Takes a knock after RBS changes plan on Williams & Glyn; contract loss to impact 3,000 Infy staffers
Any changes in the visa regime may result in higher operational costs and shortage of skilled workers for the $110 billion Indian outsourcing industry.
BSE-IT index slumped over 10 percent after Infosys, the second-biggest software exporter, guided for a revenue growth of 6-10%, much below of 12-14% for the fiscal 2014.
Infosys management has guided for a seven per cent growth in FY15.
Unstated assumption is that the job applicant is in some way responsible for his employability problem, says Ajit Balakrishnan.
To increase local talent mix in the US like their major peer Infosys
iSpirt to work closely with trade bodies including Nasscom in providing policy prescriptions.
During the visit, he will address a Nasscom meet and participate in a Google+ Hangout with students.
The quantum of hiring is likely to remain the same as that of the past financial year.
The Bombay Stock Exchange IT index has dipped almost 9% or 585 points at 6,210 compared to 1.56% fall in benchmark Sensex at 0917 hours.
IT industry body Nasscom said it is quite hopeful the final contour of the bill would be much more balanced than it is at present.
Nasscom will give out future estimates in February.
Telcos propose licence regime for apps like WhatsApp, Skype.
There will be a huge market for healthcare professionals, data and security experts and digital marketers, says Navneet Singh, founder, Avsar HR Services.
If you are an expert in programming languages, statistics and algebra, then a career in AI and ML is worth a shot in 2021.
Over the past week, several unusual partnerships among start-ups, traditional businesses and hospitals have been announced, and several more are likely to materialise soon. The trend could see increased importance of gig workers, who are taking considerable risk to deliver goods to people in the time of a pandemic.
'During the pandemic, thousands of IT employees have lost their jobs.' 'Many of those who still have their jobs fear that they will lost it any moment.'
In order to make it hassle-free, various start-up support groups such as TiE (The Indus Entrepreneur) and India Angel Network (IAN) are partnering with the digital NBFCs to extend debt finance to their member companies.
Nasscom co-founder K V Ramani was recently in the news for having built a Sai Ashram for Rs 110 crore and handed it over to Sri Saibaba Sansthan. He talks to rediff.com's Shobha Warrier
In its mid-year review, the software association Nasscom has revised its forecast for software and services exports (IT & ITeS) for the current fiscal year of 2012-13 to 11 per cent, from the 11-14 per cent range indicated at the beginning of the year.
The new rules will bring down people's mobility and as a result flexibility in scaling businesses
Software body Nasscom expressed its disappointment over the budget as it has no fresh proposals for the USD 100 billion Indian IT-BPO sector even as the industry's request to exempt SEZ income from Minimum Alternative Tax has been ignored.
What impact will the Budget have on the IT sector?
The National Digital Literacy Mission is helping educated women turn around their lives.
At a time when the Indian information technology services industry is the focus of anti-outsourcing rhetoric, the global in-house centres (GICs) or captive units of multinational companies are increasing their offshore penetration.
Having touched export revenues of $59 billion last year, the industry is estimated to have grown by 19 per cent in this financial year, aggregating revenues worth $76 billion.
Industry chieftains, strategists and analysts were unanimous that a slowdown, if at all happens again, won't affect the prospects of the $17-billion industry.
People in India haven't seen what happens if the environment gets sour, the Softbank vice-chairman said.
For the financial year 2013, the industry will hire around 200,000 of which 100,000 students have already received offer letters. The industry would end FY12 by hiring 230,000.
At a recent HR professional meet in the city, hiring managers and employers from leading firms in the country addressed the issue of growing unemployment in the country and discussed plausible solutions to solve the issue.
Modest growth projections hits IT sector.
India's roughly $150 billion outsourcing sector generates about three quarters of its revenue from the United States.
The rules, the first ever for software applications in the country, were recently issued by the patent office and mandate each new software to be 'machine-specific' and packaged with 'new hardware' to qualify for a licence.
H-1B visa is a non-immigrant visa, which allows US employers to temporarily employ foreign workers in speciality occupations
The industry has registered a 29-fold increase in patents over 2005-2008.
Driven by steady recovery in demand for technology services, the Indian IT industry is expected to hire about 2.5 lakh people during this fiscal, software representative body Nasscom said.
The Indian IT industry has consistently protested the anti-outsourcing rhetoric of American politicians.
IBM India won the award in 'Best IT Services and Products Company' category and IBM Daksh in 'Best BPO Company'.
Nasscom, the information technology and BPO industry body, on Monday favoured a flexible work atmosphere for women engaged in raising their family to curb dropout rates and boost their numbers in mid-level and senior management positions in companies.
National Association of Software & Services Companies president Som Mittal said that growth has come back to India's IT and ITeS industry and 'the growth is going to be very different from the growth that we had in the past'.
