Top 20 IT Companies in India

As per NASSCOM, Below are the list of Top 20 IT Players in IT services for the year 2011-2012

S.No Company Name 1 Tata Consultancy Services Ltd 2 Infosys Ltd 3 Wipro Ltd 4 HCL Technologies Ltd 5 Mahindra IT & Business Services 6 MphasiS Ltd 7 iGate 8 Larsen & Toubro Infotech Ltd 9 Syntel Ltd 10 CSC, India 11 Polaris Software Lab Ltd 12 MindTree Ltd 13 Zensar Technologies Ltd 14 Infotech Enterprises Ltd 15 Hexaware Technologies Ltd 16 KPIT Cummins Infosystems Ltd 17 Honeywell Technology Solutions Lab Pvt Ltd 18 NIIT Technologies Ltd 19 3i Infotech Ltd 20 Infinite Computer Solutions (India) Ltd

List of Top 20 IT Players in IT services for the year 2012-2013

S.No Company Name

1 Tata Consultancy Services Ltd

2   Infosys Ltd

3 Wipro Ltd

4 HCL Technologies Ltd

5 Tech Mahindra Ltd

6 iGate

7 Mphasis Ltd

8 L&T Infotech Ltd

9 Syntel Ltd

10 CSC, India

11 Genpact India Pvt Ltd

12 MindTree Ltd

13 Robert BOSCH Engineering and Business Solutions Ltd

14 KPIT Technologies Ltd

15 Polaris Financial Technology Ltd

16 Hexaware Technologies Ltd

17 Infotech Enterprise Ltd

18 NIIT Technologies Ltd

19 Zensar Technologies Ltd

20 CGI Information Systems & Management Consultants Pvt Ltd

*Source:- http://www.nasscom.in/industry-ranking

Fiscal Cliff bill explained | Impact on India | Outsourcing - IT recession 2013 | Warning on Investor

US President Barack Obama signed into law a bill on the so-called fiscal cliff - number of tax increases and spending cuts to reduce its debt load. America’s debt load - which currently stands at $16.4 trillion and counting.

Low-income households are most affected by expiring expansions of the child tax credit and earned income tax credit. Middle-income households are affected most by the payroll tax and income tax. Households at the top income level are most affected by the income tax and the tax increases on unearned income such as capital gains.

Due to Fiscal cliff, major US companies could miss estimates for fourth-quarter earnings led some corporate clients to tighten their Spends which in turn reduce outsourcing. It Could affect IT Companies in India like CTS,TCS,Wipro,HCL,Mahindra Satyam,Infosys where its ¾ th of its revenue is from US.

Experts around the world warned that this fiscal cliff would bring weak US economy in to recession.

Barack Obama cuts only $15 billion in spending while increasing tax revenues by $620 billion—a 41:1 ratio of tax increases to spending cuts.

The bill that would back the United States away from its fiscal cliff awaited President Obama's signature.