The size of the banking software application market globally is estimated to be at about $75 billion in 2007. The market is growing at about 5 per cent a year.
The CVC had asked the CBI to probe the 'irregularities in the tendering process and award of contract and undue benefit caused to the SAP/IBM'.
The average Rs 6,20,000 per annum salary was significant, considering the 30-40 per cent annual incrase in the talent pool of the top 50 companies, a nation wide survey by IDC India for Cybermedia's flagship publication Dataquest said.
The Karnataka government on Wednesday put the reservation bill for Kannadigas in private firms on hold amid fierce criticism from business leaders and tech tycoons.
Over 100,000 small and medium-sized businesses are non-compliant with e-invoicing norms under the goods and services tax (GST) regime, a mandatory requirement for businesses with an annual turnover of over Rs 5 crore. E-invoicing provides real-time access to invoices that are prepared by the supplier on the purchase of goods, allowing faster accessibility to input tax credit, thereby limiting the manipulation of fake credit as it has to be generated before the transaction. "The default has been reported mainly in businesses with a turnover between Rs 5 crore and Rs 20 crore," a senior official informed
Japanese information technology companies are mapping out a new base to outsource software development in India, according to Nihon Keizai Shimbun Monday.
Subex Azure, a telecom software product firm, is making the largest-ever overseas acquisition by an Indian software player by acquiring Canada-based Syndesis Limited for $164.5 million (around Rs 740 crore or Rs 7.4 billion) in an all-cash deal.
Billionaire Mukesh Ambani's Reliance Industries and Tata Group have made it to the prestigious TIME's list of 100 World's Most Influential Companies of 2024. TIME called Reliance 'India's Juggernaut'. This is the second time that Reliance has found its way into the TIME list. Jio Platforms, the firm that holds digital properties of the conglomerate, was included in the inaugural TIME 100 Most Influential Companies List of 2021. Serum Institute is the other Indian company on the list.
The revenue of Indian software market was at $4 billion in 2014.
On LinkedIn, job postings for software engineers were the highest across multiple industries.
The officer said that the driver may be presented in the court as a witness in the case.
'Firms such as Infosys, were started by people without instantly recognisable surnames. Our success motivated numerous new entrepreneurs,' writes Nandan Nilekani in his book Imagining India.
The security solutions software market in India is expected to touch $130 million by 2009 from $36.3 million in 2004 with the next wave of growth coming from small and medium enterprises, according to research firm IDC.
'In the next 15-20 years, India will have at least 50 new (AI-driven) billion-dollar companies that are going to solve problems for the largest companies around the world.'
Illegal and unlicensed software installations continue to be a problem and source of revenue loss for software companies worldwide.
A judicial magistrate (first class) granted bail to the 17-year-old boy's father Vishal Agarwal, a prominent builder, and his grandfather, who were arrested in May-end and are currently in judicial custody.
"How can a court order this? To say that the judgment, a public document, be pulled down will have very serious ramifications," said a bench comprising Chief Justice D Y Chandrachud and Justices JB Pardiwala and Manoj Misra after taking note of the submissions of Ikanoon Software Development Pvt Ltd, a Bengaluru-based legal website.
He topped the list with a personal fortune of $4 billion.
The well-known names such as Google, Apple, and Facebook do not feature in the top three companies!
The enterprise software market is projected for continued growth in 2011 with revenue forecast to reach $246.6 billion.
"Software patents are a killer for the economy in the end". It's natural to be surprised at this statement when most major global and Indian information technology firms -- right from IBM, Microsoft, Sun to Tata Consultancy Services, Infosys and Wipr
Indian IT major HCL Technologies will provide training for three months to 100 students each in its Lucknow and Madurai campuses.
Morgan Stanley's Asia and Global Emerging Markets Strategy Report downgraded software firms on valuation and earnings concerns.
The value of the Indian Premier League went up 6.5 per cent to USD 16.4 billion (around Rs 134,858 crore) in 2024, according to a report by American investment bank Houlihan Lokey.
The proposed agreement is not final, and could fall apart, the report noted.
The US Central Command has purchased the $2.7-million programme -- developed by San Diego firm Ntrepid -- which allows one military user to create multiple personas on internet and engage in extended online communications with terror suspects, The Washington Times reported.
The Delhi high court on Friday awarded Rs 20 lakh to Microsoft in damages in a 12-year-old copyright infringement suit. Microsoft said that a Mumbai-based firm was illegally using its software programs in which its copyrighted products, including Microsoft Windows, Microsoft Office and Windows Server were being reproduced and used for commercial purposes at the firm's offices. The court had on May 24, 2010, passed an injunction restraining the Mumbai firm from infringing the plaintiffs' software programs.
With a revival in demand for IT services, the global security software revenue is expected to grow by 11.3 per cent to cross $16.5 billion in 2010, says the research firm Gartner.
The $108 billion Indian IT-ITeS industry is also witnessing the rise of tier II and III cities like Kochi, Ahmedabad and Kolkata as product hubs.
Already 15-20 per cent of the workforce, earlier used to be procured from staffing firms and subcontractors, are replaced by freelancers tapped from platforms like Topcoder, GitHub, and Upwork.
For investors and traders, who want to do technical analysis, there are a number of software packages for intra-day charting and end-of-day (EOD) software.
IT company Infosys on Thursday said its consolidated profit jumped 30 per cent to Rs 7,969 crore in the fourth quarter ended March 2024. The company posted a profit of Rs 6,128 crore in the same period a year ago, according to a regulatory filing. The consolidated revenue of Infosys during the reported quarter increased by 1.3 per cent to Rs 37,923 crore from Rs 37,441 crore in the same quarter a year ago.
Could it be about clout? Given its size and influence, RIL doesn't need the media for that, notes Vanita Kohli-Khandekhar.
Among the Sensex firms, Wipro jumped over 6 per cent after the IT company's December quarter earnings beat estimates. The other prominent gainers were HCL Technologies, HDFC Bank, Infosys, Tech Mahindra, Bharti Airtel and Reliance Industries.
India can create 50,000 new software jobs, add $2.1 billion to its GDP and generate an additional $92 million in taxes if it brings down software piracy by 10 per cent to 60 per cent during the next four years
Among public sector banks, Infosys has kept the majority of its deposits with Punjab National Bank.
With the festival of lights just around the corner, things this year are looking brighter and sweeter for the software majors compared to one that went by, when they were struggling to grapple with the effects of the global meltdown.
