Advances in technology could render much of the Indian IT services industry obsolete.
The Indian IT and IT-enabled services industry is expected to grow at 10.8 per cent in 2009, the lowest in the last five years, due to the global economic meltdown, a report said.
They remain a popular choice for the young generation and offer numerous job opportunities for graduates from various backgrounds.
With a gradual erosion in valuation of mid- and small-sized IT and IT enabled services firms on the stock markets due to rupee fluctuations and a US slowdown, experts estimate as much as 50 per cent rise in merger and acquisition deals in the domestic IT industry over the next 12 months.
VCFs plan to disinvest their IT holdings to ITeS firms and gain from local markets
This is the largest foreign direct investment proposal in the state and represents a five-fold increase from an earlier announcement by GFH for a $2 billion to $2.5 billion investment in an "energy city".
The effects of the sub-prime crisis and the resultant slowdown of the US market is evident on the margins of Indian information technology (IT) and IT-enabled Services (ITeS) firms. Business process outsourcing (BPO) firms such as Firstsource, Pune-based HOV Services, Zenta, Aegis BPO and others have been receiving inquiries from existing as well as new customers for ramping up their account receivables management (ARM) business.
Total investments in the first six months of 2017 was a record $11.34 billion
Amidst controversies, global IT giant Hewlett Packard has decided to drop its plans for a Special Economic Zone in Bangalore
We feel this Budget needs to focus on the domestic IT market in terms of increasing the profitability of service providers as well as giving incentive to industry for investing in IT.
The third CITU strike in West Bengal and the move of unions to call the shots in Kerala's IT sector are developments that the IT industry, at large, has denounced.
Union Communications Minister, Dayanidhi Maran, wants India to accept market-driven technologies.
R Karthik Shekhar took the lead to float the Union for Information and Technology Enabled Services in September 2005.
Videsh Sanchar Nigam Ltd and Cable & Wireless have tied up to provide enhanced global connectivity services to Indian corporate customers in the IT-enabled Services segment.
The outcry in the UK over outsourcing of jobs to India has largely settled as unions have understood that it would lead to efficiency of British companies resulting in more jobs, British MP Stephen Pound said in Kolkata. \n
Maintaining that the Indian equities remain a good asset class in the long-term, Citigroup on Monday said the return on equity of companies in India is one of the best in the world.
GE Commercial Finance will invest $63 million in the Indian IT Parks Fund, sponsored by Ascendas Pte Ltd.
Information technology and IT-enabled Services will continue to drive the employment generation in the country for the quarter July-September 2005, according to a Ma Foi Employment Survey.
The Confederation of Indian Industry is organising 'Digital Maharashtra', an IT convention in Pune on November 29 to showcase the business climate and investment opportunities for the infotech industry in the state.
Software and services exports from India grew 33 per cent year on year in 2005-06 to $23.6 billion according to industry body Nasscom.
Telecom regulator TRAI feels that there is some scope for further reduction in the bandwidth prices, which has the potential to cause a fall in the cost of telecom and IT as well as IT-enabled services in the country.
Scope International, a wholly owned subsidiary of Standard Chartered Bank, is planning to get its additional facility at Chennai ready by this November, a top official of the company said in Chennai on Monday.
Software companies registered with STPs in Haryana, UP, Delhi, West Bengal and Orissa have also posted strong growth.
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