Persistent Systems Hires Sridhar Jagannathan as Chief Innovation Officer

Technology Executive to Drive Innovations in Product Engineering, Applications and Services Pune, India and Santa Clara, CA – October 24, 2012: Persistent Systems (BSE & NSE: PERSISTENT), the global leader in software product and technology services, today announced that Dr. Sridhar Jagannathan has joined as the Chief Innovation Officer. A recognized industry veteran, technology strategist, …

EIU Survey Endorses SME Robust Prospects

SMEs expect to support growth plans by hiring additional staff. Of those surveyed, 94 percent stated that revenues remained flat or increased over the last three years. Twenty-eight percent reported increases of more than 10 percent and 39 percent responded with up to 10 percent growth. Looking ahead, 96 percent of respondents expect either a …

GE Lighting expands its LED product portfolio through a host of new innovative products localized for India

GE Lighting, a division of GE, today announced the launch of its LED Roadway product family for the Indian market. This complements GE’s recent launches of LED Down lights and LED 2×2 Recessed Troffers for Retail and Commercial office applications. Speaking about the launch, Mr. Himamshu Prasad, President & CEO, GE Lighting India said, “GE …

Rebecca ‘Becky’ Blalock appointed Strategic Advisor for Mahindra Satyam’s Energy & Utilities business in USA

Mahindra Satyam, a leading global consulting and IT services provider, today announced that it has appointed Ms. Rebecca ‘Becky’ Blalock as Strategic Advisor for its Energy & Utilities (E&U) business. She will be supporting the organization’s North American region for business expansion and strengthening client relationships. Becky will be at the forefront strategizing and giving …

Heineken N.V. Trading Update – Third Quarter 2012

    Amsterdam, 24 October 2012 – Heineken N.V. today announced its trading update for the third quarter of 2012. In the quarter: Revenue rose 4% organically, driven by higher total consolidated volumes of 1.5% and revenue per hectolitre growth of 2.5%. Group beer volume grew 2.6% with increases in four out of five regions; Heineken® volume …

SSAB Report for the third quarter of 2012

The quarter Sales of SEK 8,730 (10,917) million Operating profit/loss of SEK -665 (511) million Profit/loss after financial items of SEK -789 (401) million Earnings per share of SEK -1.60 (1.19) Operating cash flow improved to SEK 843 (311) million and cash flow from current operations to SEK 697 (16) million Niche products accounted for …

OUTOKUMPU’S THIRD QUARTER 2012 – CONTINUED POSITIVE CASH FLOW BUT UNSATISFACTORY PROFITABILITY IN A CHALLENGING ENVIRONMENT

Third-quarter 2012 highlights – Underlying operational result was EUR -57 million – Operating loss was EUR 89 million including raw material-related inventory losses of some EUR 18 million and net non-recurring items totalling EUR -14 million – Operating loss excluding non-recurring items was EUR 75 million – Positive operating cash flow of EUR 83 million …

RFEL now member of Xilinx Alliance Program

Newport, Isle of Wight, UK – 24 October 2012 – RFEL, who specializes in high performance electronic signal processing solutions, has been approved as a member of the Xilinx Alliance Program. “We have worked with RFEL for many years,” said Mark Bowlby, Senior Manager of Partner and Ecosystem Alliances at Xilinx, Inc. “RFEL is one …