India is getting richer or the richer are getting more rich ?
The strong growth in the stock market and real estate prices is swelling the ranks of millionaires in the country, which had 1,00,015 high networth individuals (HNWIs) last year, a 20.5 per cent increase in the number and second only to Singapore with a 21.2 per cent surge.
A high networth individual has financial assets (excluding primary residence) exceeding US$ 1 million (Rs 4.1 crore). Indian had 83,000 dollar millionaires in 2005.
THE FIGURES
• A high networth individual (HNWI) has assets exceeding $1 million (Rs 4.1 crore)
• An Ultra-HNWI has assets exceeding $30 million (Rs 123 crore)
• Number of HNWIs worldwide last year was 95 lakh , with $37.2 trillion
• Number of Ultra-HNWIs 94,970
• HNWIs shift more money into real estate, 29% of investments in Asia
Read the full story here
Friday, June 29, 2007
Thursday, June 28, 2007
World's Largest storage HDD available !
According to Techtree,
Seagate is reportedly launching hard drives; namely the Barracuda 7200.11 and the Barracuda ES.2 that deliver up to 1TB of capacity, and that are meant for both desktop PC and enterprise applications.
A 3.5-inch format drive, the Barracuda 7200.11 spins at 7,200rpm and holds up to 1TB of data.
This 1TB drive with four 250GB platters that use Seagate's second generation perpendicular recording technology, sports a sustained rate of 105MB/s and a serial ATA (SATA) II interface running at 3GB/s.
The 7200.11 has a low power rating of 8 Watts at idle, making for energy efficiency and cooler operation. The acoustics are as low as 2.7 Bels.
The other drive, the Barracuda ES.2, is the enterprise version, with improved mean time before failure. The drive, having both SATA and SAS (serial attached SCSI) interfaces, again holds up to 1TB of data.
Both new hard drives feature Seagate's power-saving 'PowerTrim' technology, wherein if the drives are reading, separate read electronics can be switched off. Similarly so when the drives are writing...
According to Seagate, the power-controlling mechanism within the drives yields up to 25 percent of power saving over say a drive without the mechanism.
Seagate said its Barracuda ES.2 and 7200.11 1TB hard drives will begin shipping in the third quarter of this year. The 1TB Barracuda 7200.11 will likely be priced at $399.99 (Rs 18,000 approx).
Seagate is reportedly launching hard drives; namely the Barracuda 7200.11 and the Barracuda ES.2 that deliver up to 1TB of capacity, and that are meant for both desktop PC and enterprise applications.
A 3.5-inch format drive, the Barracuda 7200.11 spins at 7,200rpm and holds up to 1TB of data.
This 1TB drive with four 250GB platters that use Seagate's second generation perpendicular recording technology, sports a sustained rate of 105MB/s and a serial ATA (SATA) II interface running at 3GB/s.
The 7200.11 has a low power rating of 8 Watts at idle, making for energy efficiency and cooler operation. The acoustics are as low as 2.7 Bels.
The other drive, the Barracuda ES.2, is the enterprise version, with improved mean time before failure. The drive, having both SATA and SAS (serial attached SCSI) interfaces, again holds up to 1TB of data.
Both new hard drives feature Seagate's power-saving 'PowerTrim' technology, wherein if the drives are reading, separate read electronics can be switched off. Similarly so when the drives are writing...
According to Seagate, the power-controlling mechanism within the drives yields up to 25 percent of power saving over say a drive without the mechanism.
Seagate said its Barracuda ES.2 and 7200.11 1TB hard drives will begin shipping in the third quarter of this year. The 1TB Barracuda 7200.11 will likely be priced at $399.99 (Rs 18,000 approx).
Monday, June 25, 2007
e-waste Problem in India
The Silicon Valley of India, home to around 1,700 information technology companies, is now grappling with serious hazards posed by the increasing volume of electronic waste (e-waste).
The IT hub generates anywhere about 8,000 tonnes of e-waste annually and the issue needs to be accorded top priority, feels J Parthasarathy, Director, Software Technology Park of India (STPI), Bangalore.
The e-waste agency (EWA), a Bangalore-based NGO, supported by Indo-German Swiss e-Waste initiative, has already put forward a proposal before the Ministry of Environment and Forests (MoEF) to enact a legislation on the issue.
Full story here
The IT hub generates anywhere about 8,000 tonnes of e-waste annually and the issue needs to be accorded top priority, feels J Parthasarathy, Director, Software Technology Park of India (STPI), Bangalore.
The e-waste agency (EWA), a Bangalore-based NGO, supported by Indo-German Swiss e-Waste initiative, has already put forward a proposal before the Ministry of Environment and Forests (MoEF) to enact a legislation on the issue.
Full story here
Friday, June 22, 2007
Retail Marketing Boom in India
Smaller cities in India, China and Russia are emerging as the new hotspots for the retail industry as global chains leapfrog larger cities and enter emerging markets through second-rung cities, says a report by management consulting firm A T Kearney.
“As larger cities in India, China and Russia reach retail saturation, some retailers are entering countries through smaller second- and third-tier cities where consumers are ready to embrace Western-style retail concepts and products thanks to the influence of television, movies and the Internet,” it says.
The sixth annual Global Retail Development Index (GRDI), a study of retail investment attractiveness among 30 emerging markets, ranks emerging countries on a set of 25 variables, including economic and political risk, retail market attractiveness, retail saturation levels, and the difference between gross domestic product growth and retail growth. The index focuses on opportunities for mass merchant and food retailers, which are typically the bellwether for modern retailing concepts in a country.
More info here
“As larger cities in India, China and Russia reach retail saturation, some retailers are entering countries through smaller second- and third-tier cities where consumers are ready to embrace Western-style retail concepts and products thanks to the influence of television, movies and the Internet,” it says.
The sixth annual Global Retail Development Index (GRDI), a study of retail investment attractiveness among 30 emerging markets, ranks emerging countries on a set of 25 variables, including economic and political risk, retail market attractiveness, retail saturation levels, and the difference between gross domestic product growth and retail growth. The index focuses on opportunities for mass merchant and food retailers, which are typically the bellwether for modern retailing concepts in a country.
More info here
Wednesday, June 20, 2007
Google's Electric Car
NEW YORK (CNNMoney.com) -- Google said Tuesday it is getting in on the development of electric vehicles, awarding $1 million in grants and inviting applicants to bid for another $10 million in funding to develop plug-in hybrid electric vehicles capable of getting 70 to 100 miles per gallon.
The project, called the RechargeIT initiative and run from Google's philanthropic arm, Google.org, aims to further the development of plug-in hybrid electric vehicles - cars or trucks that have both a gasoline engine and advanced batteries that recharge by plugging into the nation's electric grid.
"Since most Americans drive less than 35 miles per day, you easily could drive mostly on electricity with the gas tank as a safety net," Dan Reicher, director of Climate and Energy Initiatives for Google.org, wrote on the organization's Web site. "In preliminary results from our test fleet, on average the plug-in hybrid gas mileage was 30-plus mpg higher than that of the regular hybrids."
The project also aims to develop vehicle-to-grid (V2G) technology, allowing cars to sell their stored power back to the nation's electricity grid during times of peak demand.
read the full story here
Mumbai in Top 10 Business Flow Hub Destinations
Mumbaikars again a news to feel proud of !!
According to IBNLIVE.com
Driven by high trade volumes for equities and good presence of global banking and financial services firms, Mumbai has grabbed a place in the list of world's top 10 financial flow hubs, beating Hong Kong and Beijing in China.
The city has been ranked 10th among the world's biggest centres of commerce in terms of the financial flow volumes in a survey compiled by Mastercard Worldwide, which takes into consideration size of financial services network besides equity, bond, derivatives and commodity contract transactions.
The list, led by London and New York on the first two slots, include two other Asian cities — Tokyo at fifth and Seoul at sixth positions, but does not have any representation from China — another emerging Asian economy.
The other cities include Chicago, Frankfurt, Paris, Madrid and Milan. "The Asia/Pacific, Middle East and Africa (APMEA) region boasts of three cities which got included in the premier league — Tokyo, Seoul and Mumbai due to their high trading volumes in bonds and equities," Mastercard Worldwide said in its first Worldwide Centres of Commerce Index study.
According to IBNLIVE.com
Driven by high trade volumes for equities and good presence of global banking and financial services firms, Mumbai has grabbed a place in the list of world's top 10 financial flow hubs, beating Hong Kong and Beijing in China.
The city has been ranked 10th among the world's biggest centres of commerce in terms of the financial flow volumes in a survey compiled by Mastercard Worldwide, which takes into consideration size of financial services network besides equity, bond, derivatives and commodity contract transactions.
The list, led by London and New York on the first two slots, include two other Asian cities — Tokyo at fifth and Seoul at sixth positions, but does not have any representation from China — another emerging Asian economy.
The other cities include Chicago, Frankfurt, Paris, Madrid and Milan. "The Asia/Pacific, Middle East and Africa (APMEA) region boasts of three cities which got included in the premier league — Tokyo, Seoul and Mumbai due to their high trading volumes in bonds and equities," Mastercard Worldwide said in its first Worldwide Centres of Commerce Index study.
Monday, June 18, 2007
Population : India : China : World : Records
How old are you ?
Today’s India is characterised by a large population of young people. Approximately half of our country’s population is less than 25 years old.
Here are some facts about world's longetivity (age) records.
Today’s India is characterised by a large population of young people. Approximately half of our country’s population is less than 25 years old.
Here are some facts about world's longetivity (age) records.
- Japan's Tomoji Tanabe, now the world's oldest man turned 111.
- The official world record for the oldest proven individual remains 122 years, 164 days in the case of Jeanne Calment of France (Feb. 21, 1875-Aug. 4, 1997).
- Helen Stetter of Nebraska, USA. on her 113th birthday (Nov 18 2006), Ms. Stetter passed away June 1 2007, as the world's fourth-oldest person. ( Source: Yahoo)
- India's median age is 24.9, and the population growth rate of 1.38% per annum; there are 22.01 births per 1000 people per year (Source : Wikipedia)
- India should invest more money on education and improve its literacy rate. According to CIA World Fact Book, China's literacy rate is 90.9% and India's literacy rate is only 59.5%.
Wednesday, June 13, 2007
Indians and Computers per Indian
One in every 50 Indians have access to a personal computer with the total installed base in the country touching 22 million units.
The personal computer (PC) market in India witnessed 20% growth in unit shipments in fiscal 2006-07, according to IDC.
At the year-end, HP retained the top spot with a market share of 21.2%, followed by HCL at 13.5% and Lenovo at 9.5%, in terms of unit shipments of both desktops and notebooks. In commercial desktop PC shipments, HCL led the market, followed by HP and Lenovo, whereas in consumer desktop PC shipments, HP was the leader, followed by HCL and Zenith.
Read more here
The personal computer (PC) market in India witnessed 20% growth in unit shipments in fiscal 2006-07, according to IDC.
At the year-end, HP retained the top spot with a market share of 21.2%, followed by HCL at 13.5% and Lenovo at 9.5%, in terms of unit shipments of both desktops and notebooks. In commercial desktop PC shipments, HCL led the market, followed by HP and Lenovo, whereas in consumer desktop PC shipments, HP was the leader, followed by HCL and Zenith.
Read more here
Monday, June 11, 2007
Orkut - A threat to society and culture ?
Orkut - A threat to society and culture ?
A right-wing Hindu group has asked public Internet centres in India to partly block access to Orkut, and is making a software to monitor abusive communities on the popular social networking site operated by Google.
The student wing of the Shiv Sena party said many Indians use Orkut to bad-mouth religious groups and disturb communal harmony, and also spread misinformation about India.
The group is part of a growing band of cultural vigilantes opposed to what they see as increasing mimicry of the West. It often stops St. Valentine's Day celebrations, attacks clubs and pubs and prevents screening of sexually bold films.
"Orkut is used by many destructive elements to spread canards about India, Hindus, our gods and cultural heritage," said Abhijit Phanse, president of Bharatiya Vidyarthi Sena, the student group.
"We are gently telling Internet cafe owners that it is their responsibility to see that surfers do not use their facility to carry out such hate campaigns," he said.
"Or else, we will have to do that job for them."
Last week, dozens of Shiv Sena workers vandalised some Internet centres, saying they were not stopping their customers from accessing Orkut groups involved in sending hate messages.
Read the full story here
A right-wing Hindu group has asked public Internet centres in India to partly block access to Orkut, and is making a software to monitor abusive communities on the popular social networking site operated by Google.
The student wing of the Shiv Sena party said many Indians use Orkut to bad-mouth religious groups and disturb communal harmony, and also spread misinformation about India.
The group is part of a growing band of cultural vigilantes opposed to what they see as increasing mimicry of the West. It often stops St. Valentine's Day celebrations, attacks clubs and pubs and prevents screening of sexually bold films.
"Orkut is used by many destructive elements to spread canards about India, Hindus, our gods and cultural heritage," said Abhijit Phanse, president of Bharatiya Vidyarthi Sena, the student group.
"We are gently telling Internet cafe owners that it is their responsibility to see that surfers do not use their facility to carry out such hate campaigns," he said.
"Or else, we will have to do that job for them."
Last week, dozens of Shiv Sena workers vandalised some Internet centres, saying they were not stopping their customers from accessing Orkut groups involved in sending hate messages.
Read the full story here
India's Mobile Market Growth Stats
India's scorching pace of growth in the mobile space continued in May with another half million GSM connections added in the month.
The all-India GSM subscriber base grew from 125.57 million in April 2006 to 130.6 million in May 2007. There was an overall growth of 4.02 per cent over the previous month.
“COAI is pleased with the growth of the GSM subscribers, which is being driven primarily by aggressive network expansions by the operators coupled with decreasing tariffs and increasing affordability,” said TV Ramachandran, director-general, Cellular Operators Association of India (COAI).
Read the full story here
The all-India GSM subscriber base grew from 125.57 million in April 2006 to 130.6 million in May 2007. There was an overall growth of 4.02 per cent over the previous month.
“COAI is pleased with the growth of the GSM subscribers, which is being driven primarily by aggressive network expansions by the operators coupled with decreasing tariffs and increasing affordability,” said TV Ramachandran, director-general, Cellular Operators Association of India (COAI).
Read the full story here
Monday, June 4, 2007
India is Numero Uno in Junk Mails !!
India is the global leader in junk mails with a whopping 91 per cent of all its electronic mail messages constituting spam, but ranks lowest in incidence of viruses, a media report said.
Hong Kong ranks second on the global chart with 76.7 per cent of junk mails followed closely by Israel with 70 per cent of all messages being spam, Ynetnews reported.
The report quoted the results of a research carried out by an internet security company published in the electronic journal Rid it Now.
Read the full story here
Hong Kong ranks second on the global chart with 76.7 per cent of junk mails followed closely by Israel with 70 per cent of all messages being spam, Ynetnews reported.
The report quoted the results of a research carried out by an internet security company published in the electronic journal Rid it Now.
Read the full story here
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