If you are a budding developer and interested in Web3, chances are that you will be headed to one of India's largest-ever meetings of Web3 developers, being held by Polygon, a Web3 platform. The company's ongoing "Web3: Made in India Tour" is expected to see close to 4,000 developers coming together at the inaugural Polygon Connect event in Bengaluru on December 1. The event highlights the growing dominance of Web3 developers from India, as well as the sector's rising interest to investors, who continue to invest in startups despite a funds crunch.
The information technology and IT-enabled services sectors are expected to grow 12-14 per cent and clock export revenues of $84-87 billion in the next fiscal, industry body Nasscom said.
As part of its initiatives to work with the Indian law enforcement organisations towards creating more awareness on cyber crimes, Nasscom is in talks with the Maharashtra director of prosecution to train 40 prosecutors every month.
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.
With Indo-Pak relations entering a new phase, the first ever information technology delegation from Pakistan will participate in the National Association of Software and Service Companies' annual summit, starting next month.
Nine companies incubating at StartupVillage have made it to the second round of Nasscoms flagship programme to support 10,000 technology startups across India.
At a recent HR professional meet in the city, hiring managers and employers from leading firms in the country addressed the issue of growing unemployment in the country and discussed plausible solutions to solve the issue.
President Obama is scheduled to arrive in India on November 6.
The rising value of rupee against the US dollar is likely to make a two to three per cent dent in export earnings of Indian software companies in the first half of the current fiscal.
TCS had earlier this week announced that it too would be hiring less number of freshers.
Officially called the Border Security, Economic Opportunity and Immigration Modernisation Act, 2013, the Bill being pushed by the Obama administration gives the domestic IT professionals in the US a 60-day period to find a new job after they lose the existing one, among several other sweeping reforms.
To further strengthen the global brand equity of Indian software industry and address issues of concern in other countries, Nasscom has embarked on a global communications campaign.
Dean at Sastra University asks NASSCOM to allow campus recruitment by IT companies in the 7th semester instead of last.
Looking at Australia for partnership in the ICT arena, National Association of Software and Service Companies is exploring ways to foster alliances and is leading an IT trade delegation there for the purpose.
The BPO/KPO industry employs about 2.2 million people and the number would increase to 10 million by the end of 2020.
It has apparent "negative connotations" in some mature markets such as the US.
US is the largest market for the over $140 billion Indian IT services industry
Industry body Nasscom is in the process of setting up of an independent self regulatory organisation, which will establish, monitor and enforce privacy and data protection standards for the ITES and BPO industry in the country.
The National Association of Software and Service Companies on Monday said the Indian software and services sector will post a 28 per cent growth in 2003-04 at $12 billion in revenues, compared to $9.5 billion in 2002-03.
'The focus of the legislation will be to minimise user harm and increase the accountability of platforms, while also promoting innovation.'
National Association of Software and Service Companies had a humble beginning.
Nasscom chairman Ganesh Natarajan, who will lead the team that will also have president Som Mittal, said the five-day visit would focus on three things -- totalisation agreement, immigration issues and benefits of outsourcing. Nasscom is lobbying for totalisation pact with the US, which already has this agreement with several countries to avoid double taxation of income with respect to social security taxes.
'These are the two core skill sets that are required for any job, in any profession.'
National Association of Software and Service Companies said on Thursday that the Indian government should aggressively negotiate on services at the World Trade Organisation.
Software association Nasscom has said the final circular on taxation of ITeS-BPO companies should be more explicit and clear about the 'arm's length principle' to remove uncertainties from the mind of foreign investors.
Nasscom president Kiran Karnik on Tuesday said there is nothing to worry and asserted the cancelled contract of Indiana state of US would be refloated again where outside companies, including TCS, could bid.
National Association of Software and Service Companies, which has been advocating for data security laws for long, made an about turn on Thursday and said that the industry does not need more laws.
Infosys will comply with whatever regulations and guidelines Karnataka comes up with, a top company official said on Thursday on the proposed reservations for locals in private firms in the state. Infosys employs over 3.15 lakh people at present across the globe. "We are planning to work with all the regulations of the state and central governments.
On the second day of the summit, Indian vendors discussed ways to tackle the financial crisis head-on with innovation being the focal point. Most believed that there is enough opportunity within the country for the industry.
A group of six US lawmakers had recently introduced 'The US Call Center and Consumer Protection Act of 2013' in the Congress that requires overseas call centre employees to disclose their location to US consumers.
Taking a further step towards making engineering students 'industry-ready and thus employable', Nasscom is in the final stages of launching its 'finishing school' courses in seven National Institutes of Technology and at IIT-Roorkee.
As part of its initiatives to work with Indian law enforcement organisations towards creating more awareness on cyber crimes, Nasscom is in talks with Maharashtra Director of Prosecution to train 40 prosecutors every month.
The escalating tensions between India and Canada have put Indian IT companies in a wait-and-watch mode but industry experts believe that there are no immediate areas of concern at this moment. Apex IT association Nasscom, in a statement, said since this is an evolving situation, it will continue to engage with stakeholders to track any potential areas of impact that may need support.
Right from day one, the delegates were faced with external odds over which they had little or no control. For instance, would the Software Technology Parks of India scheme be extended beyond 2009? They could only take home the assurance that Minister for Communications and IT Thiru A Raja was on their side.
It is being suggested that apps, such as WhatsApp and Telegram, should share their APIs with each other to ensure there is interoperability, just as it exists across email services.
As you move higher up the corporate ladder, there is a growing need for you to at least gain a fair amount of proficiency in areas other than your core competency. And that's where certification programmes come in.
The fund will have a corpus of Rs 100 crore (Rs 1 billion), which could be increased to Rs 150-200 crore (Rs 1.5 to Rs 2 billion) in the next two years.
Banking and finance sector was the highest average spender on information technology services in 2006 and is expected to retain the edge this year as well, a Nasscom survey said on Monday.
