TCS targets 1billion profit...........

IT major Tata Consultancy Services (TCS) today commercially launched cloud computing services and said they could generate $1 billion in revenue over five years from the small and medium business segment.

Cloud computing helps users get access to hardware and software from companies like TCS on pay-per-use basis, without having to set up their own IT infrastructure.

"We have been running pilot of our cloud computing services since last one year. Today we announce to launch it commercially. These services have been built by SMBs for SMBs," said TCS MD and CEO N Chandrasekaran.

"The contribution of SMB segment in our revenue is negligible but in next five years time we expect to garner USD 1 billion from this segment by help of these services," he added.

TCS has observed that worldwide spending of SMBs on information and communication technology has been growing at three times the pace compared to large companies.

As per a TCS study, Indian SMBs spent USD 11.9 billion in 2010 on IT and it is expected to grow to USD 48.5 billion by 2015.

Chandrasekaran said TCS has designed these services based on the feedback of Indian SMBs.

TCS had been running pilots of cloud computing services for one year with 130 clients. These clients have now turned in to commercial cloud computing user of TCS.

TCS will provide everything to its customers right from the level of hardware, software and even network solution, which will include devices and services for enabling connectivity of its customers with cloud platform.

"Our customer will not have to invest any money separately for any hardware or software. We will provide end-to-end solution," Chandrasekaran said.

The services will be offered on pay-per-use model. Chandrsekaran said that the final price of offering will evolve period of time and will depend on the requirement of the client.

Banking sector gets continous support from govt............

after daily basis interest calculation now govt. decided to stimulate people for bank accounts by penetrating in rural area

yeah this was expected from the govt because banks are the most important link of financial system as our economy is developing so we need more money in circulation for growth perspective,

as we all know this that indians has more mobiles than a bank account only 40% of indians having bank account which is not good from the indian point of view means there are still atleast 50crore people those are not facilating the bank account thats why their money is not able to grow ............

and thats why their standard of living is also not able to grow but now as our FM says that 73000 villages those have population more than 2000 will be under banking rule so this news can bring up the bankig share specifically for state bank of india .............

in india there are only 38% banks branch in rural area which is not satisfactory numbers at all ...........

still huge market is untrapped now banks should go towards efficient working as base rate introduced & hope some more banking license can given in coming budget so market is untrapped but competition is tough.............

controversial reliance......

in present time reliance is the biggest issue in indian stock market everybody is talking about reliance chevron atlas deal about shell gas in united states.

and now junior ambani Mr. anil ambani announce that there is a conspiracy against reliance (adag) shares just because some institution dont want rise in the prices of reliance but the problem is of shell gas mukesh ambani's short cut to get deal of shell gas from atlas get failed 

so now i think this is not the right time to invest in reliance and i think something more is going worng in reliance ............

and if reliance get sick then there will be worst condition for nifty because reliance has 3% weightage in nifty which is huge then nifty i think get support at or below the 5000 points........

japan in trouble............

the problems continues for japanease economy as chinease economy overtake japanease economy now there is problem of debt to equity ratio in japan the ratio of debt to equity in japan is as high as more than 100 which is one of the big reason of trouble because japanese economy directly related to crude oil prices as japan's 80% energy needs comes to full fill by import but in present scenario the crude oil prices is continously growing just because of devaluation of dollar and egypt crisis n now thats why japanease FII completly exited their funds from indian capital market

but now i think the problems is now for automobile sector as japan is the biggest importer of automobiles for india particularly in sedan cars segment then the prices of maruti share can fall ....................

so this is not the right time to invest yours precious money in automobile sector..............

chinese influence..................

as china increased their interest rates the crude oil price falls this is the simple indicator that upto what extent china is going to influence the world scenario...........

this is also shown that its time of yuan now dollar is past.............

just because of this increase in the interest rate the demand of crude oil will fall because in present china is the largest consumer of crude oil it recently over take US 

and increased interest rate will cut money from the economy and it will be costlier to take money from banks and ultimately the demand will fell down...........

this is the time of power shifting from west to east.... economic power shifting............

Defensive approaches continue in india...............

this is the news related to the trade between india & iran..........
as we all know that iran exports crude oil to india and due to this import we have deficit trade account with iran but some time back india paid the bills of crude oil in indian rupees and iran has accepted this and iran's govt. said that u should deposit all the indian currency in the bank of iran situated in mumbai so iran can further purchase some indian goods which they actually import from india but this would not be able to balance the trade figure between india & iran but very obviously this does in the long run as this trick saves lots of time and precious money of both the countries they are able to save money from dollar exchange rates..........

but RBI refused to payment for irani crude oil in rupees and gives a very absurd reason that this process will lead to a great reserve of INR for iran which they can use for the shake of crash the indian currency...........
one thing i dont why i think that if india want to be a world power than u have to give some liberty and this will reduce the trade deficite between india & iran but RBI has payment iran in euro's which one more example of very conservative one can say poor approach...........