Jubilant Organosys Bags Golden Peacock Global Award 2007
Jubilant Organosys has bagged the coveted Golden Peacock Global Award (2006-07)
for "Excellence in Corporate Governance". The award is given by the World
Council for Corporate Governance, UK, annually, to companies that have
demonstrated benchmark standards of corporate governance. More than 120 entries
were received from 24 countries around the world.
The award recognizes Jubilant as having demonstrated best corporate governance
practices in the effective functioning of Board and Committees, transparency in
disclosure to shareholders and general public, tremendous growth in the
company's business results and market capitalization and contribution to social
and environmental causes.
Shyam S Bhartia, chairman and managing director said, "Jubilant has rapidly
emerged as a true multinational, with a professionalised management team driving
its growth, by embodying the highest standards in governance".
(Ref: The Biospectrum October 2007)
'Destiny'- a New Digital Aid For Indian Market By Starkey
A state-of-the-art digital hearing aid targeted for children
US-based global hearing solutions company, Starkey, would enter the Indian
market with its digital hearing aid called 'Destiny' by November this year. The
aid is specifically targeted at children.
Till then, it is involved in distributing 'Destiny' to thousands of children as
a part of its CSR activity. Says Dr Girija Sundar, Director of Business
Development, Starkey, "The USP of this product is that it brings down the
'whistle effect' dramatically. The effect is cut down with the help of active
feedback interrupt. Also, it has a directional microphone that accepts
telephonic sound without the distortion." In this era of digitisation, the
company feels that the market is apt. "About 92 per cent hearing aids sold in
the US are digital," informs Sundar.
Costing between Rs 10,000-Rs 50,000, the shelf life of the product would be four
to seven years in India. The product is re-programmable and can be re-used.
However, the biggest concern is that there are not many qualified audiologists
in India and hence awareness is low. Said Rohit Misra, Managing Director,
Starkey, "Compared to the Western countries, the number of qualified
audiologists is abysmally low. We have just around 1,200 professionals for a
country of billion people. Hence, awareness needs to be stepped up."
In a panel discussion, organised by Starkey, the issues, problems and challenges
faced by the hearing impaired were also raised. Commenting on the increasing
vulnerability of the youth, Dr Prashant Kamble, Audiologist, Wockhardt Hospital,
Mumbai, cautioned, "Listening to I-pods, playing video-games and exposure to
loud music in discos are common today. Little do they realise about the
significant impact it can have on their hearing." On the same ground, agreed Dr
R Oza, Audiologist and HOD, Nanavati Hospital, Mumbai, "There are many aspiring
youngsters who come for the audiometric test which is mandatory for being a
pilot, but at least 20 per cent of them fail this test."
(Ref: The Express Healthcare October 2007)