US H-1B proposal is against free trade principlesApril 24th, 2009 NEW DELHI/WASHINGTON - India's software industry has opposed a US bill that seeks to make it mandatory for American companies to fill vacancies with locals before turning to skilled foreign workers. 'The stated objective of the bill is to prevent fraud and visa abuse.
Revenues of Indian software industry to top $60 billion: NasscomFebruary 3rd, 2009 NEW DELHI - The Indian software and services industry is expected to grow 16 percent this fiscal and log revenues of $60 billion despite the global slowdown, a top lobby for the industry said Wednesday. The National Association of Software and Service Companies (Nasscom) said together with the business process outsourcing (BPO) sector, the revenues are expected to top $71.7 billion with a growth of 17 percent.
Nasscom to form corporate governance and ethics committeeFebruary 10th, 2009 NEW DELHI - IT industry body National Association of Software and Services Companies (Nasscom) Wednesday said it will form a corporate governance and ethics committee, headed by Infosys Technologies chairman N.R. Narayana Murthy.
Nasscom signs deal with Colombian IT groupFebruary 10th, 2009 MUMBAI - The National Association of Software and Services Companies (Nasscom) Wednesday signed an agreement with Colombia's Federation of Software and Related Technologies (Fedesoft) to enhance software trade between the two countries. The memorandum of understanding (MoU) was signed at the India Leadership Summit, organised by Nasscom here, by its president Som Mittal and his Fedesoft counterpart Alberto Pradilla Bermudez.
Indian IT industry to help in US economic recoveryApril 11th, 2009 WASHINGTON - India's information technology industry should start hiring in the US to help in its economic recovery as the US is always going to be its biggest market, the industry association's head has suggested. The restrictions on H1B visas in the US 'absolutely is a concern,' Pramod Bhasin, president and chief executive of outsourcing firm Genpact and the new chairman of the National Association of Software and Services Companies (Nasscom), said in an interview with Forbes Asia.
Nasscom seeks expedited spending of funds on IT projectsFebruary 15th, 2009 BANGALORE - The National Association of Software and Services Companies (Nasscom) Monday urged the government to expedite spending of allocated funds on IT projects to stimulate the domestic market. 'To drive economic activity, the government needs to expedite spending of allocated funds for IT projects to stimulate the domestic market,' the Nasscom said in a statement.
Apex IT body shocked by Satyam chief's confessionJanuary 6th, 2009 BANGALORE - Nasscom, the apex body of the IT-BPO industry in India, expressed its shock Wednesday at the confession made by Satyam Computers' erstwhile chief B. Ramalinga Raju, who admitted to a Rs.40 billion fraud before quitting his post.
Satyam fraud makes Nasscom tell IT firms 'be transparent'January 15th, 2009 BANGALORE - The massive financial fraud by IT bellwether Satyam Computer Services has goaded the software industry's representative body into issuing a wake-up call to its members across India and abroad. In a directive to its 1,200-odd members, the executive council of National Association of Software and Services Companies (Nasscom) asked them, especially those listed and accountable to investors, to be transparent and disclose much more than they have.
Software exports to grow in double digits: NASSCOM chiefSeptember 3rd, 2009 CHANDIGARH - India is expected to clock double-digit growth in the software and IT enabled services (ITeS) exports next year as the US and other markets are recovering from the meltdown, a top official of the trade association NASSCOM said here Thursday. "We are expecting IT exports to grow in double digits as the software markets of the US and other countries are recovering well.
Dalai Lama sees Chinese hand behind hackingMarch 31st, 2009 NEW DELHI - The Dalai Lama, the Tibetan spiritual leader, Tuesday confirmed reports that computers in his office were hacked and saw the Chinese government's hand in the cyber-spying. 'A communication from my office to the central secretariat of the elected government (Tibetan government in exile) about a person who wanted to see me fell into Chinese hands.
Nasscom pegs revenues of Indian software industry at $60 bnFebruary 3rd, 2009 NEW DELHI - The Indian software and services industry is expected to grow 16 percent this fiscal and log revenues of $60 billion despite the global slowdown, a top lobby for the industry said Wednesday. The National Association of Software and Service Companies (Nasscom) said in its report that together with the business process outsourcing (BPO) sector, the revenues are expected to top $71.7 billion with a growth of 17 percent.
Former eBay chief marks official launch of bid for Calif. governor, vows to cut state spendingSeptember 21st, 2009 Whitman to make Calif. gubernatorial bid officialSACRAMENTO, Calif.
Satyam among four Indian IT firms who top H-1B visa usersMarch 3rd, 2009 WASHINGTON - Four Indian IT outsourcers - Infosys Technologies, Wipro Technologies, Satyam Computer Services and Tata Consultancy Services (TCS) - dominate the list of companies winning H-1B visas in 2008. The four together used more than 10,000 of the visas for skilled professional limited to 65,000 foreign-educated workers per year, according to the US Citizenship and Immigration Services (USCIS).
Satyam among Indian IT firms topping H-1B visa usersMarch 4th, 2009 WASHINGTON - Four Indian IT outsourcers - Infosys Technologies, Wipro Technologies, Satyam Computer Services and Tata Consultancy Services (TCS) - dominate the list of companies who won H-1B visas in 2008. The four together used more than 10,000 of the visas for skilled professional limited to 65,000 foreign-educated workers per year, according to the US Citizenship and Immigration Services (USCIS).
Global outsourcing benefited US firms: NasscomFebruary 26th, 2009 BANGALORE - Indian IT industry body Nasscom has reacted cautiously to US President Barack Obama's remarks on outsourcing, saying global outsourcing had benefited US firms that generate over 50 percent of their business overseas. 'American companies generate more than 50 percent of their business outside the US.