Gurgaon, India-based Ardom Telecom, a telecom infrastructure operation and maintenance company, has acquired U.S.’s Quanta Towergen Private Limited in an all cash deal. Quanta Towergen is owned by Houston Texas-based Quanta Services which struck this deal via their Netherlands-based special purpose vehicle.
In the last few years, Quanta has invested $14.5 million to create solar energy generation facilities on various telecom tower sites and its remote monitoring mechanism, reports the Economic Times. This acquisition will help Ardom to provide solar power on telecom tower sites spread over the states of Uttar Pradesh , Bihar, Jharkhand, Madhya Pradesh, Assam and North-East India.
April 6, 2017 No Comments
New York City‘s Franklin Templeton Investments bought about $1.2 billion of Indian government bonds in two days end March. The purchases, made through broker JPMorgan Chase & Co, were largely for tenures maturing in 2021-2023.
Since March 11, when Prime Minister Narendra Modi’s party won an election in the state of Uttar Pradesh in the north, foreign funds have been pouring into India, driving stocks to a record high and pushing up bond prices, reports Mint.
“The outcome of state elections, a dovish hike by the Federal Reserve and relatively attractive valuations have been the key drivers of inflows,” said Nagaraj Kulkarni, a senior rates strategist at Standard Chartered Plc in Singapore.
March 30, 2017 No Comments
Working in collaboration with the Photonics Research Center at the University of Quebec in Outaouais, scientists from the Indian Institute of Technology Kanpur, in the northern state of Uttar Pradesh, have built a sensor that can detect the presence of Escherichia coli in food and water in under 20 minutes, much faster than traditional laboratory tests.
Bacteriophages used in the device bond to the surface of an optical fiber, grab E.coli bacteria from a sample, and keep them attached. When a beam of light strikes the surface, the presence of E.coli shifts the wavelength in a telltale sign of bacterial contamination. An additional optical component cancels out temperature-induced shifts, reports the Economic Times. By changing the bacteriophage in the sensor, other strains of bacteria can also be detected, the scientists report.
The team members that worked on this project are Krishnendu Dandapat, Saurabh Mani Tripathi, Yasser Chinifooroshan, Wojtek J. Bock, and Predrag Mikulic.
October 22, 2016 No Comments
Setting up a dental practice for graduating dentists in India can be daunting because of the cost of equipment – particularly the chair which can cost from $1500 to $7500.
However, three students of the Indian Institute of Technology, in Kanpur in the northern state of Uttar Pradesh have come up with a solution. Amit Kundal, Mohit Tewari and Shiva Kumar M., who were part of the Design Department at the institute were picked on the basis of an interview conducted at Stanford University. Mentored by Larry Liefer, a professor of mechanical engineering at Stanford, and working with four students from Pontificia Universidad Javeriana University of Bogota, Columbia who were their external academic partners, the team designed ‘Flux‘, a dentist’s chair that is currently undergoing clinical trials. If it makes it to the market it could be available to dentists for $300!
- The features of Flux include:
- Light weight
- Occupies less space
- An adjustable neck rest
- Speakers for playing music
- Movable instrument trolley that stays with the dentist
“We wanted to make sure that the primary functions of the chair were not hampered. We were focusing on an incremental innovation rather than a radical innovation so that it can be easily adopted by the users,” Amit Kundal, the leader of the team, told ScoopWhoop.
The students managed to bring down the cost considerably thanks to the use of less material, local manufacturing, and reducing the size of the big light that is used by the dentist. They’re hoping that the lower cost and size of the chair will mean that dental care will be more widely available to rural areas in the country.
February 13, 2016 No Comments
Jerusalem, Israel-based IDenta Corporation, the international drug and explosives-detection company, has supplied detectors to India, reports Bloomberg Business.
CEO Yaacov Shoham said, “Every year before the end of the financial year (March 31 in India) IDenta Corp. participates through the local representative company Technomaxx in different tenders related to IDenta’s different products. This year IDenta is participating in 6 large tenders.
“The total number of kits for four already known tenders from the states of Hyderabad, Punjab, Uttar Pradesh and Maharashtra are:
• Drugs detectors: 18,000
• Explosive detectors: 9,000
• BTK (Bullet-hole Testing Kits): 151
“Many of India’s agencies have been using IDenta’s different detectors since 2008, but this year the orders are significantly larger. India’s market is a main target for IDenta in 2016. IDenta is looking to enlarge the India penetration, including the unique IDenta Sniffer.”
January 17, 2016 No Comments