Of the 3.9 million the sector employs, HR experts say at least 100,000 are likely to lose their jobs by the end of this financial year. Ayan Pramanik and Raghu Krishnan report.
According to McKinsey numbers, IT expenditure can give a return of up to around 10 times by reworking supply chains and logistics, managing resources better and so on. If a firm reduces IT expenditures by around 15 per cent, this will add around 0.5 per cent to long-run EBIT. Retaining expenditure levels could add 1-2 per cent to EBIT in terms of better merchandising and 3-5 per cent in terms of better pricing by reducing revenue leakages.
Nasscom estimates that the KPO industry is poised for a 45 per cent per annum growth till 2010. The current hotspots in KPO are engineering and design, basic data search, integration and management and biotech & pharma.
The government has given an 'in-principle' approval to the special incentive package prepared by the department of information technology for semiconductor manufacturing and other high-tech industries.
The event will aim at drawing foreign investment in startups and push local partnerships.
India needs to provide vocational training to at least 10 million people in the 15-29 age group every year.
The aerospace technology outsourcing market in India will touch $1 billion by 2009, according to Nasscom.
A recent study by Nasscom suggests that only a fourth of the 400,000 students graduating every year in the country are employable.
The Indian software product sector is expected to register a 10-fold increase in revenues over the next seven years. Revenues may range between $9.5 billion and $12 billion by FY15, from the current $1.4 billion, according to a new Nasscom-Zinnov study.
The domestic market for business process outsourcing - which is growing at a compound annual growth rate of 50 per cent - is catching the attention of BPO companies that have traditionally catered to the international market.
Balakrishnan said Nasscom had predicted that impact on jobs due to non-extension of STPI scheme might result in loss of 400,000 jobs in three to four years.
Sanjay Hegde, the Karnataka counsel in the Supreme Court, said that this is the maximum punishment Mittal could attract if found guilty.
As you move higher up the corporate ladder, there is a growing need for you to at least gain a fair amount of proficiency in areas other than your core competency. And that's where certification programmes come in.
"I have always felt that the true value of SEZs must be judged by the extent to which they help promote labour-intensive manufacturing," Minister of State for Commerce Jairam Ramesh said on Wednesday.
Union Minister for Communications and Information Technology, A Raja on Wednesday assured that the Indian IT sector that the ministry was doing its best to convince the government that the Software Technology Parks of India (STPI) scheme should be extended beyond 2009.
Thanks to technological support provided by BlinkIN, a Bengaluru-based intelligent visual-assistance company, engineers in Wuhan were able to remotely install air ventilation systems in two hospitals in Wuhan, the epicentre of the coronavirus pandemic, reports Peerzada Abrar.
Tata Consultancy Services is the top IT-ITES employer in India, followed by Infosys Technologies and Wipro Technologies.
Analysts say the impact on Indian entities would not be immediate
A gaming summit is being organised by IAMAI in Mumbai today.
Snapdeal said it will give its users the option to defer the delivery by a few days till new currency notes become easily available.
Here's the latest academic trend for IT aspirants -- finishing schools to transform graduates into career professionals.
A study conducted by BSA estimates that a 10-point drop in piracy in India from 74-64 per cent over four years would add 115,847 jobs.
Nasscom president Kiran Karnik on Wednesday suggested the government should allow establishment of private higher and technical educational institutions on the lines special economic zones to provide quality education in the country.
Infosys' chief executive officer and managing director Vishal Sikka says despite a healthy guidance, he can't say if this would be 'industry leading'.
An analysis of 64 large deals awarded at the start of the decade reveals that more than half witnessed some restructuring or renegotiations.
The information technology (IT) industry has increased its contribution to the country's GDP from 1.2 per cent in 1997-98 to 5.2 per cent in 2006-07, according to a Nasscom-Deloitte study.
IT and ITeS sectors' contribution to India's GDP has increased by 4 times in the last 10 years, revealed a study.
In January 2003, the American Finance Association awarded Rajan the inaugural Fischer Black Prize for the best finance researcher under the age of 40.
Tata Consultancy Services plans to open its third IT centre in China in the current fiscal and increase its headcount five-fold to 5,000 by 2010, a senior official said on Friday.
According to a study more than one-fifth of India's product start-ups are from the city.
However, a large number of businesses around the world are unable to quantify accurately the benefits their outsourcing arrangements would bring in for them.
Large companies are targeting niche players in the market to add to their portfolio.
The Indian animation industry is expected to grow at a CAGR of 25 percent during 2006-10
The trained officers would be able to analyse and scrutinise data on hard disks, track e-mails, extract evidence using Internet and mobile phones and will familiarise themselves with cyber crime-related legislation.
The third CITU strike in West Bengal and the move of unions to call the shots in Kerala's IT sector are developments that the IT industry, at large, has denounced.
