Other than Gujarat, Odisha and West Bengal, call centres would come up in Assam, Manipur, Tripura.
Across 10 prominent services, revenue to the government reduced by 20 per cent in the first year of GST compared to the last year of the service tax regime. This happened despite tax liability against these services growing by 50 per cent in one year.
The $108-billion Indian IT-ITeS sector provides employment to about 3 million professionals.
While sale of residential properties increased only marginally despite plethora of steps taken by the government through the year, office space leasing rose 40 per cent to touch an all-time high of 46.5 million sq ft -- a trend that drew investors to lap up India's first Real Estate Investment Trust at an issue size of nearly Rs 5,000 crore.
PE investment so far in 2014 stood higher at $ 8.4 billion as against $ 7.8 billion in 2013, with 38 per cent higher volumes in 2014 as compared to 2013, led by the technology sector.
Home sales in the top 10 cities - Ahmedabad, Bengaluru, Chandigarh, Chennai, Hyderabad, Kochi, Kolkata, Mumbai Metropolitan Region (MMR), National Capital Region (NCR) and Pune - have declined at a compound annual growth rate of 8% since 2011.
India Inc is likely to witness attrition rates of up to 25 per cent in 2015, thanks to an upbeat job market and improved economy.
Indian IT-BPM industry raked in revenues of $119 bn in 2014-15.
'The reason the protests are not happening in Mumbai, Bangalore, Chennai, Hyderabad, Gurgaon and Noida is that there are options available to the youth in those cities. And many people can access this sort of job because most of them are armed with English, integrating them into the global economy. This is something not available to most youth in Gujarat (the government schools do not teach English till Class 5),' says Aakar Patel.
IT firms are training employees of their clients and even aspiring IT professionals, in order to create fresh revenue streams amid shrinking deal sizes in traditional software maintenance, says Ayan Pramanik.
Most offers are coming from regular recruiting firms and sectors led by consulting, analytics, IT and finance.
Infosys' spending on research and development has registered a decline.
Locations such as Chembur, Ghatkopar, Navi Mumbai and Andheri will be the future growth centres.
The decision was taken in the meeting of the Board of Approval headed by Commerce Secretary Rajeev Kher on September 18.
The Monster Employment Index for the month of August stood at 153, registering a 25 per cent jump over the same period a year ago, when the index level was at 122.
BPO is going to generate employment in all small cities.
'There is large-scale sacking, and salaries in smaller companies are lower than the minimum wages of Rs 18,000 a month.'
Delhi and neighbouring Noida in Uttar Pradesh, too, are studying Gurgaon's no-car Tuesday model.
IT sector may have to face tough times ahead.
Led by the booming e-commerce sector, private equity investments in India surged over 17 per cent with deals worth $ 11.49 billion
The e-commerce sector's usage of commercial spaces was about 4.2 million square feet of the total of 17.5 million sq ft consumed in the first half of 2015.
The Development Commissioners have recommended to the Board of Approval to cancel these SEZ projects.
Total exit value breached the $10 billion mark for the first time to touch $10.3 billion this calendar, from $9.4 billion in 2015
BPO, which is growing at 12 per cent annually in the country, is expected to touch $50 billion by 2020 from the present $21 billion.
In a first-of-its-kind initiative in the country, the Mumbai Police has started tracking public views and sentiments on social media platforms to step-up its preparedness in handling sensitive issues and protests.
Even as outsourcing demand from Europe revives after the debt crisis, data protection regulations in the region governing trans-border data flows could hurt the $108 billion Indian IT-ITeS industry.
Clamping down on the delays in repatriating foreign exchange earnings, the Reserve Bank of India (RBI) has tightened norms for special economic zones (SEZs), asking them to realise and bring back full value of goods and services to India within a year from the date of export.
Mumbai and Bengaluru also featured among the list of top five global cites in terms of future rental growth.
Renting start-ups make a killing as millennials fuel sharing economy.
IT major TCS said 2014-15 will be better than the ongoing fiscal on account of uptick in client spending in the US and Europe and growth in demand for technologies like cloud, mobility and Big Data.
At a time when others are cutting on development of commercial property, plans to add 50% more of IT space.
'The fact that housing units worth a whopping Rs 4.5 lakh crore in top seven cities are stuck under various stages of non-completion indicates that there is a dire need to create stress-asset fund which will help bail out lakhs of distressed homebuyers,' says Anuj Puri, Chairman, Anarock Property Consultants, a real estate services company.
Infosys on Friday said it is in discussion with clients for a contingency plan to ensure business continuity in the event of the US immigration reforms bill becoming a law.
Kolkata excels in business performance with employee headcount and number of engineering students doubling in the last five years.
New job generation in Mumbai declined by 28 per cent in the April-June quarter this year to over 13,100, while Chennai saw a decline of over 21 per cent to just over 8,000 new jobs in the quarter, the study said.
Prices in most areas have been stagnant but some regions are showing reasonable appreciation.
India is today one of the top locations for semiconductor design and embedded software, but it remains hidden under a generic and misleading name, IT/ITES services.
Taking the supporters of Telangana supporters by surprise the Union government has given its nod to the ambitious Information Technology Investment Region proposal for Hyderabad which envisions an investment of Rs 2.19 lakh crore in and around the city over the next 25 years.
Let the world know you are strong enough to achieve anything. The layoff hurdle is nothing but a matter of time, says an anonymous reader, who shared his 'layoff lesson' with Rediff.com.
EduBridge is emerging as a strong player in training unemployed youth.
