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Market may open slightly higher - Business Standard

Reliance Industries (RIL) said before market hours that IndiaWin Sports, which owns the IPL franchise Mumbai Indians, that it has not bid for a franchise in the upcoming Indian Super League. The company added Indian Super League provides a promising opportunity for a sports brand to unique connect, brand extension and value creation. However adhering to the highest standard of corporate governance and transparency, and in the larger interest of the sport, the management at IndiaWin Sports had taken a conscious decision not to participate in the bidding process.

Sun Pharmaceutical Industries and Ranbaxy Laboratories announced that they have entered into definitive agreements pursuant to which Sun Pharma will acquire 100% of Ranbaxy inan all-stock transaction. Under these agreements, Ranbaxy shareholders will receive 0.8 share of Sun Pharma for each share of Ranbaxy. This exchange ratio represents an implied value of Rs 457 for each Ranbaxy share, a premium of 18% to Ranbaxy's 30-day volume-weighted average share price and a premium of 24.3% to Ranbaxy's 60-day volume-weighted average share price, in each case, as of the close of business on 4 April 2014.

The combination of Sun Pharma and Ranbaxy creates the fifth-largest specialty generics company inthe world and the largest pharmaceutical company in India. The combined entity will have operations in 65 countries, 47 manufacturing facilities across 5 continents, and a significant platform of specialty and generic products marketed globally, including 629 ANDAs. On a pro forma basis, the combined entity's revenues are estimated at $ 4.2 billion with EBITDA of US$ 1.2 billion for the twelve month period ended December 31, 2013. The transaction value implies a revenue multiple of 2.2 based on 12 months ended 31 December 2013.

Dilip Shanghvi, Managing Director of Sun Pharma said, "Ranbaxy has a significant presence in the Indian pharma market and in the US where it offers a broad portfolio of ANDAs and first-to-file opportunities. In high-growth emerging markets, it provides a strong platform which is highly complementary to Sun Pharma's strengths. We see tremendous growth opportunities and are excited with the prospects to create lasting value for both our shareholders through a successful combination of our franchises." "We believe this transaction brings significant value to all Ranbaxy shareholders. Sun Pharma has a proven track record of creating significant long-term shareholder value and successfully integrating acquisitions into its growing portfolio of assets. We are confident that Sun Pharma is the ideal partner to help us realize our full potential and are excited to participate in future value creation opportunities," stated Arun Sahwney, Managing Director and Chief Executive Officer of Ranbaxy.

Market may open slightly higher - Business Standard

Sun Pharma gains on acquiring Ranbaxy - Business Standard

Sensex , was up 43.10 points or 0.19%, off close to 15 points from the day's high and up about 80 points from the day's low. The market breadth, indicating the overall health of the market, was positive.

Bharat Heavy Electricals (Bhel) dropped after the company reported weak results on provisional basis for the year ended 31 March 2014. Tata Steel rose after the company said its hot metal production rose 11.74% to 9.90 million tonnes per annum (MTPA) in the year ended 31 March 2014 (FY 2014) over the year ended 31 March 2013 (FY 2013).

Ranbaxy Laboratories dropped after the two companies in a joint statement issued on Sunday, 6 April 2014 announced that they have entered into definitive agreements pursuant to which Sun Pharma will acquire 100% of Ranbaxy in an all-stock transaction.

Foreign Institutional Investors (FIIs) bought shares worth a net Rs 232.46 crore on Friday, 4 April 2014, as per provisional data from the stock exchanges.

Sun Pharma gains on acquiring Ranbaxy - Business Standard

Digest: Sam Pitroda, Ozone Media, Amazon & others - MediaNama.com

Prime Minister’s advisor on innovation Sam Pitroda was said that the UPA government “messed up” and took some wrong decisions, including on Vodafone , reports The Economic Times . He said that the government’s decision to retrospectively tax Vodafone spooked the global investor community, which saw it as an example of inconsistent policy. He also blamed the government for not having the political will to push through legislations.

These are bold statements and it needs to be noted that he made them while speaking at a function organised by the Congress. The question however is, can the next government (no matter who comes to power) fix what has been done and build on the good policies to improve the investor environment in India? Rupee had crashed against the Dollar last year, but it has recovered substantially in 2014.

Ozone Media, India based digital technology company, announced the opening of a new office in Silicon Valley, California. It has set up a product and technology team there to explore new arenas in digital technologies, so that the company looks to enter its next phase of growth.

It had recently moved beyond the ad network space by launching a dynamic creative optimization product (DCO) called Adadyn. The company’s founder Kiran Gopinath had told Medianama then that the the company scaled down operations in India after facing issues with cash flow . It had also tied-up with Facebook last year to offer ad inventory to its advertisers in India. It had also entered the mobile advertising space, by tying-up Times Internet as their exclusive sales partners for IPL 2012 WAP, Android and Blackberry Applications.

Digest: Sam Pitroda, Ozone Media, Amazon & others - MediaNama.com

Landing Page Optimization in the Penguin Age - Business 2 Community

Penguins come in all shapes and sizes, and Googles penguins are no different. There have been five Google Penguin updates so far, and with more set to follow, its more important than ever that webmasters get their websites just right.

Naturally, you want to get traffic to your website  a website without traffic is useless to its creators  but there have been numerous issues over the use of certain SEO techniques.

The first step to landing page optimization is to make sure its optimized for your keywords. This is basic SEO, but remember that Google tends to punish people if they over-stuff keywords into a landing page. Aim to have no more than a 4 percent keyword density, and make sure its content that people want to read. Always ask yourself this: Would I want to read it? If you wouldnt want to read it, you know what to do with the content.

Thats where hiring a professional writer can really pay dividends. A professional-looking site with solid content can also lead to higher conversions, whether your revenue is modeled around lead generation, advertising or straight-out selling.

Landing Page Optimization in the Penguin Age - Business 2 Community

JoGuru Is A Travel Planner That Optimizes Your Itinerary - The Next Web

Coming up with an itinerary for your holiday can be a headache-inducing task  after all, it takes so much effort to plan which attractions you would like to visit, the best way to get to your various destinations within the opening hours, and how much you need to pay at each place.

JoGuru , a travel startup based in India, conducted some research on over 12,000 travelers in cities like Paris, London, New York, Delhi, Mumbai and Singapore  and found that on average, a regular traveler has to browse about eight to 20 websites, key in anything from five to 40 queries on Google, and ask up to three questions on forums or social networking websites such as TripAdvisor. All in all, this adds up to anything from two hours to two weeks of time spent planning.

JoGuru aims to solve this problem with a very visual solution: it displays a map with whatever attractions you have selected, and optimizes your travel route with an algorithm  basically arranging the sequence of your attraction visits according to the distance between them and their opening and closing times.

Speaking with JoGuru CEO and co-founder Praveen Kumar recently, I appreciated the fact that the site is a useful tool for trip planning, but felt there were key elements missing that would be particularly helpful for planning an itinerary  such as hotel locations.

JoGuru Is A Travel Planner That Optimizes Your Itinerary - The Next Web

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Tag : Search Engine Optimization SEO

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