It Industry
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Coronavirus outbreak cripples all major sectors in country; sharp fall in revenues, unemployment to rise in coming days
Fp Staff •The coronavirus outbreak happened to be a major setback for hopes of a revival in beleaguered auto sector of the country, which had grappled in the red zone due to sharp fall in demand for over two quarters.
High skilled immigrants body urges US President Donald Trump to address long sufferings of H-1B visa holders
•A nonprofit body, representing high skilled immigrants from India, has urged President Donald Trump to address their long sufferings of H-1B visa holders by accelerating the pace of Green Card or legal permanent residency and remove bureaucratic, legal hurdles from the most-sought after work visa
Indian IT industry now a change originator, not in catch-up mode, say tech honchos; domestic firms getting into product spaces
•In an economy that will touch the $5 trillion mark, IT will be a $1.5 trillion industry in itself, said Rajesh Gopinathan, CEO and MD, TCS.
NASSCOM pegs FY20 revenue growth at 7.7% at $191 bn for IT industry in current fiscal; sector adds 2 lakh jobs
•The IT industry body had last fiscal discontinued an over two-decade-old practice of forecasting revenue growth, citing the fast-changing dynamics of the industry.
Bengaluru, Mumbai to see healthy office rental growth in 2020 on IT industry demand: Report
•The IT industry accounted for 35 percent of total transaction volume in the first half of 2019 across the top eight cities, which was most apparent within Bengaluru, which recorded an 14 percent rental rise in January-June (H1) 2019.
Improving education system key to cementing India's hold as global software leader: Narayana Murthy
•Improvement in the education system is crucial for India to cement its position as a global leader in software services and will involve strengthening universities that specialise in technology and raising their research contribution to the $125 billion industry, Infosys co-founder Narayana Murthy said on Monday
Indian IT industry important stakeholder in strengthening India-US ties: Indian envoy Harsh Vardhan Shringla
•The Indian IT industry is an important stakeholder in promoting business relations between India and the US as it contributes to the competitiveness of global operations of American companies and creates thousands of jobs in the US, Indian envoy Harsh Vardhan Shringla has said
Union Budget 2019: IT industry, startups meet Anurag Thakur to discuss data protection, tax issues
•Ahead of the Budget, representatives of the tech sector and industry bodies like Nasscom, IAMAI and MAIT met Minister of State for Finance Anurag Thakur on Saturday to discuss various issues, including tax structure, and share their views on strengthening the digital economy
H-1B visas: Nasscom says any move to put caps will weaken US companies, put jobs at risk
•IT industry body Nasscom on Thursday cautioned that any move by the US to limit visas for tech workers, will weaken American companies that depend on these work permits to fill skills gaps and put jobs at risk
New govt should focus on improving startup ecosystem: IT industry veteran V Balakrishnan
•The new government at the Centre should focus on improving the startup ecosystem as it's a big employment generator and has the potential to replicate the country's information technology success story, an IT industry veteran said on Thursday