Nasscom Pegs IT-BPM Exports Growth Rate At 7-8 Per Cent For FY17-18

Industry body Nasscom projected software export growth in fiscal 2017-18 at 7-8% in constant currency, down from 8.6% last year.

H-1B, Singapore Protectionism: Calm Down, This Is No Do Or Die Battle, Indian IT Has Weathered Bigger Storms

With the latest missive from the Donald Trump administration on H-1B visa, cautioning companies against misuse, the immigration issues of the Indian IT sector are back in news. And it is not the US alone that is drumming up protectionism for political gains. However, industry observers say that Indian IT services companies are resilient enough to weather such issues.

Trump Begins Clampdown On H-1B Visas

In a fresh blow to software professionals, the Trump administration has moved to bar entry-level programmers from the H-1B visa programme.

Suspension On Expedited H-1B Visa To Affect IT Cos

US’ decision to temporarily suspend the expedited premium processing of H-1B visas will lead to process delays for  IT firms too.

Tech Mahindra Delays Appraisals For Senior Staff As Trump Heat Adds To Worries

India’s famed multi-billion dollar information technology (IT) industry has been facing challenging times over the past 6-12 months with top-notch IT companies already facing earnings pressures in recent quarters due to tough business environment prevailing in their most lucrative US and European markets.

H1-B Visa Restrictions: Experts Say US Too Will Feel The Heat Of Donald Trump’s Plan

Today a legislation impacting H1-B visa programme has been introduced in the US House of Representatives making it difficult for companies in the US to employ skilled foreign workers. Among other things, the bill more than doubled the minimum wage requirement of H1-B visa holders to US $130,000.

This Country Will Be Most Impacted If US Passes New H-1B Visa Bill

It may not be a good time to be a techie in America. Correction: It may not be a good time to be a non-American in Trump’s America.

What H1B Visa Reforms Mean For IT Companies

Software services industry, already facing pressures on profitability and revenue, has become the latest target of the Trump administration’s moves to protect American jobs.

New H-1B Visa Announcement: Skills Not Salary The Trump Card

On 31 January 2017, an announcement impacting H-1B visa programme has been made by the US House of Representatives making it difficult for companies in the US to employ skilled foreign workers. Among other things, the minimum wage requirement of H-1B visa holders has been more than doubled to USD 130,000. At Greyhound Research we believe this is a significant announcement by the newly appointed Trump administration. While changes were expected under the new President, the suddenness and the order of the announcement has surely caught IT Services Providers across the globe by surprise.

Blow For Indian IT: New US Bill Proposes Doubling Wage Limit For H1B Visa

India’s information technology (IT) sector will face temporary setback to move workers from India to the US with the bill introduced in the US House of Representatives that mandates minimum wages of H1B visa holders at $130,000, double the current limit.

Trump-Wary IT Body Nasscom To Meet US Policy Makers Soon

Amid widespread concerns over impending policies of Donald Trump, who is set to take charge as US President from Friday, Nasscom is planning a visit to the US in the next few weeks to reach out to American policymakers and lawmakers.

Outlook 2017: Tech Industry Faces A Volatile Year Ahead

“2017 is going to be a volatile year for the Indian IT industry,” says Sanchit Vir Gogia, Chief Analyst and CEO, Greyhound Research. “The pace of technological changes is very high and it will lead to substantial job cuts. The companies will try to be a lot leaner,” predicts Gogia.

Indian IT services companies have been facing competition from upstart players with highly specialised skill sets based in advanced markets, especially in areas such as cloud services and analytics. The cash-rich Indian IT companies are responding to this by acquiring companies overseas and thereby enhancing capabilities. Wipro spending nearly $1 billion in acquisitions last year is a case in point. In 2017, we are likely to see big boys of the Indian IT industry loosening their purse strings to make large acquisitions. “They will look at companies with sizeable revenues,” says Gogia.

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Flashback 2016: Year Of Uncertainties For IT Sector

Information technology industry strived to find newer opportunities and markets in 2016 as geopolitical uncertainties, a challenging business climate and technological shift clouded outlook.

To Combat Market Slowdown, Nasscom Plans A US IT Show

IT industry’s representative body, National Association of Software and Services Companies (Nasscom), is exploring hosting its first IT industry event in the United States even as the sector combats the market slowdown.

Should The Indian IT Sector Be Vary Of New US President-Elect Donald Trump

Republican candidate Donald Trump just two days ago during his election rally had strongly criticized technology giant IBM for laying off 500 staffs working at Minnepolis located on mid-western US state of Minnesota. During his rally, Trump also had said that if he gets elected, his government will not allow companies like IBM to move jobs outside the US and they would have to pay 35 percent tax for developing products outside the US.

Theresa May To Skip Visit To IT firms In Bengaluru As UK Turns Protectionist

A visiting British Prime Minister is skipping a pilgrimage to local software companies in Bengaluru for the first time in over fifteen years. Instead, Theresa May has a trip to Dynamatics Technologies, an aerospace and hydraulic pumps manufacturer, which has three factories in the UK generating jobs locally.

UK New Visa Rules: Calm Down Folks, Indian IT Firms Won’t Be Affected

The recent change in UK visa rules announced today which created a panic among Indian IT professionals might not have a significant impact, according to experts in the industry.

UK Tightens Visa Rules For Techies

The UK government has decided to increase yearly salary threshold for technology professionals applying for visa by 44 per cent. Under the new visa rules announced last evening by the UK Home Office, anyone applying after November 24 under the Tier 2 intra-company transfer (ICT) category would be required to meet a higher salary threshold requirement of £30,000 from the earlier £pounds.

One Year On, What’s Plaguing Digital India’s Success?

aPM Narendra Modi’s highly ambitious Digital India Program completes a year of its existence today. In the last one year, several initiatives were announced by the government – from the launch of MyGov.in portal to BharatNet and E-sign to Wi-Fi hotspots.

Will Pune Outpace Bengaluru To Become India’s Next Startup Hub?

Maharashtra CM Devendra Fadnavis recently expressed the state government’s intention to develop Pune as the startup hub for Maharashtra. He went on to say that Pune could be the startup hub of the country.

Are Indian Techies Safe Abroad?

In this era of globalization, competition is increasing in every field. In India, jobs in IT sector are multiplying day by day and the craze among the employees to go abroad is on a high note.

Nasscom rejects Murthy’s ‘immigration agents’ comment on Indian IT firms

The National Association of Software and Services Companies (Nasscom) rejected NR Narayana Murthy’s comment wherein he called Indian IT firms as behaving like “immigration agents.”

Nasscom rejects Murthy’s comment calling Indian IT firms immigration agents

N R N Murthy, co-founder Infosys, may have stirred up a hornet’s nest by saying Indian IT firms behave like immigration agents, but the model that he claims he created to be less dependent on visa’s did not yield the desired results at Infosys, say industry sources.

Nasscom rejects Murthy’s comment calling Indian IT firms ‘immigration agents’

N R N Murthy, co-founder Infosys, may have stirred up a hornet’s nest by saying Indian IT firms behave like immigration agents, but the model that he claims he created to be less dependent on visa’s did not yield the desired results at Infosys, say industry sources.

How terror is affecting Indian techies overseas

When Nirmal Jain, an IBM employee, was about to be sent to Jordan on his first onsite posting, his family had serious concerns about security.

However, for Jain, now 24, it was a blessing in disguise. IBM paid him a daily hardship allowance of about 40 Jordanian Dinar (roughly ₹4,000) as the country, which borders Syria and Iraq, is considered a high-risk location.

IT Industry invests in innovation to adapt to changing marketplace

Indian software companies may not be reporting the 25 to 30 per cent growth rates they had witnessed a few years ago – and probably will never again – but they are still making rapid strides on the back of innovation, improved revenue productivity and by investing heavily in technology such as automation and the Internet of Things (IoT).

FISME and Microsoft to enable more than 10,000 SMBs for cloud adoption – CIO India

Federation of Indian Micro and Small & Medium Enterprises (FISME), an apex industry body, and Microsoft have come together to enable more than 10,000 micro, small and medium businesses across the country to adopt information technology and cloud computing. This will help them to connect better with their existing customers and reach out to potential customers across India.

At Your Fingertips

The online travel sector comprises more than 50 per cent of the e-commerce industry in India, which is currently estimated to be in the range of US$ 11-16 billion. Given its size and high levels of user acceptance, this segment has seen the largest number of start-ups – estimated at more than 200 businesses.

TCS Q4 Net Profit Plummets 30%

Tata Consultancy Services has recorded a 30.7 per cent fall in net profit for the fourth quarter ended March 31, 2015, by a one-off bonus paid to employees, cross currency-movements and overall weakness in key sectors.

Sanchit Vir Gogia, Chief Analyst and CEO, Greyhound Research’s quote on TCS Q4 result

Greyhound Research believes that with revenue growth of 1.1% in Q4, TCS holds a sturdy position in the market in terms of growth and competitive positioning. This growth in their revenue is surely accredited to their sharp focus on emerging technologies as well as emerging markets.

TCS Will Have To Run Harder To Stay Ahead Of The Pack

Over the past few years, Tata Consultancy Services (TCS) has increasingly turned out to be the bellwether for the Indian IT industry, a position long held by Infosys.

TCS Q4 Net Profit Plummets 30%

Tata Consultancy Services has recorded a 30.7 per cent fall in net profit for the fourth quarter ended March 31, 2015, by a one-off bonus paid to employees, cross currency-movements and overall weakness in key sectors.

Great Expectations, Skyhigh Hopes

Riding high on Finance Minister Arun Jaitley’s apparently ‘pro-Industry’ budget, India Inc moves beyond the uncertainty of ‘will-it-won’tit?’ expecting that after a long spell of recession, better days could be just around

How IT firms have now tightened up

Six years ago, the biggest question facing the Indian industry was whether the Satyam corporate accounting fraud will slow down offshoring to home-bred IT companies. Many thought that the fraud perpetrated by B Ramalinga Raju and team would be seen by overseas clients as a systemic problem within the IT industry.

Will The New COO Rewrite Wipro’s Growth Strategy?

Abid Neemuchwala’s appointment comes at crucial time, with top executives set to retire.

$130-b Software Sector Braces For Currency Correction

After TCS and Mindtree set the alarm bells ringing with their cautionary outlook, exporters in the $130-billion sector are bracing for currency volatility, as global currencies have depreciated sharply against the dollar in the recent past.