"The IT sector generated employment for 1,500 professionals only in 2000. In 2014 the figure reached 9,800 and now the number is 17,000," Electronics and IT Minister Chandra Sarathi Behera told reporters here.
Ramkumar Ramamoorthy, Senior Vice-President of Corporate Marketing at Cognizant, said that IT is largely a people-driven industry even as automation gains prominence.
The Bangalore-based company plans to hire over 10,000 people across the US in next two years and establish four tech hubs
On a quarter-on-quarter basis, VC funding, including private equity and corporate venture capital, almost doubled to USD 1.6 billion in January-March 2017 from USD 845 million in the fourth quarter of 2016.
US President Donald Trump clearly said on Tuesday that US jobs are for Americans and the rest will have to undergo strict review to get the work visas.
The move by Trump administration is likely to create more jobs in India as offshoring of work is likely to increase. Companies will no longer be able to replace American workers with cheap foreign labour for IT projects
Each year on April 1, a fresh cap for H-1B visa applications is opened by the USCIS. The applications are randomly selected. It is referred to as the 'H-1B lottery'
Gartner in its report, has slashed its overall IT spending estimates for 2017 to 1.4 percent from 2.7 earlier, owing to the strengthening dollar. It feels the country's IT spending will touch USD 3.5 trillion this year.
A robust demand for qualified personnel in sales, marketing and supply chain management roles coupled with close to 30 per cent of jobs being posted in over 10 lakh category is being seen as the primary driver for FMCG industry to emerge as the winner.
“In the near term, the ride through the earnings season will be very bumpy. Even in the March quarter, I expect some heartburn. I need companies to start delivering on growth again and is one area in which there is room for error in March quarter,” Sanjay Mookim, Director, India Equity Strategy at BofA ML told CNBC-TV18.
The data revealed that aggregate sales growth improved in the third quarter, primarily in the manufacturing sector and led by industries like iron and steel, petroleum products and the information technology (IT) sector.
Morgan Stanley has initiated coverage on the stock with an outperform rating and forecasts 30 percent free cash flow CAGR in FY17-19.
This is important as in some cases those "benefits and the actual workings of the visa programs are not well understood", Nasscom President R Chandrasekhar said.
Always seek the advice of professional mutual fund managers and invest in those funds that have been consistent performers over the last 10-20 years, and have generated money in good and bad times, says Madhu Kela, Chief Investment Strategist, Reliance Capital.
Over 28,000 IT employees have signed an online petition asking the Labour Ministry to stop IT companies from holding them to a three-month non-negotiable notice period.
It is a mark of Warren Buffett‘s smart investment choices over the years that whenever he decides to pass on his wisdom, value investors are all ears.
Mahindra, which has been in the US for just two decades, has now emerged as number three top selling tractor company in the country. With a nationwide network, Mahindra also provides employment to thousands of people here.
Dipen Sheth, Head-Institutional Research, HDFC Securities is confident that with the current government in power, the politics and economics will converge. So the themes that would play out over the next two years would be housing, agriculture and rural infrastructure.
While buybacks are not new to the Indian market, they are not as popular when compared to the US market
The sector, led by Tata Consultancy Services, Infosys Ltd and Wipro Ltd, is lobbying hard as the new US administration under President Donald Trump considers putting in place visa restrictions.
While RIL Chairman Mukesh Ambani said the US' protectionist policies could be a blessing disguise for Indian IT, Chandrasekaran said he was not in the 'doom and gloom club'.
US President Donald Trump‘s measures will help Indian IT industry to focus on solving problems in India, Reliance Industries Chairman Mukesh Ambani said at at the NASSCOM India Leadership Forum. It could be key to making India one of the largest software markets in the world, he said.
Despite uncertainties stemming of US President Donald Trump's visa policies. IT industry body NASSCOMM is confident of a strong demand for the sector.
Speaking to CNBC-TV18, KK Singh, Chairman and Managing Director of Rolta India, said a conscious decision to decline contracts for third party-based projects had contributed to a flattish third quarter.