A seasonally-strong quarter, with no immediate impact of the second wave and continued acceleration of digital transformation will allow the IT services sector to report a robust Q1 this financial year. However, key metrics to look out for will be attrition rate and margin lever as they will be impacted by salary hikes. Analysts expect growth for the quarter to be broad-based, with sectors like banking, financial services and insurance (BFSI), retail, manufacturing, hi-tech and life sciences driving revenue growth. Analysts across brokerage houses are pegging revenue growth in the range of 1.5 per cent to 4.5 per cent.
Railways is finding meaningful ways to engage ragpickers across the country. They are being pressed into service to clean the tracks at stations and become daily wagers.
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.
Senators Grassley and Durbin release more data showing that Tata, Infosys, and others are using U.S. work visas to their advantage
While we seem to want soldiers on short-term engagement, warfare itself is getting more technical and needs skilled manpower. The world has seen the dismal performance of armies that rely on short tour of duty soldiers or have outsourced war to 'contractors' in Afghanistan and now in Ukraine, points out Colonel Anil A Athale (retd).
More than anything else, Pathaan is a silent and subtle statement of Shah Rukh Khan about his place, his commitment to cinema and, if one can say, his politics, observes Mohammad Asim Siddiqui.
Taking the BPO-KPO wheel forward, the offshoring industry is looking to tap the $750 billion-a-year global engineering services industry.
commercial airlines and air navigation service providers have to carry out random drug tests on at least 10 per cent of their flight crew and air traffic controllers every year.
The CBI also informed that Karti Chidambaram will come back to India on May 24 and he has been directed to appear before them in 16 hours.
Major drug discovery outsourcing deals have almost dried up in the past 18 months for almost all prominent players in the area
Tier-II and tier-III towns have a reason to rejoice.
'The Russian attack might be a wakeup call for Europe.'
The officials said that families of the illegal miners are yet to report to the authorities, fearing police action.
Indian BPOs are at the centre of a fresh controversy with an Australian television channel claiming that some of them were illegally selling personal information of tens of thousand Australian customers.
The Sri Lankan government has asserted that the recently signed maritime security pacts with India will "neither result in hindrance nor threat" to the island nation's security as "misinterpreted" by several media outlets in this country.
According to industry sources, domestic toy manufacturers are seeing a sharp rise in sales during the current financial year. On January 1, 2021, India had banned the sale of toys that are not certified by the Bureau of Indian Standards (BIS). This meant that all factories churning out toys to be sold in India had to be certified by the bureau along with mandatory product testing, including for units abroad.
Trump told reporters that his administration will not tolerate firing of hardworking Americans in pursuit of cheap foreign labour.
In a development that may explain the disappearance of several Britons of Indian origin during visits to India, an investigation report on BBC says British Asians have been hiring killers in India to target their friends and family.
Despite challenges from China, the Philippines and Eastern Europe, India still has an overwhelming advantage in IT offshoring, according to Wipro chairman Azim Premji.
India invited aerospace companies to leverage its low cost, high talent workforce and infrastructure for building aircraft and systems for the world market.
India continues to be the most favoured back-office of the world, but the Middle East and North Africa region is slowly emerging as a promising offshoring destination, global management consulting firm A T Kearney says.
Cholamandalam Distribution Services Ltd on Wednesday said it has entered into a tie-up with UTI Investor Services Ltd to process IT PAN number applications in the country.
All central government employees were on Wednesday asked to immediately download the 'Aarogya Setu' mobile application and to come to office when the application shows "safe" status for commuting, an order issued by the personnel ministry said.
Home appliances major Electrolux on Tuesday said it will invest Rs 40 crore (Rs 400 million) by 2007 in a research and development centre here, besides sourcing IT services from Patni Computers as well as components from India.
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The request for relaxation came from large manufacturing units which have stated that the move would help facilitate manufacturing processes and augment exports.
Congress spokesperson Manish Tiwari on Friday accused the Bharatiya Janata Party of double standards."When the Ahmedabad serial blasts case was allegedly cracked, the chief minister of Gujarat and leader of Opposition in Lok Sabha L K Advani did not waste a second in calling press conferences, both in Ahmedabad and Delhi, to pat themselves on the back. The BJP will have to answer as to why it is trying to suppress the investigations into the Modasa blasts? he said.
Electric vehicle market is likely to attract investments of Rs 94,000 crore over the next five years and is expected to generate business opportunities in the real estate sector, according to a joint report by Colliers India and Indospace. The report 'Electric Mobility in Full Gear' mentioned that the electric vehicle (EV) industry in India is currently at a nascent stage but it is likely to grow, backed by government initiatives and a move towards recognising climate change. "India is taking a step towards sustainability and has vowed to cut its carbon emissions. "At the recently concluded CoP26 summit, India pledged to reach net-zero carbon emissions by 2070. "In India, the transport sector is currently the third-largest emitter of CO2. This is leading to increased thrust on EVs in India," it said.
US giants are rushing to partner with Indian and Chinese companiestapping their brainpower and saving millions of dollars in the search for breakthrough treatments
"I have lost count, how many times has it been? Must be a record," Karti tweeted without specifying.
'Generic skills are in abundance, but technological advancements have left staple skills redundant.' 'It is why employers are now looking for alternate sources of hiring -- deploying gig workers, looking at Tier 2 and Tier 3 cities for relevant talent.'
Apart from such advisory, IT biggies such as TCS, Infosys and HCL Tech among others have been pursuing 'remote working' model to overcome the situation.
Shorter durations and smaller-value transactions, analysts reason, allow businesses to spread operational risk and develop new relationships according to business demands.
Accenture's Q1 FY22 results have sent a wave of cheer among analysts, as the company raised its revenue guidance and said it expects double-digit growth in outsourcing, up from single digit to low double-digit growth expected earlier. Accenture's financial year ends on August 31. The company raised its revenue outlook for FY22 to 19-22 per cent in local currency, up from 12-15 per cent earlier.
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