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IndiaMART.com registers 40 percent growth in recession time

July 10, 2009 By admin Leave a Comment

New Delhi, July 9 (ANI/Business Wire India): IndiaMART.com registered an impressive growth of 40 per cent in revenues for 2008-2009 despite an economic downturn. he growth in revenues has also been backed by a robust 52 per cent growth in supplier registrations.

“Our numbers speak for themselves, While the whole world is busy hiding behind words like recession and economic downturn to conceal their poor performance, our teams have strived hard to keep the winning streak going,” said a beaming Dinesh Agarwal, CEO and Founder of IndiaMART.com.

Agarwal feels the steep rise in registrations is clearly indicative of recessionary pressure on entrepreneurs to make do with show string marketing budgets, which naturally pushes them to seek online marketing as the most credible and effective option. As the market leader, IndiaMART is always keen to take on path breaking initiatives to sensitize SMEs about online marketing and adoption of technology through events, trade shows and conferences.

IndiaMART.com has been ranked India’s No. 1 online B2B marketplace by the Internet and Mobile Association of India (IAMAI) in its recent study done on Information, Communication and Technology (ICT) usage among Micro, Small and Medium Enterprises (MSMEs).

The independent market research, with special focus on online B2B marketplaces, accords over 85 per cent preference for IndiaMART among B2B suppliers who go online, and who were interviewed by IAMAI. The study also states a 60 per cent market share for IndiaMART.com in India.

IndiaMART.com received its first round of private equity investment from Intel Capital earlier this year. Bennet Coleman and Co Ltd, publishers of The Times of India and The Economic Times, also have a stake in IndiaMART as a private treaty partner. (ANI)

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‘E-mosquito’ to make painful pinpricks history for diabetics

April 25, 2009 By admin Leave a Comment

Washington, Apr 25 (ANI): University of Calgary researchers have made a discovery that could change diabetics’ lives forever.

A skin patch, called ‘Electronic Mosquito’, could provide a less-invasive alternative for diabetics who need to take regular samples of their own blood to keep glucose levels in check.

The common method of drawing blood from fingertips and using glucose testing strips and metres can be painful, inconvenient and time-consuming.

Therefore, electrical engineers at the Schulich School of Engineering at the University of Calgary have patented the device.

The patch is approximately the size of a deck of cards and contains four micro-needles that “bite” sequentially at programmed intervals. The needles are electronically controlled to penetrate the skin deep enough to draw blood from a capillary, but not deep enough to hit a nerve. This means patients would experience little or no pain.

The patch could be worn anywhere on the body where it could obtain accurate readings of capillary blood. A sensor in each cell of the e-Mosquito measures sugar levels in the blood. This data can then be sent wirelessly to a remote device such a computer or a monitoring instrument worn on the wrist. The system could even be connected to an alarm to alert patients or doctors when blood sugar levels enter the danger zone.

“This is a dramatic improvement over manual poking, particularly for children and elderly patients,” says Martin Mintchev, director of the Low Frequency Instrumentation Lab at the Schulich School of Engineering.

“Our approach is radically different and offers a reliable, repeatable solution with the minor inconvenience of wearing something similar to an adhesive bandage,” the expert added.

Mintchev spent three years designing the e-Mosquito along with Karan Kaler, director of the Schulich School’s Bio-Micro Electromechanical Systems (MEMS) Laboratory. (ANI)

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LG launches two new music phones – GM200 and KM335 – in India

April 20, 2009 By admin Leave a Comment

LG has expanded its range of music-centric phones in India by launching its two new music phone models – LG GM200 and LG KM335 which appear to be a pretty alluring amalgamation of music with design, style, and exclusive features. Both the new models are already available at all the retail outlets in the country.

Both the new phones bring along for the users inimitable ways of enjoying their choicest tunes. On one hand, the Rs 9250-priced GM200 is LGs first phone featuring Dolby Mobile and offers an outstanding music experience via its 2.1 Channel woofer stereo sound; the LG KM335, costing Rs 8250, is equipped with the AM/FM radio feature which allows users to tune into their preferred radio station and update themselves with the most recent music tracks!

Other specs of the GM200 include 2MP camera; Bluetooth 2.0, improved GPRS, MP3 Hot key, 3.5mm jack, and Micro SD Card Slot with 1 GB in-box. Its battery back-up is up to 600 hours standby time with long music play hour, and up to 10-hours talk time.

Among the specs of the KM335 are 3MP flash camera; playback at 30 fps; video recording at 15 fps; and 90MB storage expandable up to 8GB. Fitted with 1100Mah battery, the phone has a standby time of 600 hours, and talk time up to 9.5 hours.

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MSI unveils feature-rich GX403 gaming notebook

April 19, 2009 By admin Leave a Comment

The Micro-Star International (MSI) has unveiled its latest feature-rich GX403 gaming notebook. According to MSI, the GX403 notebook is loaded with a slew of features for smooth and fast computing.

The GX403 notebook is ultra portable, with 2.2kg weight including battery. The notebook is sized 303 (l) x 231-255 (w) x 24-30 (h) mm. Offering ultra clear and bright vision, the notebook features a 14.1 inch LCD display screen with a 1280 x 800 high resolution and 16:10 ratio. The screen lets users enjoy games or movies with ultimate realism.

The GX403 laptop is based on the Intel Centrino 2 Processor Technology, using Intel Core 2 Duo processor and Intel PM45 Express chipset. The technology delivers superb processor performance, terrific mobile solutions, remarkable HD capabilities, and excellent wireless connectivity. The notebook offers longer battery life good enough for full blu-ray movie playback viewing. The notebook is capable of bluetooth wireless transmission and 802.11 b/g/n wireless networking.

The GX403 notebook comes with the latest Nvidia GeForce GT 130M 3D graphic card (built-in DDR3 512 MB VRAM) and exclusive MSI vivid image enhancement technology, which helps delivering realistic and sharper audio and visual effects. The notebook also features the Dolby Surround Sound that delivers home theater experience while watching movies or listening music, or playing games. It delivers richness in bass and excellent sound quality.

The GX403 laptop also features Turbo Drive Engine Technology that helps to increase speed and facilitates smooth running of CPU. The notebook features turbo button located above the keyboard to activate the technology. The keyboard features specially colored W, A, S, D buttons highlighting directional controls for gamers.

The GX403 notebook comes with new ECO Engine that helps in saving power, and extending the battery running time. The notebook allows users to choose between five different modes namely Gaming mode, Movie mode, Presentation mode, Office mode and Turbo Battery mode. The users can choose any of the modes according to the need of the hour, by simply touching the Eco quick launch sensor repeatedly, and by lightly tapping on the Eco Off button, the users can return to the original setting.

The GX403 laptop is a multimedia powerhouse including new E- SATA support (Serial ATA (SATA) 3GB/s storage), high-definition multimedia interface, 1.3 MP web cam and DTV receiver (optional). It features HDMI output connector enabling 5GBps data transfers through one single cable. It also allows transmission of high-definition digital video and digital audio up to 1080p resolution. The notebook can be easily connected to HD monitors, HD TV or HD projector. The 1.3 megapixel camera allows users to shoot pictures, videos and instantly chat with friends and family anywhere in the world.

The GX403 notebook features the Color Film Print technology that enhances texture and brightness of the outer surface of the notebook; gives elegant finish to the notebook and provides superb protection; keeps the cover free from scratches and even fingerprints. MSI has disclosed the features of the GX403 notebook, but hasn’t yet disclosed any info about price and availability of the notebook.

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IBM in talks to buy Sun Micro for $9.55/share – source

April 3, 2009 By admin Leave a Comment

International Business Machines Corp is in talks to buy Sun Microsystems Inc for $9.55 per share, a person familiar with the situation said on Thursday.

The person was not authorized to speak publicly about the deal.

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IBM and Sun Micro may announce deal next week – source

April 3, 2009 By admin Leave a Comment

International Business Machines Corp and Sun Microsystems Inc may announce a takeover deal next week, a source with knowledge of the matter said on Thursday, showing IBM may be completing a lengthy review ahead of what would be its biggest acquisition.

The source, who was not authorized to speak publicly about the deal, said a final price was not set, but IBM may pay Sun around $9 to $10 per share.

The Wall Street Journal earlier reported IBM reduced its offer to $9 to $10 per share from a previous $10-to-$11 range.

IBM and Sun officials declined to comment.

A takeover of Sun would give IBM a clear lead in the $45 billion server market against Hewlett-Packard Co and Dell Inc. It would also broaden IBM’s software portfolio, add storage products that compete with EMC Corp and Network Appliance Inc and provide an edge over Cisco Systems Inc, which some see as its biggest rival in the long term.

A deal would have the most impact on IBM’s high-end server business, giving it 65 percent of a market worth some $17 billion, versus 27 percent for HP. It would also bolster IBM’s highly profitable software business and help ensure the survival of much-smaller Sun.

But some analysts say Sun’s lackluster performance could hurt IBM. Sun rose to prominence in the 1990s, but never fully recovered after the dot-com bubble burst earlier this decade, and failed to make much profit from software products like Java and Solaris.

Some analysts also say the deal could spark antitrust scrutiny as customers and suppliers raise concerns about competition.

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“Nano-origami” used for making tiny electronic devices

March 2, 2009 By admin Leave a Comment

Washington, Feb 28 (ANI): A team of scientists is developing the basic principles of “nano-origami,” a new technique that allows engineers to fold nanoscale materials into simple 3-D structures, which could be used to make tiny electronic devices.

The tiny folded materials could be used as motors and capacitors, potentially leading to better computer memory storage, faster microprocessors and new nanophotonic devices.

The technique, developed by a team of researchers from the Massachusetts Institute of Technology (MIT), was led by George Barbastathis, associate professor of mechanical engineering.

Traditional micro- and nano-fabrication techniques such as X-ray lithography and nano-imprinting work beautifully for two-dimensional structures, and are commonly used to build microprocessors and other micro-electrical-mechanical (MEMS) devices.

However, they cannot create 3-D structures.

“A lot of what’s done now is planar,” said Tony Nichol, a mechanical engineering graduate student working on the project. “We want to take all of the nice tools that have been developed for 2-D and do 3-D things,” he added.

The MIT team uses conventional lithography tools to pattern 2-D materials at the nanoscale, then folds them into predetermined 3-D shapes, opening a new realm of possible applications.

The researchers have already demonstrated a 3-D nanoscale capacitor, developed in collaboration with MIT Professor Yang Shao-Horn, which was presented at the 2005 meeting of the Electrochemical Society.

The current model has only one fold but the more folds that are added, the more energy it will be able to store.

“Extra layers also promote faster information flow, just as the human brain’s many folds allow for quicker communication between brain regions,” said Nader Shaar, a mechanical engineering graduate student working on the project.

Once the material is folded, the tricky part is getting the faces to align properly.

The researchers have developed a few ways to do this successfully: one uses magnets; another involves attaching polymers to a certain spot on the faces and melting them with an electric current, sealing the two faces together.

The researchers are now deep in the development phase of their nano-folded devices, but they are starting to think about how the technology could be used in the future.

“We’ve got the core components figured out, and now we’re just having fun with figuring out some applications,” said Nichol. (ANI)

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Union Minister Mahavir Prasad charged for murder case

February 11, 2009 By admin Leave a Comment

Gorakhpur, Feb 11 (ANI): Union Minister for Micro, Small and Medium Industries Mahavir Prasad has been charged in connection to the murder of an Ujjarpur village resident Ram Pragat in Gorakhpur district.

Gorakhpur Senior Superintendent of Police Aditya Mishra informed that the Allahabad High Court had ordered the registration of a case against Prasad here last night under Section 120 B of the IPC for conspiracy to murder.

The other accused- village head of Ujjarpur, Rajesh Singh and one Gauri Shankar have been charged under Section 302 for murder, Section 201 for hiding evidence of offence or giving false information, Section 504 for insulting with an intent to provoke breach of public peace, Section 506 for criminal intimidation and violation of the SC/ST Act.

According to police, the victim’s wife Subhavati had lodged cases against the three accused. She alleged that Singh and Shankar committed her husband’s murder over a local property issue on January 28, while Prasad acted as a helping hand.

Earlier, the case was registered as a road accident.

Subhavati then had to move to the High Court after the local Chief Judicial Magistrate rejected her plea.

According to SSP Mishra, no arrest has been made so far in this connection. (ANI)

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6th global vendor development programme in Mumbai

January 29, 2009 By admin Leave a Comment

Mumbai, Jan 29 (ANI/Business Wire India): The 6th Global Vendor Development Programme, an International Conference – cum- Exhibition for Micro Small and Medium Enterprise, has been scheduled on January 30 to February 1, 2009 at Mumbai.

It is supported by the All India Association of Industries, Bombay Small Scale Industries Association, Mumbai, Indo-Arab Chamber of Commerce and Industries and New Media, India’s Largest Bilateral Trade Magazine Publishing House with a sole mission of encouraging bilateral trade globally.

The 6th Global Vendor Development Programme has been designed to promote intra industry trade, healthy business relationships and outsourcing of products and components of MSMEs, adoption of best practices in order to avail of collective bargaining for common benefits from Governments, PSUs, Corporates and vendors.

The programme will be inaugurated by Madhav Lal, IAS, Additional Secretary and Development Commissioner, Government of India, MSME on January 30, 2009. On this occasion the National Awards to the Outstanding Entrepreneurs of Mahrashtra will also be presented.

In these times of global meltdown and business challenges, it is critical to seize opportunities that would add great impetus to growing business.

The current economic challenges has swept across major economies which has started affecting the MSME sector particularly visible impact on auto components manufacturing and exporting units.

Dinesh Rai, IAS, Secretary, Ministry of MSME, Government of India while responding to the economic crisis faced by the MSME of Pune region said that, “The Government of India is sensitive to the development and has taken initiatives to safe guard the interest of the MSMEs from the global melt down.” He added that, we need to build a new approach to spot emerging global competitive opportunities to encounter the challenges in the present scenario.

Sensing the heat of global recession, the MSME Development Institute, Mumbai, National Small Industries Corporation Ltd., and Vasai Industries have initiated a Conference-Cum- Exhibition.

This meet will facilitate collaboration and cooperation between Micro, Small and Medium Enterprises and multi national companies, large industrial units, public sector undertakings, Central Govt. department’s viz. Defense, Navy, and Railways etc. BHEI, ONGC, BSNL, BEL, NPCL, NTPC, BPCL, HPCL, IOC, MTNL.The business services provider and other stake holders etc.

In order to accelerate intra-industry trade for maintaining business continuity in the turbulent times. The concurrent technical session is also being organised simultaneously on the recent trends and challenges posed by global recession such as Business Continuity Management, cutting edge technologies, Lean Management, B2B, Buyers/Sellers meet for exchange of ideas.

K. R. Sharma, Director of the Institute said that, “As the Government department and PSU’s are the bulk buyers of the products of MSMEs; the programmes offer longer terms solutions. (ANI)

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