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BW Businessworld

Ratan Tata To Sit On Board of Trustees Of Interpol Foundation

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Tata Sons' Chairman Emeritus Ratan Tata has agreed to sit on the board of Trustees of Interpol Foundation For A Safer World and contribute to the success of Protecting Cultural Property & Heritage and Modernising Channels  of International Judicial Cooperation inititives.

Keys Hotels Appoints Vikas Chadha As Executive Director & CFO
Key Hotels, a brand of Berggruen Hotels, appointed Vikas Chadha on its Board of Directors. Chadha has been the Chief Financial Officer for Berggruen Hotels since 2011 and following this announcement, his new designation would be executive director and chief financial officer.  He is a Chartered accountant with more than 18 years of work experience and has worked across sectors in the field of finance, strategy, fund raise, technology and supply chain.

Sanjay Sethi, MD and CEO, Berggruen Hotels, said, “Vikas has been instrumental in developing the company’s financial strategies and business plans. He has successfully raised funds and structured debt for the company.”  He will play a vital role in expanding the portfolio and presence of Berggruen Hotels as the group continues to focus on growth. He would also continue to lead the company’s technology initiatives and ensure cutting edge and best in class technology across all levels.

Tata Docomo, NDMC To Launch Public Wi-Fi Access In Connaught Place
Tata Docomo, the unified telecom brand of Tata Teleservices Limited, in association with New Delhi Municipal Council will launch the Public Wi-Fi access in Connaught Place on 16 November.

Taking a cue from the Prime Minister Narendra Modi smart city vision, NDMC has partnered with Tata Teleservices to provide Wi-Fi which will cover more than 4.5 sq. km, the deployment of CP Wi-Fi hotspot will ensure seamless connectivity in the inner and outer circles of one of the most significant business and leisure centres in the city.

The launch is in sync with the emerging trends of data consumption especially by the younger generation for whom it is imperative to stay connected around the clock. The addition of Wi-Fi services in Connaught Place will be another feather added to the rich heritage of the place.

NDMC had called for Expression of Interest (EoI) for providing Wi-Fi services which fall under NDMC. Tata Teleservices opted to Wi-Fi the Connaught Place.

Coke2Home.com Launches On Junglee.com

Junglee.com, a shopping search & comparison site has launched www.Coke2Home.com, an e-commerce initiative of Hindustan Coca-Cola Beverages as a seller on its platform. With this partnership, Coke2Home.com can now connect with millions of high intent Junglee shoppers as well as with over 5.5 million Facebook fans, India’s largest ecommerce fan base and provide them with an easy access to the company’s entire product range.

“With millions of visitors using Junglee as the starting point to their online shopping, brands are increasingly seeing great value in listing their offering on the site and improving discoverability. The resultant high intent traffic coming from Junglee works to the brand’s advantage. Customers in-turn benefit from getting easy access to Coca-Cola’s entire range of beverages and the convenience of getting the products delivered at their doorsteps at click of a button,” said Mahendra Nerurkar, General Manager, Junglee.com.

With the huge portfolio of 30 million product listings across hundreds of categories, from over 2,300 online shopping sites and 100,000 neighborhood  stores, Junglee.com remains at the top of the pack, offering a single most convenient online platform for finding products. Junglee.com offers a single convenient place where customers can find virtually any product, compare prices across online and offline shopping destinations, read product and seller reviews, and find nearby sellers..

Kwality Net Up 21% To Rs 1296.87 Cr
Kwality Limited, India's premier dairy food company reported net sales of Rs 1296.87 crore for Q2FY15 up by 21 per cent as against Rs 1072.75 crore in the corresponding quarter of last year; Net Profit during the same period stood at Rs 36.57 crore up by 22 per cent as against Rs 29.98 crore for the quarter ended 30th September 2013. The EBIDTA of Rs. 78.25 crore is up by 21% as against Rs 64.68 crore in the corresponding quarter of last year. EPS for the quarter was Rs 1.80 (Re 1 face value share) as against Rs 1.48 in the same quarter of last fiscal.

For the Half Year ended September 30, 2014, the company reported net sales of Rs 2623.09 crores up by 24 per cent for H1FY15 as against Rs 2115.30 crores in the corresponding quarter of last year; Net Profit during the same period stood at Rs 70.67 crore up by 21 per cent at as against Rs 58.19 crore for the quarter ended 30 September 2013. The EBIDTA of Rs 155.12 crore is up by 24 per cent as against Rs 124.80 crore in the corresponding quarter of last year.

Sidhant Gupta – Executive Director, Kwality Ltd said, “The last quarter was in sync with our growth agenda and we are satisfied to register a growth in sales of 21% in this quarter as compared to Q2 FY2014. The continued success of our exploration and newly appointed business transformation team headed by industry stalwarts will help Kwality position as the global leaders in the dairy industry. We are hopeful that the payoff from our cost optimization projects and improvement in market sentiments should help us deliver superior performance in the coming quarters”.

Telit Unveils Two New 3G-Only Modules
Telit Wireless Solutions, a global provider of machine-to-machine (M2M) solutions, announced the introduction of the smallest 3G-only cellular module, the UE866. The product incorporates powerful and reliable firmware and is designed for pin-to-pin compatibility with the popular GE866 for seamless migration from 2G to 3G. Built on the latest technology available in the market, the UE866 provides long-term availability in an ultra-compact form factor, ideal for telematics applications.

Telit is also introducing the latest addition to its popular xE910 family, the 3G-onlyUE910 – which incorporates an optional embedded SIM for applications requiring rugged reliability. The xE910 Unified Form Factor family is comprised of pin-to-pin compatible modules in Telit’s broadest range of cellular air interfaces and band combinations.

Telit’s family form factor approach allows customers to ’design once and deploy globally’. A one-time design and integration effort enables worldwide or regional device re-use across different data rates and wireless technologies with air interfaces in GSM | GPRS, UMTS | HSPA+, 1xRTT, EV-DO, and LTE. The new UE866 and UE910 provides a particularly useful option for North American customers preparing their applications to outlast the upcoming 2G sunset.

Security Considerations Are Imperative During The Government’s Software Procurement: BSA-DSCI Report
BSA, The Software Alliance along with Data Security Council of India (DSCI), today announced the release of their  latest study titled, “Security considerations in software procurement by government agencies in India”, undertaken in partnership with the. The study unveiled today by Mr. Anurag Singh Thakur, Chairman, Parliamentary Committee on IT, takes a detailed look at the Indian government’s and its various agencies’ existing software procurement policies and outlines global best practices for software procurement. It aims to help streamline the central and state governments’ procurement processes and encourage the use of properly licensed software to minimize security threats. Currently, a comprehensive legal framework or mandatory policy guidelines for driving software procurement by government agencies is absent. Central and state governments have evolved their own laws and regulations which treat the process of software procurement differently and often do not address security requirements.
 
The study underscores a strong need to add security as one of the evaluation criteria for assessing software and/or software provider during the procurement process. Other recommendations include:
  • The government should mandate incorporation of information security requirements in the procurement of software by government agencies including central and state agencies through an appropriate policy and legal framework.
  • The government must include detailed security requirements in the RFI / RFP process for procuring software.
  • Assess software security through its entire lifecycle from design and development to testing and maintenance against international standards
  • Eliminate counterfeit and unlicensed software from the software supply chains to reduce security vulnerabilities
  •  Create a Centre of Excellence (CoE) through the public-private partnership model to provide procedural and technical guidance to the government agencies vis-à-vis addressing software security risks and meeting the legal or regulatory requirements
  • Increase awareness on the benefits of procuring legitimate software and using secure software lifecycle management; software supply chain issues, risks, solutions, standards, guidelines and best practices.