Venture capital funds and private equity investors disbursed an estimated $1.3 billion in India in 2004, a growth of 49 per cent over the previous year
Nasscom estimates say that 2.4 million jobs would to be created for IT personnel by the end of the Tenth Five-Year Plan.
National Association of Software and Service Companies, which has been advocating for data security laws for long, made an about turn on Thursday and said that the industry does not need more laws.
In contrast to the growth on IT and ITeS front, disbursements of venture capital and public equity funding halved to $540 million during 2003 in India
The US move to reduce the number of H1B visas to 65,000 from 195,000 will affect the Indian information technology industry in the long run, Kiran Karnik
He said it is natural for India to hold its 1st overseas start up event in the Silicon Valley.
Oracle is set to recruit about 300 IT professionals in India by this year-end, Keith Budge, regional managing director, South Asia, Oracle said on Monday.
As the United States plans to reduce the number of H1-B visas to 65,000 from 195,000, India's apex body National Association of Software and Service Companies sought to cap it between 120,000 and 130,000
However, the IT industry body is confident that software exports will touch the $50 billion mark by 2008, as predicted earlier.
Infosys has been focusing on winning more lucrative digital technology and automation outsourcing contracts.
A majority of the companies said the law, aimed at jobs with a monthly salary cap of Rs 50,000, will result in them leaving Haryana or growing their operations in other states and abroad.
While the first wave of moving work to India was driven by cost considerations, increasingly companies are banking on local talent to add value to their business by jointly developing products and solutions.
MAG was constituted by Department of Electronics and IT in February 2014.
The Rashtriya Swayamsewak Sangh (RSS) on Sunday distanced itself from an article critical of Indian software major Infosys that was published in Panchjanya, a magazine associated with the saffron organisation.
Nasscom and the Chinese government have given the task of creating a matchmaking platform to Zeta-V, set up in June 2017 in Shanghai by Sujit Chatterjee, former CEO of TCS China, and Rangarajan Vellamore, former CEO of Infosys China.
NavIC consists of a constellation of seven satellites and a network of ground stations and is touted to be more accurate than GPS.
The Customs clearance required for moving equipment like laptops, desktops, etc out of SEZ units was delaying things as the clearance had to be taken in person after a first level of approval online.
The industry employs about 10 million workforce.
Shareholders are slated to vote on July 18 on the $24.4 billion buy-back offer of Michael Dell and private equity firm Siliver Lake to go private. But reports suggest that there are, however, stiff opposition, with counter offer.
At the end of Q1, Infosys had 1,79,523 employees.
A group of six US lawmakers had recently introduced 'The US Call Center and Consumer Protection Act of 2013' in the Congress that requires overseas call centre employees to disclose their location to US consumers.
The catchwords today are digital, analytics, robotics.
The race to nail the elusive sun has begun! In what was relatively a virgin market, Indian software companies are now making a beeline to enter the $200 billion Japanese software market.
Sixteen major contracts worth nearly $14 billion to be renewed by June 2018 but uncertainty looms large.
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The IT bellwether currently has about 28,000 employees in West Bengal in different facilities and it expects to recruit around 4,000 more in the current year.
This will be the first time BJP's prime ministerial candidate holds a discussion with IT, telecom czars.
Nasscom's current president Som Mittal's term expires in January. However, Chandrasekhar, expecting to get the necessary approvals from the government soon, will start work from next month to get familiar with the organisation.
Nasscom recommended that there should be 'no double dipping'.
Theresa May's visit to a Bengaluru aerospace systems supplier is seen as the UK's strategy to pursue new defence deals.
Amid headwinds across global markets, US issues fresh restrictions on H-1B visas. Ayan Pramanik & Raghu Krishnan list out the many ways in which this impacts the Indian IT industry.
Nasscom had estimated 12-14 per cent growth for the Indian software services industry in FY'14, and it aimed to achieve revenue of $300 billion for the IT industry by 2020.
Nasscom chairman Ganesh Natarajan, who will lead the team that will also have president Som Mittal, said the five-day visit would focus on three things -- totalisation agreement, immigration issues and benefits of outsourcing. Nasscom is lobbying for totalisation pact with the US, which already has this agreement with several countries to avoid double taxation of income with respect to social security taxes.
The US government should not only look at salary, but also focus on skills while making immigration reforms
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