'If the business doesn't recover in next 6-10 months, there might be situation where there would be some lay-offs...That may be required for survival and to ensure livelihood to millions of people.'
Nasscom has recommended that Jammu, Dehra Dun, Chandigarh, Delhi, Lucknow, Patna, Shillong and Kolkata should host the new institutes.
According to Nasscom, India must make its R&D significantly more robust to realise the 'Make in India' dream
This decision was taken at Executive Council meeting of National Association of Software and Service Companies held in Pune.
75 per cent of new Internet users will come from rural areas
The information technology and IT-enabled services sectors are expected to grow 12-14 per cent and clock export revenues of $84-87 billion in the next fiscal, industry body Nasscom said.
The Karnataka government on Wednesday put the reservation bill for Kannadigas in private firms on hold amid fierce criticism from business leaders and tech tycoons.
NASSCOM Foundation and DataWind Corporation, have started a pilot project to provide internet connectivity in the rural areas.
Nasscom's current president Som Mittal's term expires in January. However, Chandrasekhar, expecting to get the necessary approvals from the government soon, will start work from next month to get familiar with the organisation.
Will help entrepreneurs collaborate and develop a culture of innovation in the country.
Software industry body Nasscom on Wednesday appointed Cognizant India Executive Vice Chairman R Chandrasekaran as its Chairman for the year 2014-15.
Focus has to be a lot about self-learning, says Nasscom Senior VP Sangeeta Gupta.
Earlier in the year, Modi government had moved WTO against the US imposing higher fee for applicants seeking two categories of non-immigrant temporary working visas
With the economy gaining pace and large deals back on the table, chief executive officers (CEOs) of tech companies believe global tech spending will witness growth this year. According to CEO Survey by Nasscom, about 71 per cent chief executives expect global spend to grow over 4 per cent. The figure is significantly higher than the previous two years - 41 per cent and 59 per cent in 2019 and 2020, respectively. The survey also said the recovery in global tech spending will be led by the digital segment.
Nine companies incubating at StartupVillage have made it to the second round of Nasscoms flagship programme to support 10,000 technology startups across India.
The $108 billion Indian IT-ITeS industry is also witnessing the rise of tier II and III cities like Kochi, Ahmedabad and Kolkata as product hubs.
The report is based on a joint survey by Nasscom and the PricewaterhouseCoopers.
Recently, some software firms formed a separate body called the Indian Software Product Industry Round Table, or iSpirt.
Nasscom to set a committee to look for successor of Som Mittal.
Infosys will comply with whatever regulations and guidelines Karnataka comes up with, a top company official said on Thursday on the proposed reservations for locals in private firms in the state. Infosys employs over 3.15 lakh people at present across the globe. "We are planning to work with all the regulations of the state and central governments.
The traditional model of IT is being commoditised and players are losing margins. Industry needs to focus on innovation-based start-ups for next round of growth.
Is India headed there again? questions Ajit Balakrishnan
With Indo-Pak relations entering a new phase, the first ever information technology delegation from Pakistan will participate in the National Association of Software and Service Companies' annual summit, starting next month.
'The focus of the legislation will be to minimise user harm and increase the accountability of platforms, while also promoting innovation.'
The counting of votes of the 16th general elections are scheduled for May 16, following which the new Indian government will be formed.
Big data analytics is an expertise that offers actionable insights and is a confluence of a host of specialisations, including mathematics, science and social sciences.
Tata Consultancy Services has been ranked as the top IT software and services exporter in the country by National Association of Software and Service Companies.
IT industry hiring big time, but quality concern persists.
'These are the two core skill sets that are required for any job, in any profession.'
Right from day one, the delegates were faced with external odds over which they had little or no control. For instance, would the Software Technology Parks of India scheme be extended beyond 2009? They could only take home the assurance that Minister for Communications and IT Thiru A Raja was on their side.
A fiscal cliff refers to the simultaneous expiry of tax breaks and the introduction of spending cuts.
Tata Consultancy Services (TCS) on Tuesday ruled out cutting down on hiring, saying it has no plans of doing so but it may have to pace hiring according to the evolving demand scenario. TCS is the largest Indian software exporter in terms of headcount, revenue and profit. The statement comes amidst a report that the software industry is going soft on hiring as demand falters from their key markets and some of them are even going back on their campus offers.
The fund will have a corpus of Rs 100 crore (Rs 1 billion), which could be increased to Rs 150-200 crore (Rs 1.5 to Rs 2 billion) in the next two years.
Banking and finance sector was the highest average spender on information technology services in 2006 and is expected to retain the edge this year as well, a Nasscom survey said on Monday.
Even as outsourcing demand from Europe revives after the debt crisis, data protection regulations in the region governing trans-border data flows could hurt the $108 billion Indian IT-ITeS industry.
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