The Strongest Biz Brand
Independent brand arbiter, Superbrands India has declared Sun Microsystems
India the strongest business brand in India. Sun Microsystems India received the
fete following two evaluation processes. Professional marketers and
industry-relevant audiences scored the first part of the study. A panel of
eminent business leaders, called the Superbrands Council, then evaluated those
who survived the first round.
Award for F5 Networks
F5 Networks has bagged the Application Networking Vendor of the Year Award
at the 2008 Frost & Sullivan Asia Pacific ICT Awards held in Singapore. The
awards recognise outstanding performance and leadership by companies within the
ICT industry in Asia Pacific that have made the most significant impact on the
market in 2007.
HYSEA to Focus on SMEs
The agenda for the following couple of years for Hyderabad Software
Exporters Association (HYSEA) would look at the small and medium sized IT
companies. We realize that it is a tough time for IT growth, especially for
small and mid-sized companies. We will take a number of initiatives with this in
mind, said Narasimha Rao, president, HYSEA and VP for the Hyderabad center of
Infosys.
Nutek Gets Nod for IPO
Nutek India, a telecom infrastructure service provider offering infrastructure
rollout solutions for both mobile and fixed telecommunication networks, has
received SEBIs nod for entering the capital market with its IPO through the
book-building route. The public issue of 4,500,000 equity shares consisting of a
fresh issue of 3,500,000 equity shares.
Providence to Invest $640 mn in ABTL
Providence Equity Partners will invest $640 mn in Aditya Birla Telecom (ABTL),
a wholly owned subsidiary of Idea Cellular. ABTL, a wireless communications
company, will use the fund for network rollout and ongoing operations. The
transaction, which is expected to close by August, is subject to regulatory
approvals. DSP Merrill Lynch acted as the financial adviser to Idea on the
transaction.
Indian Firms Seek Incentives from Data Centers
A majority of Indian companies believe that power utilities should provide
an incentive on net savings achieved on power consumption in data centers, says
a Green IT survey conducted by storage and data management solutions NetApp.
Delhi-based companies see this as most important, with 77% wanting 10% or more
of the power consumption savings as incentives. Mumbai follows with 66% followed
by Bangalore with 62%.
Google Beats Yahoo!, Microsoft
Continuing its dominance in the online search market, Google increased its
share of US Internet search traffic drawing 61.6% of all queries in April
compared to 59.8% in March, according to researcher ComScore. Interestingly, the
search traffic of both Yahoo! and Microsoft have come down. While Yahoo! fielded
20.4% of searches, down from 21.3%, Microsofts share came down to 9.1% from
9.4%.
Web 2.0 Set to Revolutionize Healthcare
Facebook, YouTube, and Wikipedia are now set to revolutionize healthcare,
according to a new research report from online news service and publisher,
e-Health Insider. The new applications based on social health networks and
content generated by health service users themselvessuch as reviews of doctors
and hospitalswill rapidly evolve to challenge existing healthcare systems and
create new ways of delivering healthcare, according to the report titled Web
2.0 in the Health Sector: Industry Review with a UK perspective.
HP Net Revenue Up 11%
HPs net revenue surged 11% to $28.3 bn in its second fiscal quarter ended April
30, 2008. In the second quarter, GAAPs operating profit was $2.6 bn and GAAPs
diluted earnings per share (EPS) was $0.80, up from $0.65 in the year-ago
period. Strong sales in emerging markets boosted the companys earnings to $2.2
bn, up 24% a year earlier.
Infosys M-cap Dips 29%
Market capitalization of Infosys Technologies has dipped by 29% for the year
2007-08 to Rs 82,362 crore from Rs 115,307 crore during the year 2006-07,
according to the companys annual report. Meanwhile, the companys brand value
has grown by a marginal 0.77% for the year 2007-08 over the previous year. The
companys brand value is at Rs 31,863 crore, compared with Rs 31,617 crore
during the year 2006-07.
IT Adoption Increases Profits by 30% |
A study by India Development Foundation (IDF) finds that adoption of IT in manufacturing units is quite rewarding. It increases the profits by 30% and profitability by 3%. The study, however, points out that in spite of many advantages, the IT adoption still remains alarmingly low among the Indian manufacturing units. The findings of the study are published in a The book was released by Dr Montek Singh Waiting to Connect recommends a number of |
Virtusa Revenue Up 28%
Virtusa Corporation, provider of IT consulting, technology implementation and
application outsourcing services, has reported a 28% y-o-y increase in revenue
for the fourth quarter ended March 31, 2008. The companys revenue stood at $45
mn for this quarter. Virtusa reported income from operations of $5.6 mn, or
12.5% of revenue, for the quarter, representing an increase of 38% compared to
$4.1 mn for the fourth quarter of fiscal 2007.
Gemini Net Up 52%
Gemini Communication, a provider of communications, networking solutions,
and system integration, has announced its results for the year ending March 31,
2008, with a 52% jump in its y-o-y profits. Net profit increased to 52% at Rs
27.47 crore for the period as against Rs 18.08 crore in 2007. Net revenue
increased 47% at Rs 236.12 crore for the period.
as against Rs 161.02 crore in 2007. PBT stood at Rs 36.05 crore for the
terms, a y-o-y growth of 73%.
Ad Spend on Social Networking Low
In spite of media hype around social networking, worldwide advertising
spending on social networks has not met expectations, said eMarketer, which
conducts research and analysis on digital marketing and media. According to a
release, eMarketer has revised its worldwide social network ad spending
estimates, now projecting that advertisers will spend one billion pounds
Sterling on social networks worldwide in 2008, rising to only 2.2 bn pounds in
2011. The previous figure for 2011 was 2.4 bn pounds.
ADS Holders to Get Infy Annual Report Online
Infosys Technologies has announced that it will make its annual reports
available on its website in place of physical distribution. Infosys is utilizing
the new NASDAQ rule amendment, related to ADS holders, allowing additional
methods of disclosure for Nasdaq-listed companies. The company said that the
annual report on Form 20-F filed with the Securities and Exchange Commission on
April 30, 2008 together with the Indian Annual Report will be made available on
its website, www.infosys.com. As per the new rule amendment, the company will no
longer circulate physical copies of the Annual Report on Form 20-F or the Indian
annual report to ADS holders.
Riverbed Tops WAN Delivery Share: IDC
IDC has ranked Riverbed first in the worldwide market share for the WAN
application delivery market for the calendar year 2007. The research firms
reportWorldwide WAN Application Delivery 2007 Vendor Sharessays, Riverbed is
on a roll. It has built a solid solution that delivers the goods, and the
product is striking the right chord with customers. The future is bright for
WAN application delivery solutions. They have proven their merit and are more
than just a quick fix to slow applications on the WAN.
Byrraju Hosts National Rural BPO Conference
Byrraju Foundation, a non-profit organization, organized a national rural BPO
conference recently in Hyderabad. Hosted by GramIT, the rural BPO initiative of
the Foundation, the conference titled JYOTISMAYto illuminate the path forward
attracted various operating models of rural BPOs across the country. Kiran
Karnik, former Nasscom president, stressed the importance of the service sector
and knowledge economy to sustain Indias growth, especially for rural India. The
conference had representations from various states including Rajasthan,
Maharashtra, Karnataka, Tamil Nadu, Kerala and Andhra Pradesh.
Tejas Bags TEMA Award for Excellence
The Telecom Equipment Manufacturers Association (TEMA) has presented Tejas
Networks with the TEMA Award for Excellence. The award, presented to technology
developed in the country by Indian innovators, recognizes the outstanding
performance by a company for R&D. Union minister of Communications and IT A Raja
presented the award to Tejas.
6,000 Andhra Rural Youth to be Trained in IT
A technology university established under the Information Technology
department under the Institute for Electronic Governance (IEG) will begin its
first six-year integrated course exclusively for the rural youth in Andhra
Pradesh from August this year. The six-year integrated course will take students
who pass out from the tenth standard. There would be no entrance test with the
marks in SSC being the only criteria. The initial two years will be utilized for
enhancing technical and soft skills such as communication and language.
Bartronics Bets Big on Govt Schemes
Bartronics India, provider of automatic identification and data collection, is
trying to become an end-to-end solutions provider and is targeting many
government initiatives to boost business. The central government has proposed
the usage of smart cards for public distribution system, national rural
employment guarantee scheme, and old age pension. Currently, much of
Bartronicss revenues come from supplying smartcards to large telecom players
including Bharti and Reliance, an area the company would like to exit in the
future. The smart card manufacturing unit located near Hyderabad will get a
backward integration of chip modules later this year.
Airtel Customer Base Crosses 4 mn in Delhi
Bharti Airtel has crossed the 4 mn customer mark in Delhi. With this, Airtel
becomes the first and only mobile operator to achieve this milestone in a Metro
circle. The operator added the last million in just fourteen months. The company
said it would focus and build on its network, customer service and ensure
customer delight at every level in the year ahead. Airtel currently has a
network of cell sites across Delhi and NCR and plans to increase them by over
26% in FY 09.