Apple hires Samsung top exec to be India media head

May 18, 2016 0

New Delhi– In a key development, US tech giant Apple is all set to hire Rajiv Mishra, currently vice president of media and corporate social responsibility division at Samsung Electronics Co. Ltd, as its India head of media and public affairs.

Mishra confirmed the development to IANS on Wednesday.

The move is significant, as it comes when Apple CEO Tim Cook is in India on a four-day visit and is slated to meet Prime Minister Narendra Modi this week.

The move is also crucial as with Mishra’s over 22-year expertise, Apple will be better positioned to disseminate information to its various stakeholders and cement its position in the Indian market.

Mishra joined Samsung in August 2014. At Samsung, Mishra is responsible for overseeing the entire media mandate for the organisation across the country.

He had worked for various media organisations like Hindustan Times Group, Star TV, Zee TV, Reliance Infocomm Limited, News 24 (BAG Films and Media) and India News, among others.

Mishra also worked with Lok Sabha TV as CEO and has been a nominated member of various media advisory bodies in various ministries.

He is founder of the Electronic Media Rating Council of India and his contribution in television ratings methodology in Europe has been recognised by International Telecommunication Union and European Broadcasting Union at Geneva.

Rajiv Mishra is also the founder and first president of Association of Radio Operators for India (AROI) and also the first president of Association of Regional Television Broadcasters of India (ARTBI), the industry representative body of regional Broadcasters of India. He has recently been nominated as member, expert committee of Information & Broadcasting Ministry to develop papers on copyright issues.

A master’s in broadcasting from IAB, Montreux, Switzerland, he earned MBA in media management from Metropolitan College of New York (MCNY) in the US.

Apple is reported to be looking for new growth markets like India following decline in sales.

Hit by slower growth in the sale of its flagship products iPhone, iPad and Mac globally, Apple’s revenue dropped for the first time since 2003 as the tech giant released earning reports for the second quarter of fiscal 2016 in March.

Revenue was down in both Americas and China — Apple’s two biggest territories. It declined around 10 percent in the Americas and 26 percent in China.

According to Vishal Tripathi, research director at global market consultancy firm Gartner, Cook may raise the issue of allowing Apple to import and sell refurbished iPhones at a cheaper price in India during his talk with Modi. This will give Apple a slot in the mid and low-price segment.

Apple’s manufacturing partner Foxconn is already present here and is looking to set up a manufacturing base in the country. (IANS)

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Apple’s Tim Cook to visit India this week

May 16, 2016 0

New Delhi– US technology giant Apple’s chief executive Tim Cook is expected to visit India later this week and will meet Prime Minister Narendra Modi, according to a source.

Tim Cook

Tim Cook

“It is expected that the Apple CEO will meet Prime Minister Modi this weekend,” a source familiar with the development told IANS.

At present, Cook is in Beijing, China. Apple on May 13 announced an investment of $1 billion in Chinese ride-hailing app Didi Chuxing.

During his visit, Cook met some of China’s well known app developers as well.

Cook, who joined Apple in March 1998, was made chief executive of the company, succeeding Steve Jobs, on August 24, 2011.

Hit by a slower growth in its flagship iPhone, iPad and Mac sales globally, Apple’s revenue dropped for the first time since 2003 as the tech giant released earning reports for the second quarter of the fiscal year 2016 in March.

The company on April 27 posted a quarterly revenue of $50.6 billion and quarterly net income of $10.5 billion ($1.90 per diluted share), compared to revenue of $58 billion and net income of $13.6 billion ($2.33 per diluted share) in the year-ago quarter, the company said in a statement.

The revenue was down in both Americas and China — Apple’s two biggest territories. It declined around 10 percent in the Americas and a 26 percent drop in China.

According to reports, the company is looking for new growth markets after its sales declined. (IANS)

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US diplomat highlights India-US links

May 13, 2016 0

Agartala–US Consul General Craig Hall has highlighted the growing India-US relationship in the areas of higher education, regional connectivity and economic ties.

During his two-day maiden visit to Left-ruled Tripura, Hall met Governor Tathagata Roy and Chief Minister Manik Sarkar and discussed the future of India-US relations and the state’s development potential, said a statement issued on Friday by US Consulate General in Kolkata.

“He highlighted the growing India-US relationship in the areas of higher education, regional connectivity and economic ties,” said the statement.

Hall discussed “India-US Relations – A Partnership for the 21st Century” with the students of Tripura University.

“The US sees with India the potential for a friendship and partnership that will be transformative for the 21st century,” the statement quoted Hall as saying.

He also stressed the importance of people-to-people connections, and inspired the students to become transformational leaders.

The diplomat visited the Akhaura checkpost along the Bangladesh border and witnessed the Beating the Retreat ceremony, jointly organised by the Border Security Force (BSF) of India and Border Guards Bangladesh.

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US-based Dow Corning opens building solutions centre in Delhi

May 12, 2016 0

New Delhi– Dow Corning, a US-based global leader in silicones (silicon-based technology and innovations), on Thursday opened its first building solutions centre in the capital.

The silicone specialists will provide technical support and customer service to construction industry professionals by leveraging comprehensive project support, industry-leading technical training and hands-on, skill-building workshops.

Jean-Paul Hautekeer

Jean-Paul Hautekeer

“The aim is to provide our customers with leading innovation and best-in-class services to ensure that their experience is remarkable,” said Jean-Paul Hautekeer, global HPB marketing director, in a statement.

The primary focus would be on the performance, safety and durability of buildings constructed using Dow Corning silicone materials in a range of specialist applications in new and renovation projects.

The “SAHAYOG Building Solutions Centre” will also provide access to Dow Corning’s leading Quality Bond programme which promotes best practices in quality control, quality assurance and production application with specialist silicone applicators.

“Dow Corning first set up its dedicated operations in India in 2000 to serve a multi-industry customer base that has been using Dow Corning products for more than 30 years,” added Basab Saha, marketing manager (high performance building solutions), Dow Corning South Asia.

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Odisha to participate in Global Investment Meet in Silicon Valley

May 2, 2016 0

Bhubaneswar– To attract foreign investment in Odisha, a delegation of state government officials and entrepreneurs will attend the Global Investment Meet at the Silicon Valley from May 4 to May 7.

The team led by state Industry Minister Debi Prasad Mishra will have IT secretary Pradeep Kumar Jena, industry secretary Sanjiv Chopra, Odisha Industrial Infrastructure Development Corporation (IDCO) managing director Sanjay Singh and officials from Odisha Computer Application Centre (OCAC), said a statement on Monday.

Besides, some entrepreneurs of Odisha are also part of the team.

“We would attend the global meet to highlight the investment opportunities in the state. Since several countries are participating in the meet, it would give us an opportunity to attract investment to the state,” said the industry minister.

The team will attend various business-to-business meetings, and meet policy makers and investors at Silicon Valley.

The team will also visit the Facebook headquarters, the Plug and Play Incubator, and the Stanford University Incubator.

They will also discuss and take inputs regarding policies for start-ups.

The minister will also interact with people from the Odia community for Biju Patnaik’s birth centenary celebrations at Santa Clara Convention Centre in San Fransicso, and discuss the development of Odisha. (IANS)

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Religare to divest stake in US fund Landmark Partners

Apr 28, 2016 0

New Delhi–Religare Enterprises on Thursday said it is divesting its stake in the Connecticut-based investment fund Landmark Partners through its US based subsidiary. The size of the deal was not divulged in the regulatory filing.

Shachindra Nath Group Chief Executive Officer, Religare Enterprises Limited

Shachindra Nath
Group Chief Executive Officer, Religare Enterprises Limited

In its balance sheet for 2010-11, Religare had announced that it has acquired a 55-percent stake in Landmark Partners for $171.50 million. Landmark, which was set up in 1989, had private equity and real estate investments totalling $8.5 billion its 27 funds at that time.

The limited liability company’s web site now says it has sponsored 29 private equity and realty funds since 1989 with a committed capital totalling $15 billion.

“Consideration amount is not being disclosed in terms of the confidentiality obligations of Religare under the definitive agreements executed with the purchasers of Landmark,” the company said in the regulatory filing with stock exchanges.

The regulatory filing further said Landmark had consolidated revenues of Rs.603.44 crore in 2014-15, and that its consolidated networth was Rs.203.70 crore. This translated into 14.44 percent and 5.21 percent of Religare’s own revenues and net worth.

The shares of Regliare were trading at Rs.275.00, down Rs.2.25, or 0.81 percent.

The announcement on Thursday came just a week after Religare’s announcement that it is selling its stake in the US-based private equity and venture capital management arm Northgate Capital, which had assets worth $4.8 billion under its management. (IANS)

Shachindra Nath is Group Chief Executive Officer of India-based Religare Enterprises Limited.

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Boeing awards titanium forging contract to Bharat Forge

Apr 26, 2016 0

New Delhi– Global aircraft manufacturing giant Boeing on Tuesday awarded a titanium forging contract for its 777X aircraft to Bharat Forge, recognising the technical expertise of the Indian company.

“They (Bharat Forge) have demonstrated not only a high level of technical expertise, but also an understanding of the need to meet market requirements for affordability,” said a statement from Boeing, citing its India president

Pratyush Kumar

Pratyush Kumar

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The Pune-headquartered Bharat Forge has already been supplying titanium forged flap tracks to Boeing Next Generation 737 aircraft.

There is also an arrangement between the two companies to supply forgings for Boeing 737 Max aircraft scheduled to enter service in 2017, the statement said.

Using a closed die forging process, Bharat Forge will develop and manufacture the titanium forgings, first two of which have been scheduled to be shipped to Boeing late in 2016, followed by two more in early 2017, the statement said.

“This second contract is the result of our successful partnership with Boeing and brings to forefront our capabilities in precision manufacturing techniques to offer high end technology and value in the aerospace sector,” the statement said, citing Subodh Tandale, executive director, Bharat Forge.

Bharat Forge will be supplying critical wing components for one of the most advanced Boeing aircrafts, added Tandale.

Committing to make India a part of its global aerospace supply chain, Boeing India, along with Bharat Forge, also wants to realise the full potential of ‘Make in India’ initiative.

Operating in India for the past 75 years, Boeing has forging contracts with suppliers in Asia, Europe, Russia and North America.

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US software firm to hone personality skills in India

Apr 25, 2016 0

Bengaluru– US-based Dharma Systems will soon offer a personality development course to hone management skills of corporate employees in India, a top executive said here on Monday.

“Although an organisation’s employees have technical and soft skills to perform their jobs, they are not sufficient without a third skill-set, trait skills,” said Dharma Life Sciences founder and CEO J. Sasidhar in a statement.

J. Sasidhar

J. Sasidhar

Trait skills, proven through scientific and field research experience, help employees develop into an efficient and productive workforce, he said.

The company aims to help employees achieve their career goals by moving the boundaries set on them by genes, environment and mind, the statement said.

“The company’s programmes are structured to deliver first of its kind trait skills management programme which help employees, and eventually their organisations, increase productivity and efficiency to achieve their goals,” said Sasidhar.

The right combination of technical and soft skills determined by the job role and the additional boost given by trait skills is crucial, he added.

Floated as a group within Dharma Systems in 2013, Dharma Life Sciences is offering services to over 1,000 people in various organisations. (IANS)

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US to focus on infra investment in smart cities: Ambassador

Apr 22, 2016 0

New Delhi–United States Ambassador to India Richard R. Verma on Friday said the US will continue to focus on making investments in infrastructure in Indian smart cities, which have an investment potential of $1.5 trillion.

“Infrastructure development in smart cities in India will continue to be the focus of the US government. There is a market potential of $1.5 trillion in smart cities,” Verma said at the 24th annual general meeting of the American Chamber of Commerce in India.

Richard Verma

Richard Verma

“Investment in smart cities’ infrastructure is one of the pillars of the India-US commercial dialogue. The US will collaborate with governments at the Centre, states and India‚Äôs finance sector to take the smart cities projects off the ground,” he added.

Currently, around 38 dialogues are in progress between India and the US at the government level, he said.

“38 dialogues are on between India and the US, amongst which a number of US agencies are talking to the Indian government on smart cities,” the American ambassador said.

“There is massive urbanisation happening in India at levels we have never seen earlier. Opportunities in rural India are drying up. India needs to construct a Chicago city every year to accommodate people moving to its cities,” Verma said.

He said the US government had initiated a reverse trade mission under which 14 officials from the Vizag smart city project visited US cities to analyse the infrastructure requirements of a smart city.

Talking about the growing partnership in India, he said: “We have seen broadening and deepening of our relationship. Year 2015 saw the India-US bilateral trade scale new heights. Soon the two countries will hit the $108 billion-mark.”

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India approves skill development MoU with US-based NGO

Apr 20, 2016 0

New Delhi– The union cabinet on Wednesday gave its approval for signing a Memorandum of Understanding (MoU) on skill development with US-based NGO Wadhwani Operating Foundation (WOF).

The trilateral MoU is to be between the Ministry of Skill Development and Entrepreneurship (MSDE), the National Skill Development Corporation (NSDC), and the Wadhwani Operating Foundation.

Romesh Wadhwani

Romesh Wadhwani

“The MoU will assist in facilitating and supporting skill development initiatives in the country through multi-skill institutes and skill universities along with promotion and creation of an eco-system for skill development,” a government statement said.

The statement said that over the span of three years, Wadhwani Operating Foundation would contribute $30 million to $40 Million to promote mutually-agreed skill and entrepreneurship development initiatives.

“The MSDE would provide support to integrate skill development initiatives in schools and institutions of higher education in a more organised and structured manner by pooling resources and setting up state programme management units as required,” the statement said.

It said that the MSDE would set up multi-skill institutes and skill universities with the help of sector skill councils and the NSDC.

 

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