 |
|
India can achieve 10-11 p.c. GDP growth
MORE
[+] |
|
| |
| 05. INFOTECH |
"SCIENCE EXPRESS" LAUNCHED |
Prime Minister Manmohan Singh launched a "Science Express", an exhibition which is the result of a partnership in science and technology between India and Germany.
Flagging off the "Science Express", a special exhibition mounted on a train at Safdarjung Railway Station, along with German Chancellor Angela Merkel, Singh said: "It will symbolise the exciting partnership between our scientists that befits the 21st century. It will symbolise and showcase our cooperation in the popularisation of science and its importance to our relationship." |
The Prime Minister, Dr. Manmohan Singh and the Chancellor of Germany, Ms. Angela Merkel at the flagging off, of the Science Express, in New Delhi on October 30, 2007. |
The Science Express will travel through 57 cities across the country for over seven months and will display important challenges in science, the future of research and reach different target groups especially students and young researchers. Many organisations from Germany and India are associated with the exhibition on train which would be available for counselling and guidance of interested youth at each halt. It has large screen displays for audio-visual experience, interactive computers and many other attractions in each of the coaches. The exhibition seeks to address issues from micro-cosmos to macro-cosmos through twelve stories. |
|
|
E-COMMERCE IS US$ 2.33 BILLION MART IN INDIA
The e-commerce market in India is expected to touch Rs 9,210 crore by the end of FY2007-08. This segment had an estimated market size of Rs 7,080 crore at the end of 2006-07 and is expected to grow at an average rate of 30 per cent in 2007-08, according to a survey conducted by the Internet and Mobile Association of India (IAMAI) and Indian Market Research Bureau (IMRB). |
Among the various businesses, online travel segment leads the pack. It is expected to grow at the rate of 30 per cent and reach Rs 7,000 crore by the end of 2007-08. This would be followed by Online Classifieds, which is projected to reach Rs 820 crore. eTailing (online retail) stood at Rs 850 crore in the year 2006-07 and is expected to be a Rs 1,105 crore industry at the end of 2007-08. Digital downloads and paid content accounted for the rest. |
According to the study, the three major triggers of e-Commerce in India were saving of time, convenience associated with shopping at home and the availability of a range of products. However, the report also highlighted hurdles to growth such as product quality, the ability to bargain and security issues with regard to e-transactions.
Dr Subho Ray, President, IAMAI, said, “Consumer e-commerce is a major driver of the economy and we are happy that it has achieved a very decent size in India. It is perhaps the only sector which has operated under, sometimes, hostile and at all other times indifferent policy environment.” The report further points out that in India, shopping is an experience itself. The recent growth in malls and hypermarkets only corroborates this fact. Thus, e-Commerce has to bank on the convenience and discount platform as there is no way that it can compete with the offline platforms on the experience provided.
By the end of 2007-08, the contribution from the non-metros is expected to increase, said the report. This change would be bought about by higher internet penetration in small towns and limited reach of physical distribution channels of established sellers. These factors, coupled with higher disposable income, would compel the net users in these towns to buy online.
Source: Business Standard |
| |
INFOSYS REVENUES CROSS $1 BILLION IN Q2 |
Software major Infosys achieved a milestone by crossing one billion dollar revenue for the quarter ended September 30, registering an year-on-year growth of 18.4 per cent.The Bangalore-headquartered company earned a net profit of Rs 1,100 crore after tax during the period, against Rs 929 crore for the same quarter last year. |
"We have achieved another milestone by crossing one billion dollar revenues in this quarter," Infosys CEO and MD S Gopalakrishanan said in Bangalore.
"In an increasingly flat world, our unique business model combined with our value proposition continued to help our clients grow profitably," he said here while announcing the second quarter results of the Nasdaq listed company. Infosys and its subsidiaries added 48 new clients during this quarter.
The company recorded Rs 4,106 income for the second quarter (Q2) registering a growth of 19 per cent. |
Its earning per share increased to Rs 19.26 from Rs 16.75 for the corresponding quarter in the previous year, registering an year-on-year growth of 15 per cent. Infosys declared an interim dividend of Rs 6 per share (120 per cent).
The company and its subsidiaries reported a gross addition of 8,543 employees for the Q2 and its total workforce stood at 85,501 as on September 30, 2007.
The Q2 revenues grew sequentially by 8.8 per cent. Annual guidance value has been revised upwards, Infosys said. Going forward the company expects its revenue to grow 19.4-20 per cent in fiscal 2008.
Source : The Financial Express |
|
|
|
|
|
