Karnataka, India's largest software exporting state, is targeting software and services export worth $6 billion in 2004-05 riding on the IT and ITeS growth besides aiming to add an additional 100,000 professionals in the next two years.
'And so, despite demonetisation, people in business feel safe with Mr Modi,' points out T N Ninan.
In the last couple of months, the IT and BPO space has seen a big uptick in M&A activities, with companies merging with other entities to become bigger players.
Only five sectors such as consumer internet companies, professional services, life sciences, automotive and consumer products are projecting double-digit increment.
The IT industry is expected to contribute 30 per cent of all foreign exchange flows into the country by 2008, Minister for IT and Communications, Dayanidhi Maran said.
In contrast to the growth on IT and ITeS front, disbursements of venture capital and public equity funding halved to $540 million during 2003 in India
Terming India as one of the top two strategic markets, global communications network major AT&T Business Services will set up its fourth node in Chennai in first quarter of 2005.
The government has prepared a draft of the Data Protection Act, which would help protect data and confidentiality of businesses in the country, a top official of the information technology department said on Thursday.
West Bengal government hopes that Infosys Technologies will follow in the footsteps of other IT majors in setting up its development centre in the state.
Bangalore topped the list of space occupied by the industry during January-March 2004 with 2 million sq feet.
New job generation in Mumbai declined by 28 per cent in the April-June quarter this year to over 13,100, while Chennai saw a decline of over 21 per cent to just over 8,000 new jobs in the quarter, the study said.
The Indian IT market grew 26 per cent year-on-year in 2004 to touch Rs 95,277 crore (Rs 952.77 billion), according to a study by consultancy firm Skoch.
Brent hit a session high of $114.69 a barrel, its loftiest since September last year.
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.
Mumbai witnessed the sharpest decrease in new launches, at 43 per cent during 2014, followed by Hyderabad, with a 30 per cent drop.
The Congress will only survive if it can transform into something more like the BJP used to be: A coalition of strong state leaders held together by shared ideology or personal loyalty, suggests Mihir S Sharma.
Thailand, Indonesia want unconditional access to India's multi-brand retail space.
India urgently faces a shortage of around 200,000 IT and ITeS professionals. The shortage is bound to grow to 3.6 million in the next eight years.
The average salary of a content manager with less than a year's experience is Rs 369,000 per annum.
Senior Congress leader Jairam Ramesh puts it succinctly: "Arun Jaitley was every non-BJP person's favourite BJP-ite."
The government needs to make the right policies and further execute them properly if it wants to move towards this goal
The government's increased thrust on investment and continued focus on job creation in India gives the sense of an improving job market scenario in the coming months.
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On a month-to-month basis, the index improved by 3.14 per cent in June.
Across 10 prominent services, revenue to the government reduced by 20 per cent in the first year of GST compared to the last year of the service tax regime. This happened despite tax liability against these services growing by 50 per cent in one year.
