NASSCOM

  • Modi woos India Inc, vounches for IT, social media February 14, 2014

    Ahmedabad: In a bid to woo India Inc ahead of the Lok Sabha elections, BJP prime ministerial candidate Narendra Modi on Friday addressed corporates at NASSCOM through video conference. In his 30-minute speech, Modi stressed on the importance of social media and how he's inspired by it. Modi said, "For me...
  • Weak rupee not good for Indian economy: Nasscom June 27, 2013

    Mumbai: As rupee has breached the 60-mark against the dollar, the apex body of IT and software services industry said it would like the Indian unit to be more stable as it is in the interest of overall economy. "We think the 54-56 range is good which we had kind...
  • The need for visible action is driving Nasscom: KK Natarajan June 24, 2013

    Krishnakumar Natarajan Age: 55 Designation: Co-founder, CEO & managing director of Mindtree; chairman of Nasscom Education: BE in mechanical engineering from the College of Engineering, Chennai; MBA in marketing and systems from XLRI, Jamshedpur Q. As the IT sector matures, Nasscom is increasingly being seen as irrelevant. A: If you look at health care...
  • Two Indian IT firms caught in $ 45 million global ATM heist May 15, 2013

    Bangalore: Two Indian IT firms are feeling the heat of the recent $ 45 million global ATM heist. But while they are under scrutiny for possible security breach, industry body NASSCOM says the incident is not a reflection on Indian IT services overall. It is being called the world's largest...
  • Infosys crashes 20 pc, Q4 earnings miss street estimates April 12, 2013

    Infosys has crashed around 20 per cent post Q4FY13 dismal numbers. At 09.15 am, Infosys was quoting at Rs 2,546.30, down Rs 370.40, or 12.70 per cent. It has touched an intraday high of Rs 2,625.05 and an intraday low of Rs 2,500. It was trading with volumes of 42,951...
  • Indian IT industry targets $300 billion revenue in 7 years March 5, 2013

    Bangalore: Targetting $300 billion revenue from IT sector by 2020, the industry representative body Nasscom on Monday announced expansion of its focus to include internet, mobile technology and cloud computing. Currently revenue from software and services is around $100 billion. The larger focus for Nasscom, from just software and services, has been...
  • 'India's IT sector exports to grow 12-14 per cent in FY14' February 12, 2013

    Mumbai: Exports from India's IT outsourcing sector are expected to grow between 12 and 14 per cent in the fiscal year starting April to as much as $87 billion, according to the National Association of Software and Services Companies (Nasscom), the industry lobby. Exports from the industry, which counts the United...
  • India IT outsourcing growth seen at lower end of forecast November 12, 2012

    Mumbai: India's $100 billion software and services outsourcing sector is likely to meet the lower end of the growth outlook for this fiscal year, an industry lobby group said as customers tread cautiously on technology spending due to global economic uncertainty. The National Association of Software and Services Companies (Nasscom) had...
  • HCL Tech profit rises 78 pc, beats expectations October 17, 2012

    Bangalore: HCL Technologies, India's fourth largest software services provider, beat market expectations with a 78 per cent rise in consolidated net profit for the fiscal first quarter that ended in September, helped by higher contract wins. Consolidated net profit rose to 8.85 billion rupees from 4.97 billion rupees for the...
  • IT tax panel will bring clarity, says Nasscom July 30, 2012

    New Delhi: Software industry body Nasscom has said the government's decision to set up a panel to look into tax-related issues will help allay concerns of the IT sector. Prime Minister Manmohan Singh on Monday set up a committee to look into taxation matters of the IT sector and research and...
  • Rising visa costs may pinch IT cos' profits July 15, 2012

    New Delhi: Indian IT companies, including market leaders TCS and Infosys, may have to bear huge costs towards employee visa fees going ahead, which in turn can put pressure on their profit margins. Difficult visa norms, particularly in the US - one of the most important markets for the Indian software...
  • Govt wants to regulate online media: Gadkari May 3, 2012

    Mumbai: The Centre is planning to draft a legislation to regulate online media and is already holding consultations with the opposition over the matter, BJP president Nitin Gadkari said on Thursday. "The government is planning to impose restrictions on online media and has sought our views on how to go about...
  • Nothing much for IT-BPO industry in budget March 16, 2012

    New Delhi: Software body Nasscom on Friday expressed its disappointment over the budget as it has no fresh proposals for the USD 100 billion Indian IT-BPO sector even as the industry's request to exempt SEZ income from Minimum Alternative Tax has been ignored. "There is no focus on putting the economy...
  • 'Cyber crime increasing in India at fast clip' February 15, 2012

    Mumbai: The Union Home Ministry would like to work with the National Association of Software and Services Companies (NASSCOM) in the area of cyber crime, which is growing very fast, Home Minister P Chidambaram on Tuesday said. He gave away NASSCOM Global Leadership Awards at a...
  • Union Budget to decide market sentiment February 13, 2012

    Mumbai, Last week was indeed flat and positive with NIFTY gaining back almost all that it had lost during the first few days. Immense fund flow clubbed with retail participation helped NIFTY to move above 5400, hinting that the markets are entering another bull phase. NIFTY is on a consolidation...
  • Indian IT cos in US paid $15bn taxes : Mithai February 7, 2012

    Washington, The Indian IT industry in the US has contributed USD 15 billion in taxes alone in the last five years, Foreign Secretary Ranjan Mathai said, stressing on the need to eliminate discriminatory actions. Mathai, on his first bilateral visit to the US in his capacity as the Foreign Secretary, expressed...
  • NIIT's Pawar appointed as Nasscom chairman April 27, 2011

    New Delhi: Software industry body Nasscom on Wednesday said Rajendra S Pawar, the founder of NIIT, has been appointed as the Chairman of its executive council for 2011-12. The industry body also announced appointing N Chandrasekaran, the CEO and Managing Director of TCS, as the Vice-Chairman...
  • Budget 2011: IT industry's wish-list February 24, 2011

    Some things don't change like the IT industry's budget wish list. Much like the last 5 years, this year's list also leads with an extension of the tax benefits under the software technology parks of India scheme. The Indian IT industry has submitted a long list of demands to the finance...
  • US to again ask India to open up economy February 6, 2011

    New Delhi: The US is expected to renew its demand for further opening up of the Indian economy in sectors like multi-brand retail and easing of trade restrictions on several areas, including farm products. These issues are likely to be taken up by US Commerce Secretary Gary Locke when he...
  • Indian techies working abroad on choppy waters August 31, 2010

    Body shop or chop shop? The Indian presence in the US job market is under the spotlight again. The storm "The emergency border funds will be paid for by assessing fees on foreign companies known as chop shops that outsource good, high-paying American technology jobs to lower wage, temporary immigrant workers from...
  • Nasscom slams US for visa fee bill August 13, 2010

    Nasscom says the bill will cost the Indian IT sector $ 200 million to 250 million a year and violates WTO conventions. ...
  • BPO sector to grow by 15 pc in 2010-11 June 9, 2010

    Bangalore: India's Business Process Outsourcing (BPO) sector is expected to grow 15-16 per cent this fiscal, a top official of the industry group said on Wednesday. The back-office outsourcing business registered a turnover of $12.4 billion in the last financial year (2009-10). "We expect the growth this year to be 15...
  • NASSCOM warns US visa limits will be 'business killer' October 1, 2009

    Washington: The head of an Indian trade group fears proposals in US Congress to limit visas for foreign high-tech workers would be a "business killer" for India's burgeoning information technology industry and would not reduce US unemployment. Som Mittal, president of National Association of Software and Service Cos. (NASSCOM), told the...
  • Gates wants window to India's national ID project July 24, 2009

    New Delhi: Microsoft founder Bill Gates on Friday said it would be a "big mistake" if the US curbs the entry of skilled workers from abroad, rallying behind the "smart people" from countries like India that has a globally recognised outsourcing industry. He also said Microsoft will like to partner the...
  • India confident Obama's tax plans won't hit BPO sector May 6, 2009

    New Delhi: India Inc believes the move by the Barack Obama administration to reduce tax breaks for US firms that ship jobs overseas will hit American companies more than impact on the Indian outsourcing industry. "It's a more US-US issue rather than one aimed at stopping outsourcing, or off-shoring, or anything...
  • Obama outsourcing 'tax': it's all America’s loss May 5, 2009

    Bangalore: US plans to scrap tax incentives that encourages American firms to ship jobs overseas are unlikely to dent business for Indian outsourcers, but the move is protectionist, company officials and lobby groups said. The proposal, if implemented, will hurt more US-based companies that have significant operations overseas, including in India,...
  • Indian IT industry to help in US economic recovery April 11, 2009

    Washington: India's information technology industry should start hiring in the US to help in its economic recovery as the US is always going to be its biggest market, the industry association's head has suggested. The restrictions on H1B visas in the US "absolutely is a concern," Pramod Bhasin, president and chief...
  • Indian IT companies react to US H1-B visa issue February 9, 2009

    New Delhi: Indian Tech community has voiced its concern over US Senate's move to protect American jobs. IT body Nasscom says, the move sends a strong message that foreign students and workers are not welcome in the US. It believes however these norms are unlikely to impact the Indian service providers...
  • Obama bad for outsourcing? Nasscom says no fears November 5, 2008

    Washington: NASSCOM congratulated Senator Barack Obama on his historic victory and welcomed. India Inc also expressed the eagerness to the opportunity of working with the President-elect to boost economies of both nations. But the welcome close on the heels of worries that Barack Obama had expressed the desire to retain jobs...
  • Pratibha rape-murder trial delayed even in fast track court October 4, 2008

    Bangalore: It has been over three years since the rape and murder of Bangalore girl Pratibha Srikanth Murthy. Her family still awaits justice despite the case being referred to a fast-track court. The 28-year-old BPO employee of HP, Pratibha is grieved by her near and dear ones, and the delayed...