Speaking on the occasion of the launch Mr. Pratap Kantheti, Managing Director, Zen Securities, said, “The brand ZEN Money aptly articulates our mission - guiding clients to fulfil their financial goals. This mission laid out by our founder Sri K Ravindra Babu continues to be guiding light in all our initiatives.”

“ZEN Money is about leveraging technology to enhance client experience, offering various products and services like internet trading, Mutual funds advisory and other services that benefit the clients. In short, it’s about understanding client needs and providing the solutions for the same.” Mr. Satish Kantheti, Jt. Managing Director adds.

The Tagline “The art of investing” conveys that investing is as much an art as it is science and we at “ZEN Money” use our experience and expertise to guide clients to fulfil their financial goals. It also indicates that we offer investment services and products like stock broking/ Mutual funds/ PMS / Futures and options / currency futures/ commodities / IPO’s / Capital gains saving bonds etc.

The launch of the new brand identity comes at a time when the company is preparing to announce a series of exciting new initiatives, in its endeavour to deliver quality services to clients.

Zen Goes live with online trading at www.zenmoney.com

Zen also launched its online trading initiative at its new website www.zenmoney.com , investors can trade online in stocks and futures markets in both NSE and BSE. The unique feature of Zen Internet trading is its

comprehensive information about Client’s stocks, Depository account, Mutual fund holdings etc.. all at one place, Clients can view their Networth statement

online. The trading system also has payment gateways from multiple banks for online transfer of funds along with a highly flexible risk management system.

Expansion Plans

Zen is also planning to further expand its presence in Karnataka, Maharashtra and Tamil Nadu apart from Andhra Pradesh, using the branch and franchisee model in the current year. Zen currently has 140 branches spread across Andhra Pradesh, Karnataka, Tamil Nadu, West Bengal, Orissa and Maharashtra.

Source: Press release distribution via India PRwire

About ZEN Securities Ltd

Zen Securities Ltd commenced its business as proprietary concern of M/s K. Ravindra Babu in 1986. ZEN is a registered Member on the Capital Market Segment and Futures & Options segment of both NSE and BSE. ZEN is also a member of the Currency Derivatives segment of the NSE.

ZEN is also a Depository Participant with NSDL and CDSL. ZEN is also a SEBI Registered Portfolio Manager. Zen Comtrade Pvt. Ltd. a 100% subsidiary of ZSL and is a member of National Commodities & Derivatives Exchange Limited (NCDEX) and Multi Commodity Exchange (MCX).

Tech Mahindra beat several other technological giants to emerge winners in this category. Tech Mahindra have been awarded three times in a row at the Billing & OSS World conference, previously winning the Award for Achievement in Innovation in 2006 and the Outstanding Achievement in the industry in 2007.Tech Mahindra is already one of the leading players in the BSS/OSS space, in the world and it has over just the past few years built up a phenomenal track record of successfully implementing & launching BSS/OSS solutions for its clients globally. As a testimony of its largesse in this space, it has been awarded the 3rd Largest BSS Systems Integrator and 5th Largest BSS Vendor (Gartner –Dataquest, WorldWide Analysis 2000-2006, published in 2007).

According to Mr. Vivek Karla, Vice President, Tech Mahindra “It is indeed an honor to receive this prestigious award for technological excellence, which is a testimony of our deep domain knowledge in the telecom sector. Tech Mahindra has already emerged as a key leader in the Billing and OSS Space and this award reaffirms our market standing in this arena.”

Billing World & OSS 2008 Conference and Expo is the premier event for business and operations support systems. The conference also provides a forum for information sharing around current topics like integration of fixed and mobile services, fulfillment, assurance, billing and settlements across global networks for blended voice, video, content and data services. The exhibition showcases the latest systems, software and service offerings from industry leaders in the OSS/BSS sector who are tackling orchestration challenges every day around the world.

For more information visit http://www.billingworld.com/excellenceawards.

Source: Press release distribution via India PRwire

About Tech Mahindra Ltd

Tech Mahindra is a leading provider of solutions and services to the telecommunications industry, majority stake owned by Mahindra & Mahindra, in partnership with BT Plc. With total revenues of $648million in the year ended March 31, 2007, Tech Mahindra is India’s 6th largest software exporter, and serves telecom service providers, equipment manufacturers, software vendors and systems integrators.

Assessed at SEI-CMMi Level 5 and PCMM Level 5, Tech Mahindra's track record for value-delivery is supported by over 23,000 professionals who provide a unique blend of culture, domain expertise and in-depth technology skill-sets. Its development centers are ISO 9001:2000 & BS7799 certified. Tech Mahindra has principal offices in the UK, United States, Germany, UAE, Egypt, Singapore, India, Thailand, Indonesia & Australia.

Visit: http://www.techmahindra.com/

Promoted by Banks and Financial Institutions, CARE is engaged in providing credit rating, financial and advisory services to various entities in the corporate and financial sectors in India.

Corporation Bank is a Public Sector Bank and offers financial services which are of great value to its customers.

This MoU will enable Corporation Bank in ensuring compliance with the guidelines of the New Capital Adequacy Framework (Basel-II) announced by Reserve Bank of India. Under these guidelines, the capital requirement for a corporate exposure is based on the credit rating assigned by the recognized rating agencies such as CARE.

As per the MoU, Corporation Bank may advise its clients to approach CARE for getting their facilities with the Bank rated. The clients of the bank will benefit from the rating exercise at a discounted rate. All these ratings will be carried out after obtaining mandates from the Bank’s clients/prospective clients.

Corporation Bank will be benefited with the objective and independent assessment of borrower’s credit quality. Further, the sharing of CARE’s analytical insights on various industries and evolving economic environment will help the bank in strategizing its lending decisions.

The customers of Corporation Bank classified as Small Scale Industries (SSI) will benefit from “NSIC–CARE Performance and Credit Rating” at a subsidised fee. This rating product, offered under the Performance and Credit Rating Scheme for SSIs adopted by the Ministry of Small Scale Industries of the Government of India is meant especially for the sector.

Also under the terms of the MOU, the rating requirements of Corporation Bank’s small and medium size customers that are not classified / registered as an SSI unit will be addressed under “CARE SME Rating”.

Source: Press release distribution via India PRwire

From Pressman India www.pressmanindia.com

Source: Press release distribution via India PRwire

From Pressman India www.pressmanindia.com

The credit quality has further strengthened due to its parentage with SBI holding 100% stake in SBS. Boards on SBI and SBS have agreed and approved for the merger of both the banks which is to materialize after certain regulation approvals.

Source: Press release distribution via India PRwire

From Pressman India www.pressmanindia.com

Sobha developers have a very good reputation in bangalore, it has completed over 24 projects in bangalore with 4.60 mn sq ft of super built up area and about 94 contractual projects in eight states covering about 9.80 mn sq ft of super built up area.

Most of the residential and commercial complexes have been executed in bangalore while most of the contractual projects were executed for Infosys.

Source: Press release distribution via India PRwire

From Pressman India www.pressmanindia.com

• Convening of EGM of the company on Wednesday, 9th January 2008 to seek members approval for the following.
• Preferential allotment of 2,75,000 Equity Shares of the Company to a particular group of investors at a price of Rs.200 per Equity Share (including a premium of Rs.190 per share) within the framework of SEBI (DIP) Guidelines, 2000 as amended from time to time.
• Seeking members approval for issue of Foreign Currency Convertible Bonds for an aggregate value not exceeding Rs.200 crores subject to all statutory and regulatory approvals as may be required.
• Increase in borrowing powers of the company from the present limit of Rs.100 crores to Rs. 500 crores.

Refex Refrigerants has clocked a turnover of Rs.51.29 crores for the financial year (2006-07) with a net profit of Rs.3.91 crores. And for half year ended 30.09.2007 the turnover was 40.02 crores with a net profit of 6.02 crores.

Refex Refrigerants is setting up an additional refilling plant at Thiruporur in Kanchipuram district of Tamil Nadu at a cost of Rs.36 crore. The construction work of the new plant is almost nearing completion. With this the company expects to increase its refilling capacity from the current 480 MT to 3000 MT per annum. The plant is expected to be operational in the very near future.

Source: Press release distribution via India PRwire

About Refex Refrigerants Ltd

Refex Refrigerants Ltd is in the business of refilling and marketing world-class refrigerant products in India. It has a state-of-the-art refilling and storage facility at Thiruporur, Kanchipuram District (Tamil Nadu) from where the products are refilled and distributed to major OEM’s and Trade sectors. It is a fully automated plant with major machinery imported from world over. Refex is an ISO 9001:2000 Certified company.

The B Bonds have now been subscribed by Deutsche Bank. The B Bonds are listed on the Luxembourg Stock Exchange with a conversion price of Rs. 175 /- per share. The proceeds from the issue will be used to finance the development plans post the Spanish acquisition. Wanbury, the world's largest producer of Metformin, a diabetes management product, is currently focusing on capturing the European markets on the back of the Spanish acquisition and is streamlining its business verticals to ensure leadership in the gynecology, orthopedic and surgical segments.

Wanbury has grown at approximately 55% CAGR in sales over the last five years and has completed three acquisitions in last three years. About Wanbury The current production capacity of Metformin currently stands at approximately 8000 metric tonnes p.a. Wanbury is presently catering to over 40% of the world market and about 50% of the US market. With a strong presence in the bulk drugs and formulation the company plans to focus on improving its presence in Branded products and increase its CRAMS operations. The company is also in the Contract, Research, And Manufacturing Services and manufactures for MNCs like Pfizer, Farma Projects, etc.

Wanbury presently has approximately 40 scientists at its R&D centers. Over the next 12 to 18 months, Wanbury shall set up a new R&D center near Patalganga, to focus on its existing API, Formulation and CRAMS business The company caters to customers across the globe including some of the top generic players in the US and Europe.

Source: Press release distribution via India PRwire

RPL made an offering in May 2006 for 20% of its’ equity represented by 90 crore shares. This offering was the most successful IPO until then with overall demand exceeding USD 32 billion. The sale of RPL shares was conducted by transactions through the Stock Exchanges and has helped to further broad base the shareholding pattern of RPL. The number of shareholders of RPL has increased from 12 lac shareholders at the time of IPO to 16 lac.

RPL is among the best performing stocks in the NIFTY index this year. It has, at current prices, provided a return of 250% to its investors since the IPO. The sale of shares monetizes only a very small portion of RIL’s holding in RPL.

Source: Press release distribution via India PRwire

Reliance Industries Limited

Reliance Industries Limited (RIL) is India’s largest private sector company on all major financial parameters with turnover of Rs1,18,354 crore (US$ 27.23 billion), cash profit of Rs.17,678 crore (US$ 4.07 billion), net profit of Rs. 11,943 crore (US$ 2.75 billion) and net worth of Rs. 63,967 crore (US$ 14.72 billion) as of March 31, 2007. RIL is the first and only private sector company from India to feature in the Fortune Global 500 list of ‘World’s Largest Corporations’ and ranks amongst the world’s Top 200 companies in terms of profits. RIL is amongst the 25 fastest climbers ranked by Fortune. RIL also features in the Forbes Global list of world’s 400 best big companies and in FT Global 500 list of world’s largest companies.

Reliance Petroleum Limited

Reliance Petroleum Limited (RPL), a subsidiary of RIL, is setting up a greenfield petroleum refinery and polypropylene plant in a Special Economic Zone at Jamnagar in Gujarat. With an annual crude processing capacity of 580,000 barrels per stream day (BPSD), RPL will be the sixth largest refinery in the world.

Funds generated from this offering will be utilized for the long term and short-term fund requirement of the company as well as related working Capital requirement of further expansion programme envisaged.

Refex Refrigerants has clocked a turnover of Rs.51.29 crores for the financial year (2006-07) with a net profit

of Rs.3.91 crores. And for half year ended 30.09.2007 the turnover was 40.02 crores with a net profit of 6.02 crores.

Refex Refrigerants, as part of its expansion plan, is setting up a new refilling plant in Thiruporur near Chennai at a total investment of Rs.36 crores. With this expansion, the company expects to increase its refilling capacity from the current 480 tonnes to 3000 tonnes per annum. The plant is expected to be operational in January 2008.

Source: Press release distribution via India PRwire

The promotional offer, “Ajab Si” will run across the Kodak Express Outlets in an area near to your home from October 20 to November 15, 2007. All you have to do is go to your neighborhood Kodak store, drop off your film roll or any digital device (memory card, CD, Digital Camera) and make prints for Rs. 250 or more .You will get a scratch card and fabulous prizes such as Kodak EasyShare digital cameras, SRK autographed posters, pocket calendars, OSO movie tickets and 10 % off on your next print order.

One lucky winner gets to meet Shahrukh Khan in person on a Bollywood set!!!

“ My latest film is all about realizing your dream, so if you want to meet me, enter the Om Shanti Om – Kodak “Ajab Si” promotion.” said Shahrukh Khan

Commenting on the promotional tie-up, Kodak India Pvt Ltd.MD. Mr. Ravi Karamcheti said, "It is prestigious to be associated with the movie Om Shanti Om. Kodak believes in preserving life’s special moments. This is our effort to add something special to our customers’ lives this festive season.”

Source: Press release distribution via India PRwire

Media Contacts
Ogilvy Public Relations Worldwide-Mumbai
Aradhana Prabhu / Ajith Henry
Tel-98203-32479 / 98208-14870
Email: aradhana.prabhu@ogilvy.com / ajith.henry@ogilvy.com

He explained about the various challenges which are needed to be soughted out:

Regulatory issued are like the opening of option on commodities, every 1% saving in magistrate will save about Rs 20,000 crores so that the need of commodities is to remove logistic barriers.

The main speakers of the event were Mr. Sanjay Kaul, Director & CEO- National Institute of Commodity Markets & Research; Mr. Rajiv Agarwal, Member, FMC; Mr. L. Man Singh, Chairman-Petroleum & Energy Regulatory Board; Mr. Rajesh Jain, Vice President & Head (R&D)-SMC COM Trade Pvt. Ltd; Mr. Gaurav Arora, Jaypee Commodities; Mr. Vasudeo Joshi, Head (Research)-Man Financials and Dr. Ajay Shah, Senior Fellow-National Institute of Public Finance & Policy.

SMC believes in creating awareness and empowerment among the investors. This is a major step forward in this regard. This program will help assimilate the strategies among the potential investors and students. The event is aimed to introduce various aspects of commodities market and how anyone can invest in the world's best market, profitably.

Source: Press release distribution via India PRwire

About SMC

SMC Global (SMC), one of the largest and most reputed financial services providers in India is a vertically integrated investment solutions company, with a pan-India presence. SMC was founded in 1990, jointly by Mr. Subhash Chand Aggarwal and Mr. Mahesh Chand Gupta. Based in New Delhi, SMC Group is a full financial services firm catering to all classes of investors. Its services basket consists of Equity, Derivatives & Commodities trading, Online Internet Trading, Online Commodity trading, Online IPO, Online Mutual Fund, IPO and Mutual Fund Distribution, Depository Services For both Shares and commodities, Clearing Services in NSE F&O, BSE F&O and DGCX, Merchant Banking Services, Insurance Broking Services for life and non-life products, Research based support to clients, Investment and arbitrage advisory services and Investor Education.

Both the Bombay Stock Exchange and the National Stock Exchange brought the company under scanner last week and early this week to ascertain if the price movement was normal.

From Rs 52 at close on September 19, the share price hit a one-year high of Rs 103 during trading on September 25, although it ended down at Rs 94.85 that day.

There have been media reports that it plans to sell stake in coal-bed methane blocks to strategic investors and has applied for starting city gas distribution projects.

NSE wrote to company officials on September 21 after reports that it plans to start CGD projects in various cities. The company's share price surged by a whopping 35 per cent that day to settle at Rs 76.70 from Rs 56.80 a day ago.

The scrip soared another 22 per cent on September 24 to Rs 93.55. Incidentally, there is no circuit filter on the scrip.

Similarly, turnover rose to a whopping Rs 673.47 crore on September 21 when more than 9.5 crore shares changed hands. This was against Rs 136.5 crore in the previous day when only 2.4 crore shares were traded. On September 24, it recorded a turnover of about Rs 457 crore.

The company informed the bourses on September 24 that its affiliate firm Reliance Fuel Resources Ltd did submit an application to the Petroleum Ministry for setting up such projects in Mumbai, Delhi and the national capital region.

Source: Press release distribution via India PRwire

B. Rama Raju, Satyam’s co-founder and managing director, officially opened the new facility at a ceremony attended by several senior Satyam clients, and officiated by Anita Nayar, India’s Consul General.

“Satyam is already well established in Australia and today’s announcement reinforces our ongoing commitment to collaborating with customers—wherever they need us—to transform their organizations,” Rama Raju said. “The Brisbane facility will generate world–class ICT solutions and offer the same expertise and project management capabilities as our other solution centers across the globe. Moreover, it will enable Satyam to meet specific regional requirements of our Queensland-based clients and help them excel in a competitive national business environment. It clearly demonstrates our willingness to adjust our delivery models to align with our customers’ needs”

“Queensland has a vibrant ICT industry that attracts exceptional talent from across Australia and elsewhere in the region,” said Virender Aggarwal, Satyam’s director and senior vice president for APAC–MEIA. “This creative, energetic talent pool will bolster our capabilities to provide specialized ICT solutions locally and to global customers. With its pro-business initiatives, Queensland has earned its reputation for attracting international ICT organizations like Satyam to establish a presence here.”

The Brisbane development center will serve local government, finance, and insurance clients, while addressing other sectors, including mining. In addition, a significant proportion of Satyam’s Australian development will also take place at the new facility, primarily the development of future enterprise applications for both Australian and multinational clients. The center currently employs 40 professionals and expects to employ another 50 professionals in the near future.

Today, Satyam has a diverse workforce of over 1200 associates serving Australia out of which over 800 are based in Australia. Satyam has laid major emphasis on local employment generation and today over 42% of associates in Australia are local nationals. Apart from hiring experienced local professionals Satyam is working closely with Australian Computer Society (ACS) to foster interest back in IT amongst Australian youth. Towards this initiative Satyam has offered scholarships to about 100 associates; many of the university students are already enjoying the benefits of this scholarship and are currently getting trained in India to the same exact standards and training that our Indian engineers go through in Satyam’s campuses. These young graduates after their training will come and form part of Satyam’s Australia’s team. Some of these engineers who attended training in India last year are already working with our clients in Australia.

Source: Press release distribution via India PRwire

About Satyam

Satyam (NYSE: SAY), a leading global business and information technology services company, delivers consulting, systems integration, and outsourcing solutions to clients in 20 industries and 57 countries.

Satyam leverages deep industry and functional expertise, leading technology practices, and an advanced, global delivery model to help clients transform their highest-value business processes and improve their business performance. The company’s 42,500* professionals excel in engineering and product development, supply chain management, client relationship management, business process quality, business intelligence, enterprise integration, and infrastructure management, among other key capabilities.

Satyam development and delivery centers in the US, Canada, Brazil, the UK, Hungary, Egypt, UAE, India, China, Malaysia, Singapore, and Australia serve 570* clients, including one-third of the US Fortune 500. For more information, see satyam website.

*As of June 30, 2007

Commenting on the development, Dr. P. Sekhar, Chairman and Managing Director, Micro Technologies (India) Ltd. said, “the listing on Singapore is a significant step forward as it represents the success of bringing the technology based Security Products platform from India to other Asian countries and, more importantly, a new and unique investment tool to help investors manage their wealth more efficiently”.

The Standard Chartered acted as the lead managers to the issue and is also one of the investors along with Lehman Brothers and Apollo Global. As exchange traded funds (ETFs) are becoming mainstream investment tool, the listing of Micro Technologies on SGX will broaden to our suite of regional ETFs and allow investors to take advantage of the growing economies of India.

The Company is listed on National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) for its equity shares and Luxembourg Stock Exchange for GDRs.

Source: Press release distribution via India PRwire

Adfactors Public Relations is amongst the leading communications consultancies in India. We specialise in corporate and financial communications, public affairs, crisis communications and technology PR.

In each of these practice areas, our solutions are rooted in the client's business strategy. Knowledge-driven communications being our brand core, our consultants combine domain knowledge with communications expertise.

Founded in 1997, we have unmatched expertise and experience in corporate and financial communications.

Over the years, we have managed some of the most challenging and complex communication assignments for corporate India. These include the largest capital market offerings over the last 10 years. We have also provided communications support for numerous high-profile M&As, restructurings, open offers and delistings.

Our clients include some of the most reputed Indian and international corporations and financial institutions. Among them are State Bank of India, IDBI Bank, ABN Amro Banking Group, Barclays Bank, Mahindra & Mahindra Group, Larsen and Toubro, Jet Airways and IBM India. In over a dozen categories, we work with industry leaders.

We offer a truly national reach with offices in Mumbai, Delhi, Bangalore, Hyderabad, Chennai, Kolkata, Ahmedabad, Pune, Chandigarh, Indore and Jaipur.

We are now moving towards providing services beyond the Indian shores. We recently launched operations in Singapore, Dubai and Toronto with a view to assisting our clients in these markets. Toward this end, we have also joined Public Relations Organisation International (PROI), one of the world's top five independent PR partnerships. The PROI partners are some of the most competent PR consultancies in their respective markets.

As part of its rapid growth, SMC Group reported an increase in trading volume, recording an average of 175,000 trades per day for Q1 FY 2008 (compared to an average of 140,000 trades per day for Q1 FY 2007). SMC Group also reported a 73% increase in trading turnover: $45 billion for Q1 FY 2008 (compared with $26 billion, for Q1 FY 2007).

SMC Group also reported an increase in the number of branches, cities covered and customers served. As of June 30, 2007, SMC:

• Increased retail distribution network to 925 branches (compared with 592 branches as of June 30, 2006)
• Increased nationwide presence to 225 cities (compared with 150 cities as of June 30, 2006)
• Increased customers: serves the financial needs of 300,000 investors (compared with 160,000 investors as of June 30, 2006).

SMC Group's financial performance is set forth below:

Audited results

for the fiscal years

ended March 31,

Rupee in Millions

2005

2006

2007

Revenues

Rs.376

Rs.744

Rs.1442

EBITDA

75

318

764

Net Income

49

220

548

Source: Press release distribution via India PRwire

About SMC

SMC Global is one of the largest and most reputed Investment Solutions Company that provides a wide range of services to its substantial and diversified client base. Founded in 1990, by Mr. Subhash Chand Aggarwal and Mr. Mahesh Chand Gupta, SMC, is a full financial services firm catering to all classes of investors. The company is having its corporate office in New Delhi with regional offices in Mumbai, Kolkata, Chennai, Ahemdabad, Cochin, Hyderabad, Jaipur plus a growing network of more than 900 offices across over 240 cities/towns in India and overseas office in Dubai.

• Member of NSE, BSE, F&O, NCDEX, MCX & DGCX
• Clearing Member in NSE F&O, BSE F&O and DGCX
• Depository Participant for both shares & Commodities
• Category 1 SEBI approved Merchant Banker
• Insurance Broker (Life & Non-Life)
• Distributors of IPOs, Mutual Funds and various other 3rd party products

Company Summary:

Ø Pan-India presence having 900+ offices spread across more than 240 cities and growing

Ø Commanding the faith of over 300000 satisfied investors

Ø More than 3500 trading terminals of NSE, BSE, F&O, NCDEX and MCX installed

Ø Highly dedicated workforce of 1000+ employees, 6000+ financial advisors in SMC network

Ø Average daily turnover exceeding $600 million per day & annual turnover over $100 billion in the last financial year (2006-07)

Ø Fast growing company showing a 90% growth in revenue from $ 18.38 million in 2005-06 to $ 34.33 million in 2006-07

Ø State of art technology and trading platform processing 175000 transactions daily

Ø Strong presence in the business with a rich experience of over 17 years

Ø Commanding more than 3% of the total market share in the Indian equities and derivatives market, over 4% in the Indian commodities market and more than 10% in Dubai gold and commodities exchange

Ø Handling more than 175000 trades per day

Ø Taking care of over 64000 DP clients

Ø Dedicated arbitrage wing of more than 200 arbitragers, doing risk-free arbitrage between capital market & futures in both equity and commodity markets

Ø Equipped with hi-tech in-house R&D wing and technological resources providing complete research solutions

Ø Fast, Transparent and easy to use Online Internet Trading Platform

Ø Special advisory services to HNIs and Corporates

Ø Clearing member to 56 trading members in NSE F&O, BSE F&O and DGCX i.e. 24 in NSE, 30 in BSE and 2 in DGCX

Achievements:

Ø ISO 9001:2000 certified DP for both shares and commodities

Ø 3rd largest broking house of India in terms of trading terminals (Source: Dun and Bradstreet)

Ø 5th largest sub-broker network in the country (Source: Dun and Bradstreet)

Ø 6th largest distributors of IPO (fund mobilization) in Retail. (Source: Prime Data Rankings)

Ø One of the first financial firms in India to expand operations in the lucrative gulf market, by acquiring valuable license for trading and clearing with Dubai gold and commodities exchange (DGCX)

Ø Amongst a elite group of brokers having proprietary desk for doing risk-free arbitrage in commodities

Ø First trade on DGCX for silver and first currency trade for rupee- dollar

Ø Awarded the Best Volume Driver by BSE for the second year in a row i.e. 2004-05 and 2005-06

"Automated dialing, callback scheduling and campaign management aren't only for salespeople or telemarketers. The trend in call centers today is toward meshing service and sales where it's appropriate. Outbound promotions and follow-up communication are methods that call centers have come to depend on to sustain revenue, even if these centers primarily answer inquiries from customers," wrote Call Center Magazine editors regarding Cincom Synchrony's selection.

"We're pleased to see Cincom incorporate outbound tools as part of its overall agent desktop interface. Cincom Synchrony 7.0 earns a Best of Show award for the ease with which it lets agents use the same software, whether they reach out to customers or assist customers who get in touch with them," continued Call Center Magazine editors.

The Best of Show Award is presented to companies that participated in the Call Center Demo & Conference and demonstrated superior innovation, dedication and pursuit of excellence in providing products and services for the ever-growing call center market.

Cincom Synchrony will be displayed at next week's Call Center Demo & Conference in Dallas (www.ccdemo.com).

This is Synchrony's eighth product award in four years, including a 2007 Product of the Year Award from Call Center Magazine for its integrated desktop capabilities for both administrators and agents.

The Best of Show award winners for 2007 are highlighted in the May 2007 issue of Call Center Magazine (www.callcentermagazine.com).

David Foulcher, Regional Director, Cincom Systems India said, "We thrive to provide our client's with the best of breed technology, and this award ensures our commitment towards the same".

Source: Press release distribution via India PRwire

About Cincom Synchrony

Cincom Synchrony is a multi-channel contact center and unified agent desktop solution proven to enhance customer relationships while optimizing agent and business-user efficiency. Available hosted or on-premise, Synchrony provides inbound and outbound sales, marketing and customer-service environments with a high-value, low-cost contact center solution. For more information about Cincom Synchrony, please visit www.cincom.com/synchrony.

About Cincom Systems

Cincom and its partners deliver and support innovative software and services to simplify complex business processes. For nearly 40 years, Cincom has empowered thousands ofclients worldwide to transform their businesses and outperform the competition by providing ways to increase revenue, control cost, minimize risk and achieve rapid ROI.

Full Year ended March 31, 2007

Consolidated Revenues: Rs 477 crore – increases 55% vs FY06

Consolidated PAT: Rs 44.3 crore – increases 93% vs FY06

Consolidated EPS: Rs 15.75/- vs Rs. 9.08/- in FY06

Dividend Declared: 40%

Quarter ended March 31, 2007

Consolidated revenues: Rs 135 crore - increases 73% vs Q4 FY06

Consolidated Profit After Tax (PAT): Rs. 11.7 crore - increases 86% vs Q4 FY06

Consolidated EPS: Rs. 4.14/- vs Rs. 2.52/- in Q4 FY06

Key Financial Highlights for Q4 FY07

• Average collection period stands at 74 days

• Revenue contribution from the Top five customers stood at 73.6% and from

Top 10 customers at 86.3%

• Cash and cash equivalents stand at Rs. 34.9 crore as on March 31, 2007,

compared to Rs. 42.5 crore as on December 31, 2006

• The consolidated Forex-hedged position on March 31, 2007 was

US$ 53.9 Million

• Average realized rate for the quarter Rs 44/- per US$

• Dividend declared - 40%

Key Business Highlights for Q4 and Full Year FY07

• A net total of 107 people were added this quarter (Gross Adds of 290),

taking the total employee strength to 3,611 as on March 31, 2007

• Utilization on the services side stands at 71.5%, for Q4; for the Full Year,

the utilization was 75%

• The services business delivered an EPS of Rs 7.29/- for Q4 and Rs 26.84/- for

the Full Year

• EBITDA Margins on the services side were at 20.7% for Q4 and 22.5% for the

Full Year

Idian GAAP Financial Release – Q4 and Full Year FY07

• Two new Design-Ins (One for the Application Framework with Lenovo

Mobile, and one for Multimedia Subsystem) on the products side – both in

April 2007

• NTT DoCoMo, Japan has announced a new FOMA P903iX mobile handset

developed by Panasonic Mobile Corporation (PMC) in Japan with Sasken's

Multimedia Solution – royalty bearing engagement – launched on April 19,

2007

• 6 new customers added during the quarter; a total of 84 active customers

during the year

Commenting on the performance, Rajiv Mody, Chairman & CEO, Sasken said,

"The Sasken Group has delivered revenue growth of 55% and net profits have

grown 93% for FY07 over FY06. The full year's EPS stands at Rs 15.75/-, a growth of 73%. Our services business has delivered 62% growth rate in revenues and crossed a significant milestone of $100M in revenues for the full year. Our services EBITDA margins were at 22.5% for the Full Year. This is in line with the goals we had set for ourselves at the beginning of the year. One more of our key accounts has crossed $20M in annual revenues, with a third account very close achieving that milestone. This further vindicates our Tier 1 strategy,"

"Our focus this year has been to set the platform for profitable growth going forward. To this effect, we have significantly strengthened our leadership team. We are also firming up plans for entry into some new customer segments, and looking at expanding our offering portfolio. The Sasken Group's focus continues to be the communications industry and we believe that we have the scale and the compelling value propositions to scale our business significantly," he added.

"We continue to track our products business on the basis of set milestones. The Design-In on the Application Framework Product with Lenovo Mobile is an important step forward for us. The NTT DoCoMo P903iX by PMC phone launch in April 2007 is another royalty-bearing engagement for us in the Japanese market. Going forward, we should see Design-Wins (phone launches) happen on the Multimedia Subsystem product with various customers, including a global Tier 1 customer, in the first quarter," Rajiv added.

The key senior management appointments made by the company in January

2007 were:

• Poonacha Machaiah – Senior Vice President, Worldwide Sales

• Rajesh Tyagi – Chief Technology Officer (Products and Services)

• Ranganath Puranik - Senior Vice President (Global Strategy & Business

Development) & Chief Strategy Officer (Products & Services)

• Srinivasan Ramaraj - Senior Vice President, Services

Indian GAAP Financial Release – Q4 and Full Year FY07

The detailed financial results are given in an Annexure to this Media Release. A fact sheet providing the operating metrics for the company and a presentation for analysts can be downloaded from the investor section of www.sasken.com .

Conference Call details

A conference call is planned at 1000 hrs IST on Monday, April 23, 2007, where the senior management of Sasken led by Chairman and CEO, Rajiv Mody, will comment on the company's performance for the fourth quarter and full year ended March 31, 2007, and respond to queries from participants. To participate in the conference call, please dial the numbers given on the website ten minutes ahead of the schedule. The transcript of this conference call will be available within 72 working hours in the investor section of the company website, www.sasken.com . Details of the conference call are also

available on www.sasken.com .

Time 10.00 AM IST

Location Access Number

India

Primary Access TOLL NUMBER: (+91 22) 2781 3127

Secondary Access TOLL NUMBER: (+91 22) 6776 3827

LOCATION ACCESS NUMBER CONFERENCE ID

US TOLL FREE NUMBER: 877 209 0463

INTERNATIONAL

TOLL NUMBER

TOLL NUMBER: 001 706 643 0243

4791845#

Source: Press release distribution via India PRwire

About Sasken

Sasken is an embedded telecom solutions company that helps businesses across the telecom value chain accelerate product development life cycles. Sasken offers a hybrid model of services and products, and works with Network OEMs, semiconductor vendors, Terminal Devices OEMs and operators across the

world. Global Fortune 500, Tier 1 companies in each of these segments are part of Sasken's customer profile. Established in 1989, Sasken employs over 3,500 people at its offices in India, China, Finland, Germany, Japan, Mexico, Sweden, UK and the U.S.

For further information, please contact:

Investor Relations
Venkatesh S, Sasken (+91 80 6694 4817)
Mobile: +91 98457 19332
E-Mail: svenkat@sasken.com

Media
CSV Ratna, Sasken (+91-80-6694 4996)
Manish T, Adfactors PR (+91 99455 13552)
Email: pr@sasken.com

• Tata Infrastructure Fund has been ranked ICRA - MFR 1 and has been awarded the Gold Award for best performance in the open-ended diversified equity category. The rank indicates performance within the top 10 per cent of the stated category.
• Tata Income Fund has been ranked ICRA - MFR 1 and has been awarded the Gold Award for Best Performance in the open-ended debt - long term category, for its 3 year performance till December 31, 2006.
• Tata Liquid Fund, SHIP, has been awarded the Crisil Mutual Fund Award 2007 in the liquid fund, institutional category.

Speaking on this occasion, Ved Prakash Chaturvedi, managing director, Tata Asset Management, said, "We are delighted on receiving these prestigious awards. It is a reflection of our strong commitment to providing our investors with best in class research and fund management services."

Tata Asset Management. is a leading player in the mutual fund arena and offers a wide array of products across the risk-reward spectrum for every financial need at various life stages. The overall AUM of the company stood at Rs 16741.01 crore as on Feb 28, 2007. Tata Mutual Fund currently has 75 touch-points with over 11,00,000 investors across the country.

ICRA awards selection method

The ranks are an outcome of an objective and comparative analysis against various parameters, including: risk adjusted return, fund size, sector concentration, portfolio turnover, liquidity, company concentration and average maturity. The ranking methodology did not take into account entry and exit loads imposed by the fund. The rank is neither a certificate of statutory compliance nor any guarantee on the future performance of Tata Infrastructure Fund / Tata Income Fund.

Ranking source and publisher: ICRA Online

Crisil awards selection method

The eligible schemes are scaled with the best score for each quarter. The average scaled scores constitute the parametric scores. The final weighted average score for each scheme is arrived by applying an assigned weightage to each of the parametric scores. The number of awards in a category is based on the number of schemes qualifying in the top 10 percentile subject to a maximum of three awards.

Source: Press release distribution via India PRwire

The ratings on REC are based on Fitch’s assessment of the strategic importance of the company to the Government of India (“GoI”) and on the support that is available to the organisation. REC is the nodal agency for funding rural electrification and a failure of the organisation could impair the availability of funds for electrification of villages, a socially and politically important objective for the GoI. Furthermore, REC is one of the two GoI-owned finance companies operating exclusively to provide funds for the development of power industry in India and is an important source of funds for state-owned power utilities (“SPU”).

REC is supported by the GoI in multiple ways. Grants and interest subsidies channelled through REC reduces the overall cost of projects funded through loans from REC. REC is supported in its debt mobilisation by the tax concessions which are available on the bonds issued by REC and GoI guarantees. The agency also notes that, historically, the support has ranged from regular equity injections and active support for recovery of dues from financially weak SPUs. The availability of tax concessions reduce the average cost of borrowing for REC, which, coupled with the flexibility available to REC to invest almost its entire asset book in loans instead of, like banks, having to invest in statutory assets, provide it with margins comparable with the best Indian banks.

REC is expected to raise equity capital in fiscal year ending 31 March 2008 (“FY08”) through its first public equity offering. While this will result in GoI’s stake lowering to around 80%, Fitch does not anticipate that this would change the development role being played by the organisation, its focus on a single industry or its relationship with the GoI, over the next three to five years.

The ratings are also supported by REC’s strong business prospects and its high present profitability and capital adequacy ratios, which are comparable to the medians of its rating category. The company reported return on equity of 16.0% and net interest margins of 2.9% in FY06. Capitalisation levels are comfortable with equity to loans of 16.5% and net NPLs to equity of 6.7%. While reported capital adequacy ratios for REC are high, its key risk emanates from its exposure to a single industry with relatively weak borrower credit worthiness. At end-FY06, the company had total assets of INR299.3 billion (equivalent to USD6.7bn) and net income of INR6.4bn (USD142.9 million).

Note to editors: Fitch's National ratings provide a relative measure of creditworthiness for rated entities in countries with relatively low international sovereign ratings and where there is demand for such ratings. The best risk within a country is rated 'AAA' and other credits are rated only relative to this risk. National ratings are designed for use mainly by local investors in local markets and are signified by the addition of an identifier for the country concerned, such as 'AAA(ind)' for National ratings in India. Specific letter grades are not therefore internationally comparable.

Fitch's rating definitions and the terms of use of such ratings are available on the agency's public site, www.fitchratings.com. Published ratings, criteria and methodologies are available from this site, at all times. Fitch's code of conduct, confidentiality, conflicts of interest, affiliate firewall, compliance and other relevant policies and procedures are also available from the 'Code of Conduct' section of this site.

Source: Press release distribution via India PRwire

About Fitch Ratings

Fitch Ratings is one of the three large global credit rating agencies. Fitch rates 5700 banks/financial institutions, including some 2500 insurance companies, more than 1400 corporates and 100 sovereigns as well as public finance, sub-sovereigns and structured finance transactions.

Fitch India has four rating offices located at Mumbai, Delhi, Chennai and Kolkata. Fitch is recognised by Reserve Bank of India, Securities Exchange Board of India (SEBI) and National Housing Bank.

"We are delighted to be part of the NASDAQ-100 index," said Mr. V. Balakrishnan, CFO, Infosys Technologies. "It is a very important milestone for the company and is part of our journey to become a mainstream stock, globally."

Today, businesses are becoming global and the world is becoming flat. Corporates need to be innovative, flexible and competitive to succeed in this challenging environment. Infosys, with its next-generation business model, is in the forefront of being a transformation partner to its global clients to help them compete in a flat world. The inclusion of Infosys in the NASDAQ-100 index is testimony to its competitive business model and leadership position in this industry.

"The Indian economy is growing fast and leading global growth. Being a global company headquartered in India, our inclusion in the NASDAQ-100 index is a great recognition not only for Infosys but for the whole country,” said Mr. Kris Gopalakrishnan, President, COO and Joint Managing Director, Infosys Technologies.

Source: Press release distribution via India PRwire

About Infosys Technologies

Infosys Technologies Ltd. (NASDAQ: INFY) provides consulting and IT services to clients globally - as partners to conceptualize and realize technology driven business transformation initiatives. With over 49,000 employees worldwide, we use a low-risk Global Delivery Model (GDM) to accelerate schedules with a high degree of time and cost predictability.

As one of the pioneers in strategic offshore outsourcing of software services, Infosys has leveraged the global trend of offshore outsourcing. Even as many software outsourcing companies were blamed for diverting global jobs to cheaper offshore outsourcing destinations like India and China, Infosys was recently applauded by Wired magazine for its unique offshore outsourcing strategy — it singled out Infosys for turning the outsourcing myth around and bringing jobs back to the US.

Infosys provides end-to-end business solutions that leverage technology. We provide solutions for a dynamic environment where business and technology strategies converge. Our approach focuses on new ways of business combining IT innovation and adoption while also leveraging an organization's current IT assets. We work with large global corporations and new generation technology companies - to build new products or services and to implement prudent business and technology strategies in today's dynamic digital environment.