Network Systems and Technologies Pvt Ltd, the global engineering software services wing of the NeST group, Monday opened an offshore development centre for Japan's Fujitsu VLSI Ltd at the Technopark campus here.
Toshimasa Wada, executive vice-president (electronic devices) of Fujitsu, said the firm had been on the lookout for creative and resourceful partners who can help them in improving their products and services.
"NeST came as a natural choice for us in our VLSI design domain due to its praiseworthy track record in the high technology market and overall technical capability," he said at the inauguration of the new centre.
NeST group chairman Javad Hassan said the semiconductor industry is globally poised for tremendous growth. The developed world was increasingly considering India as a destination for creative ideas and high-end technical expertise.
"I consider VLSI (Very Large Scale Integrated Circuit) design as the next growth engine for the semiconductor division of NeST," said Hassan.
A subsidiary of Fujitsu Ltd - a Fortune 500 firm, Fujitsu VLSI is a total solution provider of electronic devices.
NeST is an international corporate group of over 25 companies employing more than 3,000 people worldwide, with a global export business turnover in excess of $200 million.
It has hardware and software facilities in Thiruvananthapuram, Cochin, Bangalore and Mysore in India apart from its centres in the US.
Indo-Australia committed to resolve agri-trade issues
Publish Date : 3/3/2007 7:21:00 AM
The agri-trade has become a very contentious issue in the World Trade Organisation (WTO), but India and Australia have agreed to resolve issues coming in the way of trade in agricultural goods by setting up a mechanism.
RBI to absorb more liquidity to contain inflation
Publish Date : 3/3/2007 7:11:00 AM
In a bid to further contain inflation, Reserve Bank of India today announced a modified market stabilisation scheme (MSS) and liquidity adjustment facility (LAF) to suck out Rs 11,500 crore from the system.
Gold and Silver prices turn distinctly weak
Publish Date : 3/3/2007 7:03:00 AM
Both the precious metals today turned distinctly weak on the bullion market as silver plunged by Rs 570 and gold by Rs 155 on heavy stockists offerings tiggered by sharp fall in the global markets.
Further fall in gold and silver prices
Publish Date : 3/2/2007 7:06:00 AM
Both the precious metals continued to decline on the bullion market here today on sustained offering from stockists in view of fall in the international markets.
Rupee ends marginally up at 44.26/27 a dollar
Publish Date : 3/2/2007 7:03:00 AM
The rupee today ended marginally higher at Rs 44.26/27 a dollar, supported by a smart recovery on equity markets coupled with fresh exporters' dollar sales.
Hyundai domestic sales up 74 pc in Feb
Publish Date : 3/2/2007 7:01:00 AM
Hyundai Motor India today reported a 74 per cent increase in its domestic vehicle sales during February at 15,459 units compared to the same month last year.
Hutchison Telecom files caveat fearing legal move by Essar
Publish Date : 3/2/2007 6:59:00 AM
Hong Kong-based Hutchison Telecom has filed a caveat before the Bombay High Court to ensure that its plea is heard in case Essar moves the court, challenging the the foreign partner's decision to sell stake to Vodafone.
Skoda slashes car prices up to Rs 24,000
Publish Date : 3/2/2007 6:56:00 AM
As car makers Maruti and Hyundai announced a hike in prices, luxury car maker Skoda Auto today slashed prices across all models by up to Rs 24,000 citing reduction in customs duty on imported car parts in the Budget.
Bond prices continue to decline
Publish Date : 3/1/2007 8:30:00 AM
Government bond prices continued to decline on persistent selling while call rates eased in view of ample liqudity in the system.
India should be more conscious of global developments: RBI
Publish Date : 3/1/2007 8:19:00 AM
The Reserve Bank of India today said the steep fall in Indian stock markets was a contagious effect of plunge in overseas bourses and the country should have strong market and regulatory mechanism to avoid disruption in markets.
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