The tax holiday awarded by the Union Budget to healthcare and IT sectors has been greeted with enthusiasm. Major hospital chains had already announced plans to expand in tier 2 cities. The tax holiday has proved to be an added incentive. India needs 3.1 million new hospital beds in the next 10 years. The tax-holiday benefits are available for all new hospital projects except the ones coming up in cities like Delhi, Mumbai, Kolkata, Chennai, Hyderabad, Bangalore & Ahmedabad.
Global information technology giant Hewlett-Packard (HP) is set to launch its special lines of products, targeting women and the youth in India.
"Valentine's Day is an established gifting occasion in India today and for many working people, shopping online especially for unique products allows them the opportunity to make the occasion special for their loved one," says Ambareesh Murty, director, Marketing & Operations, eBay India.
The required skills have become higher, creating opportunities for a more specialised workforce in this sector. For long, a job with a business process outsourcing (BPO) company has been looked upon as a stepping stone to another, longer-lasting career. Such has been the attrition in the industry.
IT vendors make hay on robust demand for managed security software applications.
Better marketing, more recyclers needed, say hardware makers.
Techtribe, Yellojobs and Reffster score over jobsites like Naukri and Monster in quality of recruitment.
An expected reduction in import duty for such devices in the coming budget session is expected to almost halve the prices of PNDs that currently sell for around Rs 20,000 on an average -- the import duty of over 30 per cent accounting for a major chunk of the cost.
Historically, IBM has always been actively involved with delivering solutions for the differently-abled, like its Model 1403 Braille printer, developed in 1975, or its talking typewriter for the blind in 1980, followed by a talking display terminal in 1981.
Under the scheme, small and medium enterprises (SMEs) and technology start-ups can apply for reimbursement, up to a limit of Rs 15 lakh, for the costs incurred in filing international patent applications. This scheme applies for their indigenous inventions in the electronics and information, communication and technology (ICT) domain.
The central government is likely to extend the Software Technology Parks of India (STPI) scheme beyond 2009 only to Indian information technology-enabled services/business process outsourcing (ITeS/BPO) firms. A proposal to this effect has been included in the 11th Five-Year Plan document, which will be put up for the approval of the National Development Council, headed by the prime minister, on December 19.
Large companies are targeting niche players in the market to add to their portfolio.
The herculean effort and complexity involved in getting IT-BPO employees and employers to register - coupled with the high costs incurred in the process - is likely to force IT industry body Nasscom to miss its March 2008 target of 500,000 registrations for its National Skills Registry (NSR) by a huge margin.
New Delhi-based e-learning company Educomp Solutions has worked on a novel business model under which it will invest over Rs 2,000 crore (Rs 20 billion) to "enable" setting up around 150 schools over the next four years.Under this model, Educomp will earn its return on investment by providing intellectual property (IP) for the schools through its Educomp School Management programme and leasing infrastructure through its subsidiary Educomp Infrastructure.
Rohit Kapoor, COO and co-founder, EXL Service, talks to Business Standard about the company's third-quarter performance, growth plans and outlook.
To encourage innovation, IT industry body Nasscom and ICICI Knowledge Park are setting up a $25 million venture capital fund to help startups that are in the intellectual property space. The fund -- to be registered with market regulator Sebi -- will look after the brick-and-mortar costs of startups.
Situated in a special economic zone in Noida, HCL Technology's upcoming campus is spread across 46 acres of land. The half-constructed new HCL tech-hub provides a picture of the grandeur that is to follow as the campus is scheduled to be completed in the next five years.
With the US dollar poised to go below Rs 38 mark, the future looks bleak for the small infotech companies. Even as the nearly $40 billion information technology industry is still trying to stabilise itself from the impact of the rupee exchange fluctuation, since most of their business comes from overseas, the roots of smaller companies have been shaken further.
Indian IT service providers are increasing their exposure in the healthcare and pharma segments. Multi-million dollar deals in this space by IT firms over the past three-four months only buttress this trend. Healthcare outsourcing has moved away from just undertaking medical transcription and business process outsourcing (BPO) work to core functions such as drug discovery, testing, research and development.
The process started from October 6, and trademark owners have the chance to register domain names in the new .asia top-level domain (TLD), prior to a general release of .asia names in 2008. With the support of 73 countries in the region, .asia is looking at means to bind the Asian community.
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