Wednesday, November 25, 2009

JCB eyes 10-15% sales growth in 2010

Construction equipment manufacturer JCB India is eyeing a 10-15 per cent increase in its sales next year on the back of the global economic revival and a huge pipeline of big-ticket infrastructure projects being in the offing.

"The economy is reviving...Sectors such as real estate and power are picking up. We expect a 10-15 per cent jump in our sales in CY'2010," JCB India's Associate Vice-President (Marketing) Amit Gossain told PTI here today.

The company has a target of over 12,000 machine sales by December 31 this year, Gossain said, adding this may go up by another 130-180 machines in the next calender year.

JCB India, a fully-owned subsidiary of the UK-based JC Bamford Excavators, manufactures products such as tracked excavators, wheel loaders, backhoe loaders, vibratory compactors, telehandlers, skid steers and soil componators.

The company, which did not show a good performance in the last quarter due to the global downturn, is expecting to clock a healthy profit in the next quarter.

However, Gossain did not divulge the amount of profit the company expects to clock.

The company has three plants in India (one in Haryana and two in Pune). It has 48 dealers and over 320 outlets pan-India.

To read more, please, visit Business Standard

Saturday, November 14, 2009

C-DAC to launch ONAMA Cluster Solutions for academic and research institutions

Centre for Development of Advanced Computing (C-DAC) will be launching its Open Source based High Performance Computing (HPC) Cluster Solution with relevant domain specific applications called ONAMA to help promote promoting high-end research at the academic level.

It has been specially designed and packaged for premier academic and research institutions to proliferate HPC into the educational curriculum at the nascent stage, thereby promoting highend research at the academic level," Director General, C-DAC Rajan T Joseph told reporters.

This HPC cluster solution will be launched on Saturday, November 14 '09, at the one day Technology Symposium on `High Performance Computing in Academia and Beyond' for Engineering faculty organized by the Department of Computer Engineering and IT, College of Engineering, Pune and C-DAC. Read More

Friday, November 13, 2009

NVIDIA, International Graphic Processing Unit (GPU) leader, to enter rural Indian web-based education field

Sarva Shiksha Abhiyan:

International Graphic Processing Unit (GPU) leader NVIDIA is set to enter the Indian education field. It will contribute to the central government-backed Sarva Shiksha Abhiyan (SSA) through its high performance computing products, which would be used in web-enabled IT education tools in classrooms to enhance quality of learning.

"Enhancing web-based education is the key to growth of education. More so in rural areas. This is relevant because broadband network has already entered and 3G network is going to enter the Indian market. Multimedia is the most effective IT tool for teaching now, especially use of video on the Internet," Director - Pune Development Centre and Chief Mentor, NVIDIA, Commodore Anand Khandekar (retd) told Sakaal Times.

In these circumstances, the need is for telecom technology that would allow a broader width of the network to allow lot more multimedia content through Internet.

"Video of eminent teachers talking about their subjects could be one of the drivers of e-classroom concept. Since quality teachers can't go to rural areas, we can have quality teaching being imparted live on the Internet using attractive tools like multimedia. There was no device earlier to receive the content on the IT equipment. Now it is there," Commodore Khandekar said. Read More

Tuesday, November 10, 2009

You can hold conferences through K-Talk

Pune-based information technology company Great Software Laboratory (GS Lab) will launch an innovative mobile conferencing tool, called K-Talk, soon. The company has applied for an approval from the Telecom Regulatory Authority of India (Trai) to launch the service.

'It is an audio conferencing system which can be monitored and carried out with a mobile phone thereby making the process hassle free,' said Atul Narkhede, vice-president (engineering) at GS Lab."

To read more, please, visit DNA

Chief minister of Goa, Digambar Kamat, launches 'Gauri' software at the Margao sub-registrar's office

Gauri software will facilitate registration of property papers quickly so that citizens can obtain the documents within 30-40 minutes. Earlier, the same task took 15-20 days.

State registrar V G Salkar told TOI that the software has five modules -- civil registration of marriages, sub-registration of documents such as sale deeds, gift deeds or any transaction pertaining to immoveable property, notarial functions, registration of forms like partnership forms and registration of societies.

Gauri has been built to meet Goa's requirements of coping from old Portuguese records by Pune's CDAC.

The Times of India

Serum Institute Pune develops meningitis vaccine

Pune-based Serum Institute of India Ltd (SIIL) will soon bring out India's first indigenously developed meningitis vaccine. The vaccine, which has completed phase 1, 2 and 2/3 of testing in Africa and India, will be first introduced in Africa in 2010.

Serum Institute additional medical director Dr Prasad Kulkarni said, “A few years ago, we were contacted by Meningitis Vaccine Project, a partnership between World Health Organization and Path, an American NGO, to see if we would be willing to develop and mass manufacture a vaccine at an affordable price for Africa. We accepted the project.”

To read more, please, visit sakaaltimes

Global IT Networks India exceeds expectations

Global IT Networks has successfully completed its first quarter bagging major clients in India and exceeded in performance expectations
Global IT Networks Ltd, UK based company that has recently started their Indian operation exceeds the initial expectations and has generated sales revenue of Rs 2 Cr. Global IT Networks, (India Operation) attributes its success to taking calculated efforts in acquiring key accounts from major European countries like Netherlands, Germany and the US as well.

Global IT Networks started its operations in Pune (Oxford of East) in the May 2009 and has already crossed Rs 2 Cr in sales revenue. Pune today is fast emerging as an InfoTech hub, and making its presence felt to biggies like Bangalore and Mumbai to emerge as one of the top contenders for the 'Silicon Valley of India'. Pune is also home to well known IT giants like Wipro, Infosys, Satyam, Tata Technologies, TCS, Kanbay, Veritas, Cognizant, PCS and Tech Mahindra's British Telecom.

Global IT Networks founded in 2002 in UK with a mission of supplying quality hardware of Cisco, Juniper, and Nortel to IT and Telecom companies. As a part their global expansion, GIN has started its operation in India and Russia.

While explaining their strategic growth plan in depth, Indian operation Director Umesh Kulkarni proudly mentioned that team work is the key to our success. Other team members including Pravin, Sanket, and Vinayak helped a lot in generating leads and converting leads into clients. Next quarter apart from generating sales revenue, our major target is developing business processes for smooth and streamlined operations.

"I am amazed by the resourcefulness, integrity and dynamism shown by our Indian team," says Serge (Director -UK).

indiaprwire.com

Bajaj Auto and Nissan-Renault to announce the details of their ultra low-cost car

Bajaj Auto and Nissan-Renault have resolved their differences and are set to announce the details of the proposed joint venture for making the ultra low-cost car on Tuesday. Nissan Renault CEO Carlos Ghosn met Bajaj Auto MD Rajiv Bajaj Monday evening to settle issues relating to branding and the basic concept of the car that were delaying the project.

With Rajiv Bajaj being the only partner Mr Ghosn met in this current visit to India, it seems likely that the $2,500 car will be Nissan-Renault’s flagship project in India. The two partners have decided to go to market together with the ultra low-cost car.

The Economic Times

Bharat Forge to take part in bidding for NTPC tender

Bharat Forge, the world's largest automotive forging maker, today said the company in joint venture with Alstom will take part in the second round of bidding to supply power generation equipment to NTPC.

The Pune-based forging maker is hopeful of receiving orders worth at least Rs 3,500 crore.

To read more, please, visit mydigitalfc.com

Reichhold opens plant in Ranjangaon, Pune

The facility in Ranjangaon, Pune, is designed with a planned annual production capacity of 13,200 metric tons.

Initially, the plant will focus on manufacturing unsaturated polyester resins (UPR) for wind turbine, glass-reinforced pipe (GRP), engineering stone, chemical equipment, automobile and general purpose sectors.

“As the leading global player in composite resins, we want to be part of India’s growth by bringing international quality products to match local needs. With this plant in India, we will further strengthen our offerings to the global market.”, said John Gaither, Chairman, President and CEO, Reichhold Industries

Reichhold is an important supplier of unsaturated polyester resins for composites with 18 manufacturing sites in 11 countries, including two tolling sites.

Polimerica.eu

Monday, November 9, 2009

Now, management students can propose business plans, be part of Cognizant family

Board Room - Smart Business Plan Contest:

Management students across India and the Asia Pacific region now have a chance to propose new business avenues for Cognizant Technology Solutions and draw up a business plan on the company’s next move for growth, differentiation and leadership.

While the business plans are the intellectual property of the company, the winning teams have a choice to be part of the team that converts the plan to reality.

Termed ‘Board Room - Smart Business Plan Contest’, students can submit plans about new service offerings, new industry to be serviced, mergers or acquisitions, including leveraged buyouts, joint ventures, alliance or network-based business among others, said Satish Jeyaraman, director (human resources), Cognizant.
To read more, please, visit Indian Express

Sunday, November 8, 2009

Mahindra & Mahindra's Chakan plant to begin production by November end

As per report so far the company has invested Rs 2,500 crore to set up the plant.

M&M's new plant has a production capacity of 320000 vehicles in Phase I and has plans to increase capacity in future.

The new plant will be able to produce all of M&M vehicles and trucks. Initially, the plant will have four assembly lines and target domestic as well as international markets.

(Sourced from Project Today)

Wednesday, November 4, 2009

Volkswagen Polo Cup comes to India

A popular fixture on the German motorsports calendar, the Volkswagen Polo Cup is all set to come to India next year after Volkswagen India signed a letter of intent with JK Tyres to organize the event.

The German automobile-manufacturing giant's India unit will launch its Polo model in India as a prelude to the touring car-racing event scheduled next year.

Although the scheduling and drivers for the event are yet to be worked out, Volkswagen's Board of Management member Dr Jochem Heizmann said the cars to be used would be manufactured in India by Volkswagen's Pune factory.

To read more, please, visit TradingMarkets

Hyundai Construction Equipments to focus on Uttar Pradesh, India

“Keeping in view the potential of the Indian market, we have already set up a plant in Pune to manufacture excavators. We are also importing loaders, rock breakers, clamshell buckets and other equipment and selling them in India,” said J.S. Kim, managing director of Hyundai Construction Equipments India, a wholly owned subsidiary of Hyundai Heavy Industries.

He added that company would make direct investments in Uttar Pradesh and later expand its operations across the country.

To read more, please, visit ThaIndian

Cummins India sees exports rising in 2010

The Pune-based engine maker, Cummins exports its products mostly to the developed economies such as the U.S. and Europe which have been hit by the global slowdown.

The company, which makes diesel and gas engines of various sizes to cater to the power, industrial and automotive market, however sees domestic demand on the uptick.

To read more, please, visit Reuters