At a time when the world economy is facing the worst credit freeze in several decades, India attracted USD 2.7-billion FDI in January, up 58.8 per cent from a year ago, and remained a favourite destination for cross-border investments.
"January numbers are very good...it is an indication of the confidence that the rest of the world has in India," Secretary in the Department of Industrial Policy and Promotion Ajay Shankar said.
The foreign direct investment (FDI) inflows for the April-January period aggregated to USD 23.8 billion and is expected to cross the last year's target of USD 25 billion this fiscal.
Though the government had set a target of USD 35-billion FDI for 2008-09, it looked rather ambitious in the wake of the global downturn.
Up to September this fiscal, the monthly inflows were in excess of USD 2 billion. However, the following three months saw a sharp dip in the overseas investments.
The January figures bring a renewed hope that India is back on the radar of global investors.
Agencies
Monday, March 16, 2009
Sunday, March 15, 2009
Will Creative Technology layoff 300 jobs?
Struggling Singaporean digital entertainment products maker Creative Technology is to cut 300 jobs globally, mostly in Europe and the United States, the company said.
It said in a statement the company said that there would be a restructuring charge of 10 million dollars for severance payments and headcount cost reductions in the current third quarter ending March.
The Singapore-listed firm has struggled to make inroads against Apple's iconic iPod in the MP3 or digital music player market despite pumping in massive investments.
In the second quarter ended December 2008, Creative Technology racked up a net loss of 32.4 million dollars compared with a profit of 7.6 million dollars for the same period in the previous financial year.
Agencies
It said in a statement the company said that there would be a restructuring charge of 10 million dollars for severance payments and headcount cost reductions in the current third quarter ending March.
The Singapore-listed firm has struggled to make inroads against Apple's iconic iPod in the MP3 or digital music player market despite pumping in massive investments.
In the second quarter ended December 2008, Creative Technology racked up a net loss of 32.4 million dollars compared with a profit of 7.6 million dollars for the same period in the previous financial year.
Agencies
Cut costs & beat recession with cloud computing
The global recession is taking a toll on every industry and the construction industry is no exception. However, Aurigo Software Technologies, a provider of software and solutions for the construction and real estate, is offering companies its web-based products on a cloud computing model to save on huge IT expenditure.
Established in the US in 2003, Aurigo launched its solution BRIX for the Indian market in early 2008. Aurigo has three customers in India now - RDS Projects, IDEB and Navin Housing. All three companies have opted for the cloud computing model, thereby reducing their burden in managing the IT infrastructure, investing in the server hardware and software components and also on the power that is a huge expenditure.
Talking to CXOtoday, Balaji Sreenivasan, Founder and CEO of Aurigo Software, said, "Cloud computing is becoming a necessary requirement by customers seeking to deploy IT solutions even in the construction and real estate industries and is here to stay for the long haul."
Cloud computing helps companies and end-users access solutions without the hassle of having to invest in the computing power (hardware and software) required to run that solution internally. So if you are using gmail or hotmail to access your email, you are already a cloud computing proponent.
"As customers generally do not own the infrastructure, they merely access or rent, they can avoid capital expenditure and consume resources as a service, paying instead for what they use," said Sreenivasan. Many cloud computing offerings have adopted the utility computing model, which is analogous to how traditional utilities like electricity are consumed, while others are billed on a subscription basis.
Other benefits of time-sharing style approach are low barriers to entry, shared infrastructure and costs, low management overheads and immediate access to a broad range of applications.
In fact, IDEB's cloud computing model is expected to go live within the next six months, while RDS Projects, which has multiple projects spread across six locations in the country is expected to go live in the next 8 weeks. The remotely located and managed servers belong to various server farm providers that are highly secure, ISO 9001:200 certified and are located across India with overseas backup mirror locations with a committed 99.96% uptime.
Since these projects are yet to go live it would take a minimum of six months to one year to assess the actual ROI. However, BRIX is fairly well deployed across the US and at the Oregon Department of Transportation (ODOT), which is involved in a $3 billion bridge reconstruction, they have experienced a near 40% boost in productivity. This was measured by computing the reduced time to carry out inspections, transmit the data and increased information retrieval speed after deploying BRIX. The solution has been delivered on the cloud computing model with the entire solution being hosted on a central server and accessed by all the stakeholders at ODOT.
CXOtdoday
Established in the US in 2003, Aurigo launched its solution BRIX for the Indian market in early 2008. Aurigo has three customers in India now - RDS Projects, IDEB and Navin Housing. All three companies have opted for the cloud computing model, thereby reducing their burden in managing the IT infrastructure, investing in the server hardware and software components and also on the power that is a huge expenditure.
Talking to CXOtoday, Balaji Sreenivasan, Founder and CEO of Aurigo Software, said, "Cloud computing is becoming a necessary requirement by customers seeking to deploy IT solutions even in the construction and real estate industries and is here to stay for the long haul."
Cloud computing helps companies and end-users access solutions without the hassle of having to invest in the computing power (hardware and software) required to run that solution internally. So if you are using gmail or hotmail to access your email, you are already a cloud computing proponent.
"As customers generally do not own the infrastructure, they merely access or rent, they can avoid capital expenditure and consume resources as a service, paying instead for what they use," said Sreenivasan. Many cloud computing offerings have adopted the utility computing model, which is analogous to how traditional utilities like electricity are consumed, while others are billed on a subscription basis.
Other benefits of time-sharing style approach are low barriers to entry, shared infrastructure and costs, low management overheads and immediate access to a broad range of applications.
In fact, IDEB's cloud computing model is expected to go live within the next six months, while RDS Projects, which has multiple projects spread across six locations in the country is expected to go live in the next 8 weeks. The remotely located and managed servers belong to various server farm providers that are highly secure, ISO 9001:200 certified and are located across India with overseas backup mirror locations with a committed 99.96% uptime.
Since these projects are yet to go live it would take a minimum of six months to one year to assess the actual ROI. However, BRIX is fairly well deployed across the US and at the Oregon Department of Transportation (ODOT), which is involved in a $3 billion bridge reconstruction, they have experienced a near 40% boost in productivity. This was measured by computing the reduced time to carry out inspections, transmit the data and increased information retrieval speed after deploying BRIX. The solution has been delivered on the cloud computing model with the entire solution being hosted on a central server and accessed by all the stakeholders at ODOT.
CXOtdoday
Thursday, March 12, 2009
Sanjay Sharma Joins ACME Tele Power As VP
Sanjay Sharma has joined ACME Tele Power Limited as vice president and SBU Head for IT Solutions. In addition, Sharma will also be responsible for the sales and marketing function for the company's IT Solutions business globally.
Prior to this appointment, Sharma was vice president of the IT division at Samsung India.
Talking about his new assignment, Sharma said, "The ACME business is going through an exciting growth phase, where the company is looking at significantly enhancing its presence in India and overseas through Innovative energy solutions. I am happy to be associating with ACME at this time and look forward to an exciting and rewarding experience at ACME."
ACME Tele Power Ltd. (ATPL) provides comprehensive passive infrastructure solutions to wireless telecom players both in India as well as overseas. The company focuses on innovation and R&D. ATPL has developed a range of innovative products that help provide cost-effective, energy-efficient, integrated, passive infrastructure solutions to telecom companies.
Manoj Kumar Upadhyay, managing director, ATPL, said Sharma's appointment will give a fresh impetus and a new direction to the company's IT Solutions business. The company will benefit from his rich experience in India and overseas.
Sharma brings with him over 18 years of experience in the IT industry, of which the last three years were with Samsung and the pervious nine years have been with IBM Global Services. Within IBM he worked on various assignments in the solutions sales and marketing field, for the Indian and Asia-Pacific markets. Prior to his assignment at IBM, he worked with Multi Tech Computers, handling the channel sales function there.
Sharma holds a Bachelor's degree in telecommunications (1989), master of business administration (1991) and is an active member of IEEE and other computer societies. He has undergone professional training at Harvard Business School on strategy, sales and marketing methodologies.
CXOtoday
Prior to this appointment, Sharma was vice president of the IT division at Samsung India.
Talking about his new assignment, Sharma said, "The ACME business is going through an exciting growth phase, where the company is looking at significantly enhancing its presence in India and overseas through Innovative energy solutions. I am happy to be associating with ACME at this time and look forward to an exciting and rewarding experience at ACME."
ACME Tele Power Ltd. (ATPL) provides comprehensive passive infrastructure solutions to wireless telecom players both in India as well as overseas. The company focuses on innovation and R&D. ATPL has developed a range of innovative products that help provide cost-effective, energy-efficient, integrated, passive infrastructure solutions to telecom companies.
Manoj Kumar Upadhyay, managing director, ATPL, said Sharma's appointment will give a fresh impetus and a new direction to the company's IT Solutions business. The company will benefit from his rich experience in India and overseas.
Sharma brings with him over 18 years of experience in the IT industry, of which the last three years were with Samsung and the pervious nine years have been with IBM Global Services. Within IBM he worked on various assignments in the solutions sales and marketing field, for the Indian and Asia-Pacific markets. Prior to his assignment at IBM, he worked with Multi Tech Computers, handling the channel sales function there.
Sharma holds a Bachelor's degree in telecommunications (1989), master of business administration (1991) and is an active member of IEEE and other computer societies. He has undergone professional training at Harvard Business School on strategy, sales and marketing methodologies.
CXOtoday
Is Apple developing a touchscreen PC?
Apple will take third-quarter delivery of newly developed 10-inch touchscreens from Taiwan, a source said on Wednesday, amid talk the US firm is developing a touchscreen PC.
Taiwan touchscreen specialist Wintek already makes small screens for Apple iPhones, and has received orders for the larger ones that are roughly the same size as those used in mini PCs, said the source close to the Taiwan firm. He asked not to be identified because he was not authorized to talk to the media.
He added that he did not know what the final product would be, or who would make it.
Wintek spokesman James Chen confirmed Apple was a major client of his company, but declined to comment on any new product development.
Taiwan media reported this week that Apple, which has brought touchscreens to the forefront with the success of its iPhones, is currently developing a touchscreen PC, as lines begin to blur between sophisticated smartphones and traditional PCs.
Some of those reports have said that Taiwan's Quanta Computer, the world's top contract laptop PC maker, would manufacture the actual PCs for Apple.
Apple's Hong Kong spokeswoman, Jill Tan, said the company did not comment on market speculation, while a Quanta spokeswoman also declined to comment.
Agencies
Taiwan touchscreen specialist Wintek already makes small screens for Apple iPhones, and has received orders for the larger ones that are roughly the same size as those used in mini PCs, said the source close to the Taiwan firm. He asked not to be identified because he was not authorized to talk to the media.
He added that he did not know what the final product would be, or who would make it.
Wintek spokesman James Chen confirmed Apple was a major client of his company, but declined to comment on any new product development.
Taiwan media reported this week that Apple, which has brought touchscreens to the forefront with the success of its iPhones, is currently developing a touchscreen PC, as lines begin to blur between sophisticated smartphones and traditional PCs.
Some of those reports have said that Taiwan's Quanta Computer, the world's top contract laptop PC maker, would manufacture the actual PCs for Apple.
Apple's Hong Kong spokeswoman, Jill Tan, said the company did not comment on market speculation, while a Quanta spokeswoman also declined to comment.
Agencies
Wednesday, March 11, 2009
Smaller, 4-gigabyte Apple iPod shuffle launched
Apple Inc. unveiled a minuscule new iPod Shuffle on Wednesday that takes its "smaller is better" mantra to a whole new level.
The third-generation Shuffle, a slim aluminum rectangle less than 2 inches long, takes up about half as much space as the previous version even as it doubles music storage space to 4 gigabytes. To achieve such a tiny form, Apple had to remove most of the buttons from the body of the $79 device and build them into the headphone cord instead.
"Smaller has tended to work very well for us," said Greg Joswiak, a marketing vice president at Apple.
The trade-off for a sub-$100 Shuffle has always been the lack of a screen to visually navigate through the music stored on the device. The first generation Shuffle, which launched in 2005, could hold about 240 songs, arguably not enough to warrant a screen.
Now that the device can carry 1,000 songs, Apple has come up with a way for people to identify the music they're listening to or find songs they want. A new feature called VoiceOver can, at the push of a button, speak the song and artist name or rattle off the list of custom mixes — called playlists — that the owner has loaded onto the device.
Here's how it works: As you synchronize a new Shuffle using an updated version of iTunes, your PC or Mac looks at each track and playlist and creates a small file of a computerized voice speaking the title, artist or playlist name. If a song is in Spanish or Chinese, say, the software figures this out and speaks in the appropriate language. Apple says the device can handle 14 languages.
The new Shuffle, which comes in silver or black aluminum with a shiny stainless steel clip, is set to go on sale Thursday. Joswiak said Apple's own earphones will be the only option for early buyers, but that other companies plan to make compatible headphones as well as adapters for regular headphones.
Agencies
The third-generation Shuffle, a slim aluminum rectangle less than 2 inches long, takes up about half as much space as the previous version even as it doubles music storage space to 4 gigabytes. To achieve such a tiny form, Apple had to remove most of the buttons from the body of the $79 device and build them into the headphone cord instead.
"Smaller has tended to work very well for us," said Greg Joswiak, a marketing vice president at Apple.
The trade-off for a sub-$100 Shuffle has always been the lack of a screen to visually navigate through the music stored on the device. The first generation Shuffle, which launched in 2005, could hold about 240 songs, arguably not enough to warrant a screen.
Now that the device can carry 1,000 songs, Apple has come up with a way for people to identify the music they're listening to or find songs they want. A new feature called VoiceOver can, at the push of a button, speak the song and artist name or rattle off the list of custom mixes — called playlists — that the owner has loaded onto the device.
Here's how it works: As you synchronize a new Shuffle using an updated version of iTunes, your PC or Mac looks at each track and playlist and creates a small file of a computerized voice speaking the title, artist or playlist name. If a song is in Spanish or Chinese, say, the software figures this out and speaks in the appropriate language. Apple says the device can handle 14 languages.
The new Shuffle, which comes in silver or black aluminum with a shiny stainless steel clip, is set to go on sale Thursday. Joswiak said Apple's own earphones will be the only option for early buyers, but that other companies plan to make compatible headphones as well as adapters for regular headphones.
Agencies
What is hot in the memory chip sector?
Taiwan is setting up a new company to pull together six struggling computer memory chip makers and bring in technology from Japan's Elpida or US-based Micron in a sector suffering from its worst ever slump.
The government expects the move to fend off the industry's dominant players, Samsung Electronics and Hynix Semiconductor of South Korea.
Following are answers to key questions about the market for DRAM or dynamic random access memory:
What does this mean for the global industry?
The consolidation led by Taiwan will leave the $25 billion sector with four major DRAM makers globally -- Samsung, Hynix, "Taiwan Memory Co" and one other company that would be left out of the Taiwan consolidation (either Micron or Elpida).
The reshaped landscape might help Taiwanese suppliers -- which make nearly a quarter of all the world's DRAM memory chips -- to get a stronger grip on output, especially after companies recklessly built up output in the last many years. Elpida may need funds before the Taiwan plan can be implemented.
What is the outlook for Taiwanese chipmakers?
There's likely to be no impact in the short term because it will take about six months to set up the new company, while chipmakers, including ProMOS and Powerchip are still strapped for funds.
The government did not give any specifics on how the new company can bring local DRAM makers together, but any de-listing of a company in such a consolidation could face opposition from shareholders.
In the long term, some analysts say this move might force some of the debt-ridden chipmakers to consolidate their capacity into the new company. Taiwan Memory Co could become a centralised foundry and DRAM makers would diversify into sales and marketing.
The six chipmakers to be involved in the plan are: Powerchip, Nanya Technology, ProMOS, Inotera Memories -- joint venture between Nanya and Micron -- and Rexchip, unlisted joint venture between Powerchip and Elpida.
Is this a chance or threat for Samsung, Hynix?
Benefiting from more advanced production technologies, Korean makers such as Samsung and Hynix could further tighten their grip on the industry, while Taiwan Memory struggles to slowly integrate several companies and technologies into one entity.
Taiwan Memory could end up becoming a formidable threat to No. 2 Hynix, which may have to seek more funding for technology investments. Still, analysts say whether Taiwan's government can inject more funds into Taiwan Memory remains a question.
What is the outlook for DRAM prices?
Even after the government's move, any significant recovery in memory chip prices is unlikely in the short term. So far this year, memory chip prices have been flat but slumped about 50 per cent in the fourth quarter of last year as a global economic slowdown hurt spending on personal computers and other gadgets that use memory chips to store data.
Analysts' forecasts for global PC shipments in 2009 vary, but many expect sales to fall. Research firm IDC expects PC shipments to drop 4.5 per cent this year.
Agencies
The government expects the move to fend off the industry's dominant players, Samsung Electronics and Hynix Semiconductor of South Korea.
Following are answers to key questions about the market for DRAM or dynamic random access memory:
What does this mean for the global industry?
The consolidation led by Taiwan will leave the $25 billion sector with four major DRAM makers globally -- Samsung, Hynix, "Taiwan Memory Co" and one other company that would be left out of the Taiwan consolidation (either Micron or Elpida).
The reshaped landscape might help Taiwanese suppliers -- which make nearly a quarter of all the world's DRAM memory chips -- to get a stronger grip on output, especially after companies recklessly built up output in the last many years. Elpida may need funds before the Taiwan plan can be implemented.
What is the outlook for Taiwanese chipmakers?
There's likely to be no impact in the short term because it will take about six months to set up the new company, while chipmakers, including ProMOS and Powerchip are still strapped for funds.
The government did not give any specifics on how the new company can bring local DRAM makers together, but any de-listing of a company in such a consolidation could face opposition from shareholders.
In the long term, some analysts say this move might force some of the debt-ridden chipmakers to consolidate their capacity into the new company. Taiwan Memory Co could become a centralised foundry and DRAM makers would diversify into sales and marketing.
The six chipmakers to be involved in the plan are: Powerchip, Nanya Technology, ProMOS, Inotera Memories -- joint venture between Nanya and Micron -- and Rexchip, unlisted joint venture between Powerchip and Elpida.
Is this a chance or threat for Samsung, Hynix?
Benefiting from more advanced production technologies, Korean makers such as Samsung and Hynix could further tighten their grip on the industry, while Taiwan Memory struggles to slowly integrate several companies and technologies into one entity.
Taiwan Memory could end up becoming a formidable threat to No. 2 Hynix, which may have to seek more funding for technology investments. Still, analysts say whether Taiwan's government can inject more funds into Taiwan Memory remains a question.
What is the outlook for DRAM prices?
Even after the government's move, any significant recovery in memory chip prices is unlikely in the short term. So far this year, memory chip prices have been flat but slumped about 50 per cent in the fourth quarter of last year as a global economic slowdown hurt spending on personal computers and other gadgets that use memory chips to store data.
Analysts' forecasts for global PC shipments in 2009 vary, but many expect sales to fall. Research firm IDC expects PC shipments to drop 4.5 per cent this year.
Agencies
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