GETIT Appoints Jaspreet Bindra As New CEO
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GETIT Infoservices, India’s leading digital marketing company offering a platform for Local search, Classifieds, Micro Communities, Deals has been announced the appointment of Jaspreet Bindra as the new Chief Executive Officer, In a move to lead the company to next level of growth and innovation.
Jaspreet started his career with the Tata Administrative Services (TAS), and spent eleven years with the Tata Group, across the FMCG and telecom businesses of the Group. He worked with Microsoft India for 6 years in leadership positions, heading its Internet business and, subsequently, the Retail, Entertainment and Devices businesses. He was also a part of the startup team of Baazee.com (now EBay India), as its COO. Jaspreet has been involved with the tech startup ecosystem as an entrepreneur, mentor and advisor. He has also been a part of several industry forums – as the Vice Chairman of the Internet and Mobile Association of India (IAMAI), Member of FICCI Media & Entertainment Committee, etc. Business Today listed him as one of the ‘The Top 25 Young Managers in India’.
L&T Insurance Partners FINISH For A Micro-Health Insurance Project
L&T Insurance has been announced a partnership with FINISH (Financial Inclusion Improves Sanitation and Health) to provide micro health insurance in rural India. FINISH is a Public-Private Partnership, supported by the Dutch government, aimed at provision of 0.5 million sustainable sanitation systems in different states of India.
The FINISH programme has promoters such as SNS-REAAL (Netherlands), United Nations University (UNU, Maastricht) and WASTE (Netherlands) with implementation also supported by National Housing Bank (NHB), National Bank for Agricultural and Rural Development (NABARD) vide their representation in the Programme Management Board.
In the first phase of this project, FINISH will act as a partner to identify and facilitate enrolment of grassroots Civil Society organizations that are also implementing hygiene and sanitation programs, as Micro Insurance Agents (MIAs) for L&T Insurance, in pockets of the 3 states of Maharashtra, Rajasthan and Orissa, where FINISH project is under implementation. In the second phase FINISH will build capacity of MIAs and the Specified Persons (SPs) for efficiently bringing width and depth to the distribution and service of L&T Insurance’s micro health insurance products.
Rolta's Consolidated Revenue Grows 12%, NP 11.4% Sequentially
Rolta India Limited, a leading provider of innovative IT solutions for many vertical segments has been announced unaudited financial results for quarter ended December 31, 2012 (Q2 FY-13) which have undergone a limited review by statutory auditors of the company.
Consolidated Revenue for Q2 FY-13 at Rs 526.48 crore (Rs 5.26 Billion) against Rs 470.14 crore (Rs 4.70 billion) in Q1 FY-13, registering a sequential growth of 12.0 per cent.
Consolidated Profit after Tax for Q2 FY-13 at Rs 70.39 crore (Rs 0.70 Billion) against Rs 63.21 crores (Rs 0.63 Billion) in Q1 FY-13, registering a sequential growth of 11.4 per cent.
Eros International, Endemol India Announce A Strategic Alliance
Eros International Media (Eros International), the leading global company in the Indian film entertainment industry, and Endemol India, producers of some of the most spectacular television content has been announced a strategic alliance to co-produce three feature films as well as original programming for television. The collaboration has earmarked Rs 100 crores to fund these three productions.
As a part of the three film deal, Eros International and Endemol India will be co-producing an action comedy which will be a remake of a South Indian blockbuster, an original romantic comedy and a comic caper. Targeted at Bollywood enthusiasts across genres, the first film to be made will be a romantic comedy, which will go on floors later this year.
With Eros recently announcing their foray into premium television with HBO, television formats and original programming for television is another area that Eros and Endemol will collaborate on and many of Eros owned film Intellectual Property Rights will be considered for adaptation for the television format and vice versa for Endemol owned Intellectual Property Right.
Polaris Partners With Numerix For Credit Valuation Adjustment
Polaris Financial Technology, a leader in products, solutions and services that enable unprecedented operational productivity for the global Financial Services industry, today signed a definitive agreement with US based Numerix, a leading provider of cross-asset analytics for derivatives valuations and risk management. Leveraging Numerix’s newly introduced analytics calculation engine, CrossAsset Server and CrossAsset Integration Layer for the integration, this partnership will provide clients with Numerix risk analytics for improved risk monitoring, increased transparency and decision making.
Polaris’ Intellect Risk and Treasury has more than 40 customers across 80 countries, which will now be able to comply with Basel regulatory requirements, such as consistent pricing, stress testing and accurate reporting of Credit Valuation Adjustment for robust Counterparty Credit Risk management, by leveraging Numerix’s comprehensive model library and risk analytics embedded as part of the solution. In addition, Polaris will support banks to integrate Numerix models into their end-to-end pricing and risk management solutions.
Bhasker Iyer Named Divisional Vice President, India For Abbott’s Pharmaceuticals
Bhasker Iyer has been named Divisional Vice President, India Commercial Operations, Abbott Established Pharmaceuticals, effective February 18, 2013. Bhasker Iyer will report into Mike Warmuth, Executive Vice President, Established Pharmaceuticals Division, Abbott.
Bhasker Iyer brings over 30 years pharmaceutical industry experience in sales, marketing, business development and general management to this new role at Abbott. He has worked for a number of pharmaceutical companies, most recently at Wockhardt where he held the position of President India and Emerging Markets.
Abbott’s pharmaceuticals business in India - Abbott India Limited, Abbott Healthcare Solutions and Abbott True Care - will report into this newly established position. Bhasker Iyer will work with the business leadership teams to identify further opportunities to expand access to Abbott’s broad portfolio of quality products in India which are adapted to the needs of the Indian population.