Mahindra Satyam is expanding its operations in Malaysia by moving more software development and delivery operations to its solution centre in that country, the IT bellwether said Tuesday.
In a regulatory statement, the company said it would enlarge its Global Solution Centre in Kuala Lumpur by moving more global software development and delivery operations there.
The centre is located in Cyberjaya, a prominent information technology corridor in Malaysia.
The state-of-the-art solution centre, which has a 1,100-seat development block and a data centre to host 1,100 servers, will serve as Mahindra Satyam's largest technology development and delivery facility outside India.
At present, the centre has 500 full-time local engineers serving local and global customers.
"Selecting Malaysia to launch our international expansion underscores the faith we continue to have in Malaysia's advanced infrastructure, rich talent pool, and competitive cost environment," Satyam's senior vice-president (Asia Pacific) Rohit Gandhi said.
In June this year, the Hyderabad-based firm, formerly known as Satyam Computer Services, was acquired by Tech Mahindra, the IT services arm of the Mahindra group, after its founder B. Ramalinga Raju confessed to manipulating the company's accounts for several years.
Mahindra Satyam has development and delivery centres in many countries including the US, Canada, Brazil, Britain, the United Arab Emirates (UAE) and China.
Tuesday, December 1, 2009
TVS logs 23 percent sales increase in November
The country's third largest two-wheeler company TVS Motor registered sales of 120,844 units last month, an increase of 23 percent over the 98,402 units sold in November last year.
In the domestic market, the company sold 106,836 units as against 77,491 units in the like month in 2008, it said in a statement Tuesday.
TVS logged most of its volume growth from moped sales -- 36,641 units as against 14,005 units in November 2008.
Its scooter sales stood at 25,115, an increase of 6,905 units over that of November 2008 sales.
The company saw a dip in motorcycle sales to 45,080 units from 45,276 units in the corresponding month last year.
Exports too fell to 14,008 units as compared to 20,011 units in the year-ago period.
In the domestic market, the company sold 106,836 units as against 77,491 units in the like month in 2008, it said in a statement Tuesday.
TVS logged most of its volume growth from moped sales -- 36,641 units as against 14,005 units in November 2008.
Its scooter sales stood at 25,115, an increase of 6,905 units over that of November 2008 sales.
The company saw a dip in motorcycle sales to 45,080 units from 45,276 units in the corresponding month last year.
Exports too fell to 14,008 units as compared to 20,011 units in the year-ago period.
Delhi again among 10 most expensive office markets
Delhi has again joined the list of 10 cities worldwide that command the highest rentals for office space, says a report released Tuesday by global realty consultancy CB Richard Ellis.
Mumbai dropped one place to the seventh position, the report titled "The Semi-Annual Global Office Rents" added.
"While Mumbai continues to remain in the top 10, Delhi has re-joined the top 10 ranking of most expensive office markets after two years," said Anshuman Magazine, chairman and managing director, CB Richard Ellis South Asia.
"Although the rentals in the Delhi central business district have remained stable for the past six months, it has moved up to the 10th position primarily due to other global cities declining significantly in office rentals," Magazine said.
Delhi moved up from 12th to 10th position, while London reclaimed its position as the world's most expensive office market.
Tokyo's Inner Central, which was at the top spot in May slipped to the second place, followed by that city's Outer Central market.
Hong Kong's central business district and Moscow are fourth and fifth respectively, said CB Richard Ellis, which tracks office occupancy costs in about 180 cities around the globe.
"From the third quarter of 2009 onwards, we have seen corporates coming back into the market and office space take-up has improved," Magazine said.
"To reduce office occupancy costs further and facilitate more supply of office space, we need to urgently improve our infrastructure and amenities. This would bring our world rankings down further and make India more competitive," he added.
The year-on-year change in prime office occupancy costs of the cities monitored reveal an average drop of 7.7 percent worldwide over the 12-month period ending Sep 30, 2009.
Kiev led with the largest year-over-year decrease in office occupancy costs, falling 64.6 percent from year-ago levels.
"While there are signs that commercial real estate values are stabilising in some markets in Asia and parts of London, underlying property fundamentals are still weak," said CB Richard Ellis global chief economist Raymond Torto.
Forty-one markets experienced positive growth, with Aberdeen and Rio de Janeiro growing more than 10 percent.
For the Asia Pacific region, Singapore experienced the largest decreases (53.4 percent)followed by Ho Chi Minh City (45.4 percent) and as well Hong Kong (over 30 percent) in the past year.
Mumbai dropped one place to the seventh position, the report titled "The Semi-Annual Global Office Rents" added.
"While Mumbai continues to remain in the top 10, Delhi has re-joined the top 10 ranking of most expensive office markets after two years," said Anshuman Magazine, chairman and managing director, CB Richard Ellis South Asia.
"Although the rentals in the Delhi central business district have remained stable for the past six months, it has moved up to the 10th position primarily due to other global cities declining significantly in office rentals," Magazine said.
Delhi moved up from 12th to 10th position, while London reclaimed its position as the world's most expensive office market.
Tokyo's Inner Central, which was at the top spot in May slipped to the second place, followed by that city's Outer Central market.
Hong Kong's central business district and Moscow are fourth and fifth respectively, said CB Richard Ellis, which tracks office occupancy costs in about 180 cities around the globe.
"From the third quarter of 2009 onwards, we have seen corporates coming back into the market and office space take-up has improved," Magazine said.
"To reduce office occupancy costs further and facilitate more supply of office space, we need to urgently improve our infrastructure and amenities. This would bring our world rankings down further and make India more competitive," he added.
The year-on-year change in prime office occupancy costs of the cities monitored reveal an average drop of 7.7 percent worldwide over the 12-month period ending Sep 30, 2009.
Kiev led with the largest year-over-year decrease in office occupancy costs, falling 64.6 percent from year-ago levels.
"While there are signs that commercial real estate values are stabilising in some markets in Asia and parts of London, underlying property fundamentals are still weak," said CB Richard Ellis global chief economist Raymond Torto.
Forty-one markets experienced positive growth, with Aberdeen and Rio de Janeiro growing more than 10 percent.
For the Asia Pacific region, Singapore experienced the largest decreases (53.4 percent)followed by Ho Chi Minh City (45.4 percent) and as well Hong Kong (over 30 percent) in the past year.
Areva to start talks with French firms to sell distribution firm
Paris-based nuclear power major Areva Tuesday said it will hold talks with a consortium of French firms Alstom and Schneider for selling its transmission and distribution business for 2.29 billion euros ($3.45 billion).
The Indian operations of the nuclear power giant, Areva India T&D, is part of its transmission and distribution business that is put up for sale.
"The supervisory board of Areva had received three binding offers from Alstom/Schneider, General Electric and Toshiba," Areva India T&D said in a regulatory statement.
"After review, the board asked the executive board to begin exclusive negotiations with the consortium, Alstom/Schneider. The consortium offered 2.29 billion euros in equity value," it added.
The Indian operations of the nuclear power giant, Areva India T&D, is part of its transmission and distribution business that is put up for sale.
"The supervisory board of Areva had received three binding offers from Alstom/Schneider, General Electric and Toshiba," Areva India T&D said in a regulatory statement.
"After review, the board asked the executive board to begin exclusive negotiations with the consortium, Alstom/Schneider. The consortium offered 2.29 billion euros in equity value," it added.
MTNL launches per second billing plan
State-run telecom service provider Mahanagar Telephone Nigam Ltd (MTNL) Tuesday announced per second billing scheme for its 2G and 3G customers in the Delhi and Mumbai circles.
Under the plan, calls made within the MTNL network will be charged half paise per second, while calls to other networks across the country will be charged one paise per second, the company said.
MTNL will also provide video calls across its 3G network for one paise per second.
Text message rates have also been reduced to 25 paise for local, Re.1 for national and Rs.2.50 for international messages.
"Our pay-per-second plan is the most affordable and shall benefit 4.4 million mobile customers of MTNL, including about 165,000 3G customers," MTNL chairman and managing director R.S.P. Sinha said.
The company's move comes after other telecom majors such as Tata Teleservices, Bharti Airtel and Reliance Communications launched per second billing systems.
Under the plan, calls made within the MTNL network will be charged half paise per second, while calls to other networks across the country will be charged one paise per second, the company said.
MTNL will also provide video calls across its 3G network for one paise per second.
Text message rates have also been reduced to 25 paise for local, Re.1 for national and Rs.2.50 for international messages.
"Our pay-per-second plan is the most affordable and shall benefit 4.4 million mobile customers of MTNL, including about 165,000 3G customers," MTNL chairman and managing director R.S.P. Sinha said.
The company's move comes after other telecom majors such as Tata Teleservices, Bharti Airtel and Reliance Communications launched per second billing systems.
Google India's Most Searched Terms in 2009: Budget, Kambakht Ishq, IRCTC,Satyam...
2009 Year-End Google Zeitgeist: India
Global economic downturn and local implications were clearly on India's mind as Budget 2009 and Satyam share price emerged as the fastest rising queries on Google. India mourned the untimely demise of Micheal Jackson and looked for the latest on Twitter but without impacting the good old Indian railways and Gmail which emerged as the most popular online destinations.
Young politicians like Rahul Gandhi and Sachin Pilot emerged as the new face of political leadership in the country. With Corporate woes and recession news, more people looked for ways to meditate and concentrate. Romance scored over action, fantasy and drama – with Love Aaj kal emerging as the most searched movie of the year, followed by Harry Potter and Slumdog Millionaire.
Fastest Rising Searches
1. budget 2009
2. kambakth ishq
3. irctc
4. satyam share price
5. bhuvan
6. michael jackson
7. twitter
8. election results
9. windows 7
10. nokia 5800
Most popular
1. gmail
2. youtube
3. yahoomail
4. orkut
5. indian railways
6. yahoo
7. google
8. rediffmail
9. facebook
10. rediff
Most popular celebrities
1. katrina kaif
2. michael jackson
3. salman khan
4. aishwarya rai
5. shahid kapoor
6. kareena kapoor
7. shahrukh khan
8. angelina jolie
9. megan fox
10. sachin tendulkar
Most popular politician
1. rahul gandhi
2. indira gandhi
3. sachin pilot
4. sarah palin
5. p chidambaram
6. mayawati
7. barack obama
8. sonia gandhi
9. rajesh pilot
10. maneka gandhi
Most popular movies
1. love aaj kal
2. harry potter
3. slumdog millionaire
4. kaminey
5. kambakht ishq
6. ghajini
7. hannah montana
8. dev d
9. wake up sid
10. dostana
How to
1. how to kiss
2. how to hack
3. how to meditate
4. how to study
5. how to swim
6. how to draw
7. how to flirt
8. how to chat
9. how to concentrate
10. how to download
More AT http://www.google.com/intl/en_us/press/zeitgeist2009/index.html
Global economic downturn and local implications were clearly on India's mind as Budget 2009 and Satyam share price emerged as the fastest rising queries on Google. India mourned the untimely demise of Micheal Jackson and looked for the latest on Twitter but without impacting the good old Indian railways and Gmail which emerged as the most popular online destinations.
Young politicians like Rahul Gandhi and Sachin Pilot emerged as the new face of political leadership in the country. With Corporate woes and recession news, more people looked for ways to meditate and concentrate. Romance scored over action, fantasy and drama – with Love Aaj kal emerging as the most searched movie of the year, followed by Harry Potter and Slumdog Millionaire.
Fastest Rising Searches
1. budget 2009
2. kambakth ishq
3. irctc
4. satyam share price
5. bhuvan
6. michael jackson
7. twitter
8. election results
9. windows 7
10. nokia 5800
Most popular
1. gmail
2. youtube
3. yahoomail
4. orkut
5. indian railways
6. yahoo
7. google
8. rediffmail
9. facebook
10. rediff
Most popular celebrities
1. katrina kaif
2. michael jackson
3. salman khan
4. aishwarya rai
5. shahid kapoor
6. kareena kapoor
7. shahrukh khan
8. angelina jolie
9. megan fox
10. sachin tendulkar
Most popular politician
1. rahul gandhi
2. indira gandhi
3. sachin pilot
4. sarah palin
5. p chidambaram
6. mayawati
7. barack obama
8. sonia gandhi
9. rajesh pilot
10. maneka gandhi
Most popular movies
1. love aaj kal
2. harry potter
3. slumdog millionaire
4. kaminey
5. kambakht ishq
6. ghajini
7. hannah montana
8. dev d
9. wake up sid
10. dostana
How to
1. how to kiss
2. how to hack
3. how to meditate
4. how to study
5. how to swim
6. how to draw
7. how to flirt
8. how to chat
9. how to concentrate
10. how to download
More AT http://www.google.com/intl/en_us/press/zeitgeist2009/index.html
Monday, November 30, 2009
L&T, Nuclear Power Corp in $370-mn venture
Engineering major Larsen and Toubro (L&T) and state-run Nuclear Power Corp of India Ltd (NPCIL) Monday announced a $370-million (Rs.1,665-crore) joint venture to manufacture ultra-heavy forging and special steels used in nuclear power reactors.
L&T will hold a 74 percent in the joint venture while NPCIL will be the minority partner, L&T chairman and managing direct A.M. Naik told reporters here.
The state-of-the-art facility will be set up in Hazira in Gujarat, said a joint media release by the two companies.
"Indigenous manufacture of forgings will close a critical gap in India's ability to produce equipment for nuclear, thermal power and hydrocarbon plants and also enable significant reduction in cycle times," said the statement.
NPCIL operates 17 nuclear reactors, with a total power generating capacity of 4,120 MW with three more under construction with about 2,660 MW capacity.
L&T will hold a 74 percent in the joint venture while NPCIL will be the minority partner, L&T chairman and managing direct A.M. Naik told reporters here.
The state-of-the-art facility will be set up in Hazira in Gujarat, said a joint media release by the two companies.
"Indigenous manufacture of forgings will close a critical gap in India's ability to produce equipment for nuclear, thermal power and hydrocarbon plants and also enable significant reduction in cycle times," said the statement.
NPCIL operates 17 nuclear reactors, with a total power generating capacity of 4,120 MW with three more under construction with about 2,660 MW capacity.
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