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.
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.
NMDC Ltd has decided to set up its second steel plant in Chhattisgarh and is in talks with two companies to form a joint venture. One of them is Tata Steel.
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.
Gold and silver prices here surged to new record levels today on frantic buying by stockists and jewellers, triggered by a strong rally in overseas markets.
Many members of the association, who had bought shares of the IT firm at Rs 540 some four months back, had suffered heavy losses when the scrip crashed to Rs 39 on Wednesday, he said.
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.
Union minister Sanjeev Baliyan and BJP MLA Suresh on Friday surrendered in a court in Muzaffarnagar after a warrant was issued against them.
With gang violence skyrocketing in Vancouver, Surrey and Toronto, the federal government is introducing two bills in the House of Commons: The first is to amend the Criminal Code to target organized crime; the second is to focus on illicit drugs.
Content with the money he is making at the Indian Premier League, troubled Australian all-rounder Andrew Symonds says he has no desire to return to international cricket as he doesn't want to be tied down by rules and regulations again.
The National Institute of Technology Calicut -- School of Management Studies (NITC-SOMS) offers two year full time MBA.
"Citigroup intends to raise workers' base salaries by as much as 50 per cent this year to offset smaller annual bonuses," the The New York Times reported quoting people with direct knowledge of the plan. The company, which has received three bailouts from the government, also plans to award millions of new stock options to employees in an effort to retain workers and neutralise a precipitous drop in the value of their stock holdings, it added.
Eight-times Grand Slam winner Andre Agassi admits to using the recreational drug crystal meth in his new autobiography, People magazine's website reported on Tuesday.
I think the United States must realise that today 60 to 70 per cent of the growth of the revenues of large American companies comes from India and China.
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.
This is the first full-scale review of VIP protectees by the Union home ministry after the Modi 2.0 government took charge.
The seventh round of talks between protesting unions and three central ministers ended inconclusively on Monday as the farmer leaders insisted on the repeal of the three contentious farm laws right from the beginning, even as the government listed various benefits from the Acts.
Helping his students to gain the ability to surpass the teacher himself is what he considers his most important contribution as a teacher. He keeps exhorting students to work hard, aim higher and think outside the box. 'If you are one among the crowd, you will not be noticed,' he tells them. 'If you want to go up you must be different and surpass the achievements of others.'
NMDC chairman Rana Som has left for the Panna reserves to assess the production and commercial operations of the mine and understand the commercial viability of the project to come out with a definite date for resuming mining in the area. Last month, the steel ministry had said the reopening of the mine will be a top priority for the government.
"This money will be used for the revival and modernisation of the PSUs," BRPSE Chairman Nitish Sengupta said. He said instead of providing budgetary support, the option of land sale could be considered for the revival of units in some cases. Elgin Mills in Kanpur, Kolkata-based National Jute Mills, National Textiles Corporation and HMT are among those which have been permitted to sell their surplus lands.
The all star cast makes this romantic comedy about people searching for love in all the wrong places, a fun ride.
Indian IT companies can take a breather as the US Senate vote for imposing stringent conditions on the hiring of H-1B visa workers.
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.
The fund will close in two tranches, with the first tranche of $ 100 million expected to close in two months. However, the company has not set any time-frame for raising the entire corpus of the fund. In addition, Dewan Housing Finance, the parent entity, is also looking to raise Rs 150 crore (Rs 1.5 billion) to bolster its operations. The fund-raising may also be in the form of equity dilution.
In an hour-long chat on Thursday, direct tax expert Vikas M Gandhi offered some valuable tips.
Unless the law specifies, top executives are not liable for the fault of their employees.
"All such reports are false. These are rumours," Sampla told reporters after meeting Shah.
The minister also hoped that a resolution should be reached before the year ends and asserted that the Modi government is committed to address all genuine concerns of the farming community.
"There would be some resetting of expectations", president of Nasscom, Som Mittal, said on the sidelines of 'TiE Entrepreneurial Summit 2008 (TES 2008)' in Bangalore. He indicated that the Nasscom would come out with a clear view vis-a-vis the growth forecast in Junuary first week, saying 'it may happen before the quarterly results start coming out'.
IT industry body Nasscom on Monday said the country's IT companies, which exports 90 per cent of software and services to the US and Europe, may see a decline in new orders due to the global financial crisis.
IBM Corp's CEO and Chairman Samuel J Palmisano today called on Communications and IT Minister Dayanidhi Maran to discuss company's plans in India.
NMDC Spice International, a proposed 50:50 joint venture between state-owned miner NMDC and Spice Minerals and Metals, a part of the Spice Energy group, is close to acquiring two iron ore deposits in Armenia. The acquisition is likely to entail an investment of $500 million (Rs 2,173 crore).
"While $30 billion is the achievable target, 50 billion is the aspirational target", Nasscom President Som Mittal said on Tuesday while releasing the findings of a study on India's BPO industry conducted jointly with the Everest Group, a global strategy consulting group.
It is hard for the lay observer to understand why it should take 60 hours for crack commandos of the National Security Guard to clear a hotel of four attackers.
A student at Texas A&M University, USA, shares some pointers on how to go about picking a roommate in a foreign country.
John Buchanan's new role would see him conduct coaching seminars around Australia, apart from shaping the direction of coach education.
Farmer leader Joginder Singh Ugrahan said told reporters after the meeting that the unions urged the government to repeal the three laws, but the Centre was unwilling to do so. "We decided to meet again on January 19 at 12 pm," he said.
In Hyderabad alone there are 4 sleeper cells and each of the cells has at least 6 members.
The growth rate might come down by six per cent due to the competition besides economic uncertainty and lesser IT spends by the US, Nasscom President Som Mittal said. "A recent survey by Nasscom revealed the industry grew by 28 to 29 per cent in the last few years but our forecast is that it will go down to 22 to 24 per cent," he said while releasing the survey earlier this week.
Education boards have instituted remedies for For students let down by their Class X results: re-totaling, revaluation and re-examination.
