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Srei Total Income Grows 5% To 3,260 Cr

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Srei Infrastructure Finance Limited, an infrastructure financial institutions, recorded a 5 per cent growth in its consolidated total income at Rs 3,260.30 crore during the year ended 31 March 2014 as compared to Rs 3,109.92 crore during period last year.

Srei consolidated assets under management stood at Rs 34,070 crore as on 31 March as compared to Rs 33,330 crore in the previous year. The consolidated disbursement during the year ended, 2014 was recorded at Rs 12,706 crore as compared to Rs 15,667 crore in the last fiscal. The consolidated profit after tax (PAT) stood at Rs 138.51 crore during the year ended 31 March 2014 while the consolidated profit before tax was recorded at Rs 225.62 crore. Operating Profit before exceptional item for the year ended 31 March 2014 stood at Rs 556.53 crore as compared to Rs 561.79 crore during the previous year.

China, Australia Emerge As Major Upcoming Markets For Shale Developments: GlobalData

The development of unconventional oil and gas resources is gaining momentum across the world, with China and Australia becoming two of the most important emerging markets for shale and Coal Bed Methane (CBM) exploration, says research and consulting firm GlobalData.

According to the company’s latest report, China has approximately 643 billion barrels (bbl) of risked, prospective shale oil and 4,746 trillion cubic feet (tcf) of risked shale gas in-place, of which around 32 billion bbl and 1,115 tcf are estimated to be technically recoverable.

Other countries, such as Argentina, Poland, Canada and Venezuela, have also been increasing investment in their shale gas resources. Poland possesses an estimated 1.8 billion bbl of shale oil and 146 tcf of shale gas resources, while Argentina’s estimated technically recoverable shale resources amount to 27 billion bbl oil and 802 tcf of gas, according to GlobalData.

Australia is also witnessing a substantial development of CBM and shale gas resources, according to GlobalData. The country already has a well-developed CBM industry, which would support a number of planned Liquefied Natural Gas export projects.

Dell Attains No. 1 Spot In Indian PC Market In Q1
Dell India, a technology solutions provider, has announced that it has attained the No. 1 position in the Indian PC Market with a 23.1 per cent share across segments in Q1CY2014, according to the International Data Corporation (IDC). With 33.1 per cent share, Dell is also the No.1 Notebook Brand in India. This leadership position, reiterates Dell’s belief in the PC business, and follows an impressive growth trajectory built over the last few quarters in commercial and consumer segments.

Dell showed consistent growth over last few quarters in the consumer & small business segment to successfully capture the No.1 spot in Q1CY14 with 21.4 per cent share. Dell also leads the Small Business segment with an overall share of 26.2 per cent (No.1 in notebook with 61.0 per cent and desktop with 15.4 per cent).

Building on the strengths of its Consumer channel strategy, Dell recently launched a new go to market strategy to further strengthen the reach and availability of its end-user Commercial solutions in the Indian market. This strategy is planned by the company to touch a wider customer and partner base in the Indian market, with extended coverage of Tier-2 and Tier 3 cities.

Astrum Elete Tpad Mini Touchpad Keyboard To Control Smart TV & PC
Astrum Holdings, the company dedicated in creating intelligent products for use with computers, tablets and mobiles, has launched Elete Tpad touch keyboard. This mini keyboard is designed with 61 keys as well as 9 hot multimedia keys.

Wireless 2.4 GHz GFSK Auto link Technology, mini keyboard with 61 keys as well as 9 hot multimedia keys. Convenient rear  touch-pad with Left /Right function switch buttons, operation angle of 360 degree with controls smart TV. Elete Tpad comes with a price of Rs 1400 and available ex-stock with Emporis Peripherals with one year warranty.

Elete Tpad comes with a touchpad which can be used as mouse. It is compatible with PC and smart TV wirelessly with Auto link Technology.

Puneet Dhandharia, Country Manager for Astrum's operation in India said, "Astrum products are known for its high performance and classy looks. We are excited to launch one of our unique products which can perform with PC and Smart TV.  We are confident that customers will feel and enjoy the superior quality and comfort level of the keyboard. "

JK Lakshmi Cement Operating Profits Up 91%
Aided by 18 per cent increase in the production and 2 per cent in the realisation, company’s Turnover has risen to Rs 721.55 crore up by 21 per cent as against Rs 598.16 crore in the corresponding quarter of the previous year.

As compared to the previous quarter company’s production and sales have gone up by 21 per cent and 20 per cent respectively. In the previous quarter company’s turnover was only Rs 560.07 crore.

Company’s Operating Profit improved to Rs 136.55 crore in this quarter as against Rs 118.70 crore in the corresponding quarter of the previous year and Rs 71.60 crore in the quarter October-December 2013.

Company’s Profit before Tax before exceptional item stood at Rs 86.65 crore for the quarter as against Rs 51.05 crore in Jan-March 2013 quarter and Rs 17.74 crore in the preceding quarter. Company has provided Rs 18.50 crore as exceptional item for old dues under litigation. After accounting for exceptional item and tax, company’s Profit after Tax (PAT) jumped by 59 per cent to Rs 52.91 crore in Jan-March 2014 quarter as against Rs 33.34 crore in  the corresponding quarter of previous year. The PAT in fact went up almost 4 times in comparison to the trailing (Q3) quarter figure which stood at Rs 14.09 crore in Oct-Dec 13 quarter.

Cumulatively for the financial year 2013-14 company’s turnover and Operating Profit stood at Rs 2293.59 crore and Rs. 346.23 crore respectively.

MAIT Reaches Out To The ICT Think Tank Of Modi-Led Govt
MAIT, the apex body representing the interests of the IT hardware sector in India, commends the immense technological forte and constant support of the BJPs IT cell in augmenting the vision of the Narendra Modi led Government and playing a crucial role in delivering BJP to power at the Centre, in addition to the Cyberspace. MAIT also appreciates the earnest efforts of Vinit Goenka, National Co-Convener, BJP IT Cell, and Head for verticals E-Governance, ICT Industry Interface & Policy Issues, in driving the campaign and exemplifying the use of IT’s potential to a maximum. The expectations from the Modi led government are very high and therefore we believe that the industry would benefit from the proactive role Vinit Goenka and his team has played in understanding industry needs.

MAIT has been working closely for the past few months with the team advising the new government on ICT.

Perpetuuiti - A Force To Be Reckoned From Asia Pacific
Perpetuuiti Technosoft, a business continuity firm that offers Real-Time Visibility and Availability Management of BCP/Disaster Recovery infrastructure, has been named one of the top players amongst mid-market and SMB cloud service providers in APAC as per Fox’s global research. The report mentions that Perpetuuiti Technosoft started to offer cloud disaster recovery since 2011 to enterprise customers.

The report analyzed how Disaster Recovery on cloud looks positive in terms of future prospects, but lack of knowledge is an area which poses a hurdle for companies to convince its customers to implement it. IT managers need to be educated properly and the Business Continuity (BC)/Disaster Recovery (DR) organizations are expected to play a major role in order to fulfill that need.

The myth about Disaster Recovery that it is only a matter of replicating the critical data to a different site and everything else is taken care of has been proved untrue by Perpetuuiti.  The procedures that are required to be followed to make the data available for perpetual business are the next aspect, where the technical competence and resources are expected to be available when it is needed. Perpetuuiti makes it simpler for customer to offload the entire processes through its flagship products that are tailor made for various aspects of uninterrupted data availability and business continuity.

Spice bags Golden Peacock Award for Pinnacle Pro Mi 535
Spice Retail Limited has won the Golden Peacock Award for Innovative Product for its flagship model Spice Stellar Pinnacle Pro Mi 535. The award has been conferred to Spice for launching the country’s first smartphone with a 5 megapixel Wide Angle Front camera.

T M Ramakrishnan, CEO, Devices, Spice Retail Ltd, said “We have set a new benchmark in the industry by adding a 5MP front camera with Wide Angle View, enabling group video chats. Also, as an environment conscious organisation, we ensured that the materials used in the device was recyclable that could be reused to make new products. The phone contained some metals, when recycled properly; these could be put back into circulation, decreasing the need for new metal mining. Recycling reduces the need for raw materials, saves energy, helps mitigate Global Warming and reduces pollution, reduces waste products in landfills; therefore preserving natural resources for the future and saving the planet. We will continue to focus on innovation and use the latest technologies to develop products at aggressive price segments.”

Stellar Pinnacle Pro Mi 535 also brings your digital world to life with its impressive 8 megapixel Auto focus rear camera along with Panorama mode. The Hi Camera application in Pinnacle Pro is an advanced tool which provides quick access to various camera modes like Panorama, HDR, and Smile detection.