IT industry association Nasscom on Tuesday said the export revenue target of $50 billion by 2010 will be delayed by 3-4 quarters due to the global economic downturn, and warned of uncertainties in the near future.
After his retirement from Infosys last year, Gopalakrishnan has been active in philanthropy, science and technology
AI, cloud computing, data analytics are a few areas companies are looking for proficiency in
First, the US today has bigger economic headaches than outsourcing.
There is discrimination against women in insurance cover. As a flood of insurance companies tap the capital markets with public issues, there is however, hardly any reference to this asymmetry. Subhomoy Bhattacharjee reports
'India is the number one IT destination in the world as we have the largest number of IT professionals in the world.'
Infosys executive co-chairman Kris Gopalakrishna today said IT industry should create new products and revenue streams to achieve the $300 billion revenue target by 2020.
Phaneesh Murthy, CEO, iGATE, is one of few businessmen who openly said Obama's re-election is not the best news for IT outsourcing industry.
"The global meltdown is an opportunity for our customers to come to India. We (IT industry) faced a crisis in 2001. Our customers came to India in 2001," IT company Mastek founder Ashank Desai told reporters at the India IT 2020 Conference.
The minister said she has already taken up the matter with the Finance Ministry.
Infosys chief Vishal Sikka took home an annual salary package of $7.45 million (about Rs 48.73 crore) for the 2015-16 financial year.
Corruption is an endemic part of the system, so why should Satyam be subject to higher ethical standards by auditors, bankers, etc. than some other company?
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.
An innovator creates intellectual property for a need no one knows exists, says Chandru Chawla.
City-wise, Delhi NCR was the only metro to report a rise in hiring activity in April.
Information Technology's trade body National Association of Software and Service Companies will revise its industry growth forecast in the first week of December. Though the industry would be able to meet the $60-billion target for 2010, the body may revise software exports growth forecast downwards by few percentage points for 2008-09 due to the US financial turmoil.
Majority of the revenue for the Indian IT industry continues to come from low value addition jobs like manpower provisioning and low-end support services, Modi said in Bangalore at the ICT event Bangalore IT.biz. Modi stressed that the IT industry has to reinvent itself, must focus on innovations, and on systems rather than being comfortable with services.
TCS is tapping an emerging opportunity called IT modernisation, which potentially could be a growth driver for the entire IT services industry for the next two to three years, says Raghu Krishnan.
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.
The country's second largest software exporter Infosys Technologies on Thursday said the domestic IT industry is likely to grow by 15 per cent this year against 30 per cent growth last year in the wake of global slowdown.
His global experience, deep business acumen and long association with the Tata Group will prove invaluable in his new role: ICICI Bank MD and CEO Chanda Kochhar.
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.
One of the good things about our business is, if customers are under pressure and in a cost-cutting mode, we are able to provide more efficient solutions.
The performance of the auto component industry was impacted by moderation of vehicle sales in India in 2011-12.
If shutdown stays for an extended period, there would be an overall macroeconomic impact that may affect the IT industry.
S Premkumar has joined as the Group CEO -- Healthcare Services, Apollo Hospitals, one of the country's largest hospital chain.
Infosys felicitates outstanding researchers in various fields.
Learn from your successes more than your failures remarked Ashok Soota at an event held in Bangalore.
In the midst of a sluggish growth and fears of a recession in the US, National Association for Software and Services Companies has chalked out 6 areas of emphasis in the financial year 2009. Nasscom said Indian IT sector would achieve the $60 bn target in the next 2 years. Thrust areas for the industry include: community, collaboration, societal development, inclusivity, green IT, education and skill-building. Nasscom said US slowdown will not have any long term impact.
MSI, Lenovo, Asus, Acer and Samsung are all showing of their Windows 8 line-up at Computex 2012. Intel says more than 20 Windows 8 tablet in the works on its platform.
Prime Minister Narendra Modi will address the India-US Startup Konnect and share his vision on 'Start up India, Stand up India' as part of his US visit later this month.
Steps such as safeguard duty in the works to plug the route
The IT major had reported a net profit of Rs 3,398 crore in the year-ago period, it said in a BSE filing.
We could be on the brink if our export industries actually start losing jobs, says Shreekant Sambrani.
Over the past few months, Infosys has been battling allegations by Murthy and other former senior executives of falling corporate governance standards.
US election results may not reverse Indian markets' bearish trend, says Devangshu Datta
He said both countries are opening new areas of cooperation in the energy sector, telecommunications and science and technology and they have set up funds to facilitate investment in high technologies.
A consortium of three US-based firms - AECOM, KPMG and IBM - was given the task of developing the master plan.
Industry analysts provide their insight into Budget 2012.
The information technology (IT) industry has increased its contribution to the country's GDP from 1.2 per cent in 1997-98 to 5.2 per cent in 2006-07, according to a Nasscom-Deloitte study.
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