India Business Insight articles from February 2008

India Business Insight archives from February 2008

INFINITE TECHNOLOGIES (revenues grew by 20% from Rs9 crore in 2006-2007 to Rs10.8 crore in 2007-2008).
February 15, 2008... Infinite Technologies was incorporated in 1998. The company is a provider of white box servers, storage solutions, workstations, KVM switches, and networking and security. The company also undertakes annual maintenance contracts (AMCs),...

MINISOFT TECHNOLOGIES (revenues grew by 50% from Rs5 crore in 2006-2007 to Rs7.5 crore in 2007-2008).
February 15, 2008... Minisoft Technologies was incorporated in 1993. The company is into resale of software. It is also a provider of networking and power solutions of Cisco, Novell, APC, ADC, Krone, Tyco, and Avaya. The company has its headquarters in...

WEBCOM INFORMATION TECHNOLOGY (revenues grew from Rs15.39 crore in 2006-2007 to Rs21.67 crore in 2007-2008).
February 15, 2008... Webcom Information Technology was incorporated in 1991. The company has its headquarters in Bangalore. It is a provider of networking solutions using products of Cisco, 3Com, Nortel, Allied Telesyn, D-Link, Systimax, Avaya, Tyco,...

DART IT NETWORKS (turnover grew from Rs6 crore in 2006-2007 to Rs9 crore in 2007-2008).
February 15, 2008... Dart IT Networks was incorporated in 2005. The company is into consulting services, security audit, security policy formation, network audit, network devices tuning, equipment maintenance services, and facilities management services. The...

UTIMACO SETS UP OFFICE IN MUMBAI (Utimaco has been marketing its solutions in India for more than a year through value added distributors).
February 10, 2008... Utimaco Safeware AG, which had been marketing its solutions in India for more than a year through value added distributors including WeP India Ltd and IValue Infosolutions Pvt Ltd, has now set up an office in Mumbai. Utimaco Safeware is a...

TTL TECHNOLOGIES TO DISTRIBUTE THERMO SCIENTIFIC RHEOMETERS IN INDIA (Thermo Fisher Scientific and TTL Technologies sign an agreement effective from 1 Jan 2009).
February 10, 2008... Thermo Fisher Scientific and TTL Technologies Pvt Ltd will undertake distribution of Thermo Scientific rheometers and viscometers in India under an agreement signed between the two companies. The agreement is effective from 1 Jan 2009....

TRANSCEND LAUNCHES 500GB STOREJET 25F IN INDIA (StoreJet 25F is a 2.5-inch portable hard drive designed for business travellers).
February 10, 2008... Transcend has launched StoreJet 25F, a 2.5-inch portable hard drive designed for business travellers, in India. The portable hard drive is 113.8 millimetres (mm) long, 80.9 mm wide and 15.9 mm thick, and offers a storage space of up to...

NEW SEZ RULES TO 'HOUSE' MORE FACILITIES FOR WORKERS (as per the Government of India's amended rules).
February 4, 2008... The Government of India amended rules for Special Economic Zones (SEZs) asking developers of SEZs to provide housing facilities for workers and staff within SEZs. However, the developers can avail of duty concessions for bringing in...

BODY TO PROMOTE BRAND INDIA ON GLOBAL RAMP (FDPC will serve as a platform for the Indian fashion industry).
February 4, 2008... The Ministry of Textiles, Government of India along with key stakeholders in the textile industry and fashion designers formed Fashion Design Promotion Council (FDPC) to promote Brand India in the global fashion market. FDPC will serve as a...

GMR, LANCO LINE UP FOR THERMAL PLANT IN MAHARASHTRA (with an investment of over Rs6,400 crore).
February 4, 2008... Maharashtra State Power Generation Company, the nodal agency for the proposed imported coal based 1,600 megawatt thermal power plant with an investment of over Rs6,400 crore, has received proposals from GMR and Lanco. Reliance Power, Tata...

BHEL, KEL TIE UP TO FOCUS ON CORE SECTORS (like railways, industries and renewable energy).
February 4, 2008... The power equipment company Bharat Heavy Electricals Ltd (BHEL) and Kerala Electrical and Allied Engineering Company Ltd (KEL) signed a memerandum of understanding for setting up a 50:50 joint venture (JV). The JV will focus on core...

GM GEARS UP FOR NEW LAUNCH (of its Cruise model and a mini car in 2009).
February 4, 2008... General Motors (GM) India is getting ready for the new launch of its Cruise model and a mini car in 2009. In 2008, when the auto sales showed a negative growth of two percent, GM India registered 10 percent growth in sales.

EXPORTS TO SHRINK 5.9% IN 2009-2010 (to $160 billion).
February 4, 2008... The Ministry of Commerce, Government of India, said that total Indian exports for 2009-2010 would shrink by 5.9 percent to $160 billion from $170 billion likely to be achieved for 2008-2009. The Jan 2009 shipments have already declined by 22...

MADHUCON PROJECTS NET UP (by 6.7% to Rs13.85 crore for Oct-Dec 2008).
February 4, 2008... Madhucon Projects Ltd registered a net profit growth by 6.7 percent to Rs13.85 crore for Oct-Dec 2008 as compared to Rs12.97 crore for Oct-Dec 2007. Its income grew to Rs227.26 crore for Oct- Dec 2008 (Rs201.17 crore).