Page 7 - It Sector

AI-ML hiring grows 25% in May, IT sector records 5% decline: Report

While hiring in the Artificial Intelligence and Machine Learning (AI/ML) sector posted 25 per cent year-on-year growth in May 2025, the broader Information Technology sector saw a decline in job opportunities. According to the Naukri JobSpeak May 2025 report, overall hiring in the IT sector fell by 5 per cent compared to the corresponding period in the previous year. "In an otherwise stable job market, what stood out in May was the continued momentum in AI/ML hiring across metros alongside steady demand for senior professionals, a trend that's held firm over the past year," Naukri Chief Business Officer Pawan Goyal said. In May 2025, while overall hiring remained stable, industries like real estate (5 per cent growth) and insurance (6 per cent growth) emerged as relatively bright spots, according to the report. Hiring in Retails, Telecom/ISP, and Banking, Finance & Broking declined 8-9 per cent. However, unicorns in Banking and Financial Services ramped up hiring by 29 per ...

Bengaluru tech workforce crosses 1 mn, ranks among top 12 global hubs: CBRE

Bengaluru is among the top 12 global technology hubs with a tech workforce in the IT city crossing the 1 million mark, according to CBRE. Real estate consultant CBRE has released a report, 'Global Tech Talent Guidebook 2025', which highlights global tech talent dynamics across 115 markets. The report evaluates these markets based on the availability, quality, and cost of tech talent and classifies them into three categories: Powerhouse (12 markets with large, deep, and highly competitive talent pools), Established (63 mature markets with consistent talent pipelines), and Emerging (40 growth-focused markets with improving capabilities). CBRE noted that the report identifies "Bengaluru as among the top 12 global tech powerhouses." Beijing, Boston, London, New York Metro, Paris, San Francisco Bay Area, Seattle, Shanghai, Singapore, Tokyo and Toronto are the other tech powerhouses. "Bengaluru is the largest tech talent market in the Asia-Pacific region, along with Beijing and Shanghai

Wipro warns tariff hikes, immigration curbs, trade war may hit growth

Wipro said it derives over 62 per cent of its revenue from US clients and around 27 per cent from Europe

Evolve or perish: Agentic AI set to disrupt software testing roles

The Indian IT sector currently has over 375,000 active professionals in testing and QA/QC functions across experience levels, according to data sourced from specialist staffing firm Xpheno

Infosys trims variable bonus payment to 65%, cites business condition

Most IT services companies expect near-flat growth in FY due to macroeconomic uncertainty

As AI waits in the wings, IT sector must prepare for changing labour needs

There are important implications for the sector in India. As this newspaper has reported, the effects of AI are being felt in the information technology (IT) business

Vendor consolidation to drive our growth this year: LTIMindtree

Customers are looking at tightening their spending and saving the last dollar rather than spending more on new age technologies

Mphasis Q4 results: Net profit rises 13.6% to ₹446.5 cr on BFSI-led growth

IT company Mphasis on Friday said its net profit grew by 13.6 per cent to Rs 446.5 crore in January-March quarter of FY25, driven by higher margins and increased revenue from the BFSI segment. The company had reported a net profit of Rs 393.21 crore in the same period a year ago, Mphasis said in a regulatory filing. "We are pleased with a quarter of broad-based performance, reporting the highest quarter-on-quarter (QoQ) growth in 12 quarters, highest TCV (total contract value) wins in 7 quarters, highest ever quarterly and full year EPS, and 86 per cent YoY growth in pipeline. In this uncertain macro environment, our focus is on continued investments in growth, keeping tech and AI at the core, and leveraging solutions to transform and modernize our client's technology and operations stack," Nitin Rakesh, Chief Executive Officer and Managing Director, Mphasis, said in a statement. The consolidated revenue from operations of Mphasis grew by 8.7 per cent to Rs 3,710 crore during the ..

TCS sees sharp decline in share of Tata group's market capitalisation

TCS is expected to account for around 55 per cent of the combined net profit of 23 listed companies in FY25 down from its all-time high contribution of 106 per cent in FY20 and 64 per cent on FY23

IT companies' slice of Nifty 50 pie shrinks sharply to 17-year low

Sector's weighting in index has slipped to 10.2% from peak of 17.7%

Infosys Q4 net profit drops 12% to ₹7,033 crore; revenue rises 7.9%

Infosys reports 12% fall in Q4 net profit to ₹7,033 crore; announces ₹22 dividend and highlights AI, cloud, and automation focus for FY26

Reaching $50 bn revenue goal by 2030 still a possibility: TCS CEO & MD

We also secured large deals - not necessarily AI deals, but deals powered by AI, says TCS CEO

Warning lights flash for ER&D companies as auto sector runs low on fuel

ER&D downshifts on weak Q4, gloomy 2025; more downgrades loom

US tariffs: Manufacturing, retail growth for IT companies may take a hit

Could lead to slower decision making, less discretionary spending on new-age technology

Pyramid or diamond? Indian IT companies brace for structural change

Traditionally, IT services firms followed a pyramid structure, with a broad base of fresh graduates supporting scalability and a large bench strength ready for deployment

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