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Campus Placement
IT company Infosys has initiated the formalities for onboarding engineering graduates from the 2022 batch, and many of them have been intimated about the joining dates and other terms of offer, sources said. While IT union Nascent Information Technology Employees Senate (NITES) claimed that the company has already issued letters to over 1,000 campus hires, there is no official statement from Infosys on the issue yet. An email sent to Infosys did not elicit a response. Sources said that Infosys has indeed reached out to campus hires from the 2022 batch and formalities are going on. The onboarding will start from September-end or October, the sources added. Infosys CEO Salil Parekh had recently assured that offers given to freshers will be honoured by the company and followed by joining, although there have been some changes in dates. In a recent interview, Parekh told PTI: "Every offer that we have given, that offer will be (for) someone who will join the company. We changed some d
State-owned NBCC on Tuesday said it has bagged a contract worth Rs 560 crore to construct a permanent campus of the National Institute of Technology, Sikkim. In a regulatory filing, NBCC informed that it has bagged a contract for the construction of the permanent campus of NIT Sikkim at Dung dung Khamdong, Gangtok, Sikkim. The size of the contract is Rs 560 crore. NBCC is mainly into project management consultancy (PMC) and real estate.
Mid-tier IT services company Persistent Systems aims to visit fewer campuses for hiring freshers, a senior official said on Monday. Over the next three years, the company is also targeting to expand its operating profit margin by about 3 percentage points above the levels of about 14.5-15 per cent it aims to exit FY23, its chief financial officer Sunil Sapre told PTI. Speaking two days after the Pune-based company announced its December quarter earnings, Sapre said it is already carrying candidates who have been trained for 18 months in some cases and are yet to be deployed on projects, which is making it circumspect about fresher hiring in the new year. "We will be there at campuses, but we will do it (hire) more judiciously," Sapre said. When asked if he meant that the company will visit fewer campuses when he says judiciously, Sapre replied in the affirmative. He said that for the company, which added about 500 people to take its overall strength to 23,336, all the hiring is do
Infosys, which hired over 50,000 freshers last year, is not going to campus for recruitment for the time being, Chief Financial Officer Nilanjan Roy said, adding that the IT major will honour offers that have been made. On the return-to-office approach, Infosys CEO Salil Parekh said the number of employees coming back to workspace is on the rise but asserted, in the same breath, that the company intends to maintain flexibility in its approach. Infosys' position on return to work is in variance to that of larger rival TCS, which has asked its 6.14 lakh-plus employees to work from offices, ending the practice of remote working that was necessitated by the pandemic. During the Q2 briefing, Infosys CFO Nilanjan Roy said the Bengaluru-headquartered company has a significant fresher bench and headroom for increasing utilisation, and hence it "is not going to campuses as yet". "Last year, we hired 50,000 freshers and hired ahead of demand...we still have a significant fresher bench... we