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India to launch Oceansat-2 on Sep 23: ISRO
Indian Space Research Organisation (ISRO) would launch Oceansat-2 satellite, which would help identify potential fishing zones and in coastal zone studies, on September 23 in a mission that would have European flavour.

MEL to invest Rs 200 cr in capacity expansion
Maharashtra Electrosmelt (MEL), a SAIL subsidiary, will invest Rs 200 crore to set up a furnace with capacity of 42,000 tonnes per annum at its Chandrapur plant.

News of the day

World Bank offers additional funds for SSA
With government’s flagship Sarva Siksha Abhiyan (SSA) scheme showing encouraging results in expansion of elementary education, the World Bank has come forward with an offer to provide additional funding of $ 500 million (Rs 2,325 cr approx) for the programme.
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NIIT Tech patners Hitachi for cloud computing

NIIT technologies has announced partnership with Hitachi Information Systems to offer cloud computing services. Cloud computing is an emerging mega trrend which is standardized IT capability delivered via the internet in a pay per use and self service manner. With cloud computing gaining impetus, both companies will be able to offer the complete portfolio of services around the cloud infrastructure to cater to the changing IT landscape. - NIIT Tech net down 12.4% - NIIT Tech scales 52-week high, ends off day"s high - NIIT Tech"s Q4 net down 15 per cent To begin with, Hitachi Information Systems would leverage NIIT Technologies" data centre in Bangkok and create the first hub outside Japan, networked to their existing infrastructure. Drawing on the benefits of scale, shared infrastructure and standard applications, this partnership will drive down costs while increasing the speed and agility of deploying applications. The operations are expected to begin by first quarter of next fiscal.


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