BUSINESS
Prime Minister Narendra Modi has this message for startup founders on valuations
Don't limit yourself to valuation and exit strategies. Think how you can create institutions that will outlast this century. Think how you can create world-class products that will set the global benchmark on excellence, said Prime Minister Narendra Modi at the Nasscom Technology and Leadership Forum (NTLF) 2021.
BUSINESS
Modi praises Indian IT industry, urges cos to 'Make for India'
PM Narendra Modi said that the country has high expectations from the IT industry and that its solutions will have 'made for India' now. "Innovation and enterprise will help Indian IT build a culture of excellence and institution building," he said
BUSINESS
Can Biden revive the American Dream for Indian students?
With many developed countries offering equal opportunities, the US and the H1-B visa are no longer the big option they once were, particularly after four years of Trump battering.
BUSINESS
How Snapchat is getting photobombed in India by its rivals
So large, and yet, so small — that's India for Snapchat. Over the last year, it has grown by leaps and bounds to over 60 million active users. This should ideally have been an inflection point in India — with the surge in users, and brands warming up, it should have been raining deals for the company. And yet, Snapchat is still a long way from becoming the top choice for advertisers. Unless it innovates quickly, it will fall further behind its rivals
BUSINESS
Nasscom CEO Survey 2021: Indian tech industry to add 1.38 lakh jobs in FY20-21
CEOs surveyed by industry body expect growth to take place in the digital space. Companies upskill 2.5 lakh employees in the digital space every year. Deal value for cloud grew 80 percent between April and September 2020, compared to October-March 2020 at the back of COVID-19.
BUSINESS
Snap to double down on India as user base crosses 60 million
Snap’s Nana Murugesan, Managing Director, International Markets, says to expand Snapchat’s reach in India they will step up investment in partnerships, experiences and product development.
BUSINESS
Hexaware to hire more than 1,000 freshers this year, sees double-digit growth
With demand outstripping supply, the company is now in aggressive hiring mode.
BUSINESS
Biden in the White House: Good news or bad for Indian techies?
Commenting on the H-1B wage-based selection, V Ramakrishnan, CFO, TCS, recently said, “We don’t know even if these changes will survive. Some of the changes that happened, they were successfully legally challenged.”
BUSINESS
Happiest Minds scouting for $10-30 million acquisitions with focus on digital capabilities
Happiest Minds is seeing demand across its digital service offerings including cloud, security solutions and analytics.
BUSINESS
H-4 work authorisation renewal woes continue for H-1B dependents
Much will depend on a joint report on work authorization for spouses of H-1B visa holders, which must be filed by March 5. It comes on the orders of a US court and is part of an ongoing lawsuit.
BUSINESS
Engineering Service firms script a turnaround after COVID-19 setback
With investments returning, and companies clinching lucrative deals in India and abroad, there is strong growth momentum in the months ahead
BUSINESS
1.2 lakh HCL Tech employees to get one-time bonus
The bonus is to celebrate HCL Tech $10 billion revenue milestone for the year ending December 2020. The employee bonus payout is worth over Rs 700 crore.
BUSINESS
H-1B Visa: What happened in US immigration this week?
USCIS opens the H-1B electronic registration process on March 9 till March 25 based on lottery. The Department of Homeland Security has delayed the implementation of the wage-based H-1B selection process till December 31.
BUSINESS
Post COVID-19, IT firms pilot gig working models, plan dedicated WFH policies
The pandemic has revealed that freelancers and remote workers are here to stay, and that earlier data security concerns were a trifle misplaced
BUSINESS
Union Budget 2021: Can the National Language Translation Mission make signing up in Indian vernaculars a norm?
Union Budget 2021: The Indic language system is set to get a big boost when official documents in English or Hindi can be translated into Tamil, Kannada, Gujarati, Malayalam, and other regional vernaculars
BUSINESS
Union Budget 2021: Research budget should reach beyond the IITs: Kris Gopalakrishnan
Union Budget 2021: `This Rs 50,000 crore is a very good allocation for the research ecosystem, ensuring that the NRF is funded very well. It is also good signal to the entire business community that the government is optimistic about funding research’
BUSINESS
Budget 2021 | No clarity on SEZ rules for WFH, but IT firms could gain from digital projects
The Union Budget 2021 earmarked Rs 3,768 crore for first ever digital census. Revamp of Ministry of Corporate Affairs website leveraging new-age technologies is planned in 2021-22.
BUSINESS
H-1B visa: What happened in US immigration this week?
Two decisions that made getting H-1B visas difficult have been put on hold for 60 days, awaiting review.
BUSINESS
Fresh H-1B approval rates for Indian IT firms rise between July and September 2020: American think tank
The increase is attributed mainly to US court rulings that rescinded two unfavourable memos of 2010 and 2018, which had resulted in increased rejection rates between October 2019 and March 2020.
BUSINESS
How did mid-tier IT firms perform in Q3 FY21?
Just like top IT firms, tier II IT firms too have been among the biggest gainers during the pandemic as their stock prices more than doubled since April 2020.
BUSINESS
Large deals to drive growth for Mphasis: CEO Nitin Rakesh
Company takes Blackstone exit reports in its stride, even as it tries to pull up declining DXC business
BUSINESS
Covid: HCL Tech working with industry bodies to get its employees and their families vaccinated
The company, which has 1.59 lakh employees, is in touch with NASSCOM, CII and vaccine producers while awaiting clarity from the government on the vaccination policy
BUSINESS
New year starts on a good note for techies with ramp up in hiring and likely favourable H-1B regime
With favourable H-1B visa regime in the offing under Joe Biden administration, ramp up in hiring by tech firms and salary increments, there is no good time to be a techie than now
BUSINESS
IT services companies’ subcontracting costs rise as demand picks up
Most contract staffing firms have seen demand go back to 80-90 percent of pre-pandemic levels. According to contract hiring executives, the share of subcontracting will increase due to rising demand and increasing acceptance of the work-from-home model
