Tuesday 26 April 2016
Sunday 24 April 2016
Flipkart marches towards being a $100 billion company
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The devaluation or even the recent rounds of senior executive exits don’t seem to have lessened the impact that Sachin Bansal and Binny Bansal have created. The founders of Flipkart, which is ranked as India’s biggest e-commerce marketplace, have found a spot in the TIME 100 list – a list of 100 most influential people in the world.
Included under the ‘Titan’ section, the list has had some truly big names like Steve Jobs, Mark Zuckerberg, Wang Jianlin, Mohammed Bin Nayef, Tim Cook, Yuri Milner, Pope Francis, Pricilla Chan and Sundar Pichai to name a few.
A few months back, in September, the Bansals had made their debut on the country’s top 100 rich list as per Forbes magazine. It is to be noted that the Bansals are country’s first e-commerce billionaires as well. The Bansals made their debut at 86th position with a net worth of $1.3 billion each.
For close to 13 years now, the TIME list compiles the list of the world’s most influential men and women. Nancy Gibbs, Editor of TIME, states that while power is certain, influence is subtle. She added that as much as the exercise works towards chronicling the achievements made in the past year, the list also focusses on figures whose influence will most likely grow.
Speaking of being included in the list, Sachin and Binny Bansal say that this is a recognition of the Indian internet ecosystem and its role in using technology to solve Indian problems. They added that this acknowledgement comes as a validation of the work they are doing and it also reinforces the faith people have in Flipkart.
Some of the technology leaders who have been featured in the list include Sergey Brin, Steve Ballmer, Travis Kalanick and Larry Page.
An excerpt of the list says:
“Binny Bansal and Sachin Bansal (no relation) started Flipkart in 2007 as an online bookstore. For seed money, they pooled their savings: around $10,000. Their data center was their apartment in Bangalore. So it could have been the height of arrogance when the two Bansals, who had worked together at Amazon, told investors Flipkart could be worth $100 million in a decade.”
Friday 22 April 2016
ERICSSON, NOKIA, HUAWEI AND CISCO ARE BETTING BIG ON INDIA’S ‘SMART CITIES’ PROJECT
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NEW DELHI: Global majors such as Ericsson, Nokia, Huawei and Cisco are betting big on India’s ‘smart cities’ project, which is estimated to be an up to $50 billion (Rs 340,000 crore) business opportunity over five years.
For companies like Cisco, which are largely looking at IT solutions, the opportunity is pegged at around $25 million per city, according to industry estimates.
Players like Ericsson and Huawei have started working on some of the projects in the country, while Nokia could soon bid for some projects. Cisco, on the other hand, is involved in more than 25 cities, including the government’s 20 official smart cities shortlist.
The government has defined a smart city in the Indian context as one that provides a decent quality of life to its citizens, a clean and sustainable environment, and supports the application of smart solutions.
It has shortlisted 20 cities, including Pune, Jaipur, Surat, Kochi, Ahmedbad, New Delhi, Chennai, Visakhapatnam, Ludhiana and Bhopal, which will be developed as smart cities. The smart city market opportunity in India will be $45-50 billion over the next five years, according to a report by Sustainability Outlook.
The electronic equipment business, just for the first phase, will be a $220-250 million opportunity for these vendors. For companies like Cisco, which are largely looking at IT solutions, the opportunity is pegged at around $25 million per city, according to industry estimates. “The Indian government’s vision of a Smart Digital India is creating enormous opportunities,” said Orvar Hurtig, global head of industry and society at Ericsson. The company has identified three key industry segments public safety, utilities and transport—as its focus areas in the country.
The Swedish company has just won its first deal in India in the utilities space—to install 15,000 smart meters in Assam over the next three years for a public sector power company.
Ericsson, which earlier created a separate vertical called ‘industry & society’ to tap ‘Smart City’ and ‘Digital India’ opportunities, expects up to 20% of its India sales to come from this segment by 2020. Sales from this segment are negligible now.
Sandeep Girotra, Nokia’s head of India market, said the company is in talks with various state governments and the Centre and may soon bid for some projects. “We believe that there is no single approach that fits all cities and each city can have multiple drivers, therefore, it is absolutely vital to engage with state government, city administration and planners to understand their objectives and KPIs,” Girotra added.
Cisco, which has worked on more than 120 smart cities globally, is working in 12-13 cities out of the list of 20. Besides, the company has been working in another 14-15 cities, according to Purushottam Kaushik, managing director-sales at Cisco India & Saarc.
“We are not just providing its solutions to the authorities, but also providing consultancy services,” Kaushik said.
source: The Economic Times 22-Apr-2016
Thursday 7 April 2016
Oracle invests $400 million in Bengaluru hub; calls India Cloud centre of world
Mumbai: To encourage adoption of cloud technology in India, Oracle on Wednesday unveiled 'Oracle Cloud at Customer' in India ahead of Oracle Cloud World Summit in Mumbai. This is the first-of-a-kind service in the country that allows the cloud platform to function right inside customers' own data centers.
According to the company, the service removes the challenges that organizations face when transiting to the cloud platform. This new technology operates on the premises and behind the firewall of the client allowing the chief information officers (CIOs) to move their business critical applications from on-premise data centers to the cloud platform.
"While organisations in India are eager to move their enterprise workloads to the public cloud, many have been constrained by business and regulatory requirements. Verticals such as telecommunications, government administration, banking, financial services and insurance (BFSI) are usually tightly controlled by such limits". Oracle's senior vice president of Cloud, Shawn Price said in a statement.
"With today's launch, the company addresses these challenges so that organizations across industries can reap the performance, cost and innovation benefits of Oracle Public Cloud and run it wherever they want with Oracle technology, in their own datacenters." Price added.
According to Shailender Kumar, managing director, Oracle India, companies, especially those bound by the regulatory guidelines can now leverage the cloud and speed up their business transformation. Oracle Cloud at Customer supports control over data, while facilitating data sovereignty and data residency requirements."
Lauding PM Modi's Digital India initiative, Shawn Price said that Oracle sees enormous opportunity in creating digital services in India. Price added that this is the best time invest in India as it has the highest percentage of youth under the age of 30 and can lead the world in cloud services in the near future.
"Oracle sees India as the number one market in the world because of the influence that Oracle exerts through its partners, evolved cross mobile internet activity and also because more than 25 per cent of India's population is engaged in e-commerce transactions in the last quarter." Price said.
Shawn Price also mentioned Oracle's $400 million investment in setting up a technology hub in Bengaluru. The company will also open nine incubation centers to support startups in India.
Talking about Startup India, the government programme, Kumar said, "Oracle will dedicate parts of nine development centres to mentor startup companies on technology and direction towards success."
Shailender Kumar highlighted that many customers such as Fiat Automobiles, Hi-Tech Textile Automation, Induslnd Bank, L&T Finance, Safexpres, Sun Edison, Schneider Electric and Toyota Kirloskar Motor have been purchasing more than one Oracle cloud service.
Globally, Oracle cloud has shown high rates of adoption by customers, supporting 70 plus million users and more than 34 billion transactions each day, It runs in 19 data centers around the world.
According to the company, the service removes the challenges that organizations face when transiting to the cloud platform. This new technology operates on the premises and behind the firewall of the client allowing the chief information officers (CIOs) to move their business critical applications from on-premise data centers to the cloud platform.
"While organisations in India are eager to move their enterprise workloads to the public cloud, many have been constrained by business and regulatory requirements. Verticals such as telecommunications, government administration, banking, financial services and insurance (BFSI) are usually tightly controlled by such limits". Oracle's senior vice president of Cloud, Shawn Price said in a statement.
"With today's launch, the company addresses these challenges so that organizations across industries can reap the performance, cost and innovation benefits of Oracle Public Cloud and run it wherever they want with Oracle technology, in their own datacenters." Price added.
According to Shailender Kumar, managing director, Oracle India, companies, especially those bound by the regulatory guidelines can now leverage the cloud and speed up their business transformation. Oracle Cloud at Customer supports control over data, while facilitating data sovereignty and data residency requirements."
Lauding PM Modi's Digital India initiative, Shawn Price said that Oracle sees enormous opportunity in creating digital services in India. Price added that this is the best time invest in India as it has the highest percentage of youth under the age of 30 and can lead the world in cloud services in the near future.
"Oracle sees India as the number one market in the world because of the influence that Oracle exerts through its partners, evolved cross mobile internet activity and also because more than 25 per cent of India's population is engaged in e-commerce transactions in the last quarter." Price said.
Shawn Price also mentioned Oracle's $400 million investment in setting up a technology hub in Bengaluru. The company will also open nine incubation centers to support startups in India.
Talking about Startup India, the government programme, Kumar said, "Oracle will dedicate parts of nine development centres to mentor startup companies on technology and direction towards success."
Shailender Kumar highlighted that many customers such as Fiat Automobiles, Hi-Tech Textile Automation, Induslnd Bank, L&T Finance, Safexpres, Sun Edison, Schneider Electric and Toyota Kirloskar Motor have been purchasing more than one Oracle cloud service.
Globally, Oracle cloud has shown high rates of adoption by customers, supporting 70 plus million users and more than 34 billion transactions each day, It runs in 19 data centers around the world.
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