"We have build our product on some of the trend that we have sensed are what is occupying thoughts of CTOs (chief technology officers) in the country. Some of these are around mobility, collaboration, cloud, security, green technology," Vinay Awasthi, senior product manager, Hewlett Packard India Sales said.
Hewlett-Packard on Tuesday said it is expecting a 30 per cent growth in printer sales in India this year.
The government has slapped a tax notice of Rs 1,450 crore on the computer-maker Hewlett Packard India for allegedly evading Customs duty, a charge which was refuted by the company.
HP has been charged with underpaying customs duties while importing products and spare parts.
Filling in the vacuum created by the high-profile exit of Neelam Dhawan, who quit Microsoft India to join Hewlett Packard (India) in June this year, the software giant on Friday announced the appointment of Rajan Anandan former Dell India head (Dell India VP and Country GM) as its new managing director.
"We will launch sub-Rs 20,000 PCs in the next three months," HP General Manager (Consumer Sales) V Krishnan told reporters in Kolkata on Thursday.
The US-based Palm, which is present in India, put itself up for sale, mainly on account of lukewarm response for its new offerings.
Their sights are on the subcontinent as Chinese sales begin to slow.
It is a leading global manufacturer of personal computers (PCs). However, given falling PC sales, Hewlett-Packard (HP), which gets over $3 billion in sales from its India subsidiary, plans to sharpen focus on making mobiles, and not PCs, the centre of computing.
HP, which regained the number one position from Lenovo in the December quarter, enjoyed 22.5 per cent share in the India's overall PC sales in the first quarter of this year, according to the latest data released by market intelligence and research firm IDC.
Hewlett Packard currently owns 60.5 per cent of BSE and NSE-listed Mphasis.
The apex court has settled the long-pending dispute between companies such as Samsung, IBM, HP & others and the tax department.
Sources said about hundreds of companies, including Facebook and Amazon, could seek tax refund because they import software for sale in India.
Blackstone on Monday said funds managed by the private equity firm will acquire a majority stake in IT firm Mphasis Ltd, triggering an open offer for acquisition of up to 26 per cent stake for about Rs 8,262 crore. A wholly-owned subsidiary of the Abu Dhabi Investment Authority (ADIA), UC Investments (Office of the Chief Investment Officer of The Regents, University of California) and others will co-invest along with Blackstone, a statement said. Based on the open offer subscription, the blended purchase price will vary between Rs 1,452 to Rs 1,497 per share (12-16 per cent premium to 12-month average price and 3-6 per cent discount to 6-month average price) and the purchase consideration will vary between Rs 15,200 crore to Rs 21,000 crore (approximately$2-2.8 billion), the statement said.
Engineering product firms were among the first to embrace AI and machine learning. And the early adopters are reaping gains.
The latest chips can deliver up to 15 per cent better performance than the previous generation, while consuming lower amounts of power.
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