ndia's IT and BPO exports are expected to grow by 33.47 per cent to $31.9 billion in 2006-07 from $23.9 billion
In the midst of a sluggish growth and fears of a recession in the US, National Association for Software and Services Companies has chalked out 6 areas of emphasis in the financial year 2009. Nasscom said Indian IT sector would achieve the $60 bn target in the next 2 years. Thrust areas for the industry include: community, collaboration, societal development, inclusivity, green IT, education and skill-building. Nasscom said US slowdown will not have any long term impact.
This is clearly the worst financial problem we've had since the Great Depression," as Joseph Stiglitz told a radio show in New Zealand on Wednesday morning.
Nasscom chairman Ganesh Natarajan on Bill Gates' legacy.
For the first time in three years, India will register lower growth rate, but some economists believe all is not lost.
The projected fall has been attributed to the US economic slowdown and the rise in international oil prices. Accordingly, the industry growth has been pegged at around 24 per cent for FY09. In FY08, total revenues including hardware were $48 billion which are expected to touch $64 billion in FY09. The total software and services revenue was $39.5 billion in FY08 and expected to touch $52 billion in FY09.
Ganesh Natarajan, deputy chairman and managing director, Zensar Technologies Limited has been appointed vice chairman, Nasscom for the current year.
India ranks third among global startup ecosystems.
The Global Indian Award is given to a person who has had an impact on and contributed in some way to the growth of the Indian and global economy.
Mittal, who is the head of services business of Hewlett Packard for Asia Pacific and Japan, will succeed Karin Karnik and will assume office from January 2008.
Around 25 per cent of the international real estate market in London also belongs to Indians with investments around 1 billion pounds.
News of all that's transpired on and off the football field
Inverting the whole idea of stock-picking is throwing up new winners and winning strategies.
Nasscom set up a task force last year, to position India as a global hub for providing cybersecurity solutions
National Association of Software & Services Companies President Kiran Karnik has said that information technology and business process outsourcing industry in India is beginning to see an 'opportunity loss' on account of the rupee appreciation against the dollar.
IIM Ahmedabad's CIIE signed a MoU with Tata Trust for founding partner for the Bharat Fund, which will provide seed funding to Indian entrepreneurs.
Next week, US Secretary of State John Kerry travels to India for the fourth annual US-India Strategic Dialogue
Nasscom's current president Som Mittal's term expires in January. However, Chandrasekhar, expecting to get the necessary approvals from the government soon, will start work from next month to get familiar with the organisation.
The NASSCOM report said Indian tech industry contributed more than $375 million to the US Treasury between fiscal year 2011-2015
Recalling Prime Minister Narendra Modi's visit to America, United States Congress member Tulsi Gabbard on Sunday described him as 'man on a mission' and as leader with 'plan of action' for India.
Major IT companies are battling a constant problem of people joining them using fake CVs. Tell us how you think they should handle the problem.
India's information technology sector would require nearly 500,000 professionals in the next five years to cater to the growing needs of this booming industry
The National Association of Software and Services Companies on Thursday announced the winners of the Nasscom Global Leadership Awards 2007.
Prime Minister Manmohan Singh will deliver the valedictory address on February 9
The top four European leagues will each have four guaranteed places in the Champions League group stage from 2018/19 under changes announced by European soccer body UEFA on Friday.
IT and ITeS sectors' contribution to India's GDP has increased by 4 times in the last 10 years, revealed a study.
Tata Consultancy Services is the top IT-ITES employer in India, followed by Infosys Technologies and Wipro Technologies.
Genpact has been ranked India's best third party ITES-BPO company, followed by WNS Global Services at the second spot and Transworks Information Services taking the third slot.
Stricter regulations in US forces industry to look at these countries with a market size of $300 billion
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The IT bellwether currently has about 28,000 employees in West Bengal in different facilities and it expects to recruit around 4,000 more in the current year.
Kiran Karnik, president of National Association of Software and Service Companies day hinted on Thursday at a possible slowdown in the momentum of India's information technology exports after 2010,due to the recent tax impositions on the sector.
Outsourcers will not migrate to China because of the sheer talent and English language proficiency in India, says Arun Seth, chairman, British Telecom India.
Growing protectionism in their main markets - the US and the UK - has forced them to hire local workers, upending the cost arbitrage model they had built their business on.
The race to nail the elusive sun has begun! In what was relatively a virgin market, Indian software companies are now making a beeline to enter the $200 billion Japanese software market.
The initiative comes in the wake of allegations in the US and the UK that the country's call centre workers have stolen and sold data processed by local outsourcing/BPO firms.
A Nasscom letter to US senators calls for attention to the fact that there is a considerable body of evidence pointing to the contributions made by H-1B visa holders to innovation and entrepreneurship in the US.
Europe is the second largest market for Indian IT-BPM industry.
Summary of sports events and persons who made news on Friday
Last week, Domenico Scala, head of FIFA's audit and compliance committee and the man responsible for overseeing the election, said it could take place any time between December and March.
The Indian animation industry is expected to grow at a CAGR of 25 percent during 2006-10
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