TCS wants to hike India sales to $10 billion or a seven-fold jump from current levels. Slowing revenue growth in the US may be a reason to look homewards but it will need to develop the market first
Global capability centres are playing a crucial role in making India an important destination for engineering R&D
It is not enough to say Make in India. We must also consume Made in India. This will not only give Indian businesses the potential to take on global competition, but also give the government adequate leverage when pushing some foreign policy imperatives
CRISIL, however, said that the marginal impact will be over and above the up to 2.50 percent decline in IT firms' profits because of the COVID-19 pandemic.
"President NASSCOM @debjani_ghosh_ met me. We discussed issues pertaining to IT industry of India. She informed me that Indian IT industry is set to grow at 8% to $167 Billion in 2018 offering direct jobs to 3.97 million people, which is an addition of 105,000 employees over 2017," Prasad said on social media platform Twitter.
The company's networth stands at USD 12.4 billion. According to buy back rules, if TCS wants to avoid a shareholder nod, it can opt for a 10 percent buyback of shares which would be arounf USD 1.24 billion. With a shareholder approval, the company can go upto a 25 percent share buyback which will be USD 3.1 billion.
Mukesh Ambani Chairman, Reliance Industries at the Nasscom Leadership forum spoke with Neelam Dhawan VP- Global Industries, HP on various challenges and way forward for businesses.
New US President Donald Trump's 'Buy American-hire American' rallying cry has put the $150-billion Indian IT industry on edge, which is in wait-and-watch mode to see how the new administration evolves policies around outsourcing and movement of skilled workers.
Nasscom tried to allay fears of tech outsourcing firms which were concerned on capping on work visas if Trump came to power.
We have Robert LeBlanc, Global Leader, IBM Cloud joining us to talk about IBM Cloud in India and the Indian IT industry as a whole.
In an interview to CNBC-TV18, NR Narayana Murthy, the founder of Infosys Technologies talked about the Indian IT industry and the road ahead
Nasscom believes the Indian IT industry will do "exceedingly well" in 2013-14. The IT industry body expects to meet its earlier projected estimate of 11-14 percent growth in the country‘s software exports in the current financial year at the lower-end.
The Indian IT industry is gearing up for its next phase of growth. At the NASSCOM India Leadership Forum, most IT bellwethers seemed confident of exceeding NASSCOM's growth forecast of 11-14% for the next year.
The Electronics and Computer Software Export Promotion Council today said information and communication technology (ICT) export for the current fiscal is projected at 15% at USD 75 billion.
India's software services sector, which gets more than half of its revenue from the United States, is unlikely to be affected in the near-term after the US sovereign debt rating downgrade by Standard & Poor's, a leading IT industry lobby group said.
The Indian technology sector has had a steady run in the fourth quarter of FY11. And while HCL tech and TCS had analysts smiling, the Infosys numbers had them shaking their heads, reports CNBC-TV18's Kritika Saxena.
Indian IT industry has seen a massive expansion in the last decade. This industry signifies India's position as the knowledge-based economy with a sustainable growth rate. In an interview on CNBC-TV18, Ashwin Mehta, IT Analyst from Nomura India said that the Indian IT sector will keep marking growth and he is very positive about it.