time View of Web Application Performance

Akamai Technologies, Inc. (NASDAQ: AKAM) and BMC Software (NASDAQ: BMC), today announced the release of Edgeview powered by BMC Software, a virtual software appliance that provides companies with visibility into the performance of Web applications delivered over the Akamai Platform.

To help companies prove ROI and ensure peak performance of the increasing number of mission-critical applications being moved to the cloud, Edgeview powered by BMC Software gives companies using Akamai's Dynamic Site Accelerator and Web Application Accelerator solutions independent, third-party insight into the end-user experience and how well their Web applications are performing.

"Today's leading enterprises demand real-time, global visibility into the experience of end users to ensure consistent Quality of Service," explained Dennis Drogseth, vice president, Enterprise Management Associates, an IT and Data management industry research analyst firm headquartered in Portsmouth NH. "As businesses continue to take advantage of the cloud for application delivery, validating the investment in application acceleration and other cloud delivered technologies becomes even more important. EMA believes that cloud service providers will divide themselves into two categories: commodity providers and partners able to work with enterprise customers in meeting critical SLAs. Through its partnership with BMC, Akamai has clearly established itself within the partner category."


"The Edgeview powered by BMC Software solution gives Akamai customers excellent visibility into the ongoing performance of their cloud-accelerated applications," said Willie Tejada, vice president, application and site acceleration at Akamai. "This new offering is designed to help organizations ensure the best possible end-user experience and demonstrate the return on investment from their cloud strategies."


An easy-to-deploy virtual software appliance, Edgeview powered by BMC Software collects Web performance data from three sources: the customer's data center, the end-user's browser and the Akamai Platform. Sophisticated analysis compares the performance of applications and sites accelerated by Akamai with those that are not, helping to determine where performance issues may exist and providing the data required to calculate the value derived from Akamai's global platform. This enables IT and line of business managers to make informed performance management decisions. Edgeview powered by BMC Software also provides historical performance data so IT professionals can determine when specific problems occurred, the severity of incidents plus regions and users impacted.


"Web applications delivered over Akamai's global platform achieve unmatched speed and performance. Understanding how these applications are performing at the end-user level is critical to assuring a superior online experience," said Ali Hedayati, vice president, End User APM at BMC Software. "With the Edgeview powered by BMC Software solution, BMC and Akamai enable companies to better visualize and manage the optimization and acceleration of their global applications."



"Edgeview provides MFG.com vital, real-time visibility into the performance of our web application delivery," said Eric Vanim-Botting, Director of IT Operations for MFG.com, a leading online marketplace for manufacturers. "We now have up-to-the-minute monitoring of both origin and Akamai delivered applications. This tool enabled us to pinpoint a geographic performance issue related to one of our origin-hosted applications and provided the data required to better leverage Akamai acceleration services. We are excited by the business value this tool provides."


To learn more, please visit: www.bmc.com/edgeview or email edgeview@akamai.com.


About BMC Software

Business thrives when IT runs smarter, faster and stronger. That's why the most demanding IT organizations in the world rely on BMC Software across distributed, mainframe, virtual and cloud environments. Recognized as the leader in Business Service Management, BMC offers a comprehensive approach and unified platform that helps IT organizations cut cost, reduce risk and drive business profit. For the four fiscal quarters ended March 31, 2011, BMC revenue was approximately $2.1 billion.


About Akamai

Akamai® provides market-leading, cloud-based services for optimizing web and mobile content and applications, online HD video, and secure e-commerce. Combining highly-distributed, energy-efficient computing with intelligent software, Akamai's global platform is transforming the cloud into a more viable place to inform, entertain, advertise, transact and collaborate. To learn how the world's leading enterprises are optimizing their business in the cloud, please visit www.akamai.com and follow @Akamai on Twitter.

TCS and CAST take Software Quality to the next level

CAST, the worldwide leader in Software Analysis & Measurement, and Tata Consultancy Services (TCS), (BSE: 523540, NSE: TCS), a leading IT services, consulting and business solutions firm, announced today a strategic partnership to offer TCS' enterprise IT clients the Software Quality Guardian® service powered by CAST Application Intelligence Platform® (AIP).

Providing the Service for complex mission-critical business applications, TCS consultants will automatically analyze and measure the essential structural quality attributes (reliability, security, performance, and maintainability) of client applications, whether developed by TCS or by other vendors, via the embedded CAST AIP. The service will aim to reduce the risk of high impact business disruptions due to corrupted data, application outages, security breaches and performance problems.

“TCS is proud to offer innovative solutions that will have a significant impact on our clients' business," said Siva Ganesan, head of TCS Assurance Services Unit (ASU). "We have identified Software Analysis and Measurement as a new market that will become increasingly crucial for mission-critical business applications and CAST is the leading technology provider in this space. TCS ASU is now heavily promoting its Software Quality Guardian® to its customers and prospects."

"CAST is excited to partner with TCS, a world-class systems integrator and IT consulting services firm, to extend our scalability and penetration within the Global 2000," said Vincent Delaroche, CEO of CAST. "The strategic partnership with TCS reinforces CAST’s proven technology and leadership in the growing market to automate Software Analysis and Measurement."


About CAST: CAST is a pioneer and world leader in Software Analysis and Measurement, with unique technology resulting from more than $90 million in R&D investment. CAST introduces fact-based transparency into application development and sourcing to transform it into a management discipline. More than 250 companies across all industry sectors and geographies rely on CAST to prevent business disruption while reducing hard IT costs. CAST is an integral part of software delivery and maintenance at the world's leading IT service providers. Founded in 1990, CAST is listed on NYSE-Euronext (Euronext: CAS) and serves IT intensive enterprises worldwide with a network of offices in North America, Europe and India. For more information, visit www.castsoftware.com.

India – Bangalore, Onyx Center, 5th Floor, # 5, Museum Road, 560001 Bangalore

About TCS: Tata Consultancy Services is an IT services, consulting and business solutions organisation that delivers real results to global business, ensuring a level of certainty no other firm can match. TCS offers a consulting-led, integrated portfolio of IT, BPO, infrastructure, engineering and assurance services. This is delivered through its unique Global Network Delivery Model (GNDM™), recognised as the benchmark of excellence in software development. A part of the Tata group, India’s largest industrial conglomerate, TCS has over 198,500 of the world’s best-trained consultants in 42 countries. The company generated consolidated revenues of US $8.2 billion for year ended March 31, 2011 and is listed on the National Stock Exchange and Bombay Stock Exchange in India. For more information, visit us at www.tcs.com.

National Instruments Technology Helps Virginia Tech Win EcoCAR Competition

Virginia Tech recently was named the overall winner of EcoCAR: The NeXt Challenge, a three-year collegiate vehicle engineering competition sponsored by the U.S. Department of Energy and General Motors (GM). The Virginia Tech Hybrid Electric Vehicle Team (HEVT) designed and built an extended-range electric vehicle (EREV) that uses E85 (ethanol) and achieves fuel efficiency of 81.9 miles per gallon gasoline equivalent. With National Instruments reconfigurable software and hardware, the team used a graphical system design approach to design, prototype, validate and deploy a control strategy for the vehicle’s hybrid components.

To interface with and control the vehicle, the team chose NI CompactRIO, which acted as a hybrid vehicle supervisory controller that balanced power distribution between the vehicle’s combustion and electric systems. They programmed the controller with NI LabVIEW system design software, which also served as the runtime environment for the main driver display in the vehicle. The LabVIEW Statechart Module was used to create a high-level state machine control architecture for splitting torque between the hybrid components. Before deploying their control strategy to hardware, the team used NI VeriStand real-time testing software and NI PXI to create a hardware-in-the-loop simulation and validation system that evaluated the vehicle’s fuel and electric energy consumption and tested safety features.



“The members of the HEVT come from a variety of engineering backgrounds and concentrations, and it was critical for us to have an easy-to-use platform that could be used by everyone and from start to finish,” said Jesse Alley, graduate advisor for the Virginia Tech HEVT. “National Instruments software and hardware streamlined our vehicle development, allowing us to rapidly develop a sophisticated hybrid control strategy that ultimately helped us win EcoCAR.”



Sixteen North American universities participated in EcoCAR and re-engineered GM-donated vehicles to minimize fuel consumption and emissions while maintaining utility, safety and performance. The competition culminated in a trip to the GM Proving Ground in Milford, Mich., where the teams put their vehicles through a series of safety and technical tests. In addition to winning the overall competition, Virginia Tech won awards for Shortest 60-0 MPH Braking Distance, Best AVL Drive Quality, Best Dynamic Consumer Acceptability and Best Fuel Consumption. The team also received the National Instruments Most Innovative Use of Graphical System Design award. National Instruments is a platinum sponsor of EcoCAR.



“We must continue to eliminate any obstacles to hands-on, project-based learning if we truly want to return to an era of experimentation within academia,” said Ray Almgren, vice president of product marketing for core platforms at National Instruments. “The EcoCAR competition does just that, and through the hard work and determination of the Virginia Tech team and the enabling power of National Instruments technology, experimentation resulted in innovation that has the power to transform the future of transportation.”



National Instruments supports numerous academic initiatives, including EcoCAR, to help students get real-world engineering experience while in school so that they are prepared for careers in industry. National Instruments equips today’s students for their roles as tomorrow’s innovators who are responsible for addressing the engineering grand challenges, which include improving urban infrastructure, making solar energy more economical and engineering better medicines. Many students have used the experience gained through the EcoCAR competition to secure automotive industry careers to work on sustainable mobility efforts.

About National Instruments

National Instruments (www.ni.com) is transforming the way engineers and scientists design, prototype and deploy systems for measurement, automation and embedded applications. NI empowers customers with off-the-shelf software such as NI LabVIEW and modular cost-effective hardware, and sells to a broad base of more than 30,000 different companies worldwide, with its largest customer representing approximately 4 percent of revenue in 2010 and no one industry representing more than 15 percent of revenue. Headquartered in Austin, Texas, NI has approximately 5,500 employees and direct operations in more than 40 countries. For the past 12 years, FORTUNE magazine has named NI one of the 100 best companies to work for in America

SAP and Google Team to Put “Big Data” on the Map

SAP AG (NYSE: SAP) today announced that it is building on its collaboration with Google to help customers manage large data volumes in intuitive, visual displays and facilitate faster, more-informed decisions. SAP plans to enhance its business analytics software with location-based data capabilities, allowing people to interact with real-time information via Google Maps™. The plans continue a strong history of collaboration between the companies, most recently on advances for the SAP® StreamWork™ application such as inclusion in the Google Apps Marketplace™, integration with Google Docs™ and OpenSocial adoption. The announcement was made at the AlwaysOn Silicon Valley Innovation Summit, being held in Santa Clara, California, July 27-28.

SAP and Google are working together to pair enterprise applications with the kinds of consumer tools that enrich millions of people’s lives every day, such as Google Maps and Google Earth™. With location-based intelligence capabilities, SAP envisions bringing corporate information to life via Google’s dynamic, interactive map, satellite and even street-level views. As a result, customers could analyze their businesses in a geospatial context to effectively understand the “where” of their information, as well as global, regional and local trends and how they are impacted by different scenarios — helping to increase efficiency and profitability, among other benefits. To see location-based intelligence in action, watch this short video: “Demo: SAP and Google Team for Location-Based Intelligence.”

SAP has been driving a convergence of enterprise and consumer software, giving an increasing number of people the ability to make important business decisions through the lens of mobile and social technologies while navigating the complexity of “big data,” or the growing volume, variety and increased velocity of information.

With comprehensive global coverage, Google Maps is the world’s most popular online mapping tool. For enterprise customers, Google Maps delivers a cost-effective and easily deployed mapping platform that makes it easy to visualize geographic data. Companies large and small can use Google’s infrastructure to quickly process vast amounts of geographic data and gain better insights into their businesses.


Following are examples of how organizations running SAP solutions with Google Maps API Premier could benefit from overlaying enterprise information onto intuitive mapping tools:



● A telecom operator could use Google Earth and SAP BusinessObjects Explorer™ software to perform dropped-call analysis and pinpoint the geo-coordinates of faulty towers.



● A state department of revenue could overlay household tax information on a map of the state and group it at the county level to track the highest and lowest tax bases.



● A mortgage bank could perform risk assessment of its mortgage portfolio by overlaying foreclosure and default data with the location of loans on Google Maps.



● With SAP StreamWork, a team of customer support representatives in a consumer packaged goods company could collaborate and pinpoint the location of consumer complaints within specific geographies and make a decision regarding how to address and prioritize resolution.



● A theme park operator could use the Google Maps API Premier and get real-time traffic information on attractions with SAP® BusinessObjects™ solutions to send rerouting messages to customers in order to improve satisfaction rates.



● U.S. census data could be overlaid on a Google map of the country, grouped by state and drilled down on at the county level.

The new enterprise offerings from this collaboration between SAP and Google are planned for availability in the upcoming releases of various SAP enterprise products, including SAP BusinessObjects solutions and mobile apps. For a closer look at how the on-premise, on-demand and on-device solutions can allow people to view specific details by location and even analyze data directly within the interactive maps, visit: “Screenshots: Location-Based Intelligence from SAP.”



“Today, more and more information is being geo-tagged, and it is unlocking an entirely new dimension for enterprise data,” said Sanjay Poonen, president, Global Solutions, SAP AG. “SAP’s work with Google marries powerful enterprise software with the world’s most popular mapping platform to create entirely new ways for people to understand and interact with business information. We aim to provide our customers the opportunity to tap into the power of business analytics combined with location intelligence through a geographic view and use rich, interactive analytics to respond to events as they unfold in real time.”


“We’re excited to work with SAP to help enterprise customers use Google’s cloud mapping tools with SAP software,” said Dave Girouard, president, Google Enterprise. “This integration will allow our customers to more easily visualize geographic data and make better business decisions.”


For further information, including screenshots and a demo video, visit the Business Analytics newsroom. Follow SAP BusinessObjects on Twitter at @businessobjects.


About SAP

As market leader in enterprise application software, SAP (NYSE: SAP) helps companies of all sizes and industries run better. From back office to boardroom, warehouse to storefront, desktop to mobile device – SAP empowers people and organizations to work together more efficiently and use business insight more effectively to stay ahead of the competition. SAP applications and services enable more than 172,000 customers (includes customers from the acquisition of Sybase) to operate profitably, adapt continuously, and grow sustainably. For more information, visit www.sap.com.

Tech Mahindra ranked #1 Telecom Software Service Provider

Tech Mahindra, a global systems integrator and business transformation consulting services firm exclusively focused on the communications industry, has been ranked as No.1 Telecom Software Service Provider by Voice & Data, India’s leading communications magazine. According to the latest V&D100 Annual Survey conducted by the magazine, Tech Mahindra leads the Rs. 23,533 crore Indian telecom software services market in 2010-11 with 20.1 % market share.

This annual ranking based on a comprehensive evaluation of the Indian telecom services space, states that Tech Mahindra grew 12 % to clock consolidated revenue of Rs. 5,140.2 crore for the year ending March 2010. This award is considered as the hallmark of the Indian Telecom & IT Industry.

Mr. L.Ravichandran, President, IT Services, Tech Mahindra said, “We are honored to be recognized again by Voice & Data as the top telecom software services provider for the year 2010-11. This reinforces and reaffirms Tech Mahindra’s commitment and consistency in providing tangible value to the telecommunications industry through our innovative solutions. With our niche and proven telecom domain expertise, distinctive IT skills, research and development investments, innovative delivery models and distinguished approach of managing IT systems, Tech Mahindra remains committed to the growth of our esteemed customers, stakeholders at large”

Mr. Ibrahim Ahmad, Group Editor, Cyber Media Group, said, “The Indian telecom growth story will be fuelled by momentum of the telecommunications industry effected through the roll-out of 3G and broadband services and the consequent growth in usage of high-speed broadband, VAS and data services. With its exclusive focus on the telecommunications industry for over two decades, Tech Mahindra continues to play a leadership role in this domain, deliver mature business models and provide compelling value propositions to its customers and stakeholders”


About Tech Mahindra



Tech Mahindra is a leading provider of solutions and services to the telecommunications industry, majority stake owned by Mahindra & Mahindra Limited, in partnership with British Telecommunications plc. With total revenue of INR 5,140.2 crores in the year ended March 31, 2011, Tech Mahindra serves telecom service providers, equipment manufacturers, software vendors and systems integrators. Tech Mahindra solutions enable clients to maximize returns on IT investment by achieving fast time to market, reduced total cost of ownership and high customer satisfaction. Tech Mahindra achieves this through its domain and process expertise, distinctive IT skills, research and development, proven innovative delivery models and approach to off-shoring. Assessed at SEI-CMMi Level 5, Tech Mahindra's track record for value-delivery is supported by 38,300 professionals who provide a unique blend of culture, domain expertise and in-depth technology skill-sets. Its development centres are ISO 9001:2008 & BS7799 certified. Tech Mahindra has principal offices in the UK, United States, Germany, UAE, Egypt, Singapore, India, Thailand, Taiwan, Malaysia, Philippines, Canada Australia & New Zealand.



Tech Mahindra Ltd is part of the $12.5 billion Mahindra Group, a global industrial federation of companies and one of the top 10 business houses based in India. The Group’s interests span automotive products, aviation, components, farm equipment, financial services, hospitality, information technology, logistics, real estate and retail.

For further information, visit: http://www.techmahindra.com/

Canara Bank's Financial Results for June 2011

Shri S Raman, CMD Canara Bank flanked by Smt.Archana S Bhargava, ED Canara Bank addressing the media

                                                 

 Major Highlights –Q1FY12

 Sustained Performance..Steady Growth

 Total business touched `515165 Crore, up by 25%

 Deposits reached `300150 Crore, up 25.7%

 Domestic deposits grew by 25% compared to SCBs’ growth at 17.7%.

 Advances (net) reached `215015 crore, up by 23.7%

 Domestic advances grew at a higher rate by 27.6% compared to SCBs’ growth at 19.6%

 Return on Assets at 0.88%

 Capital Adequacy Ratio at 13.37%

Tier I Capital Ratio at 9.59%

 Record Cash Recovery of `750 crore

 Introduced Mobile Banking on 6th June 2011

 20 New Branches and 293 ATMs added during Q1

 System Driven NPA above `2 lakh implemented

 

                                           Sustained Performance and Steady Growth

 

• Total business of the Bank rose to a level of `515165 crore as at June 2011, recording a y-o-y growth of 25%.

• Total deposits grew by 25.7% to reach `300150 crore. Bank’s domestic deposits grew higher at 25% compared to SCBs’ growth at 17.7%.

• Advances (net) recorded an equally good growth of 23.7% to reach `215015 crore. Credit to deposit ratio stood at 71.6%. Bank’s domestic advances grew at a higher rate at 27.6% compared to SCBs’ growth at 19.6%.

• The Bank’s overseas business constituted 4.41% of the total business, with `10855 crore under deposits and `11849 crore under advances.

• General uptrend in interest rate scenario has impacted the growth in CASA deposits. CASA deposits reached a level of `76105 crore as at June 2011. CASA deposits to domestic deposits constituted 26.31%.

• Savings deposits rose by 14% y.o.y to `60912 crore.

• The Bank added over 4.4 lakhs SB clientele during Q1FY12.

• Robust growth in business has improved the Business per Employee to `12.56 crore and Business per Branch increased to `157.21 crore as at June 2011.

• Net Profit for Q1 FY12 stood at `726 crore. Lower net profit for the Quarter is on account of

 Increase in provision on NPA to the extent of `285 crore as per RBI guidelines issued during May 2011

 Reversal of interest to the tune of `210 crore due to slippages under system driven NPA.

 Decline in Trading Profit ( `300 crore) due to rising G-Sec Yield

• Without additional provisions on NPA, reversal of interest on account of system driven NPA and trading profit, comparable net profit works to `1521 crore, with a y.o.y growth of 50.2%

• Operating Profit stood at `1270 crore.

• Return on Average Assets (RoAA) for Q1FY12 stood at 0.88%.

• While Earnings Per Share (EPS) for the quarter was at `16.38, Book Value rose to `420.97 compared to `288.65 as at June 2010.


Income and Expenses

• The Bank’s total income for Q1FY12 increase by a healthy 30.8% to reach `7708 crore, including `5483 crore income from loans/advances.

• Non-interest income of the Bank stood at `527 crore.

• Increase in operating expenses contained at 7.3%.

• With a Net interest income of `1793 crore, Net Interest Margin (NIM) for Q1FY12 was 2.42% as at June 2011.



Capital Adequacy

• Capital Adequacy Ratio at 13.37% compared to 12.44% as at June 2010. Tier I capital ratio rose to 9.59% as against 8.10% as at June 2010.

• The Bank has adequate headroom available under both Tier-I and Tier-II options to raise capital to support business growth momentum.

 

Asset Quality

• The Bank’s gross NPA ratio increased to 1.67% (`3606 crore) compared to the gross NPA ratio of 1.46% (`2549 crore) as at June 2010.

• The increase in NPAs was due to migration to system based NPA recognition of above `2 lakh.

• Net NPA ratio stood at 1.34% (`2871 crore) as at June 2011.

• Cash recovery during the first quarter of FY12 aggregated to `750 crore, higher than `401 crore in the same period a year ago.

• The Bank has restructured 2562 accounts worth `419.5 crore during Q1 FY12.



Diversified Credit Portfolio

• The Bank’s credit growth at 24% during the period was higher than the industry’s growth and was broadbased across major segments, such as, Retail, Priority, MSMEs, industrial and infrastructure.

• The Bank’s retail lending portfolio recorded a 30.7% growth to reach `24042 crore.

• Outstanding housing loan portfolio grew by 50.9% to `15241 crore, constituting 63.4% of the total retail lending portfolio.

• The Bank’s credit to Micro, Small and Medium Enterprises (MSME) recorded a y.o.y growth of 17.1% to reach `37000 crore compared to a level of ` 31598 crore as at June 2010.

• Outstanding advances to the priority segments grew by 23.2% to reach `70973 crore.

• Credit to agriculture touched `30463 crore, signifying over 31.5% growth.

• Agriculture portfolio covers 31.36 lakh farmers.

• Continuing its lead among nationalized banks, the Bank’s education loan portfolio rose by 21% to `3590 crore, with a coverage of 1.93 lakh students.

Financial Inclusion

• Continuing with its commitment to higher coverage under financial inclusion, the Bank has so far mobilized 28.93 lakhs no-frill accounts since inception.

• During the quarter, the Bank has opened 12 rural branches to implement financial inclusion plan. 100 rural branches are planned for opening during the year.

• 19 Micro-Finance Branches have been opened to help urban poor. To spread financial literacy, 10 Financial Literacy and Credit Counselling Centres (FLCCs) are functioning in 4 States- Karnataka, Kerala, Tamil Nadu and Bihar.

• The Bank formed 3.51 lakhs Self Help Groups as at June 2011, with credit linking of 3.27 lakhs SHGs. The total outstanding under SHG finance amounted to ` 1060 crore.

• Extending credit under financial inclusion, the Bank has issued 3.24 lakh General Credit Cards, with a credit disbursement of `514 crore.


Enhanced Delivery Channels

During the first quarter, the Bank added 20 domestic branches, to take the total number branches to 3277 branches, including 4 overseas branches one each at London, Leicester, Hong Kong and Shanghai. With addition of 293 ATMs during the quarter, number of ATMs further increased to 2509 as at June 2011. Debit Card base rose to 61.33 lakhs as at June 2011.


Expanded Basket of New Tech Products

The Bank added another important tech-product CanMobile, for the convenience of the customers to do banking transactions through their mobile handsets. Mobile Banking product was inaugurated by Smt. Shyamala Gopinath, then Deputy Governor of RBI, on 6th June 2011 at Bangalore.



Goals for FY12

• Aiming at a Total Business Growth of over 20% y.o.y by March 2012.

• Over 250 new branches to be opened during FY12

 Out of which 100 rural branches will be opened to implement Financial Inclusion Plan.

• Significantly increase ATM strength.

• Steps for commencing Data Warehousing initiated.

• Thrust on growing Retail Business- Retail Deposits and Retail Advances.

• Plans to open Branches at Manama, Bahrain, QFC-Qatar, South Africa, Germany, the USA, Brazil, Tanzania and Representative Office in Tokyo, Japan.