The bank is targeting to become one of the top credit card issuers. The bank plans to issue 15 lakh credit cards in the next 3 years. Their main target for spreading this Credit Card stuffs is over the salaried & self-employed youths.

Kotak is issuing Visa Gold card with 10% cash back, which can be availed for free , but he other two plans , viz League Visa Platinum cards and Royale Visa Signature card, includes one time fee. Also a new plan has been launched, which ensures no processing fee is paid during the first 3 months usage of the cards.

For more detail on kotak credit cards log on to http://www.kotakcards.com

Source: Press release distribution via India PRwire

In addition to the new round of funding, Vanu, Inc. is pleased to announce the addition of two new board members, Bruce Sachs of Charles River Ventures who has been a board observer for the past year and Promod Haque, managing partner of Norwest Venture Partners. They join fellow board members Reed Hundt, a former FCC Chairman; Clay Christensen, a Harvard Business School Professor and noted author; Andy Beard, Chief Strategy Officer of Vanu, Inc. and Vanu Bose, President and CEO.

Vanu, Inc. grew out of groundbreaking research in software radio at MIT and was founded in 1998. It is the developer of the Anywave Base Station, the first U.S. Federal Communications Commission (FCC)-certified software radio. Anywave’s software-only design runs on commercial off-the-shelf servers, rather than expensive proprietary hardware. In addition, it is the only Radio Access Network (RAN) product to simultaneously support multiple cellular waveform standards on the same platform. Anywave has been deployed by cellular operators in the United States and Canada. Additionally, current evaluations are underway in India and other international markets.

“Vanu’s innovative technology clearly delivers a unique value proposition to wireless carriers,” said Promod Haque, managing partner at Norwest Venture Partners. “Nowhere is this needed more than in India. The combination of explosive market growth and low ARPU requires new and innovative infrastructure solutions. We are extremely impressed with the Vanu executive team and the company’s traction to date. We believe Vanu is well positioned to capture the leadership position in this rapidly growing global market.”

“Vanu’s technology transforms the wireless infrastructure industry into an upgradeable software and services business delivered on commodity hardware,” stated Bruce Sachs, partner at Charles River Ventures. “We continue to be impressed by Vanu’s recent advancements, I am excited to join the board of directors and look forward to working with the Vanu team to expand the company.”

“We are privileged to work with quality investors such as Norwest Venture Partners and Charles River whose industry and market expertise will facilitate our strategic growth as a company,” said Vanu Bose, President and CEO of Vanu, Inc. “We are extremely excited about the growth prospect and market traction we have seen in India, and this investment gives us the ability to meet that demand.”

Source: Press release distribution via India PRwire

About Vanu

Vanu, Inc. is the developer of the Anywave® Base Station, the first U.S. Federal Communications Commission (FCC)-certified software radio for both CDMA and GSM standards. The company delivers Anywave radio access network solutions, licenses its software, and provides design consulting to service providers, system integrators, and wireless OEMs. Founded in 1998, Vanu is based in Cambridge, MA, with additional offices in India. For more information, please visit www.vanu.com

About Charles River Ventures (CRV)

Founded in 1970, Charles River Ventures is one of the nation’s oldest and most successful early-stage venture capital firms with approximately $2.1 billion under management. CRV is dedicated to helping exceptional entrepreneurs turn their ideas into the next category leaders in high growth technology and media sectors. Over the past 10 years, CRV funds have been ranked among the industry’s top performers. CRV has offices in Boston, MA and Menlo Park, CA. For more information, visit www.crv.com.

About Norwest Venture Partners (NVP)

Norwest Venture Partners (NVP) is a global venture capital firm that has actively partnered with entrepreneurs to build great businesses for more than 45 years. NVP focuses on investments in information technology including: software, services, enterprise and communications systems, semiconductor/components and Internet, media and consumer. The firm currently manages more than $2.5 billion in venture capital out of its office in Palo Alto, California, Mumbai and Bangalore, India.

Managing Partner Promod Haque has been ranked as a top dealmaker on the annual Forbes Midas List for the past three years. In 2004, Forbes named him as the #1 venture capitalist worldwide based on performance over the last decade. NVP has funded over 450 companies in the U.S. since inception, as well as several direct investments in India and more than 20 cross border companies. For more information, please visit www.nvp.com

Remit2India has an extensive distribution network in countries including United States, Canada, United Kingdom, Europe and Australia.

Remit2India has an Features of Secure from Viruses, Secure from Hacking and Secure from Denial of Service attack. Remit2India, in association with ICICI Lombard General Insurance Co. Ltd, provides you with a Money Insurance Guarantee- a first ever in the industry.

Remit2India.com is a Times of India Group Company. As a web-based service, it has constantly been cutting edge. It is the only service that allows online debits to remitter accounts with any of 12,000 banks in the United States and Standing Instructions for future remittances. It was also the first money transfer service to offer online tracking a la courier shipments, free personal messages to beneficiaries up any NRE account in India, an annual subscription plan and even a Rewards Plan modeled on airlines' miles. For more information, visit http://www.timesofmoney.com

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The Board has also proposed to appoint Mr. Harish Singh as Executive Director of the Company in its above meeting.

The Board has also accorded in principle approval for the amalgamation of Unnati Financial Services Private Limited, New Delhi with the Company, subject to approval of the Scheme of Amalgamation by the Board of Directors of the two companies.

Announcing the split, Mr. Sunil Agarwal, Managing Director of S. E. Investments Ltd. said, “We are actively pursuing growth opportunities in the fast growing financial services sector in the country. As a professionally managed and growth-oriented company, we have posted consistent growth inspite of stiff competition and stringent regulatory changes through a constantly updated product portfolio.”

S. E. Investments Ltd. posted a whooping 149% jump in its Net profits for the quarter ended June 30, 2008 to Rs. 292.09 lacs, up from Rs. 117.48 lacs for the same period in the last fiscal.

Source: Press release distribution via India PRwire

About S. E. Investments Ltd.

Headquartered in Uttar Pradesh, S. E. Investments Ltd. (SEIL) is an upcoming financial services company that emphasizes on micro credit. SEIL promotes micro credit to Women and Self Help Groups (SHGs) in both urban and rural areas. By enhancing the employability and income of women, SEIL is alleviating the poverty and living conditions of people at both macro and micro levels. To fund its operations, SEIL has tied up with leading financial institutions of the country. Credit facilities are enjoyed from Punjab National bank, ICICI Bank, SIDBI, IREDA, HDFC Bank and Axis Bank.

The company has also invested in alternate energy in Karnataka and Rajasthan. It has installed 2.40 MW Enercon make Wing Energy Generators (WEG) at Chitradurga, Karnataka. Another 0.80 MW Enercon make WEG is set up near Jaisalmer in Rajasthan.

Head quartered in Mumbai, LCL Logistix’s core product and service offering includes tailored containerised logistics solutions to all major destinations globally. In addition, LCL Logistix offers fixed weekly Less Than Container Load and project cargo handling services to all major corridors. LCL Logistix operates multiple warehouses at Mumbai, Nagpur and Haldia and New Delhi. LCL Logistix recently inaugurated its 80,000 square meter state-of-the-art CFS in Pipavav and operates a CWC owned CFS at Adalaj, Ahmedabad. LCL Logistix is in advanced planning stages of opening two additional CFSs in key demand locations in India.

Tuscan Ventures Pvt. Ltd specializes in value creation through operational excellence in supply chain, logistics and transportation infrastructure. With offices in Mumbai and Singapore, Tuscan Ventures’ unique value proposition is to build operating businesses within the wider shipping, logistics and transportation sector in India and South East Asia, while making strategic financial investments which are synergistic to its operating businesses. Tuscan Ventures has over 40 years of combined in-house experience in the global maritime and logistics sector including container shipping, ports, supply chain management, vessel operation and management.

For more information, please visit www.tuscanventures.com

Source: Press release distribution via India PRwire

Tuscan Ventures Pvt. Ltd specializes in value creation through operational excellence in supply chain, logistics and transportation infrastructure. With offices in Mumbai and Singapore, Tuscan Ventures’ unique value proposition is to build operating businesses within the wider shipping, logistics and transportation sector in India and South East Asia, while making strategic financial investments which are synergistic to its operating businesses. Tuscan Ventures has over 40 years of combined in-house experience in the global maritime and logistics sector including container shipping, ports, supply chain management, vessel operation and management.

For more information, please visit www.tuscanventures.com

KSK Energy Ventures Limited was established in 2001 to capitalize on the emerging opportunities in the Indian power sector and focus on developing, operating and maintaining power projects.

The Company proposes to utilize the net proceeds of the Issue to part fund its investment in Wardha Power Co. Pvt Ltd, either directly, or through KSK Electricity Financing India Pvt Ltd, to finance the equity component of the 1,800 MW coal-based thermal power plant at Chhattisgarh. KSK Energy Ventures Limited has received an aggregate Rs. 415.34 crore pursuant to subscription in the Pre-IPO placing of Equity Shares at Rs.240/- per share by:

1. Macquarie Bank Limited, United Kingdom,

2. Tree Line Asia Master Fund (Singapore) Pvt. Ltd, Singapore,

3. GE Capital (International), Mauritius,

4. Universities Superannuation Scheme Limited, United Kingdom,

5. Infrastructure Development Finance Company Limited, India and

6. Axis Bank, Limited, India

KSK Energy Ventures has operational power plants capable of generating 144 MW of power, and power projects under construction that are capable of generating an aggregate of 675 MW of power. It has entered into multiple PPAs with captive consumers. The Company has three power projects under development and five planned projects that are capable of generating an aggregate 8,318 MW of power.

The Company supplies power to a combination of industrial and state-owned consumers in India.

Disclaimer
KSK Energy Ventures Ltd is proposing, subject to market conditions and other considerations, a public issue of the equity shares and has filed the Red Herring Prospectus with Registrar of Companies (ROC), Hyderabad. The Red Herring Prospectus will be available on the website of SEBI at www.sebi.gov.in, the website of the Book Running Lead Managers at www.kotak.com, www.sski.co.in, www.morganstanley.com/indiaofferdocuments, www.edelcap.com, www.axisbank.com and the website of the Company at www.ksk.co.in.

This press release does not constitute or form part of any offer or invitation to sell or issue, or any solicitation of any offer to purchase or subscribe for, any equity shares, nor shall it or any part of it nor the fact of its distribution form the basis of, or be relied on in connection with, any contract or investment decision.

The Equity Shares have not been and will not be registered under the US Securities Act (“the Securities Act”) or any state securities laws in the United States and may not be issued or sold within the United States or to, or for the account or benefit of, “U.S. persons” (as defined in Regulation S under the Securities Act), except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act.

Any potential investor should note that investment in equity shares involves a high degree of risk. For details, see the section titled “Risk Factors” of the Red Herring Prospectus, which has been filed with the Registrar of Companies.

Source: Press release distribution via India PRwire

The Company proposes to utilise the net proceeds of the Issue to part finance its Rs 5500 lacs expansion plan. The plan cover expansion of existing facilities and establishment of new centers with latest technology. To fund this plan, Lotus expects to raise Rs 4200 lacs through the public issue, it has tied up Rs 999.54 lacs of term loans from banks and raises remaining Rs 300.46 lacs through internal accruals.

Lotus plans to strengthen its presence in southern part of India by providing three fold services in eye care industry. It proposes to set up 2 Primary Eye Care units in Bangalore and 1 unit in Chennai with focus on diagnosis and dispensation of simple eye problems and optical sales. Further, Secondary Eye Care centers will be opened at R.S. Puram, Tirupur and Karur and a Tertiary Eye Care center at Salem. It has already bought land at R.S.Puram on which work of construction is in process. The construction at Peelamedu and R.S.Puram has already been commenced. The construction of hospital at Tirupur, Salem and Karur will be commenced after acquisition of suitable land. The Company also intends to set up more eye care centers in different parts of the country.

Lotus Eye Care Hospital Ltd, promoted by renowned eye surgeon Dr. S.K.Sundaramurthy, at present has a network of four eye care hospitals based at Coimbatore (2), Salem (1) and Tirupur (1). These hospitals have hitec eye care equipments and ophthalmic experts backed by well-trained paramedical and administrative team. All the centers have fully computerized modern setup manned by medical and administrative staff. The network of eye care hospitals has 9 operation theatres and 3 lasik laser equipments and total bed strength of all the centers is 120 beds excluding eye camp beds.

In 1998 Lotus introduced Multi Scan Lasik and in 2002 Wave front based Esiris Custom Lasik for the first time in India. Lotus was the first Eye hospital in South East Asia to have Epilasik in July 2004. In June 2005 Lotus introduced the most advanced technology of Zyoptix and combined two superior technologies Epilasik and Zyoptix known as Zyoptix Integrated Epilasik to achieve supervision. During the calendar year 2007, they performed over 4200 nos of various surgeries as cataract, Lasik/Epilasik, corneal, vitreo-retinal, squint, oculoplastic and orbital. All imported hi-end surgical equipments with latest laser technology is used in all the units.

The sources of income for the Company are from outpatient, daycare and inpatient hospital services and retail sales in the pharmacy and opticals. During 2006-2007, the Company reported a net profit of Rs.128.67 lacs on total income of Rs.729.90 lacs. During the nine months period ended 31st December 2007 it reported a net profit of Rs.158.79 lacs on total income of Rs. 897.27 lacs.

Lotus is affiliated to National Board of Examination (NBE) a government body for post-graduate training in ophthalmology. Lotus group has been authorized to educate and train 4 candidates in a year for post-graduate ophthalmology. Lotus also offers fellowship-training programme for fresh and practicing ophthalmology in cataract with IOL surgery, Lasik/Epilasik surgery, vitro-retinal surgery, Pediatric ophthalmology and corneal surgery. An optometry institute affiliated to Dr.Alagappa University, Karaikudy is run by group concern LVRT for courses in Bsc.(Optometry) and Diploma in Ophthalmic Technologies.

Lotus had conducted International ophthalmic conference in Sea Cruise, a Luxury Liner which started its journey from Mumbai and went to Lakshadeep via Goa. The conference was attended by internationally reputed Opthalmic surgeons for a period of 5 days. It was the first time the medical conference was held on sea. For that the name of Lotus has entered into Limca book of records.

Disclaimer

Lotus Eye Care Hospital Ltd is proposing, subject to market conditions and other considerations, a public issue of the equity shares and has filed the Red Herring Prospectus with Registrar of Companies (ROC), Chennai. The Red Herring Prospectus will be available on the website of SEBI at www.sebi.gov.in, the website of the Book Running Lead Manager at www.keynoteindia.net, and the website of the Company at www.lotuseye.org.

This press release does not constitute or form part of any offer or invitation to sell or issue, or any solicitation of any offer to purchase or subscribe for, any equity shares, nor shall it or any part of it nor the fact of its distribution form the basis of, or be relied on in connection with, any contract or investment decision.

The Equity Shares have not been and will not be registered under the US Securities Act (“the Securities Act”) or any state securities laws in the United States and may not be issued or sold within the United States or to, or for the account or benefit of, “U.S. persons” (as defined in Regulation S under the Securities Act), except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act.

Any potential investor should note that investment in equity shares involves a high degree of risk. For details, see the section titled “Risk Factors” of the Red Herring Prospectus, which has been filed with the Registrar of Companies.

Source: Press release distribution via India PRwire

About Lotus Eye Care Hospitals:

Located in Coimbatore, Salem and Tirupur, Lotus Eye Care Hospitals are one of the leading eye care hospitals in south India. They not only provide treatment for various eye diseases, but also offer comprehensive preventive measures and educational programs.

Offering comprehensive tertiary eye care and manned by specialist ophthalmic consultants, Lotus Hospitals meet international standards in eye care. Over the last 15 years, Lotus has become a trusted name in eye care and thousands of patients have benefited from it.

Lotus has been the pioneer in inducting latest world-class technologies into our country. Multi scan Lasik, Epilasik, Zyoptix Z100 are some of the technologies introduced by Lotus. Their hospitals are equipped with ultra modern fourth generation instruments, required for critical ophthalmic surgeries.

Cnergyis provides their clientele Software-as-a-Service Plus Service in eRecruitment, Leave Management, Reimbursements, Income Tax, and Online Attendance, ePayslips, web-based Payroll, Statutory Compliance, MIS, Performance Appraisal, Cost Centre Accounting and many other features.

With a record of processing 1.4 lakh employee records per month, Cnergyis has ambitious plans to cater to 50 lakh employees in the next 4 years. Currently Cnergyis caters to large organizations having people spread across 400 locations in India and are planning a separate focus on the SMB market by aligning with existing Payroll service providers.

“We are happy to invest in this ‘lead the way’ and ambitious company. We recognize Cnergyis to have pioneered various services and their approach of using the right blend of technology and processes have lead them to new heights. The business model is based on their insight into the industry and their experience over the past eight years. The very fact that it is lead by experts with over 25 years of experience has provided us the confidence to invest into them” said, Mr. Prashanth Prakash, Partner, Erasmic

“The funding monies will be utilized to invest further into Technology and Marketing. We are happy to have a strategic and management partner in Erasmic and Mumbai Angels. This funding will enable us to provide better services to our clients and we look forward to a rewarding year, said Mr. Prasad Rajappan – Founder of Cnergyis

“We are very upbeat about the SaaS model and having predicted this major shift even 5 years ago, we have an edge over others in implementing it and taking it to the clients, he added.

Source: Press release distribution via India PRwire

About Cnergyis

Erasmic Venture Fund (EVF; www.erasmic.com) is an early-stage Venture Capital fund. EVF has the mandate to invest into early-stage (including cross-border) startups, and brings to bear significant operational experience of its Partners to help portfolio companies. EVF has made investments in companies that are in fairly diverse areas, such as Internet & Mobile, Saas, Retail, Bio-Tech, Knowledge Process Outsourcing, Technology Products, etc.

For more information go to www.erasmic.com

Started in November 2006, the Mumbai Angels is a unique forum where its members may interact and exchange ideas and knowledge. The Mumbai Angels provides a unique platform to start up and very early stage companies by bringing them face to face with successful entrepreneurs, professionals and executives who are interested in and have the funds available to invest in start up companies.

Many members of Mumbai Angels have prior Silicon Valley experience. In addition to the capital of its members, the Mumbai Angels provides access to high quality mentoring, vast networks in India and abroad and inputs on strategy as well as execution.

For more information go to www.mumbaiangels.com

Work on the Nagarjuna Oil Corporation refinery is set to start shortly with the Tamil Nadu Chief Minister, Mr M. Karunanidhi, to lay the foundation stone for the project this month. The 6 million tonnes a year refinery would be the anchor tenant that would provide feedstock for more units to set up petrochemical based industries in the area.

The refinery is expected to go on stream in 33 months after construction work starts. The Rs 4,790-crore project with an equity investment of Rs 1,372 crore is promoted by the Hyderabad-based Nagarjuna Group.

The Nagarjuna Fertilizers holds a 51 per cent stake in the equity and Tata Sons 30 per cent. Other investors include Cuddalore Port Development Company Pvt Ltd holding 10 per cent, the Tamil Nadu Industrial Development Corporation 5 per cent and Uhde, Germany, the balance.

With the Nagarjuna refinery as the anchor tenant, the Tamil Nadu Government has proposed to the Centre to form a PCPIR over 250 sq km, covering Cuddalore and Nagapattinam, according to Mr S. Ramasundaram, Chairman and Managing Director, Tamil Nadu Industrial Development Corporation (TIDCO).

Source: Press release distribution via India PRwire

Nagarjuna Oil Corporation Limited is the flagship company of the Nagarjuna Group, Nagarjuna Oil Corporation Limited (NOCL) is setting up a 6 MMTPA refinery project at Cuddalore in Tamilnadu with an investment of Rs 5000 crores. Nagarjuna Fertilizers and Chemicals Limited (NFCL), a group company of Nagarjuna group along with Tamilnadu Industrial Development Corporation Limited (TIDCO), the investment arm of Tamilnadu Government as a co-promoter, are promoting NOCL. For further details, please visit us at: www.nocl.co.in

In line with the directives given by Honourable Finance Minister, UCO Bank, Chennai Zone will be sanctioning through it's 81 branches atleast 5000 educational loans to various needy students this acadamic year. Needy students may approach any branch of UCO Bank, in Tamil Nadu or email your request to ro.chennai@ucobank.co.in

Source: Press release distribution via India PRwire

Upto 50% of the Issue will be available for allocation to qualified institutional bidders on a proportionate basis, of which 5% shall be available to mutual funds only. Further, up to 35% of the Issue shall be available for allocation on a proportionate basis to non-institutional investors and up to 15% of the Issue shall be available for allocation on a proportionate basis to retail individual investors. The Issue will constitute 26.17% of the fully diluted post issue paid-up capital of the Company.

The Book Running Lead Managers (BRLM) to the Issue are India Infoline Ltd. and SPA Merchant Bankers Ltd. The shares are proposed to be listed on the Bombay Stock Exchange Limited (BSE) and National Stock Exchange of India Limited (NSE).

For other particulars and details of the initial public offering please refer to the DRHP which is available on the website of the BRLMs (www.indiainfoline.com & www.spacapital.com) and SEBI (www. sebi.gov.in)

Source: Press release distribution via India PRwire

Parabolic Drugs which has facilites at Derabbasi and Panchkula near Chandigarh has already established itself with several global pharmaceutical companies as an important supplier for APIs and bulk drugs ranging across several products in the betalactum and cephalosporins range. “The current round of capital raising is a step towards further broadening the product and customer base, and take the company towards its target of crossing Rs. 10 billion in sales over the next couple of years”, said Mr.Pranav Gupta, Chairman and Managing Director of Parabolic.

The company has obtained type II USFDA approval and Certificate of Suitability for some of its products. It is currently in the process of filing several DMFs and CEPs for further strengthening its exposure to the regulated markets both in Europe and US. Going forward, it also plans to enter non beta lactum products in the next 2-3 years. The company has set up a dedicated research and development centre in line with its plan for future growth.

According to Mr K Srinivas, Managing Partner, BTS “Parabolic has, over the years witnessed rapid growth and has become a leading supplier of APIs to its global customers. We are excited about partnering with Parabolic, which has a long term strategy of becoming a preferred supplier of its products to global customers both in the regulated markets in Europe and US. We are bullish on the Indian pharmaceutical sector and its continued sustained growth.”

YES Bank was the sole strategic advisor to Parabolic for the transaction.

Source: Press release distribution via India PRwire

Parabolic Drugs is a leading API company, manufacturing and marketing a broad range of APIs, and catering to Indian and international markets. It is amongst the leading players in the sterile SSP and Sterile Cephalosporin's in India and amongst few players in world to offer Penicillins, Cephalosporins & Steriles under one basket.

It is India’s new age private sector Bank which has built a robust advisory and lending practice including in Life Sciences and offers various products including capital raising, domestic and cross border M&A, in and out licensing and other advisory services.

BTS India Private Equity Fund has reputed multilateral institutions as its sponsors such as ADB, SIFEM, BIO and Taiwan – ICDF amongst others. The fund is a long-term investor in India and partners with its portfolio companies over a span of 4 – 7 years, before exiting.

BTS Investment Advisors Ltd (BTS-IA) is the investment advisor of the fund. BTS-IA is a key financial service provider advising on investments into the Indian markets. BTS-IA has a demonstrated track record of investment advisory services, and is the investment advisor to Swiss Tech Fund. Swiss Tec is sponsored by the Swiss Government in 1997 for funding small and medium scale enterprises in India. BTS-IA is responsible for the building of Swiss Tec portfolio in India. BTS-IA has a dedicated and highly experienced private equity team in Mumbai. The team of five investment professionals based in Mumbai is supported by two investment professionals from Zurich office of BTS group that manages over $800 million in securities in India.

BTS India Private Equity Fund Limited (Offshore Fund) is a limited liability company domiciled in Mauritius offering a tax efficient structure for international investors. The Offshore Fund to invest in an Indian Fund, which extends the investment opportunity to Indian investors. It is one of the leading private equity funds providing growth capital to SMEs in India. Both the Funds are registered with Securities and Exchange Board of India.

The Fund is sponsored by Asian Development Bank, Commonwealth Development Corporation, Swiss government, Belgium Investment Office of Belgium government and ICDF of Taiwan government besides pension funds and large family offices based in Europe.

Parsvnath Developers Ltd. was awarded the development rights under a tender process for the 30, 820 square metres of land area in Kurla, Mumbai, situated on L.B.S. Road on East side, S. G. Barve Marg on North side at Kurla (West). The land from BEST was awarded for planning, designing, constructing and re-modeling a fully equipped Bus Depot, Staff Housing and constructing buildings for commercial utilization (“Project”).

The development activities will be undertaken through a special purpose vehicle under the name of Jarul Promoters & Developers Private Limited (“Jarul”), being a subsidiary of Parsvnath Developers Ltd.

PDL and Jarul have entered into agreements with Yatra Capital Limited and SIREF I (“Investors”), whereby the Investors shall each hold a 15% equity stake in Jarul, on a fully diluted basis. For the purpose of acquiring this stake, Investors will make an investment of Rs 186 crore, thereby valuing the project at Rs 620 crore.

Speaking on the development, Mr. Pradeep Jain, Chairman, Parsvnath Developers Ltd said, “I am glad that Yatra Capital and Saffron India Real Estate Fund I have joined hands with Parsvnath. This is a significant achievement for us as investors’ are showing interest and confidence in our group. We are expanding at a good pace and these developments would further help in our commitment to work towards better results for our investors”.

“Through the SPV, the company is planning to build the complex with state-of-the-art infrastructure setting a benchmark for the area. We are committed to ensure an international quality development within the complex.” Mr. Jain added.

Last year in August, Parsvnath Developers Ltd had also bagged redevelopment project for Mahim Bus Terminus, Mumbai with a developable area of 40,000 sq ft from BEST for commercial and residential utilization along with remodeling of existing bus station.

Source: Press release distribution via India PRwire

About Parsvnath Developers Limited:-

Mr. Ajay Kumar Vij, CEO Dabur Pharma, said “Dabur Pharma is committed to providing high quality anticancer products at cost effective prices. The agreement with GPO has been signed for generic Docetaxel Injection at a very special price. GPO will be importing the product in Thailand and then making it available to needy patients. This agreement is to support the efforts of H. E. the Health Minister of Thailand to provide universal access to essential medicines for patients with low income by way of Compulsory Licensing. The company salutes this humanitarian initiative of the Royal Thai Government and is not looking for economic gains on this deal.”

Dabur Pharma is known to be one of the leading players in the field of oncology and is among the top generic oncology companies in various markets, including in Thailand, Philippines, Malaysia & India. Besides presence in more than 40 countries, the company has strong presence in the US with substantial market shares for Paclitaxel Injection and Irinotecan Injection.

Source: Press release distribution via India PRwire

About Dabur Pharma

Dabur Pharma Ltd. is committed to the discovery, development and marketing of drugs that fight cancer. Dedicated to its mission of making cancer therapy available to more and more people, it has been expanding ever since inception. The Company is the leader in the Indian Oncology market and it offers a complete range of products in this segment spanning across Injectables, Orals, Intermediates and APIs and is present in over 40 countries.

In Hyderabad, Unity is building five towers with basement and podium at Kondapur for Kondapur Tower Pvt Ltd. The contract is worth about Rs 88.26 crores.

Both contracts have to be completed within 18 months. The total unexecuted order book stands over Rs. 2500 Crores

“These orders underline the pan India capability of Unity and at the same time confirms our commitment to providing the best in class deliverables to our clients. We will continue to step up our pace and spread our operations further across the country,” said Mr. Abhijit Avarsekar, Vice Chairman and Managing Director, Unity Infraprojects Limited.

Source: Press release distribution via India PRwire

About Unity Infraprojects Limited

Unity Infraprojects Ltd. provides integrated engineering, procurement and construction services for civil construction and infrastructure sector projects. Besides civil construction, the company’s project expertise includes transportation engineering, irrigation and water supply projects.

Unity is the flagship unit of the Mumbai based KK Group of Companies which has interests across a wide spectrum of businesses such as concrete block manufacturing and quarrying, hospitality and organized retailing industries.

According to Mr G Bala Reddy, SoftPro System's new Chairman, the company is keen to take up embedded solutions in defense industry as there is immense potential in the same. The Company is also keen to tap the business potential arising out of 'offset deals' - the counter trade opportunities that Indian companies get in return for the huge defense contracts bagged by foreign companies. Apart from this, the company will also focus on other outsourcing activities relating to the Power Industry.

Sahasra Investments along with its PACs made an Open Offer of up to 20% of equity shares of SoftPro Systems in November 2007, subsequent to the acquisition of 24, 97, 870 fully paid equity shares constituting 41.64% of the paid up capital of the company.
The formalities for the same were completed by the Merchant Bankers, M/s Ind Global (a subsidiary of E & Y) in the month of March 2008.

Source: Press release distribution via India PRwire

About SoftPro Systems Ltd

Established in the year 1994, SoftPro is a business solutions provider in Banking, Finance, Insurance, Retail, Telecom and Manufacturing Industries. With a wide range of leading – edge technology solutions like Enterprise Portals, Application software development and technology integration, ERP, Business Intelligence and e-Learning solutions the company is currently working with clients in USA, Canada, Netherlands, Norway, Denmark, Kuwait and Saudi Arabia apart from India

An ISO 9001:2000 organization, SoftPro is listed on the BSE, NSE and Hyderabad Stock Exchange. . The company has development centers in Atlanta, GA, USA and Hyderabad, India. SoftPro in in the process of establishing its third development center in Visakhapatnam, India. Web: http://www.softprosys.com

PNC enjoys accreditations, such as ISO 9001:2000 certification for quality assurance and the “SS” (Super Special Class) under the Military Engineer Services for unlimited value of contracts.

In the Fiscal 2007, the company’s revenues stood at Rs. 2564.20 million and they earned PAT of Rs. 132.17 million. They have earned aggregate revenue of over Rs. 4,200 millions from the independent projects and Rs. 776.35 million from the JV projects during fiscal 2005, 2006, and 2007. The Company achieved EBIDTA margin of 14.08% in fiscal 2007.

PNC is promoted by Shri Pradeep Kumar Jain who is the Chairman & MD. PNC has recently been awarded two major projects, one in Dholpur-Morena Section on NH-3 by NHAI & another for development of express highway in Jarora –Nayagaon section on BOT Basis by a SPV by MPRDC. Both the projects are worth more than Rs. 2000 Million each.

Source: Press release distribution via India PRwire

“The Company is proposing, subject to market conditions and other considerations, a public issue of its equity shares and has filed a Draft Red Hearing Prospectus with SEBI. The Draft Red Hearing Prospectus is available on the website of the SEBI at www.sebi.gov.in and the website of the BRLM at www.enam.com. Investors should note that investment in equity shares involves a high degree of risk and for details relating to the same, see the section tilted “Risk factors of the Draft Red Hearing Prospectus”

Commenting on the deal, Mr. Ajeeth P Challani, Managing Director, Saravana Global Energy Limited (SGEL) said, "We are pleased to be associated with investors of such a high pedigree. The investment is a significant milestone, and validates the strength of our company and potential of our business. Our relation with the investors will further enable us to achieve our vision of being a fully integrated, world class power equipment player”

He further added that the investment would be utilized to finance the setting up of a new state of the art high voltage insulator manufacturing facility with a capacity of 24,000 tons per annum. The facility would help it to enter the hollow insulator segment.

Bharat Bakhshi, Partner, Jacob Ballas Capital India Pvt Ltd (JBC), investment advisor to NYLIM India JB Fund, said “SGEL has built good client relationships with leading global original equipment manufacturers (“OEM”s) and engineering, procurement and construction (“EPC”) companies, due to its strong focus on quality, timely deliveries and cost competitiveness. Given the huge investments envisaged in the power sector, we are confident that SGEL will show continued success, and we look forward to being a partner in this success”. Mr Bakhshi has joined the Board of Directors of SGEL.

JBC, based in New Delhi, is the investment advisor to the three India focused private equity funds, New York Life International India Fund (Mauritius), LLC, the New York Life Investment Management India Fund II LLC and NYLIM Jacob Ballas India Fund III, LLC.

Source: Press release distribution via India PRwire

About SGEL

Chennai based Saravana Global Energy Limited is one of India’s leading manufacturers of high voltage electro-porcelain insulators for use in sub-stations, power equipments, transmission and distribution (“T&D”) lines and railway electrification. SGEL supplies its insulators to Original Equipment Manufacturers (OEMs) & Engineering, Procurement & Construction companies (EPCs) and State Electricity Boards (SEBs). SGEL’s current manufacturing capacity is 15,000 tpa headed by Mr. S. Rangaswami, Technical Director.

iXiGO’s rapid growth is a direct result of its disruptive model that allows travelers to search and book directly on airline sites, saving them time and money while reducing distribution costs for airlines. A comprehensive study conducted by the firm discovered that more than 80% of the time, big online travel portals sell tickets at a higher price than the airline’s own website. The study also confirmed iXiGO’s ability to discover more route combinations between smaller towns like Guwahati – Hyderabad or Bangalore – Ranchi.

“Online travel purchases are driving the expansion of e-commerce in India. With an increasing number of online travel vendors, a comprehensive and transparent search engine is becoming a strong need for value-conscious Indian travelers. We were impressed by iXiGO’s unique technology, strong organic growth and its passionate team’s seasoned understanding of the space. We strongly believe that iXiGO’s approach to online travel will become the dominant model very soon”, commented Mr. Klippgen. Mr. Klippgen co-founded Zoomit.com which merged with Kelkoo to form Europe’s leading price-comparison mega-portal. Kelkoo was acquired by Yahoo! in 2004 for more than US $550 million.

“Travel search is the future. BAF Spectrum shares our philosophy and brings a wealth of skills, resources, and experience to iXiGO. We are betting big on hotels to power the next phase of our growth and this relationship will assist us in our rapid brand-building efforts across India”, said Mr. Aloke Bajpai, Founder & CEO of iXiGO. Launched in June 2007, iXiGO has been named as one of the most innovative startups in the world by Red Herring magazine and NASSCOM.

Source: Press release distribution via India PRwire

ABOUT iXiGO.com:

iXiGO.com ® is India’s leading online and mobile travel search engine based out of Gurgaon. Launched in June 2007, iXiGO has been recognized by various national and international awards for its unique market approach, product usability, and passionate management team. iXiGO is driven by an entrepreneurial team of young IITians and INSEAD MBAs. For more information about iXiGO please visit www.ixigo.com .

About BAF Spectrum Pte Ltd:

BAF Spectrum invests in fast-growing and highly scalable Asian companies with a world market potential. The Singapore-based fund has committed more than US $14 million for early-stage ventures; partly financed through the Business Angel Scheme (BAF) operated by SPRING SEEDS Capital, a government-linked agency. Spectrum’s seven executive directors from Asia and Europe represent an unusually wide cross-section of business experience. For more information about BAF Spectrum and director profiles, visit www.bafspectrum.com.

Media Contact
Shivraj Parshad - The Practice
Email: shivraj@the-practice.net
Mobile: +9811100646 / 9350211270
Visit us at: http://www.the-practice.net

Kijiji India (http://www.kijiji.in/) is a simple, easy-to-use and convenient platform that meets the personal needs of the local community in a city. Kijiji can help you to buy or sell a used car, look for an apartment on rent, buy or sell a house, look for a job or hire people, and much more. In India, Kijiji launched in November 2005 & is now present in 12 cities – Mumbai, Delhi, Bangalore, Chennai, Hyderabad, Kolkata, Ahmedabad, Coimbatore, Chandigarh, Kochi, Mysore and Pune.

“To win local classifieds in India, it is necessary to build out a local platform, with a strong partner that can provide deep insight and access to the local market.” said Rajan Mehra, Country Manager, eBay India. “We are delighted to work with Matrix Partners India to continue to grow Kijiji India. With their proven track record of investing in early stage businesses and building companies that people across India will trust and rely on, we believe we have the best possible partner in Matrix Partners India.”

“Our investment in Kijiji India demonstrates our continued focus on early stage investing in addition to our growth stage focus.” said Avnish Bajaj, Co–founder and Managing Director, Matrix Partners India. “We have been following the early success of Kijiji with small businesses and local communities with great interest and look forward to working with the start up team to scale its offerings and successfully grow the business.”

Further terms of the agreement were not disclosed. eBay Inc. does not expect this acquisition to have a material impact on its 2008 financial guidance issued in conjunction with its fourth quarter earnings release on January 23, 2008.

Source: Press release distribution via India PRwire

About eBay Inc.

Founded in 1995, eBay Inc. connects hundreds of millions of people around the world every day, empowering them to explore new opportunities and innovate together. eBay Inc. does this by providing the Internet platforms of choice for global commerce, payments and communications. Since its inception, eBay Inc. has expanded to include some of the strongest brands in the world, including eBay, PayPal, Skype, Shopping.com, and others. eBay Inc. is headquartered in San Jose, California.

About Matrix Partners India

Matrix Partners India is a venture and growth capital investment firm with $450 million under management. The firm invests in companies primarily targeting the Indian domestic market with a sector independent investment strategy focused on generating exceptional returns. The firm invests up to $50 million in a company depending on its stage of development and has invested in several companies including asklaila, BMI, itzcash Card, Seventymm and Yo! China. The fund’s investors include leading US university endowments and family foundations. Further information is available at http://www.matrixpartners.in/

The bank has demonstrated strong growth along all its businesses. Advances grew by 60% and deposits by 65% over those at the same time last year. The bank continues to maintain a strong momentum in earnings growth as well as growth across all its core businesses.

As on December 31, 2007 mortgages formed the largest component of the Bank’s retail asset portfolio at Rs. 28,739 million demonstrating a growth of 83%, mortgages now constitute 32% of the Bank’s net retail advances as compared to 24% last year. Personal loans constitute 20% of the Bank’s retail asset portfolio while two wheelers and commercial vehicle & construction equipment loans now form 31% of the bank’s retail asset portfolio as compared to 44% last year.

Significant growth in the Bank’s wealth management business has led to a growth of 57% in the Bank’s non-interest income this quarter.

Profitability

The net profit for the Bank has grown sequentially by 16% over the previous quarter, and 44% over the corresponding quarter of the previous year. While the bank’s operating profit for the quarter grew by 108% over the corresponding quarter of the previous year.

For the quarter ended December 31, 2007 (Q3 FY2008), Net Interest Income increased by 38% over last year (Q3 FY2007) to Rs. 1,900 million. Net Interest Margin for the quarter ended December 31, 2007 (Q3 FY2008) was 3.6% an increase over 3.5% in the previous quarter (Q2 FY2008).

Non Interest Income for the quarter ended December 31, 2007 (Q3-FY2008) increased 57% to Rs. 1,600 million. An increase in fees & commissions from wealth management, core banking, retail assets and foreign exchange businesses contributed to this growth. Fee income constitutes 46% of the Bank’s total income for the quarter.

The total income for the bank grew by 46%. The growth in operating costs for the Bank has shown a decline of 13% as compared to the corresponding quarter last year. This has led to an improvement in the bank’s cost to income ratio to 63% this quarter as compared to 74% last year. The cost income ratio for the bank in the previous quarter (Q2- FY2008) was 71%.

Asset Quality

The ratio of the net Non-Performing Loans of the bank to net customer assets stood at 1.7%. The NPA provisioning continues to remain much higher than that stipulated by the Reserve Bank of India.

Deposits

The deposits at Rs. 207,100 million grew 65% over those at the end of the corresponding period last year. The cost of deposits for the quarter ended December 31, 2007 has reduced to was 7.3% from 7.5% in the previous quarter (Q2 FY2008). Low cost deposits (CASA) for the Bank remained steady at 24.5% of the total deposits.

Capital Adequacy and Net Worth

The Bank’s capital position remained healthy, total capital as a percentage of its risk weighted assets was 11.5% of which the Tier I capital adequacy ratio was 10.0% and the Tier II capital adequacy ratio was 1.5%. The net worth of the Bank at the end of the quarter (Q3-FY2008) was Rs. 19,633 million.

Book Value per share and Earnings per share

The Bank’s book value per share increased to Rs. 10.5 and its EPS (non-annualized for the quarter) was Rs. 0.26.

Merger with Lord Krishna Bank

The process of integration of the operations of both banks is well underway and is expected to be completed in all significant aspects by the end of the current financial year. As the integration of the erstwhile LKB is completed and the bank increases its size and scale the efficiency of its operations will continue to improve.

Source: Press release distribution via India PRwire

About Centurion Bank Of Punjab

Centurion Bank of Punjab is one of the leading new generation private sector banks in India. The bank serves individual consumers, small and medium businesses and large corporations with a full range of financial products and services for investing, lending and advice on financial planning. The bank offers its customers an array of wealth management products such as mutual funds and life and general insurance and has established a leadership 'position'. The bank is also a strong player in foreign exchange services, personal loans, mortgages and agricultural loans. Additionally the bank offers a full suite of NRI banking products to overseas Indians.

On 29th August 2007, Centurion Bank of Punjab merged with Lord Krishna Bank (LKB), post obtaining all requisite statutory and regulatory approvals. This merger has further strengthened the geographical reach of the Bank in major towns and cities across the country, especially in the State of Kerala, in addition to its existing dominance in the northern part of the country. Centurion Bank of Punjab is planning to build upon the strong brand attributes of both banks in their respective geographies.

Centurion Bank of Punjab now operates on a strong nationwide franchise of 394 branches and 452 ATMs in 180 locations across the country, supported by employee base of over 7,500 employees. In addition to being listed on the major Indian stock exchanges, the Bank’s shares are also listed on the Luxembourg Stock Exchange.

For further information, please contact:

Pushkar Gupta
Centurion Bank of Punjab
Tel.: (022) 67540888

Radha Sajnani / Supriya Sonde / Khantil Shah
Vaishnavi Corporate Communications
Tel.: (022) 6656 8787 Mobile: (0) 98214 35679 / 98670 35854 / 99676 47191
Email: rsajnani@vccpl.com / ssonde@vccpl.com / khantils@vccpl.com

The PBT was Rs.0.85 Crs in this period, as compared to Rs.2.01 Crs reported during the corresponding quarter of the last year. The PAT at Rs.5.05 Crs (post extraordinary items of Rs.5.73 Crs) was higher compared to Rs.1.74Crs during the corresponding quarter of the last year.

While maintaining its position in DMPs in India, TVS-E is expanding the offerings into full range transaction products and solutions, focused on the fast growing Indian retail market. Towards this, an in-house developed bill printer Jus’Bill was launched this quarter in a few markets targeting the small retailers and the response from the market has been extremely good.

Commenting on the company’s performance, Mr. Gopal Srinivasan, Director, TVS Electronics said, “Core business focus on driving efficiencies in supply chain and continuous cost improvement programs helped the business to improve profitability over the corresponding period last year as well as JAS 2007. The launch of Jus’Bill bill printer is the first of a series of products that have been lined up in our expansion into full range transaction products & solutions”.

Source: Press release distribution via India PRwire

About TVS Electronics:

TVS Electronics Limited, a part of the 96-year-old TVS Group is one the largest manufacturer of Computer Peripherals in the country. The range of offerings includes Products - Dot Matrix printers, Keyboards, Printing Supplies & Transaction Solutions.

TVS-E has a large distribution and service network, which reaches over 450 towns across the country with two National Distributors, more than 200 Regional Distributors and over 3,000 Authorized Dealer Partners. The company has manufacturing facilities in Himachal Pradesh, Uttarakhand and Chennai.

Media Contact:
Kheman / Nupur
Good Relations (India) Pvt. Ltd.
Ph: 011-40669900
Email: kheman@gri.co.in / nupur@gri.co.in

Newgen is a provider of enterprise solutions for Business Process Management and Content Management in Banking, Financial Services and Insurance (BFSI), Business Process Outsourcing (BPO), and the Telecom and Government segments. The company has a substantial market share in emerging economies, viz. India, the Middle East, Africa, and South East Asia. Newgen is now looking at tapping new markets in North America, Latin America, Western & Central Europe, Central Asia and the Far East.

Speaking on this investment by the HSBC fund, Mr. Diwakar Nigam, MD & CEO of Newgen said, “Our company has been growing at the rate of 50-60 per cent in products and solutions business over the last three years. We have been working with more than 30 large BFSI customers on a continual basis. With HSBC on board, we look forward to replicating our success in new markets and maximizing shareholder value through our highly scalable product-based business model.”

According to James Savage, Investment Director of HSBC Private Equity Asia, “Newgen is one of a few sizeable software product companies in India, which has established a blue chip client base. Newgen is able to deliver outstanding value to its customers based on the intellectual property it has developed. The worldwide market for business process management and content management solutions is expected to experience strong growth over the medium term. We believe that Newgen is well positioned to benefit from this opportunity. HSBC Private Equity Asia will assist Newgen in its business development through our extensive network and reach in overseas markets.”

“India represents a core market for private equity investments for our funds. We will continue to look for other attractive investment opportunities here.” He added

Source: Press release distribution via India PRwire

About Newgen Software

Newgen Software Technologies Limited is a market leader in Business Process Management (BPM) and Enterprise Content Management (ECM), with impeccable track record of implementing mission-critical workflow and document imaging solutions. Newgen has a global footprint, with an installation base of more than 700 customers in over 25 countries. More than 40 of our customers are Global Fortune 500 companies. Having domain expertise in Industry verticals such as Banking, Financial Services, Insurance, BPO, Telecom, e-Governance and Manufacturing among others, Newgen is known as one of the fastest implementers of BPM solutions in the world.

The Sales and Support offices of Newgen span across major cities in Asia, North America, Europe, Africa and the Middle East. Winner of several awards such as Frost and Sullivan’s Market Leadership Award for Document Management and Workflow Software & Services for 2006 and Distinguished Application Product Company by NASSCOM, Newgen Software is an ISO 9001:2000 certified and CMM Level 4 company.

About HSBC Private Equity Asia

HSBC's Asian private equity operations were established in 1988 in the Hong Kong SAR by HSBC Private Equity (Asia) Limited (HPEA), the Asian private equity arm of the HSBC Group. HPEA advises both expansion capital and mid-sized buyout private equity funds as well as technology-oriented venture funds. Over its history, HPEA has advised five private equity funds and two venture funds. These funds seek to achieve long-term capital appreciation for investors. The private equity funds focus on mid-size expansion capital and buy-out transactions in Asia with investment sizes ranging from approximately US$30 million to US$100 million. The venture funds focus on transactions ranging from approximately US$5 million to US$20 million involving small and mid-sized technology companies with significant interests in Asia.

For further information, contact:
Hareish Gur James Savage
Newgen Software Technologies Limited HSBC Private Equity (Asia) Limited
Tel: +91-11-26815467 Tel: +852 2841 8315
hareish@newgensoft.comjamessavage@hsbc.com.hk

Welcoming the announcement, Minister of State and Clare T.D. Mr. Tony Killeen, said the enhancement of the school's library facilities would prove to be of huge benefit to teachers and students alike.

"I have no doubt that modern school library facilities can have a positive impact on the academic development of students, particularly at primary level. Meanwhile, a well-equipped library can greatly assist teachers in implementing the school curriculum", explained Minister Killeen.

He added that the Government remained committed to counteracting educational disadvantage throughout Clare.

"By investing in the infrastructure of schools across the county, the Government is helping to enrich the learning environment for children. For Scoil Christ Rí in Ennis I hope that improvements to the school library will help students to learn while enabling them to develop a love for books", added Minister Killeen.

Source: Press release distribution via India PRwire

“Enhancing reputations–Increasing exposure–Increasing understanding”

Founded in 2006, Dunphy Public Relations is a communications group led by Mark Dunphy from County Clare. Mr. Dunphy previously held the position of ‘Head of News and Current Affairs’ in Clare FM Radio.

Dunphy Public Relations has secured extensive local, national and international media coverage for clients including Clare County Council; Supply Network Shannon; The Atlantis Holiday Group; Shannon Town Council; Cliffs of Moher New Visitor Experience; Clare Museum; Digino Marketing; Renewable Energy Skillsnet; Magico.ie; Kilrush Town Council; Clonlara Wholesale; Minister for Labour Affairs, Tony Killeen; Clare County Library; and Ennis Town Council.

iPort™ is a comprehensive and fully integrated port operation management solution that supports the entire gamut of port operations ranging from marine operations, cargo & container operations, yard operations, cargo delivery to billing of all services rendered by the port. iPort™ integrates the entire port operations with optimal planning, co-ordination and management of port resources to provide a seamless service chain to the port users community. iPort™ currently manages the three ports under the Sharjah Ports Authority.

According to VK Mathews, Chairman & CEO, IBS Group, “Our experience and expertise in the transportation and logistics arena is our key strength behind building functionally and technologically superior software products. We are certain that iPort™ will ensure improved service levels and revenue. We look forward to a long lasting relationship with the Maldives Ports Authority”.

Mr. Mahdi Imad , Managing Director, Maldives Port Authority said “iPort™ will help us manage our resources optimally while helping us adapt to changing business needs at a time when we are looking to emerge as a prominent port services provider that caters to the needs of national and regional trade . iPort™’s unique feature of being customisable to our business challenges has been its winning point. We look forward to the successful implementation of iPort™ and to a productive partnership with IBS.”

Source: Press release distribution via India PRwire

About iPort™
iPort™ consists of a generic suite of modules, which cohesively address all the core operational requirements of seaports. Separate modules cater to the marine operations, cargo operations, commercial and engineering maintenance requirements of ports. iPort™ provides scalability to suit specific needs as port operations increase in size and complexity. Selective role based access to the application for remote and corporate users ensure data privacy and security.

About Maldives Ports Authority
Maldives Ports Authority (MPA) was established in September 1986. MPA handles all the imports and exports in the Republic of Maldives and functions under the Ministry of Transport and Communication. MPA owns, operates, provide services in all the ports in the Republic of Maldives.

About IBS
The IBS Group (IBS) is a leading provider of new-generation IT solutions to the global Travel, Transportation and Logistics industry. A specialist in the domain, IBS offers a range of products that manage mission-critical operations of major airlines, airports, oil and gas companies, seaports, cruise lines and tour operators world-wide. Services from IBS include technology consulting, product development, business intelligence, data warehousing, application development, re-engineering, and maintenance. SEI CMMI Level-5 and PCMM Level 5 assessed, ISO 9001:2000, TickIT and ISO 27001:2005 certified, IBS operates software development centers in Cochin, Trivandrum, Washington DC and London. IBS also operates out of eleven business centers in the Americas, Europe, Asia-Pacific, the Middle East and Africa.

More information about IBS is available at www.ibsplc.com

For media enquiries, please contact:
Satish Nair at +91-471-2700080
email: SatishN@ibsplc.com

According to Mr. Tony Killeen, Minister of State and Clare T.D., "The scheme of Community Supports for Older People provides funding for initiatives aimed at improving the security and social support of older individuals by means of a community-based grant scheme."

Welcoming the funding allocation, the Minister stated, "I am very aware of the hardships that older people can face on a day to day basis. Therefore, I welcome any initiatives that improve confidence, security and comfort levels among older people in our society allowing them to continue to live independently."

"The security devices that older people may now benefit from under this scheme include smoke alarms, the once off cost of installing socially monitored alarm systems, security lighting, and window locks, door locks and door chains designed to strengthen points of entry to dwellings", said Minister Killeen.

The scheme for Community Supports of Older People is administered by local community and voluntary groups and funded by the Department of Community, Rural and Gaeltacht Affairs.

Source: Press release distribution via India PRwire

“Enhancing reputations–Increasing exposure–Increasing understanding”

Founded in 2006, Dunphy Public Relations is a communications group led by Mark Dunphy from County Clare. Mr. Dunphy previously held the position of ‘Head of News and Current Affairs’ in Clare FM Radio.

Dunphy Public Relations has secured extensive local, national and international media coverage for clients including Clare County Council; Supply Network Shannon; The Atlantis Holiday Group; Shannon Town Council; Cliffs of Moher New Visitor Experience; Clare Museum; Digino Marketing; Renewable Energy Skillsnet; Magico.ie; Kilrush Town Council; Clonlara Wholesale; Minister for Labour Affairs, Tony Killeen; Clare County Library; and Ennis Town Council.

"This allocation will enable a total value of works amounting to EUR219,560 to be carried out. The remainder will be paid by the Department of the Environment, Heritage and Local Government and by private contribution from the Group members. A total of 27 households will benefit from the scheme with savings of EUR513 per household", explained Minister Killeen.

He added, "This latest CLÁR funding announcement is a further indication of the Government's commitment to the provision of necessary infrastructure in rural parts of County Clare."

The CLÁR programme is a targeted investment programme for rural areas that suffered more than a 35% drop in population between 1926 and 2002. The programme covers parts of 22 counties and all of Co. Leitrim and benefits a population of nearly 727,000.

CLÁR schemes cover a wide variety of developments such as village, housing and schools enhancement, electricity conversion, roads, water supply, sewerage disposal, health, coastal, sports and community projects.

Source: Press release distribution via India PRwire

“Enhancing reputations–Increasing exposure–Increasing understanding”

Founded in 2006, Dunphy Public Relations is a communications group led by Mark Dunphy from County Clare. Mr. Dunphy previously held the position of ‘Head of News and Current Affairs’ in Clare FM Radio.

Dunphy Public Relations has secured extensive local, national and international media coverage for clients including Clare County Council; Supply Network Shannon; The Atlantis Holiday Group; Shannon Town Council; Cliffs of Moher New Visitor Experience; Clare Museum; Digino Marketing; Renewable Energy Skillsnet; Magico.ie; Kilrush Town Council; Clonlara Wholesale; Minister for Labour Affairs, Tony Killeen; Clare County Library; and Ennis Town Council.

He commented that the funding announcement underlined the Government’s continued commitment to revitalising declining rural areas.

“Significant progress has been made in recent years in terms of improving national infrastructure. This scheme for co-funding non-national roads in CLÁR areas has been extremely successful, and I know that the works that have been carried out to date have been of enormous benefit to the local communities concerned”, Minister Killeen added.

According to Minister Killeen, “Improvement works have been earmarked for roads at such locations as Poulnagun, Lisdoonvarna (EUR28,050); Cloonmore, Ballynacally (EUR25,245); Darragh (EUR35,530); Danganella, Cooraclare (EUR 46,750); Tiermana, Mullagh (EUR 30,668); Ballinruan, Crusheen (EUR 29,920); Beneaden, Lissycasey (EUR 29,920); Cranny (EUR 19,800) and Boloughera, Lissycasey (EUR 36,465).”

“This year for every EUR2 spent by Local Authorities on LIS schemes in CLÁR areas (on non – public roads), the Department of Community, Rural and Gaeltacht Affairs will provide an additional EUR1 from CLÁR funding for works on further LIS roads up to a maximum of EUR500k”, concluded the Minister.

Local Improvement Scheme roads are non-county roads, often leading to houses and important community amenities such as graveyards, beaches, piers, mountains, etc. There must be more than 1 landholder on an LIS road and the road must be open to the public.

The CLÁR programme is a targeted investment programme for rural areas that suffered more than a 35% drop in population between 1926 and 2002. The programme covers parts of 22 counties and all of Co. Leitrim and benefits a population of nearly 727,000. CLÁR schemes cover a wide variety of developments such as village, housing and schools enhancement, electricity conversion, roads, water supply, sewerage disposal, health, coastal, sports and community projects.

Source: Press release distribution via India PRwire

“Enhancing reputations–Increasing exposure–Increasing understanding”

Founded in 2006, Dunphy Public Relations is a communications group led by Mark Dunphy from County Clare. Mr. Dunphy previously held the position of ‘Head of News and Current Affairs’ in Clare FM Radio.

Dunphy Public Relations has secured extensive local, national and international media coverage for clients including Clare County Council; Supply Network Shannon; The Atlantis Holiday Group; Shannon Town Council; Cliffs of Moher New Visitor Experience; Clare Museum; Digino Marketing; Renewable Energy Skillsnet; Magico.ie; Kilrush Town Council; Clonlara Wholesale; Minister for Labour Affairs, Tony Killeen; Clare County Library; and Ennis Town Council.

RG Stone Urological Research Institute, a highly reputed institute for Urology, announced major plans for expansion across India. The first phase includes a super specialty hospital with state of art technology in Goa and four speciality centres in tie up with leading hospitals, which includes S K Soni Hospital, Jaipur, Kamyani Hospital, Agra , Saguna Hospital, Bangalore and Ivy Hospital , Mohali. The projects are expected to be completed by the end of December 07. The second phase, expected to be completed by September, 2008, will see the addition of fifteen centers.

Speaking on the occasion, Dr B.S Bansal, Chairman and Managing Director of RG Stone Urological Research Institute said, "We are happy to announce the launch of our new centres with the state –of –the –art technologies and international standards in other part of the country. The partnership with ICICI Venture will enable us to establish a pan India presence."

According to Mr Aluri S. Rao, Director Investments of ICICI Venture "We are excited to work with RG Stone Urological Research Institute, the pioneers in Urology. The group has a very experienced management team and exceptional surgeons whose expertise is at par with international standards. I foresee them scaling greater heights."

Source: Press release distribution via India PRwire

About RG Stone Urological Research Institute

RG Stone Urological Research Institute is the first super speciality urology institute in India . Urological care in India took a giant step forward in the year 1986 with the establishment of R G Stone in Mumbai. Under the affluent guidance of Dr. B.S. Bansal, Chairman & Managing Director of the group, it mastered the technique of urinary stone management by keeping abreast with the latest medical breakthroughs, state of the art technologies and international standard equipment. The group owns and manages 6 hospitals in New Delhi, Chennai, Mumbai Ludhiana, and 1 Joint Venture Partnership in Kolkata. To its credit the hospital has done than 1,00,000 surgeries till date from India and abroad. The group has been certified by Guinness Book of World Records for treating the Largest Kidney Stone (13 cms) in the world. R G Stone Urological Research Institute is fully equipped with State-of-the-art, U.S. FDA approved and International Standard equipments. The group has achieved ISO 9001:2000 Certificate for Lithotripsy, Endourology, Holmium Laser, Laparoscopic Surgeries and Diagnostics.About ICICI Venture Funds Management Ltd

ICICI Venture, incorporated in 1988, as a wholly owned subsidiary of ICICI Bank, is the largest and one of the most successful private equity and venture capital management companies in India with funds currently under management in excess of USD $ 2 billion.Over the last 18 years, ICICI Venture has been successful in identifying trends well ahead of the curve; be it retail, media and entertainment, information technology, real estate or healthcare, pharmaceuticals and biotechnology. ICICI Venture today has some of the best known and managed companies in India in its portfolio delivering value consistently to its investors

Almondz Global, incorporated in 1994, is one of the leading Investment Banks in India with business portfolio comprising Merchant Banking-Debt Capital Market & Equity Capital market, Private Equity & M&A, Infrastructure advisory and Debt syndication, Wealth management & Private client group. The company has Pan India presence with 20 offices. The Private Equity & M & A team works across the sectors including Healthcare, Retail, Infrastructure, Technology, Real estate & Chemicals.

For Further Information please Contact

Rajat Chandihok / Jerin Verghese

Sampark Public Relations

# 41731526 / 7 / 8

# 9810175728 / 98181117244

Minister Killeen added, "The accommodation is being provided by Kilkee Housing Association Limited, in co-operation with Clare County Council and is for allocation to disabled persons, elderly persons and elderly returning emigrants."

"I would like to praise Kilkee Housing Association Limited and the voluntary housing organisations for the active role they are playing, in co-operation with housing authorities, in the provision of accommodation for the homeless, disadvantaged, people with disabilities, elderly persons and elderly returning emigrants eligible for accommodation under the scheme", concluded the Minister.

Minister Killeen received official confirmation of the allocation from Batt O'Keeffe T.D., Minister for Housing, Urban Renewal and Developing Areas.

Source: Press release distribution via India PRwire

“Enhancing reputations–Increasing exposure–Increasing understanding”

Founded in 2006, Dunphy Public Relations is a communications group led by Mark Dunphy from County Clare. Mr. Dunphy previously held the position of ‘Head of News and Current Affairs’ in Clare FM Radio.

Dunphy Public Relations has secured extensive local, national and international media coverage for clients including Clare County Council; Supply Network Shannon; The Atlantis Holiday Group; Shannon Town Council; Cliffs of Moher New Visitor Experience; Clare Museum; Digino Marketing; Renewable Energy Skillsnet; Magico.ie; Kilrush Town Council; Clonlara Wholesale; Minister for Labour Affairs, Tony Killeen; Clare County Library; and Ennis Town Council.