More Indian companies eye Nasdaq listing

April 9, 2008

An increasing number of Indian companies are looking to get listed on leading US bourse Nasdaq, even as volatility continues to plague the global markets.

“Many foreign companies are waiting to get listed on the exchange. There are also Indian entities among them,” Nasdaq Vice-Chairman Michael Garver Oxley told PTI.

Currently, the Indian firms listed on Nasdaq include IT bellweather Infosys Technologies and Internet firms Rediff.com and Sify Technologies.

Currently, the Indian firms listed on Nasdaq include IT bellweather Infosys Technologies and Internet firms Rediff.com and Sify Technologies.

While Infosys and Sify were listed on Nasdaq in 1999, Rediff got into the exchange in 2000.

In 2006, Infosys became the first Indian firm to be included in the coveted Nasdaq-100 index.

More than 3,100 companies are listed on the bourse and among them about 335 are non-US firms from 35 countries representing all industry sectors.

Source: Sify


FDA goes to China

April 9, 2008

The FDA plans to place eight staff members in China to expand its efforts to ensure safety of medical devices, drugs, and food coming into the United States from international markets, the agency announced. If the Chinese government agrees to the staffing, the FDA will station the staff at the U.S. Embassy in Beijing and the U.S. Consulates General in Shanghai and Guangzhou.

The new positions enhance ongoing efforts to focus on the safety of devices and other FDA regulated products in global markets. The FDA’s “Beyond our Borders” initiative seeks to improve FDA relationships and cooperation with its counterparts in other countries.

Source: HCPro.com


Microsoft’s Office Open XML

April 3, 2008

Microsoft’s Office Open XML file format has received the necessary number of votes for approval as an ISO/IEC International Standard, announced ISO yesterday. Approval required at least 2/3 (i.e. 66.66 per cent) of the votes cast by national bodies participating in the joint technical committee ISO/IEC JTC 1, Information technology, to be positive; and no more than 1/4 (i.e. 25 per cent) of the total number of ISO/IEC national body votes cast to be negative.

Source: EFY Group

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