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UPDATE 1-Healthcare Locums says no longer in offer talks

June 16, 2010 By vani Leave a Comment

(Reuters) – British medical-staffing firm Healthcare Locums Plc (HLO.L) said talks with a prospective buyer had ended and it was no longer in an offer period.

In April, the AIM-listed company had said it received an approach that may or may not lead to an offer. [ID:nLDE6380JU]

“The board of HCL (Healthcare Locums) announces that both parties have now agreed that all discussions in relation to this approach have now ceased,” Healthcare Locums said in a statement.

Shares of the company closed at 217.50 pence on Monday on the London Stock Exchange. (Reporting by Aditi Samajpati in Bangalore; Editing by Aradhana Aravindan)

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India Hindustan Copper expects stake sale approval next week

June 3, 2010 By vani Leave a Comment

June 2 (Reuters) – India’s state-run Hindustan Copper Ltd (HCPR.BO) (HCL) is expecting the cabinet to approve its plan for a 20 percent stake sale by next week and will appoint merchant bankers by the middle of this month, the company’s chairman said on Wednesday.

“For the book running lead managers, we have issued a tender. I see no issues with cabinet approval as no ministry has opposed it,” Shakeel Ahmed, chairman and managing director of HCL, told Reuters. “Both are on course.” (Reporting by Ruchira Singh; Editing by Unnikrishnan Nair)

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Narus continues to build leadership position in India

August 26, 2009 By admin Leave a Comment

Bangalore, Aug 26 (ANI/Business Wire India): Narus, the global leader in real-time traffic intelligence for the protection and management of large IP networks, has continued its strong momentum in India this year.

An expanded office with new hires, new partnerships, customer implementations and the INFOCOM CMAI National Telecom Award have already characterized 2009 as a banner year for Narus in India.

With two quarters left in the year and the company moving full-steam ahead, Narus is poised to continue its 200 percent plus revenue growth well into 2010.

Narus’ India operation has seen a 50 percent increase in staff, and the company plans another 30 percent increase in headcount in the coming year to keep up with its growing backlog of business in this region.

With an eye cast toward 2010, Narus will hold a job fair in Bangalore on September 5 and 6, 2009.

Positions available include GUI development engineers, network development engineers, software design engineers, and quality assurance engineers and managers.

In late 2008, Narus announced the opening of its New Delhi office and the appointment of two key members to its Indian executive team. Avinash Agrawal was appointed to lead Narus’ India operation as managing director, and DLN Shastri was appointed vice president of sales and business development.

Agrawal and Shastri bring a combined 50 years of experience to the company. The New Delhi office is Narus’ Asia Pacific regional headquarters, with sales, support and professional services represented.

Yogi Mistry, senior vice president, Narus, said, “Since the opening of our first office in India, Narus has committed to an investment in India by providing jobs in our engineering, support and sales organizations. Narus’ continued growth in the region ensures additional opportunities for our employees to work on cutting-edge technologies with leading partners and luminary customers.”

Narus continued its 2009 momentum with recognition for excellence in R andD in security services for the telecom industry with an INFOCOM CMAI National Telecom Award. his prestigious award salutes industry leaders that contribute to the growth of the telecom industry in India with groundbreaking services and solutions.

The Indian telecommunications industry is continuing to enjoy tremendous growth and is consequently providing great opportunities for sales and business development.

In May, Narus formed a strategic partnership with HCL Infosystems, Ltd., India’s premier information-enabling ICT system integration company, to assist the Indian government in the protection of its people and infrastructure.

Narus also implemented systems at India’s foremost integrated telecom service providers like Reliance, Sify, and Cable and Wireless. Narus is also proud to have implemented NarusInsight in the world’s third-largest telecommunications carrier as they launch their service offerings in India this year. (ANI)

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TN colleges pull out stops to retain talented faculty

April 5, 2009 By admin Leave a Comment

CHENNAI: Self-financing engineering colleges and deemed universities in Tamil Nadu are breaking new ground in compensating competent and talented
faculty members. Moving on from a scenario where the teaching staff was grossly underpaid, many premier institutions are now rolling out incentives to attract, motivate and retain highly qualified faculty members.

From offering rent-free accommodation, free lunch and conveyance allowance, colleges are now luring qualified staff with special skill allowances, laptops at subsidised rates and shares in companies. All these and much more in addition to paying a handsome compensation package as per the revised pay scale fixed by the All-India Council for Technical Education (AICTE), based on the Sixth Pay Commissions recommendations.

The skill allowance or professional development allowance is a princely sum ranging from Rs 5,000 to Rs 25,000 a month. While some institutions pay Rs 25,000 to all professors with PhDs, others pay the skill allowance only to a core group pursuing research. A few colleges distinguish between engineering stream professors and science and humanities stream faculty by offering a lesser professional development allowance for the latter.

SSN College of Engineering, a leading self-financing institution near Chennai that is owned by HCL head honcho Shiv Nadar, is even offering shares from the company to faculty members. Sponsorship for higher studies and group medical insurance are other sops.

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Call centre employee found dead in office washroom

April 3, 2009 By admin Leave a Comment

A 25 year-old software engineer employed with HCL call centre in Sector 61 was found dead under mysterious circumstances in the office washroom early on Wednesday morning.

The body of Saurabh Jain was found by his colleague, who went to washroom before leaving for home around 3.30 am. The police said the body was lying in the washroom since last evening.

Jain had gone to the bathroom around 6.30 pm on Tuesday, and since then he could not be contacted by anybody.

“Everybody thought he must be sleeping or busy. The body was lying there for 9 hours and nobody noticed. We called in a doctor to examine him, but he was declared dead,” Satish Kumar, in-charge of Sector-60 police chowki, said.

The police said it could be a case of heart attack. “We are questioning the staff and the manager of the company,” a police officer said. Jain lived in Sector-46, Noida, in a rented accommodation. His body has been sent for postmortem and his family has arrived.

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Industry leaders to share IT service management best practices

March 4, 2009 By admin 1 Comment

New Delhi, Mar 3 (ANI/Business Wire India): QAI Global Institute (www.qaiglobal.com), the leading organization addressing Operational Excellence, recently announced the 4th International Colloquium on IT Service Management (ITSM) 2009 to be held in Bangalore on March 16 as a platform for sharing best practices in the domains of ITSM (IT Service Management) and IMS (Infrastructure Management System).

ITSM 2009 will address questions like how ITSM can provide better quality, higher levels of service and become a profit center instead of a cost center, how it can help organizations struggling to define processes and process flows and how an organization can achieve stronger alignment of business and IT.

ITSM 2009 is co-organized by British Computer Society (BCS) and is being supported by various Software Process Improvement Networks (SPINs) and sponsored by corporates like IBM.

Fourth in the series, the key focus of ITSM 2009 is to propagate ITSM benefits, best practices and knowledge sharing for attendees.

The participants get an opportunity to interact live with industry leaders, meet and chat with peers, get access to useful IT Service Management best practices at one platform.

The colloquium will include keynote presentations, industry expert breakout sessions, products and tool presentations, exhibitor expo, half / full day tutorials and numerous networking events.

The colloquium will also see illustrious speakers including Arvind Tawde, Senior Vice President and Chief Information Officer, Mahindra and Mahindra, T R Srinivasan, Vice President and Chief Delivery Officer, Microland, Kothandaraman Karunagaran, Director and Head, Infrastructure Business, CSC, Col. T.L. Sharma, Operations Director, Quality, HCL Comnet, Rajendra Dhavale, Director, Technical Sales, CA India among others. Some of the topics that will be discussed during the day will be the role of IT Service Management in business strategy, IT Governance and ITSM , making sense of ITIL v3 IT service life cycle, where does the Service Desk fit in and the ROI and other financial realities of ITSM.

The IT Service Management Leadership Awards 2009 will be launched this year at ITSM 2009. The Award recognizes leadership and contribution in the field of the booming IT Infrastructure Management Services.

For over 15 years, QAI has brought together international representatives and recognized thought-leaders to share information, learn new software quality processes, and discuss software practices through a number of prestigious events like Asia SEPG Conference, Project Management Leadership Conference (PML), IT Service Management Conference (ITSM) and the International Software Testing Conference (STC). (ANI)

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Any Positive Event Will Boost Stock Mkt Outlook, Says Vishwas Agarwal

January 20, 2009 By admin Leave a Comment

Indian equities opened the day sluggishly following negative global signals.

Among the prominent losers this morning, realty, banking, metal and oil & gas stocks topped the list with sharp losses.

Auto, power, PSU, information technology, telecom, pharma and FMCG stocks were also down.

Mirroring heavy selling action, all the sectoral indices were trading in the red zone with heavy losses.

Asian stocks also declined, led by commodity producers and banks, after Royal Bank of Scotland Group’s prediction of the biggest loss in UK business history increased fear that the worldwide recession is intensifying.

BSE Midcap and Smallcap index lost 1.31% and 0.56% respectively.

The 30-share index, BSE Sensex, today (Tuesday, January 20), opened at 9,159 after making a loss of 169.81 points, as against its last closure in which it closed with a gain of 5.98 points.

At 10:15 a.m., Sensex lost 219.46 points at 9,110.11 after hitting a high of 9,159.76 and a low of 9,075.68. In the meantime, the broad based Nifty stood at 2,775.05, down 71.15 points.

Overall market breadth was sharply negative. On BSE, 617 stocks posted sharp losses, 161 advanced while 13 stocks remained unchanged.

There were no gainers at the BSE Sensex.

The major losers in the Sensex were Bharti Airtel, Mahindra & Mahindra, HDFC Bank, HDFC, DLF, Reliance Communications, ICICI Bank, Maruti Suzuki, ONGC, Tata Steel, Reliance Industries, State Bank of India, Sterlite Industries, Larsen & Toubro, Reliance Infrastructure, Tata Power, Hindalco, Sun Pharmaceuticals, Jaiprakash Associates, Grasim Industries, Ambuja Cements, Zee Entertainment, SAIL, Cairn India, Power Grid Corporation, Idea Cellular, Nalco, ABB, GAIL India, Reliance Capital, Tata Communications, HCL Technologies, Reliance, BPCL, Hero Honda, Ranbaxy, Infosys Technologies, Reliance Power and Grasim Industries.

Stock market analyst, Vishwas Agarwal stated that BSE 9,350 and Nifty 2,826 levels are very important to carry on comfy trading market.

He said that in intraday, these levels may breach in today’s trading session, but the stock market above these levels will provide chance in index based frontline stocks with nominal stop loss.

Mr. Agarwal said, “As there is restricted downside, upside chances are higher due to price erosion in same settlement sharply.”

As per Agarwal, any positive event will boost market sentiments.

Barrack Obama will take oath in as the new President of the United States of America today and may perhaps bring some positive sentiment to global equities. Obama takes charge when the world is in a huge economic crisis and addressing this financial crisis will be his top priority.

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Datawind Launches PocketSurfer2 Internet Handheld Device In India

January 17, 2009 By admin Leave a Comment

Canada-based Datawind Ltd has made announcement about the launching of its PocketSurfer2, a handheld device permitting users to access Internet on the move, in the Indian market.

The newly launched product will be distributed through HCL Infosystems.

With dimensions of 109 x 60 x 13.5 mm, the new ultra-thin, glossy mobile device has a weight of 174 grams.

It sports a metallic backlit QWERTY keyboard with strong tactile response and keys that are six times larger than those available on other handhelds.

The keyboard has been designed for ease of use: the major keys are six times larger, making fast typing easier compared to those available on other handhelds

It’s also backlit, so users can type away in all lighting conditions without squinting to see where each is.

The company said that the new device has brought mobile web browsing to a whole new level of clarity as it comes equipped with a 640 pixel full-color wide screen, which will ensure display of web-pages in their original layout with full HTML, graphics, Java-Script, Ajax, Frames and other complex web functionality.

Moreover, it has an ability to display web pages in just 7 seconds.

Other key features of the PocketSurfer2 include Quad Band GPRS 850/900/1800/1900 MHz, Built-in GPS receiver (Location Based Service), Touchpad Navigation, Internal High Performance Antenna, Rechargeable Lithium polymer battery, Provides 4 hours active usage; 4 days standby, Transreflective 640 x 240 backlit display, Mini-USB charging port, Mouse pointer and many others.

The model is available at a price of Rs 11,990 (inclusive of taxes) in India.

The company is offering free plus paid mobile Internet access with it. PocketSurfer2 offers free monthly usage of 35 hours for year. Unlimited Usage plan is available at just Rs 99 per month. Second year of service will cost users Rs 999 along with 35 hours per month for a whole year.

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Strides Arcolab gets two ANDA approvals

January 2, 2009 By Rajesh Leave a Comment

Pharmaceutical company Strides Acrolab has announced receipt of two ANDA approvals for Sterile vancomycin in HCL USP 500mg and 1g per vial and sterile Vancomycin HCI USP 5g per vial pharmacy bulk package.

The products are licensed to Akorn-Strides,LLC, which is a joint venture that was formed in 2004 by Akorn Inc. and Strides Arcolab Limited.

The primary mission for the joint venture is to develop liquid, lyophilized and dry powder formulations of generic injectable products targeting several therapeutic markets with a major focus on anti-infectives, analgesics and central nervous system medicines.

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