By Research News Today

• The MSME sector in India is expected to continue its growth trajectory with a CAGR of 7.5% in FY’2015-FY’2019.
• Future Growth of MSME sector is expected to be led by auto components and plastic manufacturing segments which will grow on account of growth of the regional clusters

Ken Research announced its latest publication on “India Micro, Small and Medium Enterprises Market Outlook to 2018 – Focus on Auto-Components and Plastic Manufacturing Segment” which provides a comprehensive analysis of the auto components and plastics manufacturing by SMEs in India. The report covers various aspects such as market size of SME auto components industry segmentation on the basis of contribution from various types of clusters and supply to various types of market. The SME auto components industry in India has grown at a CAGR of ~% during the FY’2008-FY’2014.

The SME plastics manufacturing in India has witnessed a CAGR of 18.9% during the FY’2008-FY’2014 on account of growth of the regional clusters and the increasing demand from the sectors such as packaging, automobiles and agriculture. Currently plastic industry in India is undergoing a transition phase as it is now being used extensively in the agricultural sector. The plastic manufacturing by SMEs is expected to incline at a CAGR of ~% during FY’2015-FY’2019.

According to the research report, the MSME sector will grow at a considerable CAGR rate thus exceeding INR 30 trillion by FY’2019 due to the increasing investments and favorable government policies for the sector

“While rising disposable income, growing automobile industry and an inclining polymer production will result in increased production of auto components and plastics in India, unavailability of unsecured credit and limited access to equity capital are few of the major constraints which will affect the growth of this industry in the future”, according to the Research Associate, Ken Research.

Key Topics Covered in the Report:

India MSME Sector

- Market Size by production value

- Market Segmentation by

o Industry

Auto Components

- Market Size by output turnover

- Market Segmentation by

o Parts

o Markets Served

o Clusters

- PORTER

- SWOT

- Export and Import

- Growth Drivers

- Growth Constraints

- Future Outlook

- Macro Economic Parameters

Plastic

- Market Size by output turnover

- Market Segmentation by

o Technology

o Clusters

o Regions

o Sector Consumption

- PORTER 5 Forces

- SWOT

- Export and Import Scenario

- Growth Drivers and Constraints

- Future Outlook

- Macro Economic Parameters

Related Reports

The US Hybrid Vehicles Market Outlook to 2018 – Government Strategy and Cost Effective Hybrids to Escalate Demand

India Used Car Industry Outlook to 2018 – Shifting Focus of Key Automakers on Used Car Business

South Korea Tire Industry Outlook to 2017 – Export Dominance to Drive Future Growth

India PET Preform Market Outlook to 2018 – Rising Demand for PET Packaging to Provide Growth Impetus

Contact:
Ken Research
Information Department
info@kenresearch.com
+91-11-4701 7199

Source:: Transportation and Warehousing

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Malaysia’s PETRONAS, one of the leading lubricants company in the world, has signed up with Maruti Suzuki (MSIL) as their Genuine Lubricant Partner for the supply of MGDO 5W40 for diesel vehicles.

PETRONAS also stands to gain immensely as a Maruti Genuine Lubricant Partner. Through this partnership, PETRONAS will gain access to Maruti Suzuki’s entire network of Sales & Service, apart from supplying the product in Bazaar trade. This gives PETRONAS a huge reach considering that MSIL has the largest network in the country – a total of 3100 plus service outlets running across the country.

As a Maruti Genuine Lubricant Partner, PETRONAS has come out with the customized PETRONAS SYNTIUM 3000 SZ MGDO 5W40 for Maruti Suzuki. The lubricant is formulated for the latest generation diesel engines and is especially designed for full service life in extended drain conditions. It minimizes oil thickening at very high operating temperature, minimizes wear-tear which prolongs engine life, optimizes the engine’s performance and minimizes friction and wear at start-up.
PETRONAS is already amongst the top-15 lubricants company in the world and the momentum is already propelling the jade-green oil drop well on its way to be amongst the world’s leading lubricants companies.

About PETRONAS SYNTIUM

With a growing global presence in key markets across Asia Pacific and Europe, the PETRONAS SYNTIUM range of products boasts fully synthetic multi-grade engine oils specifically engineered to exceed international standards, including ILSAC GF-5 & API SN, meant for current and future generations of high performance engines.

About PETRONAS Lubricants (India) Pvt. Ltd.

PETRONAS Lubricants (India) Pvt. Ltd. is wholly owned by PETRONAS Lubricants International. It was formed in the year 2006.

PETRONAS Lubricants (India) Pvt. Ltd. manufactures, markets and distributes premium lubricants, transmission, anti-freeze and functional fluids for land transportation, machinery and other industrial equipment. In India there is extensive presence in bazaar trade through distributors. PETRONAS Lubricants India is also partner to key OEMs like Piaggio, New Holland India, Fiat, TATA Motors etc. 

Photo Caption: Syntium 3000 MGDO (5W-40) 4L (pack shot)

Source: Business Wire India

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• The MSME sector in India is expected to continue its growth trajectory with a CAGR of 7.5% in FY’2015-FY’2019.
• Future Growth of MSME sector is expected to be led by auto components and plastic manufacturing segments which will grow on account of growth of the regional clusters

Ken Research announced its latest publication on “India Micro, Small and Medium Enterprises Market Outlook to 2018 – Focus on Auto-Components and Plastic Manufacturing Segment” which provides a comprehensive analysis of the auto components and plastics manufacturing by SMEs in India. The report covers various aspects such as market size of SME auto components industry segmentation on the basis of contribution from various types of clusters and supply to various types of market. The SME auto components industry in India has grown at a CAGR of ~% during the FY’2008-FY’2014.

The SME plastics manufacturing in India has witnessed a CAGR of 18.9% during the FY’2008-FY’2014 on account of growth of the regional clusters and the increasing demand from the sectors such as packaging, automobiles and agriculture. Currently plastic industry in India is undergoing a transition phase as it is now being used extensively in the agricultural sector. The plastic manufacturing by SMEs is expected to incline at a CAGR of ~% during FY’2015-FY’2019.

According to the research report, the MSME sector will grow at a considerable CAGR rate thus exceeding INR 30 trillion by FY’2019 due to the increasing investments and favorable government policies for the sector

“While rising disposable income, growing automobile industry and an inclining polymer production will result in increased production of auto components and plastics in India, unavailability of unsecured credit and limited access to equity capital are few of the major constraints which will affect the growth of this industry in the future”, according to the Research Associate, Ken Research.

Key Topics Covered in the Report:

India MSME Sector

• - Market Size by production value
• - Market Segmentation by
• o Industry

Auto Components

• - Market Size by output turnover
• - Market Segmentation by
  • o Parts
  • o Markets Served
  • o Clusters
• - PORTER
• - SWOT
• - Export and Import
• - Growth Drivers
• - Growth Constraints
• - Future Outlook
• - Macro Economic Parameters

Plastic

• - Market Size by output turnover
• - Market Segmentation by
  • o Technology
  • o Clusters
  • o Regions
  • o Sector Consumption
• - PORTER  5 Forces
• - SWOT
• - Export and Import Scenario
• - Growth Drivers and Constraints
• - Future Outlook
• - Macro Economic Parameters

Related Reports

The US Hybrid Vehicles Market Outlook to 2018 – Government Strategy and Cost Effective Hybrids to Escalate Demand

India Used Car Industry Outlook to 2018 – Shifting Focus of Key Automakers on Used Car Business

South Korea Tire Industry Outlook to 2017 – Export Dominance to Drive Future Growth

India PET Preform Market Outlook to 2018 – Rising Demand for PET Packaging to Provide Growth Impetus

Contact:
Ken Research
Information Department
info@kenresearch.com
+91-11-4701 7199

The post India Micro Small and Medium Enterprises Market Outlook to 2018 – Focus on Auto-Components and Plastic Manufacturing Segment appeared first on NewsPr.

IIT Council meeting chaired by the HRD Ministry, an authority on JEE Advanced examination, recently, on 23 September 2014 made basic criterion for admissions to IITs easier for the 12^th board appearing students.

The earlier criterion required the student to be ranked in the top 1.5 lac students in JEE Mains and in the top 80 percentile of their respective boards like the state, CBSE or the ICSE. This being an undisclosed and moving target, the percentage marks one required to score would be changing from year to year to score 80 percentile. This put a lot of pressure on the students during their preparation and a few of the aspirants would usually miss either or both of the criterion.
With the latest announcement by the HRD ministry, it has now been simplified, and now the students are required to score 80 percentile or 75% for general category (70% for reserved) whichever is lower. This has resulted in benefit to some students and hence obviously disadvantageous to others.

This decision came into account after a few students from Andhra Pradesh could not qualify the IIT JEE entrance exams and they moved court. The reason being that several students had scored over 90 per cent they still could not be among the top 20 percentile. The root cause for this irregular pattern is that some school boards are more generous in their marking system than others inadvertently putting their students at a disadvantage when it came to JEE Advanced that has started relying on percentile based screening mechanisms. CBSE also faced similar problems.

The JAB is of the view that a relaxation is necessary to ensure that all candidates are at equal advantage when appearing for JEE Advanced. The IIT Joint Admission Board (JAB) is of the view and recommended the same to all the boards that they should relax the marking system a bit for the students to be able to maintain uniformity.

Highlighting and appreciating this decision, Lalit Kumar, IIT Bombay, CMD Prime Tutorials Pvt. Ltd. says, “The student has a fixed target and hence the tension and pressure has enormously reduced with this announcement. Those who took a drop and are going to appear for JEE again are no more in any state of confusion.” He added that the ICSE students earlier required to score 85-87% to have a score of 80 percentile, now 75% is sufficient and hence it is a huge advantage to them. The CBSE earlier needed to score around 78% to have a score of 80 percentile and hence they have a marginal 3% benefit. State boards have not benefitted at all. Actually they need to score about 65-67% to have a score of 80 percentile. Hence they are disadvantaged by the virtue of the fact that others have benefitted.

Prime Academy, a Division of Prime Tutorials Private Limited, is a pool of experts, driven by IITians who have a vast experience. With a teaching experience of several years, they have developed the expertise and methodologies required to generate confidence among students to excel in competitive exams. They constantly update our method of teaching to keep students abreast with the changing exam pattern.

Prime Academy has been consecutively been producing toppers of IIT and JEE exams. In 2013 Kedar Joshi was 3^rd in Pune with AIR 159 and this year at Prime Academy, Abhay Gaikwad stood 3rd in Pune with AIR 204. More than 60 students from Prime cracked the exam. As many as 1.27 lakh students from across the country had appeared for the JEE Advanced.

Source: Business Wire India

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WNS (Holdings) Limited (WNS) (NYSE:WNS), a leading provider of global Business Process Management (BPM) services, today announced its contract renewal with Aviva. The contract that would be expiring on November 16, 2016 has been renewed for an additional five years until March 31, 2022 on mutually acceptable terms.

“We look forward to continue being an extension of Aviva’s enterprise delivering innovative solutions to their global business operations,” said Keshav R. Murugesh, Group CEO, WNS.

WNS’s insurance outsourcing solutions are built on its deep experience of delivering business processes for several of the world’s leading insurers. Our service offerings extend across the entire insurance value chain of Sales, Policy Administration, Claims, Finance & Accounting, Actuarial and Research & Analytics. These services span all lines of business including Property & Casualty, Life, Pensions, Annuities and Health.

About WNS

WNS (Holdings) Limited (NYSE: WNS), is a leading global business process management company. WNS offers business value to 200+ global clients by combining operational excellence with deep domain expertise in key industry verticals including Travel, Insurance, Banking and Financial Services, Manufacturing, Retail and Consumer Packaged Goods, Shipping and Logistics, Healthcare and Utilities. WNS delivers an entire spectrum of business process management services such as finance and accounting, customer care, technology solutions, research and analytics and industry specific back office and front office processes.

As of June 30, 2014, WNS had 27,760 professionals across 34 delivery centers worldwide including China, Costa Rica, India, Philippines, Poland, Romania, South Africa, Sri Lanka, United Kingdom and the United States. For more information, visit www.wns.com.

Safe Harbor Provision

This document includes information which may constitute forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, the accuracy of which are necessarily subject to risks, uncertainties, and assumptions as to future events. Factors that could cause actual results to differ materially from those expressed or implied are discussed in our most recent Form 20-F and other filings with the Securities and Exchange Commission. WNS undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.

Source: Business Wire India

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The Salarpuria Sattva Group, one of the leading real estate developers from South India have done a soft launch for its two premium residential projects in North and South of Bangalore. The residential properties Laurel Heights and Cadenza are located in prime locations on the main arterial roads connecting the IT corridor of Bangalore. Since this stretch has a rising demand for premium homes, these two projects will cater to the demand of the customers from this area.

Salarpuria Sattva’s Cadenza is located on Hosur Main Road at Kudlu Junction which is 4 kms away from the Silk Board junction and 2kms from the Group’s existing prestigious Greenage project. Laurel Heights is located on the Hessarghatta Main Road with quick accessibility to Bengaluru International Airport. It also provides easy connectivity to the Peenya Industrial Area, Tumkur, Jalahalli, Yelahanka and Hebbal -close to the emerging tech parks and corporate offices in the Northern region.

Speaking on the occasion, Mr. Bijay Agarwal, MD of the Salarpuria Sattva Group said “Together the two projects provide for more than 1000 units of premium homes that will cater to the rising demand in this premium segment.”

Along with the locational advantage that these projects offer, the Salarpuria Sattva Group is also for the first time launching its single bedroom format, along with the 2 and 3 BHK options making the brand accessible to aspiring younger, upwardly mobile home seekers and investors.

“For the first time we are venturing into the 1-BHK format of housing. By offering a compact apartment, we would like to cater to the various requirements of our customers,” added Mr. Agarwal.

About Salarpuria Sattva

Founded in 1986, the Salarpuria Sattva Group has grown into one of the most trusted builders in the country today. It has a formidable presence in Bangalore, where it is headquartered; it is a well-known name in Kolkata, Pune, Jaipur, Vizag, Hyderabad and Chennai. The Group has plans to venture into more cities in the near future. With 15 million sq.ft spaces completed, 15 million sq.ft under construction and 30 million more in stages of development and planning, the Group is one of the premium builders of India today. The Group’s unwavering adherence to quality has given it the “trusted” tag among builders in the country. CRISIL- a global analytical company providing Ratings, Research and Risk & Policy Advisory services has given an “A Stable” rating to the Salarpuria Sattva Brand.

This is a top notch financial rating amongst realtors in India by an independent international rating agency. The group has also won prestigious awards including-The CNBC- AWAAZ- CRISIL- CREDAI Real Estate Awards for the best commercial and residential projects in India. The Salarpuria Sattva Group has always strived to set the highest quality standards. It has a customer centric approach and a robust and advanced approach to engineering. Since inception it has had a high commitment to the environment and uncompromising business ethics. People come first in this enterprise. It has timeless values and transparency in all spheres of business conduct.

Source: Business Wire India

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Frost & Sullivan bestowed the 2014 “Data Analysis Platforms” Award to FORMCEPT Technologies & Solutions (“FORMCEPT”) in the New Product Innovation Leadership category. The Award was presented to Mr. Suresh Srinivasan and Anuj Kumar, Founders, FORMCEPT at Frost & Sullivan’s annual Growth, Innovation and Leadership Executive Congress (GIL 2014: India) at the Taj Hotel in Mumbai on 23^rd September, 2014.

Organizations across the globe operate with distributed information sources. With a diverse range of repositories, various data types, and discreet external sources of data, enterprises are finding it difficult to derive business intelligence. In order to address these issues, FORMCEPT provides a Unified Data Analysis platform that is capable of processing data more effectively and helps to reduce the development time of cognitive data-driven applications for customers. FORMCEPT’s solution has the potential to reduce time, and over 80 percent of cost organizations spend on the pre-processing stage of data before actually leveraging the benefits of application analytics.

Frost & Sullivan’s New Product Innovation Leadership award for “Data Analysis Platforms” is bestowed upon the organization that demonstrates exemplary best practices under the following major performance criteria, which were used to benchmark the New Product Innovation Leadership Award:

• Criterion 1: New Product Attributes
• Criterion 2: Customer Impact

Frost & Sullivan evaluated the key challenges in a majority of data-driven applications available in the market for enterprises and identified major solution providers in the Indian market. Analyzing the innovations from each shortlisted nomination and based on ratings for the above mentioned criteria and sub-criteria, Frost & Sullivan presented this prestigious award to FORMCEPT Technologies & Solutions, for its cutting-edge solution.

Mr. Anand S, Senior Director, Frost & Sullivan, said, “To achieve a leadership position on a newly launched product is an arduous task. The challenge is made even more difficult due to today’s competitive intensity, customer volatility, and economic uncertainty keeping in mind the difficulty of innovating in an environment of escalating challenges to intellectual property. Within this context, Frost & Sullivan is pleased to recognize FORMCEPT as the recipient of this prestigious award.”

Mr. Suresh Srinivasan, Co-founder, FORMCEPT said “It is a great honor and privilege to receive this prestigious New Product Innovation Leadership Award for “Data Analysis Platforms” from Frost & Sullivan. Our goal is to commoditize data analysis within an enterprise by simplifying data pre-processing efforts. This award indeed validates our beliefs and motivates us to work even harder to make our platform – the data analysis platform of choice in the global market.”

Lack of capability to unify various data sets often transfers unidentified data into the “dark data” repositories of an organization. This creates a huge gap in analysis as no insights can be derived from those stored data sets through the analytics application layer. Having identified the lack of a pre-processing stage in conventional data analysis platforms, FORMCEPT has uniquely positioned its hardware independent solution as one that unifies data sources through its Unified Data Analysis platform, which significantly reduce deployment cost and time for its end users.

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 organisation 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?

Contact Us:     Start the discussion
Join Us:           Join our community
Subscribe:       Newsletter on “the next big thing”
Register:         Gain access to visionary innovation

About FORMCEPT Technologies & Solutions

FORMCEPT is a Unified Data Analysis platform that helps Enterprises to get actionable insights from their data faster, thereby, significantly reducing the time taken to convert data into decisions. The platform not only reduces your entire data pre-processing time, but also help you derive insights faster using the pre-packaged processing and predictive models for textual and statistical data analysis.

FORMCEPT provides a unified interface for storing and querying datasets which supports batch processing, stream processing and interactive analysis out of the box. It is built on top of NoSQL technologies, like- HDFS, HBase for storage, systems like Map-Reduce, Spark, Shark and Storm for data processing and utilizes the power of graph database, key-value store and index store to provide a seamless experience for the end users. Customers can kick-start their “Big Data” Applications using APIs without worrying about the underlying complexity.

To know more about FORMCEPT and how it can help monetize your data, please visit www.formcept.com

Source: Business Wire India

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• -Navajivan Trust to publish ‘The Story of My Experiments with Truth’​in two more languages
• -With this, the autobiography now available in all major 17 Indian languages

Navajivan Trust, custodian and copyright holder of Mahatma Gandhi’s writings is going to publish Punjabi and Kashmiri translations of his autobiography. With this, Bapu’s autobiography will be available in all major 17 languages of India. The Punjabi edition translated by Shri Surinder Baansal will be made available on the auspicious occasion of Mahatma’s 145^th birth anniversary on coming 2^nd October. Kashmiri edition has been taken upon with help and support of Shri Ghulam Nabi Khayal and will be on the bookshelves across the country soon.

“An Autobiography or The Story of My Experiments with Truth”, Gandhiji’s autobiography, is one of the most sold titles so far in the world since its first publication in 1927. Bapu had originally written it first in form of serialized chapters in Gujarati weekly Navajivan. The English version translated by his close associate Shri Mahadev Desai was being published in Young India weekly almost simultaneously. The first edition of autobiography in the form of book compiled in two volumes was published in 1927 in both English and Gujarati. Since then, about 5, 86,000 copies of Gujarati and 19, 35,000 of English editions have been sold worldwide.

It is to be noted that with the motive of spreading Gandhian ideology and Gandhiji’s message to the world, Navajivan Trust has set a policy of selling autobiographies at subsidized prices. After the copyright term of Mahatma Gandhi ended in 2010, various other publishers have also published the said autobiography, increasing its annual average sale of one lakh copies.

Considering the importance of the book, subsequent translations in Hindi and Marathi languages were taken up in 1957 and 1965 respectively. To mark 75^th year of its consistent service to Indian readers, Navajijvan Trust decided to make the book available in all major Indian regional languages with the motto of spreading Bapu’s thoughts to every possible corner of the country. Considering the project, subsequent translations of Telugu, Tamil, Kannanda, Urdu, Bengali, Malayalam, Assamese and Oriya were published in the decade of 1990s. In the last phase of the project, Manipuri and Sanskrit translation were also made available in 2008-09. From the whole list, 6, 55,000 and 7, 10,000 copies of Tamil and Malayalam translations respectively have been sold in merely two decades. All other versions have also been sold in large numbers. The cost of any translation of autobiography is kept pocket-friendly even in higher production cost and inflationary market situations.

In addition to major Indian languages, Navajivan Trust has also permitted the translations in about 30 foreign languages covering almost all major European and Asian languages. Now, Managing Trustee Shri Vivek Desai has moved forward and has completed the aim with two more languages Punjabi and Kashmiri with help and wholehearted support of Shri Surinder Baansal and Shri Ghulam Nabi Khayal respectively. The books will have a whole different look and feel with newly made cover design and production. With this, Navajivan Trust has completed the project of making Gandhiji’s autobiography available in all major Indian languages.

Source: Business Wire India

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India Micro Small and Medium Enterprises Market Outlook to 2018 -Focus on Auto-Components and Plastic Manufacturing Segment” provides a comprehensive analysis of the market size of the India MSME Sector on the basis of its segments which includes auto components and plastic manufacturing. The report entails market size and segmentations of SME auto components and SME plastic industry. The future analysis and segmentation by various clusters and by contribution of different sectors have also been discussed. The report also provides the major growth drivers and growth constraints of SMEs in India observed over the last few years. Future outlook of this market in the country has been provided on the basis of output turnover and its dependence on the macroeconomic factors.

The MSME sector has been the mainstay of the Indian economy by providing the second largest share of employment to Indian population after agriculture. MSMEs have reduced regional imbalances by helping the industrialization of rural and backward areas. Setting up MSMEs in rural areas has helped in equitable distribution of wealth and income which has resulted in parity between urban and rural population in India. The MSME sector market size has been defined on the basis of production value of all the MSMEs in India during FY’2008-FY’2014.

The auto components industry has been one of the fastest growing segments in India’s manufacturing sector. The growth has been stimulated by the large number of SMEs operating in the auto components industry across India. The SMEs operate in various clusters which have been formed as a result of policy support provided by the government. The existence of policy support has not precisely translated into infrastructural support as SMEs have been facing numerous problems related to infrastructure, machinery, road network and electricity. The inefficient implementation of government policies has resulted in industry registering a low CAGR of ~% during FY’2008-FY’2014.

The plastic processing in India is primarily done by small scale manufacturers who operate in clusters across India. The government of India helps in the development of clusters by providing SMEs with infrastructure, technological and policy support. The domestic downstream or the plastic processing industry encompasses three broad manufacturing processes which include extrusion, injection molding, blow molding and blow molding. The plastic processing industry has been growing steadily over the period FY’2008-FY’2014 as it recorded a CAGR of ~%.

Key Topics Covered in the Report:

• Market Size of the India MSME Sector by production value, FY’2008-FY’2014.
• Market Segmentation of the India MSME Sector by Type of Industry, FY’2008-FY’2014.
• Market Segmentation of India SME Auto Components Industry on the Basis of Various Clusters, FY’2008-FY’2014.
• Market Segmentation of India SME Plastic Manufacturing Industry on the Basis of Various Clusters, FY’2008-FY’2014
• Growth Drivers and Growth Constraints of the India SME Auto Components Industry
• Growth Drivers and Growth Constraints of the SME Plastic Manufacturing Industry
• Future Outlook and Projections of the India SME Auto Components Industry on the basis of output turnover, FY’2015-FY’2019.
• Future Outlook and Projections of the India SME Plastic Manufacturing Industry on the basis of output turnover, FY’2015-FY’2019.

Read more: https://www.kenresearch.com/chemicals-materials/polymers/india-micro-small-and-medium-enterprises-market-research-report/580-101.html

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By Research News Today

Infini is a next generation intracranial stereotactic radiosurgery system manufactured by MASEP. It is characterized by its speed during treatment, high level of accuracy and its increased efficiency because of the use of only 30 cobalt sources (energy necessary for radiation emission) compared to 192 used by other machines.

Infini is a next generation intracranial stereotactic radiosurgery system manufactured by MASEP. It is characterized by its speed during treatment, high level of accuracy and its increased efficiency because of the use of only 30 cobalt sources (energy necessary for radiation emission) compared to 192 used by other machines.

Infini is approved by the FDA and has received all international accreditations for quality assurance granted by the industry. Classified as a “masterpiece,” it received Germany’s IF Design award for best medical design.

Radiosurgery is a medical procedure in which a targeted area of the brain is destroyed, obliterated or its function modified in order to improve or save the lives of patients with brain tumors (primary or metastases), arteriovenous malformations or any other functional neurological disorder.

It focuses hundreds of weak energy beams on a precise focal point where their sum total creates a large amount of energy. The process is considered minimally invasive in neurosurgery and does not require anesthesia, it is not necessary to open the cranium, and it is usually performed as an outpatient procedure.

“We have successfully treated the first 50 patients with Infini in the Americas, with surprising results for illnesses which we simply did not have a way to treat previously,” said Dr. Eduardo Lovo, neurosurgeon and Director of High-Precision Radiosurgery Unit at the International Cancer Center in El Salvador, Central America.

“The machine is not only fully automated which has allowed us to develop highly complex plans, but also its greater efficiency and lower cost have made its introduction possible in countries such as ours with major social and economic challenges,” said Lovo.

Source:: Transportation and Warehousing

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IGATE, the integrated technology and operations company, has scheduled its Earnings Conference Call on Wednesday, October 15, 2014 to discuss the results of its third quarter ended September 30, 2014. Senior management of the company will discuss the financial performance for the quarter and answer participants’ questions during the call.

The call will be webcast live on IGATE’s website (www.igate.com) in the Investor Relations page under the ‘Events’ section. Participants are requested to log in 10 minutes prior to the start of the webcast. The on-demand version of the webcast will be available on the IGATE website shortly after the call.

Investors, potential investors, shareholders and bond holders can access the telephonic replay by dialing 877-660-6853 (toll free) or 201-612-7415 (toll) and entering conference number 13591633. The telephonic replay will be available until October 29, 2014.

About IGATE

IGATE is a global leader in providing integrated technology and operations-based solutions, headquartered in Bridgewater, New Jersey. As a trusted partner to corporations in North America, Europe and Asia Pacific, IGATE provides solutions to clients’ business challenges by leveraging its technology and process capabilities, underwritten by an understanding of domain and industry imperatives. With revenues over US$ 1.2 billion, and a global employee talent capital of over 34,000, IGATE offers productized applications and platforms that provide the necessary competitive and innovation edge to clients across industries, through a combination of speed, agility and imagination. IGATE is listed on NASDAQ under the symbol IGTE.

“Safe Harbor” Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding IGATE’s business which are not historical facts are “forward-looking statements” that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see “Risk Factors” in the Company’s Annual Report or Form 10-K for the most recently ended fiscal year.

Source: Business Wire India

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Bus Rapid Transport System(BRTS) Shelters in Ahmedabad by Silicon Engineering

India, October 2, 2014 – Silicon Enginering is the leading company in offering all kinds of CAD services that is Computer Aided Design services. You all can say we are a bunch of skilled and well trained with experience of all types of engineering like architectural, structural, electrical, HVAC, mechanical, BIM, green building, civil engineering etc.

In Ahmedabad the BRTS has been put up with the cutting-edge regional transist cad design and drafting service to provide a new transist options to people who work far from their location and live at other places. It is designed by CEPT University. There is a play of Silicon for the construction of the BRTS shelters that is Structural Engineering. The shelters are were eventually constructed reflect a focus on multifunctional simplicity: backlit signage doubles as lighting at night; the passive solar design features cantilevered slabs and cross ventilation; external seating is integrated into the structure.

Silicon has done the structure of BRTS shelters in Ahmedabad Gujarat, Raipur , Naya Raipur in Chattisgarh. Silicon is now involved in the project of BRTS Shelters structure for Surat, Gujarat. Silicon has worked on the BRTS shelter for more than 150 stations.

The bus station is placed in centre of the road in separate lane that is median lane for the movement of BRTS, free from the other vehicles on road. The structure was firstly made up of fabrication steel. It is composed out of manufactured components in an intention to assemble quickly. It was deeply planned in a good way that to the uncertain ridership in undeveloped areas. The galavalium iron roofings were installed with light weight structures. But this kind of design was considered of materialistic underlyings as there was leaking roofings etc. So atlast they decided to design a facet with a RCC structure.

The BRTS shelters are built in an innovative way on the each bus station with the two entrance and with the two exit ways. There are ticket counters on the way to entrance. Inside the shelter there is a digital displays showing the next bus arrival times. There are lean rails and wooden rail benches for people to hang around or to wait and relax for time being. Substantial lighting is done in the shelters.

Silicon serve an engineering service in Drafting & planning a building & non building structure. We are the team of engineer’s giving the CAD designing administration. Our drafters and designers are highly skilled and undoubtedly comprehend the customer prerequisite. Our Engineer’s, drafter’s and designer’s assist of most recent advances as result can give time bound and high quality CAD outsourcing services. We are the one stop solution for any sort of CAD Services. Our team and professional is committed, flexible and dedicated to high quality cad services to ensure the client satisfaction which help us to maintain long term business relationship. Our management is so power full as our drafters & designers are avalible 24 x 7 for your support. For more information you can contact us.

For Further Information Contact:

Contact : Silicon Engineering

USA : +1 -408-216-7636
UK : + 44-208-819-5832
Aus : + 0061-283-073-843

315, Patel Avenue
Opp. Grand Bagawati, S G Road
Ahmadabad-380059, INDIA

Email:info@cadoutsourcing.net

URL : www.cadoutsourcing.net

Fax : +91-79-40037884

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According to a new CA Technologies global study conducted by Vanson Bourne, “TechInsights Report: The Changing Role of IT and What to Do About It”, Indian IT leaders are investing 65% of their IT budget in delivering new services. As software-driven business transformation becomes the norm, and businesses use new applications to engage their employees and customers, this trend is expected to continue, and accelerate, in the years to come.

The survey findings show that the top trends impacting IT in India today are Cloud Computing (53%), DevOps (53%) and Big Data (33%). With the focus on innovation, 71% of India Inc’s top management considers IT to be fundamental to the organization’s success or very strategically important, compared to 51% in the United States. The survey also reveals that 92% of the top IT executives in India report to the CEO or the most senior officer in the organization.

Commenting on the study findings, Sunil Manglore, managing director, CA Technologies India said: “Today, every business is technology driven. Customers are demanding new applications and a different experience, and employees require new tools to succeed and be productive. This is compelling CIOs to evolve the role of IT. Hence, the need of the hour for Indian CIOs is to become senior advisors and business enablers that leverage new technologies to win in this new business landscape.”

The way technology is seen, purchased, used and deployed across enterprises is changing. In India, 55% of IT spend is happening outside the IT department. This is the highest percentage in the world of company-wide IT spending controlled by other lines of business. The consequences for IT leaders are enormous as they must influence and guide and not just manage a corporation’s IT investments. As such, IT leaders must increase their IT interactions with lines of business from the current levels which are encouraging: 39% act as a service broker and advise the business on recommended vendors while 13% act as a consultant to the business.

Other notable findings in India include:

• 89% of respondents in India anticipate further changes in the roles of IT in their organization over the next five years, compared to just 42%  in the United States.
• 49% of respondents list ensuring the organization’s critical data is secure as their primary role
• 52% of IT leaders say more training on new technologies like Cloud, DevOps and Big Data are needed to leverage these technologies for the business

Survey Methodology

Vanson Bourne conducted the CA Technologies-sponsored study of 1,300 senior IT leaders in six Asia-Pacific countries (Australia, China, India, Japan, Singapore and South Korea) and 15 other countries around the world in May through July 2013. The study’s respondents assume IT executive, management, project lead or enterprise architect positions at enterprises with revenues of $100 million or more.

For more information on the research and to download the whitepaper, visit here.

Click here to access an infographic on the survey findings.

About CA Technologies

CA Technologies (NASDAQ:CA) creates software that fuels transformation for companies and enables them to seize the opportunities of the application economy. Software is at the heart of every business in every industry. From planning, to development, to management and security, CA is working with companies worldwide to change the way we live, transact, and communicate – across mobile, private and public cloud, distributed and mainframe environments. Learn more at www.ca.com.

Follow CA Technologies

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Copyright © 2014 CA. All Rights Reserved. All trademarks, trade names, service marks, and logos referenced herein belong to their respective companies.

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JVC Americas Corp. and Kenwood U.S.A. Corporation, subsidiaries of Japan-based JVCKENWOOD Corporation, have merged to form a single subsidiary, JVCKENWOOD USA Corporation. The merger, effective today, is part of a global integration strategy initiated by JVCKENWOOD Corporation in 2012.

The merger completes a process that was first announced in April, and is designed to enhance operating efficiencies and spur innovation throughout the company. The two entities will consolidate their business and financial resources under the new company.

Commenting on the merger, Kazuhiro Aigami, President, JVCKENWOOD USA Corporation “The merger of our two companies will accelerate innovation across all divisions by the sharing of technologies and expertise, and will provide efficiencies in logistics and back office operations. This has been carefully planned and executed to drive innovation and growth within the Kenwood and JVC brands and their respective product divisions.”

JVC and Kenwood will remain as two distinct brands in their respective user markets and sales channels for each brand. JVC and Kenwood sales and marketing of Car Electronics are already located in Long Beach, California. Sales and marketing of Communications and Security will be located in Suwanee, Georgia. Sales and marketing of Audio and Video products and Professional camera will remain in Wayne, New Jersey. JVCKENWOOD USA headquarters will be located in Long Beach, California.

When two successful companies join together, the result is a combined organization that creates new and exciting opportunities. The combination will lead to powerful new areas of innovation, products and solutions, for consumer and enterprise markets.

About JVCKENWOOD USA Corporation

JVCKENWOOD USA Corporation is a wholly-owned subsidiary of JVCKENWOOD Corporation and is a leading developer of imaging, home and car entertainment and navigation products for the consumer market, and two-way radio communications systems for public safety, private industry and amateur users and video equipment for the broadcast and professional markets. For detailed information, call JVCKENWOOD USA at 1-800-950-5005 or visit us at http://us.jvckenwood.com, www.kenwoodusa.com and www.jvc.com.

Source: Business Wire India

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One of the most awaited commercial properties, ‘Prime Towers’ from the realty major, DLF is all set to give its customers a premium address in the heart of South Delhi. The building is fully approved and DLF has commenced giving possession of shops and offices. Many buyers have also begun their interior fit-outs.

Project Details

• 1.92 Hectares  with 70% open space
• 57,500 square meters (approx.) built-up area
• Ground + 8 Floors
• Ground Floor for Retail & Offices
• First to Eighth floor for Offices
• Flexible sizes : 204 square meters to 687 square meters approx.

‘Prime Towers’ a well-planned commercial complex is suitable for end users and investment for small, medium and large corporate offices, sales & marketing set ups, call centres, financial institutions, law & CA firms, retail brands, F & B outlets and much more.

Mr. Mohit Gujral, Chairman and Managing Director, DLF Universal Ltd. said, “We are delighted to announce the possession of Prime Towers, Okhla during the festive season. It offers a perfect opportunity for those who are looking at expanding or relocating their business in Delhi. Steep hike in commercial property prices, scarcity of space and parking problems are  few of the major issues which have forced MNC’s and other corporate offices to move out of Delhi and set up their offices elsewhere. Prime Towers, located in the heart of south Delhi is the perfect solution to all these obstacles”.

Prime Towers is located in Okhla -Phase 1, in the vicinity of hotel ‘Crowne Plaza”. With its proximity to business districts like Jasola, Mohan Cooperative Industrial Estate, Nehru Place, Bhikaji Cama Place, Saket and retail hubs like Central market- Lajpat Nagar and M-block market- GK II, ‘Prime Towers’ is sure to be bustling with energy soon. Tucked away from the usual traffic, parking and infrastructural woes, with additional benefits of Metro connectivity, Prime Towers is one of the brightest stars on Delhi’s corporate skyline.

Photo Caption: DLF Prime Towers ‘Prime Towers’ a well-planned commercial complex in heart of South Delhi

Source: Business Wire India

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By Research News Today

Net revenues grew one percent on both a reported and constant-currency basis. Increased sales from the company’s global retail network were partially offset by lower sales at wholesale in the Americas. Third quarter net income declined to $51 million reflecting charges associated with the company’s global productivity initiative. Adjusted EBIT declined two percent to $119 million reflecting a lower gross margin and increased advertising investment, partially offset by savings realized from the initiative.

“Despite continued external challenges, including soft retail traffic and a highly-promotional environment, we grew revenue in the third quarter by focusing on the controllable aspects of the business. The decline in net income essentially reflects the investments we’re making to improve productivity,” said Chip Bergh, president and chief executive officer. “As we enter the fourth quarter, we remain confident in our ability to grow sales and adjusted EBIT this year, as we continue to focus on driving retail conversion, engaging with consumers globally with our Live in Levi’s® campaign, and improving the structural economics of our business.”

Third-Quarter 2014 Highlights

Gross profit in the third quarter declined to $562 million compared with $573 million for the same quarter of 2013. Gross margin for the third quarter declined to 48.7 percent of revenues compared with 50.2 percent of revenues in the same quarter of 2013. The gross margin decline was primarily due to higher product costs and an increase in discounted sales across channels, reflecting a promotional retail environment and efforts to manage high inventory levels.
Selling, general and administrative expenses (SG&A) for the third quarter of $455 million were flat compared with the same quarter of 2013. Increased advertising investment and consulting fees primarily related to centrally-led cost-savings and procurement projects associated with the company’s global productivity initiative were offset by SG&A savings realized from the initiative and a decline in incentive compensation expense.
Operating income of $105 million in the third quarter was down from $118 million in the same quarter of 2013 primarily due to the lower gross margin. Increased advertising investment and the charges associated with the company’s global productivity initiative were partially offset by savings realized from the initiative.
Adjusted EBIT, which excludes the charges associated with the company’s global productivity initiative, was $119 million, a decline of two percent compared with the same quarter of 2013. A reconciliation of Adjusted EBIT is provided at the end of this press release.

Net revenues in the Americas declined primarily due to lower sales of women’s products at wholesale. Operating income declined due to the region’s lower net revenues. A decline in gross margin was offset by lower SG&A.
In Europe, net revenues and operating income growth resulted from performance and expansion of the company-operated retail network and higher gross margins.
In Asia, net revenues grew in the company-operated retail network and at wholesale, primarily driven by price-promotional activity. Operating income declined due to the region’s lower gross margin, reflecting the highly-promotional environment.

Cash Flow and Balance Sheet

At August 24, 2014, cash and cash equivalents of $367 million were complemented by $606 million available under the company’s revolving credit facility, resulting in a total liquidity position of approximately $1.0 billion. Net debt at the end of the third quarter remained less than $1.1 billion. Free cash flow through the third quarter of 2014 was $4 million. The company has revised its estimate of capital expenditures for 2014, which it now projects will be in the range of $80 – $90 million.

Global Productivity Initiative

Restructuring and related charges associated with the company’s global productivity initiative primarily reflect severance benefit costs, pension plan curtailment gains and losses, other expenses associated with staffing reductions, and consulting fees primarily related to centrally-led cost-savings and procurement projects. Actions taken through the first nine months of 2014 for the global productivity initiative have resulted in aggregate restructuring and related charges of $103 million, and are expected to deliver net annualized savings of $100 – $125 million. The company anticipates that it will incur additional restructuring charges in the fourth quarter of 2014 related to the global productivity initiative. Cash payments for these additional charges are not expected to be made in the fourth quarter of 2014.

The company expects additional savings in future periods to come from streamlining its product development, planning and go-to-market strategies, implementing efficiencies across its supply chain and distribution network, adopting lower-cost service-delivery models and continuing to pursue improved procurement practices.

Source: http://www.retail-business-review.com/news/levi-strauss-co-announces-third-quarter-2014-financial-results-071014-4396335

Source:: Consumer Products and Retail

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By Research News Today

The Company reported a 38.7% increase in adjusted net income of $5.1 million or $0.11 per adjusted diluted common share compared to $3.7 million or $0.08 per adjusted diluted common share for the second quarter of fiscal 2013. Net sales were $193.2 million, up 5.2% as compared to the second quarter of fiscal 2013. Company comparable store sales for the second quarter were down 0.4%.

“Our gross margin is strong, our SG&A expense management is strong, and we continued to achieve increased average ticket growth. We’re pleased that this, combined with our new store growth, helped drive our earnings performance with a 38.7% increase in adjusted net income, despite sluggish comparable store sales. We have maintained our pricing integrity in an increasingly promotional retail environment,” said Kip Tindell, Chairman and Chief Executive Officer. “We are very excited about our new store growth, with three more openings ahead of us this year. Our targeted annual 12% minimum square footage growth is among the fastest growth rates in the retail industry. We are encouraged by the prospects of our three major initiatives to help drive deeper engagement with our omni-channel customer and to increase traffic and average ticket — POP! TM, Contained Home TM and TCS Closets TM. TCS Closets is without a doubt the most significant merchandising initiative in our history, leveraging our core competency of high service sales of exclusive, solutions-based products and systems.”

TCS Closets TM: The Company is preparing for the pilot launch of TCS Closets — its new, exclusive collection of solid, custom-built solutions crafted from the highest quality materials and with a variety of choices in wood grain finishes and extras including lighting, glass doors and innovative storage options for shoes, jewelry and handbags. TCS Closets is planned to launch in seven stores in the Dallas/Fort Worth market beginning in November and includes services in its stores from the retailer’s expert salespeople, and in the home from the Contained Home Organizers and Installation Service professionals. TCS Closets is planned to roll out to the remaining stores by the end of 2015.

The Company stated that it believes the average ticket on an average master TCS Closet will greatly exceed its day-to-day, $60 average ticket and be much more than the $2,000 average ticket its Contained Home service has experienced to date. Therefore, the Company believes TCS Closets will contribute meaningfully to comparable store sales increases in the longer term.
POP! Perfectly Organized Perks®: The Container Store’s new customer frequency program has reached almost one million customer enrollments since launching in all stores in July. Approximately 50 percent of store sales are now coming from “POP! Stars TM.”
Contained Home TM (previously called ATHOME): The Company’s in-home, customized design and organization service is currently available in Dallas, Houston, Austin, Manhattan and Los Angeles, with plans to rollout in Washington DC this month and in Denver and San Antonio in November. The service is expected to be available in all stores by the end of 2015. The Company is encouraged by the service’s average ticket to date of $2,000.

The Company has opened five new stores this fiscal year (including one store relocation), with three more planned to achieve its targeted 12% minimum square footage growth in fiscal 2014:

Salt Lake City area in Murray, UT (Fashion Place Mall) (Opening October 18th)
Chicago, IL (South Loop — in the Roosevelt Collection) (Opening November 15th)
Phoenix area in Glendale, AZ (Arrowhead Towne Center) (Opening February 7, 2015)

Tindell added, “As we move into the second half of the year, we are well positioned and well invested in the infrastructure to support our increasing omni-channel customer base. We continue to be encouraged as we move closer to our important fourth quarter where we’ll be comping against last year’s weather, which impacted traffic and sales more than at any time in our history. Historically, over 60 percent of our net income has been derived in the fourth quarter and we expect it to derive approximately 70 percent of our reported net income this year. We’ll continue to maximize every customer interaction while also focusing on the long-term health and growth opportunities of our business, as well as on our beloved employees and culture.”

Second Quarter 2014 Results

For the second quarter (thirteen weeks) ended August 30, 2014, on a consolidated basis:

Net sales were $193.2 million, up 5.2% as compared to the second quarter of fiscal 2013. Net sales in The Container Store retail business were $174.8 million, up 5.7% as compared to the second quarter of fiscal 2013, primarily due to new store sales. This more than offset the comparable store sales operating measure decline of 0.4%. Elfa’s third party net sales increased by 3.7% in Swedish krona; however due to the depreciation of the Swedish krona against the US dollar, Elfa’s third party net sales in US dollars declined slightly by 0.1%.
Gross margin was 58.8%, an increase of 40 basis points compared to the second quarter of fiscal 2013, as increased margins in non-elfa® departments were partially offset by lower margins in elfa® branded products during the second quarter at The Container Store retail business. This improvement in gross margin at The Container Store retail business more than offset a decline in the Elfa segment gross margin, which was due to a shift in sales mix.

Selling, general and administrative expenses (“SG&A”) increased by 5.5% to $90.5 million from $85.8 million in the second quarter of fiscal 2013. SG&A as a percentage of net sales increased 10 basis points primarily due to ongoing costs incurred related to becoming a public company, as well as implementation of strategic initiatives.

The Company ended the second quarter with 67 stores in 24 states and the District of Columbia. The Company opened one new store and relocated one store in each of the second quarters of fiscal 2014 and fiscal 2013.
Net interest expense decreased to $4.4 million from $5.5 million in the second quarter of fiscal 2013.
The effective tax rate for the second quarter of fiscal 2014 was 17.5%, as compared to 30.5% in the second quarter of fiscal 2013. The decrease in the effective tax rate was primarily due to a $1.8 million reduction in tax expense recorded in fiscal 2014 primarily related to an expected refund of tax paid in a prior period, partially offset by a shift in the mix of projected domestic and foreign earnings.

For the year-to-date (twenty-six weeks) ended August 30, 2014, on a consolidated basis:

Net sales were $366.7 million, up 6.8% as compared to year-to-date fiscal 2013. Net sales in The Container Store retail business were $324.5 million, up 7.2% as compared to year-to-date fiscal 2013. The increase in net sales was driven by new store sales and the extension of Our Annual elfa® Sale in the fourth quarter of fiscal 2013, which led to an increase in merchandise delivered to customers during the first half of fiscal 2014 as compared to the first half of fiscal 2013. This more than offset the comparable store sales operating measure decline of 0.6%. Elfa’s third party net sales increased by 5.5% in Swedish krona; however, due to the depreciation of the Swedish krona against the US dollar, Elfa’s third party net sales in US dollars increased 3.7%.
Gross margin was 58.5%, an increase of 10 basis points compared to year-to-date fiscal 2013. The improvement in gross margin was primarily due to a higher percentage of net sales coming from our higher gross margin The Container Store retail business.
Selling, general and administrative expenses (“SG&A”) increased by 7.3% to $181.7 million from $169.3 million in year-to-date fiscal 2013. SG&A as a percentage of net sales increased 30 basis points primarily due to ongoing costs incurred related to becoming a public company, as well as preparation for future growth and implementation of strategic initiatives.

Net interest expense decreased to $8.7 million from $11.1 million in year-to-date fiscal 2013.

The effective tax rate was (15.5%), as compared to 24.0% in year-to-date fiscal 2013. The decrease in the effective tax rate was primarily due to a $1.8 million reduction in tax expense recorded in fiscal 2014 primarily related to an expected refund of tax paid in a prior period partially offset by the impact of an increase in pre-tax earnings from fiscal 2013 to fiscal 2014 and a change in mix between projected domestic and foreign earnings.

Balance sheet highlights as of August 30, 2014:

Cash: $15.3 million
Total debt: $366.0 million
Total liquidity (cash plus availability on revolving credit facilities of $58.1 million): $73.4 million

Outlook

The Company is updating its annual fiscal 2014 guidance as follows:

Full fiscal 2014 consolidated net sales are expected to be $800 to $810 million based on announced store openings and an estimated increase in comparable store sales of flat to slightly positive. Net income is expected to be $0.52 to $0.57 per diluted common share based on estimated diluted common shares outstanding of 49 million.

Included in this outlook is a $3.3 million non-taxable gain on the sale of an Elfa subsidiary, whose principal asset was a building, which the Company will record in the third quarter of this year. Due to the non-taxable nature of this entity sale and the tax benefit the Company recorded in the second quarter of 2014, the Company expects its tax rate for the full fiscal year 2014 on a GAAP basis to be approximately 30%, or 38% on an adjusted basis. Adjusting for these items, adjusted net income is expected to be $0.41 to $0.46 per diluted common share based on estimated diluted common shares outstanding of 49 million. Adjusted EBITDA is expected to be $95 to $99 million.

The Company also expects comparable store sales to be flat to down low single digits in the third quarter of fiscal 2014, and to increase in the low to mid-single digit range in the fourth quarter of fiscal 2014.

Source: http://www.retail-business-review.com/news/the-container-store-announces-second-quarter-2014-financial-results-071014-4396203

Source:: Consumer Products and Retail

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By Research News Today

This new experience makes art and collectibles accessible to the broadest possible audience and offers a fresh, modern way to discover, browse and buy premium pieces online.

eBay’s live auctions provide virtual entrance to auction house salerooms from anywhere in the world, and eBay’s 149 million active buyers now have the same access to auction merchandise as those bidding in person on the auction room floor. Inventory is sold directly by hundreds of world class traditional auction houses, including premier partners such as Doyle New York, Freeman’s, Garth’s Auctions and Swann Auction Galleries. All items are backed by the eBay Money Back Guarantee.

“Through the launch of live auctions, eBay is reimagining the time-honored auction house experience,” said Gene Cook, general manager of emerging verticals for eBay Marketplaces. “We know that people want new ways to peruse and purchase fine art and collectibles, and eBay’s live auctions are a best-in-class, inspiring shopping experience that delivers on this at a variety of price points.”

eBay’s live auctions are launching in partnership with Invaluable, the market leader in online live auctions for fine art and collectibles. The new experience utilizes Invaluable’s online bidding technology and other software solutions to bring billions of dollars of one-of-a-kind live auction merchandise to eBay.

“Invaluable is committed to rapidly scaling the live auction industry and making unique, premier artwork, antiques and collectibles available to online bidders through our strong relationships with auction houses around the world,” said Rob Weisberg, Invaluable CEO. “We’re excited to be working with eBay to make it even easier for shoppers, collectors and dealers to have access to the incredible merchandise only available through the world’s premier auction houses, right at their fingertips.”

Starting today, shoppers can preview catalogs and sign up for upcoming sales. Users can then bid at individual events. In addition, users can also enter absentee bids prior to an event for added convenience.

Among the first events eBay users will be able to participate in include:

10/9 African-American Fine Art – hosted by Swann Auction Galleries

10/14 Rare & Important Travel Posters – hosted by Swann Auction Galleries

10/15 English & Continental Furniture & Decorations/Old Master Paintings – hosted by Doyle New York

10/16 Books, Maps and Manuscripts – hosted by Freeman’s

10/17 Fine Photographs: Icons & Images – hosted by Swann Auction Galleries

10/21 Early Printed, Medical & Scientific Books – hosted by Swann Auction Galleries

10/21 Important Jewelry – hosted by Doyle New York

As previously announced, eBay has also partnered with the iconic international art business and auctioneer, Sotheby’s, to be the anchor tenant of the new live auctions experience. In the coming months, eBay will begin to offer a number of live auctions that are taking place at Sotheby’s headquarters in New York. The Sotheby’s auctions will present 18 collecting categories. The two companies are exploring themed and time-based sales, as well as live auctions from Sotheby’s other global salesrooms.

Source: http://multichannelandonlineretailing.retail-business-review.com/news/ebay-launches-live-auctions-for-premium-art-and-collectibles-071014-4396345

Source:: Consumer Products and Retail

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By Research News Today

The retailer intends to list its shares on the London Stock Exchange, in an initial public offering, valuing the company at around $1bn.

The proceeds will be used to help it expand in Asia and other new markets. The sale is expected to close on 16 October, reports Bloomberg citing a person with knowledge of the matter.

The maker of $1,995 Lust peep-toe sandals, which was acquired by private-equity investors three times before being bought by JAB in 2011, sells women’s and men’s shoes, handbags and accessories in more than 100 stores worldwide.

In its listing announcement, Jimmy Choo said that it plans to open 10-15 shops a year until 2016.

The company said it would look at franchise opportunities in Latin America and Eastern Europe. Also, it is looking to strengthen its presence in Asia and other new markets.

Source: http://apparelaccessoriesluxurygoods.retail-business-review.com/news/jimmy-choo-seeks-to-raise-175m-in-london-ipo-071014-4395393

Source:: Consumer Products and Retail

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By Research News Today

The Financial Conduct Authority has notified Tesco that it has commenced a full investigation following the overstatement of expected profit for the half year.

Tesco said that the guidance issued on 29 August for the group profits for the six months was overstated by an estimated £250m. The amount equates to almost a quarter of its expected profit for the period.

According to the retailer, during its final preparations for the forthcoming interim results, it identified the overstatement was principally due to the accelerated recognition of commercial income and delayed accrual of costs.

Following this, Tesco has suspended four executives, including its most senior UK managing director, Chris Bush.

The supermarket giant has issued four shock profit warnings this year and the additional £250m accounting scandal has made matters worse for the retailer.

Meanwhile, Tesco has commissioned Deloitte to review the issues and is also working closely with Freshfields, its legal advisers.

Source: http://hypermarketsandsupermarkets.retail-business-review.com/news/uks-financial-watchdog-to-probe-tesco-over-accounting-scandal-031014-4393151

Source:: Consumer Products and Retail

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