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DHL Opens India’s First Integrated Warehousing Facility in Bengaluru

  • New facility reduces end-to-end transit time and supply chain costs
  • The 77,500-square feet GST-ready site will facilitate ease of trade in India’s IT Hub and surrounding areas

DHL Global Forwarding, the air and ocean freight specialist within Deutsche Post DHL Group, today inaugurated the country’s first integrated warehousing site in Bengaluru to provide both Customs Bonded and Domestic warehousing (CBD) solutions.

With an investment of INR 7.5 crore (Euro one million), the state-of-the-art facility is an appointed Customs Public warehouse with a domestic area for storage, sales and distribution of goods. It functions as a duty free zone and comes with a value creation area that enables labeling, packaging and repacking services. The warehouse has been set up to ensure the seamless handling, storage and movement of imports with an option to re-export. Customers will also benefit from the GST-ready warehousing space at the facility for cargo cleared for home consumption and indigenous goods. This innovative solution will bring synergies in processes, equipment and people in both areas of the warehouse, thereby increasing time and cost improvements for customers.

This offering supports DHL’s brand promise: ‘Excellence. Simply Delivered’ and will further complement DHL Global Forwarding’s portfolio of international freight and landside services.

All industry verticals including Automotive, Engineering & Manufacturing, Fashion & Apparel, Retail & Duty Free Shops, Life Sciences & Healthcare and Technology can benefit from this unique solution. The CBD is well equipped with a Warehousing Management System (WMS), ISO documented processes, and Transported Asset Protection Association (TAPA) for both areas and adheres to the highest security standards which include motion sensors, fire alarm systems, CCTV and access control.

Located in Kasaba Hobli within 22 km of Bengaluru International Airport and 25 km from the Inland Container Depot, the single site facility is equipped with multi-user benefits to increase speed and cost efficiencies.

Bengaluru is one of India’s most dynamic cities and a major trading hub driven by technology and innovation. With the presence of leading IT players, several multinational and retail brands, Bengaluru also handles huge volumes of imports. According to statistics published by custodians, Bengaluru airport handles close to 84,000 MTs of air imports per annum. Given its strategic location, it can impact close to 120,00 MTs per annum, taking into account the catchment areas in surrounding Tamil Nadu and Kerala. The unique combination of customs bonded and domestic warehousing facilities under one roof offers import customers the convenience and ease of doing business in this thriving city.

On the occasion of the launch, George Lawson, CEO, DHL Global Forwarding India said, “As the trade facilitator for India, this new facility demonstrates our commitment to customers in the Indian market. Simplifying customer trade is our passion and we are excited to pioneer customs bonded warehousing solutions for the first time in India.”

Amit Dawar, Director, Value Added Services, DHL Global Forwarding India added, “This warehouse will help meet the demands from customers owing to the lack of bonded facilities near Bengaluru airport. It will also help reduce turnaround time by up to two days, decrease multiple handling with its associated risks and reduce costs, while providing consolidation of domestic and imported goods.”

DHL Global Forwarding is the global market leader in air and ocean freight, customs brokerage and industrial projects. Offering a range of value-added services, DHL Global Forwarding provides significant benefits for customers including greater geographic spread, product and service leadership, and enhanced offerings to meet all their logistics requirements. With 44 locations across 27 cities, DHL Global Forwarding India’s network spreads across thriving business hubs to sprouting industrial centers covering the length and breadth of the nation, and is present in all the major sea and air ports in the country.

About DHL – The logistics company for the world

DHL is the leading global brand in the logistics industry. Our DHL family of divisions offer an unrivalled portfolio of logistics services ranging from national and international parcel delivery, e-commerce shipping and fulfillment solutions, international express, road, air and ocean transport to industrial supply chain management. With about 350,000 employees in more than 220 countries and territories worldwide, DHL connects people and businesses securely and reliably, enabling global trade flows. With specialized solutions for growth markets and industries including technology, life sciences and healthcare, energy, automotive and retail, a proven commitment to corporate responsibility and an unrivalled presence in developing markets, DHL is decisively positioned as “The logistics company for the world”.

DHL is part of Deutsche Post DHL Group. The Group generated revenues of more than 57 billion euros in 2016.

With RBI Cutting Repo Rate, Fence Sitters Should Step Forward and Make Their Home Buy Decision

The aspect of Inflation being under control; and at an all-time low at 1.54 per cent, logically, would support the aspect of it being the right time to lower interest rates. Given macro-economic data which showed inflation at a record low; as also factoring in the impact of the fall in factory output, the Reserve Bank of India (RBI) reduced the short-term lending rate (repo rate) by 25 basis points (bps) to 6 per cent, at the bi-monthly policy review on 02 August 2017. The markets as also industry pundits were hoping for something higher – personally, I felt that 50 bps would have been welcome.

Over the period of one year, Indian business and industry are expecting a 100 bps rate cut, and in light of this, a cut of 0.50 bps in August would have been apt. From the perspective of the real estate industry, any rate cut by the RBI boosts sentiment and has a positive effect on sales of residential real estate. While a cut of 50 bps this August would have been welcome, a cut of 25 bps after four straight reviews when rates remained constant, is a welcome step

The Indian economy as also the real estate industry has been grappling with the impact of Demonetization, RERA and GST, which have effectively, slowed down the ‘buy’ decision; almost all home seekers have been in a ‘wait and watch’ mode since past few months. In light of this, the rate cut will bring in much-required positivity for sentiment, which in turn, will have a positive impact on home buyers, and I expect the RBI’s announcement of a 25 bps repo rate cut to not just boost positive sentiment, but also mark a turnaround from the negativity which had been perceived in the real estate sector.

Given the recent incidental changes in operations of Indian real estate as also the perceived slowdown in the economy, credit options were limited. The rate cut brings in the affirmation to push home loan lending. For the home buyer, it will translate into lower EMIs and a wide array of options and choices for customers to buy their dream homes. This should impact ‘indecisive fence sitters’, and they should start to buy homes at better pace, given that market sentiments are conducive for home buying.

The Prime Minister’s vision of ‘Housing for all by 2022’ as also the target for ‘Affordable Housing’ should be achieved by various initiatives under the Pradhan Mantri Awas Yojana (PMAY), with various positives, including interest subventions scheme for Affordable Home buying and granting of infrastructure status making long term funding available such projects.

Given the high process of land the metro cities, we need to look at availability of comparatively cheaper land parcel in peripheral and Ties II & III cities, and I feel PMAY could be useful for such locations.

I expect residential real estate sales to improve post RERA and GST, and given that no tax is applicable for buildings having received OC, post the RBI’s announcement of a 25 bps repo rate cut, I expect fence sitters to step forward and make their ‘home buying’ decision.

~ Dr Niranjan Hiranandani is Founder & CMD, Hiranandani Group. His recent initiative is Hiranandani Communities. He is also Founder and First President, National Real Estate Development Council (NAREDCO-Maharashtra), which works under the aegis of Ministry of Housing & Urban Poverty Alleviation, Government of India.

The 4th Delta Advanced Automation Design Contest

Delta Electronics, a global leader in power and thermal management solutions organized the 4th Delta Advanced Automation Design Contest at Delta’s Wujiang Plant in China, from July 24-26. The contest which is participated by students from various countries aims to build awareness in automation, to learn new automation trends and to enhance system integration skill among the students.

The 4th Delta Advanced Automation Design Contest adopts the concept of advanced industrial automation development from “Industry 4.0” and “Made in China 2025”. Under the theme of “Seeking Smart Manufacturing Talents”, the competition included three major categories: “smart machines”, “smart robot”, and “smart manufacturing”. This year, the 74 teams from China, Taiwan, Thailand and India who were shortlisted for the final contest making this competition an international event. Aside from the Special Awards, the First Prize, Second Prize, Third Prize and Editor’s Awards were also presented among the other 72 teams at the award ceremony on July 26.

Many creative and outstanding ideas were brought up by contestants during the contest. Three teams from India representing Lovely Professional University, The NorthCap University and Vellore Institute of Technology, participated in the contest for the first time and presented their design and projects to the judges. All three teams walked away with the appreciation and prizes.

  • LPU University, Punjab (India) – PICASO Team (First Prize):

PICASO 4.0: The PICASO 4.0 is a Vertical Laser Engraving Automated Solution that integrates Delta’s CNC controller and a multi-axis motion control robot. The solution allows the equipment to move horizontally, and can directly perform laser engraving on various materials including brick walls, concrete, glass, timber, and more. As an utterly innovative solution that does not constraint by horizontal workspace, it can also opt for a variety of tools for painting and cutting.

  • The NorthCap University, Gurugram (India) – TVN Team (Second Prize):

Self-Checkout System in Retail: It is an integrated system consisting of an Android application, a bulk scanning/sealing station with a custom PC-based UI and a boom barrier, all controlled by a local server so as to facilitate faster checkout, reduce waiting time and avoid shoplifting from the retail stores.

  • Vellore Institute of Technology, Vellore (India) – Futurtronics Team (Second Prize):

Mobile Bin Picking Robot: So far, bin picking robots are stationary. In order to extend the workspace of the robot and to make bin picking available for industries, this project implemented bin picking using an autonomous mobile robot. This concept is motivated by industrial applications. The robot grasps the desired object, and then places it in a basket with itself. It then transports to a processing station where the object is to be placed. After the object is unloaded, the robot moves back to the initial point for further picking.

Addressing at the award ceremony, Mr. Yancey Hai, chairman, Delta Electronics, Inc., said, “The manufacturing industry worldwide is going through a major transformation toward smart manufacturing. Delta, focusing on caring for “Environmental Protection, Energy-saving, and Our Green Earth”, values the development of advanced education and conducts various academia-industrial cooperation projects. The Delta Advanced Automation Design Contest is one of the most important projects, and we have successfully discovered many talents with innovation and creation through this contest.”

Mr. Andy Liu, general manager of Delta Industrial Automation Business Group, pointed out at the opening speech, “Smart manufacturing is the future of manufacturing industry. To achieve this goal, we need more talent, and that is why Delta, as a world-class industrial automation brand, keeps working on academia-industrial cooperation to cultivate and find more talent. We provide great opportunities like Delta Advanced Automation Design Contest to encourage more students devoting to this field, experience the industrial environment and prepare for their future career in this field.”

As a world-class Industrial Automation brand, Delta has been working on enhancing industrial technology while sharing experience and techniques to talents through academia-industrial cooperation. Since 2008, Delta has launched academia-industrial cooperation project with dozens of colleges and universities in Taiwan and China, including donating automation products, build up “Delta Laboratory”, and more. Delta also plans to extent this project to other Asian countries such as Thailand and India, hoping to cultivate and find more talents for the “Automation for a Changing World.”

About Delta Industrial Automation

As a world-class Industrial Automation brand, we are dedicated to the development of AC motor drives, servo and motion control systems, programmable logic controllers, human machine interfaces, machine vision systems, meters and sensors, industrial control and monitoring software, and industrial robots.

Our Industrial Automation solutions extend to a broad range of industry applications, including electronics, textiles, food, pharmacy, rubber and plastics, packaging, printing, woodworking, and machine tools. We integrate our automation products, equipment networking, system software, IoT technology, and big data analysis to build innovative and reliable smart, green factory automation solutions for global customers, and to realize our promise of “Automation for a Changing World”.

For more information, please visit: www.deltaelectronicsindia.com

About Delta

Delta, founded in 1971, is a global leader in power and thermal management solutions and a major player in several product segments such as industrial automation, displays, and networking. Its mission statement, “To provide innovative, clean and energy-efficient solutions for a better tomorrow,” focuses on addressing key environmental issues such as global climate change. As an energy-saving solutions provider with core competencies in power electronics and innovative research and development, Delta’s business categories include Power Electronics, Automation, and Infrastructure. Delta has 163 sales offices, 64 R&D centers and 39 manufacturing facilities worldwide.

Throughout its history, Delta has received many global awards and recognition for its business achievements, innovative technologies and dedication to corporate social responsibility. Since 2011, Delta has been selected as a member of the Dow Jones Sustainability™ World Index (DJSI World) for 6 consecutive years. In 2016, Delta was selected out of 5,800 large companies by CDP (formerly the Carbon Disclosure Project) for its Climate Change Leadership Level.

For detailed information about Delta, please visit: www.deltaww.com

Xposure to Manage the Media Business for Ralson Tyres

Ralson Tyres has assigned the media duties of its business to Xposure. The selection was made after a rigorous process of media pitching that saw industry’s top media agencies vying for the account. The pitch process covered both the planning and buying aspects of the business and the mandate is effective immediately.

Mr. Yogeshwar, Advertising Head of Ralco, had this to say on the pitch. “Our brief on the account was very simple – growth of challenger brand Ralco vis-à-vis the biggies of the industry. In our assessment, Xposure was the only agency to offer a strategic perspective on the same. While buying was important to us, the strategic perspective provided by Xposure to media planning had a value which outweighed all other considerations. We believe that in Xposure we have found not only an experienced media partner but a strategic thinker on brand building also.”

Rajul Kulshreshtha, co-founder of Xposure, considers Ralco to be the biggest challenge for Xposure. “Not only do we have to counter the huge SOV of mega brands but also have to build the brand from image perspective.”

Sundeep Sharma, co-founder of Xposure, finds this a true challenge from the buying side of things as well. “We are committed to delivering a huge VFM for the brand which will not only ensure visibility but also create a sharp differentiation from the current benchmarks in this industry.”

About Ralson Tyres

Ralson and Ralco together support the industry with an astounding +1 Lac bicycle tyres a day. Add to this figure another 1.2 Lac tubes produced daily and it becomes clear why Ralson and Ralco are the OEM manufacturers’ No.1 partners of choice. Company’s capacity to produce high-quality products is at par with the world’s best, making them one of the few companies in the world with the highest per day production rate. The company’s mega factory based in Ludhiana is spread over 46 acres and employs a workforce of over 4000 skilled and semi-skilled professionals. With a total turnover of over Rs.800 crores, Ralson continues to surge ahead in the domestic and overseas markets by consistently delivering innovative products, unparalleled quality and value for money to its millions of loyal customers, tapping the full potential of the booming global market and the promising domestic scenario.

About Xposure

Xposure was set up in 2013 by Rajul Kulshreshtha, former country head of Kinetic Worldwide India, an out-of-home agency, fully owned by WPP Group along with Sundeep Sharma, former, country head, Motivator, a GroupM company. Currently, the agency claims to have nine to ten clients, of which the majority are startups and online businesses. For instance, dating app TrulyMadly, online travel site Ibibo, and car aggregator Cardekho.com, in addition to mobile wallet company MobiKwik are on its roster. The agency also manages media buying and planning for mobile handset manufacturer Gionee, owned by Syntech Technology Pvt. Ltd., apart from Matrix Cellular (International) Services Ltd.

Wipro Recognized with Elevate Texas Award

Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading global information technology, consulting and business process services company was recognized with the “Elevate Texas” award by the Texas Economic Development Corporation, the organization that markets the state as one of the world’s top locations for business.

The statewide award recognizes communities, organizations and companies that are making a tremendous contribution to Texas’ economy, whether through jobs and investment, infrastructure and workforce development or other initiatives, which help to drive growth in the Lone Star State.

“Wipro is truly a global leader in the IT services industry and a major force in economic development in the State of Texas,” said Sanjiv Yajnik, Chairman of the Board of Texas Economic Development Corporation and President of Financial Services at Capital One. “Azim Premji, Chairman of Wipro Limited, and Abid Neemuchwala, CEO of Wipro Limited, have been active supporters of Texas. We are grateful for their partnership with the Texas Economic Development Corporation and their commitment to growing in our state.”

Yajnik, together with Robert Allen, President and CEO of Texas Economic Development Corporation, applauded Wipro for its investment in Texas, particularly when it comes to the future of Texas’ workforce. In March 2017, the company expanded the Wipro Science Education Fellowship (SEF) program to Texas, in collaboration with the University of North Texas at Dallas. Through the SEF program, Wipro has pledged $1.1 million to train K-12 educators for excellence in STEM disciplines, to help enhance student learning in Greater Dallas-Fort Worth area public schools.

In addition to working with educators, Wipro is collaborating with First Book, a nationwide non-profit organization with the goal to supply books to low-income schools and underprivileged students across the country. Recently, the company held a joint event with First Book where Wipro volunteers collected over 43,000 books for Dallas area schools and children.

The company, which currently employs 1,200 in Texas, with major operations in Dallas and Houston, plans to inaugurate a new 35,500 sq. ft. advanced technology center in Plano in September. As part of its effort to attract and recruit leading next generation talent, Wipro has forged strong and lasting relationships with local universities. Wipro recruits students from The University of Texas at Austin (UT Austin), University of Texas at Dallas (UT Dallas), University of Houston, Rice University, University of North Texas (UNT) and other colleges for its delivery center in Dallas. Wipro has already recruited nearly 100 recent graduates from Texas academic institutions in 2017, with additional campus hiring planned throughout August.

“I am honored to accept the Elevate Texas award,” said Abidali Z. Neemuchwala, Chief Executive Officer and Executive Director, Wipro Limited. “As a company with a significant presence in Texas and deep relationship with the local community, we applaud the Lone Star State’s support of the technology sector and its commitment to improving STEM education. Wipro is proud to do business in Texas and contribute to the state’s economic growth. We are committed to fostering knowledge and skills in the fields of science and technology to create a better future for all.”

During the past decade, Wipro has invested over USD 2 billion in the United States. Wipro has over 40 facilities across 23 states in the U.S. The company has been focused on creating jobs in the U.S. underscoring its strategy to build a deep reservoir of local talent based out of centers close to its clients. Wipro employs over 14,000 in the U.S., a majority of whom are U.S. locals.

About Texas Economic Development Corporation 

Texas Economic Development Corporation is an independently funded and operated 501(c) (3) nonprofit organization, whose mission is dedicated to economic development, business recruitment and job creation in the State of Texas. The public-private partnership coordinates efforts with the Office of the Governor to market Texas globally as a premier business destination. For more information about Texas Economic Development Corporation, visit www.texaswideopenforbusiness.com.

About Wipro Limited 

Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO) is a leading global information technology, consulting and business process services company. We harness the power of cognitive computing, hyper-automation, robotics, cloud, analytics and emerging technologies to help our clients adapt to the digital world and make them successful. A company recognized globally for its comprehensive portfolio of services, strong commitment to sustainability and good corporate citizenship, we have over 160,000 dedicated employees serving clients across six continents. Together, we discover ideas and connect the dots to build a better and a bold new future.

Forward-looking and Cautionary Statements

Certain statements in this release concerning our future growth prospects are forward-looking statements, which involve a number of risks, and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding fluctuations in our earnings, revenue and profits, our ability to generate and manage growth, intense competition in IT services, our ability to maintain our cost advantage, wage increases in India, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, restrictions on immigration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks, our ability to successfully complete and integrate potential acquisitions, liability for damages on our service contracts, the success of the companies in which we make strategic investments, withdrawal of fiscal governmental incentives, political instability, war, legal restrictions on raising capital or acquiring companies outside India, unauthorized use of our intellectual property, and general economic conditions affecting our business and industry. Additional risks that could affect our future operating results are more fully described in our filings with the United States Securities and Exchange Commission. These filings are available at www.sec.gov. We may, from time to time, make additional written and oral forward-looking statements, including statements contained in the company’s filings with the Securities and Exchange Commission and our reports to shareholders. We do not undertake to update any forward-looking statement that may be made from time to time by us or on our behalf.

Strengthening Aircraft Maintenance Engineer Skills and Employability

Ministry of Civil Aviation has been focusing on skills planning and development in conjunction with public and private enterprises, and skilling bodies such as the National Skill Development Corporation (NSDC), Rajiv Gandhi National Aviation University (RGNAU), and Aerospace & Aviation Sector Skill Council (AASSC), with a view to deliver the best growth outcomes for the civil aviation sector.

IMaCS’s Comprehensive Skill Gap Report submitted to the Ministry highlights that 72,900 technicians and AMEs will be required by the industry by 2035. DGCA data indicates that 3,644 Basic Licenses and only 159 type rated AME licenses were issued in the last 5 years. The Ministry is launching four inter-related initiatives:

(1) Upgrade Training Infrastructure: DGCA is in the process of improving standards for recognition of AME training institutes in order to enhance the quality of training being imparted in these institutes.
(2) Facilitate Degrees for AMEs: RGNAU is planning to provide affiliation of AME training institutes and other colleges for awarding a graduate degree in Aircraft Maintenance Engineering. The University is also considering starting conversion courses for students who have completed course from AME training institutes to enable them to become graduates.
(3) Establish system for skill development: An interactive portal for registration, tracking, monitoring, and disseminating information for AMEs is being established. It would serve as a common platform for all stakeholders in building AME skills and employability, i.e. students, establishments, academia, training institutes, and regulatory agencies, to register, track and monitor implementation.
(4) Standardize AME Apprenticeship

(i) The Ministry in partnership with the airlines and MRO organizations has launched a one-year Standard AME Apprenticeship Program. Its hallmark is standardization, streamlining and transparency of the process for selection right through training and induction of AMEs by prospective employers. Students, passing out from DGCA-approved AME Training Institutes, who have also passed the exams for Papers 1 and 2 (or equivalent Modules) conducted by DGCA would be eligible to apply for this Apprenticeship. From the merit list of all registered candidates generated on the AME Portal, final selection for Apprenticeship would include assessments/interviews by potential employers who are also registered on the portal with pre-announced vacancies.Selected candidates would be trained academically with a substantial component of field experience using Standard Training Modules for Fixed Wing, Helicopters and Avionics Streamspreparedby the aviation industry and DGCA.Employers would pay a minimum stipend of Rs. 3,542 per month (as may be revised from time to time by the Apprenticeship Act, 1961), or higher as per the company’s policy. A Certificate of Competence, which is also recognized as a Certificate of Experience of one-year by DGCA, would be issued by the establishment concerned to every successful Apprentice.

(ii) AIESL & Boeing AME Accelerated Apprenticeship Program: Considering the importance of skilled AMEs in a fast-growing aviation market like India, Boeing has taken the initiative to support Air India Engineering Services Ltd. (AIESL) in developing the AME Accelerated Apprenticeship Program. The key objectives of the Program are to improve the employability of AMEsthrough training and hands-on experience with actual aircraft. Students passing out from DGCA-approved AME institutes will be eligible to apply to the program. To be admitted, applicants must first perform well on an entrance examination. The AME Accelerated Apprenticeship Program will consist of one year of theory and practical learning in a smart-classroom environment, including select CAR66 Modules. Apprentices will also receive advanced training aids to help strengthen the theoretical concepts learned in the classroom. These will be supplemented by performing specific tasks on Boeing aircraft.

The first class will commence at the AIESL Mumbai facility in November 2017. At the end of the Program, successful candidates will receive a certificate from AIESL. They will also receive coaching on job interview skills to prepare them to find a job. Additional details about the Program, such as scope, fees, and entrance examination, will be available soon.

Speaking at the launch, Shri P. Ashok Gajapathi Raju, Honorable Minister of Civil Aviation said, “Skilled manpower is essential to the growth of India’s aviation sector. Ministry of Civil Aviation is improving the skill ecosystem through Standard Apprenticeship for Aircraft Maintenance Engineers prepared after active participation from industry in order to ensure steady supply of trained and industry-ready AMEs.”

Shri. Jayant Sinha, Honorable Minister of State for Civil Aviation remarked, MoCA is committed to increasing the skills and employability of young men and women who join the booming aviation industryWith our detailed four-pronged approach to skill development for Aircraft Maintenance Engineers (AMEs), we are significantly upgrading their ability to hone their skills and find employment. Our learnings from this initiative will help us in expanding the scope to other trades and skills in aviation sector.”

Marc Allen, President of Boeing International said, “We are delighted to partner with Air India and the Ministry of Civil Aviation to support aircraft maintenance skilling initiatives through the Accelerated AME Apprenticeship Program.We congratulate the Ministry of Civil Aviation and Air India for their vision and leadership, in taking proactive steps to develop a skilled aviation workforce anticipating the demand for new aircraft in the near future.” He added, “Considering employability is often related to the quality of skills, we are happy to help Air India with their endeavour to enhance the skills of students aspiring to join this fast-growing industry.”

Epitome of Sportiness and Driving Pleasure: BMW Launches the New BMW 320d Edition Sport in India

The new BMW 320d Edition Sport was launched today in India. With its outstanding sporting characteristics and design, the BMW 320d Edition Sport amplifies the sporty and dynamic character of the BMW 3 Series.

The new BMW 320d Edition Sport is locally produced at BMW Plant Chennai and can be ordered from BMW dealerships from today onwards.

Mr.Vikram Pawah, President, BMW Group India said, “With the launch of the new BMW 320d Edition Sport, we go a step further in presenting a well-balanced portfolio of the BMW 3 Series. The latest generation BMW TwinPower Turbo diesel engine of the BMW 320d Edition Sport gives a thrilling power delivery and excellent responsiveness which guarantees sheer driving pleasure on the road. Agility and driving dynamics remain the outstanding disciplines of the new BMW 3 Series. The new BMW 320d Edition Sport will build an emotionally rich connection between a sporting driving experience and unbeatable everyday practicality.”

The ex-showroom prices for the new BMW 320d Edition Sport are as follows –

BMW 320d Edition Sport : INR 38, 60, 000

*Price prevailing at the time of invoicing will be applicable. Delivery will be made on ex-showroom. Ex-showroom price (inclusive of GST (incl compensation cess) @ 43% as applicable in New Delhi but excludes Road Tax, RTO statutory taxes/fees, other local tax/cess levies and insurance. Prices and options are subject to change without prior notice. For further information, please contact your local Authorized BMW Dealer.

The new BMW 320d Edition Sport is available in Alpine White as non-metallic color and Black Sapphire and Mediterranean Blue as metallic color.

The range of fine upholstery combinations in Edition Sport include Sensatec Black/Red highlight | Black and Sensatec Veneto Beige | Veneto Beige.

The new BMW 320d Edition Sport sets clear visual accents. Its striking design features in high-gloss black at front and rear reinforce its sporty look. The boldly designed kidney grille slats in high-gloss black produce an especially athletic effect for the front end. In the interior, contrasts between black and red with sports seats express the typical BMW athleticism: sporting chrome scaling at console, red contrast stitching on the sport steering wheel and gear shift paddles. In typical BMW style, the cockpit is angled towards the driver to put all controls within reach and facilitate intuitive driving. The electric glass sunroof brings in a sense of well-being and the 205 Watt, 9 speaker Hi-Fi loudspeaker system offers highest quality of entertainment for the passengers. As a distinctive feature of the Edition Sport, the vehicle key is designed in red decorative trim.

The latest generation BMW TwinPower Turbo diesel engine features remarkably agile power delivery and excellent responsiveness, even at low engine speeds. The 4-cylinder diesel engine in the BMW 3 Series boast high dynamics and guarantee the highest possible efficiency – for maximum performance with lower fuel consumption. It produces an output of 140 kW / 190 hp and a maximum torque of 400 Nm at 1750 – 2,500 rpm. The BMW 320d Edition Sport accelerates from 0 -100 km/hr in just 7.2 seconds to a top speed of 250 km/hr. The new BMW 320d Edition Sport gives impressive efficiency of 22.69 kmpl on average, equating to CO2 emissions of 116.62 g/km.

The eight-speed Steptronic Sport automatic transmission performs smooth, almost imperceptible gear shifts. For even greater driving pleasure, the eight-speed Steptronic transmission is available with steering wheel paddle shifters. At any time, in any gear, the transmission collaborates perfectly with the engine, enabling it to develop its full power and efficiency. Furthermore, the BMW 320d Edition Sport comes with a Launch Control function as standard. This easy-to-operate system paves the way for ambitious drivers to achieve optimum acceleration under all conditions.

The new BMW 320d Edition Sport provides unparalleled performance coupled with cutting-edge safety technologies. BMW’s exemplary safety provides optimal support in any situation with six air bags, Anti-Lock Braking System (ABS) with brake assist, Dynamic Stability Control (DSC) including Dynamic Traction Control (DTC), Cornering Brake Control (CBC), Side-impact Protection, ISOFIX child seat mounting, Runflat tyres (RFT) with reinforced sidewalls, emergency spare wheel, electronic vehicle immobiliser and crash sensor.

EfficientDynamics doubles the Sheer Driving Pleasure of the new BMW 3 Series with features such as Auto Start-Stop, ECO PRO mode, Brake-Energy Regeneration, Intelligent Lightweight Construction, Electronic Power Steering, 50:50 Weight Distribution and many other innovative technologies. Using the Driving Experience Control switch, the driver is able to choose between different driving modes to suit the driving conditions. (Comfort, ECO PRO, Sport, Sport+)

BMW has been setting the standard for connectivity between human, car and the outside world for many years now. The new BMW 320d Edition Sport comes standard with BMW ConnectedDrive features such as iDrive controller and a 16.5 cms colour display with CD drive, BMW Apps, Connectivity through Bluetooth and USB/AUX IN connectivity, Rear View Camera along with Park Distance Control (PDC) Rear.

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India’s No.1 Automation Expo Attracts Record Participation for 12th Edition

Automation Expo 2017, India’s biggest and South East Asia’s 2nd biggest Automation show has attracted a record number of exhibitors with over 900 companies from over two dozen countries represented at the event. The 12th edition of the show will be held from 09 to 12th August, 2017, at Hall No.1, Bombay Exhibition Centre, in Mumbai. The exhibition, spread across an area of 23,000 sq.mtr, will have on display a vast array of products and innovations from global leaders in the field of Industrial Automation, now entering the era of Industrial Internet of Things (IIoT). The show is supported by the Department of Science & Technology, Govt of India, and a host of other professional bodies.

The mega Automation Show will be inaugurated by Mr. B. Narayan, Group President (Procurement & Projects), Reliance Industries Ltd, at a Grand Opening Ceremony in the presence of an august gathering of industry stalwarts and automation professionals.

The four-day extravaganza will witness on display state-of-the-art products and cutting edge technologies from the field of Process Automation & Control Systems, Factory Automation, Industrial Automation, Field Instrumentation, Smart Sensors & Controllers, Robotics & Machine Automation, Motors & Drives, Software Solutions, Bus Technologies, Wireless Technologies, Building Automation, Automation in Hydraulics & Pneumatics, Automation in Renewable Energy and Safety & Security Systems, etc.

Since inception fifteen years ago, Automation Expo has consistently evolved as a top-of-the-class platform to showcase the world’s best automation technologies at a single venue. The exhibition brings together the Who’s Who of the industry, decision makers, technocrats, and technology enthusiasts. Here professionals like fund managers and venture capitalists mingle with technology providers in one-to-one meetings seeking investment opportunities and explore mergers & acquisitions (M&A) possibilities to create sustainable business models for the future. Mr. M. Arokiaswamy, Managing Director, IED Communications Ltd, the brain behind this mega exhibition says, “Automation is no longer an emerging trend or a cutting edge technology for the future. It is the reality we need to live with, here and now. Today there is a pressing need for every industry in India to embrace automation to take on global competition.

The 12th edition of the show is expected to get more than 50,000 visitors from various OEMs and industries such as Oil & Gas, Automobiles, Pharmaceuticals, Food Processing, Fertilizers and Chemicals, Cement, Glass, Electrical and Electronics, and other automation technology users and solutions providers. With more than 900 top automation manufacturers and solution providers already gearing up to showcase their technology prowess at the mega event, the upcoming show is surely going to set a benchmark in the history of the Indian Automation Industry.

Automation Expo 2017 will also host concurrent events:

  • CEO Summit on Innovation and R&D – 9th August
  • Conference on Automation in Pharma – 9th August
  • Conference on Industrial Internet of things – 10th August
  • Machine Safety Interactive Session – 10th August
  • Conference on Cyber Security – 11th August
  • Workshop on SIL and Functional Safety – 12th August

The Industrial Automation Market

Transparency Market Research (TMR) observes that the global industrial automation market is highly fragmented due to the presence of several players in the field. The top four players with a strong foothold in the global market hold just under 15% of the market share, which indicates the extent of fragmentation. However, there is some consolidation happening gradually as indicated by the acquisition of MYNAH Technologies by Emerson, Rockwell Automation’s acquisition of Maverick Technologies and ABB’s acquisition of Bernecker & Rainer (B&R).

According to the TMR report, the global industrial automation market is anticipated to reach a valuation of US$352.02 bn by the end of 2024 from US$182.64 bn in 2015. Between the forecast years of 2016 and 2024, the global market is expected to expand at a CAGR of 6.6%. “Developing new technologies that deliver commercial excellence, functional transformation will be the key focus areas of these companies,” states the lead author of this research report.

The Indian Industrial Automation Industry is expected to reach INR 197 billion by 2020 with growth driven by rapid adoption of modern technology backed by cost saving features, says Ken Research, a global aggregator and publisher of market intelligence research reports, equity reports, data base directories and economy reports.

The Factory Automation market has been the fastest emerging segment in the industrial automation market in India. Automotive industry has been an integral part of the factory automation since the inception of automation practices, thanks to assembly line mass production which includes welding, cleaning, joining solutions, engine assembly.

The demand of Process Automation products has been primarily driven by pharmaceutical sector, largely due to the huge demand of medicines and other pharmaceutical products. The process automation market in India has been largely dominated by pressure transmitters.

Email: jyothi@iedcommunications.comwww.automationindiaexpo.com

Wipro Partners with and Invests in Tricentis to Deliver End-to-End Hyper Automation across Quality Lifecycle

Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading global information technology, consulting and business process services company and Tricentis, a software testing company and a thought leader in the automated testing space, today, announced a partnership for Quality Engineering.

This partnership with Tricentis will strengthen Wipro’s Quality Engineering and Testing Services capabilities, by integrating Tricentis Tosca, a continuous testing platform, with Wipro AssureNXT, a managed services QA platform combined with the capabilities of Wipro HOLMES Artificial Intelligence PlatformTM as a part of the broader automaton ecosystem.

The Wipro – Tricentis partnership will enable clients to successfully achieve their business outcomes in today’s digital landscape by enabling continuous integration, delivery and in turn, DevOps. The joint offering will also help improve time-to-market and quality by augmenting end-to-end automation across the software testing lifecycle.

“We believe that clients will see this partnership as a game changer as the two prominent leaders in the industry get together to create a truly disruptive proposition for continuous testing. It will help them drive speed in their business while bringing effectiveness and experience to their automation journey, through the powerful combination of Wipro AssureNXT, Wipro HOLMES and Tricentis Tosca,” said Hiral Chandrana, Senior Vice President, Business Application Services, Wipro Limited.

“As organizations increasingly adopt transformation initiatives, such as DevOps, the reliance on legacy testing tools and approaches are holding organizations back, throttling the speed of innovation,” said Sandeep Johri, CEO of Tricentis. “Software development has evolved dramatically in the shift from waterfall processes to Continuous Delivery pipelines. Software testing must also change in order to control business risks in a faster, more flexible manner.”

Along with the partnership agreement, Wipro Ventures, the strategic investment arm of Wipro Limited, has made an investment in Tricentis, as part of their most recent funding round.

About Wipro Limited

Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO) is a leading global information technology, consulting and business process services company. We harness the power of cognitive computing, hyper-automation, robotics, cloud, analytics and emerging technologies to help our clients adapt to the digital world and make them successful. A company recognized globally for its comprehensive portfolio of services, strong commitment to sustainability and good corporate citizenship, we have over 160,000 dedicated employees serving clients across six continents. Together, we discover ideas and connect the dots to build a better and a bold new future.

Forward-looking and Cautionary Statements

Certain statements in this release concerning our future growth prospects are forward-looking statements, which involve a number of risks, and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding fluctuations in our earnings, revenue and profits, our ability to generate and manage growth, intense competition in IT services, our ability to maintain our cost advantage, wage increases in India, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, restrictions on immigration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks, our ability to successfully complete and integrate potential acquisitions, liability for damages on our service contracts, the success of the companies in which we make strategic investments, withdrawal of fiscal governmental incentives, political instability, war, legal restrictions on raising capital or acquiring companies outside India, unauthorized use of our intellectual property, and general economic conditions affecting our business and industry. Additional risks that could affect our future operating results are more fully described in our filings with the United States Securities and Exchange Commission. These filings are available at www.sec.gov. We may, from time to time, make additional written and oral forward-looking statements, including statements contained in the company’s filings with the Securities and Exchange Commission and our reports to shareholders. We do not undertake to update any forward-looking statement that may be made from time to time by us or on our behalf.

IndiaFilings to Launch Desktop Based LEDGERS GST Accounting Software

Goods and Service Tax (GST) regime has started in India from 1st July 2017 impacting nearly 1 crore businesses across India. Though GST is a consumption based tax borne by the end-consumers, businesses are tasked with the responsibilities of payment, collection and remittance of GST to the Government. Businesses both large and small have had to take steps to obtain GST registration, create GST compliant invoice formats, upgrade or introduce GST accounting software and map all goods/services to HSN/SAC code and update GST rates in billing systems.

GST return filing is expected to commence from September 2017. Businesses registered as regular taxpayers would have to file 3 monthly GST returns, namely GSTR-1, GSTR-2 and GSTR-3. GST return filing can be completed online and the Government has made provisions for GST Suvidha Providers to help businesses with their GST return filing.

Cloud-based LEDGERS GST Software 

To help businesses with their GST compliance, the cloud-based LEDGERS GST Accounting Software was introduced by IndiaFilings.com on 1st July 2017. Since its release, the company has signed on over a thousand users for its GST software and GST services.

LEDGERS accounting software not only helps a business file its GST returns but also has features to help businesses create invoices, record expenses, track input tax credit and manage all aspects of GST compliance. The cloud based platform is linked with the GST Network and GST return filing can be done seamlessly based on the invoices generated or uploaded on the platform.

Launch of Desktop Version

Following the launch of the cloud-based version, IndiaFilings today announced the desktop version of LEDGERS GST Software. The desktop version will be able to function without an internet connection with data being stored on the hard-drive of a computer, on-premises of the business. If the business would like to file GST return, then a one-time connection to the internet would be required during the time of filing GST return.

Talking about the launch of the desktop version, Lionel Charles, CEO of IndiaFilings.com and LEDGERS said “The most requested feature amongst a majority of users of cloud-based LEDGERS software was the introduction of a desktop version wherein data is stored on-premises. We have always believed in solving our customer’s pain-point without making major changes to their usage habits. Further, India is a growing country wherein in tier-2 and tier-3 cities, internet connectivity is still a challenge for small businesses. So, there is a very large market for offline GST software and we wish to provide these SMEs with a software to easily manage their GST compliance.

About LEDGERS GST Software

LEDGERS is an accounting software from IndiaFilings.com designed to help businesses with their accounting and GST compliance requirements. LEDGERS is designed to be simple and intuitive – keeping in mind the requirements of small and medium sized businesses in India. You can use the free version of LEDGERS GST Software to easily create estimates, issue invoices and manage customers. Paid versions of LEDGERS has additional features that would allow a business to completely maintain all aspects of accounting on the software like customer management, supplier management, expense tracking, GST input tax credit management, GST return filing and more. Know more about LEDGERS GST Software.

LEDGERS is a product of IndiaFilings.com. IndiaFilings is India’s online platform offering a range of services like company registrations, Trademark filing, GST registration, GST filing and income tax filing services. IndiaFilings has helped thousands of Entrepreneurs and individuals with quality and reliable business services online at an affordable price point. For more information, please visit IndiaFilings.

Edelweiss Tokio Life Wins ‘Best Product Innovation’ Award

Edelweiss Tokio Life Insurance, a joint venture between the Edelweiss Group and Tokio Marine Holdings of Japan, has been conferred the ‘Best Product Innovation’ award for its product, Wealth Ultima, at the prestigious Fintelekt Insurance Awards 2017.

As a philosophy, Edelweiss Tokio Life believes that finding and articulating the problem is the first half of any solution, and the other half is then to solve it. This product was an outcome of a need gap research which identified the lack of a methodical way of managing wealth and unavailability of a single life insurance product to address various financial needs of customers. Edelweiss Tokio Life believes in creating products designed basis the principles of Financial Planning.

Commenting on the win, Mr.Deepak Mittal, MD & CEO of Edelweiss Tokio Life Insurancesaid, “At Edelweiss Tokio Life, we constantly strive to create products that are innovative and provide value to our Customers. Wealth Ultima is one such product, which is differentiated due to its unique benefits offered all in one plan. We are deeply gratified that customers, as well as the industry, have acknowledged this.”

Edelweiss Tokio Life’s Wealth Ultima for which this accolade was bestowed, is a Unit Linked Insurance Plan offering three benefits in one – systematic investment plan, systematic transfer plan and systematic withdrawal plan.

About Edelweiss Tokio Life Insurance

Edelweiss Tokio Life Insurance Company Limited (‘the Company’), registered with Insurance Regulatory and Development Authority of India (Regn. no. 147), is a joint venture between Edelweiss Financial Services Limited and Tokio Marine Fire Nichido Insurance Company Limited (a Japan based company), having a shareholding of 51% and 49% respectively in the Company. This lineage brings together a deep understanding of customer needs and international expertise. The Company offers proprietary need-based solutions to help customers meet their life stage financial goals.

Edelweiss Tokio Life Insurance Company Limited is the “Winner – Best Life Insurer of the Year”, presented at the 15th Annual Outlook Money Awards 2016.

To learn more about Edelweiss Tokio Life Insurance, please visit www.edelweisstokio.in
To learn more about the Edelweiss Group, please visit www.edelweissfin.com
To learn more about Tokio Marine Holdings Inc., please visit www.tokiomarinehd.com/en

Facebook:@EdelweissTokioLife
Twitter@edelweiss_tokio
LinkedIn:Edelweiss Tokio Life Insurance

Sapnesh Lalla Takes Charge as the CEO of NIIT Ltd

NIIT Ltd today announced that Mr. Sapnesh Lalla who has been leading NIIT’s Global Corporate Business, has assumed charge as the Chief Executive Officer of the company from August 1, 2017.

As the CEO of NIIT, Sapnesh’s focus would be to drive forward strategies aligned to the requirements of the economy that is witnessing digital disruption.

Welcoming Mr. Sapnesh Lalla as the CEO, Mr. Vijay ThadaniVice Chairman & MD, NIIT Limited said, “We are delighted to have Sapnesh Lalla taking charge of the company at a time when our business transformation initiatives have started to yield results and the company is firmly back on a growth path. With his global experience and keen understanding of disruptions that the economy is currently undergoing, Sapnesh will be responsible for establishing NIIT as a leader in the digital learning space.”

“Over the last three decades we have built a strong pipeline of leaders. Sapnesh has enjoyed a 25 year long tenure with a number of accomplishments including taking NIIT’s Corporate Learning Group to new heights. I heartily congratulate Sapnesh and I am confident that his appointment will give a further thrust to the growth drive of NIIT,” added Mr. Thadani. 

Sapnesh joined NIIT in 1992 as a Project Lead in the Learning Content Development team and has since held various management and leadership roles in product management, customer support, channel development, sales, and support functions.

Prior to his appointment as CEO, Sapnesh served as the President of NIIT’s Global Corporate Business, which constitutes nearly seventy percent of NIIT’s total business. He led critical initiatives for the expansion of the company in North America and Europe including significant acquisitions like Cognitive Arts and Element K. Under his leadership, NIIT has grown to become a leading global learning outsourcing solutions provider with its Managed Training Services offering.

“The world is going through a spate of very substantial disruptions. “Digital” is changing how we and our customers do and will do everything. The millennial workforce works and learns differently. Soon we will have an average lifespan of 100 years. Education and Training are the best known enablers of change. As I look ahead, I see a great opportunity for us to create new value for our customers and grow.” said Mr.Sapnesh Lalla, CEO, NIIT Limited.

Sapnesh is an Electronics and Communications Engineer, and received his Executive Education at the Ross School of Business, University of Michigan. He was selected into the prestigious Managing Director’s Quality Club and has the distinction of receiving the coveted Global Leadership Award twice in 2001 and 2010.

About NIIT

NIIT is a leading Skills and Talent Development Corporation that is building a manpower pool for global industry requirements. The company, which was set up in 1981 to help the nascent IT industry overcome its human resource challenges, today ranks among the world’s leading training companies owing to its vast and comprehensive array of talent development programs. With a footprint across 40 nations, NIIT offers training and development solutions to Individuals, Enterprises and Institutions. NIIT has three main lines of business across the globe – Corporate Learning Group, Skills & Careers Group and MindChampion Learning Systems Limited.

NIIT’s Corporate Learning Group (CLG) offers Managed Training Services (MTS) to market-leading companies in North America, Europe, Asia, and Oceania. The Skills & Careers Group (SNC) delivers a diverse range of learning and talent development programs to millions of individual and corporate learners in areas including Digital Transformation, Banking, Finance & Insurance, Soft Skills, Business Process Excellence, Retail Sales Enablement, Management Education, Multi-Sectoral Vocational Skills, Digital Media Marketing, and new-age IT. As NIIT’s wholly owned subsidiary for its K-12 school learning initiative – MindChampion Learning Systems Limited (MLSL), provides futuristic NIIT nGuru range of learning solutions for schools comprising, interactive Classrooms with digital content, technology-driven Math Lab, IT Wizard programs and Quick School – an Education Resource Planning software. The Training.com learning platform is an NIIT initiative for advanced career programs, which are delivered live by industry experts in an immersive and interactive online mode, combining instructor-led classrooms with the convenience of accessing the training sessions from anywhere.

As the Most Trusted Training Brand in India for 5th year in a row (Brand Trust Report, 2017), NIIT’s learning and talent development solutions, continue to receive widespread recognition globally. NIIT has been named among the Top 20 Training Outsourcing Companies for the past nine consecutive years by Training Industry, Inc. USA. Further, leading Indian ICT journal Dataquest has conferred upon NIIT the ‘Top Training Company’ award successively for the past 20 years, since the inception of this category. NIIT has also been featured as the ‘Most Respected Education Company’- 2016 by leading financial magazine, Business World. NIIT.tv – a disruptive innovation by NIIT, won the prestigious award for ‘Educational Technology, at the Indo-American Education Summit 2016.

Visit us at: www.niit.com
Follow us on: www.twitter.com/niitltd

DuPont Nutrition & Health Launches DuPont NutriScholars Awards

DuPont Nutrition & Health announces the first edition of its pan-India food science program titled ‘DuPont NutriScholars Awards’ (DNA). The program aims to reach out to food science and technology students across leading institutions to pioneer ideation of ethnic Indian foods and beverages.

As one of the world’s leading specialty food ingredients suppliers, DuPont Nutrition & Health is committed and actively working towards driving food science research and developing actionable food strategies. DuPont regularly conducts market research relating to concept development, consumer acceptance, economic feasibility, and product marketing. This is particularly critical in a diverse market like India, to cope with rapidly changing demographics and to discover new initiatives in the processed food industry.

Collaboration to drive local innovation

Parth Patel, business director, DuPont Nutrition & Health, South Asia, said: “We are thrilled to have the leading food science and research institutes joining our growing network of problem solvers for the traditional Indian food and beverage industry. To solve food-related challenges such as under-nutrition, diet-related diseases and developing authentic taste and texture, we must drive innovation, build knowledge and share expertise. We need concrete solutions that benefit both food manufacturers as well as consumers. With this joint vision, shared values and complementary approaches with the academicians of the country, we believe we can co-create solutions for healthier, tastier, affordable and convenient food for the Indian palette.”

“The DuPont NutriScholars Awards strengthens our objective of bringing innovative food ideas in local and ethnic food industry using DuPont™ Danisco® range of ingredients,” he adds.

Speaking on collaboration with the academia, Sanjay Iqbal, application lead, DuPont Nutrition & Health, South Asia said, “India is one of the fastest growing economies in the world. There is a need to create a platform so that academia in the field of food science and technology can work closely with industry to understand the current food challenges. This will help drive creative ideas using functional and health-promoting food ingredients to fuel the growth in this segment.”

More about the program

The DuPont NutriScholars Awards 2017 edition features three distinctive award categories:

  • Best Innovation in Local Foods
  • Most Nutritious Food Idea
  • Ultimate Health & Wellness Food Creation

DuPont Nutrition & Health has partnered with F1rst, a specialist business research & consultancy organization to launch the program to more than 150 universities and institutions in the country. The DuPont NutriScholars Award will run in two phases ending September 15 and November 30 this year respectively. Nine winners across three award categories will be announced in December 2017.

The jury panel will include renowned industry experts from leading food companies, academicians and DuPont representatives. Product innovativeness, potential to be successful in commercial market and technical skills used in product development using one or more DuPontTM Danisco® ingredients will lay the foundation for selection of best food designs across all three categories.

For more information on the program visit www.dupontnutrischolars.com

DuPont Nutrition & Health combines in-depth knowledge of food and nutrition with current research and expert science to deliver unmatched value to the food, beverage and dietary supplement industries. We are innovative solvers, drawing on deep consumer insights and a broad product portfolio to help our customers turn challenges into high-value business opportunities. More information is available at www.food.dupont.com.

DuPont (NYSE: DD) has been bringing world-class science and engineering to the global marketplace in the form of innovative products, materials, and services since 1802. The company believes that by collaborating with customers, governments, NGOs, and thought leaders we can help find solutions to such global challenges as providing enough healthy food for people everywhere, decreasing dependence on fossil fuels, and protecting life and the environment. For additional information about DuPont and its commitment to inclusive innovation, please visit http://www.dupont.com.

Praxis Media Announces Winners of its National Business Leadership & Service Excellence Awards, 2017 in New Delhi

On Saturday, July 29, 2017 the National Business Leadership & Service Excellence Awards, 2017 were held at Hotel Crowne Plaza Today, New Delhi amidst the elites of the business and service sector. The National Business and Service Excellence Awards are organized, every year, by India’s leading media and marketing group, Praxis Media to celebrate and recognize those Achievers, Innovators and Leaders of the Business and Service sector that are maximizing their potential and have mastered the art of delivering quality products, excellent services and trustworthy brands and business names.

This year, the National Business Leadership & Service Excellence Awards, 2017 were presented to more than 50 winners at 5 different levels. The exacting and daunting feat of zeroing-in on the winners was achieved by Praxis Media, with the support from its associates and partners, after an elaborate and meticulous selection process which included inviting nominations from potential nominees, substantial research & surveys, collation of feedback & opinions, screening based on pre-determined judging parameters and subsequently choosing the winners through an independent jury panel. The significant parameters which were considered for selecting the winners included Market Presence & Competition, Growth & Profitability, Quality & Operational Excellence, Financial & Business Acumen, Innovation & Novelty in Services, Ingenuity and Imagination, Sustainability & Environmental Awareness, Job & Impact Potential, Client/Customer & Industry Feedback, Use of Technology & Trends, Efforts for Risk & Setback Mitigation, Previous Awards & Achievements etc.

The event was graced by an elite panel of guests and dignitaries that included names like Shri Anil K. Shastri – Senior Politician & Former Finance Minister, Government of India, Shri Sandeep Patil – Former Cricketer & Chief Selector, Indian Cricket Team, Dr. Sonal Mansingh – Padma Visbhushan Winner & Cultural Icon of India, Dr. Jai Madaan – Celebrated Astrologer & Numerologist.

National Business Leadership & Service Excellence Awards, 2017, an initiative of Praxis Media, in association with Business Synergy – India’s leading online business & service resource and Global Brands Network – Confederation of most valuable brands worldwide was instituted in 2015 to recognize and felicitate the achievements and the work done by individuals and organizations in maintaining excellent quality in their business and services with commendable commitment, exemplary approach and innovative vision which is an inspiration in itself.

The initiative was well supported by Business Synergy – Brand Partner, SkillOutlook – Knowledge Partner, India Entrepreneurs Club – E- Platform Partner, Global Brands Network – Network Partner, The SME Times, Business Sandesh, LifestylePost.Online and Navyug Sandesh as its Associate Partners who echoed the same objective of ‘Business & Service Excellence’.

A comprehensive list of winners of the National Business Leadership & Service Excellence Awards, 2017:

Design Plus – Best Architectural Firm in Assam, Dr. Bharat Saboo – Best Consultant Diabetologist in IndoreGS Studio Design Consultants – Best Architectural Firm in HyderabadDr. Harish Kumar Agarwal – Best Consultant Psychiatrist in Uttar PradeshMakoons Pre School – Best Pre-School Chain in North India, The Dental Station – Best Multi-Speciality Dental Clinic in Noida, Sanskar Dream School – Best Junior School in Aurangabad, Dt. Manjula Singla – Best Dietician and Nutrition Consultant in UttarakhandPERFECT SMILE Verma’s Dental Implant & LASER Centre – Best Multi-Speciality Dental Clinic in HaryanaLemon Archi Visuals® – Best Consultant Interior Space Planner in Madhya Pradesh, Trinity Studio Private Limited – Best Architectural 3D Visualization Company in IndiaNRDS Management Private Limited – Best Vocational Training Institute in Assam, Dr. Mansi Arya – Best Homeopathic Consultant in New DelhiMr. Ravi S. Sopariwala – Best Design Consultant in SuratClassy Grafts – Best Hair Transplant Centre in Bengaluru, Rebanta Academy of Design – Best Design Institute in Madhya PradeshMeadows Wellness – Best Beauty and Wellness Centre in NoidaHappybees Pre School – Best Pre-School in GujaratSreedhar’s CCE – Best Competitive Exams Institute in Andhra PradeshDr. Monga Ayurvedic Medi Clinic – Best Ayurveda Treatment Clinic in New DelhiADeCon – Best Architect and Design Consultant in New Delhi, NatureHealz Private Limited – Best Naturopathy Health and Wellness Centre of the YearDr. Tushar Vinod Deoras – Best Career Counsellor in IndiaSeeds of Innocence IVF & Surrogacy Hospital – Best IVF Centre in IndiaInterior Options – Best Interior Decorator in North IndiaMithi Interiors Private Limited – Best Turnkey Interior Design Firm in IndiaRanjana Physiotherapy Clinic & Ladies Fitness Centre – Best Physiotherapy Clinic in BhopalIndraprastha Apollo Hospitals, New Delhi – Service Excellence Award for Outstanding Contribution in HealthcareRajiv Gandhi Cancer Institute and Research Centre – Best Cancer Care Hospital in India, Fortis Hospital, Noida – Best Super-Specialty Hospital in North India, Merryland International Play School – Best Upcoming Innovative International Play School in OdishaShantiratn Foundation De-Addiction & Rehabilitation Center – Best De-Addiction Centre in Delhi & NCR.

The Founder-Director of the media group, Mrs. Swagatika Patel Singh was also present at the function and said that each winner has exemplified excellence and typified the very best of teaching practices and educational innovations. These winners are enhancing young lives on a daily basis by giving them proper guidance, immaculate skills, inviolable courage and unlimited curiosity. We understand that true education can make a real difference and that is exactly what all the winners here can take pride of. These recognitions will further strengthen their ability to steer their objective through turbulent times, apply the best of the professional modules to manage and keep their missions afloat.

About Praxis Media Private Limited:

Praxis Media Private Limited is a premier insight driven media and marketing services company that is widely recognized for pioneering and innovative work for its clients and is a one-stop solution for affordable and turn-key marketing and business services for domestic, multinational, government, non-government, corporate, established and new start-up businesses and services. The company works with its brands and associates to help in boosting its client’s businesses and services and taking it to its zenith through bespoke brand management and strategy, ratings and accreditations, business advisory, market research, marketing solutions, strategic public relations, media management, reputation management and design and communication solutions

Website: www.praxis-media.com

Getting the Plot Right – Move to the Best Plotted Development in Bangalore, Hebron Properties

A new Bangalore, Le Lexuz Stoneview takes shape within the beautiful city of Bangalore. Le Lexuz Stoneview – a beautifully designed 20 acre gated community of Villas & Villa Plots. It is ideally located midway between Hebbal and the Bangalore International Airport. This pristine urban paradise is set against the backdrop of the scenic “Nandi Hills” in the distance.

A luxury villa project, housing 202 (30 Villas with 172 villa plots) spread over 20 acres of lush landscape creating a “heaven on earth” feeling, set amidst the backdrops of the elegant and historic “Nandi Hills”. Le Lexuz Stoneview charms you with its tranquil and serene surroundings and tucks you away from the hustle and bustle of the daily grind once you are home.

With tree lined pathways paved with cobble stones, wide and narrow streets that lead you to a huge club house, entertainment center is sure to keep your weekends and leisure hours cheerful and relaxed. These adaptations make this 20 Acres gated community the best plotted development of Bangalore.

Le Lexuz Stoneview by Hebron Properties, Bangalore’s most admired villa developer is all poised to redefine North Bangalore. Complemented by its fast developing neighbourhood and its connectivity to life essential such as Hospital, School, Colleges and Entertainment Hubs. North Bangalore could very well be compared to its upscale counterparts in other parts of the country.

Located way before the Kempegowda International Airport and the upcoming 300 Acres Tech Park, this project is a Bangalore International Airport Area Planning Authority approved (BIAAPA) “A” Khata project and comes with a commitment of being maintained for 5 years by the developers. With plots ranging in sizes from 1575 sq.ft. to 5400 sq.ft. Meeting every client need. Le Lexuz Stoneview simply offers the flexibility in choice.

Owning a home at a Le Lexuz Stoneview carries with it advantages in terms of the space, greenery, ambiance and style quotient. Apart from this the highlight is the proximity to the life’s most important needs like office space with the Upcoming 300 Acres Tech Park, top end Schools like Aditi Mallya, Vidya Shilp, Stonehill International School and Canadian International, Restaurants and Hotels like The Marriot Hotels & Resorts, Hospital like Columbia Asia and a number of shopping malls and off course the International Airport. With all these just within 15 minutes of drive time, life at the Le Lexuz is a blessing in classy dressing.

Rush to book now; Ready for Registration and be a part of best villa plotted development. 

FreakOut Group Launches New Subsidiary in India as South Asia’s First Base for Developing Native Advertising Platform for Smartphone

FreakOut Holdings, inc. (Head office: Minato-ku, Tokyo, Global CEO:  Yuzuru Honda, President: Yusuke Sato), Japanese adtech leader, today announced the opening of a new subsidiary, “FreakOut Technology Private Limited” (Headquarters: Haryana State Gurgaon, Managing Director, CEO: Ryo Matsuo, hereinafter referred to as FreakOut India) as the first base in South Asia, and starting native ad platform business in India.

The FreakOut group has promoted global development centered on the native advertising platform business with FreakOut Pte. Ltd. (Head office: Singapore, Representative: Tomohiro Yasukura) as headquarters for overseas business. Since 2015, the first native advertising platform in Southeast Asia has been released, we expanded our partners mainly around premium media in each country, and now we have grown into a native advertising platform that more than 700 overseas advertisers use.

India with a population of 1.34 billion is the world’s second largest population and it is expected to surpass China by 2022, which is currently No.1 in the world. In addition, India’s GDP (Gross Domestic Product) in 2016 stood at the 7th place globally, maintaining an extremely high economic growth rate of about 7% over the previous year.

Indian smartphone users who are the second largest in the world, China being No.1, exceeded 300 million users for the first time in 2016. Shipments of smartphones rose 18% over the previous year, far exceeding the world average of 3% (*1). On the other hand, smartphone penetration rate is still low compared with other countries including China and the US. Smartphone manufacturers from around the world are focusing on the Indian market because of immense potential of further market expansion expected in the future.

In addition, with the spread of Internet communication and smartphones, the digital advertising revenue is steadily increasing. In 2016, the advertisement volume of digital advertisements as a whole increased by 28% compared to the previous year, especially mobile advertising which saw a 100% increase. By 2020 compared to 2016 the digital advertising as a whole is expected to grow by 2.5 times with mobile advertising growing by about 5 times. (*2) For this reason, FreakOut India will provide native advertising platform solution to the Indian advertising market, which continues to grow remarkably, centering on smartphones, and will strive to maximize advertisement effectiveness and media revenue.

Yuzuru Honda, Global CEO of FreakOut Holdings, inc. says, “Within the Asian region, we have bases in 8 countries, and today we launch new Indian office, firstly in Gurgaon. Unlike other Asian countries, in India, our business strategy is investment and M&A of the Indian domestic technology venture in parallel with our own product sales. We have invested in Indian ad-tech companies and marketing-tech startups, since before opening the office in India. Now we have an office in India, we are ready to settle down for sourcing strategy, make a move to M&A, and establish a presence in India.”

[Supplemental explanation]

1. Source:
http://www.counterpointresearch.com/press_release/indiahandset2016q4analysis/

2. Source:
https://www.emarketer.com/Article/Digital-Ad-Spending-India-Surpass-1-Billion-Next-Year/1013800

Max Ventures and Industries Ltd. Q1 FY18 Standalone PAT at Rs 60 Cr.; New Businesses Progress Well

Max Ventures and Industries Ltd (MaxVIL) today announced its Standalone Financial Results for the first quarter ended June 30, 2017. In Q1 FY 2018, MaxVIL has reported a Net Profit After Tax of Rs. 60 Crores on a Standalone Basis, aided by a gain on stake sale of its subsidiary Max Speciality Films (MSF).

The Board of Directors of MaxVIL also noted the status of key business initiatives and achievements in the previous 12 months since the listing of equity shares of MaxVIL. The shares were listed at BSE and NSE on Jun 22, 2016.

Max Ventures and Industries Limited (MaxVIL) is the newest listed entity in the Max Group. It was formed after the erstwhile Max India was demerged into Max Financial Services Limited, Max India Limited and Max Ventures and Industries Limited. MaxVIL has four distinct business verticals Max Speciality Films (Manufacturing), Max Estates (Real Estate), Max Learning (Education) and Max I. (providing intellectual and financial support to high-potential start-ups/ early growth stage companies).

Max Speciality Films Limited (a material subsidiary of MaxVIL)

  • Toppan Printing Co. Ltd, Japan (Toppan) has become a joint venture partner in Max Speciality Films Limited (MSFL) by acquiring a 49% stake in the company on a fully diluted basis through a mix of secondary sale by MaxVIL and primary share issuance by MSF. MaxVIL has transferred 35.84% equity of MSFL for INR 145.41 crore to Toppan. In addition, MSFL has issued and allotted 13.16% equity share to Toppan for INR 53.36 crores.
  • MSFL is undergoing a capacity expansion by setting up an additional Line for manufacture of BOPP films (Line 5), with a capital investment of Rs. 250 crores. This line will increase production capacity from 45,000 tonnnes per annum to 75,000 tonnes per annum. Line 5 is expected to commence commercial production in first quarter of FY 2019.

Max Estates Limited (MEL)

  • Villa Development Project (Dehradun, Uttarakhand): MEL’s inaugural project on Rajpur Road at Dehradun (Uttarakhand) comprises luxury, bespoke villas. MEL has pre-sold 20% of inventory prior to formal launch of the project. The project is likely to completed and delivered to its customers during second quarter of FY 2018-19.
  • Commercial Tower at NCR: A commercial tower project, called Max Towers, with a total developable area of 6,00,000 sqft. on a land parcel of 3,352 sqmt. has been acquired by MEL through a SPV. Some floorplate of Max Towers has been purchased by various Max Group entities. The project is strategically located on Delhi-Noida-Delhi expressway (DND), near South Delhi, and is part of a larger project – Delhi 1. Upon completion, Max Towers is envisioned to become the most admired office development in Delhi – NCR.
  • Office Space redevelopment – Okhla, New Delhi: MEL, subject to necessary approvals, has an opportunity to redevelop an industrial plot with 1,40,000 sq. ft. of developable area at Okhla Phase 3 (South Delhi) under an asset light model of development. The project is likely to commence during next quarter of FY 2018 and will be completed in 36 months.

Max I. Limited

  • Investment in Azure Hospitality Pvt. Ltd. (Azure): MaxVIL made investment in Azure, which owns and operates Mamagoto, a mid-scale casual dining restaurant chain and Speedy Chow/Roll Maal, a quick service restaurant (QSR) format for Indian & Chinese street food and an Institutional Catering Service. Azure Hospitality has also acquired the ‘Dhaba’ brand which is a fine dining north Indian cusine restaurant. MaxVIL has recently invested an additional Rs. 37 crore as a part of the second round of fund raising by Azure for its expansion in domestic and international markets.
  • Investment in FSN E-Commerce Ventures Private Limited (FSN): MaxVIL acquired approx. 2% equity stake, at fully diluted basis in FSN. The company is engaged in selling cosmetic products and personal and homecare accessories in India through an e-commerce and offline retail platform called ‘Nykaa’.

About Max Ventures and Industries Limited

Max Ventures and Industries, is the holding company of Max Speciality Films, an innovation leader in the Speciality Packaging Films business. In addition to manufacturing, the Company also serves as the Group’s entrepreneurial arm to explore the ‘wider world of business’, especially taking cues from the economic and commercial reforms agenda of the present Government, including ‘Make in India’, ‘Skill India’, ‘Digital India’, among others. With this vision, MaxVIL has incorporated three new subsidiaries, which are Max Estates, the real estate arm of the Max Group with the vision to bring the Group’s values of Sevabhav, Excellence and Credibility to the Indian real estate sector, Max I. Limited, a fully owned special purpose vehicle, will facilitate Intellectual & Financial Capital to promising and proven early-stage organizations across identified sunrise sectors and Max Learning Limited, which is focused on the education sector.

MaxVIL is listed on both the Bombay Stock Exchange as well as the National Stock Exchange. As on date, MaxVIL has 7,24,33,552 outstanding shares at a face value of Rs 10 per share. The current promoter shareholding in MaxVIL is 38.21%.

About Max Group 

The Max Group is a leading Indian multi-business conglomerate with a commanding presence in the Life Insurance, Health & Allied businesses and packaging sectors. In FY2017, the Group recorded consolidated revenues of Rs. 16,798 Cr. It has a total customer base of 9 million, nearly 240 offices spread across India and people strength of 22,500 as on 31st March 2017. The Group’s investor base includes marquee global financial institutions such as Goldman Sachs, KKR, IFC Washington, Fidelity, Vanguard, Ward Ferry, New York Life, Wasatch and Invesco. 

The Max Group comprises three holding companies, namely Max Financial Services, Max India and Max Ventures & Industries

For further information, please visit:

Max Groupwww.maxgroup.net
MFSwww.maxfinancialservices.com
Facebookhttps://www.facebook.com/themaxgroup
Twitterhttps://twitter.com/maxgroup

Grameen Koota Appoints M.N. Gopinath as New Chairman

At the meeting of the Board of Directors of Grameen Koota Financial Services Pvt. Ltd. on July 25, 2017, Mr. M.N. Gopinath was elected as the Chairman of the company. The election of a new chairman was necessitated by Mrs. Vinatha Reddy the Founder Chairperson remitting office after a long stint of 18 years chairing the Board to pursue her new social ventures i.e., Yunus Social Fund, Bangalore and Grameen Affordable Shelters Pvt. Ltd.

Mr. Gopinath is a career banker and has served Bank of India and ICICI Bank for over 35 years. After retirement from ICCI Bank, he served on the Boards of Bank of India for 6 years and Punjab National Bank for 3 years. He has been the Chairman of ICICI Prudential Trust Ltd. (Mutual Fund) since 2009 and a Director of ICICI Prudential Pension Fund Management Co. Ltd. since 2011. He has also served as a Nominee Director of ICICI Bank Limited on the boards of ICICI Home Finance Ltd, ICICI Web Trade Ltd., Loyalty Solutions and Research Ltd. and Stock Holding Corporation Ltd.  He has been a member of the SEBI Advisory Council since 2012.

“Being elected the Chairman of such a professional Board is an honour ” Mr. Gopinath said in his acceptance remarks. “We have a remarkable legacy of a business rooted in compassion for the poor, to protect and carry forward,” he said.

The Board also appointed Mr. Massimo Vita as Director.

Mr. Massimo Vita is the Head of the Operations Support Team & Chief Risk Officer at CreditAccess Asia. He is Chairman of the Board for CAA’s two subsidiary companies in Indonesia and the Philippines and a Board Member of the subsidiary in Vietnam. Mr. Vita is also Chair of the Steering Committee for the Risk Management Initiative in Microfinance (RIM). He has over a decade’s experience in the MFI sector specializing in corporate governance and risk management, establishing Technical Assistance Facilities (TAF), rating & evaluation of microfinance institutions (MFIs), rural and urban microfinance.

Mr. Vita has a Master’s degree in Development, Innovation and Change from the University of Bologna. His work in several institutions in Latin America, South America, Asia and Africa has given him a thorough understanding of the MFI sector.

“We are pleased to welcome Mr. Gopinath as our new Chairman and Mr. Massimo Vita as Director,” said Udaya Kumar, Managing Director and CEO of Grameen Koota. “These appointments have strengthened the Board and we are confident of growing and expanding in the right direction.”

In his congratulatory message, Paolo Brichetti, CEO, Credit Access Asia (CAA), said “I congratulate Mr.Gopinath and Mr. Vita on their appointment to the Board of Grameen Koota. I wish them well in their new roles which give them the opportunity to shape new possibilities.” The CAA Group provides financial services to social businesses in India, Indonesia and the Philippines. It is a majority shareholder and investor in Grameen Koota.

About Grameen Koota

Grameen Koota Financial Services Pvt. Ltd. (Grameen Koota) is an NBFC-MFI registered by the Reserve Bank of India. Grameen Koota serves over 17 lakh clients in 96 districts in the five states of Chhattisgarh, Madhya Pradesh, Maharashtra, Tamil Nadu and Karnataka through a network of 393 branches. Grameen Koota’s financial and non-financial services are designed for poor and low-income households, particularly women in rural India. Its financial products include microcredit for its customers’ life-cycle needs, while its non-financial services include affordable healthcare, water & sanitation awareness programs, customer education and financial literacy

Wipro Launches Silicon Valley Innovation Center in Mountain View

Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading global information technology, consulting, and business process services company, today announced the launch of a multi-million dollar Silicon Valley Innovation Center in Mountain View, California. This state-of-the-art R&D and incubation hub is designed to develop and showcase next-generation technologies and solutions for enterprises.

Wipro has been making investments in emerging technologies so as to enable clients to become future-ready in this era of digital transformation. Wipro’s Silicon Valley Innovation Center will serve as a showcase for the ‘Art of The Possible’ and demonstrate cutting-edge enterprise applications based on disruptive technologies such as Artificial Intelligence, Virtual Reality, Hyper Spectral Imaging, Machine Vision and Collaborative Robotics & Automation, to solve real-world business challenges faced by enterprises. The center will also serve as a value creator for technology start-ups, small and medium enterprises and entrepreneurs, enabling them to showcase and integrate their technology capabilities with that of Wipro and participate in the larger innovation ecosystem.

The center has also incubated a ‘Digital Pod’ and features a ‘Rapid Proto Lab’. The pod is purpose-built for Wipro’s digital strategy, design and engineering teams to work in a collaborative and adaptive workspace, along with clients. Wipro has 14 digital and design pods across the globe, including London, New York, Copenhagen, Oslo, Stockholm, Madrid, Munich, Sydney, Tel Aviv, Bangalore and Tokyo. Clients will also have access to immersive experiences and the ability to experiment with futuristic technologies in the ‘Rapid Proto Lab’.

Wipro’s Silicon Valley Innovation Center expects to finalize technology research partnerships with leading universities in the United States during the course of the current financial year. The center will also support the company’s collaboration with technology start-ups in the Bay Area through Wipro Ventures, the strategic investment arm of Wipro Limited. Wipro Ventures is a USD 100 million fund that focuses on investing in early- to mid-stage startups and leverages Wipro’s global reach and market knowledge to accelerate the growth of its portfolio companies.

Abidali Z. Neemuchwala, Chief Executive Officer & Executive Director, Wipro Limited said, “Our new center imbued with the culture, spirit and creative energy of Silicon Valley, the cradle of technological innovation, will design and deliver path-breaking solutions for our clients. Wipro is committed to working more closely with start-ups, academia and leading technology companies in the Bay area to help our clients achieve their desired digital transformation outcomes.”

During the past decade, Wipro has invested over USD 2 billion in the United States. Wipro has over 40 facilities across 23 states in the U.S. The company has been focused on creating jobs in the U.S. underscoring its strategy to build a deep reservoir of local talent based out of centers close to its clients.

During the first six months of this calendar year, Wipro hired over 1,600 employees and today employs over 14,000 in the U.S., a majority of whom are U.S. locals. Wipro will continue to recruit from top universities and also hire experienced professionals to build on the momentum of hiring locally in the United States.

About Wipro Limited

Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO) is a leading global information technology, consulting and business process services company. We harness the power of cognitive computing, hyper-automation, robotics, cloud, analytics and emerging technologies to help our clients adapt to the digital world and make them successful. A company recognized globally for its comprehensive portfolio of services, strong commitment to sustainability and good corporate citizenship, we have over 160,000 dedicated employees serving clients across six continents. Together, we discover ideas and connect the dots to build a better and a bold new future.

Forward-looking and Cautionary Statements

Certain statements in this release concerning our future growth prospects are forward-looking statements, which involve a number of risks, and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding fluctuations in our earnings, revenue and profits, our ability to generate and manage growth, intense competition in IT services, our ability to maintain our cost advantage, wage increases in India, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, restrictions on immigration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks, our ability to successfully complete and integrate potential acquisitions, liability for damages on our service contracts, the success of the companies in which we make strategic investments, withdrawal of fiscal governmental incentives, political instability, war, legal restrictions on raising capital or acquiring companies outside India, unauthorized use of our intellectual property, and general economic conditions affecting our business and industry. Additional risks that could affect our future operating results are more fully described in our filings with the United States Securities and Exchange Commission. These filings are available at www.sec.gov. We may, from time to time, make additional written and oral forward-looking statements, including statements contained in the company’s filings with the Securities and Exchange Commission and our reports to shareholders. We do not undertake to update any forward-looking statement that may be made from time to time by us or on our behalf.

WNS Named a ‘Star Performer’ in Everest Group PEAK Matrix™ for Analytics BPS

WNS (Holdings) Limited (NYSE: WNS), a leading provider of global Business Process Management (BPM) services, today announced that it has been named a ‘Star Performer’ in the 2017 Everest Group PEAK Matrix™ Assessment Report for Analytics Business Process Services (BPS).

“We are delighted to be recognized as a ‘Star Performer’ in the Analytics Business Process Services (BPS) space,” said Keshav R. Murugesh, WNS’ CEO. “WNS has taken big strides towards market leadership in its analytics practice through strategic partnerships, analytics-focused acquisitions, targeted hiring and training programs, and the creation of WNS-proprietary tools, technologies and solutions.”

Of the 18 analytics BPS providers covered in the market report, WNS is one of the three providers that have been rated as ‘Star Performer.’ A ‘Star Performer’ has been defined as a BPS player that has shown significant year-on-year advancement in key attributes such as scale, scope, technology and innovation, delivery footprint, and buyer satisfaction.

“WNS has been successful in expanding its analytics business by adding new logos, which is a proof of its capabilities and expertise in the analytics domain, where out-of-the-box thinking and solutions by service providers are becoming the norm rather than the exception,” said Anupam Jain, Practice Director, Everest Group. “Its investments in building internal capabilities in advanced analytics, developing partnerships with academia, and establishing a breadth of services across multiple industries has enabled WNS to become a Star Performer, and stay competitive in the evolving analytics market.”

Today, WNS’ analytics practice has more than 2,200 professionals serving over 50 global brands. WNS provides a broad spectrum of analytics products and services across areas such as big databusiness intelligence and reporting, machine learning, research, marketingsocial media, risk, fraud, claims, and customer relationship management.

WNS is able to generate actionable insights and an improved end-customer experience with proprietary, technology-driven analytics solutions. The WNS Analytics practice includes an R&D center focused on innovation and emerging technologies, and strategic training programs such as our MBA program in analytics in association with NIIT University.

About WNS

WNS (Holdings) Limited (NYSE: WNS), is a leading global business process management company. WNS offers business value to 300+ global clients by combining operational excellence with deep domain expertise in key industry verticals including Travel, Insurance, Banking and Financial Services, Manufacturing, Retail and Consumer Packaged Goods, Shipping and Logistics, Healthcare and Utilities. WNS delivers an entire spectrum of business process management services such as finance and accounting, customer interaction services, technology solutions, research and analytics and industry specific back office and front office processes. As of June 30, 2017, WNS had 34,789 professionals across 52 delivery centers worldwide including China, Costa Rica, India, Philippines, Poland, Romania, South Africa, Sri Lanka, Turkey, United Kingdom and the United States. For more information, visit www.wns.com.

Safe Harbor Provision

This document includes information which may constitute forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, the accuracy of which are necessarily subject to risks, uncertainties, and assumptions as to future events. Factors that could cause actual results to differ materially from those expressed or implied are discussed in our most recent Form 20-F and other filings with the Securities and Exchange Commission. WNS undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.