Friday, July 25, 2014

BWI: दुनिया के सबसे बड़े स्वतंत्र मोबाइल ऐड नेटवर्क इनमोबी ने एयरोस्पाइक इन मेमोरी एनओएसक्यूएल डाटाबेस के साथ परफॉर्मेंस प्रीडिक्टैबिलिटी हासिल की

 
Source : Business Wire
Friday, July 25, 2014 11:11AM IST (5:41AM GMT)
 
दुनिया के सबसे बड़े स्वतंत्र मोबाइल ऐड नेटवर्क इनमोबी ने एयरोस्पाइक इन मेमोरी एनओएसक्यूएल डाटाबेस के साथ परफॉर्मेंस प्रीडिक्टैबिलिटी हासिल की
इनमोबी रैम और फास्ट दोनों पर इन-मेमोरी चलाने के लिए ओपन सोर्स एयरोस्पाइक डाटाबेस, किफायती एसएसडी का उपयोग करता है
 
Bangalore, Karnataka, India and Calif., Mountain View, United States

अग्रणी ओपन सोर्स एनओएसक्यूएल डाटा बेस एयरोस्पाइक ने दुनिया के सबसे बड़े स्वतंत्र मोबाइल ऐड नेटवर्क इनमोबी के साथ अपनी साझेदारी की घोषणा की है ताकि इन मेमोरी डाटाबेस को रैम और फ्लैश आधारित सॉलिड स्टेट ड्राइव (एसएसडी) पर चलाया जा सके। नतीजतन, इनमोबी ने कीमत / प्रदर्शन के लिहाज से अच्छा-खासा लाभ प्राप्त किया है और यह इन-मेमोरी को  सिर्फ रैम पर चलाने के मुकाबले में है।

इनमोबी अपने ऐड सर्विंग प्लैटफॉर्म के लिए कंटेक्स्ट स्टोर के रूप एयरोस्पाइक का उपयोग करता है। एयरोस्पाइक डाटाबेस एक अपाचे हडूप सिस्टम के साथ काम करता है और यह उस डाटा को ढूंढ़ निकालता है जो दिन भर में एकत्र किया गया है। इसके बाद हडूप के विश्लेषणात्मक परिणाम को एयरोस्पाइक में स्टोर किया जाता है और इसके साथ खासतौर से तैयार विज्ञापन भी होते हैं जो वास्तविक समय में उपयोगकर्ताओं के लिए प्रदर्शित किए जाते हैं।

इनमोबी के सह-संस्थापक और वाइस प्रेसिडेंट, टेक्नालॉजी मोहित सक्सेना ने कहा, “हमारे कारोबार को निम्न लैटेंसी वाले रीड और राइट की आवश्यकता होती है। एयरोस्पाइक ने हमें एसएसडी पर चलाकर कीमत / प्रदर्शन और किफायती स्केलिंग की पेशकश की।”    

चार इनमोबी डाटा सेंटर में बंटे हुए एयरोस्पाइक क्लस्टर कुल प्रति सेकेंड कुल 480,000 ट्रांसैक्शन चलाते हैं। कुल मिलाकर, ये क्लस्टर 2.8 अरब रिकॉर्ड और करीब 4 टीबी डाटा का प्रबंध करते हैं जो इन मेमोरी और ऑन डिस्क नेमस्पेस के मेल में स्टोर किया गया है।   

एयरोस्पाइक के संस्थापक और इंजीनियरिंग तथा परिचालन के वाइस प्रेसिडेंट श्रीनी वी श्रीनिवासन ने कहा, “गूगल ऐडमोब के बाद दुनिया के दूसरे सबसे बड़े ग्लोबल मोबाइल एडवर्टाइजिंग समाधान प्रदाता के रूप में इनमोबी किसी भी क्षण लाखों ग्राहकों को पर्सनलाइज्ड ऐड्स डिलीवर करने के लिए कांटेक्सचुअल डाटा के उपयोग के मामले में अग्रणी है।” उन्होंने आगे कहा, “कंपनी जब अपने जोरदार विकास के समर्थन के लिए विस्तार कर रही है वैसे समय रीयल टाइम, पर्सनलाइज्ड इंटरैक्शन के लिए हमारे फ्लैश ऑप्टिमाइज्ड इन मेमोरी एनओएसक्यूएल एयरोस्पाइक डाटाबेस का उपयोग करने में इन मोबी की सफलता से हम खुश हैं।”

इनमोबी के बारे में

इनमोबी दुनिया भर के अग्रणी ब्रांड, डेवलपर्स और प्रकाशकों के लिए यह संभव करती है कि वे मोबाइल एडवर्टाइजिंग के जरिए अंतरराष्ट्रीय उपभोक्ताओं के लिए काम करें। इनमोबी के प्लैटफॉर्म बिग डाटा, उपयोगकर्ता व्यवहार और क्लाउड आधारित आर्किटेक्चर में प्रगति को आगे बढ़ाते हैं ताकि अपने ग्राहकों के लिए मोबाइल एडवर्टाइजिंग को आसान बना सकें। एमआईटी टेक्नालॉजी रीव्यू द्वारा 2013 की 50 डिसरप्टिव कंपनियों में से एक के रूप में मान्यताप्राप्त इनमोबी दुनिया का सबसे बड़ा स्वतंत्र मोबाइल ऐड नेटवर्क है जो 165 देशों में 759 मिलियन उपभोक्ताओं को जोड़कर रखे हुए है। अतिरिक्त जानकारी के लिए www.inmobi.com पर आइए या ट्वीटर पर हमें @InMobi पर फॉलो कीजिए।

एयरोस्पाइक के बारे में

एयरोस्पाइक एक ओपन स्रोत फ्रंट एज डाटा बेस है जो अंतरराष्ट्रीय पैमाने पर काम करने वाले नई पीढ़ी के अंतरसक्रिय, रीयल टाइम वेब और मोबाइल एप्लीकेशन को शक्ति देता है। यह पहला फर्स्ट फ्लैश ऑप्टिमाइज्ड इन मेमरी एनओएसक्यूएल डाटा बेस है जो ट्रांसैक्शन और हॉट एनालिटिक्स का मजबूत एसिसड कंसीसटेंसी तथा एंटरप्राइज ग्रेड रीलायबिलिटी से मेल कराता है। इसे खासतौर से बनाया गया है ताकि स्केलिंग को आसान और किफायती बनाया जा सके। यह सभी डेवलपर्स के लिए है ताकि वे डिस्ट्रीब्यूटेड कैचिंग, सेशन मैनेजमेंट, यूजर प्रोफाइल और की वैल्यू स्टोर यूज के मामलों में प्रेडिक्टेबल, सब मिली सेकेंड लैटेंसी का लाभ उठा सकें। एयरोस्पाइक लगभग चार वर्षों से बिना नागा उत्पादन के काम में लगा हुआ है और बिग डाटा कंपनियों जैसे ऐप्प नेक्सस, एक्सेलेट, चैंगो और [x+1] में रीयल टाइम पर तैनात है। एयरोस्पाइक का मुख्यालय सिलिकन वैली में है और निवेशकों में न्यू एंटरप्राइज एसोसिएट्स, कोलंबस नोवा टेक्नालॉजी पार्टनर्स, एलसॉप लुई और ड्रेपर एसोसिएट्स शामिल हैं। ओपन सोर्स एयरोस्पाइक कम्युनिटी एडिशन www.aerospike.com से डाउनलोड करें और @aerospikedb पर फॉलो करें।  

एयरोस्पाइक अमेरिका और / या अन्य देशों में एयरोस्पाइक इंक का एक पंजीकृत ट्रेडमार्क है। अन्य सभी ट्रेडमार्क और पंजीकृत ट्रेडमार्क अपने संबंधित स्वामियों की संपत्ति हैं।

घोषणा (अस्वीकरण) : इस घोषणा की मूलस्रोत भाषा आधिकारिक, अधिकृत रूपांतर है। अनुवाद सिर्फ सुविधा के लिए मुहैया कराए जाते हैं और उनका स्रोत भाषा के आलेख से संदर्भ लिया जा सकता है और यही आलेख का एकमात्र रूप है जिसका कानूनी प्रभाव हो सकता है। 

संपर्क :
कायनेटिक पीआर एयरोस्पाइक के लिए
शिफाली इरैसमस भगत, +1 650-315-7526
shifali@kineticprllc.com

 
 

KEYWORDS: Business/ Finance:Advertising, PR & marketing, Information Technology, Technology, Telecommunications;General:Internet

 

If you wish to change your Business Wire India selection please visit on Business Wire India and use your personal username and password to login.

 
Submit your press release at http://www.businesswireindia.com
 
Note : This is system generated mail. Please do not reply to it.
 

BWI: Biocon Announces Q1 FY15 Results

 
Source : Biocon Limited
Friday, July 25, 2014 8:30AM IST (3:00AM GMT)
 
(BSE:532523)(NSE:BIOCON)
Biocon Announces Q1 FY15 Results
Revenues: ₹ 742 Crs; EBITDA: ₹ 191 Crs; PAT: ₹ 103 Crs
 
Bangalore, Karnataka, India

Commenting on the quarterly performance and highlights, Chairman and Managing Director, Kiran Mazumdar-Shaw stated, Our revenue growth this quarter has been muted. Our business performance reflects the challenges that we are temporarily facing in some of our key markets especially in the Middle East. We are working towards diversifying our regional dependencies to diminish the impact of such externalities. However, we have sustained our operating margins and profits despite increase in costs. Our business profitability has remained intact indicating the benefits of portfolio optimization. Our development pipeline across biosimilars and novel candidates continues to progress well. We remain committed towards improving our performance in the coming quarters”.

Highlights:
 

  • Biocon files its first set of ANDAs, targets the US generics market
  • Extension of the research collaboration between Bristol Myers Squibb and Syngene
  • Appointment of Mr. Siddharth Mittal as Chief Financial Officer, Biocon

Business Performance

Financial Highlights: Q1 FY15 (In ₹ Crores)
 
Revenue : 742
R&D Expenses: 31             (6% of Biopharmaceutical sales)
EBITDA: 191                                    (EBITDA Margin: 26%)
PAT:  103                                              (PAT Margin: 14%)
Revenue Breakup:
  • Biopharmaceuticals: 547
  • Research Services: 172
  • Other Income: 23

Biopharmaceuticals

Biopharma

The biopharma segment recorded revenues of 436 Crs in Q1FY15.
 
The biopharma business was impacted this quarter by various external factors including the ongoing geo-political conflicts in the MENA region, affecting the growth of this business. We believe this is a temporary phasing issue as the underlying demand remains robust.  We hope that stability in the region will restore business momentum. We are working towards mitigating the impact of these regional instabilities on our business performance.  

 This quarter we filed our first ANDAs, targeting the US generics market. This effort is part of our communicated strategy to move up the pharma value chain to enter finished dosages with generic formulations. We continue working towards further optimization of our product portfolio in the small molecules vertical, with a clear focus on profitable growth.
 
We remain on track to initiate global phase III trials for our biosimilar glargine. Our upcoming insulin facility in Malaysia continues to progress well and we expect the plant to be commissioned, as per plan in the second half of this fiscal.
 
Branded Formulations

The branded formulations recorded revenues of 111 Crs in Q1 FY15. The vertical grew at 10% YoY, in line with the industry. This quarter, we have reorganized certain divisions within this vertical. The reorganization largely focuses around the cardiology and diabetes divisions to drive synergies around key anchor brands and optimization of product portfolios with a focus on profitability.  
 
Novel Molecules

The initial set of trials for our oral insulin molecule, IN-105, are on track. We continue to engage with potential partners to out-licensing discussions for our novel anti-CD6 molecule, Itolizumab.
 
Research Services

The research services segment grew by 12% YoY in Q1 FY15, recording revenues of 172 Crs. This quarter witnessed the extension of our research collaboration with Bristol Myers Squibb, for 5 years. This extension of our longest standing collaboration, validates our integrated drug discovery model and reiterates our commitment towards quality, world class research.
 
Commenting on this performance, Peter Bains, Director Syngene International, said, “We have made a steady start to the new fiscal, and will build upon this performance during the course of the year. We have been investing in capacity expansions, some of which will come into play in the latter half of FY15. The new capacities will help us expand our order book and build growth momentum. A key milestone this quarter was the extension of our partnership with Bristol Myers Squibb until the year 2020.”
 
Appointments:
 
Mr. Siddharth Mittal, President – Finance has been appointed as Chief Financial Officer of Biocon Limited effective August 01, 2014. He joined Biocon in May 2013 and takes over from Mr. Murali Krishnan, who retires after more than 30 years of distinguished service with the organization.
 
Siddharth is a Chartered Accountant (India) and a CPA (US) and has more than 15 years of global and diversified experience. Prior to joining Biocon, he was Vice President-Finance and Corporate Controller with a leading US based multinational Information Technology Company based in Bangalore.

Outlook

The inherent growth drivers for our business remain intact and will play out over the course of this year. The progress in our development pipeline (across biosimilars and novel molecules) will help some of our molecules to enter the clinic. However, these milestones are subject to various external dynamics including the business and clinical trial environment in the country. We continue to make investments across infrastructure and people, to support our growth and work steadfastly to deliver strong, sustained value growth to our stakeholders.


About Biocon


Biocon Limited (BSE code: 532523, NSE Id: BIOCON, ISIN Id: INE376G01013) is a fully-integrated, innovation-led, emerging global biopharmaceutical enterprise serving customers in over 85 countries. It is committed to reduce therapy costs of chronic diseases, like autoimmune, diabetes, and cancer to enable access to affordable healthcare solutions for patients, partners and healthcare systems across the globe. Biocon's key innovations include two novel biologics, BioMAb EGFR® for cancer and ALZUMAb™ for psoriasis. The company has also introduced CANMAb™, the world’s most affordable trastuzumab, for HER2- positive  breast cancer and has pioneered the development of the world's first pichia-based recombinant human Insulin, INSUGEN®  and insulin analog Glargine, BASALOG®.  www.biocon.com
 
Disclaimer

Certain statements in this release concerning our future growth prospects are forward-looking statements, which are subject to a number of risks, uncertainties and assumptions that could cause actual results to differ materially from those contemplated in such forward-looking statements. Important factors that could cause actual results to differ materially from our expectations include, amongst others general economic and business conditions in India, our ability to successfully implement our strategy, our research and development efforts, our growth and expansion plans and technological changes, changes in the value of the Rupee and other currency changes, changes in the Indian and international interest rates, change in laws and regulations that apply to the Indian and global biotechnology and pharmaceuticals industries, increasing competition in and the conditions of the Indian biotechnology and pharmaceuticals industries, changes in political conditions in India and changes in the foreign exchange control regulations in India. Neither our company, our directors, nor any of our affiliates, have any obligation to update or otherwise revise any statements reflecting circumstances arising after this date or to reflect the occurrence of underlying events, even if the underlying assumptions do not come to fruition.
 
Earnings Call

The company will conduct an hour long call at 12:30 PM IST on July 25, 2014 where the senior management will discuss the company’s performance and answer questions from participants. To participate in this conference call, please dial the numbers provided below five to ten minutes ahead of the scheduled start time. The dial-in number for this call is +91-22-3938 1081/ 6746 5891.  Other toll numbers are listed in the conference call invite which is posted on the company website www.biocon.com. The operator will provide instructions on asking questions before the start of the call. To receive reminders for the earnings call, you can register here. A replay of this call will also be available from July 25, 2014 – August 02, 2014 on +91 22 6181 3322, Playback ID: 311121.  The transcript of the conference call will be posted on the company website within 7 working days of the investor conference call.

To view the Fact Sheet, please click on the link given below:

Biocon Fact Sheet - Q1FY15

 
Media Contact Details

Saurabh Paliwal, Investor Relations Biocon Limited, ,+91-9538380801 , saurabh.paliwal@biocon.com

Sweta Pachlangiya, Investor Relations Biocon Limited, ,+91-9686509372 , sweta.pachlangiya@syngeneintl.com

Seema Ahuja, Media Relations Biocon Limited, ,+91-9972317792 , seema.ahuja@biocon.com

Rumman Ahmed, Biocon Limited, ,+91-9845104173 , rumman.ahmed@biocon.com

 

KEYWORDS: Business/ Finance:Banking & Financial services, Business Services, Financial Analyst & Investors, Healthcare & biotechnology, Stock Exchanges

 

If you wish to change your Business Wire India selection please visit on Business Wire India and use your personal username and password to login.

 
Submit your press release at http://www.businesswireindia.com
 
Note : This is system generated mail. Please do not reply to it.
 

Thursday, July 24, 2014

BWI: Mahindra Finance Announces Unaudited Financial Results for the Quarter Ended 30th June, 2014

 
Source : Mahindra & Mahindra Financial Services Limited
Thursday, July 24, 2014 7:09PM IST (1:39PM GMT)
 
(BSE:532720)
Mahindra Finance Announces Unaudited Financial Results for the Quarter Ended 30th June, 2014
 
Mumbai, Maharashtra, India

  • F-2015 Q1 Income up by 18%
  • F-2015 Q1 PAT down by 16 %

The Board of Directors of Mahindra & Mahindra Financial Services Limited (Mahindra Finance / MMFSL), a leading provider of financial services in the rural and semi-urban markets, announced today, the unaudited financial results for the quarter ended 30th June, 2014.

F-2015 Q1 Consolidated Results

The Total Income increased by 18% at Rs. 1384 crores during the quarter ended 30th June, 2014 as against Rs.1171 crores in the corresponding period last year. The Profit After Tax (PAT) declined by 16% to Rs. 170 crores during the quarter ended 30th June, 2014 as against Rs. 203 crores during the corresponding period last year.

F-2015 Q1 Standalone Results

The Total Income increased by 17% at Rs. 1283 crores during the quarter ended 30th June, 2014 as against Rs.1099 crores in the corresponding period last year.  The Profit After Tax (PAT) declined by 19% to Rs. 155 crores during the quarter ended 30th June 2014 as against Rs.191 crores during the corresponding period last year.

Operations

The first Quarter results were impacted by lower collection efficiency in April and May due to reduced number of effective working days. The announcement by the India Meteorological Department (IMD) of expected Low Monsoon also had negative impact. The outlook for the year got a small boost with the month of June witnessing an improvement over the previous two months of the quarter.
 
 
MMFSL currently has a network of 998 offices and Total Assets Under Management of Rs.34271 crores as on 30th June 2014 as against Rs. 29539 crores as on 30th June 2013, a growth of 16%.

The Company continued to broad base its consortium of lenders by bringing in new Banks, Mutual Funds, Insurance Companies and Trusts.

SUBSIDIARIES

Mahindra Insurance Brokers Limited (MIBL)

During the quarter year ended 30th June 2014, MIBL registered income at Rs.26.6 Crores as against Rs.24.7 Crores, registering a growth of 8% over the same period previous year. The Profit After Tax (PAT) registered was Rs.8.5 Crores as against Rs.7.9 Crores, registering a growth of 8% over the same period previous year.

Mahindra Rural Housing Finance Limited (MRHFL)

During the quarter ended 30th June 2014, MRHFL disbursed Rs. 211.5 Crores as against Rs. 113.1 Crores during the same period previous year, registering a growth of 87% over the same period previous year. MRHFL registered income at Rs. 67.4 crores as against Rs. 42.2 crores, a growth of 60% over the same period previous year.  The Profit After Tax (PAT) was Rs. 5.2 Crores as against Rs. 2.6 Crores, registering a growth of 100% over the same period previous year.

About Mahindra & Mahindra Financial Services Limited
 
Mahindra & Mahindra Financial Services Limited (MMFSL), part of the USD 16.5 billion Mahindra Group, is one of India’s leading non-banking finance companies. Focused on the rural and semi-urban sector, the Company has over 3 million customers and has an AUM of over USD 5 billion. The Company is a leading vehicle and tractor financier and also offers fixed deposits and loans to SMEs. The Company has over 1,000 offices across the country and is the first finance Company from India to form a part of Dow Jones Sustainability Index. 
 
The Company's Insurance Broking subsidiary, Mahindra Insurance Brokers Limited (MIBL), is a licensed Composite Broker providing Direct and Reinsurance broking services. 
 
Mahindra Rural Housing Finance Limited (MRHFL), another subsidiary of MMFSL provides loans for purchase, renovation, construction of houses to individuals in the rural areas of the country. The regulator, National Housing Bank (NHB) has 12.5% equity stake in the Company.
 
The Company has a JV in US, Mahindra Finance USA, in partnership with De Lage Landen, a subsidiary of Rabo Bank, for financing Mahindra tractors in US.
 
Visit us at www.mahindrafinance.com
 
About Mahindra

The Mahindra Group focuses on enabling people to rise through solutions that power mobility, drive rural prosperity, enhance urban lifestyles and increase business efficiency.
 
A USD 16.5 billion multinational group based in Mumbai, India, Mahindra employs more than 180,000 people in over 100 countries. Mahindra operates in the key industries that drive economic growth, enjoying a leadership position in tractorsutility vehiclesinformation technology, financial services  and vacation ownership. In addition, Mahindra enjoys a strong presence in the agribusiness, aerospace, components, consulting services, defence, energy, industrial equipment, logistics, real estate, retail, steel, commercial vehicles and two wheeler industries.
 
In 2014, Mahindra featured on the Forbes Global 2000, a comprehensive listing of the world’s largest, most powerful public companies, as measured by revenue, profit, assets and market value. The Mahindra Group also received the Financial Times ‘Boldness in Business’ Award in the ‘Emerging Markets’ category in 2013.

Visit us at www.mahindra.com

Our Social Media Channels -

Facebook 
Pinterest 
Twitter
Linkedin

 
Media Contact Details

Ruzbeh Irani, Chief Group Communications and Ethics Officer and Member of the Group Executive Board Mahindra Group, ,+91 (22) 2490 1441 , group.communications@mahindra.com

 

KEYWORDS: Business/ Finance:Banking & Financial services, Financial Analyst & Investors, Major diversified industrial groups, Manufacturing Companies, Stock Exchanges, Technology

 

If you wish to change your Business Wire India selection please visit on Business Wire India and use your personal username and password to login.

 
Submit your press release at http://www.businesswireindia.com
 
Note : This is system generated mail. Please do not reply to it.
 

BWI: Mobile Push: Follow Indian Stock Markets in Hindi and Gujarati Now

 
Source : moneycontrol.com
Thursday, July 24, 2014 4:30PM IST (11:00AM GMT)
 
Mobile Push: Follow Indian Stock Markets in Hindi and Gujarati Now
 
Mumbai, Maharashtra, India

  • moneycontrol app is available in  English, Hindi & Gujarati
  • Follow Stock market movements
  • Track your personal investments
  • Watch Live TV on the app in English, Hindi & Gujarati 

moneycontrol.com, India’s leading Business and finance portal, today announced that its free mobile app is now available in Hindi & Gujarati. The moneycontrol app is the most popular mobile app to follow the financial markets. One can follow real-time market news, stock market movements and track his/her investment portfolio. Besides, one can also watch CNBC TV-18 (English), CNBC Awaaj (Hindi), CNBC Bajar (Gujarati) and CNBC-TV 18 Prime HD TV channels LIVE on this app.
 
Speaking about this strategic launch, Rubeena Singh, COO, moneycontrol.com, said “Four Hindi speaking states and Gujarat are among the top 10 moneycontrol traffic regions.  Many users prefer to follow financial markets in their own language. moneycontrol multilingual app will bridge this gap.”

The moneycontrol app features include
 
  • Live TV – CNBC TV-18, CNBC Awaaj, CNBC Bajar and CNBC-TV 18 Prime HD
  • Real-time stock market movements, business news, announcements
  • Customised – Portfolio, stock watch list , ticker
  • Message board – share and read opinion from other investors

The app is available for free download on Android and IOS stores. After downloading the app, just go to settings and select your preferred language.

About moneycontrol
 
moneycontrol.com is India’s biggest financial and business portal. Whether you are an investor, trader, professional or just interested in business, economy and financial markets, you will find information on moneycontrol invaluable. It is a part of Network18 Media and Investments. www.moneycontrol.com

About Network18
 
The Network18 Group is a media and entertainment company with interests in television, internet, films, e-commerce, magazines, mobile content and allied businesses. Through its subsidiary 'TV18 Broadcast Ltd.' [BSE: 532800, NSE: TV18BRDCST], the group operates news channels - CNBC-TV18, CNBC Awaaz, CNBC-TV18 Prime HD, CNN-IBN, IBN7 and IBN-Lokmat (a Marathi regional news channel in partnership with the Lokmat group). TV18 also operates a joint venture with Viacom, called Viacom18, which houses a portfolio of popular entertainment channels – Colors, Colors HD, MTV, Comedy Central, Vh1, Nick, Sonic, Nick Jr./Teen Nick and Viacom18 Motion Pictures, the group’s filmed entertainment business. TV18 has also forayed into the Indian factual entertainment space through A+E Networks | TV18 (a joint venture between A+E Networks and TV18 Broadcast) and operates HistoryTV18. TV18 and Viacom18 have also formed a strategic joint venture called IndiaCast, a multi-platform 'content asset monetization' entity that drives domestic and international channel distribution, placement services and content syndication for the bouquet of channels from TV18, Viacom18 and other broadcasters. Through 'Network18 Media & Investments Ltd.' [BSE: 532798, NSE: Network18], the group operates its digital, publishing and e-commerce assets including moneycontrol.com, ibnlive.com, in.com and firstpost.com. 'Network18' also operates e-commerce properties like HomeShop18 and bookmyshow.com and publishes Forbes India, the nation's first local edition of a foreign news magazine title, in collaboration with Forbes Media. In addition, through 'Network18', the group operates Network18 Publishing, a player in the special interest publishing space. 'Network18' has investments in Yatra, Stargaze and other Capital18 portfolio companies. 

 
Media Contact Details

Prashant Jain, Moneycontrol.com, , prashant.jain@network18online.com

 

KEYWORDS: Business/ Finance:Advertising, PR & marketing, Banking & Financial services, Business Services, Financial Analyst & Investors, Media & Entertainment, Technology;General:Consumer interest, Internet

 

If you wish to change your Business Wire India selection please visit on Business Wire India and use your personal username and password to login.

 
Submit your press release at http://www.businesswireindia.com
 
Note : This is system generated mail. Please do not reply to it.
 

BWI: Now Shop at India’s First Online Factory Outlet on ShopClues.com

 
Source : ShopClues.com
Thursday, July 24, 2014 3:46PM IST (10:16AM GMT)
 
Now Shop at India's First Online Factory Outlet on ShopClues.com
Popular Brands available at rock-bottom Prices!
 
New Delhi, Delhi, India

ShopClues.com, India’s first and largest fully-managed online marketplace announces the launch of the ShopClues Factory Outlet program. This unique e-tailing format brings the world’s best-loved brands under one roof and offers them at pocket-friendly prices.

Factory Outlets are part of a popular retail format for shoppers in metro cities. Being a true-reflection of offline retail in India, ShopClues has now brought this format online so customers from all across the country can enjoy the experience of shopping at a Factory Outlet.   

While the programme makes branded goods affordable and accessible for customers, it’s an ideal opportunity for merchants to clear out off-season SKUs, excess inventory or slow-moving stock by offering these products at heavily-discounted prices. Brand owners, distributors and franchise holders can participate in ShopClues Factory Outlet program to sell their products.

Sanjay Sethi, CEO & Co-Founder of ShopClues.com, said, “After the success of our innovative retail formats like the Sunday Flea Market, ShopClues WholeSale and National Retail Heritage, we have introduced yet another pioneering initiative in the e-commerce space. The ShopClues Factory Outlet promises to bring aspirational brands within reach for customers in tier 2/3 towns.”

Some of the popular categories in focus include Fashion, Footwear, Watches, Electronics, Home Furnishing, Sports, among others.

For more information, please click on the link: http://www.shopclues.com/factoryoutlet

About ShopClues.com:

Founded in July 2011 in Silicon Valley, ShopClues.com is India's first and the largest managed marketplace that connects buyers and sellers online and offers a trusted and safe online shopping experience. With our customer centric approach we provide the best online shopping experience to our customers - starting from the great selection, low price, ease of use, fast delivery, and ending with the best customer service you have ever experienced. ShopClues ships in over 12k cities across India and has thousands of online stores. ShopClues is funded by leading institutional investors, is an Indian subsidiary of Clues Network Inc., a US Corporation and is based out of Gurgaon.

 
Media Contact Details

Saloni Murari, Account Executive Value 360 Communications, ,+91-9711972060 , saloni@value360india.com

 

KEYWORDS: Business/ Finance:Advertising, PR & marketing, Business Services, Clothing & Accessories, Consumer Electronics, Retailers, Technology;General:Consumer interest, Fashion, Internet, Lifestyle

 

If you wish to change your Business Wire India selection please visit on Business Wire India and use your personal username and password to login.

 
Submit your press release at http://www.businesswireindia.com
 
Note : This is system generated mail. Please do not reply to it.