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BWI News on January 25, 2012

Al-Futtaim and iYogi Launch Remote Tech Support Services in Middle East
Techserve, a leading service and systems integration provider today announced its alliance with global remote tech support provider iYogi to deliver on-demand remote tech support for consumers and businesses across GCC states in the Middle East Business Wire India

DaVita Acquires Majority Stake in NephroLife India
DaVita Inc. (NYSE:DVA), a leading provider of kidney care services for those diagnosed with chronic kidney disease (CKD) today announced it has acquired controlling interest in NephroLife, a leading Bangalore-based kidney care company. DaVita® had previously announced making a minority investment in the company Business Wire India

Tano Capital, LLC Announces Final Closing for the Tano India Private Equity Fund II with Committed Capital of US $111.3 Million
Tano Capital, LLC (Tano Capital), an Asia focused alternative asset management firm, announced today the final closing of the Tano India Private Equity Fund II (“TIPEF-II”) on $111.3 million of committed capital Business Wire India

Shoppers at Luxe Moroccan Mall Ride Lift through Conical Acrylic Aquarium Designed and Built by International Concept Management (ICM)
The world’s first and largest cone-shaped aquarium with an inner glass aquarium elevator debuted at the new Morocco Mall in Casablanca. Aquadream, the 9.3 meter tall acrylic aquarium designed and built by International Concept Management, Inc. (ICM), is the centerpiece of the luxury giga-mall along Morocco’s coast. Business Wire India

Assured Guaranty Announces Three-Part Transaction with Radian Asset
Assured Guaranty Ltd. (NYSE:AGO) (together with its subsidiaries, “Assured Guaranty”) announced today that Assured Guaranty Municipal Corp. (“AGM”) has entered into an agreement to reassume $12.9 billion of par it had previously ceded to Radian Asset Assurance Inc. (“Radian Asset”). Also, through Assured Guaranty Corp Business Wire India

Clinical Data for DURABILITY II Study Presented at ISET 2012
Covidien (NYSE: COV), a leading global provider of healthcare products, today announced that one-year results on the use of its EverFlex™ stent for superficial femoral artery stenting were presented here during the International Symposium on Endovascular Therapy (ISET) Conference. Business Wire India

Organizational Resistance and Channel Conflict Cited as Top B2B Commerce Challenges in New Digital River White Paper
Digital River, Inc. (NASDAQ: DRIV), the revenue growth experts in global cloud commerce, announced today the availability of a new white paper on the important factors to consider in managing global business-to-business (B2B) commerce channel initiatives Business Wire India

Hilton Worldwide Becomes Fastest Growing Major Hotel Company
Hilton Worldwide has become the fastest growing major hotel company, expanding its portfolio by 29 percent since June 2007 and surpassing its competitors in total rate of room growth Business Wire India

IMS Acquires PharmARC in India, Strengthening Global Services Capabilities
IMS Health has acquired PharmARC, an India-based company specializing in commercial analytics and services for the life sciences industry Business Wire India

DotComGuy Launches the DOTCOMinator, a Free Pro-Active IT Support Software
DotComGuy’s “MSP” Tech-Support software as a service that reduces computer/employee downtime, cuts costly computer repair bills and changes the way people manage their IT support for their Home and Business computers is now available for free downloads at Business Wire India

EPAM Systems, Inc. Commences Initial Public Offering of Common Stock
EPAM Systems, Inc. (the “Company”) today announced the launch of its initial public offering of 7,400,000 shares of common stock. Subject to market and other conditions, the Company expects to sell 1,517,647 shares of common stock and the selling stockholders expect to sell an aggregate of 5,882,353 shares of common stock Business Wire India

ILFC to Establish New Offices in Beijing and Singapore
International Lease Finance Corporation (ILFC), a wholly owned subsidiary of American International Group, Inc. (NYSE: AIG), announced today that it will establish offices in Beijing and Singapore in 2012. In addition, the company has named David A. Nixon as Senior Vice President and Head of Asia Pacific Business Wire India

Coverity Announces Formation of Security Research Laboratory
Coverity, the leader in Coverity, Inc., (, the leader in Twitter or check out our blog. Business Wire India

Coverity and Wind River Bring Development Testing for Security to Embedded Software Development
News Highlights -- Coverity and Wind River team to integrate development testing for embedded software security, making it easier and faster to find and fix security vulnerabilities in embedded device software while applications are being written Business Wire India

Gaurav Ghei and SSP Chowrasia Lead TAKE Solutions’ Chennai Pro Golf Team
TAKE Solutions Ltd.,leaders in Life Sciences (LS) and Supply Chain Management (SCM) products and The Professional Golf Tour of India (PGTI) today announced that the Chennai pro golf team for the new nine-city IPL-style Rs. 1.2 crore Louis Philippe Cup will be led by Arjuna award winner Gaurav Ghei of Delhi Business Wire India

Rediff.Com Reports Results for the Third Quarter Ended December 31, 2011
For the quarter ended December 31, 2011, our India online revenues remained at the same level sequentially and declined by 7% on a year on year basis in rupee terms. However, a 14% decline in the Indian Rupee as compared to the US dollar is reflected in a decline in India online third quarter revenue by 18% on a year on year basis in dollar terms Business Wire India

GlobalLogic Develops Award-Winning Facilities Management Application for Australia’s Valorem Systems
GlobalLogic, a leader in software R&D services, today announced that Kevah Works, an end-to-end mobile application service it developed for Valorem Systems in Australia, has received the prestigious 2011 InClean Award for Innovative IT Technology in Australia Business Wire India

Greenlime Continues To Lead The Hygiene Revolution
Pudumjee Hygiene Products Limited is a subsidiary of the Pudumjee group - India’s pioneers in specialty paper making. They have used this competence to develop and market a wide range of holistic products to suit different hygiene needs under its brand – Greenlime. Greenlime covers a variety of new age hygiene solutions and cater to different sectors Business Wire India

HomeShop18 Brings Great Offers for the 63rd Republic Day Celebrations
HomeShop18 launches a 7-Day shopping extravaganza starting 24th January, 2012 to commemorate the 62nd Republic Day with its privileged customers. As a part of this promotion, HomeShop18 is offering heavy discounts and gifts to its loyal customers. The promotions will run from 24th Jan to 26th Jan, 2012, on the 24-hour on air shopping channel HomeShop18 and its web extension Business Wire India

Padma Bhushan Dr Ramdas M Pai conferred with The Golden Peacock Lifetime Achievement Award for the Year 2011
-- Padma BhushanDr.Ramdas M Pai receives the Golden Peacock Lifetime Achievement Award for Education & Healthcare Services for the year 2011 -- The award was given by VeerappaMoily, Union Minister of Corporate Affairs in the presence of Hon. Justice MN Venkatachalaiah, former Chief Justice of India, Dr. Ola Ullsten, former Prime Minister of Sweden and The Rt Business Wire India

HomeShop18 Commemorates the 63rd Republic Day Celebrations
HomeShop18 launches a special 7-Day shopping extravaganza starting 24th January 2012. This promotion is an effort to celebrate Republic Day with the customers of HomeShop18. Offering huge discounts and gifts to the brand loyal customers, it is an initiative to add excitement over the 63rd Republic Day celebrations in India Business Wire India

Medigrity Innovations Announces Launch of - Medical Practitioners’ Networking Platform
Medigrity Innovations Private Limited, a Hyderabad, India based innovative healthcare solutions organisation, proudly announces the launch of their flagship web portal (beta). DocLynk is a professional and exclusive private network for Medical Practitioners (Physicians, Dentists and Medical Students) in India and abroad Business Wire India

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