The booming ITES-BPO industry, faced with shortage of talent and high attrition, is trying to now attract under graduates.
The recent 'revelation' by TN fishers freed by Sri Lanka after they had paid up Lankan rupees 50,000 each in fines, that their hair was tonsured in prison and they were forced to remove their garments other than the underpants, and were also made to clean toilets, as if with vengeance, has touched a raw nerve this time, just as another issue or issues had done it ahead of the Jallikattu protests, observes N Sathiya Moorthy.
Domestic IT and ITeS market is likely to reach Rs 1,10,000 crore mark in 2008, as revealed in a study.
The IT and ITes sector will contribute to seven per cent of the country's GDP by 2007-08 from 4.8 per cent in 2005-06, a senior government official said on Wednesday.
While Nibin Maxwell, from Kollam in Kerala, was killed in the attack, two other Keralites -- Bush Joseph George and Paul Melvin -- were injured and are hospitalised.
The IT and ITeS sectors expect a reduction in minimum alternate tax (MAT) and dividend distribution tax in the next month's Union Budget, a senior economist said on Tuesday.
In an online chat with Get Ahead readers on April 26 Sunder Ramachandran of WCH Training Solutions guided them on how best they can improve their employability skills to get meaningful employment in the IT/ITES sector. Here is the unedited chat transcript.
The Indian information technology and related services industry is predicted to become a $100 billion plus industry by 2011, growing at a compound annual growth rate of 18 per cent, states an IDC report.
Every rupee spent by the IT-ITeS sector (on domestically-sourced goods and services) translates into a total output of Rs 2 in the economy.
The Indian Embassy in Israel issued an advisory on Tuesday, urging its nationals to move to safer areas in the country, a day after a missile fired from Lebanon killed one Indian and injured two others.
According to IDC report 'India Domestic IT/ITeS Market Top 10 Predictions for 2009', the country's IT/ITeS market growth rate is expected to fall to 16.4 per cent in the coming five years till 2013 from an average of 24.3 per cent during 2003-08. This slower rate of growth will see enhanced competition leading to a rapidly changing strategy and continuous market re-alignment on the part of players, IDC said in a statement.
Indian IT-enabled services companies can attain high profitability in the long term and growth of such services will be highly sustainable, according to report by CRIS INFAC, subsidiary of CRISIL.
They remain a popular choice for the young generation and offer numerous job opportunities for graduates from various backgrounds.
Genpact has been ranked India's best third party ITES-BPO company, followed by WNS Global Services at the second spot and Transworks Information Services taking the third slot.
R Karthik Shekhar took the lead to float the Union for Information and Technology Enabled Services in September 2005.
White-collar hiring witnessed an 8.6 per cent annual decline in September, following a negative trend in sectors including IT, BPO or ITES and FMCG, a report said on Monday. On a month-on-month basis, however, there has been a growth of almost 6 per cent in job postings. In September, there were 2,835 white-collar job postings, down by 8.6 per cent compared to the same month last year when 3,103 jobs were posted, according to Naukri.com's monthly 'Naukri JobSpeak Index'.
The Rs 10,000-crore (Rs 100 billion) Hero group on Thursday spun off its IT-enabled services unit into an independent company to facilitate the division's initial public offering and acquisition plans.
IT companies are dependant on headcount for their revenues and fringe benefits forms a part of the compensation payable to employees.
Companies wanted continued fiscal support from the government in form of extension of the provisions of section 10 A/10 B of the Income Tax Act 1961, according to the results of the study released on Friday. The income tax holiday under sections 10 A/10 B are set to expire on March 31, 2010.
A survey of more than a 1,000 plus salaried IT/ITES taxpayers from Bangalore, Chennai and Hyderabad has revealed interesting facts about how they plan their taxes, medical insurance, life insurance and investments.
Investors shunned shares of Bajaj Finance on Friday, a day after the non-banking financial company (NBFC) reported a sharp contraction in its net interest margin (NIM) for the March quarter of the financial year 2023-24 (Q4FY24). The losses accounted for a fifth of the benchmark S&P BSE Sensex's 609-point loss. Most brokerages have tamed their earnings expectations for the next couple of quarters, after the management said it expected the pressure on NIMs to continue in the near term.
The company, which serves financial services, telecom and white goods verticals and has overseas presence including offices in US and UK, is also looking at entry into newer verticals besides going public soon. \n\n
The writing has been on the wall for some time. Exodus of senior leadership and growth behind its peers are reasons that have prompted Thierry Delaporte, the chief executive officer (CEO) of Wipro to resign, analysts said. Delaporte, Wipro's seventh CEO, also resigned without completing his five-year term, like his predecessor Abidali Neemuchwala decided to end his tenure prematurely in 2020. Phil Fersht, HFS Research CEO and chief analyst believes the change in leadership was at least six months overdue.
The missile hit a plantation in Margaliot, a moshav (collective agricultural community), in the Galilee region in the north of Israel around 11 am on Monday, Zaki Heller, spokesperson for rescue services Magen David Adom (MDA), told PTI.
The net leasing of Grade-A commercial office space in India will stagnate this financial year at 32-34 million square feet, with global uncertainties brewing caution among key tenant categories, according to the latest Crisil Ratings report. Major seven cities in India - Bengaluru, Chennai, Hyderabad, Kolkata, Mumbai Metropolitan Region (MMR), National Capital Region (NCR) and Pune - had Grade-A office space with an operational stock of around 705 million square feet as of March 2023. India's commercial office space is dominated by technology companies, with information technology (IT) and IT-enabled services (ITeS) companies occupying 42-45 per cent of the operational stock.
Pirojsha Godrej, 43, patriarch Adi Godrej's son, is set to take over as chairman of the Godrej Industries Group from 2026 whol Nyrika Holkar, Smita Godrej Crishna's 42-year-old daughter, has emerged as the face of the Godrej Enterprises Group.
Buoyed by growth in exports and strong domestic demand, the Indian IT-ITeS industry has recorded $39.6 billion in revenues in 2006-07, up 30.7 per cent against a projected growth of 27 per cent, according to Nasscom.
Information technology and IT-enabled Services will continue to drive the employment generation in the country for the quarter July-September 2005, according to a Ma Foi Employment Survey.
'These companies hired in high numbers last year and are balancing that out this year by recruiting fewer freshers.'
'You have to have commitment to both, but it has to be done at the individual level.'
As much as 86.64 per cent of Mumbai's population has developed antibodies against coronavirus as per the latest sero-survey, the Brihanmumbai Municipal Corporation (BMC) claimed on Friday.
India's value proposition and overall shift towards offshore information technology and IT-enabled services will lead to an annual growth rate of 35 per cent in the sector.
In recent times, more and more audit firms have challenged company managements, some going to the extent of resigning on the ground of incompatibility with what the management wanted or was doing. This, said Ajay Bhushan Pandey, chairman of the National Financial Regulatory Authority (NFRA), in a media interview, was a good sign. Now, the national accounting watchdog has turned the spotlight on audit firms themselves.
'The end of WFH has made achieving work-life integration more challenging for women.'
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