The Satyam incident did not come as a bolt from the blue for the Bangalore-based IT-BPO union, who had written to the IT industry body Nasscom, the Prime Minister, IT Minister and Ramalinga Raju himself to conduct an inquiry into the affairs of the company in 2008.
After 100% FDI, DIPP has put a condition an e-commerce entity will not be permitted more than 25% of sales through its marketplace from one vendor or their group companies
"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 low-profile CEO started his new innings with the new year.
To encourage innovation, IT industry body Nasscom and ICICI Knowledge Park are setting up a $25 million venture capital fund to help startups that are in the intellectual property space. The fund -- to be registered with market regulator Sebi -- will look after the brick-and-mortar costs of startups.
"When I look at a product like Zune, or other path-breaking applications like software on demand, I always wonder why these products could not come from India," said Anand Mahindra, vice-chairman and MD, Mahindra & Mahindra.
Nine years ago McKinsey, on behalf of Nasscom, projected that India's software and services exports would touch $50 billion by 2008
Stricter regulations in US forces industry to look at these countries with a market size of $300 billion
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.
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.
The Indian software and services exports are expected to touch the $40 billion mark in FY08 ($31.3 billion in FY07), contributing nearly 64 per cent to the overall revenue aggregate (including software exports, domestic and BPO segments), according to IT trade body Nasscom's Strategic Review 2008.
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.
If the visa issue ultimately requires certain other considerations at govt level, we will consider that, says Ravi Shankar Prasad
The herculean effort and complexity involved in getting IT-BPO employees and employers to register - coupled with the high costs incurred in the process - is likely to force IT industry body Nasscom to miss its March 2008 target of 500,000 registrations for its National Skills Registry (NSR) by a huge margin.
Corbus India, RMSI and Hytech Professionals may be lesser known companies IT space compared to peer group but they rank as the top three firms in Nasscom's 'Exciting Emerging Companies to Work for' list.The other companies in the list of 15 are Nagarro Software, VCustomer, e4e Business Solutions, Synergy India, Ajuba Solutions, Mindlogicx, Nucleus Software, Infogain, ValueLabs, Barry-Wehmiller, GlobalLogic and AgreeYa.
India's software export target of $60 billion by 2010 will not be revised despite rupee appreciation, but the profitabilities of small IT companies and BPO sector are bound to suffer, Nasscom said on Wednesday.
The $55 billion Remote Infrastructure Management business is on the topmost agenda of an increasing number of Fortune 500 companies and Global 500 enterprises.
Providing access to unbanked areas in the country has been high on the agenda of RBI, as almost 40 per cent of the population doesn't have a bank account.
India's software services and IT-BPO exports would exceed $31 billion in the current financial year, posting a growth of 32.6 per cent over the last fiscal, industry body Nasscom has said.
With manpower supply improving, industry body NASSCOM said on Thursday wages of IT and BPO workers would see moderation beginning next year.
Kolkata excels in business performance with employee headcount and number of engineering students doubling in the last five years.
A large number of large and small businesses process EU data, have customers from the EU or have access to data of EU citizens in one way or another.
Outsourcers will not migrate to China because of the sheer talent and English language proficiency in India, says Arun Seth, chairman, British Telecom India.
India is keen to 'grab opportunities' from China in the booming offshore engineering services space, R Ramalinga Raju, chairman, Nasscom said on Friday.
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.
The landscape of the Indian software and services sector displays both stability and dynamism. While the top five companies - TCS, Infosys, Wipro, Satyam and HCL - have held on to their positions in the Nasscom list, others have gained or fallen back
After heading the apex body for six years, and being instrumental in placing the Indian IT industry on the global map.
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.
Buoyed by growth in exports and strong domestic demand, the Indian IT-ITeS industry has recorded $39.6 billion in revenues in 2006-07, up 30.7 per cent against a projected growth of 27 per cent, according to Nasscom.
Tata Consultancy Services has retained its position as the number one software services exporter (excluding ITeS and BPO) followed by Infosys and Wipro in the Nasscom's Top 20 software exporter list.
The National Association of Software and Services Companies on Tuesday urged the Centre to provide the software industry access to the national laboratories like Aeronautical Development Agency for taking up research and development
Whether one likes it or not, services constitute the value-addition sector that the country has to build on, using its comparative advantage in infotech and related skills, suggests T N Ninan.
And by 2010, the industry should look at a target of $80 billion, said Prime Minster Manmohan Singh at Nasscom's Leadership forum in Mumbai.
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.
The efforts, a part of '#40 Forward' programme under Google for Entrepreneurs', are aimed at finding new ways to advance female entrepreneurs.
Nasscom on Monday said it was working towards putting together best practices in human resource area for adoption by all its members, while another industry association has warned of short term impact on the industry.
A shortage of skilled workers will be staring the Indian industry, particularly the BPO sector, in the face in the next decade or so, a Nasscom-McKinsey report has cautioned.
The proposed annual quota for Indian companies could be between 10 and 15 per cent. Currently, there are no country-specific limits on H-1B allotment.
