A+ FOR AMBITION; A- FOR GAMEPLAN
Article Abstract:
The Rs431 crore computer training and software major of Delhi - NIIT - plans to become the largest infotech education and training company in the world by 2003 AD. It has a presence in 25 countries, including China, Hong Kong, Indonesia and Malaysia. Now, it plans to enter the US market, for which it will appoint an investment banker to acquire a computer training institute or a computer-based training re-seller with an established distribution network. The acquisition is expected to cost around $50- 100 million. To raise this amount, NIIT has proposed an American Depository Receipt (ADR) issue of around $75 million. To make a mark in the US market, it is leveraging its Microsoft connection to the maximum and it has been adopted as the certifying agency for Microsoft Certified Software Professionals. It also plans to count on its software division, which accounted for 41 percent of the total revenue of the company in 1997-98. NIIT's wholly-owned subsidiary in USA has also launched an Internet-based training site, called NetVarsity. The site already has over 12,000 paid registrations from non-Indians and its monthly earnings are more than $100,000. (gsh)
Comment:
Plans to become largest infotech education and training company in the world by 2003
Publication Name: BusinessWorld
Subject: Business, international
ISSN:
Year: 1998
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COMING CLEAN ISN'T CHEAP
Article Abstract:
Companies in India have to source pollution clean technologies from abroad as it is not developed domestically. The technology transfers have not been very successful as the companies do not adhere to principles of energy conservation and waste utilisation. The funds for environmental technology development usually come from overseas institutions like USAid, Swiss Indian Development Agency, the World Bank and the Global Environment Facility. These funds have to be disbursed by the environment ministry or the department of science and technology which leads to a lot of delays. The proposal for setting up the Indian Centre for the Production of Cleaner Technologies was submitted by the environment ministry in 1994 but no funds have been released until now. Indian companies will continue to pollute the environment unless financing and other market mechanisms are created. (khr)
Comment:
India: Companies in India have to source pollution clean technologies from abroad as it is not developed domestically
Publication Name: BusinessWorld
Subject: Business, international
ISSN:
Year: 1998
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A CHANGE OF MOOD BRINGS ON JETLAG
Article Abstract:
The fleet expansion plans of Jet Airways has been stalled as the government has not yet given clearance for five ATR-72 aircraft that it had leased from Avion de Transport Regionale. The airline was supposed to induct the 70-seater aircraft by the end of August 1998. Sources say that the government is trying to protect the interests of Indian Airlines, which has registered an operational loss of Rs34 crore in the first half of 1998-99. Indian Airlines is a priority for the finance ministry as it plans to divest a 40 percent stake in the airline. The civil aviation ministry has been asked to make a fresh appraisal of Jet's plans to induct six Boeing 737-800s which would have taken its fleet strength to 25. Jet Airways is now asking for permission to acquire smaller ATR-50 aircraft instead of the Boeing 737s that had been cleared earlier. (khr)
Comment:
The fleet expansion plans of Jet Airways has been stalled as the government has not yet given clearance for five ATR-72 aircraft that it had leased from Avion de Transport Regionale.
Publication Name: BusinessWorld
Subject: Business, international
ISSN:
Year: 1998
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Comment about this article or add new information about this topic: