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IBS Group Consolidates Full Control Over its IT Services Segment
RAMSEY, Isle of Man, February 16, 2012 /PRNewswire/ --
IBS Group has completed an acquisition of 14.09% shares in the IT services segment, consolidating its full control. IBS is a leading provider of IT Services in Russia, with 7% market share and a strategic focus on business application implementation, where it holds 18% of the market. Its core line of business is complex project implementation in IT services and IT consulting for major Russian and international corporations and the public sector, including 39 of TOP-50 Russian companies. The company builds and secures long-term customer relations based on its outstanding engineering background, innovation and deep industry expertise.
Commenting on the transaction, the Group's President Anatoly Karachinsky said: "Streamlined corporate structure and buy-out of a minority shareholder helps maximise the IT Services segment's return for shareholders, simplify planning and budgeting and further prioritise our business development strategies."
Dmitry Ivanov
Investor Relations Director
IBS Group
tel: +7-495-967-8000
fax: +7-495-967-8099
cel: +7-916-618-4034
dvivanov@ibs.ru
http://www.ibsgr.com
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IBS Group Consolidates Full Control Over its IT Services Segment
Films In Peel
by Films in Peel
Next film to be screened by Films in Peel at the Centenary Centre, on Wednesday 22nd February, is a film made on the Isle of Man - Albatross (cert 15A). This movie stars young British actress, Jessica Brown Findlay (recently of Downton Abbey fame). She plays Emelia, a rebellious, seductive teenager who finds a job at a guest house and befriends the daughter of the house. Emelia turns heads and quickly finds herself having an affair a little too close to home. Co-starring Felicity Jones, Sebastian Koch and Julia Ormond, this movie was almost entirely filmed on location on the Isle of Man. The scenery is breathtaking and shows our beautiful coastline at its best. Great film for location spotting!
Hilary Dugdale of Isle of Man Film will do a short introduction and tell the audience a little bit about the making of the film.
Tickets on sale at Celtic Gold in Peel at £4 (£3 conc.). Tickets are also on sale for films coming up: Young Hearts Run Free (cert 12) (Thurs 8th March), Tinker Tailor Soldier Spy (cert 15) (Wed 14th March) and Jane Eyre (cert PG13) (Wed 28th March). Tickets are also available on the door. Reservation tickets with a seat guarantee from Shakti Man (Ramsey), Mostly Manx (Douglas) and Thompson Travel (Port Erin). Film starts at 7:45pm. Refreshments and bar available from 7pm.
Films in Peel have also announced their April - June programme. The list includes multi-award winning film from Iran, A Separation (cert PG13), Irish comedy The Guard (cert 15) and acclaimed British movie My Week with Marilyn (cert 15).
For further information visit http://www.centenarycentre.com, http://www.facebook.com/filmsinpeel or join the Films in Peel mailing list: filmsinpeel@manx.net.
-ENDS-
In Other Isle of Man News
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Films In Peel
Freedom fighter Bhaskar Pandurang Ayre passes away
Home > News > maharashtra-news
Thane, Feb 15 : Freedom fighter Bhaskar Pandurang Ayre died here tonight after a brief illness.
Ayre, 80, is survived by his wife, a daughter and two sons.
His funeral will be held at Jawhar tomorrow at 1030 hrs.
Ayre, who belonged to the Thane district, had participated in the Goa freedom struggle.
He was actively participating in all activities of the Jawhar princely state, predominantly tribal region, which was later converted into a Taluka in Thane districts.
He was part of the batch from Thane district which under the leadership of late Vasudeo Karandikar took part in the Satyagraha at Daman on August 15, 1955.
Ayre served as a driver with the State Transport Corporation of Maharashtra for some time.
Meanwhile, a well-known social worker Ravindra Vaidya condoled his death, saying it was an irreparable loss to people of Jawhar.
A number of prominent people from Jawhar and from all walks of life visited his house and condoled his death. (UNI)
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Freedom fighter Bhaskar Pandurang Ayre passes away
Best college savings plans
2/15/2012 5:33 PM ET
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These tax-free programs, run by states, can be a good option for those who want to build up a college-savings account. But you need to know which ones are worth considering.
State-run 529 college savings plans are getting better.
They're reducing fees, improving investment options and reporting better performance. These programs, which allow parents and others to invest in tax-free accounts to pay for college, are benefiting from closer supervision by many of the states, which are negotiating better terms with the investment companies that administer them. For the first time, no plan wound up in Morningstar's "bottom" rank in the research company's most recent review.
"The days of really stinky investments embedded in 529s are over," said Laura Pavlenko Lutton, the editorial director for Morningstar. "The industry's really improving."
That said, there remain big differences among the plans, particularly when it comes to fees. The most expensive plans (Kansas' adviser-sold version of LearningQuest, New Jersey's Franklin Templeton 529 College Savings Plan and Alaska's John Hancock Freedom 529) cost investors seven times more than the cheapest plans (the Utah Educational Savings Plan and New York's 529 College Savings Program).
Costs matter -- a lot. The more expensive an investment is, the less likely it is to outperform over the long run, Morningstar analysis has shown. In the 529 world, high fees were often coupled with poor performance, as some high-cost program administrators larded their plans with "weak sister" funds that trailed their peers.
Liz Weston
Residents of states that offered tax breaks for 529 contributions once had to hold their noses and invest in bad plans. That's because a state tax break was assumed to be big enough to offset a plan's downsides. That's because the tax break was usually assumed to be big enough to offset the plan's downsides.
Today, everyone has better options available, but you have to know what they are if you want to take advantage. Here's what you need to know.
Start with your tax situation
Whether or not you get a tax incentive helps determine where you should invest:
Most states that tax incomes offer some kind of tax incentive for investing in a 529 plan. (Alaska, Florida, Nevada, South Dakota, Texas, Washington and Wyoming have no state income taxes and therefore no tax break.) The exceptions to the rule are California, Delaware, Hawaii, Kentucky, Massachusetts, Minnesota, New Hampshire, New Jersey and Tennessee, all of which have a state income tax but none of which offer a tax break. (New Hampshire and Tennessee tax only dividend and interest income.) Residents of three states -- Kansas, Missouri and Pennsylvania -- get a tax break if they invest in any state's plan. The other states with tax breaks require residents to stick with their in-state plans. Most states with tax breaks allow residents to deduct their contributions, up to certain limits, from their taxable income. (You can see details of each state's tax break here.) Three states -- Indiana, Utah and Vermont -- offer tax credits, which directly reduce tax bills. Indiana's is the most generous tax benefit by far: Residents get an annual credit worth 20% of the first $5,000 of 529 contributions, which allows them to subtract up to $1,000 from their state tax bills. No reason to stay put? Go for the best
If your state doesn't give you a tax incentive or doesn't require you to invest in your own state's plan to get it, then you might as well invest in one of Morningstar's top-rated plans that are sold directly to investors (rather than through an adviser). These include:
Alaska's T. Rowe Price College Savings Plan and the Maryland College Investment Plan. These are good choices for investors who want active management and are willing to be more aggressive. Both of these T. Rowe plans "are built upon a chassis of well-executed funds," Morningstar says, but it notes that expense ratios are higher and that the aged-based options' asset allocations are heavier on equities than are other direct-sold plans, which rely more on index funds. Ohio's CollegeAdvantage 529 Savings Plan. Morningstar says "there's something for everyone" in a plan that offers managers Vanguard, Pimco, Oppenheimer and General Electric. You can find such variety elsewhere, but this plan distinguishes itself with low fees. Nevada's Vanguard 529 College Savings Plan. This is the go-to plan for those of us who eschew active management in favor of index funds at low, low cost. The plan requires a $3,000 initial contribution; if you don't have that handy, consider Utah's plan.
The Utah Educational Savings Plan. Again, Vanguard index funds, and now with new, lower prices. Plus, there's more control as an investor, if you want it: "The plan's new set-it-once asset-allocation tool allows savers to dictate a mix of investments to change every year as a child nears college," Morningstar notes. "Not every saver needs that extra capability, however, and the plan's other options are solid."
Another plan made Morningstar's list of top programs: Virginia's CollegeAmerica 529 Savings Plan. This fund is sold only through advisers and is the country's largest plan, with nearly $30 billion in assets. I think most investors are better off in direct-sold plans, but if you're using a financial adviser, you'll probably do best in this low-cost plan that "features high-quality investments run by risk-aware, proven investors," according to Morningstar.
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Best college savings plans