Page 10 - Nasscom

Industry bodies moots need to lay guidelines on business closures

Leaders of various industry bodies including CII Start Up Council Chairman Kris Gopalakrishnan, NASSCOM Executive Council Mamber Ravi Gururaj has said that there is an immediate need to lay guidelines on business closures. They also urged the Tamil Nadu government to intervene and support an early hearing of the bail plea filed by Yogendra Vasupal, the founder and CEO of online hotel room booking start up Stayzilla, according to a joint statement published in a website created to support the jailed start up founder. The statement explained that start-ups have become the growth engine of innovation for India and the Prime Minister's vision for Startup India has given a tremendous boost to the youth of the country and their dream to be an entrepreneur. "However, as startups grow and scale, they will pivot, change priorities or close down. Hence it is important that the right legal framework is provided to address any business closures," according to a statement uploaded in ...

IT companies need to communicate mutual benefits to US: Nasscom

There have been concerns over the protectionist stance taken by the US President Trump

Nasscom sees FY18 industry growth at 8-10%

But added that a clearer picture will emerge only over the next two to three months

Get serious, fast, about self-skilling, says Nasscom

The IT industry body Nasscom said both freshers and employees of software services industry should look at self-learning to stay relevant at a time when more businesses are focusing on digitisation. "An aspect of diversity in the industry is going to be self-learning. It is no more going to be like Infosys will take you to Mysore campus and train for 3-6 months then you come back and get job-ready. Today it is on-the-job training, go do a big data analytics programme, do something on virtual reality and get certified. While the employer's responsibility is obviously to show where the future is and what kind of skill development can exist within the company and outside, in today's environment the individual has to be equally worried about his or her future," said Sangeeta Gupta, senior vice-president, Nasscom at an event here. While introduction of automation and technologies like artificial intelligence is prompting companies to release software engineers from repetitive works, ...

A first in 25 years: Nasscom defers IT growth forecast for FY18

Nasscom said growth for the current financial year (2016-17) was expected to be 8.6%

Digital capabilities to drive Indian tech industry's next phase: Nasscom

C P Gurnani says digital tsunami is reshaping our industry and the priority is to reimagine businesses

Trump impact? Nasscom defers annual growth forecast to May

Nasscom had, notably, revised down its FY17 revenue growth target to 8-10% from an initial 10-12%

H1B visa rules: Nasscom to seek US firms' help to lobby for easier regime

To argue that outsourcing to India helps American companies to be competitive and generate more jobs

Defer PoEM, remove tax barrier for start-ups: Nasscom to FinMin

The association has been disappointed by the draft goods and services tax law made public on Saturday

IT industry to clock $350 bn revenue before 2025: Nasscom

Nasscom recently has revised the IT sector's growth forecast downwards to 8-10% this year

Nasscom Foundation says most firms spend 70% CSR fund on education

The report said that companies are now going to non-headquarter locations for CSR, indicating growing equity in the distribution of projects

Nasscom cuts IT growth forecast to 8-10% in FY17

Nasscom said the sector has been impacted because of short-term factors and growth would return faster in the next few quarters

Troubled times: Nasscom revises IT growth forecast downwards to 8-10%

Nasscom, the country's software lobby has revised its growth forecast downwards to 8-10 per cent this year after its biggest members such as Tata Consultancy Services, Wipro, Cognizant and Infosys struggle to grow faster due to an uncertain environment.In April, Nasscom projected the $108-billion, export-focused software and back offices industry to grow 10-12 per cent this year. Indian firms are witnessing growth from clients in newer areas such as adoption of automation, cloud and digital technologies, but this has not been able to offset the drastic dip in volume in traditional information technology (IT) services. Both Infosys and Cognizant have cut their annual revenue forecast, for these reasons, while Wipro has forecast flat growth.Nasscom says the industry has been impacted due to short term factors and growth would return over the next few months.India's IT industry would also face challenges if US President elect Donald Trump implements his anti-immigration plan, pushing ...

Notes withdrawal a big leap towards e-payments: Nasscom

Nasscom noted that electronic payment has relatively little penetration in India, where cash accounts for 78 per cent of all transactions by value according to the Reserve Bank of India

Nasscom set to cut growth forecast

This is after its biggest members struggles to grow faster in a more uncertain global environment

Nasscom plans 'start-up warehouse' in Odisha

Odisha govt plans to create enabling a supporting eco-system to set up 1,000 start-ups in next 5 years in the state

Indian BPM growing 8-9% yearly: Nasscom

Over the next five to seven years, global BPM spending is expected to grow six to seven per cent annually and reach $233 bn by 2020, the apex body said

US must commit not to discriminate against Indian companies: Nasscom

India has time and again raised the issue of hike in visa fees by the US

India's Internet base to touch 730 mn by 2020: Nasscom

India is the second largest user base after China and 75% of new internet user will come from rural areas

No immediate need for revising FY17 growth forecast for IT exports: Nasscom

Nasscom's views came close on the heels of RBS cancelling plans to separate and list a new UK standalone bank, Williams & Glyn