United States, the largest market for the $282 billion Indian IT sector, is a "wild card" for the industry, lobby grouping Nasssom's president Rajesh Nambiar said on Monday. Speaking to reporters Nambiar said the tariff threats by the US may turn out to be the biggest headwind for the sector. "Broadly, if you were to look at the headwinds, the biggest unknown there would be the tariffs and the impact of what happens in the US market," Nambiar said.
While data can empower communities, it reinforces identities, making local politics more caste-centric, with decisions increasingly contested on the grounds of representation.
Such dynamics could lead to shifting alliances and, in the worst case, local governance getting paralysed as each group demands proportional power-sharing, explain Amitabh Kundu and Mehebub Rahaman.
Export-led Indian IT sector is not directly hit by Trump's tariff order on goods, but there could be worrisome indirect bearings on it arising out of possible slowdown in decision-making and GDP growth in America over higher tariffs, which may then cloud demand from specific verticals, according to some analysts.
Tamil Nadu Chief Minister and DMK president M K Stalin announced that his party will file a case in the Supreme Court against the Waqf Bill passed in the Lok Sabha. The opposition AIADMK expressed solidarity with the DMK's stance, while the BJP members staged a walkout from the Assembly in protest. The CM argued that the amendment was passed at the behest of a few allies despite opposition from majority parties and that it is an attack on the Constitution and religious harmony. The DMK claims the bill threatens the autonomy of the Waqf Board and the Muslim minority population.
Dip in attrition rates and higher bench strength seem to be signalling a normal year for hiring in FY24.
India's manufacturing sector growth fell to a 14-month low in February amid softer increase in new orders and production, a monthly survey said on Monday. The seasonally adjusted HSBC India Manufacturing Purchasing Managers' Index (PMI) registered 56.3 in February, down from 57.7 in January, but remained firmly within the 'expansionary' territory. In PMI parlance, a print above 50 means expansion, while a score below 50 denotes contraction.
India's information technology (IT) sector will witness subdued hiring in 2023-24 as macro uncertainties impact demand environment, with clients either taking a pause on spend or stopping discretionary spend, say human resource experts. To begin with, unlike earlier years, the three large IT players TCS, HCLTech, and Wipro have not provided any new hiring targets for the financial year. And Wipro has said that its hiring target will depend on the demand environment.
Elon Musk, who has previously vowed to "go to war" to defend the H-1B visa program, has reignited debate surrounding the program by labeling it "broken" and in urgent need of "major reform." Musk, along with Indian-American tech entrepreneur Vivek Ramaswamy, has been tapped by Trump to lead his Department of Government Efficiency (DOGE). While Musk acknowledges the need for foreign workers in the tech industry, he believes the current H-1B system needs significant changes, including raising the minimum salary and adding a yearly cost for maintaining the visa. The H-1B visa, which allows US companies to employ foreign workers in specialty occupations, has been a subject of debate for years. The tech industry advocates for more H-1B visas to attract highly skilled workers, while some argue that it allows businesses to replace Americans with lower-paid foreign workers.
Noting that these three Cs haunt Indian education today, the Congress Parliamentary Party chairperson said in an article that this "carnage" of India's public education system must end.
India's largest IT services company TCS on Thursday reported an 11.95 per cent jump in net profit at Rs 12,380 crore in the December quarter while the overall workforce reduced by over 5,000 employees. The Tata Group company had reported a net profit of Rs 11,058 crore in the year-ago period, and Rs 11,909 crore in the preceding September quarter. The company's revenue grew 5.6 per cent to Rs 63,973 crore as against Rs 60,583 crore a year earlier.
Former Pakistan Cricket Boardchairman Najam Sethi has blamed former Prime Minister Imran Khan for the decline of Pakistan cricket.
The Tesla careers page reveals there are 14 staff vacancies, of which 13 are based in Mumbai.
Industry players said IT hiring was not as strong as it was in 2022. One reason is the high bench IT firms have due to earlier hiring.
An order was issued to terminate 223 contractual employees of the Delhi Commission of Women after Lieutenant Governor V K Saxena gave his nod to a proposal on it, officials said on Thursday.
There's clearly no limit to how dramatic a wedding can be.
Surat police have seized 22 cars and registered FIRs against the parents of three Class 12 students who were driving without licenses in a convoy of 35 high-end cars while performing stunts. The students were on their way to a school farewell function. The video of the incident, which went viral, showed students performing dangerous stunts such as driving with their heads out of sunroofs and holding smoke guns.
IndusInd Bank on Tuesday fire fought the fallout of a Rs 2,100 crore discrepancy in accounting, saying it has enough reserves and capital to cover for it, but the management's assurance failed to arrest the free fall of shares which tanked over 27 per cent on the bourses. IndusInd Bank CEO and managing director Sumant Kathpalia said that the accounting lapse was noted around September-October last year and the bank gave a preliminary update to the RBI about this last week.
IndusInd Bank on Tuesday fire-fought the fallout of a Rs 2,100 crore discrepancy in accounting, saying it has enough reserves and capital to cover for it, but the management's assurance failed to arrest the free fall of shares which tanked over 27 per cent on the bourses.
IT services company Infosys has laid off over 300 freshers who underwent foundational training at its Mysuru campus but could not clear internal assessments after three attempts, according to sources. IT employee union NITES, however, said the number of freshers affected by the move was much higher, and threatened to lodge an official complaint with the Ministry of Labour and Employment, seeking urgent intervention and strict action against the company.
'It would have been impossible for any other country to manage such a vast crowd or accommodate the visit of so many devotees with such remarkable arrangements,' says Navin Mendon.
The hiring scenario is for the batch that passes out in 2024. These are graduates who will be impacted, given 2022 graduates are not fully absorbed and 2023 onboarding still incomplete.
'Brazil, China, Colombia and India each had more than 2,000 of their citizens overstaying student/exchange visas, with India having the highest number (7,000).'
Despite the dominance of AI, creativity and innovation are the most in-demand skills, reveal LinkedIn's Skills On The Rise 2025 report.
We have entered a new era in human history, asserts Aakar Patel.
Another major takeaway from Unstop's report is the growing disparity between academic preparation and corporate expectations.
An Indian woman sentenced to death in Abu Dhabi for the alleged murder of a four-month-old child has been executed on February 15, the Delhi High Court was informed on Monday. The woman, Shahzadi Khan, was handed over to the Abu Dhabi police on February 10, 2023 and sentenced to death on July 31, 2023. Her father, Shabbir Khan, had filed a petition seeking information about her well-being. The court was informed that the woman's last rites will be held on March 5.
While Angel One and Unifi Capital have obtained the final licence, Jio BlackRock, Capitalmind, Choice International and Cosmea Financial Holdings have received in-principle approvals.
'The choice is clear: We either embrace this transformation and cement our global leadership, or hesitate, lose ground, and fade into irrelevance.'
Afsar Dayatar/Rediff.com captures glimpses of Simran Shaikh returning home to Dharavi, a couple of days after she became the most expensive hire at the Women's Premier League auction in Bengaluru on Sunday.
Two persons including a man who allegedly opened fire outside Bollywood actor Salman Khan's residence in Mumbai have been arrested from Gujarat, police said on Tuesday.
IT services firm Wipro's revenue is likely to increase by about 4.5 per cent in FY26, mainly driven by favourable sectoral trends and recovery in discretionary customer spending, according to global rating agency Fitch.
Saif Ali Khan made his first media appearance after his shocking stabbing incident last month, and looked happy to announce his latest film, Jewel Thief: The Heist Begins.
The IT sector's fresher hiring is expected to rise by 20% to 25% for 2024-2025. The increase in hiring is driven by a focus on specialised skills catering to segments like AI, machine learning and data analytics.
Karnataka Deputy Chief Minister and state Congress president DK Shivakumar faced criticism from within the party for his participation in Mahashivaratri celebrations in Tamil Nadu, which was also attended by Union Home Minister Amit Shah. Shivakumar defended his attendance, asserting his Hindu faith while emphasizing his respect for all religions. He also clarified that he had not met Amit Shah and refuted claims of aligning himself with the BJP.
This may be in line with Russia's private military company, Wagner Group, which was controlled until 2023 by Yevgeny Prigozhin, a former close ally of Russia's president Vladimir Putin. The group used the infrastructure of the Russian Armed Forces.
From Saif Ali Khan's sabse bada beta's streaming debut to how to make potstickers with Prince Charles' chhoti bahu, it's all there on OTT this week.
Dinesh Karthik may have spent his career in M S Dhoni's shadow, but his contributions to Indian cricket, especially in the IPL, deserve a legacy all his own, asserts Sudhir Bisht.
IT services company Infosys on Wednesday said it did not use force or intimidation tactics when it laid off trainees at Mysuru campus over performance-related issues, and that it was explaining the circumstances to the labour department authorities. In an interview to PTI, Shaji Mathew, chief human resources officer at Infosys, however, conceded that assessment failure percentages this time around have been "slightly higher" than in the past but dismissed charges that the tests had been designed for failure.
'A start-up with 100 people has reduced the strength to 60-80 people to reduce cost.' 'Even if there is attrition, they prefer not to replace them.'
Sources close to the development told Business Standard the company was exploring different ways to save on its employee costs and had laid off a few employees on "performance" grounds. "We will see a similar development for the next few months. "The company is fine-tuning its hiring policies and implement rigourous measures to look into employee performance," a source said.
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