Tata Group, which has been a symbol of Indian capitalism, will lose an enduring entrepreneurial legacy on Friday when Ratan Tata, outgoing head of India’s Tata group, will retire on Friday ending a 50-year run in one of India’s oldest business empires.

Ratan Naval Tata, who turns 75 tomorrow on 28 December, will be formally handing over the reins of power to Cyrus Mistry as Chairman of Tata Sons on Friday.

Ratan

Considered as one of the most-watched corporate searches in India, Tata Sons took an intense 14-month time to finally announce the name of the relatively unknown 43-year-old Cyrus Pallonji Mistry as the Chairman-Designate of the venerable Tata Group.

Under Ratan Tata, the group had grown from around USD 10 billion in revenues in 1991 to about USD 83 billion by 2011. The sleepy, underperforming entity he inherited from his uncle in 1991 was transformed into a global giant, with more than 100 companies operating in about 80 countries.

Creating a history, Tata this year became the first Indian company to reach USD 100 billion in revenues, which would place India’s largest company at the very pinnacle of global business.

It would be interesting to see if Cyrus Mistry would fit in the shoes of legendary business tycoon, Ratan Tata, which is a hard act to follow. Mistry will have to win the heart of millions of shareholders and must show he can deliver the mix of growth and probity that investors expected under his predecessor.

tata

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In a country like India where many education, healthcare, and infrastructure projects have been left in lurch due to financial crisis, the Indian economy has suffered a massive blow of USD 123 billion in black money between 2001-2010, the only South Asian country to figure in the top 20 list of such nations, a US-based research and advocacy firm said in a report.

Black money

As per the report “Illicit Financial Flows from Developing Countries: 2001-2010,” India, which turned out to be the decade’s 8th largest victim of illicit financial outflow, incurred loss of USD 123 billion in 10 years, followed by Mexico (USD 476 billion), Malaysia (USD 285 billion), Saudi Arabia (USD 201 billion), Russia (USD 152 billion), the Philippines (USD 138 billion) and Nigeria (USD 129 billion). Adding the woes, in 2010 only, the Indian economy suffered USD 1.6 billion in illicit financial outflows.

Authored by Dev Kar and Sarah Freitas, the report said that all developing and emerging economies suffered USD 858.8 billion in illicit outflows in 2010, just below the all-time high of USD 871.3 billion set in 2008-the year preceding the global financial crisis.

Commenting on the development, Dev Kar, GFI lead economist and co-author of the report said, “USD 123 billion is a massive amount of money for the Indian economy to lose. This is more than USD 100 billion which could have been used to invest in education, healthcare, and upgrade the nation’s infrastructure. Perhaps last summer’s electrical blackout would have been avoided if some of this money had remained in India and been used to invest in the nation’s power grid.”

Echoing for the same, GFI director Raymond Bake said, “While progress has been made in recent years, India continues to lose a large amount of wealth in illicit financial outflows.”

Recently, the UPA government presented “White Paper on Black Money” to address the issue of black money and corruption in public life which will set the tone for an equitable, transparent and a more efficient economy.


When a country is facing economic crisis, widening fiscal deficit and struggling with policy measures amid fund crisis, the Planning Commission spent Rs 30 lakh on building a luxury toilet for its specified category of employees. Inflating it further, an additional 500,000 rupees has been spent in installing a security system that ensures only those with a “smart card” can enter.

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Justifying the investment, Deputy Chairman of Planning Commission, Montek Singh Ahluwalia said that it was a rational investment due for a long time. But the justification seemed fake when we look at government repeatedly pleading for austerity measures to control India’s spiraling fiscal deficit.

Though, the news is not shocking keeping in light the misuse of the fund in the past, but it now appears as if the gaffe-prone leaders continue to put their own comfort before the economic and social needs of the country.

In a country where millions of people defecate in the field daily, this money could have been used to construct thousands of toilets in the country. It’s time to think before it gets too late….


Android app development ‘a new wave’ in the mobile market is predicted to be a crowning point in the mobile world. Android application development helps you to develop innovative and dynamic applications for mobile users.

The world of mobile phones is now under the grip of new technology pertaining to get access to the internet. Most of the smart phones that help the surfing of the internet are Android based. This has led to the increase in demand of Android applications. Android applications development assists in developing new and unique applications for those who use mobiles with Android platform.

Today, the mobile phone users want their device to have the latest of features and functions. There are a number of Android application developers to meet the demand of android applications. The android platform is very powerful and automatic. This makes the android platform the best alternative. This application development can bring about complete change in the appearance and feeling. The application development can bring changes in the functions of the mobile phone.

Android helps the developers to create new and powerful mobile application quickly and easily. Android is an operating system as well as a software platform for the mobile and is based on Linux Kernel. The Google along with Open Handset Alliance have developed this open source software. This is the main reason for the developers being able to customize the operating system level applications at affordable charges. When it comes to developing mobile applications, Android extends support to Java too. This facilitates the use of Android framework and Java for the creation of third party applications.

The android market also lets you get instant feedback from those who use them. Best Android apps can be directly downloaded from online to Android powered mobiles and the users can give their comments and rate the apps they have downloaded. This only lets the developers know more about how the users are receiving their applications but also help them improve the android app development process by coming to know the needs and requirements of the users.

  • Open Source Platform: Based on Linux, Android apps provides access to core mobile device functionality and rich development environment enabling you to develop powerful applications.
  • Overcome Boundaries: Built to speeding up the information gathering process and delivering exact user requested information.
  • Simplifies Development: Reduces the application development cycle, and easy to use development tools to make sure fast development.
  • Equal for all Applications: Enables developer with easy access to all applications and services and interfaces on mobile devices. Rich browser facility enables developer to enhanced service based on specific customer requirements.
  •  Open Distribution System: Android market helps publishers to promote applications directly to the user.

Another important reason of its popularity is more security options offered through some Android applications for the phone which makes calling, texting and browsing mobile phone safer. An application for Android phones named Orbot allows the users to get access to internet, instant messaging and e-mail without being monitored or blocked by mobile internet service provider. Android operating system is available on many mobile phones unlike BlackBerry and Apple which gives customers more variety of devices like HTC, Samsung, Sony Ericsson, Motorola, and others to choose from. A wide range of devices are available at different range of prices making more flexible for users to select. This is increasing demand of Android application development in the market as majority of them prefer the hand set with Android OS than others.


All the signs are there but will it happen and when?

Few months back on 15th August, India celebrated 60th anniversary of independence. For the next 12 months, we will utilize this occasion to glance at aspects of the Indian scene that offer interesting pictures of how the country has transformed in its first six decades and how it is expected to change in the years ahead.

While moving through the roads of India, you might not believe that it is going to be next international retail Mecca. Unlike the women of New York, London and Paris who look as if they’ve stepped out of the latest fashion magazines, the majority of women in India parade the streets in traditional saris, which though timeless, serve as an indication to many international fashion retailers that it might not yet be the right time to enter the market. Combine that with infrastructure challenges and regulatory barriers, and it is no wonder that India has been sitting on the verge of a retail boom for many years now.

The question remain there, when will it actually happen? Well supported by economic growth which averaged 8.4 per cent per annum over the past five years, India’s retail market was estimated at US$380 billion in 2010 and is forecasted to more than double to US$785 billion by 2015. This may appear significant, the size of India’s consumer market pales in comparison to that of China’s, whose retail market was valued at US$2.3 trillion in 2010. So why then do international retailers and foreign investors remain intoxicated over the promise of a retail revolution in India?

The concern about allowing these major operators to move into retail stems mainly from the concern that large-scale liberalization will adversely affect the large, unorganized retail sector. In a country like India that is struggling to find sufficient employment for its ever-expanding workforce, a retail model that relies on replacing low-skilled labour with technology inspires understandable scepticism. Sonia Gandhi, president of the Indian National Congress, wrote a letter earlier this year to Prime Minister Manmohan Singh reminding him to be cautious about further relaxing limits on foreign investment in retail and expressing her concern for the common person.

The combined effort of foreign retailers and local firms to gain their piece of the retail pie will bring some disruption to the existing small-scale retail sector, including an estimated 12 million small shopkeepers and 40 million hawkers as well as their families. The large operators, especially the foreign ones, have been looking at ways to mitigate this impact. Wal-Mart, in anticipation of entering the retail market directly, has outlined a plan to help compensate local retailers who might be displaced through a three-month retraining program to convert small-shop owners into sales workers.

Controlling FDI or reversing liberalization, however, will not prevent Indian firms from trying to organize the retail sector. Reliance Industries, India’s largest private firm, is already preparing a multibillion-dollar investment to create almost 2,000 supermarkets, employing more than half a million employees. Tata, ITC, Reheja, and Piramal all have similar plans.

Even evidence suggests that as more of India’s large number of young people emerge as professionals, they are likely to spend a growing share of their pay-checks and even borrow to purchase high-end luxury goods. India is already home to the fastest growing mobile phone market and boasts an automobile market growing at more than 25 percent a year. Personal consumption in India accounts for 61percent of its GDP, significantly higher than China’s 39 percent.

In addition, modernization will also create demand for jobs staffing warehouses, supply centres, and transportation routes. Such plans will not eliminate the controversy surrounding foreign investment in retail. Wal-Mart’s reputation in the United States as a hard-nosed employer bent on minimizing employee benefits will certainly influence the political response to any decision to liberalize the retail sector.

I ask you all only one question: Why a lot of debate is going on “whether FDI liberalisation should be done in India or not”? This is a bold step and people should come forward to accept it. If you love shopping in mall, eating pizza n burger, wearing Levis jeans, using Facebook & Google, so why scare of retail FDI liberalization.

From the customer prospect it is a win win situation. There is little concern for the small retailer and vendors, which will be sorted out with passage of time. If huts can be replaced with banglow, market by shopping mall, then why not shop by giant retail outlet.

Still the choice is your…………..


India, which has a population of nearly 1.2 billion and is home to 40 percent of the world’s poor, has experience paring down high-end technology and making it affordable and accessible. The Aakash Tablet is an example of a “leapfrog technology,” a concept where the latest innovations jump directly into areas where legacy technologies never penetrated. Tens of millions of people throughout India who never had access to a landline phone now walk around with cell phones in their pocket. Many of those likely to use or own the Aakash Tablet will never have used a desktop computer, and it’s possible they never will.

A similarly transformative Indian-created product is the Tata Nano car, a revolution in automobile design built to give mobility to millions of low-to-mid-income Indians. When it came out in 2009, the Tata Nano was heralded as the world’s cheapest car. But, while the Tata Nano is ultimately a destructive force — adding drivers to the congested roads and vehicle exhaust into the air — the Aakash tablet will be used to educate hundreds of millions of children.

Jugaad is an Indian word which means “to make-do.” The Aakash tablet is a Jugaad in a very high tech way. The components inside the Aakash tablet are cheap, and easily sourced. For example, the Aakash tablet has a headphone jack and an audio-in jack, but no external speakers — an obvious cost-savings measure. However, with the addition of cheap headphones, and an equally cheap microphone, the owner can make calls on Skype and has the potential to communicate with people around the world.

The Aakash is running Android 2.2, Froyo, with the UniSurfer browser installed. Made by DataWind, UniSurfer is supposed to make webpage process faster, probably to compensate for the slower processor and connection speeds. However, while browsing the Internet and testing out apps, we couldn’t help but notice that the reaction time seemed very slow. Scrolling, for example, is a swipe-and-wait affair. However, the speed is going to be quite sufficient for someone who has never in his or her life had a Smartphone or computer. It’s all relative after all. Compared with the iPhone 4s, the iPhone 3G is a “slow” Smartphone, only because speedier alternatives are available. Even in a context where the market is full of smart devices, like in the U.S., speed helps us make decisions incrementally faster, but rarely are these issues of genuine consequence.

The Aakash has both GPRS and Wi-Fi capabilities. Its battery power is limited to 180 minutes of use on a full charge, but it comes with an AC adapter. What’s important isn’t that the tablet can run off of the battery for long periods of time, but that it will still be able to work and surf the net when the power goes out.

And next month, the first Aakash tablets will go on sale throughout India, and millions of children will be able to join the tablet revolution that is transforming education, communication and entertainment across the world.


Let’s Talk About iPhone4S

In the year 2007, Apple launched the iPhone, which straight away became one of the most talked-about consumer products ever. Millions of customers queued up to be the first to buy the phone, which featured computing and Wi-Fi abilities, a crisp computer-like display with an innovative touch screen. Rivals researched and rushed to come up with the phones with similar features.

Further in October 2011, as Apple unveiled the much awaited iPhone4S, the Apple’s fifth generation handset, the competitive scenario had changed drastically. In the very first week, it broke its own record of pre-sale, notching a sales figure of four million units of the iPhone4S. The new phone is available on the AT&T, Verizon and Sprint networks.

Though, the market was anticipating the launch of iPhone5S with Android operating system. According to research firms that follow Smartphone sales, twice as many Android devices are being activated each day as Apple devices. The market analysts have told that one of the major causes of people opting for Google’s Android over Apple’s iOS is the comparative price of the phone.

There is a significant change in sales trend from 2010, when Apple and Android were roughly even, and an indication of how Android phones have captured the market and become more broadly available. Yet Apple, in several features, still remain the Smartphone player to beat, with healthier returns from the business, strong influence over mobile app developers and innovations that rivals rush to copy.

Everything you want to know about iPhone4S Accessories:

  • SIRI: The virtual assistant that identifies voice commands by users to plan appointments, utter text messages and carries out web searches.
  • Dual Core A5 Chips: Two cores in the A5 chip deliver up to two times more power and up to seven times faster graphics.
  • Advanced Camera: This just might be the best camera ever on a phone with 8-megapixel resolution and a custom lens with a larger f/2.4 aperture. Not to mention an improved backside illumination sensor, excellent auto white balance, advanced colour accuracy, face detection, and reduced motion blur.
  • HD Video Recording: Shoot stunning 1080p HD video with all-new optics, the light is always right, the colour is always vivid, and everything will look even better than you remember.
  • iOS: The world’s most advanced mobile operating system with easier ways of doing things. iOS 5 leaps comes with over 200 new features that makes iOS years ahead of any other OS.

Even though, the new Smartphone is almost similar in look to its predecessor from outside, but the iPhone4S is captivated with superior technical innards with a more advanced camera. The phone also has a more powerful chip well-known as the A5, the same microprocessor that performs as the brains inside the iPad.

The iPhone4S operates on two kinds of cellphone networks, GSM and CDMA, facilitating its operation worldwide. Prices start at $199 for a model with 16 gigabytes of storage.

Apple will continue to sell its older iPhone 4 through its wireless carrier partners, which will drop the price to $99 from $199 when customers commit to a two-year contract. An older model of the device, the iPhone 3GS, is free, instead of $99, with a two-year contract.