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Finance
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Written by ANI
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Wednesday, 27 August 2008 |
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Mumbai, Aug 27 (ANI/Business Wire India): Cleartrip, India's favorite online travel portal has teamed up with Tata AIG General Insurance Company Ltd. (Tata AIG General) to offer domestic travel insurance solutions to its customers. This new product, called 'TravInsure', can be purchased by customers through a simple tick while making their domestic airline bookings. TravInsure covers Cleartrip travelers against the following pitfalls of modern day travel: -- Flight delays -- Medical expenses incurred while traveling -- Lost baggage -- Flight cancellations due to sickness, injury or Death. The policy can be bought online for just Rs. 129 per round trip. The policy is valid for the duration of a round trip cross-sector travel or 30 days from the date of booking. Cleartrip now offers travel insurance to meet the changing needs of the Indian consumer. Speaking about TravInsure Noel Swain, Vice President, Marketing Cleartrip, said: "At Cleartrip, we always try to add more value to the services we offer to our customers. This initiative will ensure that travelers feel safe and secure while using our services. And what better partner than Tata AIG General which offers excellent quality in their travel insurance products." Commenting on the association, Gaurav D. Garg, Managing Director, Tata AIG General Insurance Company Ltd. Said: "We are delighted to tie up with Cleartrip to offer a meaningful yet an inexpensive product to their customers. As modern India takes to the skies, it is becoming increasingly important to offer greater value to customers. With this partnership Tata AIG General has consolidated dominance in the space of Domestic Travel Insurance in addition to leadership in overseas Travel Insurance." The TravInsure policy will cover damages ranging from Rs1,500 to Rs 7,50,000. (ANI)
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Last Updated ( Wednesday, 27 August 2008 )
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Written by ANI
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Wednesday, 27 August 2008 |
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Mumbai, Aug 27 (ANI): The Bharat Sanchar Nigam Ltd (BSNL) will switch over to the Call-Detail-Record (CDR) billing system for its 3.5 crore landline subscribers in the next couple of months. "Our landline billing system as of now works on the conventional technology, and we are unable to give a customised offer to subscribers. But very soon all that will be a thing of the past," BSNL Deputy Director General, (Enterprise Business), Sunil Kumar said. The project to connect all BSNL exchanges across 20 cities will be implemented in phases and is scheduled to be completed in the next 6-8 months. CDR will enable generation of a single bill for an entire corporate house. Similarly, payments can also be made from anywhere in the country. The service provider will be able to offer different tariff plans to landline customers on the lines of mobile tariff plans. The introduction of the CDR billing system is part of the BSNL's plans to become an information and communication technology (ICT) services provider. (ANI)
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Last Updated ( Wednesday, 27 August 2008 )
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Written by ANI
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Wednesday, 27 August 2008 |
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Bangalore, Aug 27 (ANI/Business Wire India): The Writers Block (TWB) has introduced a range of new corporate trainings, which will help technology and intellectual property-driven businesses to manage their information and technical content needs better. TWB's trainings are useful in particular for the Knowledge Process Outsourcing (KPO) sector, for large Information Technology companies and Research and Development outfits. The TWB Scientific and Technical Report Writing portfolio enhances the capabilities of its customers to create high-impact, easy-to-reference reports that allow their (internal and external) customers make effective business decisions. TWB solutions help close the gap between those who ideate and those who execute or communicate. TWB training comprises: -- A patented TWB approach to building foundations in the key principles of writing -- Information structuring of Scientific and Technical Reports IT, KPO, R and D and other scientific and technological-based organizations differentiate themselves by their ability to bring technical innovation to the market. However, to do so hundreds of decisions need be made within the ecosystem of each organization to preserve the momentum of scientific innovation. In order to create effective decision points, it is critical that research information is captured in an easy-to-understand, easy-to-reference, shareable form, typically not a priority with innovators. TWB's patented methods allow for these innovators to create such scientific and technological artifacts that can be shared within the innovation ecosystem and also create effective decision points. TWB's training portfolio thus enhances returns on investment in innovation. TWB's trainings already allow many leading India-based technological and scientific research majors communicate more effectively with their ecosystems. Some key TWB clients in this space include India-based IT, KPO, R and D and Government bodies, spanning across sectors of software development, aerospace and defense, pharmaceutical, hi-tech manufacturing and engineering. Speaking at the launch of new training programs, Rakesh Shukla, Founder and CEO, TWB said, "Technological and Business innovation is a key sustainable differentiator across business categories and certainly for our customers in research, critical businesses like IT, KPO, aerospace and defense, manufacturing and pharmaceuticals. The challenge that all customers face is to 'abstract' the innovation that is localized with a few individuals and make it available to the whole innovation ecosystem." "This ecosystem of partners, fellow researchers, customers and management, can then make effective decisions in time to drive the direction of research, extract the maximum value for investments made, and cut out research loss. TWB's offering will support companies looking to enhance their innovation management capability. It also is a very uncommon offering in terms of training, and TWB is one of the very few organizations focused on this area," Shukla added. TWB currently offers over two-dozen corporate training options using the classroom, online, and blended learning methods. TWB delivers customized technical communication programs to suit trainee expertise standards and scheduling requirements. (ANI)
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Last Updated ( Wednesday, 27 August 2008 )
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Written by ANI
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Wednesday, 27 August 2008 |
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London, Aug 27 (ANI): Cairn India, a subsidiary of the UK-based Cairn Energy, may produce up to 71 per cent more oil from the Rajasthan field and is close to securing the credit lines that will ensure sufficient funding is in place to start production next year. The Rajasthan field is the largest oil find in the country after Oil and Natural Gas Corporation's (ONGC) Bombay High discovery in 1974. ONGC holds 30 per cent in the block. Chief Executive Sir Bill Gammell said the company "is on track to deliver crude oil from Rajasthan in the second half of 2009." This is despite his acknowledgment that "recent developments in the financial markets may impact the group's ability to raise the necessary credit facilities to complete work programmes," The Telegraph reported. Cairn expects to foot 1.82billion dollar of the 2.6billion dollar bill for developing the field and building a pipeline, with the remainder coming from its partner, India's state oil company ONGC. Cairn will meet the cost through cash on its balance sheet, which stood at 1.18 billion dollar at the half year, and debt. Last week, Cairn signed a commitment with its five lending banks to increase its 840million dollar facility to 1.4 billion dollar. The Rajasthan field, which has the potential to provide India with a fifth of its oil production, is thought to contain at least a billion barrels and to be able to produce 175,000 barrels a day at its peak. Assuming an oil price of 100 dollar, it will generate cash of about 3 billion dollar a year. (ANI)
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Last Updated ( Wednesday, 27 August 2008 )
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Written by ANI
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Tuesday, 26 August 2008 |
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Bangalore, Aug 26 (ANI/Business Wire India): VISTAGY, Inc., a leading global provider of specialized engineering software, today announced a strategic partnership with CSM Vigyan, a CSM Group company, one of the foremost Virtual Product Development solution providers to the Indian aerospace and automotive markets. The partnership will enable CSM Vigyan to provide the most cutting edge software for engineering composite products and airframe assemblies, while extending VISTAGY's global reach by developing a strong presence in a critical emerging market. CSM Vigyan was established as a CSM group company in 2006 to capture emerging opportunities in high end technology areas in the aerospace markets. CSM Vigyan will leverage the extensive aerospace and automotive industry experience of its group, consisting of CSM Software LLC and CSM Software Pvt. Ltd. With a long history of delivering CAD/CAE solutions, including composites engineering expertise, CSM Vigyan is an ideal partner for VISTAGY in the fast-growing Indian market. "The use of composite materials and need for specialized engineering solutions are both expanding so rapidly that the partnership with VISTAGY is extremely important for us," said Dr. Swami Narayanaswami, chairman of the CSM Group of companies. "FiberSIM(r) is the leading software available to engineer composite products in the aerospace and automotive industries, so we're confident that we can help VISTAGY continue to extend its worldwide leadership position. We also think VISTAGY's Airframe Development Environments have great appeal in our market because the software enables aerospace engineers to design and manufacture airframes much more efficiently and cost-effectively," Narayanaswami added. "We're pleased to be working with CSM Vigyan," said Steve Luby, president and CEO of VISTAGY. "We have recently experienced a significant level of activity in the Indian market and CSM Vigyan is well positioned to take advantage of it. It is a very well regarded company with a long history of building strong relationships with its customers. Our partnership with CSM will enable VISTAGY to make an impact in a market that is increasingly strategic for us and will also ensure that our customers are well supported and successful," Steve added. (ANI)
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Last Updated ( Tuesday, 26 August 2008 )
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