Archive for May 20th, 2008
Posted by Yogesh on Tuesday, 20 May, 2008
NEW DELHI, India, May 19, 2008 (BUSINESS WIRE) —-NDS, the leading provider of technology solutions for digital Pay TV, today announced that the company is increasing its presence in India with the opening of a new, sales and support office in New Delhi. NDS aims to offer the Indian Pay TV industry the best service and support of any technology provider.
Commenting in Mumbai, Sue Taylor, VP and General Manager of NDS Asia Pacific said, “NDS is very optimistic about the growth of the Indian Pay TV market and we are honoured to be the partner of choice for leading broadcasters, platform operators, and service providers delivering the latest services and content to subscribers,” she said. “We are privileged to be able to partner with the leading operators in both the satellite and cable space.” She continued: “The opening of our sales and support office in New Delhi allows us to Read the rest of this entry »
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Posted by Yogesh on Tuesday, 20 May, 2008
TORONTO, May 20, 2008 (PrimeNewswire via COMTEX) —-MyScreen Mobile, Inc. (Pink Sheets:MYSL) today announced that it has advanced to a new stage of its BRIC (Brazil, Russia, India and China) marketing initiative with the opening of offices in Mumbai to enhance its mobile operator and media relationships on the Indian subcontinent.
India, with a population of over one billion, is the fastest growing mobile market in the world. It has a current mobile subscriber rate of 23%, representing 270 million mobile subscribers.
“India is a huge opportunity for MyScreen,” said Chris Meissner, Executive Vice President. “It is expected to become the world’s largest mobile market, overtaking both China and the United States, with mobile connections expected to reach 600 million by 2011 — 45% increase in 2 years.” Read the rest of this entry »
Posted in Sector Spotlight | Tagged: BRIC, MyScreen | Leave a Comment »
Posted by Yogesh on Tuesday, 20 May, 2008
BANGALORE, India, May 20, 2008 (BUSINESS WIRE) —-Wipro Technologies the global IT services business of Wipro Limited (NYSE:WIT) today announced that they have been awarded an SAP(R: 74.24, -0.95, -1.26%) Pinnacle Award in the area of thought leadership around enterprise SOA and mid-market leadership in APAC geographies. SAP Pinnacle Awards were granted to leading SAP partners that have excelled in enhancing the customer experience by teaming with SAP to help customers address critical issues such as accelerating innovation and improving return on investment. Read the rest of this entry »
Posted in Corporate News | Tagged: SAP, SOA, Wipro | Leave a Comment »
Posted by Yogesh on Tuesday, 20 May, 2008
NEW YORK – United Airlines and Jet Airways have signed a codeshare service agreement on flights between the U.S. and India, the airlines said Monday.
The airlines have filed the agreement with the Department of Transportation, and, pending approval, expect the program to begin by about November.
Under the agreement, each airline will sell tickets for flights operated by the other. United will offer flights to 13 cities in India, and Jet Airways will offer flights to 25 cities in the U.S. Source CNBC.com
Posted in Corporate News | Tagged: Jet Airways, United Airlines | Leave a Comment »
Posted by Yogesh on Tuesday, 20 May, 2008
MUMBAI (Thomson Financial) – India-based Educomp Solutions Ltd. said it acquired 51 percent in U.S.-based web-delivered curriculum provider, Learning.com for $24.5 million.
Educomp said Learning.com, which offers Web-delivered curriculum and assessment, serves nearly two million students in schools across the United States.
With the recent acquisition of Singapore-based Ask n Learn, Educomp said it hopes to bring the entire suite of its intellectual property to schools in the United States and to take Learning.com’s products to its 4 million users in India and south-east Asia. Source CNBC.com
Posted in Corporate News | Tagged: Educomp, Learning | Leave a Comment »
Posted by Yogesh on Tuesday, 20 May, 2008
MUMBAI (Thomson Financial) – India-based Suven Life Sciences Ltd. said it has been granted two product patents, one each in South Africa and China, for its new chemical treatments for disorders
associated with neuro-degenerative diseases.
The South African patent is valid until 2024 and the other until 2025.
“This will target an $18 billion potential market opportunity globally,” chief executive Venkat Jasti said. Source CNBC.com
Posted in Corporate News | Tagged: Suven Life | Leave a Comment »
Posted by Yogesh on Tuesday, 20 May, 2008
MUMBAI, India, May 20, 2008 (BUSINESS WIRE) — Honeywell Automation India Limited (HAIL) has received the prestigious “Brand Leadership” and “Product Leadership” awards in the Indian Distributed Control Systems (DCS) industry from Frost & Sullivan. The awards are based on detailed research seeking to recognize best practices and outstanding performance by companies in the automation and drives industry in India.
Frost & Sullivan’s “Brand Leadership Award” is presented to the company that has been able to create a high degree of preference among the customers. A company’s ability to consistently offer products and services of immense value, supported by effective brand communication to instill customer confidence, are key parameters contributing to eligibility for this award. Read the rest of this entry »
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Posted by Yogesh on Tuesday, 20 May, 2008
MUMBAI (Thomson Financial) – India’s Suzlon Energy Ltd. said it may consider selling part of its stake in Germany’s Repower Systems AG., as it announced higher fourth-quarter profits. Chairman and managing director Tulsi Tanti however said there are no “firm plans” for a Repower stake sale at this point of time.
Suzlon currently currently holds 33.66 percent in Repower.
The wind-turbine maker reported net profit for the quarter to end-March of 4.57 billion rupees from 3.59 billion a year earlier, while sales rose to 49.24 billion rupees from 29.16 billion. It declared a final dividend of 1 rupee. Read the rest of this entry »
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Posted by Yogesh on Tuesday, 20 May, 2008
Esmark Inc. said Tuesday that its negotiations with India’s Essar Steel Holdings Ltd. did not violate the “right to bid” process included in its contract with the United Steelworkers union.
The union sent a letter on Friday to the steelmaker and distributor demanding that it scrap its agreements with Essar, claiming the $670 million buyout offer violates the union’s contract with Esmark.
The contract, which expires Sept. 1, gives the union the right to reject any deal that changes control of the company. Read the rest of this entry »
Posted in Corporate News | Tagged: Essar Steel | Leave a Comment »
Posted by Yogesh on Tuesday, 20 May, 2008
Larsen & Toubro Ltd., India’s biggest engineering company, won 6.35 billion rupees ($149 million) of electrical orders in the Middle East, benefiting from an oil- driven construction boom. The Abu Dhabi Water & Electrical Authority placed 5.21 billion of orders for building five power substations and laying cables, Mumbai-based Larsen said in a statement to the Bombay Stock Exchange today. The rest of the order came from Oman Electricity & Transmission Co. and Muscat Electricity Distribution Co., it said. Read the rest of this entry »
Posted in Corporate News | Tagged: Larsen and Turbo | Leave a Comment »
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