Asia: Indian Investors Shrug Off Inflation
05/17/08 - 06:44 PM EDT
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Stocks in India rose Friday as investors shook off government data that showed inflation hit a three-and-a-half year high. India's wholesale price index jumped to 7.83% for the week ending May 3, vs. 7.61% for the previous week, due to sharp increases in the price of foods and manufactured goods. Traders said inflation could go even higher, which sent the rupee falling to multi-year lows against the dollar.
The market "had anticipated a rise in inflation and discounted it," said Hitesh Agarwal, research head at Angel Broking. "There's consensus that government measures will bring it down to 6% in a few weeks."
The Bombay Stock Exchange's Sensex Index added 81.40, or 0.5%, to 17,434.94.
Shares of Indian mining company Sterlite(SLT - Cramer's Take - Stockpickr) surged 4.9% after TheStreet.com's Jim Cramer advised buying the stock on CNBC's "Stop Trading!" show Friday. Cramer said SLT will benefit from China's demand for zinc, copper and aluminum. American depositary shares of Sterlite, which trade on the NYSE, closed up 90 cents to $21.82 on three times the average daily volume.
Indian information technology company Wipro(WIT - Cramer's Take - Stockpickr) announced it will seek shareholder approval to enter the renewable energy business market. In a notice to shareholders, the company said it plans build custom solar and renewable energy plants and offer customized solutions for solar, small turbines, biogas, biomass fuel and geothermal energy systems. Shares of WIT slipped 2.4% to $13.27.
Premiere Global Services(PGI - Cramer's Take - Stockpickr) announced it has formed a partnership with global communications provider Tata Communications(TCL - Cramer's Take - Stockpickr) to jointly market business solutions supported by the Premiere Global Communications Operating Systems (PGiCOS), which will include Web conferencing and collaboration applications. Under the terms of the deal, Premiere Global will install and deploy its PGiCOS communications technology in India with Tata Communications providing network infrastructure, service and sales channels to the Indian market. Shares of TCL traded up 1% to $24.05.
Leading the decliners among Indian ADRs Friday were Patni Computer Systems(PTI - Cramer's Take - Stockpickr), which fell 2.1% to $13.48; HDFC Bank(HDB - Cramer's Take - Stockpickr), which dropped 1.6% to $108.05; and WNS(WNS - Cramer's Take - Stockpickr), which closed down 1.1% to $17.96.
Be sure to check out the Far East Portfolio at Stockpickr.com every night to find out which stocks in India and China are making big moves and announcing major news.
China Recap
Stocks in Hong Kong advanced Friday after the government released key economic numbers that showed strong growth for the region, due to rising investment, growing exports and booming tourism. Annual growth in gross domestic product rose to 7.1% in the first-quarter, well above expectations of 6.1%. The government said full-year economic growth will hit the top of its forecast range of 4% to 5%.
"Economies which are leveraged off China have continued to perform very well," said Glenn Maguire, Asia Pacific chief economist at Societe Generale. "Hong Kong is linked to the mainland via a services dynamic. We are confident growth will come in at around 6% this year."
The Shanghai Composite Index slipped 13.09 points, or 0.36%, to 3,624.23 and Hong Kong's Hang Seng Index rose 151.93 points, or 0.59%, to 25,748.33
Shares of China Finance Online( JRJC - Cramer's Take - Stockpickr) surged 18% after the company raised its first-quarter earnings and revenue forecast, due to strong demand for its key subscription services. The Chinese online financial information provider said first-quarter earnings will come in between the range of $4.5 million to $5 million, vs. previous guidance of $3.7 million to $4 million. The company said revenue guidance for the first-quarter will be $10.5 million to $10.8 million, vs. previous estimates of $10 million to $10.5 million. American depositary shares of China Finance Online, which trade on the Nasdaq, traded up $4.11 to $26.15 on heavy volume.
Piper Jaffray removed Chinese alternative energy company Yingli Green Energy( YGE - Cramer's Take - Stockpickr) from its Alpha List and slashed its price target to $60 from $65, despite saying the stock has some of the best risk reward for the solar sector. Shares of YGE fell 1.7% to $24.88. China Precision Steel( CPSL - Cramer's Take - Stockpickr), a U.S.-based firm which conducts a majority of its business in China through its wholly owned operating subsidiary, Shanghai Chengtong Precision Strip, announced that net income for the third-quarter soared 231% to $4.6 million, due to strong growth in exports of low-carbon, hard-rolled products and subcontracting work. Revenue grew 61.3% to $18.7 million, vs. $11.6 million from the previous year, and gross profit surged 58% to $5.3 million, vs. $3.4 million from a year ago. Shares of CPSL soared 37% to $5.97 on extremely heavy volume.
Noah Education( NED - Cramer's Take - Stockpickr), a Chinese provider of interactive education, reported a 114% jumped in net income for the third-quarter to $7.9 million, due to strong growth for its core products. Revenue for the third-quarter surged 8.5% to $26.3 million and gross margins were 55.3%. vs. 50.8% from a year earlier. The company said net revenue growth for the fourth-quarter will come in the range of 16% to 18% and net income growth for the fourth-quarter will come in between the range of 350% to 400%. Shares of NED jumped 16% to $7.99 on very heavy volume.
Some big movers Friday were Solarfun Power( SOLF - Cramer's Take - Stockpickr), which rose 23% to $22.84; China Techfaith(CNTF - Cramer's Take - Stockpickr), which soared 19% to $6.55; Fuwei Films( FFHL - Cramer's Take - Stockpickr), which jumped 13% to $3.45; and Origin Agritech( SEED - Cramer's Take - Stockpickr), which traded up 12% to $7.49.
Be sure to check out the Far East Portfolio at Stockpickr.com every night to find out which stocks in India and China are making big moves and announcing major news.
For more on Asia, check out Daniel Harrison's coverage at TheStreet.com.
Sunday, May 18, 2008
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TECHCRUNCH
How To Structure a Yahoo-Google Search Deal: It?s All About The Tail and the Torso
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Who's Blogging» Links to this article
Erick Schonfeld
TechCrunch.com
Saturday, May 17, 2008; 3:09 PM
Even as Carl Icahn rallies angry shareholders to try to force Yahoo back to the bargaining table with Microsoft, one of the "strategic alternatives" Yahoo may still be trying to work out in the background is a search advertising deal with Google. There is a 60 to 70 percent gap between what Google collects for search ads and what Yahoo collects, so simply handing over a portion of its search advertising inventory to Google would boost its cash flow and profits considerably?perhaps adding as much as $1 billion or more in cash flow.
But how could such a deal pass muster with antitrust authorities, who are already investigating the test run Google and Yahoo did last month with only 3 percent of Yahoo's search ads?
It would all depend on how a deal is structured.
One line of thinking is that Yahoo and Google could get away with a deal that only hands over 10 to 20 percent of Yahoo's search advertising inventory. This would need to be on a non-exclusive basis, meaning that if somebody else could come in and beat Google's revenue-per-search-query Yahoo would be free to hand them the ad inventory instead. The assumption was that this would be the 10 to 20 percent of keywords that bring in the highest revenues for Yahoo. (We discussed this point in our interview with Citi analyst Mark Mahaney last month, for instance).
But there is another way Yahoo could get a lot more bang for its buck in a deal with Google. Instead of handing over the most valuable search terms, it would be better off handing over the ones with the biggest delta in profitability (the difference between what Google makes on those terms and what Yahoo makes). Yahoo does not have any trouble getting decent ad rates for the most desirable search terms. Call those the head keywords that bring in the most revenues. What it has trouble making money on are the keywords in the long tail and torso of its advertising inventory. And that's exactly where Google excels at squeezing out relevant matches and clickthroughs.
If Yahoo can identify which basket of search terms represents the biggest profitability gap compared to what Google makes, it can maximize what part of its ad inventory to outsource to Google. These terms will likely turn out to be the ones that are currently the least valuable ones to Yahoo. Picking the 10 to 20 percent of keywords where the delta is the greatest between what Yahoo and Google are able to charge would effectively multiply the impact of the deal. After all, there is no point in handing over high-revenue search terms that Yahoo is already matching Google on in terms of profitability.
If the numbers work out and antitrust can be avoided, such a deal would certainly be a way to appease (or at least answer) Yahoo's increasingly irate shareholders. But if Yahoo is serious about striking a deal with Google, it should do so before the proxy battle with Icahn comes to a head.
(Photo credit: Jack Versloot).
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Who's Blogging» Links to this article
Erick Schonfeld
TechCrunch.com
Saturday, May 17, 2008; 3:09 PM
Even as Carl Icahn rallies angry shareholders to try to force Yahoo back to the bargaining table with Microsoft, one of the "strategic alternatives" Yahoo may still be trying to work out in the background is a search advertising deal with Google. There is a 60 to 70 percent gap between what Google collects for search ads and what Yahoo collects, so simply handing over a portion of its search advertising inventory to Google would boost its cash flow and profits considerably?perhaps adding as much as $1 billion or more in cash flow.
But how could such a deal pass muster with antitrust authorities, who are already investigating the test run Google and Yahoo did last month with only 3 percent of Yahoo's search ads?
It would all depend on how a deal is structured.
One line of thinking is that Yahoo and Google could get away with a deal that only hands over 10 to 20 percent of Yahoo's search advertising inventory. This would need to be on a non-exclusive basis, meaning that if somebody else could come in and beat Google's revenue-per-search-query Yahoo would be free to hand them the ad inventory instead. The assumption was that this would be the 10 to 20 percent of keywords that bring in the highest revenues for Yahoo. (We discussed this point in our interview with Citi analyst Mark Mahaney last month, for instance).
But there is another way Yahoo could get a lot more bang for its buck in a deal with Google. Instead of handing over the most valuable search terms, it would be better off handing over the ones with the biggest delta in profitability (the difference between what Google makes on those terms and what Yahoo makes). Yahoo does not have any trouble getting decent ad rates for the most desirable search terms. Call those the head keywords that bring in the most revenues. What it has trouble making money on are the keywords in the long tail and torso of its advertising inventory. And that's exactly where Google excels at squeezing out relevant matches and clickthroughs.
If Yahoo can identify which basket of search terms represents the biggest profitability gap compared to what Google makes, it can maximize what part of its ad inventory to outsource to Google. These terms will likely turn out to be the ones that are currently the least valuable ones to Yahoo. Picking the 10 to 20 percent of keywords where the delta is the greatest between what Yahoo and Google are able to charge would effectively multiply the impact of the deal. After all, there is no point in handing over high-revenue search terms that Yahoo is already matching Google on in terms of profitability.
If the numbers work out and antitrust can be avoided, such a deal would certainly be a way to appease (or at least answer) Yahoo's increasingly irate shareholders. But if Yahoo is serious about striking a deal with Google, it should do so before the proxy battle with Icahn comes to a head.
(Photo credit: Jack Versloot).
More on washingtonpost.com
• More Technology News
» washingtonpost.com
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» Related Topics & Web Content
From Our Partner
• Hit Pause On The Evil Button: Google Assists In Arrest Of Indian Man
• CBS Centralizes Its Superdistribution of Videos on the Web
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Saturday, May 17, 2008
Thousandbank feared brokens flee as China lake
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powered by Sphere
Featured Broker sponsored link
$0 stock trades. 10 free per month.By John Ruwitch and Jason Li
BEICHUAN, China (Reuters) - Thousands of Chinese fled to the hills on Saturday amid fears a lake formed near the epicenter of this week's earthquake would burst its banks.
The water level at the lake formed after aftershocks blocked a river was rising rapidly in Beichuan and "may burst its bank at any time", the official Xinhua news agency said.
A paramilitary officer told Reuters the likelihood of the lake bursting its banks was "extremely big".
A witness said by telephone the military was evacuating everyone in Beichuan, even rescue workers.
A Reuters journalist fled an area near the Beichuan Middle School, which President Hu Jintao visited on Friday. Soldiers were talking on the radio saying "all retreat" and there was a lot of dust in the air. Troops were leaving fast.
China has said it expects the final death toll from Monday's 7.9 magnitude earthquake to exceed 50,000. About 4.8 million people have lost their homes and the days are numbered in which survivors can be found.
Cabinet spokesman Guo Weimin, taking a long pause to compose himself as he read from an updated casualty report at a news conference, put the death toll so far at 28,881.
Sichuan Vice-Governor Li Chengyun said more than 188,100 people have been injured and about 10,600 people remain buried under rubble. About 2.6 million tents are needed to shelter 4.8 million displaced residents,
Hu Jintao visits Sichuan province
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16 May 2008
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16 May 2008
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16 May 2008
FACTBOX: Earthquake aid for China
16 May 2008
powered by Sphere
Featured Broker sponsored link
$0 stock trades. 10 free per month.By John Ruwitch and Jason Li
BEICHUAN, China (Reuters) - Thousands of Chinese fled to the hills on Saturday amid fears a lake formed near the epicenter of this week's earthquake would burst its banks.
The water level at the lake formed after aftershocks blocked a river was rising rapidly in Beichuan and "may burst its bank at any time", the official Xinhua news agency said.
A paramilitary officer told Reuters the likelihood of the lake bursting its banks was "extremely big".
A witness said by telephone the military was evacuating everyone in Beichuan, even rescue workers.
A Reuters journalist fled an area near the Beichuan Middle School, which President Hu Jintao visited on Friday. Soldiers were talking on the radio saying "all retreat" and there was a lot of dust in the air. Troops were leaving fast.
China has said it expects the final death toll from Monday's 7.9 magnitude earthquake to exceed 50,000. About 4.8 million people have lost their homes and the days are numbered in which survivors can be found.
Cabinet spokesman Guo Weimin, taking a long pause to compose himself as he read from an updated casualty report at a news conference, put the death toll so far at 28,881.
Sichuan Vice-Governor Li Chengyun said more than 188,100 people have been injured and about 10,600 people remain buried under rubble. About 2.6 million tents are needed to shelter 4.8 million displaced residents,
INDIA READY FOR DIGITAL INFORMATION
. A single click connects you to millions of people around the world and gets you information in an instant. And the man leading Google’s charge in India, has an American accent but Indian roots. Shailesh Rao, the Managing Director of Google India started at Google’s headquarters in Silicon Valley before he logged on to the Indian market.
A graduate from the Kellogg School of Management, Shailesh Rao had worked with Mercer, America Online and Yodlee before he joined Google. He started in California and now he is heading Google’s India operations. Shailesh Rao is the Managing Director of Google India at 36. His aspiration is to make Google an indispensable part of every Indian’s daily life and in every Indian business growth in five years time.
Shailesh Rao said that Google is young company. They have been around only for 8 or 9 years. He said that India has really come to the forefront Google's consciousness only in the last few years so it is a perfect time to come to India, take all the resources, the talent, the energy of Google and apply it to a vast, diverse interesting market like India. Rao added that India is absolutely ready for the the digital information age. He said that India is a culture that’s always has been focused on education. He spoke in an exclusive interview with CNBC-TV18's Shereen Bhan.
Experts from CNBC-TV18's exclusive interview with Shailesh Rao:
Q: You said that the first few months at Google were challenging because working at Google is a bit of an acquired taste. It is unlike any other organisation. Why is that?
A: Google has got a very particular culture in which one empowers all the individuals, employees to own their own work, own their achievements and try to have an impact. So, one has to get used to a culture where one has to be a self starter, be self motivated and have the self confidence to just get things done, and not look around for approvals or direction and ask your manager if something is okay or not. There is such a healthy confidence and belief in every employee’s ability to have impact, that once you understand that responsibility and that opportunity, it actually is a lot of fun.
Q: In spite of abysmally low penetration, the Indian Internet space has caught the fancy of web evangelists. Google India has already become the second largest operation for Google Worldwide in terms of number of employees and has even surprisingly emerged as the highest growth market in terms of advertising revenues. The effort is now on extending reach. The solution: bridging the language divide, India specific content, and India focused sites like youtube.co.in?
A: We want to be able to service all Indians, large or small. YouTube allows us to bring video to Indians. As a format it is very compelling. Culturally, we love video; we have a long history of enjoying film. But in addition, video allows an opportunity for all Indians to engage in the information revolution. It doesn’t require text input; it doesn’t require that level of literacy. It almost allows you to circumvent those issues and connect with a broader audience.
Q: This is a great time to be part of Google’s India operations because it is one of your fastest growing markets and of course in terms of R&D; it has always been of strategic importance to Google?
A: That’s right. We are a young company. We have only been around for 8 or 9 years. So, India has really come to the forefront of our company’s consciousness only in the last few years. It is a perfect time to come to India, take all the resources, the talent, the energy of Google and apply it to a vast, diverse interesting market like India and hopefully have an impact. We really are a start-up. So, working for a start-up within a start-up is extra special.
Q: What is the biggest challenge of working within a startup in a startup?
A: Having been in a startup that I know and remember, the challenge of making hard trade-offs, having big dreams and resources that are not that big, and making tough decisions about what to do and what most importantly not to do.
Q: What has been the toughest decision that you have taken both in terms of what to do and what not to do?
A: If you look at our global product portfolio, we actually have products for consumers that number in the dozens. Many people may not know but if you click on the more link on the Google homepage, there is a list of services beyond the ones that are used most often, which are really interesting for users. In India, we don’t have the privilege of taking that full slate of products and bringing them all simultaneously.
Q: Do you think India is ready at this point in time for it?
A: India is absolutely ready for the information age, the digital information age. It is a culture that’s always has been focused on education; Whether it is my parents, my relatives or friends - there is a common theme across the culture which that education is the pathway to better quality of life, a better livelihood for the next generation.
Q: When I was speaking to Ram Sriram a couple of months ago and he was talking about how Google has become the textbook or the new textbook in emerging markets and taking that philosophy forward in India. Have you had discussions with the government? How can you really become part of the sort of education initiative?
A: It is tremendous opportunity for us. We have spoken quite a bit with various parts of the government with respect to the potential public-private partnerships. There is a lot that we could do to help the youth of India access necessary information; Both for the educational purposes as well as just general knowledge and interest and entrainment.
Q: What will these partnerships really look like and what they would do?
A: The interesting thing about the internet today is that there is a lot of information on the internet. But it is not the most relevant for Indian interest and needs. So one of the primary focus areas for Google India is to work with all the content providers in India who have information relevant to Indians and find a way to merge their information with our capabilities to provide accesses and really create a fundamentally different kind of online experience for the average Indian - young or old.
Q: You have talked about making Google more relevant to an Indian audience, to an Indian internet user. Part of that initiative is really bridging the language divide, which you have sort of taken off in Indian - what more can we see on that front?
A: Whether it is ‘Google Search’ or ‘Google.co.in’ or whether it is ‘Orkut’, whether it is ‘Blogger’ - many of these products are available in many Indian languages beyond English - that’s the first step. But beyond the obvious, which is the language support, we really need to spend more time understanding the particular needs and interest of the vast diversity i.e. India.
Q: With a large engineering presence in India, you are keen to ramp up Google’s market capabilities to service the Indian markets. With the recent Indian tie-up with Bharti Airtel, Do you want Google mobile to cash in on India’s mobile mania.
A: There are two buckets. One bucket, takes Google products that users love around the world and in India and bring it to a mobile device. The second bucket or category is thinking about novel applications that take advantage of the mobile device for what it is - separate and distinct from the computer. We build our business is by providing advertising opportunities to businesses. In India, we believe there is a tremendous opportunity in mobile advertising. We have seen lots of success around the world in providing our type of advertising on a mobile device.
Q: Outside of the mobile phenomena the other revolution that India has got caught up is the entire social networking revolution Orkut, Facebook you name it and it is not now just an urban yippee phenomena it is a Tier I-Tier II phenomena as well. What more are we actually going to see on that front?
A: The thing that binds us around the world, and binds Indians across the country is a deep desire to connect to communicate, to share with one another and create a platform that enables them to do that has been very satisfying for us. So Orkut is a very important part of our portfolio in India. It is the most popular service on the Internet if you look at some third party’s statistics. So the main thing is to make sure that our existing community of users remain happy and get tremendous value out of this service.
Q: What are revenues going to look for this start up within a start up?
A: We are growing faster than the overall company and we are growing very fast even for an Indian business comparatively speaking. So very excited about that. The sure history we have had in India has been tremendous in terms of the reception we have got from the consumers and from businesses. With respect to consumers, I don’t think it is too far to say that at this point in our evolution we are as well situated in India maybe, as we have been anywhere out. The breadth and the diversity of the interest in our products has been really compelling. We hope to continue to invest in growth.
Q: Share with us before we let you go your five-point India strategy over the next 12-18 months?
A: Before I get into this strategy, I think the objective is important. The mission of the company is to organize the world’s information and make it universally accessible and useful. In that context; Our goal is to create products for Indian consumers and Indian businesses. To do that we need to build a great organization, making sure we have information relevant for Indians, and deliver that information across all the devices that Indians use to access information. Putting it in terms so that all Indians can participate across India in rural towns and in the urban sectors from North to South and making sure their businesses take advantage of ad-worlds as a platform to advertise and connect with consumers digitally. So that Google can be a central part of the overall India growth story and the economy’s
A graduate from the Kellogg School of Management, Shailesh Rao had worked with Mercer, America Online and Yodlee before he joined Google. He started in California and now he is heading Google’s India operations. Shailesh Rao is the Managing Director of Google India at 36. His aspiration is to make Google an indispensable part of every Indian’s daily life and in every Indian business growth in five years time.
Shailesh Rao said that Google is young company. They have been around only for 8 or 9 years. He said that India has really come to the forefront Google's consciousness only in the last few years so it is a perfect time to come to India, take all the resources, the talent, the energy of Google and apply it to a vast, diverse interesting market like India. Rao added that India is absolutely ready for the the digital information age. He said that India is a culture that’s always has been focused on education. He spoke in an exclusive interview with CNBC-TV18's Shereen Bhan.
Experts from CNBC-TV18's exclusive interview with Shailesh Rao:
Q: You said that the first few months at Google were challenging because working at Google is a bit of an acquired taste. It is unlike any other organisation. Why is that?
A: Google has got a very particular culture in which one empowers all the individuals, employees to own their own work, own their achievements and try to have an impact. So, one has to get used to a culture where one has to be a self starter, be self motivated and have the self confidence to just get things done, and not look around for approvals or direction and ask your manager if something is okay or not. There is such a healthy confidence and belief in every employee’s ability to have impact, that once you understand that responsibility and that opportunity, it actually is a lot of fun.
Q: In spite of abysmally low penetration, the Indian Internet space has caught the fancy of web evangelists. Google India has already become the second largest operation for Google Worldwide in terms of number of employees and has even surprisingly emerged as the highest growth market in terms of advertising revenues. The effort is now on extending reach. The solution: bridging the language divide, India specific content, and India focused sites like youtube.co.in?
A: We want to be able to service all Indians, large or small. YouTube allows us to bring video to Indians. As a format it is very compelling. Culturally, we love video; we have a long history of enjoying film. But in addition, video allows an opportunity for all Indians to engage in the information revolution. It doesn’t require text input; it doesn’t require that level of literacy. It almost allows you to circumvent those issues and connect with a broader audience.
Q: This is a great time to be part of Google’s India operations because it is one of your fastest growing markets and of course in terms of R&D; it has always been of strategic importance to Google?
A: That’s right. We are a young company. We have only been around for 8 or 9 years. So, India has really come to the forefront of our company’s consciousness only in the last few years. It is a perfect time to come to India, take all the resources, the talent, the energy of Google and apply it to a vast, diverse interesting market like India and hopefully have an impact. We really are a start-up. So, working for a start-up within a start-up is extra special.
Q: What is the biggest challenge of working within a startup in a startup?
A: Having been in a startup that I know and remember, the challenge of making hard trade-offs, having big dreams and resources that are not that big, and making tough decisions about what to do and what most importantly not to do.
Q: What has been the toughest decision that you have taken both in terms of what to do and what not to do?
A: If you look at our global product portfolio, we actually have products for consumers that number in the dozens. Many people may not know but if you click on the more link on the Google homepage, there is a list of services beyond the ones that are used most often, which are really interesting for users. In India, we don’t have the privilege of taking that full slate of products and bringing them all simultaneously.
Q: Do you think India is ready at this point in time for it?
A: India is absolutely ready for the information age, the digital information age. It is a culture that’s always has been focused on education; Whether it is my parents, my relatives or friends - there is a common theme across the culture which that education is the pathway to better quality of life, a better livelihood for the next generation.
Q: When I was speaking to Ram Sriram a couple of months ago and he was talking about how Google has become the textbook or the new textbook in emerging markets and taking that philosophy forward in India. Have you had discussions with the government? How can you really become part of the sort of education initiative?
A: It is tremendous opportunity for us. We have spoken quite a bit with various parts of the government with respect to the potential public-private partnerships. There is a lot that we could do to help the youth of India access necessary information; Both for the educational purposes as well as just general knowledge and interest and entrainment.
Q: What will these partnerships really look like and what they would do?
A: The interesting thing about the internet today is that there is a lot of information on the internet. But it is not the most relevant for Indian interest and needs. So one of the primary focus areas for Google India is to work with all the content providers in India who have information relevant to Indians and find a way to merge their information with our capabilities to provide accesses and really create a fundamentally different kind of online experience for the average Indian - young or old.
Q: You have talked about making Google more relevant to an Indian audience, to an Indian internet user. Part of that initiative is really bridging the language divide, which you have sort of taken off in Indian - what more can we see on that front?
A: Whether it is ‘Google Search’ or ‘Google.co.in’ or whether it is ‘Orkut’, whether it is ‘Blogger’ - many of these products are available in many Indian languages beyond English - that’s the first step. But beyond the obvious, which is the language support, we really need to spend more time understanding the particular needs and interest of the vast diversity i.e. India.
Q: With a large engineering presence in India, you are keen to ramp up Google’s market capabilities to service the Indian markets. With the recent Indian tie-up with Bharti Airtel, Do you want Google mobile to cash in on India’s mobile mania.
A: There are two buckets. One bucket, takes Google products that users love around the world and in India and bring it to a mobile device. The second bucket or category is thinking about novel applications that take advantage of the mobile device for what it is - separate and distinct from the computer. We build our business is by providing advertising opportunities to businesses. In India, we believe there is a tremendous opportunity in mobile advertising. We have seen lots of success around the world in providing our type of advertising on a mobile device.
Q: Outside of the mobile phenomena the other revolution that India has got caught up is the entire social networking revolution Orkut, Facebook you name it and it is not now just an urban yippee phenomena it is a Tier I-Tier II phenomena as well. What more are we actually going to see on that front?
A: The thing that binds us around the world, and binds Indians across the country is a deep desire to connect to communicate, to share with one another and create a platform that enables them to do that has been very satisfying for us. So Orkut is a very important part of our portfolio in India. It is the most popular service on the Internet if you look at some third party’s statistics. So the main thing is to make sure that our existing community of users remain happy and get tremendous value out of this service.
Q: What are revenues going to look for this start up within a start up?
A: We are growing faster than the overall company and we are growing very fast even for an Indian business comparatively speaking. So very excited about that. The sure history we have had in India has been tremendous in terms of the reception we have got from the consumers and from businesses. With respect to consumers, I don’t think it is too far to say that at this point in our evolution we are as well situated in India maybe, as we have been anywhere out. The breadth and the diversity of the interest in our products has been really compelling. We hope to continue to invest in growth.
Q: Share with us before we let you go your five-point India strategy over the next 12-18 months?
A: Before I get into this strategy, I think the objective is important. The mission of the company is to organize the world’s information and make it universally accessible and useful. In that context; Our goal is to create products for Indian consumers and Indian businesses. To do that we need to build a great organization, making sure we have information relevant for Indians, and deliver that information across all the devices that Indians use to access information. Putting it in terms so that all Indians can participate across India in rural towns and in the urban sectors from North to South and making sure their businesses take advantage of ad-worlds as a platform to advertise and connect with consumers digitally. So that Google can be a central part of the overall India growth story and the economy’s
Indiantelevision.com's News Releases
Network 18 Joins in the World's Richest 10 K Race in Bangalore
MUMBAI: Leading Indian News channels CNBC-TV18 has partnered with the 'Sunfeast WORLD 10 K' race, which will be held in Bangalore. The WORLD 10K race is a yearly event, which has been organized in different parts of the world and for the first time, is being organized in India. The 'Sunfeast WORLD 10K' is also the richest race, with total prize money of 150,000 USD.
The 'Sunfeast WORLD 10 K' will be a unifying experience which will have more than 15000 enthusiastic runners, including international and national elite athletes participating. CNBC TV18 will bring the event live to millions of Indians on May 18, 2008 from 7 am onwards, along with a power packed line up of programming built around the event.
CNBC-TV18 will cover the tremendous diversity of the WORLD 10K experience, ranging from professional participation to support of charity causes and corporate social endeavors to celebrity involvement, from individual recreation to community building.
On the race day, the channels will embed reporters and anchors through the race. This will ensure a power packed, razor sharp viewing experience. The channels will also showcase extensive graphical features such as leader boards, timers, chopper shots, trivia along with commentary from expert commentators.
Speaking on Network 18's partnership with this race, Ajay Chacko, Director, TV18 Business Media said, "The Sunfeast WORLD 10 K epitomizes the spirit of Bangalore and celebrates the city's emergence as the leading global symbol of India. Editorially, we constantly aim to deliver value added content to our viewers along with a special programming emphasis on properties that highlight the rapidly transforming economic scenario in the south. After our highly successful Mumbai marathon coverage, we believe that the 10 k race will be another significant programming milestone"
Mr. Anil Singh of Procam International, promoters of the event said "We are very proud and excited to be associated with Network18 for the Sunfeast 10 K. We believe that the race will take a quantum leap with coverage from the market leading channel of the group, CNBC-TV18, delivering maximized reach and audiences for the Sunfeast WORLD 10 K Race, Bangalore. The Race culture is rapidly spreading across India, symbolic of the nation's passion for health, competition and leadership and CNBC-TV18 will be an ideal partner in spreading this cult"
The 'Sunfeast WORLD 10K' will be held in 6 different categories which include the World 10K (distance: 10 km), Nation's Challenge (distance: 10 km), Open 10K (distance: 10 km), Majja Run (distance: 5.7 km), Sr. Citizens' Run (distance: 4 km) and the Wheelchair Event (distance: 4 km) for the physically challenged. The Race will commence from Kasturba Road, outside Kanteerva Stadium and end inside the Athletic Stadium.
The city of Bangalore has responded by enthusiastically swamping all the race categories on offer. So all you athlete's in the country, on your mark, get set to watch the 1st edition of Sunfeast 'WORLD10K' in Bangalore on CNBC TV 18 only.
MUMBAI: Leading Indian News channels CNBC-TV18 has partnered with the 'Sunfeast WORLD 10 K' race, which will be held in Bangalore. The WORLD 10K race is a yearly event, which has been organized in different parts of the world and for the first time, is being organized in India. The 'Sunfeast WORLD 10K' is also the richest race, with total prize money of 150,000 USD.
The 'Sunfeast WORLD 10 K' will be a unifying experience which will have more than 15000 enthusiastic runners, including international and national elite athletes participating. CNBC TV18 will bring the event live to millions of Indians on May 18, 2008 from 7 am onwards, along with a power packed line up of programming built around the event.
CNBC-TV18 will cover the tremendous diversity of the WORLD 10K experience, ranging from professional participation to support of charity causes and corporate social endeavors to celebrity involvement, from individual recreation to community building.
On the race day, the channels will embed reporters and anchors through the race. This will ensure a power packed, razor sharp viewing experience. The channels will also showcase extensive graphical features such as leader boards, timers, chopper shots, trivia along with commentary from expert commentators.
Speaking on Network 18's partnership with this race, Ajay Chacko, Director, TV18 Business Media said, "The Sunfeast WORLD 10 K epitomizes the spirit of Bangalore and celebrates the city's emergence as the leading global symbol of India. Editorially, we constantly aim to deliver value added content to our viewers along with a special programming emphasis on properties that highlight the rapidly transforming economic scenario in the south. After our highly successful Mumbai marathon coverage, we believe that the 10 k race will be another significant programming milestone"
Mr. Anil Singh of Procam International, promoters of the event said "We are very proud and excited to be associated with Network18 for the Sunfeast 10 K. We believe that the race will take a quantum leap with coverage from the market leading channel of the group, CNBC-TV18, delivering maximized reach and audiences for the Sunfeast WORLD 10 K Race, Bangalore. The Race culture is rapidly spreading across India, symbolic of the nation's passion for health, competition and leadership and CNBC-TV18 will be an ideal partner in spreading this cult"
The 'Sunfeast WORLD 10K' will be held in 6 different categories which include the World 10K (distance: 10 km), Nation's Challenge (distance: 10 km), Open 10K (distance: 10 km), Majja Run (distance: 5.7 km), Sr. Citizens' Run (distance: 4 km) and the Wheelchair Event (distance: 4 km) for the physically challenged. The Race will commence from Kasturba Road, outside Kanteerva Stadium and end inside the Athletic Stadium.
The city of Bangalore has responded by enthusiastically swamping all the race categories on offer. So all you athlete's in the country, on your mark, get set to watch the 1st edition of Sunfeast 'WORLD10K' in Bangalore on CNBC TV 18 only.
WALL STREET JOURNAL
Without Yahoo, Microsoft Has Little for Advertisers
By Robert A. Guth
Word Count: 490 | Companies Featured in This Article: Microsoft, Yahoo, Google
Online advertisers next week will descend on Seattle seeking signs of how Microsoft Corp. will compete online without buying Yahoo Inc. They will have to wait a bit longer.
For two days starting Tuesday, Microsoft will hold an annual demonstration to online advertisers its tools and strategies for making them money on the Internet. In the past, the message of the event was that Microsoft was on track to be a viable competitor of Google Inc. Microsoft would detail how it planned to get there by investing in its own services for searching the Internet and brokering ads. Advertisers ...
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• Yahoo's Shares Tumble As Microsoft Ends Pursuit May. 05, 2008
• Microsoft Appears to Lean Toward Hostile Yahoo Bid May. 02, 2008
• Microsoft Fails to Reach Yahoo Decision Apr. 30, 2008
• Yahoo Details Ad System Geared Toward Graphical Display Apr. 07, 2008
Related Web News
• Inside Microsoft's war against Google - BusinessWeek.com - MSNBC.com May. 10, 2008 nbc.com
• Collapse Yahoo talks leaves advertisers with less leverage May. 06, 2008 news.yahoo.com
• Microsoft's letter to Yahoo - May. 3, 2008 May. 04, 2008 money.cnn.com
• Microsoft Walks May. 03, 2008 forbes.com
More related content Powered by Sphere
By Robert A. Guth
Word Count: 490 | Companies Featured in This Article: Microsoft, Yahoo, Google
Online advertisers next week will descend on Seattle seeking signs of how Microsoft Corp. will compete online without buying Yahoo Inc. They will have to wait a bit longer.
For two days starting Tuesday, Microsoft will hold an annual demonstration to online advertisers its tools and strategies for making them money on the Internet. In the past, the message of the event was that Microsoft was on track to be a viable competitor of Google Inc. Microsoft would detail how it planned to get there by investing in its own services for searching the Internet and brokering ads. Advertisers ...
RELATED ARTICLES FROM ACROSS THE WEB
Related Content may require a subscription | Subscribe Now -- Get 2 Weeks FREE
Related Articles from WSJ.com
• Yahoo's Shares Tumble As Microsoft Ends Pursuit May. 05, 2008
• Microsoft Appears to Lean Toward Hostile Yahoo Bid May. 02, 2008
• Microsoft Fails to Reach Yahoo Decision Apr. 30, 2008
• Yahoo Details Ad System Geared Toward Graphical Display Apr. 07, 2008
Related Web News
• Inside Microsoft's war against Google - BusinessWeek.com - MSNBC.com May. 10, 2008 nbc.com
• Collapse Yahoo talks leaves advertisers with less leverage May. 06, 2008 news.yahoo.com
• Microsoft's letter to Yahoo - May. 3, 2008 May. 04, 2008 money.cnn.com
• Microsoft Walks May. 03, 2008 forbes.com
More related content Powered by Sphere
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