Federal Bank revises interest rates on resident and NRI deposits

Mumbai- Federal Bank revised interest rates on rupee deposits from resident and non-resident customers. The bank has increased rate to 9.00% on maturity period of one year to three years. The extant rate of interest on deposits of ‘above 1 year to 3 years’ maturity bucket is 8.75%. For resident depositors, rate of interest for deposits has been increased in the ’91 days to 119 days’ band to 7.50% from 7.00%.    Revised rates of interest for resident customers for other maturity periods are as follows:

TenureInterest                       Rate

7 days to 45 days                  5.00%
46 days to 90 days                7.00%
120 days to 180 days            7.00%
181 days to less than 1 year   8.50%
Above 3 years                       8.75%

Resident Senior Citizens are eligible for additional interest of 0.50%. For NRI Term Deposits, for maturities from one year to three years the rate offered is 9.00%. Above three years the rate is 8.75%  The above rates are effective from December 24, 2012.

Sobha bags two prestigious CNBC Real Estate Awards (2012)

Company wins the Most Reliable Real Estate Developer Award – Consumer Choice

Sobha Elite honoured with the Best Residential Project

Bangalore, December 24, 2012: Realty major Sobha Developers Ltd. has been bestowed with two

valuable recognitions at the CNBC Awaaz Real Estate Awards, which were held on December 22, 2012, at

Hotel Trident, Nariman Point, Mumbai.

Sobha was declared the Most Reliable Real Estate Developer as voted by consumers at the national

level. One of the company’s projects, Sobha Elite, won the Best Residential Project in the mid segment

category (Rs. 35 lakh – Rs. 1 crore, with 70% or more completion) at the city level.

The award was received by Mr. Ramakrishnan P., Deputy Managing Director, Sobha Developers

Ltd., from Shri Ajay Maken, Minister of Housing and Urban Poverty Alleviation. The award for

Sobha Elite was received by Ms. Shilpika Grover, AVP – National Sales, Sobha Developers Ltd.

Expressing his happiness on the receipt of the awards, Mr. Ramakrishnan P., said, “Our customers are the

heart of our operations. I would like to take this opportunity to heartily thank each and every one of them for

their kind patronage. We, at Sobha, pledge to continue enhancing customer experience through world-class

quality and impeccable service.”

Commenting on the achievement, Mr. J.C. Sharma, Vice Chairman and Managing Director, Sobha

Developers Ltd., said, “The ‘Most Reliable Real Estate Developer Award’ means a lot to us. Behind this

success are well designed systems and processes that incorporate transparency, a value-driven and customer

centric approach and reliability – all in line with the best global practices. We take it as a challenge to

successfully meet the constantly growing demand for real estate through quality work and timely deliveries.

We will continue to follow the path of perfection. I thank all our stakeholders for their continued support.”

CNBC Real Estate Awards are the most respectable ones in the real estate sector. These awards aim to

recognise and appreciate leading developers who have played a vital role in the growth of the sector with

their high quality projects. This year the focus of the jury was primarily on efficient project management and

measuring customer satisfaction.

Over the years, Sobha has metamorphosed into one of the fastest growing real estate companies in the

country. The Most Reliable Developer Award is an endorsement of the Company’s focus on every minute

detail, innovation, fair play, ethics and community care.

The apartments of Sobha Elite, located in the heart of West Bangalore, marry quality and aesthetics for a

distinctive lifestyle. Spread over an area of 20.3 acres, the 3BHK units are range from 1,651 to 1,789 sq. ft.

The project has an excellent host of amenities and a serene atmosphere through its ample green spaces.

About Sobha Developers Ltd.: A Truly Global Indian Company

Founded in 1995, Sobha Developers Ltd., a Rs. 15 Billion company, is the only backward integrated real

estate player in the country. It means the Company has all the key competencies and in-house resources to

deliver a project from its conceptualisation to completion.

Sobha is primarily focused on residential and contractual projects. The Company’s residential projects

include presidential apartments, villas, row houses, luxury, super luxury & moderately priced apartments

and plotted development. In all its residential projects the Company lays strong emphasis on environmental

management, water harvesting and high safety standards.

On the contractual side, the Company has constructed a variety of structures for corporates including offices,

convention centres, software development blocks, multiplex theatres, hostel facilities, guest houses, food

courts, restaurants, research centres, and club houses.

Sobha’s superior quality execution capability is its core strength. As of September 30, 2012, in the past 17

years since its inception, Sobha has completed 81 real estate projects and 221 contractual projects covering

about 53.73 million sq. ft. The Company currently has 39 ongoing residential projects aggregating to 24.54

million sq. ft. of developable area and 17.35 million sq. ft. of super built-up area, and 41 ongoing contractual

projects aggregating to 9.93 million sq. ft. under various stages of construction.

Aptech conducts CMAT for the third time

Mumbai, December 28, 2012: Aptech, the global leader in training & learning services, is conducting
the Common Management Admission Test (CMAT) mandated by The All India Council for Technical
Education (AICTE) for the third time. The registrations commenced on November 1, 2012 and will
close on January 2, 2013.

With the rise in the number of centres from the first season, CMAT has witnessed great success
so far as online testing has gained tremendous traction in the recent past. The students derive a
tremendous benefit from online testing as it is easier to attempt, less of a logistical exercise, the
results are quick and overall it gets rid of duplication of efforts by them. They can apply to multiple
colleges with just one test.

Mr. SS Mantha, Chairman, AICTE said, “This format allows students to save time, energy and money
by institutionalizing online testing. This also saves hassles for the colleges by facilitating one time
testing for various colleges put together. We are happy to innovate from the conventional pattern of
such examinations and drive it successfully.”

Commenting on the initiative, Aptech CEO & MD, Mr Ninad Karpe said, “We have been successful
in conducting a glitch free examination for the last two seasons and are confident that the
upcoming test would be similar. We take maximum effort to ensure the online testing right from the
registration to the attempt and the results are done in a cohesive manner. Technology is a vital part
of the whole spectrum and our processes give us an added edge.”

Aptech commenced its education and training business in 1986 and has globally trained over 6.5 million
students. Aptech is an ISO 9001:2008 organization and the first IT Training and Education company to get
this certification for Education Support Services in 1993. Aptech has presence in more than 40 emerging
countries through its two main streams of businesses – Individual training and Enterprise Business. As a
leader in career education, it has over 1300+ centers of learning across the world.

Under Individual Training, Aptech offers career and professional training through its Aptech Computer
Education, Arena Animation & Maya Academy of Advanced Cinematics (both in Animation &
Multimedia), Aptech Hardware & Networking Academy, Aptech Aviation & Hospitality Academy and
Aptech English Learning Academy brands. Enterprise business includes Content Development (Aptech
Learning Services), Training and Assessment Solutions for Corporates & Institutions (Aptech Training
Solutions, Aptech Assessment & Testing Solutions).

GAIL issues crop compensations in Kerala

GAIL GAS PIPELINE PROJECT has initiated the issue of  crop compensations to the land owners hin Kerala and the first set of crop compensations have been handed out to the land owners of Poyya village of Kodungallur taluk in Thrissur.

The Deputy Collector Sri. M Anil Kumar along with Sri. M S Sreedharan (Revenue head Spread I Thrissur) handed over the first cheque for Rs 377520/- to Sri. Benny Alex a resident of Poyya Village.

Federal Bank grants more than 24lakh shares under ESOS 2010

Mumbai: Federal Bank has offered Employee Stock Options for the second time since the Bank implemented the Employee Stock Options Scheme in 2011. The grant in 2011 was at Rs. 420.65 and at Rs. 474/- in 2012. The unique feature of the Scheme is that it covers all permanent employees of the Bank, which means from the junior most award staff till the Managing Director get an opportunity to own the Banks stock.  While the spirit of the scheme is to enable all employees to become proud owners of the Bank in which they work, it is worth noting that the market has displayed immense faith in the Bank’s performance and its potential to grow and remain profitable.

The maximum permissible number of options that can be granted as per shareholder approval is 5% of the paid up equity share capital of the Bank in aggregate, presently equal to 85,51,650 equity shares

At the time of reporting the share price of Federal Bank stock stood at Rs.542. It may also be noted the Bank that had crossed the landmark of having over a 1000 branches in the country in October 2012, has recently crossed another landmark in having over 10000 employees on the roles of the Bank.  The ESOS is seen as part of the Change Management process, for the Bank to successfully participate in the highly competitive employment market of the Banking Sector. The senior management of the Bank realizes that employees enjoying proprietary interest in the institution in which they work makes them naturally loyal to the establishment and this leads to retention of talent.  

About Federal BankFederal Bank is a leading Private Sector Bank with a branch network of 1023 branches and 1,135 ATMs spread across the country. The Bank had total business of Rs. 86,693 crore as at March 31, 2012. It has Net Worth of Rs. 5,706 crore as at the end of fiscal 2011-12. It recorded net profit of Rs. 776.79 crore during the last financial year. Federal Bank has its Representative Office at Abu Dhabi that serves as a nerve centre for NRI customers in the UAE. Federal Bank is transforming itself, keeping its principles intact, into an organization that offers services beyond par. It has a well defined vision for the future as a guidepost to its progress.

IT Mission’s ITES Habitat Centre keeps on fulfilling its mandate; Stage-II facility opens today

When Kerala State IT Mission set up ITES Habitat Centre in 2002, as a training and facilitation centre for
IT/ITES sector, young entrepreneurs made a beeline for it.

Availability of basic infrastructure facilities at nominal costs was the key. Now Kerala State IT Mission has
developed the Stage-II of the facility, which opens up opportunities for more entrepreneurs at the ITES
Habitat Centre. ITES Habitat Centre functions at the Jawaharlal Nehru International Stadium complex,
Kaloor, right at the heart of Kochi.

Out of 25845 sq. ft. space now available with Kerala State IT Mission at Jawaharlal Nehru International
Stadium Complex E -sector, 14763 sq. ft. space has been already developed in 2002 and 2006 which
has been apportioned into cubicles of size ranging from 100 to 700 sq. ft. to accommodate small to
medium companies.

The newly developed Stage-II facility consists of 23 independent cubicles of size ranging from 100
to 500 sq. ft. to accommodate Small /Start up IT/ITES units .The estimated project cost for stage 2,3
development is estimated to be Rs. 237 lakhs.

ITES Habitat Centre is directly managed by Kerala State IT Mission and a Mission Coordinator is stationed
at the centre. The structure is designed in such a way as to operate the centre in a self-sustainable way
without government budgetary support.

Presently, more than 50 successful enterprises employ 300 people at this centre. With the Stage-II
commissioning 23 new IT/ITES units employing up to 150 people will be soon operational at the centre.
Once the total expansion work is completed it is estimated that this centre can employ 500 persons in
IT/ITES with 65 independent IT units.

Unlike major IT parks which demands huge investment to start a business, a young entrepreneur with
4 employees can straightaway start a business paying a paltry amount as licensee fee per month to
KSITM at ITES Habitat Centre. ITES Habitat Centre is an excellent example of an early investment by the
government that continues to pay for itself in terms of job creation and tax base appreciation.

The common services such as Front Office, Reception, Security & Maintenance services, Electric
Power with Back-up DG Supply, Air Conditioning, Housekeeping, Conference Hall, Dining Hall and
other common utilities are managed by KSITM, thereby making it the ultimate destination of a small
entrepreneur who has to arrange only the internet facility on his own, apart from paying the license fee.
Public parking is available a few hundred feet from the building.

Surely, Kerala State IT Mission’s initiatives like the ITES Habitat Centre work as catalysts in fostering and
developing more IT units in the state.

-------------------------

ThinkLABS conducts the 5th All India Robotic School competition at IIT, Mumbai

 Team from Aura Edify Global School,Kerala and Wisdom High School, Nasik were announced  winners in the junior and the senior category after competing with 150 other teams

The top two teams received a cash prize of INR 50,000 each

Kochi,December 4,2012: ThinkLabs Technosolution Pvt Ltd, today conducted TRICKS 2012 at IIT Mumbai for over 600 students from across the country. This is the 5^th all India robotics competition open for any school children. For TRICKS 2012, 150 teams from across the country participated in the competition that spanned over 2 days. After a gruelling competition, Aura Edify Global School and Wisdom High School from Nasik were announced winners for the junior and the senior category respectively.  The winners were chosen by a panel of judges on the basis of not only on how well they were able to make their robots perform but also on their presentation skills and team spirit.

The top teams from each category received a cash prize of INR 50,000 each. The teams at the second and third positions under each category received a cash prize of INR 20,000 and INR 10,000 respectively. There were cash prizes given for best algorithm, best design and best presentations as well.

The theme for this year’s ‘TRICKS2012’ was ‘Mars Exploration Mission ’. Keeping to the theme, teams were given a task chart, designed to ensure that the robots would be able to help in understanding Mars, its weather cycle, soil structure and hence facilitate future missions.

Said Gagan Goyal, CEO, ThinkLabs, “We at ThinkLabs look forward to this competition every year. The enthusiasm of the children and their improving performance each year is almost like a validation to our theory of hand on learning and training. With ever increasing competition in the academic arena, such competition also motivates children to push their boundaries in an enjoyable fashion and we are very happy that the schools and parents are encouraging them to participate.”

 

Said Professor Amarnath, ““Robotics as a subject is a combination of creativity, application and science in our daily lives. I feel, as teachers, by helping a student learn robotics at an early stage, we are expanding their horizon and opening their minds to million possibilities he /she can create.”

This year, like before, the teams were divided into two groups on the basis of their age. Any student from 1^st to - 5^th   standard could participate in the junior school category and students from 6-12^th standard could participate in the senior school category. Each group was given a given a pre- defined task list, based on which they create and plan their strategies for the competition. The task list acts as a broad guideline and a student is free to experiment along those lines.

For the current year, TELE MARS, the task for the junior team, was to build a remote controlled Mars explorer. At this level, the student was expected to build a robust machine which travels different terrain, pick and place objects, climb inclines and so on. The key judging criterion was to build robots that can be easily controlled by remote control.

AUTO MARS, the task for the senior team, was to build robots that follow a line and can intelligently perform various tasks on the way. The important criterion was its ability to use sensor and make decisions. Reliability and repeatability of the robot were crucial in the judging process.

On the 1^st day of the competition, the teams had a qualifying round. The objective of the qualifying round is typically not to eliminate but to help the student identify and significant flaw in their design and assembling. On the 2^nd day, the teams made their final presentation to the ThinkLabs judges and the final teams were selected on the basis of the performance and consistency of the robots and over all team presentation.

ThinkLabs started TRICKS in 2007 with the intention of enhancing the interest of students and also the teachers in robotics. Over the years and annual competition has become a platform where students from various schools come and display their learning and enthusiasm on the subject. ThinkLabs plans to take the robotic competition to other countries as well in due course of time.

About ThinkLabs:

ThinkLABS is a IIT-alumnus venture in the field of hands-on science and technology education catering to schools and colleges. Since its inception in 2006, the company has grown significantly and today partners with over 200 schools and 40 colleges across India.

ThinkLABS  world-class award winning innovative programs introduces school students to hands-on science education through robotics and science implements. Cutting edge programs in embedded systems and robotics and is aimed at preparing college students for careers in the new frontiers of technology.

Mahindra Two Wheelers registers 26% growth in November

Growth driven by scooter range which sports Mahindra’s new, advanced Z-
Series engine

Mumbai, December 03, 2012: Mahindra Two Wheelers Ltd (MTWL), a part of the US $ 15.9 billion
Mahindra Group, continued to build its presence in the two wheeler segment.

The company’s sales in November grew by 26% over last year. November 2012 sales were 10,082
units. Cumulative sales from April to November 2012 stood at 79,910 units.

Viren Popli, Executive Vice President – Strategy and Market Development, Mahindra Two
Wheelers said, “There is increasing customer preference for our new range of scooters – the
Mahindra Duro DZ and the Mahindra Rodeo RZ. Our scooters now come with Mahindra’s advanced
Z-Series engine that delivers both 125 cc power and great on-road mileage. These scooters continue
Mahindra’s legacy of providing powerful, reliable, stylish vehicles that are designed specifically for
Indian roads. Our customers are experiencing the benefits of Mahindra’s strong automobile expertise
and realise that behind each of our scooters is the trust and reassurance of Mahindra.”

The cumulative sales for the company have crossed a landmark figure of four lakh units.

Mahindra 2 Wheelers’ range of powerful 125cc scooters cater to distinct consumer segments. The
Mahindra Duro DZ is positioned as a `ROMBA SOLID’, family scooter. The new Mahindra Rodeo RZ
with its very innovative, contemporary features is sure to enthuse young, modern couples. The Flyte
is the Indian woman’s two-wheeler of choice.

About The Mahindra Group

The Mahindra Group focuses on enabling people to rise through solutions that power mobility, drive
rural prosperity, enhance urban lifestyles and increase business efficiencies.

A USD 15.9 billion multinational group based in Mumbai, India, Mahindra employs more than
155,000 people in over 100 countries. Mahindra operates in the key industries that drive economic
growth, enjoying a leadership position in tractors, utility vehicles, information technology and
vacation ownership. In addition, Mahindra enjoys a strong presence in the agribusiness, aerospace,
components, consulting services, defence, energy, financial services, industrial equipment,
logistics, real estate, retail, steel and two wheeler industries.

In 2012, Mahindra featured on the Forbes Global 2000 list, a listing of the biggest and most powerful
listed companies in the world.

www.mahindra.com

Forbes recognizes Kerala company – AVT Natural – as one among 200 best companies in Asia Pacific

Mr. Ajit Thomas, Chairman, AVT Natural Products Ltd receives the award from Mr. Christopher Forbes, Vice Chairman, Forbes Media LLC. Seen in the picture is Mr. Lee Yi Shyan, Senior Minister, Commerce & Trade, Government of Singapore and Mr. Steve Leonard, Senior Vice President, EMC2, USA

Kochi, 3^rd December 2012: AVT Natural Products Ltd, Cochin has been recognized by Forbes as one among 200 best companies from Asia-Pacific region with under $1billion revenue. The award function held in Singapore on 29th November, 2012 to honour the Companies of this elite list was attended by dignitaries from around the world. Mr. Ajit Thomas, the Chairman of AVT Natural and Mr. M.S.A. Kumar, the company’s Managing Director represented AVT Natural in this grand function. Mr. Ajit Thomas received the prestigious award from Mr. Christopher Forbes, the Vice-Chairman of Forbes Media LLC.

The list published on August 18, 2012 is based on the financial data of the preceding 12 months. AVT Natural with US$ 47 Million (Rs 260 Crores) Sales, US$ 11 Million (Rs 60 Crores) Net Income and US$ 52 Million (Rs 290 Crores) Market Capitalization, is one among 23 companies from India to find a place in this esteemed list. AVT Natural is part of AV Thomas Group of companies based in South India.

The list recognises the importance of small and medium enterprises in powering the Asia-Pacific economy. It comprises of companies from China & Hong Kong (72), India (23), Taiwan (23), South Korea (16), Malaysia(14), Australia(14), Vietnam(8), Indonesia(7), Thailand(6), Japan(4), Singapore(4), Philippines(3), Pakistan(3), Sri Lanka(2), and New Zealand(1).

The final list of 200 awardees was selected from a universe of 15000 companies from Asia Pacific region. Only publicly traded profitable companies with revenue greater than $5 million but less than $1 billion were considered for the list. It was further trimmed down based on business performance indicators like sales and earnings growth as well as the return on equity delivered in the preceding 12 months and over three years. The list was further scrutinized to remove companies which are thinly traded on the stock exchanges and those facing accounting or major legal troubles.

To quote Forbes: “A weak global economy has not slowed down these companies from Asia-Pacific. Against the backdrop of a fragile global economy, the makeup of our Best Under A Billion demonstrates why small and medium-size enterprises are considered essential to Asia-Pacific.”

(Enclosed Photograph: Mr. Ajit Thomas, Chairman, AVT Natural Products Ltd receives the award from Mr. Christopher Forbes, Vice Chairman, Forbes Media LLC. Seen in the picture is Mr. Lee Yi Shyan, Senior Minister, Commerce & Trade, Government of Singapore and Mr. Steve Leonard, Senior Vice President, EMC2, USA.)

SpiceJet connects Kochi with Maldives; Launches Kochi-Male daily flight

Also to launch Kochi-Dubai flight from December 10, 2012

Airline offering inaugural ticket fare as low as Rs 4,999

Kochi, November 29, 2012: SpiceJet Ltd, India’s most preferred low cost airline, today launched flight from Kochi connecting Maldivian capital city Male. The airline will also be connecting Kochi with Dubai from the second week of December.

SpiceJet is offering daily direct flight from Kochi to Male and Dubai and inaugural ticket fares are as low as Rs 4,999 (one way fare inclusive of all taxes).

This is the first international launch of SpiceJet on any international route from Kerala. At present SpiceJet operates international flights from Delhi, Mumbai, Chennai and Madurai. Kochi has become fifth destination in India from where the airline has started international flights.

Male is the capital city of Maldives and is considered a preferred tourist destination. The inaugural flight from Kochi to Male was flagged off at 12:50 pm today in a function held at Cochin International Airport.

The airline has deployed Bombardier Q400 aircraft on Kochi-Male route. The Bombardier Q400 NextGen turboprop aircraft can accommodate 78 passengers and is widely accepted as the best short-haul aircraft globally. 

“Kochi is an important destination for SpiceJet. We are launching two international flights from Kochi connecting Male and Dubai. This is besides, our strong presence on domestic routes from Kochi. With these launches, people can enjoy affordable flights on international routes,” said SpiceJet Chief Commercial Officer Mr. Harish Kutty.

SpiceJet also announced the launch of Kochi-Dubai daily direct flight from December 10, 2012 onwards. SpiceJet has been working on new destinations in domestic market as well as on international routes as the carrier has set its sights on expanding its coverage in phases on a regular basis. Under the network expansion plan, SpiceJet will also be launching daily direct flight to Dubai from Ahmadabad starting from December 19, 2012.

On our Kochi – Dubai and Ahmedabad - Dubai route we will deploy our Boeing 737 -800 aircraft which have a capacity of 189.

With these new routes, the total number of international destinations on SpiceJet network would increase to five. At present SpiceJet flies to Kathmandu (Nepal), Colombo (Sri Lanka), Kabul (Afghanistan) and Dubai (UAE) 

Tickets can be booked through www.spicejet.com  or Toll Free Reservation at 1800 180 3333 / 0987 180 3333 and through Travel Agents. For more details on schedule and fares please log on to www.spicejet.com.

Flight

From

Destination

Departure (Local Time)

Arrival (Local Time)

Frequency

First Flight

SG 3901

Kochi

Male

1250 hrs

1440 hrs

Daily

29th Nov’ 12

SG 3902

Male

Kochi

1515 hrs

1705 hrs

Daily

29th Nov’ 12

SG 017

Kochi

Dubai

1710 hrs

1950 hrs

Daily

10th Dec ‘ 12

SG 018

Dubai

Kochi

2045 hrs

0225 hrs

Daily

10th Dec ‘ 12

SG 015

Ahmedabad

Dubai

1700 hrs

1825 hrs

Daily

19th Dec’ 12

SG 016

Dubai

Ahmedabad

1925 hrs

2330 hrs

Daily

19th Dec’ 12

*Flights subject to regulatory approval

About SpiceJet:

SpiceJet is India’s preferred airline, with 19.1% of market share in Indian domestic market, delivering the lowest air fares with the highest consumer value. The airline currently operates more than 300 daily flights to 38 Indian cities and 4 international destinations.

The city of Agartala, Ahmedabad, Amritsar, Aurangabad, Bagdogra, Belgaum, Bengaluru, Bhopal, Chandigarh, Chennai, Coimbatore, Dehradun, Delhi, Goa, Guwahati, Hubli, Hyderabad, Indore, Jabalpur, Jaipur, Jammu, Kochi, Kolkata, Kozhikode, Madurai, Mangalore, Mumbai, Port Blair, Pune, Rajahmundry, Srinagar, Surat, Thiruvananthapuram, Tirupati, Tuticorin, Varanasi, Vijayawada, Visakhapatnam and four international destinations namely Dubai, Colombo, Kabul and Kathmandu are connected using our new generation fleet of 36 Boeing 737-800/ 900ER aircrafts which are  of the highest standard in safety and operating efficiency along with our newly acquired 12 Bombardier Q400 aircraft for enhancing connectivity to Tier II and Tier III cities.

 SpiceJet is the winner of:              

                      

·             Voted amongst the Top 5 Best Budget Airline in Asia – Smart Travel Asia (2008, 2009 & 2012)

·             India’s International Low Cost Carrier of the Year- 2012 by Travel Agents Association of India (TAAI)

·             India’s Most Outstanding Airline LCC-Domestic Award, by Travel and Hospitality,( Feb 2012)

·             Awarded for Best Website at ‘World Low Cost Airlines Asia Pacific Conference’, (2010 & 2012)

·             Voted as India’s Best Low Cost Airline for 3 consecutive years by Outlook Traveler (2008, 2010 & 2011)

·             CIO 100 Award in IT efforts for customer satisfaction and business growth category(2007, 2008 ,2009 & 2011)

·             India’s best low-fare airline in a survey conducted by MaRs on behalf of Hindustan Times (Dec  2009)

·             World Travel Market Award for multi-channel approach in distribution (November 2009, London)

·            National Award (ICWAI) for excellence in Cost Management (March 2009)

FEDERAL BANK OPENS NEW BRANCH AT KUNDANNOOR, KOCHI

The 1018^th Branch of Federal Bank was opened at Kundannoor, Maradu, Ernakulam (Kochi) today.  In an auspicious function, Commodore M R Ajai Kumar VSM formally inaugurated the new premises at the Ground floor of AMV Towers near NH 47 Bypass. 

Seen in the photograph are Smt. Rani. M, Branch Head, Shri.Nandakumar.V, AGM & Regional Head, Shri. Siby Xavier, Maradu Municipal Councillor and Shri.K.R. Mohanachandran, General Manager of the Bank.

L&T Construction Wins Orders Valued ` 1178 Cr

Mumbai, Nov 29, 2012: L&T Construction has secured new orders valued over `1178 crores across various business segments in November 2012.

The Buildings & Factories IC, has won new international orders in UAE worth `595 crores for the construction of a hospital building and other associated facilities.

In the Solar Business sector, L&T Construction - India’s largest player in solar power has bagged new EPC orders worth ` 280 crores for the construction of Solar PV systems in Rajasthan from multiple customers.

L&T Construction has also secured additional orders worth ` 303 crores from various ongoing projects mainly in airports, factories, minerals & metals and power transmission & distribution business segments.

Background:

Larsen & Toubro is a USD 13.5 billion technology, engineering, construction, manufacturing and financial services conglomerate, with global operations. It is ranked 4th in the global list of Green Companies by the reputed international magazine Newsweek, and ranked the world’s 9th Most Innovative Company by Forbes International. L&T is one of the largest and most respected companies in India’s private sector. A strong, customer–focused approach and the constant quest for top-class quality have enabled L&T to attain and sustain leadership in its major lines of business over seven decades.

Vodafone launches Secure Device Manager for corporates Vodafone Secure Device Manager

Mumbai, November 28, 2012: Vodafone India, one of India’s leading telecommunications service providers, today launched Vodafone Secure Device Manager for corporates. Vodafone India is the first Indian telecom operator to launch this unique and innovative solution which acts as a simple and flexible tool to keep the data on smartphone & tablets secure, helping business grow without the fear of data security breach.
• Remotely lock or wipe devices in the case of accidental device loss or theft
With the Bring Your Own Device (BYOD) concept picking up pace, increasing number of people prefer smartphones and tablets to access the company’s data. Securing these devices, and hence the data, has now become extremely important. Vodafone Secure Device Manager allows your people to work with their smart devices without compromising your company’s security.
Vodafone Secure Device Manager serves as an important solution for Chief Information Officers (CIO’s) & Chief Information Security Officers (CISO) of India Inc. It provides them a secure management console which allows them to gain visibility to and remotely configure & secure their organisations device estate. Vodafone Secure Device Manager empowers IT administrators by allowing them to remotely manage security policies, device settings, certificates, applications, operating system etc. Vodafone’s solution can prove to be invaluable in the event of mobile device loss, it allows users to remotely lock or wipe all information from their smart device.
Speaking at the launch of Vodafone Secure Device Manager, Naveen Chopra, Director, Vodafone Business Services said, “We at Vodafone have always been excited about innovations in the smartphone & tablet industry as they’ve enabled our customers to enjoy an un-paralleled level of user experience. While the ‘Bring Your Own Device’ phenomenon has empowered our users, it has also exposed a gaping hole in the security armory of our corporate customers. We’re witnessing an increase in Mobile Data security concerns raised by corporate customers. Vodafone Business Services is proud to introduce the ‘Secure Device Manager’ solution. It will allow IT administrators to easily manage & secure their organization’s smart device fleet, via a simple & easy to use console. It’s the only way to let your people bring their smart devices to work without compromising your company’s security.”