5 YEARS AGO Jindal Poly Films


In financial terms, JPFL has reported good numbers over the past five years. Its net sales logged a cagr of 18 per cent from ?831 crore (2006) to ?1,591 crore (2010). Net profit recorded a CAGR of 46 per cent to ?208 crore. The company has also entered the power sector, jindal India Thermal Power is cur­rently developing a 1,800 MW (3×600) thermal power project in Orissa.

EEd For the year 2014-15 the consolidated revenue of Jindal Poly Films was f.7,287 crore and net profit was ?172 crore. In accordance with its plans to enter the power field, its first unit (600 MW) of the thermal power project in Odisha was synchronised in March last and the unit has started generation. In January this year another 600 MW unit went on stream.

Figo Aspire will be available in both petrol and diesel engine options. “The year 2015 is a period of next stage of growth for Ford in India. We plan to launch three new products in next six months starting with the Figo Aspire today,” Nigel Harris, president & managing director Ford India, said at the launch. He said the Figo Aspire has been developed keeping the requirements of Indian customers in mind such as good design, high fuel efficiency and value for money, while meet­ing Ford’s global standards. “Ford Figo Aspire breaks all ste- reotypesfand proves that a compact sedan can also have the best of everything – be it stunning design, smart technology, advanced safety and impressive fuel efficiency,” said Harris. “Drawing on our global product development capabilities, we’re proud to have created a car that truly raises the bar in the segment and gives consumers a chance to own what they truly deserve.” With its pricing, Figo Aspire is expected to trigger a price war against Maruti Suzuki’s Dzire, Hyundai’s Xcent, Honda’s Amaze and Tata Motors’ Zest which are priced ?5.03-8.21 lakh.                             ♦Last fortnight, Ford India launched Figo Aspire in the fast growing compact sedan segment. Priced ?4.90-8.24 lakh,

Establishing best ethical business standards among the next generation of devel­opers will be the focus of Aditya Javdekar, the new national convener of the CRE- DAI Youth Wing. “This will ensure high quality, timely delivery and customer delight,” says Javdekar, chief execu­tive officer of the Pune-based Vilas Javdekar Develop­ers. “We will also contribute in the clean city movement, skill development of labourers from the construction indus­try and put greater emphasis on knowledge and learning for its members through Crest (CREDAI Study & Training),” he adds. The organisation was established in 2012 as the youth wing of the national real estate developers’ association, CREDAI (Confederation of Real Estate Developers Association


of India), to nurture young talent in the segment, which has over 2,000 second-gener­ation developers as members from about 70 cities around the country. Javdekar was offi­cially installed in his new post during CREDAI’s national con­vention in Istanbul last fort­night, where he presented his vision document for his two- year tenure.            ♦

Patients of Type II diabe­tes, tired of lifelong treat­ment with conventional pills and insulin, now have the Human Embryonic Stem Cell (hESC) therapy to look forward to. Produced by the Delhi-based Nutech Medi- world, this method grows insulin-producing cells in the body without the need for a donor match. Once trans­planted into the body, the stem cells mature into insu­lin-producing cells in about three months. “Patients of Type II diabetes lose some of their insulin-producing cells, or their cells become resis­tant to insulin. Although insulin is present in their body, their cells can no lon­ger use it to keep blood sugar levels in check. Stem cells have the ability to repair and regenerate the damaged


insulin-producing cells,” explained Geeta Shroff, founder & medical director, Nutech Mediworld Hospi­tal. Type II diabetes – which accounts for 90 per cent of all diabetes cases – is a silent killer and much harder to treat than Type I. It occurs mostly in adults, as a result of excess weight or hormonal imbalance.


The offer, valid in four of Guardian’s projects in the city, was for only a limited 10-day period. All one had to do was to visit the book­ing venue and enrol them­selves by paying ?1 lakh, then select their flats and confirm the booking by paying the rest of the book­ing amount of 20 per cent of the cost. The buyer will save ?16-60 lakh over the 15 years of a normal bank loan, Sabade adds.  ♦
company chairman Man ish Sabade. With this ini­tiative, we tried to provide an appropriate solution to such customers to overcome these problems.” Stress­ing that this was a first in the real estate industry, he insists that it was “no mar­keting gimmick, no inflated prices, but a pure benefit to the customer, where he or she pays only the cost of the flat in instalments spread over seven years”.
With factors like long payback periods for home loan, interest and heavy EMls (equatedmonthly instalments) deterring peo­ple from buying homes, the Pune-based Guardian Promoters & Developers introduced a ‘100-per-cent interest-free’ concept last fortnight to attract more buyers. “We have observed that many people are being kept away from realising their dream homes,” says

stefano Ricci, a luxury menswear brand will open its second store in India, in Delhi next year. Stefano Ricci was founded by designer Ste­fano Ricci in Italy in 1972. There are 45 Stefano Ricci stores globally. Its India ven­ture is a 50-50 partnership between Ricci and Jackie Manglani. It opened its first store in Taj Mahal Hotel in Mumbai in February this year. It has invested €10 mil­lion in India so far and the investment in Delhi, accord­ing to Manglani, will exceed €10 million. It is scout­

ming for a location, at pres­ent. “We expect to become profitable in three years,” says Manglani, who is pres­ident, India, Stefano Ricci. “We want to stay true to the Italian tradition. Collections are designed for interna­tional clientele.” Every Ste­fano Ricci store globally sells the same products. Manglani claims Stefano Ricci clothes are handmade in Italy. This store has more ties and shirts than any other Ste­fano Ricci store globally and it sells more shirts than suits because of Mumbai weather. ♦

the Hyderabad-headquar­tered Cigniti Technol­ogies has become the world’s first independent software testing services company to be rated at CMMI-SVC vl.3, Maturity Level 5. “This is a milestone which will further strengthen our ability to offer best-in-class testing services for Global 2000 companies,” says executive director Sri- kanth Chakkilam. “The appraisal is in line with our strategy to provide cutting- edge and superior software testing services with maxi­mum efficiency.” An indica­tion that Cigniti is performing at an ‘optimising’ level – con­tinually improving its pro­cesses based on a quantitative understanding of business objectives and performance needs – the rating demon­strates that Cigniti’s teams implement proven processes for enhancing client satis­faction. Cigniti, with 1,800- plus experts spread across the US, the UK, India, Austra­lia and Canada, offers testing now, compared to 1 per cent five years ago. “OEMs have realised the additional value of navigation systems,” says Peter Bolesza, vice-presi­dent, emerging markets, NNG. Top car manufacturers pre­fer to have their own naviga­tion systems. And some car owners prefer to use naviga­tion apps such as Here Drive, Google Maps and others. “Integrated navigation sys­tems are better than stand­alone navigation apps.” NNG gets revenue from the naviga­tion system licence it sells to the OEMs. Its navigation sys­tem is installed in 25 million cars of 31 global car brands. NNG is also working with companies doing R&D on self­driving cars. It will take 20 years more until self-driving vehicles become commonly used mode of transportation. The biggest problem, Bolesza says, with self-driven vehi­cles is that, who will be held responsible if a self-driven vehicle runs someone over. ♦NG, the integrated navi­gation systems provider for automotive sector, expects demand for integrated navi­gation system to rise in India. Though it makes only soft­ware for the navigation and infotainment system, it has also been working with sys­tem integration partners, such as Blaupunkt, Pioneer, Clarion and Panasonic to pro­vide an integrated solution which OEMs want. As much as 33 per cent of the cars have navigation systems in India

services in quality engineer­ing, advisory and transforma­tion, next-generation testing and core testing. With over a decade of experience in serv­ing several Fortune 500 enter­prises, it also boasts India’s first robotics test lab, a mobile cloud test lab with HP and Experitest, a cloud-enabled per­formance test lab, and an IoT (Internet of Things) and smart meter lab. The company’s CSR initiative, Project Cignifi- cance, aims to impact more than a million lives through education as an enabler. ♦

Adama Agricultural Solutions’ efforts to deliver farmer-centric crop protection solutions to the Indian farmer has further strengthened with the set­ting up of its new formula­tion lab of global standards in Hyderabad, says Ilan Levanon, president & CEO, Adama India. “This is an important and a stra­tegic investment for us,” says Levanon, who inaugu­rated the lab last fortnight. “We will now be able to cater to local market needs quicker than before.” The company, a subsidiary of the Israel-headquartered $3 billion world leader in crop-protection solutions, already has three wings – synthetic labs, analytical labs and a scale-up labora­tory. The new lab, Adama’s fourth, completes the end- to-end research and devel­opment cycle in India and will support both the global market needs and domestic needs. It will also accelerate the process time of formula­tion as well as introduction of newer crop protection solutions for farmers. It is equipped with the latest technological instruments which will support both liquid and solid formula­tions, and give the most accurate results. Formula­tion is a critical step in the R&D process, where the sta­bility and bio-efficacy of the product is enhanced to provide a superior solu­tion for the farmer. ♦

a producer, distributor and manufacturer of natural, healthy food and beverages, announced the launch of its flagship brand Coco Joy in India last fortnight. FAL will be introducing juices, vita­min water, and nutrition bars in India over the next few months. FAL Food and Bever­ages is a part of FAL Holdings Saudi Arabia, an international conglomerate of 75 compa­nies, spanning 17 countries. Speaking on the occasion Tim Xenos, global CEO, FAL Food Beverages, said, “Since our inception, we have effectively made alternative healthy food and beverage choices easier for the consumer, creating not just new categories, but also a new consumer mind­set.” Coco Joy focuses on nat­ural and healthier coconut water. The product’s global ambassador, Vivian Rich­ards, said, “All Coco Joy prod­ucts are not only delicious but packed with the goodness of fresh coconuts.”  ♦
lavor And Life (FAL) Food and Beverages,

Mobile phone maker Motorola sees India as a crucial market and plans to expand its operations in the country to take its smart­phone business beyond the current 6 per cent. Also the company will start selling phones through brick-and- mortar stores, expanding beyond its tie-up with Flip- kart, as parent Lenovo starts local assembly of devices through contract manufac­turer Flextronics’ facility near Chennai. “We want to expand in India and rapidly. Local manufacturing makes sense as there are big volumes here,” said Xudong Chen, president, Lenovo’s Mobile Business group and chair­man of Motorola Mobil­ity. * We will go offline (in brick-and-mortar stores) with
As bring your own device (BYOD) gathers momen­tum in corporate circles, IT departments of enterprises find it difficult to keep track and support them. This is where US-based AirWatch makes a big impact. A leading player in enterprise solutions for mobile device manage­ment, mobile application management and mobile content management, Air- Watch has more than 10,000 customers globally and over 1,600 employees across nine global offices, including over 150 customers and about 300 employees in India. After its acquisition by virtualisation and cloud infrastructure firm VMware last year, it became a

part of the end-user comput­ing business unit of VMware but has largely operated as an independent entity. Over 150 companies in India, including Oyo Rooms, Meru

Motorola’s smartphones. The decision has been taken and has been discussed with Flip- kart,” Chen added. Speaking about the tie-up with Flex­tronics, he said the unit at


Cab and Zomato are using its platform to manage their mobile devices. “If you look at early adopters in India, it has been sales force auto­mation; be it pharmaceuti­cals, insurance, banking or SMBs, they all are looking to automate their key parts of business such as sales force, human resources to improve productivity and security and we play critical role in enabling this,” Jeff Baum, MD, Asia Pacific, AirWatch, said. “In the last one year, we have seen encouraging trac­tion from BFSI, retail, man­ufacturing, aviation, and pharmaceutical sectors for our enterprise mobility solu­tions,” he added.       ♦

Sriperumbudur has already started rolling out two vari­ants of the Moto E smart­phone, while planning another 4G device – Lenovo K3 note. ♦

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