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Archive for January 13th, 2014

Smart eMoney Partners With Hybrid PayTech World Inc. For Mobile Payments In The Philippines

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MANILA, Philippines, Jan. 11, 2014 /PRNewswire/ — Hybrid PayTech World Inc (CNSX: HPT) (OTC: FPOTF) announced today that Smart eMoney Inc. (SMI) the financial services subsidiary of Smart Communications Inc. (Smart), and Hybrid PayTech Asia Inc. (Hybrid) have collaborated for the deployment of a pioneering mobile payment ecosystem platform to enable enterprise and retail businesses in the Philippines.

Under the recently signed agreement, SMI will use the HybridVIRTUO Ecosystem Platform for mobile point-of-sale (mPOS) roll-out which includes a unique host of solutions for easy integration with other existing payment systems. The scalable Hybrid platform will enable SMI to deploy a full suite of compliant mobile payment solutions for businesses and includes Hybrid’s HybridMPOS APPs, a mobile application built on the most popular operating systems for wireless devices such as Android, IOS, BB, and Win6,7,8.

Hybrid’s platform which allows for multi-device interoperability using Bluetooth or audio-jack payment acceptance units will offer clients of SMI the ability to acquire mPOS MasterCard credit card transactions, allowing processing and acceptance of card payments conveniently. Plans are underway for SMI to deliver online debit using Personal Identification Number (PIN) system with existing Philippine Automated Teller Machine (ATM) cards for smartphones, tablets and mobile enterprise devices. This mPOS platform operates on all mobile platforms: IOS, Windows, Android, Blackberry, and all major and most local mobile devices brands.

The system is also compliant with the Payment Card Industry Data Security Standards (PCI-DSS), the global security standard that helps to prevent card and data fraud by evaluating payment account data security and assessing an organization’s network architecture, software design, security policies, procedures and protective practices.

“This engagement with SMI is the first in the Philippines to showcase complete live mPOS transactions. We are excited to work with SMI to enable services and to expand the product line in the near future. Smart through SMI represents a strong opportunity for Hybrid as we launch in the Philippines and prepare for expansion within the country and in other Asia countries. Financial institutions and telcos are aggressively pursuing deployment of mobile technology to deliver safe, secure, and easy to use mPOS systems that accept different cards of cards.” said Gary Repchuk, Director at Hybrid PayTech Asia.

“We look forward to rolling out this platform and building more offerings for our clients, including Smart and PLDT subscribers. This will definitely help spur more mobile payment transactions by building an ecosystem of enabled merchants and empowered card holders who will now have more services available for their needs.” said Benjie S. Fernandez, managing director at SMI

At a recent Smart fundraising event at the Mall of Asia Arena for the Filipinos effected by Super Typhoon Yolanda (Haiyan), SMI utilized the new mPOS devices to accept donations from credit cards. Hybrid’s solution enables SMI merchants to process MasterCard and in the near future other credit cards and Pin Debit/ATM transactions, using their own smartphones or tablets. The event provided an opportunity to pilot run the solution to the public.

About Smart e-Money, Inc.

Smart e-Money, Inc. (SMI) is a pioneer in mobile banking and mobile wallet services, implementing a proprietary mobile commerce infrastructure that spans various products and services across different market segments. SMI provides opportunities for financial institutions to introduce their services to unbanked customers, and for mobile network operators to expand the range of products available to their customers. It provides open mobile payments processing with value-added services. Its platform has expanded across Latin American countries, with services launched in Brazil and Argentina in partnership with MasterCard Worldwide. SMI is a subsidiary of Smart Communications, Inc., the leading wireless services provider in the Philippines. Visit www1.smart.com.ph/corporate or http://www.pldt.com info (NYSE:PLDT)

About Hybrid PayTech World Inc. (CNSX:HPT) (OTC:FPOTF)
Hybrid PayTech World Inc. Develops an Enterprise Ready Mobile Payment Platform for the leading OS’s (IOS, Android, BB and Windows 6,7,8). The Corporation’s holding, First Equity Strategy LLC, markets itself with the DBA: Hybrid PayTech. International subsidiaries include Hybrid PayTech Asia Inc, Hybrid PayTech Aspac HK Ltd, Vault Acquiring Solutions LLC and Mobi724 Inc.
Visit http://www.hybridpaytechworld.com

Hybrid PayTech based in Montreal, Canada, is a technology leader in the mobile payment space for EMV& MSR credit and debit acceptance. With a global footprint, Hybrid is an enabler of easily-deployable payment systems focusing on authentication, approved security and quick merchant adoption in Fleet, Delivery, Logistics and Retail. For more information on Hybrid PayTech, visit http://www.hybridpaytech.com or http://www.hybridpos.com

The Canadian National Stock Exchange (CNSX) has not reviewed this news release and does not accept responsibility for its adequacy or accuracy. This news release does not constitute a solicitation to buy or sell any securities in the United States.

For further information:

SOURCE Hybrid PayTech World Inc. (formerly Freeport Capital Inc.)
For more information, please contact
Mr. Gary Repchuk, Director, Hybrid PayTech Asia, gary.repchuk@hybridpaytech.com

(HPT.)
Source: Hybrid PayTech World Inc.

Written by asiafreshnews

January 13, 2014 at 5:40 pm

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AMRI Hires George Svokos as Senior Vice President Sales and General Manager – API

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— Leadership Appointment Bolsters API Business and Sales Strategies

ALBANY, New York, Jan. 10, 2014 /PRNewswire/ — Albany Molecular Research Inc. (NASDAQ: AMRI) today announced the appointment of George Svokos, to the newly created position of Senior Vice President Sales and General Manager API, effective January 6, 2014. Mr. Svokos will report to William S. Marth, President and Chief Executive Officer.

“Mr. Svokos is a strategic thinker who comes to AMRI with years of experience in pharmaceutical manufacturing, business development, R&D, and sales and marketing,” said Mr. Marth. “With his experience handling a large sales force in a multibillion dollar business, Mr. Svokos’ main focus is to develop a commercial strategy around active pharmaceutical ingredients (APIs), as well as to assist on the sales side of the business.”

Before coming to AMRI, Mr. Svokos had been with Teva Pharmaceuticals Industries Ltd. since 1979. Most recently, he was Senior Vice President of Product and Portfolio Selection, and Business Development, responsible for strategic planning, portfolio selection, new product introductions and business development. From 2011 to 2012, Mr. Svokos was Senior Vice President, US Technical Operations, responsible for strategic planning, manufacturing, supply chain, regulatory and legal compliance, and safety, for eleven U.S. dosage form manufacturing facilities, as well as supply of branded and generic products to the U.S. market from overseas plants in Europe, the Middle East, China and India. Before this role, he served as Executive Vice President of Commercial Operations, Teva API, leading the global sales and marketing of Teva’s API division, including a global sales force, with multibillion-dollar sales. Mr. Svokos is the Senior Vice President of the Drug, Chemical & Associated Technologies Association (DCAT) and will become President next year.

Mr. Svokos earned a Master’s degree in Business Administration from the University of Missouri and a Bachelor’s of Science degree in Chemical Engineering from Columbia University.

About AMRI
Albany Molecular Research, Inc. (AMRI) is a global contract research and manufacturing organization offering customers fully integrated drug discovery, development and manufacturing services. For over 22 years, AMRI has demonstrated its adaptability as the pharmaceutical and biotechnology industries have undergone tremendous change in response to multiple challenges. This experience, a track record of success and locations in the United States, Europe and Asia now provides our customers with SMARTSOURCING™, a full range of value-added opportunities providing customers with informed decision-making, enhanced efficiency and more successful outcomes at all stages of the pipeline. AMRI has also successfully partnered R&D programs and is actively seeking to out-license its remaining programs for further development. For more information about AMRI, please visit our website at http://www.amriglobal.com or follow us on Twitter (@amriglobal).
Source: Albany Molecular Research, Inc. 
Related stocks: NASDAQ-NMS:AMRI

Written by asiafreshnews

January 13, 2014 at 5:16 pm

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AMRI Hires Vijay Kumar Batra as Managing Director, AMRI India

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– Leadership Appointment Bolsters API Business and Leadership Team

ALBANY, New York, Jan. 10, 2014 /PRNewswire/ — Albany Molecular Research Inc. (NASDAQ: AMRI) today announced the appointment of Vijay Kumar Batra, to the position of Managing Director, AMRI India, effective January 2, 2014. Mr. Batra will report to Steve Hagen, Ph.D., Senior Vice President of Manufacturing and Pharmaceuticals.

“Mr. Batra brings a wealth of experience in the Active Pharmaceutical Ingredients (APIs) and intermediates business and he also brings a leadership acumen that helps AMRI continue our plan for growth in the Indian and world markets,” said Dr. Hagen. “We are excited to have Vijay on our leadership team. He has a strong record of leading business growth in the area of API and intermediates and is highly respected by those who have worked with him and the businesses he has led.”

Before coming to AMRI, Mr. Batra held a number of executive roles with Teva Pharmaceuticals Industries Ltd. since 2003. Most recently, he was Vice Chairman and Managing Director, Teva API India, responsible for research and development and manufacturing of API’s and advanced intermediates for the global market. The facilities overseen by Mr. Batra had strong compliance records and achieved U.S. Food and Drug Administration and other international certifications. Mr. Batra also served as Chairman of Teva API China during his most recent tenure. Prior to these roles, Mr. Batra was President and Director of JK Drugs and Pharmaceuticals and Advisor at JK Pharmachem Ltd. He also held other roles with Ranbaxy, Kinetics Technology India Ltd., and Synthetics and Chemicals Ltd. Mr. Batra was also responsible for Drug Product Manufacturing and was Vice Chairman of Tevapharm India Pvt. Ltd. during his last few years.

Mr. Batra earned a Bachelor’s degree in Technology from the Indian Institute of Technology and is an alumnus of the Wharton Business School’s Senior Executive Development program.

About AMRI
Albany Molecular Research, Inc. (AMRI) is a global contract research and manufacturing organization offering customers fully integrated drug discovery, development and manufacturing services. For over 22 years, AMRI has demonstrated its adaptability as the pharmaceutical and biotechnology industries have undergone tremendous change in response to multiple challenges. This experience, a track record of success and locations in the United States, Europe and Asia now provides our customers with SMARTSOURCING™, a full range of value-added opportunities providing customers with informed decision-making, enhanced efficiency and more successful outcomes at all stages of the pipeline. AMRI has also successfully partnered R&D programs and is actively seeking to out-license its remaining programs for further development. For more information about AMRI, please visit our website at http://www.amriglobal.com or follow us on Twitter (@amriglobal).
Source: AMRI
Related stocks: NASDAQ-NMS:AMRI

Written by asiafreshnews

January 13, 2014 at 4:54 pm

Posted in Uncategorized

YouGov Acquires Asian-based Research House Decision Fuel

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Extends YouGov’s presence to China and South East Asia, taps into new mobile research technologies
HONG KONG, Jan. 13, 2014 /PRNewswire/ — Leading international online market research company YouGov today announced the acquisition of Asian-based market research and technology company, Decision Fuel (DF). The acquisition extends YouGov’s reach to fast growing markets and provides clients a comprehensive full service offer across China and South East Asia.
Established in 2011 and with offices in Hong Kong, Shanghai and Singapore, DF has its own proprietary platform for mobile-based research. DF provides fast, high-quality research to the Asian market using online and especially, mobile-based, technology to reach consumers across the region and will enhance YouGov’s ability to conduct research among the full spectrum of consumers, including those who do not have access to fixed-line internet or smartphones.
As part of the transaction, DF will be re-brand as YouGov Asia Pacific, and will roll out YouGov’s advanced product portfolio in the region.
“This acquisition meets our strategic objectives to increase further YouGov’s presence in high-growth markets. Decision Fuel will help us to expand our Group’s business rapidly in the vital China and South East Asian markets and will also allow us to develop our mobile offering. We are very pleased to add Decision Fuel to our growing global network,” said Stephan Shakespeare, Chief Executive Officer, YouGov.
DF Co-Founders, Patrick Corr, formerly of Star TV and Colin Marson previously with Cerebos, will both continue to lead the business after it becomes part of the YouGov group.
“Decision Fuel and YouGov share a vision for creating a research business driven by smart, scalable technology platforms, including mobile, that deliver powerful consumer data on tap and in virtually any location around the globe,” said Patrick Corr.
“Becoming part of YouGov gives Decision Fuel access to an enviable global profile and a cutting edge product suite tailor made for the dynamic growth markets of Asia. We are excited at the prospect of combining forces and developing a winning proposition for Asia and beyond,” Colin Marson.
Benefits of the Acquisition:
Accelerates YouGov’s expansion strategy into key markets China and S.E. Asia region
Meets client demands for research in high growth markets
Taps into mobile technology platforms designed specifically for dynamic consumer markets of Asia
Mobile platform can be deployed in markets worldwide (e.g. Middle East);
An experienced and entrepreneurial team whose culture and strategy fit well with YouGo
Jordyn Hill, Assistant Business Development & Marketing Manager, Waggener Edstrom Worldwide
jhill@waggeneredstrom.com
+65-6303-8465
Patrick Corr, Managing Director & Co-Founder, Decision Fuel
patrick@decision-fuel.com
Source: YouGov; Decision Fuel

Written by asiafreshnews

January 13, 2014 at 3:33 pm

Posted in Uncategorized

Hilton Worldwide Adds New Beneficiaries and Hotels to Carbon Offset Program in Southeast Asia

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Three new sustainability projects in the region to benefit; four additional hotels join the program
SINGAPORE, Jan. 13, 2014 /PRNewswire/ — Hilton Worldwide today announced the expansion of the Carbon Offset Program in Southeast Asia with three new renewable energy projects receiving support for 2014. The Mungcharoen Biomass Project in Thailand, the Musi Hydro Project in Indonesia, and the Song Ong Small Hydro Project in Vietnam will join the Borneo Rainforest Rehabilitation Project in Malaysia as beneficiaries of the program.
Initiated in October 2012, Hilton Worldwide’s Carbon Offset Program in Southeast Asia measures carbon generated by meetings and events held at Hilton Worldwide properties in the region, and, at no cost to customers, offsets this through the purchase of carbon credits. Hotels use the company’s proprietary LightStay™ Meeting Impact Calculator to calculate carbon emissions, and the program supports the ‘Living Sustainably’ pillar of Hilton Worldwide’s global corporate responsibility strategy, Travel with Purpose™.
As of January 1, 2014, four new hotels joined the existing 13 already taking part in the program since its launch. The new hotels are DoubleTree by Hilton Sukhumvit Bangkok, Hilton Sukhumvit Bangkok in Thailand, and two hotels in Vietnam – Hilton Hanoi Opera and Hilton Garden Inn Hanoi.
“In the first 12 months of the Carbon Offset Program in Southeast Asia we offset 7,200 tons of carbon emitted from events held in our properties,” said William Costley, vice-president, Operations – Southeast Asia, Hilton Worldwide. “This well exceeds our initial carbon offset target of 6,000 tons, and is a credit to our hotels, team members and customers.”
The 7,200 tons of carbon offset in the first 12 months of Hilton Worldwide’s Carbon Offset Program is equivalent to 758 economy class flights around the world.
“As we expand this program to include new sustainability projects and more hotels in Southeast Asia, we stay committed to creating shared value both for our business and society,” said Costley.
Participating hotels in the Hilton Worldwide Carbon Offset Program in Southeast Asia are:
Conrad Centennial Singapore
Hilton Singapore
Hilton Kuala Lumpur
DoubleTree by Hilton Kuala Lumpur
Hilton Petaling Jaya
Hilton Kuching
Millennium Hilton Bangkok
Conrad Bangkok
Hilton Phuket Arcadia Resort & Spa
Hilton Pattaya
Hilton Hua Hin Resort & Spa
Conrad Bali
Hilton Bandung
DoubleTree by Hilton Sukhumvit Bangkok
Hilton Sukhumvit Bangkok
Hilton Hanoi Opera
Hilton Garden Inn Hanoi
Hilton Worldwide is one of the first major multi-brand hospitality companies to make sustainability measurement a brand standard and require performance against sustainability goals. In 2012, the company registered US$253 million in utility cost savings through a 12.8% reduction of carbon output, a 12.2% reduction in energy use, a 24.9% reduction of waste input and a 10.2% reduction in water use.
Supporting resources:
Learn more about Hilton MICE in Southeast Asia
Learn more about the Hilton Worldwide Carbon Offset Program in Southeast Asia
About the Borneo Rainforest Rehabilitation Project
The Borneo Rainforest Rehabilitation Project aims to restore the rainforests of Sabah, Malaysia and grow the habitable area for wildlife such as orang-utans, sun bears, gibbons, pygmy elephants and the critically endangered Sumatran Rhino. Apart from growing the habitable area for wildlife, the rainforest restoration will also contribute to lowering greenhouse gas levels in the atmosphere.
About the Mungcharoen Biomass Project
The Mungcharoen Biomass Project in Thailand is a biomass project that uses a rice husk fuelled combustion technique to generate electricity. The electricity generated powers two local rice mills and is also fed into the local power grid. The project converts rice husks, previously considered waste, into a valued commodity while at the same time reducing reliance on the combustion of carbon intensive fossil fuels.
About the Musi Hydro Project
The Musi Hydro Project is a 210 MW run-of-river hydropower plant on the Musi River in Bengkulu, Sumatra, Indonesia. Consisting of three 70 MW turbines, the project exports 1,140,000 MWh of clean energy to the grid. Apart from being a source of clean energy, the project sustains the local community by providing employment opportunities and running environmental initiatives such as reforestation, invasive water plant removal, and waste management projects.
About the Song Ong Small Hydro Project
The Song Ong Small Hydro Project consists of three hydropower units on the Ong River in Vietnam’s Ninh Thuan province. The project feeds 40,000 MWh of clean electricity each year into the national power grid, reducing carbon emissions by 21,500 tons per year and improving electricity supply in the region. The project has also led to the improvement of infrastructure including the construction of a new road, and improved communications and water treatment systems.
About Travel with Purpose™
Travel with Purpose™ is Hilton Worldwide’s commitment to provide shared value to its business and communities around the world. As the driving strategy for Hilton Worldwide’s corporate responsibility efforts, Travel with Purpose focuses on creating opportunities for individuals to reach their full potential; strengthening local communities where Team Members live, work and travel; celebrating cultures and the power of travel; and living sustainably through the measurement, analysis and improvement of the use of natural resources. Visit http://www.hiltonworldwide.com/corporate-responsibility for more information.
About LightStay™
LightStay™ is Hilton Worldwide’s proprietary system developed to calculate and analyze sustainability performance. LightStay measures multiple utility and operational metrics such as (but not limited to) energy, water, carbon, housekeeping, paper product usage, waste, chemical storage, air quality and transportation. In addition, LightStay™ provides social networking tools that enable properties to communicate and share information, and features a “meeting impact calculator” that calculates the sustainability impact of any meeting or conference held at a property. LightStay™ is implemented at Hilton Worldwide properties across the globe, and measures over 200 indicators including energy and water use, as well as waste and carbon output.
About Hilton Worldwide
Hilton Worldwide is a leading global hospitality company, spanning the lodging sector from luxury and full-service hotels and resorts to extended-stay suites and focused-service hotels. For 94 years, Hilton Worldwide has been dedicated to continuing its tradition of providing exceptional guest experiences. The company’s portfolio of ten world-class global brands is comprised of more than 4,000 managed, franchised, owned and leased hotels and timeshare properties, with nearly 672,000 rooms in 90 countries and territories, including Waldorf Astoria Hotels & Resorts, Conrad Hotels & Resorts, Hilton Hotels & Resorts, DoubleTree by Hilton, Embassy Suites Hotels, Hilton Garden Inn, Hampton Hotels, Homewood Suites by Hilton, Home2 Suites by Hilton and Hilton Grand Vacations. The company also manages an award-winning customer loyalty program, Hilton HHonors®.
Source: Hilton Worldwide

Written by asiafreshnews

January 13, 2014 at 3:13 pm

Posted in Uncategorized

New Mumbai Airport, Designed By Skidmore, Owings & Merrill, Inaugurated Today

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GVK Chhatrapati Shivaji International Airport Terminal 2 symbolizes India’s global future, while celebrating the country’s heritage
MUMBAI, India /PRNewswire/ — Today, India’s Prime Minister, Manmohan Singh, along with visiting dignitaries and representatives from the private developer, GVK, inaugurated Chhatrapati Shivaji International Airport Terminal 2, the stunning new air hub designed by Skidmore, Owings & Merrill (SOM). Located in the heart of India’s financial capital, the new hub adds 4.4 million square feet of space to accommodate 40 million passengers per year operating 24 hours a day. By orchestrating the complex web of passengers and planes into a design that feels intuitive and responds to the region’s rocketing growth, the new Terminal 2 asserts the airport’s place as a preeminent gateway to India and underscores the country’s status as an international economic power.
According to Mr. G V Sanjay Reddy, the Managing Director of GVK Mumbai International Airport Pvt. Ltd. (MIAL), “The new Terminal 2 at CSIA is a monument to the beautiful spirit of Mumbai and its people. This terminal will make CSIA a gateway to the city of Mumbai and India with international and domestic passengers. We are happy to work with SOM, who helped us translate our dream and vision into reality.”
The new terminal combines international and domestic passenger services under one roof, optimizing terminal operations and reducing passenger walking distances. Inspired by the form of traditional Indian pavilions, the four-story terminal stacks a grand “headhouse,” or central processing podium, on top of highly adaptable and modular concourses below. Rather than compartmentalizing terminal functions, three symmetrical concourses radiate outwards from a central processing core and are therefore easily reconfigured to “swing” between serving domestic flights or international flights.
Just as the terminal celebrates a new global, high-tech identity for Mumbai, the structure is imbued with responses to the local setting, history, and culture. “We designed an airport that is intimately connected to its surroundings,” explains Roger Duffy, FAIA, Design Partner at SOM. “By subtly incorporating regional patterns and textures at all scales, Terminal 2 resonates with a sense of place and serves as a spectacular symbol for India and Mumbai.” From the articulated coffered treatment on the headhouse columns and roof surfaces to the intricate jali window screens that filter dappled light into the concourses, Terminal 2 demonstrates the potential for a modern airport to view tradition anew.
A Gateway to India
All international and domestic passengers enter the terminal headhouse on the fourth floor, accessed from a sweeping elevated road. At the entrance, the lanes split, making room for wide drop-off curbs with ample space for traditional Indian departure ceremonies. From the moment of arrival, the terminal embraces travelers. Above, the headhouse roof extends to cover the entire arrivals roadway, protecting passengers and their guests from Mumbai’s heat and unpredictable monsoon weather. A 50-foot-tall glass cable-stayed wall—the longest in the world—opens to the soaring space of the check-in hall. The transparent facade also allows accompanying well-wishers, who must remain outside of the terminal due to Indian aviation regulations, to watch as their friends and family depart.
Once inside, travelers enter a warm, light-filled chamber, sheltered underneath a long-span roof supported by an array of multi-story columns. The monumental spaces created beneath the thirty mushrooming columns call to mind the airy pavilions and interior courtyards of traditional regional architecture. Small disks of colorful glass recessed within the canopy’s coffers speckle the hall below with light. The constellation of colors makes reference to the peacock, the national bird of India, and the symbol of the airport.
The check-in hall leads to a retail hub—a common space that allows passengers to shop, eat, and watch planes take off though expansive, floor-to-ceiling windows. Centrally located at the junction of the concourses and the terminal core, these commercial plazas provide a focal point of activity in close proximity to the gates. Within these spaces and throughout the concourses, culturally referential fixtures and details, such as custom chandeliers inspired by the lotus flower and traditional mirror mosaic work created by local artists, ground the traveler to a community and culture beyond the airport. Regional artwork and artifacts are displayed on a central, multi-story Art Wall, illuminated by skylights above. The prevalence of local art and culture, coupled with the use of warm colors and elegant accents, elevates the ambience of terminal beyond the typical, often unimaginative airport experience.
Although the terminal is four stories, interconnecting light slots and multi-story light wells ensure that light penetrates into the lower floors of the building, acting as a constant reminder of the surrounding city and landscape. At dusk, illuminated from within, the terminal glows like a sculpted chandelier.
A Flexible Footprint
The construction site of the new terminal building was located in close proximity to the existing terminal which had to remain fully operational during construction. This site requirement inspired the elongated X-shaped plan of the terminal, which could both mold around existing structures and incorporate modular designs to accommodate rapid and phased construction. This innovative form also allows for the consolidation of important passenger processing, baggage handling, and retail/dining functions at the center of the terminal. On each floor, radiating piers permit the shortest possible walking distances from the center of the terminal to boarding areas, while also maximizing the terminal’s perimeter for aircraft gates.
The terminal’s roof—one of the largest in the world without an expansion joint—ensures further terminal flexibility. The long-span capabilities of the steel truss structure allow for the spacing of the thirty 130-foot columns to be far enough apart to not only give a feeling of openness to the large processing areas below but also to allow for maximum flexibility in the arrangement of ticket counters and other necessary processing facilities.
A Hub of Energy Efficiency
Terminal 2 uses a high-performance glazing system with a custom frit pattern to achieve optimal thermal performance and mitigate glare. Perforated metal panels on the terminal’s curtain wall filter the low western and eastern sun angles, creating a comfortable day-lit space for waiting passengers, and responsive daylight controls balance outdoor and indoor light levels for optimal energy savings. Strategically-placed skylights throughout the check-in hall will reduce the terminal’s energy usage by 23%.
At Terminal 2, modern materials and technologies are used to powerful effect. But while cutting-edge strategies set a new standard for sustainable, modern airport design, the terminal is as much a showpiece of the history and traditions of India and Mumbai as it is an unprecedented structural and technological achievement. Rising from the Mumbai cityscape, Chhatrapati Shivaji International Airport celebrates both India’s rich cultural heritage and the country’s increasingly global future.
About Skidmore, Owings & Merrill LLP
Skidmore, Owings & Merrill LLP (SOM) is one of the leading architecture, interior design, engineering, and urban-planning firms in the world, with a 75-year reputation for design excellence and a portfolio that includes some of the most important architectural accomplishments of the 20th and 21st centuries. Since its inception, SOM has been a leader in the research and development of specialized technologies, new processes and innovative ideas, many of which have had a palpable and lasting impact on the design profession and the physical environment. The firm’s longstanding leadership in design and building technology has been honored with more than 1,600 awards for quality, innovation, and management. The American Institute of Architects has recognized SOM twice with its highest honor, the Architecture Firm Award—in 1962 and again in 1996. The firm maintains offices in New York, Chicago, San Francisco, Los Angeles, Washington, D.C., London, Hong Kong, Shanghai, Mumbai, and Abu Dhabi.
(Photo: http://photos.prnewswire.com/prnh/20140110/CG44126)
Source: Skidmore, Owings & Merrill LLP

Written by asiafreshnews

January 13, 2014 at 3:03 pm

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Aviation Finance Company Limited completes a follow-on Pre-Delivery Payment financing for a 9th Airbus A330 aircraft, for Synergy Aerospace Corp. topping the facilities to $294 million

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Synergy’s Aerospace Corp will operate A330-200 aircraft to maintain growth in the Airline Group’s long-haul routes.
DUBLIN /PRNewswire/ — Aviation Finance Company Limited (AFC) announced the completion of a follow-on financing for Synergy increasing the pre-delivery payment (PDP) facilities for Synergy’s A330 orders to over $294 million. This follows the first ever multi-tranche debt capital market $263 million Pre-Delivery Payment (PDP) financing for 8 Airbus A330 completed in 2013. AFC had the PDP facility rated for insurance investors. Synergy is the majority owner of Avianca, a leading Latin American airline conglomerate. Airbus will deliver nine A330-200s to the group. The aircraft will operate in the group’s expanding network around the globe.
About Synergy Aerospace Ltd.
Synergy Aerospace is a South American conglomerate. Headquartered in in Sao Paulo, Brazil, the Group operates Avianca Brazil throughout Brazil and controls Avianca a conglomerate of former, AviancaTaca, Aerogal, Tampa and other smaller regional airlines, that operate in the Americas and, to and from Europe. Through Synergy Aerospace’s parent company, Synergy Group, the company actively explores oil throughout the region, operates ship building facilities and operates among other businesses in oil services, transport, radiochemistry and radiopharmaceuticals.
About Aviation Finance Company Limited
AFC invests in aviation businesses, financing aircraft and infrastructure critical to the development of global transportation. AFC is a complementary partnership between highly successful aviation advisory firms, large investment managers and investment banks. AFC was founded with the view that the aviation industry requires permanent and dedicated capital for financing aircraft purchases. As a reliable investment partner and financial advisor to airlines and other operators, the company prides itself on a partnership business model to support the steady growth of the transportation sector.
http://www.avfinco.com
Source: Aviation Finance Company Limited

Written by asiafreshnews

January 13, 2014 at 11:58 am

Posted in Uncategorized

SodaStream Unveils Scarlett Johansson as its First-Ever Global Brand Ambassador

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AIRPORT CITY, Israel and MOUNT LAUREL, New Jersey, Jan. 11, 2014 /PRNewswire/ — SodaStream International Ltd. (NASDAQ: SODA) has signed actress Scarlett Johansson as its first-ever Global Brand Ambassador. Johansson, a Tony winner and four-time Golden Globe nominee, will become the face of a new marketing campaign for the world’s leading home carbonation system. The multi-year partnership will kick-off when SodaStream premieres its first ad featuring Johansson during Super Bowl XLVIII on Sunday, February 2, 2014.
(Photo: http://photos.prnewswire.com/prnh/20140111/NY42613-a)
(Photo: http://photos.prnewswire.com/prnh/20140111/NY42613-b)
(Logo: http://photos.prnewswire.com/prnh/20121107/NY07412LOGO)
“We are thrilled to welcome the remarkably talented Scarlett Johansson into the SodaStream family,” stated Daniel Birnbaum, CEO of SodaStream. “Scarlett is a long-time user and genuine fan of our products, a role model for healthy body image and a champion for environmental responsibility, making her the perfect choice for our global ambassador. She truly embodies our brand values and we are honored to have her join our team.”
Johansson believes that being healthy is about commitment, determination, and self-empowerment. These core values emulate SodaStream’s mission to revolutionize the beverage industry by empowering people with easy-to-use, fun ways to enjoy better-for-you, better-for-the-environment bubbly beverages.
The actress has loved sparkling water since childhood, which led her to discover SodaStream. Now a loyal user for years, Johansson has a soda maker in her home and is an enthusiastic fan of the brand.
“I’ve been using the SodaStream products myself and giving them as gifts for many, many years,” said Johansson. “The company’s commitment to a healthier body and a healthier planet is a perfect fit for me. I love that the product can be tailored to any lifestyle and palate. The partnership between me and SodaStream is a no brainer. I am beyond thrilled to share my enthusiasm for SodaStream with the world!!”
SodaStream empowers consumers to create their own carbonated beverages at home, just the way they like them. SodaStream soda mixes are available in over 100 flavors, and generally contain 2/3 less sugar, 2/3 less calories, no high-fructose corn syrup and no aspartame. With an innovative re-usable bottle, the SodaStream system drastically reduces the waste created by plastic bottles and cans; a true revolution in the way people consume carbonated drinks. The company is confident that in her role as Global Ambassador, Johansson will help consumers embrace home soda making as the future of the beverage industry.
About SodaStream
SodaStream International Ltd. (NASDAQ: SODA) is the world’s leading manufacturer and distributor of home beverage carbonation systems, which enable consumers to easily transform ordinary tap water instantly into carbonated soft drinks and sparkling water. Soda makers offer a highly differentiated and innovative solution to consumers of bottled and canned carbonated soft drinks and sparkling water. Our products are environmentally friendly, cost effective, promote health and wellness, and are customizable and fun to use. In addition, our products offer convenience by eliminating the need to carry bottles home from the supermarket, to store bottles at home or to regularly dispose of empty bottles. SodaStream products are available at more than 60,000 retail stores in 45 countries around the world, including over 15,000 retail stores in the United States. For more information please visit http://www.sodastream.com.
Forward Looking Statement
This release contains forward-looking statements, which express the current beliefs and expectations of management. Such statements are based on management’s current beliefs and expectations and involve a number of known and unknown risks and uncertainties that could cause our future results, performance or achievements to differ significantly from the results, performance or achievements expressed or implied by such forward-looking statements. Important factors that could cause or contribute to such differences include risks relating to: our ability to expand into our target markets, including the United States; our ability to continue to develop or maintain our presence in retail networks; our ability to develop and implement production and operating infrastructure to effectively support our growth; the success of our marketing campaigns and media spending in terms of increased sales or increased product and brand name awareness; our ability to maintain our customer base in markets where we have an established presence; the risks associated with our reliance on exclusive arrangements for the distribution of our home beverage carbonation systems and consumables in each of the markets in which we use third-party distributors; our ability to compete effectively with other companies which currently offer, or may offer in the future, competing products; potential product liability claims if any component of our home beverage carbonation systems is misused; our ability to protect our intellectual property rights; our being found to have a dominant position in certain markets which may place limits on our ability operate; risks associated with our being subject to fluctuations in currency exchange rates; our potential exposure to greater than anticipated tax liabilities; our products being subject to extensive governmental regulation in the markets in which we operate; adverse conditions in the global economy which could negatively impact our customers’ demand for our products; and other factors detailed in documents we file from time to time with the United States Securities and Exchange Commission. Forward-looking statements in this release are made pursuant to the safe harbor provisions contained in the Private Securities Litigation Reform Act of 1995.
About the Super Bowl ad production:
Agency:
Humanaut
Titles:
Director: Bryan Buckley
Creative Director: Alex Bogusky / David Littlejohn
Copywriter: David Littlejohn
Art Director: Stephanie Galabert
MEDIA CONTACTS
Corbis Entertainment +1-818-982-3505
Los Angeles: Monica M. Jaramillo/ monica.jaramillo@corbis.com
New York: Venessa Correa/ venessa.correa@corbis.com
SODASTREAM CONTACT
Yonah Lloyd +972-3-976-2462
Chief Corporate Development and Communications Officer
yonahl@sodastream.com
Source: SodaStream International Ltd.

Written by asiafreshnews

January 13, 2014 at 11:44 am

Posted in Uncategorized

Fiji Airways Announces Five-Year Masterplan

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NADI, Fiji, Jan. 10, 2014 /PRNewswire/ — Fiji Airways announced details from its five-year strategic plan approved by the airline’s board in mid-December 2013.
(Logo: http://photos.prnewswire.com/prnh/20140110/LA44052LOGO)
Developed through input from customers, employers, and stakeholders, the plan includes three focus areas: (1) growing the number of aircrafts and available seats, (2) increasing operating profits and passenger numbers, and (3) expanding the airline’s route network through key airline partnerships.
(1) The airline will increase its fleet size by 25% with new A330-200, B737-800s and ATR72-600s aircrafts. The additional aircraft will support plans to increase the number of available seats and passengers across all markets by 35% and 39%, respectively.
(2) The airline will activate an aggressive financial performance strategy to increase operating profits above $100m (FJD), a goal calculated using current fuel prices and exchange rates.
Stefan Pichler, Fiji Airways’ Managing Director and CEO, states “Our aim is to be a world-class airline matched by an ambitious but solid financial plan that expands on current successes and takes our airline to a new level.”
In addition to increasing financial stability, building and maintaining a strong and loyal workforce also remain imperative. “We plan to increase total staff numbers by 28.5%. Part of our vision for 2017 is to be the Fijians’ employer of choice,” says Pichler.
(3) In terms of network expansion, Fiji Airways will focus on the deliberate selection of new routes and airline partnerships through detailed scheduling studies and interlining and code-sharing opportunities. Recent amendments resulting from the plan include new direct Sydney-Suva and Apia-Suva services and changes to some Auckland-Nadi departure times.
Pichler concludes, “I’m very grateful for the Fiji Airways team and their tireless efforts in preparing the masterplan. We are confident that this will expand the airline’s network and drive tourism in Fiji.”
Jaclyn Gaffaney
Fiji Airways / Myriad Marketing
+1-310-649-7700
jaclyn@myriadmarketing.com
About Fiji Airways: Founded in 1951, Fiji Airways is Fiji’s national airline and aims to become the airline of choice of the South Pacific. From its hub at Nadi International Airport, Fiji Airways and its subsidiary, Pacific Sun, fly to 15 cities in 10 countries. Destinations include Australia, New Zealand, USA, Hong Kong, Samoa, Tonga, Tuvalu, Kiribati, Vanuatu, and Solomon Islands. Fiji Airways transports over 64% of all visitors who fly to Fiji, and the two companies earn revenues of over $380m USD. Fiji Airways rebranded from Air Pacific in June 2013. http://www.fijiairways.com
Source: Fiji Airways

Written by asiafreshnews

January 13, 2014 at 11:32 am

Posted in Uncategorized

Infosys (NYSE: INFY) Announces Results for the Quarter Ended December 31, 2013

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MYSORE, India /PRNewswire/ —
Q3 revenues grew by 1.7% quarter-on-quarter; 9.9% year-on-year
Net profit grew by 20.9% quarter-on-quarter; 6.7% year-on-year
Financial Highlights
Consolidated results under International Financial Reporting Standards (IFRS) for the quarter ended December 31, 2013
Revenues were $2,100 million for the quarter ended December 31, 2013
QoQ growth was 1.7%
YoY growth was 9.9%
Net profit was $463 million for the quarter ended December 31, 2013
QoQ growth was 20.9%*
YoY growth was 6.7%
Earnings per American Depositary Share (EPADS) was $0.81 for the quarter ended December 31, 2013
QoQ growth was 20.9%*
YoY growth was 6.6%
Liquid assets including cash and cash equivalents, available-for-sale financial assets, certificates of deposits and government bonds were $4.4 billion as on December 31, 2013 versus $4.3 billion as on September 30, 2013

* including the provision for visa related matters made in quarter ended September 30, 2013
(Logo: http://photos.prnewswire.com/prnh/20130122/589162 )
Other highlights:
Infosys and its subsidiaries added 54 clients during the quarter
Gross addition of 6,682 employees for the quarter by Infosys and its subsidiaries
158,404 employees as on December 31, 2013 for Infosys and its subsidiaries
“The year ahead looks exciting for the IT services industry. We believe the global economic environment has improved and our clients are gaining confidence to invest in their strategic initiatives,” said S. D. Shibulal, CEO and Managing Director. “We continue to differentiate ourselves to seize growth opportunities. The recent changes in organizational structure will enable us to strengthen client relationships and increase market share.”
“During the quarter, we saw early but promising results of our initiatives to increase efficiency in our operations,” said Rajiv Bansal, Chief Financial Officer. “We continue to remain focused on making investments necessary to secure and grow our future.”
Outlook
The company’s outlook (consolidated) for the fiscal year ending March 31, 2014, under IFRS is as follows:
Revenues are expected to grow 11.5%-12.0%
Business Highlights
We have partnered with a leading manufacturer, Diebold, to further its transformation journey and streamline its service, supply chain management, and financial operations processes.
Our focus on Cloud and Big Data as new growth areas continues to yield results. We have executed more than 200 engagements and have won more than 20 deals this quarter. We have been formally inducted as a member of the steering committee of the global Open Data Center Alliance (ODCA) to help define the next generation of enterprise-ready Cloud and Big Data implementations.
We are partnering with clients to create innovative solutions around the mobile device. This quarter we started more than 25 engagements across mobile field service, device management and enterprise productivity.
Our Engineering Services business continues to see strong growth. With over 150 active clients, we had 52 wins this quarter across industries.
Infosys Edge continues its momentum in the market as we invest in technologies like Social, Mobile, Analytics and Cloud. This quarter we had 14 wins – eight for platforms and six for products. We also launched TradeEdge, an insights-driven sales platform that help brands accurately sense and fulfill consumer demand while significantly improving sales and operational performance.
Infosys Finacle™ sustained its business momentum in the quarter with eight new wins; 11 banks went live on the platform across India, Africa, Middle East and South East Asia.
The District of Columbia’s new online health insurance marketplace, DC Health Link, designed and implemented by Infosys Public Services Inc, successfully went live on October 1, 2013.
To keep pace with the business momentum in the region, we expanded our presence in Australia with a new office in Sydney. Infosys BPO opened a new delivery center in Eindhoven, the Netherlands to strengthen its global footprint and reinforce its presence in Europe.
During the third quarter, Infosys applied for 22 unique patent applications in India and the U.S. With this, we have 533 patent applications undergoing various stages of patent prosecution in India, the U.S. and other jurisdictions. We have been granted 143 patents by the United States Patent and Trademark Office, one patent by Australian Patent Office and three patents by the Luxembourg patent office.
Awards and Recognition
We have been positioned in the winner’s circle in HfS Enterprise Analytics Services Blueprint 2013. The report recognizes Infosys for its significant scale in analytics, execution excellence across service areas, and responsiveness to clients.
Oracle has awarded us with its 2013 Oracle Excellence Award for ‘Specialized Partner of the Year’ – North America in the Services Partner of the Year, and Business Intelligence Partner of the Year categories. In addition, we were also awarded 2013 Oracle Excellence Award Honorable Mentions for ‘Specialized Partner of the Year’ – North America for Communications, Media and Entertainment; Energy & Utilities; and Financial Services. We were also awarded the 2013 APAC Oracle Excellence Award for ‘Specialized Partner of the Year’ – Industry.
Avivia Health from Kaiser Permanente, recognized Infosys Public Services as a strategic partner to develop its innovative gamification platform to improve consumer engagement.
The National Outsourcing Association (NOA) has presented Infosys and British Telecom with the 2013 award for excellence in telecommunication, utilities and hi-tech outsourcing.
The CEB TowerGroup Mobile Banking Solutions Technology Analysis report and the Core Banking Systems for the Large Bank Market report, both recognized Infosys Finacle™ as a ‘Best-in-Class’ provider.
Gartner’s International Retail Core Banking report positioned Infosys Finacle™ as a Leader in its Magic Quadrant for International Retail Core Banking* for the seventh time in a row.

*Source: Gartner, Inc., “Magic Quadrant for International Retail Core Banking,” Don Free and Ethan Wang, October 8, 2013. 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.
Infosys BPO has been positioned in the Leaders category in Everest Group’s Procurement Outsourcing (PO) Service Provider Landscape with PEAK Matrix Assessment 2013 report.
We have won the prestigious Global Most Admired Knowledge Enterprise (MAKE) Award for the ninth time. We have also won the Asian MAKE Award eleven times in a row.
At Asiamoney’s annual Corporate Governance Poll 2013, we were recognized as the Best Overall for Corporate Governance, Responsibilities of Management and the Board of Directors, Disclosure and Transparency, Shareholders’ Rights and Equitable Treatment, and Investor Relations.
We received the ‘Platinum’ award at ‘The Asset’ Excellence in Management and Corporate Awards 2013.
The IR global rankings 2013 ranked us third globally for corporate governance practices and second for IR website in India.
Board Changes
Induction of U.B. Pravin Rao and Kiran Mazumdar-Shaw
The Board of Directors appointed Mr. U B Pravin Rao as an Additional and Whole-time Director and Ms. Kiran Mazumdar-Shaw as an Additional (Independent) Director.
Mr. Pravin Rao is currently the President of the Company. He is responsible for driving growth and differentiation across a portfolio of businesses. These include Retail, Consumer Packaged Goods and Logistics, Life Sciences, Resources & Utilities, Services, Growth Markets, Cloud & Mobility, and Quality & Productivity. In addition, he is responsible for Global Delivery and Service Innovation. Pravin is also the Director of the Infosys Leadership Institute (ILI) globally. ILI is responsible for the selection, development, research and succession of senior and high-potential leaders. He has over 25 years of experience, working on engagements with clients, primarily in retail and financial services. Since joining Infosys in 1986, he has held a number of senior leadership roles such as Head of Infrastructure Management Services, Delivery Head for Europe, and Head of Retail, Consumer Packaged Goods, Logistics and Life Sciences. Pravin holds a degree in electrical engineering from Bangalore University, India.
Ms. Kiran Mazumdar-Shaw is the Chairman & Managing Director of Biocon Limited a biotechnology company based in Bangalore, India. Kiran is highly respected in the corporate world and has been named among TIME magazine’s 100 most influential people in the world. Recently, Economic Times placed her at India Inc’s top 10 most powerful women CEO for the year 2012. Her pioneering efforts in biotechnology have drawn global recognition both for Indian Industry and Biocon. She received a graduate honors degree in Zoology from Bangalore University (1973) and qualified as a Master Brewer from Ballarat University, Australia (1975). Kiran has also received many honorary Doctorates in recognition of her pre-eminent contributions to the field of biotechnology.
Retirement of David Boyles
In accordance with the retirement policy for the company’s Board of Directors (attainment of 65 years of age for Independent Directors appointed to the Infosys Board prior to October 15, 2010), David L. Boyles, Independent Director, will retire from the Board effective January 17, 2014. David L. Boyles joined the Infosys Board in July 2005.
N. R. Narayana Murthy, Executive Chairman of the Board, said, “David has played an important role on the Board. His insights on Risk Management have benefitted the Company immensely and have helped us strengthen our approach to Risk Management. We thank David for his contribution to the Board and in particular to the Risk Management Committee, in his capacity as the Chair of the Committee. We will miss his knowledge and unique insights.”
David L. Boyles thanked the Board and said, “I have had a rewarding association with Infosys over the past eight years. I would like to thank the Board of Directors for giving me an opportunity to be a part of the journey of this iconic company. I wish the company and its leaders the very best.”
David L. Boyles has held senior leadership positions at large multinational corporations, including American Express, Bank of America and ANZ Banking Group. He retired from the ANZ and full-time corporate life in December 2003. David’s most recent corporate position was that of Chief Operations Officer at ANZ Banking Group where he was responsible for Technology, Payments, Property, Strategic Sourcing and other shared services. He was also on the Board of ANZ Bank New Zealand and chaired the ANZ Group Operating Risks Executive Committee. Prior to ANZ, he was Senior Vice President, e-Commerce, at American Express. In this role, he was responsible for state-of-the-art online services and emerging technologies. His early roles with AMEXCO included Senior Vice President, Global Systems and Operations, Travellers Cheque Group. Earlier leadership positions include Downey Financial (Executive Vice President & Chief Operating Officer) and Bank of America (Senior Vice President, Consumer Markets). David has an MBA from Washington State University and an MA and BA (summa cum laude) in Psychology from UNC, Greeley and authored a book Maximising the Business Value of your Technology Investment (©2005, Infosys and Microsoft).
About Infosys Ltd
Infosys is a global leader in consulting, technology and outsourcing solutions. We enable clients, in more than 30 countries, to stay a step ahead of emerging business trends and outperform the competition. We help them transform and thrive in a changing world by co-creating breakthrough solutions that combine strategic insights and execution excellence.
Visit http://www.infosys.com/Pages/index.aspx to see how Infosys (NYSE: INFY), with US$7.4 billion in annual revenues and 158,000+ employees, is Building Tomorrow’s Enterprise® today.
Safe Harbor
Certain statements in this release concerning our future growth prospects are forward-looking statements, which involve a number of risks and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding fluctuations in earnings, fluctuations in foreign exchange rates, our ability to manage growth, intense competition in IT services including those factors which may affect our cost advantage, wage increases in India, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, restrictions on immigration, industry segment concentration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks or system failures, our ability to successfully complete and integrate potential acquisitions, liability for damages on our service contracts, the success of the companies in which Infosys has made strategic investments, withdrawal or expiration of governmental fiscal incentives, political instability and regional conflicts, legal restrictions on raising capital or acquiring companies outside India, and unauthorized use of our intellectual property and general economic conditions affecting our industry. Additional risks that could affect our future operating results are more fully described in our United States Securities and Exchange Commission filings including our Annual Report on Form 20-F for the fiscal year ended March 31, 2013 and on Form 6-K for the quarter ended September 30, 2013. These filings are available at http://www.sec.gov/. Infosys may, from time to time, make additional written and oral forward-looking statements, including statements contained in the company’s filings with the Securities and Exchange Commission and our reports to shareholders. The company does not undertake to update any forward-looking statements that may be made from time to time by or on behalf of the company unless it is required by law.
Infosys Limited and subsidiaries
Unaudited Condensed Consolidated Balance Sheets as of
(Dollars in millions except share data)

December31, 2013 March31, 2013
ASSETS

Current assets

Cash and cash equivalents $ 3,712 $4,021
Available-for-sale financial assets 418 320
Investment in certificates of deposit 106 –
Trade receivables 1,447 1,305
Unbilled revenue 423 449
Derivative financial instruments – 19
Prepayments and other current assets 428 391
Total current assets 6,534 6,505
Non-current assets

Property, plant and equipment 1,202 1,191
Goodwill 354 364
Intangible assets 60 68
Available-for-sale financial assets 203 72
Deferred income tax assets 98 94
Income tax assets 241 201
Other non-current assets 41 44
Total non-current assets 2,199 2,034
Total assets $8,733 $8,539
LIABILITIES AND EQUITY

Current liabilities

Derivative financial instruments $16 –
Trade payables 29 35
Current income tax liabilities 318 245
Client deposits 7 6
Unearned revenue 142 152
Employee benefit obligations 148 113
Provisions 49 39
Other current liabilities 733 568
Total current liabilities 1,442 1,158
Non-current liabilities

Deferred income tax liabilities 11 23
Other non-current liabilities 49 27
Total liabilities 1,502 1,208
Equity

Share capital – `5 ($0.16) par value 600,000,000 equity shares authorized, issued and outstanding 571,402,566 each, net of 2,833,600 treasury shares each as of December 31, 2013 and March 31, 2013, respectively 64 64
Share premium 704 704
Retained earnings 8,405 7,666
Other components of equity (1,942) (1,103)
Total equity attributable to equity holders of the company 7,231 7,331
Non-controlling interests – –
Total equity 7,231 7,331
Total liabilities and equity $8,733 $8,539

Infosys Limited and subsidiaries
Unaudited Condensed Consolidated Statements of Comprehensive Income
(Dollars in millions except share and per equity share data)

Three
months
ended
December
31, 2013 Three
months
ended
December
31, 2012 Nine
months
ended
December
31, 2013 Nine
months
ended
December
31, 2012

Revenues $2,100 $1,911 $6,157 $5,460
Cost of sales 1,341 1,203 3,974 3,376
Gross profit 759 708 2,183 2,084
Operating expenses:

Selling and marketing expenses 104 99 327 277
Administrative expenses* 129 118 411 355
Total operating expenses 233 217 738 632
Operating profit 526 491 1,445 1,452
Other income, net 117 92 301 308
Profit before income taxes 643 583 1,746 1,760
Income tax expense 180 149 482 479
Net profit $463 $434 $1,264 $1,281
Other comprehensive income

Items that will not be reclassified to profit or loss:

Re-measurement of the net defined benefit liability/(asset) 4 – 10 –

Items that may be reclassified subsequently to profit or loss:

Fair value changes on available-for-sale financial asset, net of tax effect (10) – (14) –
Exchange differences on translating foreign operations 91 (250) (844) (478)
Total other comprehensive income $85 ($250) ($848) ($478)
Total comprehensive income $548 $184 $416 $803

Profit attributable to:

Owners of the company $463 $434 $1,264 $1,281
Non-controlling interests – – – –

$463 $434 $1,264 $1,281
Total comprehensive income attributable to:

Owners of the company $548 $184 $416 $803
Non-controlling interests – – – –

$548 $184 $416 $803

Earnings per equity share

Basic ($) 0.81 0.76 2.21 2.24
Diluted ($) 0.81 0.76 2.21 2.24
Weighted average equity shares used in computing earnings per equity share

Basic 571,402,566 571,400,086 571,402,566 571,398,129
Diluted 571,402,566 571,400,417 571,402,566 571,399,018

(*) Administrative expenses for nine months ended December 31, 2013 include a charge of $ 35 million towards visa related matters.

NOTE:
The unaudited Condensed Consolidated Balance sheets and Condensed Consolidated Statements of Comprehensive Income for the three months and nine months ended December 31, 2013 have been taken on record at the Board meeting held on January 10, 2014
A Fact Sheet providing the operating metrics of the company can be downloaded from http://www.infosys.com
Fact Sheet: http://multivu.prnewswire.com/mnr/prne/operations/Fact-Sheet.pdf
INR Press Release: http://multivu.prnewswire.com/mnr/prne/operations/INR-Press-Release.pdf
Contact
Investor Relations
Gargi Ray
+91-80-4116-7747
gargi_ray@infosys.com
Sandeep Mahindroo
+91-80-3980-1018
Sandeep_Mahindroo@infosys.com
Media Relations
Sarah Vanita Gideon, India
+91-80-4156-3373
Sarah_Gideon@Infosys.com
Ken Montgomery, Golin Harris for Infosys, US
+1-415-318-4399
KMontgomery@GolinHarris.com
Source: Infosys Ltd
Related stocks: NYSE:INFY

Written by asiafreshnews

January 13, 2014 at 11:04 am

Posted in Uncategorized