Posts

Showing posts from February, 2013

Tree House wins the Best PE/VC-backed Education Company Award at VCCircle Annual Awards 2013

Mumbai, February 21, 2013: Tree House Education and Accessories Limited (‘Tree House”), which runs quality pre-schools and also provides educational services to K-12 schools throughout India, has been awarded the Best PE/VC-backed Education Company Award at prestigious VCCircle Annual Awards 2013 held on February 20 at JW Marriott, Mumbai. Tree House is backed by Matrix Partners, Foundation Capital, Omidyar Network and Aditya Birla Private Equity.
About Tree House
Treehouse Education & Accessories Limited (NSE code: TREEHOUSE; BSE code: 533540) runs quality preschools and also provides educational services to K-12 schools throughout the country. Treehouse has revolutionized the concept of pre-school pedagogy in India through the use of innovative teaching methods and child-focused personal care.
For day to day updates on what’s happening at our centers, follow us on Facebook at www.facebook.com/treehouse.playgroup
For more updates and information on the Company, please log on to www…

Hudco's Rs 500 cr (tranche II) tax free bonds issue to open on Feb 21, 2013

Mumbai, February 20, 2013:Housing and Urban Development Corporation Limited (“COMPANY” or the “ISSUER”) is issuing Tax Free Bonds with a Face Value of ` 1000 each in the nature of Secured, Redeemable, Non-Convertible Debentures having benefits under Section 10(15)(iv)(h) of the Income Tax Act, 1961, as amended (“BONDS”) to aggregate amount upto ` 500 crore with an option to retain oversubscription up to the  Residual Shelf Limit i.e. ` 2805.6574 crore.
The minimum subscription is five (5) Bonds across all of the Series of Bonds and in multiples of one (1) Bond thereafter. The Issue will open on February 21, 2013 and will close on March 15, 2013.
The Bonds have been assigned Credit rating of ‘CARE AA+’ by CARE and ‘IND AA+’ by India Ratings and Research Private Limited (IRRPL), indicating high degree of safety regarding timely servicing of financial obligations and carrying very low credit risk. 
The Tranche II – Series 1 and Tranche II - Series 2 Bonds will be redeemed after ten (10) y…

Tree House kids celebrate Valentine’s Day as Grandparents’ Day across India

Image
Unique celebration of love and affection by tiny tots and senior citizens Feb 14,2013: Giving an altogether new dimension to the meaning of LOVE, Tree House Education & Accessories Limited, India's largest self-operated pre-school chain, today celebrated Valentine’s Day as '’Grandparents’ Day” across 349 Tree House campuses. This unique way of celebrating love across all Tree House pre-schools in the country makes it the biggest celebration of love and bonding between grandparents and their grandchildren.
Children studying at Tree House institutions across the country welcomed their grandparents (Dada- Dadi/Nana-Nani) to this unique “celebration of love and affection” and entertained them through various activities such as singing, dancing, skits and games. The main attraction of the entire event was the `ANTAKSHARI’ followed by dance and music programs, in which grandparents and children participated together, followed by snacks and beverages.


Mr. Rajesh Bhatia, Promoter an…

Tree House Education Q3FY13 net rises 31.5% to Rs. 8.05 crore, Total Income up 34%

Tree House plans to launch pre-schools under the ‘Global Champs’ brand
Mumbai, February 14, 2013: Tree House Education and Accessories Limited (‘Tree House”), which runs quality pre-schools and also provides educational services to K-12 schools throughout India, posted a 31.54% growth in its net profit for the quarter ended December 31, 2012 (Q3 FY13) amounting to Rs. 8.05 crore. The total revenue grew by 33.85% to Rs. 30.37 crore during Q3 FY13. The EBITDA for Q3 FY13 grew 42% to Rs. 17.61 crore. The EBITDA margin for Q3 FY13 was 57.98% and the net profit margin was 26.51%.
On a YTD FY2013 basis, Tree House posted total revenue of Rs. 90.27 crore, up y-o-y by 56.44% and a net profit of Rs. 26 crore, up y-o-y by 56.43%. The EBITDA was Rs. 53.01 crore up y-o-y by 57.11%. 
Tree House had a net addition of 40 pre-schools in Q3 FY 2013 and the total number of centres as of December 31, 2012, was 349 across 38 cities. Out of this, the number of self-operated centres was 278 with the ratio o…

Taurian World School brings NASA experience to campus

Image
Becomes first school in India to expose students to reduced gravity aircraft education
Feb 14, 2013: Taurian World School (TWS), the best boarding school in Jharkhand and among India’s top 30 boarding schools, hosted Mr Jim Christensen, educator facilitator for NASA NEW workshops at Johnson Space Centre (JSC) and Chief Instructor of globally renowned Space Trek Programme, at its Ranchi campus today. Mr Christensen is currently on his maiden visit to India and made TWS his first port of call among the country’s educational institutions. Besides TWS, Mr Christensen will visit two more schools in Mumbai.
For students of Taurian World School, especially those who aspire to study aerospace, it was a lifetime experience to share the platform with the space education guru, who has mentored millions across the globe as a science and technology teacher and also as an educational specialist at Johnson Space Centre, US. Mr Christensen made presentations before the students relating to NASA, spacef…

TBZ-The Original unveils ‘Valentines For All’ Collection

Image
February 12, 2013: Valentine's Day - The one day out of the year when we're supposed to express our love for our most loved ones. This Valentine’s Day, Tribhovandas Bhimji Zaveri Limited (“TBZ-The Original”) urges you to fall in love with life all over again with an awe-inspiring ‘Valentine For All’ Collection to express the eternal feeling of infinite love towards all near and dear ones.

You can choose from TBZ-The Original’s scintillating collections specially designed for you. The Collection consisting of alluring sets in gold and diamonds represents wedding specialist TBZ-The Original’s unmatched prowess in innovative jewellery design, a hallmark that has made this more than a century-old company an institution in the realm of jewellery. Choose from the new sensuous ‘Showstopper’ jewellery collection in gold and diamonds for all occasions such as social gatherings, get-togethers and parties. TBZ–The Original’s exquisite gold and diamond jewellery collection comprises a thou…

Parwaaz launches `Love your Environment…Go Green Campaign’ to create awareness for a Green Future among the youth

Image
Mumbai/Thane: February 8, 2013: As the country’s youth are busy preparing for the upcoming Valentine’s Day on February 14, Thane-based Parwaaz Multifoundation (a not-for-profit NGO) has launched a unique social media campaign `Love your Environment…Gift a Tree to your loved ones on Valentine’s Day’ to create awareness about a Green Future among young people.  There is an alarming amount of carbon produced by individuals, public and private sector organizations, and offsetting that carbon footprint by planting trees, supporting renewable energy, buying carbon credits, and practicing other energy conservation strategies even at an individual level can make a huge difference to climate change. We should all respond to the climate change challenge by going carbon neutral.
Commenting on the initiative Aryan Rana, Chief Operating officer, Parwaaz Multifoundation, said: “Global warming and climate change is a serious problem, caused primarily by the carbon dioxide released from burning fossil…

PC Jeweller celebrates Valentine’s Day with Dazzling Diamonds and Alluring Discounts

Image
New diamond and gold jewellery collection studded with
robust discounts to add extra sparkle to Valentine’s Day 

8 February, 2013: PC Jeweller Limited – one of India’s leading jewellery houses – today announced robust discounts between 9 and 14 February to celebrate Valentine’s Day this year, coupled with the launch of their new jewellery collection.
As love-struck couples seek to surprise each other with sparkling Valentine’s gifts, PC Jeweller has introduced exclusive discounts for diamond jewellery and gold jewellery. Customers buying diamond jewellery will receive a 14% discount on the jewellery, whereas those opting for gold jewellery will profit from a 14% discount on the making charges. The discount schemes will be available for six days in all 30 showrooms of PC Jeweller across India.
The glittering new range of Valentine jewellery features stunning certified round diamonds and eye-catching red-coloured stones that add zing to the irresistible designs produced by the in-house de…

PC Jeweller Limited Q3FY13 Net Profit at Rs 66.90 cr

February 7, 2013: PC Jeweller Limited (PCJ), a leading jewellery house offering a wide range of products including gold jewellery, diamond jewellery and other jewellery products including silver articles, today announed their third quarter results of the financial year 2013.
The company has achieved a topline of Rs 2874.23 cr for the 9 months ending Dec 31, 2012, which consist of a domestic turnover of Rs 2102.83 cr and export turnover of Rs 771.40 cr. The comparative figures for the FY ended March 2012 were Rs 3041.92 cr, Rs 2039.49 cr and Rs 1002.44 cr respectively. The company has achieved a turnover of Rs 1018.53 cr in Q3, which consists of domestic turnover of Rs 852.34 cr and export sales of Rs 166.18 cr. The net profit for the third quarter stood at Rs 66.90 crore and for the nine months was Rs. 208.20 crore.
PCJ has earned an EBITA of Rs 114.32 cr during Q3., and the 9 month EBITA as on 31.12.12 is Rs 353.26 cr vis a vis an EBITA of Rs 356.09 cr as on 31.03.12.
The company is …

Tribhovandas Bhimji Zaveri – Q3 FY13 net rises 30% Total Income up 65%

February 6, 2013: Tribhovandas Bhimji Zaveri Limited (“TBZ – The Original”), India’s well-known and trusted jewellery retailer with a rich legacy of around 150 years, continues on its growth and expansion plans in FY13.  TBZ has posted total income (standalone) of Rs. 577.08 crore, for the quarter ended December 31, 2012. The Company posted a net profit of Rs. 24.73 crore for Q3 FY 2013. The Company achieved an impressive top line growth of 65% and bottom line growth of 30% on Quarter over Quarter despite a tough economic environment and higher gold prices.
The EBITDA for Q3 stood at Rs. 43.59 crore and the EBITDA margin for Q3 was 7.55% of total income even though the industry faced several challenges in the third quarter. TBZ has achieved net profit margin at 4.29% for the quarter on account of sales growth, an optimal sales mix of gold and diamond wherein diamond jewellery sales enhanced the margins. The jewellery business continued to be affected by input cost increases and depres…

Tree House kids to celebrate Valentine’s Day as Grandparents’ Day

Image
Unique celebration of love and affection by tiny tots and senior citizens
February 5, 2013: Giving an altogether new dimension to the meaning of LOVE, Tree House Education & Accessories Limited, India's largest self-operated pre-school chain, will celebrate Valentine’s Day on February 14 as '’Grandparents’ Day”. This unique way of celebrating love across all Tree House pre-schools in the country makes it the biggest celebration of love and bonding between grandparents and their grandchildren. Children studying at Tree House institutions across the country invite their grandparents (Dada- Dadi/Nana-Nani) to this unique “celebration of love and affection” and entertain them through various activities such as singing, dancing, skits and games. The main attraction of the entire event is the `ANTAKSHARI’ followed by dance and music programs, in which grandparents and children participate together. Thereafter a mass snack feast is also organized. Tree House kids have already sent…