CNN plans to offer more local news through a new deal with Internet Broadcasting, a local TV news Web site network, to boost its stake in local online advertising sales.
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As part of the deal, in which CNN will also offer its national and international news to Internet Broadcasting's network of sites, CNN has purchased an undisclosed stake in the company.
CNN joins a team of investors including Hearst-Argyle Television, Post-Newsweek Stations, McGraw-Hill Broadcasting and Split Rock Partners.
Internet Broadcasting publishes news online for broadcasters NBC, Cox Television and other stations owned by its investors. The company said one in every 12 Americans who go online visits an Internet Broadcasting site.
Courtesy : Expressindia.com
CNN in deal to offer more local news on Internet
May 25, 2007, 9:00 amIndian tiger leaps ahead of Chinese dragon
May 25, 2007, 8:57 am
China's push to become an alternate off shoring hub for MNCs tackling soaring wages and high attrition rate in India remains a distant dream as its market is developing slower than expected, a study says.
Despite massive government support and huge visibility on the global arena, China's offshore market has not taken off as expected and still has a long way to become a potential alternative to India, technology research firm Forrester said
in a report released today.
Multinational firms, considering China as a "quick-fix" solution to deal with rising costs and high attrition in other offshore locations like India, would be sorely disappointed by the country's slowing offshore momentum, the report said.
"When we first looked at China's offshore and IT services global delivery model (GDM) nearly two years ago, the country was widely viewed as the key challenger to India for offshore supremacy. However, the market has not taken off as expected," Forrester's Vice-President John McCarthy said. He said while Japanese firms were more aware about China's potential, those from the US and Europe have been slow to respond. "In fact, China's percentage of GDM resources for
top services firm like Accenture has dropped, while India and the Philippines have seen far greater investment," he said.
McCarthy, who had predicted in 2002 that over three million BPO jobs in the US would go offshore, added that firms with large bases in India should consider other geographies when addressing the risk mitigation issue.
Even countries like the Philippines, Mexico and Brazil could prove to be better alternatives than China for diversifying offshore exposure in terms of skills, language and convenience, he added.
Forrester also said like India, China also faces similar problems of attrition, increasing wages and lack of experienced manages and technical leads. In addition, the appreciation of the yuan against the dollar was hurting margins of companies outsourcing their work to China, it said.
"The consensus among interviewees was that China still has not overcome clients' concern about limited English skills, attrition and weak intellectual property protection.
One executive went so far as to say that China had to be 20 per cent cheaper than India to be viable," the study said.
Noting that China's percentage of overall offshore resources has dropped and other countries were growing at a faster pace, Forrester said the country needs to refocus its offshore efforts.
Instead of trying to compete in areas like application development and management, where India dominates, China should encourage local firms to focus on other areas like testing, data management and product development services.
For other countries vying for the lucrative offshoring pie, Forrester suggested economic development agencies in Thailand, Malaysia, Egypt and Morocco that they need to do more than just re-labelling the pool of engineering graduates as being ready to export their services.
"Their education programmes ought to focus on advanced skills like project management and advanced architecture skills, while at the same time, respective governments should invest significant funds to market the country as an
alternative to the offshore incumbent - India," McCarthy said.
Courtesy : Expressindia.com
Despite massive government support and huge visibility on the global arena, China's offshore market has not taken off as expected and still has a long way to become a potential alternative to India, technology research firm Forrester said
in a report released today.
Multinational firms, considering China as a "quick-fix" solution to deal with rising costs and high attrition in other offshore locations like India, would be sorely disappointed by the country's slowing offshore momentum, the report said.
"When we first looked at China's offshore and IT services global delivery model (GDM) nearly two years ago, the country was widely viewed as the key challenger to India for offshore supremacy. However, the market has not taken off as expected," Forrester's Vice-President John McCarthy said. He said while Japanese firms were more aware about China's potential, those from the US and Europe have been slow to respond. "In fact, China's percentage of GDM resources for
top services firm like Accenture has dropped, while India and the Philippines have seen far greater investment," he said.
McCarthy, who had predicted in 2002 that over three million BPO jobs in the US would go offshore, added that firms with large bases in India should consider other geographies when addressing the risk mitigation issue.
Even countries like the Philippines, Mexico and Brazil could prove to be better alternatives than China for diversifying offshore exposure in terms of skills, language and convenience, he added.
Forrester also said like India, China also faces similar problems of attrition, increasing wages and lack of experienced manages and technical leads. In addition, the appreciation of the yuan against the dollar was hurting margins of companies outsourcing their work to China, it said.
"The consensus among interviewees was that China still has not overcome clients' concern about limited English skills, attrition and weak intellectual property protection.
One executive went so far as to say that China had to be 20 per cent cheaper than India to be viable," the study said.
Noting that China's percentage of overall offshore resources has dropped and other countries were growing at a faster pace, Forrester said the country needs to refocus its offshore efforts.
Instead of trying to compete in areas like application development and management, where India dominates, China should encourage local firms to focus on other areas like testing, data management and product development services.
For other countries vying for the lucrative offshoring pie, Forrester suggested economic development agencies in Thailand, Malaysia, Egypt and Morocco that they need to do more than just re-labelling the pool of engineering graduates as being ready to export their services.
"Their education programmes ought to focus on advanced skills like project management and advanced architecture skills, while at the same time, respective governments should invest significant funds to market the country as an
alternative to the offshore incumbent - India," McCarthy said.
Courtesy : Expressindia.com
State topper is first in family to break into merit list
May 25, 2007, 8:52 am
Topping the HSCE general stream exams, the results of which were announced by the Gujarat Secondary and Higher Secondary Board of Exam on Thursday, has taken Vishal Jamtani completely by surprise.
The resident of Mehsana, who has scored 92.71 per cent, says, “I was expecting a rank, may be seventh or so. But first rank is unbelievable. The feeling that I am the topper is yet to sink in.”
This student of Ash Secondary School and Shivbbhai U Patel U M School had no timetable for studies.
Son of a garment merchant, Kishan Jamtani, and Reshma, Vishal allowed his mood to guide his study plan. “When in mood I would study for 12 to 13 hours at a stretch. And there were days when I wouldn't go beyond 5 to 6 hours."
Vishal has scored 99 in his favourite subject, statistics, but also worked hard for his language papers, which, according to him are equally important. “A good grip on English these days is as important as knowing the main subject. Which is why I took English tuitions, said Vishal. He scored 92 in the subject.
For businessman Kishan Jamtani, Vishal's achievement is something very new for the family. “We have been into business since ages. No one in our family has ever made it to the board merit list, said Kishan Jamtani.
Courtesy : Expressindia.com
The resident of Mehsana, who has scored 92.71 per cent, says, “I was expecting a rank, may be seventh or so. But first rank is unbelievable. The feeling that I am the topper is yet to sink in.”
This student of Ash Secondary School and Shivbbhai U Patel U M School had no timetable for studies.
Son of a garment merchant, Kishan Jamtani, and Reshma, Vishal allowed his mood to guide his study plan. “When in mood I would study for 12 to 13 hours at a stretch. And there were days when I wouldn't go beyond 5 to 6 hours."
Vishal has scored 99 in his favourite subject, statistics, but also worked hard for his language papers, which, according to him are equally important. “A good grip on English these days is as important as knowing the main subject. Which is why I took English tuitions, said Vishal. He scored 92 in the subject.
For businessman Kishan Jamtani, Vishal's achievement is something very new for the family. “We have been into business since ages. No one in our family has ever made it to the board merit list, said Kishan Jamtani.
Courtesy : Expressindia.com
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