rediffGURU Rohit Gupta, co-founder and COO of College Vidya, offers expert advice on career programmes in India.
Indian IT companies may become more competitive in the UK because EU players would not be able to come to the UK very easily as they would now need visa and work permits
The offshoring model may still have tremendous scope but there are some serious concerns worth keeping an eye on.
The report further said that more experienced workers are paid better than less experienced ones
Investors may take a 5 to 10 per cent exposure to silver. 'Have a long-term investment horizon when investing in silver ETFs to ride out short-term market fluctuations.'
The Nifty IT index rose by 5.14 per cent on Friday (January 12), marking its best performance in a day since July 2020, followed by another 1.9 per cent rally on Monday. With this, the index, which tracks the share prices of India's 10 biggest information technology (IT) services companies, has increased 7.1 per cent in the past two sessions. However, the substantial rally in the index occurred at a time when India's four largest IT companies reported their worst quarterly performance in over five years.
The recession hit IT industry would show positive signs of recovery by mid-2010 and Infosys will diversify into new markets then, a top IT company official said in Chennai on Tuesday.
IT industry hiring big time, but quality concern persists.
It feels worsening economic downturn will dent the internet economy. The only silver lining for the IT sector, which generates about $50 billion for Indian IT services companies, is the likely growth in the services and software sectors 'along with new internet and communications-related products and infrastructure, as they are an essential part of spending and partly recession-proof,' the OECD report said.
Leveraging next generation technologies like artificial intelligence, software services major Infosys is confident of returning to industry-leading growth and regaining its position as the bellwether of the over $100 billion Indian IT industry.
China and Mexico seem to be the target of Donald Trump's campaign and his response to get jobs back to America
Tamil Nadu, the country's third largest IT services exporter, on Friday said it no longer needed investments in the sector and instead asked non-resident Indians to pump in money in manufacturing, be it even for brick kilns.
By posting revenues of Rs 2,135 crore, the training sector also recorded a significant growth, as demand for training within corporations in India and overseas grew.
Nasscom president said moving from single to multiple points could be a challenge from the point of view of ease of doing business
Growing protectionism in their main markets - the US and the UK - has forced them to hire local workers, upending the cost arbitrage model they had built their business on.
A Goldman Sachs report said, in the past also, major crisis have led to a sharp increase in outsourcing and even offshoring particularly to India , thanks to lower wages for technology developers as compared to developed economies, and an increasing annual base of engineering graduates.
The C295 is known to be a superior aircraft used for tactical transport of up to 71 troops or 50 paratroopers, and for logistic operations to locations that are not accessible to current heavier aircraft.
India's IT industry will seek an increase in the number of H1-B (non-immigrant) visas and a mechanism to refund social security taxes paid by Indian professionals in the US, when President George W Bush visits India early next month.
Narayan Murthy says the software industry has boosted the international image of India like no other sector.
Existing optimism about the capital goods sector has been enhanced by the Assembly election results, which were favourable for the BJP. The prospects of political continuity led to renewed interest in the sector. There are demand-supply gaps, especially in power, and visibility of improved pricing and strong order flows, including from private enterprises.
For the Stalin government to win back the confidence of voters ahead of the Lok Sabha polls, post-flooding restoration works, their speed and efficacy would be closely watched, and not just by the political Opposition, notes N Sathiya Moorthy.
For the financial year 2013, the industry will hire around 200,000 of which 100,000 students have already received offer letters. The industry would end FY12 by hiring 230,000.
Patience can be rewarding. 'Post-listing, sanity often returns to valuations of newly-listed businesses within six to nine months. Buy then.'
US' IT industry wants a cap on H!B visas.
'You have to have commitment to both, but it has to be done at the individual level.'
US IT industry has opposed Obama's move to tax overseas earnings.
The government on Thursday said the domestic IT sector has not recovered fully and is expected to grow by 5.5 per cent in 2009-10 against a growth rate of 16.6 per cent in the previous fiscal.
The challenges before the IT industry are many and its response over the coming months will shape the future of what has been one of the most vibrant value-creating and livelihood-enabling sectors.
"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.
The latest Nielsen Campus Track T-Schools study revealed that 43 per cent of India's engineering graduates of the class of 2010 find IT the most desirable sector for a career, followed by automobile/automobile ancillary, telecom, energy-oil & gas, infrastructure/ real estate and power sectors. The meltdown has decreased overall students' preference for management consultancies, financial sector and the IT sector.
As the world celebrated International Day of Persons with Disabilities (PwD) on December 3, corporate India has kept up with efforts to make workplaces more inclusive and accessible. Organisations across sectors are taking initiatives such as equipping offices with practical work tools like Braille-friendly and voice-enabled lifts and screen readers. While inclusion has gained pace, only 11.3 per cent (or 3.4 million out of 30 million) Indians with disabilities have jobs.
Can Indian youth work on solutions for cyber security?
It said while Indian IT services companies were the "disruptors" and had created the modern offshoring industry, they are now incumbents, challenged by a host of specialised and niche start-ups that have emerged in the new digital environment.
IT services or the technology sector in India is going through considerable stress and a bout of dramatic stock underperformance. Investors of all types are now deserting the one-time darlings of the stock market.
Mutual funds (MFs) have lined up information technology (IT) funds, indicating that technology stocks are back on fund managers' radar after a hiatus. Over the past 18 months, stock prices for companies in the software space have either corrected or remained subdued. Fund houses have launched five IT-based sectoral funds in the past three months, with three of them taking the passive route.
A 2011 World Bank Survey clearly indicated that there is a severe mismatch between the actual requirement of IT-ITES industry and the skills of graduates passing out from various institutions pan-India.
The corporate affairs ministry has ordered an inspection of the books of Byju's, a senior government official said on Monday amid the edtech major facing multiple headwinds, including delay in submitting financial statements and concerns over corporate governance issues. The inspection of Bengaluru-based Think & Learn Pvt Ltd, which operates under the brand Byju's, will be carried out by the ministry, which is implementing the companies law. The ministry decided to carry out the inspection after taking note of the developments, including that the company has been unable to finalise its financial statements and that its auditor has resigned, the official told PTI.
An order, issued last year, makes it mandatory for certain electronic products being sold in the Indian market to comply with BIS specifications
In a breather to the troubled edtech company, the steering committee of lenders has agreed to amend a $1.2 billion term loan with Byju's by August 3, 2023, the lenders announced on Monday. Successful execution of the amendment would "immediately" solve the loan's acceleration and end all open litigation while avoiding further enforcement actions, they in a statement. An e-mail sent to Byju's did not elicit a response.
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