Nasscom
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Coronavirus Outbreak: Hope govt will announce stimulus packages to rebuild economy after lockdown extension, says Nasscom
•Nasscom said it is imperative that people to adapt to this "new normal" and build in practices like social distancing in everyday lives over the next many months.
Prolonged lockdown may result in IT industry job cuts; pose huge challenge for startups, says ex-NASSCOM chief R Chandrashekhar
•The former bureaucrat also said startups which are surviving on funds infused by venture capitalists may face tougher situations if the present scenario deteriorates
Coronavirus Outbreak: Nasscom urges Centre to reimburse 'paid leave' given to staff during lockdown
•IT and ITeS industry body Nasscom has urged the Centre to reimburse the payroll cost of employees who were on "paid leave" on account of any COVID-19 related lockdown measures till 31 March, 2021, among other concessions and facilities
Coronavirus Outbreak: Piyush Goyal hears out industry reps, says FinMin will take 'balanced, nuanced approach' to issues
•Union Minister Piyush Goyal on Thursday told trade and industry representatives that all their issues and feedback are being forwarded to the finance ministry, which he says will take a "balanced and nuanced approach" to their problems in view of coronavirus situation
Pepper raises Rs 2 cr from Snapdeal Founders’ Titan Capital, other investors; startup plans to expand team in Mumbai
Fp Staff •Pepper is looking to expand its team in Mumbai and focus on product and its technology platform that will enable content creation ‘on-demand’.
India's outsourcing companies struggle with work from home scenario as PM announces 21-day lockdown
•Many of the companies that provide business services like call centers, IT services were not prepared for work-for-home arrangements.
Prepare for complete lockdown, ensure only mission critical staff comes to work: Nasscom to IT cos
•Nasscom said it had been working with members across different states for necessary notifications that would help classify IT, ITeS, e-commerce be included in essential services,
Coronavirus outbreak cripples all major sectors in country; sharp fall in revenues, unemployment to rise in coming days
Fp Staff •The coronavirus outbreak happened to be a major setback for hopes of a revival in beleaguered auto sector of the country, which had grappled in the red zone due to sharp fall in demand for over two quarters.
Indian IT industry now a change originator, not in catch-up mode, say tech honchos; domestic firms getting into product spaces
•In an economy that will touch the $5 trillion mark, IT will be a $1.5 trillion industry in itself, said Rajesh Gopinathan, CEO and MD, TCS.
NASSCOM pegs FY20 revenue growth at 7.7% at $191 bn for IT industry in current fiscal; sector adds 2 lakh jobs
•The IT industry body had last fiscal discontinued an over two-decade-old practice of forecasting revenue growth, citing the fast-changing dynamics of the industry.