Norwest Venture Partners (NVP), a US-based venture capital firm, manages more than $1.8 billion in venture capital. Focussing on investments in information technology, including semiconductor and components, systems, software, services and consumer/Internet technologies, NVP has funded over 350 companies since inception.

Promod Haque, Managing Partner, NVP, has more than 15 years of experience in the venture capital industry. He has been ranked as a top dealmaker on the annual Forbes Midas List for the past five years. In 2004, Forbes named him number one venture capitalist based on performance over the last decade.

He was an early investor and a board member of Cerent (acquired by Cisco), Siara Systems (acquired by Redback Networks), OnDisplay (acquired by Vignette), Winphoria Networks (acquired by Motorola) and Extreme Networks.

His current investments include AmberPoint, Cast Iron Systems, FireEye, Open-Silicon, Persistent Systems, Sonoa Systems, Veraz Networks, Veveo and Virtela Communications.

Hindustan Aeronautics Ltd is embarking on new partnerships with global aviation majors for military and civil projects with an eye on trebling the turnover to $3 billion by 2011, according to its Chairman, Mr Ashok K. Baweja.

The defence PSU expects to cross the Rs 7,000-cr mark this year. For 2005-06, it posted a turnover of Rs 5,375 crore at a growth rate of over 18 per cent.

Currently, the aircraft major is the object of interest of many global aircraft and aero engine majors such as Lockheed Martin, Boeing, Airbus, Bell, Eurocopter, Pratt & Whitney, for sourcing and manufacturing tie-ups, Mr Baweja told a news conference on Wednesday.

"With an order book of Rs 28,000 crore and a robust financial health, the company is poised to leap to a turnover of over $3 billion (about Rs 13,300 crore) in the next five years."

"India is today an exciting place for world aviation majors who are looking at HAL as a partner. There are large offset opportunities in military and civil projects. Indian aviation is (set for) the same boom as IT and pharma sectors," he said.

The current orders for mainly Sukhoi, Jaguar, LCA fighters and the indigenous intermediate jet trainer should last for the next 3-4 years.

Anil Kumar Sardana, managing director, North Delhi Power (NDPL), has been conferred the ‘Asian Power CEO of the Year Award’ for 2006. The Asian Power Awards are the industry’s leading awards independently judging the best in the power industry in Asia and are held in high esteem by the industry.

North Delhi Power Limited (NDPL) has also won the ‘Excellence in Service Enhancement’ award. The award is aimed at recognising the broad spectrum of Asia’s power supply industry and acknowledging the vital input from all elements of this industry. The awards conferred on NDPL are a recognition of its outstanding achievements throughout the year and fortify its status as a leader in the power industry.