Engineers based in India are estimated to be writing roughly 35 per cent of the 100 million lines of codes required to develop one fully driverless car for global vehicle makers.
Indian technology industry has a "big opportunity" despite global macroeconomic challenges, said Rishad Premji, chairman of IT services firm Wipro, on Wednesday as he spoke about how Covid-19 had changed work. "My confidence is driven by two things: the rapid pace of digitisation across the world, and the shift in the mindset of stakeholders who engage with us as an industry," said Premji in Bengaluru while addressing industry leaders and civil servants at the Invest Karnataka 2022, the state's Global Investors Meet (GIM). Businesses are using technology for customers and employees: a trend marked by the shift to cloud computing and leverage of data.
New kinds of businesses and evolving customer expectations urgently demand a re-appraisal of its focus and agenda.
Indirect emissions account for a major chunk of emissions by Indian IT firms. Business travel and commutation, together, are a key reason for it. If travel and daily commuting go down, so does carbon emissions.
Nasscom and the Chinese government have given the task of creating a matchmaking platform to Zeta-V, set up in June 2017 in Shanghai by Sujit Chatterjee, former CEO of TCS China, and Rangarajan Vellamore, former CEO of Infosys China.
As 8 new startups join the 2018 club, average time taken to be a $1 billion firm now stands at 5-7 years, next only to China, says a Nasscom report
A majority of the companies said the law, aimed at jobs with a monthly salary cap of Rs 50,000, will result in them leaving Haryana or growing their operations in other states and abroad.
'We have to plan for whatever the new normal is.'
In the wake of reported shooting up of terror and hate messages on the Internet following the deadly Mumbai serial blasts, the telecom department has directed all the 150 operational Internet Service Providers to block 18 Web sites.\n\n
The new rules are aimed at providing a strong impetus to the industry and positioning India as one of the most competitive IT jurisdictions in the world.
Demand for digital technologies and resumption of normal economic activities will drive sales for IT companies, and the sector will post a revenue growth of up to 9 per cent in 2021-22, a report said on Thursday. Rating agency Icra gave a "stable" outlook for the sector, whose size is pegged at over $180 billion by industry lobby Nasscom, including the business process outsourcing business. The IT services sector's revenues will rise between 7-9 per cent in rupee terms and between 5-8 per cent in dollar terms in 2021-22, it estimated.
The US government has removed a regulation proposed by former president Donald Trump's administration that sought to narrow the definition of "specialty occupation" under the H-1B visa regime. The change comes as a relief for Indian information technology firms, which are among the largest users of such visas. "The Department of Homeland Security (DHS) has formally vacated a regulation that would have redefined the H-1B specialty occupation, restricted off site placement of H-1B employees, and otherwise increased employer compliance obligations. "The vacatur follows a federal court ruling that set aside the regulation because the agency did not have good cause to bypass notice and comment rulemaking, in violation of the Administrative Procedures Act," explained immigration law firm Fragomen.
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 kind of jobs the advent of artificial intelligence, data science and so on are creating simply didn't exist before'
Nasscom said growth for the current financial year (2016-17) was expected to be 8.6%
"Critical data which has to be resided in India is an important component that needs to be clarified, as this will be arguably uncovered on an ad hoc basis as we move forward."
We have created centres of excellence in areas like user interface design, user experience, cyber security - all the things required to bring the solutions to the market, says N Chandrasekaran.
In an e-mail interview to Assistant Managing Editor Indrani Roy Mitra, chairman of National Association of Software and Service Companies, Ganesh Natarajan discusses the issues related to the Satyam debacle.
While welcoming the reconstitution of the scam-tainted Satyam board, the Nasscomchairman Ganesh Natrajan on Monday said the apex body had advised its members to desist from making "unsolicited offers" to the customers of the beleagured company, which has earned the dubious reputation of being 'India's Enron'.
Wipro founder-chairman Azim Premji believes the Indian IT industry revenues will grow in double digits in the current financial year. Throughout the pandemic, which saw lockdown measures to curtail the spread of the virus, the information technology industry has kept the world running and has also adapted to the changes, Premji said, speaking at an event of the Bombay Chartered Accountants' Society on Tuesday evening. As per Nasscom, the IT industry revenues stood at $194 billion in FY21. The lobby group has ceased giving estimates of the topline growth a few years ago.
Information Technology's trade body National Association of Software and Service Companies will revise its industry growth forecast in the first week of December. Though the industry would be able to meet the $60-billion target for 2010, the body may revise software exports growth forecast downwards by few percentage points for 2008-09 due to the US financial turmoil.
It has taken a pandemic to move the needle on the salary packages for greenhorn engineers hired by the Indian IT services sector. The country's third-largest IT services player, HCL Technologies, has decided to boost the entry-level packages from Rs 3-3.6 lakh to Rs 4.25 lakh for FY23, in a bid to attract fresh talent and keep them for longer to counter the impact of rising attrition. This new package would also be applicable to those freshers who joined the firm in FY22.
The National Association of Software and Services companies on Wednesday launched the world's first-ever centralised database of IT professionals to further strengthen the security in Indian industry.
AI, cloud computing, data analytics are a few areas companies are looking for proficiency in
Tier-II and tier-III towns have a reason to rejoice.
Nasscom set up a task force last year, to position India as a global hub for providing cybersecurity solutions
Aadhaar architect Nandan Nilekani on Friday India is well-placed on the government and businesses fronts to leverage artificial intelligence (AI) in unique ways to solve challenges and tap into opportunities. Nilekani noted that over the last few years, the government has focussed on how to make transactions more efficient and effective, which has driven digitisation across the board. He added that as a byproduct of this, huge data now across systems has been generated and that the time is right to apply AI across the board to India's most challenging issues across areas like healthcare and education.
Europe is the second largest market for Indian IT-BPM industry.
In 2014, the country witnessed 800 new companies starting up, taking the total number of start-ups to 3,100, Nasscom said.
In the midst of a sluggish growth and fears of a recession in the US, National Association for Software and Services Companies has chalked out 6 areas of emphasis in the financial year 2009. Nasscom said Indian IT sector would achieve the $60 bn target in the next 2 years. Thrust areas for the industry include: community, collaboration, societal development, inclusivity, green IT, education and skill-building. Nasscom said US slowdown will not have any long term impact.
Software product revenues seen at only $6.1 bn in FY15
'30 to 40% of the industry needs to be reskilled as existing jobs will go to automation.' 'Reskilling is required as some existing jobs will not be required in the future.'
National Association of Software and Service Companies chairman Kiran Karnik has said the Maharashtra government was not promoting information technology in a big way.\n\n\n\n
The National Association of Software and service companies demanded on Wednesday that the tax incentives under section 10 (A) and 10 (B) of the Income Tax Act should continue till 2010, as committed by the government earlier.
Most of the large Indian IT services players, such as TCS, Infosys, Wipro, and HCL Tech, have signalled increased offshoring efforts and opting for local hires in the US, primarily to address the immigration-related challenges.
Muzammil Patel and Rahul Murthi will answer all your start-up queries.
Apart from such advisory, IT biggies such as TCS, Infosys and HCL Tech among others have been pursuing 'remote working' model to overcome the situation.
The move is aimed at raising funds for the $600 million spending plan to boost security at the porous US-Mexico border.
At the end of June, 2016, TCS had a total headcount of 3.62 lakh.
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