Management campuses are expecting the rise in pre-placement offers to ease the final placement process.
Even as IT majors are hiring in fewer numbers this financial year on the back of a slowing global economy and trauma in the banking, finance and insurance services (BFSI) sector, Indian business process outsourcing (BPO) firms--captive and pure play--appear bullish. They are increasing their headcount in the country, attributing their optimism to business ramp-ups over the last couple of months and an increased acceptability of offshore work.
Wipro BPO, the business process outsourcing arm of soaps-to-IT services player Wipro Ltd, plans to expand its operations in China and the Philippines by opening two more centres in these countries by the end of this year.
The banking, financial services and insurance was the highest paid sector
By 2022, the entire job landscape would undergo drastic change.
The ongoing downturn has forced firms to cut back on advertising expenses. The banking, financial services and insurance segment (BFSI) has cut advertising budgets by nearly 40 per cent.
Hamsini Karthik reveals why the ongoing business rejig will help unlock value for shareholders of Grasim, Reliance Capital and Tube Investments
With the retail and construction sector expanding their IT infrastructure in the country, the overall revenue of the servers, a data storage device, touched $727 million (about Rs 2,903 crore) in 2007 recording a 24 per cent increase over 2006, a report said.
Private equity firms invested about USD 3.7 billion across 133 deals during the first quarter of 2018 as compared to USD 7.3 billion by way of 200 transactions a year ago.
Employees who forward office documents and emails to personal email accounts pose the greatest security risk to an organisation, according to a report by Websense.
They are witnessing, or anticipating, a double-digit growth in job offers over the same period last year.
Some of the significant deals include private equity firm FMO's 14.48-million-dollar investment in Magma Leasing, Singapore based investment group Orient Global's 26.88-million-dollar investment in domestic brokerage firm India Infoline, ICICI Venture's $44.57-million investment in Centurion Bank of Punjab and French banking group BNP Baribas' 50.14-million-dollar investment in stock broking firm Geojit Financials.
In a bid to diversify their risk in the backdrop of a US slowdown and a fallout from the sub-prime crisis, which has affected the BFSI sector, Indian business process outsourcing units have begun training their sights on the domestic market. The deal sizes for the BPO segment have increased to $5-50 million from just a few hundred thousand a year ago.
The country's largest software exporter Tata Consultancy Services on Monday reported a stellar 72.7 per cent growth in net profit at Rs 6,413 crore for the fourth quarter of last fiscal ended March 31.
IT-BPO firms offer end-to-end mortgage origination services and manage servicing activities.
IT company Hexaware Technologies said on Thursday it has earmarked an investment of about 40 million dollars to acquire firms in the services segment in Europe.
"This is expected to be the busiest festive season for e-commerce companies as Indian consumers are likely to spend up to Rs 25,000 crore as against over Rs 20,000 crore spent in the festive season last year," Assocham Secretary General D S Rawat said.
Global companies, e-commerce platforms and software product firms all want skilled digital workers.
In a top level reshuffle, software services major Wipro on Thursday appointed Soumitro Ghosh as head of Wipro Infotech replacing Senior VP and Business Head of Global Infrastructure Services Anand Sankaran, who quit the company hours before the rejig was announced.
Job portals are perhaps feeling jobless as the economic slowdown is making recruiters defer and limit their hiring plans.
Infosys is likely to report strong revenue growth in the fourth quarter of FY19 on the back of momentum in the big deal space.
Recent incidents suggest these safeguards perform well in simulated conditions and mock drills, but often fall short when actual threats emerge.
Tepid growth in verticals like banking and finance, healthcare, retail and automotive will drag overall IT spends in the current year, reports Debasis Mohapatra.
Employers are now looking to hire professionals who can demonstrate their skills rather than reel off a catalogue of undirected theoretical qualifications.
Mumbai and Bengaluru also featured among the list of top five global cites in terms of future rental growth.
IT solutions provider 3i Infotech has acquired British asset management solution provider, Rhyme Systems, for £28 million marking its entry into UK's banking and financial services space.
Seasonal weakness may result in modest sequential revenue growth for large Indian IT firms in the January-March 2016 quarter, analysts said.
India's largest IT services firm Tata Consultancy Services is eyeing the 'major transformation' in China's banking and financial services sector to tap the market for its services and products.
The Employment Outlook Survey by job portal MyHiringClub.com says that Indian companies are expecting the hiring pace for the upcoming quarter to rebound.
As Nasdaq-listed company indicates poor spending in financial services space, Indian firms feel jittery
Nasscom president said moving from single to multiple points could be a challenge from the point of view of ease of doing business
While the fresh issue portion of IPOs has been going down over the years, this financial year has been abysmally low at only Rs 2,663 crore, 82 per cent lower compared to the last financial year.
Gartner Inc, the research and advisory firm, expects mergers and acquisitions in public sector banks to gain momentum during the next couple of years, as the Indian government is "poised to increase" foreign holding in Indian banks.
Given their growth prospects and reasonable valuations, Mindtree, Hexaware and NIIT remain top picks of most analysts.
They are looking for white-collar jobs, and in industries that are in the forefront of growth.
HR can make better hiring decisions with solutions powered by robotics & machine learning.
TCS plans to build ignio as a standalone company.
Prices in Bengaluru, the National Capital Region, Hyderabad and Ahmedabad, however, witnessed an uptick during the period.
