Nasscom to set a committee to look for successor of Som Mittal.
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.
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 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.
It's for the first time that someone from the industry will hold the position of president at Nasscom.
President Obama is scheduled to arrive in India on November 6.
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.
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.
Dean at Sastra University asks NASSCOM to allow campus recruitment by IT companies in the 7th semester instead of last.
Looking at Australia for partnership in the ICT arena, National Association of Software and Service Companies is exploring ways to foster alliances and is leading an IT trade delegation there for the purpose.
The BPO/KPO industry employs about 2.2 million people and the number would increase to 10 million by the end of 2020.
It has apparent "negative connotations" in some mature markets such as the US.
The counting of votes of the 16th general elections are scheduled for May 16, following which the new Indian government will be formed.
Industry body Nasscom is in the process of setting up of an independent self regulatory organisation, which will establish, monitor and enforce privacy and data protection standards for the ITES and BPO industry in the country.
'The race is now on for Indian IT firms to develop their AI prowess and focus on a software-first approach to services as the people element becomes more complicated with Trump's expected new regulations.'
National Association of Software and Service Companies had a humble beginning.
Nasscom chairman Ganesh Natarajan, who will lead the team that will also have president Som Mittal, said the five-day visit would focus on three things -- totalisation agreement, immigration issues and benefits of outsourcing. Nasscom is lobbying for totalisation pact with the US, which already has this agreement with several countries to avoid double taxation of income with respect to social security taxes.
National Association of Software and Service Companies said on Thursday that the Indian government should aggressively negotiate on services at the World Trade Organisation.
Software association Nasscom has said the final circular on taxation of ITeS-BPO companies should be more explicit and clear about the 'arm's length principle' to remove uncertainties from the mind of foreign investors.
Nasscom president Kiran Karnik on Tuesday said there is nothing to worry and asserted the cancelled contract of Indiana state of US would be refloated again where outside companies, including TCS, could bid.
The depreciating rupee against dollar has a short-term benefit for the IT industry and the sector should not depend on currency management for profits, a top functionary of industry body Nasscom said.
National Association of Software and Service Companies, which has been advocating for data security laws for long, made an about turn on Thursday and said that the industry does not need more laws.
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 sector may have to face tough times ahead.
On the second day of the summit, Indian vendors discussed ways to tackle the financial crisis head-on with innovation being the focal point. Most believed that there is enough opportunity within the country for the industry.
Taking a further step towards making engineering students 'industry-ready and thus employable', Nasscom is in the final stages of launching its 'finishing school' courses in seven National Institutes of Technology and at IIT-Roorkee.
As part of its initiatives to work with Indian law enforcement organisations towards creating more awareness on cyber crimes, Nasscom is in talks with Maharashtra Director of Prosecution to train 40 prosecutors every month.
Recently, some software firms formed a separate body called the Indian Software Product Industry Round Table, or iSpirt.
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.
He said the bill will be taken up for discussion in the next cabinet meeting to clear the doubts.
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.
A fiscal cliff refers to the simultaneous expiry of tax breaks and the introduction of spending cuts.
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 escalating tensions between India and Canada have put Indian IT companies in a wait-and-watch mode but industry experts believe that there are no immediate areas of concern at this moment. Apex IT association Nasscom, in a statement, said since this is an evolving situation, it will continue to engage with stakeholders to track any potential areas of impact that may need support.
Nasscom had estimated 12-14 per cent growth for the Indian software services industry in FY'14, and it aimed to achieve revenue of $300 billion for the IT industry by 2020.
Is India headed there again? questions Ajit Balakrishnan
