IT SECTOR

  • Mimimum government and maximum governance to improve ease of business: Jaitely 4 days ago

    Finance Minister Arun Jaitley in his Budget on Saturday focussed on the need of ease of doing business and highlighted the government's policy of 'Mimimum government and maximum governance'. Reducing the number of levies, Jaitley subsumed the Education Cess and Secondary & Higher Education Cess leviable on excisable goods in...
  • Rs 1,000 crore fund for tech start ups, entrepreneurs: Government 5 days ago

    New Delhi: Finance Minister Arun Jaitley on Saturday announced Rs 1,000 crore for promotion of start ups and entrepreneurs particularly in the technology sector. "We are now seeing a growing interest in start ups. Experimenting in cutting edge technologies, creating value out of ideas, initiatives and...
  • E-Commerce companies hope Jaitley will find a way out of current tax muddle 5 days ago

    Bengaluru: India's IT capital is the hub of booming e-commerce. And in budget 2015, India's e-commerce companies are hoping they will find a way out of their current tax muddle. With online shopping and online transactions growing by leaps over the last year, the big e-commerce players like Amazon and...
  • NIIT CEO puts high hopes on Union Budget 2015 February 23, 2015

    New Delhi: The upcoming Union Budget is very crucial in terms of bringing the Indian economy back on growth track. Narendra Modi government will present its full fledged Budget on February 28 in Parliament, industries are pinning high hopes from Finance Minister Arun Jaitley. Rahul K Patwardhan, CEO Designate, NIIT Limited...
  • Budget 2015 should include a package of low-cost financing, subsidies to support renewable and clean energy technology February 23, 2015

    New Delhi: India is the 6th largest country in terms of power generation and consumption. According to Central Electricity Authority (CEA), at the end of March 2014, the installed power generation capacity of India stood at 243028.95 MW, while the per capita power consumption stood at 917 KWh (2012-13). The...
  • Budget 2015: Spectrum allocation should be made more transparent, says Videocon Telecom CEO February 20, 2015

    One of the foremost recommendations to the Hon'bl Finance Minister will be to make true greater airways availability through spectrum sharing and trading that will help in optimum utilisation of this most scarce and sought after resource 'spectrum'. Spectrum allocation should be made more transparent and focused resources should be...
  • Budget 2015 expected to have measures to help nurture an innovation ecosystem: Cisco February 20, 2015

    Our budget expectations are in line with the rest of the industry. We hope it will be a development-focused budget that targets a growth rate of 8 per cent and includes measures to infuse positive sentiments for rejuvenating the overall economy. We hope the government will make announcements that will...
  • Startups look forward to service tax exemption in Budget 2015: Knowlarity February 19, 2015

    New Delhi: With last year's budget release of nearly Rs 11,000 crores, the expectations of the start-up industry have definitely increased. Programs like Make in India and Digital India are great initiatives for the technology revolution, but what the IT sector and start-ups in particular are really looking forward to...
  • Budget 2015 should have measures for India to move forward from outsourced innovation: Uniken February 19, 2015

    The current government has already demonstrated its commitment to not only sustain the growth of India'ls ICT industry, but also leverage technology across various aspects of the national development agenda. As a company leading the charge in India's cyber-security industry, we expect the forthcoming union budget 2015-16 to further encourage...
  • Budget 2015 should encourage domestic manufacturing of mobile phones: Karbonn February 18, 2015

    As India is going to achieve a 25 per cent share in global mobile phone manufacturing by 2019, the industry expects that the Union Budget will encourage domestic manufacturing with policies like tax holidays and interest subsidies and help the Indian telecom sector reach new benchmarks. The mobile segment in India...
  • 6 key recommendations for Budget 2015: MAIT February 18, 2015

    IT hardware industry body MAIT has asked the government to consider giving duty relief and export sops to boost the domestic electronic manufacturing sector. MAIT, which represents the over $13 billion Indian IT hardware manufacturing industry, met the Prime Minister in January and following a meeting with PMO officials submitted...
  • 'Make in India' and 'Digital India' goals should define Budget 2015: LG February 17, 2015

    The upcoming Union Budget is very crucial in terms of bringing the Indian economy back on growth track; curb the budget deficit and creating an investment friendly environment. The Budget needs to address issues of simplifying tax regulations, improve ease of doing business and accelerate the speed of big ticket...
  • Budget 2015 an opportunity towards achieving digital empowerment February 17, 2015

    Driving greater technology adoption is the government's agenda, with good governance and economic recovery as the topmost priorities. With the government's continued focus and investment in leveraging cloud computing for effective delivery of e-services by DeiTY (Department of Electronics and Information Technology), this is an opportunity for the government to...
  • Mass lay-off at TCS: Should the government step in? January 23, 2015

    Young Information Technology major Tata Consultancy Service (TCS) professionals took to the streets in protest demanding government intervention in stopping the lay offs on Thursday. ...
  • Automation to cause temporary replacement of jobs: Vishal Sikka January 21, 2015

    Davos: As companies are moving towards automation, Infosys CEO Vishal Sikka on Wednesday said that there would be temporary replacement of jobs and lower IT costs. Sikka, who was speaking as a panelist in a session on 'Inclusive Growth in the Digital Age' at the World Economic Forum, said that...
  • IT sector hiring may nearly halve by 2018: Crisil November 10, 2014

    Mumbai: Ratings agency Crisil on Monday said the information technology sector is likely to lose its position as a mass employment engine and new recruitments will nearly halve over the next three years, even though companies will continue to report good revenue growth. "Despite healthy revenue growth of 13 per cent...
  • IT, pharma sectors likely to be backbone of Telangana February 21, 2014

    Post bifurcation of Andhra Pradesh, the information technology and pharmaceuticals manufacturing sectors may become backbone of Telangana economy, leaving power production, ports and oil and natural gas to play a pivotal role in driving prosperity in the residuary state. With nearly 1,000 kmlong coast line, the coastal Andhra has major private...
  • K'taka: Siddaramaiah's socialist ideologies disappoint corporate world August 10, 2013

    Bangalore: Karnataka's industry groups are unhappy with the new Chief Minster Siddaramaiah as they feel that his socialist ideologies were getting in the way of corporate development. Nearly threemonth after taking over, he isn't exactly charming to the corporate world. He has not cleared a single major project so far...
  • Renewed US demand to lift Infosys, IT sector outlook July 10, 2013

    Bangalore: The strongest growth outlook for US demand for information and communication technology since the 2008 financial crisis is likely to help Narayana Murthy revive Infosys Ltd, the Indian IT giant he founded, but the updraft will also boost its fastergrowing rivals. India's second largest computer services exporter, once seen as...
  • To revive Infosys, Murthy must revamp sales, culture June 4, 2013

    Bangalore: Narayana Murthy's success in turning around Indian IT services firm Infosys hinges on his ability to revive its sales efforts and shake up the conservative culture he helped create. Eleven years after Murthy stepped down as chief executive at India's second largest computer services exporter, Infosys unexpectedly brought back...
  • Indianorigin Cognizant CEO gets over $ 10 mn pay package May 12, 2013

    New Delhi: Offshorecentric IT services major Cognizant has paid its Indiaorigin CEO Francisco D'Souza a pay package of USD 10.61 million in cash, stocks and other benefits. The USlisted company, which has a large portion of its 1.63 lakh workforce in India, paid Frank a base...
  • K'aka: Parties woo IT professionals; will they come out and vote? April 29, 2013

    Bangalore: With less than a week to go for the Assembly elections campaigning is in full swing in Karnataka. The generals have now landed on the battlefield. After Gujarat Chief Minister Narendra Modi, now Prime Minister Manmohan Singh will start his tour of the state. He will first address a...
  • Wipro shares slump on first trading session after split April 9, 2013

    Mumbai: Shares in Wipro Ltd, India's No.3 software services provider, fell as much as 11.3 per cent on Tuesday, which marked the first trading session as a standalone IT stock after splitting its other businesses into a separate unit. Wipro's splitoff announced in November 2012 legally took effect on March 31,...
  • Hiring activity in IT sector likely to be muted this year: Infosys March 17, 2013

    New Delhi: Hiring activity in the IT sector is likely to be muted this year, Infosys Co-founder and Executive Co-Chairman S Gopalakrishnan has said. "Hiring position seems to be muted this year because many companies still have deep bench (strength), in other words their utilisation rate is still low," he...
  • 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...
  • Budget 2013: 'Invest in pharma, financial, IT sector' February 25, 2013

    While most people in the market are bullish in the run up to the Union Budget, Dipan Mehta, member of BSE & NSE doesn't see the Budget having any large impact on the equity market. The domestic and global cues, according to Mehta, will at best have a short-term effect...
  • Budget 2013: IT hardware biz seeks cut in duty, nil tax February 22, 2013

    IT hardware manufacturing industry will provide employment for notsolucky people, possessing educational qualifications like ITI and diploma, besides gender employment. Current internet density and penetration of IT have enough of headroom for growth and India being geographically at a right location in the middle of the globe, it serves as...
  • Budget 2013: IT sector demands sop for domestic companies February 22, 2013

    The Union Budget for 201213 should incorporate policies and measures to develop the domestic software industry and also focus on encouraging software products segment in the country by protecting it from foreign competition in the domestic market. The Government should promote Indian software products to develop more intellectual property for India....
  • 'India's IT sector exports to grow 1214 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...
  • Government to spend Rs 36,800 crore on IT in 2013: Report February 4, 2013

    Bangalore: Government is expected to spend Rs 36,800 crore on IT products and services in 2013, an increase of 10.5 per cent over 2012, research firm Gartner today said. This is against revenue of Rs 33,300 crore in 2012, which included spending by government organizations on internal IT (including personnel),...