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Union Budget 2019: Nasscom seeks new tax-friendly SEZ policy beyond 2020
Fri, Jun 14, 2019
Nasscom, in its pre-Budget recommendations submitted earlier this week, said IT-BPM industry contributes 6.6 per cent to the country's GDP, directly employs over 4.1 million skilled workforce and annually earns over USD 130 billion in foreign exchange.
WhatsApp, NASSCOM to impart digital literacy
Mon, Mar 18, 2019
"I would like to urge all the connected citizens who want to join this fight against the spread of fake information, to come and help volunteer towards the cause," Pamidi added.
ABB Chief Executive Ulrich Spiesshofer receives NASSCOM Global CEO Award
Fri, Feb 22, 2019
The award, presented by the main trade organization of Indian IT-BPM companies, recognizes Spiesshofer’s exemplary business leadership in shaping ABB as a pioneering technology leader in digital industries.
ABB CEO meets Maharashtra CM Devendra Fadnavis, discusses AI, robotics, skills development and e-mobility
Wed, Feb 20, 2019
On the sidelines of the NASSCOM Technology & Leadership Forum 2019, ABB CEO Ulrich Spiesshofer held talks with Maharashtra Chief Minister Devendra Fadnavis.
Nasscom hails angel tax relief on investments in start-ups
Fri, Jan 25, 2019
Angel tax is levied on premium paid on investments in start-ups and unlisted firms to curb "laundering" under the Income Tax Act 1961, as their valuations increase despite stagnant or declining revenues.The Income Tax sleuths have raised concerns over premium paid on shares of startups at valuation that were not commensurate with their revenue growth. A premium higher than the fair market value is considered other income, which is taxable under the angel tax.
Start-ups in India 2018: How impactful were Indian entrepreneurs? Find out
Wed, Dec 26, 2018
Start-ups in India 2018: India has emerged as a breeding ground for innovation and entrepreneurship and that has created an exciting space for start-ups. That the space is marked by positivity is clear from the creation of scalable and repeatable business models.
Indian social impact startups growing at 20%: Nasscom
Tue, Nov 20, 2018
Social impact startups in India are growing at an annual rate of 20 per cent and currently there are over 400 such startups in the country, said Sangeeta Gupta, Senior Vice President of Nasscom, here on Tuesday.
Startups in India see 108% growth in funding in 2018: NASSCOM
Thu, Oct 25, 2018
The startups in India saw a 108 per cent growth in total funding from USD two billion in 2017 to USD 4.2 billion this year, National Association of Software and Services Companies said Thursday.
Nasscom calls Cryptocurrency illegal; asks players to obey the law and seek govt clarification
Thu, Oct 25, 2018
Ghosh said from Nasscom perspective, it was very clear that cyptocurrencies were illegal.
Wipro has 14,000 staff in US, 58% are Americans, set to hire more, says Rishad Premji
Tue, May 29, 2018
Indian IT services giant Wipro is localising more in the US and more than half of its workforce in the country now consists of locals, the company’s chief strategy officer Rishad Premji said, asserting that the firm is very committed to the US market.
US H-1B is not an issue for the Indian IT Sector: Debjani Ghosh, NASSCOM President
Fri, Apr 27, 2018
Debjani Ghosh, President NASSCOM, in an exclusive interview with Zee Business's Anurag Shah spoke about how the Indian IT sector was treating the US H-1B visa issue, the gradual change of the legacy model in IT industry and how students must learn about digital technologies as the companies of the future will be infused with such systems:
Mumbai property FSI hike: In land-starved city, IT companies to get a boost
Thu, Apr 12, 2018
For a plot admeasuring 2,000 square metre (sq m) an FSI up to three will be offered, for a plot above 2,000 sq m and up to 3,000 sq m, an FSI up to four has been proposed. Similarly, for a plot above 3,000 sq m, an FSI up to five is being proposed.
Services Sector contributed almost 72.5% of GVA growth in 2017-18
Mon, Jan 29, 2018
While the growth of Service Sector as a whole is expected to be at 8.3 per cent in 2017-18, the growth in Services exports was 16.2 per cent in H1 of 2017-18.
Nasscom, MassChallenge Israel join hands to support startups
Mon, Jan 15, 2018
Industry body Nasscom today inked an agreement with startup accelerator MassChallenge Israel, committing scholarship support of USD 5,000 each for up to 10 Indian startups.
Bill on H-1B visa gives sleepless nights to Indian techies in US
Wed, Jan 03, 2018
The bill, which is aligned to Trump's “Buy American, Hire American” initiative, proposes to prevent misuse of H-1B visa. “Buy American, Hire American” vision that was promised by the President during his 2016 campaign, aims to protect local jobs for the Americans.
Microsoft India to nurture unicorn firms, start-up community in 2018: Anant Maheshwari, Microsoft
Fri, Dec 15, 2017
Microsoft globally, including in India, has been uniquely positioned and has done a lot of work over the last 40 years to build a massive partner eco-system that is serving SMBs.
By 2022, 9% Indians will be in jobs that do not exist today: Reports
Wed, Dec 13, 2017
According to the FICCI-Nasscom & EY report, there would be a job slowdown for the next two years as companies struggle to restructure their business models, and by 2022, the entire job landscape would undergo drastic change.
US is the new favourite destination for India Inc
Wed, Nov 15, 2017
Commerce and Industry Minister Nirmala Sitharaman said Prime Minister Narendra Modi has directed that every proposal that entails some expenditure must lead to job creation and need to include jobs estimate.
India added over 1,000 new tech start-ups in 2017 to become third largest ecosystem
Thu, Nov 02, 2017
Growing at 5-year CAGR of 30%, advanced tech start-ups focused on creating solutions in segments like Artificial Intelligence, Analytics, Augmented Reality or Virtual reality
Govt admits that India's IT sector is now creating less and less new jobs
Wed, Aug 09, 2017
The net additions of IT professionals has dropped since FY15 however total employees in the sector have grown in FY17.