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Nasscom, which recently launched its '10,000 start-ups' programme, announced inviting applications from innovative technology start-ups across the country.  The association has already received over 1,000 applications from budding start-ups since the launch of the programme and is expected to receive 5,000 applications in the next eight weeks.  Nasscom President Som Mittal told reporters that applicants should log on to start-up portal www.10000startups.com . Nasscom will shortlist 500 entrepreneurs who will be eligible for funding of Rs 25 lakh to Rs 2 crore through the leading angel investor networks of the country.  Selected start-ups will be offered three to four months of incubation along with co-working space at affordable cost.  Under the programme, for which Google, Microsoft and others have partnered with Nasscom, 10,000 technology start-ups will be funded in 10 years.  "We expect 15 of these start-ups will be billion dollar comp...

Nasscom veterans know it only too well that the IT industry lobby group has to re-fashion itself to suit a $100-billion industry, up from $10 million in 1988 when it was set up. That's one reason for Nasscom's recent move to have a panel headed by Infosys co-founder NR Narayana Murthy to make recommendations to "restructure" the organisation and stay relevant in a fast-evolving IT environment.  Murthy did make some suggestions, including Nasscom expanding its focus areas to more segments within the industry. One of his key suggestions was to add 3,000 new companies as its members over the next five years. And at least three members of Nasscom's governing body, the executive council (EC), whom ET Magazine spoke to, say that is easier said than done.  The concern Murthy seems to have had — a static membership base — stems from the realisation that over the past five years Nasscom's membership has remained stagnant at just under 1,200 ...

The days of building mammoth legacy systems are over. It is no more about deploying a lot of employees. There is a need to build domain capability and work on leading edge of technology For the year 2012, New Jersey-based technology outsourcing company Cognizant reported earnings that beat analysts’ expectations in an “uncertain” market. Over the last few years, the company has overtaken rivals Wipro and Infosys in quarterly revenue and is within striking distance of overtaking TCS. In a free-wheeling interview with The Hindu, R. Chandrasekaran, Group Chief Executive, Technology & Operations, Cognizant details the need to move on to newer pastures while shedding India’s image as a low-cost services provider. Excerpts: How should we read your latest quarterly results? You have lowered your revenue guidance to 17 per cent this year, from 20 per cent last year. I met some people from the manufacturing sector. They are saying that they are all bleeding. They are asking me:...