Siemens acquires 77% stake in iMetrex
German conglomerate Siemens has acquired 77% stake in Chennai-based iMetrex technologies for an undisclosed sum. As per the deal, Siemens will have the option of acquiring balance stake in the next five years.
The acquired firm will have a combined market share of 22%, making them leaders in the highly fragmented security and building technology solutions [...]
Versatile, Affordable Help Desk Software for Small Companies
Effective customer support & service plays an important role in the success of any small business. Helpdesk Pilot offers a useful help desk solution.
In Chennai Tenmiles Corporation has released Helpdesk Pilot 2.5.0 - a web based help desk software that enables organizations to effectively manage, organize and respond to their customer emails.
Tenmiles Corporation is an [...]
India’s L&T, Mitsubishi Heavy in Boiler-Making JV
Indian engineering and construction firm Larsen & Toubro Ltd. (LART.BO: Quote, Profile , Research) said on Today it had formed a joint venture with Japan’s Mitsubishi Heavy Industries to manufacture super-critical boilers in India.
The venture, which follows a technology agreement between the two companies, will have a capital outlay of about 3 billion rupees ($72 [...]
Work on Madurai software park begins
The software park at Madurai would be set up on a 10 lakh square feet area and the preliminary works for it were in progress, Chief Minister M Karunanidhi told the State Assembly today.
Replying to CPM member N Nanmaran during question hour, he said the works for setting up the second TIDEL park at Chennai [...]
Technosoft Establishes New Development Center in India
Technosoft Global Services, a subsidiary of Michigan-headquartered IT outsourcing services provider Technosoft, has establishing another development center in Chennai, India. The company aims to spend five million dollars on infrastructure, recruiting professionals and in the development of third facility in India by the end of this year 2007.
Technosoft has been offering tailored IT solutions for [...]
Calvin Klein coming to India
Calvin Klein, the Swiss watch and jewellery maker belonging to the Swatch group, will soon enter India. To begin with it will start with watches and bring in its jewellery collection by end of the year.In fact, the watches would be available on the shelves of retail malls by end of April or early May.
“Coming [...]
US$3b boost for Aircel expansion
Maxis is excited about the prospects in India, and it will be busy growing its business there over the next five years.
INDIA-BASED mobile operator Aircel Ltd would need US$3bil to spread its reach into 23 circles (territories) over a five-year period beginning this year, and part of the funding would have to come from Maxis [...]
Business co-operation award from India
The Flowserve long-term support of indo-US business relations has been honoured with an inaugural award from the Indo-American Chamber at a ceremony in Chennai, India
Flowserve has been honoured as the recipient of the Indo-American Chamber-Sanmar Indo-US Business Cooperation Award. Lewis Kling, President and CEO of Flowserve accepted the award in Chennai, India on behalf of [...]
Making mobiles theft-proof with new technology
Mobile users who want to make their phones theft-proof can use a new technology developed by a US-based firm that is being offered in India by Chennai-based California Software Company Limited (Calsoft).
The product, Theftguard ME, can completely disable the device when lost or stolen, Calsoft said in a release here Thursday.
Developed by Texas-based Softex Inc, [...]
Gabbana to open first branch in Chennai
Gabbana, Colombo has plans to branch out and expand activities overseas. April will see Gabbana Sri Lanka opening its first overseas branch in Chennai, India, a spokesman for Gabbana said.
“Expanding overseas is a very big step for us, and we would not have been able to do it without our great team. The staff at [...]
