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New Delhi, Mar 12 () In a precautionary move to check spread of deadly coronavirus, state-owned Software Technology Parks of India on Thursday issued advisory that enables around 18-20 lakh employees of IT units registered with it to <keyword id="123591" type="PERSON" weightage="20" keywordseo="Work-from-home">work from home</keyword>. IT industry body NASSCOM had urged the government to relax restrictions regarding allowing employees to work from home, amid the coronavirus outbreak. Currently, there are restrictions on WFH (work from home) under the OSP (other service providers) regime. "There are rules that allow employees to work from home in certain situation. We have issued those enabling clauses and will motivate all units registered with us to implement it. There are around 3,000 exporters registered with us and around 18-20 lakh employees work with them," STPI Director General Omkar Rai told . The urgent advisory issued by STPI, which overseas facilities and rules for software exporters, said in the wake of the coronavirus outbreak, units may require employees to work from home using the laptop or desktop provided by the unit to them. "In this connection, para-6.07 of HBOP (handbook of procedures) of FTP, inter-alia, permits employees of STP/EHTP units to take duty fee laptops/computers, etc, out of premises of unit for working upon by authorised employees," the advisory said. STPI mentioned another rule which permits authorised employees of STP (Software Technology Parks)-ETHP units to work from a place outside the unit. "Keeping in view of the outbreak of coronavirus, it is advised to make the industry/industry associations aware of this rule position enabling to make aforesaid precautionary measures in this regard for continuity of business operations in a seamless manner," the advisory said. The coronavirus outbreak, declared a pandemic by the World Health Organization (WHO) on Wednesday, has led to more than 4,000 deaths so far globally. The government on Wednesday suspended all visas, barring a few categories like diplomatic and employment, in an attempt to prevent the spread of coronavirus as cases across India rose to more than 70. Companies across sectors are asking their staff to work from home and adopting technologies like telepresence and video-conferencing to ensure business continuity. However, companies continue to struggle in operationalising WFH for their employees, owing to the onerous compliance and technical requirements under the prevailing OSP regime. These requirements include establishing PPVPN connectivity, sharing pre-defined locations of extended agents (employees), and providing high monetary security deposits, among others. PPVPN (Provider Provisioned Virtual Private Network) is generally used by companies to ensure secure communications for employees working from remote locations. Nasscom, which represents IT and BPO companies as well as start-ups, has written to Communications and IT Minister Ravi Shankar Prasad on the issue. In its letter, Nasscom urged that requirements pertaining to WFH under the OSP regime be relaxed for a period of one month as an interim emergency measure. PRS HRS

18-20 lakh employees of IT companies to work from home in India

<ul><li>The US markets have fallen three times more than Indian markets, indicating a good entry point for investors to diversify funds globally.</li><li>Markets look attractive to invest in mature tech companies like Microsoft, Google and so on, say analysts.</li><li>However, they suggest staying away from new age tech companies and focus on only developed and profitable companies.</li></ul>The technology heavy index Nasdaq composite reported one of the biggest fall of 26% in 2022 so far across equity markets. While technology companies delivered record returns since the pandemic broke out, 2022 has been a year of massive reality check so far. Two years later, nothing has changed except a disastrous war between Russia and Ukraine that has disrupted the entire supply chain of the world and spiked global inflation. While the war has resulted in a huge increase in the cost of living, analysts say the fundamentals of these technology behemoths like Google, Microsoft, Apple have not changed. Are <keyword id="3372153" type="General" weightage="20" keywordseo="us-tech-stocks" source="Orion">US tech stocks</keyword> worth investing in at the moment? The answer to the question is yes and no depending on your risk profile. For people investing on their own directly in stocks, the risks can be on the higher side. However, for people investing through mutual funds, who handle retail investors' funds and invest after thorough research, the risk level is notably lower. Experts suggest staying away from new age tech companies that are yet to make their mark on the street, and focus on only developed and profitable companies. “Overall the tech sector has fallen quite aggressively in the US. There are two kinds of technology companies listed in the US – one is new age tech like Zoom, which have gone up only during the pandemic, and mature tech firms,” Neil Parikh, chairman and CEO of Parag Parikh Mutual Fund (PPFAS MF), told Business Insider. “If you see in some of the new age companies there is no revenue or profitability but they are only funded by private equity and all. So with the rising interest rate that era is coming to an end. So these are some spaces to stay away from,” added Parikh. Overall, the market looks attractive for mature technology companies. “Mature tech is where companies like Google, Microsoft and Amazon, who have also fallen quite a bit not more than new age tech. They have a good revenue model and are more profitable and now at an attractive valuation,” added Parikh. Price correction not the only criteria to invest in stocks However, the steep fall in stocks from their peak should not be the only criteria to invest in a stock. “Drawdown from peak should not be the only criteria. US markets rallied a lot more as well. In local constant currency terms, S&amp;P 500 and Nifty 50 are at similar returns in the past 5 years while Nasdaq is still significantly better,” Gaurav Rastogi, founder &amp; CEO of Kuvera, an online wealth management platform, told Business Insider “If you account for INR depreciation, then both S&amp;P 500 and Nasdaq have performed even better in the last 5 years. So just looking at the recent drawdown is not enough. From a valuation perspective also there is no clear signal that US indices are cheaper than India,” he added. Meanwhile some analysts expect additional fall in the global equity market, which would then emerge as a good opportunity for investment. “As we believe that 5% more correction will occur then there is a good chance of accumulating at that time, we still have some pain left from our side,” said Ravi Singhal, vice chairman at GCL Securities. <div type="javascript" title="Custom" contenttype="Image"><cdata><![CDATA[]]></cdata></div> SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/corporates/news/ambani-disney-hotstar-and-sony-in-race-of-ipl-broadcast-rights-auction-after-amazon-plans-to-back-out/articleshow/92128316.cms">It’s Ambani vs Disney vs Sony as Amazon plans to back out on the eve of IPL broadcast rights auction</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="http://www.businessinsider.in/business/corporates/news/oil-india-doubled-investor-money-in-a-year-while-its-big-sister-ongcs-wells-indicate-a-dry-future/articleshow/92126120.cms">Oil India doubled investor money in a year while its big sister ONGC’s wells indicate a dry future</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="http://www.businessinsider.in/india/news/they-stare-laugh-and-verbally-abuse-92-of-lgbtq-travellers-face-discrimination/articleshow/92126209.cms">They stare, laugh and verbally abuse — 92% of LGBTQ+ travellers face discrimination</a>

US tech stocks have crashed 26% this year, should you consider investing in them?

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18-20 lakh employees of IT companies to work from home in India

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US tech stocks have crashed 26% this year, should you consider investing in them?

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