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Archive for April 17th, 2015

Researchers Discover Breakthrough Treatment for Depression

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~identifies prefrontal cortex as a specific target for administration of DBS as treatment for depression for clinical trials

KUALA LUMPUR, Malaysia, April 16, 2015 /PRNewswire/ — A team of seven researchers, including Professor Yasin Temel from Maastricht University Medical Centre, the Netherlands, with Associate Professor Dr Lim Lee Wei from Sunway University, Malaysia as co-lead author, and comprising researchers from Malaysia, the Netherlands, Spain and the UK, has discovered that electrical stimulation into the brain via Deep Brain Stimulation (DBS) targeting the prefrontal cortex treats symptoms of depression most effectively. The prefrontal cortex plays a crucial role in the regulation of complex cognitive, emotional and behavioural functions.

(L-R) Prof. Yasin Temel and Assoc. Prof. Lim Lee Wei found a specific brain target stimulation for depression. This picture was taken during the 2008 European Society for Stereotactic and Functional Neurosurgery meeting in Rimini, Italy. They were discussing brain targets for electrical stimulation in depression. (Photo: Dr. Sonny Tan)
(L-R) Prof. Yasin Temel and Assoc. Prof. Lim Lee Wei found a specific brain target stimulation for depression. This picture was taken during the 2008 European Society for Stereotactic and Functional Neurosurgery meeting in Rimini, Italy. They were discussing brain targets for electrical stimulation in depression. (Photo: Dr. Sonny Tan)

According to the World Health Organization, more than 350 million people of all ages suffer from depression globally, making it the fourth leading cause of societal burden among all diseases. If current trends continue, depression will become the highest-ranking cause of disease burden in the world by 2020.

In most cases, depression can be treated effectively by medication, electroconvulsive therapy, or psychotherapy. However, approximately 20% of patients fail to respond to these standard therapies and nearly 60% may not achieve an adequate response.

Professor Yasin Temel, who is also a neurosurgeon specializing in DBS, said, “The use of stimulation electrodes implanted in the brain to control severely disabling psychiatric and neurological conditions is an exciting and fast-emerging area of clinical neuroscience.”

Explaining the research, Associate Professor Dr Lim said, “Prior to this, while clinical studies have demonstrated the efficacy of DBS in treating depression, the most effective brain area to administer DBS for this purpose had not been identified. With this research, we are able to target the prefrontal cortex as a specific modulator of depressive-like behaviours and obtain the optimum result for treatment with DBS.”

Internationally-renowned serotonin researcher, Professor Trevor Sharp, from Oxford University, who is also part of the team said, “There is world-wide interest in the use of stimulation electrodes implanted into the brain to help severely depressed patients who are resistant to other treatments, but the best part of the brain to target is uncertain and this is holding up progress. Stimulation of this prefrontal cortex region influences serotonin cells in other parts of the brain, and these are the cells targeted by antidepressants such as Prozac. Future clinical trials of stimulation in depressed patients now have a clear target in the brain.”

The breakthrough findings were published in the well-regarded Translational Psychiatry, a journal of the Nature Publishing Group and a sister journal to the number-one journal in psychiatry, which focuses on the novel treatment of neuropsychiatry diseases.

The funding of the study was derived from the Netherlands Organization for Scientific Research (Yasin Temel), Parkinson’s UK (Trevor Sharp), and the Singapore Lee Kuan Yew Research Fellowship (Lim Lee Wei).

Sunway University continues to focus on getting and nurturing the best talents including academicians and researchers, in its quest to achieve excellence in education to enrich and improve lives.

Research Article Reference:

Lim LW, Prickaerts J, Huguet G, Kadar E, Hartung H, Sharp T, Temel Y. Electrical stimulation alleviates depressive-like behaviors of rats: investigation of brain targets and potential mechanisms. Transl Psychiatry. 2015 Mar 31;5:e535. doi: 10.1038/tp.2015.24.

About Sunway University

Sunway University achieved an EXCELLENT rating (Tier 5) in the first official rating of all universities and university colleges in Malaysia in the Malaysian Qualifications Agency (MQA) Rating System for Institutions of Higher Learning (SETARA) in 2009, 2011 and 2013.

Sunway University welcomes more students and staff with the completion of its new 12-storey building equipped with cutting edge academic facilities, including a state-of-the-art auditorium and modern lecture halls with conducive breakout rooms. The new environmentally-friendly building can accommodate 9,000 more students.

The student population of Sunway University stands at over 5,000 with 30% of them international students from around 90 countries.

In 2006 Sunway University entered into a partnership with Lancaster University, ranked in the top 1% of universities in the world. With the partnership, Sunway University’s home-grown degrees are validated by Lancaster University. Students can pursue degrees in the areas of business, computing and information systems, communication and creative arts, hospitality, life sciences, psychology, nursing and American degree transfer programme. The University also partners the famed global institution for culinary education, Le Cordon Bleu to validate its international hospitality management and culinary management degrees.

Sunway University is owned and governed by the Jeffrey Cheah Foundation.

For more information, visit For research interests and on Sunway University Academic Team, please log on to

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Source: Sunway Group

Written by asiafreshnews

April 17, 2015 at 6:10 pm

Posted in Uncategorized

Construction Leaders Commit to Sharpening the Future Outlook for Sustainable Construction in Malaysia

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KUALA LUMPUR, Malaysia, April 16, 2015 /PRNewswire/ — Southeast Asia’s Leading Event for sustainable design, construction and the built environment — International Construction Week (ICW) and Ecobuild Southeast Asia — take the lead gathering Malaysia’s construction professionals in discussions on the strategies as well as the future outlook of sustainable construction in Malaysia and Southeast Asia.

Deputy Minister of Work along Secretary General of Ministry of Works initiate construction industry leaders to discuss strategy for ICW / Ecobuild SEA 2015. Joined by CIDB Malaysia CEO; UBM Malaysia, MRCB Group, MMC Corporation, IJM Corporation, UEM Group, Gamuda Engineering, Sunway Construction Managing Director and WCT Holding Executive Director.
Deputy Minister of Work along Secretary General of Ministry of Works initiate construction industry leaders to discuss strategy for ICW / Ecobuild SEA 2015. Joined by CIDB Malaysia CEO; UBM Malaysia, MRCB Group, MMC Corporation, IJM Corporation, UEM Group, Gamuda Engineering, Sunway Construction Managing Director and WCT Holding Executive Director.

Deputy Minister of Works, YB Datuk Rosnah Binti Abdul Rashid Shirin as well as the Secretary General of the Ministry of Works, Dato’ Sri Zohari bin Haji Akob participated in the discussion, providing information in line with national policies and implementations.

Present at the discussion were MRCB Group Managing Director, Tan Sri Mohammade Salim Fateh Din, MMC Corporation Berhad Group Managing Director, Dato’ Sri Che Khalib Mohamad Noh, IJM Corporation Berhad CEO and Managing Director, Dato’ Soam Heng Choon, UEM Group Berhad Group CEO and Managing Director Dato’ Izzaddin Idris, WCT Holdings Berhad Executive Director, Mr Liang Kai Chong, Gamuda Engineering Sdn Bhd Managing Director, Mr Ubull Din Onn and Sunway Construction Senior Managing Director, Mr Kwan Foh Kwai.

Also present were the organiser of ICW and Ecobuild Southeast Asia, CIDB Malaysia Chief Executive, Dato’ Sri Ir. Dr. Judin Abdul Karim and United Business Media (M) Sdn Bhd Managing Director, Mr M. Gandhi.

Mr M. Gandhi praised Malaysia in terms of being at the top level of acceptance in sustainable construction with many development projects. “With that outlook in mind, Ecobuild is here to serve as the business platform, and an information exchange powerhouse to cater to every single need in sustainable and green concerns. It is a matter of time that sustainability will takeover the industry by storm,” he added.

First introduced in London, Ecobuild began its Southeast Asia chapter in 2013 running along with International Construction week. The exhibition showcases a sustainable design, construction and built environment, and will run concurrently with co-located events Green Build Asia, Eco Light Asia, Solar Asia Expo, ASEAN Real Estate, Infrastructure Summit 2015 and Construction Showcase. On the other hand, ICW is the largest and most important event in the industry covering the full spectrum of construction in Malaysia and Southeast Asia. 2015 marks ICW’s 14-year history of bringing construction industry players together under one roof.

ICW and Ecobuild Southeast Asia 2015 will take place from September 9-11 at the Putra World Trade Centre. For more information about ICW and Ecobuild Southeast Asia 2015, visit

About UBM Asia (

Owned by UBM plc and listed on the London Stock Exchange, UBM Asia is the largest trade show organiser in Asia and the largest commercial organiser in China, India and Malaysia. Established with its headquarters in Hong Kong and subsidiary companies across Asia and in the US, UBM Asia has a strong global network of 30 offices and 1,300 staff in 24 major cities. We operate in 20 market sectors with 230 exhibitions and conferences, 23 trade publications, 20 online products for over 1,000,000 quality exhibitors, visitors, conference delegates, advertisers and subscribers from all over the world.

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Source: UBM Asia (Malaysia)

Written by asiafreshnews

April 17, 2015 at 5:42 pm

Posted in Uncategorized

Benoy’s First Arts Centre In Jakarta — Ciputra Artpreneur

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HONG KONG  /PRNewswire/ — Benoy, the acclaimed global studio of Architects, Masterplanners, Interior and Graphic Designers, is excited to share an inside look at its first Arts Centre which has opened inJakarta, Indonesia — Ciputra Artpreneur.

Ciputra Artpreneur, Jakarta, Indonesia
Ciputra Artpreneur, Jakarta, Indonesia
Ciputra Artpreneur, Jakarta, Indonesia
Ciputra Artpreneur, Jakarta, Indonesia
Ciputra Artpreneur, Jakarta, Indonesia
Ciputra Artpreneur, Jakarta, Indonesia
Ciputra Artpreneur, Jakarta, Indonesia
Ciputra Artpreneur, Jakarta, Indonesia
Ciputra Artpreneur, Jakarta, Indonesia
Ciputra Artpreneur, Jakarta, Indonesia

Ciputra Artpreneur is one of Jakarta’s latest and most significant cultural venues, uniquely integrated into the top levels of the Ciputra World Jakarta Mall, a commercial landmark located at the heart of the city’s Golden Triangle. As a major addition to the Arts for Indonesia, the scheme delivers 14,000m2 of performance and art facilities including a 1,200 seat theatre, flexible and permanent exhibition galleries, a museum, and multifunctional rooms.

“Benoy is thrilled to be involved in the development of Ciputra Artpreneur. As we grow throughout the dynamicSoutheast Asia region, we are excited to have one of Indonesia’s leading arts and culture venues as part of our portfolio,” said Global Design Director, Simon Bee.

The highlight of Benoy’s Interior Design for the Arts Centre is the state-of-the-art Ciputra Theatre. As the first international-standard venue in Indonesia, it is capable of hosting large touring productions from around the world including opera, symphony and ballet. A proscenium style auditorium with seating over two levels, the space accommodates 865 seats at stalls level and 365 in the balcony.

Jakarta is an emerging global city and Benoy has captured this essence by creating a truly unique visual for the space. Designed with a striking geometric interior, the Theatre is brought to life with faceted walls and ceiling detailing. The distinctive form was created with soft cell panels covered by stretch fabric and further accentuated with illuminated strips.

“Increasingly, purely commercial mixed-use developments are demanding more innovative additions to their programmes to attract and retain visitors. By adding new and varied cultural experiences like Ciputra Artpreneur, a new ‘Place’ is established and becomes that much more exciting for the consumer,” continued Simon.

Benoy was also behind the Interior Design of the Main Gallery. Flexible interchanging walls allow the space to accommodate either major exhibitions or a series of smaller exhibitions simultaneously. Taking advantage of the views over Jakarta, a tall glass wall runs along one side offering glimpses of the city centre. At each end of the gallery space, two striking spiral staircases help lead guests to the Theatre above.

Developer Ciputra has long promoted local art and, in particular, that of the renowned Indonesian artist Herman Gunawan. Throughout the interiors and Benoy’s design, Gunawan’s highly expressive and richly colourful style has been thoughtfully integrated, further ensuring the venue becomes a truly integral part of Jakarta’s cultural landscape.

With Ciputra Artpreneur, Benoy expands its growing portfolio in Indonesia. The firm has a number of ongoing projects currently on the drawing board across the major sectors including Interior Design for Thamrin Nine,Jakarta; Architecture Design for W Hotel Jakarta; and Mixed-Use Developments in Pluit City and Bali.

Project Details


PT Ciputra Adhigraha


Jakarta, Indonesia

Size (GFA):


Size (Theatre GFA):


Interior Design:


About Benoy:
Benoy is an international, award-winning firm of Architects, Masterplanners, Interior and Graphic Designers, with studios across Asia, the Middle East and the UK.

Brittany Downes

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Source: Benoy
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Written by asiafreshnews

April 17, 2015 at 4:44 pm

Posted in Uncategorized

The Registry Collection Adds Two Hilton Grand Vacations Club Properties in Las Vegas to its Network of Affiliated Resorts

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ORLANDO, Fla. /PRNewswire/ — The Registry Collection, the world’s largest luxury exchange program, recently welcomed two new affiliated properties from the Hilton Grand Vacations Club resort collection. The two Las Vegas resorts now offer luxury accommodations to The Registry Collection members in one of the most popular U.S. destinations.

“We are pleased to enable members of The Registry Collection to experience two distinctive Hilton Grand Vacations Club resorts in Las Vegas,” said Stan Soroka, senior vice president Club, Resort and Brand Services for Hilton Grand Vacations. “Our Club Members with Elite premier status enjoy access to The Registry Collectionresort portfolio which is an ideal enhancement to their vacation ownership privileges.”

The addition of these Hilton Grand Vacations properties is the latest in The Registry Collection program’s ongoing effort to provide its members with more luxury vacation options in sought-after destinations around the world. In 2014, the program added seven new affiliated properties across North America, Asia and Europe, including its first affiliated resort in India through The Rangers Reserve.

The Registry Collection is thrilled to have added many amazing properties into our network of luxury affiliated resorts in the past year, including two Hilton Grand Vacations Club resorts,” said Gregg Anderson, global vice president of The Registry Collection. “Las Vegas has always been one of the most highly-requested U.S. destinations for our members, and these two properties offer convenient access to everything this exciting city has to offer. They also bring with them the prestige and hallmark first-class service that comes with a stay at any Hilton Grand Vacations Club property.”

For more information, visit

About The Registry Collection program

The Registry Collection program is the world’s largest luxury exchange program, with approximately 200 affiliated properties that are either accessible for exchange or under development. From condo hotels and high-end fractional resorts to private residence clubs and fractional yachts, The Registry Collection program provides members with access to an elite network of the finest vacation properties at some of the world’s premier destinations, as well as travel concierge services that are available 24 hours a day. The Registry Collectionprogram is offered by RCI, the worldwide leader in vacation exchange and part of the Wyndham Worldwide family of brands (NYSE: WYN). For additional information visit our media center or You can also find The Registry Collection on Facebook.

Media Contacts:

Steve Alessandrini

Catherine Reynolds

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Source: The Registry Collection

Written by asiafreshnews

April 17, 2015 at 2:43 pm

Posted in Uncategorized

Plasticase Inc. Launches Innovative Nanuk™ Long Case Series

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TERREBONNE, Quebec /PRNewswire/ — Celebrating their 30th anniversary as a global leader in the protective case industry, Plasticase is proud to announce the introduction of the NANUK™ Long Case Series. Designed and manufactured in Canada, the Long Case Series is offered in two lengths (990 – 44″ and 995 – 52″ internal lengths), and is engineered with form, function and long term durability in mind. These new cases are the perfect solution for storing and transporting long firearms, industrial equipment, and outdoor sporting gear with confidence.

Designed for both weapons and industrial equipment, NANUK 990 & 995 Long Cases offer the extra length you need to protect your equipment.
Designed for both weapons and industrial equipment, NANUK 990 & 995 Long Cases offer the extra length you need to protect your equipment.

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“NANUK” is an Inuit word meaning “polar bear,” and was chosen as homage to the polar bear’s persistence and durability in hostile Arctic climates. The Long Case Series carries an IP67 ingress protection rating, and has been successfully tested by an independent testing laboratory to ensure compliance with strict military and transport authority requirements. These cases will protect your expensive equipment from damage during transit while withstanding temperatures ranging from -29C to +60C.  The cases are injection molded using NANUK’s field proven NK-7 resin, a polypropylene-based polymer that has been enhanced with performance additives to boost impact resistance and withstand severe weather conditions.

Nanuk’s patented PowerClaw Latching System keeps your items safe and secure. With a sliding lock button and sturdy nylon construction on each of the four standard latches, the PowerClaw Latching System is engineered to use compressive force to keep your case closed during the toughest of missions.

For further security you can lock down your equipment using one of four stainless steel reinforced padlock hasps. Inside, high-quality polyurethane foam inserts can be easily tailored to fit any shape and offer customized protection. Reach for one of two soft touch spring loaded handles and you are ready to go.

The Long Case Series is designed with rugged mobility in mind. Polycarbonate wheels with stainless steel bearings allow for smooth, trouble free rolling, while the durable polyurethane over molding makes for quiet transport. Multiple tie down eyelets and a stackable interlocking design keeps shipping and storage simple and secure. The optional TSA approved padlock offers additional protection and easy inspection when travelling though airport security checkpoints.

Every NANUK case is manufactured at Plasticase’s state of the art factory in Canada to the highest standards in the industry. Plasticase’s team of experienced engineers and designers are constantly focused on striking a balance between form and function, and the Long Case Series is the latest result of this vision.

The 990 and 995 cases are available in black, olive, or tan, and can be personalized with a logo and tailored interior to create a truly customized carrying solution.

To learn more about NANUK’s new Long Case Series, visit

For Contact Information:

Frank Vitiello
Sales Manager
+1-800-783-6883 ext.: 222

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Source: Plasticase Inc
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Written by asiafreshnews

April 17, 2015 at 2:40 pm

Posted in Uncategorized

iXBlue Celebrates a Major Sales Milestone: More than 250 USBL Acoustic Positioning Systems

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— Latest Customers Reaffirm GAPS and POSIDONIA High-Precision Advantage in South China Sea Offshore Oil&Gas Operation and Ultra-deep water South African Salvage
MARLY-LE-ROI, France, April 16, 2015 /PRNewswire/ — iXBlue, a global leader in navigation, positioning, and imaging solutions, is celebrating a major sales milestone for its acoustic products, more than 250 USBL systems since the introduction of POSIDONIA (very-long-range USBL) in 1999 and GAPS (pioneering single-enclosure USBL-INS) in 2004. iXBlue other acoustic solutions include RAMSES (Synthetic-LBL), ComMet (Metrology), and OCEANO transponder range. Latest 4th-generation GAPS, with L/USBL and DP features, was delivered to SapuraAcergy SdnBhd (“SapuraAcergy”), an engineering and construction contractor, specializing in deep-water installation, decommissioning, and conventional activities for the Oil&Gas industry in Asia Pacific region. POSIDONIA latest customer is Deep Ocean Search (DOS), a Survey and Recovery Company, with very deep water salvage applications, off the coast of South Africa and elsewhere.

SapuraAcergy needed USBL with higher accuracy than their old versions and inertial-acoustic systems for DP and ROV positioning. GAPS is installed on the Sapura-3000, a deepwater heavy lift and pipe-laying vessel. iXBlue ROVINS provides robust high-quality positioning, attitude sensing and data processing at a very high-rate of 200Hz, qualities critical for long layback pipelay operation. According to Robbert Veldkamp, Senior Survey Engineer of SapuraAcergy, “Precise tracking in shallow waters is always a challenge. SapuraAcergy has come to recognize the advantages that the iXBlue GAPS can bring. The GAPS performs well in both deep and shallow-waters and excels in difficult and challenging environmental conditions. The GAPS is no doubt a welcomed investment for the state-of-the-art Sapura 3000.” SapuraAcergy owns a number of ROVINS, MT9 beacons on top of the newly installed GAPS 4th-generation USBL.

DOS, iXBlue’s long-term Sonar customer, needed a full solution for deep water intervention that can position simultaneously ROV, subsea tools, and a shipwreck with an accuracy of 50cm, from 300m to 5000m water depth. The application is for deep water salvage operation. DOS solution was custom-architected using POSIDONIA, RAMSES, OCTANS-3000, PHINS-Subsea and iXBlue transponders. “We did not even ask ourselves the question on whether we should go to the competition, it was obvious. The iXBlue solution was perfect in terms of setup, results and quality. Their products perform highly, even better than the specifications,” said Nicolas Vincent, Head of DOS Survey.

For further information about iXBlue’s inertial-acoustic solutions visit Ocean Business 2015 (booth-H9).

Tel: +33130088057

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Source: iXBlue Inc.

Written by asiafreshnews

April 17, 2015 at 2:35 pm

Posted in Computer

Macalester College Goes 100% Solar And Saves Millions Of Dollars With SunEdison

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BELMONT, Calif., April 16, 2015 /PRNewswire/ — SunEdison, Inc. (NYSE: SUNE), the world’s largest renewable energy development company, today announced that it has signed an agreement with Macalester College in Saint Paul, Minnesota to offset 100% of the college’s electricity use with solar energy. Macalester College will save millions of dollars on electricity costs over the 25 year agreement by purchasing a share of output from SunEdison’s community solar gardens.

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The SunEdison community solar gardens program enables customers to receive a share of electricity output from a locally sited community solar system. Each month, the customer receives credits on their electricity bill – up to 120% of their electricity usage. At the end of the year, the customer will receive payment from the utility for any excess credits which have not been used.

“We’re excited to be working with Macalester College, one of the first colleges to participate in SunEdison’s community solar gardens program,” said Sam Youneszadeh, Managing Director of Distributed Generation Western USA at SunEdison. “Our solar garden program allows customers to enjoy the benefits of solar even when they are unable to install solar systems on their property. We expect to see more schools, colleges, and universities follow Macalester College’s lead and take advantage of the solar gardens program in the near future.”

“We are happy to partner with SunEdison and participate in the community solar gardens program,” said Macalester College Vice President for Finance and Administration David Wheaton. “Macalester has a long history of commitment to environmental and energy initiatives. This agreement furthers our campus sustainability goals and is a financially responsible initiative for Macalester. Given our projected consumption patterns and the expected rising trend in electricity rates over the period of the agreement, we believe that the savings over the term of the agreement could be in the millions of dollars. Those savings will begin as soon as the solar gardens are operational and will benefit both current and future students.”

SunEdison plans to begin construction of the community solar gardens in 2015 and begin commercial operation in 2016. This project is on the Call Right Projects List for TerraForm Power, Inc. (Nasdaq: TERP), a global owner and operator of clean energy power plants. SunEdison anticipates offering this project to TerraForm Power for investment upon completion. Operation and maintenance of the solar power plants will be performed by SunEdison Services, which provides global 24/7 asset management, monitoring and reporting services.

About SunEdison
SunEdison is the world’s largest renewable energy development company and is transforming the way energy is generated, distributed and owned around the globe. The company manufactures solar technology and develops, finances, installs, owns and operates wind and solar power plants, delivering predictably priced electricity to its residential, commercial, government and utility customers. SunEdison is one of the world’s largest renewable energy asset managers and provides asset management, operations and maintenance, monitoring and reporting services for its renewable energy customers around the world. Corporate headquarters are in the United States, with additional offices around the world. SunEdison’s common stock is listed on the New York Stock Exchange under the symbol “SUNE.” To learn more visit

Forward Looking Statements
Certain matters discussed in this press release are forward-looking statements, including: we believe that the savings over the term of the agreement could be in the millions of dollars; SunEdison plans to begin construction of the community solar gardens in 2015 and begin commercial operation in 2016 and SunEdison anticipates offering this project to TerraForm Power for investment upon completion. Such statements involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Potential risks and uncertainties include changes in applicable regulatory requirements and incentives for production of solar power; and general business and economic conditions, including seasonality of the industry, and other risks described in SunEdison’s filings with the United States Securities and Exchange Commission. These forward-looking statements represent SunEdison’s judgment as of the date of this press release. SunEdison disclaim, however, any intent or obligation to update these forward-looking statements.

Source: SunEdison, Inc.

Written by asiafreshnews

April 17, 2015 at 2:20 pm

Posted in Education, Energy

Mindtree’s Full Year Revenue Grows 16.4% in Dollar Terms; Declares Final Dividend

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BANGALORE and WARREN, New Jersey, April 16, 2015 /PRNewswire/ — Mindtree, a global technology services company, announced its consolidated results today for the fourth quarter and year ended March 31, 2015, as approved by its Board of Directors.


“We have delivered industry leading performance with a revenue growth of 16.4% for FY15. The results validate our decision to transform Mindtree to be a valued, digital partner for our clients. In this, our expertise in agile, analytics, cloud and Internet of Things (IoT) is making deep impact. What makes us additionally happy is that our customer satisfaction levels are at a record 3-year high,” said Krishnakumar Natarajan, CEO & Managing Director, Mindtree.

Key financial highlights:

Quarter ended March 31, 2015

In USD terms:
Revenue at $147.8 million (growth of 0.1% q-o-q / 11.3% y-o-y). Constant currency revenue growth of 1.8% q-o-q
Net profit at $20.7 million (decline of 9.2% q-o-q / growth of 30.5% y-o-y)
In Rupee terms:
Revenue at Rs 9,181 million (growth of 0.7% q-o-q / 11.5% y-o-y)
Net profit at Rs 1,287 million (decline of 8.6% q-o-q / growth of 31.1% y-o-y)
Year ended March 31, 2015

In USD terms:
Revenue at $583.8 million (growth of 16.4%)
Net profit at $87.9 million (growth of 17.9%)
In Rupee terms:
Revenue at Rs 35,619 million (growth of 17.5%)
Net profit at Rs 5,363 million (growth of 19%)
Other highlights:

217 active clients as of March 31, 2015
$10 million clients grow to 14; $5 million clients grow to 28
14,202 employees as of March 31, 2015
Added 1,517 employees during the quarter on a gross basis
Trailing 12 months attrition is at 18.2%
Awards and recognition:
Mindtree featured as a ‘Major Player’ in IDC’s Marketscape for Worldwide Mobile Application Development and Testing Services 2014 Vendor Assessment
Mindtree was named the winner of the Silver Shield by ICAI Awards for Excellence for Financial Reporting for the year 2013-14
Dividend announcement:
The Board of Directors, at its meeting held on April 16, 2015 recommended a final dividend of 100% (Rs 10 per equity share of par value Rs 10 each) for the year ended March 31, 2015. Accordingly, the cumulative dividend declared by the Board of Directors for the year ended March 31, 2015 aggregates to 170% (Rs 17 per equity share of par value Rs 10 each)
About Mindtree

Mindtree [NSE: MINDTREE; CIN: L72200KA1999PLC025564] delivers technology services and accelerates growth for Global 1000 companies by solving complex business challenges with breakthrough technical innovations. Mindtree specializes in e-commerce, mobility, cloud enablement, digital transformation, business intelligence, data analytics, testing, infrastructure, EAI and ERP solutions. We are among the fastest growing technology firms globally with more than 200 clients and offices in 14 countries.

Safe harbour

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 our actual results to differ materially from those in such forward-looking statements. We do not undertake to update any forward-looking statement that may be made from time to time by us or on our behalf.

Visit us at

For more information, contact:
Priyanka Waghre

Siddhartha Tanti
Genesis Burson-Marsteller

Kiran Farooque
PPR Worldwide

Sarah Elder
Max Borges Agency

Source: Mindtree

Written by asiafreshnews

April 17, 2015 at 2:10 pm

Posted in Business & Finance

Magna Announces Agreement to Sell Interiors Operations

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AURORA, Ontario, April 16, 2015 /PRNewswire/ — Magna International Inc. (TSX: MG, NYSE: MGA) today announced that it has signed an agreement to sell substantially all of its interiors operations to Grupo Antolin, a leading global supplier of automotive interior systems. The purchase price for the operations, excluding certain assets, is approximately $525 million, subject to customary closing adjustments for the value of net working capital and net debt at closing.

The transaction includes 36 manufacturing operations and approximately 12,000 employees located in Europe, North America and Asia. Full year 2014 total sales for the operations included in the agreement were approximately $2.4 billion. Magna’s seating business is not included in this transaction.

Don Walker, Magna’s Chief Executive Officer commented: “This transaction is consistent with our strategy of refining our product portfolio to focus on certain key areas of the vehicle. In addition, we are very pleased to have reached an agreement with an established company that we believe will be well-positioned globally in the interiors business. We are confident that Grupo Antolin will continue to serve our interiors customers and provide to our interiors employees a solid foundation for the future.”

The transaction is expected to close in the third quarter of 2015, subject to a number of customary conditions, including antitrust approvals.


We are a leading global automotive supplier with 313 manufacturing operations and 84 product development, engineering and sales centres in 28 countries. We have approximately 131,000 employees focused on delivering superior value to our customers through innovative processes and World Class Manufacturing. Our product capabilities include producing body, chassis, interior, exterior, seating, powertrain, electronic, vision, closure and roof systems and modules, as well as complete vehicle engineering and contract manufacturing. Our common shares trade on the Toronto Stock Exchange (MG) and the New York Stock Exchange (MGA). For further information about Magna, visit our website at


This press release contains statements that constitute “forward-looking statements” or “forward-looking information” within the meaning of applicable securities legislation, including, but not limited to, statements relating to the strategic benefits expected to result from the transaction. The forward-looking information in this document is presented for the purpose of providing information about management’s current expectations and plans and such information may not be appropriate for other purposes. Forward-looking statements may include financial and other projections, as well as statements regarding our future plans, objectives or economic performance, or the assumptions underlying any of the foregoing, and other statements that are not recitations of historical fact. We use words such as “may”, “would”, “could”, “should”, “will”, “likely”, “expect”, “anticipate”, “believe”, “intend”, “plan”, “forecast”, “outlook”, “project”, “estimate” and similar expressions suggesting future outcomes or events to identify forward-looking statements. Any such forward-looking statements are based on information currently available to us, and are based on assumptions and analyses made by us in light of our experience and our perception of historical trends, current conditions and expected future developments, as well as other factors we believe are appropriate in the circumstances. However, whether actual results and developments will conform with our expectations and predictions is subject to a number of risks, assumptions and uncertainties, many of which are beyond our control, and the effects of which can be difficult to predict, including, without limitation: the consummation of the transaction, including required antitrust and other regulatory approvals; the satisfaction or waiver of conditions to complete the transaction; warranty or indemnity obligations to the purchaser in relation to pre-closing liabilities; and other factors set out in our Annual Information Form filed with securities commissions in Canada and our annual report on Form 40-F filed with the United States Securities and Exchange Commission, and subsequent filings. In evaluating forward looking statements, we caution readers not to place undue reliance on any forward-looking statements and readers should specifically consider the various factors which could cause actual events or results to differ materially from those indicated by such forward-looking statements. Unless otherwise required by applicable securities laws, we do not intend, nor do we undertake any obligation, to update or revise any forward-looking statements to reflect subsequent information, events, results or circumstances or otherwise.

CONTACT: Vince Galifi, Executive Vice-President and Chief Financial Officer at +1-905-726-7100; or Louis Tonelli, Vice-President, Investor Relations at +1-905-726-7035.

Source: Magna International Inc.

Written by asiafreshnews

April 17, 2015 at 12:33 pm

5 Ways to Define a Small Business Social Media Action Plan

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NEW YORK, April 16, 2015 /PRNewswire/ — Social media marketing provides resource-strapped small businesses an affordable opportunity to cultivate an online community, solidify brand-building and increase lead generation.  When it comes to choosing which social media platforms to utilize, select those that offer the best potential for reaching your ideal audience, and — because everyone uses social media differently — ensure that some time was spent defining your target audience so that your approach aligns with your overall marketing goals.  Here’s a closer look at how to determine where to invest your time:

  • Keep up with the competition: Where is your competition, what message are they conveying and what platforms are they using? Focus on engagement instead of the total number of followers.
  • Identify your customer: Again, this is one of the most important factors when deciding on a social network. The age demographic of your customer may also play a role in your decision-making.
  • Determine the want: After clearly identifying your customer, ensure you uncover what is driving them to consider your product and figure out the best way to deliver your information to them.
  • Keep it simple: Don’t add to the noise in an already cluttered content space. Your material should continue to provide value so that your audience won’t tune any information out.
  • Remember that numbers never lie: Social media traffic numbers to your website are also an important metric to monitor. When ramping up activity on a new platform monitor this number closely and make any adjustments that are necessary.

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For more insight on how to define a social media action plan, read the latest article from Penny C. Sansevieri, CEO and founder of Author Marketing Experts, Inc., on PR Newswire’s Small Business Toolkit:

PR Newswire’s Small Business PR Toolkit is a comprehensive resource that provides small businesses and entrepreneurs the tools to develop an affordable public relations and marketing plan that helps generate interest from potential customers, engage with key audiences and grow their businesses. The toolkit features relevant content such as informative white papers, interactive webinars and how-to articles and premium access to educational resources, as well as the opportunity to take advantage of special offers designed specifically for small businesses. To request information on how PR Newswire can help your small business, click here. You can receive updates on new Small Business PR Toolkit content by following @prnsmallbiz on Twitter.

About PR Newswire                        

PR Newswire ( is the premier global provider of multimedia platforms that enable marketers, corporate communicators, sustainability officers, public affairs and investor relations officers to leverage content to engage with all their key audiences. Having pioneered the commercial news distribution industry over 60 years ago, PR Newswire today provides end-to-end solutions to produce, optimize and target content — from rich media to online video to multimedia — and then distribute content and measure results across traditional, digital, mobile and social channels. Combining the world’s largest multi-channel, multi-cultural content distribution and optimization network with comprehensive workflow tools and platforms, PR Newswire enables the world’s enterprises to engage opportunity everywhere it exists. PR Newswire serves tens of thousands of clients from offices in the Americas, Europe, Middle East, Africa and the Asia-Pacific region, and is a UBM plc company.

Amanda Eldridge
Director, Strategic Channels
+1 201-360-6906

Written by asiafreshnews

April 17, 2015 at 12:32 pm

Posted in Uncategorized