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solution leverages IBM’s Intelligent Building Management (IIBM) system (a combination of monitoring,
asset management and advanced analytics) along with Ingersoll Rand’s Energy optimization
technologies, to help trigger preventive and predictive maintenance to create smarter buildings,
according to an IBM statement.
Buildings in India account for 30 per cent of energy consumption. Of this consumption, the major usage
is due to HVAC (heating, ventilating and air-conditioning) and lighting. As the Indian economy develops
and commercial infrastructure gets built, it becomes essential to drive robust initiatives to improve
energy efficiency and sustainability. In the current economic scenario, with rising energy costs,
organizations are facing capital and operating budget challenges. Maximizing capital productivity
requires increasing asset utilization, efficiency and uptime. Similarly, the operating costs of energy and
maintenance need to be optimized, IBM said.
Mr. Venkatesh Valluri, Chairman & President, Ingersoll Rand India said, “Ingersoll Rand has been at the
forefront of driving ‘Innovation and Technology Convergence’ and to us this means bringing together
organizations and technologies on a common platform and converging them to drive profitable
sustainability practices. This partnership is a strategic initiative where IBM and Ingersoll Rand are
combining their strengths in operations and management systems to bring end-to-end managed
services to customers.” “This partnership with Ingersoll Rand reaffirms our commitment by using
intelligent data to build smarter buildings that are accountable for energy and carbon resource use,
helping create a sustainable environment,” said Mr. Nipun Mehrotra, Vice-President & General
Manager, Sales & Business Development, IBM India/South Asia.
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Microsoft partners Morpheus, Accel to help startups in India
Software giant Microsoft has partnered with Morpheus and Accel in the country to provide support and
services to startup companies, helping them grow their business.
BizSpark Plus, an extension of the earlier BizSpark program, works through incubators and accelerators
to provide value added products and services to high potential startups.
Morpheus and Accel have been appointed accelerators in India, and working through them, the program
will offer each of their startups up to USD 60,000 of Windows Azure services over a 24-month period to
help develop their ideas and solutions.
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Indian drug companies, hit US jackpot in December quarter
Five of India’s top 10 pharma firms collectively raked in their best quarterly revenues in the US in
October-December. During this period, total US earnings of Ranbaxy Labs, Dr. Reddy’s, Sun Pharma,
Lupin and Zydus Cadila almost touched Rs. 5,000 crore. This is 80% of what Ranbaxy, Dr. Reddy’s, Lupin
and Cadila cumulatively earn from their domestic business every year.
Excluding Lupin, which operates in both patented and generic drugs business in the US, combined
quarterly earnings of the four firms, grew 112% during the quarter on an annual basis. The timing, when
several blockbuster drugs with market size over $1billion were losing patent protection, proved
fortunate for many of these firms. The surge in US business comes at a time when many of these
companies feel “irrational” price controls and emerging patent regime are undermining their growth
potential within the country.