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MindTree to Open U.S. Software Center
Indian outsourcing company MindTree Ltd. Tuesday said it will open its first major software
development center in the U.S., where it will hire 400 local employees, beginning August. It didn't give
any financial details of the investment in the new center.
The center in Gainesville, Florida, will give MindTree's clients access to engineering talent in the
southeast, the Bangalore-based company said in a statement. MindTree said it will renovate an existing
structure at Gainesville to set up the center, which will provide the company access to university
graduates.
MindTree's move comes at a time when Indian outsourcing companies are seeing a rise in the rejection
rate of U.S. visa applications, which is affecting their business and resource planning. India's outsourcing
companies send thousands of employees abroad to work at client locations, and are facing allegations in
the U.S. of taking away local jobs amid high unemployment.
The U.S. last year imposed a large fee on visas for skilled workers like software professionals. It is also
investigating a case of alleged abuse of a temporary-visa program by Infosys Ltd. INFY +0.41% The Indian
Company has denied any wrongdoing. Most software companies are ramping up local hiring in a bid to
overcome the stiff visa regulations.
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Glenmark gets USFDA nod for contraceptive, scalp gel
Glenmark Pharmaceuticals today said it has received approval from US health regulator to market a
generic oral contraceptive and a gel for treating skin inflammation in the American market. Glenmark
Generics Inc., subsidiary of Glenmark Generics has been granted final approval for two abbreviated new
drug approvals (ANDA's) from the United States Food and Drug Administration (USFDA), Glenmark said
in a statement.
The approvals are for Ciclopirox Gel 0.77% and Levonorgestrel & Ethinyl Estradiol tablets USP, 0.15
mg/0.03 mg, it added."Glenmark will market the approved oral contraceptive as Marlissa tablets and
plans to commence shipping both products immediately," the company said. Marlissa is a generic
version of Duramed Pharmaceuticals Nordette tablets. Ciclopirox is the generic version of Medicis
Pharmaceutical Corporation's Loprox Gel and is available in 30, 45, and 100 gram tubes.
"The gel is indicated for the topical treatment of seborrheic dermatitis of the scalp and according to IMS
Health sales data for the 12 month period ending September 2011, Ciclopirox Gel garnered annual sales
of greater than $10 million," Glenmark said.
According to IMS Health, for the 12 month period ending September 2011 total market sales achieved
for Levonorgestrel and Ethinyl Estradiol tablets USP, 0.15 mg/0.03 mg were nearly $50.84 million. The
company's current portfolio consists of 76 products authorized for distribution in the US market, it said.
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DuPont sets up ballistics unit in Hyderabad
Designing bullet-proof helmets and vests and stab-proof wear suited for local needs could be easier in
India. DuPont, the US-based science and engineering-based product firm, has opened a ballistics facility
at DuPont Knowledge Centre near here.
Using equipment here, one can calculate velocity of a bullet and with what it impact is hitting a helmet
or a vest. Details of the impact of the bullet or a stab, called trauma, captured in the computer systems