26th YEAR INTER HIGH SCHOOL VIJAYA BANK V-GENUTH QUIZ CONTEST 2012

 The 26th Year State Level Inter High School Vijaya Bank V-GenUTH Quiz   Contest was conducted on Sunday January 29, 2012 at Vijaya Bank Head Office M.G. Road Bangalore.   Associated with their Savings Bank product V-GENUTH for younger generation, the annual Quiz event is highly popular with the generation next, particularly the school children, a spokesperson of the Bank said.  

Attended by more than 400 students from various schools of the state, the Quiz Contest was conducted with much fanfare and celebration.    With the Chairman & Managing Director Shri. H S Upendra Kamath, shooting off the first question and the legendary 'Pick Brain' Giri Balasubramaniam conducting the Quiz programme in his inimitable style combining professional perfection and informal warmth, the thronging crowd was witness to one of the most keenly contested Quiz events in the recent times.   

Presenting the Vijaya Bank V-GenUTH Quiz Contest Rolling Trophy to the winning team comprising of Master. Preetham Upadhya and Master S K Adithya from Sharada Vidyalaya, Mangalore, and the Runner up Trophy to the team comprising of Master. Ashwin Kumar and Master. Pranav Ramamurthy from St. Joseph’s Boys’ High School, Bangalore, Shri. H S Upendra Kamath, Chairman & Managing Director of the Bank congratulated all the participants from different schools and appreciated the ever rising knowledge levels and standards of generation next and expressed confidence in their ability to shoulder all their responsibilities as fine citizens of the country in the future days to come.  Smt. Shubhalakshmi Panse, Executive Director of the Bank gave away laptops and notebooks as individual prizes to the members of the winning team as well as the Runners up team.  Trophies were also given to all the finalists apart from Best Performing Outstation team.

The largely attended function included General Managers, Senior Executives, officials and staffs members of the Bank apart from parents and teachers.
Sourced From: VIJAYA BANK,

National Instruments Announces Test Solution for 802.11ac WLAN

National Instruments today announced early access support for testing next-generation 802.11ac WLAN chipsets and devices. This announcement exemplifies how NI’s modular, software-defined wireless test platform continually expands to address the latest cellular and wireless connectivity standards including 802.11ac.

NI’s 802.11ac WLAN test solution provides flexibility in testing 802.11ac devices in addition to testing 802.11a/b/g/n devices. It works with a wide range of signal bandwidths including 20, 40, 80 and 80+80 160 MHz for both Tx and Rx for up to 4x4 MIMO configurations.

Quote
“By supporting the latest WLAN standard, 802.11ac, we are demonstrating the power of NI’s software-defined, modular test systems,” said Dr. James Truchard, president, CEO and cofounder of National Instruments. “Our modular test platform delivers faster test times and lower total cost of ownership, and by combining it with LabVIEW, we help engineers address the latest emerging wireless standards.

802.11ac Solution Features
· Modulation formats up to 256 QAM
· 4x4 MIMO for both Tx and Rx
· Signal bandwidths including 20, 40, 80 and advanced 80+80 160 MHz
· Optional MAC features such as LDPC, STBC and AMPDU
· Automated test system development using NI LabVIEW, C or Microsoft Visual Studio

NI is working with several early access partners, including silicon suppliers, OEMs and electronic manufacturing services (EMS) providers, to test the latest 802.11ac devices.

Click to Tweet: The @NIGlobal test platform now supports testing of 802.11ac #WLAN standard http://bit.ly/wsMTAa

To learn more about NI’s 802.11ac test solution, visit www.ni.com/80211ac.

About 802.11ac
The IEEE 802.11ac WLAN standard promises more than 3X faster transfer speeds, more reliable coverage and up to 6X more power efficiency than equivalent 802.11n solutions. These benefits have increased the demand on today’s wireless test systems to provide better software flexibility, wider Tx and Rx bandwidth and higher performance signal processing.

About National Instruments
Since 1976, National Instruments (www.ni.com) has equipped engineers and scientists with tools that accelerate productivity, innovation and discovery. NI’s graphical system design approach to engineering provides an integrated software and hardware platform that speeds the development of any system needing measurement and control. The company’s long-term vision and focus on improving society through its technology supports the success of its customers, employees, suppliers and shareholders.

Sourced From: Genesis Burson-Maresteller

Beyouty Launches the "Working Women Bra" in India

Ever woman wants the best for herself. Sensuality comes from within. For a woman as bold as she is outside isn’t afraid to strut her talent and take over the world. She takes pride in being a woman, she is brimming with confidence.  For her, there is no stopping. Beyouty launches the ‘Working Woman Bra’ that gives the perfect fit for the working woman accessory to any bra wardrobe.

The “Working Woman Bra” provides effortless comfort perfect for the modern woman in you. The Beyouty – “Working Woman Bra” ensures the perfect support and confidence while giving the strength of a cotton stretch fabric. The bra is designed to boost the oomph of today’s working woman.

The Working Woman Bra features stitch in between the layer and generous cups with two-way stretch power-mesh that encapsulates the breasts for support and limits movement. The Two-way stretch power-mesh on the back of the bra gives extra-firm support with beautifully cushioned adjustable straps and broader side panels with flattering design lines provides for comfortable stretch. The concealed hook-and-loop closure provides a perfect fit and enhances support. It keeps you in top shape at all times, while still receiving the high level of support and movement control that one expects from a Beyouty bra.

Mr. Nischal Puri, MD, Brandis India developed a fully customizable product Beyouty that is not only functional, but stylish and fashionable, too. “Women were constantly saying the same thing that it was challenging to find bras that fit well and made them feel confident about the way they looked.” Beyouty’s -Working Woman Bra is designed to bring the versatility in bra type to accommodate different styles of clothing for a working woman that fits the posture, functionality and comfort.

“Ultimately, if a woman looks good, she feels good,” says Mr. Puri. The “Working Woman Bra, Beyouty product offers the realistic and the aesthetic—and that’s an influential combination.”

Now working woman can indulge in the collection which is not only comfortable but also available in a range of styles to suit any and every work traditions.

The Working Woman Bra Collection is available across all the lingerie stores in Delhi, NCR, Mumbai, Pune, Hyderabad, Bangalore, Chennai, Kolkata and Amritsar and price ranges between Rs.185 per piece onwards.

About Brandis India:

The company was incorporated in 2010 with the aim of launching global capable brands in the apparel and accessories space. Brandis is promoted by Nischal Puri veteran in the Indian apparel industry. He has been instrumental in establishing and growing Jockey brand in India. During his tenure in Jockey he changed the direction of the brand from being an men innerwear brand to a lifestyle brand. He was instrumental in launching the exclusive stores for the brand besides changing the consumer perception of the brand from innerwear to an category inclusive brand.

With proven track record of building brands Brandis India has successfully established Beyouty in India. And the brand is destined for very aggressive growth quarter by quarter. Beyouty is presently being retailed in 1500 stores across the country. Brandis India is set to launch its second global capable brand 2GO.The brand is men sports apparel brand. The market is 3500 crores and the middle segment is worth 1800 crores. 2GO is product categories include tracks, shorts, sports socks and T shirts.

STMicroelectronics Unveils Industry-First Car-Door Controller IC

STMicroelectronics (NYSE: STM), a global semiconductor leader serving customers across the spectrum of electronics applications and the leading supplier of car-door electronics, today introduced the market’s first multi-functional door-zone driver with an integrated electric-window control. This innovative chip, which reduces bill-of-material costs and offers new levels of passenger comfort, has already been selected for broad adoption at a leading German car manufacturer.

Today, equipment manufacturers use relays to drive the electric-window motors. ST’s newest door actuator driver redefines the established system topology, removing the need for mechanical relays in car-window control. The innovation slashes component costs and eliminates expensive electromagnetic compatibility (EMC) countermeasures, associated with the existing solutions, while enabling users to enjoy a smoother and quieter car-window operation. ST’s new door-zone driver supports adjustable window speeds related to the position of the window - soft start and shutdown - and reduces noise levels with the removal of the relay as well.

ST’s L99DZ80 embeds an SPI-programmable slew-rate[1] control IP that can drive 4 external MOSFETs in a half-bridge configuration dedicated to PWM (Pulse Width Mode)-driven electric-window applications. Other features include six bridges for double door-lock control, mirror fold, and mirror-axis control, together with a high-side driver for mirror defroster, bulbs and LEDs. The device also integrates a control block with an external MOS transistor for charging and discharging of electrochromic (dimmable) mirror glasses.

ST is the world’s largest supplier of car-door electronics, with more than 100 million door-actuator devices shipped over the past ten years. Designed for state-of-the-art automotive door-module applications, ST’s market-proven devices are renowned and recognized for their scalability, small size, advanced power-management functionality, and superior thermal performance.

The newest addition to ST’s family of microcontroller-driven multi-functional car-door actuator drivers, the L99DZ80 is available in volumes. For pricing options, please contact your ST sales office.

About STMicroelectronics

STMicroelectronics is a global leader serving customers across the spectrum of electronics applications with innovative semiconductor solutions. ST aims to be the undisputed leader in multimedia convergence and power applications leveraging its vast array of technologies, design expertise and combination of intellectual property portfolio, strategic partnerships and manufacturing strength. In 2011, the Company’s net revenues were $9.73 billion. Further information on ST can be found at www.st.com.

Sourced From: Mutual PR

Carlsberg brings the UEFA EURO 2012™ Trophy to India!

For almost a quarter of a century, Carlsberg has been the official sponsor of the UEFA European Championships (EURO) - the world’s second largest football event - and, in 2012 Carlsberg continues this successful partnership. This year, the tournament will be held for the first time in Eastern Europe – in the exciting growth markets of Poland and Ukraine - from 8th June - 1st July. Carlsberg India, for the first time ever, will bring the UEFA EURO 2012™ Trophy to fans across a few cities in India this year, further endorsing Carlsberg's reputation as one of the most committed sponsors of football in the world.

Announcing this exciting initiative, Soren Lauridsen, Managing Director, Carlsberg India said, “True to our commitment of providing the best possible experience to Indian consumers, this association with UEFA EURO 2012™ represents another milestone to cement the relationship. We are extremely pleased and proud to be able to bring the Trophy to India for the first time and add to this nation's growing enthusiasm for football. Over the next few months, we will be implementing some exciting campaigns which will create further excitement about football and EURO 2012, at the same time allowing consumers and fans to connect with the Carlsberg brand.”

Carlsberg India has kicked off a ‘Vote to get the Trophy to your city’ campaign, encouraging fans to vote for their city in order that it has a chance to qualify and host the Trophy. Three cities out of Delhi, Mumbai, Kolkata, Hyderabad, Bengaluru, Goa, Kochi and Pune will get a chance to host this coveted Trophy. Fans will battle it out by simply liking the page and voting for their cities. The cities with the maximum votes will host the Trophy. Each fan can track the status of their city through The ‘Glass-o-Meter’ tracker on the vote to get the Trophy to your city page. To make sure your city hosts the UEFA EURO 2012™ Trophy, log on to www.facebook.com/Carlsberg and cast your vote now.

About Carlsberg India
Carlsberg India Pvt Ltd (CIPL) commenced operations in 2007 with the beginning of production in Paonta Sahib brewery in Himachal Pradesh. It now has five breweries, located in Paonta Sahib, Alwar, Aurangabad, Kolkata and Hyderabad. The product portfolio of the company includes its flagship brand Carlsberg and Carlsberg Elephant, Tuborg, Tuborg Strong and Palone 8. As a member of the Carlsberg Group, CIPL offers beer for every occasion and for every palate and lifestyle. CIPL focuses on developing and strengthening its brand portfolio through innovation and commitment to superior quality. Its commitment to the Indian market was further reinforced when it opened its Hyderabad brewery in December 2010. CIPL believes in serving the best in quality and service.

To know more about Carlsberg India, log on to www.carlsbergindia.com

About Carlsberg Group
The Carlsberg Group is one of the leading brewery groups in the world, with a large portfolio of beer and other beverage brands. The flagship brand – Carlsberg – is one of the best-known beer brands in the world and the Baltika, Carlsberg and Tuborg brands are among the six biggest brands in Europe. More than 43,000 people work for the Carlsberg Group, and its products are sold in more than 150 markets. In 2010, the Carlsberg Group sold more than 135 hectolitres of beer, which is about 40 billion bottles of beer annually.

Carlsberg’s long-standing involvement with football
Carlsberg is one of the longest standing sponsors of the European Football Championships, having first started in 1988, and is Official Partner to UEFA EURO 2012™. The brand has a long heritage of supporting football through major international sponsorships of national teams and international tournaments. Starting in the 1970’s, Carlsberg was the first commercial sponsor of the Danish national team and national league. The Denmark sponsorship continues today, along with partnerships with the national teams of England, Ireland and Serbia. In club football, Carlsberg has wide ranging partnerships throughout Europe and beyond, including a long-running association with Liverpool FC, a recently announced deal with Arsenal, plus Tottenham Hotspur (England), FC Copenhagen, OB-Odense (Denmark), Hamburg SV, Hertha Berlin, FC St. Pauli (Germany), FC Porto (Portugal) and many more.

Find out more at www.carlsberg.com, www.facebook.com/Carlsberg, www.carlsberggroup.com

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Indian filmmaker, 3 others win prestigious Sundance Institute | Mahindra Global Filmmaking Award

Sundance Institute and Mahindra today announced the winners of the prestigious 2012 Sundance Institute | Mahindra Global Filmmaking Award, in recognition and support of emerging independent filmmakers from around the world. The winning directors and projects are: Shonali Bose, Margarita. With A Straw from India; Ariel Kleiman, Partisan from Australia; Etienne Kallos, Vrystaat (Free State) from South Africa; and Dominga Sotomayor, Late To Die Young from Chile.

The awards were presented at a private ceremony at the Sundance Film Festival by Anand Mahindra, Vice Chairman & Managing Director, Mahindra Group; Rohit Khattar, Chairman, Mumbai Mantra, Michelle Satter, Director and Alesia Weston, Associate Director, Sundance Institute.

Anand Mahindra, Vice Chairman and Managing Director of the Mahindra Group, who presented the award to India’s Shonali Bose, said "Our core purpose is to use all our resources to drive positive change in the lives of our stakeholders and communities across the world - to enable them to Rise. The Global Filmmaking Award fits perfectly with this intent. We are delighted to assist the Sundance Institute in its mission of finding new voices in independent filmmaking from around the world."

"We are grateful to the Mahindra Group for building with us, this multifaceted program, which embraces our joint global commitment to nurturing new storytellers and getting their voices out to the widest possible audiences," said Sundance Institute President and Founder Robert Redford. "It is particularly exciting to join with Anand Mahindra and his Group to expand this collaboration by bringing Sundance Institute's renowned Screenwriters Lab program to India in March, to support one of the most extraordinary cultures on the globe," he added.

Rohit Khattar, Chairman, Mumbai Mantra, said, “We are at an exciting storytelling stage in the history of Independent Cinema in India. With the help of our partners, Sundance Institute, we are keen to recognize, nurture and hone extraordinary talent in India and across the world. We congratulate the four incredible filmmakers who have won the awards this year, and look forward to their next films with great anticipation.”

The Indian award winner Shonali Bose was ecstatic on her win and said, “I am deeply honoured to be the first Indian film maker to receive this prestigious award. To get an award at Sundance is a dream come true! My film, Margarita. With a Straw is indeed a global film rooted in India, and this award will make a huge difference to its life.  This is a fantastic initiative taken by the Mahindra Group and Sundance Institute, and will be a wonderful opportunity for so many talented independent filmmakers in our country. It will help India shine on the stage of world class cinema."

For the selection of the Award for the Indian project, the Global Filmmaking Award Nomination Committee comprised of eminent screenwriters, directors, film critics and film academics. They went through over 20 screenplays and directorial samples of the candidates. After intense debate and deliberation and consultation with the Sundance Institute, Shonali Bose was chosen to receive the award. The Global Filmmaking Award Nomination Committee in India included: Shabana Azmi (Actor, Activist), Shyam Benegal (Filmmaker), Ira Bhaskar (Film Professor), Anupama Chopra (Film Critic), Gautam Ghose (Filmmaker), K. Hariharan (Film Academy Director), Shekhar Kapur (Filmmaker), Anjum Rajabali (Screenwriter, Film Professor) and Ramesh Sippy (Filmmaker).

Each of the four winning filmmakers will receive a cash award of $10,000, attendance at the Sundance Film Festival for targeted industry and creative meetings, year-round mentoring from Institute staff and creative advisors, participation in a Feature Film Program Lab, and ongoing creative and strategic support. This marks the first year that one of the four award recipients is an Indian filmmaker – a commitment to fulfill the vision of Mahindra Group and of Sundance Institute to champion a new generation of Indian filmmakers.

The Sundance Institute | Mahindra Global Filmmaking Award is part of a multifaceted collaboration that exemplifies a commitment to and support of world cinema by the Mahindra Group, one of the largest industrial conglomerates in India known throughout the world for its dedication to excellence and to social responsibility, and the nonprofit Sundance Institute, one of the world’s leading cultural organizations.

The partnership, which also includes the establishment of the Mumbai Mantra | Sundance Institute Screenwriters Lab in India, extends over a three-year period. The Lab will provide an annual opportunity for eight Indian screenwriters to develop their works under the guidance of accomplished international screenwriters and directors in an environment that encourages storytelling at the highest level. The first Mumbai Mantra | Sundance Institute Screenwriting Lab shall take place in March 2012 in India.



THE WINNERS OF THE 2012 SUNDANCE INSTITUTE | MAHINDRA GLOBAL FILMMAKING AWARD ARE:

Shonali Bose / MARGARITA. WITH A STRAW (India):

She falls repeatedly in love, yearns to have sex and wants to be a Bollywood songwriter. Laila. A brilliant mind trapped in a disobedient body.

Shonali Bose has been an activist all her life. She received an MA in Political Science at Columbia University followed by an MFA in Directing from the UCLA School of Theater Film and Television. As a student at UCLA she received a number of awards: Ely Award for Best Documentary, Wasserman Award, Jack Sauter Award, Hollywood Radio and Television Society International Broadcasting Award, Motion Picture Association of America Award.

Bose’s first feature, Amu, based on the 1984 genocide against Sikhs, won two National Awards (Best Film, Best Director), the FIPRESCI Critics Award amongst ten international awards. The film was an official selection at the Berlin Film Festival, followed by Toronto and many others. The film was released theatrically in North America (2007) by Emerging Pictures and in India (2005) by Shringar. Bose converted the screenplay into a novel which was published by Penguin.

Bose co-wrote and co-produced the feature film Chittagong, directed by her husband Bedabrato Pain. The film is slated to release in 2012. She currently lives in Delhi.



Etienne Kallos / VRYSTAAT (FREE STATE) (South Africa):

Set during the annual corn harvest in the Free State, Vrystaat explores the rites of passage into manhood for a new generation as they navigate identity and sexuality within the fractured realm of post-Colonial Africa. Developed in conjunction with the Sundance Institute Screenwriters Lab and the Cannes Cinefondacion Residence.

Etienne Kallos is a Greek/South African filmmaker with an MFA in film directing from NYU. His work has screened at festivals worldwide, including Sundance, Cannes, Berlin, and Telluride. His film Eersgeborene was the first Afrikaans-language film to be awarded a Lion for Best Short Film at the 2009 Venice Film Festival. He recently developed Vrystaat at the Cannes Cinefondation Residence program in Paris

Ariel Kleiman / PARTISAN (Australia):

In an undisclosed commune cut-off from the outside world, a guarded criminal named Gregori controls a group of women and children who not only assist him on the farm but also carry out dangerous assassinations in the neighboring towns. His authority is undisputed until one child, Alexander, decides to quietly undermine his plans.

Ariel Kleiman last appeared at Sundance with his short film DEEPER THAN YESTERDAY, which received the Jury Prize in International Filmmaking. The year prior, his student film YOUNG LOVE received Honorable Mention in Short Filmmaking.



Dominga Sotomayor / TARDE PARA MORIR JOVEN (LATE TO DIE YOUNG) (Chile):

In an isolated community far from the city, three women face a forest fire that threatens their sense of belonging and their lives.

Dominga Sotomayor was born in Santiago de Chile in 1985. In 2007, after finishing her Direction studies at the Universidad Católica de Chile, she received a scholarship to complete a Masters in Film Direction at the ESCAC, Barcelona. She has taught film at Universidad de Chile and Universidad Católica, in Santiago.

She has recently finished her first feature film, DE JUEVES A DOMINGO (Thursday To Sunday), which was selected to participate in the Cannes Cinéfondation Résidence and supported by Hubert Bals Fund, Fondo de Fomento Audiovisual (Chile) and CORFO.

Dominga has also directed the short films CESSNA (2005), NOVIEMBRE [November] (2007), DEBAJO [Below] (2007), LA MONTAÑA [The Mountain] (2008) and VIDEOJUEGO [Videogame] (2009) which have taken part and received awards in different festivals.

TARDE PARA MORIR JOVEN is her second feature film. The project has been previously developed at the Binger Filmlab and the Jerusalem International Film Lab.



About Sundance Institute

Sundance Institute is a global nonprofit organization founded by Robert Redford in 1981. Through its artistic development programs for directors, screenwriters, producers, composers and playwrights, the Institute seeks to discover and support independent film and theatre artists from the United States and around the world, and to introduce audiences to their new work. The Institute promotes independent storytelling to inform, inspire, and unite diverse populations around the globe. Internationally recognized for its annual Sundance Film Festival, Sundance Institute has nurtured such projects as Born into Brothels, Trouble the Water, Son of Babylon, Amreeka, An Inconvenient Truth, Spring Awakening, I Am My Own Wife, Light in the Piazza and Angels in America. Join Sundance Institute on Facebook, Twitter and YouTube.

About Mahindra Group

Mahindra embarked on its journey in 1945 by assembling the Willys Jeep in India and is now a US $14.4 billion Indian multinational. It employs over 1,44,000 people across the globe and enjoys a leadership position in utility vehicles, tractors and information technology, with a significant and growing presence in financial services, tourism, infrastructure development, trade logistics and, recently, the entertainment industry.

Its media and entertainment company, Mumbai Mantra Media Ltd, presented Indian National Award-winning Best Feature Film, ‘Antaheen’ in 2009, and has recently co-produced ‘The Tempest’ directed by Julie Taymor . It is evaluating various opportunities in the media and entertainment space in India as well as internationally. www.mumbaimantra.com

The Mahindra Group has a long standing commitment to the arts and humanities. The Mahindra Excellence in Theatre Awards (META) were created to encourage both emerging and established theatre and celebrated its Sixth Anniversary in 2011. The Group’s encouragement and support to world music will be at its fore at the second annual Mahindra Blues Festival in Mumbai  in February 2012 – the largest festival of its kind in Asia, showcasing the best international Blues artists and providing a common platform for emerging Indian Blues bands.

Mr. Anand Mahindra, Vice Chairman & Managing Director of the Mahindra Group, recently gave an endowment of $10 million to the Humanities Centre at the Harvard University, his alma mater.

To encourage and support the ‘young and the unknown’ and to give back to the communities it operates in, has been the core of the Mahindra Group’s involvement in art and culture. www.mahindra.com.

DS Research Centre Launches Nationwide Special Drive On World Cancer Day

D. S. Research Center, a premier research institute developing treatments through the Science of Nutrient Energy based on Ancient Ayurveda across India, will launch a special nationwide drive to create awareness about cancer, its treatments and rehabilitation.  The institute will organize Cancer Awareness walkathon as well as free registration and consultation for cancer patient for 3 days  in  Bangalore, Mumbai, Kolkata, Varanasi and Guwahati.

The walkathon begins in Bangalore at 9.00 am, on 4th February 2012 at  DS Research Centre premises,53 shirdi sai mandir road,Cambridge lay out and traverse through Ulsoor Police Station to  Lido Mall.

Free registration and consultation for cancer patient for 3 days i.e. 4^th February, 6^th & 7^th February 2012.

Dr. Geethanjali  Mada, Said, “Cancer is no longer a fatal fear, we all can fight it and the only thing that we need is “THE RAY OF HOPE” and spread this simple message. This walkathon is a salutation to those who have fought Cancer and a message to those who are still fighting for the survival. We expect non-patients to also participate in this initiative to cheer everyone and spread the message.”

It is estimated that there are nearly 1.5 to 2 million cancer cases at any given point of time. Over seven lakh new cases are added, while 3 lakh deaths occur annually due to various forms of cancer. Nearly 15 lakh patients require facilities for diagnosis, treatment and follow up at a given time. Data from population-based registries under National Cancer Registry Programme indicate that the leading sites of cancer are oral cavity, lungs, oesophagus and stomach amongst men and cervix, breast and oral cavity amongst women. Ayurveda and Nutrient Energy based medicine is amongst the most sought after treatment by patients.

D.S. Research Center was established in the year of 1965 at Varanasi, under the guidance of Dr. Uma Shankar Tiwari and Prof. Shiva Shankar Trivedi. The contribution of D. S. Research Center towards cancer treatment has not only created a stir in India but has also reached to international countries. Its success has been phenomenal with five units spreading the ‘ray of hope’ at Varanasi (Uttar Pradesh), Kolkata (West Bengal), Guwahati (Assam), Bangalore (Karnataka) Mumbai (Maharashtra). D.S. Research Centre believes that over 45 years of research on the dreaded diseases, through the science of "Nutrient Energy" based on Ancient Ayurveda is the only hope to cure the incurable.　

For more details please call on the no.+91 80 43 414141

D.S. Research Centre              

53, Shirdi Sai Mandir Road      

Cambridge Layout                    

Bangaluru- 560008                    

Phone +91 80 43 414141

Sourced From: April Media PR

SAP Achieves 2011 Sustainability Goals with Increases in Carbon Efficiency, Women in Management and Employee Engagement

Executing on its commitment to help the world run better and improve people’s lives, SAP AG (NYSE: SAP) today announced its preliminary sustainability performance results for 2011. As a leading provider of sustainability solutions, SAP also strives to implement sustainable business practices across its own global operations.

For the fifth consecutive year, SAP has increased its carbon efficiency from 36.4 grams per Euro in 2010 to 34.3 grams per Euro in 2011 (measured in emissions caused per Euro revenue). Due to software revenue increases of 25 percent at constant currencies, the company’s worldwide greenhouse gas (GHG) emissions increased eight percent to 490 kilotons in comparison to 455 kilotons, including Sybase, in 2010. Despite the increase in carbon emissions, SAP beat its published 2011 target by three percent and remains on track to achieve its target of reducing emissions to year-2000 levels by 2020. The company’s focused energy and sustainability initiatives have led to a cumulative cost avoidance of EUR190 million since 2008 and EUR25 million alone in 2011, in comparison to a business as usual extrapolation based on 2007.

Part of SAP’s overall sustainability goals is fostering a diverse workforce, which includes increasing the number of women in management. In 2011, the company employed 18.6 percent women in management, compared to 17.9 percent in 2010. SAP has set a long-term target to increase the share of women in management to 25 percent by the year 2017, and has started a variety of internal activities, including mentoring and coaching.

Other achievements in 2011 include an increase in employee engagement. SAP measures its employees’ motivation and satisfaction at work with the help of a survey that is the basis for the computation of its employee engagement index. During 2011, the index grew by nine percentage points to the level of 77 percent, a significant increase in comparison to last year. Additionally, the Business Health Culture Index assesses how employees feel about their personal well-being and the company work environment. It increased from 59 percent favorability in 2010 to 65 percent in 2011.

“SAP has made sustainability its purpose, as business software innovation helps companies grow more profitably and responsibly,” said Peter Graf, chief sustainability officer, SAP AG. “In 2011, we’ve been able to make significant strides toward more sustainable business practices across the board. However, it is also clear that more work needs to be done to hit our long-term targets, including the reduction of our energy consumption and accompanying emissions to year-2000 level by 2020.”

For the complete quarterly update, including emissions data, access the 2010 SAP Sustainability Report at www.sapsustainabilityreport.com. For more information, visit the SAP Newsroom. Follow SAP on Twitter at @sapnews and @sustainableSAP.

Sourced From: Genesis Burson-Maresteller

McAfee Application Control provides endpoint security

The latest release of McAfee Application Control is integrated with McAfee Global Threat Intelligence to show the file reputation of every file in the enterprise. This feature coupled with whitelisting and memory protection makes it an ideal solution for blocking advanced persistent threats and zero-day attacks. The solution is centrally managed by McAfee ePolicy Orchestrator software and uses a dynamic trust model which reduces costs by eliminating expensive manual support requirements.
McAfee Application Control is now a powerful solution for corporate desktops with the introduction of a set of desktop-specific features including friendly end user notifications and approval requests.  Protecting the desktop and the endpoint is essential as that is often a vulnerable point subject to human error.  Employees and online users can unintentionally introduce software that installs malware, creates support issues, and violates software licenses — compromising systems and the overall business.  McAfee Application Control allows only trusted applications to run on the company’s endpoints and servers.

McAfee Application Control Key Features:



·         McAfee Global Threat Intelligence – a cloud based knowledge of reputation of files which is used by McAfee Application Control to classify applications as good or bad. This feature indicates whether any malware is being whitelisted inadvertently and also highlights files without a reputation, which need to be investigated internally.



·         Dynamic Whitelisting - can configure it such that the whitelist will grow dynamically when systems are patched and updated, which alleviates the hassle of manual updates to the whitelist.



·         Memory Protection - helps ensure that the whitelisted programs which might contain some inherent vulnerabilities cannot be exploited through a buffer overflow or other means. This feature helps prevent complex threats from circumventing whitelisting.



·         McAfee Ecosystem - well integrated within the McAfee product ecosystem to create a multi-faceted whitelisting solution.  Integration with the ePolicy Orchestrator platform gives organizations a single security console to manage all their security solutions thus improving operational efficiency. Additionally, integration with McAfee Risk Advisor helps prioritize which systems to patch first and offers visibility on whether or not McAfee Application Control gives them coverage from the most recent threats. Building upon the whitelisting capabilities, is McAfee Host Intrusion Prevention which can be used to firewall files with unknown reputations.



“As enterprises face an avalanche of unknown software from the web, McAfee Application Control provides the essential layer of defense for protecting enterprises from advanced unknown threats,” said Martin Ward, senior director of endpoint solutions at McAfee.  “McAfee is now extending this protection which has been available on servers and fixed function devices to corporate desktops in a solution which is scalable to the largest enterprises.” 


For more information on McAfee Application Control, visit the product page or watch the video.
About McAfee
McAfee, a wholly owned subsidiary of Intel Corporation (NASDAQ:INTC), is the world's largest dedicated security technology company. McAfee delivers proactive and proven solutions and services that help secure systems, networks, and mobile devices around the world, allowing users to safely connect to the Internet, browse and shop the Web more securely. Backed by its unrivaled Global Threat Intelligence, McAfee creates innovative products that empower home users, businesses, the public sector and service providers by enabling them to prove compliance with regulations, protect data, prevent disruptions, identify vulnerabilities, and continuously monitor and improve their security. McAfee is relentlessly focused on constantly finding new ways to keep our customers safe. http://www.mcafee.com

Sourced From: Text100 PR,

Hide & Peek Introduces Fun Filled February

Hide & Peek, a leading chain of play centre for young children, has planned a host of activity for the month of February. Some of the innovative activities include JumpBunch and Junior Master Chef. Besides, Karate, Rhythm & Rhyme and Kinderdance programmes will provide learning opportunities to the pre-schoolers in short fun filled sessions ranging from 4 days to 10 days.

JumpBunch is a set of innovative set of activities to introduce pre-schoolers to sports and fitness. It improves the motor skills, eye-hand coordination and body balance and encourages the toddlers to a lifetime regime of exercises. JumpBunch sessions will take places on Mondays and Tuesdays and each child will go through 8 sessions at just Rs 1600/-.

The idea behind Junior Master Chef is not to produce bright young cooks, but start with the very basics of identifying various fruits, vegetables and seasonings to different types of utensils. Kids can be enrolled in the Junior Master Chef Sessions that will take place on Mondays and Thursdays. The four period activity will cost Rs 1500/-.

Roshini  Thadini, Director of Hide & Peek informed, “There has been overwhelming response to the New year initiatives we introduced in line with our principle that urban spaces, rich in culture, diversity and experiences, can provide and nurture the creative world of our children. We are now introducing some very innovative learning exercises that are fun and encourage children to explore our world simultaneously before the summer vacation ensues.”

Karate classes will take places on Saturday and Sundays, a total of 8 session costing Rs 800/-. Children can learn basics of Kinderdance in 4 sessions that are planned each Thursday and costs just Rs 800/-. Tiny Tots will be taught to groove in the Rhythm and Rhyme sessions. There will be 10 classes organized every Wednesday.

Hide & Peek, earlier known as Peekaboo, is a warm ‘n bright place, spread over 4,500 sq. ft of childrens' indoor and outdoor play centre. Come rain or sunshine, hide & peek is designed for children birth through elementary age and offers a safe and family-friendly play environment in which both children and parents can have fun! The playschool encourages children to enjoy outdoor playing and discover their world by themselves.

For more information, timings and registration please call:

Ph: 080-40967236/37
Mob: 9945600805

Sourced From: April Media PR,

Karnataka winners from the South Zone for the National Finals of the Coca-Cola Mir Iqbal Hussain Trophy, 2011- 2012

Teams from Karnataka and Tamil Nadu have emerged as the South Zone winners of the Coca-Cola Mir Iqbal Hussain Trophy, 2011-2012. The 34th Sub-Junior National Football Championship being played under the aegis of the Mir Iqbal Hussain Trophy (MIHT) is a grassroots level championship organized by Coca-Cola India in association with All India Football Federation, to discover the most promising young footballers for the Under-16 Indian football team.

The teams from Karnataka and Tamil Nadu would now be amongst the final 10 teams to compete in the National finals for the prestigious trophy. Mr. Krishna Kiran, Area Sales Manager, Hindustan Coca-Cola Beverages Pvt Ltd, Hosur presented the Winner's trophy to the winning teams in the presence of Mr. B.K. Muniraj, Governor Body Member of Karnataka State Football Association, Mr. Bala Subramanium, Vice President Tamil Nadu Football Association, Mr. M. P. Swami, Chairman Banglore District Football Association, Mr. Balkrishna Reddy, Chairman of Hosur Municipality.

Speaking on the occasion, Mr. Krishna Kiran, Area Sales Manager, Hindustan Coca-Cola Beverages Pvt Ltd said, "With Coca-Cola Mir Iqbal Hussain Trophy, we are committed to nurture potential football superstars of tomorrow by providing them with a platform and an opportunity to develop their inherent talent.  We are a Company with a worldwide focus on football and believe in promoting a healthy, active lifestyle. We believe that Indian football has huge potential and by supporting AIFF for this tournament, we are tapping young football talent to train them according to International football standards. I would like to congratulate the new South Zone winners - the teams from Karnataka and Tamil Nadu on their exceptional performance and wish them all the best for the next level. We have seen some challenging competition so far, and look forward to some exciting football action in the National Finals."
The initiative takes forward Coca-Cola India's commitment to create a sporting culture and promote healthy, active living in the country through its association with various sports. This year, the tournament witnessed participation from 40,000 young footballers from 2500 schools across 76 cities in 27 states.

According to Kushal Das, General Secretary, AlI India Football Federation (AIFF), "Sporting events such as The Coca-Cola Mir Iqbal Hussain Trophy, provide young footballers with an opportunity to showcase their talent and to be a part of the India Under-16 Football Team. We have received an overwhelming response over the last two years and we are thrilled to take this nationwide tournament to the next level. We are working towards providing the right infrastructure and training facilities to the youth and our partnership with Coca-Cola India is a boost to our plans. We believe that this tournament will play an active role in encouraging youngsters to adopt football as their preferred sport. I wish all the very best to the teams from Karnataka and Tamil Nadu on winning the South Zonal finals and I hope that they continue the momentum in the National Finals".

Details about the Winning Teams:

Karnataka Captain: Shelton Nicxon
Match played against - Kerela team
Final score: 1-0

Tamil Nadu Captain:  C. Dinesh Kumar
Match played against - Pondicherry team
Final Score: 16-0

More About The Coca-Cola Mir Iqbal Hussain Trophy
The Coca-Cola Mir Iqbal Hussain Trophy, an annual grass root level football tournament is organized by AIFF since 1977. Players born on or after 1-1-97 were eligible to participate in the tournament. The initiative aims to discover budding football talent in the country and prepare a strong team for the Under-16 Indian Football team for 2011. This year it will be played across 76 cities tapping over 40,000 young footballers from 2500 schools.

The tournament is played in the following format:
§         Stage I (District & State Level): The tournament began with Inter-School tournaments at a District Level. This was followed by a competition or a skill trial among talented football players organized by the various District Football Associations. District level teams then competed within their State, where the State Football Association selected a team to represent the respective state at the Regional level. Inter-State Tournaments were held in 5 regional rounds.

§         Stage II (Zonal Level): 27 state teams will compete with each other across four zones- (a) North East, (b) South (c) WEST (d) East and (e) North. Top two teams from each zone will then advance to the national level.

§         Stage III (National Level):  Ten teams from the zonal level will then qualify for the national level which will be played at Goa in March, 2012. In the end, two teams will play the National Finals with the winners lifting the 'Coca-Cola Mir Iqbal Hussain Trophy' 2011-2012.

§         During the Stage III: AIFF talent spotters will identify and short-list 40 promising young footballers who would be coached and groomed to form the National Under-16 Sub-Junior Team.


About All India Football Federation (AIFF)
 The All India Football Federation was formed in 1937 and was affiliated to FIFA in 1948. AIFF is one of the founder members of the Asian Football Confederation (AFC). AIFF is the official football aegis of India that manages, governs, controls and regulates the sport in the country. AIFF manages the competitions such as I-League, Federation Cup, Santosh Trophy and the age-group competition for boys, girls, men and women. On the other hand the federation focuses on the development side of the sport i.e. grassroots, coaching and other technical areas associated with football in India.

About Coca-Cola India
 Coca-Cola in India refreshes millions of consumers throughout the country with an exciting range of beverages including Coca-Cola, Diet Coke, Thums Up, Fanta, Limca, Sprite, Maaza, Maaza Milky Delite, Minute Maid Pulpy Orange, Minute Maid Nimbu Fresh, Minute Maid Mixed Fruit, Minute Maid 100 % juice (Minute Maid Apple, Minute Maid Orange, Minute Maid Grape), Georgia, Georgia Gold, Kinley, Kinley Club Soda, Burn and Nestea through a network of more than one and a half million outlets. The Coca-Cola India system has invested more than US$ 2 billion in its Indian operations and provides direct employment to more than 25,000 people. For more information and details on the company's Indian operations please visit:
www.coca-colaindia.com and www.myenjoyzone.com  

Sourced From: Perfect Relations

Two day All India IRS convention held in Bangalore

The All India Convention of the Indian Revenue Service Association was inaugurated by Shri V. Narayanasamy, Minister of State for Personnel, Parliamentary Affairs and PMO on 20th of January 21, 2012 in Bangalore. While inaugurating the convention the Minister lauded the contribution of IRS to State exchequer by noting the more than 65% of the total tax collection is contributed by the IRS. The minister also noted that the direct tax collection will exceed Rs. 5,00,000 crores in the current financial year, inspite of slow down in the economy.
Mr. Narayanasamy Noted that the tax collections have tripled between F.Y. 2005-06 to F.Y. 2011-12; whereas the staff strength of the IT Department has reduced by more than 10% in the corresponding period. The Minister assured the IRS officers that their long pending cadre restructuring proposal would be approved with in a fortnight, providing for a large number of additional sanctioned  posts in the Income Tax Department at all levels including HAG, HAG+ and Apex scales.  The Minister suggested that the cadre restructuring study should happen at least once in five year in IRS as well as other central cadres. The Minister also announced the cabinet decision to grant a fixed tenure for the Chairman of CBDT
The valedictory address of the convention was given on 21st January by Mr. M.C. Joshi, Chairman of the Central Board of Direct Taxes. The Chairman announced the creation of a total of 24 posts of Income Tax   Overseas Units (ITOUs) in important countries of the world. The Chairman also announced filling up of 21,000 vacant posts at lower levels of the IT Department. The Chairman has released a Souvenir on this occasion.
The two day All India Convention was attended by about 200 delegates from all across the country representing IRS Associations of respective regions. The Convention urged upon the Finance Minister to create a separate Direct Tax Department independent of the Department of Revenue, with the Chairman CBDT as the Secretary. The Convention passed few resolutions after due deliberations. It has been decided that the next All India IRS Association Convention will be held in Hyderabad.


Sourced From: Indian Revenue Service Association

VMware Reports Fourth Quarter and Full Year 2011 Results

VMware, Inc. (NYSE: VMW), the global leader in virtualization and cloud infrastructure, today announced financial results for the fourth quarter and full year of 2011:

 ·         Revenues for the fourth quarter were $1.06 billion, an increase of 27% from the fourth quarter of 2010, and an increase of 26% measured in constant currency.

·         Operating income for the fourth quarter was $214 million, an increase of 64% from the fourth quarter of 2010. Non-GAAP operating income for the fourth quarter was $338 million, an increase of 37% from the fourth quarter of 2010.

·         Net income for the fourth quarter was $200 million, or $0.46 per diluted share, compared to $120 million, or $0.28 per diluted share, for the fourth quarter of 2010. Non-GAAP net income for the quarter was $266 million, or $0.62 per diluted share, compared to $198 million, or $0.46 per diluted share, for the fourth quarter of 2010.

·         Operating cash flows for the fourth quarter were $561 million, an increase of 38% from the fourth quarter of 2010. Free cash flows for the quarter were $535 million, an increase of 32% from the fourth quarter of 2010.

·         Revenues for 2011 were $3.77 billion, an increase of 32% from 2010.

·         Operating income for 2011 was $735 million, an increase of 72% from 2010. Non-GAAP operating income for 2011 was $1.17 billion, an increase of 43% from 2010.

·         Net income for 2011 was $724 million, or $1.68 per diluted share, compared to $357 million, or $0.84 per diluted share, for 2010. Non-GAAP net income for 2011 was $936 million, or $2.17 per diluted share, compared to $639 million, or $1.51 per diluted share, for 2010.

·         Operating cash flows for 2011 were $2.03 billion, an increase of 72% and free cash flows for the year were $1.95 billion, an increase of 62% from 2010.

·         Cash, cash equivalents and short-term investments were $4.51 billion and unearned revenue was $2.71 billion as of December 31, 2011.



U.S. revenues for 2011 grew 26% to $1.82 billion from 2010. International revenues grew 38% to $1.94 billion from 2010. License revenues for 2011 were $1.84 billion, an increase of 31% from 2010. Service revenues, which include software maintenance and professional services, were $1.93 billion for 2011, an increase of 32% from 2010.



“The quarter’s strong performance further signals that virtualization is the foundation for simplifying and automating IT,” said Paul Maritz, chief executive officer, VMware. “As customers continue to drive significant IT transformation, our task remains in providing solutions that go beyond cost reduction, yielding business and competitive value.”

“We are pleased with our record fourth quarter results,” said Mark Peek, chief financial officer, VMware. “Our investments over the years have clearly paid off and we will continue to take advantage of long-term opportunities ahead. First quarter 2012 revenues are expected to be in the range of $1.015 and $1.040 billion, an increase of 20% to 23% from the first quarter 2011.

Annual 2012 revenues are expected to be in the range of $4.475 and $4.6 billion, an increase of

19% to 22% from 2011, and annual license revenues are expected to grow between 11% and

16%.”

 Recent Highlights & Strategic Announcements

·         In October 2011, VMware unveiled three product suites designed to simplify and automate IT management. With significant enhancements to VMware® vCenter Operations™ and the introduction of new VMware® vFabric Application Management™ and VMware® IT Business Management suites, VMware will help customers amplify the value of their virtual environments and achieve the agility and economics of cloud computing.

·         VMware announced VMware vCenter™ Protect Essentials Plus™, a complete on premise management system designed to meet the needs of the small and midsize businesses (SMBs) and enhancements to its VMware Go Pro™ service, simplifying IT management for SMBs.

·         VMware announced VMware® Horizon Mobile, a simple way for IT departments to securely provision, manage and de-provision a corporate mobile workspace to an employee’s Android device over-the-air, while enabling the employee to retain the privacy and control of their personal mobile environments. VMware Horizon Mobile is expected to be available in early 2012.

·         In December 2011, VMware announced new VMware View™ Clients for Kindle Fire, Mac and Linux, along with updates to its popular VMware View Clients for Android and iPad.

 The new VMware View Clients for Mac and Linux enable IT organizations to empower more agile, productive and connected workforce or school communities by providing an easy-to-access, high-fidelity desktop virtualization experience optimized for the device of their choice. The new VMware View™ Clients for Mac and Linux are expected to be available in early 2012.

VMware plans to host a conference call today to review its fourth quarter and 2011 results and to discuss its financial outlook. The call is scheduled to begin at 2:00 p.m. PT/ 5:00 p.m. ET and can be accessed via the Web at http://ir.vmware.com. The webcast will be available live, and a replay will be available following completion of the live broadcast for approximately 60 days.

About VMware

VMware is the leader in virtualization and cloud infrastructure solutions that enable businesses to thrive in the Cloud Era. Customers rely on VMware to help them transform the way they build, deliver and consume Information Technology resources in a manner that is evolutionary and based on their specific needs. With 2011 revenues of $3.77 billion, VMware has more than 300,000 customers and 25,000 partners. The company is headquartered in Silicon Valley with offices throughout the world and can be found online at www.vmware.com.


Sourced From: VOX Public Relations India

HP Appoints Jim Merritt as Senior Vice President and General Manager of Enterprise Sales in Asia-Pacific

HP announced the appointment of Jim Merritt as senior vice president and general manager of Enterprise Servers, Storage and Networking (ESSN) Sales in Asia Pacific and Japan (APJ).

Merritt brings a successful history of revenue and profit growth while building a high-performance sales culture to improve accountability, results and customer focus. He will report to Dave Donatelli, executive vice president and general manager of ESSN and Technology Services.
 “With APJ organizations increasingly leading the way to cloud computing and other service-driven IT models, they need an innovative and experienced technology partner to help them drive their businesses forward,” said Donatelli. “James brings an exceptional talent for understanding customers’ needs, particularly as they apply in the dynamic APJ marketplace.”
Merritt has held a number of global and regional senior management posts, most recently at Dell, where he was president of Global Sales with responsibilities for both direct and indirect sales to corporate customers. He spent the last 13 years with Dell in global and regional sales roles, including four years within APJ. Under his leadership, the APJ region achieved strong, double digit revenue and profit growth.

Prior to Dell, Merritt spent more than 15 years with IBM in a variety of leadership roles, including vice president of Worldwide Marketing and Strategy for the server group.

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 to solve customer problems. More information about HP (NYSE: HPQ) is available at http://www.hp.com.


Sourced From: Genesis Burson Marsteller

Young Trisha S Kumar to play alongside pros Anirban Lahiri, Manav Jaini and Abhishek Jha in the Louis Philippe Cup

It was a long day at the Karnataka Golf Association as more than 200 golfers battled for a place on the Puravankara Bangalore amateur team. Khalin Joshi and Toyota IGU player of the year Syed Saqib Ahmed started off as the favourites on a day when city's upcoming amateur golfer Trisha S Kumar upset all calculations.  




The day belonged to young Trisha S Kumar who started at a handicap of ten and played superbly to emerge the winner with 6 under her handicap net score of 66. Khalin Joshi fought hard with a 1 under par score of 71 even as Syed Saqib Ahmed struggled, scoring a 9 over par 81.


Speaking about the newest entrant into the Puravankara Bangalore amateur team Rishi Narain, Founder of Rishi Narain Golf Management, the promoters of the Louis Philippe Cup said "The main aim of the Louis Philippe Cup is to popularize golf across the country and give amateurs a chance to play on the big stage. We are glad that young amateurs are excited by this opportunity and we are happy to unearth new talents like Trisha and provide an opportunity for them to prove their mettle."


Trisha will now join B. K Satish Kumar from Eagleton on the Puravankara Bangalore amateur team and play alongside the likes of 2011 Panasonic Open winner Anirban Lahiri, Delhi golfer Manav Jaini and Abhishek Jaha for the City pro-am title on the 7th and 8h March of the Louis Philippe Cup.


About the Louis Philippe Cup:


The Louis Philippe Cup, with its new IPL-style format, and Rs.1.20 crore purse will be the richest domestic event on the PGTI calendar. All the top ranked golfers on the PGTI circuit including former Asian Tour Player of the Year Jyoti Randhawa, European Tour regular Shiv Kapur, two time European Tour winner SSP Chowrasia, two time Asian Tour winner Gaganjeet Bhullar, 2011 Asian Tour winner Anirban Lahiri, 2011 Singapore Classic winner Himmat Rai and current No.1 in the Rolex-PGTI rankings Chiragh Kumar have confirmed their participation in the extravaganza.


Sourced From:PlayRight PR

Vijaya Bank's Financial Results for the Quarter Ended 31 Dec 2012 (Q3)

                                                          Q3 HIGHLIGHTS

Total business reaches all time high of Rs.137594 crores

up by 28%

Advances  up by 28.16%

Deposits up by 28.34%

Yield on advances at 11.82% Vs 10.32%

                               Capital Adequacy (Basel II) at 12.39%  

For the third quarter of the financial year 2001-12, Vijaya Bank posted a Net Profit of Rs.124.27 Crore as against Net Profit of Rs.151.80 Crore for the corresponding quarter of last year.  "Given the delinquency and restructuring of certain large borrowal accounts, the numbers posted  for the quarter ended December, 2011 are considered reasonable and the Bank has taken strategic steps for ensuring sustained growth " said Shri H S U Kamath, C&MD of the Bank.   

Total business of the Bank reached an all time high figure of Rs.137594 crore  comprising deposits of Rs.81756 crore and advances of Rs.55838 crore.  Interest income on advances of the Bank for the quarter increased by 51.40% and income on investments by 11.21%.  Other income also registered a decent growth of 13.72% aided mainly by increase in the trading profit by 27.27%. 

Net profit of  Rs. 124.27  crore is after making provision of Rs.111  crore towards non-performing assets and Rs.39 crore towards diminution in the value of certain borrowal accounts due to restructuring.  Capital to risk weighted assets is comfortable at 12.39% (Basel  II) with Tier I ratio at 9.00% and Tier II ratio at 3.39%.  In line with the RBI guidelines, net profit for the nine months is not considered for arriving at the Tier I capital.

Yield on advances of the Bank for the 9 months ended 31.12.2011 improved to 11.62% against 10.13% for the corresponding period of the previous year.  Total interest income on advances for the nine months ended Dec’11 is at Rs.4403 crore against Rs.3015 crore for the nine months ended Dec’10 registering a growth of 46.04%.    Similarly, income on investments for the 9 months ended Dec’11 improved to Rs.1381 crore against Rs.1185 crore for the corresponding previous year period ie, up by 16.54%.  For the nine months ended on Dec ’11, the Bank posted a net profit of Rs.400.02 crore

Total business of the Bank as on 31.12.2011 is at  Rs.137594 crore  comprising deposits of Rs.81756 crore and advances of Rs.55838 crore. Within the overall advances, priority sector advances of the Bank aggregated to Rs.16942 Crore registering a growth of 10.23%.  Agricultural loans increased to Rs.6082  Crore, up by 19.38% and loans to MSME sector reached Rs.7784 Crore registering a growth of 19.52%.  Loans to women beneficiaries increased by 21.31% and weaker sections by 7%. Educational loan portfolio of the Bank was at Rs. 649 Crore, up by 8%.

 

MAJOR DEVELOPMENTS / INITIATIVES:

• Total number of branches increased to 1252 as on 31.12.2011.  Further 13 new branches were opened after 31.12.2011 taking the total number of branches to 1265.
• Total number of ATMs reached 669. Number of ATMs opened during nine months is 124 and 107 during December, 2011 quarter.
• V-Samrudhi, term deposit scheme launched.
• Housing and MSME loan melas at all major centers conducted.
• Under Financial inclusion, out of 406 village with above 2000 population allotted to the Bank, 394 villages have already been covered.  Smart card enabled accounts numbering 1.55 lac have been opened in these villages.  Mobile vans are provided in three more districts viz., Dharwar, Haveri and Udupi for out reach to FI villages.

GUIDANCE MARCH 2012

• Bank aims to reach a business level of Rs.1,44,000 crore with a deposit target of Rs. 85000 crore and advance target of Rs. 59000 crore.
• Rolling out of new  branches and new ATMs.
• Steps taken for improving retail and priority sector advances have started yielding results and the Bank is confident of posting improvement under these segments.
• Focus on improving the NIM by mobilising more CASA and retail deposits to reduce costs and increasing retail / mid-corporate advances for improving the yields.
• Emphasis on increasing the fee based income by focusing on marketing of bancassurance products and other avenues like credit syndication.
• Focus on special watch accounts to arrest further slippages and also on recoveries in NPA accounts for upgradation.
• Take advantage of the market dynamics and improve yield on investments.

Sourced From: Vijaya Bank