IBM to impart software skills to Madhya Pradesh students


Banglore : The Indian subsidiary of International Business Machines (IBM) is collaborating with three engineering colleges in Madhya Pradesh to develop software skills of their students, the company said Friday.

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IBM will train students of Government College at Jabalpur, Shri Vaishnava Institute of Technology and Science at Indore and Mahakal Institute of Technology at Ujjain.

“Students will get first-hand experience of the software products deployed on the campus,” IBM India vice-president for marketing and ecosystem Anil Menon said.


Vijaya Bank targets 19 percent deposit growth

Kolkata: Vijaya Bank has set a target of 18-19 percent deposit growth and 20-22 percent in credit this fiscal, a top bank official said here Friday.

“The busy season and the festive season are yet to start. There has been a pick-up in agriculture loan sector also and that will add to the growth of credit,” said bank chairman and managing director Albert Tauro at conference on the banking sector organised by Confederation of Indian Industry.


Bank of Maharashtra to raise Rs.300 crore

Kolkata: Bank of Maharashtra plans to raise Rs.300 crore this month, a senior company official said here Friday.

“We plan to raise Rs.300 crore in September via a mix of tier-I and tier-II bonds,” said executive director M.G. Sanghvi on the sidelines of a banking coference.

The bank has also sought recapitilisation of Rs.1,500 crore from the central government over a period of three years, which would be given in three phases.


US fund invests $4 mn in Apollo Hospital firm

Bangalore: Silicon Valley venture fund Greylock Partners will invest $4 million in Health-Hiway, a healthcare solution firm of Apollo Hospital group, for providing cost-effective IT solutions to partners and end-customers, the company said Friday.

“The venture capital will help us provide service infrastructure for healthcare providers to collate patient data,” Health-Hiway chief executive Ashvani Srivastana said in a statement here.


Tube Investments to partner in cyclathon

Chennai: The city based Tube Investments (TI), which turns 60 years next week, will be partnering India’s biggest mass mobilising cycling event – the BSA Hercules Cyclathon.

The event to be held in Bangalore Oct 11 is expected to attract around 7,000 cyclists across the age groups. The company has also planned a series of cycling events starting next week to celebrate its 60th anniversary.


Cypress unveils touchscreen controllers

Bangalore: Chip-maker Cypress Semiconductor has introduced full-integrated touchscreen controllers for electronic applications such as mobile handsets, netbooks, printers and digital still cameras, the company said Friday.

Based on system-on-chip architecture, the controllers offer superior performance and new features, Cypress said in a statement.


Dell solutions for RCom net users

Bangalore: Dell India Friday announced a wireless brandband solution with its select range of notebooks to Reliance Communications (RCom) Internet customers, the world’s leading computer maker said here.

The package “NetConnect Broadband Plus” comes with a USB card and unlimited access for six months on purchasing Dell notebook or netbook, said Reliance Communications director Mahesh Balla in a statement.


Ford India hires 400 people

Chennai: Auto manufacturer Ford India, which is doubling its plant capacity, has hired 400 people taking its total workforce to around 2,000.

According to company officials, six percent of the plant workforce women, down from 13 percent earlier.