Indian Shares

Indian IT companies such as Infosys, Wipro, and TCS are having to respond to the increase rate of staff turnover by increasing salaries by upto 20%. The trigger being the likes of IBM and EDS investing heavily in India and luring staff to new positions. Some analysts are predicting that India will see more and more work move to countries like China and Vietnam as the wages of Indian IT staff increase.

Andy Mukherjee at Bloomberg takes a closer look at the issue.

With over 70% of India’s population not having access to fixed line telephone services according to Maravedis there are significant possibilities for WiMax in India.

The WiMax forum defines WiMax as a standards-based technology enabling the delivery of last mile wireless broadband access as an alternative to cable and DSL. WiMAX with a range of up to 30 miles. The technology is ideal for India and explains why big telecoms companies like Nortel, Alcatel, BT and AT&T are getting involved.

Source: Maravedis predicts WiMax subscribers to reach 13 million in India by 2012

Source: WiMAX in India: Opening New Frontiers Through Broadband Connectivity

The Times in the UK has a detailed article today about the start up of Indian carrier Indigo with flights from Delhi.

Times Article : New era of travel takes off in India