Global outsourcing deals rising again, says Infosys

Indian infotech major Infosys Technologies has witnessed an increase in outsourcing deals as all major markets are back on the recovery track, a top company official said."What has changed in the last two quarters is that the markets have improved and deals are coming back. We see more deal-flows," Infosys' CEO and managing director, S Gopalakrishnan, told reporters on the sidelines of a CII meet in Mumbai on Wednesday.
As the deal pipeline is improving, the IT major is looking at diversifying its business worldwide
"The recovery is led by the United States and other emerging markets such as India and China. The US contributes 60 per cent of the total business. Clearly this is having more impact on the Indian IT services. Proactively we are investing more on diversifying our business," he said.
Currently, the company's revenue distribution is 60 per cent from North America, 25 per cent from Europe and the balance from other parts of the world.
"In 5-years from now, we see the revenue distribution at 40 per cent from North America, 40 per cent from Europe and 20 per cent from rest of the world," Gopalkrishnan said.
Pricing would remain stable, he said.
On the increase in minimum alternate tax (MAT) announced in the Budget, Gopalakrishnan said that his company would not be impacted by it.
When asked if volatility in currency movement would affect business, he said any one per cent appreciation or depreciation in currency would affect margins by 0.40 per cent

Gordon E. Moore
Chairman Emeritus of the board
Gordon E. Moore is the retired chairman and CEO of Intel Corporation. Moore co-founded Intel in 1968, serving initially as executive vice president. He became president and CEO in 1975 and held that post until elected chairman and CEO in 1979. He remained CEO until 1987 and was named chairman emeritus in 1997.
Moore is widely known for "Moore's Law," in which in 1965 he predicted that the number of components the industry would be able to place on a computer chip would double every year. In 1975, he updated his prediction to once every two years. It has become the guiding principle for the semiconductor industry to deliver ever-more-powerful chips while decreasing the cost of electronics.
Moore earned a bachelor's in chemistry from the University of California at Berkeley in 1950 and a Ph.D. in chemistry and physics from the California Institute of Technology in 1954. He was born in San Francisco on Jan. 3, 1929.
He is a director of Gilead Sciences Inc., a member of the National Academy of Engineering, and a Fellow of the Royal Society of Engineers. Moore also serves on the board of trustees of the California Institute of Technology. He received the National Medal of Technology in 1990 and the Medal of Freedom, the nation’s highest civilian honor, from George W. Bush in 2002.

Mayank Srivastava
PGDM 2nd SEM.

Dassault signs five year pact with BMW
Wednesday,10 March 2010, 07:10 hrs



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New Delhi: Software firm Dassault Systemes (DS) has signed a five-year global agreement with German auto major BMW for providing solutions for design and manufacturing process planning, reports PTI.Through this five-year agreement, the companies will establish a close link between their research and development centres that will improve the development and production process of BMW, DS said in a statement. DS software solutions already supports BMW in core areas for design and manufacturing process planning.
The agreement also defines a set of strategic projects, where BMW will evaluate possible migration paths that ensure a smooth transition to the Paris-headquartered Dassault Systemes V6 PLM solutions for all its vehicle development programmes."BMW has fully understood the importance of the collaborative and integrated Dassault Systemes V6 solutions for sustainable innovation," said DS Executive Vice-President Bruno Latchague.

India-born Sanjay Jha emerges as top paid CEO in U.S.
By siliconindia news bureau
Tuesday,09 March 2010, 14:19 hrs

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New York: Mobile phone maker Motorola's India-born Chief Sanjay Jha has emerged America's top paid CEO, while Citigroup's CEO Vikram Pandit comes at the fourth position with a payout of $38.2 million. Besides, Pandit is the highest paid CEO for bailed out banks in the U.S., says a survey.According to the WSJ CEO Compensation Study conducted by management consulting firm Hay Group, PepsiCo's Indra Nooyi at the 36th slot with a pay package of $13.98 million. With a total payout of over $104 million in 2008, Jha is the only CEO to get a compensation package exceeding $100 million, with Occidental's Ray Irani at a distant second with $49.9 million. Irani is followed by Walt Disney's Robert Iger ($49.7 million) at the third slot.
Also, among the bailed out banks, Pandit is followed by JP Morgan Chase's James Dimon ($20.9 million) and Wells Fargo's John Stumpf ($8.8 million) at the second and third spots, respectively. Bank of America's Kenneth Lewis was paid $1.5 million. John Mack of Morgan Stanley got $0.8 million and Lloyd Blankfein of Goldman Sachs received a total compensation of $0.6 million. The survey showed that overall, the median chief executive salary and bonus paid last year by 200 big American companies declined 8.5 percent to $2.24 million, as profits and stock prices were hit by recession. "Including the awarded value of stock, stock options and other long-term incentives, total direct compensation for chiefs slipped 3.4 per cent to a median of $7.6 million," the Wall Street Journal said in an accompanying report. In the wake of the financial meltdown, huge executive compensations at American companies had come in for severe criticism from different quarters. The payouts for chief executives dropped sharply at banks and brokerages. The survey noted that median annual cash compensation for CEOs in the financial industry fell 43 percent, to $9,76,000. Total direct compensation fell 14.2 percent, to a median $7.6 million.The study is based on an analysis of CEO pay of the first 200 U.S. companies with fiscal year 2008 revenue of at least $5 billion that filed their proxy statements between October 2008 and March 2009. WSJ said the study would be updated as companies file new proxies.

Vikram Pandit
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Date of Birth – 14 January 1957
Birth Place – Nagpur, Maharashtra
Education - Dadar Parsee Youths Assembly High School, Dadar Mumbai (schooling), B.S. and M.S. in electrical engineering in 1976 and 1977 respectively and a Ph.D. in finance in 1986 from Columbia University
Career – CEO of Citigroup

A brilliant student all throughout his academic life and a go-getter by nature, 51 year-old Indian Vikram Pandit hogged the media limelight worldwide when he was declared as the youngest CEO of the world’s largest conglomerate, the Citigroup in 2008. The group operates as Citi and happens to be a prominent American financial services company having its base in the New York City in the United States.

Vikram Pandit was born on 14 January in 1957 at Nagpur in the state of Maharashtra in India to a reasonably prosperous Marathi Brahmin family. His schooling happened at Dadar Parsee Youths Assembly High School at Dadar in Mumbai. After this, he shifted to United States at the age of 16 and took admission in Columbia University. He acquired B.S. and M.S. in electrical engineering in 1976 and 1977 respectively and a Ph.D. in finance in 1986. Vikram Pandit happens to be a trustee at the Columbia University.

Vikram Pundit also has had a stint as a professor at the Indiana University in Bloomington city in US and thereafter, joined Morgan Stanley. For the next two decades, Vikram Pandit worked for Morgan Stanley. He was anointed the President and Chief Operating Officer (CEO) of the Institutional Securities and Investment Banking Group at Morgan Stanley and was in charge of the total operation of this group. Pandit looked after aspects like the trading, sales and infrastructure of the business from the year 2000 to 2005.

However prior this, Vikram Pandit was the managing director and head of the US Equity Syndicate for Morgan Stanley from the period 1990 to 1994. Then from 1994 till 2000, he worked as the managing director (MD) and head of the Worldwide Institutional Equities Division for the same firm. The accomplished Vikram Pandit finally decided to leave Morgan Stanley Company along with some colleagues to begin a hedge fund, Old Lane Partners that was purchased by the Citigroup in the year 2007 for $800 million.

Vikram Pandit is a part of the board of the Columbia University, Columbia Business School, the Indian School of Business and The Trinity School. He also happens to be a former board member of NASDAQ, the New York City Investment Fund from the year 2000 till 2003. On 11 December in 2007, Pandit was made the new CEO of Citigroup after the term of interim-CEO, Sir Winfried Bischoff. In 2008, Vikram Pandit was also given the coveted Padma Bhushan by the Government of India. He now lives with his wife Swati at Central Park West, New York in a $ 17.85 million-worth apartment bought from late actor Tony Randall.

Vikram Pandit Facts
1957 - Vikram Pandit was born 14 January at Nagpur in the state of Maharashtra in India
1973 –At the age of 16, Vikram Pandit shifted to the United States
1976 - He acquired B.S. in electrical engineering in US
1977 –He acquired M.S. in electrical engineering in US
1986 – Vikram Pandit completed his Ph.D. in finance
1990 – From 1990 to 1994, Vikram Pandit was MD and head of the US Equity Syndicate for Morgan Stanley
1994 - From 1994 till 2000, Vikram Pandit worked as the MD and head of the Worldwide Institutional Equities Division for Morgan Stanley
2000 – He was board member of NASDAQ, the New York City Investment Fund from the year 2000 till 2003
2000 – From 2000 to 2005, he served as the president and CEO of the Institutional Securities and Investment Banking Group at Morgan Stanley.
2005 – Vikram Pandit left Morgan Stanley
2006 – He formed a hedge fund, Old Lane Partners
2007 – Hedge fund was purchased by the Citigroup for $800 million.
2007- On 11 December, Vikram Pandit was made the new CEO of Citigroup
2008 – Vikram Pandit was honored with the Padma Bhushan Award by the Indian Government.

Mayank Srivastava
PGDM 2nd SEM.

Larry Ellison
Lawrence J. Ellison was born in the Bronx, New York. At nine months, he contracted pneumonia, and his unmarried 19-year-old mother gave him to her aunt and uncle in Chicago to raise. Lawrence was raised in a two-bedroom apartment on the city's South Side. Until he was twelve years old he did not know that he was adopted. His adoptive father had lost his real estate business in the Great Depression and made a modest living as an auditor for the public housing authority. As a boy, Larry Ellison showed an independent, rebellious streak and often clashed with his adoptive father. From an early age, he showed a strong aptitude for math and science, and was named science student of the year at the University of Illinois.
During the final exams in his second year, Larry Ellison's adoptive mother died, and he dropped out of school. He enrolled at the University of Chicago the following fall, but dropped out again after the first semester. His adoptive father was now convinced that Larry would never make anything of himself, but the seemingly aimless young man had already learned the rudiments of computer programming in Chicago. He took this skill with him to Berkeley, California, arriving with just enough money for fast food and a few tanks of gas. For the next eight years, Ellison bounced from job to job, working as a technician for Fireman's Fund and Wells Fargo bank. As a programmer at Amdahl Corporation, he participated in building the first IBM-compatible mainframe system.
In 1977, Ellison and two of his Amdahl colleagues, Robert Miner and Ed Oates, founded their own company, Software Development Labs. From the beginning, Ellison served as Chief Executive Officer. Ellison had come across a paper called "A Relational Model of Data for Large Shared Data Banks" by Edgar F. ("Ted") Codd, describing a concept Codd had developed at IBM. Codd's employers saw no commercial potential in the concept of a Structured Query Language (SQL), but Larry Ellison did.
Ellison and his partners won a two-year contract to build a relational database management system (RDBMS) for the CIA. The project's code name: Oracle. They finished the project a year ahead of schedule and used the extra time to develop their system for commercial applications. They named their commercial RDBMS Oracle as well. In 1980, Ellison's company had only eight employees, and revenues were less than $1 million, but the following year, IBM itself adopted Oracle for its mainframe systems, and Oracle's sales doubled every year for the next seven years,. The million dollar company was becoming a billion dollar company. Ellison renamed the company Oracle Corporation, for its best-selling product.
Oracle went public in 1986, raising $31.5 million with its initial public offering, but the firm's zealous young staff habitually overstated revenues, and in 1990 the company posted its first losses. Oracle's market capitalization fell by 80 percent and the company appeared to be on the verge of bankruptcy. Accepting the need for drastic change, he replaced much of the original senior staff with more experienced managers. For the first time, he delegated the management side of the business to professionals, and channeled his own energies into product development. A new version of the database program Oracle 7, released in 1992, swept the field and made Oracle the industry leader in database management software. In only two years the company's stock had regained much of its previous value.
Even as Oracle's fortunes rose again, Ellison suffered a series of personal mishaps. Long an enthusiast of strenuous outdoor activities, Ellison suffered serious injuries while body surfing and mountain biking. He recovered from major surgery, and continued to race his 78-foot yacht, Sayonara, and to practice aerobatics in a succession of private jets, including decommissioned fighter planes. In 1998, Ellison and Sayonara won the Sydney to Hobart race, overcoming near-hurricane winds that sank five other boats, drowning six participants. Ellison is a principal supporter of the BMW Oracle Racing team, which has been a significant force in America's Cup competition. His yacht, Rising Sun, over 450 feet long, is one of the largest privately owned vessels in the world.
Oracle's fortunes continued to rise throughout the 1990s. America's banks, airlines, automobile companies and retail giants all came to depend on Oracle's database programs. Under Ellison's leadership, Oracle became a pioneer in providing business applications over the Internet. Oracle benefited hugely from the growth of electronic commerce; its net profits increased by 76 percent in a single quarter of the year 2000. As the stocks of other high tech companies fluctuated wildly, Oracle held its value, and its largest shareholder, founder and CEO Larry Ellison, came close to a long-cherished goal, surpassing Microsoft's Bill Gates to become the richest man in the world.
Beginning in 2004, Ellison set out to increase Oracle's market share through a series of strategic acquisitions. Oracle spent more than $25 billion in only three years to buy a flock of companies and large and small, makers of software for managing data, identity, retail inventory and logistics. The first major acquisition was PeopleSoft, purchased at the end of 2004 for $10.3 billion. No sooner was the ink dry on the PeopleSoft deal than Ellison trumped rival SAP to acquire retail software developer Retek. Within the following year, Oracle also acquired competitor Siebel Systems. Ellison capped this buying spree with the acquisition of business intelligence software provider Hyperion Solutions in 2007. Two years later, in the depths of a global recession, Ellison once again acted boldly, acquiring computer hardware and software manufacturer Sun Microsystems for $7.4 billion. Oracle is now the world's largest business software company, supplying all 100 of of the Fortune Global 100.
Today, Lawrence Ellison has his principal home in Woodside, California. He served as President of Oracle from 1978 to 1996, and undertook two stints as Chairman of the Board, from 1990 to 1992, and again from 1995 to 2004. Since its founding, he has been Oracle's only Chief Executive Officer.
After many years of pursuing a victory in the America's Cup yacht race, Ellison triumphed at last in 2010. Ellison joined the crew of the BMW Oracle for the second leg of the two-day competition, when the giant trimaran, with its revolutionary 223-foot wing sail, ended the race five minutes and 25 seconds ahead of the second-place finisher. Ellison's victory brings the 159-year-old America's Cup, the oldest trophy in international sports, back to the United States for the first time in 15 years.

Pravesh Yadav
PGDM 2nd SEM.

Michael Dell Biography (Michael SauMichael Dell is the founder of the computer company Dell, Inc. He created one of the most profitable computer companies in the world with annual sales of up to $50 billion American dollars. Dell has also become one of the wealthiest people in the world with a 4th place listing on the Forbes rich Americans list in 2005 with an estimated worth of $18 billion.Michael Saul Dell was born on the 23rd of February, 1965 in Houston to an orthodontist father and a mother that worked as a money manager. Dell was interested in computers from a very young age and was already pulling them apart at the age of 15. He attended the University of Texas with hopes of becoming a doctor but abandoned studies to start his own business at just 19 years of age.With just one thousand dollars in his pocket Dell started "PC's Limited" in 1984. From his university dorm room Dell started building and selling personal computers from stock computer parts. The idea that set the young entrepreneur apart from others was to sell directly to the customer, rather than going through a third party to sell his products.PC's Limited allowed the customer to customize their computer before it was custom built to their specifications. The prices could also be kept much lower than PC's Limited's competition as they had no stores to maintain or middlemen to pay commissions to. All computers were sold direct to the customer with the use of order forms, phone orders, and now Internet orders.In 1988 PC's Limited had a name change to "Dell Computer Corporation" and had an initial public offering (IPO) that valued the company at roughly $80 million. By 1992 Dell Computer Corporation was listed on the Fortune 500 list of the five hundred largest companies in the world, making Michael Dell the youngest ever CEO to head a Fortune 500 company.The company continued to grow and expand dramatically year after year, eventually selling more computers in the United States of America than any other PC company (including Compaq)."Dell Computer Corporation" became "Dell Inc." as they moved into other areas of business. Dell Inc. now has an expanding product range that includes home entertainment systems and personal devices.Michael has published his partly autobiographical book "Direct From Dell: Strategies That Revolutionized an Industry". The book is written in an entertaining, fast paced style that explains how Dell turned his $1000 company into a mega-corporation worth more than $100 billion.Dell stepped down from his role as CEO at Dell Inc. in 2004 but remains the Chairman of the Board.Michael Dell uses some of his great wealth for philanthropic activities and has started the "Michael and Susan Dell Foundation" with his wife Susan. The organization is committed to improving the lives of children in the United States of America and internationally. A letter from Susan and Michael Dell states that the role of the foundation is to focus on "..quality education and good health for children. We recognize that these issues are directly connected. If children have the tools they need to take care of their bodies and minds now, their potential for success in the future is greatly increased." The Dell family live in one of the largest houses in Austin, Texas and has been reported to be the 15th largest house in the world.l Dell) : Founder of Dell Computers.

Sandeep Kumar sah
PGDM 2nd SEM.

Andrew B. Zimmerman

Andy Zimmerman is global managing director-communications industry for Accenture. Prior to his current position he was the managing director, North American communications client group.
Prior to joining Accenture, Andy Zimmerman was Chief Executive Officer of Predictive Systems, a network and security consulting and information services company headquartered in New York City. Predictive Systems, founded in 1995, was a public company (NASDAQ—PRDS) with approximately $60 million in revenue in 2002 and its significant investors include General Atlantic Partners, SAIC, Cisco, and Bellsouth. He joined the company in July 2001, replacing the founder and CEO. In 2003, he sold Predictive Systems in a two-part transaction.
Prior to joining Predictive, Andy Zimmerman was the chief operating officer of idealab! New York and was responsible for operating the idealab! New York facility and its resident companies. idealab! creates, builds, and operates companies in the interactive communications business. All of idealab’s satellite incubator sites were closed down in 2001.
Before idealab!, Andy Zimmerman was the Global Leader of PricewaterhouseCoopers' E-Business Consulting Practice. He was responsible for planning and marketing e-services, alliance development, thought leadership, training and support, and equity investments in ebusiness ventures and partners. During this period, PwC’s ebusiness revenues grew from $300 million to $1.7 billion. Prior to the E-Business role, Andy Zimmerman served as the Global Industry Leader of PricewaterhouseCoopers’ Information and Communications practice.
Mr. Zimmerman has been a pioneer of Internet related activities for more than a decade. In 1986, he co-founded Reach Networks, one of the earliest Internet companies, which pioneered the use of IP based knowledge sharing networks. This technology was initially implemented as the Knowledge Network at Coopers & Lybrand, grew to 30,000 users, and was hailed in an article by Tom Peters, which he called “one of the most important stories we have ever run.”
Mr. Zimmerman authored the New York New Media Industry Survey in 1995, the first in-depth study of the new media industry and its impact on New York's economy. The study, which received widespread coverage including The New York Times, L.A. Times, and CNN Headlines News, quickly positioned New York City and Silicon Alley as a major hub for new media businesses.
Andy is a speaker at industry conferences, including the United States Telephone Association, Information Industry Association and Supercomm. He has been interviewed and quoted by CNN, CNBC, BBC, Fortune, Business Week, The Wall Street Journal, and The New York Times on topics ranging from the Internet to complexity theory to disruptive technologies.
Andy Zimmerman received a B.A. from Haverford College in three years and was subsequently awarded a Thomas J. Watson post-graduate Fellowship during which he travelled and studied with circuses in Western Europe and the Soviet Union. He received an M.S. from New York University and is a certified public accountant.

Sonam Kumari Gupta
PGDM 2nd SEM.