Leading computer manufacturer Lenovo today (September 5) launched a new series of notebook computers from its ThinkPad stable for Small and Medium Business (SMBs). The series includes three new notebooks -- ThinkPad SL 300, SL 400 and SL 500, along with unique software tools and new levels of service and support.
"The SMB segment is one of the fastest growing segments in India and we want to cash in on the opportunity with the ThinkPad SL series. The launch of ThinkPad is an integral part of Lenovo's overall strategy of getting closer to customers in India," Lenovo India Managing Director Amar Babu told reporters.
The notebook also features WiFi, ethernet and optional Bluetooth technologies, Speakers, microphones and an optional webcam, which provide excellent support for internet voice and video conferencing. A study reveals that Indian SMBs spent USD 6.6 billion on information technology in 2007-08, which is around 30 per cent of the total amount spend on IT in India. The SMB PC market is worth 3-million units.
Saturday, September 6, 2008
Subbarao takes charge as RBI governor
D Subbarao on Friday (Sept 5) took charge as the governor of Reserve Bank of India (RBI) from Y V Reddy and set for himself the immediate task of containing inflation, which is hovering above the 12 per cent mark despite moderation in the past two weeks.
"The immediate priority for me as the Governor of RBI will be to manage inflation and anchor inflationary expectations," Subbarao said.
He said the priority in short-to-medium term will be to pursue financial sector reforms in the context of financial and price stability.
Inflation eased to 12.34 per cent during the week ended August 23 due to fall in food prices from 12.40 per cent a week earlier.
However, the RBI yesterday indicated that there will be no softening of its hawkish monetary stance to contain inflation as volatile food and energy prices remain a challenge.
"It is critical at the prevailing juncture to demonstrate on a continuing basis a determination to act decisively, effectively and swiftly to curb any signs of adverse developments in regard to inflation expectations," the RBI had said in its report on Currency and Finance.
The RBI has been tightening money supply to contain inflation. It raised short-term lending rate Repo five times and the mandatory requirement for banks to keep cash with the central bank 13 times since January 2007.
Subbarao, who relinquished the post of Finance Secretary, also appreciated the role of Reddy as his predecessor. Reddy had earlier this week said that he will settle down in Hyderabad and may take up the job of teaching.
"The immediate priority for me as the Governor of RBI will be to manage inflation and anchor inflationary expectations," Subbarao said.
He said the priority in short-to-medium term will be to pursue financial sector reforms in the context of financial and price stability.
Inflation eased to 12.34 per cent during the week ended August 23 due to fall in food prices from 12.40 per cent a week earlier.
However, the RBI yesterday indicated that there will be no softening of its hawkish monetary stance to contain inflation as volatile food and energy prices remain a challenge.
"It is critical at the prevailing juncture to demonstrate on a continuing basis a determination to act decisively, effectively and swiftly to curb any signs of adverse developments in regard to inflation expectations," the RBI had said in its report on Currency and Finance.
The RBI has been tightening money supply to contain inflation. It raised short-term lending rate Repo five times and the mandatory requirement for banks to keep cash with the central bank 13 times since January 2007.
Subbarao, who relinquished the post of Finance Secretary, also appreciated the role of Reddy as his predecessor. Reddy had earlier this week said that he will settle down in Hyderabad and may take up the job of teaching.
PM: Inflation a major concern
Prime Minister Manmohan Singh today (September 5) said rising prices have emerged as a major concern for the government and stepping up productivity is the only way to ensure that economic growth is not inflationary.
Government has taken several measures to moderate rising prices and at the same time tried to ensure that inflation control measures did not hurt the growth momentum in the last four years, Singh said after laying the foundation stone for the Rs 1,750-crore expansion and modernisation of the Salem Steel Plant.
"In the Eleventh Five Year Plan period, we expect the economy to grow at around nine per cent. To ensure that growth process is not inflationary, we must step up productivity and increase output," Singh said.
In order to ensure non-inflationary growth, the country must step production in all sectors, he said, adding that India still has a long way to go in creating infrastructure for modernising the country. Congress President and UPA Chairperson Sonia Gandhi, along with several central ministers, was also present on the occasion.
Lauding the role of public sector Steel Authority of India Limited (SAIL) in the country's economic growth, Gandhi said the PSUs would continue to occupy a crucial position in areas like steel, power, gas and telecommunication. The UPA government is committed to empower the PSUs, she added.
Government has taken several measures to moderate rising prices and at the same time tried to ensure that inflation control measures did not hurt the growth momentum in the last four years, Singh said after laying the foundation stone for the Rs 1,750-crore expansion and modernisation of the Salem Steel Plant.
"In the Eleventh Five Year Plan period, we expect the economy to grow at around nine per cent. To ensure that growth process is not inflationary, we must step up productivity and increase output," Singh said.
In order to ensure non-inflationary growth, the country must step production in all sectors, he said, adding that India still has a long way to go in creating infrastructure for modernising the country. Congress President and UPA Chairperson Sonia Gandhi, along with several central ministers, was also present on the occasion.
Lauding the role of public sector Steel Authority of India Limited (SAIL) in the country's economic growth, Gandhi said the PSUs would continue to occupy a crucial position in areas like steel, power, gas and telecommunication. The UPA government is committed to empower the PSUs, she added.
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