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Polaris Software to buy US firm
The Chennai-based Polaris Software has signed a definitive agreement to acquire SEEC Inc, a US-based insurance technology solutions provider for an undisclosed amount.

Strand Genomics working on 'artificial liver'

After 'virtual man', there is another trend catching up among the bioinformatics research groups, which is an 'artificial liver'. Pioneering this research is Bangalore-based Strand Genomics in association with World Bank is in the process of giving out beta versions for the pharmaceutical companies.

Lanco gets LOI for Vizhinjam project

The Rs 8,300 crore Vizhinjam International Transhipment Terminal Port Project, mooted by the Kerala government, has been awarded to the consortium of Lanco and Pembinan Redzal Sdn Bhd of Malaysia.

Sunil Mantri unveils Karnataka plans

Mumbai-based real estate major Sunil Mantri Realty Ltd would promote projects worth around Rs 20,000 crore across the country in the next eight years, a top official of the company said.

Jessop to divest its stake to 75%

Pawan Kumar Ruia has stepped down from his post of the executive member on the board of Jessop & Co Ltd, as the company is looking at diluting its holding.

EEPC eyes ASEAN to tide over volatile global market

The Engineering Export Promotion Council is banking on the ASEAN market to tide over the volatility in the global financial market.

Cong opposes all-party resolution for Tata Motors to resume work

The Congress party has opposed the all-party resolution, which has requested Tata Motors and ancillary units to resume work as soon as possible.

UK scooter co eyes east, to open 30 dealerships

UK-based electric scooter & cycle manufacturer Ultra Motor Company is all set to open 30 exclusive dealerships across eastern India by March 2009 as it plans to consolidate its network in the region.

Whirlpool targets small towns in east

Whirlpool Corp is focussing on the small towns of the eastern region to increase sell of all its product categories including washing machines, air conditioners and microwaves. The region contributes about 14% of the company's total turnover in India.

3G tech to open doors for innovative services

With work on spectrum allocation about to begin and a roll-out expected in the next three to six months, 3G is likely to open doors for unique and innovative services in the country, said Alcatel-Lucent India president Vivek Mohan.

Left strike leaves biz in limbo in Kerala

With civil mobility affected following the 24-hour nationwide strike called by Left trade unions, business is almost standstill in Kerala.

AIADA eyes 200 acres in Seraikela for expansion

The AIADA Jharkhand's biggest industrial area that has reached saturation in terms of space, has identified 200 acres near Seraikela, 15 km from its Gamharia periphery, for expansion.

CITU 'all-India' strike hits only Bengal IT sector

Work at Salt Lake's Sector V, the hub of West Bengal's information technology industry, was brought to a halt by the 24-hour all-India industrial strike called by the Left trade unions as contract buses and public transport stayed off the roads.

As Govt & TMC look for Singur key, CPM locks down state

Partha Chatterjee, the TMC legislator deputed by party chief Mamata Banerjee to talk to the government over the TMC's demand for the return of 400 acres at the Tata Motors Singur project site to farmers, turned up at Writers' Buildings at 4.30pm to meet commerce and industries minister Nirupam Sen.

AP govt enhances wind power purchase price

With a view to encouraging wind power generation in Andhra Pradesh, the State government has enhanced the power purchase price to Rs 3.50 per unit from Rs 3.10 per unit for wind mills, according to power minister Shabir Ali.
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