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India News on October 30, 2012


Biocon delivers Healthy Growth in H1FY13
Revenues: Rs. 1,235 Crores EBITDA: Rs. 305 Crores PAT: Rs. 169 Crores Commenting on the results, Chairman and Managing Director Kiran Mazumdar-Shaw stated, “We continue to deliver good performance across verticals this fiscal. At the half year, we have seen a 23% YoY increase in revenues attributable to both volume growth as well as better export realization on account of a depreciating rupee Business Wire India

Steria Reports Revenue of €448 million for the Third Quarter of 2012
-- Over the first nine months of 2012, consolidated revenue increased by 7.6% (+3% on a like-for-like basis) -- During the third quarter, revenue growth was 8.7% (+2.5% on a like-for-like basis) -- At September 30, 2012, the book to bill ratio stood at 0.98 (1.0 at September 30, 2011) First nine months 2012 consolidated revenue, revenue by geographical region, revenue by business Business Wire India

AGC Networks Announces 17% Revenue Growth for the H1 - FY13 with Revenues of INR 282 crs for Q2 - FY13 and Recommends BONUS in the Ratio of 1:1
-- AGC Networks plans expansion in new geographies like North America, Philippines, MEA etc Business Wire India

New TOW Missile Achieves 100th Direct Hit in Latest Testing
Raytheon Company (NYSE: RTN) and the U.S. Army achieved excellence in recent flight tests of the tube-launched, optically-tracked, wireless (TOW) missile. In September, the team scored its 100th TOW hit, which marked the successful engagement of 100 out of 100 targets Business Wire India

Nominations Open for Frost & Sullivan’s 4th Edition of Green Manufacturing Excellence Awards
Frost & Sullivan is proud to announce the 4th edition of its ‘Green Manufacturing Excellence Awards, scheduled for April 26, 2013 in Mumbai. The last date for nominations to participate in the award program is November 30, 2012 Business Wire India

Ambadi Launches Ultra Chic European Rugs at Affordable Prices
“It is fascinating to see how every home can change the way it looks and feels with just a small makeover – with art that adorns its floors…Rugs! In fact this is one of the smallest ever investment to make in one’s home to give it a welcoming and attractive feel Business Wire India

SWIFT Expands to India’s Domestic Market
SWIFT today announced that six of its partner banks have signed the shareholder’s agreement to establish a joint venture that will address domestic market needs of the Indian financial services industry Business Wire India

Polaris Launches Intellect CBX 4.0 FT App Store for Transaction Banking at SIBOS 2012
Polaris Financial Technology Ltd (POLS.BO), a leading global Financial Technology Company, today announced the launch of IntellectTM CBX 4.0 FT App Store at SIBOS 2012 in Osaka, Japan. Designed for Global Transaction Banking (GTB), Intellect CBX 4 Business Wire India

Volkswagen Group India Partners with Indo-German Urban Mela as a “City Partner” in New Delhi
-- Showcases concept car NILS -- Presents MicroCity - an intelligent traffic system concept -- A fleet of over 60 cars for shuttle service for Indo-German Urban Mela Volkswagen Group India continues its association with Indo-German Urban Mela (IGUM) as a ‘City Partner’ in New Delhi Business Wire India

BDO India Chairman Shailesh Haribhakti Joins Astonfield Renewables Global Advisory Board
Astonfield Renewables is pleased to announce the addition of Shailesh Haribhakti to its Global Advisory Board. Mr. Haribhakti is Chairman of BDO Consulting Pvt. Ltd., the Indian Member firm of the world’s fifth largest accountancy network, BDO International. Mr Business Wire India

QuickBooks Online, No. 1 in Cloud Business and Financial Management for Small Businesses, Available in India
Intuit Inc. (Nasdaq: INTU) today announced the availability of QuickBooks Online , the leading business and financial management software for small businesses in India. QuickBooks helps small businesses stay on top of their finances by providing powerful insights for quick and informed decisions, anywhere and anytime from an internet connected computer or data plan enabled smart phone Business Wire India

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