The new rules are aimed at providing a strong impetus to the industry and positioning India as one of the most competitive IT jurisdictions in the world.
'About 1.2-2 million people will be added to the IT-ITeS workforce by 2020.'
Mumbai continues to be the investment hotspot for the banking and financial sector.
Good intentions and elaborate roadmaps apart, there is an urgent need for the Tamil Nadu chief minister to come up with branded schemes like MGR's meal scheme, asserts N Sathiya Moorthy.
Tired of complaining about the employability of graduates in the country, individual IT-ITeS firms are now tying up with educational institutes to be able to hire more employable graduates.
The Customs clearance required for moving equipment like laptops, desktops, etc out of SEZ units was delaying things as the clearance had to be taken in person after a first level of approval online.
The projected increase for 2020 is lower than the average salary hike that graduates of top business schools have managed - at around 12 per cent.
A 2011 World Bank Survey clearly indicated that there is a severe mismatch between the actual requirement of IT-ITES industry and the skills of graduates passing out from various institutions pan-India.
Office space leasing in the Delhi-NCR region jumped more than three-fold to nearly 1.5 million sq ft during the January-March period, mainly due to higher absorption by IT firms in Gurgaon.
The government on Wednesday expressed disappointment over China not fulfilling its promise to import more IT, ITeS and pharma products, which could help reduce the hugely-tilted trade imbalance favouring Beijing.
As per the study of over 40,000 technical graduates by assessment technology company Aspiring Minds, a majority of fresh engineering graduates require additional training to be eligible for any job in the IT/ITeS sector.
According to a department notification, Tech Mahindra has approached the Board of Approvals under the Department of Commerce for transferring rights of three SEZs (one in Tamil Nadu and two in Andhra Pradesh) and the proposal will come up for a discussion before the BoA on August 30.
The attrition today stand at 17.24 points, according to the Employment Outlook Report for the January-March quarter of 2011 brought out by the TeamLease Services Private Limited, India's largest staffing company.
As per the Employment Outlook Report for the period April-June 2011, released by TeamLease Services Pvt. Ltd., hiring intent from IT and ITeS was the highest in cities like New Delhi, Mumbai, Hyderabad and Pune.
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According to KPMG India survey titled 'Managing currency and commodity risks' that was released today, a stronger organisational risk culture and greater support from the management are perceived to be the major areas of improvement for better risk management.
The task force constituted to suggest steps for stimulating growth in the IT, ITeS and electronics hardware manufacturing industries has submitted its recommendations.
The median gross hourly salary for men in India in 2018 stood at Rs 242.49, while for women it stood at around Rs 196.3.
The year 2010 has been good for India in terms of technology and 2011 holds the promise of taking the country one step forward in harnessing technology to make a dent in some of the problems that continue to challenge it.
"I think we have just started touching the IT space in Gujarat. In the wake of demand, we see business growing in 44 cities of the country, out of which Ahmedabad, Vadodara and Surat have clearly emerged on the top," Nasscom President Som Mittal said, while speaking at IT Summit-2010 organised in Ahmedabad.
As per the study of over 40,000 technical graduates by assessment technology company Aspiring Minds, a majority of fresh engineering graduates require additional training to be eligible for any job in the IT/ITeS sector.
The MHA on Friday, while extending the lockdown for two more weeks till May 17, lifted many restrictions in green and orange zones. There are no restrictions on sale of non-essential items by e-commerce platforms in green and orange zones, a home ministry spokesperson said, adding barber shops and salons are also allowed to open in these areas.
Beating market expectations, Infosys had reported a 13 per cent jump in consolidated net profit for the third quarter
The bank expects its order-book to grow led by an average 20-25 per cent growth in these sectors, Mantri said. "Infrastructure and pharma are expected to grow by around 20-25 per cent in 2009-10. Besides, we see a 15-20 per cent overall business growth in the SME (small and medium enterprises) segment," he said on the sidelines of an SME Expo.
The office space absorption in seven cities, Delhi-NCR, Mumbai, Kolkata, Chennai, Bengaluru, Hyderabad and Pune, rose 14 per cent during the July-September quarter compared with the year-ago period.
There have been numerous instances where employees were asked to leave when the information they have shared with the prospective employer has been found to be fraudulent. Background checks are getting more common as companies look to protect their interests and their clients' interests. So, watch what you claim on your CV.
The decision was taken at a meeting of the Board of Approvals held at New Delhi.
The government on Tuesday cleared nine fresh proposals for setting up special economic zones, most of which are related to IT and ITES, followed by the bio-technology sector.
The board of approval, headed by commerce secretary G K Pillai, will also consider requests from realty major DLF for de-notification of its IT-ITeS SEZs in Gujarat, Haryana, West Bengal and Orissa. Larsen and Toubro has proposed to set up an IT SEZ in Mumbai, while Gulf Oil Corporation has moved application for a similar tax-free zone in Bangalore.
In containment areas, movements of people is totally banned and essential services are delivered at the doorsteps.
The combined India domestic IT-ITeS market will grow by 15 per cent in 2010 to hit revenues to the tune of Rs 1,20,666 crore.
Projects worth over Rs 70,000 crore (Rs 700 billion) to upgrade technology have been kickstarted in the country.
The IT slowdown directly threatens the well being of other industries as well as India's IT cities. This impact has not necessarily been factored in, yet.
To lure the business process outsourcing and IT/ITeS industry, the Mayawati government in Uttar Pradesh has showered various sops. The realty sector, too, has been blessed with many relaxations.
Sources familiar with the project said the SPV's promoters were looking at raising the additional capital to acquire up to 250 acres at Thane to complete the first phase of the SEZ project, for which IL&FS is an advisor. Inox Infrastructure Private Limited, a wholly-owned subsidiary of Gujarat Fluorochemicals Ltd, holds 50 per cent stake in Megnasolace.
The Annual Tax Survey by Right Horizons, an investment advisory and wealth management firm, shows that financial planning among salaried individuals is by and large conspicuous by its absence.
The Indian arm of the Union for Information & Technology Enabled Services is planning to file a public interest litigation against the alleged 'arbitrary policy' of many Indian and multinational IT/ITeS firms in India who have, for the past two months, reportedly been enforcing longer working hours that violate the daily eight-hour working mandate of the Indian Factories Act, 1948.
The government on Thursday said the domestic IT sector has not recovered fully and is expected to grow by 5.5 per cent in 2009-10 against a growth rate of 16.6 per cent in the previous fiscal.
The policy proposes a single-window platform for facilitation of the Indian software product industry, to help fast-track legal and regulatory issues over import and export, as well as setting up and winding up enterprises.
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