Wednesday, July 30, 2008

NRW.Invest GmbH, the economic development agency of the Federal state of North-Rhine Westphalia, to open it's Indian headquarters in Pune

“The idea is to encourage more and more Indian investment in the state. Bharat Forge is not the only Indian company to take over a German company. Recently Metalink/Tulsi of Belgaum bought out Moenchen Gladbach, a foundry that was on the verge of closure. Ashok Leyland has come there in a big way.

The German government now wants to take this further and make it more easy and convenient for investors to come to Germany by providing them with a service that would be a point of contact for all their investment needs,” said Dusseldorf-based Golak C Misra, their chief representative in India who is currently in Pune scouting for staff and office space.

“Here in India we are looking at all sectors - from automotive to pharma. I have been meeting up with many business houses here in India and all of them are keen on the idea, especially when it comes to takeover bids. Of course the German government is more keen on collaborations. Pune is big as far as German companies are concerned. Volkwagon itself is planning to invest 500 million euros in the next two years at its establishment here. So having our headquarters here made sense,’ added Misra.
Germany’s richest state to set up India headquarters in Pune - ExpressIndia.Com

Tuesday, July 22, 2008

IBM opens Service Management Centre of Excellence, regional hub for IBM Tivoli, in Pune

The centre will focus on high value areas like telecom, security, automation and asset management, IBM said in a release here today.

'At India software lab, we encourage the blending of technology and domain expertise with industry relevance,' said Ponani Gopalakrishnan, vice president, India Software Lab.

'Our Centres of Excellence (CoE) are designed with the objective of spurring innovation initiatives in partnership with clients and business partners. This IBM Service Management centre will bring together worldwide experts, product developers and business process consultants to promote service management excellence,' he said.
IBM opens centre of excellence in Pune

Sunday, July 20, 2008

Kirloskar Brothers Ltd, manufacturers of pumps, records a net loss for the first quarter this year on a higher turnover

The company has recorded a total income of Rs 374.16 crore for the first quarter of the current fiscal against Rs 321.42 crore in the corresponding quarter last year. It recorded a net loss of Rs 4 crore in the first quarter of 2008-09 as against a profit of Rs 34 crore last year.
KBL records loss in Q1

Thursday, July 17, 2008

Outsourcing the Offshore Operations

A monumental shift in how Western corporations tap into Indian talent is taking place. Companies are moving away from running their own offshoring operations and handing at least some of those jobs to Indian tech-services specialists.

There has been a steady drumbeat of similar large deals in recent years, but industry executives and analysts say the pace is quickening—driven by currency swings, the increased costs of doing business in India, and the need for some Western financial services to raise cash to handle shortfalls elsewhere. "The writing is on the wall," says Sudin Apte, an analyst at market researcher Forrester Research (FORR). "This is not working anymore."
Business Week

Battelle India in Pune

COLUMBUS, Ohio, July 14, 2008 /PRNewswire via COMTEX/ -- Advanced Materials and Water Technologies Initial Focus of R&D work

COLUMBUS, Ohio, July 14 /PRNewswire-USNewswire/ -- Battelle recently established an office in Pune, India adding to its growing international footprint that includes offices in Korea, Japan, and Malaysia.

Battelle India will initially focus on advanced materials research and developing water-related technologies. Eventually, research may expand into the areas of health and life sciences and energy.

Shalendra Porwal, a chemical engineer and international marketer who has worked at Battelle for 29 years in various technical and marketing positions, has been named Senior Vice President and General Manager of Battelle India. Porwal is a chemical engineer from IlT Kharagpur and holds graduates degrees in Paper Science and Business from Miami University.

"We are excited about the opportunities we have in the Indian marketplace," said Rich Adams, Battelle Senior Vice President for International Partnerships. "We hope to foster a climate of scientific innovation in India."
"Battelle India will enable companies to develop new products and technologies," Porwal said.

Battelle is the world's largest non-profit independent research and development organization, providing innovative solutions to the world's most pressing needs through its four global businesses: Laboratory Management, National Security, Energy Technology, and Health and Life Sciences. It advances scientific discovery and application by conducting $4 billion in global R&D annually through contract research, laboratory management and technology commercialization. Headquartered in Columbus, Ohio, Battelle oversees 20,400 employees in more than 120 locations worldwide, including seven national laboratories which Battelle manages or co-manages for the U.S. Department of Energy and the U.S. Department of Homeland Security.

Battelle also is one of the nation's leading charitable trusts focusing on societal and economic impact and actively supporting and promoting science and math education.
For more information, visit www.battelle.org or contact Public Relations Manager Katy Delaney at (410) 306-8638 or at delaneyk@battelle.org.
SOURCE Battelle

http://www.battelle.org

Copyright (C) 2008 PR Newswire. All rights reserved End of Story
Comtex

Battelle Expands Global Presence - MarketWatch

Pune: Emerging biotech center in India

After Hyderabad, Pune is rapidly emerging as the next biotech center in India. Even though the country presently holds a minimal market share of 2 per cent of the global biotech market, it has immense potential to develop as a key player by 2010 and is expected to generate $5 billion revenues, creating employment for a million by 2010

"So far Pune has been perceived as the hub for IT and auto industry but we have seen tremendous increase in response from job seekers in the Biotech and pharmacy sector. We have received about 1522 numbers of resumes for Biotech and medical research and about 633 numbers for Pharmaceutical and pharmacy job postings in the last three months", says Mr. Saurabh Shroff, Head Marketing, myjobsinPune.com

"In the last few months the number of biotech professionals posting resumes at myjobsinpiune.com has increased by roughly 30 percent", Mr. Shroff added further. With biotechnology industry registering over 35 percent growth in the last few years, this industry is seen as one of the key attributes that will contribute to the socio-economic growth of the state.

Companies like Emcure pharmaceuticals, Shreya Biotech and Lupin have set up their biotech parks and R&D centers of about 14 acres, 15 acres and 19 acres of area respectively in Pune. Also Mumbai based Hikal Ltd. has invested about Rs. 30 crores in its facility at the Pune Biotech Park. Apart from this MIDC & The Chatterjee Group (TCG) in a joint venture has developed, promoted and marketed the International Hinjewadi Biotech Park, in Pune.

The revenue from the biotech industry has been increasing steadily. The revenue has gone up to Rs 8541 crore during 2006-07 from Rs 4745 crore during 2004-05. The allocation for Biotechnology had been hiked to Rs 6500 crore for the eleventh plan period from Rs 621 crore during the ninth plan.

The biotechnology is a fast emerging sector and will play a key role in the new economy. Pune is well known for its established IT sector and with more and more pharma companies targeting Pune as their base for biotech parks.

According to an industry report, the city has gained attention from the government and the industry in attempt to provide conducive environment to foster biotech development. The government is trying to boost the sector by providing sector-specific promotion policy and requisite infrastructure in terms of various biotech parks and SEZs that are coming up in these cities.
Pune: Emerging biotech center in India

Friday, July 11, 2008

WNS Holdings buys Aviva Global Services

WNS Holdings pays $228M for Aviva Global Services; expects up to $1B from outsourcing deal:

Indian outsourcing services provider WNS Holdings Ltd. said Thursday that it paid $228 million for Aviva Global Services, the business process offshoring company of insurance group Aviva.

WNS acquired all Aviva Global Services shares on Thursday following the transaction, which included a share sale and purchase agreement with Aviva.

WNS said it has provided business process outsourcing services to Aviva since 2004 in relation to some contracts from facilities in Pune, India, and Columbo, Sri Lanka.

The company said through the purchase, it will take control of Aviva Global Services' operations in Bangalore, India, and Colombo. WNS said the facility in Colombo it managed was transferred to Aviva Global Services in 2007.

Aviva Global Services' Pune and Chennai facilities, which other companies run, will be transferred to WNS within a month.

WNS said a facility it manages in Pune will stay with WNS.
Money CNN

Tuesday, July 8, 2008

Accel IT Academy, Pune to conduct a free VLSI seminar on 'Verification Engineering' on 11 July 2008 at its FC Road office

What is verification all about?

Verification in Chip Design is the most vital part of the complete design process. Unless a design is verified, we cannot be 100 percent sure that the design will work correctly. In present times, the chip design process has become very much complex, and billions of gates are added on one small chip.

Even one bug in design can cost billions or trillions of bucks. So, you can well imagine just how important verification is!
Free VLSI seminar in Pune on July 11 - CIOL News Reports



Sage, Niyuj Sign Agreement to Partner for Pune Market

In a bid to widen its market coverage in the SME and mid-market manufacturing segments, apps vendor Sage has signed a Partner agreement with Niyuj Enterprise Software Solutions to offer Sage Accpac ERP in the Pune market.

Niyuj has implemented Sage Accpac ERP at Bright Engineering Works, a manufacturing company located in Hadapsar, Pune. Mr. Satish Suttatti of BEW said his is 'a relatively small company, and were skeptical about investing in an ERP, as we thought such luxuries were only for larger companies.'


Sage India Managing Director Thomas Abraham said Sage is 'looking at accelerating our penetration in the Pune market, which is predominantly in the discrete manufacturing domain.'

Mr. Avinash Shenoi, Director, Niyuj Enterprise Software Solutions, said Niyuj is 'focused on empowering the SME sector in India to compete in a global environment.'
Sage, Niyuj Sign Agreement to Partner for Pune Market

Monday, July 7, 2008

Tech Mahindra plans to have a headcount of 25,000 in Pune

Tech Mahindra is going the Infosys way. After the software bellwether declared that Pune would be its largest development centre in the country with a headcount of over 23,000, Tech Mahindra is all set to expand too.

An 8,000-seat delivery centre will go operational from August. The new delivery centre is being set up on 35 acres of land bought by the company in phase III of the Infotech Park at Hinjewadi.
Tech Mahindra will ramp up Pune operations