Archive for November, 2007 Page 2 of 7



IBM, Ordyn Technologies sign IT infrastructure deal

Software major IBM on Wednesday signed an agreement with Bangalore-based Ordyn Technologies, a optical telecom transmission equipment manufacturer, to manage its complete IT infrastructure.

IBM will provide global business and technology services, hardware, software, and IT financing to help Ordyn make its business flexible to align with the rapidly evolving market dynamics, an IBM release said here.

This deal will enable Ordyn leverage IBM’s global domain knowledge and consulting expertise in the Indian Telecom space to ensure sustained growth.

Ordyn’s ambitious global plans and its rapid expansion in the global scenario demand a robust, homogeneous and seamless communication and application platform which can be replicated rapidly to create unified architecture at its global locations, it said.

“IBM’s expertise in this (telecommunication) segment and the breadth of products and services will help successful companies in the SME Market, such as Ordyn, continue to tackle the explosive Indian Telecom market with the assurance that they have IBM at their side at all times,” IBM India/South Asia Director, Global Mid Market Business Ramesh Narasimhan said.



Kiran Bedi seeks voluntary retirement

India’s first woman police officer, Kiran Bedi, has announced that she is retiring after 35 years in the job.

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The decision comes almost four months after she expressed disappointment over denial of the post of Delhi Police Commissioner to her.

India’s first woman police officer, seen as a symbol of empowerment in a male-dominated society, said on Tuesday she was quitting, months after a junior male colleague was chosen ahead of her for a top job.

Kiran Bedi, known as a tough, no-nonsense officer who spoke her mind, said she had applied for voluntary retirement two years ahead of schedule, to pursue academic and social interests.

Her decision came after she was bypassed for the role of Delhi’s police chief, one of India’s most prestigious police posts.

At the time Bedi lashed out at the government saying she may have been overlooked because, as a woman, she did not have “booze friends”, arguing appointments were being made on how good officers were at “networking”.

On Tuesday though, she said the time had come to “move on”.

“I want to focus on my academic, spiritual and social interests more,” Bedi told reporters. “My 35 years of service has been totally fulfilling.”

There was no immediate comment from the federal Home Ministry on her request for early retirement.

One of India’s most recognised faces, Bedi has a larger-than-life image in a country where police are mostly perceived as inefficient or corrupt or both.

An Asian and national tennis champion before she made it to the Indian Police Service in 1972, Bedi has worked in traffic and narcotics control, prison management and was also an adviser to the U.N.’s peacekeeping operations.

CONTROVERSY

She shot to fame in the early 1980s when she was responsible for the unthinkable act of having the then Prime Minister Indira Gandhi’s car towed away for illegal parking while Gandhi was out of the country.

As head of Delhi’s Tihar jail, one of Asia’s largest, she introduced yoga, meditation and literacy classes for prisoners as part of a reform programme that drew global notice.

Bedi broke the mould in a country where many women, particularly in the countryside, continue to be discriminated against and harassed.

Her life was also partially adapted to create a TV series that became popular on national television. Today, more women serve in the armed forces and in senior corporate, media and government positions.

Local media reports said Bedi was denied the Delhi police chief job because she had been out of active policing for about 20 years.

Bedi was also accused of leaking information to journalists, instigating her juniors to rebel and insubordination, columnist Karan Thapar wrote in the Hindustan Times in August.

Bedi did not respond publicly to the column, but she has said in the past that decision-making in the police force was a controversial business, and the only way one could avoid that was not to take a decision.



The Supreme Court granted bail to actor Sanjay Dutt

The Supreme Court has granted bail to actor Sanjay Dutt when the petition came up for hearing today. Dutt has been sentenced to 6 years’ imprisonment under the Arms Act in the 1993 Mumbai blasts case.

The Supreme Court granted bail to actor Sanjay Dutt

In a reprieve for Bollywood actor Sanjay Dutt lodged in a Pune jail for over a month, the Supreme Court on Tuesday granted him bail in the 1993 Mumbai serial blasts case.

Besides Dutt, who has been sentenced to six years imprisonment by a TADA court in Mumbai, 17 other convicts were also granted bail.

Custom Officer Somnath Thapa, who has been give a life term, was granted bail on medical ground as he is suffering from cancer.

However, in the case of other life convicts, a Bench headed by Chief Justice K G Balakrishnan said it was not inclined to consider their bail plea at this stage.

The court adopted a common parameter that those convicts who have already undergone half the period of sentence awarded by the trial court, were eligible for bail.

It said all those who have been granted bail have to furnish a bond subject to the satisfaction of the Special TADA court and their passports would remain deposited.

Those granted bail have to report to the Special Task Force of CBI, Mumbai once in a month, the court said.

It also asked its Registrar to intimate the order of bail to the Special TADA judge Mumbai by email. Expressing relief over the court’s order, the actor’s sister and Congress MP Priya Dutt told reporters in Mumbai that “We are happy that he would come here soon.”

“We hope for a better tomorrow and want to thank all who have supported us to overcome the situation,” she added.

Dutt, in his plea, has contended that during the 14 years of trial he has already undergone one-fourth of the six-year jail term awarded in the case.

The actor had remained in jail for 18 months during the trial before he was granted bail by the apex court.

Dutt was convicted on November 28, 2006 and the quantum of punishment was pronounced on July 31, 2007, following which he was taken into custody.

However, he was granted interim bail on August 20 on the condition that on getting a copy of his conviction judgement, he would surrender before the TADA court.

Dutt, who got a copy of the judgement on October 22, complied with the bail condition and surrendered before being taken to Yerrawada jail in Pune.

The court said that bail would not be granted to those sentenced to life imprisonment. Appeal and bail plea of those convicts who have not surrendered will not be considered.

U.S. investment in India will go up further, says Attorney

The U.S. investment in India is on the rise over the last few months and will increase further, even as the dollar is getting weaker by the day, U.S. Attorney Michael Kraus said here on Monday.

“It is cheaper to produce goods in India, but it is expensive to export goods from India as the buyers are not willing to renegotiate the contracted price. The dollar is likely to go down further in the days to come,” he told The Hindu.

Later addressing members of the Indo-American Chamber of Commerce on ‘Doing business with USA,’ he urged Indian entrepreneurs to set up firms in the U.S. and explained the advantages and tax benefits offered by different States. “Compared with India, it is neither expensive nor time-consuming to set up firms in the U.S. It can be established even by a single person with $1 and, that too, within a day. There is also no need to have minimum capital.”

The outbound investment from India during 2006-2007 was $2 billion through 46 deals, with information technology-enabled services accounting for 48 per cent. Small and mid-sized deals, ranging from $20 to $60 million, occupied the centre stage, and more such deals were in the offing.
Due diligence

“If you are planning to acquire firms in the U.S., do it with due diligence with regard to the technical, financial and legal aspect properly. Don’t go for firms that offer service at lesser rates. Due diligence does not lead to closure of deal. It opens an argument on purchase price. Probably, you could get the company for a better rate.” Source: Hindu

Orchid Group of Hotels to invest Rs 1,000 crore for setting-up seven properties

The Orchid Group of Hotels is planning to invest over Rs 1,000 crore to set-up seven five-star category hotels in India. The properties will come up in the next 18 months in Tier I cities like Bangalore, Chennai, Jaipur and Kolkata among others. “The Group has essentially been into management contract business with few completely-owned properties. We are now looking at adding nearly 2,000 rooms in the completely-owned category across seven locations in India,” said Pushpinder Kumar, Chief Executive Officer, Orchid Group of Hotels.

The Group has also signed management contracts for 10 hotels, which will come up across the country by 2009. It is also slated to launch a 140-room property under a new luxury boutique hotel brand, ‘O Hotels’, in Pune in early 2008. Having an international foray on its charts, it recently acquired one site each in China and South Africa for setting-up hotels. Source: travelbizmonitor

Wireless Bangalore in 18 months

Bangalore is set to offer unhindered wireless Internet access to the entire Greater Bangalore within 18 months. With this, Bangalore will be the second wireless city after Taiwanese capital Taipei.

“Project Unwired Bangalore has just been launched as we strongly believe mobility in terms of personal computers and laptops,” said M.N. Vidyashankar, Secretary to Government (Information Technology and Biotechnology), here on Friday.

He was speaking after inaugurating a five-year integrated M.Sc. course in biological sciences of the Bangalore University on its Jnana Bharathi campus here.

Stating that the 21st Century belonged to wireless and nano technology, Mr. Vidyashankar said Karnataka, being the pioneer in information and biotechnology, had planned well to be ahead of others in these fields.

Wireless Bangalore was one among the two major initiatives of the Government while focus on nanotechnology was the other, Mr. Vidyashankar said.

Unrestricted Internet access will be offered in the entire 743-sq. km. area of Greater Bangalore under the unwired Bangalore project, which requires an investment of over Rs. 900 crore.

To give fillip to nano technology, the Government has constituted a vision group for the sector under the stewardship of scientist C.N.R. Rao. On the lines of IT.IN and Bangalore Bio, “Bangalore Nano” is slated to be held in Bangalore on December 6 and 7, he said. Mr. Vidyashankar said that the IT and BT sectors had been witnessing 35 and 40 per cent annual growth respectively.

The biotechnology sector, particularly agri-bio and pharma-bio sectors in Karnataka, had been witnessing a phenomenal growth of 170 per cent as against the national average of 20 per cent, he pointed out.

Commending Bangalore University for taking up the initiative to start an integrated course in biological sciences, Mr. Vidyashankar said students who complete the course would have a bright future.

Bio-technology industries in Karnataka had taken the initiative of setting up a finishing school that would start functioning in February next, he added. Source: Hindu