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.
The project will see remote management of all the utilities from a single city command.
India's information technology industry is estimated to cross Rs 1 lakh crore in 2004-05 and employ over 10 lakh knowledge professionals, according to Nasscom.
'About 1.2-2 million people will be added to the IT-ITeS workforce by 2020.'
India's IT and ITeS exports are poised to touch the $50 billion mark by the year 2008, IT and Telecom Minister Dayanidhi Maran said on Thursday.
Recruitment activity in India is poised to improve this year, driven by sectors such as IT and ITeS, after hiring remaining largely unchanged in December from a month earlier.
In an environment marked by high employee attrition and turnover, a majority of Indian IT and ITeS firms have positioned their compensations above the market median
Investments totaling over $9.5 billion in Jio Platforms by a clutch of private equity firms, following social media giant Facebook's $5.7 billion mid-April investment in the company, helped overall.
Even at the entry-level, professionals who have proficiency in emerging technologies will have an edge over others in these domains.
Mumbai continues to be the investment hotspot for the banking and financial sector.
Job portal Monster.com's employment index rose to 136 in April as compared to 133 in the previous month.
Indian IT industry could touch a total revenue of $15.5 billion in 2004 against $12 billion last year, according to National Association for Software and Service Companies.
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.
The year saw 30 QIP deals raising over $5 billion and 35 IPOs.
India must diversify its services trade away from low-cost programming if it is to remain an IT-enabled hub.
Last year, it was not just the economy that slowed hiring. Employers were also unable to complete the verification process because of the lockdowns, resulting in delays in hiring and an increase in discrepancies between an employee's professed abilities and the reality. The experience is driving many companies to automation. In a recent EY survey, 56 per cent of the companies said they'd automated their processes, while 72 per cent felt technology could be leveraged to digitise employee records.
Private Equity investment in Q1, 2015 witnessed a year- on-year jump of 30 per cent to $2.6 billion.
According to the Manpower Employment Outlook Survey, about 27 per cent of Indian employers said they would expand the workforce in the April-June quarter, primarily driven by ITeS and IT sectors where employer hiring intentions appears to be improving.
More people are opting for services industry over the traditional ones.
Budget expectations 2013: IT sector.
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.
Secret wartime papers exchanged between MI5 officials have revealed that the Nazis' plans to conquer Britain included a deadly assault on Sir Winston Churchill with exploding chocolate.
The Finance Minister is slated to announce on Thursday the budget proposals for the next fiscal.
Designer Uday Kuckian on why BCCI chief N Srinivasan should feel inspired to present his own version of Chennai Express
The IT Investment Region (ITIR) proposed to be developed in Hyderabad in two phases over a period of 25 years, will create an employment potential of 1.5 million, according to state information and communication technology (ICT) minister Ponnala Lakshmaiah.
The stamps were printed in 12 to a sheet and more than 206,000 stamps were produced. It is believed the error was made on three sheets.
A time has thus come when state encouragement for rural students led to empowerment of the socio-economically marginalised sections of the population. It included women. Today, with greater exposure and consequent enlightenment, it has gone beyond 'empowerment' to become 'entitlement', says N Sathiya Moorthy.
In its mid-year review, the software association Nasscom has revised its forecast for software and services exports (IT & ITeS) for the current fiscal year of 2012-13 to 11 per cent, from the 11-14 per cent range indicated at the beginning of the year.
