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.
While the IPL 2025 mega auction is expected to reward several young talents with huge pay cheques, a few seasoned stars could also steal the show.
The stock of online classified major Info Edge (India) was up over 6 per cent on Friday on expectations of demand improvement for Indian IT companies. Strong revenue growth prospects for each of its online verticals - including recruitment, matrimony, real estate, education, and upside from its holdings in companies such as Zomato - had prompted Goldman Sachs to upgrade the stock. Info Edge's standalone revenue grew 10.6 per cent year on year (Y-o-Y) in Q2FY25, beating consensus. 99acres (+16.9 per cent Y-o-Y) and Jeevansathi (+33 per cent Y-o-Y) were drivers of growth while recruitment grew 8.5 per cent Y-o-Y.
Consistent preparation with the right skillset and good communication skills are important to crack any campus interview, says rediffGURU Professor Suvasish Mukhopadhyay.
The US Justice Department on Thursday charged Yadav for his role in the assassination plot.
...followed by financial services, IT, and sales and marketing.
The woman's husband was undergoing treatment at a private hospital in Lucknow.
When in Landour, discovers Supriya Newar, one of the most important things to do and that too in large measures, is to do nothing at all.
Allegedly charging patients Rs 2 instead of the stipulated fee of Re 1 at a Community Health Centre (CHC) has cost a contractual employee his job in Maharajganj in eastern Uttar Pradesh, officials said.
Chandrakar along with another promoter of the app, Ravi Uppal was detained and put under "house arrest" in that country late last year following the ED's request for issuance of a Red Notice (RN) against them.
Bhaker finished third to secure a bronze medal in the final of the Women's Air Pistol event on Sunday. She became the first Indian woman to win a medal in shooting at the Olympics.
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.
'The policies announced by his administration are implemented faster.'
The year was rich in content as far as Web series were concerned.
Diksha Dagar, who is due to take part in the the Olympics next week, has escaped unhurt from a car accident.
United manager Erik Ten Hag has come under pressure already after two defeats in their opening three games and Ronaldo said he should lean on his former United teammate Ruud van Nistelrooy, who was hired as an assistant coach.
Vikas Yadav, a former Indian government official charged by the United States authorities for his alleged role in a foiled plot to assassinate Sikh separatist Gurpatwant Singh Pannun on American soil, was arrested by Delhi Police in December last year in an unrelated extortion and kidnapping case, police sources said.
The first quarter results (Q1FY25) of Indian IT services hint towards better fiscal growth than the preceding year, but as the management commentary said, "there is still some time for the industry to be firing on all cylinders." Among the majors-Tata Consultancy Services (TCS), Infosys, HCLTech, and Wipro-it is the Bengaluru-based Infosys that has performed better, which was also evident in its full-year revenue guidance.
What stood out in his 15-year journey as a member of the political executive at the Centre was his glowing record as India's most successful and effective finance minister. Both as prime minister and finance minister, he understood the importance of gradualism, except when the economy or the polity was in a crisis.
'It was a fiasco on the part of the Indian government to think that it could carry out crimes in Canada and the US and get away with it'
Shooters involved in the killing of Nationalist Congress Party leader and former Maharashtra minister Baba Siddique learnt to handle firearms by watching videos on YouTube at a rented house in Kurla area in Mumbai, officials said on Wednesday.
The force "never faced any problem with regard to participation of candidates due to language problems," the spokesperson said.
The US unit of PwC will lay off about 1,800 workers, marking its first formal job cuts since 2009 as the company seeks to restructure its technology group. This comes amid a slowdown in demand for some of its advisory business, according to a Wall Street Journal report. Half of the anticipated layoffs will target offshore positions, impacting a wide range of employees from associates to managing directors.
Nearly 40 per cent of IITians sitting for placements in 2024 are yet to receive job offers, showing a doubling of the 'unplaced' in the last three years from 19 per cent in 2021-2022 to 38 per cent in 2023-2024.
Like Grover Cleveland, Donald Trump won election as president, lost the next election and won a third election to the US presidency.
A purported Telegram post circulated on social media, which claimed that the blast was carried out in retaliation to the "targeting" of pro-Khalistan separatists allegedly by Indian agents.
The death of 26-year-old Anna Sebastian Perayil -- who worked on the audit and assurance team at EY Pune, due to 'overwork' her heartbroken mother noted in a letter to EY India chairman Rajiv Memani provoked best-selling author Rashmi Bansal to pen a poem on the perils of overwork in Corporate India.
Hike through Meghalaya's newest tourist magnet.
'The facility works on Apple's iPhone and everything is damaged -- CNC machines, computers and CCTVs worth crores.'
'Communist China continues to aggressively expand its domain in the Indo-Pacific region.' 'It's crucial for the USA to continue its support in countering these malicious tactics.' 'India, along with other nations in the region, is not alone.'
The Indian economy needs to generate an average of nearly 78.5 lakh jobs annually until 2030 in the non-farm sector to cater to the rising workforce, according to the Economic Survey for 2023-24. The Survey tabled in Parliament on Monday also laid emphasis on the private sector's role to create employment in the country saying "In more than one respect, the action lies with the private sector. "In terms of financial performance, the corporate sector has never had it so good."
As many as 38,800 teachers will be hired for Ekalavya Model Residential Schools, Finance Minister Nirmala Sitharaman said on Wednesday. Presenting the last last full Budget of the second term of the BJP-led NDA government ahead of the general elections in 2024, she said a national digital library for children and adolescents will be set up for facilitating quality books.
Marriott International will set up a global capability center (GCC) in Hyderabad, which will be its first such offshore unit in India and will help support Marriott's various operations across its global enterprise in 141 countries and territories. Marriott Tech Accelerator is also -- in all likelihood -- the first ever GCC from a hospitality major being set-up in India. While the company did not give details of the size of the center, senior state government officials said that the company will hire 300 people by the first quarter of the calendar year 2025.
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.
Players who were bought at unexpected price tags...
Employers seek individuals who can prioritise tasks, solve problems, and work within deadlines, notes Ankit Aggarwal, founder and CEO, Unstop.
TCS, Infosys ramp up onshore hiring; Infosys committed to hire 25,000 over 5 years.
The protesters assembled outside Dogra Chowk in the heart of the city and tried to take out a march in violation of prohibitory orders when the police swung into action and restored to mild lathicharge before detaining several of them, the officials said.
AI and machine learning will only continue to grow in 2022, with a significant increase in the demand for such roles, notes Sekhar Garisa, CEO, Monster.com.
In a body blow to India's medal prospects in the Commonwealth Games, key sports such as hockey, badminton, wrestling, cricket and shooting have been dropped from the 2026 edition by host city Glasgow, which unveiled a pruned roster of 10 disciplines to keep the event budget-friendly.
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