'There is a shift in what customers are thinking about in the long term and better planned structures are going to emerge as winners.'
Fuelled by the global capability centre (GCC) boom, gross leasing of office space across top eight cities soared 5 per cent to touch 21.4 million square feet (msf) in the second quarter of calendar year 2025, according to Cushman & Wakefield's Q2 India Office Market report.
'Returning Indians can leverage their international skills and the strong funding environment for start-ups here.'
A 20-year-old college student in Odisha is in critical condition after setting herself on fire to protest alleged sexual harassment. Doctors have started dialysis, and the Chief Minister has visited the hospital.
'This introduction that has now been in place for sometime could well give that additional flavour for the chess players as they will be able to guess the pressure that a certain player is feeling during the course of a game.'
With rapid adoption of emerging technologies, the Information Technology and Business Process Management (IT-BPM) industry is expected to generate about 3 lakh jobs this fiscal year, according to a report. The IT-BPM workforce is on the trajectory to grow 7 per cent in FY23, with the overall headcount increasing from 5.1 million to 5.45 million (close to 3 lakh jobs being created), the report by TeamLease Digital, the specialised staffing division of TeamLease Services said. The 'Digital Employment Outlook Report for H1-2023' highlighted that the demand for digital skills will grow 8.4 per cent by the end of this fiscal year.
Global capability centres (GCCs) remained one of the major drivers of this huge spurt in demand for office spaces.
Indian tech sector's revenues are set to grow 5.1 per cent to $282.6 billion in FY25, and likely to climb up further to $300 billion in FY26, lobby grouping Nasscom said on Monday. The revenue growth is on the "right trajectory", the body's president Rajesh Nambiar told reporters here, pointing out to revenue growth of 4 per cent in FY24, 5.1 per cent in FY25 and the over 6.1 per cent needed to cross its expectation of crossing $300 billion in FY26.
As more and more businesses move towards digital technology-enabled solutions such as chatbots to increase interaction with their own customers, BPM companies have seen a significant chunk of their revenue proceeds shifting towards business outcomes.
Heart conditions may be hereditary, and knowing your family's health background can help you understand the risk your might face, says consultant cardio-thoracic surgeon Dr Gulshan Rohra.
India's office market was very active in 2024 with gross leasing of workspace witnessing a 19 per cent increase to a record 885.2 lakh square feet across eight major cities, according to Cushman & Wakefield. The gross leasing or absorption of office space stood at 745.6 lakh square feet in the preceding year, data from real estate consultant Cushman & Wakefield (C&W) showed.
Firstsource Solutions (formerly ICICI OneSource), a business process outsourcing company, on Thursday acquired BPM - a Delaware-based healthcare claims' outsourcing company.
The exchange took place at five Border Personnel Meeting points along the LAC, the sources added.
'It is the responsibility of industry to take the very bright talent whose knowledge of software engineering basics is very high, and then give them additional skills.'
Bank of America has named Infosys McCamish Systems as a source of a data breach that it said affected 57,028 customers, as per documents submitted to the Maine Attorney General in the US. Infosys McCamish Systems (IMS) is an Infosys' step-down subsidiary. The notification, penned on behalf of Bank of America, describes the breach as an "external system breach (hacking)", while the information acquired has been mentioned as "name or other personal identifier in combination with: social security number".
'If creative jobs can get disrupted, then left brain jobs like coding are easily disrupted. We are going through the journey of huge disruption.'
IT industry body Nasscom on Thursday said the sector continues to be a net hirer of skilled talent, and that the top 5 Indian IT companies are planning to add over 96,000 employees in 2021-22. The statement comes in the backdrop of a report by Bank of America that said domestic software firms are set to slash 3 million jobs by 2022 as automation gains pace across industries, especially in the tech space. "With the evolution of technology and increasing automation, the nature of traditional IT jobs and roles will evolve overall leading to creation of newer jobs. "The industry continues to be a net hirer of skilled talent, adding 1,38,000 people in FY2021," Nasscom said in a statement.
'IT companies do not have a large presence there either in terms of market and team. So, the impact of the war will be minimal. But West Asia is an emerging economy.'
Experts have said the reservation provision will set unrealistic goals for organisational hiring, but will also reduce productivity by reducing the available talent pool to a few people within the state.
Tier-II and tier-III towns have a reason to rejoice.
All but two women and four men among the Games' 128 archers agreed to participate, with data retained only in the form of archived TV footage.
It is on the exact spot where the Guru is said to have created 108 waterfalls, that the Yangtse clash took place between the Indian Army and the Chinese PLA on the night of December 9, 2022. As it had done in Ladakh in May 2020, the PLA tried to change the unmarked LAC in the Yangtse sector in Arunachal Pradesh. It was the most serious border incident since the Galwan Valley clash in June 2020, notes Claude Arpi.
Squeezing growth prospects in IT services firms and higher compensation in technology centres run by global companies are the two factors driving this trend.
The deliberations focused on bringing down tension along the disputed borders and ways to bridge the trust deficit.
The meetings were organised on Sunday at Nathu La in Sikkim and Bum La and Kibithu in Arunachal Pradesh, he said.
Keshav Murugesh, CEO of the Nasdaq-listed WNS, discusses the impact of the Trump administration on BPO and BPM industry with Ayan Pramanik.
At the border personnel meeting, China also accused the Indian side of damaging its road building equipment when a road laying party left its gear in Tuting in December last year following a protest by India.
Indian IT-BPM industry raked in revenues of $119 bn in 2014-15.
Engineering graduates specialising in artificial intelligence and machine learning can earn up to 24 lakh a year, says Saran Balasundaram, founder and CEO, HanDigital, a talent consulting firm.
Not many people know that today's BPM industry gives specialists great career options.
A majority of the companies said the law, aimed at jobs with a monthly salary cap of Rs 50,000, will result in them leaving Haryana or growing their operations in other states and abroad.
Switching to these roles may help you advance in your career, says Saran Balasundaram, founder and CEO, HanDigital, a talent consulting firm.
Europe is the second largest market for Indian IT-BPM industry
Kolkata excels in business performance with employee headcount and number of engineering students doubling in the last five years.
It said while Indian IT services companies were the "disruptors" and had created the modern offshoring industry, they are now incumbents, challenged by a host of specialised and niche start-ups that have emerged in the new digital environment.
According to Nasscom, engineering services exports had grown at 13 per cent in 2017 compared to six per cent rise in IT services exports and eight per cent in business process management (BPM). It had also recorded the highest growth in the last three years, reports Debasis Mohapatra.
Other than Gujarat, Odisha and West Bengal, call centres would come up in Assam, Manipur, Tripura.
The all-cash transaction is likely to be complete in the first quarter of 2020, subject to regulatory clearance.
Software industry body Nasscom on Wednesday appointed Cognizant India Executive Vice Chairman R Chandrasekaran as its Chairman for the year 2014-15.
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