Asia
Autodesk comes out with mental ray standalone renderer
Autodesk has launched the new version of its 3D character animation software, MotionBuilder 2010.
The software has an enhanced shading language system, which helps user to extend the Autodesk 3D shared library. It also works independently as other Autodesk 3D programs using a command-line interface.
Windows, Mac OS X and Linux platforms also support the new standalone application. The Mac version of mental ray 7.5 is limited to Autodesk Maya 2010.
Samsung rolls out two new versions of Omnia
Samsung Electronics, the world's second largest handset maker, has launched OmniaHD, the sequel to its popular Omnia Smartphone, in India.
The company official disclosed that Samsung has no plans to sell the phone in the United States considering the consumer usage pattern and technology difference.
The new Samsung OmniaHD will cost around Rs 33, 990 in the Indian market.
Affordable housing to reach up to Rs 3 lakh crore by 2011
A study released by Knight Frank on 'Affordable Housing in India'stated that the market size for affordable housing in the country would reach up to Rs 3,00,000 crore by
2011.
It is expected that the housing requirement in the country would cross over 2 million units by 2011.
The research report added that the maximum contributors to this market size would be those who earn 3-6 lakh income annually.
Delays in infrastructure project may cost $200 bn
According to the management consultancy McKinsey & Co, delays and inefficiencies in the performance of infrastructure project during the Eleventh and Twelfth Five-year plans may lead to loss of $200 billion to gross domestic product by 2017.
This entails a loss of 1.1 % in the country's GDP growth.
The firm said that the main reason of GDP loss was spread across tendering, executing and achieving financial closure of projects.
ISRO got US clearance to launch Algerian satellites
Indian Space Research Organization (ISRO) has been allowed by the US government to launch Algerian satellites with American components.
The clearance has been followed by a Technical Safeguards Agreement (TSA) between two countries, which cover launching of satellites having US components on Indian launch vehicles.
The TSA was signed on July 20 during US Secretary of State Hillary Clinton's visit to New Delhi.
AMD rolls out new version of Phenom II processor
Global chip maker Advanced Micro Device (AMD) has hit the market back with the latest version of its Phenom II processor, 3.4-GHz Phenom II X4 965 CPU, which is claimed to be the fastest CPU that the company has brought to the market.
But the best news for the customers is that it will be available at the same price as its previous version 3.2-GHz Phenom II X4 955 Black Edition processor
Pratibha Industries bags contract worth Rs 523.4 crore; stock zooms
Pratibha Industries, an Infrastructure development firm, has announced that it has bagged a contract worth Rs 523.40 crore for the construction of a medical college at Patna from National Building Construction Corporation Ltd.
In a filing to the Bombay Stock Exchange (BSE), Pratibha Industries has informed that it was a 2 years contract for the construction of ESIC Medical College, which includes hospital building, medical college, hostels and a residential complex.
On Thursday, the shares of the company gained 7.61% at Rs 175 on the BSE.
India and ASEAN sign Free Trade Agreement
After long negotiations for about six years, India and the 10-nation Association of South East Asian Nations (ASEAN) have finally agreed to each others terms and conditions, and signed the much awaited Free Trade Agreement (FTA) on Thursday.
Anand Sharma, Indian Commerce and Industry Minister, and ASEAN Economic Ministers have signed the pact.
The pact covers the trade in goods under the Comprehensive Economic Cooperation Agreement (CECA), which would remove tariffs on 4000 items by 2016, covering 80 per cent of total trade in goods between the two sides.
29% stake in Lenovo’s Parent company for sale
The Chinese Academy of Sciences Holding Company, the controlling shareholder of Lenovo's parent company wants to sell its 29 percent stake in Legend Holdings.
The academy, which is controlled by state, is seeking 2.76 billion Chinese Yuan, equivalent to approximately 404 million dollars for its 29 percent stake.
At present, The Chinese Academy possesses 65 percent of Legend.
The bidder should possess no less than 4 billion Yuan of registered capital and should not be supported by foreign investors.
HCL signs 5 yr deal with Dr Pepper Snapple Group
Leading global IT services provider, HCL Technologies Ltd. (HCL), on Tuesday announced that it has won a contract from US-based beverages producer Dr Pepper Snapple Group (DPS) to provide IT application support and infrastructure management services.
As per the agreement, HCL will deliver application support to DPS and manage and monitor its infrastructure for a period of five years.
Apart from this, the Indian IT firm will also deliver managed print services to DPS under the contract.
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