Page 15 - It Sector

Staffing, IT software industries show highest demand for freshers in India

The demand for interns is the highest in the IT industry which accounts for 35 per cent of all openings: foundit data

Indian IT firms to see revenue decelerate by 5%: S&P Global Ratings

S&P Global Ratings rates the three top IT services players: Infosys, HCLTech, and Wipro

Rectified PLI scheme attractive for global IT hardware makers: Experts

Union Cabinet last week approved the modified PLI Scheme for IT Hardware with more than doubling budgetary outlay to Rs 17,000 cr compared to the previous provision of Rs 7,325 cr

As employment picks up in India, IT sector lags in competition: Report

According to the report, the momentum in IT services has slowed down as against the banking and healthcare sectors. A 27 per cent decline in hiring activity was reported in the IT sector

Nearly 6% of contract workers lost jobs in March qtr in Indian IT sector

The $194-billion sector whose software services helped businesses adopt pandemic-era practices of online shopping and remote working is facing a slowdown this year as employees return to offices

Wipro enters into a five-year business partnership with ServiceNow

The agreement expands on the two companies' existing partnership and is expected to help accelerate Wipro's goal of building a $1 billion business with ServiceNow by the end of 2026

New PLI scheme to attract global cos to India from China: Ashwini Vaishnaw

In a Q&A, the minister of communications says the new scheme for IT hardware also invites Chinese players to set up shop under the scheme if they adhere to its norms

IT sector slowdown results in 30% decline in hiring of freshers: Report

The study revealed that several factors contributed to the slowdown in hiring, which includes increased focus on upskilling and reskilling of existing employees, rather than hiring new ones

IT firms give staffing companies a miss, fill vacancies internally

Companies were doling out up to 100 per cent hikes to hire top IT talent only a year ago, the situation has completely changed today

IT employees union NITES urges Nasscom to act against job frauds

NITES in a letter to NASSCOM sai the increasing number of frauds and scams are targeting thousands of fresher's and experienced employees in the IT sector

Overall job demand in IT sector falls 5% yearly in April, says report

White-collar job demand in April declined by 5 per cent compared to the same month last year with 2,715 job postings following a correction in hiring in the IT sector, a report said on Monday. Overall job postings on Naukri.com platform stood at 2,863 during April 2022, according to the Naukri JobSpeak Index. Active hiring in non-tech sectors such as real estate and BFSI (banking, financial services and insurance) mitigated the dip in IT sector hiring, the report added. The Naukri JobSpeak is a monthly index representing the state of the Indian job market and hiring activity based on new job listings and job-related searches by recruiters on the resume database on Naukri.com. It further revealed that the real estate sector spearheaded non-technology industries, witnessing a 21 per cent upswing in recruitment compared to the same month of the previous year. This growth predominantly resulted from an increase in new launches of residential and commercial properties across metropolit

Commerce department likely to tweak some SEZ rules in DESH Bill

Move will allow use of unutilised spaces in IT/ITeS for non-SEZ purposes

Indian firms' to slow down IT spending due to cost, global factors: Study

Inflation and currency devaluations make technology investments costlier, it says

Losing favour: IT sector weighting in Nifty50 at 5-year low of 12.2%

Gives up most of the gains in market cap in post-pandemic period

Cyber security, accidents among top threats for industry: Ficci report

A seminar on 'New Age Risks' was organised by Ficci to discuss and debate the trend of traditional risk parameters and emerging risks that may impact the industry

These are the non-IT sectors most eager to hire tech talent in India

As non-tech industries adopt more technology, their intent to hire tech talent has increased. Here are the details

Disappointing numbers

IT sector has hit a rough patch

Infosys Q4 results: Net profit rises 7.8% to Rs 6,128 cr; revenue up 16%

The company recommended a final dividend of Rs 17.50 per equity share for the financial year ended March 31, 2023

TCS Q4 Results: Net profit up 14.8% at Rs 11,436 cr; dividend Rs 24 a share

The net profit for Q4FY23 has increased by 14.8 per cent on a year-on-year (YoY) basis from Rs 9,959 crore in Q4FY22

Foreign portfolio investors pull out Rs 11k cr from energy, finance, IT

Turn their attention to capital goods, construction, FMCG, consumer durables in March