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) withAs 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. ♦