A slowdown in hiring by India's top IT companies has resulted in a sharp increase in the industry's profit per employee in Q3FY23. The top four IT companies earned a net profit of 1.7 lakh per employee during October-December 2022, up 8.6 per cent from Rs 1.57 lakh in Q2FY23 and 16.3 per cent from a record low of Rs 1.47 lakh in Q1FY23. Earnings per employee in the third quarter were, however, still down 0.9 per cent on a year-on-year (YoY) basis.
Software employees can opt for company-run programmes, online courses, boot camps to upgrade skills.
Few people know Ratan Tata as well as R K Krishna Kumar does. Widely perceived to be among the managers closest to Tata, Krishna Kumar assesses Ratan Tata, the man and business leader, in this exclusive interview to Rediff.com's Vaihayasi Pande Daniel.
Can we make high speed 4G Internet available at 10 cents per GB, and make all voice calls free of cost -- that too in a large and diverse country like India? Can we make high-quality but simple breast cancer screening available to every woman, that too at the extremely affordable cost of $1 per scan? Can we make a portable, high-tech ECG machine which can provide reports immediately and that too at the cost of 8 cents a test? Can we make an eye imaging device that is portable, non-invasive and costs 3 times less that conventional devices? Can we make a robust test for mosquito-borne dengue, which can detect the disease on day 1, and that too at the cost of $2 per test? Amazingly, says Dr R A Mashelkar, the eminent scientist, all this has been achieved in India, not only by using technological innovation but also non-technological innovation.
Invests $50 mn in 11 entities in just over a year, commits $25 mn more; prefers putting money in firms trying to solve India-specific problems
It has taken a pandemic to move the needle on the salary packages for greenhorn engineers hired by the Indian IT services sector. The country's third-largest IT services player, HCL Technologies, has decided to boost the entry-level packages from Rs 3-3.6 lakh to Rs 4.25 lakh for FY23, in a bid to attract fresh talent and keep them for longer to counter the impact of rising attrition. This new package would also be applicable to those freshers who joined the firm in FY22.
While TCS, Infosys and Cognizant have hinted at a weak quarter, analysts say the slowdown is cyclical and growth will return after the US elections
The MoU was signed by New York Consul Geneal Dnyaneshwar Mulay on behalf of the ICCR and Richard L Edwards, executive vice president for Academic Affairs and interim Chancellor, Rutgers University to initiate this academic partnership.
Reskilling and online certification are the biggest earners in the Indian online education market
HR Guru Mayank Rautela offers practical advice.
Farming and agriculture are crying out for a business model innovation, says R Gopalakrishnan.
This demonstration of technology is exciting, as is the fact that it has been done with so little expense, says M N Vahia
'I've always wanted to be a pilot; setting records is the icing on the cake.'
Beside the defence forces in India, the start-up has shipped around 350,000 units to 12 countries -- the United Kingdom, France, Poland, Bangladesh, Saudi Arabia, the UAE, Kenya, South Africa, Romania, Indonesia, Qatar and Oman.
Envisioning and implementing a Railway innovation programme needs attitude training and skill impartation, says R Gopalakrishnan.
Hemant Shivsaran lists the number of projects the Modi government has announced since August to woo Gujarat voters.
Some investors warned of a coming British or even global recession as sterling collapsed to hit its lowest since 1985.
The proposed annual quota for Indian companies could be between 10 and 15 per cent. Currently, there are no country-specific limits on H-1B allotment.
At a time of massive job losses that is what the much-vaunted Indian IT sector needs. Ritwik Sharma reports.
Anjuli Pandit wants to use her skills to educate more and more Indians, says Chaya Babu
EduBridge is emerging as a strong player in training unemployed youth.
AI, cloud computing, data analytics are a few areas companies are looking for proficiency in
Smaller cities like Pune and Noida score better than 'Vibrant' Gujarat's Ahmedabad.
Trump to sign an executive order aimed at achieving a more skills-based and merit-based immigration system.
HR Guru Mayank Rautela offers practical advice.
TCS is hiring from over a hundred engineering campuses, MBA graduates from top B-schools in the US
Anurag Singal, founder of cajobportal, a job site that caters exclusively to CAs and commerce graduates tells us how he aims to skill and enable satisfactory employment to aspiring professionals.
Working online is the new reality, explains HR Guru Mayank Rautela.
'The economy will pick up in 2020 or a little later... When it picks up, will it reach 10%, 8% or still lower? It all depends on how realistic are the diagnosis and the prescriptions that follow,' says Professor K J Joseph.
Study smart. Personalise your essays. Connect with alumni and apply well before the deadline.
Metal shares gained on hopes that the government may adopt ordinance route for mines sector reforms
The real issue in India is not between Make or Made/Create in India or basic or applied research. We need both. The solution is to create an eco-system where new ideas can flourish and convert themselves into new technologies and products, says Colonel Anil A Athale (retd).
'Make in India' will be central to Mr Modi's visit to Europe and Canada. It is difficult to predict what will happen with the Rafale deal, but if it goes through, it will undoubtedly become the 'Mother' of all 'Make in India' projects,' says Claude Arpi.
Most of the 250 freshers Infosys hired from US campuses last year would be deployed in sales
The proposed campus will come up on around 125 acres, which the company will acquire from airport authorities, and would house as many as 3,000 employees.
Enormous debt isn't the only thing afflicting Air India. Its work culture is an equal culprit in its downfall.
From acquiring creative agencies, to setting up onsite innovation centres and turning around BFSI with entirely new digital offerings, 2018 had seen the IT industry going from initial lows to new highs.
Mired in corruption, politics and with a history of suicides by its hapless depositors, PMC Bank's revival is a challenge very different from Yes Bank and LVB, both for the regulator and the rescuer, observes Tamal Bandyopadhyay.
What work in Jaipur's favour are lower costs, a good talent pool, better quality of life, and proximity to the Delhi National Capital Region
Increase in taxes on luxury cars will not have any effect on the demand
