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Archive for the ‘business’ Category

Watch TV anywhere with new Nokia mobile TV phones

Nokia has announced the launch of Nokia 5330 Mobile TV Edition, which will allow users to watch television anywhere. The phone is an entertainment hub that combines mobile broadcast TV (DVB-H), social networking, music and gaming in one compact 3G device.

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IDC says India’s domestic BPO market to touch $6.82 bn

After establishing itself as a major player in the international BPO market, India is now set to shift focus on the domestic market, which is projected to grow at over 30% annually.

According to a report by IT research firm IDC India, the country’s domestic BPO market, with nearly 500 players, will grow at a CAGR of 33.3% to touch revenues of $6.82 billion by 2013, up from $1.62 billion in 2008.

The report said the domestic BPO industry would evolve from just running isolated processes for customers to engaging more deeply in identifying and transforming core business processes.

“Positive market indicators of an economic recovery, unbundling of mega outsourcing deals and large unaddressed white spaces such as regional language services support the current optimism,” the report said.

Currently, the BFSI vertical contributes the lion’s share of 37% to the domestic sector’s revenues, while telecom contributes about one-fourth to it.

Other verticals like utilities and services, energy, food and hospitality, aerospace and automotives, consumer durables and government contribute 17%, while the travel segment contributes 8% to the revenue.

Agencies

Ten ways to Evaluate a Mutual Fund

Every Mutual Fund agent and financial Web site has different theories on how to evaluate Mutual Funds. Many of these theories focus on simply analyzing the fund’s recent performance and the reputation of the fund house, which is rarely enough to differentiate a good investment from a bad one.

In reality, Mutual Fund analysis is a sophisticated problem studied by global investment professionals, and while no list can do complete justice to the problem, there are ten nuanced factors that professionals look at:

1.

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IDBI Bank, Central Bank announces cut in deposit rates by 0.25-0.5 per cent

Central Bank of India and IDBI Bank- two state-owned banks have slashed deposit rates by 0.25-0.5 per cent in various maturities in order to bring down the cost of funds.

Before country’s largest lender State Bank of India has reduced its deposit rates by a similar margin.

IDBI Bank revised rates will be effective from November 16 while the Central Bank has to yet announce the rate reduction officially.

After revision on one year to less than two years maturity deposits IDBI Bank offers a rate of 6.5 per cent as against 6.75 per cent, informed IDBI Bank sources.

On tenure 2 years to less than 1,100 days deposits, bank will offer rate of 7 per cent (7.25 per cent) while that of 1,100 days maturity deposits will now attract a rate of 7.25 per cent (7.5 per cent) earlier.

Moreover on 1,100-days to 5 years, 5-years to 7-years and 7-years to 10-years deposits bank will offer 7 per cent (7.25 per cent), 7.5 per cent (7.75 per cent) and 7.75 per cent (8 per cent) earlier, the bank said.

The bank said senior citizens will get 0.5 per cent above the card rate.

Why Yahoo! want to chip in for unique ID cards project?

I was raised as a pretty poor farm girl in Wisconsin and always thought of upgrading myself. So I over-achieved! I was lucky…” A characteristically short bio from Carol Ann Bartz, the feisty chief executive of the $7.2 billion internet company Yahoo!

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Fixed Deposit rates can increase

In the recent credit policy review of the Reserve Bank of India (RBI) there were indications of rising interest rate which is good news for those who prefer to invest in fixed deposits.

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Google enters mobile advertising space with AdMob acquisition

In a push to expand its digital advertising empire to cellphones, Google has agreed to acquire AdMob, a fast-growing mobile advertising start-up, for $750 million in stock, the companies said.

AdMob is one of the top sellers of banner ads on iPhone applications and Web pages that can be retrieved from mobile phones.

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Accenture on a hiring spree in India; To hire 8,000 by 2010

Global technology and consultancy firm, Accenture has said that it is going to add around 8,000 people in India by the end of next year taking its total employee base in the country to 50,000.

“We are 42,000 right now and we imagine we will be about 50,000 by the end of 2010,” said Accenture Chairman and Chief Executive Officer, William D Green on the sidelines of the India Economic Summit.

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By 2010 Indian cos to see 20-30% pick up in hiring

Riding high on a six to seven per cent expected economic growth and with the global economy gradually bouncing back, India Inc is likely to hire 20-30 per cent more talent in CY 10, a top industry official said.

“In 2010 (January-December), I envisage atleast 20-30 per cent increase in recruitments by companies,” recruitment consultancy firm, Fun & Joy At Work’s Chief Executive Officer, R L Bhatia, told the media here.

This would be over and above the 30 per cent dip in hiring that was witnessed last year, Bhatia said.

Fun & Joy At Work is a nine-year-old recruitment firm with offices across Mumbai and Singapore.

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Intel to partner with telecom major ITI

Intel, the world’s largest chip maker, is planning to participate in bids invited by Indian state-owned telecom equipment maker ITI Ltd to set up joint ventures, the Business Standard reported on Friday.

ITI intends to be a minority partner in the proposed joint ventures with a 26 per cent stake according to the bid proposals, the newspaper said.

It said Intel was interested in making the hardware and consumer premise equipment around WiMAX technology, which provides for wireless transmission of data up to 75 megabytes per second.

Though interested parties have been asked to participate before Jan 29, 2010, the telecoms ministry is holding a pre-bid conference before selecting them, the paper said.

Other global players that have showed interest include Huawei, Alcatel-Lucent, Samsung and Hitachi, the paper said.

A spokeswoman for Intel in India could not immediately respond to the report.

Agencies

JavaScript programming tools now from Google

With a project called Closure Tools, Google plans to start helping developers who aspire to match the company’s proficiency in creating Web sites and Web applications. Google is a strong proponent of using JavaScript to write Web-based programs, which is a part of its Web-centric ethos, reports CNET News.

Indeed, the company has pushed the language to its limits with services such as Gmail and Google Docs, and it developed its Chrome browser in part to enable JavaScript programs to run faster.

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Retail sector to grow at 28% during 2008-12 in India

During 2008-2012, the IT market in the Indian retail sector is likely to grow at an estimated compound annual growth rate (CAGR) of 23 percent; reaching $1.4 billion by 2012, says a report.

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Will the Web run out of address space?

The world could well run out of internet addresses next year, unless urgent action is taken to switch to a new generation of net addresses, the European Commission has warned.

According to the commission, businesses urgently need to upgrade to internet protocol version six or IPv6, a new version of the web’s addressing protocol, which will hugely increase the number of available addresses.

The IPv6 system has been ready for over a decade and is providing 340 trillion web addresses.

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