Furthering its goals to enhance the development of information technology (IT) talent in India, Cisco announced a series of country-specific initiatives aimed at expanding India’s capacity to train, employ and retain highly qualified networking and systems engineers. By establishing partnerships and opening testing facilities, Cisco aims to expand India’s networking workforce capacity to 360,000 engineers in the next five years, a six fold increase over present employment levels. Read more
HDFC, the premier housing finance company, today announced a reduction in its retail prime lending rates (RPLR) by 25 basis points, with effect from February 1, 2008. Sounds great. But what about the spiraling costs of real estate? No answers to that one as yet?
HDFC made an announcement on this last week. Mrs. Renu Sud Karnad, Joint Managing Director, HDFC Ltd. said, “We have been able to bring down our costs due to improved operational efficiency and good quality portfolio, and as always, have ensured that it translates into a benefit for the customers. While we were able to offer our new customers a special rate of interest since June 07 because of good liquidity conditions, our existing customers were not able to enjoy the benefit.” Read more
Intel Corporation and Micron Technology Inc. (NYSE:MU) today unveiled a high speed NAND flash memory technology that can greatly enhance the access and transfer of data in devices that use silicon for storage. The new technology — developed jointly by Intel and Micron and manufactured by the companies’ NAND flash joint venture, IM Flash Technologies (IMFT) — is five times faster than conventional NAND, allowing data to be transferred in a fraction of the time for computing, video, photography and other consumer applications. Read more
General Imaging, the worldwide exclusive licensee for GE digital cameras, announced the next generation of GE digital cameras for 2008. Nine all-new models will offer an exciting assortment of additional features, including smile detection, blink detection, upgraded lenses, and LCD screens that adjust to changes in ambient light. One new model, the E1050, makes photography even more fun, adding HDTV, touch-screen and GPS capability. Read more
