@PharmaBiz: Bengaluru based Advanced Micronic Devices Limited (AMDL) Healthcare Division has endeavoured to bring to India advanced diagnostic cardiac equipments under the brand names Cardiac Science, Quinton, Burdick and Powerheart. India being the second most throbbing cardiovascular market in the world ADML comes with the promise of making cardiac care affordable and accessible even in the Tier 1 and Tier 2 cities.

Sudden Cardiac Arrest emergency cases can be treated with Powerheart Automated External Defibrillators (AEDs), while the Burdick and Quinton brands bring ECG, stress test systems and Holter monitors and supplies to physicians’ offices and hospitals Quinton QStress and Burdick ECG products

@IndiaEducationDiary: Tamil Nadu government is all set to announce new policy for Information Technology (IT) and IT-Enabled Services (ITES). IT & ITES policy is being revised to enhance the state’s image furthermore and project itself as the top state in the country in terms of IT & ITES.

The state promises an investor-friendly industrial policy structure to offer a healthy and productive environment. With the amalgamation of talent, technology & appealing policy, the state has all the essentials to become a global destination of products and service. IT & ITES companies and investors in the same is expected to be equally benefited by the new policy.

@ITNewsOnline: Sify Technologies launched ‘Sify mystorage’, a cloud computing based online storage and backup service. The company has primarily targeted the consumer and Small Business in India.

The service can be availed at a starting price of INR 175 / month for 10 GB of storage, Apart from this plan, users can select from a dynamic range of prepaid plans on offer. Some of the attractive features offered by the company include automatic storage, unlimited access and MS Office plug-in.

@MoneyControl: Preludesys India, one of the leading IT enabled service provider has filed a Draft Red Hearing Prospectus worth INR 813 mn for public issue. The company plans to utilize the issue proceeds to expand its presence in the global market.

Currently, some of its major plans comprise of an investment of around INR 112 mn to establish a Global Delivery Centre, investing a sum of INR 160 mn for setting up 8 branch offices across USA and the Asia Pacific, an investment of approximately INR 91 mn to enhance its foothold in the enterprise mobility solution market and lastly repaying an existing loan of INR 80 mn.

@TheEconomicTimes: Government of India has decided to relax the merger and acquisition (M&A) norms in the telecom sector. Telecom Regulatory Authority of India (TRAI) suggested the government to loosen up the M&A regulations in the telecom industry and permit spectrum-sharing among telecom companies.

Mergers and acquisitions will be automatic applicable on new telecom errant, if its combined market share is less than 35% and spectrum holding is less than 25%. In the case where the market cap above 35% but less than 60%, TRAI will look into the matter to evade monopoly in the market. The government is also considering on levying a one-time fee on telecos for holding spectrum past 6.2 MHz.