Thursday, May 10, 2012

MALAYSIA AIRLINES adds flight on Mumbai Kuala Lumpur this May

MALAYSIA AIRLINES ADDS FLIGHTS THIS HOLIDAY SEASON
- HURRY GRAB YOUR SEATS -
All India, 10th May 2012: Malaysia Airlines is introducing additional flights this holiday season between Mumbai and Kuala Lumpur, providing yet another opportunity for travelers from India to cherish award winning airline hospitality and visit their favorite holiday destinations in Asia.

The additional flights, to be operated between Mumbai and Kuala Lumpur from 13th May to 31st May 2012 by the national carrier of Malaysia and World’s leading Airline to Asia, eases out the seat crunch during the peak holiday season by providing Indian travellers a chance to book their holidays now to get them in Kuala Lumpur early morning and departure late evening so that one can spend more time at the destination.

The additional Malaysia Airlines flight MH 7085, operating on Sunday Monday, Tuesday, Thursday and Saturday departs Mumbai Airport at 01:15 hours and arrive Kuala Lumpur at 09:05 hours. The return flight MH 7084, operating on Sunday, Monday, Wednesday, Friday and Saturday departs Kuala Lumpur at 21.40 hrs and arrive Mumbai at 00.25 hrs the next day.

Further elaborating on the same, Mr. Nur Shaffik Haris, Malaysia Airlines General Manager for Western India highlighted “This holiday season, one can fly at very affordable fares to savor the authentic Malaysian food, shopping, theme parks, beaches and more in Malaysia and these additional frequencies ensure customers get their seats even though they have not planned in advance.”

The all inclusive fares start from as low as INR 28,093 and customers are invited to book and grab their seats fast.

Malaysia Airlines (www.malaysiaairlines.com) is the national carrier of Malaysia and one of Asia's largest, flying nearly 40,000 passengers daily to some 80 destinations worldwide across 4 continents. The distinctive Malaysia Airlines brand is an extension of the special culture of warmth and friendliness unique to Malaysians. This inimitable Malaysian sense of graciousness is branded as “Malaysian Hospitality” and symbolized by the acronym MH which is also the airline’s flight code.
Both Malaysia Airlines and its Kuala Lumpur hub are among the industry’s most frequent winners of awards for quality service. Malaysia Airlines itself has won the World’s Best Cabin Crew title from the Skytrax airline quality rating agency in six of the past 10 years. In the latest (2011) World Travel Awards, UK it was named World’s Leading Airline to Asia for the second year running.
Malaysia Airlines currently operates 40 weekly scheduled flights from India to Malaysia, comprising New-Delhi (12 flights), Mumbai (07 Flights), Chennai (07 flights), Hyderabad (07 Flights) and Bangaluru (07 Flights)

Rajasthan Royals at Mitashi launch


Mitashi unveils a new range of LCD, LED TVs, Video Games & Home Theaters

Mitashi Edutainment Pvt. Ltd., one of the companies dealing in home entertainment have announced the launch of a new range of LED and LCD Televisions, video games and Home Theaters at an event held at the J W Marriot on 6th May 2012, Sunday. Present at the event was Rakesh Dugar, Chairman and Managing Director, Mitashi Edutainment Pvt. Ltd. along with the Rajasthan Royals IPL Team players. Cricketers Rahul Dravid, Shane Watson, Johan Botha and the entire Rajasthan Royals Team unveiled this new range. The company introduced ten new models in the LED and LCD range, nine home theaters and a whole new range of video games as well.
The price of the LED and LCD TVs ranges between Rs.9,900 to Rs.28,990, while that of the Home Theaters ranges between Rs.1,990 to Rs.8,990 and the video games range between Rs.500 to Rs.4,000. The new LED, LCD and Home theaters are designed in a manner that ensures that the slim frame of the TV blends completely with the walls of the living room. They’ve aimed to keep the design and the overall frame of the entire unit minimalistic. 

Speaking at the occasion, Mr. Rakesh Dugar, Managing Director, Mitashi Edutainment Pvt. Ltd. said, “In a country like ours, cricket is a religion and millions of cricket fans follow the IPL series. During this season, consumers tend to upgrade their TV sets or even buy the latest products available in the market, in order to save electricity, obtain better clarity and functionalities. To tap this crucial need of the cricket and technologically driven audience, we have unveiled an exciting new range of Mitashi products for our patrons.

Mitashi has been well established in the edutainment zone and with this launch, they’re positioning themselves well in the consumer electronics segment as well. Their other popular content includes Game-in, Playsmart & Skykidz Mitashi.

ECS launches Golden Motherboard


ECS Pioneers in Motherboard Luxury by adding Gold
~Poised to bring an unrivalled computing experience to the users~
May 10th, 2012, Mumbai, India: Elitegroup Computer Systems (ECS) in a grand launch today, at ITC Grand Central, Parel, Mumbai, introduced its Golden Limited Edition motherboards for the Indian customers. Promising Power, Reliability and Class for the first time, these motherboards are available in two models - Z77H2-AX and Z77H2-A2X. These boards are the top-of-the-line motherboards in the ECS Black Extreme Series, which enriches the series' themed slogan -- 'My Game, My Rules'.
The ECS Z77 Black Extreme Series - Golden Limited Edition features triple-thickness gold plated connectors and has passed the strictest quality tests, giving power users the security that the gold plating won't wear out after extensive component upgrades, safe guarding the board from the threat of corrosion.

The individually numbered, handcrafted motherboards are stunningly outfitted in cool black with dazzling gold plated key components, giving both the Z77H2-AX and Z77H2-A2X a sophisticated and classy appearance that is unprecedented in the PC motherboard industry. Key features include: ATI Cross FireXTM and NVIDIA® SLI® graphics support with next generation PCI Express 3.0 to achieve the ultimate in 3D gaming performance and visual quality, Qool TechTM IV visible temperature technology to protect your valuable PC components, and support for the fastest 3rd generation Intel Core processors.

On the magnificent launch of the gold motherboard, Mr. Rajesh Goenka, Vice President (Sales & Marketing, Rashi Peripherals, India, said, “ECS 15u gold contact is the technology with excellent gold plating on CPU pins, memory sockets and PCI express slots offering ultra system stability add more plug-in opportunity. Golden components provide best anti-oxidation, anti rust and anti- moisture protection to strengthen prime quality and durability of ECS motherboards. ECS is all geared up to set new standards in motherboard design with the launch of Z77 series which will help boost channel partner and end user confidence. With ECS ensuring maximum reliability and customer satisfaction, Rashi is proud to be a part of this historic launch in India”

Mr. Srinivas Tadigadapa, Director – Sales & Marketing (West), Intel South Asia said, “We are proud of our association with Elitegroup Computer Systems and welcome the Golden Limited Edition motherboards. The new products use our next generation Intel chipset architecture for PCs using 3rd and 2nd generation Intel© Core ™ Processors. The Intel® 7 Series Chipset Family offers new capabilities, like integrated USB 3.0 and support for up to 3 independent displays, for an outstanding computing experience.”

Exclusive limited edition
The Z77H2-AX and Z77H2-A2X models are already available worldwide. Each of these high-end Z77 Black Extreme Series - Golden Limited Edition motherboards is accompanied by a certificate of authenticity personally signed by the  Director of Research and Development of ECS, emphasizing the company's determination to guarantee quality, performance and ultimate reliability to its customers.
                                                                                   
Introduction videos for the ECS Black Extreme - Golden Limited Edition can be found here:
a. ECS Z77 black series motherboard introduction (http://youtu.be/h1bOE6zFFog)  
b. ECS Z77 fine tuned golden board (http://youtu.be/aNuIRbBEEss)

About ECS
The Elitegroup Computer Systems (ECS) has been a pioneer in designing and manufacturing computer motherboards since 1987. Today, the motherboard maker also designs and manufactures desktop PCs, notebooks, servers, motherboards, video cards, wireless solutions and handheld devices for distributors worldwide. Headquartered in Taiwan with operations in North America, Europe and China, Korea and Japan, ECS also has ISO 9001 and ISO 14001 certified manufacturing facilities in China. For more information, please visit ECS at www.ecs.com.tw.

Tuesday, May 8, 2012

Dena Bank Q4FY12 Result

CBI Q4 FY12 Result

ANDHRA BANK Q4FY12 Result

                                            ANDHRA BANK
PERFORMANCE HIGHLIGHTS FOR MARCH 2012

Consistent Performance
under
Challenging Economic and Banking Environment


                    Q4 FY’11-12      12M FY’11-12


Total Income                         21.3%                32.8%

                        Net Profit                                 8.6%                   6.1%

                         Net Interest Income               6.2%                  16.7%



Performance Highlights for the Q4 FY 2011-12 and 12M FY 2011-12 ended MARCH 2012


TOTAL BUSINESS


  • Total Business of the Bank stood at Rs.1,90,535 Crore, recording a Y-o-Y growth of 16.0% over Rs.1,64,310 Crore in Mar’11.
  • Deposits at the end of Mar’12 stood at Rs.1,05,851 Crore as compared to Rs.92,156 Crore in Mar’11, registering a growth of 14.9% on Y-o-Y basis.
  • Advances recorded a growth of 17.4% (Y-o-Y) reaching the level of Rs.84,684 Crore as on Mar’12 from Rs.72,154 Crore as on Mar’11.
  • CASA Deposits increased to Rs.27,947 Crore in Mar’12 from          Rs.26,779  Crore in Mar’11.
  • CASA share in Total Deposits is 26.4% as at end of Mar’12.






INCOME


  • Total Income during Q4 FY’11-12 rose by 21.3% to Rs.3,229 Crore.
  • Total Income during 12M of FY’11-12 increased to Rs.12,199 Crore, recording a growth of 32.8%.
  • Net Interest Income during Q4 FY’11-12 improved to Rs.914 Crore recording a growth of 6.2% over Q4 FY’10-11.
  • During 12M FY’11-12, N I I improved by 16.7% to Rs.3,759 Crore.
PROFIT


  • Operating Profit grew by 16.7% to reach Rs.2,815 Crore in 12 months of FY’11-12 as compared to Rs.2,413 Crore for 12M FY’10-11.
  • Net Profit during Q4 of FY ’11-12 improved to Rs.340 Crore, recording a growth of 8.6%. For the 12M period ended MARCH 2012, Net Profit grew by 6.1% to reach Rs.1,345 Crore.


IMPORTANT  RATIOS


  • Gross NPA ratio stood at 2.12% as at Mar’12 while Net NPA ratio is 0.91%.
  • Net Interest Margin (NIM) stood at 3.34% for the quarter ended Mar’12 and 3.67% for 12 months ended Mar’12.
  • Return on Assets stood at 1.13% in the Q4 of FY 2011-12 and at 1.19% for 12 Months ended Mar’12.
  • Cost to Income ratio stood at 39.06 % in 12M FY 2011-12 as against 41.40% for 12 months of FY 2010-11.
  • Earnings Per Share was Rs.24.03 for the period ended Mar’12.
  • Board has recommended a dividend of Rs. 5.50 per equity share
  • Book Value per Share improved to Rs.124.59 in Mar’12 as against Rs.116.02 in Mar’11.
  • CRAR of the Bank stood at 13.18% under BASEL-II (Tier-I Capital: 9.02%; Tier-II Capital: 4.16%).


ASSET  QUALITY


  • Gross NPAs of the Bank reduced from Rs.1,884 Crore (Dec 2011) to Rs.1,798 Crore. Net NPAs reduced from Rs. 943 Crore (Dec 2011) to Rs. 756 Crore as at the end of Mar’12.


DELIVERY CHANNELS


  • During the FY 2011-12, the Bank has opened 80 Branches taking the PAN India presence to 2821 Delivery Channels consisting of 1712 Branches,               15 Extension Counters, 38 Satellite Offices and 1056 ATMs.


PRIORITY SECTOR


  • Priority Sector Advances improved to Rs.27,027 Crore as on 31.03.2012 from Rs.23,082 Crore as on 31.03.2011, recording a growth of 17.1%.


AGRICULTURE


  • Advances to Agriculture have gone up to Rs.12,459 Crore as on 31.03.12, from Rs.10,369 Crore as on 31.03.11, recording a growth of 20.1%.


M S M E


  • MSME Advances registered a growth of 18.3% and stood at           Rs.13,132 Crore as at the end of March 2012 as against Rs.11,105 Crore in Mar’11.


RETAIL CREDIT


  • Retail Credit Portfolio of the Bank increased to Rs.11,301 Crore as on 31.03.2012 compared to Rs.10,479 Crore as on 31.03.2011, registering a    Y-o-Y growth of 7.8%.  








FINANCIAL INCLUSION


  • Bank covered all the allotted 1149 FI Villages with population of more than 2000 with banking service outlets by deploying Business Correspondent Agents as on 31.03.2012, by leveraging technology.
  • We have initiated the process to open ‘Ultra Small Branches’ in all FI villages as per the directions of the Ministry of Finance, Govt. of India. Under the Ultra Small Branch concept, an identified Officer from the Branch shall visit the FI village once in a week on a specified day along with a laptop having Virtual Private Network (VPN) connectivity to CBS to render the activities communicated by the Ministry. The new Product launched, i.e., Savings cum OD facility upto a limit of Rs.10,000/- to Non-Farmer Households has been extended to Financial Inclusion Customers.
  • Smart Card Project : Bank has been implementing Smart Card Project in association with Govt. of AP in 4 Districts – viz., Srikakulam, Warangal, Guntur and East Godavari, for distribution of Govt. benefits such as Social Security Pensions and Wages under MGNREG Scheme. The Scheme is operated in  ‘Business Correspondent Model’. As at the end of March 2012, 16.12 lacs Beneficiaries were covered in 2665 Villages and an amount of    Rs.436 crore was disbursed.


NEW  INITIATIVES


  • Bank recently launched a new Product named “Abhaya First Wealth Pack” in all its Branches, combining features of four products, viz., Recurring Deposit, Savings Bank Account, Unit Linked Plan (Equity Option) and Life Insurance Cover. This is available in three denominations of Silver (Rs.25,000/-), Gold (Rs.50,000/-) and Platinum (Rs.1,00,000/-).
  • The Prepaid Cards launched by Bank in September 2011 under Gift and International Travel received good response from the Customers.
  • Gift Cards which are Initially issued at select Branches, is proposed for extending in the remaining Branches also. Presently, the Gift Cards are issued without any charges. The Gift Cards are available in flexi denomination from Rs.250/- to Rs.50,000/-. The Gift Cards are preloaded. Hence, while considering the safety point of the Cardholders, several risk mitigation measures are implemented for operating the Gift Cards, like :
  • PIN is enabled for POS usage and is subject for prompting PIN at POS Terminal.
  • Cardholder can lock the card temporarily when the card is not used.
  • SMS Alerts are enabled for all transactions



  • The International Travel Prepaid Cards are issued initially under US Dollars. While considering the Customers affordability, the Cards are issued with an initial load of USD 200 and reloading of USD 100. The Cards are issued without charges.
  • Bank introduced several facilities such as inter bank mobile payment service (IMPS), collection of commercial taxes/VAT through internet banking, direct tax payments through ATMs, opening of term deposit accounts through internet, online request for cheque books, account number portability etc.


  • Bank is considering to expand the branch network by opening about 200 branches on PAN India basis. It is also proposed to add about 200 ATMs.


AWARDS AND ACCOLADES


  • The Bank has received “Editorial Board Roll of Honour” under   Mid-size Public Sector Banks’ Category in the CNBC - TV18 Best Bank and Financial Institution Awards presented by MCX for the year 2011.