Inflation to 7.8%, India at Serenity.

  11:14    

   D. Nikhil
   (Editor DERIK TIMES)
Friday 12th September has put the people of India at ease when the inflation came down to 7.80% from 7.96% in July. Whereas, IIP (Index of Industrial Production) in July fell down  to 0.5% from 3.9% of June which is the lowest in 3months.RBI would pause on the interest rates keeping the figures of CPI (Consumer Price Index) & IIP .India has high food inflation, despite this RBI would not raise policies due to weak domestic demand. The deficit has come down to 11% from 13% due to the monsoon rains, the water rush has increased in the reservoir. The sowing of rice has also started early as compared to previous year.


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Price war in Airlines Industry in India.

  11:12    

Vivekanand Tripathi
(Editor DERIK TIMES)
Indian Airline Industry in today’s era is rapidly changing. All the companies are now announcing their offers that are comparatively available at a cheaper rate than before. Customers are the one who will get maximum benefit by this scenario, because every company wants to compete with each other and they also want profit maximization.
Spice-Jet started fare cut with 30% discounts and now it’s offering 50% discounts. Indigo India’s largest passenger carrier) slashed its fares by around 50% for 30-day and 60-day advance purchases on its website.
Go-Air and Jet Airways are also following the same, Jet Airways offering 1999 ticket to travel period between (October 7, 2014 to January 15, 2015) 
WHY?. Air Asia (shares- AirAsia-49%, Tata and Sons-30% and Telestra Tradeplace 21%)Entry of a big competitor named Air Asia is a big reason of this kind of Price war in the country. Air Asia is a well-known airline company globally and it’s providing a very affordable air travel in India.
Present scenario. Airline sector is not in a very good condition at present. Companies are cutting down their ticket prices and offering more discounts to compete in the market for a long time, they’re forced to do so because of a new entrant Air Asia in the market. Air Asia is a company with a tag line “Now Everyone Can Fly”, it provides very affordable tickets. The Indian Airline Industry is reforming after the entry of Air Asia.



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Ford Is About To Launch 4 New Cars In The Indian Car Market .

  11:12    

Vivekanand Tripathi
(Editor DERIK TIMES)
Ford Motor Co. is planning to launch 4 new cars in India by next 2 years, also focusing on locally made parts to reduce cost. Other global companies are also launching their car models in the country in upcoming years. Ford’s market share has been increased from 2.9% to 3.4% this year. Due to slowdown of Indian market Ford is unable to meet their previous target of 8 new car launches till 2015.
WHY? Since India’s economy is down by last two years. IHS Automotive is expecting India’s car sales to grow 5-10% in upcoming years just after slowdown.
Present Scenario. India's automobile exports have grown consistently and reached $ 4.5 billion in 2009, with United Kingdom being India's largest export market followed by Italy, Germany, Netherlands and South Africa. India's automobile exports are expected to cross $12 billion by 2014.
According to New York Times, India's strong engineering base and expertise in the manufacturing of low-cost, fuel-efficient cars has resulted in the expansion of manufacturing facilities of several automobile companies like Hyundai, Nissan, Toyota, Volkswagen and Maruti Suzuki. Ford is currently exporting their Indian manufactured cars to 37 countries from India and their target is to expand it to 50 countries in next 5 years.
Key People Involved: Nigel Harris

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India’s telecom industry- Non-profitable and bureaucratic.

  11:10    

Mirinal Chaman
(Editor DERIK TIMES)
Doing business in India is becoming difficult for foreign companies because of slower government clearances. The telecom industry, if looked from an international perspective, is a mess in India. It seems to come from this concept that has been developed in the past, that more the competition, the better. But it looks as if it is backfiring because companies are winding up their businesses or selling their stakes. The recent example is of NTT Docomo that sold its stake in Tata and left the country.The current telecom Industry in India is struggling to withhold their foot. No doubt there is a vast market ahead that offers good returns but the share is getting smaller day by day. The new policies of government keep budding up and it creates havoc for the companies to run their business.


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India is becoming a sinking ground for global car manufacturing hub.

  11:09    

By  Mirinal Chaman
(Editor DERIK TIMES)
India’s dream of becoming a global car manufacturing hub, could be kept aside locked in a locker for the time and would just be a dream as the for deign car manufacturing giants are clearly uninterested and skeptic about the condition of India. This is basically happening because of several listed reasons that need to be totally eliminated from this country like Bitter business climate, Stringent taxation policies varying from state-to-state Creaking rail, port, road and other infrastructure. There is an Urgent need to improve the general infrastructure -- spanning from roads, harbors, railways to electric power and water supply. India has an opportunity to build a globally competitive (automotive) industry but to realize its full potential; the sector needs "a clear roadmap." Only 17 out of 1000 in India own a car compared to 800 out of 1000 in United States. So companies are having a clear cut advantage of manufacturing here due to its cheap labor costs and other factors but red tapism and pendulum infrastructures are the major hindrances. India can also be seen as potentially untapped market for selling automobiles.



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The E-Presence of newbies.

  11:07    

                          By Shreshth
                  ( Editor Derik Times)
Xiaomi - About 40 minutes. That is all it took for Chinese mobile maker Xiaomi to sell 95,000 Mi3 phones in India through ecommerce site Flipkart in six flash sales, signaling the growing power of online retail in the country.
Why. E-commerce in India, with its over 250 million internet users and 900 million mobile subscribers, is only going to expand further. Indian companies have stopped using the traditional retail route because the overhead costs gets passed onto  the customer.
Future Impact. Realising this, even traditionally offline retailers such as Aditya Birla-led Madura Garments and Kishore Biyani's Big Bazaar are choosing to enter the online terrain. About 30% of Madura Garments sales come from online sales via sites such as Flipkart and Jabong.
Gujarat-based Arvind Limited, which markets brands such as Arrow, Lee, Wrangler and Tommy Hilfiger in India, has started its online venture Creyate. The site lets users customize shirts and jeans online. However, many brands are shying away from setting up their own online distribution channels. Some who entered the online segment years ago are reviving their web strategy. Mobile retailers entered the online space eight years ago but re-launched its online platform last year.
How Firms are shifting to the E-World of commercializing
The Tatas, Biyanis and Birlas have already made investments of over $2 billion (Rs 12,000 crore) each in retail. They can garner enough cash pile to take over online players such as Flipkart and Amazon.The Tatas-led Croma set up its online store CromaRetail.com two years ago. It now earns revenue of Rs 1.5 to Rs 2 crore per week. Ecommerce is also a factor in the offline expansion strategy in India's $518 billion (Rs 31.5 lakh crore) retail sector. Aditya Birla-led Madura Garments, which owns brands such as Louis Philippe and Van Heusen, has launched TrendIn, an ecommerce portal that supplies across India. Even small traders are now ordering on this channel.
Online retailing, both direct and through marketplaces, is expected to touch Rs 50,000 crore by 2016, according to ratings agency Crisil.


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Learning a valuable lesson

  11:03    

                         By  Suhail Mir
                  ( Editor Derik Times)


For a nation regarded as a software programming powerhouse, the episode has salutary lessons. While skills in traditional computer languages are meant for stitching software applications and maintaining large mainframe computers are a strength ignoring some of the key languages is a big mistake for many IT firms. Out of a total of 38 programming languages worldwide, 13.95% of all code submitted was in Python, while 19.92% submissions were in Java, and 15.72% in C. The maximum number of solutions were submitted in C++ with 37.7%. But skipping Python is one of the biggest regrets that a s/w engineer can admit.
Python is the second most popular programming language this year for development on the web after Java. Python is yet to find a place in the teaching curriculum of schools or universities, most of which continue to teach the conventional languages such as C, C++ and Java, unlike countries like the United States and United Kingdom where universities and schools now impart Python training.
one of India's top software companies was faced with quandary. It had won a $200 million (Rs 1,200 crore) contract to develop an app store for a large US bank, but did not have adequate numbers of programmers who could write code in Python, the language most suited for the job. Eventually, it paid thrice the billing rate to a group of freelance Python programmers in the US.  Python is a hot skill that is commanding a premium over traditional languages. For Python programmers with about six years' experience, the salary could be up to 30% higher than for those with skills in traditional languages. 


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