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Dell disclosed yesterday that it was preparing to enter the Smart Phone business, adding to the escalating competition as mobile handset and computer makers converge on one of the only parts of the personal technology market still showing strong growth and profits. Confirmation of Dell’s long-rumored intentions in the mobile market came as China Mobile showed off a model of a Dell Smart Phone running Google’s Android operating system. Dell described the handset as a “proof-of-concept prototype” and said that the company was working with the Chinese mobile operator on launch plans. Dell did not disclose further details or timing.

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China’s industrial output up 10.8% in July

China’s industrial output rose 10.8% in July from a year earlier, after gaining 10.7% in June, the Chinese National Bureau of Statistics told LTN Tuesday.

It is the second time since September last year that output saw double-digit growth after the government put in place powerful fiscal and monetary policies to boost economic growth.

The July growth rate was 3.9 percentage pts lower than a year earlier level, but 0.1 percentage pt higher than June. The first seven months saw the growth of industrial output at 7.5% from a year earlier, higher than the 7 % for the first half of Y 2009 In July, the output of heavy industry rose 11.3% and light industry was up 9.2 %. Read more

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The Indian Planning Commission is expecting the economic growth rate to marginally move up to 7% in the current fiscal year despite the monsoon casting its shadow on agricultural output, said an official on Tuesday. “I think economic growth during 2009-10 should be between 6.5 and 7% and it will be quite a good outcome,” Planning Commission Deputy Chairman Montek Singh Ahuwalia told reporters here. Noting that the recent pick-up in the industrial sector will have positive implications for growth in the current fiscal, he said, “On the agriculture side, the news is less good than what we hoped.” “There is still deficiency in different parts of the country. It is too early to tell its effect on the country as a whole. But of course individual states can have problems,” Ahluwalia said replying to questions on the impact of the bad monsoon on farm sector growth. Noting that growth projections of various think tanks vary between 6.7 and 7 percent, while some indicating more than 7% economic expansion, he said that this would not be bad under current circumstances. Having grown by over 9% in three consecutive years, economic growth slipped to 6.7% during 2008-09 fiscal year, mainly on account of the impact of the global financial crisis on the country.

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