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BWI News on October 27, 2010

Meet the New Myspace
Today Myspace announced a new brand, website and a suite of products that together redefine the company as a social entertainment destination for Gen Y. Myspace is creating a rich, highly personalized experience for people to discover content and connect with other fans who share similar interests Business Wire India

MoneyGram International Sponsors ICC Cricket World Cup 2011
MoneyGram International (NYSE: MGI), a global leader in money transfers, announces that the company has signed a long-term sponsorship agreement with the International Cricket Council (ICC). Per the agreement, MoneyGram will have a presence at all ICC cricket tournaments around the world during 2011-2015 Business Wire India

Animal Airways Provides Perfect Solutions for the Upcoming Holiday Season
The holiday season is fast approaching and millions of pet owners are scheduled to travel abroad. Animal Airways, the global pet flight provider, is prepared to offer comprehensive pet boarding services worldwide. Whether you wish to fly with your pets or leave them close to home during the holidays, Animal Airways' pet boarding services will provide you with the best solutions possible Business Wire India

WNS Announces Second Quarter Fiscal 2011 Earnings
Financial Highlights: GAAP Measures • Q2 revenues of $154.2 million, up 5.6% from the corresponding quarter last year and up 2.8% sequentially • Q2 net income of $4.9 million, compared to net income1 of $1.4 million in the corresponding quarter last year and net loss1 of $6.0 million sequentially • Q2 diluted income per ADS of $0.11, compared to diluted income per ADS of $0 Business Wire India

ACE to Acquire New York Life’s Operations in Hong Kong and Korea; Expanding the Company’s Life Business to Two New Markets in Asia
ACE Limited (NYSE:ACE) announced today that it has signed a definitive agreement to acquire New York Life’s Hong Kong and Korea life insurance operations for approximately $425 million in cash Business Wire India

Smartmatic Appoints Gilles Souche as New President for Europe, Middle East and Africa
Smartmatic, a leading technology supplier around the world, has announced the addition of Mr. Gilles Souche to its management team as President of EMEA (Europe, Middle East and Africa). With more than 17 years of experience in international sales, Mr. Souche possesses the skills to help Smartmatic achieve its expansion goals. Business Wire India

Molex Reports Record Revenue and Earnings Per Share
Molex Incorporated (NASDAQ: MOLX)(NASDAQ: MOLXA), a global electronic components company, has reported results for its fiscal 2011 first quarter ended September 30, 2010. Business Wire India

KKR Forms Partnership with RPM Energy LLC
Kohlberg Kravis Roberts & Co. (together with its affiliates, “KKR”) today announced the formation of a partnership with RPM Energy LLC (“RPM”), a privately-owned oil and gas exploration and development company led by veteran energy professionals Claire Scobee Farley and David Rockecharlie. The partnership, RPM Energy Partners L.P Business Wire India

Expand Networks Appoints Christian Honore as Vice President of Sales EMEA
Expand Networks ( the leader in WAN optimization for branch office consolidation and virtualization, announced that Christian Honore has been promoted to the position of Vice President of Sales, EMEA, to oversee the Company’s continued growth and investment across the region Business Wire India

TruePosition Awarded Patent that Enables Advanced Mobile Phone Triggering
TruePosition, Inc Business Wire India

SPIRIT’s Voice and Video Software Platforms Unify China Mobile’s On-line and Mobile Communities
SPIRIT DSP, the world's leading provider of carrier-grade voice and video over IP software communication solutions, has announced today that its TeamSpirit® platform is now powering the latest release of Fetion – a unified, cross-network communication IM service that seamlessly connects Internet and mobile subscribers of China Mobile Business Wire India

Correction to India Limited’s Second Quarter Ended September 30, 2010, Earnings Results Conference Call for October 28, 2010; 8:30 AM ET/6.00 PM India Time India Limited (Nasdaq: REDF), one of the premier worldwide online providers of news, information, communication, entertainment, mobile and shopping services, will release its results for the Second Quarter ended September 30, 2010, at 8.00 AM ET (5.00 AM pacific time / 5:30 p.m. India Time, and not 6:30 p.m. India Time as previously reported) on Thursday, October 28, 2010 Business Wire India

SunBorne Energy and Ministry of New and Renewable Energy (MNRE) bring the World’s best to Launch a Special Solar R&D Project in India
• One of the first few PPP projects in the upcoming area ofsolar energy • A joint effort to make the 20, 000 MW national solar mission a reality SunBorne Energy, a leading specialist in Utility Scale Solar Solutions (50MW+), in partnership with Ministry of New and Renewable Energy (MNRE), is set to launch the first path breaking Research and Development project in India Business Wire India

Accentium Web Owned is India’s No. 1 Education Site
According to Comscore data for September 2010,, the education vertical of Accentium Web Pvt Ltd, is the largest education site in India. For September, received 435,000 unique Indian visitors, which is higher than the nearest competitor with 373,000 unique Indian visitors, and with 311,000 unique Indian visitors Business Wire India

Bollywood Enters the Virtual World
Bollywood has woken-up to the wonderful world of social media and of late has been extensively using it to connect and communicate with fans from all over the world. The young Indian, bollywood crazy youth are spending more and more time online, and using the digital medium as a new channel of expression, reflecting their independent and free spirited thought Business Wire India

REEEP South Asia Secretariat in Consonance with MNRE, TERI and UNDP Organize a Seminar on “Solar Water Heating Systems: Global Perspectives” at DIREC 2010
Business Wire India

FORE School of Management, New Delhi Announces PGDM Admission for 2011 Session
FORE School of Management (FSM), the Delhi based Premium Management School, has announced the applications for the admissions in Post Graduate Diploma in Management (PGDM) for the upcoming 2011-13 session. The last date for submitting the applications is November 15, 2010 Business Wire India

LG Lights a Diya for CRY
LG Electronics India has launched the ‘Festival of life’ campaign to bring cheer and happiness to the underprivileged children of the society during this festival season. This campaign, better known as ‘Light a diya’, aims to encourage consumers to visit the website People can light a Diya at any of the state/union territory of India Business Wire India

Videocon Achieves Two Million Subscriber Milestone Using Irdeto
Irdeto, the global leader in securing and delivering premium content and digital assets, congratulates customer solution suite to create a distinctive user experience with direct access to premium content, customized delivery and flexible viewing options for consumers Business Wire India

BMW India Leads the Way with BMW Navigation Professional
BMW India will launch BMW Navigation Professional as standard feature on all BMW 7 Series models from 01 November 2010. BMW Navigation Professional is a comprehensive solution with all on board systems. BMW Navigation Professional operates through the on board iDrive control with integrated Global Positioning System (GPS) and a full-colour 10 Business Wire India

Horlicks - GSKCH’s Mega Brand Transforms from a Health Food Drink to a wholesome Food & Beverage Brand
GlaxoSmithKline Consumer Healthcare unveiled its Mega Brand Horlicks in its new avatar Business Wire India

Haier Launches ‘Tiana’ the Most Advanced Range of Washing Machine
Haier, one of the largest Home Appliances & Consumer Electronics brands, worldwide, and the global no.1 in refrigerators and washing machines, today launched ‘Tiana’ the most advanced range of Washing Machine with Near Zero Pressure Technology. Haier’s new range of Washing Machine represents the company’s efforts to continuously introduce pioneering, new technologies for the Indian consumer Business Wire India

Dr. A. S. Arvind Appointed Strategic Advisor at Ecron Acunova
D. A Prasanna, Chairman of EA, announced the appointment of Dr. A S Arvind as Strategic Advisor. Dr. Arvind will guide the company on operational excellence and will mentor the team. From his immense experience, Arvind will support the clients medically, scientifically and strategically in their clinical development plan Business Wire India

Gunnebo India Appoints Som Gangopadhyay as Vice President Bank Security & Secure Storage
Gunnebo India Limited, a subsidiary of the Gunnebo AB Group, Sweden, one of the world’s leading suppliers of integrated security solutions, today announced the appointment of Som Gangopadhyay as Vice President. Som will be responsible for Bank Security & Secure Storage division of Gunnebo India Business Wire India

Callaway Golf Partners the Indian Business Leaders Summit and Golf Tournament
The Indian Business Leaders Summit & Golf tournament will be partnered with Callaway as the official golfing partner. The Summit happening on the 11th -12th November, 2010 will be the perfect symposium of sports and business Business Wire India

Biocon’s Strategic Foreign Direct Investment in Malaysia to Spur Country’s Biotech Industry
Biocon, Asia’s premier biotechnology company, today announced a strategic foreign direct investment in Malaysia with the Malaysian Biotechnology Corporation SdnBhd (BiotechCorp). The investment will be made towards establishing a biomanufacturing and R&D facility in Bio-XCell, a custom-built biotechnology park and ecosystem in Iskandar Malaysia, Johor Business Wire India

Sterlite Industries (India) Limited Unaudited Consolidated Results for the Second Quarter and Half year ended 30 September 2010
Sterlite Industries (India) Limited (“SIIL” or the “Company”) has announced its unaudited consolidated results for the second quarter (“Q2”) and half year ("H1") ended 30 September 2010. Business Wire India

Patni’s Q3 2010 Revenue up 6.7% QoQ
Mumbai, India, October 27, 2010: Patni Computer Systems Limited (Patni) today announced its financial results for the third quarter ended 30th September 2010 *Important Note: In Q3 2009, based on prior years tax reviews by IRS, which were concluded during the quarter, certain provisions had been reversed resulting in one time increase in gross profit of US$ 1.2 million, other income of US$ 2 Business Wire India

Exxon Business Group Scales up Operations, Adds School Management Practice
Exxon Business Group, headquartered in Mumbai, is ramping up operations as it adds more clients this fiscal. The group has also started school management practice wherein they’ll be managing schools on 3 to 5 years contracts. Exxon Business Group – established in 1996 by Chairman Mr Business Wire India

Annik Technology Services Pvt. Ltd. is a Finalist for the 2010 Red Herring 100 Asia Award
Annik Technology Services Pvt. Ltd. announced today it has been selected as a Finalist for Red Herring's top 100 Asia award, a prestigious list honoring the year’s most promising private technology ventures from the Asia business region. The Red Herring editorial team selected the most innovative companies from a pool of hundreds from across Asia Business Wire India

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