Wuxi City has invited Indian IT firms to set up their units for a deeper cooperation in service outsourcing.
The Indian IT market grew 26 per cent year-on-year in 2004 to touch Rs 95,277 crore (Rs 952.77 billion), according to a study by consultancy firm Skoch.
India has expressed concern over the hike in visa fee by the US, saying it is "discriminatory" and largely affects Indian IT professionals.
A 41-year-old Indian IT consultant was brutally stabbed to death in Australia, just 300m from her home, police said on Sunday as they launched a probe into the horrific attack.
The industry has registered a 29-fold increase in patents over 2005-2008.
Decline in hiring is not a surprise and is consistent with slowdown in growth rates and efforts of Indian IT to drive up productivity, says the report
After his retirement from Infosys last year, Gopalakrishnan has been active in philanthropy, science and technology
With a total compensation of Rs 1,500 million, C P Gurnani of Tech Mahindra is the highest paid CEO of a tech firm.
The hiring scenario is for the batch that passes out in 2024. These are graduates who will be impacted, given 2022 graduates are not fully absorbed and 2023 onboarding still incomplete.
Indian IT firms companies having their operations in Malaysia are showing great amount of interest in investing in residential properties in Malaysia. Over 700 Indians have acquired residential properties.
Despite lay-offs and the threat of automation, the industry will continue to be an important driver of growth in employment and GDP, says Ashok Soota.
The Indian IT industry is in for a tougher visa regime in its biggest market, the US. Firms such as Infosys, TCS and Wipro that send thousands of techies on short-term business assignments to the US will now have to disclose personal details of these employees and names of the American companies they are assigned to.
Amid Trump's expected action against employment visas, India's bellwether IT firms reveal they have been preparing for this eventuality for years.
After Tata Steel's successful bid to acquire much-larger Anglo-Dutch steelmaker Corus, the trend of small companies acquiring larger firms could soon find its way into the Indian IT space, a new study shows.
Indian IT companies are undeterred by talks of a US slowdown.
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.
Over $100 bn in revenue but sector battles evolutionary challenges.
While TCS, Infosys and Cognizant have hinted at a weak quarter, analysts say the slowdown is cyclical and growth will return after the US elections
Among the Sensex firms, Kotak Mahindra Bank, Tata Steel, ITC, ICICI Bank, Bajaj Finserv, Maruti, Mahindra & Mahindra and State Bank of India were the biggest winners. Tata Consultancy Services, Infosys, HCL Technologies, Tech Mahindra, Asian Paints, Wipro and Tata Motors were the biggest laggards.
Cloud computing is helping corporations create new, cost-effective business models
Canada and Mexico emerge as preferred destinations to service clients in the US; east Europe and Nordic nations are favoured alternatives
IT companies hire an average of 50 students each from engineering campuses and 20 students from management institutes. Headhunters confirm that many of the IT companies have given them mandates for hiring over the next couple of quarters. "We have seen an uptick in the hiring patterns among the IT firms. We ourselves have received good mandates from firms like Infosys and others.
Even as the Indian IT industry is studying the fine print of the European Union (EU) to expand the scope of value-added-tax (VAT) from January 1, to include services like back-office operations, call centre work and administrative services delivered from non-EU nations (including India), it does not appear to be unduly perturbed.
Major IT firms such as Tata Consultancy Services, HCL Technologies, Infosys, Cyient, and L&T Technology Services have direct exposure to Boeing or its suppliers' ecosystem, which comprises engine manufacturers, body suppliers, and avionics providers. These firms provide services like application development, testing, engineering, avionics, and business process management for the Boeing 737 Max programme.
'Investors should hold equity assets for 3 to 5 years.'
Experts believe it will take another three to five years for Indian IT firms to move to a non-linear business model.
Faced with competition from low-cost locations and inefficiencies associated with unwieldy growth in head count, Indian IT companies are exploring non-linear growth strategies.
The current financial year would be a twilight year for the Indian information technology sector as the earnings of these companies may witness a declining trend, while there stocks could deliver positive returns, a report says.
Analysts see problem continuing as over 60% of revenue comes from North America.
Analysts believe that the worst might be over for Indian IT and the sector might just be entering a stabilisation zone. However, they caution that it will be at least a year before tech companies start growing again, even though the Indian economy might revive earlier on the back of strong consumer demand.
Can Indian youth work on solutions for cyber security?
New Delhi has made it clear that any blow to its outsourcing industry would make the country less receptive to helping American companies that run into trouble in India
This move is expected to restrict movement of H-1B visa holders.
Indian IT companies, which participated in the CeBIT 2009 in Hannover, expressed confidence that innovative skills of the software engineers and IT professionals along with their ability to adapt to the rapidly changing situation in the markets around the world will help cushion the impact of the global economic meltdown on the industry in India.
The Indian IT industry will grow to Rs 2,47,000 crore ($55 billion) by the end of calender year 2008 from Rs 87,000 crore in 2003, according to a latest study.
Indian information technology vendors may be missing an unfolding opportunity in the current American recession, Gartner India, the research firm, has warned.
Ahluwalia said India is also interested in stepping up cooperation with China on railways development.
'IT firms are growing aggressively and some will emerge as global giants.'
'Cognizant's results indicate that digital related spends can more than offset headwinds in traditional services'
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