Mumbai, June 30, 2011: (GNS) SKF India Ltd, the leading supplier in the areas of bearings, seals, mechatronics, services and lubrication systems, today announced that it has been conferred with the “Excellence Award” by the Indian Institute of Economic Studies, India’s premier research institute.
This award is in recognition of SKF India’s exemplary performance and strong contribution to the Indian economy. Shishir Joshipura, SKF India’s Managing Director was also felicitated at the ceremony with the “Udyog Ratna Award” . SKF India Ltd is a part of the AB SKF Group and is listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE). SKF’s industry leading practices provide integrated, sustainable solutions based on the “power of knowledge engineering” principle that integrates five technology platforms (bearings, seals, lubrications, mechatronics, and services).
Shishir Joshipura, Managing Director, SKF India Ltd, commented upon receiving the award, “ At SKF it is our constant endeavour to achieve the high standards of excellence that we set for ourselves, to have that achievement acknowledged through this award is a great motivation.”

Mumbai,June 30, 2011: (GNS) Tata Consultancy Services (TCS) dedicated to providing business application solutions to the banking, insurance and capital markets industries, announced that PostFinance Switzerland will deploy TCS BaNCS to overhaul part of its operations.
The integrated banking suite comprising Payments, Core Banking, Securities Processing for Funds Administration and Compliance for Fraud Detection solution will be implemented as part of the modernization drive of PostFinance to replace the current legacy payment transactions and accounts management systems.
PostFinance, the leading Swiss provider of domestic and international payment services, by deploying TCS BaNCS will enable flexible development and the adaptability to meet current and future market needs as well as regulatory requirements. The entire modernization program will be accomplished over the next four years.
In a statement here today, Mr. Enrico Lardelli, Head of Information Technology, PostFinance, stated, “Payment services are the core business of PostFinance – with almost 900 million transactions per year, it is the number one player in the Swiss payments sector. TCS BaNCS is a modular, highly configurable system which meets our high performance requirements. We also chose TCS BaNCS because of its best value ratio and the short migration strategy. In short, TCS BaNCS is the most attractive economic option for PostFinance.”
“Banks are increasingly turning to payment services hubs and more integrated SOA-based solutions to achieve the step-change in performance and flexibility required for large transformation projects” said Gareth Lodge, Senior Analyst at Celent. “Whilst not without complexity in implementation – in undertaking the transformation, the bank is attempting the equivalent of simultaneous heart, brain and lung transplants whilst continuing to work! – the componentized approach will ultimately simplify the way the financial institution operates in the future”.N. Ganapathy Subramaniam, President, TCS Financial Solutions said “Our partnership with PostFinance is a good example of our value proposition where we enable growth and efficiency without disruption. Through this implementation, PostFinance will meet the varied needs of a growing and diverse customer base.”
Currently, PostFinance processes around 900 million transactions per year, and is the largest processing center, with approximately 60 percent of market share in Switzerland. TCS BaNCS is a market ready, component based customer centric, real time solution which ensures faster time to market for products and flexibility to integrate and support both, existing and future business. The application components to be deployed in the solution are multi entity and multi currency, covering accounts management, payments – domestic and international including credit transfers and direct debit along with market connectivity to domestic clearing in Switzerland , Pan European clear with SEPA and international payment on SWIFT. One of the major business drivers and critical success factors at PostFinance was the need of a trusted and strategic long term partner, which has the experience of delivering successfully multiple large transformation programs. TCS BaNCS solution has the capability and will support PostFinance as part of this transformation to grow its footprint as the leading provider of payment transaction services in the domestic Swiss market and other sectors of financial service market.

Mumbai, June 30, 2011: (GNS) Wadhawan Lifestyle Retail Private Limited (WL) and Tantra Entertainment Pvt. Ltd. have come together to present the most glamorous event of the year, Wadhawan Lifestyle I AM She 2011.
The association will strive to bring to India, yet again, the Miss Universe crown when one of the 20 finalists will officially represent India on the international stage. 20 young women, representing metro cities as well as small towns of India will have a chance to emulate the success of Sushmita Sen, India’s very first Miss Universe crown winner.
The pick of the lot, crème de la crème, these 20 finalists, chosen from an audition held earlier in June, will showcase their talent, confidence and beauty to win the Wadhawan Lifestyle I AM She 2011 crown. On whose head will rest the coveted crown? That’s a question we all want answered… Conceptualized by Sushmita Sen, I AM She, the official preliminary to the 2011 MISS UNIVERSE pageant, now in its second year, embodies her vision for the spirit of the Indian woman and personifies the combination of beauty and intelligence that defines the 21st century winners of the Miss Universe pageant. Ms. Sushmita Sen, Mentor, I AM She, said: “I AM She is a world-class event that has not only met with, but set international benchmarks. It has been acknowledged internationally as one of the best conceived pageants. With a powerful partner like Wadhawan Lifestyle Retail Private Limited with us now, this pageant is all set to scale new heights and slowly but surely, get closer to being an institution for young women in India.
An institution that reflects and personifies the grace, charm and elegance of an Indian woman.” Wadhawan Lifestyle (WL), from the Wadhawan Group was established to provide lifestyle choices to the Indian consumer by introducing global high-end fashion in the premium to super premium category, luxury and affordable luxury brands.
The company has introduced fashion brands Ed Hardy, Christian Audigier and the legendary high fashion Spanish designer label, Adolfo Dominguez. Avers Mr. Gaurav Modwel, CEO, Wadhawan Group & Director Wadhawan Lifestyle Retail Pvt. Ltd: “Perfection, a right mix of beauty, attitude, intelligence and belief in one self. This is what makes a winner. Be it a person or a brand. Wadhawan Lifestyle believes in this. And our association with I AM She hopes to bring ‘perfection’ in the form of a winner that will once again make India proud. Platforms like ‘I Am She’ and women like Ms. Sen, who have made India proud in International pageants and has personally achieved so much, are examples of belief to parents of girl child, in a country plagued by female feticide. We are proud to be associated with a forum that celebrates ‘Womanhood’ and one that reflects India and its talents at an international platform”.

MUMBAI: June 30 ,2011 (Ajay Rawal) Japan based, opto-medical instruments maker, Olympus, today launched a new generation of its PEN mirrorless compact cameras, with additions like the world’s fastest auto focus and an improved image sensor.
A standard kit of PEN E-P3, the flagship model in the new series, is priced at Rs 39,999, while the dual lens kit which also includes a 40-150-mm lens will be available for Rs 44,999. The new product will available from mid-September,2011.
The new range of cameras, which was launched worldwide today, also includes PEN Lite E-PL3 and PEN Mini E-PM1 and will hit the Indian market starting mid-July.
“The new range has world’s fastest auto focus, the TruePic VI image processor , high sensitivity and high speed live MOS Sensor and Full HD video capabilities,” Olympus Senior Manager ( Asia Sales Group )) Akira Fukui told reporters here.
The company also felicitated celebrated photojournalist Raghu Rai and the country’s first woman photojournalist Homai Vyarawala at the launch event.
Rai said being compact, this range of cameras will help photographers like him to shoot candidly in crowded places and hence help in getting the best moods, without compromising on the image quality as they produce SLR-like images.
The PEN series, which derives its name from the compact size to fit in a pocket, was first introduced by Olympus in 1959 and the series launched today is the third generation of the PEN cameras.
The new line-up was unveiled by Rahul Bose, acclaimed art house actor and an photography enthusiast, in the presence of Mr. Toshio Murai, Managing Director, Olympus Imaging India Pvt. Ltd. and Mr. Akira Fukui, Group Leader
(Senior Manager – Asia Sales Group, Global Sales and Marketing Div.).
Rahul’s interest in photography developed because of his father, also an avid photographer. He went on to learn the nuances of photography during the
shooting of Mr. & Mrs. Iyer, wherein he played a wildlife photographer. The first-ever picture shot with the Olympus PEN E-P3 in India was taken by
Rahul Bose during the introduction.With the launch as a center-stage, Olympus also honoured the achievements of two of India’s renowned, national award-winning photojournalists for their pioneering contribution to the field of photojournalism: Padma Vibhushan
Homai Vyarawalla – India’s first woman photojournalist and Padmashree Raghu Rai – India’s foremost photojournalist.
Speaking on the occasion, Mr. Rai said, “For a photographer with over 45 years of experience, the
interchangeable lens type digital camera system, offers great opportunity to photographers with looks of an amateur, but the quality of a professional;
with fast autofocus, high ISO settings and a range of fast lenses which are light and compact.”

Bangalore, June 30, 2011: (GNS) Muratec, a Japan based company started in 1935, offers better cost performance system solutions, is strengthening its presence in India through its associate company – Meiban Engineering Technologies.
With the inauguration of the latest tech center in Bangalore, Muratec is eyeing a larger share of the Indian market for turn key projects for manufacturing automobile and sheet metal components.
The tech center has been inaugurated by Mr.Yosuke Murata, Executive Vice-President, Murata, Japan.
The tech centre acts as a demo center and will help Meiban in providing better quality sale support.Currently Muratec ‘s Sales turn over is slightly above Rs 30 crores in India and with the additional set up, aims to achieve Rs.125 crores in 4 years time.
“India has always been a key strategic market for us. We see a great potential for our products in India. We would like grow four times the present share in sheet metal machines and three times in metal cutting machines in 5 years. We strive to achieve these targets by working closely with Meiban Engineering Technologies Pvt Ltd,”according to Takahiro Yamada, Senior Manager of Muratec Machinery Limited, Japan
Meanwhile, A.V.Srinivasan, CEO of Meiban Engineering Technologies Pvt.ltd said, “We are glad to be part of Muratec and with the addition of tech centre in Bangalore, we hope to achieve better heights. This initiative will help all our customers and make it easy to buy the product, as the customers can get a firsthand experience with the demonstration of the machines, besides training and service maintenance.

MUMBAI:June 30,2011 (GNS) Disney Junior, a new multi-language and multiplatform entertainment destination for kids aged 2-7, reflecting the emotional connection generations of consumers have with Disney storytelling and characters, will debut at 1100 hrs on July 4, 2011 on Disney Channel — the #1 entertainment destination for kids. The brand new programming band will be telecast in English, Hindi, Tamil and Telugu.
“We are very excited to launch Disney Junior following the overwhelming response from kids and families to Disney Channel. Disney Junior differentiates itself by placing a focus on the story and character, the hallmarks of Disney since its inception, and offering age appropriate programs that kids love and parents trust and enjoy” according to Natasha Malhotra, vice president and general manager, Walt Disney Television International India.
“As we continue to build a family entertainment brand in the country, Disney Junior will be a noteworthy introduction for many Indian kids and families, to the unique, unmatched and magical brand that is Disney” adds Natasha.
Among the new series being launched on Disney Junior is “Jake and the Never Land Pirates,” an animated adventure combining new and classic Disney characters Captain Hook and Smee (“Peter Pan”). Well known impressionist, comic and host Cyrus Broacha will play the voice of “Sharky” along with musician Sid Coutto as the voice of “Bones”. The talented duo will also be seen on the show with an entertaining live –action routine which has been locally produced in India.
Disney Junior will also feature a short form series, “Mickey Mousekersize” to encourage healthy lifestyles for preschoolers and families; new show “Cat in the Hat knows a Lot About That”; and the leading TV show for preschoolers “Mickey Mouse Clubhouse,” along with “Handy Manny,” “Special Agent Oso” and “Little Einsteins”. In addition, the block will also showcase innovative short-form content featuring characters from popular Disney movies “Cars” and “Toy story” — “Car Toons” and “Toy Treats”.

Mumbai, June 30, 2011: (GNS) Dewan Housing Finance Corporation Ltd,(DHFL) India’s third largest housing finance company today announced an increase of 25 basis points in its Retail Prime Lending Rate.
The increase in lending rate is the result in the increase in reverse repo and repo rates by RBI recently. This change will be effective for its existing customers from July 1, 2011, the company release said.
DHFL’s current loan portfolio stood at Rs. 14,111.27 crore as on March 31, 2011.

Mumbai June 30, 2011: (GNS) Buchanan Group has launched of ‘Hometesterclub.com’ a consumer-to-consumer social network of shoppers who review, rate and share their experiences on NEW grocery products to assist others in making wise and smart shopping decisions.
Hometesterclub.com aims to be an aggregator and filter of all new grocery products launched in retail stores in India. Grocery shoppers are encouraged to become members of the community network website and comment on the new products and interact with other members. Once registered every member stands the chance to receive a FREE-box containing a selection of new products.
Hometesterclub.com ratings and reviews are uncensored and unbiased and based on the actual experience of the new product at home. No member is remunerated or incentivized in any way to positively rate or review a product.
In a statement here Hometesterclub.com, Mr. Sanjeev Singhai, Business Director – Indian Sub Continent, Buchanan Group said “With manufacturers seeing innovation as a proven way to stave off growing competition and to stimulate demand in these ‘tough times’, it’s not surprising to know that the word ‘NEW’ will appear on about one thousand new products in the average Indian supermarket every year, and Hometesterclub.com will play an increasingly important role in empowering the Indian shopper.”
With over 12500 members already, and more than a thousand new members joining every week, the Home Tester Club is currently available in India and South Africa, and is about to be launched in Australia as well.
www.hometesterclub.com has been created by Buchanan Group for members to be a live interactive forum where they are able to download information on new grocery products, but also where they can upload and share their own thoughts, opinions and suggestions about grocery products in general and learn from each other’s experiences.
Founded in Melbourne, Australia in 1989, Buchanan Group has grown on a business platform that has seen it develop into a global business with activity on five continents. With brands like Brand Power, Zoot Review, Medifacts and many others, Buchanan Group information media products can be seen in markets as diverse as Australia, the USA, Canada, United Kingdom, Spain, Poland, New Zealand, South Africa, Singapore, Malaysia, Thailand, the Philippines, India and Saudi Arabia.

Mumbai:June 30, 2011 ( GNS) Yash Birla Group has acquired 51% controlling stake in leading KPO company Mansycom Consultants Pvt Ltd which specializes in 3D Building Information Modeling Technology and virtual construction domain.
Announcing the acquisition of Mansycom Consultants, Mr. P.V.R. Murthy, Group Finance Director, The Yash Birla Group says, “We are happy to add the expertise of Mansycom Consultants Pvt Ltd to our offerings. Mansycom is one of the few companies to utilize computerized building information model (BIM) technology at the start of each project as the foundation of a pre-construction collaboration with clients, removing the guesswork by identifying problems early rather than at the jobsite. For over several years, Mansycom has focused on building a team of specialists with experience in planning, design and construction, and by acquiring the company we will leverage their capabilities to give our clients maximum design and cost efficiencies.“Yash Birla Group will employ Mansycom latest advances in Building Information Technology of managing and communicating sufficient design information so the general contractor, builder and client all understand the exact parameters and constraints of a project.
“By showing a complete design in a photorealistic way, we can efficiently communicate with all individuals involved in the project. Plus we can arrive at solutions to complex issues faster,” Mr. Murthy added.
These services help in reducing construction cost between 3% to 5% and speedy implementation of projects cutting the construction time from 8% to even 20%. With massive construction & infrastructure activity going on in the country & abroad and increasing emphasis on saving cost & time, there is vast scope for these specialized niche services being provided by Mansycom Consultants Pvt Ltd, he noted.

NEW DELHI,June 28,2011 (Ajay Rawal) The U.S. Embassy today welcomed news that U.S. Congress has been officially notified of the potential sale of Mk-54 Torpedoes to the Indian Navy.
The Mk-54 is the most advanced lightweight torpedo in the U.S. Navy inventory and is intended to be employed with the P-8I maritime patrol aircraft, eight of ciawhich are currently under construction for India by the Boeing Corporation. The P-8I, equipped with Mk-54 torpedoes, will provide highly effective long-range anti-submarine warfare capabilities for the Indian Navy, an official statement said.
The final content and price for the deal will be determined during discussions with the Government of India.This sale reflects the mutual benefits of the U.S.-India security partnership. For India, the combined sale of the P-8I aircraft with the Mk-54 torpedoes will add to India’s anti-submarine capability as it expands its ability to protect India and the critical sea lanes of the Indian Ocean. The offer highlights the U.S. commitment to share cutting-edge technology with India and to ensure that both nations enjoy the benefits of a secure and stable South Asia.
In addition to the U.S. Navy, the Mk-54 torpedo is currently in service with the Royal Australian Navy.