Europe is the second largest market for Indian IT-BPM industry
'The move is a succession plan where Sikka comes on the board as vice chairman.'
The Indian IT-ITeS sector, which has seen an upward revision of salaries in the last two-three years, is likely to witness moderation of wages from next year due to a gradual improvement in availability of professionals.
Companies such as IBM Daksh, Aegis, MphasiS, Intelenet, HTMT Global, Sitel India are also increasing their domestic focus.
Union Communications Minister, Dayanidhi Maran, wants India to accept market-driven technologies.
While Dell has grown its business quite rapidly in India, one needs to be used to the ups and downs in the market place in the country, said the chief executive.
The total duration of the visa that we get is only 15 days and this hampers a lot of work if we are talking to a client in India, says Jehan Ara, President, Pakistan Software Houses Association.
The sector, including domestic and exports segments, is growing at an estimated 28 per cent in FY07.
The deals -- worth $50-200 million (Rs 300-1,000 crore) -- are across the healthcare, travel, telecom and manufacturing verticals.
IT software and services sector firms continue to be on a roll and very much on track to meet the $60 billion exports target by 2010.
China is promoting its information technology outsourcing sector as a rival to the market leader, India. The figures, however, paint a different story.
What the industry needs is a degree of predictability about currency movement.
The IT industry is today India's top exporter with exports of over $23.6 billion in 2005-06, 33 percent growth.
The potential offshored engineering market in India could exceed $40 billion by 2020, which will catapult India's market share in the same category to 30 per cent from the current 12 per cent.
The Indian IT industry's ambitions of becoming the primary destination for legal process outsourcing may fall short as myriad issues ranging from dearth of professionals to lack of cost arbitrage would clamp it down.
The pace of job generation has slowed as IT firms look at automation to do testing
President A P J Abdul Kalam asked the Indian IT industry on Wednesday to focus more on high end products while projecting that the market for information, communications and technology would touch $200 billion by the year 2010.
Put simply, this means the expectation of big cuts or internationally competitive prices in India is out of place.
National Association of Software and Service Companies advocated the creation of Special Economic Zones
Accenture, one of the leaders in global management consulting, technology services and outsourcing company, on Wednesday launched a training academy, in collaboration with Xavier Labour Relations Institute, Jamshedpur.
The Indian IT-BPO sector, both in exports and domestic business, is expected to register a growth of 28 per cent in 2006-07 and revenues are likely to exceed $47.8 billion, nearly a 10-fold increase over the aggregate revenue in 1998.
German Chancellor Angela Merkel is on a three-day visit to India.
Every rupee spent by the IT-ITeS sector (on domestically-sourced goods and services) translates into a total output of Rs 2 in the economy.
Indian investment bank Avendus Advisors on Thursday said that it is in the process of floating a $200 million India specific fund for investing in diversified sectors.
While the number of women in IT cos is rising, the numbers are not impressive. A good majority of the leadership positions are also held by men.
India is likely to capture around 15 per cent of the over $54 billion knowledge process outsourcing industry worldwide by 2010 from 5 per cent now, the ministry of communication and IT said.\n\n
Nasscom states the Indian gaming industry, estimated to be around $48 million (around Rs 210 crore) in 2006, is expected to cross $424 million (around Rs 1,900 crore) by 2010.
Information technology firms that announced a boycott of the city's annual IT exposition protesting poor infrastructure received support from National Association of Software and Service Companies
The company's endeavour is to get independent of this visa matter as much as possible, Vishal Sikka said.
This provides for H-1B extensions beyond the 6-year limit.
Destination India is the buzzword, says TCS MD and CEO S Ramadorai
'Indian companies has a responsibility to create jobs for Americans, too'
