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Indias IT Exports Revenue Growth Will 9-10% This Fiscal: T V Mohandas Pai

6Sep By Press Trust of IndiaNo Comments

Entrepreneurs Talk

Indias IT Exports Revenue Growth Will 9-10% This Fiscal: T V Mohandas Pai

The revenue growth of Indian IT exports this fiscal is likely to be slower than industry body Nasscoms projection of 10-12 per cent, according to industry veteran T V Mohandas Pai. "The figures could be lower than what Nasscom has said. But its still (expected to) be good figures. They forecast 10 to 12 per cent, I would say 9 to 10 per cent is something that could be more reasonable because we already have seen in the first quarter some companies not meeting numbers...second quarter, some companies going quiet. So, 9 to 10 per cent is reasonable," the former Board member at Infosys said. A clear picture would emerge after companies announce results for the September quarter, which is generally good for them. "Europe is beginning to look better. Brexit has hurt the UK. America... we h...

GST is Challenge For IT Industry Because of Multiple Taxes : Nasscom

4Aug By NitishNo Comments

News

GST is Challenge For IT Industry Because of Multiple Taxes : Nasscom

The GST regime would streamline the taxation system and make it much more transparent, but would also create multiple taxation points, which will be a "challenge" for the IT industry, Nasscom said today. Nasscom President R Chandrasekhar said the concerns regarding multiple taxation points have been brought to the notice of the government and it expects a positive response while framing the GST law. "IT services are intangible. The way things are looked at in the GST law, not the Constitution amendment, there we have a number of concerns which have been shared with the government. "We feel that today for IT services, it is a simple regime. One single point of taxation which is central service tax, one single point of registration, one single invoice, one single place where you hav...

Ivycamp Join Hands With Nasscom To Promote IoT Startups

27Jun By NitishNo Comments

News

Ivycamp Join Hands With Nasscom To Promote IoT Startups

Nasscom 10,000 StartUps along with IvyCamp, an initiative of IvyCap Ventures, has forged an alliance to bolster the Internet of Things (IoT) movement in the Indian startup ecosystem. The initiative will connect startups, investors, mentors and industry bodies to converge and explore ways of working together, a statement from Nasscom said. IvyCamp platform will connect the industry participants to entrepreneurs for providing guidance on formulating and driving the IoT business. Activities through the year will focus on seeking out, supporting and growing IoT innovations and ventures, it said. "The potential scope of disruptive technologies in India is vast, as they can have a massive economic impact. IoT is one such sector which is gradually gaining popularity. With this collaboratio...

A Report Says Fintech Market is Expected to Double to USD 2.4 Billion By 2020

7Jun By AnkitaNo Comments

ANALYSIS

A Report Says Fintech Market is Expected to Double to USD 2.4 Billion By 2020

Indian financial technology (fintech) market is expected to double to USD 2.4 billion by 2020, primarily triggered by rising customer experiences, e-commerce and smartphone penetration, according to a report. Emergence of fintech companies in India is a prelude to the transformation in payments, lending as well as personal finance that has attracted significant investor interest, the joint report by KPMG India and Nasscom 10,000 Startups said. "Investor inclination in startup funding is evident in the swelling number of angel deals from 370 in 2014 to 691 in 2015 and investments increasing multi-fold from USD 247 million in 2014 to USD 1.5 billion in 2015," the report said. Global fintech investments rose to USD 19 billion last year with more than USD 8 billion coming from...

NASSCOM, Facebook ink Signed MoU to Engage With Indias Entrepreneurs

5May By AdityaNo Comments

News

NASSCOM, Facebook ink Signed MoU to Engage With Indias Entrepreneurs

The trade body of Indian IT firms NASSCOM has signed a MoU with Facebook to build a product design initiative to engage the country's young entrepreneurs into becoming problem solvers and solution builders. Signed in Silicon Valley this week, the NASSCOM-Facebook initiative is likely to propel innovative thinking and approaches to build solutions in key sectors where technology can play a transformational role, NASSCOM President R Chandrashekhar said. "This is a joint initiative to catalyse the innovation ecosystem and to help design thinking. Today, we are at an inflection point where the industry is at the next phase of revolution and moving towards the whole startup and innovation part, which is coming on the heels of the two-decades-old of the growth of the services company," Chand...

Nasscom Partnered With Netherlands Government to Promote “Serious Gaming”

22Apr By AnkitaNo Comments

BUSINESS

Nasscom Partnered With Netherlands Government to Promote “Serious Gaming”

IT industry body Nasscom has partnered the Netherlands government to promote "serious gaming" in India. As part of the partnership, the two partners organised roadshows across Delhi, Mumbai, Pune and Bengaluru this month, focusing on showcasing the potential of gaming for various sectors. Demos of solutions that have been developed and deployed by reputed Dutch games companies were showcased at these roadshows. Nasccom Gaming Forum also launched Special Interest Group (SIG) on Applied Gaming with Manisha Mohan (Executive Vice President at Tata Interactive Systems) as the Chairperson. The group will also include members from companies like Robosoft, Indusgeeks, Skilldom and Madrat Games. "India has just begun taking gaming seriously as a career and as an avenue to larger growth...

Nasscom Tie-Up with Salezshark For Sales Operations

20Apr By AnkitaNo Comments

News

Nasscom Tie-Up with Salezshark For Sales Operations

SalezShark, a relationship cloud based startup in USA will handle customer relationship management of Nasscom. Salezshark has chosen over the likes of Microsoft and American cloud computing company Salesforce.com to handle sales operations of Nasscom. SalezShark will now manage the entire gamut of operations from marketing, events and publications to internal member and non-member data, functions for which Nasscom had been relying on multiple systems. "Requirement came from Nasscom's end to manage their huge data and help increase productivity within the organisation," said SalezShark founder Ajay Chauhan. "They will utilise SalezShark for our sales and marketing automation as well as introduce social selling in their sales culture," he said. SalezShark has implemented a marketing eng...

IT, Start-ups Get Less Attention in Budget 2016: Nasscom

1Mar By PriyankaNo Comments

News

IT, Start-ups Get Less Attention in Budget 2016: Nasscom

The union budget for 2016-17 was a mixed bag for the Indian IT industry and start-ups, which witnessed very few proposals with caveats, the industry’s apex body Nasscom said. “The budget is a mixed for the technology and services sector, as clarification and simplification boost business and more technology adoption in governance is a step in right direction,” Nasscom said in a statement. “In the backdrop of global economic volatility, there are unmet expectations on policy announcements that enable ease of doing business for our sector. The budget partially covers our wish list on policy bottlenecks, including ease of business, nurturing start-ups, products and e-commerce sector,” Nasscom chairman B.V.R. Mohan Reddy said. On Finance Minister Arun Jaitley’s stress on leveraging techn...

For Indian Local Food Discovery, Try Talking Street a Nasscom Integrated Startup

7Nov By AnkitaNo Comments

Story

For Indian Local Food Discovery, Try Talking Street a Nasscom Integrated Startup

Ever wondered where to go for the best Chowpatty-like Pav Bhaji in a particular city, or where to find Delhi-style chaat when you are craving for it, or wanted to eat at an authentic local joint when traveling? The idea behind Talking Street is to help people discover popular, local food and distinct local joints when in any city in India, including street food, hole-in-the-wall eateries, unique cafes etc., which aren’t traditionally a part of popular restaurant & dining discovery platforms. Talking Street is, thus, a local food discovery platform. While existing players in the food discovery domain help people find restaurants based on cuisine, dishes & location (filtered by reviews, ratings), Talking Street helps people discover food which is difficult to locate on these p...