Page 3 - It Industry
IT, BPM industry to add more 300,000 jobs by FY2023: TeamLease report
Companies looking for candidates with digital skills and engineering graduates from smaller cities
 "IT, BPM industry to add more 300,000 jobs by FY2023: TeamLease report")
Ex-L&T Infotech CEO Sanjay Jalona joins ChrysCapital as operating partner
Sanjay Jalona will be based in the US, look after investments in the business services sector
 "Ex-L&T Infotech CEO Sanjay Jalona joins ChrysCapital as operating partner")
IT firms seek talent with strong foundation as they move to smaller town
The demand is for skills that can address new technology demands such as AI/ML, data analytics, cloud etc, which may not be easily available in these cities
 "IT firms seek talent with strong foundation as they move to smaller town")
IT analysts in wait-and-watch mode as experts see mild recession in the US
Analysts predict that if a slowdown does happen by 2022-end, the impact will be seen only in second half of FY23
 "IT analysts in wait-and-watch mode as experts see mild recession in the US")
Infosys goes all out to retain talent, increases promotions, ESOP coverage
The IT industry, facing an alarming rate of attrition, has been doubling down on reskilling and retaining talent using various monetary and non-monetary compensations
 "Infosys goes all out to retain talent, increases promotions, ESOP coverage")
Slowing profits
Inflation is affecting demand and margins
 "Slowing profits")
ITC Infotech eyes $500 mn revenue over five years from new business unit
Last month, ITC Infotech said it would be acquiring a part of PTC's product lifecycle management (PLM) implementation services business and create a new business unit, DxP Services
 "ITC Infotech eyes $500 mn revenue over five years from new business unit")
Goa to bridge gap between manpower and IT industry requirements: Minister
IT minister chaired a "brain storming session" with the academia, IT industry and government officials in Panaji to understand the gap existing between the manpower and the industry requirement
 "Goa to bridge gap between manpower and IT industry requirements: Minister")
From double-digit hikes to promotions, India's IT talent takes the cake
The salary increases are not restricted to the Indian IT industry. Globally too, tech talent is being rewarded as never before
 "From double-digit hikes to promotions, India's IT talent takes the cake")
Residential plot prices shoot up in big cities amid strong demand
Property consultants and developers say demand is rising owing to an increase in incomes in the IT industry and families preferring independent homes post-pandemic
 "Residential plot prices shoot up in big cities amid strong demand")
Nasscom appoints Krishnan Ramanujam as Chairperson for 2022-23
Krishnan was the Vice Chairperson of the body. He succeeds Accenture's Senior Managing Director in India Rekha M Menon, who had served as the Chairperson for 2021-22.
 "Nasscom appoints Krishnan Ramanujam as Chairperson for 2022-23")
Valuations for IT players at lower levels to forward EPS on PEG basis
Accenture's results points to sustained growth trajectory
 "Valuations for IT players at lower levels to forward EPS on PEG basis")
Boost to IT, industries, infra in Kerala during its first paperless budget
The Left government in Kerala on Friday presented a budget which made huge allocations to information technology, industries and infrastructure.
 "Boost to IT, industries, infra in Kerala during its first paperless budget")
IT companies click on gender diversity, scout for talent across the board
Already the largest employer of women, these companies are now viewing women as the cutting edge of the talent war
 "IT companies click on gender diversity, scout for talent across the board")
Make Big Tech accountable to communities and society: MoS Electronics & IT
Nations must cooperate to make firms like Facebook, Google answerable: Min
 "Make Big Tech accountable to communities and society: MoS Electronics & IT")
Top headlines: India Inc coffers swell; Sebi eases rules on top exec roles
The ambition of turning into a $350-billion industry by 2026 appears to be achievable for the Indian IT sector. More on that story in top headlines.
 "Top headlines: India Inc coffers swell; Sebi eases rules on top exec roles")
IT industry on the road to becoming $350 bn in revenue terms by 2026
The aspirational target of $350 billion by 2026 also means that the industry will have to maintain growth in the double-digit range of 11-14 per cent
 "IT industry on the road to becoming $350 bn in revenue terms by 2026")
Indian IT crosses $200-bn revenue mark, hits $227 bn in FY22: Nasscom
The industry added 450,000 new hires in FY22, the highest ever taking the total direct employee base of the industry to 5 million.
 "Indian IT crosses $200-bn revenue mark, hits $227 bn in FY22: Nasscom")
Will Indian IT industry sustain its growth momentum?
The contribution of IT sector in India's GDP rose from 1.2% in 1998 to 10% in 2019. It has made its presence felt globally too. Here's a report on the Indian IT sector and the road ahead for it
 "Will Indian IT industry sustain its growth momentum?")
WFH benefits and other Budget expectations of IT and startup sectors
With the 2022-23 budget nearing and the third wave of the pandemic in full force, the industry is hoping FM Nirmala Sitharaman will provide support for growth
 "WFH benefits and other Budget expectations of IT and startup sectors")
