With manpower supply improving, industry body NASSCOM said on Thursday wages of IT and BPO workers would see moderation beginning next year.
India is keen to 'grab opportunities' from China in the booming offshore engineering services space, R Ramalinga Raju, chairman, Nasscom said on Friday.
The landscape of the Indian software and services sector displays both stability and dynamism. While the top five companies - TCS, Infosys, Wipro, Satyam and HCL - have held on to their positions in the Nasscom list, others have gained or fallen back
After heading the apex body for six years, and being instrumental in placing the Indian IT industry on the global map.
Senior management of companies use this visa for working in the US.
Expressing concern over the non-availability of qualified manpower for IT and ITeS companies, Nasscom on Tuesday said by year 2010 the industry would face a shortage of five lakh professionals.
Buoyed by growth in exports and strong domestic demand, the Indian IT-ITeS industry has recorded $39.6 billion in revenues in 2006-07, up 30.7 per cent against a projected growth of 27 per cent, according to Nasscom.
Tata Consultancy Services has retained its position as the number one software services exporter (excluding ITeS and BPO) followed by Infosys and Wipro in the Nasscom's Top 20 software exporter list.
The National Association of Software and Services Companies on Tuesday urged the Centre to provide the software industry access to the national laboratories like Aeronautical Development Agency for taking up research and development
NITI Aayog recommendations cite the need for greater industry-academia collaboration to meet skill demand
The rules, the first ever for software applications in the country, were recently issued by the patent office and mandate each new software to be 'machine-specific' and packaged with 'new hardware' to qualify for a licence.
The issue arose after TCS dismissed hundreds of employees in January 2015, leading to the formation of the IT Employees Wing supported by the NDLF.
And by 2010, the industry should look at a target of $80 billion, said Prime Minster Manmohan Singh at Nasscom's Leadership forum in Mumbai.
India faces shortage of people for high-end industrial work that is based on research and development, Kiran Karnik, president of National Association of Software and Service Companies said on Monday.
US software major Cognizant Technology Solutions will invest $ 35 million in India to expand its infrastructure and development centres.
Wipro chairman Azim Premji has projected IT software and IT-enabled services exports to touch $19-20 billion this fiscal.
The guidance is expected to spell out what constitutes specialised skill
Some of them include Spider G, NeuroTags, Genrobotic Innovations, AI Aeronautics, Synersense, Dealshare and NanoHealth. 'Highway to a Hundred Unicorns,' the Microsoft for startups initiative, works closely with local governments to strengthen the startup ecosystem in each state.
Nasscom on Monday said it was working towards putting together best practices in human resource area for adoption by all its members, while another industry association has warned of short term impact on the industry.
Reacting to the red brigade's call for unionisation in the outsourcing industry, IT association Nasscom on Monday said working conditions in the business process outsourcing sector do not warrant formation of unions.
In the mid-tier space, clients with weak balance sheets are likely to ask for price revision apart from delay in payment.
Infosys is on a growth path post a dull Q4.
A 15 per cent corporate tax rate for services companies in SEZs, setting up a fund for deep-tech startups and establishing clusters to demonstrate design-to-manufacturing capabilities of tech firms were some of the key demands made by the IT sector at the pre-Budget consultation on Monday. The participants shared their views and suggestions regarding Big Data, incentives for encouraging setting up of data centres, fiscal incentives for data localisation, incentives for pushing digital penetration in rural areas, and corporate guarantee to startups for competing with other nations.
Predicting that the Indian IT industry was likely to add two lakh employees this year, Nasscom president Kiran Karnik on Tuesday said the association was working on the image of BPO industry and would create a data base of people in the industry.
The Indian IT and IT enabled services exports from India are seeing a good traction and the rate of growth is expected to be between 30-35 per cent in 2005-06.
They are asking TRAI to reject the plan in the interest of protecting the citizens' right to use Internet
Roshni, also a trained classical musician, came on the board of HCL Technologies in 2013 and was vice chairperson. Shiv Nadar would continue to be MD of the company with designation as chief strategy officer.
Once implemented, Rishad Premji will be one of the youngest business leaders to don the role of non-executive chairman at a large cap Indian company.
