TCS is going great as is Infosys! It seems that now that the Indian trio of Wipro, Infy, and TCS have their business model tuned up correctly, they are set to expand at a jet speed ahead!
TCS is now looking at 10 deals of $50 mn each! That is $500 mn just from 10 deals in the next FY! It took Indian companies YEARS to reach the $1 bn mark.. and there was enough celebration on that milestones.. now that seems like just a half yearly target by today’s standards!
Tata Consultancy Services has delivered a stellar set of numbers this quarter (Q3). The company posted a net profit of Rs 1104.7 crore (Rs 11.04 billion) versus Rs 991.5 crore (Rs 9.91 billion) in the previous quarter, increased by 11.41%.
Look at this scenario.. and imagine the economic effect of this scenario! Can you imagine if the rising and the growing societies of Asia united just as European societies have? How powerful would that block be!
A direct drive from anywhere in India to Vietnam. A train line from Delhi to Hanoi. Countries sharing energy resources — not just petroleum products, think foreign help during an electricity grid failure. Trade, financial bonding, cooperation in education, information-technology.
This is what the Indian PM Dr. Manmohan Singh is in Philippines for!
- BusinessBusiness StrategyGlobalizationIndiaTechnology
The telecom market in India is exploding! The analytic criteria that are used for analysis in the developed economies do not mean a thing in the emerging markets. Here is the “Fisherman Legend” that illustrates the irrelevance of the analytical techniques for developed economies in a place like India
A Mumbai fisherman used to sell his catch by going from house to house, visiting a circle of regular customers. Now, as he’s approaching shore, the fisherman calls his customers from his cell phone to see if they would like seafood for dinner. The cost of a cell phone amounts to a huge proportion of the fisherman’s income, analogous to what an American might spend on a car. But it’s worth it, because it boosts his income by letting him spend more time fishing and less time touring the neighborhood.
McKinsey Quarterly came out with a great article “Ten Trends to watch in 2006” (free registration required to read the article), where they discussed a lot of trends from the Macroeconomic level ro Business and Social and Environmental standpoints. These are true even today!!
They made some interesting projections like – Battlefield for Talent will shift – meaning that with 33 million university educated young professionals, the developing economies have more than twice the number of developed countries. So, the future organization is not to only think of material sourcing but also talent sourcing as a major part of its business strategy!
- Global WarmingGlobalizationIssuesPoliticsSpirituality
Industrial Society Destroys Mind and Environment
Dear Group Members,
I want to share my article with you. This is about the link between Mind and Social / Environmental-Issues. The fast-paced, consumerist lifestyle of Industrial Society is causing exponential rise in psychological problems besides destroying the environment. All issues are interlinked. Our Minds cannot be peaceful when attention-spans are down to nanoseconds, microseconds and milliseconds. Our Minds cannot be peaceful if we destroy Nature.
Industrial Society Destroys Mind and Environment.
Paul McDougall suggests that the employment is growing in the US IT sector as well as the Indian IT sector! This runs contrary to what the patriotic and xenophobic pundits like Lou Dobbs have been ranting about all along! So how come this is happening?
IT employment in the United States is growing even as more businesses outsource tech work overseas. Hudson, a professional staffing firm, reports in their July survey that hiring and pay in the tech sector is up, as is worker confidence. At the same time, India’s revenues from outsourcing are climbing–up 32% in the second quarter, according to an Indian trade group.
You may not be aware of it, living in the United States, but your world is increasingly being shaped by India.
Even if you’ve never been to India, eaten its food or watched its movies, there is a good chance you interact with it every day of your life.
It might be the place on the other end of that call you call you make if your luggage is lost on a connecting flight, or the guys to whom your company has outsourced its data processing. Every night, young radiologists in Bangalore read CT scans e-mailed to them by emergency-room doctors in the U.S.
Few Americans are surprised today to learn that their dentist or lawyer is of Indian origin, and the centrality of Indian brainpower to California’s high-tech industry has long been documented.
In ways big and small, Indians are changing the world, and may become even more influential in the decades ahead.
That’s because India — the second most populous nation in the world, and projected to be by 2015 the most populous — is itself being transformed. In the tradition of writers citing Asia’s “tiger” economies and the Chinese “dragon,” now comes the elephant.
India’s economy is growing more than 8 percent a year, and the country is modernizing so fast that old friends are bewildered by the changes that occur between visits.
Yet another company making India its outsourcing hub for Managed Services in Telecom this time. Nokia is moving its managed services work to India.
Global telecommunications giant Nokia on Monday announced shifting the hub of its global telecom network management services business to India from its home base in Finland.
"The managed services will be led globally from India from July this year. Asish Chowdhary, currently the head of networks in India, will transition as new global head of managed services from India by the end of this year," Rajeev Suri, Senior Vice Pesident, Asia Pacific (Networks) at Nokia said.
Is the unbelieveable finally about to happen? The plunge of the dollar and the world economy in a spin? Maybe.. who knows!?
The US dollar is plunging in world currency markets – and bringing down share prices in its wake.
But why is the dollar under pressure – and what would be the consequences for the US economy if it continues to fall?
Behind the problems of the dollar lies the huge and growing US trade deficit, and the large Federal budget deficit.
A fall in the greenback could hit Asian countries whose governments hold huge foreign currency reserves in dollars. For many years financial markets have worried about the growing size of the US trade deficit – the difference between the amount the US imports from the rest of the world, and the amount it can sell to the rest of the world.
A 1% growth in the World Services Exports is a very impressive performance! The trick will be to keep it that way!
A robust growth in merchandise exports in 2005 has resulted in India’s share in world exports to inch up to 0.9% from 0.8% in 2004. In services, India’s performance has been more impressive with its share in world services exports increasing to 2.8% in 2005 from 1.9% in 2004.
India’s world ranking as a merchandise exporter has gone up one slot in 2005 to 29 from 30 in 2004. As a service exporter, India is now ranked 10th in the world compared to the 16th position occupied in 2004.