Category Archives: Continent

Asia Stocks, Won Jump on Central Bank’s Move

While countries across the world are grappling to combat the constraints triggered by the long running debt crisis in Europe, central bank’s intervention has certainly given the much needed boost to global market.

If reports are to be referred to, it has been seen that the MSCI Asia Pacific Index went up by 3.5% MSCI Asia Pacific Index, while the Standard & Poor’s 500 Index futures moved up by 0.2%. It was also told that South Korea’s won was seen moving up by 1.8% and the Dollar Index nosedived by 0.2%.

Market observers are of the view that this jump was all due to the steps taken by six central banks. It has been told that Federal Reserve has reduced the cost at which dollar is being given to others through swap agreements. This step would allow purchase of dollar easy for other countries. Even the People’s Bank of China has trim down the reserve requirements after 2008.

With such steps being taken, there is common belief that global monetary policy is making a transition towards good but how long it will take to negate the problem of debt crisis is yet not known.

There was rise of 2.8% in Commonwealth Bank of Australia (CBA), and 14% in Evergrande Real Estate Group Ltd in Hong Kong. There has been Beige Book survey which has revealed that the economy has done well in recent times and that due to significant performance in manufacturing and consumer sector. This survey also made it clear that despite all the lingering fears about US recession, there are fair chances that Us economy would be able to seam through all challenges, however, unemployment rate would remain a concerning point for one and all.

It has been confirmed that the US Federal Reserve, the European Central Bank, and the central banks of the UK, Canada, Japan and Switzerland would take some concrete decision on 5 December.

Ericsson Join Hands with Airtel

It has been reported that the Swedish firm Ericsson has finalized a deal with Airtel in order to handle more than 70% of Airtel’s network in India, whereas Nokia Siemens Networks (NSN) will be handling the rest of the parts, though the authorities have not disclosed the amount as of now.

“This unique multi-technology managed services partnership with Ericsson will help us focus on creating a compelling service proposition for our customers, as we look to ramp up our market access”, said that Airtel’s Chief Executive Officer for India and South Asia, Sanjay Kapoor, while briefing the contract. Under the spell of the contract, Ericsson will be liable for surplus 15 service areas such as managing Airtel’s networks in regions of Delhi, Haryana, Punjab, Himachal Pradesh, UP, Rajasthan, Jammu and Kashmir, Assam, the North East, Karnataka, Andhra Pradesh, Tamil Nadu, Chennai and Kerala.

In a statement, the company said that Bharti Airtel is one out of the leading global telecommunication companies that successfully delivers its services in around 19 countries across Asia as well as Africa. The service provider has refined its managed services agreement with Ericsson, especially for Indian operations.

In addition, the company authorities have also notified that the five-year contract will support multi-vendor and multi-technology, where Ericsson will be liable for operating maintaining as well as providing its services across 70% of Bharti Airtel’s network across India. Simultaneously, Ericsson will be employed to manage Bharti Airtel’s prepaid customer base.

Sanjay Kapoor has claimed that India can be observed as the third largest internet market with a noteworthy increase in the data traffic, higher number of smartphones as well as wireless networks. Ericsson is believed to have a significant role to create Airtel’s 3G networks in Indian service circles.

Adobe Photoshop: The Photographers’ Delight

The world of photography has advanced rapidly over the years. Nowadays, photography is more like an art, passion, whatever. It’s an amateur profession where people find hobby striking with living. Modern celebrities and models photographers and photo journalists in fashion magazines and adverts are buffed with using digital polish, day in day out. They are up for any sort of challenge coming their way. Be it moderate restyling like colors brightened, red eye removal, a placing a stray hair in apt order and healing a pimple, or maybe a drastic shedding of weight, say around 10 or 20 pounds, erasing all blemishes and wrinkles, and adding a few inches of height – all are no problem when done with Adobe’s Photoshop software, the magic wand of photo experts.

While expressing his opinion regarding the highly effective version of Adobe Photoshop software and all the effective operations one can carry out on it, a professor of computer science and a digital forensics expert from Dartmouth, Hany Farid said: “Fix one thing, then another and pretty soon you end up with Barbie”.

Though there exist some issues in it as the feminist legislators from Britain, Norway and France claim that they want a special labeling on all digitally altered photographs. Earlier in June, the American Medical Association was abiding by a policy on advertising and body image that wanted advertisers and all other involved in the process to “discourage the altering of photographs in a manner that could promote unrealistic expectations of appropriate body image”.

Dr. Farid revealed that he was immensely intrigued by the issue once he read regarding the photo-labeling suggestions in Europe. For him, categorizing photos as either modified or not was too dull for an approach.

In this regard, he carried out a research for calculating the extent to which fashion and beauty images have been modified. The reports have been made available in this week’s edition of the journal “The Proceedings of the National Academy of Sciences”.

Ferraris Showroom Launched in India

For the first time, Ferraris show room has been launched in India. The show room has been established in Delhi. The Ferraris is a car to die for. Since the launch, it has attracted many customers in India and abroad. The car is given a special look, during its manufacturing which is amazing and different from any car industry.

If you are a fan of cars then it is a must for you to understand how brilliant minds put their effort in constructing a car to suit your desires and life style. Just like a baby before being born is nourished and taken care inside the mother womb similarly, the Ferraris engineers design the car, taking care of its miniature requirements.

The atmosphere inside the industry, where the car is produced, is conducive for the engineers and for the car. Everything is put in order so that no confusion is caused. Besides, plants are also encapsulated inside the unit to make sure that the oxygen level is maintained and is adequate. The greenery inside the manufacturing unit symbolizes environment friendly production.

Moreover, adjacent to its manufacturing unit is a museum containing some fabulous Ferraris from over the years, including one of the Scagliettis that took part in a Ferrari drive through Asia, a few years ago. Meanwhile, it has been reported that the new Ferrari 458 Italia is all set to hit the road. It has been told that car produces 562 hp and 398 lb-ft of torque.

Nifty Below 5500; Sensex Declines 202 Pts

Decline in manufacturing figures in US, Europe and China hit investor opinion all over the world.

The benchmark Sensex lost 200 points with rate sensitive stock such as banking, real estate and capital goods taking a beating.

The 50-share NSE Nifty was ruling at 5,455 after slipping 62 points whereas the 30-share index BSE Sensex declined 202 points to trade at 18,112 late morning trade.

As per portfolio manager PN Vijay, worldwide events would be the vital factor for market by the next six months.

“There may be a slightly negative backdrop but substantially the action has to come within India.”

Technology scrips saw selling pressure as retardation will absolutely have impact on exports of these firms.

Infosys, TCS and Wipro shed between 1% & 2%.

Heavyweight stocks like Bharti Airtel, ITC, L&T, SBI, ICICI Bank and HDFC Bank dropped between 1% & 2%. Reliance Industries shed more than 0.5%.

But, Sun Pharma, NTPC, HUL, Cipla, Ranbaxy and GAIL topped the gainers’ charts on Nifty.

On the worldwide front, Asian bourses broadened losses – Kospi was the key loser, declining 2.4%.

Shanghai, Nikkei, Straits Times and Taiwan remained down by 1-1.7%. Hang Seng lost 0.7%.

Richard Ross, global technical analyst at Auerbach Grayson said that the genuine financial scene in US is dull, irrespective of what comes out of Washington.

SA’s PPC Mill Expects ‘To Lift Capacity By 30%’

It seems that after lingering for long after 2009 recession, the Pretoria Portland Cement (PPC) is all set on its mission to recovery. Backed by its newly upgraded technology, the Company is expecting to extend its cement production capacity by a staggering 30%. Of lately, the Company had faced tough time when the local demand could not be met while the international demand was growing.

The SA’s biggest cement maker will churn out and sell premium products in its new R699m largest manufacturing facility in Pretoria. The mill was commissioned last year.

Confirming the news, Kevin Odendaal, the company’s investor relations and Strategy Manager, said, “It (the new technology) is extremely efficient on electricity, up to 30% more efficient, which is especially relevant, considering that the plant will run at high volumes”.

The Company had been quite disappointed with the loss it incurred as 5% of the market went in imports and further, it is concerned about subsidized imported cement.

Meanwhile, the Company is planning to expand its wings elsewhere in Africa in order to compensate for the loss it incurred during poor sales at home. Moving further, the Company is considering refurnishing other plants within three to five years.