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.
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.
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.
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.
Nasscom has guided for IT services exports growth of 7-9% in c/c for FY2019 as against 7% likely to be achieved in FY2018. Nasscom expects a better economic environment and deals signed by the industry to help elevate growth trajectory, especially towards the second half. We believe that FY2019 growth will be better than FY2018 though not as steep as the Street is building in estimates.
The National Association of Software and Services (Nasscom), the industry body of the Indian IT and business process management (BPM) sector, on Tuesday said the country’s IT exports could grow between 7 and 9 per cent in 2018-19.
"We estimate a 7-9 per cent growth rate in IT and IT-enabled services for 2018-19. Domestic revenues may grow slightly higher at 10-12 per cent, while exports, the mainstay, may lag in 2018-19," R Chandrashekhar, Nasscom president, told reporters here at its annual India Leadership Forum.
Nasscom on Monday launched a platform for skill development in eight varied technologies, starting with artificial intelligence (AI), for creating skills for future jobs in the country. The platform — FutureSkills — was unveiled by Prime Minister Narendra Modi via video conference during the inaugural session of the World Congress on Information Technology (WCIT)-2018. Besides AI, the other technologies in focus will be virtual reality, robotic process automation, internet of things, big data analytics, 3D printing, cloud computing, social and mobile.
Outlook for the Indian information technology (IT) sector is ‘cautiously positive’ in 2018 as challenges remain amidst prospects of greater IT spending with global and US economies improving, industry body Nasscom said. Dismissing speculation about 2018 being a come-back year for the IT sector, the president of the industry body Nasscom (National Association of Software and Services Companies), R Chandrashekhar, said, “That’s the problem, that people proclaim a major revival very quickly.” “Neither was a decline predicted nor a sudden massive revival or change this year,” he told PTI here.
NEW DELHI: Fresh restrictions on work visas for technology workers proposed by the Trump administration are set to further exacerbate difficulties faced by Indian outsourcing companies. The proposed regulations — like the HR 170 — as well as the doubling of visa fees announced earlier, have increased the burden on local technology firms placing them at a disadvantage compared to overseas rivals, according to a software industry lobby.
"The US government's immigration policy is creating an artificial distinction between one company and another," said R Chandrashekhar, president of the National Association for Software and Services Companies.
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