Genpact opens offices in Kolkata on 700,000 sq.ft of land and plans to employ 7000 people.
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.
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.
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 appeal of a Masters in Computer Application and how you can sign up.
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 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.
Mumbai and Bengaluru also featured among the list of top five global cites in terms of future rental growth.
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.
Having cleared over 200 special economic zone proposals, the Board of Approval will take up 46 fresh cases on Friday.
'And so, despite demonetisation, people in business feel safe with Mr Modi,' points out T N Ninan.
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 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.
"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.
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.
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.
The Janata Dal (S)-BJP coalition government in Karnataka is under fire for banning women from working on the night shift.
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.
Kapil Mishra was one of the closest aides of Delhi Chief Minister Arvind Kejriwal. However, in May 2017, the tides turned. A loyalist of the Aam Aadmi Party founder, Mishra shocked one and all by openly accusing him of corruption, a claim that the AAP dismissed. Since then Mishra has become one of the most prominent AAP rebels. In the face of the sit-in by Kejriwal, his deputy Manish Sisodia and ministers - Satyendar Jain and Gopal Rai at Lieutenant Governor Anil Baijal's office, Mishra spoke to Syed Firdaus Ashraf/Rediff.com and said that this is the first time in history that a sitting chief minister of a state in India has kidnapped himself.
People who are close to retirement and don't intend to go back to full-time work again should deploy a part of their VRS money in equities so that it keeps growing at a faster rate.
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.
The solutions developed by the company cover a broad spectrum, including helping recruiter's gauge the behavioural profiles of candidates during virtual job interviews and assisting in real-time translation in vernacular languages, among others.
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.
VCFs plan to disinvest their IT holdings to ITeS firms and gain from local markets
Indian real estate is benefitting from the integration of global architecture and design firms. What is driving this trend?
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.
The initial focus of the hub will be to formulate marketing strategies and create marketing deliverables for print and online.
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.
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.
Indian IT firms still have a way to go before they can stand up and be counted among the global giants.
In the knowledge economy they are a new retention tool.
The six IT majors -- TCS, Infosys, Wipro, Satyam, HCL Technologies and Congizant -- along with two BPO giants Genpact and WNS are recording a yearly growth rate of over 40 per cent, according to technology consultancy firm Everest Group. Apart from these big names, all the other smaller players are struggling at a growth rate of around 20 per cent a year, Everest Group CEO Peter Bendor-Samuel told PTI.
Only five sectors such as consumer internet companies, professional services, life sciences, automotive and consumer products are projecting double-digit increment.
Job portals are perhaps feeling jobless as the economic slowdown is making recruiters defer and limit their hiring plans.
Almost every IT, ITES, banking and financial company pays someone to read employees' outbound e-mails and attachments.
According to a survey by HR consultancy firm Ma Foi, employment generation by the hospitality sector will be the largest - an addition of 430,000 jobs, from 6.16 million in 2007 to 6.59 million in 2008. This will be followed by the health sector, which will offer job opportunities to 290,000 more people, from 3.32 million in 2007 to 3.61 million in 2008.
Brushing aside fears of a slowdown in the IT industry, the government on Thursday said the Indian IT-ITes/BPO (including hardware) sector's revenue is expected to grow at over 33 per cent in 2007-08.
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