TeamLease Raises Rs 100 Cr From ICICI Venture, Gaja Capital

TeamLease Raises Rs 100 Cr From ICICI Venture, Gaja Capital Source : Deal Curry News dt 5th April 2011
TeamLease Services Private Limited has raised Rs.100 Cr from ICICI Venture and existing investor Gaja Capital Partners. The amount raised will be used for the vocational education segment i.e. rollout of IIJT centres, entering in new domains and for the TeamLease University project. TeamLease Services, focused on the organized temporary staffing market since 2003, entered vocational education by acquiring the Indian Institute of Job Training (IIJT) in March 2010.

DoP to go ahead with proposal to set up GLP labs, issues tender to finalise consultant

DoP to go ahead with proposal to set up GLP labs, issues tender to finalise consultant
April 06, 2011, 0800 IST – Source : Pharmabiz News

Amid reports that the Department of Pharmaceuticals (DoP) has shelved the proposed scheme of setting up GLP compliant labs in different parts of the country, the DoP has now invited expression of interests to appoint a consultant and thus making it clear that the proposal is still on.

The call for EoI was made to advise the government on setting up GLP compliant chemical testing laboratories, GLP compliant biological testing laboratories, and GLP compliant large animal house in public private partnership mode.

The consultant would assess the existing facilities in the country vis-à-vis requirements of pharma industry, gaps if any, and indicate the manner in which this gap could be filled in. Based on such assessment, the agency will draw up schemes for establishing labs or upgrading the existing facilities so as to make them GLP compliant laboratories or Large Animal Houses. “A combination of both of the above options may also be considered. The schemes have to be drawn in PPP mode,” according to the tender which has put the last date of application as April 25.

The DoP had planned the scheme to help the companies to comply with the good laboratory practices that has been made mandatory from November 1, 2010. The laboratories were planned to be created in the clusters in different parts of the country. Some earlier reports said the DoP had shelved the plan.

“We are going ahead with the proposal and the first step is the appointment of the consultant to prepare the detailed project report and for that we have now issued the tenders,” said a senior official from the Department.

“Through the initiative, the Department expects facilitation by way of inspiring innovation and catalyze and compliment the R&D efforts of the Indian pharma industry. The proposed laboratories to be established or upgraded under the scheme have to comply with international (OECD) GLP norms as well as guidelines laid down by the National GLP Authority of India,” the tender said.

The agency will also suggest the exact number of different types of GLP labs needed to be upgraded or established. It will also recommend geographic distribution of each type of such laboratories keeping in view the likely demand in different locations in the country as may be projected by the Industry and assessment of the consultant.

ISO/TS 10674:2011, Rating services – Assessment of creditworthiness of non-listed entities

Source : http://www.iso.org

New ISO specification will increase transparency and reliability of credit assessments

Credit bureaus and their customers who seek to operate in an international market now have a valuable tool in a new ISO technical specification which offers a harmonized, more transparent and more reliable approach to assessing the creditworthiness of companies.

ISO/TS 10674:2011, Rating services – Assessment of creditworthiness of non-listed entities, provides common terms, definitions and basic process requirements for the assessment of creditworthiness (“Is the company worthy of having credit extended to it?”).

Extending credit to companies is a common component of business today. However, for small and medium-sized enterprises (SMEs) in particular, the decision to extend credit can involve numerous financial concerns. These concerns need to be answered beforehand to avoid a host of problems afterward – which begs the question:  “Is credit assessment reliable?”

In view of the increasing number of credit assessment service organizations, each with its individual assessment system, there is now a clear need for a common evaluation and communication tool – which is answered by the new ISO technical specification.

Dr. Olivier Everling, Chair of the project committee that developed ISO/TS 10674:2011, explains, “In the aftermath of the financial crisis, rating agencies and credit bureaus needed to simplify and provide broader market access to rating criteria, underlying models and analytical tools, to better organize information about their criteria, models and policies, and to offer access to additional analytical tools.

“ISO/TS 10674:2011 is a bi-product of the financial crisis intended to promote transparency and enable the market to best judge the performance of the assessments. It will be an invaluable tool for promoting international trade by making it possible to obtain more reliable credit assessments of even the smaller partners in global markets.”

ISO/TS 10674:2011, Rating services – Assessment of creditworthiness of non-listed entities, was prepared by ISO/PC 235, Rating services. It costs 66 Swiss francs and is available from ISO national member institutes and from ISO Central Secretariat through the ISO Store or by contacting the Marketing & Communication department

CME update on Laboratory Medicine @ MIOT Hospitals, Chennai on April 24th 2011

Greetings from MIOT Hospitals. Join us in celebrating the 6^th Lab professional Day Programme and make it convenient to attend a one day CME on “Update in Laboratory Medicine” on April 24th 2011. It will be interesting to learn, share and network with your colleagues this April.

Venue

MIOT Hospitals Auditorium

Who can attend?

Pathologists, Biochemists, Blood Bank officers, Microbiologists, Lab managers, Lab administrators, Lab technologists, Residents, undergraduates of Allied health sciences, Science Postgraduates and Biotechnology students.

Registration process:

• Fill up the registration form

• Send a DD for ` 500/-, DD in name of MIOT HOSPITALS, payable at Chennai

 DOWNLOAD THE REGISTRATION FORM HERE : MIOT Hospital – CME Update

Direct your registration forms/communications to:

 

Dr CN Srinivas

Organising Chair, Head-Clinical Lab Services

Transplantation Immunology and Molecular lab

MIOT Hospitals, 4/112, Mount Poonamalee Road

Manapakkam, Chennai 600089

Email: cmeinlabmedicine2011@gmail.com

PH: 044 – 22492288 Ext: 5459