TCS adds 200 clients on its SME platform iON

Tata Group Chairman Ratan Tata had launched the product solutions line christened iON early last year which uses cloud computing technology to deliver on-demand services to small and medium businesses.

The country's largest software exporter Tata Consultancy Services (TCS) has added 200 customers in its cloud-based small business line so far, a top official has said.
 

"We have added 200 clients till now and the response is better than what we had initially projected," the city-headquartered company's chief financial officer (CFO) S Mahalingam told reporters.  
 
Tata Group chairman Ratan Tata had launched the product solutions line christened iON early last year which uses cloud computing technology to deliver on-demand services to small and medium businesses, which are otherwise not serviced by a large company like TCS.
 
After launching, TCS had said that it targets to add 1,000 clients by the end of 2011 and has been stressing that though the product line will not contribute significantly to the company's topline to start with, its contributions will increase with time. It had said it expects revenues from the product to cross the USD 1 billion mark in five years.
 
In the late afternoon, TCS was trading at around Rs1,174.40 per share on the Bombay Stock Exchange, 1.86% down from the previous close.

User

Opto Circuits gets USFDA nod for cardiac monitor

MySense Heart is yet again a path breaking solution that is designed to manage dynamic challenges of monitoring heart patients.

Medical equipment maker Opto Circuits (India) said it has received approval from the US health regulator to market a cardiac monitoring device in the American market.
 
The company's subsidiary, Cardiac Science Corporation, has received approval from US Food and Drug Administration to sell 'MySense Heart', a wearable cardiac monitor, in the American market, Opto Circuits said in a statement.
FDA clearance for the product was supported by a robust multi-centre clinical trial in the United States and New Zealand conducted in late 2011.
 
“MySense Heart is yet again a path breaking solution that is designed to manage dynamic challenges of monitoring heart patients. It augments our cardiac monitoring suite of products, expanding market addressability and revenues,” said Vinod Ramnani, chairman and managing director, Opto Circuits.
 
“We believe MySense Heart provides a clinically relevant economical solution to the healthcare market which hitherto did not exist. It also opens up opportunities for licensing, private labelling and direct-to-consumer retailing,” he added.
“MySense Heart is the first in a series of wearable, low-cost monitors being developed at Cardiac Science. “We expect to commercially release the product in early 2012 and intend to leverage this revolutionary platform to bring several new products to market,” said Dave Marver, CSC President and CEO.
 
In the late afternoon, Opto Circuits (India) Ltd was trading at around Rs204.85 per share on the Bombay Stock Exchange, 1.01% up from the previous close.

User

Pipe maker PSL bags Rs924 crore orders

The contracts have been secured from engineering and construction companies like Nagarjuna Construction and Megha Engineering and Infrastructure.

Large diameter pipe maker PSL said it has bagged orders worth Rs 924 crore in the last quarter.
 
"PSL ... Has announced receipt of several orders aggregating a total of approximately Rs924 crore within the past quarter," the company said in a statement.
 
The contracts have been secured from engineering and construction companies like Nagarjuna Construction and Megha Engineering and Infrastructure.
The contracts cover projects within the Oil & Gas, Water, and Power spaces of the economy, and were secured through international competitive tendering processes, the statement said adding the production against some of these orders is expected to commence almost immediately.
 
"All of these orders were booked in the third quarter of the current financial year, which has been better than the previous two quarters. The fourth quarter is likely to continue along the same lines," PSL MD Ashok Punj said.
 
The company had previously received a gas pipe supply order totalling Rs753 crore from GAIL for its Kochi-Koottanad-Mangalore-Bangalore Pipeline.
In the late afternoon, PSL was trading at around Rs53.40 per share on the Bombay Stock Exchange, 4.81% up from the previous close.

User

We are listening!

Solve the equation and enter in the Captcha field.
  Loading...
Close

To continue


Please
Sign Up or Sign In
with

Email
Close

To continue


Please
Sign Up or Sign In
with

Email

BUY NOW

The Scam
24 Year Of The Scam: The Perennial Bestseller, reads like a Thriller!
Moneylife Magazine
Fiercely independent and pro-consumer information on personal finance
Stockletters in 3 Flavours
Outstanding research that beats mutual funds year after year
MAS: Complete Online Financial Advisory
(Includes Moneylife Magazine and Lion Stockletter)