STPIs at Kakinada : Official

Monday, May 1, 2006, 22:48 [IST]

Hyderabad, Apr 29 (UNI) Andhra Pradesh IT secretary Ms Ratna Prabha today said new Software Technology Parks of India (STPI) would be set up at Kakinada, apart from the existing five STPI locations in the state.

Talking to newspersons here, Mr Ratna said the Centre has approved starting STPI operations at Kakinada from this year which had the market opportunity and availability of human resources.

Suitable space has already been identified to actively launch IT operations.

The new STPI at Kakinada was aimed at creating more options in secondary cities and enable local talent to find employment in IT companies.

She said the STPI has taken up many initiatives in association with the state government to actively promote each of the secondary cities of the state. STPI was also coming up with state of the art incubation infrastructure in the IT hub at software units layout in HITECH city.

UNI AP VV 1525

Lanco Institutes awards to honour models

Monday, May 1, 2006,22:48 [IST]

Hyderabad, Apr 29 (UNI) LANCO group, a Hyderabad-headquartered leading corporate business house, today instituted LANCO awards to honourable models, who make a difference and inspire others to replicate their successes. After formally instituting the awards at Hyderabad today, the Congress MP from Vijayawada , L Rajagopal, who is also the Chairman of LANCO Institute of General Humanitarian Trust (LIGHT), said that these National Awards would be presented every year ''to individuals or institutions working with.....

Virinchi Technologies record 40 per cent growth in 2005-06

Monday, May 1, 2006,22:48 [IST]

Hyderabad, Apr 29 (UNI) Virinchi Technologies, an IT products and Service provider, today said the total revenue, its Fourth Quarter of the financial year 2005, stood at Rs 6.76 crore as against Rs 54.8 crore in the fourth quarter of financial year 2004-05, showing a growth of 23.35 per cent. The net profit for the fourth quarter 2005-06 which stood at Rs 22.69 crore as against Rs 19.28 crore for the period last year, recording a.....

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Suven Life Sciences to file IND on Alzheimer disease

Monday, May 1, 2006,22:48 [IST]

Hyderabad, Apr 29 (UNI) Suven Life Sciences, a Hyderabad-based Life Sciences company, today said that it is in final phases of filing its first Investigational New Drug (IND) application with USFDA during this year in the therapeutic area of CNS focusing on Alzheimer's disease. During the year, Suven spent 20 per cent of its revenue on R.....

Ashok Leyland to invest Rs 550 Cr in next two years

Monday, May 1, 2006,22:49 [IST]

Chennai, Apr 29 (UNI) Ashok Leyland, the Hinduja Group flagship in India, has proposed to pump in an investment of Rs 550 crore in the next two years on capacity expansion and drawn out an ambitious plan to roll out a host of new products in the coming years. Announcing this at a press conference here, Ashok Leyland Managing Director R Seshasayee said the vehicle production was up by 19 per cent, touching an all.....

Centre to promote Gems trade in NE region

Monday, May 1, 2006,22:49 [IST]

Aizawl, Apr 30 (UNI) With an aim to tap the potential of rich Gem stones in the northeast region, Union Ministry of Commerce in collaboration with Gem and Jewellery Export Promotion Council (GJEPC) would be setting up various 'Lepidiary' (identifing the quality of gems) training Centres across the region. Talking to UNI, GJEPC Chairman of eastern region Pankaj Parek said this project aims to train the young entrepreneurs in the NE region to curtail the.....