The DST has accepted a proposal of National Association of Software and Service Companies in this regard.
Nasscom president Som Mittal shares his view on issues such as the rise in value of the rupee against the dollar, hiring trends and the role of IT in e-governance.
Modi govt is aiming to recast the urban landscape of the country by making cities more livable.
Suggesting that layoffs in the information technology and business process outsourcing industry are still less than 1 per cent of the total workforce, top National Association of Software and Service Companies executives have said that the industry has not yet come in the grip of large-scale layoffs.
Information Technology sector grew by 19 per cent in 2011, clocking revenue of $76 billion
Information technology companies in smaller cities are forming regional associations to attract investments and get their demands fulfilled at the local level, as industry body Nasscom is unable to spread its wings in many such cities. Smaller companies in places such as Bhubaneswar, Coimbatore, Madurai, Kozhikode, Ahmedabad, Kochi and Thiruvananthapuram have created regional fora to sell their locations and also lobby state governments.
Europe is the second largest market for Indian IT-BPM industry.
With automation taking place at a much faster pace across industries especially in the tech space, domestic software firms that employee over 16 million are set to slash headcounts by a massive 3 million by 2022, which will help them save a whopping $100 billion mostly in salaries annually, says a report. The domestic IT sector employs around 16 million, of them around 9 million are employed in low-skilled services and BPO roles, according to Nasscom. Of these 9 million low-skilled services and BPO roles, 30 per cent or around 3 million will be lost by 2022, principally driven by the impact of robot process automation or RPA. Roughly 0.7 million roles are expected to be replaced by RPA alone and the rest due to other technological upgrades and upskilling by the domestic IT players, while it the RPA will have the worst impact in the US with a loss of almost 1 million jobs, according to a Bank of America report on Wednesday.
Roshni, also a trained classical musician, came on the board of HCL Technologies in 2013 and was vice chairperson. Shiv Nadar would continue to be MD of the company with designation as chief strategy officer.
An author of over 80 books, a lead developer for an e-security product and the president of the Foundation of Information Security and Technology, he has co-chaired efforts by the Mumbai Police and Nasscom to institute cyber security.
The issue arose after TCS dismissed hundreds of employees in January 2015, leading to the formation of the IT Employees Wing supported by the NDLF.
Buoyed by steady recovery in demand for technology services, the Indian IT-BPO sector is estimated to grow 19 per cent in 2010-11 to $76 billion in revenues, software industry body Nasscom said.
Retail giants are looking at Indian start-ups in the big data and analytics space
India is emerging as one of the most preferred destinations and the leader for outsourced product development, says Gowri Shankar Subramanian, CEO, Aspire systems.
The US government should not only look at salary, but also focus on skills while making immigration reforms
N R Narayana Murthy, chairman and chief mentor of Infosys Technologies, is considered to have set new benchmarks in corporate governance through the firm he founded. Last fortnight, he was chosen to head Nasscom's sub-committee on corporate governance.
Stricter regulations in US forces industry to look at these countries with a market size of $300 billion
India's software industry mounts two-pronged campaign to tackle Trump administration. Ayan Pramanik & Karan Choudhury report.
As many as 11,500 startups would come up in the country employing over 2,50,000 people by 2020, according to key findings of India Start-up Report 2014 of industry body Nasscom.
With over 1.7 million vacant cloud computing jobs, the future is bright for candidates with the right skills and experience, says Bhavesh Goswami, founder and CEO, CloudThat Technologies.
In its Strategic Review 2009 report, Nasscom said that in the current fiscal, the exports could touch $47 billion, without giving estimates for 2010.
In the mid-tier space, clients with weak balance sheets are likely to ask for price revision apart from delay in payment.
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
Last year, there was almost 16 per cent increase in hiring by the Global Capability Centres in India.
The catch is the need for a supportive framework in place that allows free and fair use of such technology.
"There is a great deal of similarity between the advertising industry and the IT industry. One of them is that they both provide services," Kiran Karnik, former president of Nasscom, said during his address on the first day of Goafest 2008, the three-day meeting of the advertising industry.
The Indian startup ecosystem, which defied odds during a pandemic-hit year to create record 12 unicorns, has the potential to be the engine of growth in the medium to long run, according to the Economic Survey 2020-21. The survey noted that startups are the platform for entrepreneurs who have the ability to think out of the box and innovate to conceive products that can create a niche for themselves in a dynamically changing world.
On a cloudy Monday this month, Mohammed Irshad flew from Kochi to Gurugram to attend an exclusive investor networking event. Among a handful of founders selected for the event, Irshad was to pitch his peer-to-peer learning start-up Notespaedia for funding in front of top venture capital investors such as AngelBay, Elevation Capital, and Inflection Point Ventures. He failed to woo them, but the feisty entrepreneur was determined to continue his hunt.
The information technology sector, India's largest private-sector employer with 3.1 million direct jobs, will witness muted hiring activity this year.
Corbus India has been named the most-lucrative emerging company to work for, in a new survey by information technology industry body Nasscom. In its first survey on the 'Top 15 Exciting Emerging Companies to Work for' in the IT-BPO sector in India, Nasscom identified the best small- and medium-enterprises that had a turnover of less than Rs 250 crore.
The $55 billion Remote Infrastructure Management business is on the topmost agenda of an increasing number of Fortune 500 companies and Global 500 enterprises.
The share of Information Technology industry in India's GDP was 5.2 per cent or $ 48.1 bn in 2006-07, the government said on Monday, quoting a Nasscom report. Minister of State for Human Resource Development D Purandeswari said of the $ 48.1 bn, hardware and software products comprised $ 11.5 billion and IT services $ 36.6 bn. Nasscom report also pointed out that around 16.30 lakh people were employed in the IT sector during 2006-07 & 375,000 more jobs were to be generated.
Expressing concern over the non-availability of qualified manpower for IT and ITeS companies, Nasscom on Tuesday said by year 2010 the industry would face a shortage of five lakh professionals.
To increase local talent mix in the US like their major peer Infosys
The efforts, a part of '#40 Forward' programme under Google for Entrepreneurs', are aimed at finding new ways to advance female entrepreneurs.
The proposed increase is almost double from the present fee.
The new rules will bring down people's mobility and as a result flexibility in scaling businesses
According to Nasscom, engineering services exports had grown at 13 per cent in 2017 compared to six per cent rise in IT services exports and eight per cent in business process management (BPM). It had also recorded the highest growth in the last three years, reports Debasis Mohapatra.
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