Som Mittal

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  India Announces First Formal Meeting With Taliban

  India's envoy to Qatar to met the Taliban's representative in Doha, marking the first formal diplomatic contact between the two sides. Ambassador Deepak Mittal raised the matter terrorism emanating from Afghanistan.

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  NASSCOM chief says US immigration bill is giving him 'sleepless nights'

  According to Som Mittal, the bill has 'some very good provisions like increasing visas,' but still needs to be watched over.

• I would still lose sleep on US Immigration Bill: Nasscom chief

  The Bill -- Border Security Economic Opportunity and Immigration Modernisation Act 2013 -- was passed by the Senate and is yet to be passed by the US House of Representatives.

• Europe to drive growth for Indian IT firms in 2014: Nasscom

  North America may account for the lion's share of India's IT exports but growing demand for outsourcing services from Europe is expected to drive the $108-billion IT sector in 2014, according to industry body Nasscom.

• Indian software product sales double to $2.2 billion in 2013: Nasscom

  As the Indian IT-ITeS industry is evolving from services to products and end-to-end solutions, the revenues from software have doubled to $2.2 billion so far this year from $1.2 billion in 2008, according to industry body Nasscom.

• Rupee instability hampering signing of new contracts: Nasscom

  The continuing instability in the rupee, which hit a historic low of 68 against the US dollar on Wednesday, is affecting IT firms in signing new contracts with foreign clients, IT-ITeS industry body Nasscom said.

• IT industry raises service tax, TDS issues with Shome panel

  Amidst its tax woes, the IT industry raised issue of service tax refunds and interpretation on tax deducted at source (TDS) on software with Finance Ministry's high-level committee.

• Hiring to witness slight difference from this year: Nasscom

  Hiring for IT graduates in the country would witness a slight difference from this year, as hiring patterns have changed and priorities placed on soft skills and domain-based specialisation, a top Nasscom official has said.

• Weak rupee not good for Indian economy, says Nasscom

  As rupee today breached the 60-mark against the dollar, the apex body of IT and software services industry, Nasscom, said it would like the Indian unit to be more stable as it is in the interest of overall economy.

• Budget 2013: Reasonable and responsible, says IT industry

  Terming the 2013-14 Budget as 'responsible and reasonable', IT industry body Nasscom today said the thrust by government on clarifying taxation rules, balanced growth and technology adoption are encouraging steps.

• Nasscom seeks tax rationalisation in Budget

  Software and allied services' industry body Nasscom today said Finance Minister P Chidambaram should rationalise taxes in Budget.

• India Inc optimistic after Obama win, but outsourcing concerns weigh

  India Inc. has expressed happiness over the re-election of President Barack Obama despite his hard line stand against outsourcing. India's $100 billion IT services sector is dependent on the U.S. and Europe for over 80 per cent of revenues.

• Nasscom extends President Som Mittal's term till early 2014

  Nasscom has extended the term of its President Som Mittal by one-and-a-half years till early 2014.

• Nasscom pegs 11-14% growth in infotech, ITeS exports in FY13

  Export revenues from the infotech and IT-enabled services sector are expected to grow between 11 and 14 per cent in US dollar terms, Nasscom said.

• Expect 8-10% wage hike in IT sector: Som Mittal

  Commenting on the attrition levels in the industry, he said that attrition levels are likely to settle at around 14-15 per cent next year. “Wage hikes are likely to be around 8-10 per cent this year,” he assured.