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Today domestic markets are likely to open negative as majority of Asian markets have opened with blood bath. The sentiments are weak across Asia as there is lack of specific news to drive the market. The US markets have also closed flat on Friday thus exuding lack of buying sentiments. In the domestic arena one could expect a lackluster trading throughout the day with an essence of mild volatility.

On Friday, the domestic markets closed with losses for the second consecutive day. The positive opening was better than anticipated however as the trading progressed the selling pressures engulfed the stocks at broader level despite positive cues from the Asian markets. The European markets on the other hand exuded negative cues. Traders were skeptic about the current high level of the benchmark indices and correction at this level seems to be inevitable. Funds and retail investors booked profits across sectors like Realty, Auto, Teck and CD as they closed with losses of 2.49%, 2.41%, 2.40% and 2.29% respectively. On the other hand, Metal and Oil & Gas stocks provided a support to markets as they gained 1.93% and 1.38% respectively. We expect the markets to be trading volatile.

The BSE Sensex closed with a loss of 173.53 points at 15,237.94 and NSE Nifty ended with a loss of 54.30 points at 4,583.40. BSE Mid Caps and Small Caps closed with losses of 112.55 points and 135.78 points at 5,235.03 and 6,014.66 respectively. The BSE Sensex touched intraday high of 15,600.30 and intraday low of 15,174.28.

On Friday, the US Markets closed mixed. There was narrow trading range in the southward throughout the day however towards the end some buying sentiments helped major indices to close in green. Materials stocks closed with a loss of 1.3%, which have provided leadership in recent weeks, were knocked lower as commodities came under pressure amid a rally in the U.S. dollar. Further the Semiconductor stocks also fell under pressure this session, sending the Semiconductor Index to a 1.8% loss. On stock specific move investment services firm BlackRock (-6.04) trailed after updating its outlook to reflect its agreement to pay $13.5 billion for the global investors business from Barclays (-0.63). The US light crude oil for July delivery closed low by 0.8% at $72.05 per barrel on the New York Mercantile Exchange.

The Dow Jones Industrial Average (DJIA) closed high by 28.34 points at 8,799.26 the NASDAQ Composite (RIXF) index declined by 3.57 points to close at 1,858.80 and the S&P 500 (SPX) closed flat at 946.21.

Today major stock markets in Asia are trading negative. Hang Seng is low by 269.66 points at 18,620.02. Shanghai Composite is low by 5.497 points at 2,738.26. Japan’’s Nikkei is trading low by 99.71 points at 10,036.11. Strait Times is also low by 38.72 points at 2,338.35. KLSE Composite is up by 1.19 at 1,090.15.

Indian ADRs ended lower on Friday. In the telecom space, Tata Communication was down 4.04% and MTNL was down 7.54%. In the banking space, HDFC Bank was down 2.41% and ICICI Bank was down 2.32%. In the IT space, Wipro was down 4.88% while Infosys was down 0.03%, Satyam Computers as down 14.65% and Patni Computers was down 3.99%. In other sectors, Sterlite Industries was down 0.88%, Tata Motors was down 1.89% while Dr Reddy’’s Labs was down 3.47%.

The FIIs on Friday stood as net buyers in equity and debt. The Gross equity purchased stood at Rs 3,581.80 Crore and gross debt purchased stood at Rs 10.00 Crore, while the gross equity sold stood at Rs 2,588.70 Crore and gross debt sold stood at Rs 0.00 Crore. Therefore, the net investment of equity and debt reported were Rs 993.20 Crore and Rs 10.00 Crore respectively.

On Friday, the partially convertible rupee closed at 47.61/62 per dollar, flat as compared to previous close at 47.60/61. The local currency had surged an intra day high of 47.37 against the green back.

On BSE, total number of shares traded were 56.51 Crore and total turnover stood at Rs 7,897.45 Crore. On NSE, total number of shares traded was 129.89 Crore and total turnover was Rs 23,706.55 Crore.

Top traded volumes on NSE Nifty – Unitech with 72746311 shares, Suzlon Energy with 58382257 shares, Hindalco with 35767252 shares, Tata Steel with 14190125 shares, followed by Idea Cellular with 13909756 shares.

On NSE Future and Options, total number of contracts traded in index futures was 781871 with a total turnover of Rs 17,244.10 Crore. Along with this total number of contracts traded in stock futures were 463465 with a total turnover of Rs 28,402.22 Crore. Total numbers of contracts for index options were 1152359 with a total turnover of Rs 26,976.32 Crore and total numbers of contracts for stock options were 46406 and notional turnover was Rs 2,829.77 Crore.

Today, Nifty would have a support at 4,493 and resistance at 4,635 and BSE Sensex has support at 15,110 and resistance at 15,359.

For details contact AjayJP@MOSTIndia.com

Two Technopark incubated companies — MobMe and Light Logics Holography and Optics Ltd — have won national awards for their respective innovations. MobMe won the Nasscom award 2008 for the most innovative start-up and the Indian Science and Technology Entrepreneurs Parks and Business Incubators Association (ISBA) award for the best start-up ICT company of 2008. Light Logics won the ISBA award for the best start-up engineering company of 2008.

MobMe is a two-year-old technology start-up incubated by the Technopark Business Incubation (TBI) initiative founded by a bunch of engineering students while in their college.The company won the award for its flagship product, Mobshare.in, which is a mobile contents sharing platform and distribution network. Its enterprise solution today powers CNN-IBN’s and Mid-Day’s Mobile Citizen Journalism initiative, among others.

Light Logics is a business initiative of a group of scientists and engineers with long years of experience in holographic imaging. The company manufactures and sells core machines for holographic imaging, master security holograms, vibrant display holograms and a range of intelligent and strategic holographic products of international quality.

The CEO’s of both the companies were honored by T-TBI Chairman & CEO-Technopark, Mr.Siddhartha Bhattacharya by presenting them momentos on behalf of Technopark-TBI. The three National Awards won by our Incubatees, MobMe and Light Logics add a golden feather to the crown of the Best TBI in the country.  T-TBI has become so successful only with continual motivation, guidance and the support given by Dr.Ajay Kumar IAS, Secretary IT, and Mr.Siddhartha bhattacharya, Chief executive Officer, Technopark & Chairman-T-TBI all through the years. The team spirit we gained through our past experiences give us confidence to move forward in accomplishing our goal of promoting the spirit of innovation and entrepreneurship nationwide. This will help us to groom more home grown companies for the upcoming District IT Parks.

It passes through a beautiful lush green environment sidelined by big trees and cooled by its shadows. But its condition was very bad that anybody using it would never forget the bad experience. This was the curse on it. But like every other curse, this too was followed by ‘moksha’. And the bad experience is going to be a story of the past.

Its a road that I’m talking about. The Karyavattom- Thrippadapuram road. Despite the gutters and small width, it is a highly preffered road to Technopark for those coming from Sreekaryam side. The Public Works Dept. (PWD) gives ‘moksha’ to it. They have commenced the maintenance work of this road and is expected to get it completed in less than a weeks time. It is better to avoid commuting through this road till then.

Well, its a good move from the authorities’ side. It would have been a perfect one if they have given importance to the speed-cutters like bumps at the appropriate regions of this narrow road with a number of curves, thus making it ’safe and beautiful’ cipro and bcp  . coral calcium guru

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Technopark near here, one of India’’s oldest IT parks, on Sept 4 embarked on a new stage of growth with the beginning of work on its third phase. Phase III of Technopark will cover an area of 92 acres and will be an IT/ITES special economic zone. While 40 of the 92 acres will be built by a private developer, the remaining land will be developed by the Technopark authorities.

The private developer will be chose via a competitive bidding process, which is currently on. Some of the land being retained for development by the Technopark authorities will be given to individual IT companies to build their own campuses. The total infusing in phase three of the park is expected to be over Rs 1,500 crore. Once phase three is complete, Technopark-Thiruvananthapuram will have a built-up area of around 10 million square feet and will directly employ at least 100,000 IT/ITES professionals

 US Technologies, one of the largest companies in technopark is organizing  a ‘Wellness walk’ on 20th August 2008 in Technopark premises at 4.00 pm. This is an initiative by the HR department of the company aimed to promote good health and well being of its employees thus encouraging a healthy working environment.

 The initiative with its motto, ‘One step furthur… towards caring and sharing online karela ‘, is ofcourse an important step to watch and learn for all the techies as well as for the HR people in different IT companies. It is learnt that, among the professionals in the job sector, the rate of deterioration of health is most among the IT professionals, with the bugs and deadlines making a heavy toll on mental and physical health. The hectic time schedules keep them away from exercises too. Only less than twenty percent of technopark employees travel by their foot to reach office everyday. The much appreciated event is a preface to think about the personal health of every IT employee. quitting smoking with zyban

 The flag-off of the event will be done by Arun Narayanan and Barry Newton at 4.00 pm. The walk also marks the beginning of the UST foundation day celebrations.

Just as the Kerala High Court rapped the LDF government for its takeover of the heritage property Trivandrum Golf Club, it has found a fervent caddie in the association of IT honchos. The State Cabinet had decided to acquire the 100-year old club, located in 24 acres in prime property in the heart of Kerala capital since the club was reported to have ‘outstanding tax dues’.

The captains of IT firms in Technopark have clubbed in against the Trivandrum Golf Club takeover in unison, dubbing the move as “taken in haste”. While other State governments were trying to promote golf, the Kerala government was trying to end an existing golf course, they pointed out. There are 120-odd Companies working from Technopark, about 12 kms away from Trivandrum Golf Club.

According to G-TEC, the Group of Technopark Companies, the takeover of Trivandrum Golf Club may give “negative signal to the investor community.” Sunil Gupta, a spokesman of GTEC said, here in a release, that some IT firms which invested in Kerala in 1994 were promised a golf club within Technopark. With the current priority of more buildings, this promise was unlikely to materialise, Gupta argued.

The Kerala High Court, meanwhile, has asked the Kerala government to return the possession of Trivandrum Golf Club to club members on Tuesday. The State revenue officials had effected the acquistion on Monday.

The court has also asked State revenue secretary Nivedita Haran to appear before it next Monday to give explanation.

Chief Minister VS Achuthanandan has reacted that the State government would appeal against the verdict. Just hours before the court order, State law minister M Vijayakumar had defended the takeover, saying that the Kerala government intended to make golf facilites accessible to more people beyond the club’s 200-odd members.

Courtesy :- Financial Express

It was not quite an auspicious morning for the techies today, atleast for those entering the park thorugh the front gate. It was a heavy traffic jam that welcomed them to their workplace. The morning welcome would sound more worse if you hear the reason behind the traffic jam. It was a dead body of a young man of around 27 years of age. It was found in the opposite side of Technopark front gate, 200 metres away from the Chennai restaurant and near to the bus parking. He had wounds in his body which is understood to be caused by sword.

Kazhakoottam was always notorious for its anti-social elements and was sometimes termed as their capital in TVM. What is more painful is that it occured just infront of our gate beside the byepass, which boasts of 24 hour police patrol. Fate again brought the real picture of our safety. Whatever patrol there be, here we should take care of our own lives.

The day is not so far when the roadside sign-board to Kazhkoottam reads, “DANGER, Kazhakoottam Ahead..!!”

Wow, Tuesday was very exciting. We flew to Trivandrum, Kerala, in the morning. We were met at the airport by our host and then went to the Technopark to visit with different personnel. It is a business park with @ 20,000 employees. The business park is beautiful because it is has “park” still in its vocabulary. By that I mean it has all kinds to trees. Kerala is in the extreme southern tip of India and after meetings we were taken to dinner at a hotel right on the Arabian Sea. It was almost too late for sunset but I got a picture. The dinner was a buffet with some great curry dishes. We got up early Wednesday morning to fly to Bangalore. Kerala is a vacation spot in India because of the ocean - I can understand that because I would definitely like to spend more time there.

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The availability of quality manpower talent in India has enabled UST Global to expand on a massive scale in the Asian sub-continent. UST Global is currently the biggest software employer in the ‘God’s Own Country’ and has aptly set up its Indian headquarters at Technopark in Thiruvananthapuram.

The California-based IT major provides end-to-end IT services and business process outsourcing solutions for Global 2000 companies. UST, which primarily caters to the US and European markets, plans to set up centres across tier-II and tier-III towns of Kerala and Tamil Nadu. With nearly 5,500 employees, mostly in India, UST Global is keen on increasing its headcount in the country. Last year, UST Global was ranked second in the top 20 Outsourced Software Testing & QA Vendors.

Part of the $6-billion Comfro Group, UST’s goal is to become a $1-billion company by 2010. In an exclusive interview to Sify.com, Arun Narayanan, Joint Chief Operating Officer of UST, shares the company’s growth plans.

It was a fine morning. What was not quite so fine was myself. I was a bit late that day. So i didn’t care to climb the hill to reach the office, but waited for our very own ‘Tech-xpress’, commonly known as the Technopark express(though it has got a stop every 100 metres and a speed one-fourth of that). I almost reached the bus stop near the traffic island when i saw a big gathering there as if waiting for receiving somebody.

By the time the xpress arrived and everyone headed to it. Then i came to know that these people were waiting for the xpress and there was not any other big issue. I felt a bit proud of myself, as i’m late for just this one day, unlike these travellers. To my wonder, I could see another crowd (almost the double of those waiting to board it) inside the bus. I could figure some of my collegues hanging from its door (well, that was their secret in keeping themselves fit..!!)

I was almost sure that some of us would not be able to board it. So I kept myself very near to the door through the rush. But feeling sympathy for someone smaller than me, I gave some space and was pushed away from the door. And what happened atlast..? When the bus left, I was still there in  the stop, but not alone. Most of those from the fairer sex couldn’t board it. I was a bit tired and my shirt was full of wrinkles. But that didn’t pain me much than knowing the next xpress is after an hour. After all this what i gained was the wrinkles in my shirt, loss of time and lot of sweat in the morning itself (sweating for nothing..!!). We the defeated, climbed the hill and reached the office late. Here I was received by a ‘professional glare’ from my PL. I understood its meaning only when i reached before the mirror in the washroom. It was not only wrinkles, but the dirt in my attire added to the ‘brightness’ of his glare at me. Being totally ‘out’ in the morning itself, it was a bad day for me.

That was the last day I tried for this adventure. I wonder how the regular travellers can be regular with this journey.

I wonder if the authorities could have provided an additional bus, atleast during these peak hours. After all, its not just for profit an authority is there. I pray proper measures would be taken to rectify this issue in the near future itself, giving a good meaning to the word, ‘welfare’.