New Delhi: Information technology sector in the country witnessed steep decline in hiring activities as most companies embraced cost cutting measures to tide over uncertain economic conditions, say experts. "Hiring activities have seen a dip of 29 per cent in IT and ITeS sectors in May 2012 from the preceding month," MyHiringClub.com CEO Rajesh Kumar said. However, he said that other industries have increased recruitment activities by 13-15 per cent...
04:44 PM, Jun 01, 2012
Bangalore: A year after it completed the acquisition of Patni Computer, iGATE Corporation on Monday announced its new identity, dropping Patni from its brand name. The new brand identity of the subsidiary of the US-based consulting, technology and BPO firm will be now just iGATE, the company said. In January 2011, iGate-led consortium had bought nearly 63 per cent stake in India's sixth largest IT firm Patni Computer Ltd for...
02:08 PM, May 07, 2012
Bangalore/Mumbai: The conservatism that served Infosys Ltd so well for three decades is now stunting its growth, prompting calls from investors for new blood at the top of India's showpiece outsourcer. Critics say Infosys also must shed its aversion to acquisitions, change its premium pricing strategy and make better headway in higher-end businesses like consulting to compete with global rivals IBM and Accenture. "It's one thing to get to the...
12:48 PM, May 07, 2012
Washington: India on Tuesday expressed hope that the current economic woes in the US would not lead to protectionism and said that concerns of the Indian IT industry over anti-outsourcing measures announced by President Barack Obama recently will be addressed quickly. Foreign Secretary Ranjan Mathai on his first bilateral visit to the US said that the Indian IT industry in the US has contributed $15 billion in taxes alone in...
12:22 AM, Feb 08, 2012
Chennai: Tamil Nadu Chief Minister J Jayalalithaa on Wednesday said her government plans to come out with a new policy on information technology (IT) to catapult the state to the number one position in the sector. Speaking at the Confederation of Indian Industry (CII)-organised 'Connect 2011' IT conference here, Jayalalithaa said: "My government proposes to bring out a new information technology and ITES (IT enabled services) policy that will engender...
03:23 AM, Dec 22, 2011
Mumbai: The depreciation in rupee's value is likely to benefit software exporters, but the global macro economic situation will pose a challenge for the industry next year, a top official of IT giant TCS said on Thursday. "This year has gone very well and better than what we expected. Next year it will be some kind of stressful environment and every government will try to avoid the Lehman kind of...
09:43 PM, Dec 15, 2011
Bangalore: Karnataka, which has been in the news more for corruption scandals than the robust show by its iconic IT firms in the face of global meltdown, may prove that scams may not deter investors. In spite of debilitating scandals that have brought disrepute to the Bharatiya Janata Party (BJP), its government in the state is confident of attracting over Rs.50,000 crore ($9.6 billion) from Indian and foreign investors in...
01:53 PM, Nov 29, 2011
Bangalore: US-based Cognizant Technology Solutions Corp's quarterly revenue, which grew 34.4 per cent to $ 1.49 billion, outpaced India's No.3 software services exporter Wipro's IT services revenue of $ 1.41 billion. Cognizant continued its scorching growth and forecast a strong third quarter, at a time when rival Indian IT services exporters have warned of slowing technology spending. Discretionary development spending by clients has been spurring growth at Cognizant, while many...
12:11 PM, Aug 03, 2011
New Delhi: A new generation politician, Milind Deora, who has inherited his father's legacy, makes a debut in the Union Council of Ministers and is one of its youngest members. Modern, dynamic and suave, Milind(34) is a two-term Member of Lok Sabha from South Mumbai, a constituency nurtured by his father and former Corporate Affairs Minister Murli Deora who resigned just days ahead of Tuesday's Cabinet reshuffle. An accomplished blues...
04:41 PM, Jul 12, 2011
Pune: In a significant finding, a study has claimed that the government suffered revenue losses of $866 million (about Rs 3,900 crore) in 2009 on account of the high rate of software piracy in the country. Businesses, who are otherwise legitimate, use software on a large scale but they evade paying tax when they are not buying licensed software, thus causing a big loss to the state exchequer and disruption...
11:24 AM, Jun 04, 2011
Bangalore: Bangalore, that boasted its tag of the country's IT capital, may now lose it, according to a survey. A survey undertaken by Associated Chambers of Commerce and Industry of India (Assocham), warning of this imminent threat, says the status would soon belong to the National Capital Region (NCR) of Noida and Gurgaon as more companies have expressed their interest in setting up shop there. This would include IT, IT-enabled...
09:42 AM, May 31, 2011
Complete text of the controversial new rules notified under the Information Technology Act. [To be published in THE GAZETTE OF INDIA, EXTRAORDINARY, Part II, Section 3, Sub-section (i) of dated the 11th April 2011] Government of India MINISTRY OF COMMUNICATIONS AND INFORMATION TECHNOLOGY (Department of Information Technology) NOTIFICATION New Delhi, the ------------, 2011 G.S.R. (E) - In exercise of the powers conferred by clause (ca) of sub-section (2) of section...
09:21 AM, Apr 27, 2011
Hyderabad: Andhra Pradesh will organize a two-day IT conference and exhibition March 1 and 2 in Hyderabad to project itself as the most preferred IT destination. IT Minister Ponnala Lakshmaiah on Thursday announced the event 'Advantage AP-annual IT summit 2011', the first of its kind event by the state government, to promote brand Andhra Pradesh. To be organized jointly by Information Technology and Communications Department, Governmrnt of India in association...
06:22 PM, Jan 27, 2011
Washington: US has set in motion regulatory changes to lift the ban on India's frontline technology establishments ISRO and DRDO and their removal from the entities list could come soon, top American officials have indicated. A formal notification of US Department of Commerce for this is in advanced stage, they said. "These regulatory changes will begin the transformation of the bilateral export control policies to realise the full potential of...
02:04 PM, Jan 14, 2011
New Delhi: The government on Tuesday approved setting up of 20 Indian Institutes of Information Technology (IIITs) at a cost of Rs 2808.71 crore. The IIITs will be set up on a Public Private Partnership (PPP) with the Centre funding 50 per cent of the capital cost, state governments 35 per cent and the rest by the industry. Each Institute is expected to specialise in application of IT skills in...
09:08 PM, Dec 07, 2010
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