Satyam's newly-appointed CEO A S Murty has received a thumbs up from the company's board, which is "very happy" with the way he has shaped up so far in dealing with the evolving situation in the firm.
There were also reports that the board might opt for an open bidding process, which will bring in the much-required funds into the company. The board will also insist that only companies with a good track record can bid for the company. However, this could not be confirmed.
The appreciation of rupee as against the dollar does not augur well for the growth of IT and ITES industry, which was engaged in a dialogue with the government to partially offset the impact through setting up more IT export clusters, Nasscom said.
India's software services industry, which has been battling tougher market conditions, wants the government to restore a tax benefit in the annual Budget on Friday.
The National Association of Software and Services Companies and the Business Software Alliance have joined hands to check software piracy, which resulted in the loss of $367 million in 2004, in India.\n\n
The National Association of Software and Services companies has adopted a multi-pronged strategy to overcome the backlash following New Jersey State's ban on business process outsourcing from India.
IT software and services sector firms continue to be on a roll and very much on track to meet the $60 billion exports target by 2010.
National Association of Software and Service Companies on Monday condemned the arrest of e-commerce portal Baazee.com's CEO Avnish Bajaj in the Delhi Public School MMS scandal.
The National Association of Software and Service Companies has embarked upon a new initiative to check cyber crimes, for which the apex body of software professionals would team up with police force of major IT cities in the country.
IT industry body Nasscom has asked the government to set up special or fast track courts for early conviction in cyber crimes matters.
Nasscom, the apex body for IT software companies has sought changes in the SEZ Act for the benefit of small firms which constitute a significant number in the industry.
The National Association of Software and Service Companies on Monday said the Indian software and services sector will post a 28 per cent growth in 2003-04 at $12 billion in revenues, compared to $9.5 billion in 2002-03.
Indian animation industry has a potential to touch earn a revenue of over $1.5 billion by 2005 compared to the current $1 billion
The Indian manufacturing sector has the potential to emerge as the global hub, especially on account of its skilled manpower, advanced technology and software expertise.
Software exports from India will attain the $50-billion target by 2008 as situation is conducive, even though the industry requires to post a 33 per cent growth in the coming years, National Association of Software and service Companies has said.\n\n\n\n
India's business process outsourcing industry will soon be edged out by the emerging knowledge processing or KPO sector as the biggest revenue grosser, according to an industry expert.
Indian software and services exports achieved 25 per cent growth during the fiscal year 2002-03, touching a revenue of $9.5 billion.
The apex body said that the annual Indian software and service exports was expected to reach $50 billion by the year 2008 and of this Japan alone would account for three to four billion.\n\n
Predicting that the Indian IT industry was likely to add two lakh employees this year, Nasscom president Kiran Karnik on Tuesday said the association was working on the image of BPO industry and would create a data base of people in the industry.
National Association of Software and Services Companies has signed a pact with Nasdaq, electronic stock exchange in US, to assist Indian companies to raise capital and get listed in American capital markets.
With the Finance Minister deciding against holding pre-Budget meetings this year, this series tries to look at what leading businessmen, economists and politicians wanted to tell the minister
To further strengthen the global brand equity of Indian software industry and address issues of concern in other countries, Nasscom has embarked on a global communications campaign.
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.
The apex body of software and services companies in India, Nasscom, on Monday said it was focussing on ways to promote development of more software products.
The National Association of Software and Services Companies said on Friday that the rupee appreciation would not affect the software export growth target of 26-28 per cent during the 2003-04 fiscal.\n\n\n\n
In line with its earlier projection, Indian software exports are on track to grow at 26-28 per cent during the current fiscal, Nasscom president Kiran Karnik said on Tuesday.
The US move to reduce the number of H1B visas to 65,000 from 195,000 will affect the Indian information technology industry in the long run, Kiran Karnik
The rising value of rupee against the US dollar is likely to make a two to three per cent dent in export earnings of Indian software companies in the first half of the current fiscal.
The Indian IT and IT enabled services exports from India are seeing a good traction and the rate of growth is expected to be between 30-35 per cent in 2005-06.
Amid the controversy over the introduction of a bill proposing to ban L1 visas under which intra-company transfers take place to the US, Tata Consultancy Services said on Wednesday that though the company is concerned about the situation.
Software and services exports from India are expected to grow 34 per cent year-on-year in 2004-05, two per cent more than the target set by National Association of Software and Service Companies.
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