Page 3 - Indian It Sector

IT major Wipro plans to onboard 10,000-12,000 campus hires in FY26

TCS and Infosys have also announced plans to hire more freshers in the next financial year

HCLTech Q3 Preview: Revenue may jump up to Rs 30,200 cr; PAT to rise 5-10%

HCLTech's Q3FY25 performance is expected to reflect steady growth despite industry challenges such as furloughs and cross-currency headwinds

Most brokerages bullish on TCS post Q3; CLSA upgrades to 'Outperform'

Analysts have mixed views on TCS following its Q3FY25 performance, with several brokerages highlighting the company's growth potential despite near-term challenges

Indian-origin tech companies corner 1/5th of H1B visas issued by US

Indian-origin tech companies cornered a fifth of all H1B visas issued by the US with Infosys and Tata Consultancy Services leading the pack, an analysis of data from the US immigration department showed. According to data from the US Citizenship and Immigration Services, in April-September 2024 period, out of the total 1.3 lakh H1B visas issued to different employers, about 24,766 visas were issued to Indian-origin companies. Out of these, Infosys took the lead with 8,140 beneficiaries, followed by TCS (5,274), and HCL America (2,953). Infosys came second to only Amazon Com Services LLC, which topped with 9,265 visas. Cognizant, which was founded in Chennai but now has headquarters in New Jersey, ranked third in the list with 6,321 visas. The H1B visa programme allows US companies to temporarily employ foreign workers in specialty occupations. Indian companies have been significant beneficiaries of this programme, particularly in the technology sector. Major Indian IT services fi

Indian IT hiring set to rebound by 2025, AI and data science to dominate

Indian IT hiring landscape is at a pivotal juncture as it transitions from a year of decline towards a more hopeful future. The focus on specialised skills, particularly in AI and data science, combined with geographical shifts towards Tier 2 cities, indicates a transformation within the sector. While the IT hiring landscape in India in 2024 was marked by delayed onboarding and a decline in overall hiring activity, the outlook for 2025 appears promising with expectations of recovery and growth fuelled by improvements in economic conditions and technological advancements. In 2024, the Indian IT sector experienced approximately a 7 per cent decline in hiring compared to the previous year, largely due to broader macroeconomic challenges and global uncertainties. Sunil Chemmankotil, Country Manager of Adecco India, noted that while Global Capability Centres (GCCs) played a crucial role in boosting hiring -- accounting for 52.6 per cent of job openings for tech professionals -- they coul

Indian IT sector to grow in mid single digit for FY25: ICRA Report

The hiring target of the industry is also expected to be in the low range

IT sector to witness 15-20% growth in job opportunities in 2025: Report

The IT sector, which is on the path of recovery, is expected to witness 15-20 per cent growth in job opportunities across various industries in 2025, talent solutions company NLB Services said on Monday. The IT industry has gained back momentum in H2 2024 and is gearing up for a promising 2025 on multiple fronts, said NLB Services. In the coming year, fresher hiring in the Indian IT sector is poised for significant growth, with an anticipated increase of 15-20 per cent in job opportunities across various industries, it added. At the same time, the demand for highly specialised tech roles, including artificial intelligence, machine learning (ML), data analytics, and cloud technologies, is expected to surge by 30-35 per cent, driven by the increasing reliance on emerging technologies, it said. This surge in demand is not limited to hiring but extends to a strategic focus on tech upskilling, with companies investing heavily in training initiatives to equip their workforce with the ...

Infosys raises FY25 revenue forecast on BFSI boost; Q2 net profit up 4.7%

Ups growth projection to 3.75-4.5%

CM Majhi inaugurates operation centres of four IT companies in Bhubaneswar

Chief Minister Mohan Charan Majhi on Friday inaugurated operation centres of four new IT companies here which is expected to strengthen Odisha's position as a key destination for IT, professional services, and Innovation. Majhi inaugurated the operation centres of Chubb Business Services, Integreon Managed Solutions, Bourntec Solutions, and Secuodsoft Technologies virtually. The presence of these companies in Odisha is a testament to our state's commitment to fostering a business-friendly environment. From IT to Manufacturing, from Research and Development to Professional Services, Odisha's diverse industrial landscape is expanding rapidly, Majhi said. Stating that Odisha has set a target to make Odisha a USD 500 Billion economy by 2036 and a USD 1.5 trillion economy by 2047, the chief minister said the IT/ITeS and the larger services sector will play a critical role in helping us achieve these goals. "Our focus is and will remain on creating an environment that nurtures businesses

BS@50: From limited broadband to booming digital landscape in 5 decades

For India, leading the charge in technology adoption remains paramount. Our meticulously crafted blueprint ensures agility, allowing us to weather the storm and flourish

EPFO will migrate to new IT platform in 3 months: Labour minister

Over the next few months, the implementation of the EPFO 2.01 Project will ease the processes and turnaround time for various member and employer transactions

IT sector hiring to see growth of 8.5% next year, says Indeed report

Companies are actively hiring for roles such as application developer, software engineer, full-stack developer, and senior software engineer, said the report

FPI buying in Indian IT rises to highest since 2022 in July, shows data

Prior to this, the IT sector was divided into software, services and hardware technology

Infosys shares fall in trade on Friday amid GST notice row; check details

On the bourses, Infosys's stock witnessed a decline, falling 1.32% to an intraday low of Rs 1,828.10 per share on the NSE. In comparison, the Nifty IT index dropped 1.64% to a low of 40,038.25 levels.

GPAI members reaffirm commitment to human-centric, reliable AI to all

The mid-year summit of the GPAI members welcomed Serbia as incoming chair of grouping

Nomura has high hopes from Infosys, Coforge ahead of Q1FY25 results

Given the bottoming out of revenue growth rate, analysts expect the earnings per share (EPS) downgrade cycle to come to an end for the sector

Accenture Q3 results: Demand slowdown in Indian IT bottoming, say analysts

What Accenture results mean for Indian IT: Analysts believe FY25 Street estimates for Indian IT companies have been adequately rationalised, implying little downgrade risk from current levels

Persistent Systems shares jump 5% on Rs 10 dividend announcement

The surge in share price came on the back of a divided announcement, coupled with Accenture's Q3 performance, which met street expectations

Bank of Baroda, Yes Bank, GE Power among top stocks to track on June 21

As of 6:39 AM, GIFT Nifty futures showed a slight increase, trading 7 points higher at 23,589.5 from their previous close

MeitY to bring Digital by Design platform for DPDP implementation: Vaishnaw

The platform to be implemented jointly by Digital India Corporation and National Informatics Centre