AS Murthy, a vetreran of Satyam has been appointed as new CEO. Previous CEO Raju was arrested on charge of 7,000 crore fraud in company in Jan, 2009. Mr. Murthy has been associated with Satyam for 15 years and was heading company's global delivery unit.
Though it could be a concern for many that an internal face will not be able to clean Satyam's name in international community (as it is still not clear who are all were invovled in scam), it could be positive for current clients as they will be comfortable dealing with a known person than a strange new face.
Another good news for Satyam is to get sanction of Rs 600 crore of loan from banks for meeting operation expenditure of company. Company board was already putting effort to collect pending receivables from client and along with this loan, company could have enough cash in hand to plan a month wise strategy for improving situation.
What do you think? Will Satyam strike back or go down?
Thursday, February 5, 2009
US Stimulus package and Indian Industry
The almost $900-billion American stimulus plan for reviving the beleaguered economy has many interesting and intriguing aspects and will be analysed and discussed for long. One which is best for India is that most of the jobs (create or save 111,300 jobs) will be created in private sectors.
Image courtesy: http://uk.biz.yahoo.com/03022009/323/photo/main-points-president-barack-obama-s-economic-stimulus-plan.html
Also three hi-tech areas have been specifically mentioned in the new plan —
1. The computerisation of medical records
2. The creation of smarter electrical grids
3. The expansion of high-speed broadband access to the Internet in rural and undeserved communities.
While last point could seem as a favour to the already favour-able Obama public and not actually for reviving economy, mind you that much of today’s economic crisis is because of sentiments at various levels which are working against reforming measures and so letting the situation worsen by itself ex. Banks are not offering loans even to some enable candidates in fear of loosing money and so actually helping in making economy poorer. This is the time for creating new jobs which is one of the major actions for bringing economy back to its feet. So you don’t know, may be the least important point might turn out to be the revolutionary one in future. Do you think different?
With advances in Internet to bring availability of unlimited broadband will change the course of many industries like education, entertainment and many other businesses. Long distance learning could prove useful for India where services can be provided by IT giants and intellectual people of India can leverage technology to find employment (at reasonably good price:)).
New $11 billion amendment to help auto industry will surely help India as many of big auto makers are client for Indian industry (mainly IT). Improvement in health of General Motors will surely means some good news for Indians who are directly (India operations) or indirectly (IT Vendor) working for GM. Aid to create new highways and improving infrastructure will also in turn motivate increase in sale of automobiles which is part of this stimulus package.
Business using new concept like cloud computing can cut cost of their current application licenses and provide services on a more global sense. While US jobs will increase for new opportunities in health care, infrastructures and networking, India can support at lower level providing services in area where it is expert.
What are your views on this stimulus package – how this will help India and especially IT?
Image courtesy: http://uk.biz.yahoo.com/03022009/323/photo/main-points-president-barack-obama-s-economic-stimulus-plan.htmlAlso three hi-tech areas have been specifically mentioned in the new plan —
1. The computerisation of medical records
2. The creation of smarter electrical grids
3. The expansion of high-speed broadband access to the Internet in rural and undeserved communities.
While last point could seem as a favour to the already favour-able Obama public and not actually for reviving economy, mind you that much of today’s economic crisis is because of sentiments at various levels which are working against reforming measures and so letting the situation worsen by itself ex. Banks are not offering loans even to some enable candidates in fear of loosing money and so actually helping in making economy poorer. This is the time for creating new jobs which is one of the major actions for bringing economy back to its feet. So you don’t know, may be the least important point might turn out to be the revolutionary one in future. Do you think different?
With advances in Internet to bring availability of unlimited broadband will change the course of many industries like education, entertainment and many other businesses. Long distance learning could prove useful for India where services can be provided by IT giants and intellectual people of India can leverage technology to find employment (at reasonably good price:)).
New $11 billion amendment to help auto industry will surely help India as many of big auto makers are client for Indian industry (mainly IT). Improvement in health of General Motors will surely means some good news for Indians who are directly (India operations) or indirectly (IT Vendor) working for GM. Aid to create new highways and improving infrastructure will also in turn motivate increase in sale of automobiles which is part of this stimulus package.
Business using new concept like cloud computing can cut cost of their current application licenses and provide services on a more global sense. While US jobs will increase for new opportunities in health care, infrastructures and networking, India can support at lower level providing services in area where it is expert.
What are your views on this stimulus package – how this will help India and especially IT?
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