Wednesday 28 June 2017

Tubacex opens Regional Distribution Centre for Asia in India

L – R : Mr. P V ANAND, GENERAL MANAGER TSS – ASIA, Mr. MANUEL SARABIA FIGUEROA, C.O.O TSS SPAIN – TUBACEX GROUP WORLDWIDE, Mr. AJAY SAMBRANI, MANAGING DIRECTOR – TSS TUBACEX GROUP ASIA AND MIDDLE EAST DURING THE PRESS BRIEFING IN MUMBAI ON 27th JUNE, 2017- HPN
Mumbai, 28 June 2017 (HPN) :Spanish based multinational TUBACEX Group, today inaugurated the ‘Regional Distribution Centre’ at SEZ of Kandla Port. With this, the largest worldwide producer of Seamless Tubes in Stainless Steel and High-Nickel Alloys and provider of Premium Tubular Solutions, has further boosted its presence in India. This Stock and Service Center is part of ‘Tubacex Service Solutions (TSS)– a global master distributor (with already having presence in Dubai, Iran, Spain, France, Austria, Houston and Brazil) is aimed at offering immediate product availability and tailor-made special services to Indian customers.
Tubacex caters its products range to the most critical segments like Oil & Gas, Petrochemical, Chemical, Power Generation, Aerospace and Water Desalination to name a few.
While addressing to media Mr Ajay Sambrani, MD, Tubacex – Asia & Middle East & North Africa said This distribution center will serve the biggest portfolio in Asia of Seamless Stainless Steel Tubes and Pipes including a Hydraulic & Instrumentations and Heat Exchangers stock plan for quick deliveries. With TSS India, we reinforce our commercial positioning in India bringing our tubular solutions closer to our customers with a stock & service center supported by a global network of industrial plants and warehouses integrated in the Tubacex Group worldwide”.
Briefing on a journey of Tubacex in India so far Mr Sambrani further said “Tubacex first established its Asia Sales Office in India in2014, followed by an acquisition of  Seamless Stainless Steel Tube business and manufacturing plant of Steelage India at Umbergaon, Gujarat in 2015. Now in2017, with opening of ‘Tubacex Service Solutions (TSS)’ in Kandala Port with an aim to supply products and tailor-made service to entire Asia continent has made group’s presence complete in India.
Group’s strategic decisions about expansion in India market have helped the Group’s positioning in gaining competitiveness in standard products, whereas reinforcing its TUBACEX positioning in higher added-value products, with particular emphasis on Asia, with the strengthening of the company’s sales team.
TSS India Facilities : Asia has become one of the main markets in TUBACEX Group positioning, where the 69% of the Group’s sales are destined. Its Premium business strategy takes relevance in this market with special focus on the Caspian Sea, where the Tubacex Group has received its largest order to supply umbilical tubes for the Shah Deniz Project, one of the world’s largest gas fields or China, a market in which five orders have been placed recently for new power stations, as well as an important order for Premium tubes for one of the country’s main refineries. These orders also include significant engineering solutions for the end user, such as full tube connection packages and services for gas extraction wells. They represent a qualitative and quantitative leap in terms of client relations and business model conception.
TUBACEX commitment in the country goes beyond its business approach with the launching of a social action program in support of UNICEF to promote Education and access to Water, Sanitation and Hygiene in the schools covering 5 blocks of Palghar district, Maharashtra in India.This agreement is framed within the initiatives of the TUBACEX Foundation and will have a three-year term and it is fully-aligned with the lines of action of UNICEF and the ‘Clean School Clean India’ campaign promoted by the Indian Government.ENDS.

Monday 12 June 2017

JACQUELINE FERNANDEZ LAUNCHES THE BODY SHOP’S BIGGEST CAMPAIGN AGAINST ANIMAL TESTING

Jacqueline Fernandez, Brand Ambassador of The Body Shop - Photo By HPN. 

 Jacqueline Fernandez, Brand Ambassador,The Body Shop India with Shriti Malhotra, COO, The Body Shop India Launches Forever Against Animal Testing Campaign – Photo By HPN.
Mumbai, 12 June,  2017 (HPN) : The Body Shop has today launched a new campaign for a global ban on cosmetics animal testing on products and ingredients by 2020, revolutionizing the beauty industry and protecting millions of animals around the world. Partnering with the leading non – profit organization working to end animal testing, Cruelty Free International, The Body Shop will take the campaign to the highest authority, the United Nations, and request an international convention banning cosmetics testing on animals.
The potential for animal testing is still a huge risk around the world, with over 80% of countries still having no laws against testing in cosmetics. Despite the fact that most countries do not require safety data based on animal tests and reliable alternatives are available and that beauty companies like The Body Shop use innovative and effective cruelty–free ingredients in their products. Cruelty Free International estimates that approximately 500,000 animals are still used in some countries in cosmetics testing every year.
Speaking on the campaign, Jacqueline Fernandez, Brand Ambassador of The Body Shop India says,“Real beauty cannot be  achieved at the cost of harming anyone especially animals. The concept of animal testing for cosmetic brands should be banned. A socially responsible conglomerate would prefer not to implement testing measures that prove hazardous to anyone’s health. That’s why I extend support to The Body Shop’s noble initiative to end this atrocious practice across this industry by launching a campaign to spread a global ban on animal testing of cosmetic products and ingredients. I request you all to sign the petition and save our animals.”
Shriti Malhotra, COO, The Body Shop India says, “We are pleased to say that India was the first country in South Asia to ban Animal Testing in 2013. The Body Shop is proud to be a cruelty free brand and a staunch supporter of effective, modern,  non-animal alternatives to cosmetic animal testing. With our’Forever Against Animal Testing’ (FAAT) campaign we are asking our customers to help us end the unnecessary and out-dated practice of animal testing for good by signing the petition in our stores or on our website.”
Rules on animal testing in cosmetics are currently patchwork, with legislation differing around the world leaving consumers ill informed. Traditional animal tests have never been validated for their use in reliably detecting the safety of cosmetic products and ingredients. There are now modern alternatives such as artificially grown human skin, that are, in the majority of cases, as effective as the animal test they replace and have been validated by authorities.
Jessie Macneil – Brown, Senior Manager International Campaigns and Corporate Responsibility, The Body Shop, says: “The Body Shop passionately believes that no animal should be harmed in the name of cosmetics and that animal testing on products and ingredients is outdated, cruel and unnecessary. This is why The Body Shop and Cruelty Free International have partnered to deliver the largest and most ambitious campaign ever to seek a global ban on the use of animals to test cosmetic products and ingredients.
“This campaign will finish what we both started back in the 1980s.  We are calling on at least 8 million people from every corner of the globe who care about animal welfare to join our cause and sign our petition. We will take this petition to the United Nations to compel them to create a global law a ban animal testing in cosmetic products and ingredients. With an international law enforced, consumers would finally be confident that any cosmetics they buy are cruelty free. It’s time to end animal testing for cosmetics purposes once and for all.  Join us to make it happen.”
Michelle Thew, CEO of Cruelty Free International says: “People are confused about animal testing.  The world over, people want this cruel practice to end, yet existing laws are a patchwork of different rules with some very big gaps. While more and more countries require non-animal safety tests and many have taken steps to prohibit cosmetics testing on animals, there is more work to be done.  Where animal testing is allowed – on both products and ingredients – most countries do not require testing data to be made available to the public or even to regulators. This makes it extremely difficult to know how widespread animal testing is. What we know is that one single test may involve hundreds of animals.  If just one company or one country relies on animal testing, the impact on animal lives could be huge. Because 80% of countries around the world still allow animal testing for cosmetics, a global ban is the only way to truly eliminate animal suffering. We are delighted Cruelty Free International and The Body Shop are together campaigning for a ban that would finally end animal testing forever.” 

The Body Shop and Cruelty Free International’s new campaign is calling for an international ban on animal testing in cosmetics, on both products and ingredients, everywhere and forever. It is the most ambitious campaign ever against animal testing, and aims to engage eight million people to sign the petition calling on the United Nations to introduce an international convention to end the practice once and for all. The petition can be signed online or at any of The Body Shop’s 3,000 stores across the world. Consumers are being encouraged to use the campaign hashtag, #ForeverAgainstAnimalTesting, on social media to raise awareness of the issue.ENDS.


Central Depository Services (India) Limited – Initial Public Offer to open on Monday, June 19, 2017, and to close on Wednesday, June 21, 2017 : Price Band fixed from Rs. 145 to Rs. 149 per Equity Share

L-R:Utpal Oza (Nomura Financial Advisory And Securities (India) Private Limited), Salil Pitale (Axis Capital Limited), P S Reddy [Managing Director and Chief Executive Officer, Central Depository Services (India) Limited], Bharat Sheth [Chief Financial Officer, Central Depository Services (India) Limited], Narayanan Sadanandan (SBI Capital Markets Limited) and Dipti Samant (Edelweiss Financial Services Limited) at the CDSL IPO press conference.- Photo By HPN. 
Mumbai, June 12, 2017 (HPN) : Central Depository Services (India) Limited (“Company” or “Issuer” or “CDSL”) proposes to open on Monday, June 19, 2017, an Initial Public Offering of up to 35,167,208 equity shares of face value of Rs. 10 each (“Equity Shares”) for cash at a price per Equity Share (including a share premium) through an offer for sale of up to 27,217,850 Equity Shares by BSE Limited; up to 4,775,000 Equity Shares by State Bank of India; up to 2,174,358 Equity Shares by Bank of Baroda; and up to 1,000,000 Equity Shares by The Calcutta Stock Exchange (“Offer”) (together the “Selling Shareholders”). The Price Band for the Offer is fixed from Rs. 145 to Rs. 149 per Equity Share. Bids can be made for a minimum of 100 Equity Shares and in multiples of 100 Equity Shares thereafter. The Bid/ Offer will close on Wednesday, June 21, 2017.
The Offer comprises a net offer to the Public of 34,467,208 Equity Shares (the “Net Offer”) and a reservation of 700,000 Equity Shares for subscription by Eligible Employees (as defined in the RHP) (the “Employee Reservation Portion”). The Offer shall constitute up to 33.65% of the fully diluted post-Offer paid-up equity share capital of the Company and the Net Offer to the Public would constitute 32.98% of the post-offer Equity Share Capital.
The Global Co-ordinators and Book Running Lead Managers (“GCBRLMs”) to the Offer are Axis Capital Limited, Edelweiss Financial Services Limited, Nomura Financial Advisory and Securities (India) Private Limited and SBI Capital Markets Limited. The Book Running Lead Managers (“BRLMs”) are Haitong Securities India Private Limited, IDBI Capital Markets & Securities Limited and YES Securities (India) Limited.
The Company and the Selling Shareholders may, in consultation with the GCBRLMs & BRLMs, consider participation by Anchor Investors in accordance with the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009 as amended (“ICDR Regulations”). The Anchor Investor Biding Date shall be one Working Day prior to the Offer Opening Date; i.e., Friday, June 16, 2017.
The Equity Shares offered through the RHP are proposed to be listed on National Stock Exchange of India Limited (“NSE”).
The Offer is being made through the Book Building Process, in reliance of Regulation 26(1) of the ICDR Regulations, wherein not more than 50% of the Net Offer shall be available for allocation on a proportionate basis to Qualified Institutional Buyers (“QIBs”). 5% of the QIB Portion (other than Anchor Investor Portion) will be available for allocation on a proportionate basis to Mutual Funds only, and the remainder of the QIB Portion will be available for allocation on a proportionate basis to all QIB Bidders (other than Anchor Investor Portion), including Mutual Funds, subject to valid Bids being received at or above the Offer Price. Further, not less than 15% of the Net Offer will be available for allocation on a proportionate basis to Non-Institutional Investors and not less than 35% of the Net Offer will be available for allocation to Retail Individual Investors, in accordance with the ICDR Regulations, subject to valid Bids being received at or above the Offer Price. Further, 700,000 Equity Shares will be available for allocation on a proportionate basis to Eligible Employees, subject to valid Bids being received at or above the Offer Price.ENDS.

NCR Helps Indian Banks Transform with Next Generation Banking Solutions

Mr. Joao Perez, Senior Vice President & General Manager, Global Markets, NCR Corporation and Mr. Navroze Dastur, Managing Director, NCRCorporation India at the event – By HPN
Screenshot_20170612_181842NCR’s omni-channel solutions and innovative software platforms provide banks with flexibility to adopt emerging technologies and reduce operating costs.
MUMBAI, India, June 12, 2017 (HPN) : NCR Corporation (NYSE: NCR), a global leader in omni-channel solutions, today unveiled its suite of integrated CxBankingsolutions to help financial institutions (FIs) in India navigate digital and omni-channel transformations while improving speed-of-service, reducing downtime and enhancing customer experience.
The solution launch event, which showcased NCR’s CxBanking portfolio via a ‘bank-in-a-box’ concept, was attended by more than 100 banks. NCR customers were given a first-hand view of NCR’s latest omni-channel banking solutions through exciting live demonstrations. Driven by technology and design philosophy that places the user experience at the core, the ‘bank-in-the box’ concept featured innovative self-service solutions with contemporary design and user interface to advance the future of connected commerce.
At the helm of the showcase was NCR (Connected Payments ) Connected Payments, a secure payment solution delivering uncompromised data protection and future innovation readiness. Implemented as a software-as-a-service (SaaS) solution, NCR Connected Payments offers a secure payment route and ensures complete data and transmission protection, from PIN pad to payment processor. It allows banks to easily comply with evolving payment regulations and standards, such as Payment Card Industry Data Security Standard (PCI DSS) and Europay, MasterCard and Visa (EMV), and offers them the freedom to work with any payment processor or peripheral vendor.
“Customer retention and always-available banking services remain a key strategy for businesses today and NCR is at the forefront of delivering innovations in this area,” said Navroze Dastur, managing director, NCR Corporation India. “Our next generation of online and mobile banking services launched today complements traditional person-to-person interactions and creates an always-available banking environment; that gives consumers the flexibility and control to manage transactions when they want and on the platform of their choice.”
NCR showcased a host of innovative technologies that help financial institutions implement convenient customer-centric technology that provides exceptional customer experience across digital and physical channels.
Some of the key solutions showcased today include:
          NCR Cx110, the first thin-client ATM to run with Kalpana, cloud based, thin-client enterprise software  for ATMs that runs on the Android operating system
          NCR Interactive Teller – that enables banks to offer their customers the benefits of both self-service video banking and the branch experience in one solution, closing the “intimacy gap”
          SelfServ ATMs with cash deposit and recycling facilities
          Mobile cash withdrawals
          Financial Services Kiosk for instant account opening and card issuance
          NCR Fractals fraud detection and prevention solution
The number of ATMs in India is forecasted to reach around 407,000 by 2021, which would represent growth of over 90% on the 2016 figure of 214,500 and equals a CAGR of 11%.
The approach of constant innovation in market-relevant technology solutions has earned NCR its market leadership position since its entry in India 21 years ago. NCR provides solutions to serve financial services, retail, telecom & technology industries in India.ENDS.

Friday 9 June 2017

Eris Lifesciences Limited – Initial Public Offer to open on Friday 16 June, 2017, and to close on Tuesday 20th June, 2017 Price Band fixed from Rs. 600 to Rs. 603 per Equity Share

(From L-R) – Mr Arvind Vashistha, Citigroup Global Markets India, Mr Chirag Negandhi, Axis Capital Limited, Mr Amit Bakshi, Chairman and Managing Director, Eris Lifesciences Ltd, Mr Himanshu Shah, Executive Director, Eris Lifesciences Ltd, Sachin Shah, Chief Financial Officer, Eris Lifesciences Ltd and Mr Sumit Jalan, Credit Suisse Securities (India) Private Limited at the press conference in Mumbai to announce the IPO of Eris Lifesciences Ltd. The issue will open for subscription on Friday 16th and closes on Tuesday 20th June 2017.- Photo By HPN
Mumbai, June 9, 2017 (HPN) : Eris Lifesciences Limited (the “Company” or “Issuer”) proposes to open on Friday, June 16, 2017, an initial public offering of equity shares of face value of Re. 1 each (“Equity Shares”) for cash (the “Offer”) comprising of Offer For Sale of Equity Shares aggregating up to 28,875,000 Equity Shares by Selling Shareholders (“Offer For Sale”). The Bid/ Offer will close on Tuesday, June 20, 2017.

The Price Band for the Offer is fixed from Rs. 600 to Rs. 603 per Equity Share. Bids can be made for a minimum of 24 Equity Shares and in multiples of 24 Equity Shares thereafter.

The Book Running Lead Managers (“BRLMs”) to the Offer are Axis Capital Limited, Citigroup Global Markets India Private Limited and Credit Suisse Securities (India) Private Limited.

The Company and Investor Selling Shareholder may, in consultation with the BRLMs, consider participation by Anchor Investors in accordance with the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009 as amended (“SEBI ICDR Regulations”). The Anchor Investor Bidding Date shall be one Working Day prior to the Bid/Offer Opening Date; i.e., Thursday, June 15, 2017.
Mr Amit Bakshi, Chairman and Managing Director, Eris Lifesciences Ltd addressing at the press conference to announce the IPO of the company. The issue will open for subscription on Friday 16th and closes on Tuesday 20th June 2017 – Photo By HPN

The Equity Shares offered through the RHP are proposed to be listed on BSE Limited (“BSE”) and National Stock Exchange of India Limited (“NSE”).

In terms of Rule 19(2)(b)(iii) of the Securities Contracts (Regulation) Rules, 1957, as amended (“SCRR”) and in accordance with Regulation 26(2) of the SEBI ICDR Regulations, the Offer is being made through the Book Building Process, wherein 75% of the Offer shall be allocated on a proportionate basis to Qualified Institutional Buyers (“QIBs”), provided that the Company and the Investor Selling Shareholder may, in consultation with the BRLMs, allocate up to 60% of the QIB Portion to Anchor Investors on a discretionary basis (“Anchor Investor Portion”) at the Anchor Investor Allocation Price, out of which one-third shall be reserved for domestic Mutual Funds, subject to valid Bids being received from domestic Mutual Funds at or above the Anchor Investor Allocation Price, in accordance with the SEBI ICDR Regulations. 5% of the Net QIB Portion shall be available for allocation on a proportionate basis to Mutual Funds only, and the remainder of the QIB Portion shall be available for allocation on a proportionate basis to all QIB Bidders (other than Anchor Investors), including Mutual Funds, subject to valid Bids being received at or above the Offer Price. Further, not more than 15% of the Offer shall be available for allocation on a proportionate basis to Non-Institutional Bidders and not more than 10% of the Offer shall be available for allocation to Retail Individual Bidders in accordance with the SEBI ICDR Regulations, subject to valid Bids being received at or above the Offer Price. All potential investors, other than Anchor Investors, are required to mandatorily use the Application Supported by Blocked Amount (“ASBA”) process providing details of their respective bank accounts which will be blocked by the Self Certified Syndicate Banks (“SCSBs”) to participate in the Offer. For details, see “Offer Procedure” on Page 292 of the Red Herring Prospectus dated June 6, 2017 (“RHP”).

Thursday 8 June 2017

Index Fairs 2017 Commences its 29th Edition

Mr. L A Khan, MD & Founder UMG Index Fairs, amidst among various other players of the industry; Mr Soungeun Kim, Hon. Consul General of the Republic of Korea; Mr. Niranjan Hiranandani, Chairman, NAREDCO; Mr. Kim, Kyewon, Chairman, Korea Federation of Furniture Industry Cooperatives, Seoul Korea; Ms Rosimar Suzano, Hon. Consul General of Brazil; Arti Kirloskar, Patron of The Arts And Indian Craft Heritage, Pune; Ar. Prem Nath, Prem Nath Associates, Mumbai; Mr. Mukesh Mehta, Vic Chairman , NAREDCO; Mr. Dilip Dahanukar, Chairman, Dahanukar Foundation for the Arts, Mumbai; Ar. Reza Kabul, Architect Reza Kabul, Mumbai, San Francisco - HPN

Mumbai, June 8, 2017 (HPN) : Index Fairs is launching its 29thedition today. It is the only fair in the country that is exclusively dedicated to the trade as well as business in the interior and architectural industry of India. The Index Fairs 2017 is being held atthe Bombay Convention & Exhibition Centre (BCEC), Goregaon, Mumbai from June 8th – 11th, 2017.

The key dignitaries present at the inaugural event are Arti Kirloskar, Patron of The Arts And Indian Craft Heritage, Pune; Ms Rosimar Suzano, Hon. Consul General of Brazil; Mr Soungeun Kim, Hon. Consul General of the Republic of Korea; Dr. Nahid Rashid, Hon. Minister (Commercial) for Bangladesh; Mr. Niranjan Hiranandani, Chairman, NAREDCO; Mr. Rajan Bandelkar, Chairman Elect, NAREDCO; Mr. Mukesh Mehta, Vic Chairman , NAREDCO; Ar. Prem Nath, Prem Nath Associates, Mumbai; Ar. Reza Kabul, Architect Reza Kabul, Mumbai, San Francisco; Mr. Dilip Dahanukar, Chairman, Dahanukar Foundation for the Arts, Mumbai; Mr. Kim, Kyewon, Chairman, Korea Federation of Furniture Industry Cooperatives, Seoul Korea; Mr. L A Khan, MD & Founder UMG Index Fairs, amidst among various other players of the industry.

The show is seeing a participation of over 200 companies promoting over 2500 brands including country presence from Turkey, China, Korea, Taiwan and Italy. The fair aims to connect manufacturers and traders dealing in furniture and fittings, OEM white goods, accessories, lighting and a complete range of materials, kitchen, office and hardware for contract use, with architects, interior designers, and builders, project managers and consultants, procurement heads across the hospitality, corporate and government sectors.

Index Fairs 2017 is receiving an immense support from the industry as well as various professional associations such asAll India Hardware Association (AIHA), Hospitality Purchasing Managers Forum (HPMF), The Maharashtra Chamber of Housing Industry (MCHI-CREDAI), and the national associations of Interior Designers and Architects (IIID).

The event is also conducting various informative presentations on innovative and cutting-edge products to a commanding audience of 200 exclusively invited architects, designers, builders & developers, corporate & hospitality procurement professionals from across the country. Index Fairs is showcasing its trademark line up of design-led and commercial companies with a striking range of furniture, accessories and lighting.

The Workspace 2017: Deconstruction and Reconstruction of Offices, a roundtable conference will see eminent speakers such as Ar. Ninad Tipnis (JTCPL Designs), Ar. Swapnil Sawant (Worksphere Architects India Pvt. Ltd.), Ar. Kalhan Mattoo (Planet 3 Studios), Shitiz Limaye and other senior corporate procurement professionals will speak about the issues in design and sustainability in the 21st Century workplaces on 9th June 2017.

Contract is a well-established focused section for the contract market, where architects can directly specify for projects that have a professional line-up of offerings in the kitchen and workspace segments, with impressive offerings in office from Korea and new launches from Nilkamal and Supreme industries. The Ceramics of India pavilion continued the initiative for the industry that was launched at Index Fairs in 2011.

Index Interfurn is now an institution in itself being the largest trade platform and meeting point for the entire architectural and furniture hardware industry. Specialist traders and sourcing agencies are present at Interfurn from all across India and the sub-continent to source material for retail and projects, while the industry at large is taking the opportunity to meet and interact at this great focused platform.

The Art Enclave, in association with Aura Art, is showcasing the work of artists and galleries across India with display of fine art, sculpture and photography. The India Design Pavilion is a key initiative at Index fairs 2017 to offer a focused platform to Indian designers to showcase their modern and innovative design. The Kudos Gallery salutes great work through project displays of eminent architects and builders.

The Index Design Boulevard and e! eventsat Index has come together at the Central Design Atrium. This year Index Fairs is showcasing bamboo as a material in focus, carrying ahead the concept of the IFJ Special Edition on Bamboo.

On the commencement of Index Fairs 2017, Mr. L A Khan, Managing Director, Index Fairs said, “Index Fairs 2017 provided an exclusive platform for the interiors and design industry in India. It is the only b2b platform for the interiors and design industry in India, bringing together architects, designers, builders and suppliers in a respected and dynamic platform.  Index has also drawn significant attention from buyers and international sourcing delegates from across the globe and we expect the Indian industry to benefit from this increased international presence at the Expo. We are proud to have organized 28 successful editions of the expo and are hoping for even a bigger success from this one.”

Wednesday 7 June 2017

Tejas Networks Limited – IPO to open on Wednesday, June 14, 2017, and to close on Friday, June 16, 2017 : Price Band fixed from Rs. 250 to Rs. 257 per Equity Share

L TO R Chirag Negandhi - Axis Capital Limited , Ravi Kapoor - Citigroup Global Markets India Private Limited, Arnob Roy -President – Optical Products-Tejas Networks Limited, Sanjay Nayak - MD & CEO - Tejas Networks Limited , Venkatesh Gadiyar - Chief Financial Officer - Tejas Networks Limited , Jibi Jacob - Edelweiss Financial Services Limited , Mangesh Ghogre- Nomura Financial Advisory And Securities (India) Private Limited - HPN
Mr Sanjay Nayak- MD & CEO addressing the media at the Press conference of Tejas Networks Limited IPO – HPN
Mumbai, June 7, 2017 (HPN) : Tejas Networks Limited (the “Company” or “Issuer”) proposes to open on Wednesday, June 14, 2017, an initial public offering of equity shares of face value of Rs. 10 each (“Equity Shares”) for cash (including a share premium) (the “Offer”) comprising of a fresh issue of Equity Shares aggregating up to Rs. 4,500 million (“Fresh Issue”) and an offer for sale of up to 12,711,605 Equity Shares by Selling Shareholders (“Offer For Sale”). The Bid/ Offer will close on Friday, June 16, 2017.
The Price Band for the Offer is fixed from Rs. 250 to Rs. 257 per Equity Share. Bids can be made for a minimum of 55 Equity Shares and in multiples of 55 Equity Shares thereafter.
The Book Running Lead Managers (“BRLMs”) to the Offer are Axis Capital Limited, Citigroup Global Markets India Private Limited, Edelweiss Financial Services Limited and Nomura Financial Advisory and Securities (India) Private Limited.
The Company may, in consultation with the BRLMs, consider participation by Anchor Investors in accordance with the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009 as amended (“SEBI ICDR Regulations”). The Anchor Investor Bid/ offer Period shall be one Working Day prior to the Bid/Offer Opening Date; i.e., Tuesday, June 13, 2017.
The Equity Shares offered through the RHP are proposed to be listed on BSE Limited (“BSE”) and National Stock Exchange of India Limited (“NSE”).
In terms of Rule 19(2)(b)(i) of the Securities Contracts (Regulation) Rules, 1957, as amended (“SCRR”) and in accordance with Regulation 26(2) of the SEBI ICDR Regulations, the Offer is being made through the Book Building Process, wherein 75% of the Offer shall be allocated on a proportionate basis to Qualified Institutional Buyers (“QIBs”), provided that the Company and the Selling Shareholders may, in consultation with the BRLMs, allocate up to 60% of the QIB Portion to Anchor Investors on a discretionary basis (“Anchor Investor Portion”) at the Anchor Investor Allocation Price, out of which one-third shall be reserved for domestic Mutual Funds, subject to valid Bids being received from domestic Mutual Funds at or above the Anchor Investor Allocation Price, in accordance with the SEBI ICDR Regulations. 5% of the Net QIB Portion shall be available for allocation on a proportionate basis to Mutual Funds only, and the remainder of the QIB Portion shall be available for allocation on a proportionate basis to all QIB Bidders (other than Anchor Investors), including Mutual Funds, subject to valid Bids being received at or above the Offer Price. Further, not more than 15% of the Offer shall be available for allocation on a proportionate basis to Non-Institutional Bidders and not more than 10% of the Offer shall be available for allocation to Retail Individual Bidders in accordance with the SEBI ICDR Regulations, subject to valid Bids being received at or above the Offer Price. All potential investors, other than Anchor Investors, are required to mandatorily use the Application Supported by Blocked Amount (“ASBA”) process providing details of their respective bank accounts which will be blocked by the Self Certified Syndicate Banks (“SCSBs”) to participate in the Offer. For details, see “Offer Procedure” on Page 391 of the Red Herring Prospectus dated June 5, 2017 (“RHP”).
About Tejas Networks Limited
Tejas Networks designs, develops and sells high-performance and cost-competitive products to telecommunications service providers, internet service providers, utility companies, defence companies and government entities in over 60 countries. Tejas products utilize a programmable software-defined hardware architecture with a common software code-base that delivers an app-like ease of development and upgrades of new features and technology standards. Tejas is ranked amongst top-10 suppliers in the global optical aggregation segment and has filed over 300 patent applications.ENDS.
For more information, visit Tejas Networks athttp://www.tejasnetworks.com

mGuru plans to expand user-base to 10 lakh across India with its mGuru app

Mr. Adam Khorakiwala, Founder and CEO of mGuru - HPN
Mumbai, 07 June 2017 (HPN) : With an aim to enhance the English proficiency skills of students, mGuru, a digital learning company in India, has introduced the mGuru mobile app for K-5 students, targeting families in tier I-III cities. The company is planning to launch a 300 student pilot project in a school situated in Parel through a well-known NGO. mGuru also plans to capture 10 lakh user base in India over the next year, of which, 20% will be targeted for Maharashtra. At present, mGuru has 40% of its total user base settled in Maharashtra alone, making the state an important market for them.
mGuru’s platform can take a child from basic ABC to Proficiency in English, all in a single, beautiful mobile experience. It has content partnerships in place with non- profit organisations like Pratham and Leap for Word in order ensure that the app is based on the best learning science available. The platform gives access to fun activities and stories in various regional languages in India such as Hindi, Marathi, Gujarati and Bengali.
Mr. Adam Khorakiwala, Founder and CEO of mGuru said, “mGuru was born out of an alarming insight that only one in four of the Class V students can read basic English sentences. With a strong belief that technology can be used effective to solve social problems, we wish to address this scenario with mGuru. We believe that through this learning platform we would be able to transform the English language skills of millions of K-5 students in the country.”
Developed by a team of in-house experts the app went through rigorous testing and development over a period of eight months. mGuru is designed from the ground up for the unique needs and constraints of the Indian audience, from offline use to local language instruction. The learning platform provides engaging stories with activities, speaking and listening exercises, and a comprehensive phonics and an early learners program for students. The entire learning path is arranged and curated in a way that, any child can receive the material that they need all while having fun in the process.
mGuru recently received the 2017 NASSCOM Social Innovation Prize in Education.ENDS.
About mGuru:
mGuru, a digital learning company  in India builds mobile and tablet learning apps for K-5 students, focusing on English and Math. Launched in August 2016, the App provides an interactive learning experience for students to help take them from ABC to Proficiency in English. The App provides engaging stories with activities, speaking and listening exercises, and a comprehensive phonics and early learners programme. The vision of mGuru is to package the best learning practices and research into a platform for everyone, so that any child can have the tools to gain basic language proficiency and numeracy skills. To ensure quality learning, mGuru, has also collaborated with various NGOs, education companies and brands such as TeachforIndia, Pratham, British Council, NASSCOM and others.

गोदरेज एंड बॉयस ने डाई पैरामीटर मॉनिटरिंग के लिए पेश की स्मार्ट कनेक्टेड डाई कास्टिंग डाई

~ स्मार्ट कनेक्टेड डाई कास्टिंग डाई फाउंड्री की कार्यकुशलता को बेहतर बनाती है, जिससे डाई की आयु 10% बढ़ जाती है और प्रति पीस लागत 10% कम हो ...