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SKINPACT Programme Launched Today with New Global Awards Initiative to Support the Dermatology Community

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LAUSANNE, Switzerland, October 10, 2014 /PRNewswire/ —

  • Galderma, in partnership with the International League of Dermatological Societies, has launched the search for initiatives that will fulfil an important role in strengthening the global dermatology community
  • The SKINPACT Awards, part of a wider programme with social responsibility at its heart, will recognise entries in two categories: “Community Leadership” and “Excellence in Education
  • Galderma is committed to advancing dermatology to improve and support the lives of individuals living with, and impacted by, dermatological conditions

Galderma is proud to announce the launch of a new global initiative under the SKINPACT Programme that will provide support for two new projects in the field of community dermatology. The winning entries will be awarded funding to implement future projects to help shape advances inCommunity Leadership and Excellence in Education to improve communities and patient quality of life.

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The SKINPACT Programme recognises those who see the true potential for advancement in their field and are willing to work passionately to make that vision a reality. The SKINPACT Programme represents an important development of our corporate social responsibility focus in dermatology, something we at Galderma have prioritised for many years and consider a vital element in supporting a sustainable dermatology community worldwide, commented Humberto Antunes, President and CEO of Galderma. It is important that we value the people and ideas that can make a difference and generate a positive impact in advancing dermatological innovation.

The SKINPACT Awards are open for entry from now until 4 February 2015; in March the shortlisted entries, determined by an Expert Panel of leading dermatologists comprising of members of the International League of Dermatological Societies, will be announced on the SKINPACT website and peer voting will commence. The final decision on the winners will be disclosed, and awards granted of US$15,000, at the World Congress of Dermatology in Vancouver in June 2015.

This is a truly innovative approach to determining projects that will benefit patients and physicians, as well as the wider community, and this will be recognised through the support given by community voting. The winning projects will reflect the sustainable approach to connecting people across the globe to drive the focus represented by these new projects. We look forward to announcing the winners next year, said Professor Dr. Wolfram Sterry, President of the International League of Dermatological Societies (ILDS).

Please click on the link below for ‘Notes to Editors’:

Source: Galderma

Written by asiafreshnews

October 13, 2014 at 5:50 pm

Posted in Healthcare

Hosted Unified Communications in Latin America to Experience a Tenfold Increase by 2020, Finds Frost & Sullivan

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— The small and medium business, large enterprises and government segments will boost market revenues

BUENOS AIRES, Argentina, Oct. 10, 2014 /PRNewswire/ — The Latin America (LATAM) hosted Internet protocol (IP) telephony and integrated unified communications and collaboration (UCC) applications market remains on a rapid growth trajectory. Customers are increasingly realizing that the hosted model and operational-expenditure (OPEX) modality enhance flexibility, enable easy scalability and expansion. With hosted solutions, enterprises can also constantly update their complex communication systems with state-of-the-art technology and without further financial burden. Hosted IP telephony and integrated UCC application vendors need to promote these advantages to customers and forge stronger channel partnerships to thrive in the Latin American market.

Sebastian Menutti, ICT Industry Analyst - Latin America, Frost & Sullivan
Sebastian Menutti, ICT Industry Analyst – Latin America, Frost & Sullivan

New analysis from Frost & Sullivan, Analysis of the Latin American Hosted IP Telephony and Integrated UCC Applications Market, finds that the market registered revenues of $80.7 million in 2013 and estimates this to expand tenfold in the coming years, reaching $839.4 million in 2020.

For complimentary access to more information on this research, please visit:

“As almost no initial investment is required to deploy hosted, pay-as-you-go communications solutions, barriers to adoption among small and medium businesses are low,” said Frost & Sullivan Information & Communication Technologies Industry Analyst Sebastian Menutti. “Thus, hosted IP telephony and integrated UCC applications will gain traction in this segment, in addition to the large distributed enterprise and government segments.”

Already, end users across application segments can choose from a wide range of hosted solutions, including video, mobility and multiple-devices access. Even so, Latin American service providers are developing more solid hosted communications solutions.

As some vendors in Latin America have not yet introduced their full-fledged hosted communications portfolio, a larger number of platforms are anticipated to be available in the next 12 to 18 months. While this will broaden the options available for regional customers, it will also boost competitive pressures. Consequently, prices of hosted communications solutions will drop. This will reduce market participants’ profitability but drive adoption rates.

The longer-than-average renewal period of communications infrastructure in Latin America is also checking the pace of market development. Additionally, concerns on the security of hosted communications solutions among some end users hinder sales.

Mexico currently shows the most mature competitive environment in the region, while very strong growth is expected for Colombia and Brazil in 2014,” noted Menutti. “The most attractive market segments in terms of demand are and will remain mobile client, video conferencing and IP telephony.”

Analysis of the Latin American Hosted IP Telephony and Integrated UCC Applications Market is part of the Conferencing & Collaboration Growth Partnership Service program. Frost & Sullivan’s related studies include: Latin American Conferencing Services Market, Latin America Unified Communications and Collaboration Solutions Market, and Unified Communications and Collaboration (UC&C) in the Cloud in Latin America. All studies included in subscriptions provide detailed market opportunities and industry trends evaluated following extensive interviews with market participants.

About Frost & Sullivan

Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today’s market participants.

Our “Growth Partnership” supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.

  • The Integrated Value Proposition provides support to our clients throughout all phases of their journey to visionary innovation including: research, analysis, strategy, vision, innovation and implementation.
  • The Partnership Infrastructure is entirely unique as it constructs the foundation upon which visionary innovation becomes possible. This includes our 360 degree research, comprehensive industry coverage, career best practices as well as our global footprint of more than 40 offices.

For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Is your organization prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies?

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Analysis of the Latin American Hosted IP Telephony and Integrated UCC Applications Market

Francesca Valente
Corporate Communications – Latin America
P: +54 11 4777 5300
F: +54 11 4777 5300

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Source: Frost & Sullivan

Written by asiafreshnews

October 13, 2014 at 5:34 pm

DHL Wins Sustainable Business Award In Singapore for Industry-leading Sustainability Strategy and Commitment

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— Industry initiatives to accelerate sustainable logistics in Asia Pacific include Green Transformation Lab partnership with Singapore Management University and formation of Green Freight Asia
— To date, the company has achieved an 18% improvement in carbon efficiency, more than half-way towards its goal of 30% by 2020

SINGAPORE, Oct. 10, 2014 /PRNewswire/ — DHL, the world’s leading international logistics services provider, today received the “Sustainable Business Award” for the Large Enterprise category at the Singapore Sustainability Awards (SSA) ceremony. An annual program run by the Singapore Business Federation, SSA aims to honor the best sustainable practices and green solutions among enterprises. 

DHL wins the Large Enterprise category at the Sustainable Business Awards in Singapore
DHL wins the Large Enterprise category at the Sustainable Business Awards in Singapore


The winners of the Sustainable Business Awards are selected by an independent panel of key local educational institutions and government agencies[1]. Finalists are judged based on their economic, social and environmental impacts, as well as value creation in terms of performance and innovations. Bagging this award for the Large Enterprise category is recognition of DHL’s efforts in championing sustainability in the logistics industry through its industry-leading sustainability strategy and commitment.

Jerry Hsu, CEO DHL Express Asia Pacific, said: “Our focus on sustainable business practices aims to make environmental awareness and climate-friendly actions an integral part of DHL operations as well as embedded within the mindset of our employees; and we have been able to achieve a lot in this area. We have significantly reduced overall carbon emissions via our GoGreen-program. Improving its energy consumptions and optimizing its business networks as well as utilizing a growing fleet of green vehicles and modernized aircrafts, the DHL group achieved an 18% improvement in carbon efficiency in 2013, which brings us more than half way towards our goal of a 30% carbon efficiency improvement by 2020.”

Kelvin Leung, CEO DHL Global Forwarding Asia Pacific, said: “The formation of Green Freight Asia (GFA) is a reflection of our commitment towards sustainability and corporate responsibility. We are always looking for ways to help lower fuel consumption across Asia-Pacific, reduce CO2 emissions as well as bring greater value across the entire supply chain for all our stakeholders and customers. Moreover, we take on our corporate responsibility with a diverse range of programs and projects, which help support the group-wide goal of ‘Living Responsibility.”

Oscar de Bok, CEO DHL Supply Chain Asia Pacific, said: “Making a positive contribution to the society and environment is the essence of our sustainability statement. One contribution we are particularly proud of is the Green Transformation Lab, a joint collaboration between DHL and the Singapore Management University. The Lab was created in 2013 to accelerate the evolution of sustainable logistics across Asia Pacific. One of its innovations is the Carbon Dashboard, a supply chain management tool that maps CO2 emission to critical business parameters.”

“Living Responsibility” is DHL’s strategy in making positive contributions to society and the environment. It is focused on protecting the environment (GoGreen), delivering help (GoHelp), improving educational opportunity and employability (GoTeach), and supporting volunteering activities of its employees.

In the wake of Typhoon Haiyan in 2013, a disaster response team[2] from GoHelp was dispatched to the Philippines to provide on-site logistical support. Meanwhile, the GoTeach program has benefited schools and students in over 20 countries worldwide, including India, Indonesia, Philippines, Thailand and Vietnam.

– End –

DHL – The Logistics company for the world

DHL is the global market leader in the logistics and transportation industry and “The logistics company for the world”. DHL commits its expertise in international express, national and international parcel delivery, air and ocean freight, road and rail transportation as well as contract and e-commerce related solutions along the entire supply chain. A global network composed of more than 220 countries and territories and around 315,000 employees worldwide offers customers superior service quality and local knowledge to satisfy their shipping and supply chain requirements. DHL accepts its social responsibility by supporting environmental protection, disaster management and education.

DHL is part of Deutsche Post DHL. The Group generated revenue of more than 55 billion Euros in 2013.

Photo –
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Source: DHL

Written by asiafreshnews

October 13, 2014 at 5:23 pm

Hanergy Chairman Releases “China’s New Energy Revolution” in English at Frankfurt Book Fair

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BEIJING  /PRNewswire/ — Hanergy Holding Group Chairman Li Hejun today launched the English-language edition of his first book, China’s New Energy Revolution, at the Frankfurt Book Fair. Publisher McGraw-Hill Education has highlighted the book as the newest in a series of works introducing the Chinese pointofview on topics including society, business, and education to foreign audiences.

At a time when experts agree that China, as the world’s second-largest economy, must be at the forefront of the global fight against climate change, Mr. Li argues that its commitment to solar development provides a blueprint for others to follow.

Drawing on Mr. Li’s experience leading the world’s largest thin-film solar company, the book explores how rapid adoption of solar energy is transforming not only China’s energy landscape, but also its economic landscape. It explains how China has applied the mistakes and successes of other countries in Europe, North America, andNortheast Asia to become the world’s largest solar market.

The book goes on to explain how Hanergy has capitalized on global technical integration and a favorable policy environment to pioneer thin-film solar technology and bring China closer to a clean energy breakthrough. Mr. Li is confident that thin-film technology, which can be both flexible and portable, and harnesses the limitless power of the sun, will emerge a clear winner in the alternative energy field.

Former World Bank Chief Economist and Vice Chairman of the All-China Federation of Industry and Commerce Justin Yifu Lin says of the book, “Li Hejun provides a blueprint of new energy, represented by photovoltaic…makingChina play a leading role in this new technological revolution…Persuasive, readable, and inspiring.”

The Chinese-language edition of China’s New Energy Revolution was launched in November 2013 and has to date sold more than 80,000 copies. The book will soon be available in Singapore, and will later roll out to America,England, Germany, Asia-Pacific and other markets. It will also be available globally for download in the Kindle format.

About Hanergy Holding Group Ltd.

Hanergy Holding Group Ltd. (“Hanergy”) is a global clean energy company and the world’s largest thin-film solar company and solutions provider. Hanergy engages in the integration of the entire solar industry chain, covering R&D, high-end equipment manufacturing, solar module production, and the construction of solar power plants. Hanergy possesses industry-leading CIGS thin-film solar technology and has the world’s largest production capacity of thin-film modules. Its business also covers hydropower and wind power. Headquartered in Beijing and with operations across China, Asia Pacific, the Americas, Europe and the Middle East, Africa, and other regions, Hanergy employs more than 10,000 people.

Source: Hanergy Holding Group Ltd.

Written by asiafreshnews

October 13, 2014 at 3:53 pm

Posted in Uncategorized

Infosys (NASDAQ: INFY) Announces Results for the Quarter Ended September 30, 2014

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BANGALORE, India /PRNewswire/ —

Q2 revenues at $ 2,201 million. Growth of 3.1% QoQ; 6.5% YoY 

Q2 constant currency revenue at $ 2,217 million. Growth of 3.9% QoQ; 6.3% YoY 

Q2 net profit at $ 511 million. Growth of 6.0% QoQ; 33.4% YoY 

FY 15 revenue guidance maintained at 7%-9% 

Interim dividend of INR 30 per share (app. $ 0.49 per ADS) 

1:1 bonus issue of equity shares and 1:1 stock dividend of American Depositary Shares, to increase liquidity of its shares and expand the retail shareholder base 

Financial Highlights

Consolidated results under International Financial Reporting Standards (IFRS) for the quarter ended September 30, 2014

(Logo: )

Quarter ended September 30, 2014

  • Revenues were $ 2,201 million for the quarter ended September 30, 2014
    QoQ growth was 3.1% in reported terms; 3.9% in constant currency terms
    YoY growth was 6.5%
  • Net profit was $ 511 million for the quarter ended September 30, 2014
    QoQ growth was 6.0%
    YoY growth was 33.4%
  • Earnings per share (EPS) was $ 0.89 for the quarter ended September 30, 2014
    QoQ growth was 6.0%
    YoY growth was 32.8%
  • Liquid assets including cash and cash equivalents, available-for-sale financial assets, certificates of deposits and government bonds were $ 5,444 million as on September 30, 2014 as compared to $ 4,943 million as onJune 30, 2014.
  • Infosys has pledged INR 254 crore ($ 42 million) for FY 15 towards Corporate Social Responsibility (CSR) through the Infosys Foundation – its philanthropic arm. The Infosys Foundation is engaged in several programs aimed at alleviating hunger, promoting education, improving health, assisting rural development, supporting arts and helping the destitute.

Other Highlights

  • Infosys and its subsidiaries added 49 clients (gross) during the quarter.
  • Gross addition of 14,255 employees during the quarter.
  • 165,411 employees as on September 30, 2014 for Infosys and its subsidiaries.
  • Declared an interim dividend of INR 30 per share (equivalent to interim dividend of app. $ 0.49 per ADS at the exchange rate of INR 61.00). The record date for payment of dividend is October 17, 2014.
  • The Board in its meeting held on October 10, 2014 has considered, approved and recommended a bonus issue of one equity share for every equity share held and a stock dividend of one American Depositary Share (ADS) for every ADS held, as on a record date to be determined.

“Digital transformation is reshaping the business of every one of our clients. We see this as a great opportunity to help them renew the core of their business as well as to expand into new frontiers and are seeing early positive results,” said Dr. Vishal Sikka, Chief Executive Officer and Managing Director. “Our strategy is to apply the same principles to our own business in order to capture this opportunity and accelerate our growth, within our culture of lifelong learning and purposeful work.”

“On several fronts, our efforts to bring in operational efficiencies yielded encouraging results during the quarter,”said U. B. Pravin Rao, Chief Operating Officer. “We have seen positive results of some of our interventions on sales, margins and attrition, and we will continue to focus on these areas.”

“We have been able to improve our margins during the quarter and feel confident of sustaining these within a narrow band,” said Rajiv Bansal, Chief Financial Officer. “This is giving us increased confidence to make the investments required to meet our growth aspirations.”


The company’s outlook (consolidated) for the fiscal year ending March 31, 2015, under IFRS is as follows:

  • Revenues are expected to grow 7%-9% in USD terms

Conversion:  AUD / USD – 0.87; Euro / USD – 1.26; GBP / USD – 1.62 for rest of fiscal 2015 (exchange rates as ofSep 30th, 2014)

Business Highlights

  • Signed a multi-year agreement with Daimler AG covering management of infrastructure services and data centers.
  • Consolidated IT and BPO operations for a major fashion retailer in the US as part of a five-year Oracle Retail Support agreement. This will help the retailer better focus on new brand acquisitions and global expansion.
  • Designed an analytics-based solution to help one of UK’s leading supermarket chains drive targeted campaigns to enhance customer loyalty, acquire new customers and improve revenues.
  • Migrated, supported and enhanced an automated outbound dialer application for a telecom service provider in the US. This will help the provider integrate Short Messaging Service for end users by deriving information from multiple systems like billing and provisioning systems.
  • Infosys Public Services (IPS) has been engaged by a postal solution provider in the US to reduce cost of operation and efficiently maintain its plant equipment and vehicle fleet asset management system. IPS is also migrating the client’s business-critical applications to a new data center by utilizing proprietary application assessment tools and migration approaches for rapid execution with zero business disruption.
  • Our products and platforms business, Edgeverve Systems, is seeing increased momentum. A global sports brand has engaged Edgeverve to help build a responsive user experience-based multi-channel ecommerce store in India.
  • Expanded the scope of our strategic partnerships to deliver value to businesses across cloud-based infrastructure, analytics and big data. We broadened our partnership with:
    • Microsoft to securely expedite movement to Azure and hybrid cloud environments while optimizing cloud investments.
    • Oracle to enhance support for a range of innovative solutions and services on new technology platforms across digital marketing, big data and Oracle Cloud Applications.
    • Hitachi Data Systems to bring next-generation infrastructure and data center transformation solutions to facilitate the smooth transitioning of IT infrastructure to new cloud-based environments.
    • Huawei to offer cloud, big data and communication solutions.
  • Entered into a strategic relationship with the Institute for Computational & Mathematical Engineering (ICME),Stanford University. Through this arrangement, we will jointly develop curriculum in Data Science and Analytics focused on real-world problem areas and will undertake joint research using Data Science to find solutions to key industry issues.
  • Working with faculty from the Stanford and the d.Global initiative to bring design thinking to our clients on a large scale.
  • Extended the relationship with Oracle to enhance support for a range of innovative solutions and services on new technology platforms.
  • This quarter we made six unique patent applications in India and the US, adding to a total of 505 unique patent applications in various stages of patent prosecution in India, the US and other jurisdictions. Till date we have been granted 199 patents by the United States Patent and Trademark Office, three by the Luxembourg Patent Office, one by the Australian Patent Office and one patent by the Intellectual Property Office of Singapore.

Awards and Recognition

  • Infosys was cited as a Leader and Star Performer in Life Sciences IT Outsourcing in Everest Group’s report; IT Outsourcing in Life Sciences Industry – Service Provider Landscape with PEAK Matrix™ Assessment 2014.
  • Infosys was positioned in the Winner’s circle of the HFS Blueprint – SAP Services.
  • Infosys was named a Leader in the Magic Quadrant for Finance and Accounting BPOby Gartner for the fourth consecutive year.
  • Finacle emerged as a leader in a key industry assessment – The Forrester Wave(TM): Customer-Centric Global Banking Platforms, Q3 2014. It was also judged a winner by Juniper Research for the 2014 Future Mobile Awards in the mobile banking category; and was rated by CEB TowerGroup analysts as ‘Best in Class’ for bank user services and enterprise support.
  • Infosys named a Leader in IDC MarketScape – Worldwide Oracle Implementation Services Ecosystem 2014 report.

Changes to the Board

The members of the company at the Extra-ordinary General Meeting held on July 30, 2014 approved the appointment of Dr. Vishal Sikka as the Chief Executive Officer and Managing Director effective August 1, 2014.

Mr. Narayana Murthy will cease to be Non-Executive Chairman effective October 10, 2014. He indicated that in line with the company’s high corporate governance standards and to avoid any perceived conflicts, it would not be appropriate for him to be the Chairman Emeritus of Infosys. The Board accepted Mr. Murthy’s decision and sincerely thanked him for his vision, leadership and guidance in making Infosys a globally respected company.

Mr. S. Gopalakrishnan will cease to be the Non-Executive Vice Chairman effective October 10, 2014. The Board expressed its deep sense of appreciation for the services rendered by him during his tenure at Infosys.

Mr. K.V. Kamath has been elected as the Chairman of the Board effective October 11, 2014.

The company has been classifying its founders, Narayana Murthy, Nandan Nilekani, S. Gopalakrishnan, S. D. Shibulal and K Dinesh along with their immediate family members as promoters/promoter group of the company in applicable disclosures with the stock exchanges and other regulatory authorities.

With the last two founders, Narayana Murthy and S Gopalakrishnan, remitting office, the founders have neither association with the company nor exercise any control over the affairs of the company after the current date.  The founders have therefore requested the company to seek appropriate classification of their revised status.  The company is in the process of seeking appropriate regulatory guidance on the same.

Infosys Foundation

Infosys has pledged INR 254 crore ($42 million) towards Corporate Social Responsibility through the Infosys Foundation – its philanthropic arm. Infosys and its subsidiaries donated $13 million and $21 million to Infosys Foundation for the quarter and half-year ended September 30, 2014.

The Infosys Foundation executes several programs aimed at alleviating hunger, promoting education, improving health, assisting rural development, supporting arts and helping the destitute.

This quarter, Infosys Foundation constituted a corpus of INR 33 crore ($ 5 million) for the Chennai Mathematical Institute. This corpus will be used to enhance faculty compensation and support fellowship requirements for research students.

The Foundation also launched Spark-IT, a three-month program to enhance the skill levels of unemployed engineering graduates in the country. It has committed INR 9 crore ($ 1 million) for this program which will help train 1,800 graduates in the fiscal year 2015.

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 to see how Infosys (NYSE: INFY), with US$ 8.25 billion in annual revenues and 160,000+ employees, is Building Tomorrow’s Enterprise® today.

Safe Harbor

Certain statements in this release concerning our future growth prospects are forward-looking statements regarding our future business expectations intended to qualify for the ‘safe harbor’ under the Private Securities Litigation Reform Act of 1995, 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 endedMarch 31, 2014 and on Form 6-K for the quarter ended June 30, 2014. These filings are available at 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. In addition, please note that the date of this press release is mentioned at the beginning of the release, and any forward-looking statements contained herein are based on assumptions that we believe to be reasonable as of this date. 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 Interim Balance Sheets as of

(Dollars in millions except equity share data)

September 30, 2014 March 31, 2014 ASSETS Current assets Cash and cash equivalents 4,604 4,331 Available-for-sale financial assets 611 367 Investment in certificates of deposit 17 143 Trade receivables 1,464 1,394 Unbilled revenue 477 469 Prepayments and other current assets 447 440 Derivative financial instruments 7 36 Total current assets 7,627 7,180 Non-current assets Property, plant and equipment 1,360 1,316 Goodwill 340 360 Intangible assets 49 57 Available-for-sale financial assets 213 208 Deferred income tax assets 108 110 Income tax assets 248 254 Other non-current assets 44 37 Total non-current assets 2,362 2,342 Total assets 9,989 9,522 LIABILITIES AND EQUITY Current liabilities Trade payables 22 29 Derivative Financial Instruments 4 – Current income tax liabilities 434 365 Client deposits 4 6 Unearned revenue 136 110 Employee benefit obligations 165 159 Provisions 66 63 Other current liabilities 894 792 Total current liabilities 1,725 1,524 Non-current liabilities Deferred income tax liabilities 9 11 Other non-current liabilities 63 54 Total liabilities 1,797 1,589 Equity Share capital- INR 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 September 30, 2014 and March 31, 2014, respectively 64 64 Share premium 704 704 Retained earnings 9,406 8,892 Other components of equity (1,982) (1,727) Total equity attributable to equity holders of the company 8,192 7,933 Non-controlling interests – – Total equity 8,192 7,933 Total liabilities and equity 9,989 9,522

Infosys Limited and subsidiaries

Unaudited Condensed Consolidated Interim Statements of Comprehensive Income

(Dollars in millions except share and per equity share data)

September 30, 2014

March 31, 2014


Current assets

Cash and cash equivalents



Available-for-sale financial assets



Investment in certificates of deposit



Trade receivables



Unbilled revenue



Prepayments and other current assets



Derivative financial instruments



Total current assets



Non-current assets

Property, plant and equipment






Intangible assets



Available-for-sale financial assets



Deferred income tax assets



Income tax assets



Other non-current assets



Total non-current assets



Total assets




Current liabilities

Trade payables



Derivative Financial Instruments


Current income tax liabilities



Client deposits



Unearned revenue



Employee benefit obligations






Other current liabilities



Total current liabilities



Non-current liabilities

Deferred income tax liabilities



ther non-current liabilities



Total liabilities




Share capital- INR 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 September 30, 2014 and March 31, 2014,




Share premium



Retained earnings



Other components of equity



Total equity attributable to equity holders of the




Non-controlling interests

Total equity



Total liabilities and equity




Infosys Limited and subsidiaries

Unaudited Condensed Consolidated Interim Statements of Comprehensive Income

(Dollars in millions except share and per equity share data)

30, 2014

30, 2013

Six months
30, 2014

Six months
30, 2013






Cost of sales





Gross profit





Operating expenses:

Selling and marketing expenses





Administrative expenses





Total operating expenses





Operating profit





Other income, net





Profit before income taxes





Income tax expense





Net profit





Other comprehensive income

Items that will not be reclassified

to profit or loss:

Re-measurement of the net defined

benefit liability/(asset)





Items that may be reclassified

subsequently to profit or loss:

Fair value changes on

available-for-sale financial asset





Exchange differences on translation

of foreign operations





Total other comprehensive income,

net of tax





Total comprehensive income





Profit attributable to:

Owners of the company





Non-controlling interests





Total comprehensive income

attributable to:

Owners of the company





Non-controlling interests





Earnings per equity share

Basic ($)





Diluted ($)





Weighted average equity shares used

in computing earnings per equity



571,402,566 571,402,566 571,402,566 571,402,566


571,404,028 571,402,566 571,403,297 571,402,566


1. The unaudited Condensed Consolidated interim Balance sheets and Condensed Consolidated interim Statements of Comprehensive Income for the three months and six months ended September 30, 2014 have been taken on record at the Board meeting held on October 10, 2014

2. A Fact Sheet providing the operating metrics of the company can be downloaded from

INR Press release:



Investor Relations

Sandeep Mahindroo

Media Relations

Sarah Vanita Gideon, India

Source: Infosys Ltd

Related stocks: NYSE:INFY

Written by asiafreshnews

October 13, 2014 at 2:21 pm

Posted in Uncategorized

Can Buying A Suit Save A Life? – We Believe It Can

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— 3 young entrepreneurs need your help to fund their “Gentlemen of York” project

WATERLOO, Ontario, Oct. 10, 2014 /PRNewswire/ — Raising $80,000 in 30 days can seem like a challenge but 3 gentlemen from Waterloo think that it might just be worth the risk.

Co-Founders Left to right, Chris Norkett, Julian Corredor and Daniel Byrne

Julian Corredor (20), the Creative Director behind Gentlemen of York has designed what they’re calling the “The Madison.” A refreshed look of the modern man’s suit. A slim fit design that you can’t find in stores.

“Designing a new suit wasn’t enough. We really wanted to start a company that can make a global impact,” saysDaniel Byrne (27), the Executive Director behind Gentlemen of York, “This is why we’ve partnered with Keep a Child Alive foundation.” With each suit sold Gentlemen of York, also abbreviated “Go York, will donate to the Keep a Child Alive foundation. With each donation they will be able to provide a month’s worth of HIV treatment for a child in need.

After months of prototyping and working with their manufacturer in Europe, Go York is now ready to travel toEurope to finalize the design and begin production. “It’s been a long process of phone calls and e-mails but the quality of our product was certainly worth the wait,” says Christopher Norkett (27), Director of Operations of Gentlemen of York. The founders behind Go York have been using personal funds to get to this stage of the project. They have decided to launch a Kickstarter campaign in order to raise the funds needed to lower the cost of materials and production. With stronger buying power they can lower cost while maintaining a high quality product.

Kickstarter campaigns operate under an “all-or-nothing” funding model so if the Gentlemen of York project doesn’t reach its goal at the end of 30 days then Byrne, Corredor and Norkett go home empty-handed. Be sure to follow them on Twitter (@GentsOfYork) and Facebook to follow their progress and make sure to spread the word to your social media networks. Consider donating as little as $1 to help their project come to life. If you decide to donate more, you might be among the first in the world to wear the Madison with the Gentlemen of York.

If you’d like more information about the Gentlemen of York Project, or to schedule an interview with Daniel, Julian or Chris please email or send them a Tweet @GentsOfYork.

Kickstarter page:

About Gentlemen of York

Daniel Byrne studied Business Marketing at Conestoga College and currently works as a Corporate Store Manager in Waterloo, ON. Christopher Norkett studied Business Marketing at St. Lawrence College and Business Analysis atSeneca College and is currently working as a Corporate Store Manager in Cambridge, ON. Julian Corredor has been in the menswear industry for over 4 years and has been designing apparel for the past year. Their diverse range of skills and experience makes them a great team to tackle the challenge of bringing a new style to the fashion industry.

About Keep a Child Alive

Keep a Child Alive (KCA) was founded in 2003 by long-time AIDS activist Leigh Blake and 15-time Grammy Award winner Alicia Keys. The organization began as an emergency response to the HIV epidemic, raising global awareness about the urgent and unmet need for HIV treatment in sub-Saharan Africa, and granting funds to community-based organizations to provide free, life-saving treatment to keep people living with HIV from needlessly dying. KCA’s work has since grown to include the critical components necessary to support successful, life-long HIV treatment: comprehensive clinical care, psychosocial support, and nutritious food. The organization provides financial and programmatic support to nine innovative, grass-roots partners in Kenya, Rwanda, South Africa,Uganda and India to fight the physical, social and economic impact of HIV on children, their families and communities. KCA and its partners are currently providing services to over 40,000 people, and their work has directly impacted the lives of over 300,000 people. With the help of its supporters, KCA continues to use its voice to raise awareness, mobilize people to take action, and rally resources in the global response to HIV.

For more information on Keep a Child Alive, please visit

Twitter: @keepachildalive; Facebook:;

Daniel Byrne
Cell Phone: +1-226-750-6798
Twitter: @GentsOfYork

Source: Gentlemen of York

Written by asiafreshnews

October 13, 2014 at 2:16 pm

Posted in Fashion, Healthcare

Mainstream Renewable Power Granted Consent by Scottish Government to Build and Operate 450MW Offshore Wind Farm

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GLASGOW, Scotland /PRNewswire/ —

Global wind and solar company Mainstream Renewable Power has received consent from the Scottish Ministers to build and operate its 450 megawatt Neart na Gaoithe (“NnG”) offshore wind farm in the Outer Forth Estuary in the North Sea.

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This will be the first large-scale offshore wind farm constructed and operated in Scottish waters to be directly connected to the Scottish electricity system. The 450 megawatt wind farm will have the capacity to deliver enough power for 325,000 homes (more than the number of homes in Edinburgh) and equal to 3.7% of Scotland’s total electricity demand. The wind farm is expected to start pre-construction activities next year and begin generating electricity by 2018.

NnG represents a capital expenditure investment of around £1.5 billion and is on track to be the first offshore wind farm in the UK to attract true non-recourse project finance at the construction stage.  It has pre-qualified for the Infrastructure UK Treasury Guarantee and European Investment Bank funding.

The wind farm will consist of up to 75 wind turbines and will occupy an area of approximately 80 square kilometres. At its closest point to land it lies over 15 kilometres off the Fife coast in water depths of 45-55 metres.

The subsea cable transmitting the wind farm’s power will come ashore at Thorntonloch Beach in East Lothian from where its underground cable will travel along a 12.5 kilometre route to a substation located within the Crystal Rig onshore wind farm in the Lammermuir Hills. Grid connection will occur in December 2016 and planning permission for the route of the underground cable was received from East Lothian Council in 2013.

NnG will create hundreds of direct and indirect jobs during its construction as well as throughout its operational life.  Mainstream has selected preferred Balance of Plant contractors GeoSea and a STDL/Prysmian consortium. GeoSea will design, supply and install the wind turbine foundations as well as installing the wind turbines and the offshore substation. The STDL/Prysmian consortium will design, supply and install the electrical works.

Mainstream Renewable Power’s founder and Chief Executive, Eddie O’Connor said: “Today’s announcement is of particular importance for Scotland because it is the first time a wind farm will be built in Scottish waters with the purpose of supplying Scottish homes and businesses with renewable energy. In fact, it will generate enough green power to supply more than all the homes in Edinburgh.”

Andy Kinsella, Chief Operating Officer for Mainstream Renewable Power said: “This is of major significance to the global offshore wind industry because it is on track to be the first time an offshore wind farm of this scale will be built using project finance alone by a private company. It is testament to the world-leading expertise of Mainstream’s offshore development team who have been working on this project since the company was founded in 2008 and further underpins Mainstream’s position as the world’s leading independent offshore wind developer.”

He continued: “We have worked closely with the Scottish Government and its agencies through an exhaustive environmental assessment process, and look forward to continuing our best-in-class ecological monitoring work with those agencies and other key stakeholders during and after construction.”

Mainstream Renewable Power was awarded exclusivity by The Crown Estate in 2009; The NnG site was deemed suitable for the development of offshore wind by the Scottish Government’s Strategic Environmental Assessment in 2011; NnG secured its grid connection in 2010; and an Agreement for Lease was reached with The Crown Estate in 2011. Its application for consent was lodged with the Marine Scotland Licensing Operations Team in 2012.

About Mainstream Renewable Power

Mainstream Renewable Power is one of the world’s leading independent developers of renewable energy projects. With a development pipeline of over 17,000 megawatts globally it is currently operating and constructing solar and wind farms across Ireland, South Africa, Chile and Canada.

As Europe’s leading independent offshore wind developer Mainstream is developing just under 8GW of offshore wind projects in England, Scotland and Germany with 4.45GW of secured grid connections for these offshore projects.

The company has offices in Berlin, Cape Town, Chicago, Dublin, Glasgow, Johannesburg, London, Santiago andToronto.

For further information contact:
Neart na Gaoithe
Kirstin Stevenson / Callum Spreng
Spreng & Co Ltd
Tel: +44 (0)141 548 5191
Mob: +44 (0)7803 970106 / +44 (0)7803 970103
Email: /

Mainstream Renewable Power
Emmet Curley
Head of Communications
Mainstream Renewable Power
Tel: +27 21 657 4071
Mob : +27 60 564 6588

Source: Mainstream Renewable Power

Written by asiafreshnews

October 13, 2014 at 12:07 pm

Posted in Uncategorized

Ultra Electronics, TCS Launches Ultra ORION X505-G

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MONTREAL /PRNewswire/ — Ultra Electronics, TCS is proud to announce the launch of the X505-G, a compact and lightweight outstation, extending the Ultra ORION portfolio of radio solutions for the defence and security markets.

Today’s warfighters require seamless connectivity to access and distribute critical data when and where they need it. Given the high expeditionary nature of today’s deployments, it is important that the equipment we provide soldiers can adapt to the different environments. TCS provides high-capacity connectivity for various land, maritime and aerial missions with the ORION platform. Complementing its existing 3 channel X500-G radio offering up to 1 Gpbs throughput, the X505-G features:

  • Two channels with throughput of up to 200 Mbps aggregate
  • Easy deployment with its small SWaP and intuitive interface
  • Best system gain and latency
  • Channel selectivity (5, 10 and 20 MHz)
  • Adaptive MIMO technology
  • FIPS 140-2 level 2 AES-256 embedded encryption
  • NATO Band 3+ or 4
  • Option for LTE & ISM Bands 700 MHz, 2.4 GHz & 5.8 GHz

Paul Zweers, Vice-President, Ultra Electronics, TCS, commented: “With the addition of the ORION X505-G, US and international forces will have an easy-to-use, flexible and affordable high-capacity communications solution for voice, data and live video exchange between the Command Post and tactical edge enabling access to critical real-time data at the frontline.”

TCS’ ORION platform is interoperable with thousands of previously fielded HCLOS radios around the world and offers a variety of waveforms (including LOS, NLOS, SISO, MIMO, PTP, PMP and mesh) to adapt to different missions. As Non-Line-of-Sight (NLOS) backhaul capabilities are needed to deliver long range high-capacity communications to the end user for both at-the-halt and on-the-move environments, the X505 series offers best of class MIMO NLOS PMP waveforms for robust communications for both static and mobile applications.

Part of the Ultra Electronics Group, TCS provides advanced C4ISR and EW systems for ground, airborne and naval applications around the globe. Ultra Electronics, TCS is headquartered in Montreal, Canada with facilities acrossNorth America. Ultra Electronics is an internationally successful defence, security, transport and energy company, specializing in electronic, electro-mechanical and software solutions.

Enquiries: Sarah Woolverton, 514-679-6804,

Source: Ultra Electronics, TCS

Written by asiafreshnews

October 13, 2014 at 11:59 am

Posted in Uncategorized

Abbott Celebrates the Power of Health and Achievement as First-Ever Title Sponsor of World Marathon Majors

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ABBOTT PARK, Illinois /PRNewswire/ — Abbott (NYSE: ABT) and the World Marathon Majors announced a new partnership with Abbott becoming the race series’ first-ever title sponsor. The series – comprising six of the largest and most renowned marathons in the world: Tokyo, Boston, Virgin Money London, BMW BERLIN, Bank of America Chicago and TCS New York City Marathon – will be renamed the Abbott World Marathon Majors starting in 2015.

Through the new global partnership, Abbott aims to create opportunities for the company to demonstrate and bring to life its core mission of helping people unlock all that life has to offer through the power of health. This mission will be expressed through the company’s new brand line – “Life. To the Fullest.” – as part of communications and branding efforts around each of the races.

“Abbott has always been about delivering the enabling power of health so that people – in all places, aspects and stages of life – can achieve more and live not just longer but better,” said Paul Magill, senior vice president and chief marketing officer, Abbott. “Whether you’re stepping out to walk or run your first mile or training to complete a marathon, good health is the starting point for accomplishing your best. This partnership is an important building block for us as we build our corporate identity around the world.”

“As the global leader in elite and mass participation marathons, the World Marathon Majors shows how people – wherever they’re from in the world – are capable of doing amazing things when they’re at their healthiest,” saidCarey Pinkowski, Bank of America Chicago Marathon executive race director. “As a company that helps people around the globe achieve their goals through better health, Abbott is a natural fit as the first ever title sponsor of the World Marathon Majors.”

“BMW BERLIN-MARATHON runners are unified in the sacrifices they’ve made just to get to the start line and their commitment to being the best they can be through good health,” said BMW BERLIN-MARATHON race director,Mark Milde. “So we’re excited to welcome Abbott, a company whose mission is to help people achieve their goals through better health, to the BMW BERLIN-MARATHON in 2015 as the title sponsor of the World Marathon Majors.”

Abbott’s race activation will include pre-race expo presence; Abbott employee engagement such as dedicated on-course cheer zones; and event and on-course signage.

Established in 2006, World Marathon Majors (WMM) is a race series comprised of the Tokyo, Boston, Virgin Money London, BMW BERLIN, Bank of America Chicago, and TCS New York City Marathons. In the years in which they are run, WMM also includes the IAAF World Championships and Olympic marathons. At the conclusion of each two-year cycle, WMM offers a $1 million prize purse to be divided equally between the top male and female marathoners in the world. The inaugural 2006-2007 Series was launched at the 110th Boston Marathon on April 17, 2006, and concluded at the New York City Marathon on November 4, 2007. The 2013-2014 series, the WMM’s eighth two-year series, began with the Tokyo Marathon on February 24, 2013 and will conclude at the TCS New York City Marathon on November 2, 2014.

Abbott is a global healthcare company devoted to improving life through the development of products and technologies that span the breadth of healthcare. With a portfolio of leading, science-based offerings in diagnostics, medical devices, nutritionals and branded generic pharmaceuticals, Abbott serves people in more than 150 countries and employs approximately 69,000 people.

Visit Abbott at and on Facebook at or connect with us on Twitter at @AbbottGlobal and@AbbottNews.

Source: Abbott

Written by asiafreshnews

October 13, 2014 at 11:56 am

Posted in Uncategorized

Philips to showcase new solutions for connected health at Dreamforce 2014 event

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-Company will deliver keynotes and demo next phase in app development for Philips HealthSuite Digital Platform

ANDOVER, Massachusetts  /PRNewswire/ — Royal Philips (NYSE: PHG AEX: PHIA) today announced details of its participation in the Dreamforce 2014 conference in San Francisco, Calif. October 13-16, demonstrating its commitment to connecting care from hospital to home with digital solutions and services that span the health continuum. As the featured health technology company in the Dreamforce Health and Life Sciences section of the Salesforce Industry Showcase, Philips will present the power of its HealthSuite Digital Platform.

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Philips and will demonstrate the power of combining functionality and capabilities from their respective platforms to change the way consumers engage with the health care system and become active participants in the management of their health. As part of this strategy, Philips is working to create a suite of open application programming interfaces (APIs) that can be used by developers to create innovative applications for hospitals and health systems. Visitors to the Philips booth in the Salesforce Customer Showcase can sign up to learn more about its Developers Toolkit, which is expected to be available in early 2015.

“Our collaboration on an open, cloud-based healthcare platform and the development of our HealthSuite Digital Platform are well underway, and Dreamforce is the perfect venue to highlight our connected technology solutions offering new opportunities for improved health management,” said Jeroen Tas, CEO, Healthcare Informatics Solutions and Services, Philips. “Philips is the only health technology company with a range of professional and consumer offerings that can combine clinical and personal health data across the continuum to encourage prevention and healthy living, to speed diagnosis and treatment, and to enable better recovery and home care.”

Within the Salesforce Industry Showcase at Dreamforce, Philips will showcase how the company is pairing its deep clinical knowledge and IT capabilities with’s leading customer success platform to deliver on its vision to make the world healthier through innovation. Philips executives will also be on site at Dreamforce participating in numerous sessions and keynote presentations throughout the week, including:

  • Partner Keynote: Lead and Innovate in the #1 Cloud Ecosystem – On Monday, October 13th at 10 a.m. PST, Jeroen Tas will participate in a Q&A session with Tyler Prince, Executive Vice President, Worldwide Alliances & Channels at Livestreamed via the Dreamforce LIVE channel, Tas will demo connected solutions for the Philips HealthSuite Digital Platform.
  • Navigating the Complex Digital Landscape to Optimize the Customer Decision Journey – Now that consumers have a wealth of information at their fingertips, almost everything about the way they consider and make a purchase has changed, which has dramatic consequences for how the modern marketing professional interacts with them. On Wednesday, October 15th at 10:00 a.m. PST, Blake Cahill, head of global digital at Philips, will share his perspective on the evolving digital customer decision journey.
  • Health and Life Sciences Salesforce Industry Spotlight – On Wednesday, October 15th at 4:30 p.m. PST in the Philips booth within the Industry Showcase, Jeroen Tas will present the company’s vision for connected health and discuss how Philips has partnered with Salesforce to make this vision a reality. Attendees will learn how the Philips HealthSuite Digital Platform seamlessly integrates data to transform the delivery of patient care and provide better access to data across the health continuum, from hospital to home.

Philips will also be featured in a number of demonstrations within the Customer Showcase across Connected Devices and the Marketing and Service Clouds. Illustrated by case studies of both current and future scenarios featuring Philips products and services, the benefits of the cloud services for the Philips HealthSuite Digital Platform, customer experience and engagement will be demonstrated.

For more information on Philips’ presence at Dreamforce visit and follow the #DF14 conversation via @PhilipsHealth and @Philips.

About Royal Philips:

Royal Philips (NYSE: PHG, AEX: PHIA) is a diversified health and well-being company, focused on improving people’s lives through meaningful innovation in the areas of Healthcare, Consumer Lifestyle and Lighting. Headquartered in the Netherlands, Philips posted 2013 sales of EUR 23.3 billion and employs approximately 115,000 employees with sales and services in more than 100 countries. The company is a leader in cardiac care, acute care and home healthcare, energy efficient lighting solutions and new lighting applications, as well as male shaving and grooming and oral healthcare. News from Philips is located at

Salesforce and others are trademarks of, Inc.

Source: Royal Philips


Written by asiafreshnews

October 13, 2014 at 11:53 am

Posted in Uncategorized