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CHENNAI, India, November 20 - A recent micro-loan securitisation, completed by IFMR Capital and Equitas
Micro Finance, has enabled the first ever mutual fund investment into the
Indian microfinance sector. The Rs. 480 million ($10.4 million) transaction
is backed by over 55,000 micro-loans originated by Equitas Micro Finance, a
Chennai-based microfinance institution with approximately 700,000 low-income
clients. The transaction was structured by IFMR Capital, which operates as a
financial guarantee company for sectors impacting low-income households, and
which co-invested in the junior tranche of the securitisation.
SAINT-CLOUD, France, November 20 - Dassault Falcon has received Type Certificate for the Falcon
7X from the Director General of Civil Aviation (DGCA) in India, confirming
that the Falcon 7X meets the rigorous safety standards outlined by the
national airworthiness authorities and allows registration of the Falcon 7X
in the country.
LEONIA, New Jersey and BANGALORE, India, November 19 - Infocrossing, a Wipro (NYSE: WIT) Company, today announced that it has
entered into a multi-year agreement to provide infrastructure services for
Cliffs Natural Resources, Inc. Cliffs is an international mining and natural
resources company. It is North America's largest producer of iron ore
pellets, a major supplier of direct-shipping lump and fines iron ore out of
Australia and a significant producer of metallurgical coal.
Manthan Plans to Use Funding to Target Leadership Position in Retail Business Intelligence & Analytics
Light Reading's Policy Control & DPI Virtual Tradeshow debuted on Tuesday with the industry's leading policy control experts, more than 600 attendees, and 9 sponsors
Strong Q3 highlighted by US$35 million funding raise, significant new customer wins and award honors from Deloitte Technology Fast 50(TM) and CRM Magazine
MUMBAI, India, November 18 - Hexaware Technologies, a leading global provider of IT & BPO
services and consulting, today announced the launch of the QwikCheck Bar
Coded Boarding Passes (BCBP) solution. The solution will help generate two
dimensional (2D) Bar-coded boarding passes. This ready to use solution can be
easily integrated with any existing Departure Control System (DCS) system
used by an airline, to enhance the web and mobile check-in facilities offered
to passengers.
PUNE, India, November 18 - Key executives from India's carmakers are meeting in Pune in two weeks
time to address some of the hard practical issues which constrain the growth
of the country's automotive production capacity.
NEW DELHI, November 18 -
- Powered by IndiaMART.com, www.NDTVSME.com will Provide
Information, Transaction and Services to the Large SME Segment.
MasterCard(R) MoneySend(TM) to Make Money Transfers Simpler and Easier for Banks and Cardholders Worldwide
Turnkey Project Includes Test System Development, Configuration and Comprehensive Training at Cutting-Edge Test Center
CAMBRIDGE, Massachusetts, November 17 - The business segment in Africa and the Middle East should be the main
focus of WiMax operators as fixed WiMax's contribution to fixed business
broadband subscriptions is expected to more than quadruple by 2014, according
to a new report from Pyramid Research (www.pyr.com), the telecom research arm
of the Light Reading Communications Network (www.lightreading.com).
Industry Veteran Brings Substantial Experience in Executing Pre-IPO Growth Initiatives at Companies Including Intellon and Microtune
ORLANDO, Florida, November 17 - JUPITER, which used CRESTOR 20 mg, is the first statin study to
demonstrate a reduction in the risk of cardiovascular (CV) events in women
without established cardiovascular disease (CVD). In this new analysis of
6,801 women from the JUPITER study, rosuvastatin 20 mg reduced CV events by
46% in women without CVD but at increased risk of a cardiovascular event, as
identified by age and elevated hsCRP (p=0.002 vs placebo). This analysis also
showed a 42% reduction in CV events for men without established CVD (p<0.001
vs placebo). These data were presented today at the American Heart
Association Annual Scientific Sessions in Orlando, Florida.
70% Space Saving, 94% Power Efficiency, 20 DP Servers in 7U
PORTLAND, Oregon, November 16 - Super Micro Computer, Inc. (Nasdaq: SMCI), a leader in
application-optimized, high-performance server solutions, is unveiling its
new TwinBlade(TM) the latest addition to its SuperBlade(R) family of blade
servers at SC '09, Oregon Convention Center in Portland (booth 2355). With
superior processing power and performance-per-watt, TwinBlade(TM)
Supermicro's new breakthrough in blade system design, doubles the number of
dual-processor (DP) compute nodes per 7U enclosure from 10 to 20.
According to “Nuclear Energy - A New Hope for India”", a new research report, the Indian nuclear power industry is set to boom post Indo-US nuclear deal. High demand and low production pushed the power deficit in India to around 10% of the total requirement in the FY 2008. And this deficit is expected to widen further in future as India’s power requirement is growing faster than generation. This can put breaks on the seamless economic growth of the country. So the government, as a precautionary measure, is focusing on the nuclear power industry. The major reason for shifting to nuclear power is its potential to generate more power than any other energy source in a short period of time and with low fuel requirement.
CAMBRIDGE, Massachusetts, November 12 - A dramatic shake-up in the U.S. market for new handset sales will ensue
as smartphones grow to comprise roughly 60 percent of new handsets sold in
the U.S. by 2014, according to the latest forecast data from Pyramid Research
(www.pyr.com), the telecom research arm of the Light Reading Communications
Network (www.lightreading.com).
ARMONK, New York, November 12 - IBM (NYSE: IBM) today announces it has received IDC's first SMB
Excellence Award for the effectiveness of its Express Advantage program in
helping mid-market businesses thrive in a rapidly changing business
environment. IBM, the only firm to receive awards in two categories, was also
recognized in the "Innovative Alliances" category for the Intuit QuickBooks
Enterprise Solution via IBM Smart Cube.
AT&T U-verse wins again for most innovative video service
ORLANDO, Florida, November 12 - TelcoTV 2009, the premier meeting place for the convergence of the
entertainment and communications markets, has named the winners of the 2009
TelcoTV Vision Awards. For the second year in a row, AT&T won the Service
Provider's Innovation Award, this year winning for its U-verse TV Multiview
Interactive TV application, which lets customers watch up to four channels at
one time. AT&T claims it's a faster way to view TV programming lineups than
channel surfing.
NEW DELHI, November 12 -
- IndiaMART.com launches first of its kind free tenders service.
- Comprehensive database of over 50,000 live tenders.
- tenders.indiamart.com/ to have detailed information on
government and private tenders from all across India.
- This is IndiaMART.com's second such service after hugely successful
IndiaMART Sourcing Guides.
A Leaders Roundtable, 24 November 2009, Radisson Water Garden Hotel, Dhaka Bangladesh
Renewed Relationship Brings Choice Hotels onto Expedia Sites Worldwide
BELLEVUE, Washington and SILVER SPRING, Maryland, November 12 - Choice Hotels International (NYSE: CHH) and Expedia, Inc., the world's
leading online travel company (Nasdaq: EXPE), today announced they have
signed a new three-year agreement to include Choice Hotels International
properties on the more than 80 Expedia(R) and Hotels.com(R)-branded sites
that Expedia operates worldwide.
Indian Man Made Fibre Industry - The Indian Textile Industry is one of the most important and integrated industries in the Indian economy providing employment to nearly 35 mn people directly and 50 mn people indirectly. The market size in FY08 is estimated at USD 52 bn and accounts for 26% of the manufacturing sector, 20% of the industrial production and 18% of total industrial employment. The industry also contributes 15% to gross export earnings and 4% to national GDP. The textile industry can be segmented into natural fibres and man-made fibres (MMF) based on use of basic raw material, cotton or crude derivate respectively.
LONDON -
- BeautifulPeople.com reveals the world’s most beautiful inhabitants as 1.8 million are rejected
HYDERABAD, India, November 10 - Enfinity, a global renewable energy developer, and Titan Energy Systems,
a manufacturer of PV modules, today announced their collaboration on
developing, financing and constructing 1 GWp of PV installations on 3000
acres of land in Andhra Pradesh in the coming 5 years.
ORLANDO, Florida, November 10 - WHEN: Tuesday November 10 through Thursday November 12, 2009
DETROIT -
- Bank of America Merrill Lynch Retained as Financial Advisor
Motors Liquidation Co. (MLC), formerly known as General Motors Corp., announced today it intends to continue with the sale process of its powertrain manufacturing and engineering facility in Strasbourg, France, which operates as a subsidiary of MLC. It was also announced that Bank of America Merrill Lynch has been retained as financial advisor for the sale.
MAARSSEN, Netherlands -
Momentum is building for the early December staging in Mumbai of the third CPhI India and second P-MEC India pharma ingredients, services and technologies event. A combined total of over 600 exhibitors from over 80 countries are expected at the Bombay Exhibition Centre for the 2009 events, being held on 1 - 3 December.
HAMBURG, Germany - Over the weekend at the end of India Week Hamburg 2009, about 260 German and Indian guests celebrated Diwali, the Indian Festival of Lights, at the Hamburg House. For ten days, the Hanseatic city was entirely dedicated to India. Many citizens of Hamburg and Indian guests attended approximately 30 events on Indian culture and on economic and political ties the Hanseatic city has with the Indian subcontinent. At the conclusion of India Week, the 7th South Asia Day takes place on November 14 at the University of Hamburg.
MUMBAI, India -
- Roamware Receives Award for Excellence in Brand Innovation
MUMBAI, India, November 5 /PRNewswire/ –
NEW YORK -
Ethernet Expo Americas 2009, hosted by Light Reading (www.lightreading.com), by far the leading online publication for the worldwide communications industry, and Heavy Reading (www.heavyreading.com), its prestigious market research division, emerged as the largest Ethernet Expo to date and the largest Ethernet event in the industry. With over 600 non-sponsored attendees, of which 440 were service providers or operators, Ethernet Expo Americas 2009 greatly surpassed its attendee goal of 500.
BANGALORE, India -
- Partnership Offers New Levels of Cost Flexibility and Extends Ayuda’s Reach throughout the US, India, and Europe
CAMBRIDGE, Massachusetts -
Ringtone revenue falls short in Latin America as mobile Internet access will account for almost 79 percent of all non-messaging mobile data revenue by 2014, according to the latest forecast data from Pyramid Research (ww.pyr.com), the telecom research arm of the Light Reading Communications Network (www.lightreading.com).
NEW YORK -
International students now have an online tool that can quickly and accurately convert their non-US grades and calculate their grade point average (GPA) on a 4.0 scale, the WES iGPA Calculator. More and more, higher education institutions are asking for students to give a self-reported GPA on their applications, to enable them to quickly determine eligibility. For American-educated students this is an easy task, but for internationally-educated students who are not used to the 4.0 scale it causes confusion and undue stress. That’s why World Education Services (WES) decided to offer this new tool.
BANGALORE, India, BOSTON, Massachusetts and LONDON -
- Surveys by Finacle From Infosys Reveal Key Trends on Banking Innovation
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