IBM today introduced a new software technology from its research labs - Secure Hypervisor Architecture or “sHype,” designed to greatly enhance security and management capabilities in virtualized data centers. The technology will run in conjunction with commercial and open source hypervisors (virtualization managers) that control servers and data in a shared environment. sHype will provide a security wrapper around the distributed systems and extend mainframe-like security to data across multiple IBM and non-IBM systems. The new advancement is the industry’s first effort to embed trusted computing technologies directly into the virtualization and management software tools already used inside data centers. Read more
TORONTO, ONTARIO — Nortel(1) (TSX: NT)(NYSE: NT) today announced that Peter Currie will step down as Executive Vice-President and Chief Financial Officer of Nortel and Nortel Networks Limited, effective April 30, 2007. Following that date, Mr. Currie will continue to provide advice and assistance to the Company to ensure a smooth transition. The Company has initiated a search to fill the position. Read more
The Honorable Minister of State PMO, Shri Prithviraj Chavan released The ISA-Ernst & Young Benchmarking Study: “India in the global Semiconductor Design Ecosystem” at the Vision Summit 2007 at Hyderabad. The Benchmarking study highlights the challenges of the Indian Semiconductor Design industry and suggests the key imperatives to facilitate a sustainable growth of the industry and make India the preferred destination for semiconductor design activity. Read more
Kingfisher Airlines, India’s fastest-growing airline, has engaged Sabre Airline Solutions, the global leader of software and services for the airline industry from planning to execution, to provide a full suite of more than 20 enterprise applications to enhance its guest processing functions, as the airline continues its rapid expansion of its operations. Read more
XL Dynamics, India, today announced the release of ReverseSoft - an integrated web solution designed for managing Reverse Mortgage Loans. A Reverse Mortgage is a type of loan available to borrowers over the age of 62, as a way of converting their home equity into one or more cash payments while continuing to reside. Repayment of the loan is deferred until the borrower is no longer living in the home. The ReverseSoft is a complete loan origination and servicing platform for the Mortgage Banks in the United States. Read more
NASSCOM, the premier trade body and voice of the software and services industry in India and The Boston Consulting Group (BCG) today announced that they are conducting a joint study titled ‘Developing an Innovation Ecosystem in the Indian IT Industry’. The study is aimed at addressing some gaps that exist in the Indian ecosystem for making innovation flourish and realize its true potential. A series of workshops and roundtables involving stakeholders of an Indian innovation ecosystem are being conducted during the course of the study to iterate findings and take inputs from the various stakeholders before publishing the final set of recommendations. The first workshop of this series is being conducted on February 8, 2007 on the sidelines of the NASSCOM 2007 India Leadership Forum. Read more
IBM and the Indian School of Business (ISB) today signed a Memorandum of Understanding (MoU) for joint research to develop a first-of-its-kind ‘Research on Service Science, Management and Engineering” (SSME) in India. As part of this initiative, ISB and IBM will create cutting edge research and develop case studies to streamline service processes and replicate them across industries. Read more
The concept of providing television services on a mobile device is generating much enthusiasm among the wireless industry, in turn driving the growth and development of digital video broadcasting-handheld (DVB-H) technology. Overwhelming support from the wireless industry is likely to be one of the major drivers for the growth of the technology, as will be the increasing demand for content on the move. In short, DVB-H could well become a global standard similar to Global System for Mobile Communication (GSM), creating an altogether new market for television viewership. Read more
Mobile Film Awards. Yes it’s a reality now. Nokia Nseries today announced a first of its kind Nokia Nseries Mobile Film Awards in association with Subhash Ghai’s Whistling Woods International, the renowned film training institute and Mediamatics Entertainment Private Limited. Aimed at unleashing the ‘movie maker in everyone’, the initiative is targeted at young, up-and-coming filmmakers in the country.
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As the five-year initiative to double National Institutes of Health’s (NIH’s) budget was completed only in 2003, there was no hike in the 2006 drug discovery budget over 2005. This lack of growth is likely to last for the next two to three years, affecting academic and government research spending. Read more
