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Issue Date:
10th October 2009
In This Issue
- Success Stories
- India's First Business Continuity Awards
- News Alert
- Upcoming Events
- BFSI Industry Trends
- Technology Trends
You can meet us during these upcoming events
BFSI CxO Tech 2009 Event
29-30th Oct: Mumbai
News Alert
Starting young going steady
Atul Hemani in an exclusive one to one interaction with express computers magazine on hot seat section discussing his first steps towards professional goals to tough times and family bonding.
He likes reading books to playing badminton. His dreams of making the company bigger and a global enterprise.
Read more
Omnitech to raise $50 M for CAPEX buyouts
The company is about to do a capital raising exercise soon. The stock is up 10% and 8.5 lakh shares traded and it is at Rs 151 .The company has got an enabling a resolution from its shareholder board to raise USD 50 million for capital expansion (capex) and acquisitions.
“Omnitech is exploring various routes for the fund raising,” the company's Managing Director Atul Hemani told CNBC-TV18.
Read more...
Omnitech InfoSolutions wins " Speciality Continuity Recovery Company of the year 2009"
Mr. Avinash Pitale- Executive Director of Omnitech InfoSolutions recieved the award at the recently concluded India's First Business Continuity and Resilence Awards 2009 at Taj Mahal Palace and Towers.
Catch more glimpses of the awards and learn about other winners
Click here
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About this newsletter
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Dear {FIRST_NAME} {LAST_NAME},
This is an interactive Omni-Connect monthly newsletter brought to you by Omnitech InfoSolutions. The objective of this newsletter is to build a community for knowledge sharing on the latest technology trends and to bring you technology related news from around the world in a single snapshot. We are also introducing an exclusive new section for BFSI industry trends from this month's issue. We would be sending you the newsletter on a monthly basis. We would also welcome your inputs as comments and suggestions to make this newsletter more informative and useful for you.
Best Regards
Ayan Mitra - Head of Marketing - Omnitech InfoSolutions Ltd.
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| Success Stories |
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DISASTER RECOVERY AND BUSINESS CONTINUITY CASE STUDY-
For a leading BPO and KPO company
The client is a well-known and one of the leading BPO/KPO company established in 1980 in UK is now the number one outsourcing company in UK. Mirroring its best practices in business process management and tapping India’s talent pool, it aims to replicate its parent company’s success in India.
Click here to download case study (Pdf)
DATA CENTRE CREATION CASE STUDY
- For a leading registrar and share transfer agent
The company with its corporate headquarters at Mumbai is a leading Registry service provider servicing the largest number of Indian companies, as Registrar & Share Transfer Agent. The company is handling a large number of IPO's in India for past few years.
Click here to download case study (Pdf)
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BFSI Industry Trends
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Vietnam Growth and Banking Opportunities
Vietnam economy and its Banking sector are relatively young and small compared to the established economies of the world and the near Asian neighbors. What Vietnam lacks in size, it makes up in terms of growth and is one of the fastest growing economies in Asia behind the giants like India and China. The World Bank and economists alike predicts post the current global recession, Vietnam remains an attractive market for financial services and banking opportunities in year 2010 and beyond. This review aims to give a brief summary of Vietnam’s political, social and economic development history with a focus on its Financial Services and Banking industry.
Read More
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Technology Trends
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Commerce in a Box
One of the most comprehensive out of the box e-commerce solutions in the market today
Source: Anurag Shah (CEO-Omnitech InfoSolutions)
Whether a business is a start-up or a long-established corporation, conducting business through e-commerce is undoubtedly part of the daily routine in today's world. Electronic commerce or e-commerce allows us to cross borders and time zones in real time with a single mouse click. E-commerce involves the buying and selling of goods and services and the transfer of funds through digital communication.
During the internet boom, many companies rushed to build e-commerce sites to capture their share of the exploding demand for goods and services online. Fully developed e-commerce packages were not commercially available, or were unable to meet the requirements. As a result, these organisations had little choice but to invest in elementary, stand-alone solutions that were largely homegrown.
In many cases, organisations created their own search, content management, shopping cart and product catalogue capabilities. As they were pressured to establish an online presence quickly, though it was not yet clear what the strategic implications of e-commerce would be, most companies designed and developed their e-commerce platforms without taking into consideration their long term needs.
Over time, e-commerce has proved to be a viable and profitable sales channel and has demonstrated its potential to improve business in all other channels. Companies now view e-commerce as an integral part of their business strategies.
Unfortunately, homegrown ecommerce platforms fail to meet more sophisticated customer demands and prevent companies from realizing the full strategic benefits of e-commerce. Hence, there is a need for a robust, well-designed and comprehensive model of e-commerce to help such organisations exploit the full potential of online marketplace.
E-commerce in India
There is a tremendous scope for e-commerce in India. With the advent of the Indian IT industry, high real estate prices, time-starved lifestyles and growing preferences for credit cards, Indian customers are moving towards online shopping. New RBI norms after August 2009 have added a new security layer in online transactions, making Indian consumers more confident during online transactions, giving them the full benefit of online shopping.
E-commerce in India can be divided into two broad categories: travel and non-travel. Travel is the biggest e-commerce category in India contributing nearly 60 per cent of business. This segment includes train, airline, taxi and hotel bookings. Indian Railway Catering anf Tourism Corporation (IRCTC), which contributes to one-third of India's e-commerce industry, sold 38.7 million tickets (as of February2009) and estimated gross sales stand at Rs 3,400 crore, while India's total e-commerce industry stands at an estimated Rs 9,210 crore.
In the non-travel segment, categories which are showing growth potential in Indian e-commerce market include electronic gadgets, home appliances, music, movies, office supplies, software, photography, financial transactions, books, apparel, gifts, jewellery, beauty products and toys. Essentially, Indian consumers' online shopping behaviours are still need-drivenó they are only buying standard items. Some of the major barriers to e-commerce in the mind of the Indian consumers are: There are no guarantees of product quality, the absence of bargaining/negotiation power, No surety of security of transactions/fear of credit card misuse. The medium lacks the 'touch and feel' factor before ordering the product, apprehensions about delay in delivery, a lack of trust about online transactions, But with the rise of the screenager' generation, who are always online on their mobiles and laptops on social networking websites, it is essential for e-commerce websites to incorporate more features and become up-to-date to suit the changing Indian consumer profile.
Rise in demand of e-commerce, buying and building e-commerce solution and benefits of commerce in a box solution explained in an article covered by a retail magazine giant Retail Biz.
Read More....
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For your feedback and suggestion please email us on marketing@omnitechindia.com ,
Also please visit us on www.omnitechindia.com
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