Author Archive

November 28th, 2014
@tjacobs

Samraksha Food Outlet in Technopark Turns Out a Tremendous Success

The recently opened Samraksha food outlet in the Technopark campus at Trivandrum is turning out to be a tremendous success among the techies working in the park.

The food outlet, which serves chappatis and side dishes made in jail, is attracting crowds every day because of the affordable price and quality of food. Techies, who earlier had no option but to pay exorbitant rates for food within the park campus, can now get three meals a day with as little as Rs. 100.

Samraksha has also added a new dish in its menu—chilli chicken for just Rs. 40.

Based on the sales at Samraksha, it seems that about 40% of the techies dependent on restaurant food during working hours have switched to Samraksha’s hygienic and healthy food packets. The stall sells nearly 3,000 food packets on a daily basis.

The instant popularity of Samraksha has also caused other eateries to slash their prices too. This is yet another blessing for techies.

Source: Technopark Today

November 13th, 2014
@tjacobs

UST Global to Conduct Mega Walk-In Drive on November 15

UST Global will conduct a mega walk-in drive for experienced Java professionals (4 to 6 years) from 09:30 a.m. to 06:00 p.m. on Saturday, November 15, 2014. The walk-ins will be conducted in Trivandrum and Kochi.

Java architects with 9 to 15 years of enterprise Java experience can also walk in.

Key skills requested include J2ee with Struts/Spring/Hibernate/Web Services along with SQL skills on Informix/DB2/Oracle database

The venue for the walk-in in Trivandrum is Bhavani in Technopark and for Kochi it is Carnival Building (previously known as Leela).

Candidates are requested to report at the venue with an updated resume and two passport size photos.

Source: Technopark Today

 

November 1st, 2014
@tjacobs

Downtown Project Expected to Take Off by November End

Taurus Investment Holdings (TIH)-promoted India Ventures LCC, the contract awardee for the Technopark Downtown project, is expected to sign a tripartite agreement with Technopark Trivandrum in November.

The agreement is in the wake of Technopark Trivandrum receiving the government order sanctioning 19.73 acres of land for 90 years to THR India Ventures LCC.

The framework agreement will be signed between Technopark, THR India Venture, and Taurus Investment holdings. The agreement will highlight the clause that the subsidiaries will remain fully owned till the project is complete.

Taurus MD (Indian projects) Ajay Prasad said that Taurus Investment Holdings had already received a Letter of Intent (LOI) from Technopark: “We were waiting for the LOI and now that it has been received we can start working on the modalities of the framework agreement. Then we would have to get our SPVs in place in accordance with RBI guidelines which could take between 90-180 days after which we could get the lease agreement officiated.”

He also said that his company has already started networking with possible clients—including Fortune 100 companies—for the IT/ITES space and also to raise Rs. 72.57 crore to set the project going.

While there are many projects in the pipeline, including a hotel by Hilton group, Prasad said that the company wants to set up its incubation centre at the earliest. In order to do this, it has already begun discussions with two German universities and one North American university.

Source: Times of India

October 1st, 2014
@tjacobs

Metro Line to Infopark Might Begin Sooner than Expected

The Kochi Metro Rail Limited (KMRL) might not wait for the completion of the first phase of metro rail to put the extension to Infopark Kochi in to action.

Agence Francaise de Developpement (AFD), the French funding agency that had offered Rs. 1,500 crore loan to the project, is willing to fund the extension. Hence, the work of the Infopark line can be commenced sooner than anticipated.

KMRL will submit the extension plan later this week for approval from the state government. Once this is granted, the proposal will be submitted before the central government. After statutory approval, tenders will be floated.

 Early completion of the extension line to Infopark is expected to improve the financial viability of Phase I.

Source: The New Indian Express

September 27th, 2014
@tjacobs

Yahoo Announces Acquisition of Bookpad—a One-Year-Old Bangalore-Based Startup

Yahoo has announced its acquisition of ‘Bookpad’—a one-year-old Bangalore-based startup—for a whopping $15 million!

DocsPad, the company’s enterprise software product, had gained widespread attention because of its ability to allow users to view, edit, and annotate documents in any format (PDF, MS Word, MS PowerPoint, etc.) within a website or app. The product works across devices and does not require downloading of plug-ins or desktop software.

Bookpad was founded by IIT-Guwahati  graduates Aditya Bandi, Niketh Sabbineni, and Ashwik Battu.

Source: Technopark Today