Fearing that the image of the Indian IT companies globally will take a beating following the Satyam fiasco,IT-BPO union UNITES on Friday said that industry body Nasscom should institute an inquiry in association with World Bank on Satyam, which has been banned from doing business with the bank for eight years.
But, majority might be left out, as only those investing in entities recognised by the government could qualify
Within the next two years the national capital will have its own IT hub aiming to foster industry-institute partnership in the areas of advanced technology research in the city.
Howard County delegates will meet Bangalore firms to explore possibilities of business expansion of Indian companies in Howard County.
As the co-founder of Comat Technologies, leading provider of e-governance solutions, Sriram Raghavan initiated the concept of rural business process outsourcing units and rural business centres.
From being a BSE employee, to starting Financial Technologies, to building the MCX, it has been an incredible journey for Dewang Neralla.
rediff.com brings to you a special series on India's best innovators and entrepreneurs, winners of the latest Nasscom Innovation Award 2007.
Meet Madan Padaki, the man behind MeritTrac, an online assessment company, which won the latest Nasscom Innovation Award.
Infosys' chief executive officer and managing director Vishal Sikka says despite a healthy guidance, he can't say if this would be 'industry leading'.
Innovation often happens informally was the crux of Sabeer Bhatia's message at the Nasscom Product conclave in Bangalore to entrepreneurs who wanted to replicate the success of his hotmail.com
The Finance Ministry ruled out introduction of Advance Pricing Agreement programme for deciding tax liability of the companies in advance in the near future, saying that in the absence of an institutional mechanism such system would not be effective. An Advance Pricing Agreement is a binding contract between a taxpayer & the tax authority under which the 2 parties agree on the transfer pricing policy for specified transactions of the taxpayer over a given period of time.
Indian export-oriented information technology (IT) and business process outsourcing (BPO) firms may be grappling with an appreciating rupee and clouds of doubt looming over the extension of tax sops for the sector beyond 2009. An Everest-Nasscom study points out that the domestic BPO market, with a growth rate of 50 per cent over the last five years, has grown faster than the overall Indian BPO market to reach nearly $1.6 billion (Rs 6,400 crore) by end of FY2008.
For the first time in three years, India will register lower growth rate, but some economists believe all is not lost.
Advances in technology could render much of the Indian IT services industry obsolete.
MindTree Consulting won the Nasscom award for innovation. In conversation with its CEO Subroto Bagchi on what makes MindTree an inspiring organisation.
Despite a tough economic scenario, the Indian IT software and services sector will touch the $50-billion mark in 2008-09, though the indicated growth is lower at 21-24 per cent (currency-adjusted), according to Nasscom.
Doing business in India is still not as easy as it is in the western world. But the change has begun. We are moving in the right direction.
Nasscom President R Chandrashekhar discusses the ramifications of Trump's 'Buy American-hire American' agenda with Raghu Krishnan.
"While $30 billion is the achievable target, 50 billion is the aspirational target", Nasscom President Som Mittal said on Tuesday while releasing the findings of a study on India's BPO industry conducted jointly with the Everest Group, a global strategy consulting group.
According to McKinsey numbers, IT expenditure can give a return of up to around 10 times by reworking supply chains and logistics, managing resources better and so on. If a firm reduces IT expenditures by around 15 per cent, this will add around 0.5 per cent to long-run EBIT. Retaining expenditure levels could add 1-2 per cent to EBIT in terms of better merchandising and 3-5 per cent in terms of better pricing by reducing revenue leakages.
Nasscom estimates that the KPO industry is poised for a 45 per cent per annum growth till 2010. The current hotspots in KPO are engineering and design, basic data search, integration and management and biotech & pharma.
In January 2003, the American Finance Association awarded Rajan the inaugural Fischer Black Prize for the best finance researcher under the age of 40.
The government has given an 'in-principle' approval to the special incentive package prepared by the department of information technology for semiconductor manufacturing and other high-tech industries.
'The move is a succession plan where Sikka comes on the board as vice chairman.'
India needs to provide vocational training to at least 10 million people in the 15-29 age group every year.
The aerospace technology outsourcing market in India will touch $1 billion by 2009, according to Nasscom.
A recent study by Nasscom suggests that only a fourth of the 400,000 students graduating every year in the country are employable.
The Indian software product sector is expected to register a 10-fold increase in revenues over the next seven years. Revenues may range between $9.5 billion and $12 billion by FY15, from the current $1.4 billion, according to a new Nasscom-Zinnov study.
According to a study more than one-fifth of India's product start-ups are from the city.
The domestic market for business process outsourcing - which is growing at a compound annual growth rate of 50 per cent - is catching the attention of BPO companies that have traditionally catered to the international market.
Balakrishnan said Nasscom had predicted that impact on jobs due to non-extension of STPI scheme might result in loss of 400,000 jobs in three to four years.
As Nasdaq-listed company indicates poor spending in financial services space, Indian firms feel jittery
Sanjay Hegde, the Karnataka counsel in the Supreme Court, said that this is the maximum punishment Mittal could attract if found guilty.
The pace of job generation has slowed as IT firms look at automation to do testing
Union Minister for Communications and Information Technology, A Raja on Wednesday assured that the Indian IT sector that the ministry was doing its best to convince the government that the Software Technology Parks of India (STPI) scheme should be extended beyond 2009.
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.
"I have always felt that the true value of SEZs must be judged by the extent to which they help promote labour-intensive manufacturing," Minister of State for Commerce Jairam Ramesh said on Wednesday.
Vetting by inter-ministerial board removed for benefits under Startup India Action Plan
Europe is the second largest market for Indian IT-BPM industry
NITI Aayog recommendations cite the need for greater industry-academia collaboration to meet skill demand
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