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Hero Cycles Achieves Over 5 lakh Bicycles Monthly Productions

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Hero Cycles, bicycle manufacturer, has produced 5.09 lakh bicycles as it moves ahead to meet its sales target of 6 million units for this year.

Hero Cycles has been aggressive on growth in numbers, especially in the premium segment with its new high-end brand “Hero Sprint” driving the growth. The company is targeting a robust 15 per cent growth this year, riding on plans to expand manufacturing, producing latest technology bicycles and focusing on the high end segment.

Pankaj Munjal, Co-Chairman and Managing Director of Hero Cycles, said: “With the increased production numbers to meet the increased demand, Hero Cycles has now improved its market share to 43 per cent amongst the organized sector bicycle manufacturers and 39% including the unorganised makers,”

The company believes this landmark of crossing 5 lakh units in production in a month is perfectly in line with its 6 million sales target for this year.

Innovative Test Designed In New Zealand Could Save Lives Of Indian Babies Each Year
More than 300,000 babies die within the first 24 hours of being born in India every year, according to the latest State of the World’s Mothers Report from Save The Children.

An innovative new low cost ToRCH testing kit designed in New Zealand aims to help doctors prevent thousands of these deaths and assist in reducing India’s infant mortality rate.

The brain child of Indian born scientists, Dr Sarita and Dr Anand Kumble of New Zealand company Pictor, the testing kit provides a simple low cost testing platform for five of the major killers of infants - Toxoplasma, Rubella, Cytomegalovirus and Herpes Simplex Virus 1 and 2 Known as the ToRCH test, the name is an acronym for the five infectious diseases.

Used on expectant mothers, Pictor Limited’s test utilises cutting-edge immunodiagnostic technology which allows up to eight tests to be accurately performed together on a specially designed microscope slide, using only a single drop of blood. Results are read on the company’s low cost portable reader powered through a computer USB port, and analysed using Pictor’s exclusive data analysis software which provides results within two minutes of test completion

Dr Kumble of Pictor Limited, said: “The ToRCH infections are responsible for causing over 20 per cent of deaths in new born infants in India and across South East Asia.  These diseases also cause hearing impairment, eye problems, mental retardation, and autism. Traditional tests examining these pathogens have often been too expensive for many poorer families, leaving doctors to make their diagnosis based on symptoms alone".

Pictor launched the ToRCH test in the Indian market this month with distribution partner, Lilac Medicare - a leading Indian in-vitro diagnostics company.  Lilac has strong relationships with a broad spectrum of laboratories across India and overseas.

Strides Arcolab Receives ANDA Approval From USFDA

Strides Arcolab, pharmaceutical company headquartered in Bangalore, has received tentative approval from the US FDA for its anti aids combination drug Tenofovir Disoproxil Fumarate and Emtricitabine Tablets, 300mg and 200mg.

The Company is one among the six generics company to have received USFDA approval. This abbreviated new drug application (ANDA) has been reviewed under the expedited provisions of the President’s Emergency Plan for AIDS relief (PEPFAR).

The company supplies ARV products to global procurement agencies and this approval adds to the overall basket of medicines available.

Tenofovir Disoproxil Fumarate and Emtricitabine Tablets: The combination drug is the generic equivalent of Gilead Sciences Inc’s Truvada Tablets and falls under the anti-retroviral (ARV) segment. It is indicated in combination with other anti-retroviral agents for the treatment of HIV-1 infection in adults.

The company has 14 manufacturing facilities across 6 countries with presence in more than 75 countries in developed and emerging markets. Manufacturing is ably supported by a 350-scientist strong global R&D Centre located in Bangalore.

Propalms Acquires Thinspace
Propalms, a server based computing technology based on Microsoft Remote Desktop Services, Hypervisor based VDI and Enterprise remote access solutions, has announced that it has acquired certain assets from Thinspace, a leading cloud client solution provider headquartered in Cheshire, UK, with an extensive public sector customer base.

Robert Zysblat, President of Propalms said, "There are tremendous growth opportunities in our sector. The asset acquisition of Thinspace is a strategic step forward for Propalms to expand its cloud centric offerings. The addition of Thinspace's highly customizable thin client and zero client solutions will enable Propalms to provide best-fit solutions, further simplify application and desktop deployment, and offer fully integrated long-term support to its customers."

Under the terms of the transaction, Propalms will take over all cloud client related business and assets from Thinspace, including products, websites, brand names, customers, and all on-going contracts. All Thinspace existing and future customers will be supported by Propalms.

Logitech Introduces Other Half Of Your iPad Mini

Logitech India, computer peripherals company, has announced the latest addition of tablet accessories, the Ultrathin Keyboard cover for the iPad Mini and available in India, for a price of Rs 6,795.

The durable Logitech Ultrathin Keyboard mini attaches securely with the click of powerful integrated magnets to protect the device, and it matches the aluminum styling of the iPad mini without adding additional weight. The keyboard itself features a traditional typing layout within a small seven-inch form factor, plus iPad mini function shortcut keys. It can also be used it as a hands-free view stand. 

Subrotah Biswas, Director, Logitech India and South West Asia, said, “Logitech’s focus has always remained on providing products and solutions that help our customers in having a better digital experience. We are excited to introduce the Logitech Ultrathin Keyboard mini as a perfect companion for your iPad mini. Its durable seven-inch design and full-size keys help you make the most of you iPad mini experience.”

ClickSoftware Launches ClickWorkforce On AppExchange
ClickSoftware Technologies has launched ClickWorkforce, a mobile workforce management application suite, on AppExchange, empowering businesses to connect with customers, partners and employees in entirely new ways.

ClickWorkforce provides customers with an enterprise-grade cloud solution to automate and optimise the performance of service organisations through appointment booking, scheduling and mobility offerings, for enhanced customer experience and bottom line savings.

Hannan Carmeli, President and COO at ClickSoftware. “Leveraging the power and flexibility of cloud computing combined with the real-time benefits of mobile workforce management, companies small and large will benefit from efficiencies provided by ClickWorkforce delivered within Salesforce. The new solution will enable all departments of a service organization to gain deeper visibility into all customer activity, and we are encouraged by the level of interest this offering has already generated in a short time span.”

e-Revenue Gateway Partners With ElectraCard Services to Introduce Contactless Electronic Payments
ElectraCard Services (ECS), a leading provider of software and processing solutions for electronic payment systems, powers e-Revenue Gateway (e-RG), a payment processing and electronic transaction switching company, to launch contactless electronic payments in Nigeria.

ECS’ PA-DSS compliant platform will help e-RG to launch programs with multiple financial institutions and channels like ATM/ POS/ Internet/ Mobile on the same platform. Contactless, otherwise commonly known as “tap & go” payment cards, are more convenient to use and perfectly aligns to “Cashless Nigeria” initiative of Central bank of Nigeria (CBN).

The eRG payment cards offer consumers a choice of debit or prepaid Smart Cards with the first NFC (Near Field Communication) capabilities in the country. e-RG’s platform is meant to better serve clientele in making and accepting payments, tax remittances and utility bill payments. This is the next generation payment technology that enables the customers to make payments without swiping their card. 

The launch of this card by e-RG enables all card users to pay their bills in a safe, secure and seamless environment along with the use of the card for personal requirements. The electra iTx suite of products will assist e-RG in its plans to increase the card base to 50 Million users in the next five years. The CBN’ Cashless Policy is a vision of a world beyond cash and believes that electronic payments can enable economic growth and create a more financially inclusive economy.

Destimoney Wins Business Excellence For Financial Advisory Award
Destimoney Enterprises, a mortgage solution providers won the 'Business Excellence for Financial Advisory of the year' award.

Parnami, CEO, Distribution at Destimoney Enterprises Private Limited, said "The journey has been long and arduous, with over six years of hard work but it has been well worth the wait. It is extremely satisfying for the organization to be recognized as one of the Business Leaders in the Financial Advisory space and I am personally delighted in accepting this award. It further re-affirms the team strategy and commitment to new messaging and a fresh value proposition, coupled with an interactive website and a rejuvenated go-to-market strategy"

The Business Leadership Awards was organised by Worldwide Achievers (Erstwhile Time Research ), a marketing research companies. Destimoney Enterprises was honored in the category of 'Financial Services' Advisory of the year, among the verticals like Banking sector, other financial service provider, real estate companies etc.

This award is an acknowledgment to Destimoney incredible ability to helps the consumer to choose the best loan provider from the leading mortgage financiers and encompassing overall business excellence. Destimoney Enterprises is committed towards development work amongst the communities it serves.