Page 6 - It Sector

IT's market grip loosens in Nifty 50, weight at 16-year low of 11.66%

Weak earnings, Trump policies weigh on IT stocks

Jobs in India's ITeS sector likely to grow by 20% in 2025: Report

India's ITeS (Information Technology and Enabled Services) sector is poised for significant expansion in 2025, with job opportunities projected to surge by 20 per cent, according to a report. The "Instahyre Tech Salary Index 2025" indicated shifting salary dynamics across different experience levels and domains. Instahyre, an AI-based hiring platform, drew insights from over 42,000 anonymised candidate profiles and more than 11,000 recruiter-candidate interactions. "Roles in AI, cybersecurity, and cloud computing are expected to witness a remarkable 75 per cent surge, driven by the rising adoption of emerging technologies. The gig economy and remote work models are also playing a crucial role in shaping the sector's growth, contributing to an estimated 10 per cent growth. However, as technology advances, nearly 40 per cent of the workforce will require upskilling to stay competitive in an evolving job market," it said. The report highlighted shifts in salaries across various ...

STPI-supported 134 startups raise Rs 286 crore fund from investors

State-run STPI-supported 134 startups have raised Rs 286 crore in funding from investors, a top official of the organisation said. While speaking at an event, Software Technology Parks of India (STPI) Director General Arvind Kumar said the organisation, formed under the Next Generation Incubation Scheme (NGIS) of the Ministry of Electronics and IT, has given early-stage seed capital of Rs 30.87 crore to 136 startups and financially incentivised 359 others through a stipend amount of Rs 3.57 crore. "Amongst these supported startups, 134 have also been able to raise external funding from an investor community comprising angels and venture capitalists of about Rs 286 crore, which is not only a validation of their business but also the testament of the progress made by these startups," Kumar said during the STPI Sangam event on Friday. "I am proud to share that 44 per cent of STPI's startup portfolio consists of women entrepreneurs, many of whom come from Tier-2 and Tier-3 cities. We ar

Tech sector funds: Stay invested if you have risk appetite, 7-year horizon

Many Indian information technology (IT) firms rely heavily on the United States (US) for revenue

Digital sovereignty: India's first indigenous browsers make an appearance

Three teams out of 58 entrants took top honours in the Indian Web Browser Development Challenge, with Ashwini Vaishnaw announcing the winners on Thursday

Next big mkt surprise likely to be upward: Investec India's Mukul Kochhar

Kochhar says the most reliable investment approach centres around selecting mispriced stocks and holding them for the long term

Two electronics clusters worth Rs 1,112 cr to be set up in TN: Vaishnaw

Union Minister for Electronics and Information Technology Ashwini Vaishnaw on Saturday said two electronics manufacturing clusters worth Rs 1,112 crore, will be set up in Tamil Nadu. Speaking at the inauguration of Zetwerk Electronics' seventh manufacturing facility in Sriperumbudur, about 55 kms from here, Vaishnaw highlighted that the electronics industry has become the country's second largest export sector, surpassing several traditional industries in the past decade. The new facility, part of a Rs 1,000 crore investment, will produce electronic components for various sectors, including consumer durables and IT hardware, and will serve both domestic and international markets in the future. After unveiling the plaque to mark the inauguration of the Zetwerk electronics plant, Vaishnaw emphasised how the electronics industry had rapidly grown, overtaking several long-standing export industries in the last 10 years. Zetwerk Electronics co-founder, Rahul Sharma noted that the new pl

GenAI boom drives demand for specialist engineers in India's IT sector

Cybersecurity, a sector with approximately 10K-15K job openings in India, is witnessing growing demand for roles such as network security engineers, penetration testers, cloud security specialists

Nifty IT at 9-month low; brokerages flag weak earnings outlook for sector

Among individual IT stocks, Infosys slipped over 5 per cent in intraday deals on Wednesday, after Morgan Stanley downgraded the stock to 'equal weight', and preferred TCS.

Indian IT leaders confident of cyber resilience despite failures: Study

Most IT leaders are confident about their cybersecurity resilience measures, even though a significant number of Indian organisations have experienced cybersecurity failures in the past 12 months, a study has found, showing a disconnect between perception and reality. According to a study by cloud security firm Zscaler, 67 per cent of Indian organisations experienced a cybersecurity failure in the past 12 months. However, a surprising 97 per cent of Indian IT leaders believe their current cyber resilience measures are effective. Further, the study revealed a critical gap: while confidence is high, actual preparedness for modern cyberattacks, especially those leveraging Artificial Intelligence (AI), is lagging. The report indicates that although 57 per cent of Indian IT leaders acknowledge cyber resilience as a top priority for their leadership, this recognition isn't translating into adequate funding or proactive strategies. This lack of tangible support is further compounded by th

K'taka IT union calls for mass gathering of employees to press for demands

The Karnataka State IT/ITeS Employees Union (KITU) has called for a mass gathering of IT sector employees on March 9 here demanding stricter enforcement of labor laws and a healthy work-life balance. With the protest, the union aims to address concerns over excessive working hours, lack of overtime compensation, and the expectation for employees to be available beyond official working hours. The gathering is being organised under the slogan "A Healthy Work-Life Balance is Every Employee's Right". In a statement, KITU stated on March 13, 2024, that a memorandum was submitted to the Labour Minister, alleging that IT/ITES companies are not compensating overtime wages and are extending work hours beyond statutory limits. The union urged the government to investigate actual working hours and overtime payments. "But even after one year of multiple meetings and protests, there has been no concrete effort from the Government to regulate the working hours by ensuring the strict ...

Hiring by GCCs likely to grow nearly 27% in FY26, to outpace IT again

Demand for domain experts, specialised skillsets the trigger

India to have its own GPUs in next 3-4 years, says Ashwini Vaishnaw

The India AI Mission was launched with an initial target of 10,000 GPUs. It was approved in March last year with an outlay of ₹10,738 crore

Defensive sector weightage in Nifty 50 declines to 15 year low

Underperforms in falling market for first time in over 20 years

Skilling and upskilling services gain traction among IT services firms

Infosys announced a deal with German tech giant Siemens AG to boost its digital learning initiatives with GenAI

Pressure on operating margins may have forced Cognizant to defer pay hikes

The move, for the second consecutive year, comes even as the company said last month that its outlook for the healthcare and financial services business had improved for this financial year

Maharashtra bets on AI with M-Hub, innovation centre in Navi Mumbai

Fadnavis, who first became chief minister in 2014 and is now in his second term after a break, said the state will launch a startup incubator called M-Hub

Hiring sentiment to rebound in H1 2025 after a lull, IT jobs in focus

However, talent retention remains a major concern, as 42 per cent of companies foresee the highest attrition rates within IT roles

Indian IT sector may see low single-digit growth in FY25: Nasscom

Revenue likely to cross $300 bn in FY26, says Nasscom; 126,000 jobs added in FY25

IT sector may see cautious salary hikes amid economic headwinds: Experts

Salary increments in India's USD 250 billion IT services sector are projected to be moderate in fiscal year 2025, as companies navigate a complex landscape of global economic uncertainties, evolving skill demands, and the increasing adoption of artificial intelligence (AI), according to experts. Industry experts predict an average wage increase of 4-8.5 per cent, a notable step down from previous years, signalling a shift towards more pragmatic compensation strategies. "The outlook for salary hikes this year is quite cautious," noted Krishna Vij, VP, TeamLease Digital. "Industry players are looking at increments in the 4 per cent to 8.5 per cent range, which is lower than what we've seen in previous years. This slowdown is largely due to global economic challenges, reduced discretionary spending, and shifting business priorities." Companies are being more conservative with their salary budgets, and many have even pushed their appraisal cycles beyond the usual April-June period, she