At present, many states are levying additional cess even when the empowered panel of Finance Ministers of states on value-added tax has suggested a four per cent VAT on processed fruits and vegetables, hampering the flow of investment into the sector.
The two companies, which have a significant presence in India, together employs more than 26,000 people in the country.
Wang ranked second on the list this year, with a fortune of 145 billion yuan.
Experts feel oil prices will remain volatile with an upward bias.
On January 7, 2009, Raju wrote to regulator Sebi stating that he had falsified revenue and profits for many years and created fictitious assets.
The country's third largest software exporter, Wipro Technologies, on Tuesday said it is looking for an acquisition in the BPO space, which is likely to be the next engine of growth for the IT industry.
Instead the Chinese IT firms focussed more on the local markets where they are well entrenched.
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.
Taking the supporters of Telangana supporters by surprise the Union government has given its nod to the ambitious Information Technology Investment Region proposal for Hyderabad which envisions an investment of Rs 2.19 lakh crore in and around the city over the next 25 years.
Premji said, Wipro is not feeling the "effects" of the eurozone crisis.
These graduates will have the opportunity to spend a year training and working for TCS at its Innovation Labs and software development centres across India between 2016 and 2020.
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.
The tax authorities challenged a Gujarat high court judgement that had dismissed their appeal holding that Karnik could not be held guilty of even deemed concealment. A Bench headed by Justice D K Jain, while posting the matter for final hearing, rejected Karnik's counsel P K Manohar's plea to allow him to file a counter affidavit.
At present, no harmonised set of admission rules and procedures apply across the European Union. EU has some 27 member states and each state has different regimes for work permit application, making the movement of high-skilled and specialised workers of a company within EU cumbersome.
The retail companies are hoping that the Finance Minister Pranab Mukherjee would accord industry status to the sector and allow unrestricted foreign direct investment inflow.
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The policy will be announced shortly, Minister of State for Communications and IT Milind Deora said on Monday.
United States Border Security, Economic Opportunity and Immigration Modernisation Bill, 2013 has not yet been enacted.
Hiring activity continued to surge in the country's IT capital with the job index moving from 598 in October to 649 in November 2009, up by 8.38 per cent.
Nasscom had estimated 12-14 per cent growth for the Indian software services industry in FY'14, and it aimed to achieve revenue of $300 billion for the IT industry by 2020.
But Indian information technology workers might do better without the companies that held them back, says Mihir S Sharma.
According to experts, while allegations against Indian IT firms of visa misuse are nothing new, this time the scrutiny could be much greater.
Wipro founder and chairman Azim Premji said on Friday that he was 'not hanging up his shoes in a hurry'. He was speaking to the doyens of Indian IT industry and entrepreneurs in New Delhi after receiving the Dataquest Lifetime Achievement Award 2009.
Microsoft is encouraging Indian developers to be innovative and come forward with their new ideas.
Infosys, the country's second largest IT services firm, is open to 'bigger scale' mergers and acquisitions but with a caveat, it is not interested in "yesterdays" companies.
With the US economy showing a positive annual growth rate of 3.3 per cent, the Indian IT industry - which gets over 50 per cent of its revenue from the US - is heaving a sigh of relief.
Trai has invited comments till January 7 on its paper on differential data pricing.
The 39 are being held hostage by Islamic militant outfit Islamic State.
'I am very optimistic about Tech Mahindra'.
Make in India right now is just a slogan. The policy content is missing or not clearly articulated. The lion with cogs and wheels must now show some majestic movement forward, says Rahul Khullar.
IT major Wipro's chief Azim Premji on Friday cautioned the industry that competition globally is hotting up and warned the sector against falling into a mind trap of 'India Advantage'.
Suggesting that layoffs in the information technology and business process outsourcing industry are still less than 1 per cent of the total workforce, top National Association of Software and Service Companies executives have said that the industry has not yet come in the grip of large-scale layoffs.
Malaysia looks forward to utilise the expertise of Indian IT professionals even as the Malaysian construction industry is keen in offering its skills to India, especially in housing projects.
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.
Falling demands from household and corporate sector and a strengthening dollar has hit sales of desktops and notebooks in the country, registering a fall of 19 per cent in the October-December period, said MAIT, an IT industry body representing the hardware sector, on Monday.
India-Israel relations are at a crossroads. Simply chanting old hackneyed mantras on terrorism, secularism, democracy, et al, won't suffice. There is danger of stagnation setting in, says Ambassador M K Bhadrakumar.
India's economic growth had slumped to decade low of 5 per cent in 2012-13
Weeks after NR Narayana Murthy returned to Infosys, the country's second largest software exporter on Tuesday saw its global sales and marketing head Basab Pradhan quitting the company.
It is really unfortunate that this happened during a downturn. We think that in the short term, customers will ask for higher comfort level, which will enable us to go in for more trust-building, says S (Kris) Gopalakrishnan.
While welcoming the reconstitution of the scam-tainted Satyam board, the Nasscomchairman Ganesh Natrajan on Monday said the apex body had advised its members to desist from making "unsolicited offers" to the customers of the beleagured company, which has earned the dubious reputation of being 'India's Enron'.
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