Contact Your Financial
Adviser MONEY MAKING MC
05 July 2016
 |
| Housing Sector(The Total Investment & Insurance Solutions) |
Saddled with huge unsold inventory, the number of new
launches across eight cities in the housing market reduced by nine per cent in
the last six months, real estate consulting firm Knight Frank India said on
Tuesday. The
Total Investment & Insurance Solutions
"New launches reduced by nine per cent in six months
from 117,200 units in H1 2015 (first half year of 2015) to less than 107,120
units in H1 2016," a firm's report said.
The number of new launches in the last three years across
the top eight cities registered the lowest point as developers became cautious
because of the huge unsold inventory that has been piling up since 2013, the
report said. The
Total Investment & Insurance Solutions
The eight cities are Ahmedabad, Bengaluru, Chennai,
Hyderabad, Kolkata, Mumbai, NCR (National Capital Region) and Pune. The Total Investment &
Insurance Solutions
However, there was a 7% growth in terms of sales in the
January-June period this year as the number of units sold jumped to 135,015
units from 126,615 units in the same period last year. The Total Investment &
Insurance Solutions
The unsold units available in the market have reduced by
7% to less than 660,240 units in the first six months this year from 710,340
units in the same period last year, according to the report. The Total Investment &
Insurance Solutions
"Housing segment is recovering as sales have been
rising, new launches have reduced and inventory pressure has eased off
significantly in the last six months," firm's Chief Economist and National
Director-Research Samantak Das said.
Among new launches, the NCR witnessed the sharpest drop
of 41% year-on-year (y-o-y), followed by Chennai and Pune at 36% and 32%
respectively. Mumbai recorded a growth in new launches by more than 29% y-o-y
in January-June period.
Price growth across all the cities remained muted during
the last six months, the report said. The Total Investment &
Insurance Solutions
In the office segment, there was a 12% growth in the
transaction volume across the top six cities of India. The Total Investment &
Insurance Solutions
Transactions increased from 17.9 million sqare feet in H1
2015 to 20 mn sq ft in the latest six-monthly period, the firm said. The Total Investment &
Insurance Solutions
4..Indian businesses lost $1 mn from data
loss in one year: EMC-The Total Investment & Insurance Solutions
Contact Your Financial
Adviser MONEY MAKING MC
05 July 2016
Indian businesses
lost over $1 million from data loss and downtime in the last 12 months, a
survey by EMC Corporation -- the world's largest data storage multinational --
revealed on Tuesday. The
Total Investment & Insurance Solutions
"Organisations are getting better at protecting
themselves against traditional threats to data but new threats mean that
despite progress, more businesses are losing data than before," said Ripu
Bajwa, Country Manager-Data Protection Solutions at EMC in a statement. The Total Investment &
Insurance Solutions
Highlighting the growing challenges of protecting data,
the research commissioned by EMC and carried out by technology market research
provider Vanson Bourne revealed that average cost of data loss to Indian
organisations was more than $114,000 while globally, the costs was more than
$914,000.
In India, 46% of organisations suffered unplanned system
downtime and/or data loss due to an external or internal security breach, the
study found.
While majority (over 80%) of businesses think that their
organisation's current data protection solution will not enable them to meet
all future business challenges, Cloud is changing the game for Indian
organisations when it comes to data protection.
In India, on average, 34% of organisations have their IT
environment in public Cloud and more than 60% organisations believe that not
all their data stored in the Cloud is protected. The Total Investment &
Insurance Solutions
"Our customers are facing a rapidly evolving data
protection landscape on a number of fronts, whether it's to protect modern
cloud computing environments or to shield against devastating cyber attacks.
Our research shows that many businesses are unaware of the potential impact and
are failing to plan for them, which is a threat in itself," noted David
Goulden, CEO, EMC Information Infrastructure.
Nearly half (54%) of organisations surveyed in India were
not very confident they could fully recover their systems or data in the event
of data loss or unexpected systems downtime. The Total Investment &
Insurance Solutions
Moreover, only 42% of respondents said they were
confident that their solutions would be able to keep pace with the faster
performance and new capabilities of flash storage.
Ransomware is dramatically raising the stakes when it
comes to cyber security.
"We're moving from theft, which is costly, to
potential catastrophe. There are forces at play now that aren't satisfied with
just stealing your money; they want to destroy your entity. You can either
start taking these threats seriously or start looking for a hole to crawl
into," Goulden added. The Total Investment & Insurance
Solutions
To address the threats, EMC has announced to launch a new
"Isolated Recovery Solutions" line to help organisations "air
gap" a protection instance of their data from the networked enterprise. The Total Investment &
Insurance Solutions
The EMC-sponsored global research survey covered IT
decision-makers at 2,200 organisations to index data protection maturity,
threats and trends.
ranks from 2014) and tracking and tracing (up 24 ranks
from 2014). It has shown modest improvements in international shipping (up five
ranks from 2014) and timeliness (up nine ranks from 2014). However, it is worth
noting that India has moved up since 2014 in all key six indicators used to
compute international LPI. This shows that despite the trade shrinkage due to
prevailing international conditions, Indian logistics providers are seeing
improvements in customs procedures, tracking of shipments and improvements in
infrastructure within the sector. The Total Investment &
Insurance Solutions
Third, the domestic LPI offers rich insights on how a
country is perceived by its logistics providers. This has two key dimensions
namely -- environment and institutions and performance. In the first aspect, an
astounding 63% of respondents feel port charges are high in India. Similarly,
on the quality of infrastructure, a massive 60% feel roads are low quality/very
low quality in India. For sources of delays, maritime transshipment is seen by
36% of the respondents as a major cause of delays.
On the performance aspect, India needs to improve its
performance on the percentage of shipments meeting quality criteria, which is
at 68.7%. These responses clearly lay out areas where governments at the
central and state levels have to improve over the long term.
In the years ahead, India should aim to improve
performance along key dimensions on the international as well as domestic LPI,
where it is relatively a laggard. These include focusing on the timeliness of
shipments and on removing infrastructural bottlenecks and improving the quality
of infrastructure. It has done well on this year's Index owing to the
commitment to improve connectivity with the world. Hopefully in the years
ahead, along with focusing on Make in India there is also a commitment to Move
in India.
The Total Investment &
Insurance Solutions
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