Interviews of professional interest

The emergence of social media has made the human element very critical

2011-04-19T01:54:00.000-07:00

IT innovation for financial services

There are innumerable opportunities for solving traditional problems and adapting to the new trends in the financial services industry, with the help of technology and innovation, avers Jaya Vaidhyanathan, Executive Vice-President and Head of Technology and Strategic Transformation in Scope International P Ltd, Chennai.

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Global consumers have been risk-averse to buying software products from SMEs.

2011-03-14T03:26:00.000-07:00

IT is a complex grid

It was at a recent IIM-Bangalore alumni event in Chennai that as an ‘outsider' I met Gopal GD Shrikanth, CEO Coach & Strategist, Chennai (http://bit.ly/F4TGopalGD). GD — an alumnus of IIT, IIM, Columbia and Wharton — is a Mentoring Chair of Wharton Alumni Association of India and a former Country Manager, SBU-Head, Centre-Head, Practice-Head of many IT MNCs.

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The penetration of ICT among MSMEs in India is very low

2011-03-14T03:23:00.000-07:00

Large dose of ICT…

To gain a sustainable competitive advantage over their counterparts across the globe, there is an urgent need for Indian MSMEs (micro, small and medium enterprises) to adopt information and communication technology (ICT), says Dinesh Agarwal, Founder and CEO, IndiaMART InterMESH Ltd, Noida

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Most of the articles we see about cloud computing address the concept from a technical point of view.

2011-02-07T01:56:00.000-08:00

Up the ante in the ‘cloud' game, with APPU

Gone are those days when we were stuck, sitting in front of our computer to manage both our personal and professional computing needs, because cloud computing has liberated us from the need for a powerful computer on our desks ... K. Varadharajan, CEO of Chennai-based CloudsDirect likes to define cloud computing for non-techies in a way that could resonate with the terminologies they are already familiar with, while he directs techies to read the definition put forth by NIST, as ‘the best and least controversial definition about cloud computing.'

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The three pillars of computing include energy-efficient performance, security, and connectivity

2011-02-07T01:51:00.000-08:00

Towards seamless computing

Compute continuum was the theme that Praveen Vishakantaiah, President - Intel India, Bangalore (http://bit.ly/F4TPraveenV) spoke at length on, during the recent VLSI conference in IIT-Madras. “Intel's vision is to connect and enrich the life of every person on earth,” he declared, during the brief interaction with Business Line, post his presentation. And our conversation continued over email.

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Neural implants presently offer limited cure to those suffering from epilepsy and Parkinson's diseases

2011-02-07T01:47:00.000-08:00

IT in health

A recent talk jointly organised by the Chennai chapters of the Computer Society of India and the IEEE Computer Society was on ‘Futuristic information and communication technologies and their possible implications for biomedical applications,' by V. Lakshmi Narasimhan, Professor, Department of Computer Science & Software Engineering, East Carolina University, US.

Till now, parallel computing has been the exclusive domains of scientists

2011-01-25T02:39:00.000-08:00

Share to excel

Interdisciplinary research, more so in computer science and engineering, is lacking, feels N. Venkateswaran, Founder Director, Waran Research Foundation, Chennai (http://bit.ly/F4TWaran). The saddest part is that experts from a different science field who have made the most relevant applied research contributions to the field of computer science and engineering are not encouraged to come into the mainstream, he rues, in the course of a recent interaction with Business Line, during the VLSI Conference held in IIT-Madras.

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More and more manufacturers and distributors have started selling their products online

2011-01-25T02:34:00.000-08:00

Focus on electronics prototypes, pilot runs

During my brief interaction with Kumar Natarajan, who is the VP (Operations) of Chennai-based Kantel Technologies (http://bit.ly/F4TKantel), the discussion is about the changes in the electronics manufacturing landscape. As someone who is involved in the supply chain for the new product development of electronics manufacturers, Kumar shares his experience about the domain, even as fireworks fill the night sky, and his batch-mates of REC Trichy (1981-85) party around the SRM Hotel swimming pool. Our conversation resumes over email…

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The basic premise of cost arbitrage is under attack

2011-01-21T01:15:00.000-08:00

Train recruits or recruit the trained?

Were you to ask Santanu Paul — CEO and Managing Director of TalentSprint P Ltd, Hyderabad (http://bit.ly/F4TSantanuPaul) — whether he sees professional skill development as a commercial venture or a social one, he would not fall into the ‘or' trap. “It is both,” avers Paul, during the course of a recent interaction with eWorld.

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The needs of integrators are different from those of creators

2011-01-21T01:10:00.000-08:00

Close the talent gap

India as a talent pool and a market for design automation' is one of the topics that Rahul Arya — Director of Marketing & Technology Sales in Cadence Design Systems (I) Pvt Ltd, Bangalore (http://bit.ly/F4TRahulArya) — brings up during a recent interaction with eWorld.

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The proportion of consultants who can be considered experts in the integration between different modules is miniscule even today

2011-01-11T02:12:00.000-08:00

What makes an ERP consultant successful

The bus heading to REC Trichy is packed with alumni and ready to leave from the hotel portico. But before joining his batch-mates (1981-85) for a literal walk down memory lane, S. Rangarajan, a Bangalore-based SAP consultant (http://bit.ly/F4TSRangarajan), shares with Business Line a few interesting insights from his consulting experience. We continue our conversation over email…

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It is important that the organisations should be capable of measuring their performance, productivity, and efficiency

2011-01-11T02:04:00.000-08:00

Smart way to spend

One of the ways to keep the cost of information technology as low as possible for small and medium businesses is to look for solutions in SaaS (Software as a Service), says Desi Valli, Executive Director & COO, Net 4 India Ltd, Noida (http://bit.ly/F4TDesiValli), a company that provides CRM on a service model.

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Innovation is a long process and therefore it cannot have a specific time frame to happen

2011-01-05T01:05:00.001-08:00

Innovation should benefit end users

Motivating employees to innovate, and creating a culture that encourages innovation, can often result in organisations spending considerable time and energy to examine several frivolous ideas, cautions Ferose V. R., Managing Director, SAP Labs India Pvt Ltd, Bangalore.

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India is the preferred destination in the global engineering value chain

2011-01-01T02:10:00.000-08:00

‘Engineered in India'

As the head of HCL Engineering and R&D Services, G.H. Rao (http://bit.ly/F4TGHRao) has at least half-a-dozen things to say in answer to my poser, ‘In what ways can our policies and procedures enable the development of engineering research services?' With a structured focus towards development of engineering research activities, the government needs to establish a complete product development ecosystem that can supplement design with prototyping and manufacture, begins Rao, during a recent interaction with eWorld.

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Two major factors affect the current design scene, viz. technology and manufacturing advancements.

2010-12-23T01:19:00.000-08:00

They've got designs — on hand-helds

My interaction with M.M. Shah begins with a simple request — to take me through a historical journey of how IT (information technology) has been used in the design process over the years. An industrial designer's job is to understand user needs and make a product that has better aesthetic appeal, begins Shah, Industrial Design Consultant, D-Cube Designs, Chennai (http://bit.ly/F4TMMShah).

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True integration of IT with energy management started with ‘building automation systems'

2010-12-19T02:02:00.000-08:00

Charge Energy with IT

Green' is bringing in newer opportunities to the use of IT (information technology) in the energy area, avers Govi Rao, President and CEO of US-based Noveda Technologies (http://bit.ly/F4TGoviRao). As we have experienced with the Internet, affordable, rapid and universal communication can enable sophisticated transactions, create entirely new business models and move through society with agility and speed (Facebook, Twitter, etc), he reasons, during the course of a recent interaction with eWorld.

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Every new technology or methodology introduced or improved requires certain amount of effort to adopt the same

2010-12-13T00:36:00.000-08:00

Model-driven approach…

There are two interesting aspects to the Indian market for technology-enabled platforms, begins Venki Muthanna, CEO, AppPoint Software Solutions Pvt Ltd, Bangalore . On the one hand there is an enormous amount of maturity in terms of technology understanding, and on the other it is a highly value-driven market, he explains, during a recent interaction with eWorld.

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Agriculture survives on subsidies, hence the returns and profits are often notional

2010-12-13T00:02:00.000-08:00

Professional support that farmers need

India's agriculture economy is a low-growth sector and, in general, very risky, loss-making , with low contribution to GDP.” While this is the standard accepted economists' view, strangely, with recession, sub-prime crisis, corporate scams, now every sector from information technology to retail, once considered the shining stars of India Inc are cutting an even sorrier figure, says Mr Venkata Subramanian, Founder and Managing Director, eFarm, Chennai.

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The inventory management modules may appeal to warehouse/cold fleet operators

2010-11-30T01:59:00.000-08:00

Call of the farm

The previous IT (information technology) wave was more in outsourcing, but youngsters now are no longer satisfied with just a pay package and a cubicle life, observes Venkata Subramanian, Founder and Managing Director, eFarm, Chennai (http://bit.ly/F4TeFarm). With hardware and software costs becoming so affordable, entrepreneurs with a niche idea and know-how to combine the IT strength to a craving business need can see great success, he adds, during a recent lunch-hour interaction with eWorld.. “We are optimistic that the next generation will be the ones who will bring about a change in agriculture…”

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Mobile solutions become very interesting for the personal finance space

2010-11-29T01:55:00.000-08:00

Tech tools in personal finance management

To those who feel guilty that they are not managing their personal finances in a disciplined way, the good news is that they may well belong to the majority. And, more importantly, the blame may often lie in the absence of tools for managing finances, rather than disinclination to be thorough with one's incomes and expenses, feels V.R. Govindarajan, Director, Perfios Software Solutions Pvt Ltd, Bangalore (http://bit.ly/F4TPerfios).

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Collaboration and collective wisdom would be the key mantra for MIS in the near future

2010-11-18T02:11:00.000-08:00

‘Distill' information for true MIS 2.0

Collaborative decision-making, which taps into the knowledge that exists across all levels in the organisation, works wonders for root-cause analysis, and hence problem-solving becomes a regular affair, avers Poornima Sathy, JEO and Head of Operations, Distil Information Systems, Chennai (http://bit.ly/F4TDistilInfo).

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Historically, Indian industry has resigned itself to a highly complicated and cumbersome way of doing business.

2010-11-18T02:08:00.000-08:00

GST can usher in a level-playing field

The rollout of GST (Goods and Services Tax) and the removal of exemptions and tariff variations will change the market dynamics, feels Mr K. P. Gopal, Director, Stuser Tools Pvt Ltd, Chennai. “It can make some companies more price-competitive than earlier, while it can make others (who enjoyed the benefit of tariff variations) less competitive,” he adds, during the course of a recent interaction with Business Line.

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HRO firms are continuing to grow at a much higher rate than the economy at large

2010-11-18T02:06:00.000-08:00

Employee-friendly healthcare

With the increasing costs of healthcare in the US, what are the steps being taken by organisations to save these costs as regards their employees? Responding to this poser, Mr Venkat Tadanki, CEO, Secova, US ( http://bit.ly/F4TTadanki) — a player in the HRO (human resource outsourcing) space — discusses the long-term, short-term, and ongoing initiatives in organisations, during the course of a recent email interaction with Business Line.

Markets pay a premium for services and goods of all kinds

2010-11-10T02:24:00.000-08:00

‘Follow your heart'

It is with a story that Srikanth Jadcherla, CEO-Seer Akademi (India) (http://bit.ly/F4TJadcherlaS), begins a recent lunch-hour interaction with eWorld. “The engineering entrance topper in Andhra Pradesh this year was the son of an auto-rickshaw driver; an incredible accomplishment for someone without any privilege or advantage by birth. The bright kid chooses to study Electronics and Communication Engineering and hold your breath — work for an IT major and move his family to Hyderabad. And thus we sink one more brain that could win a Nobel Prize.”

Invest in integrated tools, security and transition methodologies

2010-11-01T02:21:00.000-07:00

On the RIM of action

What the acronym RIM evokes in Rajiv Kaul is not ‘Research in Motion' but ‘Remote Infrastructure Management.' Because, as the Executive Vice-Chairman and CEO of Mumbai-based CMS Info Systems Pvt Ltd (http://bit.ly/F4TRajivCMS), Rajiv is excited about the potential that RIM holds for the IT (information technology) industry.

Location of each segment of business enterprise is one priority

2010-10-26T02:08:00.001-07:00

GST impact on business location economics

One key issue on which policy clarity is required, as regards the proposed GST (goods and services tax), is the seamless continuation of excise and tax holidays, and deferments, says M. D. Sudharsan, Vice President-Legal & Secretarial, CavinKare P Ltd, Chennai ( http://bit.ly/F4TMDSudharsan).

As of date, the most outsourced activity within HR seems to be payroll

2010-10-26T02:06:00.001-07:00

The way forward for HRO

In today's economy, organisations are taking conscious decisions, to either go for a ‘best shore' approach or for a ‘US only' approach, observes Venkat Tadanki, CEO, Secova, US (http://bit.ly/F4TTadanki). The decisions are not driven by cost alone but by the larger social value that is perceived to be added to the system as a result of the decisions, he adds, during a recent interaction with eWorld.

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Retailers using business analytics to forecast consumer buying behaviours.

2010-10-19T02:28:00.001-07:00

Optimising analytics for business workloads

Though most organisations currently leverage technologies such as enterprise resource planning (ERP) and customer relationship management (CRM) to propel themselves to greater efficiencies and sales volumes, recent studies show that ‘organisations are making important decisions without access to the right information.' Thus rues Raymond L. Jones, Worldwide Vice-President, System z Software, IBM, US (http://bit.ly/F4TRayJones).

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Content models that increase the CLV will thrive

2010-10-14T01:47:00.000-07:00

When eReaders nudge into bookshelves

It is a sunny afternoon, and Pradeep Palazhi, COO of Bangalore-based EC Media International P Ltd (http://bit.ly/F4TPradeepEC), is cheerful. Understandably so, because only a day ago his company's Wink, the desi eReader, was out in New Delhi with a price tag of less than Rs 12,000.
“I foresee eReaders accelerating a larger trend towards electronic/digital publishing,” he begins, without batting an eyelid, during our interaction for eWorld. “Digital media in publishing is not going to replace printed media. However, it is going to be growing in size and share of the publishing market. More and more content will be published in electronic and printed formats to start off and the balance will tilt towards electronic formats in the future.”

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'The Indian economy has integrated with the world'

2010-10-04T03:11:00.000-07:00

Corporate connectivity hinging on the last mile

For CTOs and CIOs, the choices are so different today than they were ten years ago, observes Ragula Bhaskar, Chairman and Managing Director, Fatpipe Networks, US (http://bit.ly/F4TRagula). Thinking back, getting a line to your office itself was a challenge, he reminisces, during a recent interaction with eWorld. “With very few providers, bandwidth was expensive and of poor quality. Also, the economy was not growing at the rapid rate it has over the last ten years. Companies in India could not afford to buy world class networking products.”

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The new machines and today's customers require more sophisticated handling.

2010-09-27T01:47:00.000-07:00

IT solutions for SMBs

To be a good fit for small and medium businesses (SMBs), information technology solutions should provide the owner better visibility into his business, better information for decision-making, and help him stay on top of his business, anytime, anywhere. Thus begins ‘Partha' S. Parthasarathy, Chairman and CEO of Chennai-based Nu Street Technologies (http://bit.ly/F4TNuStreet) when asked what top attributes IT solutions must have so as to be a good fit for SMBs. “Such solutions should be highly targeted to specific customer domains, not complex solutions that boil the ocean,” he adds, during a recent interaction with eWorld.

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The mobile revolution in India

2010-09-20T01:47:00.000-07:00

Key challenges telecom operators face

With the mobile phone becoming the greatest social leveller, it is no more a question of socialism or capitalism but only ‘mobilism,' says a cheerful Debasis Chatterji, CEO, Netxcell Ltd, Hyderabad (http://bit.ly/F4TNetxcell). He cites a UN study that in a typical developing economy every 10 per cent mobile penetration improves the GDP by 1.2 per cent. That's a huge contribution, observes Chatterji, during a recent interaction with eWorld.

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Valuation is to IFRS implementation what book-keeping is to accountancy

2010-09-20T01:45:00.000-07:00

From ‘true and fair' to ‘fair'

To those who are implementing IFRS (International Financial Reporting Standards), training is a big challenge, feels S. Sundararaman, Partner, Haribhakti & Co, Chartered Accountants, Chennai ( http://bit.ly/F4TSundararamanS). More specifically, training in an environment of dynamic evolution of the standards is the challenge, he adds, during a recent interaction with Business Line. “Finding adequate human resources for this is a bigger task.”

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The concept of virtual reality in business is not immune to the noisy pattern of input data stream

2010-09-13T02:17:00.001-07:00

Biz benefits from virtual reality

After having put together research essays on agent-based virtual environments, augmented reality, collision detection, machining operation simulation, modelling of dynamics surfaces, neuro-imaging technologies, virtual prototyping and virtual reality communities – from authors in China, Germany, Australia, Greece, Spain and the US – the Editor of Virtual Technologies for Business and Industrial Applications: Innovative and Synergistic Approaches (www.igi-global.com), N. Raghavendra Rao, is not too happy that there have not been any contributions from India.

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The latest technology in behavioural analytics is finding the intent of visitors to a Web site.

2010-09-07T03:50:00.000-07:00

Find the intent of visitors to a Web site

When I met Harish Reddy a few weeks ago, it was ‘LeadForce1' that was prominent on his card. And Harish, who heads the APAC operations from Bangalore (http://bit.ly/F4TLeadForce1), spoke about his company's work in ‘Marketing Automation 2.0' or ‘next-generation marketing automation that converts anonymous online visits into qualified sales leads, determines Web site visitor interest and intent, and enables sales teams to reach decision-makers more effectively and close deals faster using patented business intelligence and data mining technology.'
Our conversation continued over e-mail, with the difference that his company's name now is LeadFormix, ‘because of objection from Salesforce.'

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The success of any technology lies in the hands of end users.

2010-08-31T03:04:00.000-07:00

A shot at ‘cloud' maturity

A simple search for ‘cloud computing' in Google ‘news' draws nearly 8,000 finds. Such as that cloud computing is expected to create over 40 trillion yen market in Japan, as a story dated August 27 informs in www.glgroup.com. ‘New jobs to be created by Irish cloud computing project,' announces www.libertybishop.co.uk in a posting ‘14 hours ago.' And a recent story by Maura Lockwood of Cabot Headline News is that cloud computing stocks ‘lead the market.'
If you wonder what cloud computing is, Wikipedia helps with a simple explanation. That it is ‘Internet-based computing, whereby shared resources, software, and information are provided to computers and other devices on demand, like the electricity grid.' Calling cloud computing ‘a paradigm shift following the shift from mainframe to client-server in the early 1980s,' the Free Encyclopaedia adds that, in this type of computing, details are abstracted from the users, who no longer have need for expertise in, or control over, the technology infrastructure ‘in the cloud' that supports them.
To know more, eWorld interacted with Lakshmi Sundar, Director, Orbit Innovations P Ltd, Chennai (http://bit.ly/F4TOrbit).

The education environment is mostly teacher-centric and students have very little exposure to the world they need to serve in.

2010-08-24T23:32:00.000-07:00

Potential CEOs or cyber coolies?

It is reassuring to hear from Sandeep Menon, Country Head, Novell India Pvt Ltd, Bangalore (http://bit.ly/F4TNovell) that recession is almost forgotten, what with headlines across the media speaking about jobs that are back, campus interviews on schedule, and no ‘people on the bench'. The need for employees is as good as ever and the process of recruitment has picked up its almost usual speed, reports Sandeep, during a recent interaction with eWorld.

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The complexity of a software product differs from product to product

2010-08-16T02:46:00.000-07:00

Towards quality software

It is with ‘Weinberg's Second Law' that Rajnikant Puranik begins his interaction with eWorld: “If builders built buildings the way programmers wrote programs, then the first woodpecker that came along would destroy civilisation.”
Because, to Puranik, who has authored a book on software testing titled The Art Of Creative Destruction (Shroff), it is disappointing that poor software often gets delivered and vendors get away with it, much the same way as with roads and vehicles.
“Shoddy road construction is on account of corruption and mismanagement, but the fact remains that it is so because the road contractors, the concerned bureaucrats and politicians can get away with it! And, so could the big business in the past, with their substandard vehicles,” he frets.
There is no financial liability associated with software that malfunctions, or does not function as expected, and practically all software products carry non-liability clause, rues Puranik. Arguing, therefore, that there has to be some reasonable liability not limited to just the price of the product, he says that in the absence of such a deterrent, even the normal expected testing is not done by the vendor before the product, or its new version, is released.
Excerpts from the e-mail interview.

Connectivity capabilities enable data and services integration

2010-08-03T03:08:00.000-07:00

Responsive process management

Operational responsiveness is the ability of enterprises to closely track all business functions, flows, and be able to sense, and quickly respond to exigencies and unexpected business exceptions, says Ramesh Loganathan, VP (Products) and Centre Head of Hyderabad-based Progress Software Development P Ltd (http://bit.ly/F4TProgress).

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Real digital signatures are mathematical algorithms

2010-07-27T01:45:00.000-07:00

Towards a secure digital identity

Digital identity is the theme of the discussion that I recently had with Ravi Jagannathan, MD and CEO, 3i Infotech Consumer Services Ltd, Bangalore (http://bit.ly/F4TRavi3i). While identity carries multiple meanings, the apt meaning associated with digital identity can be derived from the following definitions in Oxford Dictionary, he traces:

Today's companies are increasingly dependent on IT

2010-07-21T01:41:00.000-07:00

SMART route to SLAs

The SLA (service level agreement) can be the foundation of a robust and long-term relationship between the customer and the service vendors, provided it is SMART, says Girish Krishnamurthy, Managing Director–India of Bangalore-based Kaseya (http://bit.ly/F4TKaseya). The SLA, as Wikipedia defines, records a common understanding about services, priorities, responsibilities, guarantees, and warranties. “Each area of service scope should have the ‘level of service' defined. The SLA may specify the levels of availability, serviceability, performance, operation, or other attributes of the service, such as billing.”

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Projects can be impacted by the deteriorating quality and productivity of manpower

2010-07-15T01:32:00.000-07:00

‘Iceberg' in software rollouts

Managing IT (information technology) costs has always been of paramount importance in software projects; and it is more so in the last couple of years due to shrinking budgets in corporates globally, says Vanaja Arvind, Executive Director, Thinksoft Global Services Ltd, Chennai http://bit.ly/F4TThinksoft. The performance and return on such investments are also scrutinised much more closely now than in the past, she adds, during a recent interaction with eWorld.

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Agreements for the construction of real estate take diverse forms

2010-07-15T01:20:00.000-07:00

IFRS impact on a few key sectors

With the decibel level increasing on the IFRS (International Financial Reporting Standards) front, a natural anxiety among investors is about how the adoption of global norms will impact the different sectors. Thankfully, there are no industry-specific standards under IFRS, observes N. Venkatram, IFRS Country Leader, Deloitte Haskins & Sells, Mumbai.

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Most ‘engineers' are actually involved in the software craft with their restricted skills of coding and testing

2010-07-07T23:06:00.000-07:00

A call for software professionalism

Software professionalism is not just about technical brilliance; it is about consistently delivering high quality product within the committed time, says L. N. Rajaram, Director of Chennai-based Expert Software Consultants Ltd (http://bit.ly/F4TRajaramESC). “It is about both knowledge and the skills to apply it correctly. Skills can be mastered only through the discipline of repeated practice.” He rues that the most neglected skills of measuring and managing one's own time and defects are, in fact, the essence of software professionalism.

One solution is the creation of virtual classrooms or remote class delivery

2010-06-30T01:38:00.000-07:00

Tech role in right to education

The right of children to free and compulsory education is perhaps the biggest inclusive step taken by India since Independence, and technology can help in achieving the same, says Job Thomas, Director and COO, Smartlinx VoIP Networks P Ltd, Hyderabad (http://bit.ly/F4TSmartlinx). If we can address the three major challenges - viz. infrastructure, trained teachers, and content delivery - we can take our country forward through the education revolution, he adds, during a recent interaction with eWorld. "The use of technology can be the biggest enabler for addressing these challenges."

As the business world is seen to quote often times, everything starts with ‘customers'

2010-06-23T02:59:00.000-07:00

‘Spot innovation opportunities'

It is high time CTOs of Indian industries exploited their skills in proactively spotting opportunities in every volume-supported sector of the nation to innovate new solutions and products for the common man rather than to wait for a foreign brand to take the lead, urges Kalyan Vaidya, Managing Consultant, Valinnova Services, Singapore (http://bit.ly/F4TValinnova).

Design the home page with some expectations

2010-06-23T02:55:00.000-07:00

A page to be proud of

Should a marketer worry about varied streams of data portraying seemingly different stories? “I would think not,” says Seby Kallarakkal, the founder and CEO of the Bangalore-based Nabler Web Solutions Pvt Ltd (http://bit.ly/F4TSeby). Having data from other marketing streams would actually help a Web analyst draw the right conclusions, he reasons during a recent interaction with BrandLine.

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Work-shifting gives the organisation the ability to operate more productively with fewer resources

2010-06-16T03:16:00.000-07:00

Shift the work to where you are

In the world ahead, the better way to work is virtual, avers Sanjay Deshmukh, Area Vice-President of Citrix Systems India Pvt Ltd, Mumbai ( http://bit.ly/F4TCitrix). The scenario he describes is one of being free from tethers such as the office, devices, networks and data centres.

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Most reputed companies have a ‘Code of Conduct for Senior Executives,' often available on the company Web site

2010-06-16T03:12:00.000-07:00

Disclosure of pending cases

Sample this: Flash news announces the conviction of a company chairman in a long-pending criminal case, and it makes a difference to you, perhaps, as a shareholder or employee of that company. You scramble to check if the latest annual report of the company had informed you about the pending case. And, if you didn't find any mention in the published company documents, Mr Ramesh Venkataraman, Managing Director - Asia-Pacific at CurAlea Management Consultants ( www.curalea.com) has an answer

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IFRS provides an opportunity to reconsider accounting policy elections and implementation

2010-06-16T03:10:00.000-07:00

Five IFRS issues that merit attention of company boards

From the perspective of corporate boards, what are the most important IFRS (International Financial Reporting Standards) issues that merit attention? When posed this question, Mr N. Venkatram, IFRS Country Leader, Deloitte Haskins & Sells, Mumbai, comes up with a list of five issues — set the tone and develop an oversight plan; take a holistic view; determine timing and resource needs; understand the risks; and determine the need for board education.

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Desktop virtualisation

2010-06-09T01:17:00.000-07:00

One size doesn't fit all

Simpler provisioning of new desktops, reduced downtime in the event of server or client hardware-failures, lower cost of deploying new applications, desktop image-management capabilities, and longer refresh cycle for client desktop infrastructure – all these are listed in Wikipedia as advantages of ‘desktop virtualisation,' the theme of my conversation with Sanjay Deshmukh, Area Vice-President of Citrix Systems India Pvt Ltd, Mumbai (http://bit.ly/F4TCitrix).

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Selling to enterprises for their mission-critical deployments is not just about the product

2010-05-24T03:15:00.000-07:00

Software product entrepreneurship

The top thought on Sekar Vembu's mind, when we meet for an early morning interaction in Nageswara Rao park, is the selection of his firm by Microsoft BizSpark One Programme. This initiative is designed to accelerate the growth of high potential start-ups through a one-to-one relationship with Microsoft and a global community of advisors, investors, and peers, informs Sekar, Founder and CEO of Vembu Technologies.

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One great thing that happened with GA was that availability of data became democratic

2010-05-17T02:09:00.000-07:00

The way forward for Web analytics

With feet firmly on the ground, in Nageswara Rao park, the topic of discussion that Seby Kallarakkal and I engage in is the ‘future of Web analytics.' He begins by asserting that tools will become more intelligent. We have been seeing Web analytics tools with more features, more customisation and more reports, elaborates Kallarakkal, founder and CEO of Nabler Web Solutions Pvt Ltd, Bangalore (http://bit.ly/F4TSeby).

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How does a bank benefit from analytics?

2010-05-14T01:31:00.001-07:00

Banking on analytics

Durai Rajasekar is a seasoned banker who fondly remembers the ambitious automation project in Canara Bank that the then Finance Minister, Dr Manmohan Singh, had inaugurated in 1993, at the Parliament Street branch, New Delhi. Now, as Senior Vice-President in Chennai-based Ramco Systems (http://bit.ly/F4TRamco), DR's focus is on analytics, in banking and other sectors. During a recent interaction with eWorld, he mentions that the company has tied up with HP for delivering a pre-built data warehouse and analytics solution for banks, in domains such as deposits, loans, CRM, trade finance and profitability.

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SMS is a powerful personal communication channel

2010-05-03T03:00:00.000-07:00

Innovation in SMS

The SMS format of communication seems so simple that one may wonder if it offers any scope for innovation. When I pose this as a question to John McDonough, CEO and Founder, Shorthand Mobile, US (www.shorthandmobile.in), his response is immediate. “There is plenty of room for innovation!” avers McDonough, during an early morning interaction with eWorld in Nageswara Rao park.

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IT would continue to have a significant role to play to taking the “paper” out of the MRO operations.

2010-04-26T02:14:00.000-07:00

IT boost to MRO biz

IT (information technology) will provide considerable help in bringing the MRO (maintenance, repair and overhaul) business to India, avers Ranganathan Jagannathan, General Manager-Projects-Aviation in Ramco Systems, Chennai (http://www.ramco.com/). MRO service providers would need to meet the expectations of customers in terms of traceability and regulatory compliances related to parts/employee certifications, work procedures and so on, he elaborates during a recent interaction with eWorld.

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A good ERP system provides complete visibility in connection with project budget, timelines and schedules

2010-04-26T02:12:00.000-07:00

Payback of IT investment in infrastructure

Today, technology plays an absolutely critical role in improving the efficiency of capital projects as it provides a company complete visibility into the project allowing significant cost control and reducing delays, avers Balaji Sreenivasan, Founder and CEO, Aurigo Software Technologies ( http://bit.ly/F4TAurigo).

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Technology exists because it serves a business need

2010-04-21T02:42:00.001-07:00

IT adoption in manufacturing

Amidst all the sectors, barring probably the construction industry which is still nascent in IT adoption, manufacturing is probably in the evolving side of the curve, feels Uma Balakrishnan, CEO, Axcend Automation & Software Solutions Pvt Ltd, Bangalore (http://bit.ly/F4TAxcend).

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To an era when TIFR built computers despite challenges

2010-04-14T02:17:00.001-07:00

Good old days when India built computers

Current searches for ‘TIFR' on Google news yield stories about the participation of the Tata Institute of Fundamental Research in the Big Bang experiment. But, even as scientists are in search of the ‘god particle,' my conversation with Prof Sugata Sanyal of the Institute's School of Technology and Computer Science travels back in time… To an era when TIFR built computers despite challenges.

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Traditional ERP systems are very expensive and complex to implement

2010-04-09T03:19:00.001-07:00

Build ERP into engg, architecture

How do you achieve a successful ERP deployment in an AEC (architecture, engineering and construction) company? By involving the CEO, CFO, and the CTO in the choice of an ERP (enterprise resource planning) system for the business, says Balaji Sreenivasan, founder and CEO, Aurigo Software Technologies (P) Ltd, Bangalore.

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The recovery point is the amount of data that an organisation is willing to lose in case of an outage

2010-03-31T01:37:00.000-07:00

Have a ‘recovery' plan before disaster strikes

Early in the morning, after a cup of hot coffee at home, when I meet Lakshman Narayanaswamy in Nageswara Rao park, the topic of discussion is not fitness or finance, but disaster recovery. Lakshman is the co-founder and VP-Products of Bangalore-based Sanovi Technologies (www.sanovi.com), which helps organisations ‘proactively manage disaster recovery (DR) environments.'

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The key challenges that our customers face in adopting IT-based energy management solutions are linked to legacy and cost-of-change.

2010-03-23T02:56:00.000-07:00

Wireless tech in energy management

When you have a namesake across the table, the conversation can, at times, be eerily like talking to oneself. Which is how it was when I recently had Murali Ramalingam as my lunch-hour guest. Yet, what made the difference was the ‘energy' he was bringing to the discussion, as the CEO of ConnectM Technology Solutions Private Ltd, Bangalore (www.connectm.com), a Sasken and IDG Ventures company into energy management solutions.

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'Cutting edge innovation has been happening in open source from day 1'

2010-03-16T02:45:00.000-07:00

Think local, go ‘open'

Open source technologies are making significant inroads in governments around the world, avers Gopi Ganapathy, President & CEO, Essentia, US (http://www.essentia-corp.com/). This is as a result of open source providing significant benefits such as low cost, flexibility of use and modification, lack of vendor lock-in, and most important of all the ability to create drive a vibrant local economy of solution providers in innovation, development, deployment, training and support, adds Ganapathy, during a recent interaction with eWorld.

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'Pursue my passions with a passion!'

2010-03-16T02:41:00.000-07:00

Seven habits of effective women

Making it easier for women to enter corporate life, or become entrepreneurs, is as important as giving them reservation in Parliament, says Shailja Dutt, Managing Director, Stellar Search, New Delhi ( www.stellarsearch.com). Women need to be encouraged, but a mindset change is required, she adds, during the course of a recent email interaction with Business Line.

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One of the ways to teach innovation is to systematise innovation

2010-03-10T00:51:00.000-08:00

In innovating company

Innovation is one of those words suffering from the lack of a clear definition, and that makes it a much-abused and overused word, concedes Sukumar Rajagopal, Senior Vice President and Head of Innovation, Cognizant (www.cognizant.com). The way an organisation defines innovation depends on its philosophy and where it is on the innovation maturity curve, he adds, during a recent interaction with Business Line in Chennai's Nageswara Rao Park.

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A woman officer has to be an officer and a lady, just as her male colleague is expected to be an officer and a gentleman.

2010-03-10T00:48:00.000-08:00

Ready for combat role

Wg Cdr Neelu Khatri (retd) is from the first batch of lady officers in the Logistics branch of the Indian Air Force and has served for 16 years. A post-graduate from Rani Durgavati Vishwavidyalaya, Jabalpur, with an MBA in Supply Chain Management from MDI Gurgaon, she now heads the Defence Advisory Services in KPMG India.

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The only way we can ensure that there are enough women on the board will be through affirmative action.

2010-03-10T00:42:00.000-08:00

Enough women in boardrooms?

Do women in corporate boardrooms continue to be an exception rather than the norm? “Yes, very true,” agrees Anuradha Parthasarathy, Founder & CEO, Global Executive Talent ( www.globalexecutivetalent.com). Even the ones that are there are typically from the owner family, she adds, during the course of a recent email interaction with Business Line.

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'At present all telecom equipment is manufactured outside the country and needs to be imported in large numbers'

2010-03-01T02:06:00.000-08:00

`Facilitate hosting content locally'

Do people lose sleep, worrying about wireless connectivity (such as that it can be insecure, etc)? Shivkumar Jagannath, CTO, Wi5, Zylog Systems (India) Ltd, Chennai (www.wi5.in) concedes that there are concerns regarding wireless connectivity in the minds of people; but the good news, he adds, is that the apprehensions are all addressable.

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'Import duty on naphtha for use by the power sector reduced to 0 per cent'

2010-03-01T02:04:00.000-08:00

Impact of stimulants

In the run-up to the Budget 2010, Business Line caught up with Kameswara Rao, India Leader for Energy, Utilities, and Mining Practice, PricewaterhouseCoopers, for a quick e-mail interaction on the power sector.

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'One of the long-standing asks of the IT industry is clarity on software taxation'

2010-03-01T02:03:00.001-08:00

Technology industry expectations

It's that time of the year again when expectations surrounding Budget 2010 resonate. Yet, for many specific reasons, this Budget is being watched keenly, says Abhishek Goenka, a partner in BMR Advisors' corporate tax practice, leading the firm's technology industry practice.

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'All erstwhile sales tax incentives should continue under VAT regime'

2010-03-01T02:00:00.000-08:00

Auto awaits right signals

Indian auto industry is the third highest growth market in the world in 2009 after China and Germany, notes Mohan Ramakrishna, Partner, Walker Chandiok & Co, Chennai, during a recent pre-Budget e-mail interaction with Business Line.

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'Clarity in law is as much needed as rigour in enforcement'

2010-03-01T01:58:00.000-08:00

Agenda for education

Will the aspirations of the larger populace be fed by loose purse strings? Thus wonders Ashwin Ravindranath, Senior tax professionals, Ernst & Young. “The last Budget was preceded by a build-up of momentum of expectations in the education space, with the ringing in of the new Government's 100-day plan,” he reminisces, during a recent pre-Budget email interaction with Business Line.

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'The hospitality sector could continue to be outside the service tax net'

2010-03-01T01:56:00.000-08:00

Remove residential housing projects out of service tax net

The year 2009-10 was very challenging for the real estate sector which witnessed a steep decline in prices and strained liquidity/ credit positions, resulting in delay in the completion of projects, lack of sales and high borrowing costs, reminisces Mr Mahesh Jaising, Partner with BMR Advisors, Bangalore.

The position being adopted by the Revenue authorities is in deviation of international practice

2010-02-23T00:49:00.000-08:00

Will Budget respond…

In the telecom space, the most prominent fact that grabs the attention of N. Madhan, Tax Partner, Ernst & Young, is that mobile phones have assumed the position of absolute necessity in view of easy availability of low-cost mobiles, better network, value-added services, and competitive pricing provided by the telecom service providers.

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'Removal of dual levy of service tax and VAT/ CST on provision of right to use software is an important demand of the sector'

2010-02-23T00:46:00.001-08:00

Sustaining IT's competitive edge

Keeping the battering of economic downturn in 2009 at bay, Indian IT (information technology) companies are quite optimistic about the business outlook in 2010 and are banking on sustained recovery and eventual job creation, observes Naveen Aggarwal, Executive Director, KPMG.

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At the moment we still have vehicles older than 10-15 years plying on Indian roads

2010-02-23T00:44:00.000-08:00

Key to-dos for the auto sector

Five imperatives for the automotive sector, according to Abdul Majeed, India Leader for Automotive Practice, PricewaterhouseCoopers, are the following: Continue with the stimulus package to sustain growth momentum in the industry; promote adoption of ‘green technology' by introducing duty cuts and lower tariffs on components used in EFVs (environment-friendly vehicles); consider stimulus packages focussed on new technologies; introduce scrappage incentive scheme to replace the old fleet of vehicles; and continue the thrust on infrastructure, particularly the roads. Here are excerpts from a brief pre-Budget email interaction between Majeed and Business Line

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The advent of service tax has led to manifold increase in the complexity of indirect taxes

2010-02-23T00:28:00.000-08:00

Indirect tax reform imperatives

Corporate India's hope and expectation for indirect tax reform reached a new high after the announcement of the Government's intention to introduce the Goods and Services Tax (GST) regime in India, observes Vivek Pachisia, Tax Partner, Ernst & Young.

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India is currently the 10th largest defence spender in the world

2010-02-23T00:24:00.000-08:00

Growth opportunities in Defence

Defence could be the next boom after the IT (information technology) and automotive sectors, hopes Wg Cdr Neelu Khatri (Retd), Manager, Defence Advisory Services, KPMG, New Delhi. “The total defence spending from 2010-2016 would be to the tune of $280 billion. Based on last five years' average revenue, capital expenditure on major acquisition would translate into about $115 billion,” she mentions, during a recent telephonic interaction with Business Line.

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A single uniform stamp duty rate would be recommended

2010-02-23T00:23:00.001-08:00

Confer industry status

The Indian real estate sector plays a significant role in the country's economy and is second only to agriculture in terms of employment generation, and contributes heavily towards GDP, reminds David Jones, Partner, Assurance, Walker, Chandiok & Co, New Delhi ( www.wcgt.in). Giving, therefore, an impetus to the sector is critical to the overall growth of the economy, argues Jones, during the course of a recent pre-Budget email interaction with Business Line.

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Savings are an essential ingredient of our economy

2010-02-23T00:20:00.000-08:00

Easing aam aadmi's burden

With every annual Budget there is a growing expectation that the Finance Minister may provide some tax relief for the aam aadmi or the common man. And the inflationary pressure, especially in a changed economic environment, accentuates such an expectation, observes R. Anand, Tax Partner, Ernst & Young. He adds, however, that any fiscal stimulus is a tightrope walk for the Government.

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'There is no point having large allocations without corresponding allocations for maintaining the asset base created'

2010-02-23T00:17:00.000-08:00

‘Sustain the infrastructure investments'

India should look at infrastructure to lead the economy rather than just supporting the economic growth, says Mr Amrit Pandurangi, Leader Infrastructure Practice, PricewaterhouseCoopers, in the course of a recent pre-Budget interaction with Business Line, over the email.

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People in the urban areas are also moving towards dual sims

2010-02-19T00:50:00.001-08:00

'Indian mobile market in its infancy'

It is the third week of January and ear-pads seem to be a common sight on Chennai roads. Not for listening to music, but as a protection against the ‘chill' weather. At 26 degrees Celsius, is this winter, wonders Stefan Kercza, HUB Head, Tamil Nadu & Kerala, Uninor. Back in Denmark, from where Kercza has relocated to Chennai with his family, the weather forecast at the time of writing this is ‘cloudy with a little snow.' Maximum day temperatures around minus 1 degree Celsius, minimum night temperatures around minus 9 degrees Celsius, informs www.denmark.dk.

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The garment industry has sourced its components globally for decades

2010-02-11T02:40:00.000-08:00

Converting data into something meaningful

Most enterprises are very much aware of the information hidden within their systems, but what perplexes them is the process of extracting it and converting the data into something meaningful, says Doug Mow, Senior Vice-President-Marketing, Virtusa Corporation, US (www.virtusa.com).

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Most of our new guarantors come through referrals of current ones

2010-02-04T02:02:00.000-08:00

Connecting guarantors to small entrepreneurs

Rekha Devi earns a living by stitching clothes. As she has only one sewing machine, she is unable to meet the growing demands of her customers… Kajal Devi runs a small hotel with her husband. She wants to grow her business by increasing the size of her hotel… Guria Devi has a dairy farm. She wants to buy some cows and she also wants to repair the thatch cutting machine, hence she has applied for a micro loan…
These are some of the stories about small entrepreneurs featured on www.unitedprosperity.org, a US 501(c)3 non-profit organisation, founded by Bhalchander Vishwanath.

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For operators to penetrate in an effective manner they need to be truly ingrained in the rural fabric

2010-02-04T02:00:00.000-08:00

Village voice on the line

There is a huge perception gap between what the telecom operators and what rural consumers think about the adoption of mobile telephone, says a recent finding of Accenture. Its report on rural mobile telephony is the result of interviews with senior executives in the telecom ecosystem and around 2,400 consumers, informs Kumar Ranjan, Managing Partner, Telecom practice.

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The sectoral reforms were reluctantly carried out in most States

2010-02-04T01:56:00.000-08:00

Coal sector needs capacity addition

In 2010, the top priorities for the coal sector should be energy security, conservation, and environmental issues, says Arun Srivastava, Executive Director, IRG (Infrastructure, Real Estate & Government) Practice, Ernst & Young. “At the grassroots, we must ensure rapid capacity addition to achieve service standards and affordability,” he adds, during a recent email interaction with Business Line.

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'At the end of 2009, we began to see the emergence of the Indian corporate PE firm'

2010-01-15T02:30:00.001-08:00

Strong deal pipeline in 2010

The PE (private equity) industry in India is quite nascent, and started as a VC (venture capital) industry in 1998 due to the dotcom boom and the attractiveness of the IT (information technology) sector riding on the back of the perceived Y2K problem, reminisces Vikram Utamsingh, Head of Markets and Private Equity Advisory, KPMG.

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At the end of 2009, where were we as regards oil and gas policy and performance?

2010-01-15T02:27:00.000-08:00

Agenda for oil and gas

The current draft DTC (Direct Taxes Code) is completely silent on the provision of tax holiday for the upstream sector, rues Akhil Sambhar, Associate Director, Oil & Gas Practice, Ernst & Young. “The draft GST (Goods and Services Tax) policy also does not seek to cover the petroleum sector which could adversely impact the sector in the absence of its ability to avail tax credits on goods/services produced which have suffered GST,” he notes, during a recent email interaction with Business Line.

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'The behaviour of interest rates is a central issue in the current economic outlook'

2010-01-15T02:25:00.000-08:00

Investment banking challenges

Don't be surprised if the regulators opt for over-regulation, especially in regulatory reporting, to protect the investment banking industry from the lessons learnt during the recession, cautions Mahesh V. Sairam, a former fixed income fund manager, and currently a Senior Consultant with Tata Consultancy Services Ltd, Chennai.

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Policymakers seemed to have over-achieved the competition-related objectives

2010-01-08T02:05:00.000-08:00

'Action-packed year ahead for telecom'

To Romal Shetty, Head of Telecom Practice, KPMG, year 2010 promises a lot of action. “With impending auctions of 3G licences and expected mid-year implementation of MNP (mobile number portability), we can see an ‘action-packed' year for operators,” he begins, when sounded out for year-end reactions.

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Positive steps were taken by the policymakers in terms of all the three thrust areas

2010-01-08T02:04:00.000-08:00

Three themes for ports

Ask Rajesh Samson, Partner-IRG (Infrastructure, Real Estate & Government), Ernst & Young, about ports, and he readily responds with three themes. “Enhance physical capacity, streamline private participation in ports, and address regulatory and clearance issues,” says Samson, during a brief year-end email interaction with Business Line.

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Organisations need to consider the likely life of option and not the total life of the option

2010-01-08T02:02:00.000-08:00

ESOP valuation for financial reporting

Providing for ESOPs as expense has a significant impact on the determination of distributable profits for dividend declaration, calculation of EPS (earnings per share), determination of profits for senior management remuneration, and payment of MAT (minimum alternate tax), observes Mihir Gada, Associate Director, Transaction Advisory Services, Ernst & Young.

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India has traditionally been a low-cost producer

2010-01-08T02:00:00.000-08:00

‘Auto sector headed in the right direction'

The Indian automotive industry has established its importance at the global level, and now it needs to take the next leap forward, says Mr Rakesh Batra, Partner and National Director, Auto Practice, Ernst & Young P Ltd, during a year-end email interaction with Business Line.

The biggest challenge that the telecom sector faces is regulatory uncertainty

2010-01-08T01:41:00.000-08:00

‘Telecom sector needs a regulatory roadmap'

The biggest challenge that the telecom sector faces is regulatory uncertainty, feels Mr Prashant Singhal, Partner and Telecom Industry Leader, Ernst & Young. “A clear regulatory roadmap will ensure that the sector is not continuously bogged down in controversy,” he suggests, during the course of a recent email interaction with Business Line.

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India is a large country with diverse and often conflicting interests and expectations ...

2010-01-08T01:29:00.000-08:00

Tax priorities for 2010

Tax rarely evokes philosophical musings. Yet, Vikas Vasal, Executive Director, KPMG, disentangles himself from the mesh of Section numbers and Circular references that fiscal legislation is known too well for, and rewinds right back to the evolution of tax policy. “The known economic history of India began with the Indus Valley civilisation, wherein the economy appears to have depended significantly on trade and commerce, which in turn led to the evolution of the process of tax policy and administration,” he begins, during the course of a recent year-end email interaction with Business Line.

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'Do you see the Indian buyers increasingly savvy in the global M&A space?'

2010-01-08T01:27:00.000-08:00

Key themes for M&A in 2010

Will 2010 see M&A (mergers and acquisitions) activity of the 2007-08 level? “With the economy on the right track to recovery, one may be tempted to say ‘yes,' but we are still in recovery mode, so the pace of recovery in the first half of 2010 would really determine the answer to that question,” observes Sanjeev Krishan, Executive Director-Partner, Transactions Group, PricewaterhouseCoopers P Ltd, Gurgaon ( www.pwc.com/in).

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'At the close of 2009, where are we?'

2010-01-08T01:13:00.000-08:00

Gearing up for next M&A rally

With the year coming to an end, Business Lineconnected with Anand Vermani, Director, Corporate Finance, KPMG, to get his views about the areas he focuses on, viz. M&A (mergers and acquisitions), financing advisory, and valuations.
Excerpts from the email interview:
At the start of the century, or even mid-decade, what were the policy expectations to be fulfilled by the end of the first decade?

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Ensuring availability of equity and debt funds for the development of the huge pipeline remains the most critical of these.

2010-01-08T01:10:00.000-08:00

‘Positive measures taken to improve bidding process'

If you found the going slow on the roads front in 2009, and wondered why, Mr Rajesh Samson, Partner-IRG (Infrastructure, Real Estate & Government), Ernst & Young, offers a few reasons.
The year 2009 began in the backdrop of the global economic slowdown, he reminisces, during the course of a recent e-mail interaction with Business Line. “Capital markets were trading at all-time lows, and avenues to raise equity were severely constrained. Further, with elections slated for May, developers were also waiting for clarity on the political front,” Mr Samson narrates.

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If a search engine provides a backlink for a resource, one may assume that the resource is in the surface Web.

2010-01-08T00:59:00.000-08:00

'Deep Web' dive and 'social media' search

With an overcast sky, the prospect of an outdoor interview looks bleak. And to add to my qualms, daylight filtering in through the trees in the Nageswara Rao park, at 7.30 a.m., is apparently not enough for the camera to fire up a few stills without the flash. As if in bold contrast, though, my guest, Ravi N. Raj, VP-Products & GM, Kosmix Sites, US (www.kosmix.com), is all fired up, about search and content, about consumers and their interests.

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Many existing Indian accounting standards will be modified to ensure conformity with the equivalent IFRS

2010-01-08T00:56:00.001-08:00

IFRS convergence issues

Studying the IFRS (International Financial Reporting Standards) scene, Jamil Khatri, Head of Accounting Advisory Services, KPMG, feels that the most expected policy development in the coming year will be the issuance of new converged Indian accounting standards by the ICAI (Institute of Chartered Accountants of India).

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