Multinational software firms like Microsoft, SAP and Oracle -- which license software and earn royalty on it from Indian customers -- are facing the heat from assessing officers if they have not paid taxes on the gross royalty income. According to a ruling by New Delhi-based commissioner Income Tax (Appeal), Microsoft has to cough up over Rs 700 crore in taxes and interest for the period 1999 to 2005.
The revenue of Indian software market was at $4 billion in 2014.
Together with the firm's partly-paid shares that were issued in the recent rights issue and are traded separately, the company had a combined m-cap of Rs 13.5 lakh crore or over $181 billion.
Blame it on improved business climate, restructuring within companies or just the basic need to pursue better opportunities -- the Indian information technology industry is seeing heavy churn at the top.
After Research In Motion (owners of BlackBerry), the home ministry will now turn the screws on Microsoft, Google, IBM and Oracle. These companies provide technology and services for the virtual private networks (VPNs) run by various operators in India. The government will ask them to conform to regulation that allows intelligence agencies to lawfully intercept data. Failure to do so could result in the termination of VPN services by operators using their technology.
The Korean giant Samsung will be hiring them.
The Dataquest-IDC best employer top 20 list is made up of a mix of firms Indian IT firms and the India development centres of software multinationals.
While today is an extended holiday for many employees in the IT sector who are enjoying the long weekeed, it is not a total shutdown across India.
Another report by Oxfam had found that eight billionaires, including Bill Gates, from around the globe have as much money as the 3.6 billion people who make up the poorest half of the world's population.
The list was topped by Oracle's Larry Ellison last year.
The proposal will impact US-based companies like IBM, Hewlett Packard, Microsoft and Oracle that have overseas operations in countries like India.
Most large American companies earn more than 50 per cent of their revenue from markets outside the US and will be affected by the proposed tax reforms. Business groups in the US had assailed the proposal, arguing it would subject them to far higher taxes than their foreign competitors must pay and ultimately endanger US jobs. Global companies that earn profits in India are subject to a tax rate of 33.9 per cent and the impact of the proposed reforms on them would be marginal.
IT, e-commerce firms to raise the bar in recruitment, packages.
Even as the H1-B cap for the year was reached for regular and 'advanced degree' students, the Department of Homeland Security announced an extension of the Optional Practical Training period up to 29 months.
Indian outsourcers file the most applications for temporary H-1B visas. Are they using them to train staff for jobs abroad?
Some examples that show we may be call for introspection, says Ajit Balakrishnan.
Trump signed executive orders on August 6 that would prevent TikTok and WeChat from operating in the US as they threatened America's national security and economy.
Tech companies typically do lots of business overseas and book profits in low-tax jurisdictions.
Microsoft co-founder Bill Gates tops list of the world's top 25 richest self-made billionaires.
IIT Roorkee has so far seen the highest domestic salary rise Rs 80 lakh, up by a third from Rs 60 lakh last year.
Siva Prasad Nanduri, chief business officer, TeamLease Digital, outlines the skills that will help you get a job in 2023.
Tim Cook is joining the roster of the very rich donors.
This year's share of dream and super-dream job offers has spiked. As a result, the overall annual average salary packages have nearly doubled at some of these college campuses.
Adobe has roped in industry veteran Abhay Parasnis to head the firm's technology strategy, particularly its cloud portfolio, reports Ritu Jha.
Engineering graduates specialising in artificial intelligence and machine learning can earn up to 24 lakh a year, says Saran Balasundaram, founder and CEO, HanDigital, a talent consulting firm.
He will become executive chairman and continue to be chairman
Premji is ranked 13th on Forbes' first ever list of '100 Richest People In Tech', followed by Nadar on the 14th spot.
None of the Big Tech companies or tycoons appears to be playing a meaningful role in the testing, spread, cure, or eradication of the virus or even in contact tracing so far, says Prosenjit Datta.
Software market in India grew 10 per cent to $4.76 billion in 2013, driven by strong adoption of cloud or subscription-based services, research firm Gartner said.
If you have an IT firm, you should avoid encroaching on their turf.
While the first wave of moving work to India was driven by cost considerations, increasingly companies are banking on local talent to add value to their business by jointly developing products and solutions.
The US president-elect met Silicon Valley's most powerful executives -- CEO of Microsoft Satya Nadella, Jeff Bezos of Amazon, Tim Cook of Apple, Elon Musk from Tesla, Larry Page and Eric Schmidt of Alphabet -- parent company of Google among others.
8 CEOs on the list are female, and they far outpace the median pay for the Equilar 100 as a whole
There will be a huge market for healthcare professionals, data and security experts and digital marketers, says Navneet Singh, founder, Avsar HR Services.
In addition to Pichai and Nadella, IBM's Arvind Krishna, Micron's Sanjay Mehrotra, Ajay Banga from Mastercard and Ann Mukherjee from Pernod are among the six Indian-Americans among over 200 corporate honchos who will advise the President and offer recommendations on how to revive the American economy.
Microsoft founder Bill Gates with an estimated fortune of $78 billion heads the list
Chai Sahay, an artificial intelligence-based mobile app, will be primarily used to issue advisory, disseminate information related to various schemes of the board for the sector as well as provide real-time weather updates, says Avishek Rakshit.
