IT Companies Eye $116 Billion Contracts In 2017
- BENGALURU : Indian IT services companies have been steadily increasing their share in global IT outsourcing. Now with $116 billion worth of IT contracts coming up for renewal in 2017 and the growing trend towards splitting up large deals, they can look forward to some more gains in the coming year. Of the $116 billion, the top five Indian IT services providers account for $20 billion, the big five American companies (IBM, Accenture, CSC, HP , Xerox) account for $29 billion, and the top four European firms (Capgemini, Atos, BT, T-Systems) account for $17 billion. The remaining is split among a host of other smaller global and Indian providers, according to data from IT advisory firm ISG.
- Two new trends have the potential to change the way the contracts have till now been distributed. Customers are tending to split large cont racts -those in the $1-billion range -into smaller deals. Indian companies have traditionally been weak in the large contract space. So, any split should work to their advantage. The other trend is the increasing digital scope of deals -cloud, analytics and automation are becoming key parts of IT contracts coming up for renegotiation.
- This also reduces the total contract value (TCV) available on these deals. "While the net impact of this trend may not be accurately estimated, we expect that this would result in ACV (average contract value) drop of 2030% depending on the nature of deals and possibility of inclusion of disruptive solutions like cloud and automation," said Dinesh Goel, head of ISG. This means Indian IT services' gains will depend to a great extent on how well they have adapted to the new digital world in comparison to their global peers.
New, Improved Virat Kohli 3.0 Takes Indian Cricket To Another Level
- March 2008 : A brash Delhi boy ran around in circles, shouting "come on" till his voice choked after India won the under-19 World Cup under his captaincy in Kuala Lumpur. Detractors shook their head at his "theatrics". December 2014 : Stand-in captain Kohli led a charge at an improbable target of 364 against Australia. India shunned the option of a draw and lost by 48 runs. Critics hailed his innings but wondered if he was needlessly aggressive. Cut to the present . Having led India to an unassailable 3-0 lead over England, Kohli's evolution from precocious talent to reigning colossus seems complete.
- The fourth Test in Mumbai saw the three dimensions of Kohli shine through the batsman, the captain and the cricket statesman, even if he is only 28. He broke England's back with a superlative 235, his third double ton since July; never let the visitors breathe easy with his pro-active and clear-headed captaincy, and made a sagacious intervention to douse the fires when Ashwin got into a spat with Anderson over comments the English pacer had made about Kohli himself.
- With Kohli has come a new culture into Team India where skill, attitude, ambition and prudence merge to make for a potent cocktail. With coach Anil Kumble lending considerable weight as a teacher, tactician and motivator, Kohli has gone about fashioning a bunch of talented, fearless yet thoughtful cricketers who relish a challenge. It's interesting to note that while Kohli has trimmed his own stroke-play to help him make daddy hundreds in Tests, he hasn't ever asked the youngsters in his team do the same, allowing them to dare and dream. Because, at their age and situation, he was the same. Most importantly, Kohli has taken the team out of a primarily defensive mindset which used to bedevil our cricket like a shackle.
- One hopes, it stays this way. Everything he does on the field makes it obvious that Virat has matured and has much better control over himself as a player and as a person. He has worked hard at it. The best part, though, is that he has not let his growing maturity in any way dull a rather primal competitive urge in him. In fact, he has now become a more formidable adversary as a player and captain and the biggest threat bowlers around the world face 13 December 2016.
China Launches New Cargo Service Linking Tibet With Nepal
- BEIJING : China has launched a new cargo service linking Tibet and Nepal as dozens of trucks carrying goods worth $2.8 million left the Tibetan border port of Gyirong en route to Kathmandu. The new rail and road cargo service launched on Friday, linking Guangdong, Tibet and Nepal, aims to boost trade with the South Asian neighbour as China pushes forward its Belt and Road (Silk Road) initiative, state-run 'Xinhua' news agency reported on Saturday. A train carrying products, including shoes, clothes, hats, furniture, appliances, electronics and building materials, covered the 5,200-kilometer distance between Guangzhou, capital of Guangdong Province, and Xigaze in Tibet. The trucks are responsible for the remaining 870 kilometer of the journey, carrying goods to Gyirong and then to the final stop in Kathmandu, Nepal's capital.
- This is the first such consignment being sent to Nepal after new Prachanda government took over from his pro-China predecessor K P Sharma Oli, who had signed the transit trade deal with Beijing in March this year in a bid to reduce Nepal's dependence on India despite it being expensive due to the mountainous terrain. China also agreed his request to build a strategic railway link between the two countries from Gyirong, the last Tibetan county which shares border with Nepal. China plans to extend the railway later to India and other South Asian countries to promote trade. The process of formation of road and rail links however reportedly slowed down after Prachanda's take over resulting in the delay of Chinese President Xi Jinping's visit to Nepal.
- However, Xi and Prachanda met on the sidelines of BRICS summit at Goa in October this year. "The trip between Guangzhou and Gyirong takes about five to six days, much shorter than the 20 days for sea transport," said Yao Yanfeng, general manager of the freight carrier Tibet Tianzhi Import and Export Co. Ltd. "The time could be cut further to 3.7 days in the future,' the Xinhua report quoted him as saying. Yao said his company is providing relatively quick delivery service and, despite higher costs, it can meet demand for time-sensitive clients.
- "In the slower winter season, the train and trucks will make a round trip every one or two weeks. In the busy season next year, there will be two to three per week and, eventually, we're aiming for four to five trips per week," Yao said. In May, China opened a rail and road cargo service between Lanzhou in northwest China and Kathmandu. The new service starting from Guangzhou serves as an important trade passage between China and Nepal.
Anand Loses To Nakamura In London Classic
- LONDON : It was not the best of birthdays for five-time world champion Viswanathan Anand as he went down to Hikaru Nakamura of United States in the third round of London Chess Classic on Monday. This tournament has not been nice for the birthday boys. Just two days before Nakamura had lost to compatriot Wesley So on his birthday and today the American increased his lead over Anand to 8-2 in personal encounters apart from 13 draws in Classical games. The loss proved costly for Anand as he slipped back to 50 per cent score while Nakamura reached the same score with his first victory in the tournament. With six rounds still remaining in the super tournament, Wesley So continued to lead the tables on 2.5 points after escaping with a draw against Levon Aronian of Armenia.
- Aronian, Russian Vladimir Kramnik and Fabiano Caruana of United States share the second spot now on two points each while Anand, Nakamura and Anish Giri of Holland share the fifth spot on 1.5 points, a half point ahead of French Grandmaster Maxime Vachier-Lagrave. Michael Adams of England and Veselin Topalov of Bulgaria share the ninth spot having a half point each. After three decisive games each in round one and two, the day witnessed just one game providing the decisive result.
- Anand went for the Ragozin in the Queen pawn opening by Nakamura and the American deviated from an earlier game by the Indian to get some attack with his white pieces. Anand sacrificed his queen for two pieces but was unable to create a fortress as Nakamura was spot on. The American did not slip up in the complexities. Wesley So put up stiff resistance against Aronian in one of the most interesting games of the day.
- The Filipino-turned American is having the best time of his life on the chess board and 13 December 2016 was another extension that saw him come out unscathed in a difficult situation. In the end Aronian managed to only enter a drawn endgame. Veselin Topalov had similar opportunities against Vachier-Lagrave but in the end the Frenchman also found defensive resources to steer the game to a draw. It was a well-played game by Topalov and the Bulgarian was not happy with his efforts. "I started to find things for him," said Topalov after the game.
Pankaj Advani Wins World Billiards Championships Title
- BENGALURU : Ace Indian cueist Pankaj Advani won his 11th World Billiards (150-Up format) Championships title by beating Peter Gilchrist of Singapore in the summit clash on Monday. Advani beat multiple world champion Gilchrist by six games to three in a gripping final contest to wrap up his 16th world title overall. Coming into the finals with right frame of mind after defeating Myanmar's Aung Htay in the semifinals in the morning, Advani scripted a convincing victory over his Singapore-based British opponent. The Indian champion beat Gilchrist 151 (98)-33, 150 (97)-95, 124-150, 101 (98)-150 (89), 150 (87)-50, 152-37, 86 (86)-150, 151 (110)-104, 150 (88)-15. In contrast to his semifinal match, where he posted century break points in all the games, Advani was satisfied with going for short break points to put pressure on his rival.
- Advani posted his only century break of 110 in the eighth game of the match, which almost dashed the hopes of Gilchrist to win the title as he trailed 3-5 against the Indian cueist. Advani began on a strong note by pocketing the first two games, 150 points against 33 and 150 against 95. However, Gilchrist bounced back in the next two games by winning 150 points against 124 and 150 against 101, after he engineered 112 and 89 break points in third and fourth games.
- The 79-break point in the sixth game helped Advani to take a 4-2 lead over his opponent, but could not sustain it as he lost the seventh game after Gilchrist broke twice with 86 and 53 break points. Eighth and ninth games belonged to Advani, especially the final one, as he shattered the hopes of Gilchrist by posting a thumping 150 against 15 points, and laid claim to his eleventh world billiards championship. Earlier, Advani had beaten Htay 5-0 in the morning to storm into the finals while Gilchrist defeated India's Dhvaj Haria 5-1 in another semi-final.