Indian IT hiring landscape is at a pivotal juncture as it transitions from a year of decline towards a more hopeful future. The focus on specialised skills, particularly in AI and data science, combined with geographical shifts towards Tier 2 cities, indicates a transformation within the sector.
Oscar Piastri won the Azerbaijan Grand Prix and sent McLaren top of the constructors' standings in a race that finished with a virtual safety car after a penultimate lap collision between Ferrari's Carlos Sainz and Red Bull's Sergio Perez.
The urge to start working and become financially independent is compelling. However, take some time off to evaluate your options.
The guidelines by an expert committee, set up for revising the academic calendar in view of the COVID-19 pandemic, have been accepted by the UGC and accordingly universities have been recommended a six-day teaching learning schedule every week.
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TCS saw its headcount reduced by 6,333. Infosys' headcount decreased by almost 7,500, and HCLTech saw its employee numbers shrink by 2,299.
'We're putting a lot of focus on GenAI developers and people who can really do all the architecture and programming.'
SAIL currently employs a little under 1,21,000 people. The freshers, to be roped in as management trainees (technical and administrative), would handle the extended operations of the company in near future. The company is in the process of expanding its production capacity to 26.3 million tonnes by 2010-11 for which its would be spending in excess of Rs 78,000 crore.
The second-quarter performance of the top five information-technology services firms gives the hint that slow growth has bottomed out on the back of discretionary spending kicking in for the sector's largest vertical - the banking and financial services. However, concern about the macro-environment continues to be a challenge. Among the top four - Tata Consultancy Services (TCS), Infosys, HCLTech, and Wipro - it is Bengaluru-based Infosys that has performed the best and that was evident in its full-year revenue guidance.
According to the latest annual report for 2017-18, the percentage of the company's employees in the age group of 18-25, came down to 28.16 per cent, from 31.19 per cent in the previous financial year.
IT major Wipro on Friday posted a 4.6 per cent year-on-year rise in its consolidated net profit for the June quarter at Rs 3,003.2 crore. The Q1 FY25 revenue of the Bengaluru-headquartered firm, however, fell 3.8 per cent to Rs 21,963.8 crore.
Tata Consultancy Services (TCS), India's largest IT services firm, is planning to increase salaries by an average of 7-8 per cent for its offsite employees and 2-4 per cent for its onsite staffers in 2024-25. High performers can expect a raise of 12-15 per cent. The company, which had a headcount of 603,305 as of December 31, 2023, will be closely looking at the promotions and the process may also get pushed to the first quarter of FY25, revealed a source on condition of anonymity, because he is not authorised to speak to the media.
'We added a significant number of freshers in Q1. You will see a good number of hiring in Q2 as well.'
IT major Infosys Ltd on Thursday reported a 7 per cent rise in first quarter net profit and raised its growth outlook for the current financial year. The consolidated net profit of Infosys increased to Rs 6,368 crore in the April-June quarter, compared to Rs 5,945 crore in the same period a year back, according to a stock exchange filing by the company.
Charles Leclerc won the US Grand Prix in a Ferrari one-two with Carlos Sainz on Sunday as Formula One championship leader Max Verstappen dealt Lando Norris a significant setback in their title battle.
'GenAI programmes may not be large in terms of value, but have triggered a lot of new opportunities among clients.'
In an online chat with readers, Mayank Gupta, COO, Edukart.com addressed reader queries on how to write a winning CV and get the right job.
Contra-dating is all about pushing boundaries. rediffGURU Ravi Mittal, CEO of online dating app Quack Quack, lists 10 reasons why everyone should try it at least once.
Out of 24,230 IIT and NIT grads, about 8,000 students didn't find any takers during campus placement drives this year.
Mr Pradhan's understanding of realpolitik and organisational dynamics makes him the ultimate party man, notes Aditi Phadnis.
Colleges are witnessing more offers, with better salary packages. Median salary packages offered have improved over last year.
The listed information technology (IT) subsidiaries of engineering giant Larsen & Toubro (L&T), LTIMindtree (LTIM) and L&T Technology Services, have seen sharp upmoves over the past fortnight, with returns ranging from 14 to 18 per cent. Both have outperformed the peer index, the National Stock Exchange Nifty IT, which has gained about 8 per cent, while the benchmark Nifty 50 is up 4 per cent during this period.
'We will have a strong exit as our third quarter is strong.'
IT company HCL Tech reported a 6.2 per cent increase in consolidated net profit at Rs 4,350 crore, highest ever on a quarterly basis, in the third quarter ended December 31. The company had posted a net profit of Rs 4,096 crore in the same period a year ago, HCL Tech said in a regulatory filing.
'His contribution not only elevates our institution but also serves as an inspiring example of how our alumni community continues to drive meaningful change.'
N R Narayana Murthy, co-founder of Infosys, blamed the venture capitalist community for inculcating a culture among entrepreneurs to chase growth at all costs. He said the VC model of investment looked like a ponzi scheme. "I would hold venture capitalists responsible who propounded the theory that only the top-line is important and not the bottom-line. "I think that is completely wrong. In many ways it looks like a ponzi scheme.
With revenue growth impacted and uncertainty deepening in major markets, India's second largest IT services firm, Infosys, saw a net reduction in its headcount in the fourth quarter of financial year 2022-23 (Q4FY23). Infosys' workforce saw a net reduction of 3,611 employees, bringing its total headcount to 343,234. This was also the first time in many years that the company did not provide a hiring target for the next fiscal.
The company -- the first major IT services firms to announce such a move -- has asked its workforce to return to offices because of the need to deepen the value systems and a belief in productivity gains coming from co-working, TCS chief human resources officer Milind Lakkad told reporters.
Create a balanced schedule that allocates time for both studies and skill development, suggests rediffGURU Aasif Ahmed Khan.
All eyes will be on star India batter Virat Kohli, who is perhaps battling the biggest form crisis of his career.
While praising the internship scheme announced in the Budget, India Inc wants clarity on how it will be implemented. The scheme is expected to help companies address the skill gap in employment. Dheeraj Hinduja, chairman, auto major Ashok Leyland, said: "We had started an internship programme at our plant in Pantnagar, which we established in 2010 with colleges there.
The actor-turned-politician has been allotted Panchayat Raj and Rural Development, Environment, Forests, and Science and Technology portfolios.
'The first job you pick up may not be your ultimate dream job.' 'When the situation is no job or any job, my advice to them will be, pick up any job at the moment.' 'You should use that job as a learning experience.' 'It is easier to find a job when you are working somewhere than when you are sitting at home with no work.'
'When I stepped down from the (United Nations) secretary general's race, the first visitor I had was a former minister of the Vajpayee government inviting me to the join the BJP.'
The inquiry committee formed by Jadavpur University to probe into the circumstances leading to the death of a fresher has concluded that the victim was singled out for severe pre-planned ragging, which included possible sexual abuse.
World champion Max Verstappen got back to winning ways on Sunday with a third straight pole-to-flag victory at the Japanese Formula One Grand Prix, leading teammate Sergio Perez across the line for a Red Bull 1-2 at Suzuka.
Under the National Apprenticeship Promotion Scheme, close to 1 million apprentices will be trained in FY24.
As per the new criteria of selection effective for the 2014-16 academic session, work-experience of prospective candidates will assume lesser weightage and preference will be given to the most recent academic score; marks obtained in the class 10 and 12 examination will be given less importance.
India's second largest IT services company Infosys on Thursday reported a 3.1 per cent year-on-year rise in net profit to Rs 6,215 crore for the September 2023 quarter. The earnings (before minority interest) of the Bengaluru-based company stood at Rs 6,026 crore in the year-ago period. The company - which competes in the IT services market with TCS, Wipro, HCL Technologies and others - saw its revenue rising 6.7 per cent to Rs 38,994 crore for the just-ended September quarter.
The 13 arrested in connection with the death of the Jadavpur University fresher allegedly due to ragging and sexual molestation at the hostel will not be allowed to either enter its premises or the campus, according to a decision by the varsity's executive council.
