Posts Tagged ‘Chennai’
Chennai, Dec 10 (IANS) Armed with $6 million funding by Norwest Venture Partners, the Singapore-headquartered healthcare software company Attune Technologies will increase its headcount in India and expand in the Middle East and African markets, a top company official said.
“We will add 25 more people in the product development centre (in Chennai) and also hire people for business development in markets like Middle East, Africa and other places. We will scale up our business in India and other places,” A. Arvind Kumar, chief executive of Attune Technologies told reporters here Monday.
He said the four-year-old 65-employee company got $6 million from Norwest Venture Partners for an undisclosed stake in the company.
Kumar said Attune would offer its healthcare software on “software as a service (SAAS)” model to hospitals, diagnostic labs and others on cloud platform (use of computing resources delivered as a service over the internet).
He said traditionally healthcare information technology (IT) systems are built in silos and do not talk to each other.
There are different systems for scheduling billing, hospital information system, lab information system, radiology information system and others without integration facilities.
“It will also be costly for the hospital and laboratories to go in for software charged on per user basis. There is also risk of obsolescence.
“On the other hand, in our SAAS model, the payment is based on the number of beds a hospital has or the number of samples that a lab handles. Our systems will be modern and the cash outgo for our clients will be minimal,” Kumar said.
He said that when the client moves out of our fold, the data will be provided in a format which can be integrated with other systems.
As there is no legal clarity on taking the patient data outside India, Attune Technologies hosts its client’s data in their respective countries.
According to Mohan Kumar, partner, Norwest Venture Partners, cloud-based software for healthcare will catch up as there are more entrepreneur-driven healthcare chains — hospitals, clinics, labs — with venture capital funding.
“For such chains, cloud-based software architecture is important,” he said.
Chennai, Dec 10 (IANS) Telugu producer Kumarbabu, who has cast a bevy of newcomers in his upcoming romantic film “Telisi Teliyaka”, strongly feels new artists need to be encouraged.
“Through this film, we intend to encourage new talent. Most small budget films with newcomers may not be a blockbuster, but they succeed because of the new cast, new director and novel subject,” Kumarbabu told IANS.
The film, directed by debutant Jayaprakash K, stars newcomers Gitanand, Mythili, Krishna, Hasini and Sudhir. It is releasing Dec 21.
Do you always prefer working with newcomers?
“Not always. But as a producer, I feel it’s my responsibility to bring out talented and dedicated newcomers. Not everybody can make a high budget film with a superstar, can they? For those who aspire to make good films in a shoestring budget, most newcomers come in handy,” he added.
“Telisi Teliyaka” has cinematography by Anand Dola and editing by Martand K. Venkatesh, while Karthik Kumar Rodriguez has composed the music.
Chennai, Dec 10 (IANS) Actor-filmmaker Kamal Haasan has confirmed his upcoming magnum opus, bilingual film “Vishwaroopam” will be released on Direct-To-Home (DTH) platform a few hours before the theatrical release of the film.
“My film (‘Vishwaroopam’) will have a release via DTH before it hits the theatres. It will be a one time show and I’m certain that it will help the producers find a new revenue stream. The cost of watching the film on DTH will be approximately Rs.1,000,” said Kamal in a press statement.
He says compared to the population that watches films in theatres, people who own DTH in Tamil Nadu are miniscule.
“If only three percent of population in Tamil Nadu use DTH services, then how much loss can one show of my film possibly cause the producers or theatre owners? In fact, to telecast the film on DTH will serve as a teaser to attract more audiences to cinemas,” he said.
Kamal, 58, has written and directed “Vishwaroopam”, which stars himself alongside Andrea Jeremiah, Pooja Kumar, Rahul Bose, Shekhar Kapur and Jaideep Ahlawat. It is releasing Jan 11 next year.
Meanwhile, the actor will meet a group of producers to discuss and debate the trend.
“Releasing movies over DTH is being criticised because it’s a new trend in the cinema industry. On the contrary, DTH releases will only strengthen business,” he added.
Chennai, Dec 9 (IANS) Voting in favour of foreign direct investment (FDI) in retail in parliament despite voicing its opposition to the measure, the DMK Sunday asked the Tamil Nadu government to ascertain US retail chain Wal-Mart’s plans here and take appropriate action.
In a statement issued here, DMK president M.Karunanidhi said there is information about Wal-Mart setting up a commercial complex at Vanagaram on the city outskirts on seven acres and a marketing office here.
Karunanidhi said there is also information that Walmart is approaching small grocers for enrolling them as its members with a promise of selling their products at low rates.
“If this news is true, then there might be entry of FDI in retail,” he said.
Karunanidhi said company officials maintain that they are not in retail trade but in wholesale trade selling to retailers.
He hoped the state government would look into the veracity of the news and take necessary action.
The US retail chain has a joint venture with India’s Bharti group – Bharti Wal-Mart Pvt. Ltd., operating cash and carry wholesale format stores.
The ruling AIADMK government is opposed to FDI in retail and has voted against it in parliament.
Chief Minister J.Jayalalithaa has categorically said her government will not permit FDI in retail sector in Tamil Nadu.
Chennai, Dec 8 (IANS) Actor Sivaji, who has dubbed for the lead role in the Telugu version of Tamil horror-thriller “Pizza”, can’t stop praising the film.
“I recently watched ‘Pizza’ and was totally bowled by the film that I instantaneously agreed to dub for the film on the request of the producer Suresh Kondeti. I feel blessed to be associated with such a wonderful film and I’m sure audience will love it”, Sivaji told IANS.
Sivaji has dubbed for actor Vijay Sethupathi, who played the lead in the Tamil version of the film.
Directed by Karthik Subburaj, “Pizza” is the story of a Pizza delivery boy whose life undergoes dramatic changes whilst on one of his home delivery trips.
The film raked in Rs. 1.85 crore in its first two weeks.
While the Telugu dubbing rights of the film was sold for a whopping Rs. 72 lakh, Kannada dubbing rights were sold for Rs. 35 lakh.
Meanwhile, the Hindi remake rights of the film were bought by Bejoy Nambiar for Rs. 1.10 crore. He will produce the film under his banner Getaway Films.
Chennai, Dec 8 (IANS) Telugu director Sekhar KC feels that film titles can be as quirky as one wants, but they should never deviate from the crux of the plot.
“Titles of films should never deviate from the plot. Films are free to choose any title but that should have some connection with the film. Films that use title merely as a tool to draw audience to cinemas, can’t be successful because content is king,” Sekhar said.
Sekhar says his upcoming Telugu romantic-drama too has quirky title “Atanu Hardware Aame Software”, but doesn’t deviate from the plot.
“I have reasons to justify the title of my upcoming film. It explains the value of love and friendship. We highlight that the friendship part in any relationship is filled with happiness, while the love part comes with some pain”, he added.
The film, which is produced by S.V. Rao, will go on floors Dec 17. It features Raja in the lead role, while the female lead is yet to be announced.
Chandramohan, M.S. Narayana, Krishna Bhagawan, Tagubotu Ramesh and Naveen have also been cast in the film, which has music by Mahesh Apala.
Chennai, Dec 8 (IANS) The Tamil Nadu Electricity Regulatory Commission (TNERC) has invited suggestions from all stakeholders on a petition filed by Tamil Nadu Generation and Distribution Corporation Ltd (TANGEDCO) on the distribution of power in the state.
The state power utility in the petition says it wants to continue with the current system of power distribution in the state – two hours of power cut in Chennai and 8 to 12 hours of power cut in other parts of the state.
People and industries have demanded equitable distribution of power or equitable power cuts across the state.
TNERC wants stakeholders to make their comments by Dec 21, 2012.
TANGEDCO has approached TNERC following a court order.
TANGEDCO in its petition has justified preferential treatment to Chennai as it is the state capital, housing establishments like legislative assembly, high court, government secretariat, officers of Consulate and embassy of foreign states, international/national airports, ports, major hospitals and others.
According to TANGEDCO, the pillar box fuses in Chennai would not last after prolonged duration of load shedding owing to the cramped status of distribution network.
The utility cited Karnataka where Bangalore being its capital city has been totally exempted from power cuts while other parts of the state are subjected to load shedding.
According to TANGEDCO, there is a net power deficit of around 4,000 MW in the state during peak as well as day time.
Around 4,300 MW of additional generation capacity is expected to be added before December 2013.
In an effort to augment the power supply situation in the state TANGEDCO has said that it has tied up with private generators located outside the southern region for supply of 500 MW from June next for three years.
Chennai, Dec 8 (IANS) Vikram Prabhu-starrer Tamil drama “Kumki” and Jiiva-starrer Tamil romantic-drama “Neethaane En Ponvasantham” have been passed with a U certificate by the Central Board of Film Certification, without any cuts.
Prabhu Solomon’s directorial venture “Kumki” revolves around a mahout and his trained elephant. It features debutant Vikram Prabhu, grandson of yesteryear actor Sivaji Ganeshan.
“Kumki cleared with a U certificate without any cuts”, Vikram tweeted.
On the other hand, “Nethaane En Ponvasantham” (NEP), which is directed by Gautham Vasudev Menon, is a modern day love story. It stars Samantha Ruth Prabhu in the lead role opposite Jiiva.
“NEP passed with a U certificate with no cuts”, Trinath, a trade analyst, said.
Both films are releasing worldwide Dec 14.
Chennai, Dec 7 (IANS) In a major relief to members of the Tamil Nadu Spinning Mills Association (TASMA), the Madras High Court has restrained Tamil Nadu Generation and Distribution Corporation Ltd (TANGEDCO) not to resort to load shedding for those having dedicated feeder lines and wind mills.
According to K. Venkatachalam, chief advisor at TASMA, the court Thursday granted an interim injunction restraining TANGEDCO from resorting to load shedding for dedicated feeder consumers having wind energy.
The court also restrained TANGEDCO from insisting such consumers to purchase power from others for availing power during load shedding, Venkatachalam told IANS Friday.
TASMA took the state power utility to court for cutting off power to its members despite having dedicated power feeder lines and having huge power credit in their power banking account.
Power banking is like cash banking, whereby wind power producers feed in the electricity generated by their wind mills to the state grid and then draw that power for captive use within a year or encash the same.
According to Venkatachalam, TASMA members have invested around Rs.1 crore in dedicated feeder lines and as such the wind mills are like any other captive power plants.
He said since the wind mills and the points of consumption are located at different places, the power generated by the machines is fed into the state grid paying wheeling charges as well to TANGEDCO.
TASMA members account for around 3,500 MW of wind power installed in the state.
Only last month in another case filed by TASMA, TANGEDCO had agreed to settle within two months its dues to the members of the latter owning wind mills in the state.
Chennai, Dec 7 (IANS) Singer and video-jockey Anushka Manchanda, who has collaborated with British trance music sensation Nicholas Bracegirdle aka Chicane on a brand new track, says working with him was an amazing experience.
“I used to play ‘Don’t give up’ by Chicane on loop. It was one of my favourite tracks before I even understood what electronic music was. To be able to work with him is amazing. I love the sound of the track and I cannot wait to put the final vocals down”, Anushka told IANS.
The track, sung by Anushka, has been produced by Chicane. The collaboration was done over the internet.
The 27-year-old will perform live with Chicane as part of Blue Frog’s fifth anniversary celebrations Friday and Saturday in Mumbai and Delhi, respectively.
Chennai, Dec 6 (IANS) Telugu actor Junior Nandamuri Taraka Rama Rao, popular as Junior NTR, will star in the next yet-to-be-titled film by producer Bellam Konda Suresh. He has replaced Ram Pothineni, who was initially signed on for the project.
“NTR has given us a go-ahead with the project. He was very inspired with the script and has agreed to start working from March next year,” a release from the production company said.
The film, which was initially launched with Ram, was tentatively titled “Kandireega 2″, following the success of the prequel which starred Ram in the title role.
The makers haven’t disclosed the reason for replacing Ram with Junior NTR in the film, which will be directed by Santosh Srinivas.
Samantha Ruth Prabhu is cast opposite Junior NTR in the film, while the rest of the cast will be announced soon.
Chennai, Dec 6 (IANS) India’s Credit Analysis & Research Ltd (CARE Ratings) will soon start operations in a joint venture with headquarters in Portugal.
“Our joint venture – ARC Ratings – is expected to offer the third alternative to the two major global rating agencies Standard and Poor’s or Moody’s or their associates in various markets,” T.N. Arun Kumar, chief general manager, told reporters here Thursday.
CARE Ratings has signed a non-biding memorandum of understanding (MOU) with four rating agencies each located in Brazil, Portugal, Malaysia and South Africa.
“All the five rating agencies will have 20 percent stake in ARC Ratings,” Kumar said.
According to CARE Ratings, the international credit rating joint venture would operate as an independent and supra-sovereign rating agency and provide international scale ratings to assist local issues in mobilizing resources form international financial markets.
The company is focused on expanding its rating business in other countries, including Nepal and Mauritius through joint ventures.
CARE Ratings has already entered Maldives market and completed two assignments there and plan to rate Rufiyaa denominated debt of Maldivian companies and Maldivian subsidiaries of multinational companies, says the company’s red herring prospectus.
Kumar does not expect any major fall in the company’s revenues if the banks migrate to internal rating based approach for credit risks with Reserve Bank of India’s (RBI) permission.
The RBI has advised banks to apply for migration to an internal rating based approach for measuring credit risk in determining the capital requirement for a given credit exposure from this April onwards.
Kumar said RBI will give banks its nod after 18 month detailed analysis of the applicant bank.
According to him, CARE Ratings does not expect all the banks to go in for internal rating based approach.
“Ratings of private placement of bonds will be there and hence we do not see our business going down,” he said.