Allianz Insurance unit sets up third facility in Kerala

January 10th, 2009 THIRUVANANTHAPURAM - It is advantage time for IT companies in Kerala. With Satyam under a cloud, the software companies in the state are busy trying to win over clients of the tainted IT bellwether even as they are flooded with job applications from Satyam employees.

August 13th, 2009 AIG reaches deal to sell Indian IT unit to MphasiSNEW YORK — American International Group reached a deal to sell another unit on Wednesday. The battered insurance giant will sell its AIG Systems Solutions Pvt.

September 10th, 2009 THIRUVANANTHAPURAM - Kerala's IT sector will generate as many as 200,000 jobs in the next five years, state Chief Secretary Neela Gangadharan said Thursday. Inaugurating a conference on IT in Kerala - Challenges and Opportunities, organised by the Confederation of Indian Industry (CII) here, she said over 200 rural IT Parks (Techno Lodges) are expected to come up in the state in the next two to three years.

November 3rd, 2009 KOCHI - The Confederation of Indian Industry (CII) will organise a two-day India IT Summit 2009 here next month, an initiative that is expected to accelerate growth of information technology (IT) in Kerala. To begin Dec 10, the event themed "Changing Role of India in Global IT Business" will consist of three plenary sessions.

March 27th, 2009 THIRUVANANTHAPURAM - While India's overall software exports have slowed down on account of the global slowdown, those from Kerala grew 43.41 percent till February-end, fetching a revenue of Rs.2,300 crore. 'While the STPI (Software Technology Parks India) figures for the country show a growth of 17.62 percent till February-end this fiscal, software exports from Kerala have grown at 43.41 percent,' said an IT department official who did not wish to be identified.

June 23rd, 2009 MUMBAI - Telecom major Idea Cellular Tuesday signed a Rs.145-crore agreement with Firstsource Solutions, a business process outsourcing (BPO) service provider. As part of the agreement, Firstsource will provide for five years a suite of customer management interaction services, including customer service, billing, new product information and plan details to Idea from its centre in Coimbatore, the companies said in a statement.

July 27th, 2009 CHENNAI - The second phase of softyware park Infopark in Kochi, which may be developed under a public-private partnership (PPP) model, will come up over 160 acres, said a top company official here Monday. "We are getting into the second phase of Infopark's expansion.

October 10th, 2009 THRISSUR - Kerala Chief Minister V.S. Achuthanandan Saturday inaugurated the third IT park in the state - Phase 1 of Infopark Koratty - and said that nearly 200,000 jobs in information technology sector would be created in the next two years.

April 14th, 2009 CHENNAI - City-based banking, financial services and insurance software company Polaris Software Lab Ltd will invest $20 million to set up a centre for excellence for insurance near Chennai, a top official said Tuesday. 'The eight-storey centre will house 2,500 employees and will be completed in 18 months,' Arun Jain, chairman and chief executive of Polaris, told reporters at the foundation stone laying ceremony.

August 14th, 2009 KANNUR - The cyber cell of the Kerala Police has traced down an e-mail threat from the United Arab Emirates (UAE) warning of serial bomb blasts in the state, if a separate Muslim state, comprising districts of north Kerala, is not created. Inspector General of Police Tomin Thachenkery said on Friday that a few media offices in the state had received the e-mail threat on Thursday.

June 15th, 2009 THIRUVANANTHAPURAM - Cooperation in the IT sector between Singapore and industry majors in Kerala has received a major boost after a delegation from the Group of Technopark Companies (GTech) visited the city-state for talks with senior government officials and business lobbies. GTech represents the heads of all major IT companies in Technopark, which is home to more than 120 companies and employ close to 18,000 people.

September 18th, 2009 KOCHI - The first phase of the Rs.600-crore Koratty information technology park in Kerala, being set up as part of the state government's plan to open IT parks in all districts, will be opened Oct 10. The project, coming up on 42 acres in Koratty in Thrissur district, is one of the fastest developed IT parks in the state, Siddhartha Bhattacharya, chief executive of Infopark Kochi, which is developing the project, told IANS.

August 10th, 2009 WASHINGTON - Scientists have developed a new operating software for condition monitoring (CM) systems that are used to monitor machines remotely, which can be adapted for use with various types of facility without the need for manual programming. CM systems monitor machines remotely, with sensors mounted on the equipment feeding continuous measurements back to a control box, which records and stores the data, and if an error occurs, the system alerts the operator.

September 13th, 2005 “The company conveyed to the government last week that it would not be able to make the investment as the project would not be viable without the tax concessions. The company, however, said it would explore opportunities in the future,” an unnamed Intel official told Business Standard.

May 14th, 2009 THIRUVANANTHAPURAM - Companies based in the Technopark IT industrial park here will join hands with the Kerala government to strengthen the AIDS awareness campaign in the state, an industry official said here Thursday. The Group of Technopark Companies (GTECH), a body representing the chief executives of the Technopark firms, has adopted a corporate policy on HIV/AIDS that calls for strengthening the awareness campaign among among the member companies and employees, the group secretary, Satish Babu, said.