Business Ideas

Electric planes
You might already be aware of his desire to built an electric aircraft, a plan wryly alluded to in the film Iron Man 2, in which Musk cameos--but in the interview he spoke of his thoughts behind the idea, too.
It was inspired by the retirement of supersonic airliner Concorde, which Musk rues he never got to ride. He notes that it's possible to go faster and longer at high altitude, though there's a limit for combustion aircraft due to low levels of oxygen higher in the atmosphere.
No such issues for electric aircraft, which Elon describes as being potentially "super efficient and super fast". And, as Musk notes, "With SpaceX and Tesla I kind of have the ingredients..."
Hyperloop
At the moment, there are essentially four methods of transport--aircraft, boats, cars and trains. Musk wants a fifth, which he dubs "Hyperloop".
He doesn't reveal a great deal, but the concept seems similar to the citywide tube system in the cartoon Futurama, where people can be whisked great distances very quickly and easily. Musk says he'd aim for a journey time of less than thirty minutes between downtown L.A. and downtown San Francisco, with a lower cost than any current journey option--thanks to inexpensive and clean solar power.
Other ideas
He doesn't stop there--among his other hopes for the future are cold fusion and a pre-fabricated, raised lane down the center divider of freeways for mass transit, speeding up journey times.
Elon also touches on other subjects, such as hydrogen fuel cells ("People at Tesla call them fool cells") and his retirement, which he wants to do on Mars.
We'd certainly encourage you to watch the whole video (just over an hour of it), even if it's not really about the subject most familiar to GreenCarReports readers, Tesla Motors. What it is, is a fascinating insight into the mind of a real entrepreneur--and one with even bigger ideas on the horizon.

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Facebook for iPad App Review

Although Apple has offered the iPad since 2010, it took it until now to release a Facebook app for iPad. This app is worth getting because it is designed specifically with the iPad in mind and allows you to take advantage of all your iPad’s features while using Facebook.
Features
Unlike other apps you might use to access Facebook from your iPad, the Facebook for iPad app allows you to use Facebook the same way you would use it on a desktop or laptop computer. The display is similar to Facebook for computers, with a status bar on the top informing you of your notifications and the news feed on the right side of the screen. You can tap any post to like or comment on it.
If you tap on a particular item on your news feed, such as a status you want to comment on, the iPad brings up a comment feed for that post on the right hand side of the page. You can then read through and like other people’s comments on the post.
You can also easily go to your page, read your notifications, or create a status by touching the appropriate areas of the screen. The iPad allows you to easily share photos or to check in to your current location just like the iPhone or other smartphones do.
Integration of iPad Technology
The best thing about the Facebook app is that it was built with iPad technology in mind. You can use your iPad’s built-in camera to take photos and share them directly from Facebook. The Facebook app also considers the iPad’s screen–the app can be oriented in either portrait or landscape, depending on how you hold the iPad, and the messaging system was designed with the iPad’s wide screen in mind. When you look at your messages, you see the friend’s name in one column and all of his or her messages in another.
Ease of Navigation
The Facebook app is fairly easy to navigate. There’s a bar on the left-hand side of your status bar that you can tap to bring up navigation options; you can easily tap through to see a friend’s profile, go to your own or read your messages. Friends are listed in alphabetical order when you tap on “go to friend’s profile;” however, you can easily navigate to the friend you want by taking advantage of the A-Z directory listing.
Ability to Multitask
One advantage the iPad app for Facebook has over the desktop version is that you can do several things on Facebook at once. For example, you can read and respond to messages without exiting your News Feed so that you can still catch up on what your friends are doing while you respond to a particular friend’s message. You can also chat with friends while browsing your news feed by swiping from right to left while using landscape orientation.
Make Plans Easily
The check-in feature on the iPad Facebook app allows you to see where your friends are checked in so that if they’re nearby, you can easily contact them and make plans.
Disadvantages
There are very few disadvantages to the iPad Facebook app. Since the iPad uses Wi-Fi technology rather than GPS, your check-ins may not be as accurate as you would like; otherwise, the Facebook app for iPad gives users a pleasurable experience that is comprable to surfing Facebook from a desktop or laptop computer.

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India's mid-tier information technology firms

MUMBAI: India's mid-tier information technology firms have reported better sales and operating profit growth compared to the biggies in the business at the aggregate level in each of the past five quarters, riding on their intrinsic strengths of operating in niche segments and strong demand in select verticals and bucking the trend of smaller companies taking a beating during a downturn.

At a time when industry leaders such as Infosys and Wipro have provided a sluggish future growth guidance, a clutch of mid-tier IT companies sound far more confident about growth in the next few quarters of FY13. Both analysts and industry officials reckon that this trend is likely to be maintained for at least the next couple of years, which could lead to an improved valuation of these companies.

An ETIG analysis of 17 tier-2 IT firms, which announced their financials for the quarter to June 2012, shows a growth of 38.4 per cent in revenue and an impressive rise of 78 per cent in net profit at the aggregate level from a year ago. For the top four IT companies - TCS, Infosys, Wipro and HCL Technologies - sales rose 33.5 per cent, while profit grew 43.4 per cent. Besides, half of the companies among the 14 tier-2 players that reported double-digit topline growth surpassed revenue growth reported by each of the top four firms, the analysis shows. 
Mid-tier companies such as Geometric, KPIT Cummins, Hexaware Technologies, Mastek, NIIT Technologies and Zensar Technologies reported a strong performance for the June 2012 quarter. In contrast, top tier players such as Infosys and Wipro reported deceleration in sales and profit growth. Though their relatively smaller scale of operations has indeed helped, the changing trend in vendor allocation by global clients, a favourable currency movement, and strong demand in select verticals, which are niche areas for medium and small IT vendors helped them record a stellar performance.

Industry officials also say that long-term management stability in these firms has been critical to their success. "The large players that are not doing well have seen management churn. If you look at mid-size companies that are doing well, they have all had consistent management," says Pradeep Udhas, who is partner and head of IT-BPO consulting firm KPMG. According to him, a stable leadership has helped the smaller companies to specialise and compete with large companies. What counts in the final analysis, he says, are leadership and the ability to be agile.

Select tier-two or mid-rung companies were also able to expand their operating margins against the backdrop of tight IT budget spending. "Compared with top-tier companies, small and medium firms have more levers to improve performance - be it tweaking of employee matrix to include more freshers or reduction in selling and administrative costs," says Angel Broking's IT analyst Ankita Somani.

She draws attention to the fact that historically, smaller IT companies had just over 10 per cent freshers in the employee pyramid compared to over 30 per cent for the top IT companies. A higher proportion of employees with less than three years of experience helps in bringing down operating costs.

The robust show of these companies has not gone unnoticed by the big daddies in the industry. Rajeev Gupta, president of Fujitsu Consulting India (FCI), the Indian arm of global IT solutions firm Fujitsu says that the smaller firms are more agile when it comes to projects worth less than $10 million. "The robust show of tier-2 firms is not only because of a depreciating home currency, it is also about the way clients have started allocating a chunk of their projects to smaller companies."

Global clients are now more than willing to open their doors to second-rung Indian IT companies that are more than willing to take up smaller assignments. "The large IT firms don't go after $5-10 million deals, which we are quite happy to accept," says Zensar Technologies' Ganesh Natarajan. Deals worth $50-100 million are fewer as companies are cutting back on spending or postponing investments, he says.

Their upbeat performance has also helped such companies control employee attrition rates. Most mid-tier firms, which announced results for the quarter to June, showed lower attrition rates. Hexaware, headquartered in Mumbai, reported 9.6 per cent rate of attrition, the lowest compared with 12-16 per cent reported by the top four IT firms. "We declared a salary increase of 10.5 per cent this year, but it is not only about money. Employees are excited about the kind of projects we are handling," says Hexaware's chairman Atul Nishar.

What has also helped is the renewed focus on the manufacturing sector, which has boosted the performance of companies such as Cummins and MindTree, thanks to the rebound in the manufacturing vertical. However, companies such as Persistence Systems, which focus more on discretionary solutions, are likely to report weak numbers. Companies such as KPIT Cummins have taken the inorganic route to enhance skill sets. KPIT's acquisition of Systime in May 2011 strengthened its enterprise solutions offerings and also provided it access to the Brazilian market. "Strategically, the acquisition fits very snugly," says KPIT's chairman Ravi Pandit.

Analysts reckon that the momentum will continue at least in the medium term, given the trend of clients slashing large deals into smaller tranches and engaging mid-tier companies during vendor allocations. "We are likely to see sustained performance by some of these companies, considering their strong order pipeline," says Angel Broking's Somani.

FCI's Gupta also says that the trend should continue for at least another two years. According to industry trackers, the smaller firms are often quick to adapt to the changing requirements of clients, helping them bag deals and expand the scope of services over a period. 

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