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Oct 31, 2014

Insecticides (India) Ltd results for Q2 (2014-2015)

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Insecticides (India) Limited reports 66 % rise in Q2 net profit at Rs 22.92 Crore; Board recommends bonus share 

Highlights: Q2
  • Net turnover at Rs 402 crore, a growth of about 18 % over same quarter last year
  • EBIDTA stood at 42.74 Cr. increased by 48 % from the last corresponding quarter of last year
  • Board recommends one bonus share against two shares to all its shareholders 

 New Delhi:  Insecticides (India) Ltd (IIL), the country’s leading agro chemicals manufacturing company, today announced a 66 % increase in net profit for quarter ending September 30, 2014, and the board also recommended bonus share to all the shareholders, resulting in wealth creation for the stakeholders.


IIL’s net profit grew to Rs 22.93 crore from Rs 13.84 crore over the corresponding period last year on the back of encouraging response to its newly launched products and stable production at the new Dahej plant.

In a major step, the board of the company has recommended one bonus share each against two shares to all its shareholders, in a board meeting held today.
The Company’s net turnover rose to Rs 402 crores in the quarter from Rs 340 crores in the same quarter last year, recording a 18% increase.

IIL, which manufactures and markets a gamut of agrochemical products ranging from insecticides to fungicides to weedicides, provides a full basket of agrochemicals’ solutions to farmers. Its leading products are Pulsor, Hakama, Logo, Nuvan, Thimet, Lethal, Xplode, Victor, Hijack and Monocil which it calls “ten power brands”.

On the company’s performance, Mr. Rajesh Aggarwal, Managing Director, Insecticides India Ltd. (IIL), said, “The increase in net profit is very encouraging for us in the scenario. I would accredit this to our broad product strategy i.e. working on 20 products, Navratnas and Super 11, which reduces the dependence on 1-2 products. Our products Pulsor (Marketing Tie up with Nissan Japan) for Paddy and Logo (Own Brand and technical Manufacturing) for cotton have received overwhelming response, and so do have our other products, leading to rise in our top line. This makes us very optimistic about other following quarters too. Our Dahej Plant has also stabilized its activities and is adding to the bottom line.


We have recently inaugurated our R&D Centre in JV with OAT Agrio Company Ltd., Japan at chopanki, which makes us optimistic for many more products in the kitty in the times to come. Commercial production at new chopanki formulation plant in Rajasthan has also started recently. ”


The basic and diluted EPS this quarter stood at Rs. 18.08 as against Rs. 10.91 in the corresponding period last year.

On recommendation of the bonus shares, Mr. Sandeep Aggarwal, CFO commented: “The Company has been performing very well over these years, and so we have actually acknowledged the loyalty and faith of the shareholders in the company, this is the reward for the shareholders for their commitment towards IIL. This will increase the wealth of the shareholders in the long run. Moreover this will increase the float of the shares in the market.”


About Insecticides (India) Ltd.

Insecticides (India) Ltd. (IIL) is one of the country’s leading agrochemical companies having a strong product portfolio ranging from insecticides to fungicides and herbicides. Incepted in 2002, the BSE and NSE-listed company is emerging as a front line performer in India’s crop protection market.

The company owns the prestigious umbrella brand ‘Tractor Brand’, which is highly popular among the farming community. The company sells 120 products in the market. The most popular brands IIL has under its belt include Lethal, Victor, Thimet, Monocil, Pulsor, Hakama, Nuvan, Hijack and Xplode.

On the back of rising popularity of its products, the company, having a 1015 employee workforce, touched a top line of 864 Cr. (net turnover) in the fiscal 2013-14 and expects it to grow to Rs. 1200 Cr.(Gross) in this fiscal (2014-15).

Having a pan-India presence, IIL makes available its products through its network of 4,800 distributors and 60,000 dealers via 25 depots throughout the country. Apart from providing quality agrochemical solutions to the farmers, the company has been relentlessly working towards educating farmers about use of agrochemicals to increase their yields.

Aiming to be a research-driven company, IIL set up an in-house research centre at Chopanki (Rajasthan) in 2002. To further its aim, the company recently partnered with Tokyo- based OAT Agrio Co. Ltd. to set up an ultra modern R&D centre, in Chopanki, Rajasthan for discovery of new agrochemical molecules. It is a big initiative for IIL as the Japanese major has for the first time put up such a facility outside Japan.

IIL has six manufacturing facilities in Rajasthan, Gujarat and Jammu and Kashmir. Presently, it has two technical plants at Chopanki (Rajasthan) and Dahej (Gujarat). Besides these, IIL has four formulation units at Chopanki, Dahej, Samba (J&K) and Udhampur (J&K).

The company also manufactures and markets some of the international brands in India. In 2012, the company had collaborated with Japan’s Nissan Chemicals Industries Ltd for exclusively marketing its fungicide Pulsor and herbicide Hakama, respectively, in the country.

IIL had entered into technical collaboration with American Vanguard Corporation (AMVAC), USA in 2006 to manufacture and market its global insecticide brand Thimet exclusively in India. The company in May 2012, got the right to manufacture and market its insecticide Nuvan exclusively in India another product of AMVAC to. IIL had acquired Monocil brand from Nocil in May 2011.

The company is fast becoming the preferred and trusted choice for Indian farmers who are looking for excellent agrochemical products to augment their crop productivity.
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Medical Colleges – Money Making Colleges

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By G.Gayathri

Why people want to opt for studies, professional or research in other countries than in India, our Mother Land? Because it is not the merit and the knowledge that counts when it comes to studies, there is something else that matters to these institutions - that is Money. Government has imposed many rules and restrictions regarding the fees structure and admissions, but they are just limited to papers.

Merit students are unable to get seats in the medical colleges because they cannot afford to pay donations in lakhs and crore. This is not limited to just one college, university or one place or state, this disease is spread across the whole country, especially to the medical institutions. Once two students were traveling in a train and they were talking about career and jobs and one of them who was a medical student said. If you want to settle down well in life financially there is no better business than education and especially medical colleges you open one medical college by doing anything and you are settled for a life time. This is a real incident and these are the real words as it is spoken by a medical student.


Medical Colleges
This is the impression that our system and institutions are conveying to our future generation, especially doctors. Medical Profession has very high respect among any other profession and doctors are considered equal to God because they save our life, but today it has become a mere money making profession what a pity. Colleges take money and give admission to students who do not qualify and have no knowledge, and when they come out as qualified doctors they in turn play with the life of the people.


They are qualified as doctors because of money but not because of the knowledge and the interest and respect they have towards the profession. Such people put people’s life at risk along with their money and imagine if such people go out to work in other countries what will be the reputation of our country? None of these things bother the Medical Institutions and Medical Universities. There are many meritorious students, whose dream is to become a doctor, they studied day and night and got the best qualified ranks that entitle them for a seat in medical college, but they had to face the hard truth that merit does not count only money counts.


A film was made on the same subject, where a poor student who is brilliant in studies and whose only dream in life is to become a doctor ends up committing suicide because he has no money to pay the donation. This is a film but there are people out there in real life who are living with the same hard truth unable to digest the hard fact and unable to do anything against this. When will our system and managements get cured of this disease of seeing medical profession as a money making profession only God knows.

If these people, who pay donations and earn doctor degrees, are the future doctors of this country there is nothing left to say. If there is an impression among the people that rules are limited only to books, it is because of things like these keep happening and it doesn’t make any difference to people who are supposed to follow them. Rules are in their place and we keep doing what we have to.

There is a high need for the things to change and more importantly change in the attitude of the people is needed, that earning money by any means is not the only thing in life, there are some things known as Morals and ethics, and we have no right to play with the dreams and life of the future generation.


It is because of this only reason that though there are many people and especially students, who are meritorious, talented and genius but are unable to do anything, and it is for the same reason that talented professionals try to work for other countries and students who are meritorious and talented prefer to study in other countries rather than our own country. Because there they look only for talent and knowledge and in turn encourage students by giving scholarships and offering them scope for research and development. Let us hope that a day will come when the educational institutions of this country will seek for real knowledge and merit rather than money.

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Oct 30, 2014

Osteoporosis afflicts a large number of women in India: Are you leading a bone-friendly life?

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Osteoporosis afflicts a large number of women in India: Are you leading a bone-friendly life?
  • Osteoporosis or the thinning of bones is rampant in Indian women causing fractures and bone deformities
  • The brittle bone syndrome can be prevented if right measures are taken at the right time

Ghaziabad, October, 2014: Osteoporosis is a major ailment that makes old age difficult and risky. The extreme depletion of the bones leaves the afflicted extremely prone to sudden fractures and injury. However, despite it being a very common health issue in India, little is done to spread awareness about preventing the brittle bone syndrome.


It is common to come across the elderly suffering from fractures after a minor fall or just a random bending of the arm. Sometimes, the bones grow so porous that even a seemingly minoractivity like stretching the body to pull the curtain can result in a fracture.


Human body, by design, follows a projectile path, first growing and strengthening with youth, then weakening due to age-related degeneration. As we age, so do our bones. While the process of ageing cannot be stopped, the excessive depletion of the bones can be prevented by adopting a bone friendly diet and healthy lifestyle in the early stages of life.

Osteoporosis
Dr Rajesh Verma, Consultant, Joint Replacement Surgery, Columbia Asia Hospital, Ghaziabad says osteoporosis is more common in women than in men Indian women are prone to this problem due to poor nutritional status and lack of awareness about the right kind of diet.


While the depletion of bone minerals is a normal part of ageing and cannot be stopped, its extent can be minimized by taking a few precautions throughout life.


“By the age of 30, our bones reach their maximum level of density. After this age, the bones start losing calcium and other minerals. The rate of bone loss becomes higher than the rate of bone regeneration. Being a progressive process, the bone loss continues throughout life. By the time we reach our 60s, the bone density becomes very low, leaving the bones very weak and fragile,” says Dr Verma.


This bone loss happens in both men and women, but it increases in women after menopause.


“Women who are on steroids due to a medical requirement are at the risk of developing osteoporosis early, as steroids lead to demineralization of bones – or depletion of the bone minerals -- making them porous. Genetic predisposition is also a factor. If one or both of your parents had osteoporosis, you need to be doubly cautious about preventing it. Hormonal changes after menopause are another factor that increases the rate of bone depletion in women at middle age,” adds Dr Verma.


With women of today leading heavily unhealthy lifestyles, including an absence of physical activity, no exposure to the sun, highly unfriendly diet and increasing dependence on smoking and drinking, the brittle bone syndrome is affecting them at younger ages.


Since osteoporosis is a progressive syndrome that takes years, its effects show up when we are old. There are also no symptoms to identify that you are suffering from osteoporosis until a bone fracture actually occurs. In fact, osteoporosis will have started in human body without any warning signs for years, making any remedial measures impossible to take.


It may be an inevitable consequence of ageing, yet osteoporosis can be prevented if careful measures are taken from the initial years of life. With the right type of nutrition, bone strengthening exercises and some lifestyle modifications, the bones can be kept healthy.


Here is what we can do:

  • Be aware and start taking care of your body when you are still young. Get a bone density test done once in a while to check how strong your bones are and if you need any medical intervention
  • Include adequate amount of calcium in your diet. Drink milk, consume yoghurt, cheese, cereals and nuts like almonds. Consult your doctor and take calcium supplements, especially after pregnancy or a major illness.
  • Make sure you get enough vitamin D for your bones. Even if you are scared of turning a shade darker, do spend 15 minutes out in the sun at least thrice a week. Indians are found highly deficient in vitamin D, which is an irony in a tropical country.
  • Exercise regularly to keep the bones and muscles healthy. Adopt weight bearing exercises to strengthen the bones, walk and jog every day.
  • Avoid smoking. Excessive smoking is not good for any part of the body including bones. The process of healing is believed to be slow in people who smoke.
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Dress up your Desk!

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Dress up your Desk!

Working in a monotonous atmosphere can be really demotivating. How about sprucing up your desk to induce a fun an element of fun while you are at work?

FabFurnish.com, India’s leading online home décor portal provides a vivacious range of desk accessories to make your dreary looking office space vivid and lively.

Simply keeping your office desk neat and organized is passé! It’s time to jazz things up with funky, appealing yet utilitarian accessories that give your table some persona.

Little add-ons like a cute mini trolley for stacking your pens and sticky pads for jotting down notes can go a long way in doing just that.

You can also flaunt your quirky side with artfully done up notepads, the archetypal pen stand, letter openers, paper weights and coasters of your choice.

fabfurnish- Random in Tandem Gmail Letter Holder Price 855Place a bright and colourful mouse pad to infuse a shot of vivacity to your desk. Enhance your desk décor with the charming card holders or paper holders that stand apart thanks to their unique designs.

Kill the office boredom and enliven the daily drudgery of sitting at work with these chic items that are sure to compel you to come back to your pepped up desk every day!

About FabFurnish.com

FabFurnish.com is India’s leading online home store with the widest range of assorted home furniture, furnishings, décor and kitchenware from over 500+ local and international brands.

Founded by Vikram Chopra and Mehul Agrawal, the company was brought to India by well-known German incubator Rocket Internet.

FabFurnish.com caters to the young, urban and aspirational consumers who seek to flaunt their cultivated taste for home & lifestyle within their budget.

It envisions itself as a brand retailer by achieving a five-fold annual growth rate.

The online leader in the segment of home & lifestyle, it stands apart from other players through its grand assortment of more than 60,000 products that define modern trends in home design, affordable prices, pan India shipment, varied payment options and excellent customer service.

Poised to become the biggest offline and online player in the market, the company has a retail presence in Delhi NCR, Bangalore, and plans to expand countrywide.
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Hero Electric launches electric cycle AVIOR in India

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Hero Electric launches their revolutionary electric cycle AVIOR in India

HERO Eco’s World leading German Technology in Electric Vehicles that created history in EV industry with its brand A2B, now brings the unmatched blend of style and performance to India

New Delhi, October 29, 2014: - HERO Electric, the pioneer and market leader in the Indian Electric two-wheeler industry, today launched their flagship product AVIOR e-cycles across India. HERO Eco’s World leading German Technology in Electric Vehicles that created history in EV industry with its brand A2B now brings the unmatched blend of style and performance to India.

Commenting on the occasion, Mr. Naveen Munjal, Managing Director, Hero Eco Group says, “We are extremely thrilled to introduce Hero Eco’s world leading German technology in India through our new product AVIOR. We are committed to our vision to provide green mobility to the country and look forward to consistent innovation towards developing remarkable products for the Indian EV market.”
Hero Electric launches their revolutionary electric cycle AVIOR in India Further adding, Mr. Sohinder Gill, CEO Global Business, Hero Electric India says, “Hero Electric with its commitment to the Indian EV industry has always prioritized innovation and quality. With the expected growth in the Indian EV industry, we are thrilled to introduce leading global technology to our patrons. We are hopeful that our Indian consumers will welcome this change and flaunt the all new pedallac joining in the e-vehicle revolution. We continue our support to preserve the pristine ecology and contribute least to the environmental pollution.”

Creating benchmarks with the pedal assist e-bikes in EV industry globally, A2B has managed to make a breakthrough in the world of electric pedellacs. AVIOR e-cycles with never before features will transform the cycling experience. Powered with 6 Speed Shimano Gears riding at maximum speed of 25 km/ hr, the product has alloy wheels with a maximum battery charge time of 9- 10 hrs.

The product is primarily targeted at the urban lifestyle, largely working corporates, young professionals & the youth. The company is hopeful of sensitizing the large urban population across all the metro cities to adopt these e-cycles as an alternate mode of transportation for commuting quick distance.

“With the growing concern over the traffic grid lock in our country, we are aware of the impelling issues faced by the public. In the absence of favorable weather and roads, cycling is often seen as a tedious and strenuous activity by the general masses across India. Whilst cycling is also being adopted as fitness experience, we with this new flagship product hope to take cycling experience to the next level with the added comfort of AVIOR e-cycles, “added Mr. Gill- CEO Hero Electric.

The Hero Electric AVIOR e-cycle is launched in two variants AVIOR AMX Rs 19290 (on- road Delhi) & AVIOR AFX Rs 18990 (on- road Delhi) for both male and female riders. AMX is available in Black and AFX is available burgundy color. The products are available on sale across all the 5 metro cities in India.

About Hero Electric:
Hero Electric, a flagship company of the Hero Eco Group, is a pioneer in the Indian Electric Vehicle Industry. With a background of extensive research in the EV segment, Hero Electric entered the EV segment with the single-minded objective of providing eco-friendly, cost-effective mode of personalized transportation with its wide range of Electric Two-Wheelers. Over a short period of time, Hero Electric has been quick in establishing itself as an undisputed leader in the Electric Mobility Segment. Hero Eco operates in more than 32 countries across the globe with its A2B/F4W brand of Electric Two Wheelers and is one of the leading players in global EV market.

Media RSVP
Samhita Tanti / Aman Singh Madaan
9818937177 / 9891580373 Value360 Communication
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Oct 29, 2014

FabFurnish.com appoints Ms. Kaushiki Gon as Style Director

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FabFurnish.com appoints Ms. Kaushiki Gon as Style Director

FabFurnish.com, India’s leading online home décor portal has appointed Ms.Kaushiki Gon as the Style Director of the Online Home Store. Kaushiki is a design graduate with six years of experience in creating a broad spectrum of product and décor designs.

In the early part of her career, she has worked with reputed organizations and leading Décor magazines like Livingetc, Elle Décor and Casaviva.

During this phase, she gathered crucial experience in design development and innovative market strategies. She has also worked on trend forecast reports and covered international design fairs that helped her gather in-depth know-how on the innovation and industrialization brought in by other countries.

Ms. Gon has also collaboratedwith various design houses and brands across the world to establish and implement need-oriented innovation activities for executing new ideas.

This eventually led to her lending valuable experience in designing spaces with a judicious mix of old and new themes as well as conceptualizing scores of magazine cover images.

Kaushiki Gon - FabFurnish.comSpeaking about her appointment, Kaushikisaid,“It is extremely exciting to take up inventory and create a tool so powerful as to translate into an emotional shopping journey.This can be leveraged to facilitate an online shopping experience not just through eye-catching pictures but to reflect vision right down to the most miniscule details. Handpicking the right product style is highly imperative to weave a story or a look around it.One needs to be a bit intuitive at styling and conceptualizing in order to be behind every still life image. I look forward to giving my best shot and gaining a valuable experience from my association with FabFurnish.com.”

FabFurnish.com’s recruitment norms represent an infusion of creativity and talent in its group. The aim is to develop innovative solutions by the best brains for rendering a holistic customer-experience.

About FabFurnish.com

FabFurnish.com is India’s largest online home store with the widest range of assorted home furniture, furnishings, décor and kitchenware from over 500+ local and international brands.

Founded by Vikram Chopra and Mehul Agrawal, the company was brought to India by well-known German incubator Rocket Internet. FabFurnish.com caters to the young, urban and aspirational consumers who seek to flaunt their cultivated taste for home & lifestyle within their budget. It envisions itself as a brand retailer by achieving a five-fold annual growth rate.

The online leader in the segment of home & lifestyle, it stands apart from other players through its grand assortment of more than 60,000 products that define modern trends in home design, affordable prices, pan India shipment, varied payment options and excellent customer service.

Poised to become the biggest offline and online player in the market, the company has a retail presence in Delhi NCR, Bangalore, and plans to expand countrywide.
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CA Technologies Reports Second Quarter Fiscal Year 2015 Results

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CA Technologies Reports Second Quarter Fiscal Year 2015 Results

CA Technologies (NASDAQ:CA) today reported financial results for its second quarter fiscal 2015, ended September 30, 2014.

Mike Gregoire, CA Technologies Chief Executive Officer, made the following comments:

“We are starting to see traction in the market as a result of our efforts. Enterprise Solutions new sales were up for the second consecutive quarter.

We continued to see solid performance in connection with renewals and we maintained financial discipline across the business.

Although we are pleased with this progress, we remain focused on the work needed to drive sustained revenue growth.

“The Application Economy is transforming business, creating new opportunity and enormous complexity for our customers. CA Technologies provides the software solutions businesses need to accelerate innovation, secure applications and manage their rapidly growing IT portfolios across multiple platforms. We are uniquely positioned to help our customers build the new capabilities they need to grow and reduce the complexity they need to manage, and have focused our business on solving these problems.”
CA Technologies - Financial Overview

* Non-GAAP income and earnings per share are non-GAAP financial measures, as noted in the discussion of non-GAAP results below. A reconciliation of non-GAAP financial measures to their comparable GAAP financial measures is included in the tables following this news release.
**CC: Constant Currency

CA Technology - Revenue and Bookings
**CC: Constant Currency
• Total revenue declined primarily as a result of a decrease in subscription and maintenance revenue, which was largely due to a decrease in Mainframe Solutions revenue and, to a lesser extent, a decrease in professional services revenue.

• Total bookings decreased primarily due to an expected year-over-year decrease in renewals from the timing of the renewal portfolio within subscription and maintenance bookings. This timing reflects the decrease in the value of contracts generally available for renewal compared with year-ago period. The decrease in subscription and maintenance bookings was partially offset by an increase in professional services bookings.

• The Company executed a total of 6 license agreements with incremental contract values in excess of $10 million each, for an aggregate contract value of $217 million. During the second quarter of fiscal 2014, the Company executed a total of 12 license agreements with incremental contract values in excess of $10 million each, for an aggregate contract value of $320 million.

• The weighted average duration of subscription and maintenance bookings for the quarter was 3.10 years, compared with 3.32 years for the same period in fiscal 2014.

CA Technology - Expenses and Margin
*A reconciliation of non-GAAP financial measures to their comparable GAAP financial measures is included in the tables following this news release. Year-over-year non-GAAP results exclude purchased software and other intangibles amortization, share-based compensation, capitalization (an add-back) and amortization of internal software costs, Board approved workforce rebalancing initiatives and certain other gains and losses. The results also include gains and losses on hedges that mature within the quarter, but exclude gains and losses on hedges that do not mature within the quarter.

**CC: Constant Currency

• GAAP and non-GAAP second quarter operating expenses were generally consistent compared with the year-ago period. GAAP operating expenses included an impairment of $13 million relating to capitalized software and other intangible assets within the Enterprise Solutions segment. The Company expects a year-over-year increase in the third quarter of fiscal 2015 for selling and marketing expenses as a result of incremental expenses associated with CA World ‘14.

• GAAP EPS in the second quarter of fiscal 2015 was positively affected by $0.05, from a decrease in the Company's GAAP effective tax rate. The Company recognized a net discrete tax benefit of $19 million in the second quarter of fiscal 2015. This net discrete tax benefit was primarily as a result of the resolution of uncertain tax positions relating to U.S. and non-U.S. jurisdictions.

• Non-GAAP EPS in the second quarter of fiscal 2015 was negatively affected by $0.15 from an increase in the Company's non-GAAP effective tax rate. The Company recognized a net discrete tax benefit of approximately $181 million in the first quarter of fiscal 2014, which impacted the non-GAAP effective tax rate for the second quarter of fiscal 2014. This net discrete tax benefit was primarily as a result of the resolution of uncertain tax positions relating to U.S. and non-U.S. jurisdictions.

SELECTED HIGHLIGHTS FROM THE QUARTER

• Customer traction for CA Technologies innovations continued in the quarter.

◦ One of the world’s leading consumer entertainment companies chose CA APM solutions to monitor end-to-end performance of their on-line gaming platform.

◦ A French airline is now working with CA Service Virtualization to increase the speed and stability of application updates for their new mobile booking system.

◦ A large UK-based financial services integrator signed a multi-million dollar transaction to leverage CA's API Management solution to build a cloud based mobile platform that allows third party financial service offerings, such as mortgage and insurance products, to be provided to social consumers.

• Solutions leadership:

◦ CA Technologies has been placed in the leaders quadrant for its Data Center Infrastructure Management (DCIM) solution by Gartner in their “Magic Quadrant for Data Center Infrastructure Management Tools” report issued in September. (1)

◦ CA API solutions were named a “leader” by analyst firm Forrester in their report “The Forrester Wave™: API Management Solutions, Q3 2014” in a report issued in September. (2)

CA Technology - Segment Information
**CC: Constant Currency
• Mainframe Solutions revenue decreased compared with the year-ago period primarily due to insufficient revenue from prior period new sales to offset the decline in revenue contribution from renewals. Operating margin was generally consistent compared with the year-ago period.

• Enterprise Solutions revenue decreased compared with the year-ago period primarily due to a decrease in revenue that is recognized on an up-front basis in the current period. This decline was primarily due to an increase in the percentage of our Enterprise Solutions new sales sold in connection with renewals compared with the year-ago period. In addition, within Enterprise Solutions, there was an unfavorable effect from the decrease in revenue from certain mature product lines, partially offset by an increase in revenue from recently acquired products and sales of newly developed technologies. Enterprise Solutions operating margin was generally consistent compared with the year-ago period.

• Services revenue decreased compared with the year-ago period primarily as a result of a decrease in the size and number of services engagements during the first quarter of fiscal 2015. Operating margin for our Services segment decreased compared with the year-ago period as a result of a number of factors, including the decrease in revenue and lower utilization rates for services personnel due to the decrease in the number of services engagements.

CASH FLOW FROM OPERATIONS

• Cash flow from operations for the second quarter of fiscal 2015 was $66 million, versus $73 million in the year ago period. Prior year cash flows included a tax refund of $70 million that positively affected cash flows from operations in the year-ago period. In the second quarter of fiscal 2015, there was an increase in cash collections, primarily attributable to higher single installment collections of $76 million.

CAPITAL STRUCTURE

• Cash, cash equivalents and investments at September 30, 2014 were $3.193 billion.

• With $1.763 billion in total debt outstanding and $139 million in notional pooling, the Company’s net cash, cash equivalents and investments position was $1.291 billion.

• The Company is currently authorized to purchase $950 million of its common stock under its current stock repurchase program.

• The Company distributed $111 million in dividends to shareholders.

• The Company’s outstanding share count at September 30, 2014 was 440 million.

OUTLOOK FOR FISCAL YEAR 2015

The Company updated its fiscal year 2015 outlook, which represents "forward-looking statements" (as defined below).

The Company expects the following:

• Total revenue to decrease in a range of minus 2 percent to minus 1 percent in constant currency, unchanged from previous guidance. At September 30, 2014 exchange rates, this translates to reported revenue of $4.27 billion to $4.33 billion.

• GAAP diluted earnings per share from continuing operations to decrease in a range of minus 12 percent to minus 8 percent in constant currency, unchanged from previous guidance. At September 30, 2014 exchange rates, this translates to reported GAAP diluted earnings per share of $1.73 to $1.80.

• Non-GAAP diluted earnings per share from continuing operations to decrease in a range of minus 20 percent to minus 18 percent in constant currency. Previous guidance was minus 21 to minus 19 percent in constant currency. At September 30, 2014 exchange rates, this translates to reported non-GAAP diluted earnings per share of $2.40 to $2.47.

• Cash flow from continuing operations to increase in a range of 5 percent to 12 percent in constant currency, unchanged from previous guidance. At September 30, 2014 exchange rates, this translates to reported cash flow from continuing operations of $1.01 billion to $1.08 billion.

This outlook assumes no material acquisitions and a partial currency hedge of operating income. The Company expects a full-year GAAP operating margin of 27 percent, a decrease of one point from previous guidance, and non-GAAP operating margin of 37 percent, unchanged from previous guidance. The Company also expects to return to a normalized full-year GAAP and non-GAAP effective tax rate of approximately 30 percent, which would have a negative impact on GAAP and non-GAAP diluted earnings per share from continuing operations of approximately $0.43 and $0.59, respectively.

The Company anticipates approximately 436 million shares outstanding at fiscal 2015 year-end and weighted average diluted shares outstanding of approximately 440 million for the fiscal year.

Webcast

This news release and the accompanying tables should be read in conjunction with additional content that is available on the Company’s website, including a supplemental financial package, as well as a conference call and webcast that the Company will host at 5:00 p.m. ET today to discuss its unaudited second quarter results. The webcast will be archived on the website. Individuals can access the webcast, as well as the press release and supplemental financial information at http://ca.com/invest or can listen to the call at 1-877-561-2748. The international participant number is 1-720-545-0044.

(1) Gartner, Inc., “Magic Quadrant for Data Center Infrastructure Management Tools” by Jay E. Pultz, David J. Cappuccio, April Adams, Federico De Silva, Naveen Mishra, Henrique Cecci, Rakesh Kumar, September 22, 2014.

Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

(2) Forrester Research Inc., “The Forrester Wave™: API Management Solutions, Q3 2014, September 29, 2014.”

The Forrester Wave is copyrighted by Forrester Research, Inc. Forrester and Forrester Wave are trademarks of Forrester Research, Inc. The Forrester Wave is a graphical representation of Forrester's call on a market and is plotted using a detailed spreadsheet with exposed scores, weightings, and comments. Forrester does not endorse any vendor, product, or service depicted in the Forrester Wave. Information is based on best available resources. Opinions reflect judgment at the time and are subject to change.

About CA Technologies

CA Technologies (NASDAQ: CA) creates software that fuels transformation for companies and enables them to seize the opportunities of the application economy. Software is at the heart of every business in every industry. From planning, to development, to management and security, CA is working with companies worldwide to change the way we live, transact, and communicate – across mobile, private and public cloud, distributed and mainframe environments. Learn more at www.ca.com.
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Oct 25, 2014

FashionAndYou.com launches “Lounge” - Brings the best in international fashion at unbelievable prices

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FashionAndYou.com launches “Lounge” - Brings the best in international fashion at unbelievable prices

FashionAndYou, India’s leading online fashion and lifestyle flash sales website has launched its exclusive“Lounge” section, giving the stylish patrons of the website access to the premium international & exclusive fashion labels at discounted prices.

Big international brands of the likes of Hugo Boss, Versace, Salvatore Ferragamo, Fendi, Coach, Porsche Design, Tory Burch, D&G, DKNY and exclusive designer labels like Garotas, Monica Ricci, Elite Goby, Dogo, Toms, Glam-a-Gal, Free Spirit and Hoodie Buddie are being featured in the Lounge, with many more in the offing.

From fashion apparel to resort Wear, fashion accessories to fine crafted footwear, the FashionAndYou “Lounge” will host a wide assortment of premium international & national brands, along with exclusive designer labels from world over.

The offering will cater to the customers who have an aspirational desire of owning great brands, great designs at great value.
 
Fashionandyou

Fashionandyou.com CEO, Aasheesh Mediratta said, “The launch of the “Lounge” is one step further towards our promise to provide our customers with a unique offering of global fashion & differentiated lifestyle brands at great prices. “Lounge”, with the best-in-class international fashion brands & exclusive designer labels caters to the customers who don’t have access to these premium fashion brands and would love to indulge in these brands.”

He further adds, “The response to the launch has been overwhelming and the proposition is already contributing to 5% of our topline. It’s an extension of our core value proposition of making premium fashion brands available at affordable prices.”

About fashionandyou.com

As India’s leading online flash website fashionandyou.com is a leader in Fashion & Lifestyle space. fashionandyou.com has partnered with high fashion and premium brands across fashion apparel, designer wear, handbags, footwear, watches, jewellery, fragrances and home décor. It holds 15+ new sale events per day on www.fashionandyou.com.

Fashionandyou.com boasts of one of the biggest social media footprints for e-retailers in India with a million plus fan base on Facebook. It is the first e-commerce website to achieve this milestone in the fashion and lifestyle segment worldwide.

Since its inception, fashionandyou.com has grown at a remarkable pace with almost 5.5 million members and growing in its more than 4 years of operation.

It delivers to over 10000 pin codes pan India and distribution centers in north and west India.fashionandyou.com launches over 15 new sales every day, enabling their customers to choose from a large variety of fashion and lifestyle products at up to 80% off.
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Oct 21, 2014

CA Technologies Named a Leader in API Management by Independent Research Firm

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CA Technologies Named a Leader in API Management by Independent Research Firm

CA Technologies (NASDAQ: CA) today announced it is named a “Leader” in “The Forrester Wave™: API Management Solutions, Q3 2014.*”

The solutions evaluated for the report included CA API Gateway (formerly CA Layer 7 API Gateway), CA Mobile API Gateway (formerly CA Layer 7 Mobile Access Gateway) and CA API Developer Portal (formerly CA Layer 7 Portal).

“…CA’s solution has among the best API security, message transformation and integration features in our evaluation. Among the traditional gateway vendors, Layer 7** was an early mover into the API management space, which has given CA a head start to round out the features of its portal and tooling for API product managers. The gateway’s mobile app support is also among the best in our evaluation,” Forrester analysts stated.

Forrester analysts evaluated 11 API Management vendors against 40 criteria. CA scored the highest rating for the API transformation and integration, and product strategy criteria.

CA Technologies“APIs are a cornerstone for innovation and business growth in the application economy,” said Phil Walston, vice president, product management, CA Technologies.

“Our API management and security suite gives organizations the confidence to publicly open valuable data and application functionality as APIs and help developer teams and business leaders realize faster delivery of mobile apps and cloud services to drive business value and profitability.”

The CA API Management suite enables:
  •  Seamless data integration across on-premise, cloud and platform-as-a-service offerings.
  •  Accelerated and secure app development through developer onboarding, software development kits, interactive documentation and auto-generated code samples.
  •  Mobile and IoT initiatives by connecting enterprise data with devices, including the cable box and automobile, keeping consumers engaged.
  •  Secure and convenient interactions across multiple channels, giving customers the flexibility to use the method and device of their choice.

To receive a complimentary copy of the report, please visit “The Forrester Wave™: API Management Solutions, Q3 2014.” To learn more about CA Technologies API Management solutions, visit http://www.ca.com/us/products/api-management.aspx.

*Forrester Research, Inc., “The Forrester Wave™: API Management Solutions, Q3 2014,” September 29, 2014.

** CA Technologies acquired Layer 7 Technologies in June 2013.

About CA Technologies

CA Technologies (NASDAQ: CA) creates software that fuels transformation for companies and enables them to seize the opportunities of the application economy. Software is at the heart of every business in every industry. From planning, to development, to management and security, CA is working with companies worldwide to change the way we live, transact, and communicate – across mobile, private and public cloud, distributed and mainframe environments. Learn more at www.ca.com.  
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Apartment Blocks Really ‘A-Part-ments’

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By G. Gayathri

This incident happened in real. A posh apartment complex in a metropolitan, with all the modern amenities and comforts. It's night ten o clock and someone is having dinner, someone is already asleep and someone is busy with the cores at home.

Suddenly there is lot of activity and everyone is running down to the cellar area, suddenly there is a knock on the door and all of us were asked immediately to switch off the main and leave to the cellar area.

There is some malfunction in the main of the block where all the electricity mains are there and it has caught fire and sparks were already seen in homes at the ground level.

So everyone is immediately alerted and asked to come down. Every one left home as it is and left for down stairs, where everyone is assembled.
apartment

Fire engine has come and everyone is talking about the accident and long it will take to restore the mains and how difficult it would be to manage without electricity.

As it is an apartment complex there are buildings opposite and beside this block where the incident took place. There, from that block, people are peeping from the windows and doors trying to find out what is happening and some are closing their already open doors, switching off lights, as if they have seen nothing and nothing matters to them.

There are nearly four blocks in the complex and not one person from another block has come to find out at least what has happened and offered any kind of help or anything.

All living in the same building, all working in corporate and multinational companies drawing salaries in lakhs, very well educated and living high end lifestyle.

I was wonder struck, what kind of educated persons are we and have our hearts also become so concrete, living in the concrete jungle? Don’t we feel anything for our fellow humans and are we just living life as money making machines and nothing else.

By God’s grace nothing serious happened and everyone was safe. But what kind of humans are we if something happens to a crow all other crows come and at least make noise, animals and birds have this sense, but what happened to humans?

People in the cities feel that they are superior to people in villages and in towns but in a remote place and in villages or for that matter in slums that are there in the cities if something happens every one comes together and stands united. These are the things that we definitely need to learn from them and from birds and animals even.

Let us get back to our basics and the roots from where we hail. Let us try to remember that we are humans and we are supposed to have a responding and sensitive heart. Our greatness and development does not lie in foreign degrees and corporate cheques, but the way behave and lead life, not just living for ourselves and for our family, but thinking of helping others in times of necessity.
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