Business News: June 2011

TCS launches iON in West Bengal

iON, an integrated information technology solution for small and medium businesses (SMBs), by Tata Consultancy Services (TCS) is planning to have 1,000 clients in India by the end of this year and expects about 20-30 per cent of them to come from Eastern part of the country.

“When we started in February, we had just above 100 clients and now it has crossed 235. By the end of this year, our client base would be above 1,000 in India and about 20-30 per cent of them would be in Eastern India,” said V Ramaswamy, Global Head of iON. Though TCS had started this business in 2008 under TCS SMB Solutions, it was branded as iON in February.

Samsung signs MoU with DTU

In a breakthrough step towards strengthening the academia-industry interface, Delhi Technological University (DTU), has entered into a Memorandum of Understanding (MoU) with Samsung India Electronics Ltd (SIEL).

The MoU was exchanged between Prof. P.B. Sharma, Vice Chancellor, DTU and Dr. Jason D. Kwak, Managing Director, Samsung Software Engineering Lab-India in the presence of Chief Guest for the occasion, Mr. P.K. Tripathi, IAS, Chief Secretary, Govt. of NCT of Delhi today at the Delhi Secretariat.

The MoU broadly covers four areas of Collaboration-Cooperation in Knowledge Sharing through in-house tutorials, workshops conducted by DTU for employees of SIEL, sponsored doctoral and post graduate programmes at DTU for employees of SIEL, Internship opportunities for the students of DTU in SIEL and Joint Research projects.

BSETIL, IIM Indore launch PG Certificate Program in Capital Markets

BSE Training Institute Ltd. signed MOU with Indian Institute of Management Indore (IIM Indore) on 18th April 2011 for launching PG Certificate Program in Capital Markets and other certificate programs in Mumbai.

Ambarish Datta, MD, BSETIL said, “This program has been designed for decision makers in the industry who are charged with setting and implementing capital market strategies. In this program, participants will have the opportunity to explore the inner workings of the fast evolving world of capital markets. In addition to honing their analytical and decision-making skills, the program will provide them with a channel to acquire a formal specialisation in capital markets. The combined strengths will help the participants expand their capabilities, challenge their thinking, and ultimately drive company success.”

The classes will be held at BTI's premises in BSE and the program shall commence in June 2011.

Plan Panel sets up 4 working group on higher education

With the objective of raising the gross enrolment ratio (GER) in higher education to 20 per cent by 2017 and 25 per cent by 2022, the Planning Commission has constituted four working groups and steering committees that will focus on skill development and technical education for the 12th plan period from 2012-17.

The two steering committees are on higher and technical education, and science and technology human resource development while two working groups have been formed for public private partnership (PPP) in higher education and skill development.

Officials say that the committees and working groups will meet on May 23 to finalise the objectives like faculty development and teachers' training and research and innovation in higher education with cross-linkages between institutions and industry.

Sequoia Capital Invests Rs 25 Crore in K12 Techno Services

Sequoia Capital today announced an investment of ` 25 crore in K12 Techno Services Pvt. Ltd. in their second round of funding. K12 manages over 70 affordable English-medium schools run by 15 different trusts under the Gowtham Model School brand.

K12 will utilise the funds for growth as well as modernisation of classrooms to allow teachers and students to leverage superior technology infrastructure for improving learning outcomes. K12 has also partnered with best-in-class and global specialists, CfBT UK and Brilliant Tutorials for spoken English and IIT training. The investment will also be used for expansion of the network by an additional 25 new schools across Andhra Pradesh.

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