OHERALDO
pg10:Pg12 5/16/2011 11:22 PM Page 1
BIZ
Pg10
GOA, TUESDAY, 17 MAY, 2011
United Bank selects Cisco, Wipro to deploy WAN solution AGENCIES NEW DELHI, MAY 16
Cisco today announced that United Bank of India, one of India’s leading nationalised banks, has chosen to deploy Cisco’s wide area network optimisation solution across all of its 1,600 plus branches. The so-
! $
# #
'-/1 $,#$/ -1("$ ,&& # 1$# (,3(1$0 $,#$/ %/-+ *(&(!*$ -,1/ "1-/0 * 00 4'- /$ /$&(01$/$# (, 1'(0 2,("(. * -2,"(* ,1$/$01$# -,1/ "1-/0 + 5 )(,#*5 /$%$/ 1'(0 "-2,"(* -1("$ - /# %-/ #$1 (*0 6 6 6 6 6
!#
#
# "
01 # 1$ -% /$"$(.1 -% ..*(" 1(-, 01 # 1$ -% /$"$(.1 -% . 5+$,1 2.101 # 1$ %-/ (002$ -% !* ,) 1$,#$/ %-/+ 1$ -% 02!+(00(-, -% %(**$# 2. 1$,#$/ #-"2+$,10 2. 1.+ 1$ -% -.$,(,& -% 1$,#$/ 1 .+
.+
#31
lution, to be deployed by Wipro, is amongst the largest globally, for any Public Sector Bank. Underscoring its transformative role, the network will help enable UBI’s vision of providing the benefits of banking to rural and agricultural economies, and to India’s burgeoning small and mediumsized enterprise sector. The solution will include 1,600 plus Cisco® Wide Area Application Services (WAAS) devices, Cisco’s comprehensive WAN optimisation solution, in addition to application accelerators for the data centre and disaster recovery sites. Cisco emerged as the preferred vendor based on the excellent results delivered by the proof of concept set up by Cisco at various remote branches for UBI. Commenting on this deployment, Bhaskar Sen, Chairman and Managing Director, United Bank of India, said “We are extremely satisfied with the proof of concept done by Cisco, which resulted in significant benefits at the remote locations. With the final deployment, we are confident of being able to better communicate and collaborate with our remote
1!,".+ #,$ )% 1 1!& , . (!+!#(!6!$! 1!,".+ %1-%, .! #,$ #,$ (. ++ . . (%
++'$ ).
# -#$& ). !,& , $% 1 !,& , )" ' $ !,& , %1) %1-%, .! //.-%-32
3(% -.3)#% 6%1% 2%-3 3. 3(% ./ /.-%-32 "8 3(% -.3)#%2 )224%$ (!5% "%%- 1%341-%$ "!#* 6)3( 3(% .23!+ %-$.12%,%-3 : !138 7/)1%$; 3(% !//+)#!-3 (!2 ,!$% !- !/ /+)#!3).- 3. 3()2 #.413 $!3%$ 24",)3 3)-' 3(!3 (% )2 -.3 !6!1% !".43 3(% -!,%2 !-$ !$$1%22%2 .& 3(% +%'!+ (%)12 .& .//.-%-3 )& !-8 !-$ /1!8%$ 3(!3 3(%8 "% 2%15%$ "8 6!8 .& /4"+) #!3).!&3%1 #.-2)$%1)-' 3(% /1!8%1 1%04%23 .& 3(% !//+)#!-3 (!5% #.,% 3. 3(% #.#+42).- 3(!3 3()2 )2 &)3 #!2% &.1 /4"+)2()-' 3(% -. 3)#% )- $!)+8 +.#!+ -%62/!/%1 .4 !1% (%1%"8 24,,.-%$ 3. !//%!1 )- 3()2 .413 !3 %1-%, )- %12.- .1 "8 $4+8 !43(.1)9%$ !'%-3 .- 3(% $!8 .& 4-% !3 / , 3. !-26%1 3(% #+!), !-$ !2 3(% $!8 &)7%$ &.1 8.41 !//%!1!-#% )2 !//.)-3%$ &.1 3(% &)-!+ $)2/.2!+ .& 3(% !//+)#!3).- 8.4 ,423 "% /1% /!1%$ 3. /1.$4#% .- 3(!3 $!8 !++ 3(% 6)3-%22%2 4/.- 6(.2% %5)$%-#% !-$ !++ 3(% $.#4,%-32 4/.- 6()#( 8.4 )-3%-$ 3. 1%+8 )- 24//.13 .& 8.41 $%&%-2% !*% -.3)#% 3(!3 )- $%&!4+3 .& 8.41 !//%!1!-#% !2 !&.1%2!)$ .- 3(% $!3% !-$ 3),% ,%-3).-%$ !".5% 3(% !//+)#!3).- 6)++ "% (%!1$ !-$ $%3%1 ,)-%$ )- 8.41 !"2%-#% )5%- 4-$%1 ,8 (!-$ !-$ 2%!+ .& 3(% .413 .3()2 3( $!8 .& /1)+
#/-# )
$
0 $& ,
!,+!3$!1 .& %1-%, !+4*! %1-%, .!
Sensex dips 186 pts PTI MUMBAI, MAY 16
The BSE Sensex dipped 186 points to 18,345 today following the steep rise in petrol prices, fuelling investor concerns that it would fan inflation and lead to further hike in interest rates that have already been hitting corporate margins. Brokers said investors were also apprehensive that diesel rates, likely to be revised upwards within a few days, may be steep and add to inflationary pressures even more. Although overall inflation slipped marginally during April, it is still high for comfort, they said. Moderation in prices of food and manufactured items brought inflation marginally down to 8.66 per cent during the month, but experts have said that fuel rate hikes will impact overall prices in the near future.
‘Budgam IT park will create job opportunity’ PTI SRINAGAR, MAY 16
++*)!).-
3(% !".5% -!,%$ !//+)#!-3 (!2 &)+%$ !- !//+)#!3).- $!3%$ 4-$%1 2%#3)..& .! !,!- )4 '1)#4+341!+ %-!-#8 #3
! '
branches, effectively serve our customers with minimal turnaround time and leverage Cisco’s superior video capabilities to bring down travel costs. This is a step forward in strengthening our position of being a preferred bank for our customers through a process of continuous improvement.” “Core banking is extremely critical to the well-being of any bank. Even though UBI had previously deployed core banking facilities, there were several latency issues as applications got added on and there remained a tremendous scope for improvement. I am happy to say that this deployment, which is one of the largest the industry has seen, will be a reference site of significant importance in the Indian financial industry and will pave the way for many similar projects,” said Naresh Wadhwa, president and country manager, Cisco – India & SAARC region. Vikas Srivastava, Vice President, Infrastructure Technology Solutions, Wipro said “We are delighted to have been selected by UBI Bank for deploying the WAN optimisation solution for all its branches
Aban Offshor, 601, 601, 590, 594.25 Abb Ltd., 855.15, 862.9, 853.3, 859.85 Abg Shipyard, 363, 364.8, 358.25, 361.95 Acc Limited, 994, 1016.4, 985.15, 1000.45 Adani Enterp, 636.85, 640.05, 631, 635.05 Aditya Birla, 820.5, 825.95, 805.85, 809.15 Allahabad Ba, 195.25, 197.5, 192.1, 193.9 Alstom Proje, 580.7, 588, 574, 575.95 Ambuja Cemen, 137, 140.15, 136.3, 139.3 Andhra Bank, 140.35, 141.85, 139, 139.6 Ashok Leylan, 50, 50, 48.5, 49.25 Asian Paints, 2774.95, 2820, 2759.9, 2793.5 Axis Bank Li, 1241.6, 1241.6, 1218.2, 1224.4 Bajaj Hindus, 69.55, 69.65, 67.55, 68.65 Bank Of Baro, 882, 908, 874, 900.5 Bank Of Indi, 395, 397.7, 389, 393.4 Beml Limited, 662.05, 662.65, 648.05, 652.15 Bharat Elect, 1718.9, 1735, 1702, 1719.6 Bharat Forge, 344.05, 344.05, 330.25, 331.35 Bharat Petro, 675, 680.6, 644.95, 652.35 Bharti Airte, 368, 374.95, 364.7, 371.2
Bhel, 2040, 2064.2, 2025.2, 2050.85 Bhushan Stee, 457, 457, 437.7, 441.95 Biocon Limit, 359.95, 363.35, 356.65, 360.85 Bombay Dyein, 342.7, 346.15, 340.1, 342.15 Bosch Limite, 6708, 6825, 6650, 6719.9 Brigade Ente, 90.7, 90.7, 87.75, 89 Cairn India, 341.7, 341.7, 334, 334.95 Canara Bank, 569.9, 569.9, 552.65, 554.65 Central Bank, 126, 127.25, 125.4, 126.25 Century Text, 326.6, 332, 323, 325.6 Cesc Ltd, 289.9, 292.9, 280.25, 281.5 Chambal Fert, 81, 82.65, 80.1, 80.3 Chennai Petr, 220.8, 223, 215.05, 219.6 Cipla Ltd, 309.3, 309.7, 302.2, 304.3 Colgate Palm, 920, 924.9, 908.05, 917.8 Container Co, 1124.6, 1124.9, 1101, 1105.45 Crompton Gre, 241.85, 247.85, 240, 246.95 Cummins Indi, 711, 720.95, 703.5, 711.6 Dabur India, 99.5, 101.2, 98.8, 100.2 Deccan Chron, 77.7, 78.55, 73.4, 75.9 Dish Tv Indi, 67.6, 69.9, 67.45, 68.6
Jammu and Kashmir government is hopeful that the upcoming Information Technology (IT) Park in central Kashmir’s Budgam district will create job opportunity for 10,000 IT professionals in the state. The proposed IT Park, coming up at Ompora in Budgam – 12 kms from here, would create jobs for 10,000 IT professionals, Minister for Information and Science Technology Aga Syed Ruhullah said at a function here yesterday. Ruhullah, who was addressing a seminar on “Microsoft DreamSpark Yatra-2011” held at Kashmir University, said the state government is exploring the possibilities in information technology sector in the State. The function was organised by Microsoft Student Partners, Kashmir Chapter, with the aim of creating awareness about latest programming design tools and technologies available in global market.
Divi’s Labor, 708.95, 714, 703.05, 707.9 Dlf Limited, 231.3, 232, 225.1, 226.2 Dr. reddy’s, 1645.1, 1675, 1601.6, 1618.5 Edelweiss Ca, 33.1, 34.3, 30.05, 33.9 Educomp Solu, 439, 440.95, 430, 431 Eih Limited, 87, 87, 83.4, 83.85 Engineers In, 286, 286.8, 282.15, 282.75 Essar Oil Lt, 129.6, 131.75, 127.25, 127.9 Essar Shippi, 98.85, 100.05, 92.65, 93.4 Exide Indust, 162.7, 163.3, 157.15, 158 Federal Bank, 437.95, 444.5, 435.7, 441.25 Financial Te, 837.5, 851, 827.25, 832.4 Gail (india), 459, 460, 450.1, 452.15 Gammon India, 106.8, 106.8, 104.35, 104.85 Glaxosmithkl, 2350, 2375, 2300, 2372.2 Glenmark Pha, 299.75, 327.8, 291.45, 306.1 Gmr Infrastr, 37.5, 37.75, 36.45, 36.75 Godrej Indus, 193, 194.5, 186.1, 188.8 Grasim Indus, 2370, 2370, 2305, 2322.65 Great Offsho, 231.55, 236.3, 227.1, 230.5 Gtl Infra.Lt, 34.8, 35.45, 34.15, 35.25 Gujarat Mine, 136.25, 137.9, 136.05, 137 Gujarat N R, 49.75, 50.6, 48.4, 49
Gujarat Stat, 105.2, 105.85, 101.05, 101.65 Gvk Pow. & I, 23.25, 23.5, 23.05, 23.3 Hcl Technolo, 504, 505.3, 497.6, 499.6 Hdfc Bank Lt, 2245, 2266.1, 2236.3, 2253.05 Hdfc Ltd, 646, 646.2, 632, 634 Hero Honda M, 1778, 1880, 1763.05, 1862.85 Hindalco in, 197.4, 198.4, 192.5, 194.9 Hindustan Co, 32.6, 33.1, 32.1, 32.15 Hindustan Ma, 60, 60.65, 59.35, 59.6 Hindustan Pe, 402, 405.95, 375.1, 381.8 Hindustan Un, 306, 310.45, 301.25, 304.35 Hindustan Zi, 131, 132.2, 128.65, 129.2 Housing Dev, 160, 163.2, 156.65, 160.7 Icici Bank L, 1063.5, 1066.8, 1055, 1057.75 Idea Cellula, 66.25, 68.4, 66.25, 67.1 Ifci Ltd, 49.75, 49.75, 49, 49.15 India Cement, 88.75, 89.55, 87, 87.35 India Infoli, 78, 78.75, 74.4, 76 Indiabulls F, 154.55, 161.2, 150.35, 159.7 Indiabulls R, 117.2, 117.6, 112.6, 113.05 Indian Bank, 230.3, 232, 227.75, 230.35 Indian Hotel, 82.3, 82.8, 80.75, 81.4 Indian Oil C, 349.9, 359.7, 339.05, 340.9
across the country. The engagement involves commissioning, implementation and integration of the solution with UBI’s existing WAN network. In keeping with our endeavor to bring leading-edge technology solutions to our customers, we decided to partner with Cisco for its WAN optimisation solution. We are confident that together with Cisco’s solution and our two decades global experience in the IT space, we will be able help UBI achieve increased productivity and cost savings in the years to come.” The comprehensive solution will address the unique challenges of maintaining and increasing productivity levels at UBI’s remote branch locations. The solution will help branches accelerate application traffic over the WAN by providing local hosting of branch-office IT services, allowing IT departments to centralise applications and storage in the data centre. It will also facilitate bandwidth-intensive applications over the network at UBI's remote branch locations, enabling the effective use of video-based conferencing and collaboration solutions.
DuPont buys Danisco for $6.6 bn AFP COPENHAGEN, MAY 16
US chemical giant DuPont announced Monday the $6.6 billion (4.9 billion euros) takeover of Danish food ingredient and enzyme giant Danisco, after repeated knockbacks. The tender offer, which had initially been set for completion in February, had been repeatedly delayed until DuPont at the end of April upped its bid to 700 kroner (94 euros, $132) a share, from its original bid of 665 kroner, stressing it would not go higher. It had remained unclear until the last minute whether the ac-
quisition would go through, as some Danisco shareholders remained tight-lipped about whether they would accept the deal. DuPont said it had acquired 92.2 percent of Danisco’s capital, passing the 90-percent limit it needed to withdraw Danisco from the Copenhagen stock exchange. “We are delighted that the tender has been successful and we can move on to the process of integrating Danisco into DuPont,” DuPont chief executive Ellen Kullman said in a statement issued by its Danish branch.
“This combination will create an industry leader in industrial biosciences and nutrition and health,” she added. The Danish company — a specialist in food ingredients, enzymes and bio-products which sold off its large sugar business in 2008 — was with the DuPont deal valued at 34.3 billion kroner. Danisco counts some 6,800 employees and last year posted annual sales of 13.7 billion kroner. DuPont has already received the necessary green lights for the takeover from a range of competition authorities.
Saab, Spyker announce auto deal in China AFP STOCKHOLM, MAY 16
Saab, the carmaker on the brink of financial collapse, said Monday it has signed a deal to obtain last-ditch rescue funding from a large Chinese distributor. Saab and its Dutch owner Spyker announced the deal with China’s Pang Da Automobile just days after a deal with Chinese car manufacturer Hawtai fell through. Spyker head Victor Muller said in a telephone conference that the deal with Pang Da, which he described as the number one distributor in China, was “much better for Saab than the previous transaction.” The deal calls for Pang Da to distribute Saabs in China and for both companies to eventually enter into a distribution and manufacturing joint venture. Pang Da will also buy a 24percent stake in Spyker for around 65 million euros ($91.7 million), according to a Spyker statement. In a first step, Pang Da will buy 30 million euros ($42.2 million) worth of Saabs — around 1,300 cars, according to Muller — to sell in China, followed by a further investment of about 15 million euros after it assesses the market. “That is exactly the kind of money that will allow us to start up production again,” he told reporters, saying he was hoping to relaunch production at Saab’s plant in Trollhaettan in southwestern Sweden in a few days. Production came to a halt last month as suppliers stopped deliveries over unpaid bills. Indian Overs, 154.8, 155.15, 152.95, 153.95 Indus Dev Ba, 136.9, 137, 134.35, 134.9 Indusind Ban, 248.45, 251.5, 244, 244.85 Infosys Tech, 2876, 2876, 2842.35, 2850.4 Infra. dev., 131, 131.65, 128.75, 129.25 Ispat Indust, 22.25, 22.5, 21.85, 21.95 Itc Ltd, 190, 190.7, 185.55, 186.1 Ivrcl Infras, 72.95, 75.05, 72.5, 73 Jai Corp Lim, 160.9, 161.5, 158.25, 158.8 Jaiprakash A, 87.6, 88.8, 84.4, 84.65 Jet Airways, 470, 480, 466, 470.65 Jindal Saw L, 177.05, 178.85, 170, 171.45 Jindal Steel, 644, 644, 626.5, 632.05 Jsw Steel Li, 935.4, 952.5, 908.65, 922.5 Kotak Mahind, 418, 422.7, 410.1, 411.1 Lakshmi Mach, 2224, 2240, 2200, 2207.15 Lanco Infrat, 33.7, 34.1, 33.35, 33.75 Larsen & Tou, 1529, 1538.9, 1511.2, 1516.85 Lic Housing, 222.5, 225.4, 216.35, 217.1 Lupin Limite, 441, 450.8, 440.2, 448.05 Mahanagar Te, 44.6, 46.25, 43.8, 45.95 Mahindra & M, 689, 689, 668.9, 672.65 Maruti Suzuk, 1215, 1238.35, 1203.3,
Pang Da “is a distribution company. They are interested in selling as many Saabs as they can, which of course in the short term is a tremendous boost to Saab,” Muller said. “The short-term effects for Saab, to be able to start to sell Saabs in such a huge distribution network, have a much more positive impact on Saab in Trollheattan as it stands today than Hawtai would have had,” he insisted. The 65 million euros Pang Da eventually plans to pump into the company in exchange for 24 percent of Spyker, will meanwhile “secure Saab Automobile’s medium term funding,” the company added. The deal also includes “a strategic alliance consisting of a 50-50 distribution joint venture and a manufacturing joint venture” for both Saabbranded cars and a new, as yet undetermined joint-venture brand, in China, the statement said. Saab will hold 50 percent of the shares in the manufacturing joint venture, with Pang Da and a yet-to-be-determined manufacturer to divide up the remaining shares. Muller said the decision on the manufacturing aspect of the deal was postponed by a few months to allow time to select the best possible manufacturing partner. “We have plenty of time to prepare for production in China now that we have secured immediate and mid-term financing needs,” he said. He also stressed that signing a deal with a distributor, instead of with a manufacturer such as Hawtai, would make obtaining approval from the
1230.5 Max India Lt, 173.4, 175.35, 166.2, 167.85 Moser-baer (, 42.7, 42.85, 41.4, 41.55 Mrpl, 75.25, 75.65, 74.15, 74.65 Nagarjuna Fe, 30.1, 30.5, 29.5, 29.65 National Alu, 88, 92.95, 87.45, 90.7 Neyveli Lign, 103.95, 104.5, 102.55, 103.2 Ntpc Ltd, 175, 176.3, 173.05, 174.15 Oil And Natu, 306.8, 308.4, 295.65, 296.95 Omaxe Limite, 137.9, 137.9, 130.55, 131.45 Oriental Ban, 327, 329.75, 318.7, 327.9 Pantaloon Re, 242, 248.8, 238.05, 242.3 Parsvnath De, 42.1, 42.55, 41.35, 41.6 Petronet Lng, 135, 139.7, 135, 136.95 Power Fin Co, 213.5, 221.2, 211.1, 217.5 Power Grid C, 101.6, 102.2, 101.3, 101.8 Praj Industr, 77.05, 77.3, 74.75, 75.2 Punj Lloyd L, 63, 63, 60.85, 61.1 Punjab Natio, 1088, 1088, 1057, 1060.55 Rajesh Expor, 88, 89.35, 86.7, 87.3 Ranbaxy Labs, 490, 521, 487.4, 518.1 Rashtriya Ch, 81.65, 81.8, 80.4, 80.65 Reliance Cap, 523.9, 524.95, 513.2, 515.7 Reliance Com, 90.9, 91.75, 89, 89.35
European Investment Bank, former Saab owner General Motors and Sweden’s National Debt Office much easier. “This takes away a tremendous wall of pressure from the regulatory approval side,” he said. Muller said Pang Da had some 1,100 dealerships throughout China and sold 470,000 cars in China last year. Pang Da chief executive Pang Qinghua said: “Having just gone public ourselves three weeks ago, we are delighted to have the opportunity to become a substantial shareholder in Spyker, Saab’s parent.” Monday’s announcement comes less than a week after Spyker said a 150-million euro deal with Chinese carmaker Hawtai had fallen through, casting new doubt on the future of Saab. The iconic Swedish brand, which employs 3,800 people, was rescued at the last minute in early 2010 when tiny Spyker bought it for 400 million dollars from US auto giant General Motors. It was forced to halt production “until further notice” last month as suppliers stopped deliveries over unpaid bills.
Reliance Ene, 1031.01, 1049, 1031.01, 1048.73 Reliance Ind, 594, 598, 582, 586.05 Reliance Ind, 950, 951.4, 941.55, 945 Reliance Pow, 116.45, 116.45, 113.5, 113.85 Rolta India, 136, 137.45, 134, 135.4 Satyam Compu, 75.45, 75.65, 73.8, 74 Sesa Goa Ltd, 297, 303.6, 294.65, 300.4 Shipping Cor, 109, 109, 106.35, 106.7 Siemens Ltd, 870.05, 878.9, 842.95, 846.55 Sintex Indus, 180, 182.3, 177.8, 178.55 Sobha Develo, 269.1, 270.95, 263.05, 266.55 State Bank O, 2640, 2657.2, 2610.1, 2616.3 Steel Author, 154.5, 154.5, 151.6, 152.1 Sterlite Ind, 169.8, 170.8, 167.45, 168.4 Sun Pharmace, 428.5, 443.25, 428.45, 440.45 Sun Tv Netwo, 409, 409, 391.6, 394.3 Suzlon Energ, 54.9, 55.25, 52.45, 52.85 Tata Communi, 227.25, 228.65, 218.05, 221.1
Tata Consult, 1121, 1147.4, 1120, 1131.1 Tata Motors, 1200, 1219.8, 1185.1, 1215.75 Tata Power C, 1222.1, 1236, 1222.1, 1229.1 Tata Steel L, 593, 593, 576.4, 577.8 Tata Teleser, 16.5, 16.6, 16.2, 16.25 Tech Mahindr, 665.05, 679, 662.15, 665.2 The Ge Shpg., 285, 291, 283.95, 288.25 The Phoenix, 204.9, 220, 197.3, 200.35 Thermax Ltd, 604.8, 604.8, 586.1, 588.45 Titan Indust, 3965, 4040, 3952.5, 4025.05 Torrent Powe, 242, 247.75, 240.6, 245.7 Triveni Engg, 39.05, 39.05, 37.75, 37.95 Tv18 India L, 70, 80, 70, 78.2 Uco Bank, 99, 99, 96.9, 97.6 Ultratech Ce, 1039.95, 1055, 1039.95, 1047.9 Union Bank O, 324, 327.25, 318.3, 326.4 Unitech Ltd, 37, 37, 35.9, 36.05 United Phosp, 169, 169.95, 163.5, 164.9 Videocon Ind, 190.65, 193.2, 190.35, 190.8 Vijaya Bank, 73.8, 75.9, 72.6, 73.3 Voltas Ltd, 164.75, 164.8, 161.6, 162.5 Wipro Ltd, 444.7, 444.7, 435.15, 439.95 Yes Bank Lim, 294.5, 295, 290.1, 291.75