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
Almost all Indian IT companies would pay between $8,000 and $10,000 per H1B visa from April 1
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.
So what's up? Why are so many promoters heading for the door? It cannot be that all of them lost their appetite for a good fight at the same time.And if Naresh Goyal of Jet Airways and Subhash Chandra of Zee Entertainment do bow out, will it be seen as chickening out when the going got tough or the entrepreneurial instinct of surviving to fight another battle waned, wonders Shailesh Dobhal.
Technology evolution forces private players to downsize operations.
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.
Software employees can opt for company-run programmes, online courses, boot camps to upgrade skills.
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.
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
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.
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.
'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
Amid the controversy over the introduction of a bill proposing to ban L1 visas under which intra-company transfers take place to the US, Tata Consultancy Services said on Wednesday that though the company is concerned about the situation.
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.
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.
India urgently faces a shortage of around 200,000 IT and ITeS professionals. The shortage is bound to grow to 3.6 million in the next eight years.
Stronger rupee likely to take a toll; Infosys results on April 13 to be keenly watched
If the current growth trend in the IT industry continues, software and IT services will contribute 8 per cent of the country's gross domestic product by 2008, Nasscom president Kiran Karnik said on Saturday.
State governments will spend close to a staggering Rs 15,000 crore (Rs 150 billion) on computing their operations over the next five years, a Nasscom study has predicted
'Software industry on track towards 30% exports'
According to Nasscom estimates, Rs 900 crore in revenue was lost in 1999-2000, Rs 1200 crore in 2000-01 and Rs 1700 crore.
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.
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.
About 80 per cent of the companies that are registered are essentially non-IT.
Non-profit Code for India, which inspires techies to volunteer their time and talent to the developing world, on Thursday announced that parallel India-US hackathon will be held at the Google campuses in Bangalore and in Mountain View, California.
The six service lines that Infosys is focusing on include manufacturing, retail, consumer packaged goods, logistics, lifescience, energy, communications, financial services and insurance.
The US president's stance on immigration could lead to a change in H1B visa rules.
A recent McKinsey report warns that unless IT professionals re-train themselves, they could become irrelevant.
A RBI constituted panel on financial inclusion headed by Nachiket Mor had recommended the setting up of the payments banks in order to deepen access to finance.
Most positives seem to be factored into current valuations.
IIM Ahmedabad's CIIE signed a MoU with Tata Trust for founding partner for the Bharat Fund, which will provide seed funding to Indian entrepreneurs.
Infosys forecast a 10.8-12.3 per cent sales growth in the US dollar terms for 2016-17.
Job cuts in Indian IT companies will be 1.75 -2 lakh per year in next 3 years, due to under- preparedness in adapting newer technologies, says Head Hunters MD
The first phase of integration is already over
