SETCO AUTOMOTIVE Q4 Net profit up by 103.8% and the Net Profit for FY 2010-11 up by 84.6%

SETCO AUTOMOTIVE Q4 Net profit up by 103.8% and the Net Profit for FY 2010-11 up by 84.6%

For the Financial Year ended March 31, 2011	For the Quarter ended March 31, 2011
Ø  Revenue up by 43.1%	Ø  Revenue up by 60.7%
Ø  Profit After Tax up by 84.6%	Ø  Profit After Tax up by 103.8%

Mumbai: Setco Automotive Ltd, BSE listed (BSE company code: 505075) a premium automotive clutch manufacturer company has released outstanding Audited Financial Results for the fourth quarter ended March 31, 2011.

Financial highlights:

For the Year ended March 31, 2011

Leveraged by strong growth in Commercial Vehicle sector, the company registered revenue growth by 43.1% during the Fiscal 2011. The revenue increased from Rs. 21149 Lacs for the Fiscal 2010 to Rs. 30265 Lacs for the Fiscal 2011. The Net Profits increased by 84.6% to Rs. 3288 Lac as against Rs. 1781 Lac for the previous year. Earnings Per Share (EPS) for the FY 2010-11 increased to Rs. 18.63 which was Rs. 10.09 in corresponding previous year.

For the Quarter ended March 31, 2011

The company had a revenue growth of 60.7% for the quarter ended March 31, 2011. The revenue increased to Rs. 10771 Lacs in the fourth quarter of fiscal 2011 from Rs. 6702 Lacs in the fourth quarter of previous fiscal. Pedestal on the robust sales growth, company’s Net Profit for the quarter ended March 31, 2011 has increased by 103.8% to Rs. 1327 Lacs compared toRs. 651 Lacs for the corresponding quarter ended March 31, 2010. Earnings Per Share (EPS) for the fourth quarter is at Rs. 7.44 which was Rs. 3.69 in corresponding previous quarter.

Company’s subsidiaries in UK and USA have turnaround and posted profits during the year.

Commenting on the performance of the fourth quarter, Mr. Harish Sheth, Chairman & Managing Director, Setco Automotive Limited, said “2010-11 has been a challenging year. The OEMs have increased production and shifted technologies. As a key supplier we have made the necessary upgrades to ensure the highest level of service to them. The challenge still remains towards ensuring that input costs are reduced or at the best maintained; additionally we also need to focus more on our supply chain augmentation. The Board of Directors have appreciated the performance and we as a organization are committed towards delivering better value to our stakeholders in the future.”

About Setco Automotive Limited:

Setco, incorporated in May 1982, is a diversified engineering products company listed on BSE. Setco is the largest manufacturer of Premium Quality Lipe clutches for heavy and medium commercial vehicles in India. The company employs more than 700 people globally. It is a Tier I supplier of clutches to all major commercial vehicle manufacturers. Setco has strategic global footprint with 4 manufacturing facilities of which, two are in India, and one in UK and USA each, with its corporate base in Mumbai, India. Setco’s R&D base is also in the UK. Setco additionally manufactures Hydraulics catering to key international markets.

For more on Setco Automotive, visit www.setcoauto.com

Media Contact:

Atul Malikram

9827092823

General Motors India records sales of 8329 vehicles in May '11

General Motors India records sales of 8329 vehicles in May '11

New Delhi: General Motors India sold 8329 units in May 2011, compared to 8225 units in May 2010, registering a marginal growth of 1.3%.  The May 2011 sales comprised 3023 units of Chevrolet Spark, 2144 units of the Beat, 1767 units of Tavera, 659 units of the Cruze, 240 units of Optra, 218 units of Aveo, 143 units of Captiva and 135 units of Aveo U-VA.

 Commenting on the performance, Mr. P. Balendran, Vice President, GM India said, “Although we have recorded a marginal growth, the numbers are not on the desired lines as the footfalls in the show-rooms have started coming down. Given the hike in interest rates, fuel prices, commodity prices, inflation etc., we expect the market to remain depressed in the coming months as well.   Nevertheless, we remain committed to living up to the Chevrolet promise and fully leveraging our resources in India to offer customers across the country best-in-class products and services that meet their unique needs.”

Chevrolet is celebrating its centennial as a global automotive brand this year.  It is now one of the fastest growing automotive nameplates in India and provides consumers with fuel-efficient, safe and reliable vehicles that deliver high quality, expressive design, spirited performance and value.  With a wide array of products and services, Chevrolet has brought unmatched product quality and unparalleled performance to the customers.

Media Contact:

Atul Malikram

9827092823

CELEBRITY CRICKET LEAGUE

CELEBRITY CRICKET LEAGUE

 4 Teams, 6 League matches and 1 Explosive finale.

Going Live from 2.30 p.m, Saturday, 4^th June, on Sahara One

Mumbai: Celebrity Cricket League (CCL), an initiative combining the two most popular forms of entertainment - cinema and cricket is set to bring together Bollywood and the southern film industry to play the game of cricket this June. For the first time in India, the film fraternities from southern film industry – Tamil, Telugu, Kannada and Bollywood will come together to play in the T20 format. This multi-starrer action entertainer will kick-start from Saturday, 4^th June, 2.30 p.m. onwards at Bengaluru and will be telecast live on Sahara One. Celebrity Cricket League (CCL) aims to bring entertainment to another level by mixing film industry with India's most loved sports Cricket.

The Celebrity Cricket League (CCLT20) will consist of four teams – Mumbai Heroes, Chennai Rhinos, Karnataka BullDozers and Telugu Warriors.

Mumbai Heroes will be led by Suniel Shetty as its captain and Ritiesh Deshmukh as vice-captain. Superstar SALMAN KHAN will be the iconic player for Mumbai Heroes.

The Mumbai Heroes team includes other players like Aftab Shivdasani, Mahesh Manjrekar, Ashish Choudhary, Shabbir Ahluwalia, Raja Bherwani, Kabir Sadanand, Apoorva Lakhia, Sonu Sood, Sunny Singh, Angad Bedi, Varun Badola, Vatsal Seth and Sohail Khan.

The teams from Southern Film Industry will also see known names in its team combination. Popular actor Kicha Sudeep will captain the Karnataka BullDozers, superstar actor Venkatesh will lead Telugu Warriors and Superstar actor Abbas will lead the Tamil Rhinos.

The opening ceremony of Celebrity Cricket League will be on Saturday, June 4 at 2.30 p.m. This ceremony will be a grand affair with a performance by 1200 drummers and Indian singing sensational singer Sonu Nigam.

Celebrity Cricket League is an idea to combine Cricket and Cinema to produce one sensational mixture of entertainment for audience. It is for the first time in India that the film fraternities from South and Bollywood will battle each other for the coveted top spot a la the Cricket way, live on a Hindi GEC. So do not miss the action-packed extravaganza that is all set to evoke a sky-high adrenaline rush; what with so many superstars being seen in one place, at one time.

Celebrity Cricket League (CCL) live on Sahara One as per the match schedules below:

Schedule:

June 4, 2011 Bengaluru

2.30PM : Opening Ceremony

3pm: TAMIL RHINOS vs Telugu warriors

7pm: Karnataka Bulldozers vs Mumbai Heroes

June 5, 2011 Chennai

1pm: Karnataka Bulldozers vs tamil RHINOS

5pm: Telugu Warriors vs Mumbai Heroes

June 11, 2011 Vizag

3pm: Karnataka Bulldozers vs Telugu Warriors
7pm: tamil RHINOS vs Mumbai Heroes

June 12, 2011 Hyderabad

5PM: Finals

For more details, please contact: 
Atul Malikram 
9827092823 

Thyroid Disorders affecting 4.2 crore Indians every year1

Thyroid Disorders affecting 4.2 crore Indians every year¹

On World Thyroid Day, the Indian Thyroid Society alerts general public and doctors on the highly prevalent and undiagnosed disease

Lucknow, May 19, 2011: Ahead of World Thyroid Day, the message from the Indian Thyroid Society and Abbott India Limited is that untreated thyroid disorders are very common and it is estimated that 4.2 crore Indians¹ are suffering from thyroid disorders with almost 90% undiagnosed.² Often people suffer from a variety of ailments completely unaware that these could be linked to thyroid dysfunction. Thyroid problem is perhaps the second most common endocrine disease next to diabetes.¹

In order to create a greater understanding on the awareness and diagnosis of thyroid disorders and the co-morbidities associated with it, 40, 000 patients will be examined through 700 thyroid testing camps held across the country ahead of World Thyroid Day. 

According to Dr. R V Jayakumar, President of The Indian Thyroid Society (ITS), “Millions of people have an undiagnosed thyroid problem, and don't realize that it is the source of the other serious health challenges they face. Obesity, depression, fatigue, high cholesterol, infertility and many other conditions are very often the direct result of undiagnosed and untreated thyroid conditions. Thyroid disorders are also known to result in dyslipidemia which is an abnormal amount of cholesterol and/or fat in the blood. Dyslipidemia is known to be an important contributor to cardiovascular risks including all cause mortality.”

He added, “In order to avoid complications health wise it is important to go for a regular thyroid check up to ensure a long and healthy life. Think Thyroid, Think Life.”

The thyroid is a small butterfly shaped gland located in the 'neck' region, just under the Adam’s apple. It makes, stores and releases thyroid hormones that influence almost every cell in the body. In short, the thyroid gland facilitates smooth functioning of our body.

Dr. Sharad Kumar, Consultant Endocrinologist and Associate Professor Eras Medical College, Lucknow says, “The most common thyroid disorder, hypothyroidism, results when your thyroid gland fails to produce enough hormones. Hypothyroidism is often not suspected during the routine clinical assessment. Since thyroid hormone testing is not a routine test, the diagnosis is often not confirmed for years. If there are vague symptoms like weakness, a slight weight gain, depression, constipation and heavy periods, it is important to consult your local physician. There is no harm requesting for appropriate tests, which will most likely include a Thyroid Stimulating Hormone (TSH) test. The sensitive Thyroid Stimulating Hormone test is the most valuable single method to discover or confirm hypothyroidism. It enables doctors to identify even mild cases of hypothyroidism before symptoms appear.”

For further detail, please contact 
Atul Malikram 
9827092823 

1.        

The ALL NEW FRUCTIS Long & Strong:Longer, Stronger, Better!

The ALL NEW FRUCTIS Long & Strong: 

Longer, Stronger, Better!

The ALL NEW Garnier Fructis Long & Strong- a range of shampoo, conditioner & serum

Mumbai - Women today are plagued by many hair problems such as split ends, dull and weak hair that breaks easily which means you can’t grow your hair as long as you would like.

But now you have a reason to brighten up with The ALL NEW Garnier Fructis Long & Strong- a range of shampoo, conditioner & serum – A specialized system for longer and stronger hair!

Wash after wash, this formula enriched with active fruit concentrate, provides every level of the hair with fortifying actives that help strengthen the hair from within and improve shine on the outside. 

Results-

Hair is stronger from within and shinier on the outside.

·         Anti-Breakage: Hair is protected and fortified

·         Anti-Split Ends: Helps prevent from new ones from forming

·         Anti Dullness: Hair shines intensely

For the first time- Fructis brings to you The ALL NEW Long & Strong Serum that smoothes dry, frizzy and unruly hair making it shiny and manageable all day. The serum is the perfect product to complete your hair care regime and provide your hair all that it needs to be longer, stronger and better.

The All New Fructis Long & Strong range makes hair upto 5X stronger from the 1^st wash

Price (MRPs): 

·  Garnier Fructis Long & Strong Shampoo: Rs 199 for 400ml; Rs 117 for 200ml; Rs 64 for 100ml

·  Garnier Fructis Long & Strong Conditioner: Rs 130 for 180g; Rs 68 for 90g

·  Garnier Fructis Long & Strong Serum: Rs 199

The Garnier Fructis range also includes Shampoos & Conditioners for Normal Hair for Damage Care,  Anti-Dandruff, Sleek & Shine, Fall Fight, Fructis Kids (Mango Mischief & Sport Strawberry) and the best selling Shampoo + Oil 2 in One.

For any questions or advice, please contact the Garnier Hair Care Advisor on 022-2492 8284 or toll free number 1800 22 3000 or email at advisor@garnierindia.com

For more details, please contact:

Atul Malikram

09827092823

1500+ people colour their hair with the new Godrej Expert Hair Colour within 12 hours

1500+ people colour their hair with the new

Godrej Expert Hair Colour within 12 hours

- Creates a Happy Hair Record and enters the ‘Limca Book of Records’

In keeping with its Mission: Happy Hair, Happy You; Godrej Expert Hair Colour, India’s No. 1 brand in the hair colour category, sets a new benchmark by entering the Limca Book of records. 

1500+ people coloured their hair with the newly launched Godrej Expert Hair Colour within a span of 12 hours. With this feat, Godrej Expert Hair Colour created history today at Chitrakoot grounds in Andheri in the presence of ace Indian fast bowler Zaheer Khan and Nisaba Godrej, President, Human Capital and Innovation, who graced the occasion and cheered the happy participants.

 

For further detail, please contact 
Atul Malikram 
9827092823 

IDBI Mutual Fund appoints Debasish Mallick as MD & CEO

IDBI Mutual Fund appoints Debasish Mallick as MD & CEO

Mumbai: IDBI Asset Management Ltd. has announced the appointment of Mr. Debasish Mallick as MD & CEO, effective May 19, 2011.

Speaking on his appointment, Mr. Mallick said, “I am delighted to join IDBI Mutual Fund and I am excited about the opportunities that lie ahead. We at IDBI Mutual Fund  intend to deepen focus on company’s mission by assisting fellow investors in making informed investment choices. Backed by an enviable brand and our committed team, I am confident that we shall succeed in our mission”.

Shri Mallick, a post graduate in Economics and a Certified Associate of Indian Institute of Bankers, has nearly three decades of experience in the Banking industry.  Immediately prior to joining the AMC, he was head of Personal Banking Business for IDBI Bank Ltd. (West Zone) which included distribution of Mutual Fund products.  Shri Mallick also has long experience in the areas of Corporate Banking, International Banking, resource mobilization and Treasury among others.

For media queries, please contact

Atul Malikram

9827092823