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Nasscom skips forecast ritual
Posted on 21st February 2019
IT industry association Nasscom on Wednesday broke with tradition and stopped the practice of forecasting annual growth.

Instead, it revealed the details of a survey of chief executives that showed they were “cautiously optimistic’’ about the growth prospects for 2019-20 given the increasing global macroeconomic headwinds.


AI startup Tranzmeo raises funding from HPCL
Posted on 27th December 2018
Mumbai: Artificial intelligence (AI) startup Tranzmeo, which is part of NASSCOM 10,000 Startups accelerator programme, has secured an undisclosed pre-seed funding from Hindustan Petroleum Corp. Ltd (HPCL) for its AI-powered product, T-connect OneView, the industry body said in a statement on Wednesday.

Nasscom partners IIT-Madras for training workforce in digital skills
Posted on 17th December 2018
Industry body Nasscom has collaborated with the Indian Institute of Technology, Madras for its FutureSkills Platform that is targeted at re-skilling/upskilling four million people on digital skills.

Under its FutureSkills Platform, Nasscom aims to re-skill/upskill four million people from the IT-ITeS industry, students entering the workforce and employees of other industries/government on digital skills.


Indian software products sector growing 9.5 percent yearly: Nasscom
Posted on 25th October 2018
Indian software products sector, which is estimated to be worth $7-billion, is growing at a rate of 9.5 per cent annually, IT industry apex body Nasscom said on Wednesday. “India is already a matured software product ecosystem, currently a $7-billion sector with 3,720 companies, and growing at 9.5 per cent annually,” Nasscom said in a statement here.

Nasscom partners Hiroshima Govt for Japan-India IT corridor
Posted on 23rd October 2018
IT industry body Nasscom on Monday said it has signed a letter of intent with the Hiroshima Government to work together in creating Japan-India IT corridor to facilitate partnerships between companies from both nations.

“The Hiroshima Government will co-invest with Nasscom in creating Japan India IT Corridor that could be at the forefront of promoting B2B cooperation and talent transfer from India to Japan,” Nasscom said in a statement.


NASSCOM inks MoU with Dubai Internet to expand Indian SMEs in MENA region
Posted on 1st October 2018
IT industry body NASSCOM has signed an MoU with a leading technology community here to help small and medium-sized Indian enterprises expand their operations in the Middle East and North Africa region.

The MoU between the National Association of Software and Services Companies (NASSCOM) and the Dubai Internet City (DIC) is first of its kind in the Middle East and North Africa (MENA) region.


Wipro’s Rishad Premji appointed Nasscom chairman
Posted on 11th April 2018
IT industry body National Association of Software and Services Companies (Nasscom) on Tuesday announced the appointment of Rishad Premji, chief strategy officer and member of the board, Wipro, as its chairman for 2018-19. Premji has been a member of Nasscom’s Executive Council and was the vice-chairman for 2017-18.

Top Axis Bank executives Sidharth Rath, V. Srinivasan have resigned
Posted on 22nd March 2018
Mumbai: Two top executives at Axis Bank Ltd, India’s third largest private bank, have quit, two people aware of the development said.

Sidharth Rath, head of corporate and transaction banking, and V. Srinivasan, deputy managing director, have resigned, these people said on condition of anonymity. The Mumbai-based bank has seen a drastic fall in corporate loans in the recent past.


Nasscom won’t define ‘digital’, says rationalization impractical
Posted on 22nd March 2018
Bengaluru: Determining how India’s information technology (IT) industry is making itself future-proof just got more tedious. Industry body Nasscom will not come out with a broader definition for “digital”, the fuzzy umbrella term which each company uses to classify revenue generated from areas generally classified as social, mobile, analytics, cloud computing and Internet of Things, as it believes it is not practical to have a standard definition.

New Nasscom-Facebook studio helps start-up products meet global standards
Posted on 13th March 2018
In a bid to ensure products built by Indian start-ups can stand up to global standards, IT industry body Nasscom has opened a first-of-its-kind design studio for start-ups to get hand holding from industry mentors to build better products.

The Design4India programme, which has been built in partnership with social network giant Facebook and co-working space provider WeWork, will focus on helping start-ups design better products unlike other labs and accelerators which largely focus only on fine tuning the business models.


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