IT Park/IT SEZ Project Hyderabad - Page 12

San..d..z · June 16th, 2011, 11:19 PM

San..d..z · June 16th, 2011, 11:31 PM

San..d..z · June 16th, 2011, 11:39 PM

This is HCL's new dinky little office in Hitechcity 2 , they have a bigger one in adjacent Raheja Mind Space.

HydSkyScraper · June 17th, 2011, 04:38 PM

Gulf Oil Corp mulling Rs 2K cr realty project

TIMES NEWS NETWORK

Hyderabad: The Telangana stir and the realty slump may have forced Hinduja group company Gulf Oil Corporation Ltd to put its ambitious realty plans in Hyderabad on hold,but the company is now trying to put the Rs 2,000 crore project back on track.
Gulf Oil is working on plans to capitalise on the upcoming 100 ft road to put up a 10.4 million sft mixed use project spread over 85 acres at Kukatpally adjacent to its headquarters.We had originally intended to put up a knowledge park two years ago but with the real estate slump and political uncertainty arising out of the T-issue we decided to revamp the project.We are now looking at developing a mixed use project with commercial,residential and some element of IT/ ITeS development at the site, Gulf Oil managing director Subhas Pramanik,said on Thursday.The company is also going ahead with its 5 million sft IT/ITeS park at Yelahanka at Bangalore.We will be breaking ground for the project in the next couple of months, Pramanik said

http://lite.epaper.timesofindia.com/...=&publabel=TOI

rockystone · June 20th, 2011, 04:38 PM

CGC India operations office moves to its own facility

http://www.zawya.com/story.cfm/sidZAWYA20110620131347

With its own state-of-the-art infrastructure, CGC is all set to give further thrust to its international business expansion
Taking a major initiative to expand further its international business operations and delivery capabilities, Consolidated Gulf Co. (CGC), Qatar's leading technology conglomerate, has moved its India operations office to its own state-of-the-art facility in the Knowledge City of Hyderabad, the capital of Andhra Pradesh province.
Anil Mahajan, COO, CGC, and Managing Director of CGC Converse Technologies Pvt. Ltd., the fully owned Indian subsidiary of CGC, gave details of the company's India venture. "This huge 10,000 square feet facility is the company's 1st infrastructure investment in India and is a part of CGC's strategic plan to serve through its fully owned Indian subsidiary the Engineering and As-Built 2D CAD Design / 3D Modeling requirements of the large Owners/Operators and EPCs in Oil & Gas, Petrochemicals, Refineries, Offshore, Fertilizers, Pharmaceuticals, Power, Cement and Utility industries on a global platform."

He further stated that the 4-story CGC Converse Tower will serve as CGC's design excellence center as well as back office to deliver large scale technology and engineering projects taking inspirations from its recently completed projects, including two of the world's single largest Laser grammetry based Intelligent As-Built 3D modeling projects covering multiple Offshore & Onshore Production Platforms for a national oil company.

The newly acquired facility is located in a prime business area and is fully air-conditioned with 24 hours uninterrupted power back up to facilitate further push to the CGC Management's efforts to provide required amenities for its employees for optimised work and result driven milieu. This vast office space enables the company to place itself in a strategic business hub and capitalise its reach and strength to spread wings and secure further opportunities in the future. The stand-alone structure will comprise of a complete corporate office setup, ultra modern communication facilities, latest network system, working facility, meeting room, conference hall, dining area, among others.
This initiative fully demonstrates CGC's enhanced capabilities and growing strength to expand further and faster, added Mahajan.

Prodigist · June 23rd, 2011, 07:23 PM

Facebook firms up India expansion plan

Quote:

Social networking major Facebook has firmed up expansion plans for its India support centre in Hyderabad. It has sought an additional 1,00,000 square feet office space at Raheja Mindspace SEZ here.

At present, it has about 30,000 sft and its headcount stands at 100. According to industry officials, 1,00,000 square feet will imply a direct employment to 1,000 people.

“Facebook has sought additional space in the same premises. The agreement was finalised only last month,” confirmed an official of the IT department of the AP government. However, no time frame has been fixed to reach to this capacity, he said.

The expansion plans coincide with one year celebration of Facebook in India. The Hyderabad centre now supplements its global operations and support teams located in Palo Alto, Dublin and Austin.

ygvjs2000 · June 24th, 2011, 02:54 PM

http://indiaeducationdiary.in/Shownews.asp?newsid=9391

Andhra Pradesh CM announces state to provide 15 lakh jobs in the next three years.
Hyderabad: The Chief Minister Sri N.kiran Kumar Reddy has announced that the State Government is contemplating to provide 15 lakh jobs in the next three years by upgrading the skills of the unemployed youth through special skill development programmes. The Chief Minister participated as chief guest in the "Facebook India day" held at Madhapur, here today.

Speaking on this occasion, the Chief Minister stated that welfare of the poor, Agriculture, Education, Health and Employment generation are the priority sectors of the State Government. Quoting the captions wrote on the Pillars of the "Facebook" building—Be bold—Move fast – Be open – Focus on impact – Build Trust", the Chief Minister said that the Government is following these quotations and focusing on people to whom the programmes are intended to reach. The Chief Minister said that Education alone can change the lives of the people and remove social barriers and social evils. The Government is very keen on development of the Education sector. During the 'Education Fortnight', the Government is spending Rs.2500 crores on infrastructure to Schools and giving lot of thrust to education and health.

The Government successfully brought back 38,000 school dropouts out of 1.27 lakh during this education fortnight. The Chief Minister appealed to the parents to allow the children to grow on their own. "My aspirations are different from my children. Unless we enjoy the work, we cannot develop", the Chief Minister commented. The Chief Minister said that T.V, Cell Phone, Computer and Internet have changed the lives very fast. 6000 high Schools were provided with computers in the State and another 4,000 schools would be provided this year. All Government Schools will also be provided computers in a phased manner. "We have prestigious educational institutions like IIT, BITS Pilani branch, and many more institutions are coming forward to establish their branches in the State", he added. Sri Kiran Kumar Reddy said that the State Government is providing Fee reimbursement and scholarships to 27 lakh students without any caste and creed barriers to the tune of Rs.3500 crores per annum. Andhra Pradesh is the only State in the country in extending this facility in a big way. The Government has spent Rs.2800 crores so far and provided Free quality medical treatment through Rajiv Arogyasri to 10 lakh poor people, he added.

The Chief Minister informed that income generation is very important and the government is striving its best through Industry, I.T and I.T.E.S. Andhra Pradesh is the best in Pharma and I.T industry. He complimented the 'FACEBOOK' organisation for selecting Hyderabad as their second destination in the world, besides Palo Alto, Dublin and Australia. "All my family members use 'Facebook'. I will also try to find out time to operate it', the Chief Minister informed. Answering to a query from the gathering, the Chief Minister said that "In politics I am very young. Second youngest Chief Minister in the country", the Chief Minister replied. The Government would constitute a team to work with 'Face Book' to improve the Schemes and programmes to be more people-friendly, he added.

"Ours is a very pro-active Government. Our prime objective is to make Hyderabad and Andhra Pradesh as International Destination for investments. We are following transparency in implementing Government Schemes and Programmes. Prestigious "Partnership Summit" in which 1500 world's top industrialists are to participate will be held in Hyderabad and also Bio-diversity Summit of 130 countries selected our State capital and this will be held in October 2012, the Chief Minister added. Sri Ponnala Lakshmaiah, Minister for IT and Endowments said that Hyderabad and Andhra Pradesh are very advantageous for investments and focus would be given for Animation and digital gaming. Sri Sanjay Jaju, Secretary, IT and C, Sri Paul Borrud, Head of Facebook, Australia and Ms.Kirthiga Reddy, Director of online Operations, Head Office, India Facebook also participated.

ygvjs2000 · June 24th, 2011, 03:01 PM

See the TIBCO Q2 Results.
http://seekingalpha.com/article/2764...all-transcript
"We also continue to see a strong demand for our Professional Services and we'll continue to expand our Professional Services resources, both onshore and offshore with the addition of our new Hyderabad location".

Prodigist · June 24th, 2011, 06:24 PM

Satyam Wins Saab Aerospace Contract

Quote:

In the latest sign that India's tech sector has ambitions beyond everyday software maintenance and development work, Swedish aerospace giant Saab said it plans to open a technology center on the subcontinent where engineers will focus on new product development and critical systems design for military and civilian aircraft.

The Saab India Technology Center will be operated by outsourcer Mahindra Satyam, which also handles some systems design work for European aircraft manufacturer Airbus. Satyam will locate the tech center at one of its existing facilities in Hyderabad later this year.

Engineers at the 300-seat center will work on new product development and product sustenance engineering, which focuses on keeping existing systems up to date. "India presents a huge opportunity for Saab across their business areas in aeronautics, dynamics, electronic defense systems, and security and defense solutions," Saab officials said in a statement.

Beyond its significance as a sign that India's outsourcing market is diversifying, the deal represents the latest step in Satyam's revival following an accounting scandal that nearly brought the company down.

rockystone · June 27th, 2011, 07:46 AM

Prithvi to set up network ops centre in Hyderabad

Prithvi Information Solutions Limited, a Hyderabad-based software consulting, outsourcing and business solutions company, is in the process of setting up a network operations centre (NOC) to monitor and maintain telecommunications networks of its clients in Brazil, Canada and central American countries from here.

“Earlier, we had a separate team for each geography. Now, we have consolidated our global telecom engineering services (TES) teams into one, which will be running out of Hyderabad with 1,000 people. We are on the verge of signing contracts with OEMs (original equipment manufacturers) like Nokia Siemens Networks (NSN), Alcatel, Ericsson and Huawei. The NOC, which will require an investment of $3 million in the next two years, will be operational from early September, NSN to start with,” Madhavi Vuppalapati, chief executive officer of Prithvi Information, told Business Standard.

Vuppalapati said the company was seeing tremendous progress in terms of IT managed services in the last one year, where it was outsourcing desktop support, Tier-I customer support, customer satisfaction support and quality assurance services for Fortune 500 companies.
“We have also changed our strategy in IT outsourcing and will now focus on mid-Tier customers that are between $1 billion and $10 billion to become their IT outsourcing partners, which will be a very high margin business for us. We are currently in talks with 10 global customers and have already signed two contracts to open dedicated centres (with 50 people each) for them. Our goal is to win all these 10 accounts soon,” she said.

To hire 1100
Vuppalapati said the company was looking at hiring 600 people between IT managed services and telecom engineering services over the next six months and hopefully more by the end of this financial year. For the network operations centre, Prithvi will recruit 500 more during the same timeframe, she said.

FY12 revenues to stay flat
Prithvi Information Solutions, which reported revenues of $422 million in FY10, clocked $341.3 million in FY11. The company expects its revenues to remain flat or grow 2-3 per cent this financial year. While IT contributes 67.25 per cent to the revenues, telecom accounts for the rest.

Vuppalapati said because of the recession in the US, net payment terms had been rapidly growing. “If you take the time value into consideration, we weren't making money on those deals. By design, we wanted to get rid of those contracts and focus on long-term deals. That is the main reason why we are now working on the managed services model, where payment terms are net 10 days to net 30 days,” she added.

“We are taking our focus away from growth in topline to growth in bottom line. We will rather be a half-a-billion dollar company with 20 per cent margins than becoming a $1-billion firm with 8-10 per cent margins. Right now, our margins are between 8 and 10 per cent and our goal is to rapidly grow that to 13-15 per cent in one or one-and-a-half years from now,” Vuppalapati said.

Prithvi’s scrip ended the trade at Rs 27.70 on the BSE on Friday, up 1.65 per cent, over the previous close of Rs 27.25.

ygvjs2000 · July 2nd, 2011, 04:42 PM

http://economictimes.indiatimes.com/...ow/9073515.cms
Hyderabad fast turning into a hub for startup companies

HYDERABAD: Amid the towering offices of multinational companies crowding the lanes of Hi-Tec City is a bunch of quirky, one-room 'work stations' which are scripting a new identity for Hyderabad - that of a startup hub. Run by tech 'gurus' throbbing with out-of-the-box concepts, these startups are mushrooming across the city's IT centre giving the jitters to firms even in Delhi, Chennai and Pune.

In fact in the last three years alone, their numbers have shot up from just a handful to over 400 and have a range of IT services on offer. From innovative products , advanced IT solutions and web-based facilities they have garnered expertise in every field, taking biggies in the industry by a storm.

While the startup story of Hyderabad is at least a decade old, what has led to the tremendous spurt in their numbers of late is a startup-friendly 'ecosystem' that has developed within the industry over the last few years. Besides the techies who have thrown their plump MNC jobs to the winds to turn entrepreneurs, it's also a set of well-equipped incubation centres that have helped nurture the city's startup market. To add to that is a network of angel investors pumping funds to crystallize creative ideas.

rockystone · July 9th, 2011, 05:05 PM

Oakton opens 400-seat facility in Hyd

http://www.business-standard.com/ind...in-hyd/442076/

Australian technology and business consulting services company Oakton today inaugurated its new facility here with a total capacity to house 400 people.

“Just four years after opening our first office in India at Hyderabad, this new building has been built to accommodate the growth of our India-based offshore business. The expansion is part of an investment of approximately Rs 25 crore over the next nine years,” Neil Wilson, chief executive officer of Oakton, told mediapersons.

The Australian Stock Exchange-listed consulting and technology company, which employs 1,150 professionals globally, currently has 160 staff in Hyderabad, and expects the numbers here to reach 200 by the end of the 2011 calendar year and touch 400 in the next three years.
The new facility features open-plan seating, fewer offices, and multiple meeting and breakout areas.

The company, had in March this year, announced that it would be expanding its operations in Hyderabad, from 22,000 sft to 44,000 sft, and that it had been delivering 25 per cent of its business from here.

At present, Oakton caters to 30 clients (a majority of them based out of Australia) including Leighton Contractors, GE Money, Virgin Mobile, Superpartners and Infigen across verticals like banking and financial services and retail using key technology solutions from Microsoft, Oracle and IBM.

“Australia is the only country which did not suffer due to the global financial crisis in 2009. At this time, we are supporting only Australian companies as the economy is continuing to grow. Our long-term plan (after 2-3 years from now) is to look at other markets as well,” Dennis Papakyriakopoulos, vice-president (India operations), said, adding that the company registered Aus $200 million (Rs 952 crore) revenues during the last financial year and expected a 10 per cent increase this fiscal

rockystone · July 11th, 2011, 08:38 PM

CMC Q1 net slips nearly 25% to Rs 34.88 cr

http://economictimes.indiatimes.com/...ow/9187926.cms

IT solutions provider CMC on Monday posted a 24.89 per cent decline in its consolidated net profit at Rs 34.88 crore for the quarter ended June 30, 2011, on account of increased staff costs.

The Tata group firm had a net profit of Rs 46.44 crore in the same period previous fiscal.

"This quarter EBIDTA profit is same as last year, but we had some additional investments in hiring people that impacted our bottomline," CMC CEO and MD R Ramanan told reporters here.

CMC's staff costs rose to Rs 95.80 crore in the first quarter from Rs 76.64 crore in corresponding period last year. The company's sub contracting and outsourcing costs increased to Rs 80.48 crore from Rs 61.31 crore in the same quarter last fiscal.

CMC's revenues rose to Rs 30.55 crore during Q1 FY'12 as against Rs 24.51 crore in the same period last year. The company has earmarked a capex of Rs 246 crore for the fiscal.

"We have a SEZ in Hyderabad, which is undergoing construction in phases. This year, we will invest about Rs 200 crore towards SEZ in Hyderabad

and Rs 4.5 crore towards SEZ in Kolkata and the remainder for other purposes," CMC Chief Financial Officer J K Gupta said, adding that the company had spent Rs 29 crore as capital expenditure during the first quarter.

Once the SEZ is complete, it will have the capacity to seat 13,000 people and 2,400 seats would be utilised by CMC and rest by Tata Consultancy Services , he said.

rizwan3 · July 13th, 2011, 02:38 PM

http://www.thehindu.com/business/com...cle2219122.ece

Progress Software expands operations

Progress Software of the U.S. plans to expand its operations in India by adding on strength and through acquisitions, President and CEO Richard D. Reidy said here on Monday.

Speaking to mediapersons after inaugurating the company's new facility here, Mr. Reidy said the business prospects across the world were encouraging this year and the Asia Pacific operations were expected to register 20 per cent revenue growth. He said that accelerated investments had affected the company's revenues last year.

Progress Software India has its offices in Mumbai, Hyderabad, Bangalore and Coimbatore with an employee strength of 450, including 300 here. The new facility would accommodate 170 more employees. The Hyderabad Development Centre was playing a strategic and critical role in the company's growth,

Hyderabad Centre Head and Vice President (Products) Ramesh Loganathan was also present.

rockystone · July 14th, 2011, 11:06 AM

Knoah Solutions to Increase Call Center Outsourcing Operations in Hyderabad, India

http://www.tmcnet.com/channels/agent...-hyderabad.htm

Knoah Solutions, a provider of call center outsourcing services, has just inked an agreement to fill a 90,000-square-foot facility located on the 110-acre business eco-system, Mindspace West Hyderabad.

This facility will dramatically elevate the level of Knoah's presence in India and make way for increased growth at the end of the year and going toward the future.
Sri Myneni, CEO of Knoah Solutions, stated in a press release, "2011 has started off with the addition of a number of very high profile clients along with significant expansion of some of our current clients. The new facility marks a significant milestone in Knoah Solutions history and with the recent opening of our Las Vegas, Nev., facility, we continue to demonstrate our commitment to providing high quality contact center outsourcing services to our clients."

A major factor in occupying Mindspace in the area of Hyderabad is its proximity to high-quality international hotels, including the Westin Hyderabad, and Hyderabad’s newly built international airport. According to the release, the new space has innovative technology including video conferencing and high-tech security.

Hyderabad is currently ranked as one of the most popular cities in India. It has leveraged the call center outsourcing and information technology industries, which boast professionals with a wide range of expertise. Knoah's centers in India allow the company to gain access to these employees while giving clients cost-effective services that help their business to continue to be successful.
"We are excited about Knoah's new India address," said Todd Althoff, vice president of marketing at Royal Consumer Information Products (News - Alert). "Knoah continues to impress us with their commitment to providing high-quality services out of India and the new facility will surely aid in that endeavor."
Knoah estimates that the new facility will be open by August 2011.

rizwan3 · July 26th, 2011, 06:08 AM

http://timesofindia.indiatimes.com/c...ow/9364427.cms

IT gives city realty sector a booster dose
TNN | Jul 26, 2011, 12.52AM IST

HYDERABAD: The Telangana issue may have kept Andhra Pradesh on the boil, but Hyderabad continues to beat the T-heat by reigning as a hot and happening destination for IT/ITeS

(information technology and IT enabled services) sector, according to the latest report of real estate consultancy major Cushman & Wakefield.

In fact, with the exception of Bangalore, Hyderabad beat other key IT/ITeS destinations like Chennai, NCR and Pune when it comes to luring IT/ITeS players to mop up office space during the April-June 2011 quarter.

According to Cushman & Wakefield, of the total 1 million sq ft space that was lapped up by companies in Hyderabad during the quarter, nearly 80 lakh sq ft space was mopped up by the IT/ITeS sector, with the remaining being picked up by sectors like BFSI (banking, financial services and insurance), engineering and consulting.

In comparision, NCR saw 64 lakh sq ft space being picked up by IT/ITeS players, Chennai 54 lakh sq ft and Pune 48 lakh sq ft space. Bangalore saw a whopping 2.96 million sq ft space being lapped up by IT players during the quarter.

The quarter saw social networking giant Facebook expand its presence in the city by leasing another 1.2 lakh sq ft space at the Raheja Mindspace, where it had made its debut in the middle of last year.

Interestingly, the total 1 million square ft space absorption during the April-June quarter this year marks a 13% jump over total office space absorption in the city during the January-March 2011 quarter, putting to rest the fears that the T-stir was taking its toll on the city's growth prospects.

"Hyderabad, which has been under the scanner due to its current political conditions, has put up an impressive growth which has shown promise over the last few quarters," said Arvind Nandan, executive director (consultancy services) Cushman & Wakefield. In fact, "Hyderabad remains dependent on the growth of IT/ITeS and is expected to remain so," Nandan added.

The reason for the healthy demand for space from the IT/ITeS sector is largely driven by the fact that IT/ITeS companies have long ago discounted the T-factor, explained Naveen Nandwani, office director (Hyderabad and Bangalore) at Cushman & Wakefield.

According to Cushman & Wakefield, IT/ITeS would continue to drive demand for office space in the city in the coming quarters as well despite the fact that a supply of around 1.5 lakh sq ft was expected to be added during the July-September 2011 quarter as several large projects get completed.

The trend of increasing absorption, the report added, was likely to continue during the second half of the year because the second half of the year usually sees a larger absorption of space going by previous yearly trends. "The demand for office space in Hyderabad is outstripping supply and putting pressure on rentals especially in the IT district. Rentals which were in the Rs 34-38 per sq ft range in areas like Madhapur are expected to go up in the coming quarters," Nandwani explained.

According to Cushman & Wakefield, of the total 1 million sq ft space that was lapped up by companies in Hyderabad during the quarter, nearly 80 lakh sq ft space was mopped up by the IT/ITeS sector, with the remaining being picked up by BFSI (banking, financial services and insurance), engineering and consulting.

ranga · July 26th, 2011, 01:25 PM

Quote:

Originally Posted by rizwan3

http://timesofindia.indiatimes.com/c...ow/9364427.cms

IT gives city realty sector a booster dose
TNN | Jul 26, 2011, 12.52AM IST

HYDERABAD: The Telangana issue may have kept Andhra Pradesh on the boil, but Hyderabad continues to beat the T-heat by reigning as a hot and happening destination for IT/ITeS

(information technology and IT enabled services) sector, according to the latest report of real estate consultancy major Cushman & Wakefield.

In fact, with the exception of Bangalore, Hyderabad beat other key IT/ITeS destinations like Chennai, NCR and Pune when it comes to luring IT/ITeS players to mop up office space during the April-June 2011 quarter.

According to Cushman & Wakefield, of the total 1 million sq ft space that was lapped up by companies in Hyderabad during the quarter, nearly 80 lakh sq ft space was mopped up by the IT/ITeS sector, with the remaining being picked up by sectors like BFSI (banking, financial services and insurance), engineering and consulting.

In comparision, NCR saw 64 lakh sq ft space being picked up by IT/ITeS players, Chennai 54 lakh sq ft and Pune 48 lakh sq ft space. Bangalore saw a whopping 2.96 million sq ft space being lapped up by IT players during the quarter.

The quarter saw social networking giant Facebook expand its presence in the city by leasing another 1.2 lakh sq ft space at the Raheja Mindspace, where it had made its debut in the middle of last year.

Interestingly, the total 1 million square ft space absorption during the April-June quarter this year marks a 13% jump over total office space absorption in the city during the January-March 2011 quarter, putting to rest the fears that the T-stir was taking its toll on the city's growth prospects.

"Hyderabad, which has been under the scanner due to its current political conditions, has put up an impressive growth which has shown promise over the last few quarters," said Arvind Nandan, executive director (consultancy services) Cushman & Wakefield. In fact, "Hyderabad remains dependent on the growth of IT/ITeS and is expected to remain so," Nandan added.

The reason for the healthy demand for space from the IT/ITeS sector is largely driven by the fact that IT/ITeS companies have long ago discounted the T-factor, explained Naveen Nandwani, office director (Hyderabad and Bangalore) at Cushman & Wakefield.

According to Cushman & Wakefield, IT/ITeS would continue to drive demand for office space in the city in the coming quarters as well despite the fact that a supply of around 1.5 lakh sq ft was expected to be added during the July-September 2011 quarter as several large projects get completed.

The trend of increasing absorption, the report added, was likely to continue during the second half of the year because the second half of the year usually sees a larger absorption of space going by previous yearly trends. "The demand for office space in Hyderabad is outstripping supply and putting pressure on rentals especially in the IT district. Rentals which were in the Rs 34-38 per sq ft range in areas like Madhapur are expected to go up in the coming quarters," Nandwani explained.

According to Cushman & Wakefield, of the total 1 million sq ft space that was lapped up by companies in Hyderabad during the quarter, nearly 80 lakh sq ft space was mopped up by the IT/ITeS sector, with the remaining being picked up by BFSI (banking, financial services and insurance), engineering and consulting.

1 million( is equal to 10 lakh sq ft) is the total absorbtion of space in Hyderabad how come 80 lakh sq ft space (8 million sq ft) is mopped by IT/ITes sector alone in Hyderabad just in one quarter?NCR 64 lakhs sq ft (6.4 million sq ft) Chennai 54 lakhs sq ft (5.4 million sq ft) pune 48 lakhs sq ft (4.8 million sq ft) are all higher than Bangaluru 2.96 million sq ft (29.6 lakhs sq ft) This news appears to be distorted.Kindly post accurate news and brush up your mathamatics before denoting cheers symbol.

HydSkyScraper · July 26th, 2011, 01:43 PM

Quote:

Originally Posted by ranga

1 million( is equal to 10 lakh sq ft) is the total absorbtion of space in Hyderabad how come 80 lakh sq ft space (8 million sq ft) is mopped by IT/ITes sector alone in Hyderabad just in one quarter?NCR 64 lakhs sq ft (6.4 million sq ft) Chennai 54 lakhs sq ft (5.4 million sq ft) pune 48 lakhs sq ft (4.8 million sq ft) are all higher than Bangaluru 2.96 million sq ft (29.6 lakhs sq ft) This news appears to be distorted.Kindly post accurate news and brush up your mathamatics before denoting cheers symbol.

It may be 10 Million for Hyderabad & 29.6 Million sqft for Bangaluru.

HydSkyScraper · July 26th, 2011, 01:48 PM

Quote:

Originally Posted by ranga

1 million( is equal to 10 lakh sq ft) is the total absorbtion of space in Hyderabad how come 80 lakh sq ft space (8 million sq ft) is mopped by IT/ITes sector alone in Hyderabad just in one quarter?NCR 64 lakhs sq ft (6.4 million sq ft) Chennai 54 lakhs sq ft (5.4 million sq ft) pune 48 lakhs sq ft (4.8 million sq ft) are all higher than Bangaluru 2.96 million sq ft (29.6 lakhs sq ft) This news appears to be distorted.Kindly post accurate news and brush up your mathamatics before denoting cheers symbol.

It may be 10 Million for Hyderabad and 29.6 Million sqft for Bangaluru.

ranga · July 26th, 2011, 02:12 PM

Such a huge absorbtion only in two cities in just one quarter?Unbelievable.This has never happened during the height of IT growth.It amounts to 1 crore sq ft in Hyderabad and 2.96 crores sq ft in Bangaluru.Can you please give the details of absorbtion and its source so that i can give to the authorities concerned and allay their fears in this Political turnmoil in A.P.

June 16th, 2011, 11:19 PM	#221
San..d..z Registered User Join Date: Dec 2010 Location: hyderabad/seattle Posts: 67 Likes (Received): 0	UBS @ Hitechcity 2

June 16th, 2011, 11:31 PM	#222
San..d..z Registered User Join Date: Dec 2010 Location: hyderabad/seattle Posts: 67 Likes (Received): 0	I-Gate @ Hitechcity 2

June 16th, 2011, 11:39 PM	#223
San..d..z Registered User Join Date: Dec 2010 Location: hyderabad/seattle Posts: 67 Likes (Received): 0	HCL @ Hitechcity 2 This is HCL's new dinky little office in Hitechcity 2 , they have a bigger one in adjacent Raheja Mind Space.

July 13th, 2011, 02:38 PM	#234
rizwan3 Registered User Join Date: Sep 2009 Location: Hyderabad Posts: 998 Likes (Received): 0	http://www.thehindu.com/business/com...cle2219122.ece Progress Software expands operations Progress Software of the U.S. plans to expand its operations in India by adding on strength and through acquisitions, President and CEO Richard D. Reidy said here on Monday. Speaking to mediapersons after inaugurating the company's new facility here, Mr. Reidy said the business prospects across the world were encouraging this year and the Asia Pacific operations were expected to register 20 per cent revenue growth. He said that accelerated investments had affected the company's revenues last year. Progress Software India has its offices in Mumbai, Hyderabad, Bangalore and Coimbatore with an employee strength of 450, including 300 here. The new facility would accommodate 170 more employees. The Hyderabad Development Centre was playing a strategic and critical role in the company's growth, Hyderabad Centre Head and Vice President (Products) Ramesh Loganathan was also present. __________________ I love My Hyderabad.IND

July 26th, 2011, 06:08 AM	#236
rizwan3 Registered User Join Date: Sep 2009 Location: Hyderabad Posts: 998 Likes (Received): 0	http://timesofindia.indiatimes.com/c...ow/9364427.cms IT gives city realty sector a booster dose TNN \| Jul 26, 2011, 12.52AM IST HYDERABAD: The Telangana issue may have kept Andhra Pradesh on the boil, but Hyderabad continues to beat the T-heat by reigning as a hot and happening destination for IT/ITeS (information technology and IT enabled services) sector, according to the latest report of real estate consultancy major Cushman & Wakefield. In fact, with the exception of Bangalore, Hyderabad beat other key IT/ITeS destinations like Chennai, NCR and Pune when it comes to luring IT/ITeS players to mop up office space during the April-June 2011 quarter. According to Cushman & Wakefield, of the total 1 million sq ft space that was lapped up by companies in Hyderabad during the quarter, nearly 80 lakh sq ft space was mopped up by the IT/ITeS sector, with the remaining being picked up by sectors like BFSI (banking, financial services and insurance), engineering and consulting. In comparision, NCR saw 64 lakh sq ft space being picked up by IT/ITeS players, Chennai 54 lakh sq ft and Pune 48 lakh sq ft space. Bangalore saw a whopping 2.96 million sq ft space being lapped up by IT players during the quarter. The quarter saw social networking giant Facebook expand its presence in the city by leasing another 1.2 lakh sq ft space at the Raheja Mindspace, where it had made its debut in the middle of last year. Interestingly, the total 1 million square ft space absorption during the April-June quarter this year marks a 13% jump over total office space absorption in the city during the January-March 2011 quarter, putting to rest the fears that the T-stir was taking its toll on the city's growth prospects. "Hyderabad, which has been under the scanner due to its current political conditions, has put up an impressive growth which has shown promise over the last few quarters," said Arvind Nandan, executive director (consultancy services) Cushman & Wakefield. In fact, "Hyderabad remains dependent on the growth of IT/ITeS and is expected to remain so," Nandan added. The reason for the healthy demand for space from the IT/ITeS sector is largely driven by the fact that IT/ITeS companies have long ago discounted the T-factor, explained Naveen Nandwani, office director (Hyderabad and Bangalore) at Cushman & Wakefield. According to Cushman & Wakefield, IT/ITeS would continue to drive demand for office space in the city in the coming quarters as well despite the fact that a supply of around 1.5 lakh sq ft was expected to be added during the July-September 2011 quarter as several large projects get completed. The trend of increasing absorption, the report added, was likely to continue during the second half of the year because the second half of the year usually sees a larger absorption of space going by previous yearly trends. "The demand for office space in Hyderabad is outstripping supply and putting pressure on rentals especially in the IT district. Rentals which were in the Rs 34-38 per sq ft range in areas like Madhapur are expected to go up in the coming quarters," Nandwani explained. According to Cushman & Wakefield, of the total 1 million sq ft space that was lapped up by companies in Hyderabad during the quarter, nearly 80 lakh sq ft space was mopped up by the IT/ITeS sector, with the remaining being picked up by BFSI (banking, financial services and insurance), engineering and consulting. __________________ I love My Hyderabad.IND

June 17th, 2011, 04:38 PM	#224
HydSkyScraper Registered User Join Date: May 2011 Posts: 61 Likes (Received): 3	Gulf Oil Corp mulling Rs 2K cr realty project TIMES NEWS NETWORK Hyderabad: The Telangana stir and the realty slump may have forced Hinduja group company Gulf Oil Corporation Ltd to put its ambitious realty plans in Hyderabad on hold,but the company is now trying to put the Rs 2,000 crore project back on track. Gulf Oil is working on plans to capitalise on the upcoming 100 ft road to put up a 10.4 million sft mixed use project spread over 85 acres at Kukatpally adjacent to its headquarters.We had originally intended to put up a knowledge park two years ago but with the real estate slump and political uncertainty arising out of the T-issue we decided to revamp the project.We are now looking at developing a mixed use project with commercial,residential and some element of IT/ ITeS development at the site, Gulf Oil managing director Subhas Pramanik,said on Thursday.The company is also going ahead with its 5 million sft IT/ITeS park at Yelahanka at Bangalore.We will be breaking ground for the project in the next couple of months, Pramanik said http://lite.epaper.timesofindia.com/...=&publabel=TOI

June 20th, 2011, 04:38 PM	#225
rockystone Registered User Join Date: Jul 2010 Posts: 557 Likes (Received): 19	CGC India operations office moves to its own facility http://www.zawya.com/story.cfm/sidZAWYA20110620131347 With its own state-of-the-art infrastructure, CGC is all set to give further thrust to its international business expansion Taking a major initiative to expand further its international business operations and delivery capabilities, Consolidated Gulf Co. (CGC), Qatar's leading technology conglomerate, has moved its India operations office to its own state-of-the-art facility in the Knowledge City of Hyderabad, the capital of Andhra Pradesh province. Anil Mahajan, COO, CGC, and Managing Director of CGC Converse Technologies Pvt. Ltd., the fully owned Indian subsidiary of CGC, gave details of the company's India venture. "This huge 10,000 square feet facility is the company's 1st infrastructure investment in India and is a part of CGC's strategic plan to serve through its fully owned Indian subsidiary the Engineering and As-Built 2D CAD Design / 3D Modeling requirements of the large Owners/Operators and EPCs in Oil & Gas, Petrochemicals, Refineries, Offshore, Fertilizers, Pharmaceuticals, Power, Cement and Utility industries on a global platform." He further stated that the 4-story CGC Converse Tower will serve as CGC's design excellence center as well as back office to deliver large scale technology and engineering projects taking inspirations from its recently completed projects, including two of the world's single largest Laser grammetry based Intelligent As-Built 3D modeling projects covering multiple Offshore & Onshore Production Platforms for a national oil company. The newly acquired facility is located in a prime business area and is fully air-conditioned with 24 hours uninterrupted power back up to facilitate further push to the CGC Management's efforts to provide required amenities for its employees for optimised work and result driven milieu. This vast office space enables the company to place itself in a strategic business hub and capitalise its reach and strength to spread wings and secure further opportunities in the future. The stand-alone structure will comprise of a complete corporate office setup, ultra modern communication facilities, latest network system, working facility, meeting room, conference hall, dining area, among others. This initiative fully demonstrates CGC's enhanced capabilities and growing strength to expand further and faster, added Mahajan.

June 24th, 2011, 02:54 PM	#227
ygvjs2000 Registered User Join Date: Jul 2010 Posts: 388 Likes (Received): 0	http://indiaeducationdiary.in/Shownews.asp?newsid=9391 Andhra Pradesh CM announces state to provide 15 lakh jobs in the next three years. Hyderabad: The Chief Minister Sri N.kiran Kumar Reddy has announced that the State Government is contemplating to provide 15 lakh jobs in the next three years by upgrading the skills of the unemployed youth through special skill development programmes. The Chief Minister participated as chief guest in the "Facebook India day" held at Madhapur, here today. Speaking on this occasion, the Chief Minister stated that welfare of the poor, Agriculture, Education, Health and Employment generation are the priority sectors of the State Government. Quoting the captions wrote on the Pillars of the "Facebook" building—Be bold—Move fast – Be open – Focus on impact – Build Trust", the Chief Minister said that the Government is following these quotations and focusing on people to whom the programmes are intended to reach. The Chief Minister said that Education alone can change the lives of the people and remove social barriers and social evils. The Government is very keen on development of the Education sector. During the 'Education Fortnight', the Government is spending Rs.2500 crores on infrastructure to Schools and giving lot of thrust to education and health. The Government successfully brought back 38,000 school dropouts out of 1.27 lakh during this education fortnight. The Chief Minister appealed to the parents to allow the children to grow on their own. "My aspirations are different from my children. Unless we enjoy the work, we cannot develop", the Chief Minister commented. The Chief Minister said that T.V, Cell Phone, Computer and Internet have changed the lives very fast. 6000 high Schools were provided with computers in the State and another 4,000 schools would be provided this year. All Government Schools will also be provided computers in a phased manner. "We have prestigious educational institutions like IIT, BITS Pilani branch, and many more institutions are coming forward to establish their branches in the State", he added. Sri Kiran Kumar Reddy said that the State Government is providing Fee reimbursement and scholarships to 27 lakh students without any caste and creed barriers to the tune of Rs.3500 crores per annum. Andhra Pradesh is the only State in the country in extending this facility in a big way. The Government has spent Rs.2800 crores so far and provided Free quality medical treatment through Rajiv Arogyasri to 10 lakh poor people, he added. The Chief Minister informed that income generation is very important and the government is striving its best through Industry, I.T and I.T.E.S. Andhra Pradesh is the best in Pharma and I.T industry. He complimented the 'FACEBOOK' organisation for selecting Hyderabad as their second destination in the world, besides Palo Alto, Dublin and Australia. "All my family members use 'Facebook'. I will also try to find out time to operate it', the Chief Minister informed. Answering to a query from the gathering, the Chief Minister said that "In politics I am very young. Second youngest Chief Minister in the country", the Chief Minister replied. The Government would constitute a team to work with 'Face Book' to improve the Schemes and programmes to be more people-friendly, he added. "Ours is a very pro-active Government. Our prime objective is to make Hyderabad and Andhra Pradesh as International Destination for investments. We are following transparency in implementing Government Schemes and Programmes. Prestigious "Partnership Summit" in which 1500 world's top industrialists are to participate will be held in Hyderabad and also Bio-diversity Summit of 130 countries selected our State capital and this will be held in October 2012, the Chief Minister added. Sri Ponnala Lakshmaiah, Minister for IT and Endowments said that Hyderabad and Andhra Pradesh are very advantageous for investments and focus would be given for Animation and digital gaming. Sri Sanjay Jaju, Secretary, IT and C, Sri Paul Borrud, Head of Facebook, Australia and Ms.Kirthiga Reddy, Director of online Operations, Head Office, India Facebook also participated.

June 24th, 2011, 03:01 PM	#228
ygvjs2000 Registered User Join Date: Jul 2010 Posts: 388 Likes (Received): 0	See the TIBCO Q2 Results. http://seekingalpha.com/article/2764...all-transcript "We also continue to see a strong demand for our Professional Services and we'll continue to expand our Professional Services resources, both onshore and offshore with the addition of our new Hyderabad location".

June 27th, 2011, 07:46 AM	#230
rockystone Registered User Join Date: Jul 2010 Posts: 557 Likes (Received): 19	Prithvi to set up network ops centre in Hyderabad Prithvi Information Solutions Limited, a Hyderabad-based software consulting, outsourcing and business solutions company, is in the process of setting up a network operations centre (NOC) to monitor and maintain telecommunications networks of its clients in Brazil, Canada and central American countries from here. “Earlier, we had a separate team for each geography. Now, we have consolidated our global telecom engineering services (TES) teams into one, which will be running out of Hyderabad with 1,000 people. We are on the verge of signing contracts with OEMs (original equipment manufacturers) like Nokia Siemens Networks (NSN), Alcatel, Ericsson and Huawei. The NOC, which will require an investment of $3 million in the next two years, will be operational from early September, NSN to start with,” Madhavi Vuppalapati, chief executive officer of Prithvi Information, told Business Standard. Vuppalapati said the company was seeing tremendous progress in terms of IT managed services in the last one year, where it was outsourcing desktop support, Tier-I customer support, customer satisfaction support and quality assurance services for Fortune 500 companies. “We have also changed our strategy in IT outsourcing and will now focus on mid-Tier customers that are between $1 billion and $10 billion to become their IT outsourcing partners, which will be a very high margin business for us. We are currently in talks with 10 global customers and have already signed two contracts to open dedicated centres (with 50 people each) for them. Our goal is to win all these 10 accounts soon,” she said. To hire 1100 Vuppalapati said the company was looking at hiring 600 people between IT managed services and telecom engineering services over the next six months and hopefully more by the end of this financial year. For the network operations centre, Prithvi will recruit 500 more during the same timeframe, she said. FY12 revenues to stay flat Prithvi Information Solutions, which reported revenues of $422 million in FY10, clocked $341.3 million in FY11. The company expects its revenues to remain flat or grow 2-3 per cent this financial year. While IT contributes 67.25 per cent to the revenues, telecom accounts for the rest. Vuppalapati said because of the recession in the US, net payment terms had been rapidly growing. “If you take the time value into consideration, we weren't making money on those deals. By design, we wanted to get rid of those contracts and focus on long-term deals. That is the main reason why we are now working on the managed services model, where payment terms are net 10 days to net 30 days,” she added. “We are taking our focus away from growth in topline to growth in bottom line. We will rather be a half-a-billion dollar company with 20 per cent margins than becoming a $1-billion firm with 8-10 per cent margins. Right now, our margins are between 8 and 10 per cent and our goal is to rapidly grow that to 13-15 per cent in one or one-and-a-half years from now,” Vuppalapati said. Prithvi’s scrip ended the trade at Rs 27.70 on the BSE on Friday, up 1.65 per cent, over the previous close of Rs 27.25.

July 2nd, 2011, 04:42 PM	#231
ygvjs2000 Registered User Join Date: Jul 2010 Posts: 388 Likes (Received): 0	http://economictimes.indiatimes.com/...ow/9073515.cms Hyderabad fast turning into a hub for startup companies HYDERABAD: Amid the towering offices of multinational companies crowding the lanes of Hi-Tec City is a bunch of quirky, one-room 'work stations' which are scripting a new identity for Hyderabad - that of a startup hub. Run by tech 'gurus' throbbing with out-of-the-box concepts, these startups are mushrooming across the city's IT centre giving the jitters to firms even in Delhi, Chennai and Pune. In fact in the last three years alone, their numbers have shot up from just a handful to over 400 and have a range of IT services on offer. From innovative products , advanced IT solutions and web-based facilities they have garnered expertise in every field, taking biggies in the industry by a storm. While the startup story of Hyderabad is at least a decade old, what has led to the tremendous spurt in their numbers of late is a startup-friendly 'ecosystem' that has developed within the industry over the last few years. Besides the techies who have thrown their plump MNC jobs to the winds to turn entrepreneurs, it's also a set of well-equipped incubation centres that have helped nurture the city's startup market. To add to that is a network of angel investors pumping funds to crystallize creative ideas.

July 9th, 2011, 05:05 PM	#232
rockystone Registered User Join Date: Jul 2010 Posts: 557 Likes (Received): 19	Oakton opens 400-seat facility in Hyd http://www.business-standard.com/ind...in-hyd/442076/ Australian technology and business consulting services company Oakton today inaugurated its new facility here with a total capacity to house 400 people. “Just four years after opening our first office in India at Hyderabad, this new building has been built to accommodate the growth of our India-based offshore business. The expansion is part of an investment of approximately Rs 25 crore over the next nine years,” Neil Wilson, chief executive officer of Oakton, told mediapersons. The Australian Stock Exchange-listed consulting and technology company, which employs 1,150 professionals globally, currently has 160 staff in Hyderabad, and expects the numbers here to reach 200 by the end of the 2011 calendar year and touch 400 in the next three years. The new facility features open-plan seating, fewer offices, and multiple meeting and breakout areas. The company, had in March this year, announced that it would be expanding its operations in Hyderabad, from 22,000 sft to 44,000 sft, and that it had been delivering 25 per cent of its business from here. At present, Oakton caters to 30 clients (a majority of them based out of Australia) including Leighton Contractors, GE Money, Virgin Mobile, Superpartners and Infigen across verticals like banking and financial services and retail using key technology solutions from Microsoft, Oracle and IBM. “Australia is the only country which did not suffer due to the global financial crisis in 2009. At this time, we are supporting only Australian companies as the economy is continuing to grow. Our long-term plan (after 2-3 years from now) is to look at other markets as well,” Dennis Papakyriakopoulos, vice-president (India operations), said, adding that the company registered Aus $200 million (Rs 952 crore) revenues during the last financial year and expected a 10 per cent increase this fiscal

July 11th, 2011, 08:38 PM	#233
rockystone Registered User Join Date: Jul 2010 Posts: 557 Likes (Received): 19	CMC Q1 net slips nearly 25% to Rs 34.88 cr http://economictimes.indiatimes.com/...ow/9187926.cms IT solutions provider CMC on Monday posted a 24.89 per cent decline in its consolidated net profit at Rs 34.88 crore for the quarter ended June 30, 2011, on account of increased staff costs. The Tata group firm had a net profit of Rs 46.44 crore in the same period previous fiscal. "This quarter EBIDTA profit is same as last year, but we had some additional investments in hiring people that impacted our bottomline," CMC CEO and MD R Ramanan told reporters here. CMC's staff costs rose to Rs 95.80 crore in the first quarter from Rs 76.64 crore in corresponding period last year. The company's sub contracting and outsourcing costs increased to Rs 80.48 crore from Rs 61.31 crore in the same quarter last fiscal. CMC's revenues rose to Rs 30.55 crore during Q1 FY'12 as against Rs 24.51 crore in the same period last year. The company has earmarked a capex of Rs 246 crore for the fiscal. "We have a SEZ in Hyderabad, which is undergoing construction in phases. This year, we will invest about Rs 200 crore towards SEZ in Hyderabad and Rs 4.5 crore towards SEZ in Kolkata and the remainder for other purposes," CMC Chief Financial Officer J K Gupta said, adding that the company had spent Rs 29 crore as capital expenditure during the first quarter. Once the SEZ is complete, it will have the capacity to seat 13,000 people and 2,400 seats would be utilised by CMC and rest by Tata Consultancy Services , he said.

July 14th, 2011, 11:06 AM	#235
rockystone Registered User Join Date: Jul 2010 Posts: 557 Likes (Received): 19	Knoah Solutions to Increase Call Center Outsourcing Operations in Hyderabad, India http://www.tmcnet.com/channels/agent...-hyderabad.htm Knoah Solutions, a provider of call center outsourcing services, has just inked an agreement to fill a 90,000-square-foot facility located on the 110-acre business eco-system, Mindspace West Hyderabad. This facility will dramatically elevate the level of Knoah's presence in India and make way for increased growth at the end of the year and going toward the future. Sri Myneni, CEO of Knoah Solutions, stated in a press release, "2011 has started off with the addition of a number of very high profile clients along with significant expansion of some of our current clients. The new facility marks a significant milestone in Knoah Solutions history and with the recent opening of our Las Vegas, Nev., facility, we continue to demonstrate our commitment to providing high quality contact center outsourcing services to our clients." A major factor in occupying Mindspace in the area of Hyderabad is its proximity to high-quality international hotels, including the Westin Hyderabad, and Hyderabad’s newly built international airport. According to the release, the new space has innovative technology including video conferencing and high-tech security. Hyderabad is currently ranked as one of the most popular cities in India. It has leveraged the call center outsourcing and information technology industries, which boast professionals with a wide range of expertise. Knoah's centers in India allow the company to gain access to these employees while giving clients cost-effective services that help their business to continue to be successful. "We are excited about Knoah's new India address," said Todd Althoff, vice president of marketing at Royal Consumer Information Products (News - Alert). "Knoah continues to impress us with their commitment to providing high-quality services out of India and the new facility will surely aid in that endeavor." Knoah estimates that the new facility will be open by August 2011.

July 26th, 2011, 02:12 PM	#240
ranga Registered User Join Date: Nov 2006 Location: Hyderabad Posts: 2,868 Likes (Received): 109	Such a huge absorbtion only in two cities in just one quarter?Unbelievable.This has never happened during the height of IT growth.It amounts to 1 crore sq ft in Hyderabad and 2.96 crores sq ft in Bangaluru.Can you please give the details of absorbtion and its source so that i can give to the authorities concerned and allay their fears in this Political turnmoil in A.P.

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