In an e-mail interview to Assistant Managing Editor Indrani Roy Mitra, chairman of National Association of Software and Service Companies, Ganesh Natarajan discusses the issues related to the Satyam debacle.
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'.
Modi govt is aiming to recast the urban landscape of the country by making cities more livable.
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.
The report is based on a joint survey by Nasscom and the PricewaterhouseCoopers.
Nasscom said growth for the current financial year (2016-17) was expected to be 8.6%
In October, the company had announced that it will hire 35,000 freshers.
Indian technology industry has a "big opportunity" despite global macroeconomic challenges, said Rishad Premji, chairman of IT services firm Wipro, on Wednesday as he spoke about how Covid-19 had changed work. "My confidence is driven by two things: the rapid pace of digitisation across the world, and the shift in the mindset of stakeholders who engage with us as an industry," said Premji in Bengaluru while addressing industry leaders and civil servants at the Invest Karnataka 2022, the state's Global Investors Meet (GIM). Businesses are using technology for customers and employees: a trend marked by the shift to cloud computing and leverage of data.
The UK contributed to nearly $20 billion or 18% of India's $108 billion software exports for 2016.
Muzammil Patel and Rahul Murthi will answer all your start-up queries.
Mittal said the US continues to face shortage of IT skills, and expressed hope that there would be comprehensive changes in immigration policy.
"Critical data which has to be resided in India is an important component that needs to be clarified, as this will be arguably uncovered on an ad hoc basis as we move forward."
It's the second time Nasscom has projected single-digit growth in a decade.
Apart from such advisory, IT biggies such as TCS, Infosys and HCL Tech among others have been pursuing 'remote working' model to overcome the situation.
A majority of the companies said the law, aimed at jobs with a monthly salary cap of Rs 50,000, will result in them leaving Haryana or growing their operations in other states and abroad.
The Indian startup ecosystem, which defied odds during a pandemic-hit year to create record 12 unicorns, has the potential to be the engine of growth in the medium to long run, according to the Economic Survey 2020-21. The survey noted that startups are the platform for entrepreneurs who have the ability to think out of the box and innovate to conceive products that can create a niche for themselves in a dynamically changing world.
The National Association of Software and Services companies on Wednesday launched the world's first-ever centralised database of IT professionals to further strengthen the security in Indian industry.
The US government has removed a regulation proposed by former president Donald Trump's administration that sought to narrow the definition of "specialty occupation" under the H-1B visa regime. The change comes as a relief for Indian information technology firms, which are among the largest users of such visas. "The Department of Homeland Security (DHS) has formally vacated a regulation that would have redefined the H-1B specialty occupation, restricted off site placement of H-1B employees, and otherwise increased employer compliance obligations. "The vacatur follows a federal court ruling that set aside the regulation because the agency did not have good cause to bypass notice and comment rulemaking, in violation of the Administrative Procedures Act," explained immigration law firm Fragomen.
With automation taking place at a much faster pace across industries especially in the tech space, domestic software firms that employee over 16 million are set to slash headcounts by a massive 3 million by 2022, which will help them save a whopping $100 billion mostly in salaries annually, says a report. The domestic IT sector employs around 16 million, of them around 9 million are employed in low-skilled services and BPO roles, according to Nasscom. Of these 9 million low-skilled services and BPO roles, 30 per cent or around 3 million will be lost by 2022, principally driven by the impact of robot process automation or RPA. Roughly 0.7 million roles are expected to be replaced by RPA alone and the rest due to other technological upgrades and upskilling by the domestic IT players, while it the RPA will have the worst impact in the US with a loss of almost 1 million jobs, according to a Bank of America report on Wednesday.
The Indian IT outsourcing sector is expected to see exports growing 13-15 per cent in the fiscal year starting in April, an industry lobby group said on Tuesday, with improving US and European economies driving growth.
Genpact has been ranked India's best third party ITES-BPO company, followed by WNS Global Services at the second spot and Transworks Information Services taking the third slot.
An author of over 80 books, a lead developer for an e-security product and the president of the Foundation of Information Security and Technology, he has co-chaired efforts by the Mumbai Police and Nasscom to institute cyber security.
The software lobby Nasscom on Friday expressed concern over developments in Andhra Pradesh in the wake of Justice Srikrishna Committee report over Telangana issue and cautioned that prolonged unrest might hamper business and could lead to jobs being moved to other states.
AI, cloud computing, data analytics are a few areas companies are looking for proficiency in
National Association of Software and Service Companies chairman Kiran Karnik has said the Maharashtra government was not promoting information technology in a big way.\n\n\n\n
Buoyed by steady recovery in demand for technology services, the Indian IT-BPO sector is estimated to grow 19 per cent in 2010-11 to $76 billion in revenues, software industry body Nasscom said.
The National Association of Software and service companies demanded on Wednesday that the tax incentives under section 10 (A) and 10 (B) of the Income Tax Act should continue till 2010, as committed by the government earlier.
Nasscom set up a task force last year, to position India as a global hub for providing cybersecurity solutions
'Some of these companies are India focused, some are overseas focused and some companies are focused on both.' Ritu Jha/Rediff.com reports from California.
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.
HCL BPO, ICICI OneSource and IBM Daksh are the next three.
HCL BPO, ICICI OneSource and IBM Daksh are the next three.
HCL BPO, ICICI OneSource and IBM Daksh are the next three.
The proposed increase is almost double from the present fee.
On a cloudy Monday this month, Mohammed Irshad flew from Kochi to Gurugram to attend an exclusive investor networking event. Among a handful of founders selected for the event, Irshad was to pitch his peer-to-peer learning start-up Notespaedia for funding in front of top venture capital investors such as AngelBay, Elevation Capital, and Inflection Point Ventures. He failed to woo them, but the feisty entrepreneur was determined to continue his hunt.
Europe is the second largest market for Indian IT-BPM industry.
The information technology sector, India's largest private-sector employer with 3.1 million direct jobs, will witness muted hiring activity this year.
The move is aimed at raising funds for the $600 million spending plan to boost security at the porous US-Mexico border.
India's software industry mounts two-pronged campaign to tackle Trump administration. Ayan Pramanik & Karan Choudhury report.
'30 to 40% of the industry needs to be reskilled as existing jobs will go to automation.' 'Reskilling is required as some existing jobs will not be required in the future.'
