Page 2 - Hiring

NSE appoints Srinivas Injeti as its chairperson after year-long vacancy

The move is seen as a step forward in the exchange's long-pending plan to go public

Corporate India's hiring outlook slows as workforce flexibility gains focus

Corporate India's hiring plans for the October-December quarter of this year slowed marginally with employers balancing permanent, temporary, and consultant talent to stay agile in a dynamic environment, a survey said on Tuesday. According to the latest ManpowerGroup Employment Outlook Survey, the India Net Employment Outlook (NEO) stood at 40 per cent, indicating that hiring expectations have weakened by 7 per cent since the previous quarter, but increased by 18 per cent when compared to the same time last year. The NEO is calculated by subtracting the percentage of employers who anticipate reductions in staffing levels from those who plan to hire. The results of the survey were based on responses from 3,149 employers across India during July 2025. Notwithstanding the slight slowdown in hiring intentions, Indian employers continue to report the second-highest outlook globally, 17 points above the global average. Globally, India, with 40 per cent, reported the second-highest ...

Centricity WealthTech plans to double AUM to ₹20,000 crore by FY26

Wealth management company Centricity WealthTech plans to double its AUM to Rs 20,000 crore by March 2026 and has hired 30 senior private bankers to cater to the needs of High Networth Individuals (HNIs) and Ultra HNIs, to achieve the target. The asset under management (AUM) reached Rs 10,000 crore last month and the company is hoping to increase this to Rs 18,000-20,000 crore by the end of the current fiscal, Centricity WealthTech CEO Manu Awasthy told PTI. So, he said, effectively, the AUM should double in eight months and various initiatives would be taken to achieve this target. As part of the expansion strategy, the company has onboarded 30 senior private bankers to deepen presence across India's top 70 cities. This marks a significant step in Centricity WealthTech's vision to democratize accessibility of best-in-class financial advice beyond the traditional metros, backed by its proprietary technology and growing physical footprint, he said. The newly onboarded senior private

E-comm, tech start-ups lead fresher hiring with 88% intent in H2 2025

The shift is attributed to AI-led workforce restructuring, global trade uncertainties, and a strategic focus on retaining experienced talent in core industries

Essar names Amit Bajaj MD, global head of corporate affairs & public policy

Amit Bajaj rejoins Essar as global head of corporate affairs and public policy, bringing 25 years of experience to support stakeholder engagement and policy advocacy

Non-information technology sectors stole the show in July hiring trend

July was also when TCS shook the IT industry job market by announcing layoffs of over 12,000 employees, raising concerns that hiring in this sector could be under severe stress

New IRDAI chairman, private banks' retail loan growth, hiring at major commercial banks & more

The Centre has appointed Ajay Seth, recently retired finance secretary, as the new chairman of the Insurance Regulatory and Development Authority of India, 4 months after the position was left vacant.

Setu makes leadership appointments, hires executives from major fintechs

Setu strengthens its leadership team with experienced executives from Razorpay, PhonePe, and other fintech giants to drive growth

Top banks' fresh hiring slowed in FY25 amid moderation in business growth

Hiring by India's major commercial banks, including HDFC Bank, SBI, and Axis Bank, has declined significantly in FY25 due to slower growth, reduced branch expansion, and improved attrition rates

Govt banks step up efforts to bridge linguistic chasm with customers

State-owned banks are prioritizing local language skills in their hiring to improve customer service and reduce language barriers, with Bank of Baroda and SBI leading the way

Infosys accuses Cognizant of poaching key talent to sabotage Helix platform

Infosys has named two top Cognizant executives in a US court filing, alleging poaching of staff tied to its Helix platform and reigniting a long-running legal dispute over trade secrets

SBI hires 505 probationary officers to boost delivery across India

SBI recruits 505 probationary officers as part of its 18,000-person hiring drive to enhance process and delivery nationwide, with a focus on skill development and service

Recruiters shift hiring with focus on skill than degrees: LinkedIn

The LinkedIn survey noted that this shift of skills-first was being led by global capability centers (GCCs) (85 per cent) and IT firms (71 per cent)

SBI hires 13,455 junior associates to boost branch services across country

State Bank of India on Wednesday said it has hired 13,455 junior associates to enhance customer experience at bank's branches across the country. The recruitment aimed to fill vacancies across 35 states and Union Territories, making it one of the significant hiring efforts in the industry, SBI said in a statement. The selection process commenced with preliminary examinations held in February and March 2025 and the main examinations conducted in April 2025, it said. Following a rigorous and transparent evaluation, 13,455 candidates have been selected for appointment, it said. Speaking on the announcement, SBI Chairman C S Setty said the bank's total recruitment across categories is about 18,000 people, out of which around 13,500 will be clerical recruitment, 3,000 will be probationary officers and local-based officers. "As we onboard this new talent pool, we further aim to strengthen our human resource capabilities by implementing structured skill development programmes aligned wit

Shalarth 'scam': Over 500 teachers recruited fraudulently, says SIT

The special investigation team (SIT) probing the alleged 'Shalarth ID' scam in Maharashtra has found that more than 500 teachers were recruited without following laid down procedures, a senior official said on Sunday. Shalarth is a centralised portal of the Maharashtra government to manage payroll and service records of employees at government and government-aided schools, including teachers. Shalarth ID refers to the teacher identification number allotted to such staffers. "The SIT has found that of the 622 teachers appointed, only 75 had been hired following proper procedures. The remaining 547 were appointed using fake IDs after paying Rs 20-30 lakh each. This means the scam may be worth more than Rs 100 crore," the police official said. SIT in charge and assistant commissioner of police Sunita Meshram said the probe, apart from deputy directors in the education department, is now focusing on education officers and teachers. More arrests are likely in this case, Meshram added.

HR introspects cautiously as AI automates work of talent management

HR professionals will have fewer people to manage and that work too will involve automation. As a result, they will have to change their skillsets and job profiles

Geopolitical tensions to slow FY25 semiconductor design GCCs hiring: Report

India's semiconductor design Global Capability Centers (GCCs) witnessed a 15 per cent decline in job openings in 2024-25, mainly due to ongoing geopolitical uncertainties and global supply chain disruptions, according to a report. The report by talent solutions provider Careernet revealed open positions peaked in May 2024 with 3,760 jobs before gradually tapering off to 3,040 by January 2025 and closing the year at 3,181 in March 2025. This reflects a measured slowdown of nearly 15 per cent year-on-year decline in active roles across India's top 50 semiconductor design GCCs. Despite this moderation, the overall demand for niche skills in VLSI (Very Large Scale Integration), embedded systems, and RF/analogue design remained resilient, with mid-sized GCCs demonstrating greater hiring agility, it added. Semiconductor design is a niche area with inherently less headcount compared to other tech functions, so fluctuations in hiring sentiment - especially from two or three major industry

Telecom sector sees strong fresher hiring intent for 1st half of 2025: Rpt

The Indian telecom sector is seeing stable workforce demand, with 45 per cent of companies surveyed indicating fresher hiring intent for the first half of 2025, according to a latest report. The TeamLease EdTech Career Outlook Report (January-June 2025), which surveyed 649 companies across India, revealed that telecom remains a significant employment generator as the sector transitions to 5G networks, cloud-native architecture, and enhanced cyber resilience. The telecom roles are blending with IT and data functions, creating hybrid job profiles that didn't exist a few years ago, the report noted. While the sector witnessed a marginal decline from the 48 per cent freshers hiring intent reported in the previous half-year (July-December 2024), the momentum remains robust, driven by demand for specialised roles. "As the world marks World Telecom Day, the Indian telecom sector continues its stable trajectory in workforce demand, with 45 per cent freshers hiring intent projected for the

Fintech giant Paytm set to go slow on hiring replacements for exiting staff

Paytm's non-sales employee cost dropped 35.6 per cent in Q4FY25 as the company opted not to backfill roles, leaning on AI to enhance productivity and trim expenses

Indian employers willing to pay more to candidates with micro credentials

With fast changing roles and rising demands, Indian employers are looking at graduates to be job-ready from day one