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 TGN

NCR’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 (TGN) : 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.

About NCR Corporation

NCR Corporation (NYSE: NCR) is a leader in omni-channel solutions, turning everyday interactions with businesses into exceptional experiences. With its software, hardware, and portfolio of services, NCR enables nearly 700 million transactions daily across retail, financial, travel, hospitality, telecom and technology, and small business. NCR solutions run the everyday transactions that make your life easier.

NCR is headquartered in Duluth, Ga., with over 30,000 employees and does business in 180 countries. NCR is a trademark of NCR Corporation in the United States and other countries.

 Web sites: www.ncr.com

Twitter: @NCRCorporation

Facebook: www.facebook.com/ncrcorp

LinkedIn: www.linkedin.com/company/ncr-corporation

YouTube: www.youtube.com/user/ncrcorporation

Eris Lifesciences Limited – IPO to open on 16 June, 2017, and to close on 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 TGN. 

Mumbai, June 9, 2017 (TGN) : 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.

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

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 TGN

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”).ENDS. 

For more information, visit Eris Lifesciences Limited at http://www.eris.co.in 

Index Fairs 2017 Commences its 29th Edition at BEC, Mumbai

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; Ar. Reza Kabul, Architect Reza Kabul, Mumbai, San Francisco; Arti Kirloskar, Patron of The Arts And Indian Craft Heritage, Pune; Ar. Prem Nath, Prem Nath Associates, Mumbai; Mr. Mukesh Mehta, Vice Chairman , NAREDCO - TGN

...India's leading international interiors, architecture and design event

Mumbai, June 8, 2017 (TGN) : Index Fairs is launching its 29^thedition 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 8^th – 11^th, 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 21^st Century workplaces on 9^th 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.”

Shri. Y. S. Chowdary, Minister of State for Science & Technology, inaugurates Aegis Data Science Congress (DSC) 2017

Shri. Y. S. Chowdary, Minister of State for Science & Technology, inaugurates Aegis Data Science Congress (DSC) 2017 By Lightening the Lamp - Photo By TGN

Vashi, Navi Mumbai, June 6, 2017 (TGN) : Minister of State for Science & Technology, Shri. Y. S. Chowdary inaugurated Aegis Data Science Congress 2017 at CIDCO Convention Center, New Mumbai today. Hosted by Aegis School of Data Science, it is a one of its kind three-day conference on Big Data and Analytics. The conference has as its theme, the confluence of the domains of Analytics, Big Data, Machine Learning, Artificial Intelligence, Internet of Things, and Cognitive Computing. The goal of the DSC is to provide a platform for showcasing the Indian perspective on data science, analytics and big data to a global audience. The conference will focus across industries like -Telecom, Retail, Banking, Oil and Gas, Manufacturing, E-commerce, Health care, IT & SW, Insurance, Consulting, Education, Sports, Media, Government etc.

The event which will be held till June 8, 2017 observed the presence of various luminaries in the field of Data Science from Government and Corporate Sectors. The Key Note Speech was delivered Dr. Usama Fayyad, First Chief Data Officer ever titled. Industry leaders, researchers, top academicians from around the world joined this conference. More than 1500 delegates participated in the event. Some of the dignitaries amongst many others included Dr. K. R. Murali Mohan, Head Big Data Initiative, Department of Science & Technology, Govt. Of India and Dr. Avik Sarkar, Head – Data Analytics Cell at NITI Aayog, Govt. Of India, etc. Over 70 speakers will be delivering key talks and panel discussions. Data Scientists and expert from several organizations like NITI Aayog, National Security Council Secretariat (NSCS), Department of Science & Technology, Amazon, AIG, IBM Research, IBM, Walmart, Makemytrip, NVIDIA, Cisco, Tableau, PwC, SAP, Edelweiss, Fractal Analytics, American Express, Airtel, Reliance JIO, Gramener, SBI, RBI, Myntra, etc. will be sharing their knowledge.

Hon. Y. S. Chowdary, Minister of State for Science & Technology,spoke about the recent initiatives by the Govt. of India in the field of Data Science. “Department of Science and Technology, Govt. of India has recently launched a new program called Interdisciplinary Cyber Physical Systems (ICPS) to foster, and promote R&D in the emerging field of research. Cyber Physical Systems (CPS) is a mechanism controlled or monitored by computer-based algorithms, tightly integrated with internet and its users. Through this program, DSC intends to focus on Data Sciences, Internet of Things (IOT) research, and basic research on Cyber Security. Realizing its importance, Department of Science and Technology, Govt. of India is offering financial support to research projects under Big Data Initiative (BDI). Government of India’s Skull India Initiative is aimed at increasing the competencies and average productivity. The flagship programs of Govt. of India like Digital India, Digital Village, and Smart Cities are data intensive, and use data and they generate data that has commercial value. Data with commercial value open opportunities for start-ups and entrepreneurial development. But we should be equipped to harness them. India is the IT capital of the world it and has a pool of mathematics, computer science, and coding skills. India is certainly poised to leverage the advantages of these fields but we need disruptive technologies. I am sure that this Data Science will come out with a road-map of how we can make India ready for these disruptive technologies in data science, and data-driven fields.”

He further added, “I am pleased to see that Data Science Congress 2017 has witnessed so many visionaries and inspirational minds attending and sharing valuable insights related to Data Science. Not only will such events help increase innovations in Big Data but also serve as a platform to search for new geniuses from a pool of young talent.”

Bhupesh Daheria, CEO of Aegis School and Founder of this conference explains, “Data Science Congress is aimed to bring India at the center of hub for skills and research in the fields of Data Science, Analytics, Big Data, AI, Machine Learning, Cyber Security and IOT. We have the largest talent pool of mathematicians and coders which can be groomed for these disruptive high growth fields, and we must showcase them at international forums like the Data Science Congress.”

Some of the sessions held during the event included: Panel Discussion On Using Data For Better Governance And Society by S. M. Sahai, J A Chowdary , Sushila Augustine, Dr. Avik Sarkar , Madhavan Narayanan, Interdisciplinary Cyber Physical Systems (ICPS) Division Research – India Perspective by Dr. K. R. Murali Mohan, Crime Investigation Through Social Media Analytics by Amit Dubey, IOT, Analytics Enabling The Vision Of Smart Cities by Dr. Sumit D. Chowdhury, AI First Enterprise Myth And Reality by Dr. Soudip Roy Chowdhury, Aspect Extraction & Sentiment Analysis: From Keywords To Concepts by Dr. Madhu Gopinathan, INDIAN IOT Market & Ecosystem by Jürgen Hase, Panel Discussion On Using Data Science Changed The Game For Telecom by Dr. Laurent Mignet , Deepali Gupta , Sudeepta Chaudhuri , Nikola Sucevic , Satish Mittal , Dr. Debabrata Nayak , Dr. Sougata Mukherjea, Panel Discussion On Data Science In E-Commerce And Retail by Vijay Gabale , Piyush Chowhan , Dr. Ravi Vijayaraghavan, Mr. Algorithm – New Member In The Board Room Discussing Algorithm Economy by Sameer Dhanrajani, etc.

The event also saw research papers presentations on topics such as Preventing accidents through real-time warning of dangerous spots to connected vehicles by Sandhya Gopalan & Ranjani Subramania, Shonit TM ­ An Artificial Intelligence based Automated Peripheral Blood Smear Analyser by Dheeraj Mundhra, An Approach To Smart Agriculture Practice using Internet of Things (IoT),Big Data and Neural Networks by Vaishali Lokesh Gatty & Archana Chandrabhanu, An Artificial Intelligence based Approach to Estimate Human Semen Quality from Microscopic Videography by Bharath Cheluvaraju, Comparative analysis of Particle Swarm Optimisation & Cultural Algorithm in the Prediction of Foreign Exchange by Sachin Srivastava, Ashank Rudola, Gayatri KVR & Dr. Monika Gupta, Use of Big Data in Warehousing to enhance Accessibility of Food by Rohit Sharma, Mathematical Modelling for Crop pricing based on Market value of its products by Chanchal Pramanik & Dr. Srinivas Pappula, Inferencing in the Large: Towards Automation of Semantic Integration and Knowledge Representation of Open Data by Asha Subramanian, etc.ENDS.

mGuru plans to capture 10 lakh user base in India over the next year with it's mGuru mobile app

Mr. Adam Khorakiwala, Founder and CEO of mGuru – TGN

•To spread its reach to schools through reputed NGOs, CSR, and Branded partnerships.

•Penetration in tier II and III cities in Maharashtra

•Emphasis on regional language users in Marathi, Hindi and Gujarati

•Focus to capture vernacular market in west and south zone

•Designed for K-5 students with complete offline content

Mumbai, 07 June 2017 (TGN) : 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.

Tejas Networks Limited – Initial Public Offer 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 - TGN

Mumbai, June 7, 2017 (TGN) : 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.  

              

For more information, visit Tejas Networks at http://www.tejasnetworks.com  

The RHP is available on the website of SEBI at www.sebi.gov.in, as well as on the websites of the BRLMs, i.e. at www.axiscapital.co.in, www.online.citibank.co.in/rhtm/citigroupglobalscreen1.htm, www.edelweissfin.com, www.nomuraholdings.com/company/group/asia/india/index.html and the websites of the Stock Exchanges at BSE at www. bseindia.com and NSE at www.nseindia.com

VLCC expands reach with beauty services at home | Announces acquisition of Vanity Cube

•Extends its presence into the fast growing on-demand services segment

Mumbai, 06 June, 2017 (TGN) : VLCC, a globally renowned brand in beauty and wellness industry, today announced its acquisition of Vanity Cube, one of the earliest entrants in the beauty-services-at-home segment, signaling its foray into the fast growing ‘On-Demand Services’ sector. To be rebranded VLCC Vanity Cube, the company currently offers beauty services at home to its customers in Delhi-NCR and Mumbai.

Commenting on the acquisition, Mrs. Vandana Luthra, Founder, VLCC, said, “On-demand beauty services have a huge growth potential and will define the next level of disruption in the beauty and wellness industry. There is no clear market leader in the nascent on-demand beauty services space. VLCC, with its presence of over 250 wellness centers and salons in 120 cities across 11 countries as well as 76 skill development academies, through whose portals over 10,000 students pass out annually, will have a distinct edge over competition in this domain. With the addition of beauty on-demand to the existing range of services, VLCC will be able to further extend its reach and availability. The immediate plan is to scale up the operations of Vanity Cube beyond the current 2 cities to 10 cities over the next 18 months.”

Vanity Cube was established by Ms. Renu Bisht and Ms. Pragya Upadhyay in the year 2014. A key differentiator of the start-up has been its ability to deliver services within 90 minutes of booking an appointment. The company is currently operational in Delhi-NCR and Mumbai and has served over 50,000 customers till date, with 60% customers availing a repeat within 45 days of the first service. The company had earlier raised Series A funding from Unicorn Ventures and angel investors, who continue to be minority stakeholders in the company.

Being a leader in the Beauty & Wellness services segment, the foray into On-Demand Beauty Services is a natural progression for VLCC. Already, nearly 60% of the company’s revenue from its wellness centres in India comes from beauty treatments and services.

Commenting on the synergy between the two businesses, Ms. Renu Bisht, Co-Founder, Vanity Cube said, “We, at Vanity Cube, aspire to be the private stylists for each of our customers. We understand that beauty is personal to every individual and hence, we have always focused on delivering high quality services at competitive costs. With VLCC’s expertise, years of experience and scale of reach in beauty services, we will now be able to not only deliver an upgraded and expanded offering to our existing customer base, but also achieve our goal to be a pan-India operation.”

Ms. Pragya Upadhyay, Co-Founder, Vanity Cube added, “We are excited to be a part of the VLCC family. VLCC is a pioneer in the beauty and wellness industry and has always given utmost importance to service quality. We are confident that VLCC Vanity Cube will soon be a preferred brand in the on-demand beauty services category across the country, and not just where we currently operate.”

The organized On-Demand Beauty Services market has gained good traction in the last couple of years, with numerous start-ups having mushroomed in this segment, and is estimated to be anywhere between US$ 2 billion – US$ 3 billion. In India, the industry is growing at a compounded rate of 18.6%, fuelled by affluent and middle class customers.

About VLCC Group

Founded by Mrs. Vandana Luthra as a beauty and slimming services centre in 1989, VLCC is today widely recognized for its comprehensive portfolio of beauty and wellness products and services and also enjoys a high level of consumer trust. The VLCC Group’s operations currently span 330 locations in over 150 cities and 14 countries across South Asia, South East Asia, the GCC Region and East Africa. This includes UAE, Saudi Arabia, Oman, Bahrain, Qatar, Kuwait, Kenya, India, Sri Lanka, Bangladesh, Nepal, Malaysia, Singapore and Thailand. VLCC:

• Manages one of the largest chains of Slimming, Beauty & Fitness centers across Asia;

• Runs one of Asia’s largest network of skill development institutes in Beauty & Nutrition;

• Manufactures in Switzerland and the GMP certified company owned plants in India and Singapore, a comprehensive range of over 250 skin-care, hair-care and body-care products as well as nutraceuticals and functional/ fortified foodsunder the VLCC Natural Sciences™, Skin MTX™, Bellewave™, Enavose™, VLCC Slimmer’s ™, VLCC Shape Up™, and SPECIFIX™ brands and sells them in over 20 countries worldwide.
ENDS.

Kokuyo Camlin ties-up with animated film – Hanuman Da’ Damdaar

Kokuyo Camlin tied up with the movie, Hanuman Da’ Damdaar. As a part of the promotion kids from across Mumbai were invited to participate in a drawing activity wherein they were asked to paint blank notebook covers on the theme of Hanuman - TGN.

Mumbai, 1 june, 2017 (TGN) : Kokuyo Camlin Ltd; premier stationery brand has tied up with Hanuman Da’ Damdaar – biggest Indian animation film, which is set for release soon. As a part of this association with the movie,Kokuyo Camlin initiated a series of activities around the film’s leading animated protagonist – Hanuman. The scale of the film is pan India and big which works for a brand like Camlin.

Taking the tie-up forward, Kokuyo Camlin held two events – one inPhoenix Market City Mall, Kurla and the other at KidZania at R-City Mall, wherein children were asked to color specially designed notebooks that were created only for this tie-up. These notebooks had a blank cover and the children were asked to draw on the theme of Hanuman on the notebook cover. The children came out with some really vibrant and colorful avatars of Hanuman. They enjoyed themselves and had a gala time at both the events. Special prizes were awarded to a few selected kids that came out with some real masterpieces on Hanuman. Simultaneously, a similar exercise was also carried in the social media space wherein people were encouraged to color the notebook cover and send in their entries.

Saumitra Prasad, Chief Marketing Officer, Kokuyo Camlin said,“Associating with the movie, Hanuman Da’ Damdaar has been a great experience to reaching out to our target audience. I am glad to say that we received an overwhelming response to the activities that we conducted around the film. We had fantastic traction on the Notebook Coloring Contest and on our social media page as well.”

The Hanuman franchise has been the first successful animation content for film, TV, gaming and merchandising with Hanuman and Hanuman Returns. With Hanuman Da’ Damdaar being the latest offering. Hanuman is already a character that children love – an original Indian Superhero.

Hanuman Da’ Damdaar features voiceovers by Salman Khan, Raveena Tandon, Javed Akhtar Saurabh Shukla, Kunal Kemmu and others.

ECGC : Reduction in insurance cost for exporters

Mumbai, 31 May, 2017 (TGN) : In its60th year of operation, ECGC took a customer friendly step by reducing the premium rate by an average 17% for its whole turnover policy covers. The average rate of premium under short term exporters’ business has come down from 28.19 paise per Rs.100 during Financial Year (FY) 2015-16 to 25.46 paise per Rs.100 during FY 2016-17, thus reducing the transaction cost for making exports competitive.

ECGC is a premier Export Credit Agency (ECA) of Government of India providing credit insurance to exporters against non-payment risks by the overseas buyers due to Commercial and Political reasons. It also provides insurance covers to banks against risks in export credit lending to the exporter borrowers.ECGC has an Authorized Capital of Rs.5000 crore and a Paid-up-Capital of Rs.1450 crore as on 31 March, 2017. Its net worth as on 31 March, 2017 stands at Rs.3619 crore.

During the FY 2016-17, it has initiated a number of customer friendly export promotion initiatives to boost India’s exports.

Apart from reduction in premium rates under whole turnover policies, it has also taken steps to make Export Factoring Scheme, cheaper for MSMEs. To give fillip to the Medium & Long Term (MLT) export sector, the Company has introduced covers to the subsidiary  MLT exporters in India.  In order to speed-up claim settlement, ECGC has set up Regional Claim Processing Centers (RCPC) at all the five Regional Offices, located in major metro cities. As an incentive to large exporters, the Volume Discount has been rationalized to extend the benefits to more and more exporters.

Addressing a media meet to highlight business performance for the FY 2016-17, Mrs. Geetha Muralidhar, Chairman-cum-Managing Director of ECGC mentioned that the value of exports covered under exporters’ business as well as the number of policies in force had shown a redeeming trend with a growth of 4%. The value of business covered during FY 2016-17 stood at over Rs.1,41,000 crore and the number of policies in force at over 12,000 as compared to Rs.1,35,000 crore and 11,525 respectively in the FY 2015-16.

Under the Export Credit Insurance Covers issued to Banks (ECIB), the export advance outstanding of the banks and covered by ECGC as on March 31, 2017 stood at over Rs.1,17,000 crore covering over 23,500 exporter accounts.

The share of Banks covered by ECGC in export credit disbursement continues to be substantial though declining. All the Government owned banks and 14 private sector banks are under the cover of ECGC.

The overall business which includes the covers issued to the exporters, banks and MLT sector, covered during FY 2016-17 stood at over Rs.2,65,000 crore.

In the wake of continued global recession and uncertainties, ECGC also continued to experience high claim pay out of Rs.886 crore during FY 2016-17  after the record claim pay out in the last FY 2015-16. ECGC paid out 578 claims amounting to Rs.207 crore to exporters under direct policies and 200 claims amounting to Rs.679 crore to the lending banks under Export Credit Insurance Covers issued to Banks during FY 2016-17.  ECGC maintained  high solvency ratio of 8.88 as on 31 March, 2017 against the regulator’s norm of 1.5.  The claims paid are spread  across various sectors such as agricultural products, engineering goods, gems & jewellery, readymade garments, basic chemicals & Pharmaceuticals, etc.

As regards Policy business, the Corporation presently underwrites risk on 237 countries of the world and maintains records of about 1,25,000 active buyers all over the world wherein the overall exposure underwritten is to the tune of Rs.1,40,000 crore. During the FY 2016-17, the Company added around 18,000 new buyers to its database. The data on buyers is used for underwriting commercial risks on the buyers.

ECGC also covers risks of project exporters and banks involved in the medium and long term exports. As on 31 March, 2017, around 85 policy covers and about 142 covers to banks were in force. Major projects supported by ECGC, are being executed in Oman, Kenya, Vietnam, Afghanistan and Nepal.

On account of Government of India,ECGC operates National Export Insurance Account (NEIA) Trust to promote project exports from India that are of strategic and national importance which are beyond underwriting capacity of the Company. As of 31.03.2017, there were 122 covers in force related to 76 projects under NEIA.  The value of exports enabled by ECGC is over Rs.26,000 crore and through the Buyer Credit covers it is around Rs.8500 crore.

Dwelling on the financial results of the Corporation for 2016 -17, Mrs. Geetha Muralidhar mentioned that the Corporation’s financial results during the year were highly satisfactory with Gross Profit of over Rs.400 crore. The Company has proposed a dividend of Rs. 72.50 crore to the Government of India for the FY 2016-17.

In the International arena, ECGC signed a bilateral agreement with Iranian counterpart, EGFI on May 23, 2016 in the presence of the Prime Minister of India and President of Iran. ECGC hosted and chaired 2 BRICS Heads of ECAs Meeting in New Delhi on October 13, 2016, 2nd BRICS Technical Workshop on December 01- 02, 2016 at Hyderabad and G12 Heads of ECAs meeting on February 20-21, 2017 at Chennai.

As directed by the Government of India, ECGC has been participating in theInternational Working Group (IWG)on Export Credits to evolve a set of international guidelines on the officially – supported export credit proposals for Projects/Export of Capital goods involving a credit period of more than 2 years.

ECGC is in discussion with African Trade Insurance Agency (ATI) to explore the possibilities of supporting exports to African Region through reinsurance and coinsurance. ATI provides political risk and trade credit risk insurance products with the objective of reducing the business risk and cost of doing business in Africa

The Parliamentary Standing Committee on Commerce in its 125th report, while appreciating the efforts being undertaken by ECGC for overall growth of Indian exports, the Committee has opined that the framework of export credit needs to be made more robust and hence ECGC needs to be adequately capitalized.  In addition, while commending the work of ECGC in covering the banks, owing to high risk that it has to bear, once again they recommend that ECGC should be heavily capitalized.

The company’s contribution in the last decade by way of claim settlements of around Rs.7000 crore has provided the much needed support to exporters and relief to banking system in ensuring adequate lending to exporters.

The year ahead looks challenging for the exporters and the Ministry of Commerce is taking several steps to boost exports from the country. ECGC is also looking forward to partner with government in its initiatives by making credit insurance more easily accessible for the exporters.There are many export friendly initiatives under discussion with the regulator and the Government, she said.ENDS.