IT News
Budget 2011: Investments in education, infra should be in focus, says S Gopalakrishnan, CEO, Infosys
Source:Economic TimesThe government is hoping that the budget will see some action there on the IT space. Certainly the IT bodies and the companies are greatly interested. Many of them are expecting reduction of MAT, simplification of service tax refunds, plenty of others including an extension of course of the STPI. ET Now spoke to S Gopalakrishnan , CEO, Infosys on his wish list for Budget 2011 . What is the IT industry expecting from the budget this time? From my personal side, there are 3 things I will look for and one which is more about streamlining the application of loss and things like that...
moreIndia world's best outsourcing destination: AT Kearney
Source:Economic TimesBOSTON: India remains the favourite back-office of the world thanks to its "first-mover advantage" and deep skill base, as per global management consulting firm AT Kearney's ranking of the best outsourcing destinations. The top three slots in AT Kearney's 2011 Global Services Location Index (GSLI) are occupied by three Asian countries: India, China and Malaysia. The three countries have enjoyed the top three rankings since the inception of the GSLI in 2003, demonstrating "remarkable staying power, thanks to their deep talent pools and cost advantages"...
moreTechnopark IT firm enters Indian transportation market
Source:Times of IndiaTHIRUVANANTHAPURAM: The Technopark-based ARS Software Engineering on Wednesday announced it will enter the Indian transportation and logistics industry with its intelligent transport systems solutions. The company is a subsidiary of ARS Traffic and Transport Technology BV based in the Netherlands. Intelligent transport systems (ITS) refer to the information and communications technology to support transport infrastructure with applications in basic management systems such as car navigation, traffic signal control systems and container management systems...
moreUST Global sharpens focus on domestic market
Source:Business LineIT services and solutions provider UST Global plans to increase its focus on the Indian market by tapping opportunities in the telecom and healthcare sectors. “At present, Indian revenues account for only 3-4 per cent of our total revenues. Henceforth, we will tap the market through more offerings and partnerships,'' Mr Alexander Varghese, Country Head – India, UST Global, told Business Line on the sidelines of Nasscom's India Leadership Forum 2011 here. The Thiruvananthapuram-based privately held firm has 5,000 employees in India out of 8,000 globally...
moreIt is not about offshoring but about services globalization
Source:MintIn his first interview after taking over as the India head for Accenture Plc after a consulting stint, Avinash Vashistha spoke on the firm’s three-pronged approach of consulting, technology and outsourcing, and how it will leverage its global strengths to increase its market share in India. Edited excerpts: You have just come back after meeting the global team. Where do you see India fit in globally for Accenture, especially given the perception that it has not done as well here as it could have? India is critical market for us. It is a big play in general...
moreUST Global sharpens focus on domestic market
Source:Business LineIT services and solutions provider UST Global plans to increase its focus on the Indian market by tapping opportunities in the telecom and healthcare sectors. “At present, Indian revenues account for only 3-4 per cent of our total revenues. Henceforth, we will tap the market through more offerings and partnerships,'' Mr Alexander Varghese, Country Head – India, UST Global, told Business Line on the sidelines of Nasscom's India Leadership Forum 2011 here. The Thiruvananthapuram-based privately held firm has 5,000 employees in India out of 8,000 globally...
moreIT no longer back-office engine: IBM chief
Source:Economic TimesBANGALORE: IBM chairman and CEO Samuel J Palmisano said on Wednesday that rapid technological change and the rebalancing of economies are the two biggest challenges facing companies and leaders today. "Over the course of the last century, information technology has gone from a set of tools to an industry....to a science...to a pervasive aspect of the modern world. IT today isn't just a back-office engine or a never-ending flow of consumer gadgets," he said while delivering the centenary lecture of the Indian Institute of Science in Bangalore ...
moreAccenture will increase India market focus, says new MD
Source:Economic TimesGlobal technology outsourcing and consulting firm Accenture sees a big opportunity in India with the aspiration of local companies to go global at an all-time high. Accenture India's new managing director Avinash Vashistha told TOI that clients globally had matured and their expectations too had changed. "They are looking for better insights and specific business outcomes of high value. Indian customers are no different and they too want to grow quickly and become global. This means a huge opportunity for us across multiple businesses," he said...
moreEconomic Survey for more reforms, faster government clearance
Source:Economic TimesNEW DELHI: Streamlining environment clearance for infrastructure projects, early introduction of Good and Service Tax and second Green Revolution are among the over a dozen reforms outlined by Economic Survey 2010-11 for accelerating economic growth. Projecting a nine per cent GDP growth for 2011-12, the Economic Survey, tabled by Finance Minister Pranab Mukherjee in Parliament, has suggested a Reform Agenda for the government to achieve the targets...
moreIndustry rues death of STPI scheme
Source:Business StandardThe $76-billion information technology (IT) and IT-enabled services (ITeS) has found itself at the receiving end of the Budget. The finance minister sounded the death knell of the Software Technology Parks of Technology (STPI) scheme by being silent on its extension. The scheme ends on March 31. He also raised the minimum alternate tax (MAT) from 18 per cent to 18.5 per cent. MAT will now also apply to units in special economic zones (SEZs) and SEZ developers...
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