@budget 2009
FBT Removal, MAT Hike will Have No Impact
by UTVi Desk    Jul 08, 2009
Category : News & Analysis
Technology : Infrastructure
Sudhakar Ram, MD of Mastek, and Carl Saldhana, CFO of First Source Solutions, believe that the budget has been fairly favorable for the IT sector. They say the FBT removal and MAT hike will not have much of an impact on the IT...
Budget Puts 3G Auction Revenue at $7.2 Billion
by CXOtoday Staff    Jul 07, 2009
Category : News & Analysis
Technology : Infrastructure
India expects to garner 350 billion rupees (7.2 billion)!-- /* Style Definitions */ p.MsoNormal, li.MsoNormal,...
Budget 2009 Reactions - Part II
by CXOtoday Staff    Jul 07, 2009
Category : News & Analysis
Technology : Infrastructure
Rajeev Gupta, president of Fujitsu Consulting India Limited (FCIL):"Keeping in view the downturn in the economy, the finance minister's proposal to extend the tax holiday by another year has brought in a big relief to the IT and the...
"Increase of MAT could have been Avoided"
by CXOtoday Staff    Jul 07, 2009
Category : News & Analysis
Technology : Infrastructure
M. Narsimha Rao, president of HYSEA (Hyderabad Software Exporters Association) feels the increase in MAT from 10 to 15% could have been avoided and will only have an adverse impact on the IT industry.HYSEA is a registered apex body with more...
Budget 2009: Positives - and Misses
by CXOtoday Staff    Jul 07, 2009
Category : News & Analysis
Technology : Infrastructure
Though the IT industry perceives Pranab Mukherjee's budget proposals as an overall balanced one, there are a few disappointments such as lack of incentives for SMEs, free movement of business between STPI units and SEZs, among others....
Software to be Slightly Cheaper: Zinnov
by Manu Sharma    Jul 07, 2009
Category : News & Analysis
Technology : Hardware & Software
Software piracy will reduce in domestic software market and therefore sales would go up, said Praveen Bhadada, engagement manager, Zinnov Management Consulting Pvt. Ltd giving his Impact of today s budget on Indian IT industry. He...
Budget'09 Gets Infy Thumbs Up
by CXOtoday Staff    Jul 06, 2009
Category : News & Analysis
Technology : Infrastructure
Infosys head honchos - Kris Gopalkrishnan and Narayan Murthy, said the government's focus on education and projects like the UID were to be commended, though they would have liked to see a mention on PSU divestment.Kris Gopalkrishnan, CEO of...
India Inc. Reacts to Budget 2009
by CXOtoday Staff    Jul 06, 2009
Category : News & Analysis
Technology : Infrastructure
Even as the stock market fell sharply following the announcement of Budget 2009, India Inc. is focusing on the positivesPranav Ansal, VC & MD of Ansal API With regard to industry, we welcome the move on exemption of goods made at...
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MAIT Welcomes Focus on Inclusive Growth
by CXOtoday Staff    Jul 06, 2009
Category : News & Analysis
Technology : Infrastructure
MAIT, the apex body representing India's IT hardware, training and R&D services sectors, has welcomed the thrust given in the Union Budget toward sustaining the national economic growth and making it inclusive. Further, it expressed...
Budget to Help IT on Export, HR Fronts: Intelenet
by CXOtoday Staff    Jul 06, 2009
Category : News & Analysis
Technology : Infrastructure
Susir Kumar, MD & CEO has welcomed the extension of the tax holiday for IT industry upto 2010-11. The tax holiday under Sec 10A and 10B was set to expire this year but has been extended by the government till 2010-11."This will...
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