The National Association of Software and Services Companies and the Business Software Alliance have joined hands to check software piracy, which resulted in the loss of $367 million in 2004, in India.\n\n
The National Association of Software and Service Companies has embarked upon a new initiative to check cyber crimes, for which the apex body of software professionals would team up with police force of major IT cities in the country.
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.
National Association of Software and Service Companies said on Friday that the new visa regulations adopted by the US would increase time and cost of Indian IT companies in getting visas for their professionals.
A group comprising top tech startups and unicorns has raised several "serious concerns" over a platform-based gig workers Bill proposed by the Karnataka government, saying it would hurt the ease of doing business. They told the state government the Bill in its current form would hamper operations and increase regulatory and compliance burden on the nascent gig and startup economy, according to sources.
The $108-billion Indian IT-ITeS sector provides employment to about 3 million professionals.
Nasscom, the premier trade body of the Indian IT-BPO industry, on Wednesday said the aggregate revenues of the sector are expected to reach $60 billion by FY09.
National Association of Software and Service Companies said on Tuesday that it has enlisted the help of certain American law firms in drawing up an industry approach paper on the concept of professional services visa.
Among the other demands in its pre-Budget Memorandum 2008, the IT industry body has also suggested broadening the eligibility criteria for the large tax payer unit scheme, foreign tax credits, advance pricing agreements to provide upfront tax certainty, and refund of service tax paid on services utilised for export of computer software and BPO services.
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.
Officially called the Border Security, Economic Opportunity and Immigration Modernisation Act, 2013, the Bill being pushed by the Obama administration gives the domestic IT professionals in the US a 60-day period to find a new job after they lose the existing one, among several other sweeping reforms.
The initiative comes in the wake of allegations in the US and the UK that the country's call centre workers have stolen and sold data processed by local outsourcing/BPO firms.
The payments banks are intended to house transactional accounts for individuals, focusing on payments and remittances.
Last year, Nasscom hired influential lobbyist, public relation and law firms to plead the case of Indian firms with Congressmen.
The programme 'The Data Theft Scandal' is part of Channel 4's investigative series Dispatches which will be shown in the UK on Thursday
The business process outsourcing market in India is all set for a robust growth in the next five years with a potential to capture at least 30 to 40 per cent share of the emerging $550-$700 billion global BPO market, says Nasscom.
"There would be some resetting of expectations", president of Nasscom, Som Mittal, said on the sidelines of 'TiE Entrepreneurial Summit 2008 (TES 2008)' in Bangalore. He indicated that the Nasscom would come out with a clear view vis-a-vis the growth forecast in Junuary first week, saying 'it may happen before the quarterly results start coming out'.
'These are the two core skill sets that are required for any job, in any profession.'
A group of six US lawmakers had recently introduced 'The US Call Center and Consumer Protection Act of 2013' in the Congress that requires overseas call centre employees to disclose their location to US consumers.
The National Association of Software and Service Companies is planning to set up a consultative panel comprising immigration experts from abroad to advise its small and medium enterprises (SMEs) members on visa issues.
Nasscom president Kiran Karnik on Friday said the software association was in constant touch with various authorities for resolving the matter involving CEO of an i-flex arm.
'The focus of the legislation will be to minimise user harm and increase the accountability of platforms, while also promoting innovation.'
Software exports from India will attain the $50-billion target by 2008 as situation is conducive, even though the industry requires to post a 33 per cent growth in the coming years, National Association of Software and service Companies has said.\n\n\n\n
The top three Indian IT firms -- Tata Consultancy Services (TCS), Infosys and Wipro -- collectively trained over 775,000 employees in generative AI (GenAI) capability by the end of 2023-24, according to an analysis of GenAI-trained workforce of leading companies in India in this sector. This number is significantly higher that the projection made by the IT industry body Nasscom in its Strategic Review of 2023, released in February this year. It said in 2023-2024, over 650,000 employees across the IT industry received training in Gen AI skills.
TCS had earlier this week announced that it too would be hiring less number of freshers.
US is the largest market for the over $140 billion Indian IT services industry
Software industry association Nasscom has sought continuation of software technology parks of India scheme where companies get tax benefits, till 2019.
India's software and services exports for the 2002-03 fiscal would be lower than the projected growth rate of 30 per cent as a result of the appreciation of the Indian rupee, National Association of Software and Service Companies
The projected fall has been attributed to the US economic slowdown and the rise in international oil prices. Accordingly, the industry growth has been pegged at around 24 per cent for FY09. In FY08, total revenues including hardware were $48 billion which are expected to touch $64 billion in FY09. The total software and services revenue was $39.5 billion in FY08 and expected to touch $52 billion in FY09.
The National Association of Software and Service Companies on Monday said the Indian software and services sector will post a 28 per cent growth in 2003-04 at $12 billion in revenues, compared to $9.5 billion in 2002-03.
The National Association of Software and Services Companies said on Friday that the rupee appreciation would not affect the software export growth target of 26-28 per cent during the 2003-04 fiscal.\n\n\n\n
