The January-March quarter results for FY2009 reflect the muted growth of Indian IT companies. A look at what lies in the future for the companies in this sector.
Apart from textiles, gems and jewellery, engineering, chemicals and petrochemicals, which are the sectors where the state has proved its strength, the new policy will focus on potential sectors such as agri business, fisheries and informal sector. Emerging sectors such as IT/ ITEs, nano technology, biotechnology, non-conventional energy resources have been given priority in the policy.
The '$10, world's cheapest laptop', developed in India has been given a quiet burial with the government placing an order for 250,000 XO laptops from the Nicholas Negroponte-led One Laptop Per Child (OLPC) Foundation.
The '$10, world's cheapest laptop', developed in India has been given a quiet burial with the government placing an order for 250,000 XO laptops from the Nicholas Negroponte-led One Laptop Per Child (OLPC) Foundation.
The '10-dollar, world's cheapest laptop', developed in India has been given a quiet burial with the government placing an order for 250,000 XO laptops from the Nicholas Negroponte-led One Laptop Per Child Foundation.
"HCL's employees know that bill tightening has to happen, but in a collaborative manner. There is a trust factor between the employees, the company and the customers and we do not have a pink slip policy. That is why we squeezed utilisation up to 75 per cent and our hiring in the last two quarters has not been much," says Vineet Nayar, CEO, HCL Technologies.
This was decided in the business advisory committee meeting, where the leaders of various political parties agreed for a discussion on the fraud. The short duration discussion in the Lok Sabha was listed for February 13 but was deferred following a request from leader of the Opposition L K Advani.
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Global investment is agnostic when it comes to nationalism, says Kanika Datta.
Shareholders are slated to vote on July 18 on the $24.4 billion buy-back offer of Michael Dell and private equity firm Siliver Lake to go private. But reports suggest that there are, however, stiff opposition, with counter offer.
"Till the second quarter of last fiscal, the industry was on track to achieve the $50 billion export target by 2008-09. The aspiration to reach $60 billion by fiscal 2010 is at risk since an unprecedented slowdown is expected in key markets overseas, especially the US and Europe, which account for about 80 percent of Indian software exports," Nasscom president Som Mittal said. Nasscom has now extended the target year for achieving $60 billion export revenue to 2011.
Mythreyee Ganapathy tells us how she maintains a work-life balance and the challenges women face at their workplace.
At least 38 per cent, or 8.3 million square feet, of its projected commercial space of 21.4 million square feet in its six parks will thus remain indefinitely on hold. The rentals from all these parks were expected to generate revenues for its AIM-listed associate Unitech Corporate Park, which has invested pound 317 million to acquire majority stakes in all the six seed projects in return of leasing rights.
Even as its industrial customers face a crippling slowdown, the railways expects to earn gross traffic receipts of Rs 93,159 crore (Rs 931.59 billion) in 2009-10, exceeding the revised estimates for the current fiscal by Rs 10,766 crore (Rs 107.66 billion).
All but 500 who booked Note 7 phones have bought older devices instead of cancelling their orders but Samsung may still lose market share this festive season.
For Nasscom the priority now is to see that business continues for Satyam. The IT-BPO union Unites Professionals had said that if there is a layoff they will step in.
Within the IT industry, reactions to Barack Obama's historic victory have not been as pessimistic as expected. IT firms have been worried because Obama, as Senator, introduced the Patriot Employer Act of 2007 that gave tax credits for companies that maintain or increase the number of full-time workers in America relative to those outside the US.
Both are designed for safety of women.
Leading software outsourcing firm Cognizant Technology on Tuesday reported a 15.4 per cent rise in net profit at $319.6 million in the quarter to September driven by a strong ramp up in demand for outsourcing services, up from $276.9 million a year ago.
"There would be some resetting of expectations", president of Nasscom, Som Mittal, said on the sidelines of 'TiE Entrepreneurial Summit 2008 (TES 2008)' in Bangalore. He indicated that the Nasscom would come out with a clear view vis-a-vis the growth forecast in Junuary first week, saying 'it may happen before the quarterly results start coming out'.
According to a survey by global information and media organisation The Nielson Company, the IT industry is the most-favoured sector for engineering students who will be graduating in the year 2009. Read on to learn more.
The 3-year partnership to set up a pan India initiative to catalyse the country's technology startup ecosystem was signed today by R A Mashelkar, Chairman, GenNext Ventures and Board Member, RIL, and Bhaskar Pramanik, Chairman, Microsoft India.
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Ramalinga Raju founded Satyam in 1987.
Professor Bhaskar Ramamurthi of IIT-Madras discusses the disparity between academic vision and industry needs with Shobha Warrier/Rediff.com.
iGate Corporation, the integrated technology and operations company, on Thursday announced that its subsidiary iGate Global Solutions Limited has been ranked the top IT employer in India in Dataquest-IDC's 8th annual survey.
Nasscom, India 's information technology industry lobby, played down concerns about outsourcing ahead of the US presidential elections when the issue of job losses usually becomes a prominent issue.
''We have a very difficult period ahead of us.' 'Fortunately we have a popular government and a popular leader who is ideally placed to take us into confidence,' says Aakar Patel.
"Satyam is a specific instance and the the industry's health is good, which is growing at more than 20 per cent. . .World Bank is not a technology issue at all. Its not that there was anything wrong with the technology," IT secretary Jainder Singh told reporters on the sidelines of a CDAC event in New Delhi. Talking about the extension of the Software Technology Parks of India scheme, Singh said that he was hopeful of the move.
Rajan posed the question while speaking at the annual leadership conference in Mumbai National Association of Software and Services Companies.
On the company's performance after entering the Indian market last year, he said the car maker has so far sold 100 units. The company right now delivers cars to customers as completely built units from its headquarters in Sweden.
A slowdown in the global economy and sub-prime crisis in the banking, financial and insurance services sector, its major revenue earners, force the domestic IT industry to take a relook at its hiring strategy.
The Satyam incident did not come as a bolt from the blue for the Bangalore-based IT-BPO union, who had written to the IT industry body Nasscom, the Prime Minister, IT Minister and Ramalinga Raju himself to conduct an inquiry into the affairs of the company in 2008.
The S&P BSE Sensex ended 190 points up at 23,382.
The IT job market, which saw one of the tough phases, especially in the second half of 2008, is likely to witness the worst in the coming year.
"In a worst case scenario, our research indicates an IT spending increase of 2.3 per cent in 2009, down from our earlier projection of 5.8 per cent," said Peter Sondergaard, senior vice president at Gartner and global head of research.
India's efforts at improving the chances of becoming a force in global IT industry depend on factors such as IT policies, infrastructure-building, education, innovation and investment, said Kris Gopalakrishnan, CEO, Infosys.
Citing government data, the British trade body claimed on Monday that employers and foreign technology workers were exploiting lax UK visa requirements and threatening British jobs. The number of non EU information technology workers entering the UK has jumped by 14 per cent in the past year, statistics obtained by the Association under the Freedom of Information Act reveal.
In what will be the first such comprehensive exercise in the IT industry, all the 91,000-odd employees of India's second-largest IT services provider, Infosys Technologies, will now have to pass certification programmes to get promoted. The certification programme, conducted every March, is now being extended across the board and will test the employees' domain expertise, and grade them accordingly to be eligible for promotion.
Unprecedented pay and perks like free healthcare for in-laws helping the likes of Flipkart, Snapdeal tap talent
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