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ISA WINWire June 24 - July 1 2011


BHEL and BEL consortium to invest Rs 2,000 crore in AP

Source: The Economic Times, June 24 2011

A consortium of public sector majors Bharat Heavy Electricals (BHEL) and Bharat Electronics ( BEL )), has decided to invest Rs 2,000 crore to set up a solar photovoltaic modules production unit near Hyderabad. ``We have allotted 90 acres of land in Fab city for the proposed project. Besides, Bharat Dynamics Ltd (BDL) has also proposed six units including a missile unit in Ranga Reddy district with a cumulative investment of Rs 3,000 crore,'' said BR Meena, vice-chairman & managing director of Andhra Pradesh Industrial Infrastructure Corporation (APPIC). The new investment through the PSU joint venture is expected to help the state to revive its 1040-acre Fab city project near Hyderabad.

Karnataka clears semiconductor design testing lab proposal

Source: The Hindu Business Line, June 24 2011

To give a boost to semiconductor industry in the State, the Karnataka Cabinet has cleared the IT/BT Department's proposal to set up ‘Design, Testing and Characterisation Laboratory'. Briefing reporters, Dr V.S. Acharya, senior Cabinet Minister, said in the absence of the lab, semiconductor companies were spending lot of time and money to send their products to other labs located in other States. Keeping this in mind, the Government has agreed to release Rs 7.20 crore as its share to build the lab and the Centre has agreed to sharethe cost. The Characterisation Lab is to come up at the IT/BT Department-owned land in the STPI premises located in the Electronics City in Bangalore.

Imec India partners with Wipro to bring nanoelectronics solutions to emerging markets

Source: Express Computer, June 24 2011

Imec announced the establishment of Imec India in Bangalore, Karnataka, making a first step towards the Indian market with the signing of a Research and Development partnership agreement with Wipro Technologies. Imec is an independent applied research organization that carries out research activities in semiconductor, nanotechnology and nanoelectronics. Imec and Wipro have created a joint initiative to build next generation intelligent systems, called Applied Research in Intelligent Systems Engineering (ARISE). By bringing together a team of system designers, user designers, process, software and system architects, this initiative aims to develop nanoelectronics and NEMS-(Nano Electro Mechanical Systems) based solutions for emerging markets such as India.

Defence units line up big plans for Andhra

Source: Business Standard, June 24 2011

Public sector and defence establishment units are lining up huge investments for Andhra, and are in the process of acquiring land with the help of state-owned Andhra Pradesh Industrial Infrastructure Corporation (APIIC). Disclosing this here today, BR Meena, vice-chairman & managing director of APIIC, said Bharat Dynamics Limited (BDL) had identified lands in five of the six locations to set up manufacturing facilities with Rs 500 crore investment in each of these locations. BDL builds missile systems for the country's defence forces. Similarly, Hindustan Aeronautics Limited (HAL) is in the process of identifying land to set up a Rs 4,000-crore manufacturing facility for aerospace products in the state while Bharat Electronics Limited (BEL) will be establishing two new manufacturing facilities -- one in Anantapur and the other in Krishna district -- besides expanding its Machilipatnam facility.

Call to strengthen India, Korea ties

Source: The Hindu Business Line, June 24 2011

The first Indo-Korea Business Summit kicked off in the city on Friday. With the two countries signing the Comprehensive Economic Partnership Agreement (CEPA) in 2010 and the promise of $50-billion investment from Korea, the two-day summit aims to provide a networking platform to fast-track opportunities. Although several Korean companies have invested in India, “much more work needs to be done to strengthen ties between the countries,” said Mr J. A. Ham, Vice-President, Samsung Electronics, at the inaugural session of the summit. He said CEPA has opened up a new chapter in the relationship between the two countries and more Korean companies will set shop in India. According to Mr Lakhvinder Singh, President, Indo Korea Business & Policy Forum, it is not just economic ties but strategic relations too are growing strong between India and Korea. Trade between India and Korea stood at $17 billion in 2010. It is expected to grow to $30 billion by 2014.

Taiwan postcards: A reporter's photojournal

Source: EETimes, Rick Merritt, June 24 2011

I spent two weeks in Taipei and Hsinchu largely on the dime of the Taiwan External Trade Development Council getting reacquainted with a country I had not visited in a decade. First impressions: The heat and humidity clutches you the instant you step off the plane. The chaos and pace of life in a town flooded with scooters soon makes your head swim. And it doesn't take long before you are charmed by genuinely friendly, gentle people who work hard and take pride in what they do, the teams they are part of and their island home. So, without further introduction, come follow me on my two-week trek.

Altera Corporation and RV-VLSI partner to setup Innovation Lab

Source: Webnewswire, June 25 2011

Altera Corporation, a pioneer in programmable logic solutions, headquartered in San Jose, CA, USA, and India’s RV-VLSI, a premier research and training center, a unit of the Rashtriya Shikshana Samithi Trust have forged a partnership to set up an Innovation Lab, the first of its kind facility in India, involving a joint investment worth US $1 million. The Innovation Lab will promote the use of advanced design practices among corporates, academic research institutions, and students, thereby fostering an ecosystem for product creation; enhancing job opportunities for IT professionals, and familiarizing Altera products to Indian customers.

Infotech Enterprises receive honors from Indo-German Chamber Of Commerce

Source: Indian-Commodity, June 25 2011

Infotech Enterprises has received a high honor at the meeting of the Indo-German Chamber of Commerce in Dusseldorf, Germany for 'Exceptional Contribution to the Development of German-India Business Relations' before an audience of over 400 international guests. Infotech Enterprises GmbH was recognized for its unprecedented work in the improvement of German-India business relations, exemplified by rapid growth of business and ability to service some of the best known manufacturing companies in Aerospace, Rail, Energy and Consumer Electronics. From a small 10 people office Infotech Enterprises GmbH, Germany (IEG) has now grown to be a 328 people strong headquarters of Europe in eleven years with revenues of over Rs 431 crore as of end March 2011.

Nokia leads Rs. 33,171 cr Indian handset mkt

Source: CIOL, June 27 2011

Despite facing stiff competition from local brands in the Indian mobile handset market, struggling Finnish giant Nokia retained the number one position in the handset business in India in FY2010-11. While the Indian mobile handset market touched Rs. 33,171 crore in FY 2011, Nokia's share was Rs. 12,929 crore, showing a marginal growth of 0.2 per cent over Rs. 12,900 crore it did in FY2009-10, said Voice&Data 'V&D 100' mobile handsets study. In the recent times Nokia lost market share in low-end segments to home-grown handset makers like Micromax, Karbonn and Spice whereas its high-end phones faced a tough competition from brands like Samsung, BlackBerry and HTC.

Top Indian execs to get performance-linked pay

Source: CIOL, June 27 2011

Top executives in India will see their pay being increasingly linked to performance due to rapid increase in remuneration levels in recent years and increasing instances of inadequate delivery, said a survey released on Monday by a global human resource consulting firm. The survey by Mercer said, "There will be greater pay governance at senior levels due to rapid pay increases in prior years and increasing instances of inadequate delivery by the senior team." "This will mean greater scrutiny by boards and compensation committees on fair use of remuneration benchmarks, increased use of performance criteria and more clawback provisions," it added.

Ashok Soota halves MindTree stake in bulk deal

Source: CIOL, June 30 2011

Ashok Soota, former chairman of MindTree, who left the company in January this year to start his new venture called Happiest Minds Technologies, sold half of his 11.4 per cent stake in the company in a block deal on the National Stock Exchange on Thursday. According to reports, the stake was picked up by Cafe Coffee Day Group owner V G Siddhartha's Global Technology Ventures. Confirming the report, MindTree said that Soota has sold a portion of his stake in MindTree to one of the group entities of Siddhartha. The company also said that Siddhartha is an existing member of the Board of Directors at MindTree and has supported the firm for over 12 years.

Ansys to buy Apache Design for $310 million

Source: EETimes, June 30 2011

Design software vendor Ansys Inc. said Thursday (June 30) it signed a definitive agreement to acquire power analysis and optimization EDA vendor Apache Design Solutions Inc. for $310 million in cash. The deal is worth $281 million net of $29 million on Apache's balance sheet, Ansys (Pittsburgh) said. It also includes $13 million worth of retention and provisions and incentives for key members of Apache management and employees, including an additional $13 million of performance equity awards, Ansys said. Ansys said it intends to fund the transaction with cash on-hand from the combined organization. The transaction, currently expected to close in the third quarter, is subject to customary closing conditions and regulatory approvals, Ansys said. After the closing, Apache will become a wholly-owned subsidiary of Ansys, the company said.

Compiled by ISA Research

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