Page 17 - Nasscom

Nasscom denies mass layoffs, says IT sector net hirer of 1.5 lakh people

It was speaking in the back of media reports of mass layoffs across the sector

TCS, Infosys got only 8.8% of total H-1B visas: Nasscom's rebuttal to US

Indian IT firms account for less than 20 per cent of the H-1B visas

Nasscom says Indian IT firms get 20% of H-1B visas, pay higher wages

The National Association of Software and Services Companies (Nasscom) said Indian information technology (IT) service entities account for less than a fifth of H1B visas in America.A background briefing by US White House officials, ahead of President Donald Trump signing an executive order last week to bring in changes to the H1B visa programme, had accused both Tata Consultancy Services (TCS) and Infosys Technologies of paying lower wages for workers sent to the US.Also, said Nasscom, Indian IT companies paid higher salaries for workers sent on projects than local wages in the US. "In FY15, only six of the top 20 H-1B recipients were Indian companies. Further among the companies named, the two Indian ones, TCS and Infosys, together received 7,504 approved H-1B visas, only 8.8 per cent of the total approved," it stated.Nasscom said the average pay for H1B visa holders was a little over $82,000, apart from a fixed cost of about $15,000 incurred for each visa issued. "This is over 35 ...

Australian visa move unlikely to impact Indian IT workers: Nasscom

Australia has abolished a visa programme used by over 95,000 temporary foreign workers

Nasscom appoints Raman Roy as chairman, Rishad Premji vice-chairman

IT services industry body Nasscom on Wednesday appointed Raman Roy, chairman and managing director of Quatrro, as its new chairman for this fiscal. Roy, who is popularly known as the pioneer of business process outsourcing (BPO) industry, will take over from C P Gurnani, MD and chief executive officer of Tech Mahindra. Nasscom has also appointed Wipro's chief strategy officer & member of the board Rishad Premji as the vice-chairman for 2017-18. Both the leaders will take up office from April 6. "Raman is an industry veteran and has been the catalyst of its exponential growth in the last few decades. We are sure to gain huge insights from his wealth of experience on global and domestic markets," said R Chandrashekhar, President, Nasscom. The Nasscom president bestowed his faith on Wipro scion as the vice-chairman. "A new age leader like Rishad, with his vast exposure, will bring fresh ideas to the table, helping the industry tap new domains and opportunities globally."Indian IT ...

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