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Strategies & Market Trends : India Coffee House -- Ignore unavailable to you. Want to Upgrade?

To: ratan lal who wrote (4341)	5/24/1999 12:12:00 PM
From: Mohan Marette	Respond to of 12475

India Internet news ASIA India Survey Shows Demand For 1/2 Million Accounts By A. Nair InternetNews India Correspondent [May 19, 1999--MUMBAI] There is an immediate demand of around 500,000 new Internet connections in India, according to a survey conducted by the National Association of Software and Service Companies (Nasscom). ....... asia.internet.com ========================= HDFC Bank Builds Secure E-Commerce, Net Banking By A. Nair InternetNews India Correspondent [May 17, 1999--MUMBAI] The Housing and Development Finance Corporation (HDFC) Bank is building a secure payments gateway for e-commerce. Also planned is full service Internet banking in June 1999 and smart cards. The bank also plan to offer the facility to purchase goods on-line once its Internet banking is up and running through tie-ups with other web merchants. Apart from this, the bank is also expanding to cities like Vijaywada, Mysore and Jaipur and expanding its ATM (automated teller machine - easily translated to any time money) network by adding 30 ATMs over the current fiscal. About 10 per cent to 15 per cent of its ATM's are likely to be off-site ATM at areas like petrol pumps....... asia.internet.com =================== Prudential Sets Up Indian Finance Portal By A. Nair InternetNews India Correspondent [May 24--MUMBAI] Prudential ICICI Mutual Fund, after experiencing the success of it web site, has set up India's first personal finance portal for retail Indian investors, IndiaInvest. Says Rajni Bakshi, senior vice president-marketing, Prudential ICICI Asset Management Co: "We already have a corporate Web site where investors can download application forms of our open ended schemes and access their fund accounts via the Net using a secure O-Pin that is allotted to them." .......... asia.internet.com ========================= Price Waterhouse Coopers Looks To E-Commerce In India By A. Nair InternetNews India Correspondent [May 20, 1999--MUMBAI] A serious area of concern for Price Waterhouse Coopers (PwC) in India is e-commerce, with particular interest in the use of technology for trading. ''The disintermediation process brought about by the Internet raises basic questions as to what the existing players ought to do to survive and thrive,'' according to PwC partner European Financial Services Arun Aggarwal. The trend towards consolidation will continue as the global marketplace integrates into a single market until there are only a few major global players left, he added. ''In comparison to other industries, the financial services industry is still in many regards very fragmented and with the commoditisation of markets, scale will become key,'' he said. According to Aggarwal, scale is needed also because the reduction in margins and intensifying competition necessitates increasing investments in technology............... asia.internet.com