The executive council, which met in Chennai on Monday, stated, "Som Mittal is doing an outstanding job in leading Nasscom as president.
Mittal, who is the head of services business of Hewlett Packard for Asia Pacific and Japan, will succeed Karin Karnik and will assume office from January 2008.
Sanjay Hegde, the Karnataka counsel in the Supreme Court, said that this is the maximum punishment Mittal could attract if found guilty.
Som Mittal, president and chief executive officer of Digital GlobalSoft Ltd will take over as chairman of the National Association of Software and Services Companies.
The Supreme Court on Thursday allowed the prosecution of Som Mittal, chief of National Association of Software and Service Companies in the Pratibha Murthy murder case.
Som Mittal talks about the industry challenges, the next big disruption for the IT industry.
Software industry body Nasscom expects the country's information technology (IT) services sector to grow 13-14 per cent in the current financial year and to touch $225 billion (Rs 13.22 lakh crore) by 2020.
It's for the first time that someone from the industry will hold the position of president at Nasscom.
US President Barack Obama's just concluded visit has helped in breaking myths and stereotyping of India as "stealing jobs", apex IT industry body Nasscom said.
Wants sops to encourage investment and promote entrepreneurship.
With some IT majors performing below industry expectations, Nasscom on Wednesday said smaller and mid-size companies, which adopted different strategy after the 2008-09 economic crisis have peformed well, posting up to 20 per cent growth.
Last year, Nasscom hired influential lobbyist, public relation and law firms to plead the case of Indian firms with Congressmen.
The immigration Bill from a bipartisan group of US Senators will hurt US companies as much as Indian IT service providers.
In his State of the Union address to the US national legislature on Tuesday, Obama said: The American people deserve a tax code that lowers incentives to move jobs overseas and lowers tax rates for businesses and manufacturers that create jobs right here in America.
Mittal said the US continues to face shortage of IT skills, and expressed hope that there would be comprehensive changes in immigration policy.
Indian offshore engineering research and development (ER&D) services market is expected to reach USD 37-45 billion by 2020 and create over one million jobs, software industry body Nasscom said.
Admitting that the global economic environment was still 'uncertain', IT body Nasscom said on Tuesday the fundamentals of the domestic IT industry are strong but there was a need to 'wait' and 'watch' its performance in the next two quarters.
Nasscom will give out future estimates in February.
The US has emerged as a preferred destination for Indian investment. In fact, India now ranks second, behind the UAE, in the list of fastest-growing foreign investors in the US, he argued in his article.
Describing US "protectionist" moves as a "disturbing trend", apex IT industry body NASSCOM on Wednesday said it hoped that America will make more investments to create jobs, instead of taking such "regressive" actions.
India on Friday launched an aggressive campaign to showcase its IT prowess in China to woo local companies in order to bridge the trade imbalance between the two nations.
The software lobby Nasscom on Friday expressed concern over developments in Andhra Pradesh in the wake of Justice Srikrishna Committee report over Telangana issue and cautioned that prolonged unrest might hamper business and could lead to jobs being moved to other states.
Software industry body Nasscom on Tuesday maintained its growth projection of 16-18 per cent for the sector in this fiscal, notwithstanding concerns over economic uncertainty in global markets.
The apex body representing Indian IT industry, Nasscom, on Wednesday said that small and medium enterprises (SMEs) would drive growth in the sector and help India maintain its lead globally.
Small and mid-sized IT companies offer the best way to take advantage of the next stage of the emerging market growth story. According to Nasscom, the apex body for the IT industry, the industry expects to grow by 11-14 per cent and this growth will be driven by small and medium companies, which are performing better than tier-I companies.
US President Barack Obama's proposals to amend the US tax structure since it allegedly encourages creation of ". . . a job in Bangalore, India, (rather) than create one in Buffalo, New York", has made the IT sector in India edgy.
"There is no reason for us to be worried... We have spoken to customers and they are looking at expanding into geographies and bringing newer solutions to the market," Nasscom President Som Mittal told reporters in New Delhi on the sidelines of the Nasscom BPO Strategy Summit 2011.
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.
It has apparent "negative connotations" in some mature markets such as the US.
Driven by steady recovery in demand for technology services, the Indian IT industry is expected to hire about 2.5 lakh people during this fiscal, software representative body Nasscom said.
National Association of Software & Services Companies president Som Mittal said that growth has come back to India's IT and ITeS industry and 'the growth is going to be very different from the growth that we had in the past'.
Buoyed by steady recovery in demand for technology services, the Indian IT-BPO sector is estimated to grow 19 per cent in 2010-11 to $76 billion in revenues, software industry body Nasscom said.
Nasscom, India 's information technology industry lobby, played down concerns about outsourcing ahead of the US presidential elections when the issue of job losses usually becomes a prominent issue.
IT industry body Nasscom on Tuesday said the sector will regain double-digit growth from April next year leaving behind the prolonged recession.
"People would come to India because they need to leverage talent wherever it is available. By 2025, the Asia Pacific economies will cross that of Europe."
Nasscom president Som Mittal shares his view on issues such as the rise in value of the rupee against the dollar, hiring trends and the role of IT in e-governance.
The National Association of Software and Services Companies -- Nasscom -- on Monday announced the appointment of Ganesh Natarajan, deputy chairman and managing director, Zensar as the chairman of Nasscom for the year 2008-09. Pramod Bhasin, president and CEO, Genpact has been elected as the vice chairman of Nasscom for the current year.
Unless the law specifies, top executives are not liable for the fault of their employees.
Undaunted by US President Barack Obama's Bangalore-Buffalo remark, the domestic IT industry said the comments had nothing to do with outsourcing or with India.
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