Companies & Sectors
Softcell to provide sales and services support for Macs in India

Softcell will provide sales and services support for Apple products to corporate customers in India for Apple's world class products like the iMac, MacBook Air, MacBook Pro, Mac Mini, etc. It will also provide the technical know-how to customers for integrating Apple products in their business environment

Softcell Technologies (Softcell), a leading IT services company providing end-to-end System Integration Services, has been appointed as an "Authorised Apple Reseller" in India by Apple. The former will provide sales and services support for Apple products to corporate customers in India for Apple's world class products like the iMac, MacBook Air, MacBook Pro, Mac Mini, etc. Softcell will also provide the technical know-how to customers for integrating Apple products in their business environment.

Announcing this, Sunil Dalal, managing director of Softcell Technologies said, "Apple products provide amazing value and return on investment to customers. With this association, customers will see tremendous benefits by adopting Apple's cutting edge technology combined with Softcell's experience in understanding the Indian enterprise customer's needs."

Mr Dalal added, "Associating with Apple underlines Softcell's commitment to provide a comprehensive end-to-end product and technology offering to corporate customers in India. Apple products have gained acceptance around the world in the corporate workspace with products like the MacBook Pro, MacBook Air and iPad and we think businesses in India are no different."

Business users in India today want to work in office using the same type of devices that they use in their home. Apple offers a broad portfolio of products and technologies that enterprises in India traditionally have not considered in their IT buying process but are now increasingly adopting as a result of their employees wanting to work in office using Apple's products.

In a development announced on Thursday, Softcell has been chosen as the Product Development Company's (PTC) first Platinum Partner in the country after successfully reaching the Platinum Partner revenue target set by the organisation.

Softcell is a leading systems integration services company in India and specialises in sales of IT software, hardware, solutions and consulting services to corporate customers in India. Founded in 1989, it has offices in Delhi, Pune, Hyderabad, Bangalore and Chennai.

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Government hikes upstream oil companies’ subsidy burden on fuel to 38.8%

Of the Rs78,159 crore revenue that retailers lost on selling diesel, domestic LPG and kerosene below cost in the 2010-11 fiscal, ONGC has been ordered to chip in Rs24,892.43 crore, while OIL will provide Rs3,293 crore and GAIL Rs2,111.24 crore

New Delhi: In a move that may spook Oil and Natural Gas Corporation's (ONGC) planned public offering, the government has hiked the contribution of upstream oil companies toward fuel subsidies to 38.8% for 2010-11 fiscal, reports PTI.

Of the Rs78,159 crore revenue that retailers lost on selling diesel, domestic LPG and kerosene below cost in the 2010-11 fiscal, upstream firms ONGC, Oil India and GAIL India have been ordered to contribute Rs30,296.7 crore, or 38.8%, sources in the know of the development said.

Traditionally, upstream companies made up roughly one-third (33%) of the revenues lost on fuel sales through discounts on crude oil and products they sold to Indian Oil Corporation (IOC), Hindustan Petroleum Corporation (HPCL) and Bharat Petroleum Corporation (BPCL).

But the oil ministry yesterday issued orders raising the upstream contribution to 38.5%, they said, adding that ONGC has been ordered to chip in Rs24,892.43 crore, while OIL will provide Rs3,293 crore and GAIL Rs2,111.24 crore.

ONGC, which had in the first three quarters of the 2010-11 fiscal provided Rs12,757 crore in subsidy, has seen its stock price plummet by 11% in anticipation of an increase in its share of subsidy. It was down 1.55% at Rs273 on the Bombay Stock Exchange in noon trade today.

The government had planned to sell 5% of its shares in ONGC in a follow-on public offering (FPO) in July to raise Rs12,000 crore, but at the current price, it may get just over Rs10,000 crore.

The government has paid a total of Rs40,912 crore, or just over half of the revenue loss, in cash subsidy to the retailers.

Of the upstream subsidy, IOC will get Rs16,703.73 crore, BPCL Rs6,960.04 crore and HPCL Rs6,632.98 crore. The three firms will absorb the remaining revenue loss.

Sources said the share of the upstream firms was increased as the finance ministry provided only Rs20,001 crore in the second instalment of the cash subsidy as against the demand of Rs26,000 crore.

While petrol prices were freed from the government control last June, state oil firms continue to sell diesel, domestic LPG and kerosene at government-ruled prices, which are substantially lower than the cost of production.

IOC, BPCL and HPCL currently lose Rs16.49 per litre on diesel, Rs29.69 per litre on kerosene and Rs329.73 per 14.2-kg LPG cylinder.

In the 2010-11 fiscal, the three firms lost Rs78,202 crore, but the government provided only Rs40,912 crore in compensation. The oil marketing firms lost Rs2,227 crore on selling petrol below imported cost during April and June before its price was freed from government control.

They lost Rs34,384 crore on the sale of diesel, Rs19,566 crore on PDS kerosene and Rs22,025 crore on the sale of domestic LPG.

The official said at current prices, the total revenue loss in the current fiscal is estimated at Rs170,676 crore.

While petrol prices were hiked by a steep Rs5 per litre last week, an increase in the price of the other products is on the cards to contain the revenue loss.

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