Archive for the ‘Business World’ Category

Technology in Business

Wednesday, March 19th, 2008

The best way of businesses these days is using the best technology and devises such as electronically based services, which include e-commerce, e-mail and e-conferencing. Generally this is the best method and the easiest method of business because the information of businesses is stored on the web, making it easier for customers as well as the company to run their business. Local networks play a large role in companies as they can interact with other staff through the net, which is easier and save time and money. E mail is something which is growing by the day and is a part of every business and allows businesses to run smoothly.

Online Data Storage

Tuesday, March 18th, 2008

No matter what kind of business or work you may do, but it is very vital and useful to store information using online data storage. There are also many advantages of online data storage, such as protecting personal files, have a save record of those files, and being able to share files with others. But as well as having online storage date it is important to have a backup because in case of a burglary or a fire the system can be gone within minutes and having a hard copy on a disk is always useful. Another option is emails which are very useful and can store any kind of data and always remain accessible even though there is fire or the computer gets damaged.

Nifty will cross 30000 mark after March 2008

Saturday, November 17th, 2007

I know you must be thinking that even the 25000 mark looks a bit too far right now with nifty hoovering around the 19000 mark for some time now.

The reason I say it will take a massive jump in March-April 2008 is that the government of India has decided to invest in the equity market using the pensions funds which are a few thousand crores and that is a considerable amount and will push the markets to its limits. The only hurdle is that the government is still not decided how much to invest in debt market and how much for the equity market. I am hoping that even if 50% goes into the equity markets My investments are going to get doubld over night

VOIP in business

Friday, April 27th, 2007

VOIP is now being used in business’s a lot. It has become the latest item in businesses, and in the long term this saves the business a lot of money and hassle. At first there were only a few companies which used this service but now majority of business have this facility and service.

Microsoft sees billions from VoIP shift

Thursday, March 8th, 2007

Microsoft sees the shift by business organisations to Web-based phone systems running on software to generate “billions” of dollars in revenue for the company, a top executive said on Tuesday.The move to Web-based phone systems will gain momentum during the next three years and Microsoft’s new server software will transform the telecommunication system industry the way its Windows operating system changed the computer industry, said Jeff Raikes, president of Microsoft’s business division.

“You’re going to see history repeat itself,” said Raikes in an interview ahead of a keynote speech at VoiceCon Spring 2007, an industry conference for Web-based telephony.

Microsoft’s strategy in addressing the Voice over Internet Protocol (VoIP) business market differs from that of Cisco Systems Inc.  which is selling fully-integrated systems incorporating its network equipment with its own software.

On the other hand, Microsoft aims to create a distributed business model like the PC industry with its software at the centre. Last year, Microsoft and Nortel agreed on a broad alliance to address the VoIP market.

The software segment of a transformation to VoIP will grow to a $35 billion (18 billion pounds) to $40 billion market, according to Raikes, and Microsoft plans to get a piece of the action.

SBI

Friday, February 2nd, 2007

The staff at sbi uttam nager in New delhi is very rude and I found out today that none of them is ever willing to work and keep passing work from one table to the another and things just get piled up and stay there for ages.

I went there to see if my cheque which I deposited a few weeks ago have been cleared and the queue was pretty long so I just went to cash counter and thought I would take it all out and put it in my ICICI bank account and when it was my turn every thing seemed ok and the lady told me to wait for some time and after that it was all waiting and waiting and just waiting for 4 hours and thats how much time it took to find out that the funds havent arrived in my account.

I am going to close my account with SBI or may be just leave it to rot after taking out all my money.Will stay with icici as they are a bit more customer focused and this nonsense doesnt happen at thier branches.

Telecom sector to get $40 bn by 2010

Monday, January 1st, 2007

The domestic telecommunications sector is likely to get an additional $40 billion in investments by end of 2010, of which $15 billion would come in by the end of 2007.

An investment of an additional $25 billion would come in by 2010, according to a paper by the ministry of communications and IT.

The government was expecting an additional 250 million telephone, 18 million Internet and nine million broadband connections in 2007. This would require an additional investment of $15 million, the ministry said in a paper submitted to Rajya Sabha.

By 2010, there would be 500 million telephone connections, with 40 million Internet connections and 20 million broadband connections. This will require an additional investment of $25 billion in the next three-year period, it said.

As on September 2006, the country’s total telecom subscribers stood at around 171 million, representing a 15.4 per cent tele-density. The total investments in the telecom sector till date are estimated to around $25 billion.

It has over 136 million mobile subscribers as on November 30, and was recording a net addition of over 5 million every month.

According to analysts, the government’s 250 million subscriber target looks “achievable”, while the calculation of investment based on this growth also looks “feasible”.

Some of these investments would be used for setting up base transceiver stations (BTS) or cell sites, an infrastructure required to offer mobile calls.

The country requires an additional 2 lakh BTSes in the next couple of years, while at present there is an estimate 90,000 towers in the country.

According to the Telecom Regulatory Authority of India, “The capital costs for creating new infrastructures are formidable.”

It is estimated that 60 per cent of rollout costs of a mobile service is towards setting up of passive infrastructure and only 40 per cent is earmarked for active infrastructure and electronics.

Malaysian Airline Considering Job Cuts

Tuesday, May 23rd, 2006

Malaysian Airline System Bhd is Malaysia’s largest airline company. The latest incoming reports claim that the company is considering eliminating as many as 22 percent of its workforce.

This would be the biggest such job cut for the company and would help them turn around the company.

Malaysia Airline is considering cutting between 3,000 and 5,000 jobs. This could cost them as much as 850 million ringgit but is not expected to hurt the company’s earnings targets.

The company has posted losses for the last three quarters and is considering job cuts for the first time. They are also looking towards selling off assets and cutting costs through other means to return to profit by 2007 as part of a three-year business plan.

They are talking with Qatar Airways and have asked them to absorb 1,000 of its workers. The company is also seeking government loans of 4 billion ringgit to fund operations.

IBM Acquires Rembo Technology

Friday, May 19th, 2006

US based tech giants IBM (International Business Machines) has announced its decision to acquire Rembo Technology, a privately held Swiss software company.

The financial details of this deal were not revealed. Rembo is based in Geneva, Switzerland and they specialize in developing software that helps businesses automate the process of upgrading or install operating systems on servers or computers.

Rembo has an extensive client base of 800 customers, which include some big names like City of Munich and the International Committee of the Red Cross.

The deal is expected to be complete by the second quarter of the current year and IBM would be integrating Rembo operations with their Tivoli software division, led by Al Zollar.

The products would now be integrated in the IBM’s Virtualization Engine portfolio of software, hardware and services and the technology would be integrated in IBM Director software.

Toyota failing to meet the demand for new Camry

Tuesday, May 16th, 2006

Japanese automaker Toyota just recently launched the new Toyota Camry in the Indian market. However, they would not have expected the demand to go so high that they have to now stop taking further orders of this model in India to first meet up the existing booked orders lying with them.

Toyota Kirloskar Motors has been forced to take any more new orders of this car so that they don’t end up offend their customers by delaying the delivery of the car by a relatively long time. The company said that the production of the car is unable to match the grown demand in the market for their new model!

The existing orders have already resulted in a waiting period of three months for this model. The company said in a statement: “Demand for the Camry has already grown seven to eight times since the car was re-launched about two months ago. We have not been able to keep pace with the growth in demand and so are going slow on booking fresh orders.”

Toyota used to sell around 70-80 units of the car prior to the launch of the new model. With the launch of the new version, the company has already received orders for more than 500 units in the last 2 months.

The car is imported and is trying to get the deliveries increased to meet this growing demand from the consumer.

Orange To Cut Between 1800 - 2000 Jobs!

Friday, May 5th, 2006

UK based mobile phone company Orange has revealed their plans to cut as many as 1,800 to 2000 jobs. This is around 15% of their total workforce and the reason behind this job cut is to cut costs.

Orange Chief Executive Bernard Ghillebaert added that they would be releasing details on these job cuts in the next couple of months. He added that the cost savings would be determined over the next few months “and a final structure in place by September, but the new Orange must be lean and agile and our cost base needs to be lower.”

Ghillebaert said: “Specifically, we will be 15 percent leaner, resulting in significant annual savings and a streamlined, more efficient organization.”

Orange would be trying to cut these positions through redeployment and non-renewal of temporary contracts. However, actual job cuts are also possible. Their parent company France Telecom SA is also in the process of cutting as many as 17,000 jobs.

BMW Reports Record Profits

Wednesday, May 3rd, 2006

Germany based world’s largest maker of luxury cars BMW has come out with record profit figures in the most recent quarter. The company has gained from improved sales of their 3-series sedan car and also benefited from selling a stake in Rolls-Royce Group.

BMW’s first quarter net income rose 81 percent to 948 million euros. This is comprehensively higher than figures of 525 million euros, or 78 cents, a year earlier. Sales were up by around 12% at 11.6 billion euros.

Chief Executive Officer Helmut Panke said in a statement that the company is expecting to impress the markets with their performance this year as the demand for their 3-Series and X3 and X5 sport-utility vehicles has risen in the market.

BMW’s pretax profit was up by 58 percent to touch 1.3 billion euros in the quarter. The company gained 375 million-Euro from their offloading a stake in the London-based plane-engine maker Rolls- Royce to 2.77 percent from 9.02 percent.

Cathay Pacific Expands There Operations In India

Tuesday, May 2nd, 2006

Cathay Pacific has announced that they are expanding their operations in the Indian market. The company is expanding its cargo operations from India and is adding Chennai to its network besides Delhi and Mumbai.

Cathay believes India is one of the fastest growing cargo markets and it can benefit from being a major player in this segment. They would be launching direct freighter flights between Hong Kong and Chennai from next month and are already operating three cargo flights each week from Delhi and Mumbai.

They would be adding more routes in the near future as they add on newer planes into their fleet. Cathay is also planning to open up a new office at Jalandhar on Wednesday to cater to the needs of growing number of passengers from Punjab.

Cathay Pacific General Manager (Middle East, India and Africa) Tom Wright said in a statement that the company is already providing a “value for money” to consumers from India and are not looking at providing promotional fares or packages for the Indian traveler at the moment.

Ford Sales Down By 7%

Tuesday, May 2nd, 2006

US based automaker Ford Motors reported that its sales were down by 7% in the month of April. 

 

The company continues to suffer due to falling sales of its Sports Utility Vehicles as consumers today avoid purchasing gas-guzzling monsters and prefer to purchase fuel-efficient Japanese cars. 

 

Ford sold 262,722 vehicles last month, which is down from sales of 281,292 vehicles a year ago in the same month. 

 

The truck sales for the company were down by a massive 15%, which nullified the gains made in its car division. Ford cars sales were up by around 8%. Ford Explorer was one of the worst sufferers as its sales alone were down by 42 percent in April. 

 

Sales of Ford Expedition were down by 33 percent.

MTN To Acquire Investcom

Tuesday, May 2nd, 2006

South Africa based MTN has said that they are acquiring Investcom in a deal worth around $5.53 billion. This deal would result in an entity, which would be the biggest mobile telecoms operator in Africa and the Middle East. 

 

MTN is bidding $3.85 per share for 100 per cent of Investcom in a transaction. The deal would also see MTN’s presence growing from 11 to 21 countries and its subscriber base from 23 to 28 million. 

 

The deal would be conducted in an all cash transaction. The shareholders in Investcom would be given a cash and share alternative. MTN’s offer price is a 27.1 per cent premium over the $15.15 closing price of Investcom’s Shares last Friday. 

 

The worth of the combined entity would be around USD 23 billion which would dwarf the current market giants Orascom which is valued at USD 15 billion. 

 

However, the deal would see MTN making an entry into some volatile territories like Syria, Afghanistan, Yemen, and Sudan.

Boeing to acquire Aviall Inc. for $1.7 billion

Tuesday, May 2nd, 2006

US based airline manufacturer Boeing Co. has said that they are acquiring aerospace parts supplier Aviall Inc. This deal is going to cost them around $1.7 billion. 

 

The company is planning to expand its services as the last year saw record orders for the company from emerging aviation markets like China and India. 

 

This is also the first major deal for the company under its new chief executive James McNerney. 

 

Boeing received orders for a record number of 1,002 commercial plane orders in 2005. They would not be able to match this figure in the current year but the orders are good enough to keep the company busy for quite sometime. 

 

And with so many planes scheduled to be delivered in the coming years, Boeing believes that over the next few years supplying parts and maintaining existing planes will become more of an important part of their operations. 

Â