HSBC Global Asset Management today said its emerging markets assets have crossed USD 100-billion.
HSBC Global Asset Management classifies emerging markets assets as those investments in countries within the MSCI Global Emerging Markets Index.
HSBC Global Asset Management's Chief Executive, John Flint, attributed this success to proven investment capabilities, along with the strength of the HSBC brand and its extensive footprint in emerging markets.
"The world's centre of gravity is moving toward the emerging markets and HSBC has for many years been at the forefront of providing quality investment solutions," Flint said in a statement here.
"We now have two distinct opportunities for growth within our emerging markets businesses. The first is to develop investment product for domestic clients in the high growth emerging economies. The second is to develop product to facilitate portfolio flows from the developed world to the emerging markets," Flint said, adding, "during 2011 we plan to launch a range innovative capabilities and products that will capitalise on both of these opportunities."
HSBC Global Asset Management has more than 200 dedicated emerging market investment professionals located across 18 key locations.
"The achievement reinforces the HSBC Group focus on emerging markets globally. The Group is committed to its India business as it is one of the key emerging markets and India is a significant contributor to our global emerging markets assets," HSBC Asset Management(India)'s Chief Executive Officer, Vikramaaditya, said.
New Delhi: Computer experts have so far failed to untangle the web cast by a group of hackers from Pakistan on India's premier investigating agency CBI's internet space resulting in a 'dead' website which is not working even after 10 days of the cyber attack.
The website of the agency which collapsed after being attacked by hackers identifying themselves as "Pakistani Cyber Army" on the night of December two is still not operational, causing major embarrassment to the Central Bureau of Investigation.
The experts of the CBI and National Informatics Centre who are trying to bring back the website to normal are finding the job too complicated because of software programmes used by the hackers, official sources said.
The experts are also looking at any possible worms or programmes that might have infested the systems of the agency and which may make them vulnerable to being tracked by hackers again, they said.
The sources said efforts are on to incorporate more security features to prevents any such attacks in future.
When contacted, officials of the agency refused to react on the developments.
The home page of the CBI website had a message from the 'Pakistani Cyber Army' warning the Indian Cyber Army not to attack their websites.
The hackers have made a mockery of the country's cyber security by infiltrating into the CBI website, supposed to be one of the most secured sites. The CBI is connected to the command centre of world police organisation -- Interpol -- 24x7.
The message from the hackers also spoke about the filtering controls provided by the National Informatics Centre (NIC), a body which mans computer servers across the country.
Intelligence agencies have been often warning the government that proper cyber security was not being ensured in government offices and that no security audit was being carried out.
The Pakistani Cyber Army has also warned that it would carry out "mass defacement" of other websites..
Although the ADA group company does not see a 'tariff war' in 3G services, the launch of broadband services by Reliance Infotel will be the most important factor in determining the tariffs for high-speed data services
Telecom services provider Reliance Communications (RCom), which launched its third generation (3G) services in four cities today, has said that it does not see any 'tariff war' similar to 2G voice services in the newly-launched 3G service.
Syed Safawi, president and chief executive for wireless business at RCom, said, "The tariff war that was witnessed in 2G voice services is now subsiding. In the past several weeks, no one has reduced call tariffs drastically. This, I believe, would become applicable to 3G tariff as well and I do not see any kind of tariff war in this segment."
However, not many (in fact, only four companies, including state-run MTNL and BSNL) have launched 3G services. The Indian government has restricted the number of 3G services providers in a circle to four, one of which has to be a state-run company. As of now, Tata DoCoMo and RCom, are the only private telecom players who have launched 3G services.
Other companies waiting in the wings to roll out broadband wireless access (BWA) services across the country are Reliance Infotel Ltd, a unit of Reliance Industries Ltd which was the only company to win the recently-concluded BWA on a pan-India level. Therefore, the launch of broadband services by Reliance Infotel would be interesting to watch out for any likely tariff war in the high-speed internet space in India.
RCom has said it would offer simple and transparent tariff plans without any hidden charges, in the range of Rs199 to Rs499 per month. Its current tariffs for 2G voice and SMS will remain unchanged, RCom said in a statement.
Currently, all telecom companies earn over 85% of their revenues from voice-based services while the rest comes from non-voice-based or value-added services, including data. "In the next few years, RCom would earn about 30% of its revenues from non-voice services," Mr Safawi said.
RCom, which won the license to provide 3G services in 13 circles, today launched its services in Mumbai, Delhi, Kolkata and Chandigarh. The company will roll out the 3G services in 13 circles, where it holds the license, by the end of FY2011, said Prashant Gokarn, head for 3G services, RCom. "The company is targeting a national footprint of Reliance 3G services through associations with other like-minded, quality 3G licensees in the balance nine telecom circles, during the course of next year," he added.
Mr Gokarn said, RCom's 3G network is capable of offering peak speeds of up to 21 megabits per second (Mbps) and the network can be upgraded to provide services of up to 42Mbps in future. RCom's 3G network has been designed to offer blanket coverage in every town being connected on 3G, with all its 3G sites connected through IP backhaul to provide maximum download speeds and minimum latency, he added.
While the existing subscribers of RCom can access and use the 3G network on their supported device, they can opt for Universal Subscriber Identity Modules (USIMs), which are known to be super secure SIMs for mobile commerce related applications. The company said there is no need for its current subscribers to change their SIM cards and that they can access 3G services depending upon their handsets.
At present, there is not a single company that offers a mobile handset to support speeds of up to 21Mbps. However, RCom is offering a dongle (USB modem) that has the capacity for such high speeds while using it with a laptop or desktop computer.
RCom has collaborated with Nokia for devices, with Facebook, Nokia and Ericsson for applications, and with Universal Music for content and Motricity for the Web portal.
Earlier in May 2010, RCom emerged as the winner in 13 telecom circles during the 3G auction, including the key metros of Delhi, Mumbai and Kolkata. RCom holds 3G licenses in the telecom circles of Delhi, Mumbai, Kolkata, Punjab, Rajasthan, Madhya Pradesh, West Bengal, Himachal Pradesh, Bihar, North East, Jammu and Kashmir, Orissa and Assam.