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Zee
Interactive Learining Systems has announced two tie ups
involving the Bombay Stock Exchange and Electronic Data
Systems.
ZILS claims to have invested Rs. 500 million in its business
and aims at injecting another 500 million over the next
two years.
Reports
state that this year the company expects revenues of Rs.
450 million. By 2005-2006 the company is looking at business
of Rs. 5 billion. ZILS is aiming to grab at least 15 percent
of the e-learning market in the next few years indicate
reports. ZILS considers its arch rival to be Tata Infotech
with both companies looking at a 25 percent market share.
One of ZILS's new ventures involves Bombay Stock Exchange
Derivatives launching BSE's certification on Derivatives
Exchange (BCDE) web based On-Line Test at 50 Zed Career
Academies of across India. The test has been approved by
the Securities and Exchange Board of India (SEBI)
An official release informs that this test will benefit
capital markets professionals involved in the derivatives
trading such as brokers, sub-brokers, dealers and salespersons
in derivatives, mutual funds, foreign institutional investors.
The facility will enable the market participants to comply
with the SEBI guidelines. As per the guidelines at least
two people should be certified in the institutions dealing
with trading in derivatives.
Speaking on the joint venture with BSE CEO ZILS Dilip Mahapatra
said, " The scope of this partnership is immense, as SEBI
has made it mandatory for all brokers, sub-brokers, FIIs,
Derivative Dealers, Mutual Funds and all other institutions
trading in derivatives to have at least two professionals
certified in Derivatives".
Candidates who wish to take the fortnightly test can register
themselves at the nearest Zed CA centre. The list of centres
for registration is available on www.zcaonline.com the release
states. Certificates will be issued by BSE Training Institute
to students who have successfully completed the test.
Participants can take a demo test before the actual test.
They will be given an analysis of their performance through
a graphic display. The ZILS test engine known as LITMUS,
also offers administrators the flexibility to set the parameters
like random or sequential generation of questions, single
or multiple-choice selection of answers. It also helps to
program the logic of the test including the difficulty levels
of the questions.
In a related developement ZILS also announced that it would
provide back end support to Electronic Data Systems. EDS
claims to be a $21.5 billion US based IT services company.
ZILS will create content as well as customise it for EDS.
According to Dilip Mahapatra the contract is time bound
contract with a revenue sharing arrangement. The alliance
with EDS is part of ZILS's endeavour to create a space for
itself in e-learning by setting up the infrastructure to
deliver, manage and access content. .
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