Shift in Infosys management panel…

Infosys

Infosys was founded on 2 July 1981 by seven entrepreneurs, N. R. Narayana Murthy, Nandan Nilekani Krish Gopalakrishnan, S.D. Shibulal , K Dinesh with the present value of $6 billion.

Narayana Murthy who was the founder of company,needs no introduction, he started the company by borrowing Rs.10,000 from wife Sudha Murthy will retire in in august 2011

Nandan Nilekani was of the originator of Infosys became the CEO of Infosys in March 2002, taking over from Murthy. Nilekani served as CEO of the company from March 2002 to April 2007, when he relinquished his position to his colleague Krish Gopalakrishnan, becoming Co-Chairman.He left Infosys on 9 July 2009 to serve as the chairman of the Unique Identification Authority of India.

Krish Gopalakrishnan another founder Infosys Technologies Limited. The initial years of his responsibility at Infosys included management of design, development, implementation and support of information systems for clients in the consumer products industry. But after he took over as CEO and MD his functions included Customer Services, Technology, Investments and Acquisitions.

S.D.Shibulal,was supposed to be the best niche for this place. He’s the co-founder of the company. On June 22, 2007, Shibu took over from S. Gopalakrishnan as Chief Operating Officer. According to the company website, Shibu's focus has been on increasing competitiveness, improving customer experience, enhancing employee engagement and increasing the depth of services.On April 30, 2011, Shibu took over the role of Chief Executive Officer.

This was about the creators of Infosys and the deciding panel for choosing new CEO and MD was laid by Jeffrey Sean Lehman. He stated this thing Narayana Murthy's successor is not his replacement.

But now finally KV Kamath appointed new chairman of Infosys, Shibulal new CEO functioning from 21^st august,2011.

He is the non-Executive Chairman of ICICI Bank, the country's largest private lender. KV Kamath was a natural choice as he was a non-IT person and he has a very acute mind he would have the same kind of keen sense in the business even if he was from the IT industry.

Shibulal as already mentioned is a person who will ensure that his leadership transition is smooth along with making other organisational changes to strengthen our market position and ability to serve our clients better.

While Krish.Gopalakrishnan continued to hold his position as Executive Co-Chairman of the company and will work on enhancing customer, employee and investor connect ensuring that this company moves forward in the strategic direction that it has been set.

According to Mr.Murthy he’s leaving his company in capable hands These three leaders meld an extraordinary range of talents and experiences with a united commitment to drive the company... We could not be in better hands…

Ascending Crude oil Prices

As we all are familiar with rising commodities (like discussed about silver in previous post) and crude oil too…

There are many reasons responsible for the price rise in crude oil in 2010-11.If we focus on some factors then the prime causes are:-

1. 1. BP(British Petroleum) oil spill-It happened on 20 th April,2011 in Gulf of Mexico. It is the largest accidental marine oil spill in the history of the petroleum industry. It is believed that the daily flow rate diminished over time, starting at about 162,000 barrels of oil per day and decreasing the reservoir at a considerate level.At that time crude oil hit the levels of $100.

From then onwards demand for crude oil reached new heights.

2. Unrest in Egypt-Global oil prices could exceed $110 a barrel when political unrest in Egypt continued because of their president Hosni Mubarak, and the other main reason was agitation near Suez Canal or the Suez Mediterranean (SUMED) oil pipeline which passes near Cairo. The canal ships 1.5 million barrels per day (bpd) of crude and the pipeline carries 1 million bpd. Together they account for nearly 3 percent of daily global oil demand.

All this ultimately affected the global oil prices.

3. Libyan turmoil-Growing anti-government movements, military suppression due to Muhammad Gadaffi administration increased more of public chaos and serious political problems. According to OPEC(Oil and Petroleum Exporting Countries) Libya comprises of total 2 % of world’s oil share. It exported 9.7 billion cubic meters to Europe in 2009-10.The actual civil war in Libya was longer than in Egypt, which led Libya to more losses and at the end we could see crude oil trading between $115 - $120.

Other reasons were Dollar-denominated commodities become cheaper with a weak dollar, in turn increasing the price of oil and Heating oil demand from the Northern hemisphere along with debt crisis in euro-zone.

Present situation

Top oil exporter Saudi Arabia is unhappy with high oil prices and concerned about their impact on the global economy. Unrest and violence in North Africa and the Middle East and strong demand growth in Asia have pushed prices to their highest levels since 2008.Rising fuel demand led by growth in China, India and the Middle East has outpaced Riyadh's expectations, and Saudi Arabia now sees medium to long-term oil consumption higher than it had previously anticipated.

If we see further rising demand should push up crude oil prices in 2011 in the near term. At the same point in time ,lack of new significant oil discoveries confirm that there is an impending oil crisis that will hit the global economy. This would further drive up already accelerating oil prices.

That was all…but still if you are more interested in looking for oil prices then following is the link

http://www.oil-price.net/en/articles/oil-price-at-comfortable-level.php

take care..stay blessed..:)

Hey wats up friends..??

Its been long since I posted..so here I go…as we all are aware of rising silver prices..but whats the reason behind it increasing so suddenly and that too so steeply…and why only silver not gold…???????????

In 2007 commodity prices soared when there was actually a slowdown in the global economy. Then there goes a concept of USA Federal Reserve intervention that keeps track for all the currency reserves. For maintaining their own accounts, they keep on printing dollars which ultimately reduced the value of currency and increase the value of commodity in global markets. Silver remains valuable because it is in great enough supply to be useful as money. Silver is not only used as money and for jewelry. It has many industrial uses.. We need it for mirrors, medical devices, as catalysts in chemical reactions, in photovoltaic cells for solar-power technology, in rechargeable silver-zinc batteries, in household appliances and in high tech products such as cell phones and TVs. 45% of the demand for silver comes from the electronics industry alone. Increasingly, silver antimicrobial and antibacterial qualities are being used in many types of medical applications. There are many ongoing research projects on the use of silver based compounds for therapeutic and antibacterial purposes. Increasing industrial demand and application for silver forecast higher prices due to economic growth in China, India, Vietnam, and Brazil. Their growing middle classes are now demanding the quality of life and standard of living enjoyed by many in the West and thus the demand for silver will likely increase.

As gold prices continued to move higher, silver buying increased. People have now even shifted to silver as an investment avenue which earlier was limited to gold. Gold is harder to find and mine. Silver is relatively more abundant and can be consumed in industrial processes. The gold silver ratio has exhibited quite a bit of volatility. A higher ratio shows both gold strength and silver weakness. When the ratio declines – as it appears to be doing right now – it means silver is getting stronger. It should be noted that a declining ratio doesn't mean the gold price is falling. It could mean that both metals are rising, but that silver is rising faster than gold. If we see records for the past five weeks Silver had just soared 33% in five weeks. Gold only went up just 4% over the same period.

Summing up, the short-term signs appear bullish for precious metals market.The rates of silver are likely to drop up to Rs55,000 and again it may go beyond Rs70,000 in near future…

Go and get silver as soon as possible…It’s a very beneficial deal for future..

And I hope I was able to explain you with the relevant points..

Take care…have a great time…

Hey friends...Wat's up..??

Governments come and go. But their visions outlined in the annual fiscal planning (the Union Budget) have a long lasting impact on the economy.

A view of Indian Economy in terms of Gross Domestic Product (GDP)

1.Savings to GDP-

In Financial year(FY08) a person used to save 37 % out of his income but presently due to soaring prices of almost all commodities its reduced to 32 %.

2. Investment to GDP-From Financial year(FY08) investments have been reduced from 38 % to 31 %

As we all are aware of rising inflation and Global Macroeconomic crisis so how should be the budget and what is the wish list of a common man..??

Considering the different sectors that affect the Indian Economy

1.Construction and Real Estate-India is on the verge of witnessing a sustained growth in infrastructure buildup along with a slew of announcements in housing, road, port and airport development. Government has given Rs 1,735 billion earmarked for the infrastructure development in FY 2011, we believe this a step in the right direction. Other than that what other expectations are better funding mechanism for infrastructure projects and

Lowering provisioning norms for bank lending to construction/real estate companies. This will infuse liquidity and re-instill confidence in the battered down sectors.Providing additional tax breaks in order to encourage private sector participation in the infrastructure sector. 2.Energy-2010 has been a crucial year for Indian energy sector as oil and gas industry witnessed long awaited reforms like deregulation of petrol prices and substitution of oil bonds with cash subsidies.It is unlikely that Government will deregulate diesel prices due to high inflation levels and forthcoming state elections. Rather, it may slash taxes and duties on refined petroleum products and crude oil to ease the under recoveries burden for Oil Marketing Companies(OMCs) 3.Information Technology (IT)-The last couple of quarters have been encouraging for the Indian IT industry.India will continue to dominate the IT off shoring market. This is because of the fact that global clients are now trying to justify every dollar they spend towards technology outsourcing. Hence, there is a growing pressure on technology budgets that will force companies in the US and Europe to outsource to the low cost but high value destinations like India and avoiding litigation along with reduction in minimum alternative tax for companies. 4.Banking-n the current fiscal (FY11), the Indian Banking industry has had to deal with tight monetary policy and low liquidity. This is despite the economy expected to grow at a healthy pace of 8.6% this fiscal.So the areas of concerns are Tax benefits on long-term infrastructure bond investments,Higher exposure limits for banks to finance UMPPs (ultra mega power projects) and other power projects,Liquidity concerns need to be addressed as the situation has not completely eased yet,The Government set up a Financial Stability and Development Council (FSDC), a regulatory body to oversee issues related to regulation, financial inclusion, and financial stability during the last budget. More clarity on the working of the same is needed. 5.Fast Moving Consumer Goods(FMCG)- This sector along with companies showing solid growth and firm margins. However, as the year progressed inflation played spoilsport. As input costs continued to climb, margins of FMCG companies came under pressure. The considerable changes can be road map for implementation of Direct Tax Code and goods and services tax.Exemption of oil refining industry from excise duty and Expand limits for income tax exemptions. 6.Telecom-The Indian telecom industry has continued with its strong subscriber additions during the current year. At the end of December 2010, the total subscriber base stood at nearly 747m, of which wireless subscribers contributed to nearly 94%. As we are all aware of 2G and 3G scams so the basic need now is Clarity on the tax treatment for the 3G spectrum fee outflow. So,thank you for giving your precious time in reading this... Soon I"l be updating the details of upcoming BUDGET... Lastly as I always say please leave your suggestions and comments Thanks you...

British Petroleum ( BP ) is making one of the biggest foreign direct investment(FDI) in India, with a $7.2 billion tie-up with Reliance Industries to explore for deepwater oil and gas.BP will take a 30 percent stake in 23 oil and gas blocks and form a 50:50 joint venture with Reliance for the sourcing and marketing of gas.

In the fiscal year that ends in March, India is on track to bring in $27.6 billion in FDI inflows, down from $35.6 billion in the previous year.

Below are some facts about major foreign investments in India:

* India's environment ministry last month approved plans by South Korea's POSCO to build a $12 billion steel mill, a boost for the foreign investment climate in Asia's third-largest economy after several setbacks for big ticket industrial projects.

* Vodafone entered India in 2007, paying $11.1 billion to buy a 67 percent controlling stake in Hutchison Whampoa Ltd's mobile business in India, in which India's Essar Group is a partner. The deal is the largest inbound foreign direct investment to be completed.

* Miner Vedanta Resources' planned deal worth up to $9.6 billion for control of energy firm Cairn India, slowed by disagreement over royalties, will be decided by India's cabinet, which could delay it further.

* Japanese drug maker Daiichi Sankyo paid up to $4.6 billion in 2008 for control of India's Ranbaxy Laboratories Ltd.

Change in United Progressive Alliance(UPA) policies

The following are the new list of ministers

1.Corporate Affairs-Murli Deora

2.Planning Ministry-Ashwini Kumar

3.Culture(Housing and Poverty Alleviation Portfolio)-Kumari Shelja

4.Heavy Industries and Public Enterprises-Praful Patel

5.Coal-Sai Prakash Jaiswal

6.Rural Development and Panchayati Raj-Vilasrao Deshmukh

7.Urban Development-Kamal Nath

8.Steel-Beni Prasad Verma

9.Micro,Small and Medium Enterprises(MSME)-Virbhadra Singh

10.Tourism-Subodh Kant Sahay

11.Sports and Youth-Ajay Maken

12.Water Resources and Minority Affairs-Salman Khurshid

13.Petroleum and Natural Gas- S Jaipal Reddy

14.Civil Aviation-Vayalar Ravi

Success story of Gujarat

Hey friends…Hope you enjoying 2011…
In this post I would like to make you all familiar with some facts related to “Success Story of Gujarat”.
Today India is the second fastest growing economy in the world and is in full force to become the next economic superpower, and the most striking feature is that Gujarat with its developing and developed industrialization, infrastructure opportunities, and an investment friendly environment will become the biggest investment destinations in south-east Asia along with its one-third contribution to Indian GDP( $450 billion).
Gujarat and its political, social and business leadership have contributed substantially to the growth of India. The vision and headship of Chief Minister Narendra Modi has made a major difference in visibility of the state on the global front and state is growing at a rate higher than the national average.
The Vibrant Gujarat model was attended by The Ambani brothers, Tata Group Chairman Ratan Rata, Godrej Group Chairman Adi Godrej, Mahindra & Mahindra Ltd Vice-Chairman & Managing Director Anand Mahindra , Larsen & Toubro Chairman & Managing Director AM Naik, Aditya Birla Group Chairman Kumar Mangalam Birla, ICICI Bank Managing Director & CEO Chanda Kochhar, Britannia Industries Managing Director Vinita Bali, former ICICI Bank MD & CEO KV Kamath, and Bharti Group Chairman Sunil Mittal.
Power
Gujarat will become a powerhouse as there are 23 power plants in the state of which 9 are thermal power plants. The state has some leading power generation companies including Tata Power Ltd, Adani Power Ltd, Torrent Power Ltd, NTPC Ltd. Moreover it is gifted with enough of both renewable and non renewable sources, e.g.300 days of high solar radiation levels, on wind energy front it has recorded 99.6% of maximum generation.
Future Prospects-Adani Group Chairman Gautam Adani has announced Rs 80,000 crore investment in ports, power sector and infrastructure in Gujarat at the fifth edition of Vibrant Gujarat Summit 2011.In power generation while they have commissioned 2,000 MW at Mundra, additional 2,600 MW will be commissioned by March 2012. Further we are also building 3,300 MW at Bhadreshwar in Kutch, 600 MW at Dahej and 4,000 MW at Dholera Special Investment Region(SIR). In Rann of Kutch there will be an Solar Power Park spread across 3000 acres of land, will see Rs.15000 crore of investment and produce 1000 MW of power. Anil Ambani-led Reliance Group also said it will invest Rs 50,000 crore in the state in the next 5-7 years on various projects in power and cement.


Shipping Industry
Gujarat is emerging the hub for global ship building industry with huge investments pouring to give a complete makeover. Already companies have pull up their socks for initiating work at Dahej, Navlakhi, Mandvi and Bhavnagar. Alang is already one of the world’s largest ship breaking yard.
Gujarat handled a total cargo of 1528.14 lakh tons up by 4% against 1475 lakh crore. Gujarat Marine Board(GMB) has identified Dahej to be a global maritime destination and as an ideal location for maritime R&D and 10 more Greenfield sites for development as direct berthing deep water ports
The main companies working on it are Gujarat Pipavav Port Ltd in Saurashtra region and Gujarat Adani Port Ltd at Mundra in Kutch.
Corridor Development
Government has already proposed Rs 3.6 lakh crore 1500-km-long Delhi-Mumbai Industrial Corridor(DMIC). India is in process of developing world class industrial regions in the corridor between Delhi and Mumbai which will be equipped with an array of infrastructure facilities such as power,rail. The DMIC will cover approximately 180 million people,14 % of Indian Population.
Also Mitsubishi and Hitachi are planning to establish a number of Smart Eco Cities in DMIC region of Gujarat e.g. First smart Eco City to come up in the state will be at Dholera with an area of 900km2.
Siemens India is planning to set up a wind turbine manufacturing unit in Gujarat at an investment of Rs.500 crore, which will generate 200MW a year.
Reason behind success of Gujarat
Real sustainable development and growth goes beyond marketing and showcasing and that is what’s happening in Gujarat Every Gujarati as a brand in himself. It is the business acumen, hard work and will power of each and every Gujarati,that has put Gujarat on the top. In the success story of Gujarat what is more important is public participation. In addition to public participation mentioned earlier, the products of Gujarat speak for themselves and Gujarat’s success rests not with Narendra Modi but with TEAM GUJARAT.
I hope all of you find the above information informative..
Please do come up with your suggestions and comments…
Thank you…