IBM Study Gives full marks to Indian CIOs for adopting IT

A recent research by IBM has revealed that Indian Chief Information Officers are more progressive in the World and are more dedicated for expanding the business of their organization. The study is based on a survey of 100 Indian CIOs out of which 70 percent are blending technology and business to bring about innovations in the organization.

Globally, just 47 per cent of CIO’s are active to take such initiative for expanding the business of their respective organizations. Almost 64 per cent of Indian CIOs as compared to 55 per cent globally, have introduced information technology in the business in for making optimum use of technology to deliver efficient management and marketing services.

A large number of Indian CIOs have been working to implement newer techniques for supporting customers in line with their plans to bring more transparency in business within next five year.

Nipun Mehrotra, the Executive sponsor of the study & Vice-president – General Business IBM Asia Pacific added, “With competition intensifying across every sector, CIOs are compelled to ‘think out of the box’ and do things differently, more often than their average global counterparts.”


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Reliance Industries Purchase an Additional 0.68% Interest in EIH Ltd.

Reliance Industries Purchase an Additional 0.68% Interest in EIH Ltd.

Owner of Energy giant Reliance Industries, Mukesh Ambani has put in an extra 0.68% in EIH Ltd. With this, his total stake in the hotel chain has increased to 14.8%. In a filing to the Bombay Stock Exchange, EIH said that the shares were purchased from the market on Tuesday.

Shares of Reliance surged 0.3% at Rs. 939.3 in proportion to the Mumbai market at 1.26pm, while EIH shares witnessed a 4.5% rise at Rs. 150.2.

On Monday, Reliance was quoted saying that it is widening its horizon and has procured 14.12% stake in EIH for a sum of $217.5 million.

Bajaj Auto Records 55% Surge in Sales of Vehicles in August

Bajaj Auto Records 55% Surge in Sales of Vehicles in August

On Thursday, Bajaj Auto posted a 55% increase in its sales of vehicles. In the month of August, the Company recorded sales of 3,29,364 vehicles, compared to 2,13,072 units in the same month the year before.

Last month, 2,89,176 two wheelers were sold by Bajaj Auto, a big surge than 1,82,441 units, which were sold in August 2009. The Company’s cumulative sales of two wheelers for the time frame between April and August 2010 increased by 68% and were recorded at 1,397,348 units. The number was high from 833,235 units that were retailed during the same period last year.