The report is based on data collated from 5 large angel groups.
According to ESC's Eastern Region Chairman S Radhakrishnan 20 IT/ITes non-competing companies located in New York and Chicago would be handled in the first phase. Each year, the expenditure for such centres would be about Rs 2.5 crore (Rs 25 million) and run for three years, Radhakrishnan told reporters in Kolkata on Wednesday.
Not a single Indian insurance company offers a comprehensive anti-cybercrime policy for the corporate sector. In India there are few takers for cybercrime insurance primarily because of the high cost vis-a-vis their exposure. These policies are of a high value and, on request from a few brokers, are customised for banks. Cybercrime policies in the US cover e-theft, denial or impairment of e-service, e-communication, e-vandalism, e-threat and fraudulent e-signatures.
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.
HR managers are resorting to innovative ways to harness and retain talent as the market is witnessing demand-supply constraints.
Images from stories that shaped the week gone by.
Overall, the survey shows that salary increases across industries at 14.8 per cent are roughly the same as last year (14.5 per cent).
Genpact opens offices in Kolkata on 700,000 sq.ft of land and plans to employ 7000 people.
Visakhapatnam is one of the fast-emerging tier III cities of India and is in a position to be the next IT destination in Andhra Pradesh. Availability of skilled labour, infrastructure, and comparatively cost-effective real estate in the city makes Vizag the next emerging IT-ITeS hub after Hyderabad. It is expected to be one of the next growth drivers over the decade, according to Jones Lang LaSalle Meghraj (JLLM).
Innovation can add an additional USD 50 billion to the revenue pools of Indian IT and ITES industry by 2012, a new study released on Wednesday said.
The appeal of a Masters in Computer Application and how you can sign up.
Gujarat may have missed the IT/ITES bus earlier, but the two upcoming IT/ITES SEZs by K Raheja Corp and DLF are all set to drive the growth of the industry here. As many as 50 companies are likely to set up shops in the two parks coming up in Gandhinagar.
The $108 billion Indian IT-ITeS industry is also witnessing the rise of tier II and III cities like Kochi, Ahmedabad and Kolkata as product hubs.
The central government is likely to extend the Software Technology Parks of India (STPI) scheme beyond 2009 only to Indian information technology-enabled services/business process outsourcing (ITeS/BPO) firms. A proposal to this effect has been included in the 11th Five-Year Plan document, which will be put up for the approval of the National Development Council, headed by the prime minister, on December 19.
The Indian IT and IT-enabled services industry is expected to grow at 10.8 per cent in 2009, the lowest in the last five years, due to the global economic meltdown, a report said.
Having cleared over 200 special economic zone proposals, the Board of Approval will take up 46 fresh cases on Friday.
The Kerala State IT Infrastructure Limited is planning to set up an IT city and IT parks across the state, which would have a seating capacity of 200,000 people by the year 2015. KSITI will promote these projects through the public-private partnership model. N Radhakrishna Nair, director, KSITI and chief executive officer, Trivandrum Techno Park, said that Kerala, which was promoting tourism as 'God's own tourism country', now want to promote it as 'God's own e-state.'
The decision was taken by an inter-ministerial Board of Approval.
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.
Said CII southern region chairman P K Mohapatra, "Though the construction industry employs about 31 million people, second only to the agriculture sector, the workforce requirement is about 5 million people every year over the next seven years to eight years to sustain the present 8 per cent growth rate."
The media breathed life into the MNS which did not take off at a trajectory which would make it an electoral challenge to any political party... It gave him the cause. Strange, but true. And also tragic.
The Rajasthan Venture Capital Fund (RVCF), which has a corpus of Rs 100 crore (Rs 1 billion), would focus on innovative projects in the small and medium enterprises (SME) segment, such as the IT/ITeS, bio-technology, retail, tourism, hospitality and entertainment sectors.
Tepid growth in verticals like banking and finance, healthcare, retail and automotive will drag overall IT spends in the current year, reports Debasis Mohapatra.
"ITIRs were conceptualised keeping in view the need to boost the growth of both IT/IT enabled services (ITeS) and Electronic Hardware Manufacturing (EHM) units," an official statement said. These regions would become major magnets for investment, creating employment opportunities and economic growth in the area while reducing the pressure on existing urban centres by enabling growth of new townships, it added. The ITIRs will be much larger than IT SEZs.
The Janata Dal (S)-BJP coalition government in Karnataka is under fire for banning women from working on the night shift.
In its latest report for second quarter 2008, Jones Lang LaSalle Meghraj said that though Indian office markets have continued to post growth over the past few years, the last few quarters have seen a polarisation in the office markets in terms of growth in demand across the country. It has categorised the office markets across six major cities -- Mumbai, Delhi NCR, Bangalore, Chennai, Hyderabad and Kolkata -- in three broad segments.
In containment areas, movements of people is totally banned and essential services are delivered at the doorsteps.
Under its IT/ITeS SEZ development plan, Electronic Corporation of Tamil Nadu (Elcot) is setting up nine IT SEZs in Tamil Nadu, developing 1 million sq ft space at an estimated cost of Rs 28,000-30,000 crore (Rs 280-300 billion) - one each at Perumbakkam village and Sholinganallur near Chennai, two in Madurai, and one each at Tiruchirapalli (Trichy), Krishnagiri, Salem, Coimbatore and Tirunelveli.
while Mumbaikars spend a smaller proportion of their incomes on food, beverages and tobacco (33.2 per cent) than Surat-ites (37.5 per cent), the total market for food, beverages and tobacco products in Mumbai in 2007-08 was Rs 28,590 crore (Rs 285.90 billion) as compared to a much smaller Rs 6,600 crore (Rs 66 billion) in Surat.
As you move higher up the corporate ladder, there is a growing need for you to at least gain a fair amount of proficiency in areas other than your core competency. And that's where certification programmes come in.
With a gradual erosion in valuation of mid- and small-sized IT and IT enabled services firms on the stock markets due to rupee fluctuations and a US slowdown, experts estimate as much as 50 per cent rise in merger and acquisition deals in the domestic IT industry over the next 12 months.
Indian real estate is benefitting from the integration of global architecture and design firms. What is driving this trend?
VCFs plan to disinvest their IT holdings to ITeS firms and gain from local markets
The initial focus of the hub will be to formulate marketing strategies and create marketing deliverables for print and online.
Currently, the US contributes 40-45 per cent of the total IT/ITeS outsourcing and offshoring business in India and is the single largest market for India's IT/ITeS business. The real estate sector's growth is fuelled by demand. In India, the demand is derived mainly through shift in global economic conditions. Thus any change in the real economy will have an impact on the physical real estate (construction or ready office space) market.
Millennium Telecom, a joint venture company of two telecom PSUs Mahanagar Telephone Nigam Limited and Bharat Sanchar Nigam Limited has floated a Rs 1,600-crore (Rs 16-billion) tender to lay a submarine cable between India and South East Asia, the landing station for which would be located in West Bengal. "The cable landing station for this cable would be set up at Digha in West Bengal," the department of telecommunication has informed the state government.
Around 35 per cent of Bangalore's corporate citizens fall in the medium health risk category and are likely to be affected by at least one among the ailments like hypertension, diabetes and cardiac disorders, a health study indicated.
Indian IT firms still have a way to go before they can stand up and be counted among the global giants.
Golf Course Road in Gurgaon symbolises smart new India like almost everything does in this Haryana boom-town. Swish, glass-cladded IT, ITeS offices; big, and bigger, malls; and a series of premium, gated residential complexes along the broad, dusty avenues here -- DLF BelAir, Parsvanath PrideAsia, EmaarMGF's Palm Springs, etcetera, etcetera. It is thus only fitting that something called "Street of Dreams" should be located along this road.
The effects of the sub-prime crisis and the resultant slowdown of the US market is evident on the margins of Indian information technology (IT) and IT-enabled Services (ITeS) firms. Business process outsourcing (BPO) firms such as Firstsource, Pune-based HOV Services, Zenta, Aegis BPO and others have been receiving inquiries from existing as well as new customers for ramping up their account receivables management (ARM) business.
