Evaluation gets tougher as companies battle uncertain macro conditions and automation.
Hiring for management professionals with greater than 16 years of experience witnessed a spike of 66% compared to last year.
The Indian IT industry will stage a "strong recovery" in 2021-22 with a revenue growth of up to 11 per cent, ratings agency Crisil said on Wednesday. The recovery will be led by increasing outsourcing and accelerating digital transformation services mainly in sectors such as banking, financial services and insurance (BFSI), healthcare, retail and manufacturing, it said. As per Nasscom, the IT services industry grew 2.7 per cent to $99 billion in 2020-21.
Rituparna Chakraborty, co-founder and EVP, TeamLease Services explains which sectors will contribute to India's growth story.
Company feels automation is a big tool to drive down costs and improve efficiency
The apex body also wants to bring in systemic reforms, especially to redress grievances of the small taxpayers such as - increased automation of the processes, e-filing, centralised processing of the tax returns and other bulk operations.
Hinduja Group's business process management entity, Hinduja Global Solutions Limited (HGS) said on Wednesday that it has entered into definitive agreements to divest its Healthcare Services business to funds affiliated with Baring Private Equity Asia (BPEA), at an enterprise value of $1.2 bilion. The deal is subject to closing adjustments, and is expected to complete within 90 days, subject to shareholder and other regulatory approvals. "The cash that will come in as a result of this transaction will be deployed to growing the business as well as looking at buying some capabilities...where capabilities are important for being able to do a good job of customer experience transformation.
Most large companies have curbed their hiring plans in 2018-19 because they continue to invest in digital technologies.
Walmart-owned Flipkart on Wednesday said it has set up a new fulfilment centre (warehouse) in West Bengal, its second-largest in the state, that will help in creating nearly 3,500 direct jobs. Spread across an area of over 2.2 lakh sq ft, the new facility in Dankuni will cater to the needs of Flipkart and Myntra customers in the region and bolster the e-commerce major's efforts to ramps up supply chain infrastructure in the eastern part of the country. The facility will also help thousands of sellers offer a wider selection and enable faster deliveries of customer orders within the region and neighbouring states while also helping create national market access, according to a statement.
India is the second-largest technology hub for Amazon globally and its teams are powering innovations not only for customers in the country but globally as well, a top company executive said on Thursday. Speaking at Amazon India Career Day, Amazon global senior vice president and country head India Amit Agarwal said the e-commerce company employs over one lakh professionals in India across diverse areas from engineering, supply chain, content creation, marketing, video and others. "India is also the second-largest technology hub for Amazon globally, with some of the most talented software developers, product managers, machine learning scientists, and research scientists as part of the team," he said.
INS Vishakapatnam's ground attack and anti-ship capabilities are achieved through a bank of BrahMos cruise missiles that can be fired at targets up to 295 km away.
Sikka reinforces focus on automation & artificial intelligence
The total coronavirus cases mounted to 80,40,203 and the death toll climbed to 1,20,527 with the novel coronavirus virus claiming 517 lives in a span of 24 hours in the country, the data updated at 8 am showed.
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.
After being closed for over five months due to the COVID-19 pandemic, metro services will be resumed in three stages from September 7-12, but stations located in containment zones will remain closed.
Only 13 per cent employers in India have hiring plans in the July-Septermber quarter, says a survey.
Billionaire Mukesh Ambani on Friday backed the proposed data privacy and cryptocurrency bills, saying India is putting in place the most forward-looking policies and regulations. Ambani, who has been a votary of Indians owning and controlling their own data and the nation drafting strict rules around how digital information is stored and shared, said nations have the right to build and protect strategic digital infrastructure. Stating that data is the 'new oil', he said every citizen's right to privacy has to be safeguarded. "India is putting in place the most forward-looking policies and regulations," he said at the Infinity Forum, hosted by International Financial Services Centres Authority (IFSCA).
TCS had earlier this week announced that it too would be hiring less number of freshers.
The industry is expecting double-digit growth on a year-on-year basis, helped by a possible price correction after softening of raw material inputs and factors such as positive sentiments, pent up demand and improving economic conditions. Besides, a shift in consumer behaviour from price consciousness towards technologically advanced premium products with quality, value proposition and safety aspects leading to a rise in demand for home automation products is making the industry upbeat. With the government's production linked incentive (PLI) scheme for white goods, which has witnessed a committed investment of Rs 4,614 crore, in place, many manufacturers are gearing up to make the most out of the opportunity as well as take steps towards reducing their dependency on imports and make products more affordable.
nternally, Wipro has been pushing for 'automation'. However, when it comes to profitability, the Bengaluru-based company has a long way to go. Wipro chief executive officer Abidali Neemuchwala says while the benefits are going mostly to clients, they would start reflecting in the company's bottom line.
Those hardest hit by the second wave of the pandemic have been blue-collared workers, doctors and healthcare workers, law and order and municipal personnel, individuals eking out daily livelihood, and small businesses. And there should be more measures taken to alleviate their pain, the Reserve Bank of India (RBI) said on Monday. The report also indicated that the RBI's growth numbers might have to be revisited as the central bank's real GDP growth projection of 26.2 per cent given in the MPC's resolution of April 7 for the first quarter of 2021-22, were "made before the full fury of the resurgence." Nevertheless, the "resurgence of COVID-19 has dented but not debilitated economic activity in the first half of Q1: 2021-22.
The one common thread that we see across these jobs is that they are all highly human-centric, points out Ramesh Kumar.
Facebook removed 25 million pieces of content identified as 'spam,' 1.8 million pieces of content containing 'adult nudity and sexual activity', reports Neha Alawadhi.
'We have done tremendous automation in the stock markets'.
The highest number of URLs actioned pertained to Abuse/Harassment and IP-related Infringement (46 each), followed by Privacy Infringement (35), Impersonation (16) and Defamation (15). URLs actioned under Misinformation/Synthetic and Manipulated Media category stood at 7, and Sensitive Adult Content and Hateful Conduct (one each).
Ashish Narsale/Rediff.com brings you amazing gadgets and mobile devices from CES 2022.
Technology has and will continue to fundamentally reshape the world, says World Bank president Jim Kim.
Technology and operations management expert Elliott N Weiss discusses manufacturing, the trouble with too much automation, and the need to strike a balance between people and artificial intelligence with Ritwik Sharma.
He also said automation, machine-learning, artificial intelligence and bots are happening, both in the software and business process outsourcing sector
The development comes amid reports that social media companies are being asked to remove posts that are critical of the government's handling of the coronavirus pandemic.
The firm, which has sacked 1,000 employees, says nothing new about it, laggards weeded out every year, this year is no different
It is believed that the signing of BECA and the follow-up arrangements between the sides will allow India to use American inputs on geospatial intelligence and to enhance military accuracy of automated hardware systems and weapons like cruise, ballistic missiles and drones.
India has the lowest labour force participation rate in South Asia and one of the lowest in the world, points out Aakar Patel.
India's IT and business services market is expected to grow 5.4 per cent annually to reach $13 billion by December this year, research firm IDC said. The segment grew 5.3 per cent year-on-year (y-o-y) in January-June (H1) 2020 period as compared to 8.9 per cent growth in H1 2019, IDC said in a report. Of the IT and business services market, the IT services market contributed 77.4 per cent in H1 2020, growing 5.9 per cent y-o-y as compared to 9.3 per cent growth in the year-ago period.
Digital canvassing is expected to benefit from political money looking for alternative blow horns.
An individual with a score above this level will not only enjoy easy access to credit, but will also benefit from lower cost of loans, points out Arun Ramamurthy, founder and director, Credit Sudhaar.
Realigned training modules. Better automation and coding tools. Internal contests and more.
A new user-friendly app to control the beast. Automatic transmission with petrol engine. Electronic sunroof. Plus, of course, the safety elements. Rajesh Karkera/Rediff.com on what makes the new XUV300 special.
Though the system is called faceless, it would have a room for inviting tax payers through video conferencing.
Off-site ATMs are set up on a standalone basis.
