Vacmet Successfully Enters the BOPP Film Business

With the successful start of their brand new Brückner high speed film
production line, Vacmet India Limited is now entering the BOPP film
business. This state-of-the-art line enables Vacmet to bring up to 40,000
tons of first-class Polypropylene films to market per year, to satisfy the
growing Indian demand. As a result of the great cooperation between
Vacmet and Brückner teams a smooth start at their top-modern facility
near Delhi could be achieved, with the line producing saleable film from
day one.
Beside the highly sophisticated BOPP line Brückner also supplied a
comprehensive film recycling and fluff handling system. It allows Vacmet
to feed the fluff directly back to the twin screw extruder, which in return
saves energy and preserves raw material quality (no additional melting
process by regranulation system). Alternatively the fluff can also be
processed by the regranualtion system.
Direct drives throughout the whole line, advanced airflow control and
heat recovery system in the TDO are further features to reduce the
energy consumption which is a rising requirement in today’s world.
Brückner is proud to be Vacmet’s partner in the challenging BOPP film
production and guarantees to further provide an individual, efficient
and personal service.
Vacmet India Ltd. is a privately held company, involved in production of
high end flexible packaging materials, providing applications in various
food and non-food sectors. Vacmet has four manufacturing sites with an
installed capacity of 35,000 tons of converted products (e.g. metallized
and special coated products) and 50,000 tons of Polyester films per
annum.

SUZUKI TWO-WHEELERS ON A CONSISTENT GROWTH PATH Records 48.76% increase in Sales during July 2012

New Delhi, 1^st August, 2012: Suzuki Motorcycle India Pvt. Ltd., a subsidiary of one of the world’s leading two-wheeler manufacturer Suzuki Motor Corporation, registered a 48.76% increasein their July 2012 sales figures as compared to July 2011. Suzuki Motorcycle sold 40295 units in July 2012 as opposed to 27088 units in July 2011, recording a strong growth in its overall sales. Suzuki Motorcycles has maintained a consistent growth path over the last couple of years.

Speaking on this strong growth pattern, Mr. Atul Gupta, Vice President, Sales and Marketing, SMIPL, said “We have received a good response from the market for all our products. The newly launched Hayate, a mass segment motorcycle, has also received a tremendous response. The growing customer satisfaction has led to positive word-of-mouth in the market. We will continue to give the best to our customers.”

MUTHOOT CAPITAL SERVICES Q1 FY 13 NET PROFIT UP 110 % to Rs. 493 LAKHS -

Shareholders approved dividend of Rs 3.5 per share

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Kochi, July 31, 2012 – Muthoot Capital Services Ltd. has announced its financial results

for quarter ended June 30, 2012 reporting 110 % growth in net profit to Rs. 4.93 crores as

compared to Rs. 2.35 crores in the corresponding period last year.

The unaudited financial results of Muthoot Capital Services Limited, (a listed entity of

the Muthoot Pappachan Group) for the quarter ended 30th June 2012 has registered a

substantial increase in the revenue to Rs. 22.17 crores as compared to Rs. 12.23 crores,

for the corresponding period last year, thus recording an increase of 81%.

During the quarter, the total loan portfolio of the Company increased to Rs. 329.23 Crores

from Rs. 199.33 crores in the corresponding quarter last year, recording an increase of

65%. At present the Company has more than 1.50 lakhs borrowers, mainly under the 2

wheeler category.

The shareholders of Muthoot Capital Services Ltd (MCL) have also approved the dividend of

Rs. 3.5 per share (35%) in the Annual General Meeting held today, as recommended earlier

by the board. The substantial dividend is a reflection of the superior performance of MCL

during the financial year April 2011 to March 2012.

Mr Thomas George Muthoot, Managing Director, Muthoot Capital Services Limited

said: “Despite challenging business scenario – high interest rate regime, rise in fuel

prices, and reduced off take of vehicles, we have succeeded in reporting robust growth.

Introducing cost efficiencies and efficient use of technology has stood by us in good

The Muthoot Pappachan Group is seeing very strong growth in various verticals like

Vehicle, Housing and Micro Finance, Two Wheeler Dealerships, Hospitality, Alternate

Energy; the gold loan business is gearing well to the challenges and the Group as a whole

This Ramzan enjoy LIVE Namaz, Naad, Hidayat and much more from Mecca and Medina

· Another first from Airtel for its esteemed customers
· Service also brings live audio feed from Ajmer Sharif and Jama Masjid, Delhi as well
· Quran Ayaat, Sehri Iftaar, Ramzan stories and recipes to light up Ramzan festivities also offered


Kochi:  Bharti Airtel, a leading global telecommunications company with operations in 20 countries across Asia and Africa, today announced the launch of its LIVE audio feed service that will bring the holy recitals of Namaz, Naad, Hidayat and much more from the sacred shrines of Mecca and Medina exclusively for its customers across the country during the auspicious month of Ramzan. Besides Mecca and Medina, the service will also bring LIVE audio feeds from the shrines of Ajmer Sharif and Jama Masjid, Delhi. The service will also bring Quran Ayaat, Sehri Iftaar, Ramzan stories and recipes of special dishes for Ramzan to lighten up the holy festivities.

Commenting on the launch of this service, Mr. Vikas Singh, CEO - Kerala and Tamil Nadu, Mobile Services, Bharti Airtel said, “At Airtel it’s our constant endeavor to bring relevant, affordable and unique content for our customers across the country. The fact that Airtel is the first and the only service provider to bring these live feeds from Mecca & Madina reiterates our commitment to provide the best to our esteemed customers. Besides the live feed, the service will also bring Naad, Hidayat, Quran Ayaat, Sehri Iftaar, Ramzan stories and recipes of special Ramzan dishes which will add up to the festivities.”
Airtel mobile customers across the country will now be able to use their mobile phones to experience the LIVE Namaz from the shrines of Mecca and Medina, Ajmer Sharif and Jama Masjid without travelling long distances. For subscribing to this unique service, Airtel mobile customers can dial 50786 and subscribe to the unlimited audio feeds at Rs.2 per day without paying any registration cost. The audio feed from Mecca and Medina would be deferred LIVE due to the difference in the time zone.

The LIVE audio feeds from these shrines are in line with Airtel’s efforts to bring relevant devotional content for its customers across the country. Airtel already offers live audio feeds from several major shrines of India including Sai Baba, Shirdi, Tirupati Balaji Temple, Haaji Ali, Mumbai, Mahakaleshwar Ujjain and Bangla Saheb, Delhi.

Lulu Blood Donation

LuLu hypermarket , one of the largest retail shopping chains in the GCC recently conducted recently blood donation campaign in association with Dubai Blood donation center. The event took place at three Lulu Hypermarkets at Barsha, Arabian centre and Quasis in association with Dubai blood donation center. More than 200 plus employees and customers of LuLu Hypermarket took part in the social cause to help foster a culture of voluntary blood donation. 

Mr Salim M.A Director LULU Group thanked all the employees and customers who participated in the event and added "this campaign was aimed at encouraging community members to come forward and voluntarily donate blood. We plan to conduct similar event every six months and continue to serve the local community and the society at large, which has always been high on our agenda. I also take this opportunity to thank and commend the efforts of Dubai Blood Donation Center for their admirable job in saving lives by maintaining ample stock of blood. 

The Campaign is a part of the Group's continuous effort to highlight the principle of cooperate social responsibility and support patients in need". 

CII OPPOSES ANNOUNCED HIKE IN POWER TARIFF IN THE STATE

The Kerala State Electricity Regulatory Commission’s decision to hike the power tariff over 30 % for all categories of consumers in the state will drastically hit the core industries in Kerala. Mr Umang Patodia, Chairman, Taskforce on Power, CII Kerala State Council and Managing Director, Patspin India Ltd stated that this will adversely affect the businesses, thereby shifting the burden to the general public, who are dependent on this sector.

The increased power tariff change has adversely affected the industrial operations of manufacturing sector in the state. Power is the major input for the manufacturing and MSME industry. Large scale manufacturing company’s consuming large scale power such as minerals, paper, textile etc are hardest hit. As it is, generally in Kerala, the cost of sourcing raw materials and source of employment is significantly higher,compared to the neighboring states.

Increase in power tariff will also drastically affect the sustenance and growth of manufacturing sector in Kerala and will most certainly lead to the eventual closure of many of the units. To support the growth and sustainability of existing industry, tariff shocks has to be avoided and any revision of power tariff must be in a graded manner over a 3 year period making it viable for the industry to survive.

Moreover, the current electricity tariff per unit is far higher than the cost of the same to the KSEB. This goes against the cross subsidy directions given by the Central Regulatory Authority.

CII is planning to request the Government of Kerala to come up with industry friendly manufacturing policy and Power Policies, which can facilitate industrial growth and also serve to attract investments into the state.With the main objective of the proposed Emerging Kerala being to showcase the investment opportunities available in Kerala; CII believes that the Government and the authorities need to ensure both the manufacturing and power policy which can attract both domestic and international investments to the state.

CII urges the Government to reconsider this drastic increase in electricity charge and to reduce the same in a manner as suggested above.

Monsoon Play Key Role in Agri Commodity Prices in Coming Months: JRG Wealth Management

 

July, 2012: JRG Wealth management, one of India’s leading financial services providers holds an impeccable track record in Commodity Broking industry for past 9 years. Its experienced research team with excellent analytical skills provide in depth analysis for every trade call whether it is Intraday, Positional, Arbitrage or Investment. JRG has won numerous awards in the last few years for its expertise in Agri Commodity. 

JRG Wealth Management analysis for the trend in Agri Commodities is that many Agri Commodity prices have moved up sharply in the past few months due to strong export demand, tight domestic supply and concerns of low rainfall that can affect the Kharif sowing. Amongst them, Soy Bean was the best performing commodity, which hit all time high of Rs. 4020 per quintal in futures market. It has gained about 60 percent in so far in 2012. Chana prices have also touched record high of Rs4500 per quintal due to strong seasonal demand and low arrivals in spot markets. Spices export rose 9 percent to 5.75 lakh tonnes in 2011-12.

The slow start of the monsoon in South-west has led to a deficit by about 30 percent in the month of June and coverage in northern states is delayed by couple of weeks. This has lead to slow progress of sowing of Kharif crops and raised concerns of fall in production of many crops like edible oil seeds, pulses, sugar and cotton and may put more pressure on food inflation. Government has increased MSP for Kharif 2012 crops between 20-35 percent, biggest hike in many crops to boost the production. “Weather department forecasts better rains in July-Aug that can help to improve the sowing activities in coming days and soften the agri commodity prices,” stated Mr. Chowda Reddy, Senior Research Analyst, Commodities Research, JRG Wealth Management who recently awarded ‘BEST ANALYST’ in Agri Commodity sector by Zee Business in INDIA’S BEST MARKET ANALYST AWARD- AGRI SEGMENT 2012 organized by ZEE BUSINESS at a glittering event.

Mr. Chowda Reddy received this prestigious award from honorable Finance Minister of India, Mr. Pranab Mukherjee. Speaking at this occasion Mr. Chowda Reddy stated, “We at the JRG Research desk are committed to providing valuable insights into the commodities markets and empowering investors make profitable investment decisions.”

JRG has won numerous awards and last year in 2011, Mr. Harish Galipelli received the Best Bullion Analyst of India award. Mr. Galipelli is currently Vice - President, Head-Commodities, JRG Securities Ltd.

ABOUT ZEE BUSINESS INDIA’S BEST MARKET ANALYST AWARD

In one of its kind initiative in 2010, ZEE BUSINESS instituted the India's Best Market Analyst Awards. Dedicated to honoring India's Financial Market experts for empowering the retail investor, these awards are a true recognition of excellence. These awards were the 3rd edition and were graced by the presence of Finance Minister Mr. Pranab Mukherjee as the Chief Guest. Mr. Subhash Chandra, Chairman, ZEE delivered the keynote address.

"It is time for people to switch from savings mode to wealth-generation mode," said the Finance Minister, Pranab Mukherjee, speaking at the Zee Business India's Best Market Analyst Awards 2012.

Zee group chairman Mr. Subhash Chandra said that the presence of Zee channels in more than 160 countries outside of India was proof that overseas investors continue to perceive India as a sought-after investment destination.

About JRG Securities:

The company provides a gamut of financial products and services including equity trading, commodity trading, trading in currency derivatives, insurance broking, distribution of mutual funds and online trading through its website –www.inditrade.com primarily to retail customers and a variety of loan products through its subsidiary JRG Fincorp.

JRG Securities Ltd. is listed on the Bombay Stock Exchange and has a diverse set of public shareholders. The Company along with its subsidiaries is a member of the National Stock Exchange of India (NSE), the Bombay Stock Exchange (BSE), the National Multi Commodity Exchange of India Ltd (NMCEIL), the National Commodities Derivatives Exchange Ltd (NCDEX), the Multi Commodity Exchange of India Ltd (MCX) and the Indian Pepper and Spices Trades Association (IPSTA). JRG is a full-fledged depository participant of the National Securities Depository Ltd and Central Depository Services (India) Limited. Besides these, a JRG Subsidiary is also a leading Insurance Broker. Apart from broking services, JRG offers commodity procurement services which cater to the diverse requirements of corporate/ trading clientele.

JRG Fincorp

The company’s product range includes Loan against Shares, Loan against Mutual Funds, Margin Trade Finance, Loan against Commodities and IPO finance. It also offers SME Finance, Corporate Loans, Structured Finance and Loan syndication services.

Differentiated presence in Commodities Broking:The company offers specialised and retail commodity broking facilities through its subsidiary, i.e. JRG Wealth. JRG Wealth is a member of NMCEIL, NCDEX, MCX, and IPSTA. The product portfolio for commodity broking business comprises agro-commodities, metals, bullion and energy. The house research team of experienced analysts track developments in the commodities markets.

JRG Commodity Procurement Services:

As part of the Company’s drive to service corporate clients, an exclusive Corporate Procurement Desk has been established at Hyderabad (Corporate Office), catering to varied needs of corporate clients, Exporters, Govt. / Private Procurement bodies in terms of market analysis, trading, procurement, exporting & importing. JRG Business Investment Consultants Ltd. (JRGBIC)’, a JRG group company, provides the ‘C&F’ and ‘Procurement’ Services to facilitate ‘Physical Procurement of Commodities directly from the Points of production (Farms, Mandis etc) and from the exchange platform. In addition the Company provides ‘C&F’ Services for processed commodities such as Chilli, Turmeric, Maize, Chana, Black Pepper, Rubber, Cardamom, and Jeera.

Online Trading Platform:

In order to increase its reach, JRG has broadened its service delivery channel from branches to an online trading platform. The online trading platform is made accessible through its website, www.inditrade.com, which was launched in April 2010, to provide customers with an opportunity to trade from any location with access to internet. The company has seen a significant growth in the number of our online trading customers.

Backed by Baring India Private Equity, a leading private equity firm in India

Baring India Private Equity, a leading private equity firm in India, through Duckworth Limited and Baring India Private Equity Fund III Listed Investments Limited holds 49.38% of the equity capital.

For more details log onto:  www.inditrade.com