Archive for August, 2018

What’s hot in IT (July 2018) – A perspective from India

August 1, 2018

 

  1. Technology and Policy

 

  • ISRO tests out crew ejection feature on July 5, 2018, in preparation for manned space flights in future
  • Justice Srikrishna Committee submits its report “A free and fair digital economy – protecting privacy, empowering Indians” to Government on July 26, 2018, a landmark development in India’s growth in the digital world
  • WhatsApp introduces Forward button and 5-user limit on immediate forward, to stop mindless fear creation leading to violence in India

 

  1. Education & Research
  • On July 9, 2018, Government of India announce the Institutes of Eminence list with thee in the Government sector – Indian Institute of Science, Bangalore, IIT Delhi and IIT Bombay and three in the Private sector – BITS Pilani, Manipal Academy of Higher Learning and the yet to be established Jio University

 

  1. Products
  • Microsoft announces Surface Go in July 2018 to compete with Apple iPad
  1. Markets
  • India’s stock market indices Sensex and NIFTY touch new peaks of 37,000 and 11,270 on July 26, 2018
  • Indian mid-size IT Services company of the RPG group Zensar acquired IndiGo Slate (US-based customer experience company founded by Sandy Sharma and Aaron Duggal) for $ 18 million on July 2018
  • HDFC AMC IPO in July 2018 oversubscribed 82 times!
  • Microsoft stock sky rockets on July 12, 2018 with stock price going past $ 100 and market capitalization going past $ 800 Billion, for the first time in history
  • Facebook sees a drop of $ 119 Billion in market capitalization on July 26, 2018, the largest ever single day drop for any company in the history of stock markets; even worse than Intel losing $ 90 Billion in market value in one day on Sep 22, 2000!
  • Xiaomi IPO on July 9, 2018 in Hong Kong sees mixed response
  • Broadcom (semiconductor company) acquiring CA (IT infrastructure and security services company) for $ 18.9 Billion on July 10, 2018 surprised everyone, particularly after its failed attempt to acquire Qualcomm for more than $ 100 Billion last year

 

  1. Indian IT Companies
  • HCL clocks a turnover of $ 2.05 Billion in April to June 2018 quarter; with this HCL threatens to take India’s No 3 position in the Indian IT services industry long occupied by Wipro
  • TCS announces quarterly results for April June 2018 quarter on July 10, 2018, with the highest growth in 15 quarters; Infosys announces muted results on July 13, 2018
  • Infosys announces $ 750 Crores investment in NOIDA facility with 5,000 seats in July 2018
  • French IT Services major Atos acquired Syntel (Bharat Desai founded Indian IT Services company founded, with 23,000 people and nearly $ 1 Billion annual turnover) for $ 2 Billion on July 23, 2018
  • PayTM goes to Japan thru Japanese PayPay in July 2018

 

  1. Global IT Companies in India
  • On July 9, 2018, Samsung commissions the world’s largest mobile phone assembly plant with capacity to produce 120 million mobile phones in NOIDA (near Delhi) with Rs 5,000 Crores investment
  • CSG to increase headcount in Bengaluru by 1000 more, as per July 2018 announcement
  • OnePlus announces its planned R&D Center in India in July 2018

 

  1. Telecom
  • Vodafone and Idea merger finally gets the Government approval on July 26, 2018
  • New Telecom Policy announced on July 11, 2018; Net Neutrality is upheld
  • BSNL starts offering Net Telephony (reaching any telephone from BSNL App Wings) on July 11, 2018 (said to be the first in India)
  • Reliance Jio announces the launches of Gigabit fiber service Jio GigaFiber from August 15, 2018 to customers in 1,100 towns in India

 

  1. People
  • South Korea’s President visits India in July and launches Samsung’s mobile manufacturing unit in NOIDA, said to be the largest facility in the world

 

  1. General
  • India becomes the 6th global economy as per IMF, based on 2017 GDP of $ 2.59 Billion (USA with 19.4 B, China with 12.2 B, Japan with 4.87 B, Germany with $ 3.67 B and UK with $ 2.62 B are ahead). France with $ 2.58 B is the 7th; Brazil (8th), Italy (9th) and Canada (10th) are the other Top Ten economies of the world.
  • GST completes one year on July 1, 2018, with more benefits and less problems, so far
  • 18-year old Hima Das of Assam creates history by winning Gold in the women’s 400 M gold at the world’s under-20 athletic championship on July 12, 2018, the first ever win in track events for an Indian
  • Modi government wins “no confidence motion” on July 20, 2018
  • European Union slaps a $ 5 Billion fine on Google on July 12, 2018
  • France wins the FIFA World Cup football game winning over Croatia on July 15, 2018
  • Twelve Thai boys and their football coach miraculously rescued by a global team on July 11, 2018 with amazing use of technology (that includes special pumps from Kirloskar in Pune)