Indian software companies have a huge potential to grow. And investors are likely to reap advantages of the same.
'We are on a whole different level of complexities and fundamental change is happening in the industry. There is a need for organisations to design themselves to deal with such complexities.'
The company is the third largest employer among foreign IT companies in the country, after Accenture and IBM
Almost all Indian IT companies would pay between $8,000 and $10,000 per H1B visa from April 1
The challenges before the IT industry are many and its response over the coming months will shape the future of what has been one of the most vibrant value-creating and livelihood-enabling sectors.
India faces shortage of people for high-end industrial work that is based on research and development, Kiran Karnik, president of National Association of Software and Service Companies said on Monday.
Software and services exports from India are expected to grow 34 per cent year-on-year in 2004-05, two per cent more than the target set by National Association of Software and Service Companies.
While Indian IT has known what is coming and has a strategy ready to combat it, the same can't be said about the country and the government.
Wipro chairman Azim Premji has projected IT software and IT-enabled services exports to touch $19-20 billion this fiscal.
In an environment marked by high employee attrition and turnover, a majority of Indian IT and ITeS firms have positioned their compensations above the market median
Congress President Sonia Gandhi, noted industrialist Ratan Tata and Nasscom president Kiran Karnik were named among 25 'Stars of Asia' by the US-based magazine BusinessWeek for being in the 'forefront of change.'
Indian animation industry has a potential to touch earn a revenue of over $1.5 billion by 2005 compared to the current $1 billion
Technology evolution forces private players to downsize operations.
The company has been a part of the start-up ecosystem in a big way from early stages right up to when the companies start achieving full scale.
US software major Cognizant Technology Solutions will invest $ 35 million in India to expand its infrastructure and development centres.
Stronger rupee likely to take a toll; Infosys results on April 13 to be keenly watched
The Indian manufacturing sector has the potential to emerge as the global hub, especially on account of its skilled manpower, advanced technology and software expertise.
IT spending in India accounts for even less than one per cent of the annual turnover of the companies though domestic software market is estimated to grow to $4.2 billion in the current fiscal, according to a Nasscom survey.
The government has prepared a draft of the Data Protection Act, which would help protect data and confidentiality of businesses in the country, a top official of the information technology department said on Thursday.
Indian software and services exports achieved 25 per cent growth during the fiscal year 2002-03, touching a revenue of $9.5 billion.
The apex body said that the annual Indian software and service exports was expected to reach $50 billion by the year 2008 and of this Japan alone would account for three to four billion.\n\n
Did you know that India is among the top five countries in food processing?
Bruce Chizen, the chief executive of publishing software maker Adobe Software, is visiting India from Tuesday to take stock of the company's operations here and to interact with customers.
Patni Computer Systems Ltd will set up a development centre in China, mainly to cater to the Japanese software market, a company executive said on Thursday.
India's value proposition and overall shift towards offshore information technology and IT-enabled services will lead to an annual growth rate of 35 per cent in the sector.
Specialised information security manpower will become a major requirement for the Indian IT sector with the demand for such professionals projected to rise to 77,000 in 2008 from 18,000 at present, Nasscom said.
With the Finance Minister deciding against holding pre-Budget meetings this year, this series tries to look at what leading businessmen, economists and politicians wanted to tell the minister
Trading sentiment remained distinctly weak due to the cash crunch arising out of the government's move to demonetise Rs 500 and Rs 1,000 notes to flush out black money amid concerns about its impact on small and medium-sized businesses which largely run on cash.
Accounting for a meagre 0.2 per cent of the global sales in 2002, India's software product revenue in 2002-03 touched Rs 1,000 crore (Rs 10 billion) with exports accounting for 60 per cent, according to Nasscom Strategic Review 2004.
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