The company's automated external defibrillator 'Powerheart G5' is designed to provide effective life saving aid to a person who has suffered sudden cardiac arrest
New Delhi: Medical equipment maker Opto Circuits on Monday said it has launched its automated external defibrillators under the brand 'Powerheart G5' in Europe, reports PTI.
The company's subsidiary Cardiac Science Corp has launched the product which is designed to provide effective life saving aid to a person who has suffered sudden cardiac arrest (SCA), Opto Circuits said in a filing to BSE.
Commenting on the development Opto Circuits chairman and managing director Vinod Ramnani said: "The Powerheart G5's combination of life saving features and intuitive controls will appeal to current and new customers in work places, public spaces and emergency services".
Automated external defibrillators (AEDs) are portable medical devices that diagnose life-threatening abnormal heart rhythms, or cardiac arrhythmia, and deliver electrical energy to the heart to restore its normal rhythm.
The company said that automated external defibrillators market is valued at $550 million as of 2011.
Each year as many as 7 lakh lives are lost to SCA in Europe, it added.
Shares of Opto Circuits were today trading at Rs154.05 per scrip in the afternoon trade on BSE, down 0.23% from its previous close.
India is the only country in the world to impose a service tax on their airlines and therefore airfares are 200%-300% higher than China and some other countries says the Jet Airways chief
Beijing: Air fares in India were about 200% to 300% higher than those in China and some other countries because of high tax rates, Jet Airways chief Naresh Goyal said on Monday, asserting that the aviation industry could not grow with such taxation, reports PTI.
"The Indian (aviation) industry can't grow with the taxes. In fact, India is the only country in the world to impose a service tax on their airlines. Do you know that the fares of Chinese airlines are a third of the Indian carriers? Why is it so? Because there are no taxes in China. In fact, the Indian fares are higher by 200%-300% if compared with the world's other carriers, leave alone Chinese," Goyal told PTI in Beijing.
Comparing Chinese airlines with their Indian counterparts, he said Chinese airlines were are all state-owned and "have solid government backing, not from now but for a very long time. The Chinese government doesn't tax their own carriers and there is a lot of state support to them".
Elaborating on Jet's expansion plans, Goyal said "we want to go to a few places in Europe and we are looking at those destinations which will make money like Paris, Munich and Frankfurt to name a few".
Regarding joining a global airline alliance, he said "we are in talks both with Star Alliance and Sky Team. Let us see what materialises. That is all I can tell you at this point of time".
Jet Airways was in an advanced stage of joining the Star Alliance earlier, along with Air India whose induction into the global airlines grouping was put off due to its precarious financial health.
Asked about recent reports that his airline was intending to buy 100 Airbus aircraft, Goyal ruled it out saying "we are only planning to induct four more A330-300 aircraft by early part of the next financial year".
To a question on government recently allowing Indian airlines to directly import jet fuel, he said "ATF import is of no use and we are not considering it. When you don't have the infrastructure to do so, it cannot be an option".
Kingfisher, SpiceJet and Air India have taken steps to go for direct import of aviation turbine fuel.
Though he has not favoured government allowing foreign airlines to pick up stake in domestic carriers, Goyal said he would welcome any such policy initiative by the government.
On the tremendous growth witnessed in the Chinese aviation market and lessons for India, the Jet Airways chief said "no, you can't compare the Indian market with the Chinese one. The two markets are different in the sense of the kind of travel that takes place in China, the purchasing power of the people and the kind of carriers that exist here. All are different from the ones in our own country".
Metkore is also negotiating with a well-established local firm for a joint venture agreement for its new ferro chrome project in Oman
Dubai: India's Metkore Alloys and Industries is set to build a world class 165,000 tonnes per annum capacity ferro chrome smelter project in Oman with an envisaged investment of $80 million, reports PTI.
This is the third ferro chrome project coming up Sohar free zone, local media reports said. The project work of Metkore is expected to start in October, with the completion of the work within 18 months.
According to reports, a land lease agreement was signed by Sheikh Sa'ad bin Mohammed Al Mardhouf Al Sa'adi, Chairman of Port of Sohar, and Prashant Boorugu, Managing Director of Metkore Alloys & Industries.
Metkore is negotiating with a well-established local firm for a joint venture agreement for the ferro chrome project, but no agreement has been signed so far.
The ferro chrome plant will become operational in 2014 and is expected to generate direct employment for about 500 people.
The company has already appointed consultants to carry out technical and environmental studies for the project.
Omanisation is the prime objective of the company and all efforts will be taken to train the local Omani nationals and appoint them to operate the plant profitably, it has said.
Further, the low grade chrome ore available in Oman will be beneficiated and put to gainful use thereby adding value to the mineral resources available in Oman.