Manufacturers Association of Information Technology on Tuesday demanded that excise duty should be halved to eight per cent to provide necessary tax incentive to the languishing sector.
Indonesia, Malaysia, the Philippines, Singapore, Thailand and Vietnam--now ranked among the top 20 offshoring locations, the report said.
Labour cost advantage associated with offshoring information technology services to countries like India, China and the Philippines, are declining.
At TiE-ISB Connect, our focus is to nurture and guide the next generation of business leaders.
The government has created a comprehensive budget with sharp focus on sustaining economic activity and investment but more clarity is needed on areas like taxation framework for adopting remote working on a long-term basis, IT body Nasscom said on Monday. The industry association noted that the IT/ITeS (Information Technology-enabled Services) industry has been a key driver of growth and jobs in 2020 and there is an opportunity to significantly accelerate it further. "For the IT sector, one of the biggest needs ahead of us is the development of future business models, with hybrid working becoming a reality. "We look forward for the government to provide clarity on providing a framework in direct taxes and indirect taxes for the industry to adopt WFH/remote working on a long-term basis," Nasscom said in a statement.
Information Technology's trade body National Association of Software and Service Companies will revise its industry growth forecast in the first week of December. Though the industry would be able to meet the $60-billion target for 2010, the body may revise software exports growth forecast downwards by few percentage points for 2008-09 due to the US financial turmoil.
As per the detailed project report, submitted to the Union HRD Ministry by National Association of Software and Service Companies, each new IIITs will come up in partnership with a group of private companies. Each IIIT will have a capital base in which the government's contribution will be less than that of the partnering companies.
India Inc has suffered a massive loss of over Rs 43,000 crore (Rs 430 billion), in the recently concluded financial year due to non-availability and mismanagement of power, a study says.
The personal computer sales during the first quarter ended June 30, 2003 crossed 640,000 units, a growth of 26 per cent over the year-ago period, according to the Manufacturing Association of Information Technology.
Nasscom has recommended that Jammu, Dehra Dun, Chandigarh, Delhi, Lucknow, Patna, Shillong and Kolkata should host the new institutes.
Attacks on cyber cafes to protest against the controversial content of websites will adversely affect the Information Technology industry, according to an Internet service providers' body.
At least 38 per cent, or 8.3 million square feet, of its projected commercial space of 21.4 million square feet in its six parks will thus remain indefinitely on hold. The rentals from all these parks were expected to generate revenues for its AIM-listed associate Unitech Corporate Park, which has invested pound 317 million to acquire majority stakes in all the six seed projects in return of leasing rights.
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
A powerful senatorial committee on Wednesday is set to consider a bipartisan resolution to recognise Arunachal Pradesh as an integral part of India, pushing back against China's military aggression to change the status quo along the Line of Actual Control.
Better marketing, more recyclers needed, say hardware makers.
On the sidelines of the India-ASEAN summit, Prime Minister Singh might also have bilateral meetings with some of the leaders.
Sales of PC declined by seven per cent to 67,90,000 units from 73,40,000 units in 2007-08, an annual review by the Manufacturers Association for Information Technology said. Sales of desktops declined four per cent at 52.7 lakh units. The net book appeared to be better insulated from the prevailing market sentiment with sales of netbooks exceeding 70 thousand units in fiscal 2008-09.
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.
Payal Tak, CEO of Telesis Corp, a US-based company providing IT services to the US government, will start academic courses for call centre employees.
The Reserve Bank of India is likely to formulate guidelines on outsourcing banking activities by July to improve regulatory oversight for risk management of this segment.
Indian businesses are changing to deliver better value to customers and maintain their position in a fiercely competitive scenario using information technology, according to a survey conducted by University of California in association with IIT, Bomb
This has been facilitated by the launch of StarReferral by Global Talent Metrics, a talent research company with offices in Bangalore and Chennai, in association with i-mint, the consumer rewards programme pioneered by Loyalty Solutions and Research Ltd. StarReferral, an online employee referral programme, is a Web 2.0-based service that combines the power of social networks and the reward point system to help employers source better candidates to fill the vacancies.
The first state visit of Prime Minister Narendra Modi to the US is likely to be a defining moment for Indo-US relationship and both sides are working on a robust outcome document that may take up matters that would decide the contour of the bilateral ties for decades to come, according to people familiar with the planning of the high-profile trip.
Sales of PCs are likely to reach 72.5 lakh units this fiscal following a steady demand from various industries.
India's first advanced semiconductor fab facility would come up in Hyderabad, with Andhra Pradesh overtaking close contenders Karnataka and Tamil Nadu in the race.
With better infrastructure and quality human talent, Chennai fares better than Bangalore in attracting new investments from business process outsourcing and software firms
Australian Prime Minister John Howard will visit India sometime early next year. \n\n
The resistance to outsourcing of jobs in the US may continue even after the November presidential elections, a representative of the United States' IT industry said in Chennai on Friday.
Amid demands for expulsion of arrested West Bengal minister Partha Chatterjee by Trinamool Congress leaders, the party convened a meeting on Thursday evening.
"After the order, GUDA has started the work of reopening the shops," advocate for the shop owners Pinakin Rawal said.
Information technology firms that announced a boycott of the city's annual IT exposition protesting poor infrastructure received support from National Association of Software and Service Companies
Their favourite alternatives: Malaysia, Vietnam and the Philippines. Note, India is missing from that list. And this is despite an attractive financial incentive scheme for OSAT players. The reason, said a senior executive of a US chip company who had a meeting in Taiwan just a few weeks ago, is that "they want more predictability in government policy because they plan to put in big money."
The seventh annual Nasscom ITES-BPO strategy summit commences in Bangalore on Tuesday.
The Delhi police on Tuesday arrested two persons including NewsClick founder Prabir Purkayastha in connection with a probe in the portal's foreign funding, officials said.
