My Application Form Status

Check the status of your application form with Angel Broking.
Arq - The Hyper Intelligent Investment Engine By Angel Broking
MOU signed between the Government of India and the AfDB for hosting the Banks Annual Meetings at Ahmedabad
Sep 17,2016

India will be hosting the next Annual Meetings of the African Development Bank (AfDB) Group at Mahatma Gandhi Convention Centre, Ahmedabad from May 22 to May 26, 2017. This will be a mega international event to be attended by more than 5000 delegates from 80 member countries of the African Development Bank including the Governors, Alternate Governors, Executive Directors, policy makers and businesses.

A MoU was signed between GoI and AfDB today regarding the holding of the Annual Meetings. The MoU outlines the roles of Govt of India and AfDB. The signatories to the MoU were Ms. Bandana Preyashi, Deputy Secretary (ADB-II/AfDB), Department of Economic Affairs(DEA), Ministry of Finance on behalf of the Government of of India and Mr Vincent O. Nmehielle, Secretary General of AfDB on behalf of the African Development Bank Group (AfDB).

The African Development Bank (AfDB) was established in 1963 with a view to promote the Economic Development and social progress of its regional members. India became member of the African Development Bank (AfDB) in 1983. The Union Finance Minister and Secretary, Department of Economic Affairs (DEA), Ministry of Finance are the Governor and Alternate Governor of the Bank respectively.

Powered by Capital Market - Live News

Railway PSU RITES Achieves Highest Ever Total Income of Rs. 1294 Crore, Higher by 11% Over The Previous Year
Sep 17,2016

RITES, a schedule A, Mini Ratna Enterprise under the Ministry of Railways has achieved highest ever total income of Rs. 1294 crore,in financial year 2015-16 higher by 11 percent over the previous financial year. It also recorded the highest ever profit after tax of Rs. 339 crore against Rs. 306 crore in the previous year. RITES achieved these results despite severe competition from domestic and foreign consultancy companies. The company is expected to get Excellent rating in its MOU performance based on the financial results for the year. RITES continues to maintain its key position in transport and infrastructure sectors despite stiff competition. The growth in the business and excellent financial results has led to the dividend payout for the year to Rs. 136 crore, which is 136% of the paid up share capital of the company. This is the highest ever dividend paid so far by the Company. The company has also announced issue of bonus shares to the existing shareholders in the ratio of 1 share for every 2 shares held.

One of the key achievements during the year had been the export of broad gauge modern passenger coaches to Bangladesh Railways out of the order of 120 broad gauge coaches secured by the company during last year. RITES also bagged a contract for the supply of 18 MG diesel electric locomotives to Myanma Railways.

In India, RITES has recently secured two major turnkey projects from the Ministry of Railways, for the third line in Pendra Road- Anuppur section of Bilaspur division of South East Central Railway and Gooty- Dharmavaram doubling works for South Central Railway. RITES is also involved in mega transportation projects like dedicated freight corridors, metros, high speed rail studies, logistics parks, rail infrastructure and green energy etc.

With positive scenario for investments in railways and other infrastructure sectors, the company sees high growth in the coming years.

Powered by Capital Market - Live News

Ministry of Tourism Approves Projects of Rs. 500 Crore for Jammu & Kashmir
Sep 17,2016

The Central Sanctioning and Monitoring Committee (CSMC) chaired by Union Tourism Secretary Shri Vinod Zutshi for the Swadesh Darshan Scheme has approved projects to the tune of Rs. 500 Crore as part of Development Package of Prime Minister Reconstruction Plan (PMRP) for integrated development of tourism in Jammu and Kashmir.

New projects include Integrated Development of Tourist facilities at Mantalai - Sudhmahadev - Patnitop Circuit for Rs.99.99 Crore, Baramulla-Kupwara-Leh circuit for Rs.99.98 Crore, Rajouri - Bafliyaz - Shopian - Pulwama Circuit for Rs.99.99 Crore and Anantnag-Kishtwar- Pahalgam - Daksum - Ranjit Sagar Dam Circuit for Rs.99.75 Crore. In addition, Rs. 99.99 Crore has been approved for integrated development of tourist facilities in lieu of damaged assets in the floods.

The projects envisage tourist infrastructural development in Jammu and Kashmir. Highlights of the project involve developing a Convention Centre in Gulmarg and Patnitop, development of Ethnic Villages, Development of Water Sports Centre at Baghliyar Dam - Pool Doda. Other major intervention proposed in the circuits include last mile connectivity, tourist facilitation/interpretation centre, base camps for trekking, facilitation centre for pilgrims for Amarnath Yatra, Sound and Light Show at Shalimar Bag, illumination of heritage structures, provision of eco friendly vehicles, Enhancement of tourist facilities at golf courses across the state.

Powered by Capital Market - Live News

Draft Bill of Major Port Authorities Act, 2016 uploaded on Ministrys Website for Comments from Various Stakeholders
Sep 17,2016

The Ministry of Shipping has prepared a draft Bill n++Major Port Authorities Act, 2016n++ to replace the Major Port Trusts Act, 1963. With a view to promote the port infrastructure and facilitate trade and commerce. The proposed bill aims at giving more autonomy and flexibility to the major Ports and to bring in professional approach in their governance. This will help to impart faster and transparent decision making which will benefit the stakeholders.

The proposed Bill was earlier uploaded on the website of the Ministry of Shipping for receiving comments from various stakeholders. Based on the suggestions/comments from the stakeholders, the draft Bill has been modified and uploaded in the Ministry of Shippings website. The salient features of the new Bill are:

(a) Composition of board has been simplified. The board will consist of 10 members including 3 to 4 independent members instead of 17-19 under the present Port Trust Model. Provisions has been made for inclusion of 3 functional heads of Major Ports as Members in the Board apart from a Government Nominee Member and a Labour Nominee Member.

(b) The regulation to tariff by TAMP has been removed. Future PPP operators will be free to fix tariff based on market conditions and notify the Port Authority. The Board of the Port Authority has been delegated the power to fix the scale of rates for other port services and assets like land.

(c) Port related and non -port related use of land has been defined. A distinction has been made between these two usages in terms of approval of leases. The Port Authorities are empowered to lease land for Port related use for upto 40 years and for non-port related use upto 20 years beyond which the approval of the Central Government is required. For PPP projects the tenure of the lease of land would be as per the PPP policy of the Government.

(d) The need for Government approvals for raising loans, appointment of consultants, execution of contracts and creation of service posts have been dispensed with. The Board of Port Authority have been delegated power to raise loans and issue security for the purpose of capital expenditure and working capital requirement.

(e) Concept of internal audit of the functions and activities of the Central Ports has been introduced on the lines of Companies Act, 2015.

(f) An independent Review Board has been proposed to be created to carry out the residual function of the erstwhile TAMP for Major Ports, to look into disputes between ports and PPP concessionaires, to review stressed PPP projects and suggest measures to review stressed PPP projects and suggest measures to revive such projects and to look into complaints regarding services rendered by the ports/private operators operating within the ports would be constituted. At present, there is no independent body to look into the above aspects and the Review Board will reduce the extent of litigation between PPP Operators and Ports.

(g) Provisions of CSR & development of infrastructure by Port Authority have been introduced.

(h) The status of Port Authority will be deemed as local authority under the provisions of the General Clauses Act, 1887 & other applicable Statutes so that it could prepare appropriate regulations in respect of the area within the port limits to the exclusion of any Central, State of local laws.

Powered by Capital Market - Live News

JNPT Commences Holding Yard Operations
Sep 17,2016

Jawaharlal Nehru Port Trust (JNPT), Indias No.1 Container Port, has commenced the holding yard operations in a six-hectare land at JNPCT (Jawaharlal Nehru Port Container Terminal) approach roads to further ease out congestion and streamline the traffic to the terminal. This holding yard, which has been developed within the centralized parking plaza, will be utilized for parking Tractor Trailers (TT) awaiting the final documentation.

Commencement of holding yard at JNPCT is already showing results and has reduced the congestion by 90% at the port gate roads. 600 TTs can be accommodated in this holding area at one time. EXIM traders are largely benefitting in saving fuel, logistics cost and improved truck turnaround time as well as number of trips made by a tractor trailer in a day has also increased. The yard operation ensures free movement at the JNPCT approach roads which will help in better planning of TT movements. This area is developed as pay & park facility for trucks. Concessional parking rates have been offered at the yard is Rs. 60 & Rs. 70 for every 8 hours stay for 20 and 40 containers respectively.

TTs will be allowed to move to Terminal Gate only after receiving required clearance of all the documents or proper ticket clearing. TTs coming directly from CFSs with all clear documents will be allowed directly to Terminal Gate and TTs, which do not have clear documents including PIN number, will be diverted to Holding Yard. The undocumented factory stuffed containers which generally park on roads approaching to port area causing traffic congestion, will now be confined to holding yard and better traffic ensures that risk of shut out of export containers are eliminated.

Powered by Capital Market - Live News

Kharif Crop Sowing Crosses Lakh 1059 Hectare Areas
Sep 17,2016

The total sown area as on 16th September, 2016 as per reports received from States, stands at1059.48 lakh hectare as compared to 1022.61 lakh hectare at this time last year.

n++n++n++n++n++n++n++n++n++n++It is reported that rice has been sown/transplanted in 382.00 lakh ha, pulses in 144.96 lakh ha, coarse cereals in188.62 lakh ha, oilseeds in 188.33 lakh ha, sugarcane in 45.77 lakh hectare and cotton in 102.23 lakh ha.

n++n++n++n++n++n++n++n++n++n++n++n++n++The details of the area covered so far and that covered during this time last year are given below:

n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++n++ n++Lakhn++hectaren++

CropArea sown in 2016-17Area sown in 2015-16Rice382.00371.74Pulses144.96112.43Coarse Cereals188.62182.70Oilseeds188.33183.21Sugarcane45.7749.60Jute & Mesta7.577.73Cotton102.23115.20Total1059.481022.61

Powered by Capital Market - Live News

MoU target setting exercise entrusted to DPE for the year 2016-17 completed
Sep 17,2016

The MoU target setting exercise entrusted now to the Department of Public Enterprises (DPE) for the year 2016-17 has been completed through consultation process with the participation of administrative Ministry, NITI Aayog and Ministry of Programme Implementation. This exercise involved holding of 518 meeting in 118 days (83 working days) by holding meetings even on holidays. The MoU target fixed included Maharatna, Navratna, Miniratna and other CPSEs totaling 234. Another 140 CPSEs were exempted due to various reasons which include being a subsidiary company where their output have been taken in the main CPSEs, CPSEs under closure, CPSEs yet to start operations and CPSEs under construction.

Powered by Capital Market - Live News

Paswan reviews availability of pulses with importers, ask them to be more transparent in their operations
Sep 17,2016

Shri Ram Vilas Paswan, Union Minister for Consumer Affairs, Food & Public Distribution took a critical review of the supply side of pulses with representatives of pulses importers, senior official of relative ministries and enforcement agencies.

The prices of almost all pulses has been steadily falling continuously for over a month.

There was a silent acceptance by the representatives from various associations of pulses trade that the unprecedented price of pulses last year was due to speculation and hoarding.

The availability of pulses by September-end last year and this year is almost equal taking domestic production and imports.

Shri Paswan remarked that given the net deficit scenario in the demand-supply of pulses in the country, there is a need for the importers of pulses to be more transparent in their operations. There is a need for Government and the traders to work closely so that the traders get to know the realistic gap in the supplies of various pulses. This would enable the traders for planning imports in advance.

The representatives from IGPA assured the Government for providing the data regarding imports in advance. A decision was taken for meeting on a monthly basis between the Government and traders.

Shri Paswan told the traders that for augmenting the supplies, Government has also entered into G2G long term contracts with other countries. One such MoU has been recently executed between India and Mozambique. He explained that the role of Government of India is that of a facilitator. In fact this move of Government has opened a window for the private traders to expand their operations to foreign lands with more surety and stability. The traders were requested to extend all support for successful execution of G2G contracts. African countries like South Africa, Tanzania have shown interest in entering into G2G contracts.

The traders pointed out that there is a need for exchanging the production estimates of Agriculture Ministry and that of the traders. The Government estimates and trade estimates need to be compared and more correct figures be arrived at.

Powered by Capital Market - Live News

Government announces MSP of Kharif Crops to be applicable from 1st September, 2016
Sep 17,2016

The Centre has decided that the Minimum Support Prices (MSPs) for Kharif Crops grown in 2016 will be applicable from 1st September, 2016. The decision of the Government has been conveyed to the Agriculture Secretaries of all States and Union Territories by the Ministry of Agriculture and Farmers Welfare. The decision has been taken as harvested crops sown in Kharif may reach the market even before October.

The Government announces MSPs in each season for major agricultural commodities to ensure remunerative prices to the farmers for their produce. The MSP for Kharif Crops namely Paddy, Jowar, Bajra, Maize, Ragi, Tur (Arhar), Moong, Urad, Groundnut-in-shell, Soyabean, Sunflower Seed, Nigersed, Sesamum and Cotton was announced on 1st June, 2016 before the sowing season to enable farmers to take a decision for sowing a particular crop

Powered by Capital Market - Live News

Two Ministries Signed a MoU to Promote Organic Farming on the Banks of River Ganga
Sep 17,2016

The Ministry of Agriculture & Farmers Welfare signed a Memorandum of Understanding (MoU) with Ministry of Water Resources, Water Development and Ganga Rejuvenation to promote organic farming on the banks of river Ganga. According to this agreement, villagers situated on the banks of river Ganga will be encouraged for organic farming.

As per agreement, under the Namami Gange project 1657 gram panchayats situated along the course of river Ganga starting from Uttarakhand to West Bengal, organic farming will be developed in 1657 clusters under the Paramparagat Krishi Vikas Yojana (PKVY). Under this project, Ministry of Agriculture along with cluster formation, will provide training on Integrated Nutrient Management and micro-irrigation techniques.

To promote organic farming on the banks of river Ganga, clusters of gram panchayats will be formed, awareness campaigns will be launched and self help groups will be formed by the Ministry. Apart from this, related information will be provided through mobile applications and awareness will be created among the masses about the side-effects of using chemicals, fertilizers and insecticides in farming will be created. Initiatives will be taken to promote the improved ways of irrigation for water rejuvenation in Ganga valley. Also, organic farming and livestock based livelihood will be promoted on the banks of Ganga river. Ministry of Agriculture is promoting organic farming under the Paramparagat Krishi Vikas Yojana throughout the country especially in north-eastern states.

Powered by Capital Market - Live News

Gartner Says Worldwide Server Revenue Declined 0.8 Percent in the Second Quarter of 2016, While Shipments Increased 2 Percent
Sep 15,2016

In the second quarter of 2016, worldwide server revenue declined 0.8 percent year over year, while shipments grew 2 percent from the second quarter of 2015, according to Gartner, Inc. There was some shuffling among the top vendors in the second quarter, as Dell moved into the top spot in shipments, while Hewlett Packard Enterprise (HPE) remained the worldwide leader in server revenue.

The second quarter of 2016 produced some continued growth on a global level compared with the first quarter, although there were some varied results regionally, said Jeffrey Hewitt, research vice president at Gartner. All regions showed a decline in shipments except Asia/Pacific and North America, which posted growth of 5.6 percent and 3 percent, respectively. In terms of revenue, all regions except for Asia/Pacific and Eastern Europe exhibited a decline. Asia/Pacific grew by 6.1 percent and Eastern Europe posted 1 percent growth. Variations of growth by data center segments and exchange rate issues are the main reasons for these results.

x86 servers grew 2.1 percent in shipments and 5.8 percent in revenue in the second quarter of 2016. Dell garnered 19.3 percent of the market and moved into the No. 1 position in worldwide server shipments due primarily to growth resulting from programs it has in place in the Asia/Pacific region, most notably in China. However, HPE continued to lead the x86 market in revenue with 26 percent of the market, said Mr. Hewitt.

Despite a decline of 6.4 percent, HPE continued to lead in the worldwide server market, based on revenue, with 23.7 percent market share (see Table 1). Dell grew 9.9 percent and maintained the second spot in the market with 19.1 percent market share. IBM secured the third position with 9.1 percent of the market but experienced the largest decline among the top five vendors.

Table 1
Worldwide: Server Vendor Revenue Estimates, 2Q16 (U.S. Dollars)

Company2Q16 Revenue2Q16 Market Share (%)2Q15 Revenue2Q15 Market Share (%)2Q16-2Q15 Growth (%)HPE3,208,997,82923.73,428,089,69225.1-6.4Dell2,594,180,87319.12,361,553,74617.39.9IBM1,226,947,9689.11,869,261,14513.7-34.4Lenovo968,175,3167.1949,775,8937.01.9Cisco858,924,0006.3866,700,0006.3-0.9Others4,695,515,87534.64,180,263,72330.612.3Total13,552,741,861100.013,655,644,198100.0-0.8

Source: Gartner (September 2016)

Due to its success in the x86 market, Dell moved into the No. 1 position in server shipments in the second quarter of 2016, with 8.9 percent growth, garnering 19.2 percent market share (see Table 2). HPE dropped to the second spot with 17.2 percent shipment share, representing an 18.7 percent decline year over year.*

Table 2
Worldwide: Server Vendor Shipment Estimates, 2Q16 (Units)

Company2Q16 Shipments2Q16 Market Share (%)2Q15 Shipments2Q15 Market Share (%)2Q16-2Q15 Growth (%)Dell529,13519.2485,74518.08.9HPE474,80317.2583,79021.6-18.7Lenovo235,2678.5222,2068.25.9Huawei139,8665.1122,5654.514.1Inspur120,4174.482,0323.046.8Others1,258,04545.61,207,00544.64.2Total2,757,532100.02,703,344100.02.0

Source: Gartner (September 2016)

Powered by Capital Market - Live News

Gartner Says PC Leaders Must Overhaul Their Businesses or Leave the Market by 2020
Sep 15,2016

Business leaders of PC vendors face a stark choice and must decide between overhauling their businesses or leaving the PC market by 2020, according to Gartner, Inc. If they decide to stay, they need to rapidly determine what changes to make or what alternatives to adapt in todays over-penetrated PC market.

The PC business model as we have traditionally known it is broken. The top five mobile PC vendors have gained 11 percent market share over the past five years G from 65 percent in 2011 to 76 percent in the first half of 2016; but this has come at the expense of profitable revenue, said Tracy Tsai, research vice president at Gartner. While this does not mean that the PC market is finished, the installed base of PCs will continue to decline over the next five years, with a continuing erosion of PC vendors revenue and profit.

Worldwide PC Installed Base, 2015-2019 (Actual Units)

Device Type20152016201720182019PCs (Desk-based, Notebook and
Ultramobile Premium)1,485,2761,442,3291,400,0501,362,6221,333,450

Source: Gartner (September 2016)

The traditional way of gaining shipment market share by competing on price to stimulate demand simply wont work for the PC market over the next five years, said Ms. Tsai. Todays PC vendors need to adjust to the new realities that are shaping consumption, including the fact that PC users are extending PC lifetimes until end of life, business PC applications and storage are moving into the cloud, and are less reliant on PC performance and, crucially, that price and specification are not enough for a user to upgrade a PC G a new and better customer experience is the only true differentiation.

Gartner has identified four alternative strategies that PC vendors can use to adapt to the PC market of the future. These are based on corporate culture and assets, business operation and technology innovation, and completely revamping the business.

Alternative 1 G Current Products and Current Business Model

This alternative is the most conservative approach, with the vendor running a current business operation and selling a current PC product. It requires high volumes to generate enough cash flow to cover the cost of business, so, in a declining market, consolidation of vendors is inevitable. The purpose here is to protect and keep the PC business running, but the risks are high, especially given Intels and Microsofts alternative focus moving forward.

PC vendors need to streamline operations, shift their focus away from gaining share, and increase the sales proportion of midtier and high-end products to improve operating profits for long-term business sustainability, said Ms. Tsai. Another key factor that needs to change is the sales compensation scheme. PC vendors need incentives to drive their internal sales teams and channel partners to move away from a focus on volume and market share to margins and profitability. PC vendors also need to shift focus away from distributor and reseller customers wants to users needs.

Alternative 2 G Current Products and New Business Model

This alternative suggests that PC vendors form a new team that can experiment with new business and revenue models for PC products, such as PC as a service. In this scenario, the business model is agile, allows risk taking and accepts failure. Vendors could, for example, partner with a digital education content publisher. The vendors two-in-one devices are bundled with digital content on a subscription basis; the PC is free to users but is subsidized by the publisher.

Alternative 3 G New Products With Current Business Model

The third alternative is a more conservative way to explore new product offerings and new market opportunities, such as making PCs smarter in terms of sensing, speech, emotion and touch; expanding new products for the connected home; or developing products targeted to vertical markets. Its a gradual way for PC vendors to expand into new products based on their current business model.

Alternative 4 G New Products With New Business Model

Alternative 4 is the most aggressive way to transform in terms of business operations and product innovations. In this scenario, PC vendors could establish a new business unit to run business in a different mode and explore new technology solutions to create a completely new product line. This would include working with new channel partners and independent software vendors (ISVs) and partnering with startups. The resources and revenue model might be completely different from a vendors existing structure.

An example could be personal assistant robots. A PC can serve as an information butler at home, a combination of a chat bot and voice-activated virtual personal assistant, with revenue from developers and third-party content and service providers, such as those in retail, healthcare, education, video or music.

Business leaders of PC vendors need to think about business outcomes based on the four alternatives discussed here, said Ms. Tsai. Some vendors may need a whole new business and product strategy to turn their situation around. PC vendors need to identify their core competencies, evaluate their internal resources, and adopt one or more alternative business and product innovation models to stay in or leave the PC business.

Powered by Capital Market - Live News

Direct Tax Dispute Resolution Scheme, 2016 which has come into force from 1st June, 2016, can be availed up to 31st December, 2016
Sep 15,2016

Litigation is a scourge for a tax friendly regime. In order to reduce the pending litigation, the Direct Tax Dispute Resolution Scheme, 2016 (the Scheme) has come into force from 1st June, 2016 and can be availed up to 31st December, 2016. The Scheme is available to the cases pending with the first appellate authority [i.e. CIT (A)] as on 29th February, 2016, subject to certain conditions. It also extends to the cases pending litigation owing to retrospective amendment at different levels.

Under the Scheme, if the amount of disputed tax is

n++ Up to Rs.10 lakh, complete waiver from levy of penalty and from initiation of prosecution is provided on payment of assessed tax along with the interest.

n++ More than Rs.10 lakh, the declarant is required to pay only 25% of the minimum penalty leviable along with the due tax and interest.

In respect of penalty appeals, the declarant shall get waiver of the 75% of the penalty levied and immunity from prosecution. In respect of specified tax, the declarant gets complete waiver of/immunity from levy of penalty and immunity from prosecution.

CBDT has received various queries from stakeholders seeking clarifications about various provisions of the Scheme. The issues raised have been examined and a set of 14 FAQs has been issued vide Circular No. 33 of 2016. The circular inter alia provides clarifications regarding eligibility of cases for the Scheme, fate of pending penalty appeals, determination of amount payable under the Scheme, right to appeal in other years, date of withdrawal of pending appeal and time limit for intimation of payment by the declarant and issuance of certificate by the designated authority.

Powered by Capital Market - Live News

Gartner Says Worldwide Public Cloud Services Market to Grow 17 Percent in 2016
Sep 15,2016

The worldwide public cloud services market is projected to grow 17.2 percent in 2016 to total $208.6 billion, up from $178 billion in 2015, according to Gartner, Inc. The highest growth will come from cloud system infrastructure services (infrastructure as a service [IaaS]), which is projected to grow 42.8 percent in 2016. Cloud application services (software as a service [SaaS]), one of the largest segments in the global cloud services market, is expected to grow 21.7 percent in 2016 to reach $38.9 billion.

Growth of public cloud is supported by the fact that organizations are saving 14 percent of their budgets as an outcome of public cloud adoption, according to Gartners 2015 cloud adoption survey, said Sid Nag, research director at Gartner. However, the aspiration for using cloud services outpaces actual adoption. Theres no question there is great appetite within organizations to use cloud services, but there are still challenges for organizations as they make the move to the cloud. Even with the high rate of predicted growth, a large number of organizations still have no current plans to use cloud services.

IT modernization is currently the top driver of public cloud adoption, followed by cost savings, innovation, agility and other benefits. The focus on IT modernization indicates a more sophisticated and strategic use of public cloud services. Not only are public cloud services being used to recognize the tactical benefits of cost savings and innovation, but they are also being used to establish a more modern IT environment n++ an environment that can serve as a strategic foundation for future applications and digital business processes.

Security and/or privacy concerns continue to be the top inhibitors to public cloud adoption, despite the strong security track record and increased transparency of leading cloud providers.

Gartners position on cloud security has been clear n++ public cloud services offered by the leading cloud providers are secure. The real security challenge is using public cloud services in a secure manner, said Ed Anderson, research vice president at Gartner. More education is needed to help organizations overcome the hype associated with security concerns. This should be a key area of focus for providers in working with their clients to unlock the benefits of public cloud services.

Most organizations are already using a combination of cloud services from different cloud providers. While public cloud usage will continue to increase, the use of private cloud and hosted private cloud services is also expected to increase at least through 2017. The increased use of multiple public cloud providers, plus growth in various types of private cloud services, will create a multicloud environment in most enterprises and a need to coordinate cloud usage using hybrid scenarios.

Although hybrid cloud scenarios will dominate, there are many challenges that inhibit working hybrid cloud implementations. Organizations that are not planning to use hybrid cloud indicated a number of concerns, including: integration challenges, application incompatibilities, a lack of management tools, a lack of common APIs and a lack of vendor support.

Of course in the case of hybrid cloud, these top concerns also highlight some of the top opportunities for providers, said Mr. Anderson. We know that public cloud services will continue to grow. We also know that private cloud services (of various types) will become more widely used. Therefore, providers must focus on the top hybrid cloud challenges to be successful in meeting the growing demand for hybrid cloud solutions.

Powered by Capital Market - Live News

Bengaluru image among Fortune 500 firms sullied by Cauvery related agitation; losses up to Rs 25,000 cr ASSOCHAM
Sep 15,2016

With widespread damage to the vital urban infrastructure, interruption in the transport including, roads, rail and air and inability of the workforce to safely move to and from offices and factories, Karnataka , particularly Bengaluru city, is estimated to have suffered a loss between Rs 22,000-25,000 crore due to Cauvery dispute related violence, apex industry body ASSOCHAM said.

n++Violence in the state capital and other parts of Karnataka has severely dented the image of Bengaluru as Silicon Valley of India, home to almost all the Fortune 500 companies,n++ said ASSOCHAM while making a fervent appeal for peace in both Karnataka and Tamil Nadu.

n++The way the violent incidents had spread is demoralizing the business and industrial community, particularly in the capital city of Karnataka. The image that India built around Bengaluru as its Silicon Valley is being sullied,n++ said ASSOCHAM secretary general, Mr D S Rawat.

n++The authorities in Karnataka and Tamil Nadu should not allow under any circumstances the law and order to be compromised. While the water is a basic requirement and an emotional issue, the situation is being exploited by miscreants, scaring away the peace loving workforce which has settled in both Bengaluru and Chennai from all over the country and even abroad,n++ said Mr Rawat.

According to ASSOCHAM, widespread loss would accrue to IT and ITES facilities due to poor attendance for the last several days. Besides, the inter-state tourism, particularly involving pilgrims, domestic travellers, has been affected. Cancellation of air tickets have also been reported to and from Bengaluru.

Likewise, industrial production, movement of cargo and retail trade including malls, cinema halls, restaurants, have been halted. n++All these losses would run between Rs 22,000 crore and Rs 25,000 crore, besides of course immense damage to the goodwill of the state as an attractive investment destination.n++

ASSOCHAM has also urged the Centre to effectively monitor the situation and ensure that peace is restored in the two states. n++A lot of damage has already been done to the trade and factory output with movement of the vehicles hit by the agitation which is taking violent shape. There is a huge stake for the countrys showpiece information technology in both Bengaluru and Chennai.n++

The strikes and bandhs should not be allowed to take violent shape and the law and order machinery should be geared up well in advance, with good amount of intelligence gathering, it said.

n++While we are selling ourselves to be the fastest growing economy of the world, we cannot afford the incidents which are taking place in the metropolitan cities. After all, the two states had built with a lot of hard work image of progressive areas, which should not be compromised at any cost.n++

Powered by Capital Market - Live News