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Archive for October 4th, 2010

One of India’s Largest Commercial Enterprises Subscribes to AVEVA Plant Solutions

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2010-09-30 16:30

MUMBAI, India, Sept. 30 /PRNewswire-Asia/ — AVEVA Group plc (LSE:AVV) one of the world’s leading providers of engineering design and information management solutions for the plant, power and marine industries, announced that Indian Oil Corporation Limited Bongaigaon Refinery (Assam) has selected AVEVA Plant solutions for design and build on two projects: a new diesel hydro-treatment project and a MS (Motor Spirit) quality upgrade project.

The new diesel hydro-treatment project aims to improve the quality of high speed diesel (HSD) to conform to Euro-III equivalent norms. The project will also improve the smoke point of the raw kerosene and enhance production of superior kerosene oil (SKO) and automatic transmission fluid (ATF). The MS quality upgrade project will boost the quality of MS to conform to Euro-III equivalent norms.

Indian Oil’s Bongaigaon Refinery comprises of two Crude Distillation Units (CDU), two Delayed Coker Units (DCU) and a Coke Calcination Unit (CCU) with a processing capacity of 2.35 MMTPA of crude oil. Presently the refinery produces a wide range of petroleum products by processing Assam Crude and Ravva Crude.

Peter Finch, President, AVEVA Asia Pacific, said, “We are pleased to have been selected by Indian Oil, and are especially proud that our software will allow Indian Oil to lower and limit their emissions, from the products they produce, in line with the Euro-III equivalent norms. We are pleased to be part of Indian Oil’s concerted efforts in limiting emissions and moving towards a more environmentally sustainable future.”

AVEVA Plant solutions have been proven effective on numerous multi-billion dollar plant projects worldwide, in reducing lead times by improving on design quality and productivity.

About AVEVA Group Plc

AVEVA is trusted around the world to deliver engineering IT solutions with strategic value to leading companies in the plant and marine industries. For further information please visit or .

(C) AVEVA Solutions Ltd and its subsidiaries 2010. All product names mentioned are the trademarks of their respective holders.

Media Contact:

Alison Patey
Marketing Communications Manager
AVEVA Corporate
Tel: +44-1223-556653


Written by asiafreshnews

October 4, 2010 at 3:17 pm

Posted in Uncategorized

PayPal Expands Consumer Protections Across Asia Pacific in Time for Holiday Shopping Season

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2010-09-30 10:27
SINGAPORE, Sept. 30 /PRNewswire-Asia/ — PayPal announced today that it will expand its consumer protections for shoppers just in time for the busy holiday shopping season. Beginning November 1, 2010, shoppers across the Asia Pacific region will have enhanced buyer protection when they make purchases at any of the millions of merchants worldwide that accept PayPal.

In June this year, PayPal announced that its Buyer Protection policy would protect shoppers across the Asia Pacific region when they do not receive the item* they purchased using PayPal.
Beginning November 1st, the enhanced PayPal Buyer Protection policy will also protect shoppers across the Asia Pacific region if they receive an item* that is significantly different than described by the PayPal merchant.
“PayPal is committed to giving consumers a safer online shopping experience through privacy, prevention and protection. Ultimately, we want consumers to be as comfortable with shopping online as if they had purchased the item in a real store, thus our expanded Buyer Protection Policy is another step in that direction,” said Nimish Dwivedi, Regional Head of Marketing, PayPal Asia Pacific. “When shoppers use PayPal this holiday shopping season and beyond, they will have greater peace of mind knowing that we are offering even more protection if something goes wrong.”

Nimish added, “Merchants who accept PayPal will benefit, too, as they know the more trust consumers have with online shopping, the more consumers will buy, especially from overseas and unfamiliar websites that provide great deals or offer items not available locally.”

In addition to its Buyer Protection policy, PayPal provides safeguards that are built into its global online payment platform:

Because PayPal never shares a buyer’s financial information with sellers, privacy is built into the service.
PayPal provides zero liability for eligible unauthorized transactions on PayPal accounts**.
PayPal has one of the most sophisticated anti-fraud models in the payments industry, which gets smarter and stronger with every transaction that goes through our system — and PayPal has processed billions of transactions in the past 11 years. With this technology, PayPal often detects and stops fraudulent activity the moment it occurs and before it ever reaches our customers.
For more information about the PayPal Buyer Protection policy, please visit

About PayPal

PayPal is the faster, safer way to pay and get paid online. The service allows members to send money without sharing financial information, with the flexibility to pay using their account balances, bank accounts, and credit cards in various markets. With more than 87 million active accounts in 190 markets and 24 currencies around the world, PayPal is an eBay company and enables global e-commerce. The company’s open payment platform, PayPal X, allows developers to build innovative payment applications on multiple platforms and devices. More information about the company can be found at

PayPal is headquartered in San Jose, California and its international headquarters is located in Singapore.

* For eligible items.
** For qualified claims.

Media Contacts:

Dickson Seow
PayPal Asia Pacific
Tel: +65-6510-6463

Jeremy Seow / Jolin Tan
Text 100 Public Relations (for PayPal)
Tel: +65-6603-9000

SOURCE PayPal Asia Pacific

Written by asiafreshnews

October 4, 2010 at 10:36 am

Posted in Business & Finance