As top Chinese enterprises such as Bank of China and China Telecom seek to globalise their operations, they are increasingly turning to multinational and Indian outsourcing firms, including IBM and TCS, for deploying and maintaining standard software solutions, giving them an edge over local service providers.
In many ways, Chinese customers’ shift towards global and Indian vendors is reminiscent of how top Indian customers such as Bharti Airtel preferred an IBM over domestic suppliers around two decades ago for modernising their IT and business systems.
While state-owned and local Chinese software services suppliers, such as Digital China Holdings and Neusoft, continue to work with the country’s large customers, IBM along with TCS and others are being preferred for large, complex outsourcing contracts by customers such as China Telecom and Bank of China.
“A fragmented local vendor landscape and a domestic market dominated by wholly foreign-owned enterprise customers means that it will be the major western and Indian outsourcing vendors that will reap the rewards,” said Patrick O’Brien, senior analyst at the UK-based research firm Ovum. “Apart from scale, local service providers also lack experience in handling large outsourcing contracts, something global and Indian firms are really good at,” he added.
While IBM earned nearly $690 million from China’s almost $10-billion IT services market last year, both TCS and Wipro have started making progress as well. TCS on its part, has recently won several large contracts beating local Chinese rivals, including over $100-million deal for implementing a core banking at Bank of China.
Tuesday, November 24, 2009
Monday, November 23, 2009
Modi invites Maruti to set up plant in state
Gujarat Chief Minister Narendra Modi on Sunday invited Maruti Suzuki India Limited (MSIL) to set up a car manufacturing facility in Gujarat. Modi, after inaugurating the AGIDTR set up by the state government and MSIL here, said he wanted to give a business advice to Maruti. “Gujarat has General Motors and Nano, why not Maruti?” Modi said, pointing out that MSIL manufactures cars at Haryana which are then brought to Gujarat’s Mundra port for exports. “Would any Gujarati make such a mistake? They (cars) should be manufactured and exported from here.” He added that with the construction of Mumbai-Delhi Industrial Corridor with active participation of Japan and arrival of a number of Japanese companies with a view to invest in Gujarat, MSIL should also establish their car unit in Gujarat. MSIL’s managing director and CEO Shinzo Nakanishi on his part said that MSIL is expecting export business to further grow this year. “Last year, we had exported 70,000 units whereas this year we hope to exceed one lakh units,” said Nakanishi.
Thursday, November 19, 2009
Blast outside Peshawar judicial complex kills 15, injures 22
At least 15 were reportedly killed and 22 others injured in a powerful explosion outside a court building in Peshawar on Thursday morning.
According to security officials, the blast occurred near the main entrance of the judicial complex, which is situated on Khyber Road.
Police have cordoned-off the area and injured have been admitted to the Lady Reading Hospital here.
Eyewitnesses said the blast occurred in a car parked adjacent to the building. However, unconfirmed reports said it was a suicide attack.
A large number of lawyers were present inside the complex at the time of the explosion.
Television footage showed the mangled remains of several vehicles parked nearby.
Fire tenders and other emergency services were pressed into service immediately after the blast.
Security officials have cordoned-off the area and launched a massive search and combing operation.
According to security officials, the blast occurred near the main entrance of the judicial complex, which is situated on Khyber Road.
Police have cordoned-off the area and injured have been admitted to the Lady Reading Hospital here.
Eyewitnesses said the blast occurred in a car parked adjacent to the building. However, unconfirmed reports said it was a suicide attack.
A large number of lawyers were present inside the complex at the time of the explosion.
Television footage showed the mangled remains of several vehicles parked nearby.
Fire tenders and other emergency services were pressed into service immediately after the blast.
Security officials have cordoned-off the area and launched a massive search and combing operation.
Wednesday, November 18, 2009
VISION AND MISSION OF RELIANCE ENERGY
VISION
To be amongst the most admired and most trusted integrated utility companies in the world,delivering reliable and quality products and services to all customers at competitive costs,with international standards of customer care -thereby creating superior value for all stakeholders.
To set new benchmarks in standards of corporate performance and governance through the pursuit of operational and financial excellence,responsible citizenship and profitable growth.
MISSION: Excellence in Infrastructure
To attain global best practices and become a world-class utility.
To create world-class assets and infrastructure to provide the platform for faster, consistent growth for India to become a major world economic power.
To achieve excellence in service, quality, reliability, safety and customer care.
To earn the trust and confidence of all customers and stakeholders and by exceeding their expectations, make the company a respected household name.
To work with vigour,dedication and innovation,with total customer satisfaction as the ultimate goal.
To consistently achieve high growth with the highest levels of productivity.
To be a technology driven, efficient and financially sound organization.
To be a responsible corporate citizen, nurturing human values and concern for society, the environment and above all, people.
To contribute towards community development and nation building.
To promote a work culture that fosters individual growth, team spirit and creativity to overcome challenges and attain goals.
To encourage ideas, talent and value systems.
To uphold the guiding principles of trust, integrity and transparency in all aspects of interactions and dealings.
To be amongst the most admired and most trusted integrated utility companies in the world,delivering reliable and quality products and services to all customers at competitive costs,with international standards of customer care -thereby creating superior value for all stakeholders.
To set new benchmarks in standards of corporate performance and governance through the pursuit of operational and financial excellence,responsible citizenship and profitable growth.
MISSION: Excellence in Infrastructure
To attain global best practices and become a world-class utility.
To create world-class assets and infrastructure to provide the platform for faster, consistent growth for India to become a major world economic power.
To achieve excellence in service, quality, reliability, safety and customer care.
To earn the trust and confidence of all customers and stakeholders and by exceeding their expectations, make the company a respected household name.
To work with vigour,dedication and innovation,with total customer satisfaction as the ultimate goal.
To consistently achieve high growth with the highest levels of productivity.
To be a technology driven, efficient and financially sound organization.
To be a responsible corporate citizen, nurturing human values and concern for society, the environment and above all, people.
To contribute towards community development and nation building.
To promote a work culture that fosters individual growth, team spirit and creativity to overcome challenges and attain goals.
To encourage ideas, talent and value systems.
To uphold the guiding principles of trust, integrity and transparency in all aspects of interactions and dealings.
Mahindra Satyam rejects Rs 1,230-cr claims
Mahindra Satyam on Tuesday rejected claims worth Rs 1,230 crore made by 37 companies linked to the company’s former promoter B Ramalinga Raju in a filing to the stock exchange. The company said the claims were legally untenable. Satyam received letters from these 37 companies reclaiming the money a day after Raju confessed to the Rs 7,000-crore fraud.
Raju, in his confession statement, said he owed Rs 1,230 crore to some of the privately-owned companies of the Raju family who had loaned out money to the IT firm. He said the amount was an understated liability and was not stated in the books of the firm that were dressed for seven years.
A Satyam spokesperson said the companies sent legal notices to Satyam two weeks ago. The notices claim the money back to allegedly repay their creditors, some of whom include Maytas Properties and Maytas Infra.
However, the information pack given to the bidders has listed this only as a claim and not a liability since there are no entries in the company’s books.
After Raju’s disclosure about financial wrongdoings, the Indian government had superseded the company’s board appointing its nominees to monitor the fraud-struck firm’s bidding process. Tech Mahindra emerged as the highest bidder and acquired control of Satyam in April this year.
Raju, in his confession statement, said he owed Rs 1,230 crore to some of the privately-owned companies of the Raju family who had loaned out money to the IT firm. He said the amount was an understated liability and was not stated in the books of the firm that were dressed for seven years.
A Satyam spokesperson said the companies sent legal notices to Satyam two weeks ago. The notices claim the money back to allegedly repay their creditors, some of whom include Maytas Properties and Maytas Infra.
However, the information pack given to the bidders has listed this only as a claim and not a liability since there are no entries in the company’s books.
After Raju’s disclosure about financial wrongdoings, the Indian government had superseded the company’s board appointing its nominees to monitor the fraud-struck firm’s bidding process. Tech Mahindra emerged as the highest bidder and acquired control of Satyam in April this year.
Tuesday, November 17, 2009
BHEL to set up power plant in central India
Top Indian power-equipment maker Bharat Heavy Electricals said on Wednesday it has signed a joint-venture pact to build a 1,600 megawatt (MW) thermal power plant in the central state of Madhya Pradesh.
The power plant at Khandwa will be equipped with supercritical technology, which helps lower coal consumption and leads to lower emissions. State utility Madhya Pradesh Power Generation Co Ltd and BHEL will initially have an equal share in the joint venture.
Their stakes will later be diluted to 26 percent each, with the rest held by financial institutions and other partners, BHEL said. BHEL has been promoting joint ventures with state utilities to set up and operate supercritical thermal power plants.
It has set up joint ventures with the southern states of Tamil Nadu and Karnataka. Earlier this month, leading Indian power producer NTPC said it would set up a 2,640 megawatt (MW) thermal power plant under a pact with the Madhya Pradesh state government and the MP Power Trading Co.
The power plant at Khandwa will be equipped with supercritical technology, which helps lower coal consumption and leads to lower emissions. State utility Madhya Pradesh Power Generation Co Ltd and BHEL will initially have an equal share in the joint venture.
Their stakes will later be diluted to 26 percent each, with the rest held by financial institutions and other partners, BHEL said. BHEL has been promoting joint ventures with state utilities to set up and operate supercritical thermal power plants.
It has set up joint ventures with the southern states of Tamil Nadu and Karnataka. Earlier this month, leading Indian power producer NTPC said it would set up a 2,640 megawatt (MW) thermal power plant under a pact with the Madhya Pradesh state government and the MP Power Trading Co.
Monday, November 16, 2009
Accentia to add 2K jobs at techno-lodges
The Kerala IT department’s decision to roll out techno-lodges, making IT infrastructure available at the panchayat level, has drawn instant interest from the industry, with Accentia Technologies announcing that it intends to add 2,000 jobs to be based out of these techno-lodges. Accentia CEO Pradeep Viswambharan said his company planned to create these jobs across the villages of Kerala where the IT department and the local panchayats would develop requisite infrastructure for the IT industry. Healthcare receivables cycle management (HRCM) major Accentia, based at the Technopark here, had recently commenced operations from the UK, with the objective of tapping potential markets in Northern Ireland, England and Scotland. The first two of the techno-lodges in Kerala, both located in Kollam district, have been fully taken up by Accentia Technologies. Mr Viswambharan said the company would base its production centers at these lodges and that all openings generated in these centers would be given to graduates from the respective villages. He said the company was willing to take up more space at the upcoming techno-lodges, and that the political leadership had promised an environment free of hartals in these villages. Accentia has a presence in Oregon and New Jersey, US and in Ras Al Khaimah, UAE besides over half a dozen cities in India.
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