Aspiring Minds to invest USD 6 mn in R&D in India

Job credentialing platform Aspiring Minds, will invest over USD 6 million (Rs 38 crore) in the next three years in research and technology innovation.
The company today opened its first R&D facility in Gurgaon. The new facility looks at hiring over 100 high-end technologists and researchers from IIT's and other top notch colleges, a company release said.
"The state of the art technology which the new R&D facility will develop will help us digitise the whole process of hiring in these new countries where we are planning to enter," Aspiring Minds Co-Founder and CTO Varun Aggarwal said.
The company plans to expand into China, the US and the Middle-East.

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Alstom India says it sets record in India * Alstom today said that it has set a new record in India with the 200th unit of the 765 kV transformer and reactor manufactured from its facility at Vadodara in Gujarat.

Since its inception in March 2009, this greenfield facility has gradually ramped up its production capabilities. Today the company has provided the highest number of 765 kV transformers and reactors for the Indian electrical grid, it added.
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Thomas Cook India March qtr loss at Rs 1 cr * Travel services Thomas Cook India today reported consolidated net loss of Rs 1 crore for the March quarter.
The company had posted a net profit of Rs 4.19 crore for the corresponding period of the previous fiscal, Thomas Cook India said in a filing to BSE.
Consolidated total income from operations stood at to Rs 864.86 crore for the quarter under consideration. It was Rs 478.92 crore for the same period year ago.
The company has changed its financial year December 31 to March 31. So results ending March 31, 2015 are for 15 months.

For the financial year ended March 31, 2015 the company's consolidated net profit stood at Rs 90.15 crore. It was Rs 62.22 crore for the fiscal year ended December 31, 2013.
The company said its board has also recommended a final dividend of Rs 0.50 per share.