That is IT in December 2010


In the general developments,

  • French President & Chinese Premier visited India in December 2010
  • Toyota launches “Made for India” car “Etios” on December 1, 2010
  • Organized sector added 1.13 million jobs in India in 2010 (nearly two thirds by IT/ITES)
  • Wipro Chairman Premji transfers Rs 8,846 crores worth shares to AP Foundation
  • Adani commissions 660 MW thermal power plant in Mundra (in Gujarat) on December 27, 2010; a super critical power plant, that will be part of 4,620 MW plant by 2012 making it India’s biggest by then
  • Bangalore Metro trials started by end December 2010; likely to get commissioned in January 2011
  • With 88 million square feet of Grade I office space, Bangalore is only next to Shanghai at 95 million and surpasses Singapore with 76 million square feet; Mumbai has 47 million and Delhi NCR has 45 million
  • Moser Baer commission 5 MW solar power plant in Tamil Nadu
  • Thousands stranded at European airports in December 2010
  • GSLV rocket explodes on December 25, 2010 causing minor damp to India’s Space technology success
  • 2G scam in India, and WikiLeaks globally crowd the frontline news in December 2010!

 

 

In the products arena,

 

  • Google launches Cr-48 Chrome OS powered Netbooks on December 7, 2010
  • HP Dream Screen 400 information appliance targeted at first time users reach markets in India
  • Notion Ink’s Adam Tablet starts selling
  • BlackBerry launches OS 6.0 powered Bold 9780 in India

 

In the market-place,

 

  • Indian marketplace raised Rs 11,00,00 crores in year 2010
  • British consumer goods giant Reckitt Benckiser bought out Paras Parma the owner of “Moov” for a whopping Rs 3,260 crores on December 13, 2010
  • Dell buys storage vendor Compellent for $ 860 million on December 10, 2010
  • Siemens decides to sell off its IT arm to Atos Origin
  • Sensex closed at 20,509 on December end http://www.bseindia.com/histdata/hindices.asp)

 

The Indian IT Companies continued to do well

 

  • Cognizant headcount crosses 100,000 on December 3, 2010, the fourth Indian IT services company to reach this milestone after TCS, Infosys and Wipro
  • Mastek buys insurance services software company SEG software on December 1, 2010
  • TCS bags Deutsche Bank deal worth $ 100 million on December 24, 2010

 

 

MNC Companies in India continue to grow their India operations

 

  • The world leader Dell with $ 53 billion annual sales, has 23,000 of its 96,000 people in India as of 2010
  • Huawei to invest $ 2 billion in India over the next 5 years and start a manufacturing plant in Chennai
  • Juniper Networks to create its 4th Center with 750 seats in Bangalore in 2011
  • Texas Instruments starts its Kilby Labs (named after TI Founder and Nobel Laureate) in Bangalore, the second such center after USA on December 21, 2010

 

In telecom

 

  • All calls on BSNL landlines in India become local calls effective December 2010
  • RCOM launches 3G on December 14, 2010

 

In the Education & Research front

 

  • Supreme Court approves single test across India for MBBS seats in all medical colleges
  • Government permits corporate sector to start technical institutions as Not for Profit companies (Sec 25 companies)

 

In the people front

 

  • Times Magazine declares Facebook Founder Mark Zuckerberg as the “Times Person of the year” for 2010
  • French President (December 3-6) and Chinese Premier (Dec 14-17) visit India in December 2010
  • Wipro Chairman Premji transfers Rs 8,846 crores worth shares to AP Foundation representing a new milestone in Indian corporate philanthropy

 

 

Some interesting numbers

 

  • Telecom subscriber base at 742 million (707 million mobile & 35 million of landlines) and broadband subscribers at 11 million as of October 31, 2010 (TRAI Press Release of Dec 24, 2010); with 15+ million subscriber addition per month 2010 subscriber base must have crossed 775 million
  • Rupee closes at 44.71 against USD by end December
  • Foreign exchange reserves stand at $ 295.03 billion by end December
  • Sensex (Indian stock exchange index) at 20,509 on December 31, 2010 (compared to 17,465 on December 31, 2009)

 

One Response to “That is IT in December 2010”

  1. Anil Says:

    It is great to read it all on a single page. Thanks for the post!

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