Nasscom, the apex body of IT software and services has lowered its 2012 forecast for the animation industry by 27.7 percent and gaming industry by 16.3 percent. It now expects revenues from the animation industry to touch $830 million against the earlier estimate of $1060 million and revenues from the gaming industry to touch $830 million against $1163 million.
In its press statement, Nasscom stated that this downward revision is largely on account of slackened demand due to the global economic downturn and the domestic box office for animation movies has not picked up as estimated, end-to-end skill sets not being developed in the animation services industry and proof of concept or IP creation not up to the expectations.
Som Mittal, President of Nasscom said, "NASSCOM recognizes this industry as a significant user of technology and can further showcase India's well established credentials in the IT Industry space. However, being in a nascent stage of development, it is critical for all stakeholders to come together and create an environment that nurtures this industry for it to be able to compete at a global scale."
The economic crisis has hurt the earnings of Indian IT companies with NASSCOM forecasting four to seven percent rise in India's software services and exports for the year to March 2010, sharply slower than the past years' robust growth.
Agencies
Sunday, August 30, 2009
Saturday, August 29, 2009
Can TCS earn $1 bn revenue from domestic market?
Country's top software exporter Tata Consultancy Services said that it aims to double its revenues from the Indian market to $1 billion in the next 3-4 years.
"India has been one of the important markets. We are looking at whether in next 3-4 years we can double our revenue to billion dollars in the Indian market," TCS CEO S Ramadorai said.
At present, the domestic market contributes 10 per cent to the total revenue.
"Every mission mode project (government) that would come on the radar, we will certainly bid for them. TCS is in talks for 3-4 such mission mode projects as of now," Ramadorai said.
"When we look at the domestic market we look at three pillars -- large enterprises, governments - both the central and state governments -- and the third is the small and medium businesses which are part of our overall growth," he added.
Of the three, he expects the large enterprises to contribute more than the other two, followed by the government and the SMB sector.
Agencies
"India has been one of the important markets. We are looking at whether in next 3-4 years we can double our revenue to billion dollars in the Indian market," TCS CEO S Ramadorai said.
At present, the domestic market contributes 10 per cent to the total revenue.
"Every mission mode project (government) that would come on the radar, we will certainly bid for them. TCS is in talks for 3-4 such mission mode projects as of now," Ramadorai said.
"When we look at the domestic market we look at three pillars -- large enterprises, governments - both the central and state governments -- and the third is the small and medium businesses which are part of our overall growth," he added.
Of the three, he expects the large enterprises to contribute more than the other two, followed by the government and the SMB sector.
Agencies
Has Apple unleashed Snow Leopard earlier into the wild?
Apple released its Snow Leopard into the wild a little early, while Microsoft revealed its release plans for Windows 7 this week.
Apple began shipping its newest operating system to customers on Friday, a little earlier than expected. Mac OS X Snow Leopard is not as much about adding new features as it is about refining the code in the operating system. For instance, according to Apple, 90 percent of the Mac OS X code has been worked on for the Snow Leopard release.
The CNET Reviews team took the new OS for a spin and gave it a rating of excellent in its review:
Interface enhancements like Expose in the Dock and better file and folder viewing in Stacks make finding apps and files much easier. A completely overhauled QuickTime X now sports a cleaner interface and recording tools. The much-anticipated Exchange support across Mail, the Address Book, and iCal is huge for those who take their Macs to work.
However, the team notes that Snow Leopard will work only on Intel-powered Macs; PowerPC users are out of luck.
Snow Leopard could include some features that would make it secure, or at least push it closer to the level of security that Vista and Windows 7 have, experts said this week.
Contrary to popular belief, Macintosh is not more secure from a software standpoint than modern Windows; it's merely safer to use because malware writers prefer to target the platform with the biggest install base, according to Charlie Miller and Dino Dai Zovi, co-authors of The Mac Hacker's Handbook, which came out this spring.
"Apple hasn't implemented all the security features that Vista has," Miller said. "They made some improvements in Leopard, but they are still behind."
Mac OS X Snow Leopard will cost $29 as an upgrade for Leopard users. For Mac OS X Tiger users, the Mac Box Set, which includes Mac OS X Snow Leopard, iLife '09 and iWork '09, will cost $169.
CNET.com
Apple began shipping its newest operating system to customers on Friday, a little earlier than expected. Mac OS X Snow Leopard is not as much about adding new features as it is about refining the code in the operating system. For instance, according to Apple, 90 percent of the Mac OS X code has been worked on for the Snow Leopard release.
The CNET Reviews team took the new OS for a spin and gave it a rating of excellent in its review:
Interface enhancements like Expose in the Dock and better file and folder viewing in Stacks make finding apps and files much easier. A completely overhauled QuickTime X now sports a cleaner interface and recording tools. The much-anticipated Exchange support across Mail, the Address Book, and iCal is huge for those who take their Macs to work.
However, the team notes that Snow Leopard will work only on Intel-powered Macs; PowerPC users are out of luck.
Snow Leopard could include some features that would make it secure, or at least push it closer to the level of security that Vista and Windows 7 have, experts said this week.
Contrary to popular belief, Macintosh is not more secure from a software standpoint than modern Windows; it's merely safer to use because malware writers prefer to target the platform with the biggest install base, according to Charlie Miller and Dino Dai Zovi, co-authors of The Mac Hacker's Handbook, which came out this spring.
"Apple hasn't implemented all the security features that Vista has," Miller said. "They made some improvements in Leopard, but they are still behind."
Mac OS X Snow Leopard will cost $29 as an upgrade for Leopard users. For Mac OS X Tiger users, the Mac Box Set, which includes Mac OS X Snow Leopard, iLife '09 and iWork '09, will cost $169.
CNET.com
Friday, August 28, 2009
Mahindra Satyam BPO on a hiring spree; To hire 300 by Sept
At a time when software firm Mahindra Satyam is rationalising its headcount, its BPO arm seems to be on a hiring spree with plans to recruit 300 employees by the next month.
The company has recently bagged a major contract from a domestic client for providing it back office support.
“To support the client we have already hired 700 employees in the last one month and will hire another 300 by the end of next month," Mahindra Satyam BPO CEO Vijay
Rangineni said.
However, he declined to divulge the name of the new client or the deal size. According to sources, the new win is in the telecom space.
The total headcount of the company after the recruitment would stand at 2,900. Though the parent firm Mahindra Satyam have a considerable presence in the domestic market, this is the first major win by Mahindra Satyam BPO in the domestic space.
Rangineni further said the company would now focus on the sizeable domestic market.
"Post the acquisition by Tech Mahindra, we now have a footprint globally and will leverage the strengths of Tech Mahindra wherever they are present," he said.
Mahindra Satyam BPO has one delivery centre each in Hyderabad, Bangalore, Chennai and Pune. The company, however, do not have a global delivery centre so far.
Agencies
The company has recently bagged a major contract from a domestic client for providing it back office support.
“To support the client we have already hired 700 employees in the last one month and will hire another 300 by the end of next month," Mahindra Satyam BPO CEO Vijay
Rangineni said.
However, he declined to divulge the name of the new client or the deal size. According to sources, the new win is in the telecom space.
The total headcount of the company after the recruitment would stand at 2,900. Though the parent firm Mahindra Satyam have a considerable presence in the domestic market, this is the first major win by Mahindra Satyam BPO in the domestic space.
Rangineni further said the company would now focus on the sizeable domestic market.
"Post the acquisition by Tech Mahindra, we now have a footprint globally and will leverage the strengths of Tech Mahindra wherever they are present," he said.
Mahindra Satyam BPO has one delivery centre each in Hyderabad, Bangalore, Chennai and Pune. The company, however, do not have a global delivery centre so far.
Agencies
Will Nissan unit shift from UK to Chennai lead to job losses?
Japanese major Nissan has decided to shift the entire production of its small car Micra from the UK and relocate it to India. After production of the Micra begins here, Nissan plans to manufacture four more models in India, involving a total investment of over Rs 2,000 crore.
The move underlines the rush among automakers to rationalise production costs and move to locations that offer the best value and quality. “We have decided to shift the production of the Micra compact car from our UK plant and manufacture it in India at our upcoming factory at Oragadam, near Chennai,” Nissan India MD and CEO Kiminobu Tokuyama told TOI here.
The company’s Chennai plant will start production from May next year, and the export markets would be catered to from autumn, Tokuyama said. Nissan, he said, plans to meet Micra’s requirements for the entire European region as well as some other markets like Middle-East from the Chennai plant. “We plan to initially start with export volumes of 1.1 lakh units, which would be gradually scaled up to 1.8 lakh units as demand goes up,” Tokuyama said. But what has prompted the company to take such a step, uprooting manufacturing presence from an established base and shifting to an all-new location. “There are many benefits to count in India, and these include a high-quality vendor base that is also cost effectiveness, leading to globally-competitive pricing,” Tokuyama said. Also, the technological skills in India are of a high quality, he added.
Nissan’s move points to the growing importance of India in small car manufacturing, which was initiated by the Government by way of lower manufacturing tax (excise duty) on them. The rising scale of small car production in India also sweetens the deal in favour of the country as component makers have improved on quality and scale, making them a safe and a reliable bet. Lower wages in the market, and relatively high engineering skills, is another big advantage that attracts companies.
Times of India/Agencies
The move underlines the rush among automakers to rationalise production costs and move to locations that offer the best value and quality. “We have decided to shift the production of the Micra compact car from our UK plant and manufacture it in India at our upcoming factory at Oragadam, near Chennai,” Nissan India MD and CEO Kiminobu Tokuyama told TOI here.
The company’s Chennai plant will start production from May next year, and the export markets would be catered to from autumn, Tokuyama said. Nissan, he said, plans to meet Micra’s requirements for the entire European region as well as some other markets like Middle-East from the Chennai plant. “We plan to initially start with export volumes of 1.1 lakh units, which would be gradually scaled up to 1.8 lakh units as demand goes up,” Tokuyama said. But what has prompted the company to take such a step, uprooting manufacturing presence from an established base and shifting to an all-new location. “There are many benefits to count in India, and these include a high-quality vendor base that is also cost effectiveness, leading to globally-competitive pricing,” Tokuyama said. Also, the technological skills in India are of a high quality, he added.
Nissan’s move points to the growing importance of India in small car manufacturing, which was initiated by the Government by way of lower manufacturing tax (excise duty) on them. The rising scale of small car production in India also sweetens the deal in favour of the country as component makers have improved on quality and scale, making them a safe and a reliable bet. Lower wages in the market, and relatively high engineering skills, is another big advantage that attracts companies.
Times of India/Agencies
Japanese cos NEC, Hitachi, Casio to merge for mobile operations
Japan's NEC Corp, Hitachi Ltd and Casio Computer Co are in talks to merge their struggling mobile phone manufacturing operations to create Japan's No 2 handset maker, the Yomiuri daily reported on Friday.
Loss-making NEC could hive off its mobile operations and merge it with an existing joint venture between Hitachi and Casio to together develop handsets, or the three could merge their mobile phone production operations, the newspaper said without citing sources.
NEC would be likely to hold a majority of the new firm, it said. The three are struggling in Japan's saturated cellphone market and mounting development costs, said to be about 10 billion yen ($107 million) per handset. In the year ended in March, Sharp Corp controlled over one-fifth of Japan's handset market, followed by Panasonic Corp.
Agencies
Loss-making NEC could hive off its mobile operations and merge it with an existing joint venture between Hitachi and Casio to together develop handsets, or the three could merge their mobile phone production operations, the newspaper said without citing sources.
NEC would be likely to hold a majority of the new firm, it said. The three are struggling in Japan's saturated cellphone market and mounting development costs, said to be about 10 billion yen ($107 million) per handset. In the year ended in March, Sharp Corp controlled over one-fifth of Japan's handset market, followed by Panasonic Corp.
Agencies
Indian firms to shift to Cloud services, says IDC report
Around 40 percent of Indian enterprises are considering the adoption of cloud services to save costs and compete in the challenging market environment reveals, an IDC report. Currently only five percent of the Indian enterprises have adopted cloud technology. "The main reason in India that is driving the interest towards cloud technologies, is its cost-cutting potential," says Surajit Sen, Director Channels, Marketing and Alliances at NetApp India, a storage and data management solutions provider.
Looking at the growing demand for cloud computing, NetApp has unveiled certain enhancements to its storage line. The company is particularly bullish on the Indian market, which is showing more interest to adopt cloud technologies.
"As the technologies supporting cloud computing have improved, the adoption is also set to grow now," said Alok Bardiya, Vice President, Managed Services and Marketing at Tata Communications, which is a cloud computing service provider in India. NetApp is the technology partner for Tata Communications, which has over a million square feet of datacenters around the globe including six datacenters in India.
NetApp unveiled the latest version of its Data ONTAP cloud platform called Data ONTAP 8. According to Sen, the Data ONTAP 8 is a combination of the earlier platforms Data ONTAP 7G and Data ONTAP GX. With this product offering, the company aims to increase the demand for cloud technologies in markets like India.
The Data ONTAP 8 comes with enhancements such as a new technology for seamlessly moving complete data volumes across multiple storage systems called Data Motion. Other enhancements include a new version of its add-on modules for increasing storage performance, an improved end to end multi-tenancy for better security and a new high-density capacity expansion device for its storage appliances.
Agencies
Looking at the growing demand for cloud computing, NetApp has unveiled certain enhancements to its storage line. The company is particularly bullish on the Indian market, which is showing more interest to adopt cloud technologies.
"As the technologies supporting cloud computing have improved, the adoption is also set to grow now," said Alok Bardiya, Vice President, Managed Services and Marketing at Tata Communications, which is a cloud computing service provider in India. NetApp is the technology partner for Tata Communications, which has over a million square feet of datacenters around the globe including six datacenters in India.
NetApp unveiled the latest version of its Data ONTAP cloud platform called Data ONTAP 8. According to Sen, the Data ONTAP 8 is a combination of the earlier platforms Data ONTAP 7G and Data ONTAP GX. With this product offering, the company aims to increase the demand for cloud technologies in markets like India.
The Data ONTAP 8 comes with enhancements such as a new technology for seamlessly moving complete data volumes across multiple storage systems called Data Motion. Other enhancements include a new version of its add-on modules for increasing storage performance, an improved end to end multi-tenancy for better security and a new high-density capacity expansion device for its storage appliances.
Agencies
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