Biz Briefs

SAP ACE Award for Sudarshan Chemicals

Sudarshan Chemical Industries has won the SAP ACE Award for Customer Excellence,2010 in the category of best-run medium enterprises ¿ manufacturing. The award is in recognition of Sudarshan’s position as the best SAP Implementer in the business of chemicals and setting global benchmarks in excellence in implementation. Senior manager (Information Systems) Sandeep Mhalgi said the award recognised its commitment of using information technology in the chemical business to gain competitive advantage and to lay the foundation of growth for the future.

Griffon Tours to market Blue Ocean Cruise Lines

City- based Griffon Tours and Travels will handle the marketing and promotion of the domestic cruises launched by European Cruise Company — Blue Ocean Cruise Lines,which has announced one-night high seas,two-nights Goa and four-nights Lakshadweep cruise itineraries,starting October-end. Blue Ocean Cruise Lines managing director and CEO Onell Khosa said the nine-deck MV Ocean,refurbished in 2008,could accommodate 574 passengers in 231 cabins. “The company has tied up with Taj Hotels to cater for both Indian and international cuisines,including Jain meals,and will be serving five meals a day. The company has also tied up with Air India to promote the Fly Cruise package.

Cummins net sales crosses 1,000-cr mark

The net sales of Cummins India for the quarter ended September 30,2010 stood at Rs 1,067.5 crore,exceeding the Rs 1,000-crore mark for the first time. This represents a growth of 73 per cent over the same period last year and 17 per cent over the preceding quarter. It net profit before tax of Rs 228 crore was also at an all-time high,representing 91% growth over the same period last year.

Granules India records Rs 4.5-cr net profit

Granules India has announced its financial results for second quarter ended September 30 in 2011 fiscal. The net profit saw a dip from Rs 7.7 crore last year to Rs 4.5 crore this year. On a consolidated basis,Granules declared a revenue of Rs 117.9 crore and a net profit of Rs. 4.5 crore. The net sales was Rs 117.9 crore,as compared to the same period last year at Rs 114.5 crores. On a standalone basis,the company achieved sales of Rs 100.2 crore and a net profit of Rs 5.3 crore.

ShopSocially receives $1.1 mn funds

ShopSocially,a social recommendation engine for online shopping,has received $1.1 million from various sources,including investors Raman Khanna,Junglee founder Ashish Gupta and Dharmesh Thakker. The site,having over 10,000 product recommendations,will be helpful in providing shopping recommendations and discovering new products.

iParmar Group launches township project

Guardian minister Ajit Pawar conducted the bhoomipoojan ceremony of iParmar Group’s 34-acre township project,iParmar’s River Residency,at Dehu Alandi Road,Chikhali. Pimpri-Chinchwad Mayor Yogesh Behl was also present. River Residency,a joint project with Vijaylaxmi Group,has residential as well as commercial spaces.

Lissome range for working women

Lissome Cosmetics has introduced a new range of lipstyles,nail styles and lip glosses for working women,the company said in a news release.