Saturday, October 31, 2009

KPIT Cummins $38M Merger Deal With US-based Sparta

KPIT Cummins Infosystems Ltd, a Pune-based IT consulting firm, has entered into a merger agreement with Sparta Consulting for $38 million (Rs 180 crore) in an all cash deal. Sparta is a US-based firm providing high-end SAP solutions for enterprises, and has a strong presence in North America.

Kishor Patil, MD & CEO, KPIT Cummins, said, with the rapidly scaling up of ERP consulting business, the company sees large market opportunity in the space. “Sparta team has created a SAP services business, which has grown nearly 300% year-on-year, apart from creating another enterprise business worth $250 million. We look forward to work jointly to help customers achieve their post-downturn growth objectives,” said Patil. 

To read more, please, visit VCCircle

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Friday, October 30, 2009

Employer responsible for safety of staff - a seminar on Security for IT and IT enabled sectors' staff

"A sound company policy with regard to security,
fully equipped control room on the premises of the company, and
verification of security personnel provided by agencies
are a must to implement long-term security measures for IT sector employees,"
Deputy Commissioner of Police Jalinder Supekar (Zone IV)
Security starts from the self. Follow basics. Ask the cab drivers hired by the company to show their badge or ID-card, do not take a detour from the regular route, or ask for lift from unknown people.

A major area of concern that emerged from the investigations was that the victims who had been attacked were found to have been speaking continuously on their mobile phones and were, therefore, not alert to what was happening around them.

I would suggest not keeping female employees in the office after 5 pm. Instead, they ought to be given laptops and other equipment that would help them to work from home. Or they must be provided with a drop-service that includes a security personnel..

The companies ought to verify their antecedents. "Don't blindly follow what the agencies are saying. Many a time one finds that the personnel who have been provided are not properly trained/educated, and security guards don't know their role. They should have proper uniforms and badges.

The companies could also consider asking the police to help improve and implement the security system. Keep in touch, continuously, verify doubts -- only when you have doubts is there a chance of improvement,

A fully equipped control room and proper database with records of drivers, their phone numbers as well as employees' numbers should be maintained.

A cab with GPI system would be easy to track.

Ensure that systems are in place and that those systems work.

Going through the agreements between companies and employees, Supekar said, he had noticed that the security angle had not been properly covered.
The Times of India

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Thursday, October 29, 2009

Premier Ltd to manufacture compact SUV - RiO at its Pune plant

Click the photo to enlarge:



Premier Ltd. (formerly known as Premier Automobiles Ltd.) has re-entered the Indian passenger vehicle market with a compact SUV named RiO. Premier will assemble the RiO at its Pune plant.

The production has already commenced and the first cars are expected to hit selected dealer showrooms in the first week of November. Premier will commence deliveries in December 2009.
To read more, please, visit MACHINIST

Premier Rio launched, prices start at Rs 5.25 lakh

Premier Automobiles is once again trying its luck in the Indian automotive segment. And this time, instead of a 1960s Italian saloon, it’s peddling a Chinese SUV (albeit one of Japanese origin) that’s about a decade old already. This SUV – called the Premier Rio – is priced at Rs 5.25-5.95 lakh, so for those want an ‘SUV’ for family hatchback money just might be interested. Read More

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Pune’s Venture center to launch seed fund

It targets sub-Rs 15 lakh category start-ups in chemical, material and biological sciences space.

Venture Center, a Pune-based technology business incubator, has submitted a proposal to the Technology Development Board (TDB) to launch a mini-sized seed fund of around Rs 1 crore.
To read more, please, visit Reuters

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Thursday, October 1, 2009

Pudumjee chooses Italian Manufacturer Toscotec for rebuilding the tissue machine

Pudumjee, the largest tissue producer in India:

Pudumjee Industries Ltd. has decided to install a new Toscotec Steel Yankee Dryer TT SYD 12FT, in place of the existing cast iron one, to increase production and to reduce energy consumption. Scope of supply includes also steam & condensate system upgrading, new mechanical drives and fourdrinier modification.

Mr. Ved Leekha, Executive Director of Pudumjee Mills, said that the company strategy for the future expansion is focused on quality products with low emission and energy savings.

Pudumjee (part of M.P. Jatia Group), pioneer in the manufacture of specialty papers in India, is active in manufacturing tissues, real estate development ( Greens, 2 & 3 BHK Luxury Apartments @ Wakad Annexe, Pune, India ) and other trading.


To read more, please, visit Toscotec rebuilds tissue machine in Pune, India - Lesprom Network