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December 2010

Breaking News
Accenture to build Web portal for Nagaland

NEW YORK -- Accenture has been given a 42-month contract by the Indian state of Nagaland to implement a state public service portal. Harnessing the power of the Internet, the portal will be used to bridge the gap between the government and citizens by offering enhanced and efficient delivery of information and services through a common platform for speedy resolution of questions and demands from Nagaland residents, according to Accenture. The project is expected to begin this month.



Atlantic.Net launches cloud service

ORLANDO, Fla. -- Atlantic.Net has launched its new cloud service, Atlantic.Net Cloud Servers. The company said it will offer several variations of this cloud product, including public cloud options, private cloud options and a combination of cloud and Web technology services.



Ethan Allen rolls out customer touch screens

DANBURY, Conn. -- Ethan Allen Interiors Inc. has installed new, interactive touch screens to participating Ethan Allen Design Centers nationwide. The touch screens have been designed to further enhance the client experience at Ethan Allen retail locations, according to the company.



Family, friends, community mourn Khalidi

CAMBRIDGE, Mass. -- Massachusetts resident and Hyderabad native Omar Khalidi, 57, was struck by a train in Cambridge and killed on Nov. 29. He is survived by a wife and daughter. Khalidi's family said they are trying to cope with the loss but declined further comment.



FBI director apologizes to Sikh Americans

In a letter to the Sikh American Legal Defense and Education Fund, a Sikh American civil rights and advocacy organization, FBI Director Robert S. Mueller issued an apology and clarification for remarks linking Sikh Americans to terrorism at an intelligence conference last fall.



GlobalMedia signs distribution deal with India’s Presto Infosolutions

SCOTTSDALE, Ariz. -- GlobalMedia Group, a telemedicine design, manufacturing and marketing firm based in Scottsdale, Ariz. — has signed a distributor agreement with Presto Infosolutions of India, a system integrator headquartered in New Delhi. Presto will handle sales of GlobalMedia's telemedicine products in India.



Hindu American Foundation releases study on caste-based discrimination in India

WASHINGTON -- Caste-based discrimination is an ongoing human rights problem in India that must be eradicated, according to a landmark report released today by the Hindu American Foundation, a Washington-based advocacy group. In its report, "Hinduism: Not Cast in Caste — Seeking and End to Caste-based Discrimination," the foundation analyzes the explosive subject of caste in the Indian subcontinent while rejecting the notion that caste is intrinsic to Hinduism.



Indian company’s sells its stake in U.S. business for $1.23B

BANGALORE -- India's GMR Group has sold its 50 percent stake in Massachusetts-based power utility company InterGen to state-controlled China Huaneng Group for $1.23 billion. GMR Group said it sold its shares in InterGen in order to focus its interest on energy opportunities in India. The Bangalore-based company builds and operates infrastructure projects in India. It acquired its stake in InterGen in October 2008 for $1.14 billion.



Insituform gets $5.6M contract for Indian sewer pipeline

ST. LOUIS -- Insituform Technologies Inc.'s Indian joint venture, Insituform Pipeline Rehabilitation Pvt. Ltd., has been awarded a $5.6 million contract to rehabilitate approximately 16,000 feet of sewer pipelines for the Indian water utility Uttar Pradesh Jal Nigam.



MoneyGram adds 4,200 locations in India

DALLAS -- MoneyGram International has added 4,200 new locations to its network in India through Bank of Baroda, Axis Bank and Vijaya Bank. Including these new agent locations, MoneyGram has over 30,000 locations throughout India, the largest remittance country in the world



Northern Power joins Harvest the Wind Network

BARRE, Vt. -- Northern Power Systems Inc., a manufacturer of wind turbines, has joined forces with Harvest the Wind Network in an effort to increase sales of its products in North America. Harvest the Wind Network is made up of independent dealer groups throughout the United States and Canada who provide wind energy solutions for residential and community wind projects.



Police arrest two in attack on Sikh American cab driver

SACREMENTO, Calif. -- West Sacramento polices arrested two individuals allegedly responsible for attacking a Sikh American cab driver in Sacramento, who was allegedly called Osama bin Laden as he was attacked on Nov. 28.



Sen. Warner new co-chair of Senate India Caucus

WASHINGTON — Virginia Demo­crat Sen. Mark R. Warner will replace Connecticut Sen. Chris Dodd as co-chair of the Senate India Caucus. Dodd is retiring from political office at the end of the year.



Shaw in deal with GAIL to build ethylene plant in Uttar Pradesh

BATON ROUGE, La. -- The Shaw Group Inc. has been selected by GAIL Ltd. to provide its proprietary technology and basic engineering for a new annum ethylene plant in Uttar Pradesh, India. Shaw also will provide support during engineering, procurement and construction, and commissioning and startup of the plant, which will be part of GAIL’s petrochemical complex in Pata, Uttar Pradesh



Tranzyme nabs Eli Lilly executive as board chairman

RESEARCH TRIANGLE PARK, N.C. -- Tranzyme Pharma has appointed Eli Lilly and Co. Senior Vice President John H. Johnson as chairman of its board.



Executive Profile
Sub Featured
Ritu Mangla: On the Move
CEO keeps Beta Soft on rise with India, U.S. expansion

FREMONT, Calif. — As the leader of Beta Soft Systems Inc., Ritu Mangla knows she has to keep her company from being stagnant in order to survive. She has done just that with a venture into India, as well as expansion across the United States and a planned new office on the East Coast.



Franchise & Hospitality
Hyatt continues India push with new Pune hotel

CHICAGO — Hyatt Hotels & Resorts has opened its newest hotel in India, the Hyatt Regency Pune.

According to Hyatt, the hotel is the city's first upper, upscale deluxe hotel and residences complex and it aims to cater to leisure and business travelers who visit the information technology, automotive and manufacturing hubs in Pune.



Jack in the Box giant to lead Marco's expansion

FREMONT, Calif. — Franchise chain Marco's Pizza sees mouthwatering potential in the Northern California market and in looking to expand to the region turned to a franchise heavyweight to lead the way — Anil Yadav.



South Asian Connection
Dabur India buys Chicago's Namaste
Consumer goods company to boost beauty products

CHICAGO — Dabur India Ltd. has agreed to acquire Namaste Laboratories LLC.

Namaste Laboratories, a maker of Organic Root Stimulator founded in 1996 by Gary E. Gardner, is a Chicago-based personal care products company that uses natural ingredients to address hair concerns such as hair loss, damaged hair, thinning and dry, itchy scalp.



Study: Women can fix India's talent deficit

NEW YORK — With a reported gross domestic product growth rate of approximately 7 percent and a projected talent gap of more than 5 million by 2012, India’s economic health depends on the immediate utilization of all of its talent. Yet very few women in India, who are poised to fill this talent gap, have successfully scaled the corporate ladder, according to a recently released study from Catalyst.



Technology
Chasing 'data on edge' with high-flying Copiun

Founders look to capitalize on increasing mobile needs

MARLBOROUGH, Mass. — In an increasingly on-the-go business world, Copiun Inc. has just the answer for companies hoping to keep track of the data flowing from desktops to laptops to mobile devices.


Top Stories
Featured
Card Crazy



Wildcard's app puts convenience of retail gift cards on mobile phones

SAN Diego, Calif. — Consumers love gift cards. They love getting them and they love giving them. Raj Basavaraju and his Wildcard Networks Inc. are making it even easier to love gift cards — by putting them on mobile phones.

"Gift cards are very dominant in today's society just because of the sheer convenience," said Basavaraju, founder and chief executive officer of Wildcard Networks. "The thinking process was to bring these gift cards to mobile devices."

The San Diego-based startup is making waves with its Wildcard application. Currently on the iPhone and available through its iPhone app store, Wildcard allows users to purchase gift cards electronically, download them onto a smart phone device and send the card electronically via e-mail to someone else. Those wishing to purchase gift cards can browse through all options in one place and when they purchase them they download a barcode and serial number that are ready for purchasing use immediately. The Wildcard system also organizes and tracks a consumer's cards, including balances.



Sub Featured
Cellceutix CEO quits in salary dispute

Evans claims company backed out on agreed compensation

George Evans, chief executive officer of Cellceutix Corp., has resigned in an e-mail saying that the company’s lowering of his salary without his consent violated the terms of his employment.



EMC buys Isilon Systems for $2.25B

Seattle company made name in scale-out storage products

EMC Corp. has agreed to acquire Indian-American founded Isilon Systems Inc. in a cash deal worth approximately $2.25 billion.



India revels in President Obama' visit

In wake of visit, many hope for increased U.S.-India ties

U.S. President Barack Obama’s recent visit to India was celebrated by all and has many excited that the visit will prompt and even stronger economic and political bond between the United States and India.



San Fran's Nexant gets $50M VC

Nexant Inc. has shrugged off any suggestion of a continuing venture capital slump with a recent $50 million round of funding.

San Francisco-based Nexant is a provider of intelligent grid software and clean energy services. Arjun Gupta is executive chairman of the company.











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