Indian Shares

TESCO has grown immensely in the UK market and internationally in recent years, to the point that concerns are being raised by British MPs about its sheer size.
To support its phenomenal growth the company has turned to India, where it has created its own business support centre instead of turning to Business Process Outsourcing (BPO). The Business Support Centre in Bangalore will be used for IT development and Business Process support.

The Business Support centre will initially focus on TESCO financial services and online customer service activities.

Tesco Hindustan Service Centre (HSC)

Kingfisher Airways announced today that it will be acquiring 5 Ultra Long Range (ULR) Airbus A340-500HGW to operate non-stop services from India to the USA. The Airbus A340-500 series is currently being used by Singapour Airlines to fly non-stop between Singapore (SIN) and Los Angeles (LAX) and by Emirates to fly non-stop to New York (JFK) from Dubai (DXB). The model ordered by Kingfisher Airlines is the High Gross Weight (HGW) version of this aircraft which will have an ever longer range that the original 500 series.

The Airbus A340-500 has a direct competitor which is the Boeing 777-200LR Worldliner which entered service with Pakistan International Airlines (PIA) this year. The Boeing 777-200LR will also be joining Air Indias fleet.

 

InfoSys (INFY) announced today that they are acquiring a further 23% stake in Progeon from CitiCorp for cash. InfoSys is the majority owner of Progeon a Business Proccess Outsourcing (BPO) and Business Process Management (BPM) specialist operating in India, Czech Republic and the Philippines. Progeon implements BPO, BPM and Knowledge Process Outsourcing (KPO) in the following industries:

• Banking
• Capital Markets
• Communications Service Providers
• Healthcare
• Insurance
• Manufacturing

 

When Google decided to hold a coding competition in India for the surrounding region it got a big response with 14,000 software developers taking part. The exercise was an excellent way for Google to identify some of the top coders in the region.

Microsoft is also holding a similar competition to identify software development talent and promote more secure coding practices amongst the estimated 650,000 software developers in India.

As mentioned earlier the Indian Domestic IT marketplace has massive potential for IT Consultancy and System Integrators. An example of the type of projects being implemented can be found in the case studies provided by Microsoft India.

Some of the projects undertaken in India using Microsoft Technologies include:

SREI Infrastructure Finance Limited : Deployed a cost effective ERP sploution using Microsoft Business Solutions Axapta, where the deployment of Microsoft Business Solutions Axapta helped streamline business processes.

ICICI Lombard : Used Microsoft Consulting Services to implement a variety of solutions using BizTalk 2004, Microsoft SharePoint and Microsoft .Net technologies

Chembur Nagarik Sahakari Bank : Migrated from a legacy system to a Microsoft .Net and SQL Server based solution

The Shamrao Vithal Co-operative Bank (SVCB) : Implemented a BizTalk 2004 solution to allow the banks systems to interface to the Reserve Bank of India (RBI)

NCDEX : Migration from Microsoft SQL 7.0 to Microsoft SQL 2000

Ashok Leyland Finance Limited (ALF) - Implementation of Microsoft Windows Server 2003 within enterprise

NSE.IT : Visual Studio .Net and .Net Framework used to build an application for brokerage firms to provide online to key customers

ICICI Bank : Used BizTalk 2002 as an enterprise application integration solution

Further information about these and other projects can be found at Microsoft India Banking and Finance Case Studies

When thinking about India and Information Technology projects most people currently think about the projects being off shored from America and Europe to India. However with a population of 1.2 billion and a significant section of that population rapidly gaining in wealth, many Indian companies and government departments are facing similar IT projects as there European counterparts.

Research by IDC highlights the growth within the Indian Domestic IT market:

IDC India: Domestic IT Market to be Driven by Dynamic IT in the Enterprise, Space and Digital Drive the Consumer Space

It is expected that as part of honouring a clause in the contract when Indian Airlines purchased new Airbus aircraft last year, Airbus will be outsourcing and estimated $400 million of AEROSPACE work to India. The work will go to a consortium of Indian companies headed by Hindustan Aeronautics Limited (HAL) and will include Wipro, Tata Consulting Services (TCS) and InfoTech.

Hindustan Aeronautics Limited (HAL) is a public company backed by the Indian Ministry of Defence, who have manufactured planes and components under license. At present Hindustan Aeronautics Limited (HAL) builds under license the Sukhoi Su-30MKI is preparing to start production of the British Aerospace (BAe) Hawk.  

Sun Microsytems and Wipro have announced that the two companies will be opening a Java Centre of Excellence in India. The centre will specialise in Grid Computing and Portal Technologies using the Sun Java Enterprise Sytem.

With a relatively small population base speaking Danish, Norwegian or Swedish some wonder how outsourcing from these countries would work. However there are a growing number of examples of success stories in this field. Where companies such as Wipro and Kring are leading the way.

An interesting discussion on outsourcing to India from Norway is captured in the minutes of a meeting help at the India embassy in Norway between IT professionals.

A further example of how the outsourcing model can work is provided by KRING, to whom Telia have recently outsourced work on an internal knowledge management system. The KRING outsourcing model provides the development resource for this project in India put keeps the project management aspect within Denmark

Further examples of growth in the level of outsourcing from Scandinavia to India are that during 2005 Kring:

• Increased their office space in Denmark
• Opened an office in Oslo Norway
• Expanded there facilities in India

Wipro Scandinavian Case Studies:

• Barwil (www.barwil.com)
• The Norwegian Directorate of Taxes 
• JD Edwards in Sweden
• Streamlining the sales order process for a telecom service provider

The importance of the accuracy of data filed to the Security and Exchange Commission (SEC) was highlighted a couple of years ago by the cases of Enron and WorldCom. After Sarbanes-Oxley as part of a series of steps to combat this the SEC announced at the end of March that 17 companies would be taking part in a pilto program to use interactive financial data in their filings. Amongst the 17 corportaions named was InfoSys.

The 17 companies taking part in the SEC pilot are:

• 3M Company
• Altria Group
• Brazilian Petroleum Corporation
• Bristol-Myers Squibb Company
• The Dow Chemical Company
• Gol Intelligent Airlines
• Infosys Technologies Limited
• Microsoft Corporation
• Mobile Reach International
• Net Servicos De Comunicacao SA
• Old Mutual Capital
• Pfizer
• R.R. Donnelley & Sons Company
• South Financial Group
• United Technologies Corporation
• Xerox Corporation
• XM Satellite Radio Holdings

 
The eXtensible Business Reporting Language (XBRL) XML format will be used to submit the data.