It is like the return of a prodigal son. Infosys, the Indian IT group, hived off its “products, platforms and solutions” business this year into a wholly-owned but independent subsidiary known as EdgeVerve.
The unit was first formed two and a half years ago as part of the group’s efforts to move into higher value businesses. But that strategy – dubbed “Infosys 3.0″ – has taken a back seat in the past year as the focus shifted back to the traditional IT services that are bread and butter for Infosys. Now, as the parent group’s financial results improve and a new group chief executive arrives next month, this young but fast-growing subsidiary is poised to come back into the spotlight. Continue reading »
By John Calverley, Standard Chartered
Concern over rising inequality has increased in recent years. While inequality has fallen between countries, as rapid economic growth has helped emerging economies catch up with the developed world, there seems little doubt that inequality within countries has risen for most.
Technology is just one factor at play – along with globalisation, taxation and reduced union power – but its effect on economies is a key to understanding how income gaps evolve over time. Continue reading »
Even before the Bharatiya Janata Party (BJP) published its election manifesto and before India’s new prime minister, Narendra Modi, set out his plans for the country, there was something different about the winning campaign.
The 63 year-old candidate revolutionised electioneering in India which, until then, had relied on billboards, handouts and door-to-door appeals. Suddenly, a leading politician was active on social media, reaching out to the diaspora through Google Hangout sessions and reaching the far corners of the country with video links and holograms (pictured). Now, Modi plans to change his administration in much the same way. Continue reading »
By Nick Davidov
The hallmark of the Ukraine crisis is uncertainty – we simply don’t know how it is going to develop. Normally, this would be a drain on confidence. But as the situation stands, investment remains strong, particularly in Russia’s tech sector. This is because Russian tech companies are fully integrated into the global economy – they don’t just sell products and services to western markets. Major players like virtualisation company Parallels Inc and security software firm Kaspersky are particularly strong in emerging markets. Continue reading »
It sounds improbable. Dogged by closed borders with Turkey and Azerbaijan, a narrow export base, pervasive monopolies and an over-reliance on remittances from abroad, Armenia’s economic future poses plenty of questions. Could one answer come in the shape of a tablet? Continue reading »
By Marco Veremis of Upstream
The App Store has recently celebrated a milestone, achieving $10bn in app sales since its inception. Something certainly remarkable, but how far will this success stretch beyond the western world? With the western market reaching saturation, there are swathes of potential new customers in markets including Latin America, Asia and sub-Saharan Africa who are eager for mobile content.
But can Apple and other players emulate their success further afield? Continue reading »
The Eike Batista yard sale is not over just yet, it seems.
Brazil’s former richest man is expected to conclude as early as this week the sale of his 33 per cent stake in the country’s treasured semiconductor venture, SIX Semicondutores. The buyer is Argentine billionaire Eduardo Eurnekian, head of the holding company Corporación América. Corporación América confirmed it was in the final stages of buying the stake after Eurnekian visited the site of the half-finished semiconductor plant in Brazil’s Minas Gerais state on Monday. Eike’s EBX group did not respond to requests for comment. Continue reading »
The 10th in our series of guest posts on the outlook for 2014 is by Hans-Holger Albrecht of Millicom
It’s no secret that more and more telecoms firms have been looking to emerging markets as the frontier for growth. But what will be the market drivers in 2014 as companies look to expand? What trends will the industry’s savvy players look to exploit? Here are 10 trends for 2014 to watch out for. Continue reading »
It has become one of Brazil’s longest-running soap operas, or ‘telenovelas’: where is the country going to buy its new fighter jets?
Brazil has been talking about refurbishing its air force for more than a decade now, flaunting around a contract for 36 fighter jets that is seen as one of the most coveted deals in the global defence industry. While the contract itself is estimated to be worth at least $4bn, maintenance and follow-on deals would be worth even more. Continue reading »
Nokia, the Finnish telecoms group, asked the Delhi High Court on Thursday to release factory assets frozen by tax authorities this year, as it prepares to hand its mobile devices unit to Microsoft.
Back in September Microsoft announced plans to buy the loss-making business from cash-strapped Nokia for €5.4bn. But in India, the deal faces a small complication: a $321m tax dispute in which Nokia’s local assets were frozen. Bank accounts have subsequently been released but fixed assets – including a factory in Chennai – remain stuck in limbo. Continue reading »
By Bok Deuk-Kyu of the Samsung Economic Research Institute
Fresh signs of the Chinese economy regaining its footing won’t necessarily lead to a huge windfall for Korean exporters. China is the top destination of Korean exports but structural changes have made selling Korea’s vital intermediate goods to China an increasingly tough challenge. The negative impact on the Korean economy is expected to mushroom, creating an urgent need for industries to devise pre-emptive measures. Continue reading »
Russel can make you look very popular: for as little as $15 he can give your fan page on Facebook 1,000 unique ‘likes’ in three or four hours. Russel is a Bangladeshi entrepreneur who featured in an investigation by Channel 4’s Dispatches programme into the fraudulent side of internet marketing. What it found was that Russel’s employees were part of a huge ‘cyber reserve army’ at work fraudulently assisting brands to appear popular online.
The ‘fake like’ industry appears to be thriving just as Bangladesh struggles to establish its own orthodox IT sector in the shadow of its giant neighbour, India. Continue reading »
PC companies just can’t get a break.
Shipments from the Taiwanese manufactures that make most of the world’s desktop and laptop computers hit a three-year low last quarter as consumers waited for fixes to Windows and decided to buy tablets and smartphones in the meantime. For those Taiwanese companies, those disappointing stats are one more reminder of the need to diversify away from their core PC business. Continue reading »
Pieces of HTC’s recent management shake-up seem to be falling in place with its announcement on Thursday of new leadership for its south Asia operations.
Most notably, the struggling Taiwanese smartphone maker says its new head of south and southeast Asia has come over from the key competitor HTC has been trying hard to emulate – Apple. Continue reading »