Google Drive: Will You Drop Dropbox?

Although rumors have been flying since 2007 about Google offering a hosted storage solution, the Wall Street Journal is reporting that Google is finally set to launch its new storage service in the next several weeks. The service, which is named Drive, will utilize Google’s cloud-based storage to allow users to easily store and share files between multiple computers and mobile devices.

The new product is expected to provide native syncing and will allow users to drag and drop a file and immediately access that file on multiple devices. In addition, the Drive will allow people to easily share music, documents, and video files by simply providing other people with a link.

Although Google is expected to provide Drive free of charge to most businesses and consumers, there will likely be a small fee for users that choose to store a large amount of data. Google has not provided answers regarding the quantity of storage included with the free accounts, but the free service is expected to significantly exceed the 2 GB that Dropbox offers its free users. In addition, additional storage for Drive is expected to cost only a small percentage of what Dropbox currently charges for extra storage. For example, Google currently provides GMail, Picassa, and Google Docs users the opportunity to purchase additional storage space for only $5 per year per 20 GB.  When contrasted with the Dropbox Pro 50 Plan, which costs $10 per month for 50 GB, the pricing of the new Drive service looks very attractive. However, similar to Gmail, Google is expected to subsidize Drive with highly profitable advertising.

Although Google’s entry to the cloud-based storage market is late, they are hoping to compete with Dropbox, Apple’s iCloud, and Amazon’s service by leveraging their current user base and pricing the competition out of the market. Google’s first challenge is actually launching the product this time! If they do, will you drop Dropbox?

Sources: Search Engine Journal

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NSE launches online MF trading platform

First off the block, The National Stock Exchange (^NSEI : 5122 +89.3) (NSE) on Monday launched its online trading platform for mutual funds with a tie up with UTI Asset Management Company (AMC).

This will allow investors in the mutual fund industry to transact through 1.5 lakh terminals of NSE located across 1,500 towns and cities. Apart from allowing investors to purchase mutual funds units at the same days, investors have an added advantage of getting their units allotted in demat mode in addition to the existing physical mode as per their choice.

UTI AMC is the first fund to provide this facility to investors after the market regulator Sebi had issued the necessary framework for trading in MF units two weeks ago.

Interestingly, after its tie-up with NSE, UTI AMC has received more than 300 applications for its various schemes , garnering a total amount of Rs 75 lakhs.

Market participants said that top fund houses in India that includes Reliance mutual Fund, Birla Sun life, ICICI (ICICIBANK.NS : 887.2 +19.35) and Franklin Templeton Asset Management Company, among others, have already approached NSE for using this platform to offer trading facility to the unit holders of their mutual fund schemes.

"The extensive reach and access to NSE terminals across regions will further bridge the gap between the MF and the people from the remotest part of our country desirous of investing in mutual funds," said Ravi Narain, MD and CEO, NSE.

"The arrangement with NSE will facilitate quicker settlement of transactions and provide a single window to demat holders for their investments," commented UK Sinha, chairman and managing director, UTI AMC.

Source:- http://in.biz.yahoo.com/091130/50/bauocv.html