IT companies may shed 30,000-40,000 mid-level staff: Pai

Pai said about 80 pc of those who lose jobs would have employment opportunities in industries in general if they are specialists.

Reliance's foray into e-commerce will reduce digital colonisation: Mohandas Pai

Reliance seems to be creating next generation retail network which has the potential to radically change the dynamics of retail.

Indian companies focusing more on Japan and southeast Asia, massive expansion of captives and buy-backs by big companies.

Twitter space was extremely busy for a while, even if the exchanges were more of hate than humour.

All startups have bright future, Mr Pai said, adding that those who work well succeed.

US, which has taken a number of steps to tighten visa processes, accounts for over 60 per cent of India's IT export revenues.

Online market places like Flipkart and others need to do to address selling of fake products on their platforms.

Stagnant entry-level salary has led to bright minds not joining the IT industry.

Mohandas Pai said that although Trinamool is trying to change the image, there was a need to change perception of the investors.

Numbers suggest that with the US economy doing well, Indian IT firms can expect a better year in 2018.