Saturday 25 August 2012

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SBI Cards Launches Click2Card

SBI Cards Launches Click2Card, A Customer Friendly Online Credit Card Application Service
·         An interactive platform intuitively advices applicants on the credit card best suited to their lifestyle:Users are instantly informed of the status of their applications: 
 
NEW DELHI, AUGUST 28, 2012: SBI Cards, one of India’s leading credit card issuers, today announced the launch of Click2Card, an all-new online application service, as another step towards fulfilling its promise of ‘Make Life Simple’.
 
Click2Card was launched today in New Delhi by Mr. Kadambi Narahari, CEO, SBI Cards & Payment Services Pvt. Ltd and Mr. Sanjeev Jain, CEO, GE Capital Business Processes Management Services Pvt. Ltd.
 
Speaking at the launch, Kadambi Narahari, CEO, SBI Cards and Payment Services Private Limited, said, “With the internet and e-commerce boom in India, customers are increasingly looking for financial products online. Click2Card is another innovative service offering from SBI Cards and is in line with our digital roadmap. This new platform will offer significant customer benefits, the primary being convenience.”
 
Mr. Sanjeev Jain, CEO, GE Capital Business Processes Management Services said, “Click2Card is yet another online platform that empowers our customers. An increasing number of SBI Cards customers are subscribing to our online channels and services including those through SBI Cards website and our e-statements. The key focus in all these initiatives has been to leverage the power of the web and provide convenience and superior service to our customers.”
 
Targeted at the Internet-savvy customers across India, who are increasingly transacting on the Internet, Click2Card allows customers to enter their details on a specially designed secure web interface. Once the customers’ details are submitted, the interactive platform intuitively advices applicants on the credit card best suited to their lifestyle. After selecting the credit card from the choices offered, customers need to apply online through a compact credit card application form. 
 
The customer’s application for a credit card is approved, declined or referred on the basis of the credit history with the credit bureau and the SBI Card risk and policy norms. The customer has a real-time experience, and is updated on the status of his / her request instantly. For all approved or referred applications, the system sends back a “soft” approval (approval in principle) and the assigned credit limit.
 
The functionality can be accessed via www.sbicard.com and the ‘Click2Card’ tab.
 
Subsequently, the customer is contacted by SBI Cards representatives to complete the documentation requirement. The documents and the information provided on the online platform need to match with those provided to the representative. The collected documents are then sent for verification & under-writing and upon final approval, the credit card is issued to the customer.
 
This launch is in line with the digital and mobile road map at SBI Cards in the areas of customer acquisition, transaction enablement, payment processing and customers servicing.
 
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About SBI Cards
SBI Cards is a joint venture between State Bank of India and GE Capital to offer Indian consumers extensive access to a wide range of world-class, value-added payment products and services. The partners have set up two joint venture companies to develop a credit card business in India — SBI Cards & Payment Services Pvt. Ltd., which focuses on the marketing and distribution of SBI Cards and GE Capital Business Processes Management Services Pvt. Ltd., which handles the technology and processing needs of SBI Cards. Visitwww.sbicard.com for more details.
 
About State Bank of India
State Bank of India (SBI) is the country’s oldest and largest bank. For more information, visit www.statebankofindia.com
 
About GE Capital
GE Capital has been operating in India since 1993. With AAA (CRISIL) credit rating, GE Capital
combines local understanding with the global reach of GE to provide end-to-end financial solutions to meet the diverse needs of Indian corporate and retail customers. GE Capital’s businesses in India are organized under various business units including those focused on corporate finance, asset-based lending, leasing, commercial distribution financing, energy and infrastructure projects financing, merger & acquisition financing, mortgages, loans and credit cards (through an eleven-year-old strategic joint venture with State Bank of India). For more details visit www.gecapital.com/in
 
Media Contacts:
Prabhat Bhattacharya
Communication Leader – SBI Cards
+91 124 3992859/+91 88606 55552
Prabhat.bhattacharya@ge.com
 
Deebba Ali / Niraj Sharma / Ayonava Bagchi
I:Connect Enterprise for SBI Cards
+91 9810509973 / 9810093472 / 9818774606
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Iran goes all out to make NAM Summit a success

 
Iran goes all out to make NAM Summit a success

 
Iran condemned the West’s policy of intimidation against other nations and sought NAM’s support to end tough West-sponsored sanctions against it over its nuclear prog, as officials from 120 countries, including India, gathered in Tehran for the 16th NAM summit.
Iran has pulled out all stops to ensure a smooth sail of the 16th NAM Summit that will see a number of world leaders including Prime Minister Manmohan Singh coming together, despite the US making its displeasure clear over the gathering in Tehran.

From heavy deployment of security, freshly coated railings along the roads to declaring a holiday and strategically putting out banners, Tehran is trying its best to project the summit as a major diplomatic win for the sanction-hit country.

The first thing that strikes a visitor to Tehran is the wide smooth highway on which one can easily hit over 150 kms per hour.

The landscaping too is beautiful.

As you drive down, one will find a number of posters -some of them asserting the country’s right to nuclear energy.

‘Nuclear energy is an undeniable right for Iranians’, reads a banner with the picture of an Iranian nuclear scientist who was killed in a car bomb allegedly by Israel’s spy agency Mossad.

Drive further, another banner on top of a flyover reads, ‘Avoid being enslaved since God created you free’.

Tehran, which could easily have more flyovers than new Delhi or Mumbai, is largely traffic free with the government declaring holidays to ease congestion on roads.

The Iranian capital is known to have one of the worst traffic.

“They have declared holidays for the Summit so that there will be less traffic on the road,” a friendly official chips in.

Police checkposts have suddenly sprung up on the city roads.

An outsider is quickly identified and sharp eyes of the securitymen follow as you walk down.

Interestingly, Iran had displayed blast-shredded cars of Iranian nuclear scientist at the entrance to the venue here where the officials from 120 NAM-member states met.

Five Iranian nuclear scientists, including a manager at the Natanz enrichment facility, have been killed since 2010.

Mostafa Ahmadi Roshan, a chemistry expert and director of the Natanz uranium enrichment facility, became the latest victim when he was killed in a bomb attack in January 2012.

For Iran, the Summit is very important and the country, that has been hit by severe US sanctions, is trying to fully exploit the occasion.

Iranian Foreign Minister for Arab and African Affairs Hossein Amirabdollahian has said that the holding of the Summit in Tehran proves inefficiency of US threats and sanctions against Iran.(
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Sonia accuses BJP of holding Parliament to ransom

 
Sonia accuses BJP of holding Parliament to ransom

 
Congress President Sonia Gandhi has accused BJP of playing blackmail politics at a time when the country is facing challenges.
Speaking at the Congress Parliamentary Party meeting on Tuesday morning, Sonia Gandhi said that the Government and the Prime Minister are always prepared to discuss any CAG report.
She said that the proper forum for debate is Parliament, but it is being held in ransom by blackmail, which has become the bread and butter of BJP.
She also made it clear that there is no need to be defensive and asked partymen to rebutt the charges of BJP.
Sonia condemns violence in Assam
Sonia Gandhi also condemned the violence in Assam and said that the guilty must be brought to justice.
She also praised the heartwarming instances when neighbors helped cutting across ethnic and religious identities.
Referring the exodus of north east people from Bangalore, she said that they have every constitutional right to study, work and live in any part of the country in complete safety and security.
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This is how we could lose the election:Joe Biden

Naresh –
The pundits and talking heads are talking about how badly we’re being outraised by the other side. You’ve heard it from us, too.
Three months in a row, Mitt Romney and the Republican Party have trounced our fundraising totals. And, along with allied outside groups, they’re using that cash to try to obliterate our side on the airwaves, outspending us in some battleground states by margins of up to three to one.
The pundits are saying this is how we could lose the election. You know what I say?
When you get knocked down, get up. There’s no quit in America. There’s nothing we can’t do.
This week isn’t just the Republican National Convention — it’s also the biggest fundraising deadline this campaign has seen, and one of the last. President Obama and I are counting on you.
Please make a donation of $5 or more today:
https://donate.barackobama.com/All-on-Us
We’ve been counted out more than a few times before. It’s all on us to prove them wrong again.
Thanks,
Joe
P.S. — I’ve seen a lot of good campaigns — with smart, strong candidates and bold visions for the change we need — go down, simply because they couldn’t keep up. Don’t let this campaign be one of them. Donate today.
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When I’m out there talking to voters:Barack


Naresh –
When I’m out there talking to voters, we talk about what we’ve done, what we plan to do over the next four years, and why the other guys have dangerous plans to go back to the policies that failed America for almost a decade.
But there is another question that keeps coming up, and you need to know about it: “Why do I see so many more ads for the other guys?”
You don’t need me to tell you that the Romney campaign is outraising us — that billionaire ideologues and corporate interests are piling on tens of millions more in negative ads trashing us, and that all of it means that undecided voters in battleground states like Iowa could be seeing false, misleading, negative attacks at a rate almost twice as often as they hear from us.
Last week, when I was in Iowa, voters told me they were feeling it. The numbers back it up: Our side is getting outspent 2-to-1 on the air there.
But the folks asking me about this don’t want an explanation — they want to know what I’m going to do about it.
And the fact is that solving this problem is up to you.
Close the gap on the air by making a donation of $5 or more now.
You’re getting this email because you know what the stakes are in this election. You know the facts about what we’ve done to prevent a deeper crisis and to start building an economy that works for the middle class.
But for someone who’s not as engaged, these ads may be an important and possibly even primary source of information about the choice in this election.
So it’s a bad situation if 90 percent of them are false, negative attacks on us.
We’re losing this air war right now.
I don’t have as much time to campaign this time as I did in 2008, so this whole thing is riding on you making it happen.
Donate now to close the gap on the air:
https://donate.barackobama.com/72-Days
Thank you,
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EU Research Awareness Raising and Information Campaign

Filed under: August 27, 2012
INVITATION
EU Research Awareness Raising and Information Campaign in India
10-28 September 2012
Dear Sir/Madam,
On behalf of the European Delegation to India, EBTC would like to inform you about the following initiative:
Europe acting together to promote research and innovation cooperation with India
Over a three-week period, 10-28 September 2012, the European Union and its Member States are organising together 36 information seminars throughout India to raise awareness among Indian research stakeholders – including SMEs – about the opportunities that they can offer for research and innovation cooperation with India.
53 European S&T counsellors and representatives of research organisations from Belgium, Czech Republic, Estonia, Finland, France, Germany, Italy, Lithuania, the Netherlands, Poland, Spain, Sweden, the United Kingdom, the European Research Council, Euraxess Links India, the European Business and Technology Centre as well as from the Delegation of the European Union, will make some 155 presentations in 31 key research and innovation hot spots in India over a three-week period. In addition, five thematic sessions will also be organised and focus on biotechnology, industrial research, sustainable transport, ICT and health. Indian participants in cooperation programmes with Europe will also present their experience and lessons learnt.
The web site for the information campaign is http://tinyurl.com/EUAwareness. It includes the detailed programme of each information event. The announce pamphlet about the campaign can be downloaded from http://www.ebtc.eu/pdf/EUAwarenessCampaign.pdf. Participation is free but requires a registration (see web site).
On this occasion, a compendium including all European mobility schemes for Indian researchers and students interested to go to Europe, a compendium of partner search tools, and a booklet of testimonies of researchers who have been involved in research with European partners will be made available to all participants. They will receive a USB memory stick which will contain the documents mentioned before, all presentations as well as a lot of information of the cooperation between Europe (Member States and EU) and India.
In many cities, the information event will be followed by a buffet lunch to allow for informal networking with the speakers and participants.
We are pleased to invite you to participate in the campaign. May I also invite you to forward this invitation to other researchers and students who might be interested to participate.
With kind regards,
Your EBTC Team
Contact for further information:
——————————————————————————–
Science and Technology Section
Delegation of the European Union to India
65 Golf Links, New Delhi 110 003, INDIA
E-mail: delegation-India-st@eeas.europa.eu
Website: http://eeas.europa.eu/delegations/india/
Facebook: http://www.facebook.com/EUinIndia
Join, follow, discuss and share with us at www.ebtc.eu
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Investments plunged nearly 50% in FY’12: RBI report

Growth deceleration that began last fiscal, when GDP growth slipped to a nine-year low of 6.5 per cent, has been led primarily by a near 50 per cent dip in new investments in large projects, the Reserve Bank has said. “Envisaged total fixed investment by large firms in new projects, which were sanctioned financial assistance during FY12, dropped by a whopping 46 per cent to about Rs 2.1 trillion from Rs 3.9 trillion a year ago,” according to the FY’12 RBI annual report.  The drop was led by the infrastructure and metals sectors, said the recently released report.  ”Envisaged investment in infrastructure declined by 52 per cent to Rs 1 trillion in FY12 from Rs 2.2 trillion in FY11, led by the power and telecom sectors,” said the report, quoting data collated from banks and financial institutions.  While investment in the telecom sector has dried up, that in roads, ports and airports has also decelerated sharply, it added. Gross bank credit to infrastructure outstanding as of April 2012 was Rs 6.2 trillion. However, the flow of bank credit to the sector has decelerated, on the back of policy delays and higher interest rates, the report noted.  
Data on sector-wise gross deployment of bank credit shows that its year-on-year growth has declined to 14 per cent in FY12 compared to 38 per cent growth in FY11. Noting that over half of the envisaged corporate fixed investment in large projects has been coming from the infrastructure space since 2008-09, the report said, its share, however, dropped to 48.6 per cent in FY12 from a high 54.8 per cent a year ago. This massive slippage has had a ripple effect on the economy.  Order books of capital goods producing firms have declined as the size of the pie has reduced.   Their share has also gone down as they have been out-competed by cheaper imports by foreign firms, points out the report.
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Prithvi -II successfully test-fired from ITR .

India’s nuclear-capable Prithvi-II ballistic missile with a strike range of 350 km was on Saturday successfully test-fired from the Integrated Test Range near Balasore as part of user trial by the army. 
“The flight test of the surface-to-surface missile was conducted around 1100 hrs from a mobile launcher from ITR’s launch complex-III at Chandipur,” defence sources said.  Describing the trial of the indigenously developed strategic missile as “fully successful”, ITR Director MVKV Prasad said, “It was a perfect launch. All the mission objectives were accomplished during the trial.”
Prithvi is the first ballistic missile developed under the country’s prestigious Integrated Guided Missile Development Programme and has the capability to carry 500 kg of both nuclear and conventional warheads with a strike range of 350 km.  The missile uses advanced inertial guidance system with manoeuvring trajectory. The test-fire of the sophisticated short-range ballistic missile, which has already been inducted into the armed forces, was a user’s trial by the army and monitored by scientists of Defence Research and Development Organisation. The sleek missile is handled by the strategic force command (SFC), they said, adding the trial was conducted to gauge the effectiveness of the weapon in a real time situation.
“The whole exercise was aimed at studying the control and guidance system of the missile besides providing training to the Army, which happens to be the user,” said an official.  The state-of-the-art missile is 9 metre-long and is one metre in diameter with liquid propulsion twin engine.
A defence scientist associated with the trial said radars and electro optical systems located along the coast tracked and monitored all the parameters of the missile throughout the flight path.
Prithvi-II has been successfully flight tested several times as part of the training exercise and todays launch again proved its reliability and accuracy, he said. A twin user trial of Prithvi-II missiles planned on December 21, 2011 from ITR had to be deferred due to a technical snag, sources said.
Its trial was, however, a complete success on September 26, 2011 as the missile reached the predefined target in Bay of Bengal with a very high accuracy of better than 10 meters, they said.
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Uttam Air Products Launches OxyGo – a lightweight, Oxygen Cylinder

Uttam Air Products Launches OxyGo – a lightweight, rust free and life changing oxygen cylinder heralding a new era in the treatment of respiratory diseases.
New Delhi, August 25, 2012:  Heralding a revolutionary era in home ventilation Uttam Air products in collaboration with the UK based Luxfer group today launched their new user friendly oxygen cylinder OxyGo.  OxyGo is oxygen on the move for patients in critical care and also for patients who have oxygenating needs at home. The kits were developed with aluminium bottles, as against the steel available in the market, making the lifesaving gas rust free. OxyGo benefits people suffering from pulmonary infections or diseases, heart patients, cancer patients and old people.
Mr Karan Bhatia, MD Uttam Air product says,” OxyGo will bring a positive change in the lives of people with oxygenation needs. Contrary to the traditional steel oxygen cylinders which corrode OxyGo kits are corrosion free. Unlike the bulky steel ones these aluminium cylinders are light weight and MRI compatible and available in different sizes. OxyGo is the only product available in the market addressing the needs of COPD patients by providing user friendly oxygen cylinders. We are the only company providing all possible solutions for the oxygenating needs for people suffering from COPD.” According to the WHO, COPD kills more people than HIV-AIDS, Malaria and Tuberculosis put together in the South East Asian region.
Dr R.K Mani renowned doctor, currently Director Critical Care and Sleep medicine at Artemis Hospital Gurgaon says, “An estimated Rs 35000 crore is spent by people every year in India to be treated for lung and pulmonary disorders. The amount of money spent is more than the budget of the Health Ministry. There is a need for a national programme on COPD prevention aimed at improving the life of a patient and reducing the mortality rate.”
Taking home ventilation a step forward Mr karan Bhatia with support from other organizations will soon be floating a community effort where they will make people with lung disorders connect with each other. Breathe Easy will educate and rehabilitate people with oxygenation needs especially patients with COPD.
                                                                                                            
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Sharmila pips Vani in play-off at Hero-KGA Women’s pro golf

Bangalore, August 24: Sharmila Nicollet found her form and debutant Vani Kapoor earned a rightful place among the top women pros in the country with a splendid performance that gave the 2012 season of the Hero-WGAI Tour a great start at the season-opener at the KGA Golf Course.

Sharmila first rallied from a four-shot deficit to get into a play-off with Vani and then produced two glorious shots on the first play-off hole to emerge as the champion of the Hero-KGA tournament. Sharmila carded a second sub-par round in three days with a bogey-free two-under 70 to total one-over 217, the same as Vani (74). Sharmila was the only player to turn in two sub-par rounds.

In the play-off, Vani was at least 80-yards short off the tee, but hit a great second shot to land on the green, some 12 feet from the pin. But Sharmila’s second shot was less than two feet from the cup. While Vani missed her putt, Sharmila tapped in to win the title.

The KGA course officials did a magnificent job after heavy rains last night. They ensured a playable course and the players responded with a superb final round.

Nalini Singh Siwach (72) played a fine round with one birdie against one bogey for the day’s second best card and edged out seasoned Smriti Mehra (76) to third place. Smriti was fourth and another Bangalore girl, Aditi Ashok, still an amateur, carded 73 and was fifth at 225.

“It was great to win again in Bangalore and at KGA, which is my home course. My coach Tarun (Sardesai) decided to come on the bag today and he told me that he wanted me to study the lines and putt. That helped my confidence and I am so glad that I did myself proud with a bogey-free round,” said Sharmila, who picked up Rs. 2,62,500 as the winner’s cheque.

“Starting the day four behind Vani, who was brilliant in her debut as a pro, my goal was to keep bogeys off the card and the birdies would come by themselves. That’s what happened. Tarun did not read a single line for me and by the end of the day, I felt very confident, as I don’t want to be dependant on someone else to read putts for me,” she added.

For Vani, it was a bitter-sweet debut. “It would have been great to start a pro career with a win, but a second-place is fine. I am happy with the way I played and I am sure I will keep learning. Sharmila was fantastic today. She made no mistakes. I wanted to close in the regulation and I know she hits the ball really long, but it did not happen for me,” said the 18-year-old Vani, who last year won a pro event, while still being an amateur.

“I had two birdies and two bogeys on front nine and Sharmila closed the lead from four to two on the first stretch. Then I suppose I tried a bit too hard and bogeyed the 14th and 15th to allow her to catch up. But hats off to Sharmila for great golf and I enjoyed playing with her.”

Sharmila birdied the first hole to set up momentum and exert pressure on Vani. She added another on seventh and then played pars for the next 11 holes. “I tried not to get frustrated with missed putts and just ensured I did not drop any shots,” said Sharmila.

Final results:
Leading scores (After three rounds):
217: Sharmila Nicollet (71-76-70); Vani Kapoor (75-68-74)
Sharmila won in first play-off hole
222: Nalini Singh Siwach (74-76-72)
224: Smriti Mehra (77-71-74)
225: Aditi Ashok (A) (74-78-73)
229: Neha Tripathi (73-78-78)
231: Shraddhanjali Singh (78-75-78)
235: Saaniya Sharma (73-79-83)

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